MARC SARNER


M arc Sarner is the President of Wake Up Financial and Insurance services. He is also Radio Host of The Wake Up Retirement Show featured on am1170 The Answer. He has 20 years of experience in the insurance and annuity industry. Marc resides in Temecula with his wife Kerry of 13 years. They have three children Maddi, 21, Mickey, 19, and Logan, 10.


CAREER

Since 1996, Marc Sarner has been working with friends and neighbors throughout the greater West Coast area to help meet their financial goals through the use of insurance products. Marc Sarner's mission is to inform and educate consumers on the most efficient strategies to enhance your retirement. We are an insurance agency rooted in the community and have developed our business by creating close, personal relationships with our clients. When you have financial concerns, we want to help you address them.

EDUCATION

Marc Sarner grew up in San Diego and graduated in 1988. He received his Bachelor of Business Administration, Marketing at California Polytechnic State University San Luis Obispo in 1992. Shortly after, he received his licensed in 1995.



 

MARC SARNER ACHIEVEMENTS

MARC SARNER ON THE RADIO

Wake Up Retirement | 1170 AM The Answer

 
Marc Sarner has 18 years of experience in the insurance and annuity industry.
More than 5 years ago, he took to the air to share his knowledge and answers question about retirement planning.
1Transcript 4-14-16
Well good afternoon and welcome to the Wake up retirement show. I am your host, Marc Sarner, here with you every Saturday afternoon at one o’ clock. We have a great show planned for you today. We’re going to talk about what matters to you most, your money. You know you’ve worked so hard for everything that you’ve accumulated today. You want to make sure that it is in the best position possible. Maybe you are thinking about retirement. Maybe you are already retired. Irregardless of whatever situations you're in, you are listening to this show, because you want to know how to improve. How to better your situation. How to make your retirement, your life moving forward, doing the things you want to do, is going to take being efficient. That means being tax efficient, being efficient as far as your strategies for, regarding inflation and that’s today’s show folks. We’re going to be talking about inflation, your retirement and how it all works and so welcome. You can find us on the World Wide Web at wakeupretirement.net. Our operators are standing by to give out the toll free number in a moment, because we have some great information for the first ten callers that call in to the show. They’re going to get a guide and talking to you about retirement and inflation and how to improve your situation, but first I want to thank our sponsor, Kilter Termite and Pest Control. The termite and pest control leader in the North San Diego area. You know I got to tell you they are great folks. They actually come out to your home, give you a free evaluation, whether you have a pest problem or a termite problem, maybe you’re not sure if you have a problem. You want to give them a call. They are standing by, 858-371-2928. That is 858-371-2928 and we are back with the show now talking to you about retirement. All issues facing retirement is critical that we talk about inflation. If you think about it, inflation is right about two and a half percent right now. What does that really mean? I mean two and a half percent is relatively nothing. If you take a look at a dollar today, it will be worth seventy-eight cents in ten years. You know and that same dollar will be worth sixty-one cents in twenty years and only forty-eight cents in forty years. so if you're sitting there and you’re fifty five or sixty years old listening to this show, you know twenty years into retirement and my goodness that’s about a forty percent reduction in the value of a single dollar sitting in the bank making next to nothing in interest. Or even for example, our last decade where the markets correct takes ten years for the money to even get back to where it was. Same type of situation applies. Inflation impacts your situation. You really need to talk to a seasoned advisor, talking to you in detail about inflation. Talking to you about planning for higher costs in the future. What does that even mean? What are the predictions that we need to evaluate? Diversify your investments, protect yourself is the, you know my mom always said don’t put your eggs in one basket. You know right. We all heard that slogan before. Account for inflation when outlining your budget and consider different types of investments that can protect your purchasing power and keep a plan up to date. You know there’s a lot of people that come to my workshops and they say well I don’t even talk to my advisor. I don’t even, I haven’t even seen him in over two years. or I don’t even get a phone call. You need to have an active plan that can address inflation as part of your retirement plan. You need to consider many risk in planning, you know, especially the often-ignored inflation that we’re talking about today. It can really sneak up on you if you really think about it you know. The two percent annual that we just talked about, two and a half percent is really a problem that can creep up and cause a real affect in your retirement lifestyle and you are listening to the wake up retirement show. I am your host Marc Sarner, here with you every Saturday afternoon at one o’ clock. Talking to you about what matters most to you, your money. You know you’ve worked so hard for it, now that you’re working, you need to know that your money is working just as hard as when you were sitting in a cubicle or on the platform taking a public transportation to work or maybe you were carpooling and you were stuck in traffic all those years. Now that you’re no longer doing that, in order for you to continue to do the things that you want to do in retirement and that can be golfing, that can be spending time with the grandchildren, that can be going to European vacations. Doing the things that you just love to do. You need to take a look at these strategies of keeping up with inflation. I understand why you want to make sure that you don’t lose the money, that’s why it’s in the bank, or that’s why it’s in underperforming investments. You want to make sure that is keeping up with inflation. There are strategies to do it. All you need to go do is go to our website, wakeupretirement.net. You can go online and get one of these guides that are going to talk to you about strategies of keeping up with inflation or our operators are standing by right now for only the first ten callers that call in the show. We get a lot of calls into the show so if you’re in your car right now or if you're at home at your desk and you’re listening to the show, you want to get this guide in your hands its toll free, 855-920-7233. That’s 855-920-7233. You are listening to the Wake Up Retirement Show, talking to you about inflation and how to put yourself in the best possible situation moving forward. So again, only ten guides available so get on the phone right now, don’t delay. We’re going to get it in your hands. Now you don’t have to worry about someone trying to sell you something. You know folks we do this to educate you. This is all that I do is specialise in retirement and preretirement planning and creating strategies, creating plans for retirement that are going to work. Solutions that are going to work. You know, not, you know people call up, they get the information, take it to their current advisor, that’s perfectly fine you know and you know we don’t work with everyone that calls into the show. So you don’t have to worry about someone just trying to hound you or sell you to do something that you don’t want to do. This is valuable information for the public, you want to go ahead and call ahead 855-920-7233, that’s 855-920-7233. So we’re talking to you about retirement. You know retiree’s suggest using you know, different types of investment. One solution is something called T.I.P.S, which is Treasury Inflation Protected Securities. You know it’s very similar to T Bills. You know you’re guaranteed to get your original investment back so and it pays a decent return that’s going to keep up with inflation. You know, you can actually position yourself in certain types of investments that have a principle guarantee like T.I.P.S. to create an income stream for yourself in retirement. So and of course, no one can predict future cost of inflation. I believe we’re going to be heading towards a period of hyperinflation, but it’s no one has a crystal ball, at least mine doesn’t work, so but it’s a pretty safe bet that it won't disappear altogether and even a middle inflation rate over time can slowly erode your purchasing power. Consider this, if you were to purchase an item today for a hundred dollars, that same item in twenty-five years is going to cost you two hundred and nine dollars, assuming an annual inflation rate of three percent and that’s pretty norm. That is a huge difference. People don’t realise the effect of inflation with regards to their investments or even just their cash at the bank. During the working years, you can only hope that your income can at least rise enough to match inflation. I know my wife, she gets a dollar raise every other year. I don’t know about you, but we talk about it and actually that’s a good raise rate for where my wife works, but basically you know you want to make sure that you’re in a position where you are hoping that your income is rising with inflation, but at least when you retire, you have a sizable nest egg. How can you minimise the impact of retirement, inflation on retirement? One thing you can do is you can certainly calculate inflation assumption in your budget. Another important step is maintaining an investment portfolio that can potentially provide returns well or above the inflation rate and the keyword there is potential right, because you want to make sure your investments are properly diversified, so that you can make sure that your purchasing power is growing and so very reasonable to have a three percent inflation rate. You know, a gallon of gas in 1985 was a dollar twenty-four. We’ve seen it as high as four, four dollars. Now it’s about three dollars a gallon you know. So inflation is a major impact. 1985 home prices were 116 805 and according to you know, obviously we live in the North San Diego or San Diego area. Home prices are much greater than that now. You know, back in the day the average car price in 1985 was $6495, now you know, average wheels are going to cost you about $32 000. So you can see the effects of inflation just by taking a look. You know when I was sixteen years old, my minimum wage was three dollars and thirty-five cents an hour. I used to cut sandwiches for three dollars and thirty-five cents an hour. You know, obviously minimum wage is a prime indicator of inflation and you are listening to the Wake Up Retirement Show, we’re going to talk to you right after the break I’ve got a couple solutions for you, couple of ideas that you’re going to want to come back and listen to with regards to how to protect your money from inflation and so we’re going to talk to you right after the break. Thank you all for spending some of your Saturday afternoon with me and we’ll be right back after these words. Welcome back to the wake up retirement show, I am your host Marc Sarner here with you every Saturday afternoon at 1 o clock talking to you about everything that matters most to you and allows you the freedom to do the things that you want to do, the freedom pretty soon if you are a pre retiree, getting ready to retire you’re looking forward to all the things you are going to do in retirement, you know that is actually one of the key factors in retirement is what do I do with all this free time, you know, you used to get into a routine of doing thing, waking up early, getting ready for work, going to work, getting stuck coming home in traffic from work, then, you would do the things you want to do when you got home, now you are getting ready to retire, and the key factor is what do I do now. Right, so you need to have a plan for how am I going to keep myself busy doing things in retirement, and that is a subject of another story right, so that is an individual preference but one of the key factors of making sure you have enough money to do the things you want to do is the effects of inflation, and that was what we are talking about and the very first part of our, very first part of our show was talking about inflation, you know I recently wrote an article for the street.com and you can Google, Mark Sarner the street.com and it will come up and we talk about inflation as being part of your retirement plan, so that was a recent article that I did a few months ago, but you know really the effect of inflation can affect every single retiree, you know what you really want is a worry free retirement right, I mean everybody knows that life is full of ups and downs, and it’s how we get through the downs that builds character, but when we talk about worry free income, you want to know what the problem is with your retirement plan, you don’t have a strategy, you want to get a plan to protect your life savings from inflation as it can actually erode your investment You know Ronald Reagan once said the following about inflation, inflation is a violent as a mugger, as frightening as an armed robber and as deadly as a hit man, the problem is you don’t see it coming, it sneaks up on you little by little, year by year and over time it can literally crush your life style in retirement, you know folks if things are cost more, and you know your income is on a fixed level, you need to revaluate. It’s one of the key factors of working with a seasoned advisor, they are going to develop a plan, they going to meet with you on a regular bases, they going to see you, they going to contact you when things change and you going to want to work with someone like that, if you want to get a free, worry free analysis to see where you stand. This is critical folks if you have a retirement that you’re looking at and you’re wondering well gosh maybe I take a look at am I keeping up with inflation, it may very well be that your invested in different funds and different types of accounts, but that doesn’t mean that you are in the best position possible based on your goals, so what you going to want to, what this analysis does is it take a look at your current savings, current investments, takes a look at social security, how to safe guard your investment from raising costs, and this is key, raising costs of health care, higher taxes and inflation. That’s health care, higher taxes and inflation. That is critical in your retirement plan plus other strategies to ensure that you never run out of money in retirement, this is not some like a generic document that you can get anywhere, its customised based on you specifically. How is that done? We factor in your age, we factor in your genetics, we factor in your income and expenses, so it’s specific and customised to you the listener, who is listen to the show right now. Only the first 10 callers will get this free analysis, we normally charge for these types of analysis done by our team of money managers, you are going to call toll free, that’s 855—920—7233, that’s 855—920—7233, that will allow for you to listen, to you know what can be done and that what this analysis designed to do, I want to thank our personal sponsor of our show again, and if you have a pest in terms of my problem, you are going to call kilter termite and pest control, they are the pest and termite control leader in the North San Diego and surrounding areas, you get a hold of them and they will give you a free evaluation and a special discount, mentioned you heard us from the wake up retirement show, they will give you a special discount, phone no there is 858—371—2928, that is (06:00) 858—371—2928, and you are listening to the wake up retirement show with your host Marc Sarner with you every Saturday afternoon at 1 o clock talking to you about all these areas that affect you most in your retirement. We are talking about inflation. Talking about addressing inflation, what are some other investments that are out there, you know that there is a CD that is out there that the interest is linked to um the an index 400 or a Dow Jones or a NASDAQ, you can actually contact your bank and they will give you information on different investments that can help you. There are other strategies you can find in our guide, you going to want to go to the world wide web at wake up retirement dot net, you are going to put in your information you going to get this guide, there is still a couple of spots available for someone to get this free guide into your hands and it is wakeupretirement.net and our operators have told me that I have a couple of more guides available, that 855—920—7233, that’s 855—920—7233, so every week what we do is we talk about topics that matter most, if you have a topic that you are concerned about, you can email me personally at marc@wakeupretirement.net and I will talk about the topics that most concern you, maybe you have a question that you want to email me, you can do that at marc@wakeupretirement.net be happy to give you some information about some different types of investments. You know, one of the questions that I get every once in a while is what about annuities, I have heard the one thing you can do is buy an annuity, folk you want to be very careful in this area, there is a lot of people that are offering these annuities at these different workshops some are good, some are bad, some are ugly, a lot of different investments have caps on them where they cap your growth. A lot of the pay rates, so a lot of them have income writers the will pay through your retirement, through your lifetime but the pay-out is not as good as other ones, so you want to examine what options are available for you to get the most out of your retirement dollars and you want to go with the plan that is going to pay you the most income with a good company that has a proven track record, and that’s the key, we represent a lot of them so we know where the good one are, where the bad one are and which ones to stay away from because some are ugly so if you are interested in those just send me an email Marc, marc@wakeupretirement.net you are listening to the show, we are on every Saturday afternoon, so you can feel free to ask me any question that you have, you know we don’t work with every one that call into the show, we are here to help, everyone is in a different position, everyone is in a different spot in life you know even our workshops are designed in a general fashion so that we can touch on many topics that are general to the public so that way you can feel a sense of what we are abut and we can dissect specifically what your problem is and design a solution if it makes sense to you and your family, so again you can go to our website wake up retirement.net, I want to thank our sponsors for putting on and sponsoring our show, Kilter termite and pest control, you can contact them on 858—371—2928, they are the termite and pest control leader in the North San Diego and surrounding areas and we will talk to you next week, we are going to have another guest on our show looking forward to talking to you next week about different topics that matter most to you, your money. Folks have a wonderful week out there, go and enjoy, do the things you want to do and we will talk to you next week.
1Transcript 5-7-16
Good afternoon and welcome to the Wake up Retirement show, I am your host, Marc Sarner and I am here with you every Saturday afternoon talking to you about retirement. If you are already retired, getting ready to retire, those most critical aspects of retirement is the first 5 years before you retire and the 5 years after. It sets the foundation, it sets the tone for what is coming into the future and I am your host, Marc Sarner, President of Wake Up Financial, you are listening to the Wake Up Retirement Show. We are on the air every Saturday at 1’oclock talking to you about these different issues. Income, taxes, managing risk, doing all these things that matter most so that you have an efficient quality retirement and you know now that taxes are done in the first week of May, talking about, ok so now that is done how do I put myself in the best possible situation moving forward. A lot of people wonder why do I pay so much in taxes? When people come to my workshops and ask me questions about income and taxes, the big thing is taxes, how do I reduce my tax liability, why do I pay so much and really when you sit down with your tax professional, they are just reacting to what is happening over the past year. What you need to do is be pro-active, take a pro-active approach on. You may think that your situation is entirely out of your control. The money you make, is what you make, the mortgage interest is what you write off, you put so much in a 401k and IRA and out comes the number. You know what there are things that you could potentially do to reduce your tax liability. If you are not working with the seasoned experienced advisor who also has a CPA component to do mock tax returns so that you can see how much you can save in taxes, not only today, but also into the future, you want to give us a call. Our operators are standing by to get you some information on how to reduce your income taxes, not for this past year, but for future years moving on and our toll free number is 8559207233, that is 8559207233. We have a guide for the first 10 callers that if you have an income over $25 000.00 in a year, we will give you this guide. It was really designed for someone in that area. So for the first 10 people that call, you will get this guide and it will really help you out as far as reducing your tax liability and that number again, 8559207233, that is 8559207233 or you can find us on the worldwide web, wakeupretirement.net, there is a wealth of information there. Some other information you might be able to find beneficial. So I also want to take a moment to thank our sponsor, Kilter Pest and Termite for your termite and pest control leader in the door in the San Diego area. They are excellent at what they do, they have been doing it for 20 years. i guarantee their work. A friend of mine that went out and made the call, a professional came to their home and found that there were no termite problems and they shook hands and parted ways and no bill was asked for. It is nice to know they double checked to make sure that there is not a problem brewing. Give them a call at 8583712928, that is 8583712928, that is Kilter Termite and Pest control, your termite and pest control leader. [04:08] Today we are going to talk, we have a great show planned for you today. We are going to talk about the future. We are going to talk to you and I don’t have a crystal ball. Although I am in my office and do have a crystal ball in my office, but it doesn’t work as far as forecasting the future. When we talk about the future, we are talking about the future of the markets feature and how it is going to affect your retirement. We really can’t predict what is going to happen, it is out of our control and that is a good for say my son who is 18 in college. Markets go down that is a good thing for him because he can dollar cost average, put more money away, at a cheaper price he can buy more shares at a cheaper price. For someone who is 55 to 60 and have all their investable assets in high risk or growth, funds may not make the best sense. So you want to take a look at how do I make sure that I avoid some of these violent swings that are in the market. What does it mean and how do I protect my nest egg. You know back in 2008 when the markets went down, 43% in one year, you know what happened is people actually had to go back to work. They coined the term “unretire”. If you have never heard the term “unretire”, these are people that had to go back to work, these are people that retired thinking that they had enough based income versus expenses, they took 4%, they used the 4% rule to determine whether or not they could retire. So they took 4% of their total nett worth and their investable assets and said, you know what it is time to retire, I can finally do it and you know what 2008 came around, the markets went tumbling down, they extracted the 4%. So finally they went in and took a look at their situation and had to unretire. These are people that went back to work, not by choice, but because of necessity. So you want to avoid these types of pitfalls and mistakes by being proactive and the first step is you actually listening to this show. This is a proactive activity. What you have in front of you is information that can help you and gathering a wealth of information to determine how it can benefit you. Studies have shown that [06:32] those that actually listen to these shows and go to educational workshops have a higher quality of retirement. Imagine those that go to school have a higher chance of graduating and getting a better job than someone who does not. So it is the same type of philosophy, you are here learning, getting education, now it is time to take the next step and find out. Alright, looking at your situation, do you have a plan? Are you working with a seasoned experienced advisor? Someone who has been through some of these swings in the markets. Do you have a plan for income? What about a plan for social security? What is best for you and your family as far as when is the best time to take social security benefits? What about inflation? Inflation is about 2 – 2.5%, why do I have to worry about inflation? Well, there is a lot to worry about with regards to inflation. So hopefully you are working with someone that can help you design a well thought out withdrawal strategy and using different investments to create income and have an emergency fund for unexpected cost and also re-evaluate your client on a quarterly basis. You know folks, the markets can change in a quarter. They can change in a day. This is not something, well I have talked to my advisor once a year or once in a while I get a newsletter or something like this, you want to make sure you have a pro-active approach especially in today’s volatile markets. You know the markets are up 200% over the last 7 or 8 years. You think it is going to continue to rise up on a steady basis, there is going to be swings. There is going to be a correction and we all know that is on the horizon, the question is when and are you prepared? What you want to do is get an analysis of your situation, whether it is me or something else, you want to actually have someone take a look and see if you are in the best possible situation to brace this storm. To think it is not going to happen and then be surprised when it does, is not very prudent. So what you want to do is go to our website link at retirement.net or go give us a call, our operators are standing by. We have some information for you. 8559207233, that is 8559207233. You are listening to the Wake Up Retirement Show and I am your host, Marc Sarner, here with you every Saturday afternoon at 1’oclock talking to you about what you can do to improve your situation. You know the biggest thing I find with people coming to my educational workshops is they just don’t know where to go, who to trust, who to answer questions, everybody kind of says one thing and the other person says another you know. So there is some conflicting information out there. Somebody is trying to sell me something and where do I go and what do I do? Those are just the factors in today’s economy. There are people out there that are just trying to sell you services and products, it is fine, but how does it fit to your parameters. How does it fit into your goals? What is it about your situation that you need a solution to. My clients, I have been doing this now for 20 years, people are retiring. I get calls every week from people saying Marc Marc it is time to start extracting money from my portfolio, I am retiring next week, what do I do? What forms do I need to fill out? How long will it take me to get my first cheque? These are all very interesting questions that you need to answers to. That is what you work so hard for to be in this situation where now you get to the things that you wanted to do and there is a retirement income guy, for those of you who are listening to this show, the first 10 callers will get a retirement income guide. It talks about when is the best time to extract income, when is the best time to take social security. So we have a couple of different guides for you. Operators are standing by only for the show. So you want to give us a call, toll free 8559207233, that is 8559207233 or you can find us on the web, wakeofretirement.net and it will get you some information about what we are discussing today. So the second half of our show here we are going to talk about some things to be aware of, moving forwards, talking about taxes and planning and moving forward into this year 2016, what is the best course of action for you? So why don’t you refresh your beverage and take a minute we will be right back after these words. And we're back! welcome to the Wake-up Retirement show, I am your host Marc Sarner talking to you about these different areas of retirement. We talking about income, taxes, managing risk. We are talking about the things that matter most to you. Your money that you've accumulated, it allows you the freedom to do the things that you want to do now that you are getting ready to retire, already retired. You want to make sure that you're in the best possible situation moving forward. That's why you're listening to shows like ours is to find out, because what we do every single week is we talk about the different things that are going on. The things that you can do, we can`t control what is going on out in the world, whether it's the price discovery or the Fed or China or massive late days sell orders or computers or technology breakdowns or anything to do with outside of our control. All we can do is control, what we can control with regards to your investments. That is being prudent about investment strategies, given your goals and your objectives. Someone who is 35 years old, their goals and objectives are much different than someone that is 55 to 65 years old. So you want to make sure that we are looking at your positions as far as putting you in the best possible situation. You want to look out for rebalancing your investments. Setting aside emergency cash plan for healthcare expenses. By the way we talk about healthcare expenses this is one area where inflation is a problem. Cost of living is - in regarding inflation - the healthcare industry is an inflation problem, costs of healthcare are rising. I don't recommend, you know, everybody run out and buy a long-term care policy. Then what you need to do is take a look at these different things to determine what you can do. Consider different investments, consider the volatility to your portfolio when you are retiring is all a factor. D risk is part of the equation you know, as we get closer to retirement we want to start D risk, because we`re going to need to supplement your income with Social Security, to design income that will last through your lifetime. How do we know how long you going to live? We don't! But what we can do, is take a look at your past family background, your health, any major medical; these types of things are all part of strategies that you want to work with the seasoned advisor on. And you are listening to the Wake-Up Retirement show. I'm your host Mark Sarner talking to you about all these different issues regarding your retirement. Regarding everything that you have worked so hard for. That's why you've saved. You were very good about making sure that you contributed to your company 401k plan, because there's matching going on. Folks if you're not doing that, you want to make sure that you are contributing, if there is free money involved you want to take advantage of it. On the same token if you are working and you don't have a company match plan, you want to take a look at Roth Ira solutions maybe you can only put away $500 a month for your retirement, you want to do it. How you do it? You can do it on a weekly basis. It's important that you actually save for your future, save for your retirement, so that it gives you the ability to do what you want to do, see the things you want to do. My wife wants to go to Rome, Italy. Well she's not going to go unless we have money. You are not going to be able to do the things that you want to do if you don't have the money to do it! That's obvious, but how do you get there? You want to design something, that is something you can stick with someone you can work with, something that you can actually monitor on a quarterly basis to make sure that these numbers all add up. You know folks I have people that come and see me and they're excited about retirement, because they've saved for it, they can't wait for it. My clients that are 70, they say “you know what Mark I've got 10 good years where I can go and travel and see the things that I want to see, because I've always dreamed that one day I'd be able to do it. Well now they can do it, because they were very prudent about being efficient. Tax efficient, rebalancing, taking a look at their situation making sure they're not too heavy in one area over another. What we find is a lot of people invest in the same types of funds, for the husband the wife, they kind of double down so to speak, because they heard that while these funds are good so all (Inaudible05:06:07) should be all these funds. Yet the purpose of diversification is to have more than one fund that actually doesn't coincide does it, doesn't work on the same plane. So they want to make sure that it is properly balanced so that if wha the markets go up you know, they both don't go up at the equal amount cause when the markets go down they go down the same equal amount. So the purpose of diversification is to balance each other out, and that is why you want to get a second opinion on your situation. We offer this free of charge. We enable people to - a safe place for people to call, to email, to get our information, because the goal of the show is for you to become a better more informed consumer. We don't work with everyone that calls into the show, we do help people that have questions. So you want to give us a call toll-free 855-920-7233 that's 855-920-7233 and you are listening to the Wake-Up Retirement show and I am your host Marc Sarner here with you every Saturday afternoon at 1 o'clock. I want to think our sponsor again kilter termite and pest control. The termite and pest control leader in the North San Diego area. They been doing this for 20 years folks, so if you pest problem, or you're not sure if you have a pest problem, or if you have a home and you haven't had your termite inspected to see if you have any termite problems, you can call toll-free 858-371-2928 that is 858-371-2928. That is kilter termite and pest control. So, getting back to our goals of what we are trying to accomplish here is your money. We want to take a look at your situation to see if you're on track. Are you on track? How are you invested? What is your position on your goals? What is it that we are investing for? Are we investing to keep up with inflation? Or are we not investing at all? Maybe we have all of our cash an in cash and the reason being is we don't want to lose it. Well you know folks if were not investing were losing it anyway due to inflation. There are investment strategies that are out there where you can keep up with inflation. Where if the CDs are now paying about 1%, folks you can get about 3 to 4 to 5% a year on very safe investment vehicles, if safety is important to you. There are these types of investments out there, that are not suitable for everyone they really depend on what your situation is, but your principle is guaranteed. You know you want to watch out for people that are selling annuities out there. There are a lot of workshops out there, people selling products including annuities, or life insurance, or index universal life plans, where they pull out the income tax free from a life insurance policy. You want to be make sure that you are careful, you want to make sure that you get all the facts. You know there's a lot of annuities that are out there where they have caps on the growth. So when the markets make ten you get three, when the markets go up six you get three. That's not necessarily for your benefit but it does protect you from the downside. So there are a lot of negative issues with regards to these types of accounts. You want to make sure if you have one of these, you have an annuity, you could refinance or do something called a 1035 exchange where you can go from one plan to another. You want to make sure you don't jump out of the fire into the frying pan. You want to make sure you are going into - from one poor performing account to a higher-quality account so it's uncapped strategies that can keep up with inflation. Folks there are actual accounts right now that are up about 4 1/2% for the year. It's an uncapped strategy so you want to take a look at what's available, principle being guaranteed, if you don't use the money all of it goes to your beneficiaries. There are different types of strategies that are out there and you want to make sure you're getting into the best one possible for you and your family. There's a lot of moving parts with a lot of these different products. There's a lot of people that are offering these products for sale at educational workshops. That's.. you know, a big concern is you don't want to buy anything at one of these seminars, you don`t want to buy anything at one of these educational events, it`s strictly should be for educational purposes only, so that you can actually learn what is happening to.. to your situation with the world, how does it all work. Most important for you, is your family! You, your spouse, your income, providing for your family, sustainability is a critical making sure that you don't run out of money. That is the number one concern, for a lot of people is making sure that they do not run out of money. That.. what's going to happen with your pension, how is your pension positioned upon your passing? Your hundred percent benefit to your spouse - 50%, what's going to happen because there's a real statistic out there that for seven.. seven out of 10 women will face poverty at some point during retirement as a widow. Reason being is, income goes down, exemptions go down, costs go up, cost of living on the rise, but because now they are filing single they don't get the.. the same benefit as filing married. So now with filing single more of their social security is subject to taxation and we.. we talk a lot about this at the workshop. We do have some information for you online. You can go to our website at wake-upretirement.net, and really get some information with regards to what you can do moving forward in retirement and prepare for that reduced social security benefit upon losing a spouse. And you can call so.. the.. 855-920-7233, that's 855-920-7233 you are listening to the wake-up retirement show. I am your host Marc Sarner talking to you about these areas, and want to thank our sponsor kilter termite and pest control, the termite and pest control leader in the North San Diego area. They have a great offer for you, there is a discount involved you just got to mention our show Wake-Up Retirement and they will benefit.. by receiving the call, they will come and see you, give you an evaluation, find out what your pest and termite needs are. Give them a call at 858-371-2928, they been doing it for 20 years; and we will talk to you next week. Have a great weekend folks
1Transcript 5-21-16
Good afternoon and welcome to the Wakeup Retirement Show. So, I’m your host Marc Sarner, here with you every Saturday afternoon at one o’clock, talking to you about everything that’s going on currently in today’s economy. That could either affect your investments both positively and negatively, so that you can be armed with the information necessary to improve your situation. Talking to you about retirement income versus being efficient with your taxes. Talking to you about longevity, inflation, handling all of the issues that come out on a daily basis, on a weekly basis, so that you can handle whatever comes your way. You’ll be armed with information, you took the first step and the first step is to actually listen to shows like this, so that you can become a better, more informed consumer. Studies have shown that those that actually listen to these types of events or go to financial educational workshops have a higher chance of a higher quality retirement. And I want to thank you for listening today and spending some of your weekend with us this afternoon. I also want to thank our sponsor Kilter Termite and Pest Control, the termite and pest control leader in the North San Diego area, been around for over twenty years. You can get a hold of them at 858 371 2928. That is Kilter Termite and Pest Control. So, talking to you about retirement, we have a great show planned for you today. Talking to you about retirement income, talking to you about strategies, how to generate more income. So, want to talk to you, if you’re listening to this show, more than likely you are either retired or getting ready to retire. Maybe in your mid to late forties or mid-fifties, getting, planning on retiring at some point. You know, your overall world is different now. Use to be they used to focus on growth and a notion of retiring some day is right around the corner. So, you’re looking at solutions to create retirement income, you’re no longer looking at, you know, growth stocks the same way you were twenty years ago. You’re looking at what can I do to create income that will sustain my lifestyle. So no longer are you looking at strategies for solely looking at growth, we’re looking at how we can maintain a quality of life in retirement. And you’re listening to the Wakeup Retirement Show. You can find us on the worldwide web at wakeupretirement.net and we have a wealth of information there for you. Our operators are standing by because we have some guides that we’re going to be passing out throughout the show. It’s only available for the first five listeners. We get a lot of calls on a daily basis when I do this show, so you want to be ready to standby and listen to something that might be interesting to you and that’s income. So, talking to you about how do we make sure that we sustain it through planning. You know, that’s goal number one is to work with a seasoned, experienced advisor. Someone who actually understands how to create income. Someone who understands how to design a plan based on your goals, your life expectancy and so, we have a retirement guide that we have available for you. It talks about income. Its talks about whatever your situation is, we take a look at income versus expenses, but this guide actually helps. It gives you the ability just to help yourself. Cause a lot of people, you know, go to workshops or listen to our show, they said you know what, I just don’t want to be sold anything, I just want to be armed with information that might be able to help me and you know what, if after reading this guide, if we can help in any way so be it. But we want to get this out to do so that cause you’re a loyal listener to the show. We’re only giving it to the first five listeners. You want to give a call to our operators who are standing by 855 920 7233, that’s 855 920 7233. It’s a retirement income guide that allows for you to see what is possible and what can I create as far as income and the sustainability of it. So, the idea behind this is the following, you know, there’s a real retirement crisis in America today. Ten thousand people are turning sixty-five every single day and alarming little in retirement accounts. So, company pensions are a thing of the past, 41K plans are riddled with fees. We’re living longer so our retirement savings has to last longer and those record low interest rates that are just punishing conservative investors. Cause when we tend to retire, we tend to de-risk and when we de-risk we go into more conservative strategies and if we don’t have the necessary interest rates, we’re not keeping up with inflations. So, the issue is how do I move forward? So, what can you do, how do you ensure that you don’t become a result of the crisis? The answers are in our analysis that we do. So, you have a retirement analysis that will show you strategies on how you can turbo charge your retirement income and help protect your retirement savings from stock market volatility, the rising cost of health care and higher taxes. So, there’s also some little-known strategies to help ensure that you won’t run out of money in retirement. Folks, that’s really the plan. You know, if you have a plan, you actually are designing something so that you don’t run out of money. If you don’t work with a seasoned experienced advisor, chances are you’re leaving it up to luck. And I don’t know about you but I’d hate to leave my retirement up to luck. So, you’re listening to the Wakeup Retirement Show, I am your host. I’m here every Saturday afternoon, 1 to 1.30, talking to you about all these different areas of concern for a lot of different people. You’re not the only one. You know, when I put on these educational workshops, I find that everyone is in a different boat, everyone is in a different situation. You know, we just had one in Escondido just the other day and people had a lot of legitimate questions and concerns. I just wish I had more time to give to give to my workshops. That’s why we make ourselves available. We have an office in San Marcos, we have an office in La Jolla, the UTC area. So, we have the ability to meet with people just like yourself, to help you if that’s what you’re looking for. And again, you want to call through with that guide its 855 920 7233, that’s 855 920 7233. And I want to thank again our sponsor, Kilter Termite and Pest Control. If you have a pest problem or if you’re not sure of you have a termite problem, you want to give them a phone call at 858 371 2928, that’s 858 371 2928. That’s Kilter Termite and Pest Control, the termite and pest control leader in the north San Diego area. You want to give them a call and see if there’s any problems in your home. It’s better to find out early than late, that’s for sure. So, and in the next segment of our show, we’re going to talk to you about other things to be concerned about. Some of the five items that you need to worry about when we’re talking about retirement and we want to make sure that we avoid pitfalls. We want to make sure that we avoid mistakes, cause if we make a mistake at this stage of the game, does the advisor pay the price, does the institution pay the price? No, you actually pay the price and a lot of people when they get into retirement, the time horizon is now, retirement income is now and you don’t want to make any mistakes. You know, what do I do about the rising care of health insurance, what do I, health costs, health care costs, what do I about longevity and need, how do I be more tax efficient, how do I position myself for my spouse to be in a better position, not just now but into the future. So, we’re going to talk to you in the second segment about these different pitfalls that people have made mistakes. You know, that what I find is that there’s information available for people and being armed with this information that’s readily available in today’s society, it’s important that you know it rather than just pass the buck and just say well, I ‘ll deal with that when I get to it. So, and you’re listening to the Wakeup Retirement Show, I’m on every Saturday from 1 to 1.30, talking to you. You can find us at the worldwide web at wakeupretirement.net. You can call and receive a retirement income guide at our, operators are standing by. We’ve got a couple of these guides available. Just two more is what I’m told. So, 855 920 7233, that’s 855 920 7233. So, what I’m going to do is I’m going to refresh my coffee, I’m going to take a little break. We’ll be right back after these words. And we are back, welcome to the wake to Retirement show, I am your host every Saturday afternoon talking about everything to do with your retirement. You know, you work so hard for everything you have today and you just want to know what is the best possible situation that you can put yourself in, not only for yourself, but for your wife, for your family, so that you can do the things that you want to do during your lifetime. Whether it is golf more, travel more, spend more time with the grandchildren or do whatever projects you are thinking of. You know my wife is constantly coming up with brand new projects, maybe you have some products that you wish you had more time to do. Now that you getting closer to retirement or have already retired, you want to know what is the best situation moving forward for yourself, so that you can do what you want to do and there are 5 very real threats that could jeopardize your retirement, so you really need to take a look at defensive strategies to really safe guard your life savings that you have accumulated. So really the second half of our show is really talking about these threats and these 5 threats are the following: So you want to look at high incurred costs, inflation, is not very much a factor today, it is about 2 – 2.5%, but in healthcare costs, this is an area where inflation in healthcare costs are on the rise. Longevity is a concern. People are living longer than before. So we talk in the past on the show about how a happy couple who is 65 years old, one of them is going to live past the age of 90 and if we are designing portfolios to run out of money at the age of 90, we planning to fail 63% of the time. So you actually want to take a look at longevity and how can I make sure that my income is sustainable. What about taxes? How can I be more tax efficient, is that even possible? You know what I find is a lot of different people what they like to do in this industry, they like to sell products, they like to sell their services. Let’s move the money, let’s get it transferred, get it working for you. So folks very few people took a look at the tax consequences of the decisions that they make and that is one thing that we are actually good at, which is providing a mock tax return. I find that people in this industry versus people that do taxes, they don’t spend time communicating with each other and that causes a problem with the plan, because there could be issues that are going on that the advisor is not aware of the plans they are designing. So you want to make sure you are working with a seasoned advisory. Also the stock market risk, you want to watch out for volatility. Volatility is good for my 19 year old son that is going off to college for his second year of college, but it may not be good for someone like yourself who are 2 years from retirement. So on the one end my son actually wants the markets to go down so we can buy more shares as he puts money away, you on the other hand, want to make sure that it goes up or stays the same, but you certainly doing want extreme volatility close to retirement and also inflation. So cost of living on the rise. People are living longer than ever before. So here are some potential strategies to protect yourself and generating income. So one thing to do is make sure you take a look at social security. When is the best time to take social security? Sure, you can take it at 62, but does it make sense for you to take it at 66? Are there better benefits? Should I actually take a look at getting a social security analysis done before I elect to make a decision? So, for the first five [04:21], you are going to do a social security analysis free of charge for your benefit. It really is designed to help you. Sure if there is anything we can do to help you along the way, we are here, our firm is here, we are able to do it, but, we normally don’t offer this, but today we did. So social security analysis, you want to give us a call, 8559207233, that is 8559207233 and you are listening to the Awake of Retirement show, I am your host, Marc Sarner. I want to thank our sponsor, Kilter Termite Pest Control, the termite pest control leader of the north San Diego area and they are there to help you with any of your termite or pest control needs, you give them a call at 8583712928, that is 8583712928 and back to the show we go. Talking about safe guarding your retirement and making sure you have yourself in the best possible situation. So there are a lot of people out there offering annuities to provide income. So did you know that there is actually companies that provide better pay out rates than others? So you want [05:35] to look at securing an income strategy which will provide a guaranteed life-time withdrawal benefit and this approach effectively locks in some of your future retirement income today and protects it from a market crash or a market correction and we have had a good 7 / 8 years without a major correction in the market. You want to make sure you are not exposed to significant volatility. I find that a lot of people have their portfolio balanced, but they are in invested in the same type of fund, so you want to make sure you are in a good spot moving forward into retirement, so close to retirement or already retired, you just don’t want to get to washed out when this tidal wave comes in. So you are listening to the wake up retirement show, we are talking to you about designing a plan to protect your nest egg you know. You have worked so hard for everything you have accumulated, you just want to make sure it is in the best possible situation. So you want to understand these 5 threats and how to provide a solution to these 5 threats and so that is the extent of those particular threats. You know, why do we talk about these particular issues? You know 7 out of 10 women will face some level of poverty through their lifetime. These are women who were not poor before. So the reason being is because when we lose a loved one, we don’t get both social security cheques. You get the larger of the 2, but because your spouse is filing single, it would cause a problem because now you are paying taxes on social security. You are actually in a position where you could be running out of money and having a hard time sustaining with the increasing cost of living and you are listening to the Wake Up Retirement show. I am your host, Marc Sarner and every Saturday at 1’oclock is the time we start our show. You want to watch out for these annuities that are out there. There are cap rates that are out there, where the rates are caps so the markets make 10 and you will get 3, the markets make 12 and you get 3. That is for the institution benefit not necessary yours. So you want to look out for that and you also want to take a look at [inaudible] 08:17. So if you have an IRA, you want to take a look at rolling your IRA to a [inaudible] 08:23 so that you can achieve tax free accumulation. So that you can actually take a look when you do retire that you have tax deferred money and you have tax free money. Pay tax on the seed and not on the crop. That is the idea and you want to look out for these long term care sales people that are trying to sell you long term care insurance. I like the idea of having some sort of protection, but I don’t like the idea of paying for something that you may or may not use. There are strategies that enable you to get your money back if you don’t go into some sort of facility. Besides that, these particular companies are having a hard time making a living. So it is very difficult for them to sustain life in terms of long term care institution, because the actuary people got it wrong. People are living longer, the math isn’t working for them, so ultimately who pays the price? The policy holder because they tack on the cost to the policy and if you cancel the policy, you don’t get your money back either. You also want to take a look at avoid probate. If you don’t have a living trust, it might be wise to seek out legal counsel to get a living trust drawn up to protect you and your family and your loved ones from the probate courts. In getting those power of attorney’s drawn and keeping them current, making sure that information is correct, but not only that, making sure that your wishes are carried out so that they know how to transact or how to feel about how you would want to be treated. If you not able to function like you are today, there is a document that is created by the University of Minnesota that will talk about how to make sure that your wishes are carried out. It is one thing to give power of attorney for your healthcare, it is another to actually give them a guide to say, it is ok, just because the hospital has a $1million dollar machine, doesn’t mean you want to be hooked up to it for the rest of your life. So there are certain things that you should take a look at to make sure your wishes are carried out without any guilt, because ultimately if you don’t have the necessary forms filled out, can there be guilt? Would mom want this, would dad have wanted that? So there is certain feelings for providing a goal of how you would want to be treated and that give you peace of mind knowing that when it comes out to carrying out your wishes, you know that you have elected the right people, but how would you like to be treated? We have multiple workshops coming up over here in the next month, you want to give us a call, toll free 8559207233, that is 8559207233. You are listening to the Wake Up Retirement show. I am your host every Saturday at 1’oclock. Want to thank our sponsor Kilter Termite and Pest Control, the termite and pest control leader in the North San Diego area. I have to tell you that I had a friend of mine received an estimate and he didn’t think he had termite problems and he didn’t have a termite problem and they did not try sell him any other services or products. They shook hands and parted ways and I would stand behind that company because I had a positive experience with them. You want your issues taken care of, pest and termite problems, give them a call. That is 8583712928, that is 8583712928. We will talk to you next week, we have a great show planned for you, thanks for listening and go out there and make this weekend the best weekend of all.
1Transcript 6-25-16
Good afternoon and welcome to the Wake-up Retirement Show, I am your host, Marc Sarner, here with you every Saturday afternoon talking to you about your retirement. You know you’ve worked so hard for everything you have today, you want to make sure that everything is working as efficiently as possible. You know you went to work every day, you saved money, you put your kids through college, you paid off your household fully and now you want to make sure that what you saved is enough. That it’s enough for your entire retirement. That it’s sustainable and nothing could have tested us more than our volatile market. Look at this past week, it’s been extremely volatile, on Friday we had a lot of volatility due to what’s going in Europe. And now, it’s really a global economy. People need to understand that there are huge swings that we can expect moving forward. And if you’re not properly balanced, if you don’t have a plan that addresses this volatility, that it smooths out the volatility, you’re going to be left in a position where you are wondering if you’re going to have to go back to work. You know, back in 2008, they kind of coin the term unretire, where people that retired said goodbye to their co-workers and friends and they went off to live in retirement, only to find that it was not enough. That it was not sustainable. You know, and that’s what we’re going to be talking about today folks. You’re listening to the Wake-up Retirement Show, I’m your host Marc Sarner. Here with you each Saturday afternoon at 1pm, talking to you about sustaining your retirement. You know, back in the day you made have heard of this four percent rule. Where basically, fi you only pull out 4% of your account, you’re actually going to be able to be just fine in retirement. Cause the markets go up, the markets go down but if you only pull out 4%, you’re going to be fine in the long run. [02.10] Well, what we’ve discovered is it couldn’t be further from the truth. Especially in today’s volatility. It basically outlies that it’s broken and successful strategies. There has to be other ways of doing it, being successful, using other strategies. Many advisors have been touting this 4% rule as a staple for safely withdrawing income. But you know experts today are saying this is basically broken, that really, it’s not, you can’t just say 4% cause it doesn’t take into consideration how the overall portfolio is positioned. It doesn’t account for longevity, it doesn’t account for future tax implications, what would happen if we had a major correction? Folks, just yesterday we had a 600 point drop in the market. Not to scare you because we understand the markets go up and down, but if your account does not allow for proper diversification, proper balance, you could be left out in the cold or better yet, looking for another job. We don’t want you to have to do that, if you retire once it should be enough, unless you want to go back to work. You know, if you enjoy working and it’s something that you want to do, then by all means do it. But if you have a plan to address this diversification, have a plan to address this situation, you would be in a better spot. We don’t know when this major correction going to hit, whether it’s not or in the future but we do know something is about to big hit us and something is on the horizon. And there are those that are prepared and that there’re those that don’t want to think about it and put there, you know, their other needs first and nothing can be more important than sustaining your retirement. You’ve worked so hard, you deserve it, you and your wife or spouse deserve to be put in a situation where this is your time to do what you want to do and travel, see the grandchildren and you know, be places where you want to be, play golf more, whatever it may be, this is your time to do what you want to do in retirement. You’re listening, it’s the Wake-up Retirement Show, I’m your host Marc Sarner. Here with you every Saturday afternoon. You can get a hold of our operators, our office at 855-920-7233, that’s 855-920-7233. What we do and what we offer is a free analysis, it gives you a chance to find out if you are properly diversified, if you are properly in position to handle a major correction. You want to find out now, it’s a stress test situation before you have a major problem on your hands. You don’t want to be in a situation where gosh, you know, the markets are down 20%, let me wait for it to come back then it goes down to 30%, then well, let’s just hang on. You know, a lot of advisors what they say is just hang on, its going to come back, it always comes back. But folks, you know, really if you’re extracting money in retirement, if you’re pulling and income in retirement, the game has changed. You have changed the game, once you start living on your investments and the markets go down and you’re extracting a percentage of your investments to sustain your retirement, you have changed the game because now you are digging a further hole for yourself. Oh, you can find us on the worldwide web by the way wakeupretirement.net. There’s a wealth of information there, there’s some guides on how to balance your portfolio, how to do these things as far as income and prepare for the future. Want to thank one of our sponsors by the way, which is Kilter Termite and Pest Control. The Kilter Termite and Pest Control leader is the termite and pest control, they you know, you want to find out your situation, find out a problem before it becomes a major problem, they have over twenty years’ experience. They are in the North San Diego area, you can give them a call at 858-371-2928, that’s 858-371-2928 and I’m your host Marc Sarner here with you on Saturday afternoon, talking to you about all areas of your retirement. You know, we talk to people about income, we talk about reducing taxes, we talk about managing risks and that’s really what this show is about, is managing risks. You know, you might be thinking that maybe you’re properly diversified or maybe you’re thinking well, I have an advisor, his worked for years or I’ve worked with for years, how are you different from what I already have? It’s basically a second chance, a second pair of eyes to find out if your situation is sustainable. We run an analysis, we take a look at your situation, we show you what’s possible if it’s relevant. It very well may be that your situation is perfect and that your income is fine and that your positions are fine and properly balanced, wouldn’t you like to know beforehand. You want to give us a call, toll free 855-920-7233, that’s 855-920-7233. You know, we just had a wonderful workshop in Escondido and Ramona in the past couple of weeks. Really had some good people come out and ask some really good questions about how do I make sure that I have enough? How do I know if I have enough? Well, how much should I pull out on a monthly basis? What about taxes, what about social security? When’s the best time to take social security? These are all good questions. What about my spouse, my spouse is still working? We’re still contributing to his 401K or his IRA. You want to plan for a longer lifespan, I recently wrote an article about this, about inflation and for the wallstreet.com and basically what we do is we talk about how/where longevity is a factor, is a healthy 65 year old couple, one of them have a 63% chance of living past the aged of 90 and if one of you live pass the age of 90, that means we have to design plans to sustain that lifespan. What we’re seeing is that a lot of financial plans out there are running out of money and designed to run out of money at age 90. And if we were to design a plan to run out of money at age 90, we are planning to fail 63% of the time. By the way, you know, 7 out of 10 women will face some level of poverty during their lifetime because we just don’t address these issues. We use a guestimate, we use a fake number. We don’t address longevity, we don’t address portfolio performance or portfolio balance. All of it is relevant to your situation and you are listening to the Wake-up Retirement Show, I’m your host Marc Sarner. Here with you every Saturday afternoon at one o’clock. Talking to you about these areas that are of the most concern for you. Maybe you’ve just retired, maybe you are thinking about retiring, maybe you have been to a workshop or have not. Folks, studies have shown that those who come to our events or anybody’s events, that they have a hire chance of having a quality retirement because you’re better informed, you’re armed with information and it’s relevant for you to get to one of these workshops. If you want to find out when the next time that I speak at one of my events, you can give us a call at toll free 855-920-7233 or 855-920-7233. You can email me also at Marc, that is MARC as in Charlie, marc@wakeupretirement.net. And you can find out more information about us on the worldwide web at wakeupretirement.net. We’re going to take a quick break here for a moment. Listen to some wonderful music or pour yourself another cup of coffee or tea, whatever it may be. We’ll be right back after these words. And we’re back. Welcome to the Wake-up Retirement Show, I’m your host Marc Sarner, here with you every Saturday afternoon at one o’clock. We are here for our second portion of today’s show and we’re talking about stock market volatility, we’re talking about retirement, we’re talking about proper diversification and you can find out all of our information on the worldwide web at wakupretirement.net. You can give us a call back at 855-920-7233, that’s 855-920-7233. Our operators are standing by for those that want to call in, we have a guide for retirement income and sustaining your retirement income through this volatile market. You want to give as a call, that is 855-920-7233, it gives you some real powerful information on what you can do to sustain retirement in a volatile market. So, we hope you can take advantage of that and what we’re going to talk about now is our second portion of our show is talking to you about the biggest threat to your retirement. And it’s not necessarily inflation, it’s really the stock market and it’s not really the rising cost of health care, it’s living longer. This is not, this really isn’t someone’s opinion, this is fact. People are living longer than ever before and it means that you have to have a strategy of your money lasting 25, 30 or 40 years. So, really the issue is to plan for a longer retirement, evaluating your expenses, evaluating your income streams. You can purchase different investments that provide income. You can delay social security benefits if at all possible or maybe you have a situation where you need to take income right away, make sure that you are saving enough if you’re still working. Make sure that you are saving enough for retirement because you’ll need it, not today, you’ll find a way to survive today, the issue is how you’re going to survive down the line when you eventually retire. What about making catch-up contributions? What if you’re behind the eight-ball, you got a later start on retirement and what do you do, how can you catch up and you have to have basically a business plan for your retirement. That’s the key to your scenario. And work with somebody, a professional, seasoned professional to help come up with solutions to your situation. Somebody who’s not just going to sell you products or sell you services, someone’s that’s actually going to follow through and be there for you when and if you need money or when and if you have questions about your money. Somebody says that needs to proactive, taking a proactive approach to dealing with you in retirement. In other words, it’s not good enough for someone to just to answer the call when you call as the client, they should be proactive seeing you on a quarterly basis. You know, the laws are constantly changing, the rules are constantly changing, the markets are constantly changing and you don’t even get a phone call or an email for a consultation. Isn’t your business worth it, isn’t your retirement worth it. I believe it is. So, you know, you really want to think about retirement as a strategy to sustain your lifespan. You know, the average US 65-year-old man is now expected to live 86.6 years. That’s up from 84.6 years in 2000. According to these new mortality estimates that were released by the Society of Actuaries. A professional organisation for actuaries and the average 65-year-old woman is expected to live 88.8 years. My wife’s grandmother actual passed on at 98. So, I think we all know that people are living longer. As a matter of fact, I had a client of mine who played golf, she’s 70 years old, she went golfing with an 89-year-old. So, about 20 years ago, an 89-year-old, you know, those people would not be working, they would not be golfing, they would not be active on the golf course like such or doing the things they want to do. Now, because people have taken better care of themselves over a long period of time, now people are actually playing golf at almost 90 years old. So, there is an example of longevity. And so, the question is instead of saving enough to last 20 years, you now have to build a portfolio that would last you at least 22 years. And that may seem like a significant increase but really it may not seem like very much but you know what it could be another hundred thousand more on top what you already established as far as savings. And really dealing with planning for a long life, we can’t know how much time we have obviously. Meanwhile, the major retirement decisions, how much to save, how long to work, when to take social security, how much to withdraw each year for your retirement. Hinge upon the many years you can reasonably expect to be around. So, a bigger pay-out considers other investment strategies where you can basically take an income and sustain it through your lifetime. You want to make sure that you understand what it is you’re getting. Cause if you make a mistake at this stage of the game, does the advisor pay the price, does the institution pay the price, no you pay the price. As the advisor, you do pay the, you have a responsibility to understand, to make the client understand what is going to be happening with the people and making sure that their goals are being met. That their needs are being met, that everything is being taken care of. Whatever happens if something happens to one of them, what’s going to happen to the income, how is the pension position upon the spouse of the spouses passing? How are things in line with their goals? What if there’s a market correction, are they properly balanced, are you properly balanced? And that’s really the issue. You’re listening to the Wake-up Retirement Show, I’m your host Marc Sarner. Here with you every Saturday afternoon at one o’clock, talking to you about the issues that really drive your life. You know, your retirement allows you to do the things you want to do. Make sure that you are able to do whatever it is, whether that means spending more time with the children, golfing more. But we do have a guide for you, for the first 5 callers, you want to give us a call toll free, our operators are standing by 855-920-7233, that’s 855-920-7233. We also have a social security guide as well, so ask for both of them and we will send both of them out. Operators are standing by for the social security guide you give us a call at 855-920-7233. That’s 855-920-7233 and I want to thank our sponsor Kilter Termite and Pest Control. The termite and pest control leader in the North San Diego area and you can get a hold of them for a free estimate. They’ve been around in the North San Diego area for about 20 years now and you give them a call at 858-371-2928, that’s 858-371-2928. And you are listening to the Wake-up Retirement Show. I’m your host Marc Sarner, here with you every Saturday afternoon and dealing with all issues that are relevant to your situation. You know, it is summertime, kids are out of school, grandkids are out of school. You probably want to do things with them, share your time with them, share the wisdom of your years. But you want to make sure that they understand that saving for retirement is important now than ever before. Studies have shown that the sooner you start, the better off you are and once you put that money away, make sure that it is designed specifically for retirement purposes only. They should not be extracting this money for any reason other than retirement dollars down the line. You know, so many people they actually get into their 401Ks early, they borrow against it to buy a house, they borrow against it to put a pool, they borrow against it to pay bills. They need to live for now and you know, basically there’s a real problem there is real statistics have shown that people don’t have enough for retirement and almost retirement being a pipe dream. You know, people are going to have to work till the day they die, they just don’t have enough money to sustain any type of lifespan and in retirement and you know, people are living longer as we’ve mentioned. Cost of living on the rise, taxes are only going up, volatile markets are here, proper balance is critical and so when you think about your situation, ask yourself this question, are you in a position to sustain a major correction. Are we sure, should we get a second opinion, should we go to a workshop to find out if there’s anything further we can do to improve, to enhance our situation? You’re going to want to give us a call at 855-920-7233, that’s 855-920-7233 and you’re listening to the Wakeup Retirement Show. I’m on every Saturday afternoon at one o’clock, dealing with the current events, dealing with issues, making sure that all your questions are being answered. If you have a question about your situation you can always email me at marc, MARC @wakeupretirement.net. I’d be happy to answer any questions you have about your scenario. Maybe you’re sitting there with a specific question about a specific issue, you’re going to want to give me a call or you can actually email at the email I gave you which is marc, MARC @wakeupretirement.net or give us a call 855-920-7233, that’s 855-922-7233. You can go to our website wakeupretirement.net and we will see you next week. Take care now. [
  • 86% of retirees receive income from Social Security86%
  • 44% of retired Americans ages 65 and older live alone44%
  • 1 in 3 Americans have $0 saved for retirement33%


PLAN AHEAD

When it comes to our saving habits, the statistics speak for themselves. Marc Sarner is dedicated to helping you plan ahead so that you won't have to work forever.


  • 46% of all American workers have less than $10,000 saved for retirement.
  • 40% of baby boomers plan to "work until they drop", according to an AARP survey.

  • Develop a plan to make that money last the rest of your life.
  • Understand how you can minimize your risk
  • Stay ahead of inflation and taxes

Social Security isn't enough

12.1%

12.1% of 35-54 year olds has saved $300k or more in retirement

33%

33% of Americans have $0 saved for retirement


28%

28% of Boomers & Seniors have saved $300k or more in retirement

42%

42% of millennials have not begun saving for retirement

 

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