Smart Money Guy - Joel Wymer

JUST A QUICK QUESTION:

How is this possible?
We created $200,000 of annual income for our clients and they pay ZERO income taxes.

Here's the breakdown of their assets:
$400,000 cash
$1,400,000 in brokerage account
$2,000,000 in traditional IRA's
$750,000 home with no mortgage

SMART MONEY TIP OF THE DAY:

The Inverted Yield Curve (yes it's a thing) And The One Thing You Need To Know. Are you ready?? Here it is!!!

Have a plan and stick to it. Forget about all the "noise and distractions" you get daily from the news and financial press.
That doesn't mean bury your head and hope that all will work out in the end... It rarely does. What I mean is this:

When we meet with new people, almost everyone who walks through the door brings in a pile of folders, statements, policies, loose papers, envelopes, etc. and they slide it across the table and tell us it's their financial plan. IT IS NOT... it is simply a collection of things they have acquired over the years that were a result of what they and different advisors recommended for different reasons. Things like IRA's, 401k's, insurance policies, mutual funds, bonds, annuities and more. The million dollar question is what is the plan to start tapping into these things to create the one thing that goes away when you stop working - namely your paycheck!

To be even more specific, which order from these accounts should you be withdrawing money and exactly how much money should you take from each account for each and every year into the future? When you know the answer to those questions then and only then will you know how long each account will last you and when to move from one pile of money to the next. That is a financial plan and it's goal is to do one thing.

GIVE YOU COMFORT AND ASSURANCE THAT YOU'RE NOT WINGING IT AND YOU WON'T RUN OUT OF MONEY BEFORE YOU RUN OUT OF DAYS ON THIS EARTH.

This is what we are passionate about and what we do every day. We want to do it for you because we love you, we know how much you love your family and we love adding good people to our business every day. God bless and have a great weekend!

Join Us On November 14th At The Aurora Cinemark Therater For A Screening Of This Powerful Documentary. Your Retirement Accounts Will Thank You

Watch the trailer and get your FREE tickets at the link below.

Join Me at This Tugg Screening of The Power of Zero Please join us for an exclusive one night only screening of this powerful movie. You will never look at your money and retirement accounts the same way again!

OUR NEXT ACT PREP CLASS IS TUESDAY AT 6:30 PM. PLEASE RSVP AS SOON AS POSSIBLE TO SAVE A SEAT FOR YOUR STUDENT

SMART MONEY TIP OF THE DAY:

It Doesn't Matter What Party Is In Control Because There Is A New Party For Americans And That Party Is.... MATH

The Math Doesn't Work. But Please Hear Me... I'm Not Saying That It Has To Harm You. I'm Saying That You Have An Unprecedented Opportunity That You Can Take Advantage Of!

Grandma and Grandpa you may be the only hope for your kids and grandkids but you must act now and take advantage of this opportunity. It may literally save future generations of your family. All it takes is 45 minutes and you will be so crystal clear on what you need to do that you will want to buy me coffee and a donut and walk me to my car for helping you to see the answers.

America’s Entitlement Crisis Just Keeps Growing | National Review Social Security & Medicare might be in even worse shape than you thought.

MOST INVESTORS POSSESS A HOOK UP MENTALITY WITH STOCKS/FUNDS
According to the New York Stock Exchange’s extensive database, the average holding period for stocks in 1960 was 8 years, 4 months.
As of December 2016, it was 8.3 months.

We are at 8 plus years of a bull market. That means most of you are about to dump the stocks/funds you've been holding for the last 8 years... but you won't do it until AFTER the market takes a dump of 30% or more

This is a very good article about the problem with how today's retirement planning is framed...

Advisors, news media and Wall Street promote asking the WRONG QUESTION which is posed in a number of different ways.
- What's your magic number?
- Is a million dollars enough for a safe retirement?
- What is the safe withdrawal rate in retirement?

The RIGHT QUESTION is:

How much guaranteed income will I have in retirement that I will never outlive...
- No matter what my rate of return is
- Regardless of market losses or economic downturns
- No matter how long my spouse or myself live

TRUTH BOMB: Ask 50 advisors how you should retire and you'll get 50 different opinions. There is only one optimal way to plan for retirement. You must use math and science to make sure you get it right... there are no do overs.You can never save enough money to last you the rest of your life at today's life expectancy... because of one word - INFLATION
The model of trying to save a nest egg big enough to last your entire life no longer works. Your choice is either get smart or go broke slowly

The Million-Dollar Retirement Question is All Wrong Focusing on how much you need to save and how far it'll go doesn't exactly ensure you will have enough income to last you for life.

SMART MONEY TIP OF THE DAY: PLEASE DON'T READ THIS IF YOU DON'T LIKE YOUR MONEY

Some Numbers You Need To Know

Fact: There are 74 million Baby Boomers
Fact: There are 66 million Generation X'ers
Fact: By 2030 every Boomer will be age 65 or older
Fact: Gen X'ers follow the same pattern for the following 20 years
Fact: By 2050 fully 40% of the country will be age 65 or older
Fact: Social Security and Medicare are already underfunded
Fact: There is $18.4 Trillion in tax deferred plans (never taxed)
Fact: There is only $660 Billion in Roth IRA's (already taxed)
Fact: 90% of the people in this country have no money, while 10% of the people have money

Question: Where will we get the additional revenue we need to meet our promised obligations for Social Security and Medicare? Can it possibly be from the 90% who have no money or will it more likely be from the 10% who have money?

Please do the math. Taxes MUST be higher in the future!
If you are one of the 10 percent are you okay with them coming to take your money? If you could control how much they take in the future by doing a small amount of planning today, would you?

You're sensible people you must think this out for yourself.

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