Retire Texas Style!

The big question on Wall Street continues to be, “Have we seen the bottom?”  One well known economist says “no.”  Nouriel Roubini says anyone who believes that this will be a ‘shallow’ recession is “delusional.”  He says be ready for severe recession, severe debt, and a severe financial crisis.  Now you know why they call him Dr. Doom.  If you are close to retirement, how serious should you take comments like this?

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Here are the results of a new study from New York Life:

              1- 41% of those who are invested in the stock market said they had reduced their equity allocations in the past six months.

              2- 30% of investors in stock, bonds, and other securities made changes to their portfolio in the past six months.

              3- 37% have moved more money into cash.

Is moving the cash the answer? Can you invested and pull back risk?

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Once upon a time, the Biden Administration pushed to tax wealthy Americans more on the assets they own (retirement savings, house), rather than just their income.  That idea went nowhere in Congress.  But seven states have now introduced ‘wealth tax bills’ that try to accomplish the same thing.  Isn’t this another example of Congress looking for money and creating ways to tax it?   

Then there’s a major tax event coming in 2026.  And that’s the expiration of the so-called ‘Trump tax cuts’ (the Tax Cuts and Jobs Act passed in 2017).  What do people need to understand about this when it comes to tax planning and what should they consider for the next few years?

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How often do you think about going on vacation?  Is it every day?  A new survey (by OnePoll) found that Americans spend about 18 minutes a day dreaming about being on vacation.  (That’s more than 109 hours a year!)  If they’re spending this amount of time thinking about vacation, how much time would it take for them to create a retirement plan with you, so everyday can feel like a Saturday?

Plus, hear Steve discuss ways to keep your money safe, protected and give it growth opportunities! 

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We’ve talked before about the benefits of annuities.  They not only provide a guaranteed stream of income in retirement but can also serve as a hedge against inflation, market volatility and running out of money in retirement.  But there are so many different types of annuities.  How do you go about picking the right one?  

Call Steve today for your Annuity Stress Test!  

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Should we buckle up for another market pullback?  Then, what' s there a difference between someone who moves to safety and someone trying to time the markets?  

Hear Steve and Derrick discuss options and strategies that can help you protect and grow your income in NO MATTER what is going on in the market! 

Call Steve today for your custom Risk Analysis - STOP THE BLEEDING! 

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The list of headwinds to the economy continues to grow.  Inflation, rising interest rates, bank failures, recession, and more. Are we headed for another 2008? Think about this, if you knew that 2008 was going to happen, you probably would have made some moves with your money.  Steve explains how he can help you create a plan where you can be invested in the market, be protected from a potential decline and protect your income - find out how when you meet with Steve for your complimentary Portfolio Review! 

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The stock market continues its roller coaster ride.  Market Analyst Larry McDonald told Fox Business that he sees a 10 to 30% pull back in the next two months.  He says the Fed raising interest rates is hurting in more ways than one. So, our 401(k) is going down and our dollars are buying less.  What is your answer to someone who says, “get me out of the stock market?” 

What crazy thing would Americans do to have a tax-free future?  A new survey (by WalletHub) asked that question and found one in ten would clean prison toilets for three years in exchange for never paying taxes again!  Well, we all know taxes (and the IRS) aren’t going away.  It’s just a matter of controlling how much we give to Uncle Sam.  Hear Steve explain how he can get your a tax-free retirement! 

Call Steve today and create your tax-free future! 

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Americans think they’ll need more money to retire.  A new survey (by Northwestern Mutual) shows the new ideal amount is $1.25 million. That’s an increase of 20% over last year.  The same poll also found more than a third have not addressed the possibility of outliving their savings.  Isn’t that a bigger issue than finding the ideal “number?” 

Call Steve for your Income Review! 

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Thomas Hoenig was the President of the Kansas City Fed for 10 years.  He tells Fox Business that the deep part of the recession is still in front of us.  What’s your action plan heading into the new year? Hear how Steve can help protect and grow your income and create a market protection plan!

Call Steve today for your complimentary Market Protection Plan! 

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