Making Retirement Money Last

0:00This is Retirement Renegade Radio with Andrew Winett and co-host Melissa Carter. Presented by Retirement Renegade, the premier financial source for the underdog retiree. And you can hear it all right here. Have a question for the show. Do I need life insurance? I want to leave an inheritance. Should I withdraw from my IRA or my investment? How do I know my advisor is right for me? 800, 674, 98, 98. That's 800, 674, 98, 98. 800, 674, 98, 98. Again, 800, 674, 98, 98, 98. And if you call that number, if you're one of the first 10 to call that number, we got something for you. It's called the Joseph Strategy, which is Andrew's book. It's first book that kind of started everything. Now he is, you know, a producer, executive producer. There's a lot of films, has other books as well. But let's get you the first one in your hands, the Joseph Strategy.

1:01Be one of the first 10 to call 800, 674, 98, 98. To get your hands on that again, 800, 674, 98, 98. Welcome to Retirement Renegade Radio where your leader and safe retirement strategies where we're fighting for your financial security. My name is Melissa. And here is Andrew Winett. Andrew, my friend, how are you this week? Oh, Melissa, we are in World War III. It seems like lots going on, you know, I was reminded of, you know, I'm looking outside right now and seeing the trees blooming. And it kind of reminds me of that verse where, you know, in the spring, when kings go out to war, you know, and then David stayed back and got in trouble. Well, it seems like springtime is when the world kind of goes to war. We did it last spring or so. I mean, it was in the summer, but it just seems like we can't go a year without doing something militarily. And guys, I will say I'm going to cover a lot of ground this first segment.

2:02So stay engaged. Stay tuned because I'm going to give you some ideas and some insights that you may not have heard or thought about. Here's why I'm so concerned about this war. And I actually do think it could be potentially and probably is the beginning of World War III. So Trump, obviously, when he won in November of 24, he had a sweeping mandate. He won handedly. But one of the things that he campaigned on that we all kind of bought into at least the majority of the population did is no endless wars. No routine change wars, no sending our children to die overseas in useless, pointless wars. Well, here we are. And we're going to have boots on the ground in Iran. We actually already do. And I think this is an absolute disaster for our country. It's a disaster for Trump. It's probably going to be a disaster for the midterms. And it likely will be a disaster at the end of Trump's term in 28 for whoever's running behind him.

3:03JD Vance or Rubio or whoever. Because you're breaking our trust. You know, we don't want to do this. The approval rating for this war was 20%. 80% of America did want to do this. And here we are. Now, let's talk about some game theory about why this is really bad. So we kill the leader. I'm any. Okay. And people don't understand that Iran is not a autocratic monarchy like the GCC countries, the Gulf Coastal countries like Saudi Arabia, United Arab Emirates, Bahrain, Omar, Qatar, Kuwait. Okay. Those six countries are autocratic monarchies. Whereas Iran is a theocracy. And the theocracy was led by. Come any or home any. And he's not just a leader of Iran. He's the leader of the religious sect of Islam. The Shiites.

4:04And so you didn't just kill the leader of Iran. You kill the leader of a religion. And what we're seeing guys, everything you may know about warfare, you have to throw it out the window because we're not fighting a war that we have any grid for. You know, from World War II or Vietnam or desert storm or what have you. No, we're fighting a religious war now. And here's where I'm concerned. Okay. Let's let's just talk about a few things quickly. Iran has 80,000 drones. Now, I don't. And by the way, Trump, a week before we move forward with Operation Epic Fury, he was warned by the Pentagon and the national intelligence community that the national intelligence council, rather, a week before that there is a very, very high probability we will not win. But he still did it anyway. You have to ask yourself, does it even matter what we want as a country? Or we kind of at the behest of Israel of Netanyahu. I mean, Netanyahu came to see Trump seven times at the White House.

5:08Why? Why? You know, they've been wanting this war for Iran with Iran for 25 years. And so Iran has 80,000 drones that cost between 35 to 50,000 each. And they're launching these and having massive success. And we're not hearing about the total devastation that's taking place. In the US bases, the GCC and Israel, it's not, they're not telling us what's really going on. In fact, I would venture to say we're being propagandized by the media where they're downplaying what the effectiveness that Iran is having. They have, you know, Israel without Trump's go ahead blew up the Iranian oil refineries. Well, soon as that happened, they launched ballistic missiles and they blew up Israel's oil refineries, which is about 50% of their oil needs. And they've also hit Tel Aviv and Jerusalem badly. And if you look at, if you're able to find the videos that aren't being censored, I mean, it looks like Gaza.

6:12I mean, it's really bad. And the thing is, is they have 80,000 of these drones that cost between 35 to 50,000 each. When they have a range of 2,500 miles. Well, when they launch them, in order to intercept them, we have to launch what's called either a Thad missile, which costs 1 million each, or a Patriot missile which costs 3 to 4 million each. And often these missiles miss, and so you have to launch multiple of the interceptors to take out one drone. Well, we're seeing that they're not even trying to intercept some of them because their munitions are running low. Our country is going to South Korea and Japan and the Philippines, and they're saying, hey, I know we've got bases there. We need some of those munitions because they are, these drones are easy to hide. You can, they're very importable. They can make 500 of them a day. They were, they were shipping them to Russia for the Ukraine war.

7:12They're really good at them. And as we've seen over the last week or so, they have been blowing up the GCC countries. And let me explain why that's really, really bad. About half of the world's oil comes through the strait of hormones, okay? And when they start hitting oil refineries, those six GCC countries, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Omar Qatar, etc. They can't grow food, so they export oil to import food. Well, think about it from China's perspective. They were getting oil from Venezuela, we took that over. They were getting oil from Iran, Israel bombed their refinery. If they get, if they lose the oil exports from the GCC countries because Iran has blown them up with their drones that we can't intercept because of the sheer magnitude of drones they have, it's literally a war of attrition.

8:14You're going to force China's hand, you're going to force Europe's hand, and Europe's already trying to get involved. For example, Qatar, they're the largest exporter of liquid natural gas, and Europe needs the liquid natural gas because they stop buying from Russia when the Nord Stream pipeline blew up and when the Ukraine war broke out. So they're buying some from us, but they're also getting a lot from the GCC countries. This is the point guys, we saw this with Pearl Harbor. When Japan, we cut off 80% of their oil exports and forced their hand to attack us. You can find this on Wikipedia. Well, as I talked about a lot until, you know, the last handful of decades when they were being honest, but it's absolutely the truth. When you shut off the energy supply to these big countries, they have no choice but to get involved. And right now, if those GCC countries can't export oil, that means that they're going to have a hard time importing food in exchange because they don't grow any of their food.

9:14They import all of it. Then you start seeing desalinization plants, which is how they get all their water because there's no water on those deserts. Those start getting blowing up, which they are right now. Now they can't get water. And this is how those autocratic monarchies have revolutions from within. We're already seeing it. For example, Bahrain is 50% Suni, which is more of the peaceful Muslims. They're a little bit more driven by materialism and money. But they also have 50% Shiite. And it's run by the Sunis, but they're blowing everything up in Bahrain to create, including their water, their desalinization plants, to create a religious war. And what's going to, I believe, happen is these GCC countries are going to get so fed up with America because you were supposed to protect us. We let bases into our countries because you were supposed to protect us, but we're not able to stop the onslaught of these drones and ballistic missiles.

10:15All of them that Iran has because they have so many more than our munitions can intercept. Think about why America is the big bad empire. There's two reasons. Number one is because of our military. But if we have no munitions and it takes a decade to replenish them, and let me tell you guys, we are running out of munitions. I don't care what the Trump says we are. We wouldn't be going to our bases and depleting them around the world if we weren't running out of munitions. We are absolutely running out of munitions. So if that's the one big reason, you know, we're the big empire is because of our strength in our military. And then we lose the petrodollar, which is why were the world's reserve currency. If that goes away, we're screwed, guys. And that's where I believe we are going to see other countries get involved when you affect the oil and the energy. And it's just shut off for many of these countries like China, Japan, Europe, you're going to see other countries get involved.

11:18Now a couple of final thoughts. India. Now Modi, Modi was over with Netanyahu two days. And that's that's unprecedented. He was there for a few days, but it was two days before we launched this war with Iran. Why would a leader, by the way, the leader of the most populist country in the world, more than China? Why would they be cozying up to Israel or rather why would Israel be cozying up to India? And this is one thought that I had. I believe that Israel knows that sentiment in America is changing. That people are starting to catch on to Netanyahu's ways. They love the Jews, but the government is just relentless with their wars. I believe they want a highgemony. They want to be the ultimate superpower in the Middle East. They want absolute control, which is why they're willing to take on Iran and use us to fight their war for them so that Iran can be disabilized, you know, fractured because of the other different ethnic groups.

12:19You know, fight over water, you know, and be in a constant civil war so they can be controlled by the highgemony, which is Israel, the superpower. But I think that Israel is cozying up to India because they know that India over the next few decades is going to be the future leader of the world. They have the strongest demographics of any country. They have the tech. They also have a environment that is ameniable to the Jewish faith. And so could it be that Israel is dragging us into a war that's going to deplete our resources and ultimately potentially set off a global financial depression or recession. And the petro dollars no longer being honored. We're being kicked out of the GCC countries because they're there an absolute ruin and all of a sudden a new superpower merges and that new superpower. It's not China. It's India. And that's what I'm concerned about. So as I wrap up the segment, I will say this.

13:21This very well could be the undoing of America. I believe Trump bit off more than he could chew. And I am very concerned that this is going to spiral into something massive. Just to leave you with this, I ran launched a missile at Turkey. And the Turkey is the behemoth of the Middle East. They have way more firepower, way more sophistication. There are nuclear nation. There are NATO nation. And now NATO is already saying, is this enough to enact Article 5 where NATO gets involved? You see how this could spiral out of control. The point is guys, we are headed for choppy waters. Oil is going to be going up. And if you're concerned about your retirement, you need to reach out to us now. Because this could be the beginning of World War III. It may not. Maybe Trump is able to rein it in. But I think he did fight off more than he could chew. If you're concerned, you want some help about protecting your retirement, give us a call now. 800-674-9898.

14:21Again 800-674-9898. And we'll be back with retirement ready to get radio right after this. Your money matters. Protect your retirement income with a 15-minute call today. 800-674-9898. That's 800-674-9898. Hello everyone. This is Andrew Winnett from Retirement Renegade. Just wanted to let you know that you can now take our show with you on the go. You've got to get a game plan that's easy to follow, simple to understand, and that protects you from the market's arrows, if you will, that are trying to pierce your portfolio. Retirement Renegade is now available to stream. On Apple Podcasts and Spotify. Simply log on, search for your retirement Renegade and enjoy. Guys, don't procrastinate anymore.

15:24Don't bury your head in the stand like an ostrich. No one else is going to take care of your retirement. You have to be the one that initiates them. Welcome back to Retirement Renegade Radio. 800-674-9898. Again, 800-674-9898. Welcome back to Retirement Renegade Radio with Andrew Winnett. My name is Melissa. And gone are the days when retirees could rely heavily on substantial external support, like social security and robust corporate pension plans. And today, not only are pensions a fading memory, but the reliability of social security benefits is also increasing land certain, placing the burden of securing a financially stable retirement more firmly on individuals. So, Andrew, is a financial advisor? What do you feel are some of the greatest risks that threaten financial security during retirement? Well, there are many. And by the way, guys, if your advisor is not talking about social security being reduced

16:24and factoring that into your income plan, you need to find a different advisor. We're one of the only advisors that actually talk about this. And we've been talking about this since 2021. And so, you know, it's really important that your advisor is not the eternal optimist where everything's good. Everything is good today and therefore everything will be good. You know, social security is just fine. Trees grow to have in. You know, we have no financial mismanagement as a country. You know, the debt's not an issue. The market's always going to go up. Social security will stay funded. If they're doing that, you are going to be fixed and have a rude awakening in the middle of your retirement. And that's the last thing you want is to be potentially forced to go back to work. So, for the love of all things sacred, please, if your advisor is not talking about this, you need to get a second opinion. And we're here to help you. But there's a couple of things that do contribute to the risk of running out of money. And I'll give you a couple.

17:24Number one is increased life expectancy. So they're saying now that within a couple, probably, I'd say 10 to 15 years, they're going to for sure by 2050 Stanford research already said that a few years ago. But very likely sooner than that, they are going to have the answer to what's called the rejuvenation loop. Rejuvenation loop is basically where your cells and your mitochondria are given certain types of protein or DNA or whatever. I'm not a scientist, but it allows your cells and your mitochondria to rejuvenate themselves. And so people are going to be living a heck of a lot longer. And they can do certain blood panels and figure out where the deficiencies. And with AI technology, they're able to come up with the solutions a lot faster. Those are rejuvenation loop and people are going to live a lot longer. So that's the first one is people are going to outlive their money in a big way.

18:25Second is market volatility. So as we see wars break out across the world. As we see the debt, bombs begin to implode as we see harmful litigation with the laws in our country giving us or taking away our private property rights with securities. All of this is going to have, it's going to be problematic for people with their, you know, harder retirement savings. So market volatility is going to be an issue of inflation, of course. You know, we think inflation is going to continue to go up into the late 2029 area and then 2030 and actually peak around 2032 before it begins a deflationary spiral, which is also not good. In fact, some, some economists say that deflation is actually worse than inflation. We'll get into that now, but inflation is going to be an issue.

19:26Taxes potentially could be an issue. I personally don't think the taxes are going to go up into material way in the near future, but obviously 20 years down the road that can happen. And then of course, rising healthcare costs. Let me tell you, Medicare is an absolute disaster. Oh my gosh, you guys, we're seeing that now. Our healthcare is so broken. And I'm not hearing any good solutions. I mean, by 2028, the total healthcare costs for America is going to reach 8 trillion. And we bring in only 5 trillion in tax revenue here. It's a, it's a disaster. It's an absolute disaster. So the point is increase life expectancy, market volatility, inflation, potential rising taxes down the road and rising healthcare costs. All of these could contribute to people running out of money before they run out of life. It threatens your financial security and you got to have a plan. You've got to have a plan that factors in these curveballs.

20:26And frankly, guys, it is what it is. Most advisors do not talk about this. A lot of it is because the mothership won't let them for liability reasons. They're not willing to tell the truth and be honest about some of the problems, the cracks in our foundation. We talk about it all the time because we don't want the blood on our hands. Our job is to tell the truth, to get the word out. And what you do with it's up to you. But we want to make sure people are prepared. We don't want there to be any surprises. We want there to be peace of mind, security, fun, jubilation, excitement and retirement. The last thing we want is dread, fear, panic, anxiety and you dying early. That's not what we want. We want a long, happy, prosperous life. Yeah. Again, 800, 674, 9898 is the number to set up that appointment with Andrew and the team. 800, 674, 98, 98. Now in your experience, which issue do you find that most retirees struggle with the most

21:26when planning for their financial security? Picking up the phone and calling us. No, it's procrastination. You know, it's human nature. I mean, I know I'm a procrastinator. I know I need to do something and I should probably get a jumpstart on it, but I wait until the last minute. You know, Christmas shopping is a great example. You know, I mean us guys, boy, we struggle with this. I would say by and large. You know, I'll be out walking the mall at, you know, six o'clock on Christmas eve. And I'm like, oh, man, I got to pull a rabbit out of a hat and end up finding myself at zales and dropping thousands of dollars. And it always seems to work out. You know, the L Mary pays off, but I'm a procrastinator. It's normal. You know, so I think that procrastination is one of the biggest. And what can you say to make people do something? It's so challenging to say, hey, we all know we should start saving earlier.

22:29We all know that we should find the right advisor that's aligned with our goals. We all know that we should, you know, not eat that extra bag of thinments, you know, drove by and saw somebody selling Girl Scout cookies recently. Oh, did I get a visceral reaction to my body? It's like holy cow, we better not stop because I know myself and I'll order all of them. But, you know, we all know we should do the right thing, but we just sometimes don't. And so it's in your, the way that I would encourage people to do the right thing was the way that Jesus did. And the way that Jesus motivated people. And sometimes I think we miss this because of bad teaching or whatever. Presuppositions, maybe Jesus taught with our self interests in mind. He knows that people are motivated way more about themselves than they are for doing what's right or have blessing others.

23:29It's in your best interest to serve others, right? It's better to give them to receive. Why did he say that? Is it because it's financially better to give them to receive? Well, yes, but also I think more importantly, the joy that you get from giving versus receiving is far greater. You bless that person on the side of the road. It makes your day. Not because it materially changed their life because it blessed your day more. Jesus knew when he gave these kind of parables and paradigms and weird, you know, the last shall be first and the first shall be last. Like, what the heck does that mean? Well, there's something about when you understand that serving people are doing what's right is actually in your best interest. It makes it that much more desirable to do it. When you do something that is the right thing, but it is in your best interest, you're more likely to do it because you understand, hey, it is in my best interest to pick up the phone call, get my retirement plan lined up because no one else is going to do it for me.

24:32And I'm going to be better off in the long run for it. My family will be better off than long run. My community, do you have enough to finish the task? You need to plan out where you want to go. And sometimes people don't know that and that's where an advisor can be helpful because they can ask the right questions that bring that out. And then they put it on paper. And guys, until something's put on paper, it's never going to happen. Write down the vision and make it plain. We're not a one-size-fits-all, one-trick pony firm. The first meeting, it's a three-step process, but the first meeting is, what are your goals, your dreams, your desires, your concerns, your objectives and retirement? It's all about learning where you wanting to go. And you may not know fully, but that's where we can help with the right questions. Once we get that, then we go over taxes with you. We create an income plan. We give you some recommendations. And we don't try to move money on the second meeting. Typically, that's just for the planning. The third meeting is designed now that you know what our recommendations are.

25:33That's where we can, of course, answer any questions and start that process of becoming a client. Three-step process, and by the end, you're going to have a lot more clarity of where you're going to plan your dreams. And again, that number is 800-674-9898-800-674-9898. And we'll be back with retirement early game radio right after this. The check engine light is on in Washington. But politicians keep driving the car as if nothing's wrong. There it is again. It's Social Security. A new government report says the Social Security Trust Fund is projected to run out by the year 2034. If that happens, it would cause all beneficiaries to take more than a 20% cut to their benefits. What does that mean for you? When should you start taking benefits? When should your spouse? And how do you get every dollar of Social Security you're entitled to? Learn more about your options by setting up a visit with Andrew Winnett at Retirement Renegade.

26:37You only get one chance to claim your benefits. Make sure you get it right. Call 800-674-9898 now to set up your visit with Andrew Winnett at Retirement Renegade. That's 800-674-9898. Find out ways to get every dollar of Social Security you're entitled to. Call 800-674-9898. Firm offers insurance services and is not affiliated with the U.S. government. Having those difficult conversations is necessary. It is somewhat like a hallmark movie when you come into the office. I tell people all the times who is our slogan here, the best is yet to come. Welcome back to Retirement Renegade Radio. 800-674-9898. That's our number 800-674-9898. Hopefully you've called it or you can pass it on to a friend if you have. 800-674-9898. Welcome back to Retirement Renegade Radio with Andrew Winnett. Andrew Winnett, my name is Melissa, and as we enter Retirement and the subsequent stages of life, the financial landscape becomes increasingly complex marked by rising inflation.

27:40Stock market risk and shifting tax obligations. So, Andrew, let's explore how retirees can best manage these financial pressures, beginning with the challenge of stock market volatility. Well, that's a great question and I will reference my book, The Joseph Strategy. By the way, we've got 10 copies we're giving out. And so, if you want to get a copy of this, give us a call. And we'll give that number out a moment. But in the story of Joseph, in the book of Genesis, if you're unfamiliar Joseph had a crazy life, you know, he was sold into slavery by his brothers. He had his big calling on his life, but his family kind of rejected him. And it's this wonderful wild story about him going from, you know, being sold into slavery to working at a wealthy politicians home and being accused of sexual misconduct, when he was completely, you know, pure and, you know, didn't do any of that crazy stuff that he was accused of,

28:43to thrown into prison, frankly, unnecessarily and unfairly. But he had this excellent spirit within him. He also was gifted with dreams. And he ended up rising to power and basically being put in charge of all of Egypt. And the wisdom that he had to interpret a coming season of wild abundance, followed by a coming subsequent season of crazy famine. And the strategy that he had to basically get Egypt to not just survive, but actually prosper and thrive, he was made second in command of the entire country of Egypt and had all control and authority. And only Pharaoh was above him. The metaphor is applicable to your and my life. And we have these seven years or these this season, if you would, of wild abundance.

29:47And that's our working years. And we're saving money. We're kicking butt. It doesn't really matter what the market does because we're, we have time to recover, time to recuperate. We got a paycheck coming in. But then we get into the season of famine, which is our, the self-imposed retirement. And this is where all the money that you were ever going to make actively is all the money that you're ever going to have. You're not going back to work, at least not ideally. And you've got to make this money work. This is the famine. And it's got to last you through the rest of your life. Well, unfortunately in the story in the book of Genesis, a lot of countries were unprepared. And they ended up basically becoming slaves, although Joseph was very generous to them and made sure that their families didn't suffer and die really of starvation. And he ended up restoring to them. And this is in Egyptian history. He restored back all the lands that were ultimately sold to him just so that they could have food in their valleys.

30:53It was a real, so fast in a story, I go into it in great depth in my book. But our lives are very similar. Again, we have these working years followed by retirement or famine. Then you also factor in market volatility like wars. Or you have cycles in our country where every 80 years, we kind of start over with these cycles. And we're finding ourselves in the middle of not the fun cycle, I would say, but the reset cycle. And this is where all the viciousness happens. This is where the wars typically happen. The great depressions typically happen. And if you look at the stock market, there's usually these 15 to 20 year periods of bull markets, followed by 15 to 20 year periods of bear markets or flat markets. And we've come, we've just come out of one of the most unbelievable wild fun bull markets in American history. I'm afraid to say we're probably going into probably one of the most extended and unfun bear markets in the stock market and probably American history.

31:56And it's going to lead to a lot of change. That's why I'm, you know, just wrapping up this movie, the retirement reset, which will make available to you here shortly. The point is though, is market volatility is going to be here to stay. And as you get older, it's not so much about how much do you earn? It's how much do you not lose? When it comes to your IRAs, your 401ks, your 403b's, your 457's, your thrift savings plan, the pre-tax accounts that you've not paid any taxes on, you've got, that's the most vulnerable money you have. And you have to have a strategy so that you can decumulate that efficiently during your retirement. It's the worst money to leave behind. And with, you know, taxes the way they are, 50% of the time rough conversions don't make a whole lot of sense. Sometimes they do. Sometimes it can be a wonderful strategy, but sometimes they're not. And that's where you need somebody to help you run the numbers on taxes, which we can help you.

32:56Just give us a call and we'll do that. But the point is, is that you need somebody who can help guide you through those volatile times. When you're getting started in your career, you can afford the ups and the downs, right? The market's up 20%, then it's down 15, then it's up 25, then it's down 4, and then it's up 4, then it's down 27. The ups and the downs, it's all good, you can ride it out. And some people love that roller coaster ride. But as you get older, you've got to be a little bit more conservative. Now, if you've got five to ten million bucks saved, that's a little different. You could probably afford a little bit more volatility if that's your personality. Which, what I've noticed is that it's so funny. Because I meet all kinds of different people from different walks of life and different networks. What I find is usually the zero to one million dollar crowd is split right down the middle, where some of them are super risk-averse and some of them are like,

33:58let's go down to the local casino and put it all on red. It's 50, then you get from like the one to five million dollar crowd. And I would say it's probably 70% are more open to some risk and 30% are open to no risk. And then you get from five to ten and those guys are very open to risk. Because they know they've got time to recover and recuperate. They don't need to withdraw, you know, and they're not, they're not going to run out of money. But then you get to the 10 million to 50 million dollar crowd. And it's so funny because the ones that I've met from 10 to 50 million, almost none of them. This is, it's so fascinating. Almost none of them long term was a good older, want to be in the stock market because they lose. It's so interesting, the different bands of people and their net worth and their outlooks. Now, of course, there's always exceptions, but there's always exceptions to the role this is generalizations.

34:59But you look at the super, super wealthy and it's funny. You'd think the people who are worth 10 to 50 million, they're like, oh man, they're probably all their monies in the market and some of them do, but a lot of them that I've met, they just, they're tired of the stock market. They know that they're not in control. They risk to gain what they have. The last thing they want to do is risk to lose what they've obtained. And so they want kind of guarantees and safety. But the point is is that market volatility is not as important about when it's happening in our country's history. It's more important about when it's happening in your lifetime. Because when you're younger, it's okay. You, you can recover. You got that paycheck coming in. When you're older, it matters greatly. Because if you retire into a bear market, you can potentially be hastening the depletion of your portfolio unnecessarily because you're pulling from it as you need it to live on. And so we don't want that for you. There's strategies to this and we want to get the obviously the Joseph strategy in your hand.

36:00But we want to get an income plan in your hand where we can show you how we can make your dollars stretch further. Often 40 to 60% further for income. Completely safe from market volatility. No risk of loss. No fees. You don't have to put all your money in safety. But at least have some of it in safety where you've got a guarantee paycheck coming in for life. Do you know how much peace that brings? It's a play check. It comes in. You spend it. You enjoy it. Because it's coming in the next month. You know. So anyway, get your hands on the Joseph strategy. Give us a call. We'll get you an income plan. Get some of your money out of the market volatility. And you'll be better off for in the long run. And we'll prove it to you based upon the numbers. And again, that number is 800-674-9898. 800-674-9898. You know, Andrew, you mentioned about, you know, market volatility. You mentioned a little bit about taxes. But the other thing, you know, before we, you know, take a break is about inflation.

37:02Because I think we've been sensitive to it the past couple of years. But when things are good, people tend to ignore that. And that is a very important piece of that retirement strategy, right? That is correct. So as inflation goes up because of our debt, before 1913 with the Federal Reserve, when it was created in secrecy on Jackal Island outside of Georgia, and the Federal Reserve was created, we had unending inflation. The inflation comes out of Washington, D.C. out of a Greek temple called the Federal Reserve. That's where inflation comes from, printing money. The problem is, is that we are at a point of no return, where we have to print money just to pay our interest. And so inflation is going to continue to go up and up and up. And if your money is not keeping up with it, then your purchasing power is going backwards and eroded slowly over time, sometimes rather quickly. So yes, inflation is 100% going to be a problem, at least over the next six to seven years,

38:08before we have a deflationary environment. And in an inflationary Fiat currency system, deflation is the kiss of death. Because people put off purchasing something because it's going to be cheaper tomorrow. And so it becomes a self fulfilling prophecy where, hey, I was going to buy a car, but it's cheaper tomorrow. So I'll just wait. And then tomorrow it's cheaper in a month. So I'll just wait. And all of a sudden the car company goes bankrupt because no one's buying cars. Right. And so the deflation is actually really bad if you're on a Fiat currency, which we are, we can thank Mr. Nixon in August of 1971 after we were taken off the gold standard. But deflation in otherwise is actually really healthy for an economy. But we'll never go back to that because he controls the money controls the world, as Henry Kissinger said. And the bankers aren't going to just roll over and give up their power. So we'll be in an inflation induced Fiat currency system until probably, I don't know, you know,

39:10Jesus comes back. Till that happens, you better count on inflation. It ain't going anywhere anytime soon. Well, the number to call is 800-674-9898. Again, 800-674-9898. Go ahead and make that call and we'll be back with Retirement Renegade Radio right after this. Your money matters. Protect your retirement income with a 15-minute call today, 800-674-9898. That's 800-674-9898. Hello, everyone. This is Andrew Winnett from Retirement Renegade. Just wanted to let you know that you can now take our show with you on the go. You've got to get a game plan that's easy to follow, simple to understand, and that protects you from the market's arrows, if you would, that are trying to pierce your portfolio.

40:14Retirement Renegade is now available to stream on Apple Podcasts and Spotify. Simply log on, search for your Retirement Renegade and enjoy. How often should you be talking or meeting with a financial advisor? Well, that depends. If your advisor is not reaching out to you at least once a year, it's preferably twice a year, potentially you may need to reconsider another advisor. Welcome back to Retirement Renegade Radio. Our phone number 800-674-9898. I know you've called it, but let's let other people who may have hesitated to call. Go ahead and get that number again. 800-674-9898. Thank you again for being part of Retirement Renegade Radio. We're going to go back to the year 2008 in our Retirement Renegade Radio time machine. Are you ready, Andrew? I'm ready. I know you have a lot of experience with what happened back then,

41:15but here are some, you know, pop culture, some news highlights, some of the top movies of the box office back in 2008, the Dark Knight, Iron Man, the first one taken in Slumdog Millionaire. I forgot about that movie. I love that movie. Breaking Bad, debuted on television. We had a presidential election, it was Barack Obama, who was elected president, and Bernie Madoff was arrested and charged with securities fraud in his Ponzi scheme. So, you know, some of those things I can't believe it's been 16 years ago. I know. Boy, the Dark Knight was a good one. Iron Man taken. Man, that was one of my favorites. Boy, if that doesn't piss you off and make you want to go after the bad guys, you know, that was a great movie. But when somebody says 2008, what I am reminded of is when I was working at Wells Fargo. 2007, 2008, I was working at the bank and I was just starting to dip my toes into the investment world. And I was so hyped up on this one stock.

42:17I mean, this is when the market was crushing it. This is a little bit before, oh wait, really, 2007. And there was this stock. It was called Zion Oil and Gas. And it was this oil company in Israel. And it was basically referencing all these prophetic scriptures back in the book of Genesis and Ezekiel. And it was talking about how Israel is going to strike oil. And I'm like, holy cow, this is so cool. You know, it's prophesied thousands of years ago and they're just striking oil. And it was so powerful about in the latter books in Genesis when I think it was Jacob was blessing his 12 kids. And he talks about, you know, one of them is going to strike oil or one of them is going to have oil and talks about the area. And I was just so excited about this stock. And I was investing in it. I was getting my friends and family to invest in it.

43:17And then a wait happened. And on average, everybody lost about 40% in their portfolio, some a little bit more. You know, I just started my kind of investment journey, if you would. And when the stock market crashed, that stock did not go down 40%. That stock went to zero. And I had to look my friends and family and my wife in the eyes and say, I am so sorry I was wrong. I lost your money. Now, by the grace of God, you know, that shameful, terrible experience that I had to go through was somewhat small because I just started dipping my toes into that world at the time. But the guy next to me at Wells Fargo, this dude was big time. And he had hundreds of clients. And I got to see firsthand good people in their 70s and 80s. Come into this local branch, ready to physically fight this advisor because this guy lost 40% of their money.

44:21And they knew they didn't have enough to make it all the way through retirement. They were traveling, going to Rome all the time, you know, hanging out with the grandbabies, doing yoga, eating out every day, living the dream, living their best retirement. And now they knew they were going to have to come out of retirement and go back to work, you know, standing on their feet for eight hours a day at Lowe's or Home Depot or, you know, Starbucks and their new boss has face tattoos and lip rings and purple hair and they're weird and they're the age of their granddaughter. And this is their life now and they're not happy. And I just saw how painful it was for these people, you know, this was across the board. I mean, this is not like an isolated event. It happened to everybody. And if you needed that money at the time and you were pulling from and living on it, you know, during your retirement, it was bad news across the board.

45:22And I'm afraid that we're going into another, I don't know if it's going to be as bad, but for sure it's going to be something. And I'm worried about it and I'm trying to get everybody as prepared as possible. Now here's the thing, the narrative. This is so fascinating, the narrative in 07 from the chairman of the Federal Reserve and all the secretary of the United States Secretary of the Treasury. I think it was Timothy Geithner at the time, Ben Bernack, he was the Fed funds director and chairman and all of them, they were all the economists, all the news channels, everything's as strong as an ox, everything's good, everything's going just fine. Meanwhile, you know, they were, they were pivoting the federal funds rate, they were lowering the interest rates because they knew what was coming, but they lied to the American people. And that's exactly what's happening now. They're lying, they're lowering interest rates and they know what's coming.

46:25And by the way, we're way worse than we were back then when it comes to our debt. We can't do the monetative easing if you would that we did two weeks after Barack Obama got in. We can't just do that anymore because we can't barely afford our interest payments right now. So we don't have the same tools in our toolbox. I'm afraid this one, we're going to have to go through it and it's going to last longer because we don't have the same tools. Now we'll see, we'll see what happens, but I don't want anybody to get surprised like millions of Americans did. No one wants to have to go back to work or defer retirement for years. That's never fun, but anyway, you know, you mentioned, oh, wait, and that is I probably still have PTSD to this day. I'll never forget. I'll tell you one other quick thing. So it's it's just blazed in my mind where I remember I was at the bank and I was watching the news.

47:25And they were talking about the Dow has dropped the most in American history and it was seven hundred and seventy seven points. And I just was like holy cow this it's like the bottom was falling out the worst single day drop in American history. And by the way, since then we've had way bigger drops than that because the Dow is so high. So I don't want to see that again. I don't want to see oh my gosh, the Dow has dropped four thousand points in a day, right? Or whatever because that pretty much would be the equivalent hard to imagine, but man history repeats itself. Well, we've done so much, you know, mismanagement that we may see it again. Well, you know, and talking about 2018 is like you're trying to learn from history. I know that, you know, homes and home mortgages were was a big culprit in that. And, you know, homes fell back in 2008 felt 12.4% just during the fourth quarter of 2008.

48:26The largest year over year decline in about 30 years. I don't know. Again, how it's going to affect the, you know, home, home industry or, you know, another thing was unemployment. You know, national unemployment was at 5% right before this and then it was at 9% almost 10% right after. So, you know, and again, that's just 16 years ago. Well, I'll tell you a quick story. Now I'm not going to use any names. I'm going to protect the my clients, but I have a client who she lived in Nolan'sville, which is just kind of outside of where I live in Franklin, bought her house like, I don't know, 40 years ago. She bought, I think it was around 20 acres and she bought it for like 60 grand. She just sold her property for like 3 million bucks. And her parents now get this. Her parents bought 20 acres in Nolan'sville for like 6 grand. And this was about 57 years ago. So she bought 20, the parents bought 20 acres in Nolan'sville 57 years ago for 6,000 bucks.

49:37And they're selling it for 13 million. And that tells you two things. Number one, the appreciation of real estate and number two, the devaluation of our money. And it's just, you know, the more you print, the more the less value the dollar has, the more dollars you need to purchase the same thing. Now, of course, Nolan'sville's booming. You know, a lot of people are moving in the middle Tennessee, driving the prices up. But in order for you to make it in this economy, you've got to have your money grow. It's really important. You need your money to grow, but also you want to make sure your money doesn't go backwards. It's not as you go into retirement as you're in that red zone, if you would, that danger zone. It's not so much about how much do you earn? It's also how much do you not lose? How much are you not going backwards? Now, the stock market crashes 50%. It takes 100% gain just to get back to the starting point before the crash. So that's what it can take a long time to get up 100%.

50:38So this is where we come in. We've got strategies to help you keep up with inflation, not go backwards. Have the retirement of your dreams, participate in market upside if the market goes up. Well, if the market goes down, you're not losing anything, right? There is no fumbles on this field. There is no pick sixes. We're always moving forward, never backwards. So if you'd like to learn more about that, give us a call schedule 15 minute phone consultation with me or one of my colleagues. And let's talk through some of those strategies where you can go forward and never backwards. Because guys, I'm afraid to say it. I think another OE might be coming. And you're not going to get the fair warning from your advisor. You're not going to get the fair warning from the Treasury. You're not going to get the fair warning from the Fed and you're not going to get the fair warning from the government. But we will give you the fair warning and that is that is this segment. We are trying to warn you about what's coming and how to prepare for it.

51:38And that number eight hundred six seven four nine eight nine eight again eight hundred six seven four ninety eight ninety eight. And I'll give it out one more time because we are done with the show eight hundred six seven four nine eight nine eight. So we are at a time. And draw hope you have a great rest of the week. You too, Melissa. And we'll see you next week with retirement renegade radio right here until then take care. That your money matters. Protect your retirement income with a 15 minute call today eight hundred six seven four ninety eight ninety eight. That's eight hundred six seven four ninety eight ninety eight. Our firm provides insurance services. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This radio show is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions. Nor should it be construed as advice designed to meet the particular needs of an individual situation. Retirement renegade is not permitted to offer a no statement made during the show shall constitute tax legal or investment advice.

52:41Our firm is not affiliated with or endorsed by the US government or any other governmental agency. The information and opinions contained in this radio show have been obtained from sources believed to be reliable. But accuracy completeness cannot be guaranteed by retirement renegade. This radio show is a paid placement.