How to Beat Inflation and Build a Happier Retirement TPWM 11-13-21: Audio automatically transcribed by Sonix

How to Beat Inflation and Build a Happier Retirement TPWM 11-13-21: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Producer:
Take Point on Retirement, a well-rounded show from a well-rounded team leading you into retirement. Listen Saturday mornings for an hour of simple retirement advice from your friends at take point to wealth management. Saturday mornings 7:30.

Producer:
And here we go as we Roll right along its program, brought to you by Take Point Wealth Management, Fiduciary services up and down the nature coast here to serve you within our listening area. Several offices where you need to reach out if you've got to make that first step for your secure financial future, that's a stress free retirement is what we're looking for and what they're looking for for you, everyone. Everyone's looking for that stress free retirement. You can find it with Take Point Wealth Management. Take Point on Retirement. The show brought to you every weekend here on this station from our friends at Take Point Wealth Management. Their phone number (352) 616-0511 That's (352) 616-0511 an entire hour of the information you need and deserve to reach that goal of that stress free retirement industry is with us, of course, Lead Advisor Retirement Planner Eric Arnett and Randy Woodruff. Good morning, gentlemen.

Erick Arnett:
Good morning.

Producer:
Morning. Good morning. Yeah, thanks for being here. And once again bringing the information to the table that we deserve

Erick Arnett:
All the good stuff to talk about more than ever. You know, we get a lot of things going on in the economy and the markets and in the world in general, but

Randy Woodruff:
That's for sure.

Erick Arnett:
Isn't it continual interesting time? Yes. And I'm sure folks are starting to see more volatility in their portfolios. Low interest rates, low yields wondering where do I go to what? What do I do and where do I turn? So that's why today we're going to briefly talk a little bit about what's going on in the market about inflation. Of course, that's one of the big topics of discussion these days and why folks are getting a little bit more concerned. And market volatility has been picking up and really focused on inflation. And of course, we definitely have seen quite a bit of inflation with the amount of money pumped into the economy as well as the COVID effect.

Randy Woodruff:
So I think we're all feeling it too. I'm going to the gas pump. It's not bad, but the grocery stores where I'm noticing that no noticing it at the most

Erick Arnett:
Across the board expenses, fuel costs, you name it, the groceries. So one of the things we're going to talk about is how do we beat inflation? How do we beat bank CD rates? Let's talk about some cost cutters for our retirement warriors and ways in which they can hopefully cut costs in retirement and in combat that inflation. And then and then we'll wrap it up with our final countdown. Absolutely. Expenses one of the good things if you're retired or if you're going into retirement, those transportation costs could go down right and hopefully you're not having to commute to work or commute to Tampa. I know a lot of our listeners are back and forth to Tampa, so hopefully your transportation costs will go down

Randy Woodruff:
Unless you buy a big motor home that gets four miles a gallon, then all bets are off, right?

Erick Arnett:
Yeah, that's you're going to be parked quite a bit. Yeah. We're going to talk about payroll taxes, retirement contributions, life insurance, housing costs, food costs, clothing costs. You know, a lot of these should be going down in retirement. So hopefully, as inflation is spiking for all those younger folks that have to go out there and battle and make a living for our retirees, hopefully we can offer some cost cutting tips. So stay tuned and learn how we'll be saving during your golden years. And also, if you want to get a free financial plan to your ninety fifth birthday in a free portfolio analysis, you'll want to schedule an appointment right now. Or if you want to get on our website, you can Take Point on Retirement or Take Point Wealth.com. You can click up there and set an appointment. You can call us right at (352) 616-0511 even. I think more than ever right now is a time for us to review things because a lot of things have changed in the markets, just not going to keep going straight up. So if you're close to retirement, you're in retirement and you've saved some money for retirement, now's the time to get in and see us and put together a good, strong plan to weather all those storms that were could possibly be seen going forward.

Producer:
Yeah, that take point. Wealth management blueprint on retirement is like a 30 year projection almost up to your 95th birthday. Like you said. Yeah, it's incredible.

Erick Arnett:
Yeah, exactly. So we'll take your, you know, we'll take your current plan. If you don't have a plan, we'll build one for you and we'll test it. We can even, you know, if you have some ideas like maybe you want to buy some real estate or maybe you say, Hey, what does my portfolio going to look like if I do this, you know, or a lot of people, should I have gold in my portfolio right now? You know, bitcoin or bitcoin?

Randy Woodruff:
Yeah, cryptocurrency is right. Everybody's asking about those. It seems like to right.

Erick Arnett:
But that free financial plan that we put together for you goes out 30 years. It tests every strategy that we put together and it's stress tests it to see what is the probability of this being able to hold up in good markets, bad markets, high interest rates, low interest rates, high periods of inflation, low deflation. So you know, it's just a really good test that throws a thousand. Different scenarios, you know, worst case scenarios at your portfolio to see how it's going to hold up. So having that confidence and clarity and knowing how will your plan or your portfolio, you may have some annuities, you may have some stocks, bonds, mutual funds, you may not even know what you have, but let's at least see how that's going to hold up because we're starting to see volatility pick up. There's a lot of headwinds, so there's a lot less catalysts for positive things to push the market forward. So the market's always looking ahead six months a year out. So it's looking to trying to forecast what's going to be happening in the future. And that's why we're starting to see some volatility. The market's been pretty jittery. Of course, we're finding out that China kind of had an effect on the on the market. Earnings have still been good, the economy is still pretty strong and we still have COVID fears again looming. There's definitely a lot of stress impacting the markets right now, and that's why we're seeing a lot of volatility. So if you're unsure of kind of what's going on and the old mentality or the old school, the old portfolio isn't quite working for you. It's time to probably look at protecting and preserving what you currently have. And then, you know, being able to create some income for you, some guaranteed income, things of that nature. So we definitely think it's a good time to get in and take a look at that stuff mentioned.

Randy Woodruff:
Put together a plan. You mentioned earlier in the segment that you may have stocks, bonds, annuities where you may not know what you have. And I've been surprised as I meet with clients how often they really don't know what they have. And I think part of that is because for people that have worked at a company and they they had a four one K plan available, basically there was a four one K plan trustee that gave you limited options and how you could invest, and you basically didn't have a whole lot of options. And so I'm not saying you couldn't really plan, but you really didn't have a whole lot to plan with. There wasn't much to either. So we've kind of gotten conditioned to just putting their money in the market and kind of letting it go. But you don't have to do that in this. You shouldn't be doing that, especially in retirement. You spend the time, educate yourself, take control of your retirement, your retirement plan and make sure that you adjust that plan on a regular basis to respond to what's going on in the market and your own personal life situations.

Erick Arnett:
Well said. Well said.

Producer:
Yeah, a lot of people set it and forget it. They don't even know what they have. They don't remember what they signed up for to begin with. It's been several years now and you may have lost money you don't know because you don't keep track and now's the time to keep track. And these folks here would take point. Wealth management will do that for you. A lot of organizations will sit down with you for like an hour and show me what you got. Boom. I'll give you this. We got this. That the other thing, whatever. But these guys that take point, wealth management, they sit down with the several different occasions for several hours and make sure that you're in the right place at the right time.

Erick Arnett:
Yeah, I appreciate you bringing that up, because that's a good point. The majority of all people that we meet and sit down with, they have no relationship with their advisor or they too have no financial advisor. Maybe they just have a one eight hundred number. They're kind of managing things themselves to save money, in a sense, but they're really on the other end of the phone. They're just getting a number or a name or a person that's looking up their account and just kind of giving them generic advice. And so and you know, you still are faced with really kind of making your own decisions with our clients. We pledge to meet with them as often as we need to quarterly semiannually annually, whatever it takes to make sure that we're all on the same page and our clients are truly understanding what's going on and what they're doing and that we're constantly meeting our goals and we're constantly massaging our portfolios and making changes. We don't set it and forget it. This quarter, we've been making a lot of changes in our portfolios, and we we sit down with all our clients and tell them, Hey, this is what we think we should be doing.

Erick Arnett:
You know, how do you feel about that? So they're also involved and have that input. But that's the advantage of working with an advisor is you're going to have someone local to sit down with who's going to constantly be watching your portfolio, bringing new ideas to the table, making changes. And I'm I'm pretty adamant at this point in time with where we are in the markets and the economy more than ever, folks need an advisor and they need to sit down and evaluate what they're doing because a lot of times folks just don't know how their portfolios allocate what kind of risk they have in their portfolio. And it's really important for us to try to dial down the risk here at the same time, still meet your goals. And so and I just think it's more important than ever. It's one of those periods in time where I start to get concerned about everybody out there and them losing a good portion of their retirement. So I'm very, you know, very concerned about

Randy Woodruff:
It and we've both been doing this, each of us close to 25 years or more, meaning the clients, you know, day in, day out. So we have a lot of experience that we're willing to share with you. Lots of things that we've seen, lots of things we've seen other people do that have been probably not the best decisions. We can help you avoid those. And so we really would benefit from coming in, sitting down. You know, we we can take a look at your portfolio and very quickly identify what your holdings are. As Eric mentioned, what your risk is and find out from you what you want your risk tolerance to be, you know, do you actually want to have a lot of risk? And we found, you know, so often we have. Clients come in, my portfolio is up, it's doing great, but when they realized how much risk do they have and how concentrated some of their holdings really are? It's an eye opener. Come in and see us. Please find out what you actually have in your portfolio and let us help you put a plan that's going to help you meet your retirement goals.

Erick Arnett:
Yeah. Tax efficient, market efficient and fair, efficient. So you know all that makes sense to lower cost, lower taxes. And then, of course, make your portfolio just much more efficient. And when we say efficient, we want it to be that we want that most efficient, high performance vehicle running down the road. Well, it's got all the safety features in it. If you've got a portfolio that's kind of like a Corvette or a gas hog and it's just blazing down the road and you make some bad turns and end up going off the cliff, we want to wrap that really solid, efficient portfolio we're getting from point A to point B in a very efficient manner, meaning lower fees, lower taxes and lower risk and still achieving your goals. So that's the three things that we really focus on.

Producer:
Mm hmm. Eric Arnett is an Investment Advisor Representative of Retirement Wealth Advisors LLC, an SEC registered advisor, Take Point Wealth Management. This station and RWA are not affiliated exposure to ideas and financial vehicles discussed. It should not be considered investment advice or recommendation to buy or sell any financial vehicle. Any comments regarding safe and secure investments in guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company and are not offered by retirement wealth advisors. Well, so goes to music. So goes the program. Take Point on Retirement brought to you by Take Point Wealth Management. I'm J.W. My friends at Take Point Wealth Management will take care of you with all the information you need. You've got forms there that people can fill out on the website. They don't actually have to call you. They can go to your website and fill out the forms.

Erick Arnett:
They're absolutely most high tech efficient folks out there listening just go right to the smartphone and type in our web address. Take Point Wealth or just Google. Take Point Wealth and it'll pop up. And then once you get to our site, you just click up there in the top right hand corner and boom. You can put in a few notes. You can select an appointment time that's been working great. So we're excited to offer that or just give me a call. I'm there to answer the phones for you, and if you want to chit chat, I'm ready to talk. I'll be lounging by the pool phone in hand.

Producer:
So that's the voice of Eric Barnett, lead advisor, retirement planner with Take Point Wealth Management in the studio with us each and every week. And of course, Randy Woodruff, along with them professionals to assist you and lead you in that stress free retirement. Randi, of course, being a certified public accountant

Erick Arnett:
And what's a retirement warrior? So if you wondered what a retirement warrior to Take Point Wealth Management? Of course, I've gotten some phone calls from veterans and they 100 percent get it and understand that, Oh, I'll take point, so you're leading the way. So, yeah, so we're leading the way and we're trying to build retirement warriors, people that are ready to fight and combat all those retirement challenges ahead of them.

Randy Woodruff:
Yes, real quick. We own the name taking point. And one of the things I've noticed over the years is that finances are complicated, you know, and a lot of people are really whether it be your taxes, your retirement, it's really good to have someone that you can know and can trust that can actually take point and help point you in the right direction to lead you, to help you make those decisions. Because when it comes to last 10 or 15 years, and as I talk to clients, when I talk to them, there are so many additional financial products that have come on the market enhancements to price that are already out there, that there's no way that unless you're in this in this profession, day in, day out, you're going to know about all these options that are available to you, and you could be missing out on things that are available to you that you didn't know of that can really make some big changes in your portfolio. And also other types of I'll talk about insurances for a minute. You know, we work with the client recently that did an annuity with us and Eric. I need you to help chime in here and make sure I get this right. But at a client that bought an annuity with with us, they did not have any long term care insurance and we got them a long term care insurance rider on their annuity. I think it was good for if they had to exercise that long term care rider, it was up to five years. They got, I guess, double the annual annuity payment up up to five years to cover those extra long term care costs that I get that out correctly. I think I

Erick Arnett:
Did know he did a great job, and that's the perfect example of us building a retirement warrior, something we're putting armor around our clients and our family, so they're protected against any potential situation that could nail them in retirement because we know any given year day month things can change in our lives dramatically and drastically. So we've got to be prepared for those, and that's why we look ahead. Randy and I are always looking ahead down the road. We want you to enjoy retirement and let us look at all the potential pitfalls and risks out there so we can build a bubble around you.

Randy Woodruff:
So with that one product we actually saw of two of their problems, we we saw the monthly income problem that they had in terms of you needing that monthly, I'll say pension and then but they also they didn't have long term care insurance. And because that's something newer in as a rider on annuities, they didn't know about that and they were made aware of it. It really solved too niche for them with one product, and they're very, very happy.

Erick Arnett:
Oh yeah, they were pleasantly surprised when they saw that right and the illustration. So yeah, there's some awesome products out. There that are going to pay you a guaranteed income for the rest of your life, if something should happen where you have to go into assisted living, or even if you want to just hire someone to take care of you with home health care? We have a product. We have several products out there that will kick in and double your income for five years to get you through that period of time. So I think that's a that's powerful insurance right there and that's really powerful.

Randy Woodruff:
So you mentioned the client was surprised. I was surprised it actually went for five years and that was it was great news. I was happy to find that out.

Erick Arnett:
These products are really fantastic. They've evolved and they really are trying to answer all those needs that retirees will have one. They need a little growth in their portfolio to beat inflation to. They need to be able to fall back on some guaranteed income to complement Social Security and pensions. And maybe you don't even have a pension. Maybe Social Security gets cut, I don't know in the future. So we have to have some type of guaranteed income in the future, and it grows. It'll grow every year while you defer it. Some, some products, even your income can grow with inflation. But then if you're up there in years, even if you're in your sixties or late fifties, sometimes that long term care insurance can get costly. Maybe you can't get underwritten for whatever reason. There's no underwriting. They're just going to say, OK, if you have to have some type of home health care or assisted living, boom, we're going to kick this extra benefit in for you for five years, which tends to be pretty devastating to folks. And later on in life, because and I've seen it firsthand where they have to really start taking a lot of money quickly out of their portfolio to subsidize those costs. So it's important that we have that benefit in place for those folks.

Randy Woodruff:
And Eric, you've been doing this course to twenty five years and say, you're such a product specialist here again. When we start talking with this client, we knew they had these needs and you knew right away of this product that's out there. So as I mentioned earlier, there's so many different products out there now that have come on the market in the last 10 to 15 years that it really is tough to stay up with them all. But Eric is doing this all day, every day, so really would benefit you to come in and talk to us like this one client did came in with a problem, and we wound up solving two for them, and it didn't cost them any extra money to have that second problem solved the long term care insurance.

Producer:
And so and one thing that you illustrate and show every time is that no two persons are the same, that you've got personal advice for each and every client.

Erick Arnett:
Yeah. And that's a good point, because a lot of times when we're sitting down with folks, they'll say, Well, I heard this, I heard that and people tend to run and herds. And Oh, let me, you know, we heard this was a good idea. We're going to do this just because your neighbor is doing it or your aunt or uncle, your cousin, your brother, your sister really doesn't mean it's the best thing for you. So there's so many data points and so many things that we look at to really make sure that we're putting the right solution in front of you to meet those needs long term. It's really about meeting those goals and those needs. First and foremost, nobody wants to run out of income. And so let's look at ways to guarantee that income. Ensure that up for you when you can put your head on the pillow at night knowing, OK, it's funny. I was just running through this scenario with my wife on the patio, and maybe because of the business I'm in, I'm always running through risk analysis and I'm like, OK, if this were to happen, if that were to happen, here's what things would look like with our income. That's the only thing you can rely on really in this world is that that guaranteed income that you know you have coming in the future.

Erick Arnett:
You can't rely on markets necessarily. You can't rely on the housing market, you can't rely on family, you can't rely on friends all the time. You know, whatever it may be, the only thing you can rely on is that that guaranteed income source that you've put together that you can turn on in retirement. So we need to do that risk analysis for you to make sure, hey, even look at worst case scenarios, what would this look like in a worst case scenario? Maybe our economy does go into a bad situation. A market's already tough enough because markets really aren't yielding a whole lot when it comes to interest and bonds, things like that. So people are forced to kind of take risk and go into the stock market. Well, that's a concern, too. So we have some products, we have some solutions that we can put in place. And like I said, we're constantly looking at constantly massaging it to make sure it's an ongoing thing that's meeting your needs and goals. So good. Good point there. Yeah, these aren't cookie cutter portfolios.

Producer:
No, no, not one size fits all.

Erick Arnett:
Not at all. They can't. They can't be.

Randy Woodruff:
So can put you on the spot. Ok, I'll put you on the spot. I have a question for you.

Erick Arnett:
The edit button.

Randy Woodruff:
You mean you bring up a good point. I mean, we've talked about this on the show several times about how interest rates are really low and people are looking for return. And so and they're having to take risks. Maybe they wouldn't normally take. They put their money in the market or they they have. Maybe they maybe they're in the market more now than they've ever been in their entire life and maybe in their 60s or 70s or 80s. What's your thoughts on how that's going to play out long term in terms of, you know, there's more money going into the market because people can't get in any money on. And bonds and that kind of stuff, so you think we're creating a bubble by people going into the market chasing returns? I know there's no crystal ball that anybody has. What would you advise people as they're coming in to talk to you about that?

Erick Arnett:
Yeah, I mean, that's a good question. And once again, it kind of goes back to what we were just discussing where there is no cookie cutter plan. That's right for anybody where it may be. If I'm sitting down with one couple or a family and doing their planning that an all stock portfolio, a well-diversified all stock portfolio makes sense. Mm hmm. I may sit down with another couple and it makes no sense to have money and take risk in the markets. That's what you can't do. You can't make blanket statements and say, Oh, this is the right thing for you. And then everybody think that that's what I'm speaking to everybody out there. Mm hmm. It is a very tailored thing, and it's a very specific and personal conversation. More importantly, like I said now than ever, because of a lot of the uncertainties, because of the run up in the markets, and we're starting to see volatility pick up because some of those high risk stocks are starting to show signs of weakness and volatility you're seeing now. Or it makes sense to maybe be in one sector and not another sector of the economy, as opposed to just being in the entire market and everything floating upwards. That makes more sense now to be more strategic. So we've had to be more strategic in the last two years and more intensive with our portfolios than ever making changes like structured notes, like finding dividend paying stocks, value stocks that are going to be able to weather storms.

Erick Arnett:
These the big bellwethers, as opposed to the high flying tech stocks that had their run and had a great period. You still have to have a little bit in there, but if you're overweighted there, it's probably not a good idea. You never want to place your bet or put your chips kind of all on one on one. No, to answer your point. You have to have a plan more than ever to weather that storm. And so now is the time to put that together, so you don't have to worry about any of those conditions that could possibly arise. Stocks are definitely the flavor of choice because there's not a lot of places to put your money. However, we did see bonds. Real estate commodities did quite well as people ran from the stock market. So that's why having a good diversified portfolio that will weather all storms is important. It's important to have real estate, gold, commodities, that kind of stuff in your portfolio, and maybe we start making changes or adding more value stocks we're putting. There's some positions that we can put in place that protect your assets on the way down. We can do puts calls, all those kind of option plays things like that. So it's important now. I don't think a rising tide going to float all ships right now, you've got to be more specific and more strategic more than ever. So, you know, I just urge people, please get in and see us and give us a call

Producer:
And take risk out of your financial future. That's right. That's stress free retirement. What it's all about, folks will be back would Take Point on Retirement brought to you by Take Point Wealth Management that we hear from my friends and yours on the nature coast. Information provided is not intended as tax or legal advice and should not be relied on. As such, you are encouraged to seek tax or legal advice from an independent professional. You can see them personally. That's right, they're actual human beings. You can reach out to them and they'll take care of you. (352) 616-0511 is the phone number for takeaway and wealth management as we continue with Take Point on Retirement.

Erick Arnett:
Yeah. So I wanted to continue to kind of dove more into inflation and how that can affect our retirees and our folks that are not even in retirement, maybe getting ready for retirement. They're like, Holy cow, can we retire now with all the costs going up, you know?

Producer:
And by the way, are we starting to see inflation now?

Erick Arnett:
Oh, yeah, definitely.

Producer:
Definitely. You mentioned it earlier about the food and the gas.

Erick Arnett:
Really, things were fantastic prior to COVID, and COVID has had more of an effect on us than we really, probably truly realize. And that is inflation. It's the supply chains have broken down. I didn't realize it. I was trying to figure out, You know what? What's the true driver of all this inflation? There's an article I was reading in the citizen times. Behind rising food costs is and the number one thing is a truck driver shortage. I didn't realize I thought, you know, well, you know, there's less supply of this stuff even being produced. No, it's not necessarily that there's less supply. The truckers, there's just not enough truckers to get it out there and also all of the new recent regulations that have put on truckers. They're having less time on the road. They're not allowed to be on the roads. So therefore they're not meeting their destination. So they have to take less less trips and shorter destinations. Or they just maybe they got five loads in a month and now they're only getting two or three because of the time constriction. So the government put on them.

Randy Woodruff:
I think their logbooks there was there was a lot they were had to really as part of the restrictions, they had to keep better. Track of their logbooks and there being a lot more closely monitored, I think, is what I've heard as well. But to your point, yeah, the the there is a trucker shortage.

Erick Arnett:
So our food bills like Randy alluded to earlier and our even our restaurant bills have gone through the roof. Mm hmm. I can't believe what it costs to go out to eat. It's insane. I mean, those prices snuck up, you know, quickly seven eight bucks an item. I mean, it was insane. Some of my favorite haunts and I was like, Hey, this is costing us about 50 bucks more than they normally did.

Randy Woodruff:
So this is somebody else's bill. Did they get somebody else's meal?

Producer:
And I think restaurants are still having an issue staffing and time staffing issues, and it's just all now. The new administration has been in office for a number of months now. Not even a whole entire year, which I call the administration. I guess I don't know. But you know, those that are running this nation have been in office for a little while now, and we still got a ton of time to go for this administration. But do you see anything coming out of that that's affecting us with this is straight from the White House or

Erick Arnett:
Honestly, the White House or the president or the administration? They obviously can have some effects on the markets and some effects on policy and things like that. But there's there's so many other things in the free market that really drive the free market, you know, policy, which is, you know, government policies certainly can have effects, but not to the extent of things like this over a pandemic, supply chains breaking down, no workers, no labor. But it's one of the big concern is how do we continue America? United States was always the most productive country in the world, but so now our productivity is a concern. Are we going to be able to produce and maintain the productivity for the goods and services that we demand? And as our population increases, we have to have the laborers and the supply to be able to fill that supply chain. You could have a million, I don't know, just tomatoes sitting on the vine, but there was nobody to pick the tomatoes and get them out there. You know, so and I've heard stories. I don't know if they're true about the government telling, calling up farmers and telling them to get rid of their crops and burn their crops, and they're getting subsidized given their pain. So they're trying to control the environment there, too, and the cost of food there. So something strange going on. I'm not really sure what it is, but this article alludes to labor shortage, trucker shortages. So and that's the thing you go to buy anything today. My wife and I were looking at furniture the other day for the house and they're like, Oh, you know, five months minimum to get this item. That's it's it's not just one or two things, it's everything. If something needs to be shipped or built, it's going to take some time when

Randy Woodruff:
I'm building spec homes. Yeah, here and here in Hernando and Citrus counties, and we're still having a having a window shortage and a garage door shortage of my garage doors, whereas our garage door shortage. But to your point, this this is this is affecting so many different things out there that you wouldn't wouldn't expect to just start talking because we see it at the grocery store. Maybe the things we want to eat aren't there, that things are going up in cost, but you start talking to people, it's happening here, it's happening there. It's it's furniture. It's this, it's that it's so many microchips. You know, it's causing a major shortage can get used to use these new car lots or still, some are half empty, some are mostly empty. So used cars are going. I have some clients that are in that, different clients that are in sell used cars and they're paying more at the auction. They're having to pay above retail for at the auction for used cars just because there's no inventory out there.

Erick Arnett:
Well, that gets into the whole why one administration, at least I'm not going to play politics here. But you asked the question Can administrations have effect? I firmly believe that a prior administration, I'll just say, would have been tackling some of these issues a lot. It would have been on their forefront. Yeah, more aggressive in their White House to attack these situations. And that's make making things in America, building things in America. So here it is. We're paying more for stuff than ever before. And the concern was in the past, Well, oh, we're not going to make it in America will ship it off and have it made somewhere in some other country that has slave labor. That's why they keep their prices so cheap instead of making it in America and paying someone a good, honest wage and then us, the consumer paying a little bit higher for the product, we would never have these problems. So now we're relying on other countries to get our goods and services to build the things that we need to keep our economy going. So it shows you just how this this maybe this is a good thing. Maybe we look at this as a positive thing. This shows you how temperamental and how sensitive our economy in the capital markets are. The free markets are one little disruption. This thing's been highly efficient and working tremendously over the years. And then one little thing comes in one little policy. One little change can really disrupt things. And if we were making those chips, Randi. Here in the USA, we wouldn't have that problem. You know, well, maybe we still would have, you know, somewhat of a labor shortage, but it's concerning to me that people have got to get back to work.

Erick Arnett:
Every company we know of is hiring is in dire need of help. People have got to get back to work and if we don't increase that productivity, then yes, it's going to continue to have an effect on our economy. We've got to make things in America. We've got to improve the supply chain and improve the transportation to get those supplies out there. So there's a lot of work to be done. So that's where governments and administrations can have an impact and hopefully somebody up there is taking a look at this. I mean, like, let's let's build that stuff here in America. But unfortunately, we've letting foreign countries in a sense infiltrate our economy to where they have such a big part of our economy now that it's hard for us to to reverse that and go backwards. And we have foreign money here. Foreign owners, foreign ownership of everything we do. And that's because we got drunk on cheap prices and it was all about money, money, money, money. But if we would have been willing to pay a little bit higher for things back in the day made here in America, we probably wouldn't be having some of these problems. But because think about it, if there's a country out there that's making chips, they're going to use those chips first for their own country before they start shipping them out. Right. And we have a massive trade deficit with this one country in particular that's causing a lot of this disruption. So it's a real issue. So we've got to continue to watch that and maintain that. Let's take a

Producer:
Pause for station identification. You're listening to ninety nine point nine FM, JB Homosassa.

Erick Arnett:
Some good news is that for our retirees, I think that there are some costs that are going to go down for you. Number one, we talked about those car transportation costs. Many retired couples go down to one car. I think that's a good idea. You're eliminating commutes, therefore dramatically reducing overall transportation costs. Gas, car payment insurance, et cetera. So I think that's a great thing. Payroll taxes, that's kind of something in your avenue, Randy. You you'll be in a lower tax bracket during retirement and won't have taxes withheld from your monthly income.

Randy Woodruff:
That's true. Furthermore, payroll taxes and better withholding and and as you mentioned, you know, your income typically goes lower in retirement. So you'll probably wind up whatever it can be, do have will be taxed at a lower tax bracket also.

Erick Arnett:
Yeah, yeah. If you're going into retirement, you're no longer going are going to be making those contributions and saving a large percent of your income to your retirement. So hopefully, if you're not doing that out there, you get in and see us and we can get you started. If you're younger and get you on a retirement plan, your money is now working as hard as you did. So it's, you know, your money is working for you. Life insurance, you know, the need to protect primary breadwinner in the family maybe no longer exists so you can drop those life insurance plans. Let's take a look at those when you come in. We're fully licensed in life insurance, health insurance and annuities. So come in. We'll evaluate your insurance policies as well. It's important that people reevaluate this stuff once a year, twice a year. I mean, you've got to constantly reevaluate all these things. So when we come back, I think we'll finish out the last segment there with some items on our list that we'll continue to talk about our retirement wars in ways that they can save money. Give us a call and get that free financial plan all the way to your ninety fifth birthday free portfolio analysis making your portfolio efficient three five two six one six zero five five one one or visit our website. Take Point on Retirement and you can go up to that button in the right hand corner. Click on that and you can set an appointment for a 15 minute chit chat and come in the office whatever you want to do. Let's talk about maybe some of the concerns that you have, so give us a call this week.

Producer:
No obligation consultation with Take Point Wealth Management on the Nature Coast within our listening area, they're here to serve you and lead you into that stress free retirement. Take advantage of it now. It's all about that stress free retirement, folks, and that's why the professionals are in the studio each and every week to bring that to you. So we've discussed a lot of topics already this morning. We're going to wrap it up with more topics once again that affect us not only today, but in the future. And it's going to be a good one. Stand by. Hold on. We'll be back after this. Take point well, does not provide accounting, tax or legal advice, investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively. Investors are strongly urged to consult with their own tax adviser regarding any potential strategy, investment or transaction. Well, here we go, work on our way to the end of the show, Take Point on Retirement brought to you every weekend by Take Point Wealth Management, food fishery services on the Nature Coast here to assist you into that stress free retirement. We've been talking about that all morning long. And we're going to continue with Lead Advisor Retirement Planner Eric Arnett and of course, certified public accountant Randy Woodruff, just two of the professionals in our studios each and every week and two at the office to assist you into that stress free retirement. So we're going to wrap up this show now with Take Point on Retirement brought to you by Tech Point Wealth Management on this station.

Erick Arnett:
So we've talked about things that we believe will help and cost that will go down in retirement. And one of the things that we do and we build out a plan is, of course, we look at all your expenses, current expenses, as well as future expenses to make sure that we have a good budget in place that's going to be able to provide that retirement for you. Transportation costs we talk hope for those going to go down for payroll taxes, retirement contributions, life insurance, a couple of other things housing costs. Many couples downsize during retirement, so hopefully you're going to have some lower property taxes, lower maintenance and most U.S. counties, individuals 65 or older or disabled qualify for a $10000 homestead exemption exemptions. Make sure you're visiting your local tax office to make sure you're getting all the exemptions that are affordable to you. If you're a veteran, I know I think there's some exemptions there, too. If you're a disabled person or disabled vet, I think you get a massive deduction. So those are things that you're kind of leaving on the table. If you're new to the area. New to Hernando County. Get in there and talk to your tax office and and talk about some of those exemptions and getting those property taxes down food costs. We talked about that. You won't be going out as much to eat. Maybe, maybe you'll go out more. I don't know. It depends on what you're doing in retirement, not going out as much as probably going to save you a lot of money. And of course, with all the rising food costs, you know, it is a concern. But when you retired, probably going to eat a little less stay home and and budget that a little bit better and you no longer have your dependents and kids and their friends and grandkids and everybody else to to to to feed

Randy Woodruff:
Them a raiding refrigerator.

Erick Arnett:
We just went shopping in the cupboards, get raided and all the food's going up, going back to the store tomorrow. That's a real deal. So clothing costs. Most retirees spend far less on clothing now that they aren't in the workforce, so you likely have built a nice wardrobe over the years. Maybe you can take that in and don't donate or even sell it. Inflation, inflation, that's kind of the the mantra of this show and how do we impact it and how do we fight it? A lot of folks have money just sitting in money market or bank CDs. And so how do we combat that or you can't have inflation? And at the same time, you're not making anything on your money if you're making one percent at the bank or, you know, two percent even by the time you take, I think inflation was close to five percent the last couple of quarters. So let's just say we're at four or five percent inflation. Do the math. I mean, you're losing that purchasing power. You're losing two to three percent a year. Probably this year you've lost a lot of purchasing power and that's something that we factor in. We factor in inflation. I can play with those numbers in my software. I can do a four percent inflation rate, five percent.

Erick Arnett:
And how is that going to affect your portfolio and your retirement plan going forward? So how do we do that? I can think of a five year fixed indexed annuity that that we recently delivered Prague that doesn't carry any stock market risk. You can still get really good returns on your money and not have to take that risk and you think about it. We've talked about this before. It's important that you get outside the bubble and get outside of that conventional wisdom type thinking that you've been. That's kind of been ingrained in your head for so long. And we've talked about that on the show before. Is that traditional, that old traditional portfolio where you sit down with an advisor or you get on the phone with somebody at Fidelity or TD Ameritrade or Schwab or doing this stuff on your own, and they put you through a five minute questionnaire and then say, OK, yeah, five minute questionnaire. We don't know who you are or anything about you or your family, what your goals are, but answer this five minute questionnaire and we're going to build and then OK, yeah, you're you're going to be in a 50 50 portfolio, 50 percent stocks, 50 percent bonds. That's a moderate portfolio. But think about that moderate portfolio after fees, expenses, you're maybe lucky if you're going to yield four percent, five percent on that portfolio right now because it's not the same portfolio that you're that your dad had or your grandfather had that 50 percent of that portfolio that's sitting in bonds to yes, hedge against market risk is making nothing or losing money, and you're paying fees on that 50 percent as well.

Erick Arnett:
We've got to find ways to make that more efficient a great bond alternative in a great cash alternative to just sticking your money under the mattress. I'm really concerned when these markets are going. Start getting more volatile, we're going to start seeing a turn or even a correction, that correction is coming. I don't want to see people put their money under the mattress because that's not a good place for it either. Looking at these index annuities are actually fantastic alternative. This is a 100 percent financial reserve product. One hundred percent of your investment is backed up with a financial reserve. You can't say that about a bank CD or a bank deposit. There's very little protection in bricks and mortar banks that offer you, you know, less than one percent right now if you can tie your money up for a few years longer than a typical CD. Your experience a significantly higher rate of return versus what those banks are going to be offering you.

Erick Arnett:
So we're really going to take a look at that. Imagine receiving 12 percent rate each year over a period of five years. This is not compound interest during the first three years, the final two years build after the initial three year product period. But this this is a great alternative. It's not a 100 percent guaranteed, but if you could, if you could have got 12 percent on your money and not had to take any market risks, it's fantastic. Of course, with a fixed indexed annuity, surrender fees apply. We recommend staying invested during the entire five year term. You can't move in and out of these products, so it is somewhat of a commitment, but they're indexed and linked to indexes. So keeping a percentage of your portfolio still can get market like appreciation. But not having to take that risk, I think, is super powerful. We have all kinds of information about indexed annuities. I can send you buyer's guides or whatever it may be that will help you make an informed decision about index annuities and book your book. We've got a great book. Absolutely. Annuity 360, I think, folks, you need to call in or email us and we'll get that for you. Get that out to you right away.

Randy Woodruff:
So easy read, too. It really lays it everything out very nicely, and it's easy to read and understand folks who I've talked to. The Reddit really enjoyed it as much as they can enjoy reading a book on annuities. I enjoyed it.

Erick Arnett:
Yeah, absolutely. We've had a great response with that. It's not the time to just kind of be sitting back and not being proactive and even listening to your neighbor. It's time. It really is time more than ever to get in and sit down with an advisor and put a solution together that's going to meet your long term needs and goals.

Producer:
So active portfolio management?

Erick Arnett:
Yep, you got it. Active portfolio management, indexed annuities, structured notes. We're bringing things to the table that most advisors can't. We're completely independent, so we're not pigeonholed or boxed in to sell one product. We shop the entire market to find the very best product and strategy for our clients. And so I think that's important that we're not just selling one product because it pays us the highest commission or the highest bonus at the end of the year. I mean, there's a lot of that going out there where some individuals will just sell one product because they're going to make the most money. We want to make the most money for our clients first and foremost, because happy clients, you know, that's that's what it's all about. You know, that's that's our bread and butter. That's our longevity.

Randy Woodruff:
So and we do a total financial plan. So we're not just talking to clients about, hey, we're just going to say an annuity or we're going to sell you some life insurance or we're going to say it's a portfolio of stocks. We're going to look at your overall financial plan, our overall financial picture, put a plan together with you that's going to meet your needs today, but also meet your needs in retirement to have a nice, stress free retirement. And that's the thing that we see so often that advisors, they're peddling one. As we mentioned earlier, one, they specialize in life insurance or their annuities or whatever where we can do everything. And that's so important because what we see happening is sometimes we see somebody comes in, they've got four or five different financial advisors and they don't know what each one is doing and the other financial advisors aren't talking either. So a lot of times they got the same product in different portfolios and they have really no diversification they thought they had. So oh, that's

Erick Arnett:
A great point before I know we're getting close to wrapping up, but that reminds me of of a mass of savings that we were able to find for a recent client, a new client that was working with another group and we sat down and went through their returns was like, why did I pay $8000 in taxes this year? I never paid taxes, went through their returns. I went through their portfolio, ask them a couple of questions, like two questions, and I immediately found the problem. And it was the financial advisor was not communicating with the accountant and there are blaming each other, of course, like for each other's mistakes, you know? But there was bottom line, there was no communication and this individual sold a bunch of stocks and they they just gave them the a cost basis that came on the 10 nine nine with a 10 nine. And I was wrong. I found out that I was looking at. I said, Didn't, didn't you have an event where you inherit? She inherited those stocks years ago, so they should have got to step up and cost base, so they never did. We ended up doing the work. We found the cost basis we got to step up and she actually ended up how. Having a loss instead of a big gain, a $40000 gain, and therefore she's going to get all that money back $8000 we found for her. That's the kind of impact we have not toot my own horn, but it happens every day and and that gives us goose bumps. So it's really about that constant evaluation because there are mistakes being made.

Erick Arnett:
Having a second set of eyes on things helps. Let's work through it and find what's going to be the best solution for you. Maybe that's some mistakes were made and you can go back and do an amendment, right? We're going to amend this return and and this lady is going to get that full $8000 reimbursement back. So that's that's exciting stuff. So I wanted to wrap up today, talk about Social Security maximization. I think that's important. Absolutely. And paramount on folks. Mind those deciding on when to take their Social Security and how we can maximize that for them. I also want to talk about the retirement income gap and what that really is and how we calculate it. Also, I wanted to get into the strength and the differences on annuities, index annuity, fixed annuities versus the banks and really kind of talk about that a little bit more as well. So one of the things that we're going to do for you, folks, when you come in for your complete take point, wealth management retirement analysis is we're going to evaluate your Social Security and we're going to do a Social Security maximization report for you. That's so important. Some of you out there probably have already started your Social Security, and that's OK. Totally understandable. But if you're married or single, there's some different strategies that you really need to think about. And let's run some different scenarios for you so you can see, Hey, how would it look like if I did this? How would it look like if I did that? So many different strategies when it comes to Social Security maximization, particularly for spouses.

Erick Arnett:
So we want to make sure that you can come in and or we can run that analysis for you. Like I said through Zoom or right over the phone, the biggest question, I guess, Randi we always get is, Well, what do you guys think? You know, when should we turn on our Social Security? Of course, folks, full your full retirement age and is probably what you commonly have heard. You can go to a website SSA.Gov, and you can actually fill out your information there and you can open up an account and you can actually pull off your Social Security statement. And it's going to show you basically what your Social Security is going to be estimated at. It'll show you what your spouse could get. It can show you what you would get combined jointly, whatever it may be. But we always ask folks, pull those off for us, get them to us so we can kind of evaluate them and look at them for you first and foremost. Start there. Kind of see what your benefit looks like if you go ahead and take it early prior to your full retirement age, which might be sixty six and some months or sixty seven just kind of depends on your age. You can start at sixty two, right? So sometimes we hear folks say, Well, I'm going to start at 62 because I don't know if I'm going to be around, and I don't know if the government's going to be your Social Security's going to be around.

Erick Arnett:
So I'm going to go ahead and start taking it. Common mistake that I see is if if that particular person is married, maybe has a younger spouse, it might make sense to step back for a minute and kind of reevaluate, where do you have other income coming from in retirement? What type of assets do you have? Annuities, retirement accounts, IRAs for one case, how those are going to impact the bottom line. You can defer your Social Security and every year that you defer it from age 60 to you're going to get a nice increase. The percent increase so makes sense, particularly like, let's say you have a younger wife. The longer you defer that gentleman, you're going to leave your spouse a higher benefit for her lifetime. Mm hmm. And unfortunately, men tend to leave earlier than the women do. We tend to kick off a little earlier. And so if you could go ahead and defer yours, maybe collect your wives or collect, have your wives. I mean, there's a lot of different strategies you can do and get yours to continue to grow and act almost like a life insurance policy for your wife long term. So that's just kind of one little strategy, but there's multiple strategies, so it really makes sense to come in and or call us and get that maximization report, and we're happy to whip that up for you. Randy, what do you see in your practice? Because I'm sure you get that question all the time

Randy Woodruff:
And there is a winch that I start drawing and just your point about 10 that earlier and we have the same conversations. Sometimes we're in the CPA practice. Well, what's your health like? You know, be honest. You know, you really you have a history of this or that disease in your family. Do you do you take care of yourself, you know, do you really take care of yourself? And and because that can have an impact. You mentioned earlier about people that they may die earlier than they want to. And of course, we all probably want this to happen to us all. But being honest about your health is, I think, a very important factor in that decision can't predict the future. But historically, as your family members live a long time and then to, as you mentioned, the taxation of that, and that's where we get into a lot of the confusion on the taxation because there's actually two ways the government can now say either tax your Social Security and or take it back. And so the first one is if people want to retire at 62 and retirement, I mean, draw start drawing Social Security, but still work.

Randy Woodruff:
So if you're if you start drawing Social Security at 62 and you're still working making, it's like 17, 18, $19000 in earned income, the earned income is actually going out and. Working a job that doesn't include rental income, interest, income, dividend income, capital gain income, that's not those type of income actually earned income from working a job or running your own business. The government takes back $1 for every $2 that they give you. So starting to draw Social Security at 62 and you're still working is probably one of the worst ideas that you can can consider. But if you are 62 and you're not working, the IRS can still potentially tax your Social Security if your overall income is over a certain dollar amounts and they're actually not that high. So and here's the thing they haven't changed. So you talk about silent killers. I've been doing this now over 25 years, and these thresholds where the government can begin taxing your Social Security, isn't that changed in twenty five years?

Erick Arnett:
I know it's one of the things that we point out in our webinars. Folks can go and go to our website and you can click on and find that webinar. But that's one of the things we talk about. And that is the government hasn't changed that table in 25 years or 30 years. And if you're married filing joint, I believe that threshold is like forty four. If you make over forty four thousand, they're going to tax eighty five percent of your Social Security because the government still deems you as being wealthy. What do you make forty four thousand dollars in joint income? You're considered wealthy in America now. Maybe thirty years ago, that might have been wealthy, but I don't know about folks out there listening. If you're making thirty forty forty five, I don't know how wealthy you're feeling these days

Randy Woodruff:
And they're going to tax that Social Security benefit. Eighty five percent of whatever tax bracket that you're in. So every year, most every year, you've received a cost of living allowance on your Social Security benefit. And we also deal with inflation every year. So you would think that that threshold for taxation would go up, at least for inflation purposes, it doesn't go up at all. So that's a silent killer where every year your, I'll say, spendable cash is being eroded a little bit every year by that income threshold, not going up when they start taxing your Social Security. So and also has an impact, too. If you have a transaction where you're going to say you have a stock sale or you have some kind of real estate transaction in a particular year, and let's say your Social Security was marginally taxed or not taxed at all, where now it's going to be taxed and that in the year that sales so. So not only are you going to pay tax on the gain that you experience from a capital transaction, your income, your ordinary income is going to go up. The government are going to tax you on the on your Social Security benefit and whatever the ordinary tax rate is for you in that particular year.

Producer:
So is it going to be different for those that are working in collecting Social Security?

Randy Woodruff:
Great question. So if you are between sixty two and your full retirement age, you're limited as to how much money you can earn every year. So let's say you're for retirement age of 67 between sixty two and sixty seven, you're limited on your earnings from actually working, not or getting not from passive income sources like dividend income and rental income and capital gains income. So once you reach 67, that that threshold is no longer there so you can start drawing your Social Security and you can earn as much money as you want to, and they're not going to take back $2 for every dollar that they give you. But they're still going to tax your Social Security. So it's important if you start drawing Social Security before full retirement age, let's assume it's 67 and you're making more than right around twenty grand and earned income. They're going to take back one dollar for every two dollars they give you. Once you get over for retirement age, you can earn as much money as you want to, but they're still going to tax your Social Security so. So they kind of get you on in two ways, and they really are pushing those people to work until full retirement age and not take any benefits what they're really trying to do. By having that, I think a very severe penalty right of taking back one dollar for every two they give you. If you're working and earning so much money, basically around twenty grand, it's actually a little under 20 grand. But if you're doing that in between sixty two and let's say, for retirement age of 67, it's a stiff penalty, 50 percent,

Erick Arnett:
That's a great point. Like, I never put the word penalty to it, and that's exactly what it is. And folks think like, OK, I reached sixty two. So now I can clock Social Security, don't start, collect Social Security, but you're actually really penalizing yourself by doing that 50 percent.

Randy Woodruff:
Wow, that's when the steepest penalties out there. Yeah, the IRS has all kinds of penalties for paying your taxes late, early withdrawals from from from IRAS or annuities or following cases, that kind of stuff. But this this penalty here is is pretty severe.

Erick Arnett:
Yeah, it is. It's truly a penalty. I think we scratched on Social Security and how important it is to just come in and see us or let's do a zoom and let's do some maximization reports for you and and get your income situation. Because a lot of people have different sources of income, it can be a pension. It could be Social Security, it could be an IRA or RMDs, Roth, whatever. So we need to be able to pop that in the software and just see how it all impacts you. And then we can put together the most solid plan possible for you so we can try to eliminate the IRS as your partner in retirement. That's that's one of our goals. So let's talk a little bit about the income gap and how we calculate that and then how different types of annuities can be impactful there. One thing I want to be clear we're not just an annuity shop or a full financial wealth management shop, but we like to talk about a new. He's on the show because they are so confusing and there are so many different kinds, and I just don't think we can talk about them enough, and if we don't answer your question on the show, then go ahead and give us a call. Reach out to us. But if you have your money sitting in the bank right now, you might be getting half a percent if you're lucky. And what's interesting is that half a percent is taxable. Whether you're collecting the income or not, you're still going to get a ten ninety nine on that income. So now you're half percent is reduced by the tax you're paying on it. So it's actually less. And then if you factor in inflation now you're making negative real return on your money. So get that money out of the bank, folks. They're not doing you any favors. You can pick up a solid what we call MIGA. It's a multiyear guaranteed annuity that's basically like a CD, almost with the insurance company as a one hundred percent financial reserve, one hundred percent solvency ratio, which is even stronger than the banks, way

Randy Woodruff:
Better than this.

Erick Arnett:
So people worry about, oh, the safety of insurance companies versus the banks, banks, folks. That's a big fallacy and a misconception. These insurance companies are solid. Some of them are even more solid than their banks, and they have 100 percent solvency. We want to we want to look at your income gap because that's important, folks. Just give us a shout out, reach out to us, call us, get on our website. What is your income gap? Basically, all it is is we're looking at what are your expenses going to look like in retirement? Factor in inflation there because they are going to increase factor in health care, then what are your guaranteed income sources? Do you have Social Security? Do you have a pension? Do those guaranteed income sources take care of those expenses that you need to get you to and through retirement? If they don't, then you have an income gap. And if you have money just sitting around in the bank not making anything, we can create income to fill that income gap. That way, you have another guaranteed income source from the annuity company. Another pension. Now your expenses are guaranteed to be paid throughout your retirement. You're talking 10, 20, 30 years of retirement with inflation and everything else, so we can put together these products, put riders on them and also go up with inflation. They can. They can double. If you go into home health care, your income can actually double with a lot of these products. Once you if you ever did need home health care or go into assisted living.

Erick Arnett:
So these are powerful, powerful retirement tools, folks, that you get to educate yourself on. We're never going to be able to scratch the surface on this show, but you can certainly reach out and give us a show and we'll we'll we'll educate you. I just want to thank folks out there for listening to take part on retirement. I truly feel that you deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. Investment advisory services are offered through Brookstone Capital Management, a registered investment advisor. You know Brookstone and take joint wealth management independent of each other in insurance. Products and services are not offered through BCMA. They're offered and sold through individual license appointed agents. Investments involve risk and, unless otherwise stated, are not guaranteed, and past performance cannot be used as an indicator to determine future results. Regardless of all those disclaimers, you really need to get in with us and see how things are going, and let's get ready for the next. You made it through the last five years. Let's get ready for the next five years because the next five years is going to be very different than the last five years. So I can I can promise you that, and I'm sure listeners are feeling that as we talk about it here currently. So let's get that thing protected. Let's get that retirement plans. Let's test it and let's create those retirement

Producer:
Warriors, folks. We appreciate you listening once again. Reach out to take point. Wealth Management on the Nature Coast at (352) 616-0511 Take Point Welcome Take Point on Retirement. It's on the web. Look for Eric Arnett, lead advisor, retirement planner and certified public accountant Randy Woodruff, who are in our studios with us each and every week that take point blueprint on retirement. A $500 value is yours now. No obligation consultation, but you've got to reach out to take point. Wealth Management's (352) 616-0511 If you have a question to send them, we may address that question and give you an answer on the air in one of our future programs. It's info at Take Point on Retirement info. The email at Take Point on Retirement and we'll see it next week. Folks, God bless.

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