Take Point on Retirement – October 23rd 2021

TPWM FOR 10-23-21 FINAL.mp3: Audio automatically transcribed by Sonix

TPWM FOR 10-23-21 FINAL.mp3: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Producer:
The following paid program is prerecorded and sponsored by Take Point Wealth Management on the Nature Coast of Florida. Take Point on Retirement, a well-rounded show from a well-rounded team leading you into retirement bliss and Saturday mornings for an hour of simple retirement advice from your friends at Take Point Wealth Management Saturday mornings 7:30. Well, good morning and welcome to the show this weekend. All weekend long you get hours and hours of information you need. You desire, you deserve in the professionals make their way to the studios to give you that information. So we've got them in a studio once again this week, my friends and yours from Take Point Wealth Management Eric Arnett, Lead Advisor, Retirement Planner Randy Woodruff, certified public accountant Bowles with the Take Point Wealth Management team up and down the Nature Coast here to serve you and here physically within our listening area so you can actually reach out and see an actual live person at one of their offices, give them a call. It all starts with that first step. (352) 616-0511 That's (352) 616-0511. Take Point on Retirement for the next hour. The information once again that you deserve and we bring to you. You don't know what you don't know these guys know. Good morning, gentlemen.

Erick Arnett:
Hey, good morning. Good morning. Good morning. The title of today's show is you don't know what you don't know. That's exactly. You don't know what you don't even know. But who the heck wrote this show? But you don't know what you don't know. We'll get into all that Take Point on Retirement. Welcome, folks. Great to talk to you today. Topics this week show we want to give you a little bit of a market update. I know I've been getting a lot of phone calls from existing clients. I've been getting a lot of, you know, even talking with prospects people are anticipating. And everybody is kind of like waiting for the boom to drop. Like, I'm getting nervous, I'm getting nervous, I'm getting nervous because the news you hear inflation, you hear supply chain breakdowns, you hear. Still, the COVID effect is having a big effect on our economy. People are not getting back to work and how not only supply shortages, but labor shortages. So even if we had the materials that we need, do we have the labor 70 cargo ships off the coast of California? I mean, it's kind of strange,

Randy Woodruff:
Like, that's just kind of

Erick Arnett:
Just really weird. I was reading in the just, yeah, I was reading an article this morning. I don't know, never in a million years in my entire life that I ever think this would occur or how it occurs. I don't know. But there's a magnesium shortage. Ok, so I guess I could look around the studio pens, paper, hand sanitizer, towels, toilet paper, whatever computers. I don't think there's anything that there isn't a shortage

Randy Woodruff:
Of time to short the market. Yeah, yeah. Don't say that. I'm kidding. I'm kidding. I'm kidding. I did not.

Erick Arnett:
That was not compliant. Advice? Yeah, yeah. Everybody is like, what? What? But no, for real, though, this was kind of crazy. A little market update for you. The auto industry worldwide is almost in a panic. It's funny how all of a sudden like these stories surfaced when you know they've been there for quite a while, but nobody wants to, I guess, let the cat out the bag. But some reporter on Fox Business News broke out on the story, and it was pretty interesting to me, and it was it was a little alarming. I thought to myself, What the heck? There's a magnesium shortage, which we use magnesium when we build automobiles. They use it in the aluminum. Don't ask me how, but it's part of the fabrication process of building the frame of the cars. And I guess really, actually, magnesium goes in a ton of different things and components that they build autos with. So not only do we have the labor shortage, do we have the chip shortage semiconductors that go into cars, by the way, I'm still on now. I'm on eight months without my refrigerator that I ordered from General Electric. Eight, yeah, eight months. I guess I need to go to like another country. Maybe, maybe I'll go to a Third World country and I'll be able to get my my, my products when I work on one of those ships out there. I mean, yeah, kind of. It's really a strange, strange time to be a consumer, that's for sure.

Erick Arnett:
But the magnesium shortage, they said by November, they'll run out of it so the automobile industry could come to a complete halt. Now, supposedly in America, we do have access to some magnesium supply to where it wouldn't completely shut us down, but it would slow down production a bit because they wouldn't be able to produce as much. And so when the auto industry gets hit in our country, that can be somewhat of a concern, right? We're going to talk about inflation, of course, some more today. Beating bank CDs with fixed index annuities. Five important things to own during your retirement. A little fun we'll have this week in history. Kind of look back and see what was going on this week in history. Common misconceptions regarding Social Security risks every retiree and pre retiree must consider. And then, of course, our final countdown. One of the things that we've been doing. Just a little tidbit. I actually. A phone call from a client on the way into the show this morning kind of nervous about the markets, we're hitting new highs again and but there seems to be a lot of bad news out there, like when's the hammer going to fall? Don't worry, I said back in the at the beginning of the third quarter, we already started paring back the portfolios, taking profit, taking risk off the table. We've been adding commodities, we've been adding real estate. We've been, you know, gold, all these types of things. We've already started adding months ago into the portfolios structured notes.

Erick Arnett:
You know, if you're if you don't know what a structured note is, please call me, email me. I'll get you a white paper out on that. It's very important. It's a big part of our portfolios right now and how we're mitigating risk. We have already broadly been diversifying the portfolios, paring back the risk, selling certain sectors like the technology sector that got really hot and on fire and reached astronomical highs, and those stocks were getting pretty overvalued. So we're picking up stocks in other sectors. Value stocks. Randy, I told you three or four months ago we were going to start picking up value stocks and selling growth stocks. Well, sure enough, value is crushing growth right now, and that's typically what happens in an economic cycle as you prepare for potentially a contraction in the economy. Your consumer staples your commodities, those things will will hold up just fine, if not even appreciate. And sure enough, with the worldwide shortage of commodities now, prices are going through the roof. So and I guess that's the importance of having an active money manager on your part with your portfolios and your retirement. Is somebody watching it every day bringing ideas, making changes, monitoring your portfolio? You can't just have a basket of mutual funds based on last year's performance. And you know, and what I find often, too, is when I look at a portfolio that somebody brings in to me, they have 20 different mutual funds, but they're all in the same stocks.

Erick Arnett:
They're all the same sector, they're all large cap growth. You know, they think they have diversification, but they don't. And I show them it's like, OK, well, all your money is in one sector of the economy, so you can't do that. And so as long as you have your money spread out in multiple disciplines, multiple strategies and you have so many actively managing that and making shifts in your portfolio, you're going to weather all storms, you know. As an example to this gentleman said, you don't have to worry about your portfolio because we have it so broadly diversified, it'll weather all storms. In fact, we've already started making other portfolios very defensive. So that, to me, is the value that no, an active wealth management advisor advisory team will bring to the table. So many people out there just kind of going it alone and say, and and I get it, I hear it all the time. Well, my portfolio has done so well. And yes, you know what? A rising tide will float all ships. I get that. So everything's been going up over the last five, 10 years. But now is the time more than ever to have an active portfolio and actively manage portfolio by a professional that knows the ebbs and flows of the market. Knows where the opportunities are. Knows when to sell this. When to buy that. So you need somebody to be able to work your portfolio actively.

Erick Arnett:
You just can't be holding a bunch of mutual funds and hope that things are going to continue to go up and they may continue to go up. I don't know. I don't have a crystal ball, but you know, we can certainly optimize your portfolio. There's a lot of ways to do that. As a reminder, for all my radio and podcast listeners out there, you guys get a free financial plan all the way to your ninety fifth birthday in a free portfolio analysis. So to get that, all you got to do is visit Take Point on Retirement, that's Take Point on Retirement and click and set an appointment button on the upper right hand corner. If you don't want to go online, you can just call us right now. You know, give me a shot right now. Three five two six one six zero five one one three five two six one six zero five one one And we'll be ready to help you. So I think it's important for folks more than ever to get that second opinion right and to see are there any potential risks in your portfolio? You overweight it in one sector or another? How are your fees affecting you? You know, how are tax? How are taxes and tax sensitivity? I mean, we're not. We've been talking a lot about taxes on previous shows, but that's probably the number one concern. We may get into that a little bit later or on some other shows.

Randy Woodruff:
But yeah, you mentioned, you know, people just sitting back and riding the, you know, riding the tide up and down and not really actively managing their portfolios or working with a financial advisory team that can do that for them. And I think I mentioned this on a previous show time or two ago that, you know, a lot of folks have been, you know, involved in a four one K planet their work and said they've kind of become conditioned to it. Just put your money in every paycheck and you get a, you know, a selection of mutual funds. There's really nobody actively advising you giving any kind of real advice. You just basically you're at the you're at. Whims of the market. You know, so so we've been conditioned to just for the last 30, 40 years investing that way, and it doesn't have to be that way and it shouldn't be that way, especially in retirement, because you don't have any you don't have any time to go out and make more money. So you have to make sure that that someone is actively watching over your portfolio, actively watching over your investments and making sure that they're thinking ahead. Look at looking ahead, forecasting right and making making moves that are going to be, I say, congruent with that forecast.

Erick Arnett:
Yeah. If you don't, if you don't have an advisor. First of all, I mean, we'd love to be your advisor. But if you don't have an advisor, if someone is not calling you and they haven't been calling you recently and they're discussing looking ahead, making potential changes, making your portfolio a little more defensive, I am not at all advocating market timing here. I don't believe in, you know, a lot of people tell me, Oh, should I get out completely getting it? No, no, no. You can't do that. And that's why if you have a properly structured portfolio with gold commodities, real estate stocks, bonds, structured notes, maybe some index annuities in there, you're going to weather all storms and your plan is going to be just fine. The only reason you may be fearful or worried is because you truly don't know how your portfolio is composed and comprises so you and you're not educated enough.

Randy Woodruff:
Education is so key.

Erick Arnett:
Absolutely. If you're educated and you're confident with your portfolio and you're clear and confident about your heads, no matter what. Listen, there's always going to be crazy stuff going on in the world, right? I mean, there's always going to be events, black swan events, you know, crazy things happening. That's not going to change for the next 30 years of your life. I mean, we're going to have crazy stuff going on. But that's why you have to have a very well diversified portfolio with an an actively managed management team looking it over and being proactive. You know, if you don't have a proactive team or advisor on your retirement planning in your portfolio, now's the time you have to do it. You really do. You probably gotten away with it just fine up to now, but it's it's going to be a little bit more, a little more volatile and a little more sketchy going forward, for sure.

Randy Woodruff:
And you mentioned crazy things happening and just thinking of crazy co-produce. I think overall how good things really were going in our country and pretty much around the world. Yeah, we had some pockets of maybe some geopolitical strife or whatever and different things, but overall things were going really, really well. And then boom, all of a sudden out of nowhere, the world shuts down basically all these lockdowns going on and really has had a negative impact right now for the last year and a half. And so to your point, there's always going to be crazy things happening, things that. Who would have thought that we would have had the coronavirus? To your point, you have to have a portfolio that can withstand off storms. It's going to be well designed, well thought out and one that also fits your investment objectives.

Erick Arnett:
Yeah. And you know, and if if inflation is here to stay, then guess what? We have strategies to capitalize on that. So the main thing to understand about inflation is that it reduces your buying power, you know, meaning each dollar you hold will get less in the marketplace. Inflation can also be hidden at times. You know, a hotel room may cost the same as it did a year ago, but you may receive fewer services with your with your fee, right? So inflation is likely to continue as the economy emerges from the effects of the pandemic, and we have also had accelerating wage growth. We've had the Biden team pump billions and trillions of dollars into the system. This is going to cause inflation, so you need to have a portfolio that's going to capitalize on that or whether that got lots more to talk about. And we'll get to it in our next segment.

Producer:
And folks, we got to take a quick break here from our sponsor. We'll be back with Take Point on Retirement after this. Glad you're with us! As a reminder, the radio podcast listeners get a free financial plan to their ninety fifth birthday and a free portfolio analysis to get that all you have to do is visit Take Point on Retirement. Com And don't forget the click that set an appointment button upper right hand corner. Also, the phone number to call three five two six one six zero five one one, folks. We'll be back after this. Infrastructure notes involve risks, though not associated with an investment in ordinary debt securities, the securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other government agency, nor are they obligations of or guaranteed by a bank. The securities will not be listed on any securities exchange, and secondary trading may be limited. Therefore, there may be little or no secondary market for the securities. Accordingly, you should be willing to hold your securities to maturity. The securities are subject to the credit risk of the issuing bank and any actual or anticipated changes to its credit ratings or credit spreads may adversely affect the market value of the securities. Well, here we go as the show continues, we're going to keep giving you the information you desire. You deserve true Take Point Wealth management fiduciary services up and down the nature coast here within our listening area. A team of professionals on your side, by the way and in person. All you got to do is reach out to Take Point Wealth management give them a call now. Three five two six one six zero five one one take advantage of that no obligation $1500 value Take Point Blueprint on retirement. We'll be offering that all morning long to all of our listeners to day once again as we continue. Eric Arnett, Randy Woodruff from Take Point Wealth Management in the studio with us.

Erick Arnett:
Welcome back retirement warriors to Take Point on Retirement. So if you're wondering what what the heck are retirement warrior, it's somebody who wants a tax efficient, a fee efficient and a market efficient portfolio. They want to keep growing their wealth and put their dollars to work for them. They don't want to run out of money and end up with just Social Security and their family to support them. So we're building retirement warriors that Take Point on Retirement, and we'd love for you to be one. So today we're going to continue talking about how we help our retirement warriors and one way that we do that is beating bank CDs. We have clients coming in and prospects off the radio show and everything all the time say, Hey, you know, I've got this money sitting there just sitting in the bank. It's not making anything, it's not earning any interest. In fact, interest rates, CD rates are at historical all time lows, so being too cautious and too conservative can actually be very detrimental to your retirement. And we've seen this a number of times where folks have been, you know, holding on because of fear and for years and years. And it's now it's affected them drastically. And we've been talking to these folks for years and years and years and says the reason you've got to break away from that fear and get your money moving and get it, get it activated is because if it does just sit in the bank for five, 10, 15 years, guess what? Inflation's going to eat it alive.

Erick Arnett:
Well, what has happened? We finally got that inflation. We've got the highest inflation we've ever had in 30 years. Five point sixty five point nine percent inflationary growth unprecedented. So guess what? The purchasing power of that money just sitting there is rotting. You're losing money. It's hard to fathom if you just have your money sitting in the bank. Think about it. Your money is deteriorating on a daily basis. You're losing money. And by the way, on that measly little amount of interest that you might be getting in that bank city, you're paying tax on it. So, hey, I was called me up 10 years ago. Let's go back 10, 15, 20 years. I think CDs were just fine, but come on. I mean, why would you have your money in a CD or just sitting in the in the market and the money market? You know, basically earning nothing because running out of money is actually the number one fear for retirees, even even more than death. Isn't that crazy when retirees are polled and no one fear is running out of money? Well, guess what, if you're not at least earning something to beat inflation, you will run out of money. We're not even getting into what health care costs and and living costs and food costs and medicine costs, and all that stuff is going to be five, 10, 15, 20 years from now.

Erick Arnett:
We don't want to scare you to death. You know a panic here, but we want you to start thinking about these things and get in and talk to us. And let's show you how we can put a long term plan together and beat this index annuities. Great way to beat CDs. Mm hmm. So if you don't know what an indexed annuity is, please call us. Go to Take Point on Retirement or call us go up in that top right hand corner. You can just click right there and set an appointment real quick in the upper right hand corner. Or you can, of course, give us a call three five two six one six zero five one one That's three five two six one six zero five one one. I love to walk you through and show you and compare an index annuity to a CD and just show you how great and impactful that can be long term for your retirement. Annuities tend to sometimes be a dirty word. We we had a gentleman in the office last week and all I did was mention the word insurance, and he about came out of his chair. Oh, don't talk to me about annuities and insurance.

Randy Woodruff:
He actually said, These do. These are these

Erick Arnett:
Are hard things, bad vehicles. Well, unfortunately, there is a real lack of education out there. Don't believe some. Log or something that you see or hear on the internet, please educate yourself, like everything else I tell people when I learned as a little kid, there may be two sides to every story, right? Or there may be two sides to every whatever. So read a book on one side, read a book on the other side and then try to make a decision yourself and an informed decision. So educate yourself first before you just take somebody else's word for it, right? I mean, all the crap that we hear on TV and stuff, I don't just take that verbatim. I go back and then I research, Is this really true? And sometimes you find out it is just a bunch of BS, right? But people take it right at face value and be like, Oh, that must be the truth, because it's on TV or the internet.

Randy Woodruff:
Anyways, one of the things we've uncovered in our meetings with folks who do have a bad opinion of annuities, it's usually it's something that happened to them or someone they know years and years ago when there were a lot of bad actors in the industry and there were a lot less regulation and good guidance surrounding the use of annuity. So, you know, if you're out there listening and you've had a bad experience with annuities 20 30 years ago or know someone that has things have changed a lot or a lot more regulation and guidance surrounding when they're when they're appropriate. So please be open minded to learning more about annuities because, as Eric said, they can be a great way as a great hedge against inflation or even to beat inflation. You folks that are listening the last five 10 years, even though interest rates haven't been all that great at the bank, you can put your money in a, you know, one five year CD and make percent or two, probably keeping up with inflation. For the most part, even though you weren't getting ahead of inflation, even though you weren't making any real money when you factor in inflation, you weren't going backwards. Well, now with inflation the way it is and projected to be, you're going to be going backwards with your with the value of your dollar. And so you're going to have to consider no longer sitting on the sidelines and just being happy with CDs. You're going to have to educate yourself and learn more. Come in and talk to a financial advisor and see if there's some better products out there for you.

Erick Arnett:
Yeah, great. Great point.

Producer:
By the way, I want to mention we've played several audio snippets of the book Annuity 360, just one of the books that's offered by Take Point Wealth Management for free folks for you today. All you got to do is call them educate yourself by picking up Annuity 360 and call them at (352) 616-0511 or go to Take Point on Retirement and get that now.

Erick Arnett:
Yeah, perfect. Thank you. Let's talk about a few things that I think is important five important things to own during retirement. So of course, these are kind of silly, I think in a sense. But in this time and age, if you think about it, maybe it's not that silly having a good, reliable vehicle for for retirement because you might not be able to buy a new one anytime soon.

Producer:
So going back to the future in that, let's go back to the DeLorean, you know, stainless steel cars, right?

Erick Arnett:
Yeah, exactly. Yeah. Who knows what? I have faith in our engineers in America to hopefully get over this and get through and figure something out.

Randy Woodruff:
Plus, that's just the cost of cars, you know, it's gone up significantly. I mean, if talking to folks that that were maybe buying a car back in the seventies, what they caught with the cars cost today. I mean, I think I it ever went and checked it out. But I would say that the cost of vehicles has outpaced inflation, you know, and because. And probably housing has to. So some of your bigger ticket items, you know, over time, they're probably outpaced inflation. And I just think what you could buy, you know, getting a brand new car now, granted, you didn't have all the bells and whistles we have nowadays because there wasn't technology back then to to be able to facilitate those bells and whistles. But as bells and whistles cost money. And now guess what? We all want them, and pretty much it's hard to find a car without them now. So you know, you're looking at a, you know, you're spending a significant amount more money, you know, just to buy a car. So to your point, you know, reliable transportation, even though it seems at first seems kind of silly, but kind of is. And especially as you get older and you're in need to go to doc, you know, they're going to those doc. Those appointments are it's important that you make those important that you go to those. And with us having a I don't want to say, a health care worker crisis. I know we've been hearing on the news about people getting fired from their health care, jobs and things like that. But I think over time we're going to see a you're experiencing already somewhat of a harder time getting access to your doctor. And so having that reliable transportation. So when it's your appointment time, you can actually get in to be seen and take care of yourself.

Erick Arnett:
Speaking of, like all those health mandates and vaccination mandates and all this stuff, it's interesting to me that a year ago, our nurses, first responders were our heroes. The administration was saying, Oh, you know, celebrate our heroes and and they were truly heroes. I mean, because some of the stuff they had to deal with and are still dealing with on the lines of this pandemic are unbelievable. I have a good friend that's a nurse lives next door to me, and at times it's been pretty, pretty tough. And so I applaud all those first responders, nurses, medical doctors. I mean, you guys have really risen to the occasion, but it's interesting to me now. All of a sudden we're going to threaten these same great people with their jobs and say, Oh, if you don't get the jab or the shot, you're no longer welcome here. I mean, that to me is insane. I haven't heard that at the local level. I know that you happen to. I want to step on any toes here, but you have some insight. I'm not going to say how and why, but you have some insight into the local hospitals, hospice and all that. And I'll let you share your positions if you want to. I just don't know if I can disclose that or not on public public radio, whatever. But what are you hearing and seeing it kind of the local level as far as that's concerned? Do we have to worry about that here?

Randy Woodruff:
So I think I'll share with you from one of the medical boards that I'm on. You know, we were hearing these, you know, mass vaccination mandates coming down the coming down the pike, and we want all of our staff to be safe and our patients to be safe and to protect those around us. At the same time, we didn't want to jump out there and be the first one to make that mandate. You know, we're we're going to we're going to follow, you know, the government recommendations and mandates. If we have to, we will, you know. But at the same time, it's it's tough to get health care workers as it is. Even before the pandemic, nurses were in high demand. I mean, we were having to pay another another board that I'm on going to pay one hundred and fifty dollars an hour for nurses just to get the, I say, the agency that represents them. Now that was during the crisis and there was a shortage and we had a significant number of Cobra patients under our care, but in that sense backed off.

Erick Arnett:
If that's still the case, I'm out. I quit. Yeah, I'm going to be hiring candy stripers.

Randy Woodruff:
Exactly. Yeah, I'm going. It's half an hour. It's, you know, when you get into some of the, you know, I'm not in any way trying to disparage these health care positions, but, you know, say from a, you know, some of your some of your health care workers that are out there on the front line, like in nursing homes and ALFs and doing the assisted care. I mean, those aren't the glamorous jobs of health care. You're not there aren't the plastic surgeons and the and then the surgeons and stuff like that and make the high dollars. And so when you get into mandating that people that are making a lot less money mandating that they if they actually take a vaccine they don't believe in, they can go get other jobs, other places, especially with the worker shortage. Right now we have in America, they can make something similar what they're making now and not take a vaccine they don't believe in. So, you know, these mandates, I think we're going to start seeing some of the fallout coming up here as they begin to take more and more effectively seeing that with southwest them a couple of weekends ago. And then when they I'm not trying to say the pilots didn't come to work because of the vaccine mandates, but that's what we're hearing more and more of, right? Despite what Southwest is saying. So yeah, I think that for those listening, regardless of the pandemic, regardless of vaccine mandates, health care overall is going to become more and more important. We're going to have more and more of a a shortage of health care workers, and there's probably going to be more and more of a very difficult time getting in to see the specialists that you need to get in and see because more and more health care is going to manage care. Just like we're recommending that you need to be on top of your finances and your retirement and your cash for retirement, you need to be taking the same level of concern and and interest in your own health care.

Erick Arnett:
Yeah, I mean, that's a great point. You want to be covered from health care costs that could be a drain on your assets. You know, we don't want to get into the situation where we have to drain your assets. So maybe long term care insurance annuities will help you to worry. You know, you'll never run out of money. You always have an income for life coming in. And in fact, some annuities even have riders on them where they provide for home health care, assisted living, nursing homes, things like that. So you really owe it to yourself to to educate yourself on where to where. You can really pick up some great benefits and invest your money today as opposed to just kind of have it sitting there idly on the sidelines.

Producer:
And it's funny how the older we get, the more we pay attention to our health. And with health care, prices may be going up here in the future. It's something we need to look for and plan for. Of course, you can't see the future, but you can plan for it in. The folks to plan with is Take Point Wealth Management. Give them a call now. Three five two six one six zero five one one You've been hearing from Lead Advisor Retirement Planner Eric Arnett in Randy Woodruff. They still got more information to share with you today as we continue with the five important things to own during retirement. Hang on, we'll be back with Take Point on Retirement after this. You might have heard a financial adviser talk about replacing your bonds with annuities to protect your wealth and grow your retirement funds at Take Point Wealth Management. They believe this is a smart way to protect your future. Many people have learned that bonds are a safe way to invest your money, but there are some downsides to bonds that should make you think twice. Reasons why you should consider replacing your bonds with annuities. Fee efficient accumulation based can generate market like gains without an traditional market risk, avoiding income rider fees that are typically associated with income based securities. Why would you take market risk with your bonds when your bonds can lose their value if bond replacement is starting to make a lot more sense? Take Point is here for you.

Producer:
All you have to do is call three five two six one six five one one or visit Take Point. Welcome to set up a free consultation! So what are you waiting for? Take on the nature coast of Florida. Fixed annuities, including multiyear guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, reasons or any charges, as described in the annuity contract guarantees are backed by financial strength and claims paying ability of the issuer. Let's take a pause for station identification. You're listening to ninety nine point nine FM JB Homosassa. Retirement warriors, listen up, Take Point Wealth Management in the House, says they are every single weekend to give you the information you deserve on your retirement, that stress free retirement is what we're talking about. Portfolio risk analysis client control over assets at all times money management Just a few of the services provided through fiduciary services up and down the nature coast called Take Point Wealth Management. Actual people here to assist you that you can actually meet with in person. Just give them a call at three five two six one six zero five one one. Offices up and down the nature coast and in our studios once again. Eric Arnett, Lead Advisor, Retirement Planner. Randy Woodruff, Certified Public Accountant Two members of that well-rounded team of professionals here to help

Erick Arnett:
You become so reliable vehicle. One of the five important things you need to own during retirement. And hey, that might even be more of a challenge, you know, going forward if you want to take some nice road trips. Most retirees want to take a nice trip and travel, so it's important to have that vehicle ready to go and get ready for retirement. Also, don't want to have to rely on people to get rides right. So obviously another important thing you want to definitely own is your home, right? Owning the home gives you the freedom you likely don't want to move in with your children, right? Probably the biggest fear is having to move back in with the kids, and you know, the home is just a very valuable asset. We've seen that in Florida, obviously, where the home prices have gone sky high there, really, and they keep on climbing. So, you know, you always want a safe, clean, comfortable place to lay your head and there's no place like home, right? You know, here's one that's a little bit more pertinent as far as far as what we do, but emergency fund. So when we do that free financial plan for you, that free financial analysis and we do it out to age ninety five. Well, one thing that we do is we also test that plan. And hey, you may have some ideas we can test them to, but we throw a thousand scenarios out the plan to make sure it holds up against market risk inflation, good times, bad times and all combinations thereof. But one thing that comes up quite a bit is how much do I keep in in cash? How much do I keep in my emergency fund? It's very important that when you're doing your retirement planning that you know you pay attention to this too is make sure you have a good emergency fund.

Erick Arnett:
So you know when unexpected problems arise, you'll want to have enough liquidity in your portfolio or in your bank account to where you can grab cash real quick and take care of those emergencies. Your fund should have enough to cover at least three to six months of expenses. So I always tell people, you know, Hey, it seems like you're sitting on a lot of cash there, you know, it's not really doing anything for you. What's the reasoning behind that? Well, you know, just, you know, it just kind of have it sit around. I don't know what to do with it, and I'm afraid to do anything. And OK, I get that. But at least start educating yourself. And maybe even after you educate yourself on all the different things that you could do with your money to better your retirement, you may still make the decision to say, No, I'm OK, I'm just going to keep it here in cash. But what I always ask people is how much money do you really need just sitting in cash, just sitting there, deteriorating. And some people have a number in their head like, Oh, I got to have fifty thousand in checking or I got to have one hundred thousand in checking. So that's fine. It might be a number. But bottom line, you know, three to six months of expenses is fine. The rest of the money should really be working and be active to so you don't run out of money. The perfect example that I always use in one of the reasons why I got into this business was I saw at an early age I was, you know, in my teens, early 20s

Randy Woodruff:
And defined early. Yeah, yeah, I'm kidding.

Erick Arnett:
Yeah, I don't even know, really. But my grandmother, a personal story, lived much longer than, I guess, most people expected. My grandfather passed away, left her a nice, nice nest egg, had good, you know, pension income, things like that. However, she lived a long, long time and her money was always kind of under the mattress and invested very conservatively. And she wasn't getting really that good of rates, but she felt like, Oh, hey, that's what I know, and it's, you know, giving me interest, and I'm not going to take any risks with this money. And it's just I just feel safe with that. Well, sometimes that safety feeling can kind of be, I think, a a false positive or even a yeah, like a crutch or even like it can be a misconception.

Randy Woodruff:
Lack of education. Lack of

Erick Arnett:
Education. So. And sure enough, she she ran out of money. I mean, things got more expensive. I mean, all of a sudden you go from a home that you lived in to. Now you're paying rent at these high, you know, assisted living facility and stuff, $5000 a month or whatever it was. And and she eventually ran out of money and had to come back home and live with my parents in her 80s. And that was not a great situation. So really important to make sure that that money is working for you. By all means have that emergency fund, but there's a fine line there as to how much you just have kind of sitting there rotting and deteriorating. We talked about insurance when unexpected problems arise, insurance is a great way to alleviate those risks, you know, you want to be covered from health care cost that could be a drain on your assets, long term care, things like that. So we can certainly go over all those products, whether you be, you know, keep in mind, we're licensed insurance agents as well. So long term care, we can talk to you about that. We can talk to you about life insurance, whole life, term life, disability,

Randy Woodruff:
Excuse me, disability

Erick Arnett:
And disability insurance. I mean, you name it. So we also are experts there at Take Point Wealth Management.

Randy Woodruff:
So that's one of the things that I think with having multiple licenses and being able to offer multiple solutions. I think, you know, lots of times folks go into a financial advisor and all they're focusing on is, you know, growing their wealth, which isn't just a great thing to do, but you also need to make sure you're insuring against your risks. And you just mentioned some of the risks, like long term care insurance. I mean, long term care we've talked about on this show several times over the last year or two and that, you know, long term care insurance, long term health insurance costs are going to be very expensive in retirement. And if you're still working having disability insurance, you know, if you're if you become disabled and can't work and you're and you're the main breadwinner in the family, yeah, that's a big deal. Yeah. And also having life insurance, I mean, you know, to make sure that if you even if your kids are out of the house and they're grown, if you don't have a lot of liquidity or able to get liquidity quickly with the way your assets are invested, you know, having even if it's a smaller life insurance policy just to provide your surviving spouse and liquidity to so they're not stressed out about how they're going to pay certain bills or how they're going to handle certain things. Or, you know, they may need to make a move. They may need to to sell the house. They have here moved closer to the kids or other family members, and having that liquidity will give them the ability to make that move and transition a lot easier.

Erick Arnett:
No, that's a great point.

Producer:
Real estate, you're also a licensed real estate, correct? Yeah. So that also throws that nice little credential in the basket there as well. For Take Point Wealth Management, it's all something on TV. The other day ago, the fact that a lot of people are thousands are moving into the state each and every month. Thousands of folks are going into this state now. Rules and regulations and things like that are different right from now here in Florida than what they're used to up north say for real estate or all the things that you mentioned the insurance, the disability, the Social Security, the taxation, the inflation. I mean, all that real estate legalities.

Randy Woodruff:
We yeah, we definitely recommend when we work with if we have somebody moving from up north to to here, we we we connect them with an agent that's in their area that that best if it's out of State of Florida, not as big of a deal with death, we recommend they work with an agent closer to where they're at in that state and or hire a real estate attorney to help them with the closing to make sure they're not. Nothing gets missed. But then on the investment side, we like to when they get here, make sure that they've been in their estate planning documents, make sure they meet with an estate planning attorney here, make sure their documents are compliant with Fordham law and also take a look at their investments to make sure that that the investments they have here are going to be, you know, suitable for what they're because typically when people move here, they're transitioning into a new lifestyle as well into a new phase of life. And so it's good to go and do a total review of everything you're doing to make sure that what you have had in the past is going to fit your new lifestyle and life and new goals and dreams going forward here in Florida.

Erick Arnett:
Yeah, great points there. I mean, great points and we have daily tons of questions on real estate because it's an investment for folks. And for some folks, that's their only investment or their primary investment. So we're happy to help them with that and evaluate all those situations. When to buy, when to sell. Certainly feel free to get a hold of us. Contact us. Call us three five two six one six zero five one one or go to Take Point on Retirement. Click that button and I'm happy to get you in touch with Randy and come on in and do a real estate evaluation as well. And because I know that's paramount on people's mind. I mean, the market's been hot here in Florida. We get that question all the time. Should I be buying real estate? Should I be selling real estate at this time? What do I do? Perfect example. I have a friend that lives up in up in Massachusetts, and he called me last night and he's like, Hey, you know, I want to come down to Florida and invest in some real estate and, you know, do some houses and this and that and some flips and none at all. They're here and how hot the market is down here.

Erick Arnett:
And and so I said, Whoa, whoa, whoa. Wait a second. I said, All right, you know, let's talk about that. You know, let's go through, what are you trying to accomplish? What is your goal and why do you want to do this? And and then I said, we're going to set up a conference call with Randy because Randy's been doing this for a long time. He's got a lot of experience in real estate, all aspects of real estate, property, commercial, industrial, industrial, developing property, developing properties. So foreclosures, you know, 30 some odd years involved in those types of transactions and situations. So that's a great great point and a great part of your portfolio in retirement. And and also, how is it going to impact your tax wise so. We go through that all the time with some of our clients, so if you're out there listening and you kind of have a question about something looming like, Hey, I got a couple lots and I'd be selling them now should be buying more lots or whatever it may be. Give us a call and we're happy to spend some time with you and and really help guide you through that decision.

Randy Woodruff:
Yeah, all great points and one of the things and back to something you said earlier in the first part of show about timing the market, you know and well, real estate is a market. Also, you had the stock market, you got the real estate market. And so I mean, I was doing I was flipping foreclosures back in the first part of the of the financial crisis back in 20, 10, 11, 12 and 13, because it made at that time for me, financial sense to do it because there was still a very trying times. Financially, there was a lot of houses coming on the market and there wasn't a lot of people doing what I was doing. So it made sense to do it at about 20, 13 or so. There was too many people, you know, buying foreclosures, flipping them, and so their profitability became a lot less. So, you know, there's a there's a time and a season to get in and out of most everything, you know. And also there's a certain investments that fit people's investment profiles. And so I don't suggest that people try to time the market when they come to Florida to buy real estate. If you're buying a primary residence, it's going to be where you live at. I'm not suggesting that you overpay, but you have to live somewhere and I recommend if you can buy something, buy it so you've got some stability and where you're going to be living at it in retirement.

Randy Woodruff:
I mean, anybody feel like you're overpaying, you know, over time, looking back over time, like like the market, the market stock market's gone up, as has the real estate market. And if you're looking for some person, if you're looking to try and come down here to Florida and flip houses, you know, it's there's not a lot of houses on the market and they're being gobbled up by people that need to live there, so they're willing to pay a higher price just to have a place to live. And so when you're competing, if as an investor, you're competing with people that need a place to live, you know, they have a much more, they have a much greater need in a sense of urgency than you do as an investor. So keep in mind that that's what you're saying. You can't find some deals, but they're just going to be harder and harder to come by. But if you're coming to Florida and you're going to live here, but you want to make real estate a part of your portfolio if you bought commercial real estate or residential real estate as an investment for rental property, if you buy it two years ago, you definitely probably were going to get a lower price, but it's kind of a tight time in the market.

Randy Woodruff:
Does this sector belong in your portfolio? You know, does this annuity belong in your portfolio? It's not so much about you. Buy it a good time, but you also don't need to try and time the market when it comes to the stock market. The same thing is also true in real estate. So if you think real estate is something that you're comfortable with and you want to be a part of your portfolio, I'm not suggesting that you overpay for it. But over time it's going to appreciate in value and real estate, especially if you buy a good quality piece of property. It's going to provide a good, consistent income stream that here again should give you give you the ability to adjust for inflation. You can adjust your rents up and so you have some control over over that cash flow. And so as inflation goes up, you'll be able to adjust your rents to keep your cash flow, hopefully consistent or increasing as time goes on. And here again, you'll get some appreciation and value to. Well, theoretically, you'll get some appreciation in value as well.

Producer:
There you go. Free advice is always from Take Point Wealth Management. We give it to you just like we know how. And of course you don't know what you don't know. Take Point on Retirement. Is show brought to you every single weekend here on this station from our friends at Take Point Wealth Management folks got to take a quick break. We'll wrap up. We've been talking a little bit about important things to own during retirement, and we want to share some risks every retiree and pre retiree you must consider as well before we go. So hang on, we'll be back after this. Eric Arnett is an investment adviser, representative of Retirement Wealth Advisors LLC, an SEC registered advisor. Hey, Point Wealth Management. This station in 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. Ok, so goes to music, so goes the show, and we're going to wrap up here with our retirement warriors brought to you by Take Point Wealth Management, a show called Take Point on Retirement. The stress free retirement is what we've been talking about and we'll always talk about because you, you get the sleep at night. Don't worry, no anxiety, no stress. These folks want to make sure that at take point wealth management up and down the nature coast within our listening area. Eric Arnett, Randy Woodruff to take us home.

Erick Arnett:
Thank you, sir. One of the things that you definitely want to own and kind of as a caveat, rolling in from the last segment about real estate, I view real estate as a kind of a labor intensive investment. It's a little more stressful, but your schedule, you want to own your schedule. This is one of my most favorite. The fact that it's the most that's kind of the most favorite part. I have one I'm planning with folks is talking to them about what's your schedule look like? What are you doing in retirement? What do you want to be doing? Do you want to be managing a bunch of real estate, fixing up things, doing handyman work, dealing with renters and all that kind of stuff like maybe you do? That's fine. Nothing against that. But retirements about enjoying the life you worked so hard to build, right? And you definitely don't want to have to go back to work. So don't create work for yourself by, first of all, and then unless you're just so darn bored and you got nothing else going on. And hey, work is your hobby. I know a gentleman that states that to me quite often, and I look at them like, I think he's crazy. But no, I'm not going to mention anything but but and you certainly don't want to spend time watching the stock market and managing your own assets. Who the heck wants to do that? I know in my retirement I want to be out on the boat. I want to be traveling in the camper, or I want to be doing fun things. The last thing I want to do is be sitting there, watching the stock market and worrying about all that jazz or worrying

Randy Woodruff:
About tenants and repairs.

Erick Arnett:
I mean, you want to be able to travel, you want to spend time with your loved ones. The important word there is time capitalized. Your time is your most valuable asset. Let's face it, folks, when you're if you're talking about retirement and you're in retirement, you know you're probably at that point in your life where time is getting even more valuable, right? So spend it with your loved ones, you know, see this great country and maybe travel the world. I had something that was very, very rewarding to me over the last couple of weeks. I've been talking to a gentleman for years and he just wasn't ready to give up the reins yet. You know, he finally came in and said, You know how I should have listened to you years ago, but here I am, hat in hand. But what was exciting to me was he was retiring and he was phasing out. He's stopping work. He's going to stop working in 2022. And so we talked about it and he was kind of a self doer, a control guy. I like to look at his portfolio and he said, I don't want to do this anymore when I'm retired, you know, I don't want to worry about this. I want to be out fishing, travel and having fun Margaritaville, all that good stuff and just enjoying life because we don't know how much we have left of it.

Erick Arnett:
He's like, I'm going to let you worry about the money and stress about the money and and watch my account. That's all you know, he's like. Here it is. That was great. That was a very rewarding experience for me because that's why I'm here. That's why I do what I do. It's not about necessarily the numbers and stuff, it's about bringing quality of life. And that was exciting to me that that man was ready to, you know, after working his butt off for so long and socking money away and stressing about it. He was ready to release the reins and let it go and go out and enjoy the rest of his life. And something must have happened in his life that was impactful to him. And I just urge you guys out there listening. I really am passionate about what I do, and that right there is why I do what I do. And if you're listening, I mean, I love the opportunity to sit down with you and create that dream or that retirement or or take something off your shoulders or something away from you that free up your time and you just shouldn't have to worry about that stuff. And I'll show you how you won't have to worry about it. I'll build that confidence in you. We had one gentleman, you know, same guy. I'm kind of laughing about an older gentleman, you know, in his 70s and he said, You know, Oh, there's no way I will ever let anybody else manage my money.

Erick Arnett:
I can lose my own money. So it was kind of funny, right? I mean, in a sense, it's true. But after talking to him through a couple of appointments and stuff, he's coming around well, you know, I think maybe come back in and talk to you guys. So it's just just take the time to educate. So I don't care if it takes three, four or five appointments. No one's holding a gun to your head and saying you got to invest with us or or get out of here. We just have fun with it. I don't get excited about putting up big returns or or anything like that. I get excited about creating that quality of life and seeing people able to say, You know what? We're so excited to retire, and we're not going to worry about this stuff anymore, and we're going to go do what we want to do and have fun and enjoy ourselves. And time is really not on your side anymore. So do that. Please let let let us do what we do and let us take care of that for you. Take care of that aspect and we would love that option. You need to earn your trust and build that confidence with you.

Randy Woodruff:
Financial markets finances in general have become so much more complicated in the last 20 or 30 years, and probably for the folks that have been stressed out worrying about retirement, it's hard to keep up with unless you're in it every day. It's there's a lot to keep up with if you just look at the markets, what the markets are doing every day, you see the numbers going up or down, charts going up and down, graphs going up and down. That's there's so much more underlying data as to why that happened. I'm taking the time to understand the dissect that data. You know, that's where you really get the value of having a financial advisor. And here again, we're not reacting to the financial data that we see today. We're planning and we're projecting based on the data that's coming out what's going to be happening in the future. And so if you if you really understand the data you take the time to, to read the data, understand it and then put together a plan, that's where the fear goes away. Because you know what? You're you know what you're doing and you're not reacting, you're being proactive.

Erick Arnett:
Listen, I am so thankful for this show and thankful for this team, and I'm thankful for you all out there who are listening. I'm so glad you're with us today. And if you are listening right now to the information being provided on this show or any other financial show, guess what? You're already on track to a better retirement future. You're sitting there listening right now, so you know you're already on track. You just got to take that next step and schedule an appointment with us, and you can do it right online at simple. If you're sitting there in your car or wherever you're at, just pull your phone well, pull over. First, you're not supposed to drive and text, but pull over Google right on your phone, Take Point on Retirement or just I think you can just put Take Point on Retirement. And there in our website, I'll come up and you can go right there on your phone and the upper right hand corner and click and make an appointment right now or just write this down: (352) 616-0511 I'll be ready to take your call and chat with you right now today and take that step to educate yourself and take that stuff, step to free up your time and to enjoy your retirement.

Erick Arnett:
All right, some fun stuff, right? A little bit of fun here. Don't ask me why I'm doing this, but it sounds like fun. We need to mix it up a little bit. A little fun. Absolutely. I used to do this on our on the show I had years ago, and yeah, it's kind of fun to do. So we'll do it this week in history. Ok. Some kind of a cool stuff. Now there's a bunch of stuff that happened this week in history, but I'm going to pick out a couple of cool ones and I'm kind of a techie guy. I love all the latest tech gadgets. So you remember the Apple in 2001, this week, in 2001, which was, what, 20 years ago? Am I doing my math right 20 years ago? That's crazy, right? Apple introduced the iPod. Wow. Isn't that crazy?

Randy Woodruff:
They still make iPods.

Erick Arnett:
Well, listen to this. A portable media player that became one of the most successful and revolutionary products of the early 2000s. The original model costs three point ninety nine upon release. Mm hmm. You could put a thousand songs in your pocket. Remember that I remember having my little iPod, and I put my headphones in and walk around the neighborhood, and you had all these songs right with you? Insane, right? Incredible. We think it's kind of stupid and rudimentary now, right? But it was so cool. But in two thousand nineteen one unopened and shrink wrapped generation one iPod. So someone kept their iPod and preserved it or whatever it sold on eBay for twenty thousand dollars. How's that for an investment? So. Oh, I'm not telling you I ought to go out there and buy the latest gadget and keep it in in this box. But you never know. It might be on to something here.

Randy Woodruff:
It probably doesn't work because the latest, I guess, software version, I'm sure they've

Producer:
Actually got one. Does it still use it to this day? Really? And you're a dinosaur? That's crazy. That's awesome.

Erick Arnett:
Yeah, I think I got like five of them in an old drawer somewhere in the garage, but I don't know. I don't know why I'm keeping them. I had that little one that you just clip on your iPod Mini. Yeah, the iPod Mini.

Randy Woodruff:
I get one of the TomTom says like navigation things you put in your car that like about like 20 times a big deal. And then we all got our phones, we got GPS in our car. I know, but it's amazing how quickly technology is evolved.

Erick Arnett:
J.w. Pick, pick one of these out. Watch one of the week in history. Which one of these are fun to you?

Producer:
Yeah. Well, you know, I love music. Ok. And yeah, so I think the Beach Boys in nineteen sixty six debut Good Vibrations made its debut here in the U.S. single charts, and it reached number one by December. Wow. Yeah, that's pretty cool. Good Vibrations, man.

Erick Arnett:
Nineteen sixty six The Beach Boys. I bet you if anybody is out there listening, hopefully there's a few people out there listening from that generation. They're having some good memories right now. All right. I mean, those songs you take. That's one thing about music, right? When you hear it, it takes you back to times where you can almost see sense and smell and remember the moments. And so that's cool stuff.

Producer:
Yeah. And then of course, you got the microwave on here, too, man, I remember those days. My dad had one as we were growing up, we'd get those old microwave meals, remember the hungry man and the Oh yeah,

Erick Arnett:
Yeah, yeah, I remember I had no idea looking at this now says nineteen fifty five was the first domestic microwave. I had no idea. I thought those came out like the 80s.

Producer:
Yeah, I know when I grew up with it.

Erick Arnett:
Exactly. Yeah. And I mean, I remember when they first started getting popular, or maybe we were just poor and we didn't have the money to get one. But I remember when we finally got a microwave, it was like, So cool, you know, because we could, you know, whip up meals quicker and and whatnot. And of course, we didn't care about or know anything about the potential dangers of microwave food and all this kind of stuff. But we just went nuts on. I mean, I remember the hungry man microwave pizzas, the swanson's I mean, you name it, I was like, Oh, this is cool, instant meal and the microwave, right?

Producer:
When we got the VHS, you know

Erick Arnett:
That was cool, too. Yep, absolutely. Yeah, big time. Absolutely. So, yeah, kind of fun stuff. But more importantly, a couple of things we want to get in the show today was just really briefly, you know, we misconceptions regarding Social Security. So I get eyes like big, wide open eyes in my meetings. When I start talking about Social Security with with with folks and particularly couples, I was with a couple doing some planning the other day and they had no idea that there was multiple ways and multiple strategies in which you could take Social Security as a couple. And I just told them one simple concept like, Hey, when your husband's at full retirement age, you don't have to take your retirement. You can take a spousal benefit, keep deferring yours to let it grow. And he he can keep deferring his as well. But you're still getting some income coming in. Meanwhile, you're letting your social securities grow, so I thought that was kind of cool.

Randy Woodruff:
That's a great idea. And there's so many there's so many little tricks with Social Security that people don't know and the ways you can actually maximize that Social Security cash flow retirement.

Erick Arnett:
So here's some misconceptions and everyone Social Security benefit is the same amount. That's definitely not true. So another misconception your benefit amount is fixed forever. That's not true. In fact, I almost fell over. The U.S. government decided to give Social Security a five point six, or five point nine percent increase this year. So all your listeners out there on Social Security, you're going to love that. And it couldn't come at a better time, right? Because it's already been gobbled up at the grocery store anyway. So thank God that they had enough insight to at least, you know, raise that for our seniors and our folks on Social Security

Randy Woodruff:
Or it's in their gas tank,

Erick Arnett:
Right? Exactly. Another misconception is you're just stuck with the benefit offered to you. Definitely not true. You should draw from Social Security as soon as possible. Definitely not true. Your benefit will increase every year. Definitely not true. So some misconceptions there. If you got questions about Social Security, please give us a shout. (352) 616-0511 or go to Take Point on Retirement.com. We're happy to do a Social Security analysis for you and run through all the different scenarios and really educate you on your Social Security. So that's one of the big, big, big questions we have. So wrapping up the show today just kind of wanted to kind of reiterate some risks we feel every retiree and pre retiree must consider. And you know, how often do people say, Well, someday I'll take care of this, so we will do something and someday never seems to come right? So do yourself a favor. Make some day today and give us a call because we want to put this plan together for you. We want to hit these risks head on and make sure that they're not going to affect your retirement. So one of the big risks, obviously, is market systematic and unsystematic risk. You know, interest rates, inflation, public policy timing. We talked about market timing, liquidity, sequence of returns, longevity, a loss of a spouse, health care expenses, excess withdrawal, unexpected financial responsibilities, reemployment for frailty, financial elder abuse. I mean, there's all kinds of things that are possibly out there looming that could affect your retirement. So we want to get out ahead of them and kind of wrap a bubble around you and and get out in front of those risks and preplan for those risks. Don't wait for them to happen. Let's go ahead and be proactive and have a plan now to make sure that we that we don't have any surprises.

Producer:
Ok, you work so hard for your money now. Let your money work hard for you. A stress free retirement. Take point wealth management. Take advantage of that no opportunity portfolio plan today. The blueprint on retirement by giving them a call (352) 616-0511 that's (352) 616-0511 Become a Take Point Wealth Management Retirement Warrior today. Take Point on Retirement show brought to you every week by Take Point Wealth Management. Check them out online as well. Make that appointment now. We'll see you next week, folks.

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