Name: 5 Keys to a Successful Retirement: Understanding and Investment's Purpose
Uploaded: 2021-02-02T19:47:00-0500
Duration: 327192
Description: There is a time and place for high risk, high reward savings. But a real plan should include some of these other strategies as well.

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There is a time and place for high risk, high reward savings. But a real plan should include some of these other strategies as well.

<p>right. Welcome back to our Siri's. The five keys to a successful retirement. I'm Chuck Keeton with coach Pete Dorota. He is America's financial coach. He's your retirement specialist and, you know, in the last segment we talked about shifting our retirement perspectives. Coach. Let's see now how we can maybe understand our investment purposes, because when they sit down a perspective client with you, they need to understand what they're doing in their investments to have a true, successful retirement. Chuck. A lot of times it's easy to talk in colors red, green, yellow so red we'll talk about red now. In the first part of this series, we talked about shifting your focus away from trying to accumulate all the time and trying to get that maximum growth. And unfortunately, there's a There's two sides to that coin. Maximum growth could also equal maximum loss if we if we have the wrong thing. So we have to identify with colors where our money is. As we approach retirement and as we go all the way through retirement so red, let's start with red Red means risk. That's a place where you can have maximum potential maximum horsepower potential with your growth, you could have a lot of growth, but you could also have a lot of fees, expenses, commissions and loss on. Now you have that you're talking stocks and bonds and useful funds. All the things that real estate variable annuities that you know do. It has traditionally been the safe in place to put money, but a variable annuity means your money to go up and down. And I don't like that kind of account when we're talking about a lifetime income we can never outlive. We don't want any variables. I don't like variable mortgages. I don't like variable interest rates on credit cards. I sure don't like variable annuities, but we look at stocks and and a lot of times people say, Well, I can't I can't compete with the big boys So I'll buy a mutual fund because if you buy an individual stock, you're going against all the big boys. It's you against Warren Buffett. Hey, has teams of people folks that air managing money. So mutual funds are a collection of stocks in the basket otherwise known as mutual funds. So it's a way of getting individual stocks without having to take the risk of individual stocks you have built in diversification and mutual funds and also E T f C exchange traded funds. Same thing collection of stocks in a basket. And so we just have to know that somebody told me the other day I have diversified. I have five different mutual funds. Then we looked at the mutual funds that they said they were diversified. They thought they were. They said, no, we don't need your planning where you're diversified ourselves. We have five mutual funds. When we looked at each one of those mutual funds, the top 10 holdings of the mutual funds, all five of them were basically the same. Well, they're duplicate Apple and IBM. You know, all the big companies. Eso That's really not diversification, that is. It s so I think we need income diversification and investment Diversification, not just having all our money in the risk bucket, but we need to diversify amongst the colors. All right, so then we have yellow accounts, yellow accounts or bank accounts, C d s, their liquid money. It's money you put under your pillow. It's money that's not gonna grow. It's not gonna go much at all. If it all but its liquid 100% liquid, you have to ask yourself, how much money do I need tomorrow or why need with an emergency? Then you have make sure to have that money in a liquid account. Safe, safe. But but but safe is losing money safely a lot of times because you're not keeping up with inflation. Therefore, you're buying. Power is going down. Inflation is about 3% annually as we look through history, and we wanna make sure that our investments return at least that to keep up with inflation so again have to have some liquid money but not too much liquid money. So then where do you put the rest of the money? Well, I've talked about income planning and the green accounts cover this. These air specialized annuities, bank accounts, what places where we'll bank accounts for the yellow. But certain bank accounts like CDs, where you lock your money in for five or 10 years. You get a higher interest rate, and it's not liquid, so therefore it's in the green account, but you can't lose it, but we need to look at ways to get income and you look at your lump sums these days you've built up in your 41 K plans, which are red accounts, and you're trying to figure out How can I get some of these red balances into green accounts where have a lifetime income? And so we can tell with certainty. We could tell you your number based on the amount of money you put into the green account today, in years from now, how much you could get for income for life from that, and it's very important. Have lifetime income. Have your own pension plans. That's why we love the green accounts. But again, perfect combination. Red, green, yellow. How do? How do I know Coach Pete? How do I decide how much I have in those green accounts? I used the rule of 100. You take your age, you put a percentage after it. So, Chuck, you're 62. Not quite, but let's just say I am so 62% of his money should be in a safe account of Green account. The other 38% of his money can be in those red accounts, and so there's a rule of thumb. But it's all what you want to do in the future and making sure that you have money put aside that's never gonna go away regardless of what happens in the market, so that you can continue to do what you want to do all the way through the future. And folks, if you're interested in finding out what true income spectrum planning will be for you showing you the red, green, yellow looking at where you are right now. But more importantly, designing a plan to get you where you wanna be all the way through the future and having this proper utilization of the green Zone, the green accounts, all you have to do is give us a call, you see on the number you see on the screen right now. Uh huh, Yeah,</p>

5 Keys to a Successful Retirement: Understanding and Investment's Purpose

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I'm meteorologist, Amy Wilma in the WRL severe weather center, we had a dry warm day today, but a cold front is off to the west of us and it arrives tomorrow and brings the potential for some scattered showers and some thunderstorms. It's a pretty potent system today with a level three out of five risk for part of the Midwest. But the severe weather will be moving eastward as this cold front moves eastward as well. And we'll have the risk for severe storms tomorrow. Although the storm energy will not be as high tomorrow as it is today. There's a lot of storm energy west of us today and that's why they have that higher risk for severe storms. But as this system moves closer to North Carolina, it does weaken. We could still have some isolated severe storms but we have weak to moderate energy. We don't have the strong energy that they have west of us today. So it's a level one risk for most of us Friday. This is in the afternoon and evening. So isolated severe storms possible. The biggest threat will be some damaging winds and a potential for some hail as Well, the first half of the day is dry, so no rain worries for the morning commute. But by the time we get to the afternoon and evening, that's when we'll have scattered showers and storms and any of the storms that do form could become severe. And our highest rain chances are right during the evening commute. So about a 40% chance for rain tomorrow as we move ahead to Saturday, only a slim chance for a shower, a 20% chance for rain. But then a decent chance for rain on Sunday, we don't expect storms, but mainly the second half of our Sunday will have some scattered showers and it will be a cooler day. Here's a look at the rain over the weekend again, just a slim chance for rain on Saturday. Otherwise partly to mostly cloudy skies with temperatures in the low to mid seventies. Sunday morning looks mainly dry with a little bit of rain over some of our southern counties. But then as we head toward the afternoon, a better chance for rain, especially south and east of the triangle. And then during the evening is when some of that rain lifts to the north and includes a good part of the viewing area on Sunday. So the second half of the day certainly looks like the wettest part of the day, still warm Friday with a high of 84. And then we're down into the mid seventies Saturday, high temperatures will be in the low to mid sixties for Sunday and Monday with some chilly mornings, Monday morning and Tuesday morning. Down into the forties, we warm back up next week though. 74 on Tuesday, 78 Wednesday and near 70 for a high temperature on Thursday.

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Good afternoon. I'm back. Global. Welcome to this news drawings for Thursday, April 18th, 2024. Let's get started with Carolina pick three. The first pick three numbers zero. The second is one, the third is six that are pick three. Fireball number is one. Joining me for this afternoon's drawing is our auditor for a con and Jones L LP. Now move on to Carolina pick for the first four. Number is three. The second is for the third is 54, is seven in our pick four. Fireball number is nine. The North Carolina education lottery has contributed over $10 billion to education. Thanks for your support and thanks for playing.

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After 22 years in business, Armadillo Grill on Glenwood Avenue in Raleigh has closed.



WE HAVE MORE RAIN IN THE FORECAST FOR THE WEEKEND. I'LL SHOW YOU COMING UP. THE LIST OF DOWNTOWN RALEIGH BUSINESSES SHUTTING THEIR DOORS IS ARMADILLO GRILL IS THE LATEST TO CLOSE FOR GOOD. >> WRAL'S SEAN GALLAGHER IS IN DOWNTOWN RALEIGH TO FIND OUT WITH THIS MEANS FOR THE GLENN WOOD, SOUTH AREA. SEAN, THIS WAS A SURPRISE TO A LOT OF FOLKS. >> YEAH, THIS WAS VERY ABRUPT SO ABRUPT THAT WE'VE SEEN A HANDFUL OF PEOPLE COMING UP HERE TRYING TO GET LUNCH ON THIS THURSDAY AFTERNOON AND THEY'RE MET WITH THIS SIGN ON THE DOOR, LETTING THEM KNOW THAT THEY ARE SHUT DOWN FOR GOOD, EFFECTIVE IMMEDIATELY AT THIS LOCATION. NOW, THIS TEX MEX RESTAURANT CALL THE CORNER OF GLENWOOD AVENUE AND TUCKER STREET HOME FOR THE LAST. 22 YEARS. IN A FACEBOOK POST, THE OWNERS SAY CHANGES IN THE RESTAURANT INDUSTRY AND RISING COSTS ARE WHY THEY'RE SHUTTING DOWN THIS LOCATION. IT'S THE LATEST IN A STRING OF STAPLE BUSINESSES RALLY, CLOSING CLOUDS BREWING, SHUT DOWN ITS RALEIGH TAVERN ON WEST STREET EARLIER THIS MONTH IN THE CAPITAL CLUB. 16 IS SHUTTING DOWN AT THE END OF THIS MONTH. OUR BELOVED REAL SAID THEY WILL LOOK FOR ANOTHER LOCATION TO SERVE THE RALEIGH COMMUNITY. BUT FOR SHARE MCCRACKEN OF GARDEN SCAPE DESIGNER FOR BUSINESSES AROUND THIS AREA. THIS IS JUST A SIGN OF THE EVOLUTION OF THE NEIGHBORHOOD. >> IT'S ELEVATING RIGHT NOW. PEOPLE THAT ARE NOT ABLE TO KIND OF ROLL WITH IT. NATURALLY COMING TO AN END AND MAYBE THERE WILL BE ANOTHER SPOT THAT'S PERFECT FOR THEM. BUT YOU CAN DEFINITELY FEEL THAT THERE IS A CHANGE GOING ON ON THE STREETS OF DOWNTOWN RALEIGH. >> AN ARMADILLO GRILL WILL ARE STILL OFFER THEIR CATERING SERVICES HERE AND THEY WILL STILL OPERATE THEIR FLAGSHIP LOCATION IN CARRBORO. BUT RENEE, THAT'S ABOUT 40 MINUTES AWAY RIGHT NEAR UNC CAMPUS. >> WHILE CUSTOMERS WILL HAVE TO DRIVE A LOT FARTHER AND WE WILL SEE WHAT ENDS UP TAKING ITS PLACE. THERE ON GLENWOOD

Glenwood South staple Armadillo Grill closes

Nightly N.C. Education Lottery drawings during the 11 p.m. News.

Good evening. I'm Gail her. Welcome to tonight's drawing for Wednesday, April 17th, 2024. Well, let's get start tonight with our Carolina pick three. Our first winning numbers are two. Our second number is nine and the third number tonight is six and our pick three. Fireball number is an eight. Joining me for tonight's show is the auditor from mcconnell and Jones L LP. Now lets move of the Carolina pick four. Good luck. Everyone who's that first number. It's a three. Our second pick four. Number is one, third, one is one again and our fourth pick four number is a nine and our pick for fireball number is a six. Well, turning now to the Carolina cash five. If no one was the top prize tonight, tomorrow's top prize is estimated at $191,000. Good luck. Everyone is that first winning cash five number. It's 33. Our second number is an eight third number. Tonight is 10. Our fourth number is 22 and the final number in our cash five this evening, 41 the North Carolina education lottery has contributed over $10 billion to education. Get your winning numbers right here every night at your exclusive station for the North Carolina Education lottery. Thanks for playing. Have a great night.

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Is powerball. Good evening, everyone. I'm Randy Trainer. Tonight. We have our life changing jackpot. It's estimated to be $80.7 million to get your tickets ready. Here. Come, tonight's winning numbers. Let's start things off this evening with the number 24. Right after that America. We have the number 54 and congratulations to Lisa Hayes from Illinois. She won $2 million playing powerball. All right, the rest of your winning number is 4447. And let's round it out tonight with the number 29 and tonight's win powerball number that's gonna be two and your power play multiplier is two. Let's take a look at tonight's winning numbers. Remember there are multiple ways to win. Good luck, everyone. We'll see you back here on Saturday night. It's time to play America's favorite.

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A crash has shut down all but one lane of Interstate 540 westbound near Buffaloe Road in Raleigh. Sky 5 is over the scene

Crash shuts down I-540 West near Buffaloe Road in Raleigh; Sky 5 is over the scene

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>> ACROSS AMERICA WITH MEGA JACKPOTS, IT'S MEGA MILLIONS. HELLO, MAYOR COMES ON CODE IS TUESDAY. APRIL 16TH AND TONIGHT'S MEGA MILLIONS JACKPOT IS AN ESTIMATED A NEW TIES. 148 MILLION DOLLARS. >> DUE TO TECHNICAL DIFFICULTIES. TONIGHT'S DRAWING HAS BEEN TEMPORARILY HALTED. ONCE THE MALFUNCTION IS CORRECTED, THE DRAWING WILL CONTINUE UNDER THE SUPERVISION OF THE AUDITOR. WE SAY TO THE STATION FOR ALL WINNING NUMBERS. >> SPOTTY SHOWERS AND THUNDERSTORMS POPPING UP HOW

5 Keys to a Successful Retirement: Understanding and Investment's Purpose

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