Planning with Parker: Changes in retirement planning (Financial Safari)
With constant changes in the stock market and tax law, is your plan built to be adaptable amid volatility?
Financial safari. Welcome back. I'm Consumer Advocate Steve's at all. Of course, Parker Holland is your chief wealth strategist and capital financial. It's planning with Parker and one of the things I know you're a relatively young fella, as they say, but you have even in the town that you've been here, and certainly in the experience that you've had with people of capital financial, there's been a lot of changes in retirement in general. Oh yeah, there has. I mean, tax law, government market, economy. It's changed ever since the day I started, and everyone always looks that and kind of wants to know what's the best way. What's the best plan? I feel like the first time we converse with people. They're always saying, So what am I missing? It's not that you might be missing anything. Is is your plan that you currently have shaping and molding with the changes and whether it is just fluctuating tax brackets, the secure act that finally came through, or if we're just looking at the current marketing economy that we're in today, I mean, it's not gonna be the same tomorrow, right? A lot of people forget how quick everything moves in nowadays when you were looking back at Black Monday or Friday doesn't even matter. What you call it is when the market has a correction or has a dupe, they're always saying, Well, how long is it going to be down? Who knows? We're in a nation where tweets and markets up, and now we need to know exactly what is happening today. And what's the worst case scenario going to be tomorrow? And is your retirement gonna work in that worst case scenario? One thing is certain is that the market is going to turn at some point. I mean, it's been a It's been a great market for 10 plus years on the other shoe is gonna drop at some point. We just don't know what. And it doesn't matter if the shoe drops. A lot of people get concerned about up or down. That's not a concern for us. If you have a proper plan in a proper strategy in place, you might actually want it to go down, get the hot air out, get all the concerns out the window and restart. If you have a proper plan, you're not gonna worry about fluctuation that's the beauty is that you've put you can create a plan that if the market does bottom out, you're still here, exact. You're not gonna lose. And I know a lot of people that they've had money on the sidelines for 10 12 almost 15 years because they're waiting to buy into that dip. That's 12 years of the biggest growth market in history that they could have had making retirement better. You need to be able to play both sides, and a proper strategy takes into account all the moving parts. And it also has the ability to mold and change as those movements occur. So being in cash is one thing. I've read a story recently about a guy who had put $100 a week in a safe in cash, and 25 years later, he said, G, I probably should have done something different. Yeah, it been entertaining to be the first person to see it after he was done, but of course, if you're just stacking money on the sidelines of me, Coach says, the best losing money safely. You're losing money because of inflation and cost of living, and that's a big piece, too, and inflation is boring to think about. But the other side of that is interest. You want your money earning even when money's coming out and you want your money working together knowing, no matter what side. The market's going towards that you're maximizing the return either way. But you factor in inflation, and I know it's a boring thing to talk about. But I mean, if you go to the grocery store, you gotta realize, Hey, you know, the bacon costs more. The bread costs more milk costs more, and that's a lot of pieces that people take into account. I love working with engineers myself. I'm analytical mindset, and I love seeing the spreadsheets people make. But the biggest concern I see is too many people are lowballing inflation or their advisor. I've seen this multiple times. They're adviser doesn't include it in the plan. That seems like an egregious error. It's It's a situation that a lot of people overlook or don't want to think about, or one face that when it occurs. So that's an adviser that doesn't take that into account. I mean, is that something in it for them at that point? I don't think it's anything in it for them. Excepto ugly conversation when their client runs out of money while coach Some very important points there. The Parker brought to the table about having a true, proper plan in place. Parker's told me he's allergic to jackets. Get on them all the time in the office. He, uh, he It kind of looks a little different cause he wears golf shirts and pullovers, but they're expensive ones, but I like wearing my jacket. The Parker does have a Parker knows a lot in that head of his. He's a very smart guy, So really, I think that it's important, folks that we get a proper plan for you put together based on the principles that we talk about every single week on the show, which, by the way, you can catch the show at any time. Financial safari dot TV right? You go back and watch it again. That's right, That's right. But let's make it. Let's make a point here to let 20 of you that are watching come in and we'll waive our planning fees of over $1000 give you a golden ticket to make sure you have the proper plan designed. Find out where you are right now and then let us design a plan that will get you all the way through retirement with that security that you will before that peace of mind and that corn export philosophy that planned built for you customized for you and your family. Thomas. The next 20 people get that as well as my box set the five keys to successful retirement as well as a DVD. Don't wory, retire happy and two of the books of written. That's fantastic. Come on in and get some straight talk and avoid all of that financial double talk that could be out there in the industry. The number to call to take advantage. 8889108265 88910 80 to 65. Or you can always text breeze to 21,000 b r e e z e to 21000