Achieving Financial Security


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Transcript

Mike:

How much in total tax, are you projected to pay over your lifetime? How about that one? Do you have any clue? Well, how are you going to plan to reduce your taxes over time? If you don’t even know where you’re starting now? I can’t remember the last person that came into our office, Zach, that I visited with where they could say, oh Mike, yes, I have. My advisor has shown me what my tax liability is likely going to look like in the future. It’s like how many people say, okay, five years from now? Here’s what you’re likely going to pay 10 years from now, 1520. If you’re married, when you’ve died, what’s your spouse going to pay a lot of times. It’s a lot bigger number.

Zach:

Welcome back to retirement today. I’m your cohost, Zach Holcomb, and alongside me we have Michael Reese certified financial planner and founder and president of Centennial Advisors headquartered right here in beautiful Austin, Texas. Today’s show has been fantastic. We have been talking all about the path to complete financial security and we have a great opportunity for those of you who want to experience that financial security. Can we talk a little more about that again, Mike?

Mike:

It’s really easy. And again, what’s our goal. I want it to be easy, right? Should not be hard, right? It should not be hard. There’s no reason to make it hard. Let’s make it easy. One, give you the easiest path to complete financial security in order to do that, we have created a one page blueprint. And on this blueprint, we look at all three areas, the three areas you absolutely have to cover managing your money the right way. Are you investing in an asymmetrical fashion or symmetrical now, by the way, what is that again? I mean, think about it this way. Let’s imagine that you’re going to let’s imagine that you are with your investing. You’ve averaged 10% a year, right? Pick a that’s a brown number 10%. And the question is, do you want to have a range of returns? Let’s say you average 10 in a good year, you make 30% in a bad year.

Mike:

You lose 30%. That’s symmetrical your good year. You’re bad year about the same number, right? Or what, if you could get the exact same 10% return in a good year, you still make 30%, but in a bad year, you lose 10. Wouldn’t that be better? Well, duh, of course it’s better. That’s the difference between symmetrical and asymmetrical. Symmetrical is plus 30 minus 30. Asymmetrical plus 30 minus 10. It’s limiting your risk, but not limiting your upside. Okay. It’s actually in today’s world. Not that hard to do. Why aren’t more people talking about it. Where are you in that? You know, when it comes to investing, are you in which way are your investments set up? And once you want to know, and if you were symmetrical wouldn’t you want to figure out, well, how do I get to the asymmetrical side? The blueprint tells you that, right?

Mike:

Just part of it right there. What else does it talk about? Second thing. What did we talk about? Second one was what, Zach?

Zach:

Taxes.

Mike:

Mike’s favorite phrase? Yes. Tax-Free is my favorite phrase. Yeah. I hate taxes with a passion taxes and politicians. You know, they can both go south. I anyway, forget

Zach:

But you like talking about them though.

Mike:

Yeah. Well, I like to just anyway, they get me all riled up. The point is what are you doing about your tax planning? You know, if you’re, you always want to look at the road, you’re on, you know, financial planning is, Hey, where are we today? Where are we going from a tax perspective? Where are you today? Where are you going? What’s the road you’re on. If you keep doing what you’re doing, what kind of outcomes will you experience? How much in total tax are you projected to pay over your lifetime?

Mike:

How about that one? Do you have any clue? Well, how are you going to plan to reduce your taxes over time? If you don’t even know where you’re starting? You know, I can’t remember the last person that came into our office, Zach, that I visited with where they could say, oh Mike, yes, I have, my advisor has shown me what my tax liability is likely going to look like in the future. It’s like, how many people say, okay, five years from now, here’s what you’re likely going to pay 10 years from now, 15, 20. If you’re married, when you die, what’s your spouse going to pay? A lot of times, it’s a lot bigger number. Has anybody really taken the time to sit down and show that to you? But wouldn’t that be important information? Oh yeah. A hundred percent. I mean, what do we want to do?

Mike:

I think, I think I can. I think we can all agree. We want to leave less money to the IRS. We want the IRS to get in fact $0, if possible. Right? I love that. IRS. You get nothing. We keep everything. Well, we know that’s not reality, right? So what are you doing each and every year? What opportunities are out there for you now? How about that one? Like, like what could you do? How much, you know, what are you projected to pay now in tax? And what could that number look like if you simply paid attention in and utilize some, some very simple tax planning strategies. A lot of times, it’s very common that it’s very common where we see people saving well over a hundred thousand dollars, oftentimes over $200,000 of tax.

Zach:

It’s a life-changing amount. I mean,

Mike:

Think about that. Let’s think about this for a minute. Let’s imagine you’re retired for 20 years, you save 200,000 in tax total. That is $10,000 a year. You don’t have to give the IRS on average.

Zach:

I love that.

Mike:

Last I checked. Does that pay for a couple of cruises?

Zach:

Yeah definitely.

Mike:

A couple extra cruises paid for courtesy of the IRS. Why? Because you planned our blueprint. One page blueprint. It shows you what your opportunities are easy, easy. And then of course we got to think about protection, right? Protection is, oh, I live too long. I die too soon. I get sick along the way. You know, as my father once taught me, he said, son in life stuff happens. He did not use the word stuff. Yeah. He used a different word. Also starting with S ends with T I’ll let you fill in.

Zach:

Listeners, put in your own words.

Mike:

I’ll let you fill it in. Things has stuff happened. Right? Right. And when it comes to your complete financial security that’s stuff that happens that could potentially threaten your security or your family’s security is healthcare related. You know, whether it’s you get sick or the ultimate healthcare problem, you die. Right. But it also could be the opposite. What if you live much longer than you expect, is your money going to last, right? These are things you need to protect yourself against. Again, the one page blueprint, belt designed so that it’s easy for you to see, okay, here’s where you are. Right. And here’s what you need to be. Are you okay? Do you need to address it? And it’s very common when we do these blueprints for people. I mean, you know, Zach, it’s very common. There are areas that people are doing good, right? They’re in good shape. And then there are areas that they need some work, right?

Mike:

But the beauty of this blueprint is it makes it crystal clear. It’s easy to say, wow. All I had to do is give, you know, Zach, all they have to do is they call the number. They give us some information. We put the blueprint together. They visit us. Whether it’s in zoom or in person say, Hey, here’s where you are. Here’s the possibilities. Are you in good shape or not? If you are great, if you’re not, here’s what you have to work on. And then you can go do it. If you want our help, we tell you, here’s what it cost for us to help you. Or if you want to do it yourself, fire away. But now, you know, crystal clear what you need to work on, what you need to do. Yep. Easiest path to financial security. Because at the end of the day, remember when it comes to your financial world, we want you to enjoy the three C’s.

Mike:

What are those control? The first cease control. I want you to feel like you have control of your financial situation. And if you have control of your financial situation and you feel that way, that leads to the second C, which is confidence. You want to have the confidence that work optional for you, you know, or that you’re on that path. You want to have confidence that you’re making all those right decisions. If you have control of your finances, if you have that confidence, that leads to our third C, which is comfort and peace of mind, that comfort and peace of mind that, you know, no matter what the world throws your way, it doesn’t matter what the stock market does. Doesn’t matter what this, the people in Washington DC do. Right? I go, I just, oh boy, I could use so many other words for them.

Mike:

It doesn’t matter what they do, right? Doesn’t matter. I mean, whatever happens, you’re prepared, right? You have that financial security and it’s complete. It’s not partially covered. It’s fully covered. Right? So as we wrap up the show today, here’s what I want you to do. If you haven’t done it yet. So only for the first 10 people make sure you’re one of them. We have a limited amount of time. I mean, I can’t help everybody. I’m sorry. But if you’re one of the first 10 people that call you call our number, what is it? 512 886 5850. Is that right?

Zach:

You got it.

Mike:

It’s amazing that I can remember these numbers, right? So again, that’s 512 886 5850. Just give us a call leave. And when you call, you get the answering service, they’ll say, Hey, let’s set up a time for you to talk to Zach. You talked to my co-host Zach here.

Mike:

He’s a very nice guy. And he’ll just say, Hey, tell me a little bit about your situation. He’ll tell you here’s some let’s, let’s collect some information so we can put this together. Or he might say, Hey, let me set up a call with Mike, with you. So, you know, he can collect the information. Our job is let’s get your information. Let’s put your personalized blueprint together. We want to give you the easiest path to complete financial security. Think about how comfortable that would be. I mean, won’t it be? I mean, look, probably in the back of your mind, know you’ve needed to do this anyway. Now’s the time let’s make it simple. Let’s make it simple. Let’s make it easy. It’s a piece of cake. Call the number let’s visit. Let’s have a conversation. Let’s let us put that blueprint together for you so you can enjoy the easy path. Right? So Zach, let’s get that number out there.

Zach:

One more time. Mike it’s 512 886 5850. Again, that number to get your free financial blueprint. 512 886 5850. Now, before we hop off the air here this evening, Mike, do you have any final thoughts?

Mike:

Oh, for sure. I always have thoughts. I mean final thoughts just for today though. Oh, okay. Just this week. No, I’ll tell you what, here’s the deal. You’re going to have to deal with this at some point, right? Let’s not make it hard. Let’s make it easy. That’s why we’ve built this one-page blueprint. It makes it easy. It’s easy. It’s free. No, excuse it takes what two minutes. Give us a call. Let’s get it done. 512 886 5850. Hey, looking forward to talk to you had a great show this week. See you again next week.

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