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Answers to but we will provide more insight would Sam playing joining handsets as CEO from BL and -- And you say you don't wanna lose money just save money pretty easy isn't where we saving that money -- any place that you wanna lose the principles.
And we have -- -- around the office just don't moves among.
And we truly believe that that a case -- give us some ideas of where you can put it well you know I I look back to my parents right and I came to this country and we came this country 1974.
He never invested person in the market and buy stock sending -- for an -- right absolutely thought so they retired very content without -- -- tied very comfortably at we have clients that have a lot of money in the bank.
And today they still have a lot of money they can use that during their retirement.
We see a lot of people that made a great amount of money great deal of -- during the working here's what we lost a lot of that trying to invest that money OK so your saying.
Put it and a CD put it in -- savings account even though interest is low that's just temporary.
And avoid the -- was.
Now that's always saying when or where my phone went on the -- of the stock markets -- pursue a little prone to that.
But the fact is we use.
Personally I'm in my late forties -- I've -- no -- a little bit from the stock market.
We still have someone in the stock market not to say I wouldn't have any thing in the stock market.
But we use guaranteed.
Products and don't give me a stream of income when I go when I need it most during -- what are some of us -- -- -- fixed annuities across Moody's.
Give us the ability to turn.
And lump sum into a stream of income and that's what I'm most interest in -- So.
You know it's -- takes me thirty years to save money.
Right when I retire I'm probably not gonna use all -- money you at once so one -- my looking for I'm looking to generate a stream of income like a pension.
When when we don't really -- and exactly exactly the rules that and my father who I you know looked up to the human.
Taught me is to say look you know go work for a company for forty years he'll retire -- -- But doesn't exist right now so that is as middle Americans working hard and I -- to some somehow create that you think.
Right and there's mistakes that we make and some of those mistakes are more common and -- absolutely what are some of the three big a common mistakes.
Well you know that the mistakes would be.
Not paying attention.
To sort of what you need the money for my putting money aside -- for a Pope.
And putting money sides are safe for the down paint the home -- so many different than say putting money aside and save for -- right so.
Making sure that you have the right.
Money's at the right places for the right reasons is -- what concerns that retirees have some of the most common.
You know when we come across we come across I would say three major concerns first.
We see somebody retiring.
-- -- don't have enough money for your time on my gonna happen with morning the comments there while the common answer depends on.
You know how long you gonna live which is longer a lot longer -- -- what we're living longer so.
I guess that the answer would be -- just want to make sure we have enough money lasts a lifetime.
Across the second concern we've we've seen is what happens when I die you know if I can use all my money.
How's he gonna go for me to my children my grandchildren in a manner that.
It's easy maybe avoid probate and so how do I get my news from here -- there and hadn't had a wealth through through proper -- -- Through maybe it's as simple as just updating -- will.
For many of our clients and he trusts you definitely want and that cuts capsule and -- -- I -- -- the third thing which is very over commonly overlooked.
Is what happens if you get sick.
My wife and Iowa seventies.
One of us get sick got -- that we need to go to an arson.
Home -- they can impoverished in the average animal annual cost in America for private room.
In -- nursing home is more than 90000 -- -- that's crazy the average annual cost in Boston.
For a private room in a nursing home is -- 120 -- At 101000 dollars a month and a Greater Boston area where I'm from New York area you know you can't step -- into an arsenal without paying 101000 dollars a month so imagine.
-- -- a lifetime to save a million bucks it's gone and very quickly and those number I mean I knew always that sense that I didn't know is that -- expensive.
Of how the company's approach to protecting assets.
And retirement planning general different.
Well you know we're being homeland -- so unique -- who is different -- Obama family of companies per say we have a law -- pregnant and -- -- part of which would be you know had set up.
And then them on the money side.
We use products we use strategies that protect principle and so I would -- the difference is that we're able to connect the dots and if somebody comes and says.
Yes some interest in and making sure the stream of income OK let's take care.
And and they say well you know I'm probably not gonna be able to use all this money I have three kids.
My -- struggling.
-- son is married for the third time I would love to be able to leave something to them.
And they might go to a law firm.
Get all of the documents done.
But the beneficiaries are wrong to -- I race they don't speak to tell -- of the dots not connected squares so I'll companies -- different we make certain.
That if you have a trust you use it you fund it he put things -- -- -- Age appropriate planning -- your eighty.
Maybe now you've got that taken care of and more the concern today is while -- you know my my sister in law.
Went into the nursing home and might -- brother in law lost this hoax.
How -- make sure that doesn't happen.
My game and I -- scare nearby scare is recommended age or circumstance in life where you should see.
A retirement advisor.
You know sooner the better sooner sooner that would be crazy -- you -- I'm 2500 off.
An ideal world how did you.
I'd say you know.
Probably new mid forties she should think about that when it's point five obviously he's on makes -- -- I -- finally there's an iPad that's right.
You want to make sure you have enough money yet to have -- time and have something left over on Monday morning.
In -- mid forties that's really where I think.
You know they've got some maybe some get paid off -- maybe have a child in college so by the by your fifties maybe in your peak earning years and may be.
A good amount to -- -- as we've been retired.
That's that's that's you get a you know you gotta get going on.
Talking about the Dow 151000 for a week now the markets in record territory so our -- -- looking good -- frank has a pretty good ahead.
What happens to that money by the time you -- You know that's that's the that's the million dollar question -- know who you look I wouldn't this then this the day of having no real -- yeah.
Or any of the questions we're asking and I were watching the news recently and.
Jack -- ruled yeah god father of index funds.
Has predicted then you know we're gonna have a correction and that guys I don't even have to you have to so.
You know the way I look at it is it.
Is this and there are so many companies commercial -- -- that talk about saving the number you have to have X number.
When you retire or else -- I actually take a little different approach.
I'm obviously having a lot of money set aside and say this very important thing but you know this phenomenon and one day.
So what you really -- -- income yes if I'm the stop work here 65.
-- my dad died at 97 my mom's alive she's 91.
I would hate to be 91 and be out of -- -- -- want to make sure I have a stream of income for the day that I -- Please tell me a month a lot older millennium.
You look a lot younger then I'll take notice of the night actually gave them -- that could be in my head Sam -- thank you so much sense of how great.
We'll put your article on foxbusiness.com.
On the screen right now if you don't want to lose.
Lose just say it's.
And you -- say it Rubino and -- Greenland CEO thank you so much many times that respective.
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