Jim Byrd and Biff Hamel host a popular financial talk show heard on WABF 1480 AM radio and FM Talk 106.5 radio and Fox News Radio 710 WNTM. Safe Investing in the New Economy is focussed on the latest news and wisdom on retirement planning and investing for a secure retirement. Be sure to listen to the full podcast on iTunes or on the website. This week’s agenda includes updates on the new tax laws and a possible market correction plus information you can use about many other topics.
Market Correction with No Worries
Many analysts are predicting a market correction; some say a recession. No one can predict with accuracy just what the market will do. But our clients are protected from all market risk. Our products pay close to market returns with no market risk at all. You insure your car, your house and all your important assets. Why not insure your retirement assets as well? Our clients feel secure and because their retirement funds are free from market risk. Our clients tell us this translates into “no worries.”
This Week’s Agenda
We run into interesting situations every day with our clients and we have the consultants to help them make difficult decisions. We can help you sort things out too.
New tax laws- A taxpayer used to be able deduct up to 50% of expenses for business meals and entertainment. As of December 31, 2017, such business deductions have been reduced. Check with your CPA for details or when you come in we can consult with the CPA who works with us. We also have a lawyer we can consult with if that need arises.
Spousal and non-spousal beneficiaries- If you’re the spouse who receives an IRA as an inheritance, you have to abide by certain minimum distribution levels. A non-spousal beneficiary situation is different and can make a big difference in your retirement income each year. We can help you work out your options when you come into the office.
New products- We’re excited about a couple new products we’ve got that pay market-like returns (one is at 8.7% this week) with no risk at all. Liquidity is high, returns are high, and cost is low. Those three factors address the top three objections some people mention when they talk about annuities.
Products for young savers- It’s never too early to start saving for retirement. Start with $10k or even less, and we can set you up with a retirement plan. You will invest periodically according to a schedule and by the time you retire, you’ll be ready.
Trump and the market- When the president does unexpected things, when there is a major change in Congress, when there is a whiff of uncertainty anywhere, the market reacts emotionally. There is no need to be in the market when we can offer high returns for low costs and keep your market risk to zero.
Variable vs. hybrid annuities- Variable annuities are still tied to market risk. Hybrid annuities are not. The hybrid annuity products we sell are actually insurance products and the insurance companies cut out every bit of risk. You are not in the market and therefore, your market risk is zero.
If you have been thinking about taking advantage of our complimentary consultation, sometimes the hardest part is just picking up the phone. Take a moment right now to call us for an appointment. We will discuss your future plans, thoroughly review your current portfolio, evaluate your tolerance for risk, determine the risk built into your current portfolio, and make sound recommendations to help you plan for a happy, secure retirement. No obligation of course. Call now 251-625-1226.
Upcoming Seminars- Call to Register
Our financial seminars in March are next week. Bring a guest and enjoy dinner on us. Seats fill quickly so call our office soon at 251-625-1226.
- March 20, 6:00 pm, Jesse’s Restaurant in Magnolia Springs, AL
- March 22, 6:00 pm, Southland Kitchen in Daphne, AL
If the seminar is full, we can put you on a waiting list for another date. It’s always a good idea to bring your spouse, if you have one, or a friend.
Upcoming Events- Save the Dates
- May 10- Taste of the Town with the Kiwanis Club of Daphne/Spanish Fort and Safe Harbor Financial- Five Rivers Delta Resource Center
- May 28- Memorial Day BBQ at the American Legion Post #199 in Fairhope, AL- Free meals for veterans.