Putting Your Retirement Interests First
Putting Your Retirement Interests First

Episode · 10 months ago

Anticipating the "What-if" scenarios of Life

ABOUT THIS EPISODE

The future is unpredictable. Although you cannot predict what's going to happen, you can create a plan that will help you mitigate and endure whatever the future brings. Listen and learn what you can do to anticipate the "What-if" scenarios of life.

And welcome to the pudding, yourretirement interest, first podcast with financial expert and number one Amazon,bestolin author Robert Cannon, each episode features healthful insidetrackical tips and reliable strategies to help make your retirement asenjoyable as possible for the next few minutes enjoyed listening as cohostBethanye Dilson tosks, with Robert Cannon about putting your retirementinterest firs. Once again, I am joined vy RobertCannon. Robert is the author of putting new retirement interests. First, it's aprioritized approach to protect your future and turn your dreams into areality. Robert thanks again for joining me. Thank you. I appreciate sothis year that we are recording. This has been quite the year D it', twothousand and twenty, which a lot of people will remember as the year ofCovid nineteen the year of quarantine,...

...the yeur o lockdown, and it wassomething that I don't think anyone really saw coming, how drastic thispandemic would be and how much it would really impact people. I know for youespecially you're close to New York City, so I'm sure you have felt it inextreme ways, and I know I know that you know, as youdeal with clients and talk about retirement and finances, you're not amind reader, you don't know the future and you definitely couldn't hevepredicted this pandemic. But how can people prepare for kind of the? What isin life things like covid nineteen that can take people off guard and impactthem financially? What are some some steps that people can take to preparefor something like this for the point is interesting because Iactually lived near the round zero where it all started andended up contracting covit myself buthe by surprise, because you know I was ina hospital. You know I recovered, but...

...it cuht me by Surpris, so I also have a plan. So I have a plan interms of insurance. I got Ta Plan for my family that you know. Obviously we don't want to happen, but if Ipassed away my family would be now, even though you know when you're in thehospital you feel that way. You're, like Oh, but I'm net, ready to go yetso so people need to understand that you may want it or you may not want it.You know things happen, so you have to be prepared and what we do you know wehave a clear plan for you is also is sort of like a GPS. So you you know. Ifyou were going to travel, let's say you were going to drive to New York. Youknow e hoping hom. One comes to you in New York. You have no idea right how toget here, but you're going to put on your GPS. You can listen to the radio.You can listen to podcast, you can do...

...whatever and you're going to get hereto New York because you have a plan. You have that GPS, you have a clearplan, so you don't have to be concerned. That's what you're doing with us now covid head. You know the marketwent down. The government basically shut down ethe economy, but because you have a plan you're going to be okay, you're going to be okay and the peoplewho set that up with us now they feel great because they're not concerned aboutwhat's going on in the market, is the market up just the market down? Youknow they're going to be okay, but the people were scrambling and cualling usand all when to retire. My money went down. I took money out the market, youknow, I timed it incorrectly, they didn't have a plan and those are theones that are are concerned. So what we do we sit down with you and come oupwith a plan.

Well, you don't have to worry about whatever it is. TIR's no way like yousaid, is impossible to predict. You know I don't care if it's presidentialpandemic, you know whatever it is taxes we come up with a plan. Tit will shieldyou from those things yeah and then you feel comfortable going forward. So for you personally, you know, sinceyou were very affected by thes pandemic, did you feel kind of like a light? BelPlick on, even though you do this every day, what did become that much morereal to you, O? Oh, it's so important to have a plan because something likethis can happen. Yus I'll say something reveal somethingwhich is ridiculous, but you know you have to you: have a trust nd. You haveto fund certain things. The one thing in might trust a I didn't fund what youhave to do, and I'm sitting there thinking. Oh my God, I'm the a visorwho preaches this to the world and I...

...need to fund it. You know I've Beun,putting this off r like two o three weeks and now this firus Tet and Ididn't fund it myself and I'm like I have to make sure that my kids aregoing to be okay. So so yes, it was very surprising to me that you have to you have to prepare for anything right.You know. Obviously you know live a healthy lifestyle and you know superhealthy, so I was 't concerned, but that procrastination for two to threeweeks even me, I was able to realize that that was a mistake. So there's noprograstination, you can't propracinate, you just have to do it yeah well, andthat brings up a great point that even if you're, healthy and you're young-and you know take care of yourself, life can still happen. Things can stilltake you off guard, even if it's something like a medical villa justpopping up that you didn't really expect so, there's lots of differentthings in life that just happen and and that's why it is so important to beprepared. I'm reminded you mentioned the last time that we spoke that yourdad was a police officer growing up, so...

...he honestly wed had a pension once heretired and it can be a little tricky. Then though,pensions are kind of going out, is it still kind of Har into plan aretirement around apension or maybe round social security? What are somesome smart moves that someone can take if they are planning retirement arounda pension. You know around a pension is a littlebit easier than the people that are putting money in their forin case andthey're financing it themselves, because with the pension you realize,okay at sixty seven or sixty eight I'm going to get you know: foursand dollar,SOCA security. An we end up with twenty five hundred ollars is a little biteasier to plan in terms of knowing approxiately. You know what you'regoing to happen, how much you're going to need right right without the pension?It's really difficult, and I think that's what really throws people for acurv ball. So you have to be really careful on planning for your retirement.

I've seen people even with a pension, still make mistakes, so you have tofigure out what your lifestyle is going to be in the future right and planaccordingly and understand. There's a thing: that's called inflation. People think that you know cost me adollar for bread is always going to cost me a dollar from right now, right,Te, OP and when you're eighty years old and right now, you're sixty five. Youhave to account for that and sometimes peoe. Just don't do that so if somebody decided to Ou know sitdown with you, I'm assuming you're not doing it in person because, like wementioned, we are in the mile of a pandemic, but if they wanted to have azoom call like this week, you or something over the phone. What couldthey expect from that? First appointment when they speak with you, so I have a little bit different intake form and most people. You knowthe most people lust. Look at your ristolerance and you know they havethis cookie cutter system. You're...

...aggressive your consertive. You know your moderates and will put you in aplatform we put you in allocation has best for you, my antigue form. Is Youknow what's really important for you? I want to know you. I want to know you'rea family. I want to understand you. Your dynamic covern, know wt, what'sreally important for you and we're going to a line together and I'mbasically going to be your partner for life. So it's a little bit differentprocess is very cost customize specifically for you, so I get tounderstand. What's really important for you, so we will guide the processtogether and you know it takes. It takes time, obviously to normally,but that process I think, is a million times better than the traditionalavisor. Who just basically has you, fill out, AF FORM and say: okay, here'sour plan, and you know here's how we going to invest a few million dollars.You know our totally year towards you...

...and your goals and your gacy and it'sjust different different process. Well, that's wit's, so important is that itis a plan that is customizable to each person, because everybody's story andgoals and dreams and hopes are all different, and so I think what youbrought up is really important that you do get to know the person not just theportfolio you get to know them as a whole, and I think a great first stepfor somebody to get to know you a little bit is to pick up a copy of yourbook. You can do that on Amazon, it's available there. It's called puttingyour retirement interest. First, a prioritized approach to protect yourfuture and turn your dreams into a reality. It's by Robert Cannon, Robert.Thank you so much wer. Speaking with me. Thank you. Fr shotive thanks for listening to the puttingyour retirement interest. First podcast with financial expert and number oneAmazon, Bestelin author Robert Cannon to request a copy of Robert's bestselling book or to have a conversation with him about your financial futureconnect with Robert through his website...

...cannon wealth, solutionscom.

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