This is step number five
out of five crucial critical steps I think you should take before retiring.
My name is Doug Andrew I've been a financial strategist and retirement planning specialist
for more than four and a half decades. If you have watched the previous four steps.
Great, congratulations. If not, I would implore you to watch them as a retirement planning specialist
years ago. I developed a very powerful five and a half-hour course called retire by design.
Because at retirement planning is something totally different than what most people did
for their retirement planning and so oftimes I would have people at least five years before retiring
come and go through this five-and-a-half-hour course. Now, I taught it lived in many cities across
America and then I recorded it and you can actually go through this course online. But rather
than pay 300 bucks to view this. If you'll stay with me to the end, I'll show you how you can gain
access absolutely free and I also want to give you a copy of my most recent best-selling book
called the laser fund. Over 300 pages of charts graphs and explanations and 62 actual
client stories of how to diversify and create the foundation for a tax-free retirement. In a nutshell,
the first step we talked about the big picture and making sure that you never outlive your
money and that you are well balanced in all three dimensions of what I call authentic wealth.
In the second step, we talked about strategic tax planning and how to get money repositioned out
of tax-deferred IRAs of 401ks and get the taxes over and done with sooner than later
and repositioned into something that's going to be tax-free from now on. These are called strategic
rollouts and by doing that we have saved many many people a quarter of a million a half million
1.2 million for one couple husband and wife both physicians in unnecessary tax. In step number three,
we went deep into the actual favorite vehicle the laser fund which is where I would recommend
that 40 to 60 of your retirement resources be when you actually retire. So, that if you have
200,000 of annual income 120,000 of that doesn't even show up on your 1040 tax return it's tax-free.
You'll learn about that in step number three. Step number four talked about how to use indexing to
outpace inflation. To earn a rate of return that will outpace inflation even if inflation gets
to be 10, 12, 15% using indexing. You participate when the market goes up but you don't lose when
the market goes down. It's extremely powerful and this has allowed many of our clients to lock-in
gains. Like this year the recording of this video 2021 lock in gains of 30 percent and even 61.33%
totally tax-free. Now in this final step is where I'm going to sort of connect the dots and
you're going to understand how you can get a copy of this 40 page workbook and also a copy of my 300
page book the laser fund. So, stay with me here. Now, as we sort of sum things up in this retire
by design workshop. I often have people total their score on this scorecard. So in the very first step
I introduced this scorecard that people started out with and it has 10 principles that we cover
throughout the retire by design workshop and the first five have to do directly with the financial
dimension. The last five have to do with what I call the legacy dimensions as we go through and
teach this I usually have my live attendees score themselves on this scorecard on a scale of one to
ten and so there are five columns of statements ranged from poor, fair, good, better, to best,
and they will read the statement and let's say the yellow statement. Typically describes where they
are currently at with their finances or with their children or with their estate planning or whatever
and so that's a five or six. So, over on the right you would write down a five or six
on a scale of one to ten. So, at the end of the retire by design workshop people will have a score
on their money based upon liquidity, safety rate of return, tax advantages, and also the battery
versus the generator approach which I explained in step number two. When we talk about the other
dimensions they rank themselves on scarcity versus abundant mindsets in their family.
Three-dimensional approach versus one dimension just the finance the money... Being
responsible and accountable versus blaming justifying or operating in the zone of shame.
Equal opportunities versus equal distribution and also having a values and vision document
what I call an ethical will. When people get all done they have 10 scores they add those up.
Now, I always tell my audiences don't beat yourself up if your score ends up being 30 or 40 or 50 60
or 70. It's not where you begin with that counts is where you end up. But whatever your score is
when you fill out this scorecard I know the answer to this next question. Whatever your score is when
you fill this out and I would recommend you study it and do it. Whatever your score is today, how many
of you watching this already know you would like a higher score in the future? Yeah everybody wants a
higher score. That's what we do. When I say, this is the team of professionals that I surround
myself with. These are the professionals I point my mentees to my students to you're a student.
Because all I am passionate about doing right now is empowering you with education. That's why I
have this three-dimensional wealth channel. I would recommend you share this video. You subscribe to
this channel. You click the bell. You'll be notified every time I post a new educational video on
this very channel. It's free and then you'll have opportunities to be able to engage and get copies
of my books and various materials. Because I'm passionate about empowering you to be self-reliant
and never outlive your money but also not ruin your children and grandchildren in the process.
Abolish the entitlement mindset that we seem to have in this country. So, folks, let me help you
raise your score. In fact, I can think of a couple that came to an event in San Francisco California
and their score was like 37 and nine months later after they engaged with us their score was like
92 and usually I want you to raise your score to over 90 out of a possible hundred within five
years. This couple did it in less than nine months and I gave him a high five because my goal for you
is to help you raise your abundant living score. So that's what happens towards the end of
the retired by design workshop to give you clarity on where you're at and where you're wanting to go
and then I want to help you raise your score. Now, I mentioned we have a team. See, it takes a team
to be able to help you achieve your goals. So let me clarify here, we are an asset optimization firm.
That's what I teach my students to do and I point you to professionals that can help you.
We are not an accounting firm. We don't prepare taxes. But I have trained many CPAs and
tax attorneys with advanced continuing education on the strategies on how to accumulate access and
transferring money totally tax-free and what's far better than IRAs and 401ks and so I can point you
to the accountants who understand what we teach in these various critical steps in retiring by
design. We are not a law firm. We do not give legal advice even though I teach advanced
continuing education to tax attorneys and estate planning attorneys on how to avoid unnecessary
tax and establish equal opportunity trusts instead of equal distribution trust, okay. But I am not an
attorney. What we do is we point you to people who can help you with your real estate. So, if you have
real estate and you want to hold on to it I can show you how you can reposition real estate and
maybe sell your properties in the San Francisco Bay area. I'm thinking of many people down there
that have five-bedroom homes. That are worth 4.8 million dollars and they bought the home 35 years ago for
230,000 now it's worth 4.8 million and they're renting it out for 10 or 12,000 a month and they
think that's great? I go, no. Do the math. They don't realize that something's out of kill there. Either
that home isn't really worth 4.8 million it's an inflated market or that home should be renting
for $40,000 a month. Why? Because there are five-bedroom homes in Memphis Tennessee
or Orlando Florida that are worth 300,000 and they rent out for 1% of
the value a month. They're worth 300 grand. They rent out for 3,000 a month. If that home in San
Francisco Palo Alto is really worth 4.8 million. It ought to be renting for 40,000 to 48,000 a month.
People hear that and they go, "What should I do?". So I point them to real estate specialists that
can do 1031 exchanges. Maybe sell the property and people are shocked when they put it into a
laser fund or a portfolio of laser funds and they get cash flow that's double even quadruple what
their rental income real estate was providing and they don't have to fix toilets anymore. They
don't have to take out the trash. They don't have to evict tenants. They don't have to have
management-intensive real estate or they do 1031 exchanges and they end up with 12 properties
in Memphis Tennessee and they quadruple their cash flow and have newer properties.
We can point you to real estate professionals. We often have asset managers that if you have your
money in the market and I would recommend more than 30 percent of your money be in the market.
But I have asset managers that can give you the protection like indexing does on the laser fund.
So that when the markets go down you don't lose but when the markets go up you make money
and you'll be blown away on how you can do that. It won't be tax-free but you'll be able to have
the same protection that the laser fund does even though it's not tax-free. So we point you to
various professionals but where we specialize in helping people the most is with tax-free income
and pointing you to the professionals and giving you financial asset optimization strategies.
That's why when I talked about the four incomes in retirement investment real estate
or guaranteed income or tax-free income. What I'm normally doing in the retire by design workshop
is I am showing people, "Hey, you may want to only have up to 30 percent of your income in yet to be
taxed IRAs or 401ks or money in the market when you retire. You need to do a strategic rollout."
If you have money in real estate. Golly, there's better ways to optimize that maybe the cash flow
or maybe you don't even want to be a landlord anymore and you want to sell it strategically
and take the net and put it into the tax-free bucket. You can see how to do that. If you want
guaranteed income I can show you how you can utilize an indexed annuity. So that if
you run out of money in the annuity. You will not run out of income because it guarantees you an
income if you live to be 120. Now, I've never owned an annuity. I doubt I ever will because I have
high-risk tolerance. People with low-risk tolerance this might be a good option for some of your money.
You already should know my favorite vehicle is the tax-free bucket and out of Roths. I've never owned
a Roth and I never will and out of municipal bonds I've never owned those. Because they're
low yielding and many municipalities are filing bankruptcy. My favorite vehicle is the laser fund.
The strategic rollouts are to help you get money out of this purple bucket primarily down here
to the tax-free bucket. To where I feel like you should have 40 to 60 percent of your income not
even show up on your 1040 tax return. That's been the message. If you're trying to create predictable
cash flow there are certain issues. The reason why I like the laser fund is because it makes you
immune from taxes, inflation, and market volatility, which causes most people to outlive their money.
But what about medical costs? What about long-term care costs? Well, you can learn in retire by design
but by attending our educational workshops on how you can use asset based long-term care or use the
laser fund to self-insure. Which is actually usually much better than buying an expensive
long-term care insurance policy. Where if you don't ever make a claim the money is down the drain.
You can learn how to do that to take care of that need or again if you want to make
sure you'll always have income the rest of your life no matter how long you live.
Maybe combining an annuity with the laser fund is the answer for you.
The key is to diversify. I would recommend no more than 30 percent here, no more than 30 percent here.
Somewhere between 0 to 80 percent here. But I would recommend 40 to 80 percent of your income
come totally tax-free out of a portfolio of laser funds. That is accomplished best by doing a
strategic rollout. That's why I want you to attend a five and a half hour retired by design course
either online or if you have a chance to attend one that we may do live in your area. I want you to
come in and engage with us so you'll be notified. So, folks, again my favorite vehicle is the laser
fund and that's why my 12th book is focused totally on the laser fund and why it's like a
financial swiss army knife. It's the dream solution for so many financial goals. Whether you're using
it for death benefit retirement planning but this will outperform a 529 a college savings plan it
has way more flexibility and you don't have to use it for college and it still stays tax-free.
So, college savings may be working capital for business or real estate management. You can use it
for emergency funds rather than keeping money in a bank or credit union. It's just as liquid if not
more than having some drive-up window at a bank. You can use it for lump sums or capital transfer,
estate planning and pension maximization. If you're a school teacher, police officer, a firefighter. But
general tax reduction. There are 62 actual stories in this book. So, here's how you can claim your free
copy. Go to laserfund.com... You contribute a nominal amount towards the shipping
and handling. I'll cover the rest of that cost and I'll fire out a hard copy of this 300-page book
for you. It's actually two books in one. This white covered side has about 200 pages 14 chapters with
all kinds of charts and graphs and explanations of how to optimize assets and minimize taxes. If you
learn more by stories you're a right-brain thinker and decision-maker. You flip the book over to the
orange side and this is 100 pages 12 chapters with 62 actual client stories. Claim your free copy when
you do that you'll then be notified by being in our database of educational webinars. Subscribe to
this channel click below. Stay connected to us and when you attend one of our educational webinars
you'll have the opportunity to receive free a five and a half-hour online course retire
by design and you'll have your 40-page workbook to help you go through that. I would recommend
you do that at least five years before you plan on retiring. So, here is to your brighter future.