How to Secure Your Retirement as the Market Drops

[00:00:00] Speaker A: Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. [00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correjo and JR Rochford. [00:00:43] Speaker C: Anthony Correo and JR Rochford taking a break from our day to day as financial advisors with Rochford and Associates. Fully independent fourth generation family office right here in Sun City to bring information you may not find on those other financial radio shows. We're aware the last thing you need is another money show, but we appreciate you being here. What do you got on the docket today? [00:01:04] Speaker D: Nothing. I'm. As far as I can tell, there's not much going on in the world. So let me start out with some personal stuff. I like to start out with shout outs and it's very cool. I was at a party last night and there was a handful of people that listen to us every week. So that's really cool. One of them is Rick and he's been listening since we started. So very cool. I do want to do a shout out. This past Tuesday we had our West Valley men's networking. We do a happy hour once a month and if you can hear us, that means you're close enough to join us. I think it's just, it's a wonderful group. We had a great turnout. So and, and I want to give you an idea. I mean what you're going to run into. This past Tuesday we had an attorney, a guy that does wills and trusts. We actually like this guy. We trust him. We think he's honest. So we had an auto mechanic you've heard us talk about Mike from Frank's Honest Auto. Mike was there. We had a new guy who owns a air conditioning, an H VAC company so he does residential work if you need that. Summer's coming up in Arizona. We had several people that work in senior placement, senior downsizing, helping with moving. If you have a parent that needs to move. We had a couple financial advisors, one I think is really good at his job. One's iffy. We had, we had a few retirees that was cool. We had an insurance guy Our buddy Steve is getting into the life insurance game. So Steve, if you're listening, we do that too. So we might be direct competition. We had a couple radio show hosts, we had Anthony Correo from another Monday shows there, we had Joe Jaquent. So the guy that we've had on our show twice now came to our happy hour and he was big hit. I think he's a big hit everywhere he goes. But so if, you know, keep in mind, second Tuesday of the month, if you're a guy. We are very sexist over the West Valley men's networking. But come join us. It's a casual way. We have no dues, no speakers, no 30 minute commercials. Just show up, get to know each other, build relationships. So it's a casual way to make sure you have somebody from a bunch of different industries ready if you need them. So other than that, should we jump right in? Should we talk about the gorilla in the room which is, you know, obviously still the stock market yesterday was interesting. At this party I went to last night, I was getting ready to go and there were a few people that were standing around by the, by the front door and they're talking about the stock market. So that slowed me down a hair. I wanted to hear because, and I mean no offense, these are people that I know like trust, care about. But it was just hilarious because when I said last week that, you know, if we're going to attack Iran, everybody's going to be a geopolitical expert, you know, go to Facebook. Everybody now is a financial advisor. So it's kind of cool. I want to tell you something about Anthony and me and our fully independent fourth generation family practice of financial advisors in the West Valley of Phoenix. We cater to investors, not traders. And I don't mean traders like you, you know, congressmen, senators, you know, Elizabeth Warren. If you guys are listening, I don't mean you, I mean traders like stock traders. So it was just funny to hear this conversation because several of the people were talking about buying stocks yesterday and it just, I'm like, wow. I mean that you're, you talk about day trading. If you, in this past 10 days, 10 calendar days, how much, everything's changed so much. If you've been buying and selling because you panicked about something, you're not in the right place. You need to sit down with us and let's. Your whole life you've been offered products. There's a big difference between financial products and a financial plan. So when I hear a lot of talk right now and you know Some of the radio advisors, the advice now is don't open up your statement. Don't look at your 401k. I mean, I think that's kind of garbage advice, too. It's your money. Next to your health, it's probably the second most important thing you have to deal with on this planet. So I don't know, I just. I found it interesting, you know, to talk about what in particular stocks I'm hearing that were bought and sold over the last week. And I'm like, wow. I try not to be too hard at fishing around my friends that I hang out with, but some of these people need to sit down with me and let me explain to them some of what's really going on. [00:05:25] Speaker C: The market lost about a year's growth in three days. Were you guys buying last year, a year ago? Because it's the same value. So why is it a value now? [00:05:35] Speaker D: It's the same price all the time. With bitcoin, you didn't want. It was $107,000 a coin. I mean, I'm sorry, I said that backwards. You wanted it. You were talking about it. You know, so I get into bitcoin, and now when it's down to what, 79 or 70, whatever the heck it is today, you're not. You're not buying it. What the hell's wrong with you? The old buy low, sell high. If you have the stomach and discipline to execute it, it works. My grandfather, when we talked about money when I was a young lad and couldn't really understand it because I needed a motorcycle, not a retirement plan. It was before high frequency trading, computers. It was before marijuana stocks was a big conversation in Sun City. It was a different day. But you know what hasn't changed? Buy low, sell high, if you can pull it off, is a good idea. You know whose 401k is not suffering right now? Let me give you a little idea. A few people, I don't think are all that worried right now. How about Mark Zuckerberg? How about Warren Buffett? How about Jeff Bezos? How about Jamie Demon? I'll bet some of these people aren't really that worried. You know, Warren Buffett, we told you over the last year they were getting out of their stocks. We told you that. Do you think you're smarter than they are? You know, we told you that Warren Buffett was getting out of his stocks. We told you that several times. We told you Jamie Dimon. I can't. I stop saying Jamie Demon because that's probably wrong of me. You Know, for the first time ever, he sold J.P. morgan stock for the first time ever. Over the past year, he was selling it. So I, I don't know. I mean, I, I think the whole thing about this weird market we've been saying to you, our big modus operandi is diversification and moderation. And, and by the way, diversification. Speaking of bitcoin, Bitcoin is supposed to be a counter to the, to the financial markets, right? I mean, it's supposed to be a currency, which it's not because I can't take my bitcoin out to dinner with me and pay for my meal. So it's not a currency. You can't use it. Okay? So you have to sell it and put it into the fiat currency, which is past its prime lifespan already, and then you can go out to dinner. Okay, so it's not a currency. We've established that. Then it is supposed to be out of our normal system. We've established that. It is not. Because when the government thinks you're funding terrorism or laundering money or drug running, they will seize your wallet. Okay? So it's not out of the system. And by the way, you have to pay taxes on gains. So how's that keeping the government out of it? Now, something else I've noticed this past 10 days isn't the bitcoin. And these, these cryptos, aren't they strangely mirroring the Dow Jones, the Teflon Dow, the S and P, the nasdaq? Isn't it weird how it's all kind of lockstep? Why, you know, gold's not. When we talk about moderation, diversification, we also include hard assets, guns, you know, tools, natural medicine, gold and silver. We talk about that stuff. You know, we're big fans of Dave Hodges little shout out. So, you know, bitcoin, why isn't it acting like gold and setting record after record while the market's, you know, sketchy? It's because it's baloney. But whatever. I'm sorry, I shouldn't get so excited. So, all right, let's jump right into. Let's get into Trump. So Trump yesterday, by the way, today is the 10th of April, as we record yesterday, the Dow Jones. I don't know what it was. It had its best day in 30 years. Is that what it was? [00:08:55] Speaker C: So, so great, right? Yeah, because everything's fixed. Day after day, went from being the worst in history to the best. [00:09:03] Speaker D: And yeah, all within a week. We've seen all this, you know, and don't forget, I was in the office in the late 90s. So I was there for the tech bubble. I was there when a plane in a building. I was there for 2008. I've never seen anything like this. I guess, you know, it's been like 30 years since we had swings like this. I have a question for you. So Donald Trump, our commander in chief, currently he put out a post on Truth Social. And the market went vertical. The financial markets went straight up in the air because that man put a post. You're counting on your future and your retirement. You know, you know, let me, let me go back. The people that I was listening to last night talking about stocks, I guess you're right. You might as well be a trader, not investor, because this, this whole thing is just insane. You got to get lucky. You got to make sure as soon as you hear somebody put out a post, you, you press your buy or sell button as it happens. But it's. If one man can say something, you know, we're going to put on the brakes or whatever the heck was said and the market's going to go up, straight up. Wow. And you're thinking we're wrong about this being a rigged game. I've said to you for three years on the show, the Dow Jones Industrial average, the major benchmark that people have used over my lifetime in this career, it's 30 companies. It's not indicative of what's going on in our country, let alone our world. If you did take the Dow Jones, the s and P500, the NASDAQ, the Russell 2000, if you took a basket of index, you'd get enough companies kind of to see the world. And I can tell you something. Before you rely too heavily on that basket of indices, you may want to pay down debt, you may want to buy hard assets. You may want to be diversified. You may want to look. What are your options? Sam, I read your outline this week for the financial advisors to have a little guide. There's some good stuff in there. It's tax time. Next week is tax week. What can you do to minimize taxes? You can do life insurance. You know, up to a modified endowment contract. You can overfund life insurance. You can do a Roth ira. You know, we have ideas for you. You know what's good about life insurance and Roth IRAs? Diversification. That's all we're trying to get at on this show. When we talk about how, you know, the people that say fixed annuities are evil and they're wrong, I want to just make sure at least you know what they are and how they work and how you can take risk and you can be a day trader with a portion of your money as long as you have some good, good, safe base along with it. That's what most people are missing. Again, I believe they have been sold, they've bought products. They've never really had a plan. Anthony, you've been with me seven years. A lot of what you've seen, you're like. They can't explain to you what they have. That's problematic. You have been very clear with people that you are going to bring them a plan which you don't think they've ever had. And I haven't heard one single client argue with you. Oh, yeah, no, I got a plan. This is how this works. If this happens, if people have a financial plan, can you explain to me the last 10 calendar days in this country? If panic is part of your. If panic is part of your strategy, you don't have a plan. I guarantam t it, Sam, put on the board. If you're too scared to check the balance of your retirement accounts, you need to call us. Amen, My brother from another mother. We don't think the volatility is over. As I look at the. Let me pull up the Dow Jones as we're recording because I am a multitasking genius. Let's see how I have to stall and hesitate. Oh, boy. It's bouncing back. It was down 1500 points when I checked it a little while ago. Now it's only down 1000. So this is great. So, yeah, so yesterday we were up almost 3,000 points. Right now we're sitting at giving back a third of that. Who knows how the day is going to end. But I can tell you, if you have to watch that as part of your retirement strategy, then you're too exciting. You know who we're trying to help, which we're trying to help people. We really are. We are trying to help people that want to be common sense, have a plan, not a product. And we want to help. [00:13:01] Speaker C: Freaking out over this. Why didn't you have a plan ahead of time? Like there's no reason for you to double or, you know, I guess regret everything you've been doing. If you had some sort of plan together now to live in regret over two days of trading like you shouldn't be in the market. If that's something you can't comprehend or take the risk on 100% what I'm saying. [00:13:25] Speaker D: Yep. And I just get too excited. You. You calmly Sum it up. But yeah. So reach out to us 623-523-0444 and let's show you what we do versus what I think you've seen in your previous life. Let's talk for a second about the treasury, if that's okay. So you know what, you know who I really miss, especially times like this, because my favorite cartoon, Janet Yellen. I miss her so much. I miss the stuff she said. I miss her doing drugs in China. I just miss so much about that woman. So, yeah, she, she, you know, she addresses things like inflation and transitory. She addressed tariffs last year. I think, Sam, if you, if you can play a little clip, I think it's interesting how Janet told us tariffs would go. You got that queued up for us. [00:14:12] Speaker E: As you have seen, there have been some experts, some groups, the National Retail Federation among them, who've expressed concerns that it will be US Consumers who eventually end up paying for these tariffs. As you know, polling shows that rising prices are voters biggest concern right now. So I'd ask you to speak directly to them. Will American consumers bear the cost of these tariffs? [00:14:34] Speaker D: I don't believe that American consumers will see any meaningful increase in the prices that they face. Do I add anything to that, Anthony, or just let that. [00:14:48] Speaker C: Do you want to give context to it? [00:14:49] Speaker D: No, not really. I mean, I'm saying a reason to. I just want to make fun of her. I don't take her seriously. I think everything that I ever heard come out of her mouth is reactionary. [00:14:58] Speaker C: That was a year ago. It was like six months before the election and it had to do with Chinese tariffs. And she justified him saying that they're not going to affect because they're only targeting semiconductors in places that the US Is putting a ton of money into. [00:15:15] Speaker D: And is that how it's playing out? 180° opposite. Janet, you were wrong again. Even on your way out of your career, you're wrong. You came in wrong, you stayed wrong in your different positions and you go out wrong. And if you're listening right now, call me. Let's talk about it. Let me know how I'm wrong about you being wrong and we'll discuss it. This thing with the tariffs, you know, how did the market skyrocket yesterday after the post on Truth Social? Because we're going to do a pause. We're pausing again. So we, you know, we've, we paused a few times. They're on, they're off. You know, the tariffs, it's a great unknown. I understand that, you know, the only people that we really need to worry about with the tariffs is not off and that's China. So our trading partners in on the globe, number one, China, number two, as kind of a tie, Mexico and Canada. Number three, the, the aggregate European Union. So if the, if the tariffs are on a pause in Vietnam. So who gives a crap My slippers made in Vietnam. I don't care. You know what I care about? And I don't even care about Mexico and Canada and the eu. You know what I care about? China. Because I know at one point there was. This is years and years ago Walmart had gotten up to something like, and not food and certain things. They got up to something like 96% of the things you can buy at a Walmart, like retail goods were 96% were out of China. So I don't know. And the thing with Janet, I just wanted to take a chance to make fun of her one more time, you know, because now we have Scott Besant. I read something that really, really bothered me this morning. Scott Bessant is gay. I don't know if you, Anthony, and you Sam, know that it shouldn't matter. You know, I mean part of the whole political division. I've said I think we end up with a civil war. I think we end up with red states and blue states. I read this thing this morning. I didn't print it off. I didn't get it ready for the show. I just read it and I turned away in disgust. There's a lot of people that say that the Republican side of the aisle is. They're stodgy, they're conservative, they're not accepting to lgbt. You know, they're racist. All this stuff and, and this, this article. You fan the flames when you do stuff like this. Just who cares if Besant does a better job than Yellen? Do you really care what, what nationality, what sexual org. You know, origin, not orgy. Sec preference. I, I don't know. It floors me that I had to find out and, and I knew that he was gay before this. [00:17:45] Speaker C: I didn't have to share any of it either. We don't have to have this stuff discussion. [00:17:49] Speaker D: Well, yeah we do because our job is to bring you things you're not finding on those other financial shows. So if you run across an article that says Scott Besson is gay and it does pique your interest, you're like, oh yeah, I knew that because I listen to J and Anthony. So I disagree with you. I think it's very important and I think I'd like to spend the rest of the show talking about Scott Besson's personal life, if that's okay. Sorry, Anthony, as you used to say, but you haven't said in a while. I'm on one today. I'm very excited today. I've drank a lot of coffee. I'm actually one cup deeper than usual by this time. So let's talk further about Trump. I did notice something. This, I think, is a duh moment for me to have noticed. But when the market goes down, it's Trump's fault. But yesterday, the market went up by almost 3,000 points in one day. You know what I didn't see any of last night? As I'm reading and researching, I didn't see any credit for Trump. So it's kind of like if you go to a casino, let's say you don't value saving your money and you go to a casino. Sorry, that was a slam. If you, if you're in a casino and you're playing, let's say, just blackjack or whatever, and you're winning, you're winning hands, it's. Is it your skill? Are you really good at blackjack? You know the basic rules and you're just really good at it. And then when you lose, it's the dealer's fault. I've seen some of that. I play cards at a local casino here and there. I know good, conservative financial advisor. And it's just funny to watch people, especially people that I don't know that aren't regulars. Yeah, even. Yeah, when they're losing, they hate the dealer. It's their fault. When they're winning, it's their mad skills on the card table. So that's what's happening with Trump. There is a lot of talk right now. It's growing legs. I started reading it last week that this is all intentional, that Trump is sabotaging the financial markets. He said before he came into office, he said during office he needs interest rates to go down. So if interest rates come down, the end game is we pay less interest on the debt that we owe. So I found a few articles. I'll reference one right here if you want to look it up. It's on Watcher Guru. So look up watcher guru on March 5th. So this is not a new article, but there are newer ones. Says here, analyst claims Trump is deliberately crashing the stock market. Here's why. Ever since Donald Trump assumed the reins of the White House, the stock markets of the world have shown a bumpy stance in response. Bumpy. That's what we're gonna call these skyrocketing days. They're bumpy. They're just a little bit bumpy. And by the way, the more you say the word bumpy, the more it sounds like it's not a real world word anyway. So, for instance, the markets surged meteor, meteor. Like a meteor. When he was elected the 47th US President of the United States, the moment he commenced his tariff policy deployment, the markets were once again down, portraying a consistent ebb and flow pattern rather than averaging at a steady pace. While many have considered this a normal response of the markets to the changing geopolitical narratives, one analysis, one analyst I'm sorry claims that this is not an ordinary pattern, with Trump deliberately trying to crash the market to cater to a serious economic issue. A notable analyst on X, his name is Amit, recently shared his new analysis on the current market dynamics. Says here the post consisted of elements claiming how Donald Trump is deliberately crashing the stock market to pay off the mounting US Debt that the nation is currently embroiled in. Speaking about his analysis at length, Amit stated how the US has trillions in debt that the nation needs to pay off in the next six months. I don't know if people knew that if the US fails to do so, it will have to refinance, causing more pressure in the process. The expert shared how the Trump administration is deliberately slowing the market by imposing tariffs on nations to ease the aforementioned process by simmering it down a notch. Let me read just a hair more. We have 7 trillion of debt we need to pay in the next six months. That's staggering by the way. If we don't pay it, we'll have to refinance. The Trump administration does not want to refinance at a 4 plus. The 10 year at one point this year was at 4.8%. How do you get the 10 year to come down? Markets need to show weakness in growth, Doge has to be perceived as actually working and interest rates need to come down. In essence, Amit stated the administration is deliberately crashing markets to increase volatility to bolster the bond purchases instead of equities, which in turn may establish economic equilibrium to an extent. Very last thing I'll read here. The way to do that is to create massive uncertainties, AKA tariffs, which can slow down growth in the short term. Get the bond market to start buying bonds as soon as possible because of how scared they are of touching stocks, causing yields to fall, which is what we need to refinance the debt and then that gives the Fed authority to lower rates, which continue to bring yields down. So although conventional wisdom says tariffs are inflationary. Yes, that's what we've all been told. And the 10 years should be spiking on more tariffs. It's actually going down because it's bringing so much uncertainty to equity markets. And people are buying stocks and selling bonds. I literally heard that yesterday, too. Where do I hide? Where do. Somebody asked me, do I get rid of stocks and buy bonds? I mean, we have a bond auction coming up again today that'll be interesting. You know, you need to listen to our buddy Joe Jaquin on 10:10am on another Salem station, Family Values Radio. He's huge on talking about the bond market. I would say he's not completely in line with this theory. He is thinking that the bond market is in so much trouble. So I don't know. I mean, it's, it's, it's interesting. [00:24:05] Speaker C: Well, the bond market's in trouble in the sense of debt and having to pay that at some point. You know, we have all these bonds. That's all bonds are, is purchasing people's debt. And there's an insane amount of debt out there trying to tank the market to lower rates. I don't see it being purposeful, but I, it, it doesn't necessarily surprise me either, because the only reason the market skyrocketed since 2008 was because rates were at zero. We were giving money away for free. And when you actually did see some sort of strife from that in 2020 and when they could no longer lower rates to try to save the day, that's when the quantitative easing came in and they just printed money to generate in the inflation that we're seeing, which caused the rates to come up. So in a healthy market, you should have some sort of decent rate so that you have ammunition like that. But they'll use a semi excuse of using a losing a year's losses to try to be the excuse to lower rates again, which would, you know, ruin the future of the bond market. I guess it helps in the short term, but it just, it's force feeding this massive bubble into equities and securities. It just doesn't make any sense. [00:25:25] Speaker D: Who does it hurt? You've talked over the years about something. If, you know, the rates go down, it hurts savers, it hurts people on a, on a fixed income. It does hurt a lot, a large swath of the population. You know, when I look at this volatility, it's not, again, it's not hurting Jeff Bezos or Jamie Demon it's only hurting us peons, you know, us people with 401ks that don't understand enough about how to pick our own funds. We're not supposed to, we do other jobs. We're not financial advisors. We have a 401k. We need somebody we can trust. And you know, what's the answer? They just, when you sign up for, they put you in a target date 20, 40, 40 fund and then you never look at it again, which is a mistake because again next year healthier money is fairly important. I mean, yeah, this, no, the bad thing about this, we're in a no win situation right now. I mean this is not going to be good. And we try to, you know, our whole show is on being proactive, not reactive. You know, I said this a couple of years ago, there was a commercial in Phoenix about a lawyer who said he's the anti lawyer lawyer. And it just was so catchy to me because people don't like lawyers in general. They like Mike, our next door neighbor but we're the anti financial advisor advisors. We, we are very counter to a lot of what we see. And it's like so this, I, I don't know how we get out of all this stuff. I'm, I'm really not sure. And by the way, speaking of 401ks, if you have an old 401k, here's my slimy sales pitch of the day, Anthony. So get ready to tear me a new one if you have an old 401K. You know, don't just ignore it. It's yours. We can tell you. Should you cash it out, should you move it to your current 401k, should you put it into an IRA, we can brainstorm with you and help you figure out what's best for you. So there's a reason to reach out to us at 623-523-0444 or email us teamnothermoneyshow.com and we will be honored to help you. One person, one family, one couple at a time. That's what we're here for. We're not just here for our beautiful radio show once a week. By the way, thank you so much for being with us. You know, we're running into break time. Make sure you tell people about us. We, we need this to keep going. We really are glad we're still here for another six months. And check out our YouTube channel. You know, we, we have over 600 subscribers. So Joe Rogan, we're coming for you. So we will Be right back. And thank you for being with us. We got plenty more to get to after this. [00:27:44] Speaker B: You're listening to Another Money Show. To learn more and contact JR and Anthony, visit anothermoneyshow.com. [00:27:59] Speaker A: Remember, all of JR and Anthony's listeners receive a free financial consultation just for listening to the show. Visit anothermoneyshow.com to learn more and schedule an appointment. Thanks for listening to Another Money show and subscribing wherever you listen to podcasts. [00:28:14] Speaker D: Welcome back to Another Money Show. Thank you so much for being with us. So we, I was ranting, I was a little bit on one when we had the first half. So I'll try to be a little bit more calm. You know, noticing the Dow Jones, the temper tantrum and how everybody is just, you know, waiting with bated breath to see if today's gonna be up, tomorrow's gonna be down. I think it's a rigged game. I've made it very clear. You know, I loved when Anthony was passionate the last two weeks. I love when he actually got to a crescendo and said, I hate the stock market. I love that. If a financial advisor can say that they have a passion against something that makes us more money than perhaps other things we can do, I want to know more about that that piques my interest. So, Anthony, I think I am going to call 623-523-0444 and make an appointment to sit down with you. I think I just, I like, I like your jib. I like the cut of your jib. [00:29:06] Speaker C: So it's all this, I mean, it's the last few weeks, it's the same. It's like we've seen this volatility to before. So to see any article about how the volatility is so terrible in the market, take a huge loss when, I mean, it's, there's no reason to get excited for it. It's stuff we've seen before. Will it grow legs? I have no idea. But are you a day trader buying all this or are you investing for the long term? Who are you listening to for your investment advice? Are you buying and holding? Well, then you're just going to wait it out. But what if there is a dip? What if now is finally the time? Do you have the cash ahead of time to be buying? Shouldn't be selling when things are going down, you should be buying. And have you put yourself in that possibility to do so. Can I want to touch base before I give it back to you? That article I sent you did you read it, it was. I know I sent you a few. Let me, I want to read the title because this one really pissed me off. I think I sent it to you at like midnight and then I ranted for a long time about it. [00:30:03] Speaker D: The name of it was recession proof. Your 401k. [00:30:06] Speaker C: How to secure your retirement account as the market drops. It took one bad day in the market for all of these fearful articles to go out and what you should do for your 401k. You know what really pisses me off about that? Not once in the article does it tell you how to safeguard your 401k. Not once. The entire article. The, the title of the article. How to secure your retirement accounts as the market drops. Nowhere in the article do they tell you how to do that. So let me tell you because I. The article pissed me off so much. Essentially it said, well, don't, it said, don't protect it. Just, you know, maybe add some more bonds. Do a 6040 split. Because a 6040 split has an annual return of 9.4%. But what if you want to retire next year? And, and what if this is the next bubble? What if this is the next dot com, the next 2008 and next year it drops 50%. Is your 6040 split going to save you? No, of course it's not. So anyways, the stupid article written by somebody stupid at The Arizona Republic US what there is a stable value fund. All 401ks are required to have three account choices for you. Most have a ton More, most 10 to 20, all kinds of account funds in there, but they have to have three. One of them has to be some sort of safe bucket for your money. It's typically referred to as a stable value fund or it's the money market. Ideally you have a money market because the money market's actually paying some interest. Now, with rates being as high as they are comparatively, the stable value fund, you know, very, very low rates, if any rates at all. But what it does is it safeguards what you have. So if you do have another year until retirement and you've got 100,000, you got 200,000, your 401k, maybe a 5,000 in your 401k, I don't know. But you have a limit of what you can retire on and what you know that you do not want to lose. What you do is you move over the money that you don't want to lose into one of those stable value funds, money markets, and then you wait. All you're doing is Safeguarding. Are you going to earn a ton of interest? Probably not. But you know what you're not going to have to deal with? You're not going to have to deal with the year's worth of losses in three days like we've had to deal with in the last week. But do you get that excitement when it pops back up in day four? But then what do you do in day five when it's back down like we're looking at on the 10th of April? Were you a genius on the 9th for waiting or no? Or could this grow legs? Could there be more to this? So anyways, you have options in safeguarding your 401k. You don't have to get stuck just waiting it out and doing a 6040 split if you're worried about dropping the market is the dumbest thing I've ever seen. So you do have options. If you have nobody to explain those options to you reach out to us, send us a list of your allocation options. I will show you which one is your safe bucket and I'll show you how to move all your current funds into that. And then take the risk on everything else. Take the risk and all the new money going in. Because if, say, this is the tip of the market and starts going down, start buying in while things are getting cheaper, it's only going to be with new funds. Safeguard what you have, take the risk on the future investments. [00:33:33] Speaker D: Do you want to know something weird? [00:33:34] Speaker C: What? [00:33:35] Speaker D: I have been doing that for almost 30 years for people I have explained. I said, and I'll bring it up sometime in the future about a client named Robin who was risk averse. And the bottom line of Robin, what she taught me 20 something years ago was she would make money on money she put in and then she would ask me like four times a year. She got a quarterly statement, safeguard it, move it over. And I was like, yeah, but you're so young. And she's like, yeah, but I don't like worrying. And she would safeguard it. And I was like, oh, that's not, that's not what I was taught in this industry. I was taught The Rule of 100, I was taught the Rule of 72. I was taught how to do financial planning. I didn't understand that financial planning is an art, it is not a science. My father was 28 years older than me and he was a lot more risk friendly than I am. I like fixed annuities, my dad likes stocks. So we're all different. But Robin used to protect her money. Robin wound up being one of my bigger portfolios because she just never lost a lot of money. And Anthony, make sure you explain that last part. If you safeguard your 401k, and yes, we are giving you general thoughts. We are not giving specific advice. We can't do so without sitting with you. But if you got, let's say you got 100 grand in your 401k and you put it all in the stable value or money market, then you go over to your future contributions, the money that's getting taken out of your paycheck every two weeks, and you go more aggressive than you were. You want to buy low, sell high. So if you safeguard your money and you're not worried about losing your money, you can take more risk. I just brought that strategy up two or three weeks ago, Anthony, on this very show. I said, let's say you took half your money about it quite a bit. [00:35:10] Speaker C: But now it's where people actually may listen. People don't listen when things are going up. It takes one bad day in the market for everybody to be like, oh, maybe I should have a plan. Well, you got three of them, maybe four of them, maybe five of them by the time the show actually airs. [00:35:25] Speaker D: Yes. So that article, go back to the title for a second recession proof your 401k how to secure your retirement accounts as the market drops. Like, let that sink in what it just said and then let me go into the article. And Sam, you want to hear something really funny? Your outline for advisors, you referenced that very article that Anthony sent me before I saw your outline. So dig into it and you'll see, Anthony, it was repackaged by the Republic, it was put out by the USA Today, and it's actually in Sam's article. So we know you're both on the same page. So when you get into the article, when they actually give you the list of what to do, it has nothing to do with your 401k. It says, number one, keep debts under control. That's super good advice. What does that have to do with your 401k? Number two, review your tolerance for losses. Okay, I stand corrected. That one you should do on your 401k. Number three, build up your liquidity. Beautiful. Good idea. What does that do with your 401k? Number four, re evaluate your job prospects. All right, how do I safeguard my 401k? Get ready to quit and move my 401k to an IRA with JR and Anthony conveniently located in 98 and Bell. And the. The last two, I'm sorry, the last one. I love this one. Delay retirement if you can. How do you fix your. How do you safeguard your 401k? The article didn't say what do I do to make sure I'm not worried about my 4K. It specifically said how to secure your retirement accounts if the market drops. The big one here. Delay retirement if you can. So there's your answer, kids, if we have another 2008, or God forbid, a 2000 and 2008 combined, here's your answer. If you were getting ready to retire in 2007, eight, nine, beginning of 10, whatever, don't. There's our financial advisor. Don't do the right thing and work forever. That's our answer to you. I find it interesting. [00:37:19] Speaker C: That's how you protect your 401k from recession. Just work through all the downturns. [00:37:23] Speaker D: Just quit your job. Quit your job. Make sure you're online. [00:37:27] Speaker C: That's how you protect the 401. [00:37:28] Speaker D: Yep, yep. [00:37:29] Speaker C: Protect a better job. Actually, let's talk about that real quick too. If you have an old 401k, there's zero reason to keep it as a 401k. You have significantly more options if you roll it into an Iraq. Now the only option you don't have is you don't have loan provisions. You can take loan provisions out of a 401k, you can't out of a traditional IRA. But if you're working and you're over 59 and a half, you don't need loan provisions anyways because then your IRA is liquid. But if you have an old 401k and you don't plan on taking loan provisions, there's no reason to not roll it into an ira. You can reinvest in all the exact same funds for the most part that are available in your 401k. But cheaper, you do it cheaper, less fees, have more control of it. 401ks are great while you're at an employer, but when you leave an employer, unless you need that loan provision, there's really no reason to keep it. [00:38:20] Speaker D: That is generally true. Of course, that is a generalization, but generally we find it to be very true. And by the way, one thing that you need to talk about, we don't probably talk about it enough. I mean, backdoor Roth conversions, you know, doing a Roth, you know, just here's for you younger kids that are listening to AM radio at 5 o'clock in the morning, a 960, the patriot say you're in your 20s, 26, 27 and you're starting out your, your lifelong journey on quitting jobs and delaying retirement on your 401k. Put in whatever they match, put in up to the match and then stop there and then see us and we'll help you figure out how to do a Roth ira. And then after you max out the match and you do a Roth ira, we're going to talk to you about something magical called non qualified funds. And we're going to explain how they work and how the taxes work and all that stuff. I do want to read one more thing from the the outline. Sam, this is the most I've used your outline. Usually I do my own because I like to make sure everybody knows the world is ending and we're not doing any financial planning while that happens. So one more thing from this outline and I probably am like kind of making fun of this a hair. But one of the things here, it says here the tech heavy NASDAQ index has declined a little over 20%. However, historically, after the NASDAQ has found its bottom, can it find its bottom with both hands? So after the NASDAQ has found its bottom, it has taken average of just 13 trading days for the NASDAQ to rally more than 20% from that low. I love the stat, don't get me wrong. What it's telling you is do not panic. There's studies that say if you miss the 10 best days in the market over a 10 year period, you're in trouble. And there's other studies that say if you're in the market without panicking for the 10 best days, it dramatically changes your retirement portfolio. So the bottom line of all this stuff going on right now, have a plan, not just products. Hang tight. Understand how full the financial markets are of you know what, but let us help you with how they fit in still, because in a big picture, there's no other game in town. Diversification and moderation. Buy your Bitcoin, buy whatever as part of your portfolio. Buy your gold and silver, you know, do your 401k, do all this stuff, make it all work together to hedge your bets. But if the NASDAQ can find its own bottom and then be up after 13 trading days, whew, that's pretty heavy. That's a pretty heavy swing. I have so many fun articles today. Enough of this financial stuff. We are another money show. Our thing is to bring you current events and how they're going to affect your finances, not your actual finances. You can find that on the other boring shows, by the way, on the Boring shows. You better call now. You know, if you're worried about your 401k, you better call now. Because they usually only have 10 appointments. We're fortunate at another money show and Rochford and Associates, we have unlimited appointments. So if you're caller number 12, 13, 14, we're still going to see you. So welcome to it. Let's talk for a second about some, oh, you know what else you're going to get from a lot of advisors that we have not caved to do yet. And I only bring this up because I recently was talking to a woman that went to one and she explained in detail what she found. And I was like, of course that's what we found. Dinner seminars. Be careful. There are very legitimate financial advisors doing very, very good legitimate seminars. There are also some out there that how it's set up. They already know the product. They just have to get 40 people in a room, buy you a nice dinner at Fleming's or Morton's or whatever, Ruth's, Chris. And then they have to get 10 appointments, they have to make five, and the whole system works. But be careful. And I'm giving a generalization and I probably shouldn't do this, but if the product at hand is a variable annuity, which this woman ran into, that talks about the upside without really digging into the fees and the risks, be very careful. Get a second opinion. Anthony, you know what you and I are going to start doing? We're going to do dinner seminars and we're going to call it. Here's our seminar on why you should not attend a seminar. Yeah, so we're going to go counter to what you're seeing out there. Anyway, I want to get to some of my funny articles. Here's one from MSN.com and this is on the 3rd of April, Doge uncovers Veteran Administration's agreement to pay 380,000 per month for minor website modifications. So that piqued my interest. I read a little bit about it and then, and then I have a loyal listener friend of ours named Jason who sent me a text and it sums up the entire article a little bit easier. So I'll just read the post that Jason sent us. Says here insane Elon Musk's Doge found an employee at the va. I'm sorry, I said administration. Says here the Veteran affairs veterans. Are you having affairs? Says here the job was paying $8,700 an hour. You want me to read that again? A lot of veterans and I'm one of them. You know, if You're a sergeant, or if you're a lieutenant or a captain or a major or whatever, you're not the highest paid employee out there. You're not a huge income earner in general, veterans. But anyway, the people that oversee you, some of them are. So this job was paying 8,700 an hour. The job only requires 10 hours per week. Are you with me so far? Doge found that there was a software engineer who was paid to do light modifications on the website, which takes about 10 hours per week. And they were paying him 380,000 per month to do that, which comes out to roughly 4.5 million million with an M per year. And if you break that down into 10 hours a week, it's roughly $8,700 an hour. That's not okay. And I'm still reading. That's not my opinion. I think it's wonderful. It's good work if you can get it. That's not okay. That's my tax dollars. That's your tax dollars being paid to someone to do very light modifications to a website. 10 hours a expletive a week. So sooner or later, people in general in the country wake up, get angry, stop being angry that Doge is uncovering stuff that's been going on for decades. It doesn't matter who's the president. The fraud, waste and abuse is a problem, and we're finally maybe going to nip it in the budget. You know, I still say if we stop spending like drunken sailors. Sorry, I almost made offense to drunken sailors. If we stop spending recklessly and we start uncovering the baloney and we get rid of it and the tariffs work, maybe you, too, Sam and Anthony particularly, have a chance at a future where you actually get to retire one day and you get Medicare, Medicaid, Social Security, maybe you'll have a chance. I don't know. We'll see. Let's go into the private sector. Speaking of veterans and veteran type stuff, and maybe now is a good time to bring something up I haven't done in a while. And the only one I know who doesn't like to see commercials from the Wounded Warrior Project. Hear me out. I think, and I'm going to summarize it, because usually I go a little deeper on my thoughts on it. Today I'll just give you the glance of it. I don't like it. And oh, how can you? These people lost a leg with an ied. These people need help. You know why I don't like it? Stuff like what I just read. If you're paying somebody 8,700 bucks an hour. You got enough money to where we don't need to see another commercial for the Wounded Warrior Project. If you come back missing an arm or a leg and somebody has to raise $19 a month, they'll get a free blanket or a quilt or a T shirt for doing so. If we have to pass the hat or a do a GoFundMe because you got hurt overseas with Shameful, that's shameful. We have billions with a B of money to give to Ukraine over the last year or two, and yet I have to see a commercial that wants me to donate money to the Wounded Warrior Project. No, this is, and believe me, I am not slamming anybody that served. I did it. I understand it, and I didn't lose anything. And I still know that you make some sacrifices, your relationships, certain things in your life change if you ever go into the military and you wind up staying your full term and get out. So anyway, let's. Oh wow, I am on one today. I even think I'm being a little extreme today. Linda, if you're listening, I might have a stroke. You can send flowers in care of Anthony. Here's a. Here's an article for you. This is out of the San Antonio express news on 4th April. USA outgoing CEO and top executives get boosts in pay amid higher rates I'll just read a little bit of this because some of it will be like, duh. Former President and CEO Wayne Peacock is. He's probably a listener. Wayne, how you doing? And other top executives at USAA saw their compensation rise in 2024, according to information provided to the Nebraska Department of Insurance. Former President and CEO Wayne Peacock and other top execs at USA saw their compensation rise in 2024, according to information provided to the man. They wrote that twice. I just caught that. They wrote the same line twice. That's a snag. San Antonio Express in your writing here, USAA paid newly departed CEO and president wayne Peacock nearly $10 million in 2024, a year which families struggled to afford skyrocketing premiums for auto and homeowners insurance. Peacock collected 9.6 million in salary and bonuses from five USAA insurance companies last year, up 18.4% from 2023 and almost doubled from 2022, according to figures reported to the Nebraska Department of Insurance. During Peacock's tenure at the helm, his pay from USAA's insurance division rose 412% from about 1.9 million in 2020. 2020. Not that long ago like 5 years ish to 9.6 million last year. So think about that for a second. If you spend any time whatsoever this past year or two talking about fires and floods and how insurance is going up and it sucks because the middle class is getting hurt, just remember some people are not getting hurt. Says here it remains to be seen what Peacock's golden parachute will be. In other words, they're saying this is just to do with his pay. He's still going to get an exit program. Pay bumps USAA does not disclose total compensation for its executives because it is a private company. However, Nebraska requires insurers who do business in the state to report their pay. The numbers may not fully reflect executives compensation because some may receive pay from USAA's non insurance operations that are not disclosed. For example, I personally have a little bit of money in USAA bank. So the bank isn't the insurance company. So maybe some of my money's going to Peacock. While USAA said there's no connection between the rate hikes and compensation premiums represent insurance company's primary source of revenue. Did you catch that one while you. I'm going to read it again for effect because right here this is important. Important. While USAA said there's no connection between rate hikes and compensation premiums represent the insurance company's primary source of revenue. Do you want me to go back to what I read a sentence a few minutes ago that his compensation rose 412% from 2020 to this past year. So that's a boy. That's a heck of a coincidence. That's great. Is there anything else I need to read here? It goes without saying, you know, when I was crude when I was younger and I used to say don't pee on my leg and tell me it's raining. I think that's what I just read was a little bit of pee there. Little not not raining on us. Let's, let's move on. I know we only have a few more minutes so I'll try to get to the better articles that are more important and timely for you. Here's one from the Daily Hodl on the 4th of April, thousands of Americans personal information exposed by banking giant Capital One alleges new class action lawsuit. What's in your wallet? Apparently fraud, corruption and negligence. So a massive, massive I I find this stuff for you because if you're not hearing this, you should be. It's interesting especially if you have Capital One. And isn't Capital One in the process of trying to buy Discover right now I, I heard that Capital One is trying to take over Discover so you know, welcome to it. A massive data breach exposed thousands of Capital One customers sensitive data put in them at lifelong. This one was different than I usually read Lifelong risk of identity theft. A new class action claims filed by plaintiff Andrew Willoughby. The suit alleges Capital One Financial Corporation, Capital One NA and Capital One Bank USANA entities exposed its customers personal identifiable information due to an employee's negligence. The suit alleges that because of inadequately protected computer systems, customers. Wait to hear this. Names, Social Security numbers, addresses, email addresses, dates of birth, telephone numbers, credit card numbers, transaction history and other financial information was exposed via data breach. The breach happened between August 11th, 2022 and May 22nd of 2023. So 22 and 23 is when this happened and I'm just finding it now when an unauthorized actor accessed client personal information due to the employee's failure to maintain adequate security system. I wonder if this employee is working over now at a TD bank where they just got fined billions. So last thing I'll read here because I think this is pretty self explanatory. If what's in your wallet right now is a Capital One card, watch your back. Let's see, says here the suit alleges that for the rest of their lives Capital One customers will have to face the threat of identity thieves possessing or misusing their personal information via the Dark web. Apparently this stuff got way out there before they, they said to people that it happened. That's kind of shameful there Capital One. So if you're listening, shame on you. One thing about that, you know how they always give you, they give you a year or 18 months of, you know, ID theft monitoring capital One, you got deep pockets. Are you going to give lifelong monitoring to me? Can I drop my other. It's just, it's so aggravating to me. [00:52:48] Speaker C: Nope. It's your fault they lost all your information. [00:52:51] Speaker D: Correct. It's your fault. It's always your fault. So the other articles, I guess I'm going to save these for next week because they don't expire one of them here from the Daily Hurdle on the 1st of April, JP Morgan Chase, bank of America, Capital One, TD Bank, First Republic, all accused of abruptly terminating bank accounts during an alleged law for assault on Donald Trump. Apparently we're politically racially profiling again at the big bank. So there's that. If they didn't steal all your information, maybe they'll drop your account because you voted a certain way or because you. [00:53:21] Speaker C: Maybe they do it as a favor, they drop your account and then they can't lose all your information. [00:53:25] Speaker D: Yeah. [00:53:25] Speaker C: But anyways, today's show if you like what you heard, you have questions about any of the topics today or you want to sit down with us, review your personal financial situation, you can reach us at team another money show.com find us on the web another money show.com there's a contact button. There's our phone numbers listed on there. You can schedule appointments. Our calendar is listed on the website. It's pretty beautiful. You can listen to old shows on the website. So check out another money show.com give us a call. 623523044 that number again is 623-523-0444. There are no minimums to sit with us. There's no cost for appointments. Nothing to lose by getting a second opinion on your financial situation. We'll see again next Saturday at 5am and noon right here on 960. The future. [00:54:21] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation visit anothermoneyshow.com investment advisory services offer through Brookstone Capital Management LLC. BCM. A registered investment advisor, BCM and Rochford Financial are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Investments involve risk and unlike otherwise stated are not guaranteed. Past performance cannot be used as an indicator to determine future results. At Rochford and Associates we know the road to financial freedom is not a straight path and the journey is different for every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals. [00:55:17] Speaker D: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets with a smart plan. [00:55:25] Speaker B: Our team can help you make the most of your hard earned savings using strategies that are right for you. [00:55:31] Speaker D: I want more people to sit down with us when we talk about a financial plan. It's different for every person we meet. We tailor make our plans. [00:55:39] Speaker B: Schedule your no Obligation Consultants station today by calling 623-523-0444. That's 623-52-3044. Rochford & Associates Veteran, owned and proud to serve Americans like.