Haven Financial Group Radio - 5/28/23

This is the Haven Financial Group radio show. Each week we get together to talk about life, living and planning on living life after retirement. If you're looking for a clearer picture of your retirement plan, the team at Haven Financial Group is here to offer you clear financial guidance and help you realize that planning

for retirement can be simple and easy. Have a question for the team connect now at Haven Financial Group dot com, or we have team members waiting to talk with you off the air at six one two four four one two four four one. Yeah, we do. We talk about that every week. There are actually live people up at this hour waiting to talk with you, because that's how they do things in Haven Financial Group. Good morning, thank you so much for listening. I am bill Seller along with Haven Financial Groups

Founder and CEO Larry Calvig. And you know, in this world of AI and robots and people being replaced by machines, not at Haven, Buddy, you are people people. Yeah, good morning. No, we believe in a live voice, live voice, and there's somebody there right now. If you hear something on the show this morning, or you've had questions you want to ask about your retirement, well then today's to day and that's the number six one two four four one two four four one. Is we get rolling

along here today? We got a lot to talk about as usual, Larry, I'm going to ask the question because every time I'm hearing commercials everywhere now for gold, right, seems to happen when inflation rolls around, right, So the question is which would you rather have gold or stocks? And apparently more investors are leaning to gold right now. We're going to talk about that coming up. Also, inflation has been knocked out of the top spot of

what Americans are most concerned about. Right now, we're going to find out what the number one thing is facing up to new TSA technology could make traveling a little different and you're not going to believe who's the sports illustrated model. We'll talk about that a little bit later, oh Man. Speaking of things you can't believe, NASA has this thing Larry called the Deep Space Food Challenge, and one competitor has this idea to convert the carbon dioxide in astronauts breath

to alcohol, which is then used to grow food in space. What in the world where did they get this creativity? I don't know, I have none of it. Did they come up with these great ideas or maybe not so good. We'll find out. I guess yeah, and listen. If you need breath like alcohol, come to my house on a Friday night. I got you covered. We don't have to don't have to go to all

that trouble. But I thought that was pretty crazy. The Space Agency has several companies perfecting ways to grow food that could be used in long term space missions and apparently could be fertilized by astronauts breath turned into alcohol. I thought that was kind of interesting. Yeah, very so. But onto the reason we are here today to talk about retirement, and most of us, as far as that goes, are are from having a net worth of a billion

dollars or more. But it is interesting to see how those who do are investing. Barons recently did a check on a Goldman Sack survey of their wealthiest families. It was conducted earlier this year and found that forty four percent of their holdings are in alternatives like gold and things like that that we mentioned at the top of the show, Larry, what does that tell you of the people who have saved that much money and what they're doing with their investments.

Well, First of all, you said one billion. I mean, these folks are in the league of their own, their own class. It's yes, we are. It's not the norm for what we see on a weekly basis, but you know, it is interesting. First of all, you know, alternative investments is a financial asset really that does not fit into the conventional equity, income, and cash categories. So you know, when we refer to alternative, we think of, you know, a private equity,

venture capital. You know, you could put crypto and collectibles and coins and hedge funds and real property and all these various commodities, which, hey, it's okay to have some of this stuff in your portfolio as long as it fits what you're what you're trying to accomplish. Now, you know, most of these alternative investments have fewer regulations from the SEC. And the one thing I'd point out is they tend to be more illiquid, which may or may

not be a good idea for somebody that's getting close or in retirement. You know, I recall back in oh seven oh nine and when when the market crashed, folks that I helped, they had reets, real estate investment trust and by nature, there's nothing wrong with them, except when people needed money and they were in reets and real estate market crashed, they couldn't access their money even though it was their money. So the illiquidity is a problem.

Um. You know, it's just it's good to have some of this stuff in your portfolio. But when you have billions of dollars, you know, artwork might be you know, expensive, artwork might be just a little bit closer to home than somebody that has a million dollars prepared for retirement. It might mean not good, but it just needs to match what your plan is and fit into your budget because some of this stuff can get really expensive.

Yeah, I thought that was kind of interesting, and I guess you're right. When you got a billion dollars, you've got money to play with, right, and try some of that other stuff as opposed to the traditional ways of investing that most of us have to go through, right, Right, must be nice to be up there in that stratosphere. I mean, because let's face it, most of us, those that we sit down with,

you know, they've they've been savers. You know, they've worked hard, they have ex amount and retirement assets so much in the bank, and you know, most people in retirement are on a fixed income. You know, they don't have the free wherewithal to just go drop millions and millions and millions and not think of it. They're on a fixed budget and just isn't the norm. It's interesting because it's a lot of money, but it's not what

we see in a weekly basis. Yeah, yeah, and listen, if you're one of those folks that has a billion dollars or not, go ahead and make your plan to get your complimentary retirement readiness review with the Haven Financial Group to the good folks that Haven will sit down with you, take a look at your existing retirement plan and let you know if it really is working for you the best way possible, because, as Larry always says, man,

you've worked your whole life putting money away, getting ready for the golden years, and now you want to enjoy those years. Right. But if the money that you've saved for you know, is being siphoned out because of too many taxes and other things that you're not even aware of, like fees for people handling your money, well this might be the time to get that complimentary retirement readiness review and let Larry and his team take a look at it

for you. Set up your appointment right now by calling the number we gave you the top of the show six one two four four one two four four one six one two four four one twenty four forty one. That's how you get in touch with Haven Financial Grouping. Just get on the calendar. Look, it doesn't have to be a long call this morning. I know you're getting your day started. Not something you really want to elve into on a Sunday morning, or if you do, the folks that answer will be happy

to do that as well. But at least get your appointment set up six two four four one twenty four to forty one for your complimentary retirement. Writing this review, and I saw this next story and I thought, well, this just shows you how the world's a little bit different, right. We had financial troubles a couple of years ago with the pandemic and all that hit. Everybody made a run on toilet paper and paper towels. In England,

there's been a run on instant soup. The country's chief economist apparently started the whole thing by telling Brits that they should accept that they are worse off now than they have been in a long time, because inflation is over ten percent. And apparently once he gave that speech, Larry, that started the instant

soup parting. I mean, there's so much in this story. The way the guy approached all this probably not your best way to handle the public, right, No, no, just the wrong words can be spun a whole different direction and cause chaos like the soup and all the various things. And you mentioned it, you know, just this week I reflected back on the pandemic and when there was no toilet paper on the on the shelves and baby formula was out, and man, we went through some serious times, didn't

we. I mean it's crazy, but you know, you know, plan for the worst and hope for them, hope and pray for the best. You know, plan accordingly as it goes with your situation. You know,

there's a lot of psychology that goes into money and investments. You know, when the markets get a little jittery, and we got you know, the Russian Ukraine war and all the China's relations and all the you know, fear monitoring that goes on, it's easy to you know, become anxious and show despair and that can lead to when it comes to money, knee jerk reactions

that can deviate people from the plan, assuming they have one. So, you know, much of what we do and the investment team, we really counsel to say, hey, here's what we come up with, here's the plan that we came up with before, we're gonna stick to it because you know, we've already talked about this stuff, We've already actored it in.

Because you know, if you get out of the market now when you're gonna get back in, that's you know, one thing is getting out at the right time, but then getting back in at the right time, and that's timing market is virtually impossible. So you know, there's a lot of a lot of stuff that goes on out there, and you know, of all things, soup, I mean, that's pretty incredible. They actually saw a growth of over twenty percent and like a six month period for their soup.

Wow. Yeah, you're talking about timing the market. A long time ago, I had somebody tell me once the important thing is time in the market, not timing the market accurate. And that's so tough to do, especially when you have to do it twice and get it right. So, because we have slides in our classes that show if you just miss one or a couple of days in the market, you know, and they happen to be the best days. I mean, your returns can go way down. And

again, time in is way more important than time out. So it's you know, it's pretty interesting. Yeah it is. And like I said, I mean, who knows enough to know how to time it properly both ways? Right? Like you always say, there's no crystal wall, so no, and you know, things move so fast with technology these days. You know, by the time it happens on Wall Street, it's already happened. By the time you know, there's no way to react as a common folk

because it's already happened. So we're already lagging behind to some degree. Yeah, yeah, we're already a step behind. So again, Larry and his team can help you with all of this kind of stuff, right, the things that affect our money in a retirement that we have no control over, but the things that you do have control over. That's another great reason to

set up your appointment with the folks that have in financial group. Their number again is six one two four four one two four four one six one two four four one twenty four forty one. You'll go in, you'll have one of the best cups of coffee you're gonna find in the city, a nice cookie, and you're gonna sit down and talk with folks who who don't just want to handle your money, they want to build a relationship with you.

And if you're end up working with people that you can trust in the law, run check out Haven Financial Group six one two four four one two four one. Hey on the way here, we're going to talk about investing in gold versus stocks and why one investment strategist is saying to buy bonds. And the carmaker that is celebrating a banner year, we'll talk about that as well.

It's coming up on the Haven Financial Group Radio show here on Twin Cities News Talk eleven thirty and one on three point five fl Investing the state planning taxes and more. Want your complimentary retirement readiness review, call now at six one two four four one two four four one. That's six one two four four one two four four one, or connect with us at Haven Financial Group

dot com. This is the Haven Financial Group Radio Show. Money Chimney, Welcome back to the Haven Financial Group radio show with Haven Financial Group's founder and CEO, Larry Klavig. I am bill Seller. We appreciate you being with us this morning. And um boy, this next story, this is one of those things that it started to kind of hurt for me. I think you and I've talked about this before, Larry, but how digital payment methods are now asking you for a gratuity right a lot of times right in front

of the people that are waiting for the tip right right. Uh. You know this includes fast food drive throughs, to go registers, bakery counters. Look here, here's my theory, with all due respect to those who work in that industry. Right, if I had to walk into your place order the food and you hand it it to me, not a tip, It's not you know, you just leaned over the counter behind you to give me the food over the counter in front of you. I'm sorry, but it

just doesn't That doesn't sit well with me. And now that it's even showing up at self checkout registers, if you believe that, as long as it seems, how did all this start? By the way, somebody just said, hey, you know what, we'll just add the tip there and see what they say, you know the option for the tip. I guess people feel guilty if they're seeing it right in front of whoever's been handing them food

over the counter. I don't know, but it's working. Yeah, self, checkout machines at cafes, sports places, as airports, even grocery stores are now asking for tips. Not real clear exactly where the money's going or even what that tipping is for. But again, I'm checking myself out. Who am I tipping? Come on, man, this is insanity. As a matter of fact, in the fourth quarter of last year, tips received

at full service restaurants were up sixteen and a half percent. Now that I don't mind if you're waiting on me going back and forth getting my food, serving me at a table. Fine, you've earned it self. Checkout. Please, you gotta pay me an employees salary. I'm doing the work exactly. Oh man. So we talked at the top of the show about gold and investing and all that stuff, and when comparing gold to stocks, question

always is which is stronger in the long run. Well, a recent gallipole shows that the share of Americans who believe that gold is their best long term investment has almost doubled this year, and do you think that's because of the panic over inflation? And how does gold compare to stocks? Larry, Well, that has a lot to do with inflation. But you know, the stock market and gold prices, they really have an inverse relationship, meaning they

tend to move in opposite directions usually. However, this you know, this relationship is it's not always consistent, but it usually is and it maybe it can vary depending on market conditions. But you know, in the stock market is more volatile in the short term, while gold performs better better in the short term. So you know what gold can provide stability and diversified portfolio.

It absolutely can when inflation's high. You know what, it's kind of a security blanket or I call it maybe a comfort food, you know, to go out and buy gold. And of course then you see more advertisements on TV than ever for gold, so you know people know this, and you know there's costs to buy gold, and you know, at the end of the day, you know, well many investors seek out gold and silver in

the physical form, you know, like bullion or coins. You know, a better option might be to invest in something like you know, mining stocks or gold, ETFs. They can be part of a portfolio and you know, perhaps you can avoid some of the headaches that come with you with you know, storing gold or physical you know, minerals, you know, and selling physical gold and silver, which can be interesting in itself too. So you know, having some gold in the portfolio or a balanced portfolio, stocks,

bonds, etc. Um. Yeah, all for it, but you will see this as more of a hot button, if you will, especially when inflation is so high, which it's been. Yeah, and I always wondering who decided old was valuable. You know, that's a great question. It comes out of the ground, like like other stuff, right, other

ores, and somebody decided that gold was valuable. I guess My question is if you do all this investing in the world collapses in a certain point, that can somebody just go, well, that's not worth anything anymore, you know you're stuck with it, or or you know it's a valid point. You know, stocks are better wealth wealth generators over long time, long term horizons, no doubt about it. But in the short term, the gold,

it's stability. It's really about stability, and there's you know, if you ask ten different financial folks, you have ten different opinions, but you know, it comes down to a balanced, efficient, diversified portfolio. And the problem lies in that most people just don't know. You know, on a weekly basis, we sit down with folks and you know, maybe middle sixties or whatever they're adding, they say, well, we're more financially conservative

now and our investing because we're getting close to retirement. In retirement, and you know, I think of John and Nancy from Savage just this past week. They said exactly the same thing as I just mentioned. However, their portfolio was the polar opposite of what they thought they were doing. Now that's a recipe for a problem, a problem in retirement that one does not want

to have. So, you know, if I could encourage folks to have an awareness and understanding of what they're doing, and whoever you're working with should spend time with you, they should answer questions. As I mentioned over and over again, it should be more retirements, more than a forty five minute to an hour meeting once a year. It just is there's there's so many

puzzle pieces, as we talk about now in retirement that deserve attention. And if somebody's not giving you the attention and the time, and they're trying to rush you through things. Perhaps get a second or third opinion at least that's what I would do, because that's not the attention you deserve. Yeah, like I've said before, you know a lot of us think we have a really good retirement plan because we put it together and we have a plan in

our head. But you take it to people who know, like the folks that have in financial group, and you find out, well, maybe not so much. I'm sure you get folks who walk through your door every day going, I got this covery, just wanted you to look at it for me, And you're like, well, no, this doesn't work and that doesn't work right. Yeah, well we have you know, we have folks that come in that just openly know that they do not have a plan.

They're concerned about it, they've put it off life. Maybe dealt them some blows that they didn't ask for, and you know, they know, they know they need to do something. And then other folks that are overconfident for whatever reason, and then they find out when we sit down, not because we're trying to create a problem, We're just there to to identify is there a potential problem. Are there some voids in the plan And oftentimes people will

say, you know what, nobody's even ever asked me that question. You know, we ask lots of questions and take detailed notes in all the various areas because oftentimes things get overlooked or omitted and they can be major factors in retirement. So we wanted we want details, We want details so we don't miss anything. Six one two four four one two four four one. That's

how you get in touch with the Haven Financial Group. Larry and his team waiting to talk with you right now, and I get you set up for your complimentary retirement readiness review to go over all these things, all these puzzle pieces that Larry is talking about six one two four four one twenty forty one. Another thing everybody sees me talking about Larry is the debt ceiling crisis and the resulting political dynamics surrounding that. One investment strategist is recommending the safe play.

We do think that we you know, this is a good time to embrace bond. It makes us light fixed income even more. That is Emily Rowland with John Hancock on CNBC. Do you do you agree with that? Assessment about bonds. Larry, Well, again, it comes down to looking at all your options. Here's what I do know. You know, last year the market was really rough. There's a lot going on. Stocks were down twenty plus percent, bonds were at fifty year low's. Last year improved

a little bit. This improved a little bit this year. But look at all your options. You know, we talk about good liquidity. Has a lot of money rolled in and out of fixed income or I bonds or some of those things that are safer, especially in these volatile times, there's no doubt about it. But how much liquid dollars do you have? And what's the benchmark for retirement? You know, we go through that with folks, And how much money do you have at risk in the market, and what

is the make of is it a fifty fifty portfolio? Have you tapped into the various sectors in your portfolio? Is there something missing? And then the middle column, which is principal protection type investments. You know, looking at that and you know, having a balanced approach. But I see folks all the time have not nearly enough liquid dollars and everything at risk in the market. And now we're back to a recipe that can be a major major problem.

You know, look at all types account fixed counts. You know, the Feds raised rates now but ten times and they possibly could again. So I hope you're getting some better returns on those CDs money market accounts. It's not one glove fits all, but they should be paying you something now because rates have improved, so we need good liquidity. And then it comes down to answering these questions as far as risk. What's your willingness for risk,

what's your need for risk? And what's your ability to take risk? And how you answer those should really help dictate what your portfolio should look like. You know, we're all wired differently. You know, I have a gentleman and Egan. He's got MSS, he's a sharp dresser, he's been with me for years. And the reality is, he goes, Larry, why would I have any money at risk in the market. He goes, I don't need to? Well, who am I? Who are we to tell

him that he should? Because he doesn't need to and he sleeps well at night. So there you go, and that is one of the major goals for retirement, right is being able to sleep well at night? Right again, having that plan is so important, and that's what the folks should Haven Financial Group do. Six one two four four one twenty four to forty one the number again to get in touch with them. We're gonna have to take a quick break here, but when we come back, when we might expect

the FED to drop interest rates hopefully soon. Also, what is your number one economic worry Radio? We're gonna have the results of a new poll and the carmaker pulling in a record profits that's on the way. It's all part of the Haven Financial Group Radio Show here on Twin Cities News Talk eleven thirty and one h three point five feet every day, have you had your three R check up? Your complimentary retirement readiness review is just a phone call away.

Our team is waiting to talk with you off the air right now six one two four four one two four four one. That's six one two four four one two four four one or online at Haven Financial Group dot com. Yeah, this is the Haven Financial Group Radio Show. I am Bill Seller along with Haven Financial Group's founder and CEO Larry Calvig. Oh what a classic

song. Classic song of course, everybody remembers the scene and ghost right when Patrick Swayze and Demi Moore making a claypot, but she doesn't know he's there because he's a ghost. I never saw that Digitlary. I didn't. Yeah, I didn't think so I could tell by the silence on the other interview. You know, I saw an article recently where Michael J. Fox turned down that lead role. He told Variety Magazine he just didn't see how the

concept of the movie could work. Well, apparently it worked over five hundred million dollars at the box office. That's how it worked. I'd say it worked. You know. Michael J. Fox wasn't alone. Also turning down that role was Harrison Ford Paul Hogan, who a lot of people don't know the name, but you will know he is crocodile Dundee boy. That's one of those things you look back on and go, wow, I overguessed myself a little bit. Before the break, we mentioned the FED and the rates

Are they going up? Are they going down? Well? The Federal Reserve president in Atlanta says that he's seeing what he calls an orderly decline in inflation. His name is Raphael Boshtick, and he told CNBC that another rate hike is possible. Though as far as rate cuts go, my baseline case is we won't really be thinking about cutting till well in the twenty twenty four. Are you surprised by that, Larry, Not really, not really. We

still have very very high levels of inflation. You know, we're two times our target. Yes, we've seen progress. I'll I'll give him that we've seen progress, but yeah, I think it's I agree with him. It's going to take time, and unfortunately, much more time than we really really want because inflation has been persistent, consumers have been resilient. Yes, we

need to loosen the employment rate. It's there's just a lot of variables and there's a lot of factors that I just don't see how they They're not going to be cured overnight, and I do agree with them, it's going to take time. The numbers just starn't going the way that I think they're supposed to be going. And it's a really really fine line because you don't want

to push it into a recession. Again. We've talked about that because we've we've been in a recession, but a worse recession, or they talk about a hard landing or a soft landing, it's you know, it's it's a difficult position to be in and at the end of the day, we need to get there. But I think people are gonna have to be extremely patient, which I lack. Just ask my wife. But I think that's the kind of the plan. I think that's the roadmap we're going to be in.

Yeah, it's it's quite a balancing act really, right though it is not overdoing it, but not doing it could hurt us as well. So, and you have lots of differences of opinion depending upon which side of the aisle you're on and all that stuff, So again, trying to get all of them on the same page. That that's well, nobody really has the answers. Really, that's where it goes. That's the thing nobody knows, and nobody wants to work together to try to find out that's the right thing.

So well, listen, speaking of inflation and the FED rate and all that stuff, Inflation apparently is no longer our top worry, at least according to a new survey Our financial correspondent Drew Nelson tells us what is new At the top of that list, the possibility of a recession has seventy one percent of us holding some savings. According to the Country Financial Report, first reported

by CNBC, the first thing we're cutting back on is food. About half of us are dining out less four and ten have changed how we shop for groceries. Looking at middle income households, now one in four lists their top concern is paying for groceries, according to a study by the insurance firm Primerica, and in the same survey, inflation is no longer the top concern. It ranks three points below healthcare top of mind in thirty five percent of households.

Just what we've been talking about, right, I mean, folks are really to feel it at the grocery store area. And I don't know about those folks cutting back on going out to eat. Every time I pass a restaurant, there's no room in the parking lot. That's the same restaurants I'm going to. It's like what I can't even get in. It's like really, yeah, yeah, Just a couple of notes from that story. Though, we're back in savings mode and more people appear worried about healthcare as well.

But do you see the folks that you sit down with and your clients, are they really having to worry about all this stuff or has having that plan help them get through these bumpy roads that we're on right now. Well, having a plan certainly helps, there's no doubt about it. But healthcare is a major expense in retirement and it's we have lots of conversations. It's why we teach Medicare classes, It's why we help people bridge the gap for

healthcare. You know, if they're not to Medicare age yet, a lot of people stay in the workforce. We see it on a weekly basis. I'm like, why are you still working for the healthcare at least one of them if you're a married couple, so the spouse could be on their health here. So you know a lot of people stay in the workforce because of

the healthcare piece. And you know some interesting statistics that forty three percent of Americans said they couldn't cover medical costs exceeding two hundred and forty nine dollars study that looked up last year. Well fifty four percent said they would delay payment on an unaffordable bill. Those are big percentages. Another one forty two percent Americans said they didn't have an emergency fund because of inflation. People have tapped

into their savings accounts. And because of all the stuff that we've gone through, and you know, just this week I saw consumer credit card debt hit an all time high. Again. It's why we walk people through our process and talk through these things, all these retirement puzzle pieces, you know, having a savings account, having your medicare and your healthcare. You know,

and you really should shop that out every year. By the way, folks that they kind of just cling to what they have and they never look at anything else. And I'm not saying and you should change, but when you shop out medicare every single year, you might be pleasantly surprised on how you could save money. I just read a study that Americans individuals spend up to seven hundred dollars a year more than they need to because they never shop out

their healthcare. And Glenn hit in our office, we have access to all of them, so we have a non biased approach. And I would encourage folks, let somebody help you. You're not gonna pay any more or any less by trying to do it on your own and figuring it out, and healthcare can be extremely confusing. Just when you figure it out, then they're going to change the rules. There's some major Medicare changes coming down the pipe

right now. Just last week, I had a retired nurse from Bloomington, Tracy, who's not in this phase of Medicare, and she's like, how did the common people figure this healthcare thing out? It's so confusing, and it is. Let somebody help you. You're not gonna pay any more or less. Shop it out every year. It's why we're big into the education process so people can have as good of an understanding as they possibly can.

And Larry is not just talking about educating you during their meetings. They actually hold classes on this stuff. And if you want to find out where they are and when they're happening, and make your plans to go early because they fill up quickly. You can find all those online at Haven Financial Group dot com. But they're wonderful classes, very educational. Folks get a lot out of them. So again, check them out at Haven Financial Group dot com.

And you're right about the healthcare thing, man, that is a It's funny. It's one of those things that we don't think about heading to retirement, but then the older we get, we realize, oh, that is important. Because things are starting to hurt that didn't hurt before and not having that cash around to to pay some of those bills. Larry, I heard you in the last segment talking about having enough liquidity. Now when you say

that, does that mean liquidity extual liquid money in your bank? Are you talking about having an X amount of dollars you know, in a box at home to cover bills and things? What are you talking about when you say, certainly, I'm not going to encourage or discourage having a box of cash at home. Just remember where you put it. But the reality is liquidity in the bank, easy tangible money you can get your hand get your hands

on, or as some would say, an emergency fund. You know, I read the thirty eight percent in the survey on healthcare said they are a family member had to delay medical care last year and that's sad And the real reason is they can't afford to pay for it, or they don't have healthcare insurance. That we come across folks that for whatever reason, maybe there's a timeline where they got left go or something, they have no health insurance.

You know, that's a scary thing too. So again, liquidity that we're referring to is money that you can get your hands on a certain amount of benchmark that we use x amount of dollars. And the problem is most people don't have enough liquid money going into retirement and they have way too much money at risk. Balance and efficiency so important again, if you're not sure how much liquidity is enough, that's another great reason to set up a meeting with

Haven Financial Group. Give him a call six one two, four four one twenty four forty one all part of that complimentary retirement readiness review. Hey, after the break, we're going to talk about the secret behind Bentley's record breaking year, and some weird face to face technology through TSA is on the way and you're never going to guess the next SI swimsuit model cover. Oh can't

wait to tell you about that. It's coming up on the Haven Financial Group Radio Show here on Twin Cities new Stalk eleven thirty and one h three point five ft. Just this is the Haven Financial Group Radio Show. If you're looking for a clearer picture of your retirement plan, the team at Haven Financial Group is here to offer you clear financial guidance. Connect now at Haven Financial Group dot com or we have team members waiting to talk with you off the

air at six one two four four one two four four one. Welcome back to the Haven Financial Group Radio show along with Haven Financial Groups Founder and CEO Larry Calvig. I am bill seller. If I gave you a hundred guesses to say, do you know who the latest cover model is for Sports Illustrated Swimsuit issue? Larry, I bet people couldn't guess in a hundred guesses. I bet they couldn't. Now you know the answer because we're reading the same

story here. But can Eighty one year old Martha Stewart has been chosen as the cover model for Sports Illustrate his new swimsuit issue. Yeah. I saw in the news this week and I I did a double take. I'm like what she wanted to show people that a woman her age could still look good, feel good and be good. And yeah, she will be the oldest person to appear on the magazine swimsuit issue ever. And in case you're wondering, the second oldest person was seventy four year old May Musk back in two

thousand and three. I don't think that's Elon's momb, is it. I don't know if looked at actually know it. That's right, I should have read the whole story here. I did not know that. Yeah, so you got Elon's mother and Martha Stewart, the two oldest ladies to ever be sports illustrated. Long cry from the Christy Brinkley days right back in my day. Oh man. So, somehow, during everything that's going on in the world, with everybody's economy kind of faltering at some point or another, the

luxury car market doesn't seem to be suffering under any of this. Bentley report that twenty twenty two was its best year financially ever. Ever, so how about this year. The order intake rate in the US is like most of our markets at the moment, it's really strong. We can see some changes in the marketplace, but more on the secondary level, residual values instead of being crazy and above retail like there were, then normalizing. But the demand

is really strong still. That's Bentley's CEO. He was interviewed on Power Lunch, says that their profit comes from the customization of these cars. Buyers are spending more to get custom colors, custom seeds, custom everything. There are some sectors that tend to do well despite economic volatility. But would you have thought that luxury cars would be wonderful, Mary, No, not at all. In fact, what would their profits are up? Yes, it's crazy,

I mean that is crazy. Who's buying all these things? I don't know. Man, all these folks that are I guess are driving them to dinner to fill up all those restaurants. So we can't get into Yeah's it seems like quite a bit here, that durability of luxury goods and services. Do you think that's a good investment? Does that tell us that maybe those

are places we should be putting our money. I'd be very careful. That could be a slippery slope because you know, there's different schools of thought here. You know, you get what you pay for. Yeah, I kind of believe that, but you know, really, how does it fit into your budget? I mean does your budget? Can your budget really afford a customize Bentley? If it can, more power to you. You've got a great plan perhaps. So you know, here's what I know that you live

within your means. It's a comedy nominator that we see with folks on a regular basis. They've done a good job, they've saved, they've lived within their means they haven't foolishly spent money. You know, is it okay to collect watches or you know, art or commodities? And you know, of course it is if it's within your budget. Problem is, sometimes people stray away from their budget and all of a sudden, now they run into problems. So because things go up and they go down, urble goods does too.

They go up and they go down. It's the element of time becomes that much more important. Where are you in life, okay when they go down? Are you just entering retirements or have you created a budget and a plan that is consistent and balanced to endure the good times and the bad times? Because over time and your retirement could be ten twenty thirty plus years,

there's a lot that's going to happen in those ten to thirty years. So we when we map out a plan, we're factoring these things in, like good returns on your investments, high low inflation, all of these things. Because history has a way of repeating itself. Yes, there's changes, but we want to factor all these things in, modify them as time goes on, and make adjustments as we get older. But again, I'm not going to discourage anybody from going out and getting durable goods. But make sure it

fits into the grand scheme of things for retirement always. I mean, that's the bottom line is to have that plan and how do you know if it fits into your scheme? Well do you get help. That's what the folks that have in financial group do And that's why I encourage you when we get together every week, to call these folks and just set up that complimentary retirement. Reading this review, and by complimentary, we're not blowing smoke here. You go in, you sit down with Larry and his team, let them

take a look at the plan you have, and something will happen. Right One, you'll walk out feeling great because they're going to say, you know what, everything looks great, you're on the right track. Or two they're going to say, well this this isn't right and you need to tweak that and we can help you with it. But you're not obligated to, right, I mean, that's the beauty of it all. They're they just want to talk to you and you're not obligated to work with Larry and his team.

No, there's no commitment, there's no obligation. Is there any secret that we're looking to cultivate long term relationships and get to know you, get to know what your goals and your objectives. Yeah, that's part of our discovery process and we're gonna take our time doing it. You know, we're not to always say we're not the perfect fit for everybody, but we do have a sweet spot. You know, we see lots of folks, we

see lots of circumstances, We develop a strategy and recommendation. If one chooses too, then we do the implementation, and then over time, as life happens, and I always say life's calendar doesn't always cooperate with our calendar. You know, we need to monitor and make adjustments. So again it's a

work in progress for all of us. You know, last week we had several callers last week that we helped tie it all together, and we looked at all the puzzle pieces putting the puzzle together to see if there's anything missing or if we should be improving on something that they didn't think about. So that is the process we walk people through, no matter if they have small,

medium, or large. It's the same process every time, absolutely absolutely, And that phone number again is six one two four four one twenty four forty one. That's how you get in touch with the Haven Financial Group. Speaking of puzzle pieces and things that fit together. I thought this was kind of interesting. The TSA is testing a new security system that they say is going to make sure that you are who you say you are. It's it's

based on facial recognition. And I was reading the story and my first thought was, well, you don't. Half the time my phone doesn't even know it's me and won't unlock. How how are they going to verify this at the airport? But apparently it's a pretty intricate system. You know what happens? Though, Larry, do you think if the TSA facebot thinks that it isn't you? You don't think that ever could happen to you? Though? Oh no, no, no, that doesn't work like a charm. Yeah,

there's no wrinkles here. I think that could be a could be a disaster. First of all, I am who I say I am. I've been Larry my whole life, and I don't plan on changing it now. But I don't know. I mean technology it's great or it's not so great, and it does have faults to it. I just don't know how much

faith i'd i'd haven't it. Well, it just seems odd to me that they can't look at your ID and look at you and go okay, keep going, because what it is, basically, travelers are going to put their driver's license into a slot that reads the card, or they're going to place their passport photo against a card reader. Then they look at a camera on a screen about the size of an iPad, which captures their image and compares

it to their ID. I guess they're trying to get rid of the actual person at TSA, But for the first testing periods, a TSA officer is still going to be there. You know. I took a cruise back in March, and when we debarked for the final day, that's how they checked us. They didn't check our passport. I walked up and I stared to do an iPad and it gave me a green check mark and said you're who

you are, so keep moving. So either either they were checking my passport or they now have me totally on file there and ready to get after it. But I just think that this seems I guess the goal is to eliminate actual people. I don't know, because why can't the TSA guy just keep looking at you and looking at the ID and say go ahead. Yeah, I think that's exactly what they're doing. Get get rid of the people artificial

intelligence and automate everything and throw another computer screen in front of you. I think sometimes the people thinking this stuff up have artificial intelligence. But you know that's just I could be thinking out loud, which I probably shouldn't do. But anyway, listen, if you want to talk to real people and you want to have a real experience with real folks about your retirement plan, well, the folks that have in financial group can help you get there. They

are standing by right now to talk with you on the phone. Six one two four four one twenty four forty one is the number. Again and again this is simply to set up your complimentary retirement readiness review. You don't have to go through everything today, just get on the calendar because at the end of these shows, people do start to call and the calendars do fill up quickly. Six one two four four one twenty forty one is the number for

the folks that have in financial group. And you know, I say it sometimes off the cuff kind of joking, but you guys do take your coffee pretty seriously. There, we do. We are coffee snobs. I can't tell you how many clients have went out and gotten espress so coffee machines just because they love the coffee in our office. So come experience it for yourself, kick back and have good conversation. We take it seriously. We try to have as much fun as we possibly can, and at the end of

the day, we just enjoy folks that we sit down with. And I will I in all transparency here your lovely wife, Rachelle. It's kind of in charge of the coffee, I know, and she has helped me upon occasion as well, Yeah, pointing me in the right direction of what flavors to get. So fantastic. Glad we could assist. Well, you know, we take care of the important things first, then we get down to

minke. That's what I'm talking about. Well, listen, it's also Memorial Day weekend, and we wanted to say, obviously thank you to everyone who has served and given everything that they have to give for our country. And hope you enjoy the rest of your weekend and Larry you and the family. It's always a great time to get together and I hope you get a chance to hit the water a little bit. Well, I hope we do too, and shout out to my wife who turns a I'm sure she's gonna love

this. She's turns a big five. Oh within the week. You didn't do that, did you? I couldn't resist the Happy birthday to the lovely aforementioned Rochelle. Thank you and thank you for listening to They have a Financial Group radio show here on Twin Cities News Talk eleven thirty and one oh three point five FM. By what Devil Investment Advisory Services offer through Guardian Wealth Strategies LLC. Haven Financial Group and Guardian Wealth Strategies LLC are not affiliated companies.

Investments involved risk, and, unless otherwise stated, are not guaranteed. Please consult with a qualified financial advisor and or tax professional before implementing any strategy discussed you're in. Any comments regarding safe and secure investments and guaranteed income streams only refer to fixed insurance products. They do not refer in any way to securities

or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company,