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. And good morning, and thank you so much for listening to the Haven Financial Group Radio show. I'm Bill Seller along with the Haven Financial Groups founder and CEO, Larry Calveig. Good morning, my friend, how are you a very good Bill? Good morning, good morning, good morning,
good morning. Getting my getting through my first cup of coffee today always feels good. Got one eye open at least so well if you're if you're new to the show. What we do every week is we get together and we talk about retirement, not just getting there, but then getting through those years the best way you possibly can. And one of the things we talk about is the way that Larry and his team at Haven Financial Group can help you do just that. So a lot of good stuff on the way today.
As a matter of fact, we're going to talk about Medicare. Looks like a Medicare Part B is going to go up next year. The question is how much. Well, we've got the latest estimate for you. There. We're going to examine an investment strategy that claims to get returns by just sitting there, just not doing anything. And AI artificial intelligence, something we've talked about quite a bit on this show. It is under the eye of
the FTC. And you know, speaking of that, if you shop at Whole Foods, pretty soon they're going to have palm readers in every Whole Foods. Not Madame Rosa, you know with a crystal ball got a part reader, but they are. They've got a new technology they're calling am is on one and it's a palm print scanner that all you do is you scan your hand and it links up with whatever payment accounts that you use on Amazon.
The basic thing is we're trying to take a bite out of Apple pay right and and this way, instead of tapping your phone, you just hold your hand over the Amazon one scanner and it knows how to pay for your groceries at Whole Foods. Crazy technology. It's getting nuts, man, it is. It is getting nuts pretty soon. You're just going to put a chip in your eye and uh not mine, No, no, not mine. I'm just saying it. It is nuts, man, it is crazy.
Now, that's the kind of thing. I wonder if you get it on that, right, is there a way to buy you into that, because it probably will make a lot of money. I'm just saying, what expense. Well, I'm not willing to take it. Yeah, I know you're right. So um, I think we've talked about this before, but it's back, Larry. The word fubbing we've talked about it just sounds rude,
but it's not what it's a It's a term for phone snubby. That's when you know people would rather text or play a game on their phone than talk to the people around them. And when two people do it to each other, it's uh wow, called double fubbing. Which that's creative and according to fizz dot Org, is becoming a real issue in a lot of marriages.
Right at first, you know, we've all kind of been through with our kids when we go out and you know, they just get on the phone or would have you, but now it could be affecting marriages and in your office. Do you ever see a spouse or a partner retreat to their phone while you're kind of having a family meeting about retirement or have you run across
this at all? Well, thankfully not very often. I mean it just to even talk about this, you know, how things have changed with you know, the advent of the smartphone and the development of behavior that never been seen before in the human race, as far as relying on an external advice to give us comfort and communication. And you know, these changes have an impact. I mean, where's the human element? Thankfully with the people that we sit down, you know, for the most part the generation and that's
getting close to retirement or in retirement. You know, they you know, they've seen can be good communication growing up. You know, the good old eyeballs and handshakes, Let's talk to each other, let's look at each other. And you know, most of our clients prefer that just because that's that's
extremely important when we're talking about everything. They work for their whole life, and you know, we encourage in the planning process, which we do and you know every week we talk about that process that we take people through and touch on all the retirement puzzle pieces. You know, if it's a very married couple, there should be two people involved, you know, and oftentimes people both don't like to be involved. Maybe one handles it all, but
eventually it's going to affect both lives. And you have opinions, and people have opinions, and they have beliefs and ideas, and you know, in every area it comes down to communication being that important. And if you're not involved, well then how are you going to have a say when it comes to a state plan and when it comes to financial planning, you know, your spouse is no longer there have you you know, kindle the relationship with
somebody because you don't want to start doing that after somebody passes. You know, all of these are so very important and their integral and the retirement financial all the planning pieces that we talk about, and you know, as it relates to this survey, you know, if there's poor communications, as you know, I'm no marriage counselor by any means. Now my wife and I are going on twenty eight here come in August thirty first, but wow,
you know there's a commenting nominator. If you're not going to communicate, well, then how are you going to make sense logically? And obviously with marriage that's extremely important. And the key here is, you know, can we just putting down the phones a little bit? I mean, can we really? And most of the generation we serve would agree with that. It's just
taken over our lives and it's scary, especially with the younger generation. You know, what gives and what you know, where does it go from here? Yeah? It kind reminds me of the old Foghorn Leghorn cartoons, right, yay, attention son, I'm just need you to pay attention and good points. Yeah. But and it's very interesting because you know gen Z which
is the now. I think around twenty year olds, a lot of them are having trouble functioning with real people because of that, right, they don't know how to actually talk to somebody if they're actually face to face, and that's kind of a sad thing and hopefully they can turn that around. Hopefully they can. Well. At the top of the show, we were talking about artificial intelligence and how the government is looking into it. The FTC is
specifically looking at the Microsoft backed Open AI and chat GPT. Baron's reports that the reason is because there are potential violations of consumer protection laws. There's no doubt that the regulations and the laws are way behind the technology, right Larry. I mean it's tough for them to keep up right now. To me, this has come on so fast, but you know it's been in the making. But yeah, we're behind the times and I don't think I don't
think we really know. And that's why. I mean, there's going to have to be some oversight on this stuff, you know, as it relates to protecting our privacy and all this stuff which we preach for the last several years with HIPPA. You know, it's just it's hard to say where this goes. It's I think it's going to continue to come but you know, there's pros and cons with artificial intelligence, there's no doubt about it. I
mean, this scares a lot of people, especially the older generation. Yes, I know there's good things that can come from this, as far as you know efficiency, It can make us more productive and what cost does it make us more efficient? Right? That people are out of work and that's no good. No, So where does it go? I wished I had the answers, I really don't. I mean there's pros and cons, you know, but they're to me, there has to be the human element,
especially in what we do. You know, we do a lot of workshops. Well, I just can't see somebody attending something, listening to somebody that's not real, that doesn't have emotion, that doesn't seem to emotionally connect or I just it's hard for me to understand that. I maybe call me old school, call me anything you want to, but the reality is, you know, we'll see where this goes. It doesn't in what in retirement planning.
I just don't see how it can replace. Maybe it can add too, but again, just know who you're working with and what's going on. We always talk about awareness and understanding. Absolutely. Look, AI is here. It is here, it's not going away. We're all going to have to learn how to coexist with it. And that's you know the you know, Hollywood is shut down right now. A lot of it is over AI. The writers went on strike for one reason, but then the actors followed
suit. Because I was reading an article about this. Do you know that the studios made a proposal to them that if you're an extra in a movie. They wanted you to go to work for that movie, but that day you're there, they were going to scan your image, pay you for that day, and then continue to use that image anytime, anywhere in any movie with no compensation. Wow. And that's just one of the things that we're
a I mean, but can think it. First of all, just think about the technology they can do that right where they can scan you and then put you in any movie they want. And you look, that's just amazing to me. But again, that's going to affect jobs, and right now it is affecting jobs with that strikeout in Hollywood. But you know, if you want real intelligence folks about your retirement, not the artificial kind, that's why you want to get in touch with Larry and his team at the Haven
Financial Group. They're the folks to talk to when you're deciding on which direction you want to go as far as getting ready for retirement. Let me give you their number. It is six one two four four one two four four one six one two four four one twenty four forty one. Call today,
set up your complimentary retirement. Reading this review and get in there and talk with Larry and his team about all those puzzle pieces that make up your retirement plan right, not just investing, but healthcare taxes, how do they affect your retirement rising cost of everything, estate planning, and everything that goes into retirement. They're there to help you six one two four four one two four one. You're gonna go in. You're gonna sit down and talk with them
in a what things are going to happen. One you're going to realize you really needed help, and thank goodness you checked in because now they've got you on the right path. Or you're going to find out that you actually were doing the right stuff. And I want to have one thing to that, Bill, I was that I was thinking about this artificial intelligence. You know, most of us that we sit down with the word artificial, they want
real. They want the human element that they don't want anything artificial. They can sense if there's artificial and fake or they want real. They want somebody that cares. They want somebody that's listening that here's their situation and not being artificial. And you know what, we pride ourselves and taking the time sitting down with folks asking questions in any of these areas and getting to an area of having some comfort and understanding to know, Wow, these guys are really
listening. We find that extremely important that we develop these relationships. Absolutely and that's what it's all about. So give them a call today six to one two four four one two four four one to get on the calendar for your complimentary retirement readiness review. On the way, the latest update on the Medicare Part B plans and the increase it's coming up, and why stuffing your will
between the couch Christians could lead to a family crisis. I'm not sure have to explain that, but we will, so coming up next on the Haven Financial Group Radio Show here on Twin Cities News Talk eleven thirty and one h three point five F 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 on Twin Cities News Talk eleven thirty and one oh three point five FM. They're gonna put me in the movie. They're gonna make a big start out we'll make a film about a man that's sad.
Welcome back to the Haven Financial Group radio show. I'm Bill Seller along with Hayn Financial Groups founder and CEO Larry Calvig, and we were just talking about Hollywood, right, the writers and the actors being on strike and all that. But before all that happened, this has been a huge summer movie season. A lot of movies already cracked one hundred million dollar mark. I don't know if you're a big movie goer, Larry, if you haven't even had
time this summer, I don't know, but I have not. I mean in the winter, yeah, more so than the summer. But I know there's lots of big, big movies. Yeah, just this past couple of weeks. Yeah, yeah, yeah. Sometimes I like to go in the
summer because it's cold in there. The air conditioning is good. Indiana Jones and The Dial of Destiny is already over a hundred million, The Little Mermaid, Guardians of the Galaxy three, which I saw that was really good, but so far, the top grossing film this summer is Spider Man Across the Spider Verse over three hundred million dollars, and more recently, now the Barbie movie. Yeah, right behind there worldwide, three hundred and thirty seven million
dollars. It's made already and it's only been out for a couple of weeks. So yeah, they're they're doing okay, but apparently they don't have enough money to pay the rectorate. But anyway, sorry, I'm just I digressh Man. So the development of offshore wind power appears to be slowing down a lot. Projects that were expected to power millions of homes have kind of stalled out. According to Barons. Inflation and lower than expected profits kind of had
the list of its problems. But there I got to ask, if I'm an investor and I'm in this kind of thing, this is one of those should I stay or should I go moments? Right? Well, it is. You want to research anything that you're looking to invest in, of course, you know, and the new stuff comes out, you just don't want to jump. You don't want to you don't want to know what you're doing
with your money, especially as you get close to retirement. You know, as far as this study goes, you know, the wind power, you know, the offshore wind power, you know, this industry is really teetering for a variety of reasons and inflations. One of them, the costs are up. The supply chain can handle it, and a lot of these, even these big companies, are pulling out of these contracts and you know what,
again, things can change, and they can change quickly. So as we look at people's portfolios, you know, our investment team looks at the portfolios as it relates to retirement. We want people to be in a position to know that they're very diversified. What they're doing is consistent with their values at this stage of life, that the element of time has been factored in.
You know, yes, can you dabble in speculative Yeah, depending upon your situation, because you know, we're not all wired the same, you know, So having a good understanding and awareness, which a lot of times people do not have. I can tell you that most often people say, well, Larry, we're getting close to retirement. In retirement, you know, we've really backed off the amount of investment risk that we're taking. And certainly that may be the case, but oftentimes not nearly the case that they
think. I think of John and Diane. He worked for Wells Fargo when she was a teacher, and they just this last week said exactly what I just said. Well, as we looked into what they were doing, unbeknownst to them, they were not doing anything consistent with what they told me. Now that can be a recipe for a problem. It's why we want to dig in and make sure that people are aware of what they're doing, why they're doing it, and then also be a part, you know, involved
as far as to some degree. Here's why we're doing this as it relates to your situation. So you know, there's a lot of factors that go into that. You know, they don't. You don't have to be the expert. But that's where people rely on us, or you should rely on someone to make sure that they're reviewing what you're doing, they're researching it, they're not get you into a precarious situation. And as life happens. In economic news, who happens, they make you aware of all these things.
Not everybody needs to take risks because it comes down to willingness, need and ability. And just this last week I had Fred Nancy and he's retired electricians, she's soon to be a retired hygienist, and we looked at their situation. They've done a great job, just a wonderful job. And I said, how do you feel about risk in the stock market? And they go, why do we need to take any risk considering we're in a good position that you know, that's just not who we are now. Who am I
to say or who are we to say? Well, that's a round decision. It's not. It's their decision. And based on that that gives him peace of mind to know, hey, we're in a really good spot.
That's where we want to get people. Yeah, and you know, Larry talks about it all the time that having a plan leads to several things, right, not just being successful in retirement, but peace of mind as well, so that when we face times like we are right now with inflation and the rising cost of everything, all the markets and you know, tax issues, all that stuff, if you have a plan in place that anticipates a lot of that, you're going to be so much better off. And that's
where the folks at Haven Financial Group can help you. Call today at six one two four four one two four four one for your complementary retirement readiness review. Get on their calendar as soon as you can. Just go in meet these good folks have a nice cup of coffee and get to know these guys and see if it's a good fit. And if it is, then you can go forward and talk about your plan and let them look at it and
all that good stuff that goes along with getting ready for retirement. Six one two, four, four one twenty four to forty one is the number again at Haven Financial Group where you can find out more at Haven Financial Group dot com. And yeah, and Bill, if I may add to that too. You know, as we take people through our proprietary process, a lot of times we're referred to friends and neighbors, and we do lots of educations. We meet lots of people and they have the ability to come in for
a no cost retirement readiness review. And as we take them through, our job isn't to create a problem, or it's to identify is there a problem or is there the potential for a problem. And a lot of times people are not getting the attention that they need, so they just don't know, and then the worry can build up in some concern. And you know, as we take them through and ask questions and take notes, and I'd love to hear people say you're actually taking the time to listen. Nobody's ever asked
us that. And then from there if we develop some strategy and implementation, and then of course monitoring andjusting as life goes on again of just identifying are there any improvements, are there any missing pieces? And a lot of people are just getting forty five minutes to an hour once or twice a year, and in everything that goes into retirement, that's just not enough attention and you're
not getting what you're really paying for. That's the whole purpose of why we walk people through it, and that starts with the phone call six one two four four one two one. So a lot of times we talk about social security on this show, right, and one of the things we've talked about before, of course, is the old Social Security cost a living increase.
Now the estimate for twenty twenty four is around three percent. However, now the Senior Studises League is warning that Medicare Part B premiums may go up around fifteen dollars per month. So there goes your increase, right, it doesn't end. So they're looking at it about a total of almost one hundred and eighty dollars a month. Larry, I know you guys deal with this as well in the plan. What do you do when things like this happen?
Well, you can just pretty much prepare that there's going to be increases year after year. There usually is once in a while we'll get a little surprised. But first of all, we have SO security classes and tax classes had a couple this week, great attendance because people need to know and when should we take it, how should we take it, why should we take it? Should we take it at SO security at sixty two full retirement seventy?
And we'll prepare a beautiful report that'll kind of outline good, better best and give them some bases as far as their decision making, because it is important decision because SO Security makes up a big amount of retirement income for retired Americans, and we want to make an educated decision. And then how does that
relate to the other income sources that people have. You know, then we factor in taxes, and if we take Social Security before full retirement age, how much can we make and all these things we teach and talk about and
then sit down one on one and how it relates individually. And then we get to medicare You know, we have access to all the Medicare and you know, Glenn handles all of our medicare and again they're going to bombard your mailbox when you get close to sixty five, and we'll talk through the cost to it and you know all the things that go into that decision making, and you know, you know, as far as increases, you know, this late latest one came up and I think that the medication was called la
Quimby or something like that, as an all side drug that came out and there was some increased costs and you just kind of you can kind of plan on these. But that's where we help people plan. Because healthcare is a major expense in retirement. We need to factor it into the overall projections to make sure it's accounted for and then shop it out every year. You know, people get complacent and they well, I just have the same plan.
I've had it for ten years, and maybe that's appropriate. Oftentimes it's not appropriate. But if you haven't shopped it out during the special enrollment or open enrollment, you might be paying much more than you need to be and it's just wasted money. So that's also part of area of the areas that we assist people on an annual basis, and that all starts with that phone call. I'm telling you, folks, you set up the meeting, go in chat with some folks. What look can hurt to get a second set of
eyes on your retirement plan. Six one two four four one two one. We're gonna take a quick break and that when we back, let's just talk about the fact that you can set it up and let it go right. Can the do nothing portfolio strategy really work? We're going to talk to Larry about that and why the plans you make now could keep your family together. Later that a lot more on the way with the Haven Financial Group Radio show here on Twin Cities News Talk eleven thirty and one oh three point five ff
mon and Morning to Friday five Work Workload. I don't clown Flinn, clown falls man. Your bad time up came invest a little time to be sure your investments are working for you. Reach out to the Haven Financial Group now for your compliment or e no obligation retirement readiness review. Our team is standing by now to take your call at six one two four four one two four
four one. That's six one two four four one two four four one on Twin Cities News Talk eleven thirty and one oh three point five FM and Why This is the Haven Financial Group Radio Show with Haven Financial Groups Founder and CEO Larry Caulvic I am bill seller and CNBC has released their annual list of top ten worst states to live in? Larry, can you can you guess what number one was? No? I can't. Texas Texas who did this study?
Well at CNBC's rankings, and it comes from their yearly research on the best states for business. In case you're wondering which is the best to live in Texas? Apparently the worst for business. Number two on the list is Oklahoma, then uh, Louisiana, South Carolina, and Alabama. Because I mean, I wonder where this study comes from, because I hear people flocking
to Florida front in Texas. So this is very interesting. Many factor in taxes, especially where we live, and in those states are very popular. So this is very interesting, very interesting. So we hope that helps if you're deciding to move anywhere, maybe those aren't the ones you want to go to. So how's this for an investment strategy? Larry? It's called the do nothing portfolio? So imagine you bought a bunch of stocks and just left
them alone for ten years. Morning Star is saying that hypothetically you can do as well as or better than the S and P five hundred, so less risk and about the same return. Sounds a little too easy to me, man, Is that actually doable? Well, they say it is, but
i'd be I'd question. You know, the time frame, you know, the cherry pick the time frame, you know, considering the times you know, these do it nothing portfolios if you will, you know, they don't don't often make room for new index editions, like you know when new like Tesla come out or Meta and some of those others. So anybody, statistics are statistics. I mean, you can play with them anyway you want to. Now you know, ten years and just leave them alone. Remember,
we're working with those that are getting close to retirement. In retirement and retirement income is going to have to be generated. You're going to people get to the required minimum distribution age. So it's not about just leaving its stagnant. It's okay, there's there's certain timelines of life where we're going to have to access Moneish dollars are going to you know, investments will be sold off to
some degree because we have to or we need to. So I always say, you know, be careful, you know, develop a plan that's specific to your situation at your stage of life. You know, to buy it and hold strategy. Some say it's gone, you know, but then do you really need a strategy that's actively you know, day trading. Well, if you'd like to do that, more power to you. But sometimes simple when it comes to investment isn't so bad either. But there's a variety of
different ways you can look at it. It's where if you have somebody that's working on your behalf and you're comfortable with them and they're listening to as it relates to your retirement needs, you know, it's not one glove fits all. If you're twenty or thirty years old, could you use this strategy, Of course you could, and it maybe you'll pay off just fine. But as things get closer to retirement, those years are different. Are Those are
not the accumulation years. Now we're into the distribution years and you want to make sure your vision diversified. You have the right investments and the right types of categories. As it relates to IRA, pretax money or wrath money or
brokeraage non qualified money. And again that comes into the tax situation. You and I weekly talk about, you know, forward thinking tax planning, the coordination of all these different retirement pieces as it relates to your investment portfolio, yes, and then all the other variables as it relates to So it's not as just Okay, this strategy is good, let's go. There's a lot
more that goes into retirement. Yeah, and having that plan in place is the best way to make sure you are understand everything that does go into retirement. And calling the folks that have in financial group for your complimentary retirement readiness review is how you get that started. The number again is six one two
four four one two one. So you know, it's funny because celebrity in this country is well celebrated, right, I mean, everybody looks up to celebrities and everybody wants and now people that are being called celebrities today, I don't even know half of them anymore, becaus are from TikTok or something like
that. But you know, one of the aspects of getting ready for retirement is having a solid estate plan in place, and boy, it doesn't matter how much of a celebrity you are or how famous you are, when it comes to this stuff. Right. A Michigan jury just recently ruled that a hand written document that was found stuffed in a wreath up Franklin's couch is legally
recognized as her last will and testament. But her family had to go through all this stuff with the courts, the did siblings fighting over this thing, right, and it took them forever to get this ruling. And I just think that this illustrates Larry so well, the need for that organized estate plan. Bill. I couldn't agree with you more. You know, we deal with this on a regular basis because as we all get older, life happens and we lose folks, and we lose clients and loved ones and moms and
dads, and you know, it is so important. You know, back in the olden days, where things were simple, if somebody whispered something, you know what, it probably was going to go just fine. But you know, today, unfortunately, we live in a very litigious society, you know, where it's easy to sue or cause problems or make issue with people that maybe can't speak for themselves or who are gone now and you know why.
It's why we partner very closely with carry our state Planning attorney. And you can work with anybody you want to, but work with somebody that again is listening to your situation. You know, there's certain things that we talk
and educate. You know, when you're living, should you have powers of attorney, maybe durable powers for healthcare, healthcare directives, healthcare decisions, you know, the living will and that type of thing, financial, durable powers of attorney who can make these decisions because if you haven't and there's no automatic
sometimes people think spouses are automatic. Not true. You have to appoint them legally, okay, because otherwise if you don't and something happens, which eventually life does happen, and you don't have these in place, well then you're still living. Guardianship and conservatorship can be set up at the state, which is you know, guardianship, I'm your parent, conservatorship, I have your checkbook and now I have your money. Well, you don't want that,
so you want to keep it in your family loved ones. And you know, just last week I think I had somebody say, well, I don't know who to appoint, so I haven't done anybody. Well, then you've appointed the state to do it. Well, I don't want that. Well, then we need to change that. You need to change it. So not only when you're alive, and that relates to eighteen year old and above. Now when you're gone, then we talk about and discuss Should I have
a legal will? Most people should? Should I have a revocable trust, irrevocable trust, transfer, undeathdeed, and again on and on. Not to make it complicated, but it's it's It isn't one glove for everybody. And this is where we and carry do such a I believe a very good job of informing because not everybody needs everything. Not everybody needs everything. Susie Orman says, everybody should have a trust, well a lot of people should,
but not everybody needs to. So understanding what you your spouse, if you're married, your family, you know what you need. What's important to you? Is carrying on a legacy important? And you know the statistics are staggering. You know, fifteen percent of an Americans have a competent plan, eighty five percent don't. Everybody's thinking about it, but most people never get around
too. And it was never designed to be a senior topic. It was designed when you had something, kids, loved, one's house, etc. You know, the late Great Prince here from the Twin Cities. We know what happened to his estate for years and years and the costs involved and people coming out of the woodwork. You don't have to be a big shot or somebody that's in the limelight. It can be anybody. Because people think, well, this is a state planning is only for rich people. That could
not be further from the truth. So again again that's where we sit down and help people understand. If you're looking to protect what you've worked hard for when you're living and when you're gone, for you, your sake, you, your spouse and your family, here's what we outline and going forward, what you choose to do is completely up to you. But here's what it comes down to, and we said it earlier. Peace of mind to know that we did the best we can. I don't want to leave a headache
for my kids or loved ones. Those are the important things and why we do them. Absolutely. And you know it's funny you talk about you know years ago, Well, first of all, people didn't live as long. We didn't have the science that we have now to keep us alive longer, right even when we're sick and not doing well. So having all this stuff written down and making sure that the right folks get what you want them to have is so important and again just part of the part of the puzzle,
the retirement puzzle. It's one of the big pieces. When you call Larry and his team at Haven Financial Group at six one two four four one two one and coming up here speaking of living longer, when when long life leads to long term care, we're just discussing that, are you going to be financially prepared? And the dark sire to HGTV. I know it's terrible to even say that out loud, but we're going to talk about that as well. It's coming up right here on the Haven Financial Group Radio Show on Twin
Cities New Stock eleven thirty and one h three point five FF. It's gone away from the three of us. Welcome back to the Haven Financial Group Radio Show with Haven Financial Groups founder and CEO Larry Calvey, Guy and Bill Seller, and the thrill might be gone for HGTV. Larry, one of the most popular channels out there. I mean you know who doesn't enjoy seeing homes going from beat up to beautiful? Right right? And they did it. And what's amazing is they do it in a half an hour. It's just
crazy how quick amazing there. Washington Post is reporting, though, that we might not be enjoying these shows as much as we thought. A study by a couple of college professors concluded the shows on HGTV and and other channels like it could be making us feel that our homes are boring. But it goes even deeper than that. The professors noted that watching these shows caused us to see everything that's wrong with our home. Now. I got to tell you
something here. I have never once thought that watching one of these shows, I'm gonna be flat out, you know, I decided to maybe I'd let my bathroom to look like that shore. Do I lose sleep over it? No? No, So is this one of those things where just another thing where the world is making us feel victimized? Larry, I would see it probably. I mean the world is good at film making us feel victimize Personally,
I don't think I've ever watched an ht TV show. Now my wife or Shell has, she doesn't very often but you know, the US, the human way here is looking at while we have it so tough. You know, we you know, we we're not as good as the Joneses, and you know, we criticize ourselves and what we're doing and scrutinize, and you know the point is, you know, let's just be grateful and thankful.
Recently, my wife and I just traveled abroad, and you know, we're a very blessed country, and sometimes we just take it off for granted, and you know what, at the end of the day, that's just not fair. Sometimes almost all the day. Yeah, I mean exactly. You know, I would not trade places with anybody nowhere in the world anyway.
Anyway, I just thought i'd bring that up. So when people talk about retirement, Larry, which is why we're here today, you know, they often worry about running short of money, right, That's like their biggest fear. Do I have enough? You know? One reason for that is the rising cost of healthcare. One of the producers on this show actually has
a relative who's ninety six. She's got Alzheimer's, and her husband was thoughtful enough to invest in long term care insurance for both of them, so instead of being in assisted living today, she has caretakers in the home, all covered by the policy. Now, her policy was purchased decades ago and prices are a lot higher now. So is that still the best option to go
with a long term healthcare policy? Well? Is dan? This is another discussion that we have we ask questions on because the first of all, you have healthcare as it relates to retirement, healthcare that leads into Medicare, which is not long term care. Sometimes people have this notion that Medicare will take care of them if they go into a home or something of that nature,
and it's it's just not true. Now people that have had had to deal with parents, loved ones, any nursing home or you know, maybe some sort of living arrangements, assisted living. You know, the statistics are staggering that seventy percent of us will need some sort of care in our lifetime.
Now we can plan and plan for retirement as much as we possibly can now borrowing any life changing moments like nursing home, like Alzheimer's, dementia, parkinson, some of these ugly things that can come up early in life or early on set which can decimate an estate or late term. We need to prepare it to the best of our abilities. Now, these are not fun discussions. People that have had to deal with this, they get it, they
understand it. They know costs are somewhere between eight to fifteen thousand dollars a month a month that is depending upon where you're at. Yes, it's extremely expensive. Now, how do you plan for that? Well, a lot of people don't, and most of us don't want to be a burden on our kids. And there's I'm not going to get into it, but there's changes in different states that if you go into a home ultimately and don't have the money to pay, they could come down on the kids or loved ones
or your family after you're going to pay for it. Now again there's that's readily changing. Now, what can you do, well, explore all the options. And in the case you mentioned with the producer, they bought long term care years ago, Well, if you get it younger, obviously it's cheaper. Problem is a lot there's been a lot of turnover in this industry and a lot of these companies they've raised prices, raised prices, and some of them are difficult to initiate. Once you need the money once you do
go to home and that can be a pain. So it's changed drastically. We talk about and educate on if you have the assets, have you looked at? Asset based long term care? Very popular, much much better in my opinion than it used to be. Your hybrid long term care. Glenn handles all of our long term care. Personal experience gets into this a lot. We just had somebody last week that you know, John and Nancy from Burnsville. Her dad's been in memory care for five years and her mom's been
an assisted living for two years. It wiped out everything they had. Now, not everybody is going to be able to afford or look at long term care. But if you've never explored it and you got scared away by some Cadillac plan years ago, it's changed drastically. So have a conversation, sit down with us, talk through these things. What's appropriate, what's not appropriate? Is it feasible? Is some better than nothing? And I know we
joke about it, but it's no joke. Is you know a lot of people's plan is their son and daughter in law are going to take care of him. Well they don't even visit you now, So are you sure that plan is going to work. I lead out full Okay. So it's a big topic. It's a sensitive one. You know. My late father in law was over at here at Ebenezer in Burnsville for eight months before he passed in March. These things cost lots of money. It's what have you done
to prepare and it's based on your situation. Something maybe better than nothing, but explore the options. Yeah, and like Larry said, it's nothing we want to think about, but we have to. And ye know, my insurance guy told me years ago that insurance is like you're gambling, right, You're just you're gonna pay the You're gonna anny up every month and bet that nothing goes wrong. But that's right. If it does, maybe that is
something you do want to have in your back pocket. And that's one of those things that Larry and his team can walk you through, help you to understand, make sure it is something that would be good for you or not. And that all starts with that phone call to set up your complimentary retirement readiness review. The number again is six one two four four one two four four one six one two four four one on twenty forty one. All these
things on the show today that we've talked about affect your retirement. So if you've got any questions about what you've heard, if you want to find out more, if you just want somebody to look over the plan that you have in place to make sure it is rock solid for you. All starts with that phone call six one two four four one two one. So I don't know if you remember, but a month maybe two months ago, I was talking about how the folks at the AMC We're going to start charging premium ticket
prices for seats in the middle of the theater. Do you remember talking about that? And I thought, what like a five dollars more for seat in the middle versus out on the edge. Well, it seems like that's not going to happen now. They gave it a shot and found out that it didn't make any difference. They say, theatergoers just kind of sat where they always had. I think the real reason is that they decided against it is because a it didn't work and no other theater chain followed. They thought they
were going to do something cool and progress. Of the minute I saw this plan come out, I thought, no, not for me. I'll sit where I want to sit. And I'm not going to pay five bucks extra to be in the middle of the theater, right. First of all, the way I'm built, I'm kind of an illc guy anyway, so you know, I'd like to be out there. But you know, they offered three tiers of seating, right, and it just didn't work. Well. They tried, they didn't succeed, and quite frankly, I'm glad for it.
Yeah, I think they said more than seventy five percent of guests who previously sat in the preferred section continued to sit there during movies even with the slight up charge. But they also said there was almost no increase in moviegoers sitting in the front row, even though that it was a little bit cheaper down there. So they just figured that out and it probably got to be very confusingly for accounting as well, right that it was better. Well,
well, listen again, thank you for joining us this morning. Let me give you the phone number again. It is six one two four four one two four four one. That's how you get in touch with the folks at Haven Financial Group. You can find more about Larry and his team online at Haven Financial Group dot com. And Larry I know too that you talked about the classes that you guys offer. Folks can go online and find out more
about those there as well. Right, yes, we offer many educational, yes, truly educational classes as it relates to so security and taxes, investments, whether it be Medicare medicare one on one class. And again all these classes are offered no cost. You get educational booklets in these classes, and then you have the ability at any time if you choose to to take take advantage of that no cost retirement readiness review, which by the way, is
very laid back. It's at our office here. It's it's to hone in on your situation, to take you through the process and ask questions and really get you comfortable with us and us comfortable with you, and you know, to really tie it all together. You know, you have nothing to lose. Again, there's no high pressure headquarters. We try to have as much fun with this as possible. You know, mentions, we're coffee snobs and we like good cookies and we have a bunch of snacks, and you know,
we'd like to have fun with something that's extremely important. But we're not stuffy, you know, we're real, you know, just oftentimes I'll get this, Wow, you guys actually care. You know, we're not a stuffy organization, but we want to get to know you and vice versa. And at the end of the day, we want you to have the coordination of all these retirement puzzle pieces. They don't have to be all under the
same roof, but they should be working together. And if they're not working together in retirement, they could be very much working apart, and you don't want that. They call it the golden ears. Let's make them as golden as possible. Absolutely all that starts with that phone call six one two four four one two four four one. Well, listen, man, I'm going to head out to the lobby here and grab one of those cups of coffee. Cookie quite explain why I needed. I'll see the theater, but that's
another story entire Always a pleasure, my friend. We will talk again next weekend. Have a less week, and thank you for listening to the Haven Financial Group Radio show here on twin Sitties Newstalk eleven thirty and one oh three point five FM. I keep a closed watch on this heart of mine. I keep mid wide open all of time. I keep their investment advisory services offered through Guardian Wealth Strategies LLC. Haven Financial Group and Guardian Wealth Strategies LLC
are not affiliated companies. Investments involve risk, and, unless otherwise stated, are not guaranteed. Please consult with a qualified financial advisor and or tax professional before implementing any strategy discussed here in, and comments regarding safans cure investments and guaranteed income streams only refer to fixed insurance products. They do not refer in
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