The real wealth builder is holding it so that it can accumulate. In our
area, real estate's accumulating at eight to ten percent, which is unbelievable.
You're going to beat inflation. There, you are listening to Carrie Leutz's Financial
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Well, we all know inflation is here. It's here to stay.
The numbers have been coming in higher than the so called experts we're expected.
The only thing this expert is done by is the fact that they admitted that
inflation is coming in higher than expect it. Well, we've got a really
good guest on today, Andrew Winnett. You're look, you've been around Hollywood
literature, finance, you produced, You produced movies like The Retirement Deception and
The Baby Boomer Dilemma, So you're an expert on this. So inflation.
First, where does inflation come from? I mean, I know that most
of you out there know it, but it never hurts to refresh and get
a different view on that. Andrew, thanks for coming on. And oh,
if you've got a question for Andrew or myself, shoot me an email
kl at Karrie LUTs dot com. So, Andrew, it's great to have
you on Where does inflation come from? You know, like if you listen
to the politicians, they just can't figure it out. They have no idea.
But you and I know differently, don't we, Well you do,
Carrie. It's great to be with you. So there's a lot of problems
that we're experiencing in our economy right now. Inflation is clearly one of the
biggest. You know, we're I don't want to kick a dead horse,
but you know, to oversimplify, when we elect dead horses in this country,
we don't kick them. That's true. That's that is true. Hopefully
we don't do that again here in a couple of months. But so when
we print too much money, obviously it's going to have an inflationary effect.
You know, if you look at our present debt, which is you know,
across thirty four trillion dollars. We're on a run rate of ten trillion
per year through twenty thirty. I mean, we're talking colossal amounts of debt.
Now, the inflation problem. You know, if you go back to
Jerme Powell, which is kind of like the Wizard of Oz, he's the
guy in the behind the scenes who's pushing all the levers, and he has
a big part to play in this inflation issue. And you know, the
Federal Reserve, they really only have a couple of tools in their tool bell,
and oftentimes it just takes us on this merry go round dealing with inflation
and then combating inflation by raising interest rates, and the interest rates to destroy
the economy and we go into a recession. And then we lower interest rates
essentially quantitative easing, printing money, and the cycle starts over. And so
we're in another cycle. But the problem is is that this merry go round
can only go around so many times before this debt is unsustainable. What I'm
concerned about is not just inflation, but it's also how is the stock market
going to perform in the long term. We are going to have inflation.
In fact, if you were to look at back in the late seventies and
eighties, you know, the Paul Wolker era, when we had double digit
inflation. You know, back then, they were factoring in food and energy
into that CPI number. And they're being honest about it. Right last year.
You know, for for a long long time, the definition of a
recession was two quarters of negative GDP. Well we had that last year,
and then all of a sudden, they're like, no, no, no,
no, no, we're going to change the definition. I know we
had two quarters of make EDP. We're going to change the definition. That's
not what a recession is anymore. They're doing the same thing with inflation now.
They're extracting food and energy out of the CPI numbers, which is forty
percent of the entire metric. And so the numbers that we're getting are flawed,
they're skewed, they're manipulated. You know, their goal is a two
percent inflation rate. That's never going to happen. And even then, you
know, we're having a hard time at the three percent three point one to
three point two, the sticky inflation. I'm concerned that inflation is going to
continue to go up. And as it goes up, what is the Fed
going to have to do there. We're going to have to keep rates higher,
and something's going to break. Banks are not out of the woods yet.
We're going to have a lot of problems moving forward. And I'll end
it with one other thought. You know, right now the stock market is
at essentially all time highs. I mean, it's been an unbelievable ride.
But you know, there's that old adage and obviously we all listen to the
same experts, but if you show me your demographics, I'll show you your
future. You know, predicting the stock market on the short term is extremely
difficult, right It takes a really big braining to look at the trends and
predict, you know, what the stock market is going to do on a
day to day basis. Oftentimes, when people do that, they end up
becoming a chain smoking, you know, day trader and they're stressed out of
the find losing their hair. But predicting the stock market on the long term
is actually very easy because it's all demographically driven. Right. So, right
now we have such a swelling elderly pop population that they call the silver haired
tsunami that around twenty thirty we are going to have so many people retired or
retiring, we're not going to have enough workers or taxpayers to cover the rising
costs of social security, social security, disability, Medicare, and Medicaid.
And we're not the only country in this predicament. The entire messy yeah,
Western world is in this predicament. Right, I've seen the charts. They're
scary, they are terrifying. You're absolutely right. Carry you look at Germany.
Germany's in just as bad a shape as we are. China, similar
situation. They're one child policy backfired big time. Then you look at Japan.
Japan is the worst in the entire world for their demographic problems. And
once the demographics get off kilter or out of whack, the stock market flatlines.
If you look at Japan as an example, because of their demographic issue,
their stock market and I'm oversimplified, but their stock market has been stagnant
for three decades. You look at Europe, They're an older country, same
thing. Their stock market has been relatively flatlined and stagnant for two decades.
As we in America go into this new season with this demographic problem, the
stock market is not going to perform like it has like we've enjoyed, and
when that happens, inflation is going to punch harder. It's going to hit
us even worse because we don't have our accounts right, our stocks balls mutual
funds that are combating inflation. So we're facing some big problems. And then
one little cherry on top. Stanford Research recently came out and said, well,
by twenty fifty, the average lifespan will be a century long with AI
technology and with modern medicine, so people are going to be living longer.
The stock market is not going to perform as well. Inflation is going to
be a consistent problem because of our massive debt. I mean, it's kind
of a recipe for disaster. You're just a bundle of optimistic, cheery thoughts
today, aren't you, Andrew. Well, we have solutions. We have
solutions, and if you'd like, I'd be happy to kind of tell you
always looking for solutions. Okay, So I'll tell you a quick story when
I was when I was dating my now wife Jazz. We were on our
I don't know, second or third date, We're getting to know each other,
and I decided, you know what, I'm going to take her to
a batting cage, right like, you know, to you know, hit
baseballs. I don't know how romantic, oh, I know, I just
want you know. I was trying to show off. I'm pretty athletic,
but I never played baseball. You know. I thought, oh I could
do this. You know, I'm going to show where manly I am.
So we go to this batting cage and again we're getting to know each other.
And I did not know this, but my you know, now to
be wiped. She got a full Righte scholarship for playing softball, So I
mean she wiped the floor with me. She crushed it. Every ball she
hit out of the bark and I can't hit a stink in baseball. It
was so embarrassing. I had to surrender my man card. It was humiliating,
as you're right, you see, that's what happens when you're when you
make assumptions about the fairer sex. That's true. Yeah, I made a
great error there. But winning the game of retirement is a lot like winning
the game of baseball. Okay. The way you win the game of baseball
they call it small ball, and small ball is you hit singles and doubles
and you never strike out. It's the fundamentals, right, don't try to
hit the home run. It's singles and doubles and never strike out. Well,
at our firm, my personal belief is how you win the game of
baseball is how you win the game of retirement. If you can earn five
to seven percent net okay, so net of fees, net of you know,
any loss, and you never strike out, you never go backwards,
you're gonna win the game of retirement. So you don't win baseball by strikeout,
strikeout, home run, strikeout, strikeout, strikeout, home run.
That's not how you win. It's singles and doubles and never striking out.
I believe in retirement as you get older, right, it's not so much
about how much do you learn, it's how much do you not lose.
You know Ted Betta, the founder of the four to one k he's in
my first movie. He talks about the danger zone, which is five years
before retirement and five years after. And if you're in that danger zone and
you lose twenty percent he said this, I didn't say this. If you
lose twenty percent in that danger zone, he said, you would never recover
it. Now that's sobering because we have a beer market, or at least
we should one out of every four or five years, right, So that
is a big problem. So if you can are five to seven percent and
never go backwards, you're going to win the game of retirement, just like
you'd win the game of baseball singles and doubles, never strikeout. I'm every
now and then you get a Grand Slam and you really clean up. So
right, but now you got to do a little bit better because of inflation.
Right, that's right, yep, And that is a big problem.
And that's why for us at our firm. Okay, this is pretty unconventional,
but when we're looking forward the next fifteen years, we're trying to factor
in inflation, we're trying to factor in the risk of the stock market,
okay, the stock market not performing as well as it has. We're trying
to factor in longevity risk because this is going to be a big issue.
In fact, the National Bureau of Economic Research, this is in twenty and
twelve. Okay, in twenty and twelve, they came out with this report
that fifty seven percent of single, divorce and widowed individuals will run out of
money before they run out of life, and forty six percent of married couples
will run out of money before they run out of life. Now it's even
worse. It's literally one out of two. It's a coin flip, right,
heads, you don't run out of money. Tails, you got to
go back to work at Low's or Home Depot or Starbucks, you know,
and have some weird boss with face tattoos and purple hair. It's brutal.
I don't like those statistics, but the odds are stacked against us, and
so you have to have a conservative approach when it comes to planning for your
future. I'll give you another quick metaphor. Have you climbed Mount Everest?
Kerrey? No, It's on my bucket list, but I'm sixty six.
I think it's going to have to wait for the next life. Andrew gotcha,
Okay, I haven't either. One of these days, I'm going to
get somebody who says, yes, I didn't know this, but more people
die going down Mount Everest than going up. Now. When I first heard
that, I'm like, what, that doesn't make any sense. But as
I discovered more, you know, when you're going up the mountain, you
know you wake up early at base camp. You ate your weedies that morning,
you've got your eye on the prize. You're excited. You get to
the top of the mountain, you plant your flag, and this is where
all the mistakes happen. You know, you stay up there too too long,
you take too many selfies, you get outageing sickness, and then you're
disoriented, you're tired, you slip on a crevass and you end up passing
away. And the fatality rate for climbing Mount Everest is about four percent,
which is brutal. Well, saving for your future, we'll call a retirement
is a lot like climbing Mount Everest. When you're going up the mountain,
Okay, this is your accumulation years, your twenties or thirties or forties or
fifties, maybe even into your sixties. Right, you're saving money. You're
putting it in the stock market. You're kicking butt. And it doesn't matter
if the stock market crashes. Why because you have time to recover and time
to recouprate. You've got a paycheck coming in. You're good. But as
you get towards the top of the summit, this is where the mistakes happen,
and going down the mountain. This is your decumulation years, where you're
enjoying what you've saved and Carrie, this is where all the mistakes happen.
And I often tell people that the shirpah quote unquote, or the financial advisor
or the way of investing that got you up the mountain is rarely the right
shirba or financial advisor or way of investing to get you safely down. Why
going down the mountain takes a different skill set. You know, most people
have financial advisors in those accumulation years, and they're good at growing your money.
The wealth management guys, that's important. It's good, right, Maybe
you're doing it on your own, that's awesome, But as although it's good,
it's often incomplete on the downhill side of the mountain because there's more pieces
of the puzzle that you've got to consider. For example, you need to
have long term care planning. Seven out of ten people will find themselves in
a long term care situation before they pass. What about a state planning.
You know, you saved your whole life, you worked hard, how are
you going to pass it on longevity risk? What if we have another lost
decade like we did in the SMP, where if you parked one hundred thousand
in two thousand in the SMP, you didn't see that same hundred thousand until
twenty fourteen. That's fourteen years of lost time because we had two crises in
there, the dot com bubble, global financial crisis. So how are you
going to factor at all tax planning? Right? You may see a couple
million bucks in your IRA, but the IRA is an io you to the
irs. You don't get to keep all that money. So having a strategy,
then we go to the lovely inflation, how are you going to keep
up? Right? What about required minimum distributions at seventy three? Right in
twenty thirty three, you'll jump up to seventy five. So if there's inflation
that you're dealing with, and the market happens to be down, and then
the irs Uncle Sam says, Carrie gets time to take out two hundred grand
and pay taxes on it. If the market's down, you realize the loss.
So there's going to work to the puzzle than just growing your money.
And that's where we want to help help our clients. Okay, so how
do we do this here? How do we get this done? How do
I push these goals. Yes, it's a great question. So I discovered
a strategy. This may blow you away by reading a story in the Book
of Genesis. It's actually the story of Joseph in the Bible. Many people
are probably familiar, whether they believe in God or not. It's a fascinating
story. And there's five principles in that story of Joseph that we base our
entire firmon. And you know, there's that old saying, if it's new,
it's not true. If it's true, it's not new. This is
thirty five hundred year old wisdom that stood the test of time. But one
of the strategies in there, we call it this silo strategy. Okay,
imagine if you would, that you're looking at for silos right next to each
other. The first one on the very left is safety or emergency fund.
Okay. The second one from the left, so the one immediately to the
right is income, the one the third one to the right is growth,
and the fourth one is long term care slash estate planning. Okay, we'll
go back to the first one, and it's in order of importance from left
to right, So safety is the most important, then income, then growth,
then long term care slashes, stay planning with safety. On a typical
portfolio, you want to have five to ten percent of your overall portfolio invested
in something liquid safety, you know, checking saving these money market so to
use round numbers, to use easy math. If you've got a million bucks,
you want to have at least fifty to one hundred grand in a checking
your savings account that you can get access to in a pinch. Right,
if Fluffy gets sick, it's a big deal. The heating and air unit
goes out, the transmission explodes, whatever, you need access to cash.
But once that five to ten percent is good, then we go to income.
Now again, you may be retired for thirty to forty years. Maybe
not us guys we die early, but our spouses, right, they may
be retired for thirty to forty years. They need an income that they can
count on. So fifty to seventy percent of that overall portfolio is going to
be ear art for income. Now, this could be social security. This
could be not as well, call social insecurity, I mean talk about that
later. But real estate, income, pensions, you know, annuities,
whatever the case may be, is providing you at income you can count on
fifty to seventy percent. One stat is satisfied and you can count on it
covering your bills, your fund money, and any sort of gifts or donations,
benevolence, whatever. Then you go to growth. Now this is going
to vary depending upon the person and their risk tolerance. This could be ten
to twenty percent. Okay, now this one you can be a little bit
more risky with it because if the market crashes, it's all good. You've
got a steady income coming in that you can count on. Right. And
then finally long term care slash death benefit. This one varies the most depending
upon your goals, dreams, desires, conserves, and objectives. This is
zero to twenty percent. So safety, income, growth, and estate planning.
When it comes to income, we want to make sure that your income
is going to increase to help offset inflation. We want to make sure it's
in the safest institutions in our country. We want to make sure it's got
to proven track record and it's been around since the dinosaurs, and we want
to make sure that no matter what happens in our economy, barring armageddon,
that is, it is predictable, it's reliable and you can count on it.
Once that's achieved, then the growth you can be more risky. You
can put it in the S and P, you can put it in bitcoin,
you can put it in high risk investments. It's okay if you see
some fluctuation there, because you're not going to be living under a bridge because
that income's covering everything. And then find if you have more disposable income.
That's long term care slash of state planning. Obviously, there's many strategies that
you can utilize, but when it comes to retirement, which is who we
usually deal with, that is a silo strategy that we base everything upon,
and it is bulletproof. If we provide a written down income plan, we
factor in a one third reduction in social security. So Olivia Mitchell, who's
the foremost expert of social security in our country and really in the world.
Other countries have their own version of social security. They don't call it that.
Of course, all the Nobel winning economists point to Olivia as the expert
of experts on that program. What's her name again, Olivia Mitchell? Okay,
and she's in my first movie, The Baby Boomer Dilemma. But Olivia
Mitchell talks about how because of the mismanagement and bad stewardship of social security,
which guys it is a full blown by definition Ponzi scheme. You know,
you know Bernie Madoff does it as a high at a high level, he
goes to prison. When you do it at a gigantic level, you get
reelected. It's ridiculous. So social Security, because of again our demographic issue,
they we are going to see We weren't going to see a one third
reduction in twenty forty, well then it got bumped up to twenty thirty five.
Now, when we filmed the movie a couple of years ago, it's
twenty thirty four, and today it's twenty thirty three. Barring massive reform,
we are going to see a one third reduction in social security. How is
that going to affect everybody here? Social Security is a big piece of the
puzzle when it comes to retirement. So one of the things that we do
is we're going to create a Social Security stop gap fund. And what it
does is it it's a bucket of money that you put aside, that it
grows, It bakes in the oven at a very nice rate, typically around
eight percent. And then if and when that happens, you can turn this
sucker on and you will not experience any reduction in standard of living. Fact,
in many situations you'll actually make more. So again, not to be
mister doom and gloom Debbie Downer, but social Security is going. It's headed
for a cliff carry and unless you know, we hope for the basketball,
we prepare for the worst. You know, there's that old proverb A prudent
man foresees calamity and prepares himself for it. But the simple move forward and
get punished. And so we want to make sure that everybody's in the know,
that they're aware, so that they can prepare. Hey, I got
a question for you, So you know, based upon what you're saying here,
with the Social Security, you know, a cut and I don't know
if we cut it through inflation or they actually cut it, actually cut benefits.
I just can't see him doing that. But I guess if you don't
have a choice, you'd have a choice. Yeah, do you take the
maximum you can get now? Yeah? Do you wait till you're seven in
a few years so you get thirty percent more? It's a great question.
I'll give you two answers. Uh to address the first portion of the question.
There's really only three, well there's four. There's four ways they can
solve this problem with social security. Number one, raise taxes. That's highly
unpopular. It's a political hot potato, and so nobody, you know,
they kick the can on this thing, right, no one. That's not
a way to get reelected. So you get raise taxes. Number two,
you can you can extend the full retirement age, which, by the way,
we saw what happened when they did that in France. They about burned
the country to the ground, right, right, that's not popular. They've
done it. They've already done it. Though. It used to be sixty
five. Now it's sixty six and six months, and it goes up a
couple months every every year, right yeah, and it's actually sixty seven,
so it's it for depending upon your age, you maybe you know sixty six
and six months, eight months, nine months, but the full retirement age
moving forward to sixty seven, well, they may have to bump it out
two years to solve this problem. Well that's two years, you know,
and most people at sixty seven don't want to wait till sixty nine. So
they can extend for retirement age they can raise taxes, or they can lower
cost of living adjustments, which again don't help, which they've done that as
well. They've done that for years already. It's you know, their definition
of inflation forget it. Yeah, so it's non key and then it's in
arrears. Right. So we saw this with COVID when we had nine percent
inflation at the peak and they didn't adjust the cost of living adjustments for almost
entire year. So for a year, all of the Social Security benefits were
being devalued in because of a nine percent quote unquote inflationary rate. And it
wasn't until the following year that they finally got that cost of living adjustment.
So again for that year, you kind of got that's screwed again. The
fourth reason, before I go off on a tangent and my frustration with so
security, the fourth way you could solve it, and it's actually a pretty
good idea, and Donald Trump, love him or hate him, you know
he did come up with this is you could start being a net exporter of
oil. We have so much natural resource in America that we could actually solve
that problem with social security and fund it by exporting oil. Drill drill,
drill. Now, again, that's unpopular with a lot of folks, and
it you know, who knows if that will ever happen, but it could
solve that problem. Again, there's a lot of obstacles in the way.
Now, that was the first my first answer. As far as practically when
changing claim social Security, here's a really good limus test. Okay, if
you are the quote unquote primary breadwinner, which means you make more to Social
Security. Maybe your spouse works, but you end up making more over your
guys' career, then it is more beneficial for you to wait until at least
full retirement age to claim social Security. Now, your spouse, she can
turn on her social Security and again you need an expert, you know,
we can help you with that. But your spouse could turn it on at
sixty two and then, depending upon how big hers is, she could actually
get the spousal benefit, which is half of yours at sixty seven. And
there's some strategies there. But here's the math. Okay, as long as
you are going to live past age seventy nine, it is more beneficial for
you to wait until full retirement age. Now, the mortality rate today in
America for males is eighty four, and for females is eighty seven. So
as long as you don't have a chronic illness or everybody in your family died
in their sixties, it is better for you to wait until full retirement age.
If you're the primary breadwinner, you end up that's the break even point.
You end up making a lot more, not just for you, but
for your spouse if you wait until full retirement age as the primary breadwinner.
Now maybe you're a single individual and so you would be the primary breadwinner.
Of course, you do want to wait until least sixty seven. You don't
have to wait till seventy. You end up getting you know, eighty percent
more per year from sixty seven to seventy, but you're just getting paid on
the back end. It's no more of a big you know benefit. Sixty
seven is the number? Okay? Interesting, Yeah, well so sixty seven
or sixty six and whatever months, but call it sixty sixty seven. But
if there's really a forty percent cut coming, it is this forty right,
thirty three, Yeah, in twenty thirty that's only sixty is away now and
right, so it's twenty thirty three, and it's a great point, Carrie.
You know, the sentiment is, well, maybe I should turn it
on at sixty two. You know, I paid into this for super long.
Let's get it while the getting's good, you know. But the thing
is is, even if we have a one third reduction, which we're planning
on it happening. Most advisors, in fact, I've never met another advisor
that actually I've never I've talked to dozens on this show, hundreds maybe over
the years. No one ever said they're going to cut. Yes, well
that's what That's one of the reasons we're different is we're factory in the worst
case scenario, so and we prepare for it. So if it doesn't happen,
it's rivers of gravy and retirement. But having said that, the sentiment
can be, well, I'm going to turn this on. It's going to
get cut by a third. Yeah, I have the benefit now, but
if you do the math, one third of a watermelon, you know,
a one through reduction of a watermelon is still better than a one third reduction
of rape. Right, you still won't end up making more if you defer
until sixty seven or four retirement age, whenever it may be for you,
Right, I still defer that. Yeah, that's a given. You should
always defer. But the real question is do you take it sixty seven or
do you take it at seventy and get the thirty percent benefit? And if
we assume that you are correct, all right, and we have no reason
not to because it's obvious to many of you out there that this is in
fact coming here, right, If we are in fact the ten year is
going to take a one third hit. The question is, and you're going
to be assuming you're going to live longer than ten years, you could get
your full retirement now or wait three years? What's worth it? That's the
question. Well, and this is where the stakes are not so high.
As long as you made it to full retirement age. It's preference. Right.
So if you're still working, as an example, and you've got a
bunch of money coming in and you don't want to get taxed on the Social
Security because by the way you're going to you can get taxed on your Social
Security and come up to eighty five percent of whatever Social Security pays you,
so you get double tax. It's a joke, it's ridiculous. So if
you want to defer that, if you're making six figures, multiple six figures.
You know your spouse is, you know, still working. Maybe you
don't need it. Yeah, I defer it. That's fine, but it's
not it's not going to make or break the overall equation. You made it
till full repowerment age. If you want to turn it on, would you
benefit from it? Would it provide more peace of mind? Great? You
know you have the green light for me because at least you made it to
full retirement age. Beyond that, that's more preference. Yeah, all right,
all right, Well, hey, wech covered a lot of it early
here. Andrew really appreciate your insights mind. Why don't you tell us where
we find you, how we connect with you on the web. Yeah.
So, I actually have an offer for every listener. If you go to
No More Losingmoney dot com No More Losing Money dot Com, you can get
access to three out of four of my books. Uh, and then you
also have access to one of my movies, The Retirement Deception, which is
a wonderful film. It goes over the story of my mom and many others
across the country who have obtained the retirement of their dreams. There's no actors,
there's no lines, we fed anybody. It's just good people like you
and me who are living a dream and what they did to obtain that retirement.
So no more losing money dot com or you can check on my website
at Retirement Renegade dot com. Retirement Renegade dot com. All right, hey,
Andrew, one other thing. Real estate. Yes, housing crisis exactly
when we're talking retirement, that is going to be people's largest asset generally.
Yeah, hopefully you've had a mortgage for a while, you paid it down
or you bought it for cash when it was really cheap, and now at
the latest housing price inflation, presumably the value of your home's really gone up.
Yes, what do you do with that? When? Do you like
get rid of the house? Yeah? Downsize and is it worth it if
you've got to get a mortgage anyway? Now? Well, also, I'll
tell you this, I am a gigantic fan of real estate. I am
buying as much as I possibly can. We bought about five and a half
million bucks in real estate last year. We'll buy twenty more renolds this year.
Huge fan because it's a tangible asset that typically keeps up with inflation.
Now where I'm at in the Nashville area. This is a booming area,
a booming area, and so that demand is driving prices up. As far
as when you're retired and let's see, you're sitting on a ton of equity.
You know, that's a complicated conversation. You know, most people in
my area the average house is one to one and a half million, and
so most and most people have it completely paid off. So it's like,
well, you could downsize, but where youre going to go, right?
I mean, we live at such an amazing area. Maybe you drive an
hour into town and you buy a house for four hundred grand and you pocket
the million. You could do that. But wealth is really built on holding.
It's it's it's long term holding. You know, even even renolds,
which most retirees you know have dabbled with at some point in their life.
You don't make money on the cash flow. Typically, that just allows you
to hold on to it for longer. The money eOne else to pay the
debt if there is any debt, right, that's right. But the real
wealth builder is holding it so that it can accumulate. You know, in
our area, real estate's accumulating at eight to ten percent, which is unbelievable.
You're going to beat inflation there so, but if it if it keeps
up, that's the big if, right, Yes, yes, but I'm
a huge fan of real estate. Okay, Hey, we'll leave it at
that. Ah kl at Carrie LUTs dot com. If you have any questions,
link to Andrews sites in the show notes to this interview on Financial Survival
Network dot com. Please sign up for your free newsletter Andrew really a pleasure.
We're going to have you back. You're on our list as a retirement
Expert extraordinaire and we'll talk to you again real soon. Thank you, Thank
you, thanks for listening to Carrie Letz's Financial Survival Network, your solution to
today's trying times. For the latest, go to Financial Survivalnetwork dot com.
Financial Survival Network now more than ever.