All right, we are about an hour away from Dwight going on a vacation.
When he starts tonight in a luxury box with Alex Romundo drinking tequila at
a Bats game. Yes, so look out Louisville. He's staying in town
for his vacation. But first of all, for this hour, I want
to say thank you to Mary and Paul. That's right, Big Paul,
my dear friend, Big Paul. Paul used to own Fat Daddy's motorcycles,
knowing the guy for decades. Navy guy too, davy Navy guy veteran and
his beautiful wife Mary Ellen, who could quite frankly do better. But he
said, he said, please don't thank us on the air. So here's
sorry, too late. So here's why I'm gonna thank you, Big Paul
and Mary Ellen for matching your donation. Yeah, the crusade for children.
God just good people. Yeah, I will tell you this. Plus,
I was talking to Paul, and Paul goes, you know what, I
don't trust anybody, and we needed to do something with our money. He
said. He came to Mercurial Wealth Management, actually met with Troy, and
Troy told me he disclosed that during the meeting. He goes, I don't
trust anybody. I'm just talking to him right now. He goes, Look,
this is the best thing we've ever done with our money. I got
to tell you to get in here, Troy. That's real life endorsement.
It's right here the lobby and Big Paul. You know him. He doesn't
bs. He's an intimidating guy. Paul is the names fly chest. So
that's a that's a pretty good endorsement. Yeah, coming in here. Doesn't
trust anybody, But now he's touting you as he told out here, to
his words exactly he told me. He goes, one of the best things
I ever did was get up with you guys, meet up, have a
meeting, and then transfer his money with you. That feels good, right,
you know, that's one of the best feelings. We have as financial
planners. We put a lot of back end work into the planning, a
lot of stuff the clients don't see. They see the proposals, they see
all the planning stuff, but they don't see all the hard work that we
do in the back room with all of our team. They usually Alan myself,
one of our new advisors, Ashley Rose, that we just brought on
a month and a half go. They see us, we're kind of a
face, but they don't see our team and how hard we work on everything.
But to hear clients say that, yeah it's pretty, it makes you
feel good. Yeah, you know. And again the older you get,
the smarter you get when you start talking about I've got to start planning for
this. And we talked to Alan earlier in the show. Again we're at
Mercurial Wealth Advisors. The location is Paragon Place across from PF Chanins. The
parking lot will be open tomorrow for a shredding event. If you have documents
you need to shred, don't pay for it. They're gonna pick up the
tab for it. Come on by and they'll have some barbecue ready for you.
But we talked to Alan about that on how you need a coach and
who do you want to coach? And I used I use the opposites,
you know. I used Nick Saban and Craig Thorp. There's not that much,
you know, there's a lot, you know, And of course I
made Alan nick Saban. He was happy to hear that. But you do
need someone. Everyone knows the plays, but when do you call the plays?
Is the weks, the good coaches and the bad coaches. Having an
advisor is almost a must have when you get to a certain age. Well,
it's having a coach for almost anything you do. When you came in
today, you mentioned that, look like I've dropped a few I did right
when I walked in. I've been trying to lose weight since Heck, I've
got married and now three kids. Through it, I gained a lot of
weight. Right. The only way I could figure out to do was hire
a coach. Hire somebody it's gonna tell me what I need to do and
hold me accountable. And it works. Same thing with the retirement planning coach.
It's we get to look at your situation. I mean, look,
you've done the hard work, You've saved all the money. Maybe you have
an advisor that's helped you get to that point. But now, how do
you take money from that plan? How do you take income tax efficiently?
Not pay Uncle Sam too much money? Because we all want to stay legal,
make sure we're paying as much as we have to. But we know
Allan talked about earlier, taxes are probably going to go up. I think
we're all in agrance with that, right, most of our money is and
pretex it'll go down. And the most untaxed money that we have is retirees
because you have the four one case and it's all untaxed money. And when
are you going to take that when you retire? And I'm glad you brought
that up, because what you all do here at me Curia is you help
plan for retirement and you say, hey, I want to retire this or
that. You guys can actually tell them when you can retire comfortably. But
my dear friend that just left here, Big Paul and his wife Mary Ellens,
he said that moving his money to you all was one of the best
things you ever did. But then this caught me. It just struck me
funny, but it's true. He said, we're retired, so we're not
making any more money unless we give it to you guys to make money for
them. So it's not just if you're planning no retiring after retirement. If
you're retired and going to Mercurial Wealth Management, you you all can actually help
them with their income. And he said, you've done that in a big
way. A lot of people think after they retire, that's kind of the
end of the game. Right, that's halftime, guys, that's halftime.
I mean, we look at it. You got the retirement red zone five
to ten years out from retirement. That's where planning gets serious. You can't
have any big hiccups within that timeframe, right. If you do another two
thousand and eight comes, it can push retirement out a few more years.
Yeah, So we're trying to make sure everything's set up prior to that.
But if you've already retired, reach out to us. Maybe you're missing out
on some opportunities. Maybe you could take income more efficiently, Maybe you could
do charitable giving a little bit differently. You and I talked about my oldest
son starting at Saint Patrick's. Your charitable giving can come out once you're over
seventy from your iras, completely tax free, and a lot of people don't
realize that because their advisors don't talk about it. That's what we focus on
educating our advisors. That's why we put on so many educational events at restaurants
around town or over a University of Louisville Shelby campus. We're actually doing some
tax classes over there throughout the summer. But we all right across the way
here. Yeah, right across the way, so that makes it easy.
It's right across the way from our office. But we're starting in women's only
retirement planning. Oh, it's a great idea. Ashley Rose, she came
over to us about a month ago. She's from a national company. We
were able to get her to come over here because she likes the family environment.
You know, when you're an independent advisor, you don't have anybody,
any big name, calling the shots above you, right, forcing things down
your throat. Right. We work for our clients, so we're able to
put them in the situation that best fits them and gives them the best retirement
planning. All right. The book by the way, written by you Troy
Bolton Retirement three sixty game plans, a playbook for each personal plan. If
you want to get a free copy of this, come on by today.
They'll have a copy for your tomorrow during the shredding event which is at ten
am to one tomorrow here at the Paragon Place. But call two seven three
eleven eighty eight. If you text, I'm sorry, text's the word book
book to five oh two two seven three eleven eighty eight two seven three eleven
eighty eight. They'll get you a book. But specifically my wife, I'm
not there yet, but she got into a point in her four oh one
to where she's now stopped putting into her four a one and she's moved into
putting her whatever twenty percent or fifteen percent into So she's she's decided, I
have this certain amount in four to one traditional four to one, and now
the wrath is different. It's where this is going to be taken out after
tax, So that's a much different A lot of people don't understand the difference.
They don't even understand that they have that option. So the fact that
your wife does, she's been listening to our radio show on so the traditional
four oh one k it's all pre tax money. You're basically kicking the can
down the road. You're gonna pay taxes on all that growth. Right If
we look at the wroth, you're paying taxes on the initial deposit. People
might say, well, I'm going to hire a tax bracket right now.
Are you where taxes are going? But if we look at that the wroth
four oh one k roth Ira, there's no requirementimum distribution at age seventy three
or seventy five, so you're not forced to take money out if you don't
need it's a huge one yet. But also when you take out that money,
it's completely tax free. So do you want to pay taxes on the
seed? Yeah, the harvest, that's right, that's right, And and
you don't know what taxes are going to be like exactly at that point.
So she's done and that I will probably end up switching over. But these
are the things you've got to talk about. And I go when I did
the show with you guys for years, the tax thing was almost every show
on you can really check the wrong box and where you don't have to and
waste a lot of money on taxes. Again what you said, don't break
the law, you pay your fair share, but also played by the rules
as take advantage of the rules too. Of no, you don't know that
if you have this, and if you don't have a coach, you don't
know that you have an option, Troy. It's all about education, knowing
your options. And a lot of people, a lot of advisors out there
are just money managers, and we were more financial planners, or we're focusing
on is educating our clients. I want to get back to the IRA because
I wish somebody would have. You know, when you're eighteen, you think,
well, that retirement it's never going to happen as far down the road.
But there's an example out there, and I don't have it in front
of me unfortunately, but I remember Dave Ramsey shared at one time where if
you're eighteen, if you put X amount of dollars in, they contributed.
I wanted to say till he was thirty, and then someone else started at
thirty. It contributed all the way to a retirement because of the IRA.
The eighteen year old that stopped when he was thirty. The ones that started
at thirty went to sixty five. Their fund's never caught up with that eighteen
year old. That's crazy about compound entry. It's compound. Yeah, that's
looking at it over forty fifty years. Yeah, the compound interest a tremendous.
My point being, if you're listening, if you're an eighteen year old
with your first job, that's one of my biggest regrets. It's whatever money
you have, whatever you wealthy you have, there's there's a needing for a
coach. Yeah, and there's I mean, if you think about when you're
eighteen twenty thirty years old. You're spending money on ridiculous stuff. Out of
course, put money on yourself, think about your future, self a little
bit, investing your family, invest in your future. I don't want to
work my whole life. Nobody does right. Well, some people do,
but well, some people have to have that disease. Let me tell you.
I worked with this jerk. I'll tell you off. I'll tell you
off. I'll tell you Troy, I will say this. Here's the other
thing they do, Dwight is everyone's vision of what they want to do in
a time is different. I want to buy a boat, I want to
travel, or like in Dwight's position, he would probably not leave Susan much.
He would probably create something for for his dog, like an account to
take care of your dog. You could even say, yes, this is
how much you're gonna need to take care of Lemmy until he dies, like
if you died tomorrow. He would have a personal handle handler and a chef.
Right and and you could tell him, Troy, you have enough money
to do that, or no, you you don't have enough money to do
that. You know it's possible. We have a client that's actually done that.
His wife passed years ago and his dogs were his kids, so he
ended up passing this past year and he ended up leaving something for the dogs.
It's all done with the state planning and making sure the teaser crossing the
as or dotted. So it's knowing your options, know what you can do,
and knowing what you want to accomplish with the money that you've saved.
That's what it's all about. And how much money can keep not give the
government yep. Yeah. And whether you're looking to get retired or this never
dawned on me. But if you are retired, there's a big need.
My buddy just now, Big Paul said it's one of the best things he's
ever done. And let me tell you, he goes over everybody with a
fine too come and a microscope and he said it just it still resonates with
me. He said, Look, we're retired, we don't have an income,
so we went to mercurial so we can have a larger income with the
money working for them. As I this trust issue thing and he's friends with
you. This is where I'm having a problem understanding that. Okay, what's
in this again? We are broadcasting live from Mercurial Wealth Advisors here at Peregon
Place, Troy Bolton. What is what made you write the book? And
then what is in this book? That's basically a book that it talks about
our retirement three sixty game plan. We focus on income planning, tax planning,
investment strategies and stories that we've went through, experiences that we've had over
our career to help people accomplish certain goals in their life. It's explains how
Alan got in the business, how I got in the business. Like you
said earlier, it's family owned business. Allen started over thirty years the same
incident kind of pushed us both in the same direction. So it's a very
good book. The biggest compliment I got on that book my English teacher from
high school no Way read it. She's actually a client. She read it
and she wanted to review with me. I was a little nervous. She
was like, you know what, it's one of the most well written books.
It's not pushy, and I love the way that you wrote nice.
So you got an a and that's not too my own horn. We had
some help with it, obviously, very good editors that helped us with it.
I'm getting a text message from the lake. Alan the Lake says that
Troy Bolton sounds like a nice young man and he had a great coach.
I had a bunch of good coaches, Alan Mercurial listening from the lake,
and I'm sure he's got the fish and pull out here real soon, Alan,
I mean, Troy, I thank you for inviting us out. The
show will be tomorrow on ten eighty No show this Sunday on news radio eight
forty whs because the crusade for children are great cause to pause the show.
And then the next following Sunday it'll be back on the air. But they
can find you at Louisville's Retirement Coach dot com. Call or text the number
book to textbook to two seven three eleven eighty eight two seven three eleven eighty
eight for the book and then or if not, just make an appointment at
the office and come see you guys. And it's an interesting journey. If
you're not at a point where you want to sit down and have a conversation
face to face, come to one of our events. Go Loisvills Retirement Coach
dot com. Check out our events. We have plenty of events that you
can come to It's not a high pressure situation. Learn about us, get
educated a little bit, and make a decision from there. Oh no,
no, that that's the least it is. It's pressure. There's no pressure
here at Mercurial Wealth Advisors. If this works out, and there's sometimes that
you've said, I don't know for good partners or whatever, it's not pressure
and Mercurial Wealth Advisors, that's not how they're built here, that's for sure.
Troy, thank you so much for search. I appreciate you and Troy
and listen it. If you want to save money so you can invest with
Mercurial Wealth Management, how about Southern Comfort hot tub. Baby, It's the
perfect way. It's the perfect way to end every single day. You want
the worries of the world of twenty twenty four to just melt away, Get
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and we get in that Southern Comfort hot tub and the world just goes
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the days where we'd have conversations at the dinner table we've been robbed in that
with tablets, cell phones, televisions. Reconnect with the one you love and
yourself cover hot tubs. Say you can't afford one, I want you to
think again, loved ones. I'm talking about hot tubs starting as low as
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Comfort hot tub. Seventy five oh one Presston Highway. Stick Around'm gonna check
out with Joan Donker one more time. Then it's this week in music.
It's all on the way, It's ready to wait. Forty wh as by
the way, birthday boy right here banging the drum kit. John Bonham would
have been seventy six today. Oh, that's why he was all over my
timeline this morning. Johnny Paycheck would have been eighty six today. Wow. Oh