Hell they really haven't gotten any traction here anyone that they've reached out to has defied subpoenas that's where Sandy comes and he showed up and they're hoping to get some answers on whether or not there were any red flags in the o.m.b. President Trump has pardoned 2 u.s. Military members and reinstated the rank of a 3rd with all 3 accused of war crimes correspondent Ryan Brown doing so he overruled the advice of his senior military commanders and defense officials who are worried that this decision could have a negative impact on good order and discipline as well as potentially undermine the you Sanjay that's the Uniform Code of Military Justice System however the White House saying that President Trump as commander in chief has every right to make these types of decisions president meanwhile is at Walter Reed Medical Center this afternoon for what the White House says are medical tests as part of his annual physical rank and file employees for a major automaker have Ok to deal members of the United Auto Workers union at Ford Motor Company have voted to approve a new contract with the company the union said in a statement that 56.3 percent of workers who voted were in favor of the deal the 4 year contract reached October 31st gives workers a mix of pay raises and lump sum payments as well as a 9 $1000.00 ratification bonus the deal similar to one ratified by General Motors workers after a 40 day strike I'm John Pop I'm in Kate's. Right . Video $798.00 a.b.c. News at one o 2 I'm Steve cumming several firearms that were found in the homo Santa Clarita shooting suspect Nathaniel Byrd How are being examined l.a. County sheriff Alex view on the way those surveillance video of the shooting at Sawgrass high school appeared to show a premeditated attack the way he was firing his weapon he was counting his rounds it appeared he knew exactly what he had you know bringing that weapon on campus to begin with It wasn't a spur of the moment act we in the way of also say. Some of the guns of bare house home were not registered other firearms were registered to his late father most of the major Democratic candidates for president are in Long Beach today to take part in a voter forum as part of the California Democratic Party's fall indorsing convention senators Cory Booker Kamelot Harris Amy club a char and Bernie Sanders South Bend Indiana Mayor Pete booted judge former u.s. Housing secretary Julio Castro philanthropist Tom Styer and on her partner Andrew Yang will all participate in the forum held at Long Beach Arena at 4 pm k b c So cold weather mostly sunny for the rest of the afternoon with highs in the mid seventy's at the beaches to upper seventy's and lower eighty's in Woodland Hills is 86 degrees Santa Ana has 74 downtown the 70 get I'm Steve cumming No look at Kate a.b.c. Truck Ok a.b.c. Dependable traffic right now in Anaheim Hills $91.00 westbound right at the $55.00 an accident has taken up the middle lanes of the roadway and that's causing delays leading to Santa Ana Canyon from where canyon down to the $55.00 coast a major freeway traveling by the westbound on the 91 it Einar Boulevard Apache is not in lanes is clearing off the right hand shoulder you have solid delays on the west 91 from not to the 6 o 5 freeway stop a curb area for a 5 northbound at Rosecrans It's a crash it's in the left hand lane leaving the South they area you're slow on the 4 or 5 northbound from Crenshaw up to the 10 at of course the Santa Monica Freeway in West l.a. Your next report comes your way at 2 o'clock I'm Mike Morris am 790 k. A.b.c. . This show furnished by money matters with Cameron The following is paid commercial programming with 3rd party rankings are no guarantee of future investment success planning we talk about the stock market China trade wars we talk about Social Security we talk about estate planning you name it we talk about it and we try to have more fun than a human being should be allowed to have when talking about all of this boring financial stuff and. There's no doubt and this week is going to be no exception because we have an absolutely fantastic show lined up for you but before we go one step further let me introduce myself. The host of Money matters with Ken Morris I have been a certified financial planner professional now for the last 20 marvelous wonderful and very exciting years and all of the ideas we talk about all of this show these are the very same idea as we talk about with our beloved and most valued client. It's and since our firm is a firm to specializes in retirement planning our clients are primarily people who are over 50 who are retired or retiring soon so if that's you. Then this show is designed for you and we hope that you'll stay tuned for the entire program so let me go over with you we're going to talk about on this our weekly excursion into the land over time and planning So 1st of all as you may have noticed the big news last week was that apparently we have Phase one of the trade agreement with China it's just the final touches are getting put on and so we'll talk about what that means so right now the markets seem to like that we saw the s. And p. Go up on all that news but and new all time highs and everything like that but. If you think about the track record of Donald Trump if he suddenly decides he's not happy about something he walks away right he did that with Kim Jong un and the North Korea thing so we'll see we'll talk about how that will play itself out in our opinion and we don't. See the end. Of a new failure to communicate I agree with that so also one of the things that we talk about with clients is when when they retire and they want to get income from their investments to support their lifestyle is tax efficient strategies to do that Ok because you may have your Ira you may have a 4 a one k. You have may have taxable accounts you may have life insurance you may have a new eighty's you've got all these different places where you might have some money and you want to know you know where do I get it from 1st we're going to get it from 2nd you know what's the order of events so as to be tax efficient So we'll talk about tax efficient tax efficient strategies to get retirement income later on in the show and also as we do every week we entertain questions and we endeavor to answer those questions so this week we've got. 3 maybe 4 questions if we have time to get to them all on social security strategy planning and help you to make some proper decisions with regard to how and when to take Social Security and all that kind of stuff now also because we work with people who are retired or retiring soon our philosophy of how to manage their money and all the stuff that we do is very conservative we want to preserve principle because that's the engine that's going to drive your financial security for sure but also the income that you're going to get so protecting your nest egg protecting that base is very important and because of that we have a strategy we call invest and protect right which means that yes you should buy yes you should hold but also you should have a strategy to get out and protect what you've got in the event of a bear market and of course as you guys know our strategy told our clients to get out of the equities in November of 2007 before the crash of 2008 and didn't say to buy you have to buy a strategy as well until June of 2009 so for a year and a half we were counseling our clients to stay out during all the carnage that happened there but this is a I would say a non traditional view of how you invest because the traditional thing I believe is buy and hold right you buy a quality bunch of investments you rebalance them in your job's done we don't believe that we think there's a 3rd component which is you need to have a strategy get out of dodge right now in my book by hold and sell by hold myth number 3 is one of the misstep I have seen many times to convince you not to sell to stay in to buy and hold and that is don't be the fool who sells at the bottom Ok because many studies have shown that people tend to wait until they've lost so much money they can't take it anymore and then they sell and usually that's at the bottom and then you know they've consolidated all those losses and that's a bad thing and I agree with that. But that's not the point so we'll talk about how not to be the fool who sells at the bottom and still have a strategy to hopefully protect you from the downside at the same time so we'll talk about that one later on in the show as well and you know what Jack most shows would actually stop right there most shows would say you know what if we did just that we have done more than our listening audience could possibly want from a financial show. That was that was that was me my 1st day on the job as a financial advisor I showed up in my law and cloth when I was all buffed out you know full of vim and vigor they sent me home though they said that are not appropriate attire but anyway most of us would stop this so do we stop there of course we don't we boldly go where no financial show has gone before and therefore at about 10 til we're going to have our State tip of the week and this is when we talk about how to pass on to your greedy unwashed undeserving heirs the fruits of your labor and that's called estate planning now this week we're going to talk about the stretch Ira Ok so this is how you can leave your Ira you know your if your rollover your 4 a one k. Into an Ira you can leave that Ira to your to aforementioned greedy unwashed and potentially perpetuate it throughout the rest of their life and it can be very tax advantages to them so they'll really thank you for that. But I guess you won't be around the thank you posthumously in spirit so we'll talk about that at about 10 til So we have a great fantastic incredible show lined up for you but before we dive into is what I tell you my middle daughter celebrated her 26th birthday now I'm 26 so I don't know how it works that you have a 26 year old daughter when you're 26 Ok it's like it's not possible it's. It is a dyslexia. It's true. It's true it is dyslexia because I'm 62 good shot nice jacket that's funny but anyway we went to New York because she lives of there to help her celebrate her birthday and you know we were there for 3 or 4 days and let me tell you something New York is a wonderful city to visit but man you have to compete for everything we want to go have brunch there's like 8000 people fighting over one table everybody's in line outside you can't make reservations and it's 1st come 1st served and it's like oh my gosh and so then if you don't like that then you go another place do the same you want to go to a show you have to compete with everybody it's a battle to get anything in New York and I don't know it's a little stressful for me I don't think I'd like to live that you know they say that New York is a place for young people or rich people. Everybody in between now for you anyway so let's talk about phase one of the trade agreement with China and so you know one of the things that it appears right now all the talk that we hear from the Trump administration and from the Chinese is that you know the Phase one is apparently moving in the right direction and everybody seems to be on board and it looks like we just have to iron out a few things and we should have a deal on phase one Well my question I've got 2 on that one maybe more the 1st one is well how many phases are there Ok like is this phase one of 20 is it phase one of 2 I mean what is it so we don't know but it's phase one so that's at least a move in the direction of whatever the end number is so I guess that's that's a good thing from the markets perspective but the other thing also is the unpredictability of Donald Trump you know I mean yes we're we're we're moving in the right direction and everybody seems to be hunky dorey but as he's shown with you know negotiations with Kim Jong un and with the Europeans and others that you know at any moment he could decide hey you know what you guys aren't progressing the way I want you to. I'm out and he just leaks and when that happens I think we could see the gains that we've seen here in the last week or so disappear just as fast as they came now having said that if I were to say and look in my crystal ball and say a year from now will we have a trade deal with China I think so I think there's there's a huge beneficial electability factor to having a deal with China that Trump will want to exploit I think and so I think if that happens right now the global economy because of the tariffs because of all the stuff that's going on the uncertainty the global growth. Projections have been lowered right because of that now if the tariffs are removed those projections will then be elevated and if they are raised then we believe that the markets around the world will respond very very positively to that so we think the market will be a lot higher a year from now than it is today but we also believe that between now and then it could be a very bumpy ride you know so fasten your seat belt Donald Trump is unpredictable and therefore if he changes his mind or something happens we could see the market go down and so but stay the course Ok we think we think a year from now we should be better than we are today now if you are retired or retiring soon then I want to talk to you about we have seminars near you that are designed for those of you who are over 50 and at the seminars we talk about do you have do I have enough money to retire and we call that your magic number so if you come to the seminar we're going to help you to calculate if you have enough money based on our calculations to to retire Also we're going to talk about 5 strategies that you can use to reduce your income taxes Ok maybe worth a tennis just for that we'll talk about how do you maximize your retirement cash flow you know in talking about when you retire you're in the business of getting income right you don't have your wages anymore and so we want to show you the best ways to get cash flow we're going to talk about your 4 a one k. Should you roll it over or not diversification Also we're going to talk about Social Security she take it when you're 62 when you're so. 670 we're also to talk about the fact that the i.r.s. . Yeah those guys they want to tax 85 percent of your Social Security benefits did you know that 85 percent we want to show you how to beat that if it's at all possible and of course we're going to talk about how to protect yourself from the next market crash if it's if that's what you're interested in learning more about so go to our Web site as our p o a dot com r p o 8 dot com and sign up for the seminar near you if you can hear my voice there's probably one within the few miles of you right r.p. Oei dot com All right we're going to take a break we'll come back and talk about tax efficient strategies to get retirement income so stay tuned this is money matters and I can write retirement should be one of the best times of your life and it can be as long as you're not worried about money join us at a free retirement planners of America seminar and we'll show you how to protect and maximize your retirement savings so your money lasts as long as you do these register for an upcoming retirement seminar next seminar Saturday November 23rd at the Ayres hotel Manhattan Beach register by going online to r.p. Away dot com whether it's attending one of our free seminars or meeting a retirement plan or at one of our local offices we would love to learn more about your retirement goals when it comes to finances if it's important to you then it's important to us so if you're already retired or planning to retire soon call us today at 809940302 or visit us online at our dot com retirement planners of America we're dedicated to giving you financial peace of mind learn more at r.p. Away dot com The great thing about facts there prove it like the fact that crude oil contains impurities have been soiled made from metal gas is 99.5 percent free of the Puritans and the fact that Pennzoil is the person that motor oil made from natural gas not crude oil it gives you unbeatable engine protection. The proof is in the Pennzoil. Sequence for a word to us using as the 3rd. Rude to. Whatever reaction you're looking for this holiday spread more joy with holiday cards calendars and thought it gets from this difference and now you can get up to 50 percent off all holiday cards and calendars at this different dot com Discover cards in the latest trends or family calendar with your favorite photos the make more merry at this different dot com with up to 50 percent off all holiday cards and current areas plus great deals on thought it gets just in to code how do you think the a checkout that's vistaprint dot com Holiday 50. Dollars I . And we are back this is money matters with Ken more right than of course I am your host. Thank you Jack I have been a certified financial planner professional now for the last 20 marvelous wonderful and very exciting years and all of the ideas we talk about on the show these are the very same ideas we talk about with our beloved and most valued clients and I am a senior retirement plan or at our firm which is retirement planners of America and in the Financial Times recently named our financial advisory firm one of the top $300.00 registered investment advisors actually this is the 3rd time they've done that we're very proud of that designation but without our beloved and most valued clients we would be nowhere And so if you are retired or retiring soon then we would love to meet you and see if we can help you and our website is our p o a dot com retirement planners of America dot com All right now we're going to talk in this segment about one of the most important things which is getting income during your retirement right so once you retire in theory you're not going to have waged. And so at that time you want to replace your wages with the income you're going to get from what you've saved up and invested over the years and so when you've done that it's probably a situation where you have money that is in taxable accounts meaning that you pay taxes as you go as your earned dividends and capital gains etc You may have accounts that are your Ira account that you've accumulated money and over the years you may have a 4 a one k. Plan or a pension plan or a profit sharing plan you may have a new ities a lot of people have that you may have life insurance and you've accumulated cash value and so you have these different places where you have money and each $1.00 of these can be can have tax treatments that are particular to them and so how do you organize all of that into a game plan to pay the least amount of taxes to get your income because if you get the least amount of taxes then you retain more of your money as opposed to sending it off to Uncle Sam You know I was talking to somebody other day the youngins when I was up in New York and I said Uncle Sam and they looked at me like who's Uncle Sam. I said it's your own call they're like no that's not my uncle say yeah you have an Uncle Sam They're like no I don't. So I guess is it was right I guess as the World War 2 when they invented that but anyway so let's talk about the tax efficient way so 1st of all what you always want to remember is that you want to go to the least taxed one 1st in our opinion so our strategy with clients is we want to defer defer defer right want to pay the taxes as late into the future as possible now unless you anticipate that when you're in retirement you're going to be in a much higher tax bracket but that's an uncommon occurrence usually what happens is when people retire they drop into a lower tax bracket Ok So generally speaking you want to take from the least taxed ones 1st. And then the taxable ones late