B_S1E4_SEGMENT 4_BOSS BLUEPRINT BASICS

Speaker 1 (00:07):

Hi, and welcome back to the whiteboard this week. We're gonna go through what we call the scenic path at boss retirement solutions. And we've got a great segment here for you. So what we wanna do is we wanna disidentify in a very, very simple way, kind of what we want to do with the money and what path you want to be on. Because most of you out there, you're on one of two paths and I'm gonna identify the first two paths. The first path that most of families, when they come in and visit us is on what we call the freeway. Okay? Now on the freeway, the reason why we call it, the freeway is because on the freeway, this is fun. If we need to go somewhere, we jump on the freeway. We can get there very quickly. We're typically traveling at a high rate of speed.

Speaker 1 (00:52):

However, the challenge with the freeway is if we have a crash, we accept a lot of risk and it's not pretty. If there's a crash. So on this path right here, this represents what we would call the stock market. Okay? Now the stock market, when it comes to a financial vehicle, it can be very, very good inside of your portfolio. It historically, it's, what's gonna pay the highest long term return. And we definitely wanna have some portion of the money in the market if that fits your risk tolerance, but it's a way that we can have generate some great returns, but there's also some risk. Here's what you want to think about as I'm going into retirement, as I've retired, do I want to carry all of that market risk right here on my shoulders? The opposite of the freeway is what we call the walking path. Now the walking path can have a place inside any portfolio. And the reason why we want the walking path and why many of you choose to when you transfer out of the freeway, you go right to the walking path. This represents safety. And a good example here is this might be money that you have in the bank.

Speaker 1 (02:06):

And we see this a lot. So there's families that say, you know, I'm take, I'm taking on way too much risk. I don't want to accept the market risk. And they do exactly the opposite. They transfer everything into a stable value fund or into the, into cash account. And the challenge is, they're saying, I'm gonna try to time the market. I'm gonna see if I can beat the market. I'm waiting for the market to go down. And then all of a sudden it'll come, uh, back up and I'll put my money in the challenge with that strategy is none of us have a crystal ball, right? It's not like you can, can time the market effectively. We know that does not work. And so the walking path, the challenge that you're gonna run into here is you're, you're putting all of this inflation risk right on your shoulders, and you have to bear that risk.

Speaker 1 (02:50):

So, you know, either one of these paths, they have some good things and they have some bad things, some pros and cons, but what we really wanna do at boss retirement solutions, our goal is to help you get on the scenic path. And here's what the scenic path will do for you. The scenic path is right here in the middle. And I want you to think for a moment about your favorite vacation, where was it? What did you want to do? I want to think about if it's a, just kind of a, a slow Sunday or you want to take just a peaceful drive, where do you want to go on that drive for most families, they like the scenic path. You know, we have a legendary road in this country, uh, where, you know, it is route 66, that's kind of an iconic route.

Speaker 1 (03:34):

It was the scenic path that went through the country. This is where we wanna help you get in retirement. In fact, what we're gonna do is the, the we're gonna look at the criteria for the scenic path. What our goal is, is our goal is to transfer the risk away from you. If we transfer the risk away, we come more here into the middle and we, we take this risk of inflation. We take the risk of the market and we put it on a risk score. That's gonna match what your tolerance is. This is gonna help you feel that you've got a beautiful Vista that you don't have to worry about. The ups and downs that the next major market correction happens in, in Europe, or it happens in the middle east, or it happens right here at home. You know that you've got a solid and safe foundation.

Speaker 1 (04:19):

That's why we build on the blueprint, cuz we're gonna have a score that matches yours. We're gonna have an income plan. We're gonna have an inflation plan and we're gonna have a growth plan set up for you, which your customized strategy to help you build your optimal system of security. We use this scenic path as a platform to help you reach your goals, your dreams, and what it is that you wanna do for retirement. I mean, think about it. You've worked for the last 25, 30, 40 years or maybe even 50 years and you've worked way too hard to just let it go away with market risk or let it sit in the bank and have inflation. Be the enemy at boss retirement solutions. We're gonna help you get to and through retirement with confidence, we invite you to build your own scenic path, visit the website. If you want more information on this or come on in and start a conversation. We look forward to seeing this in

Speaker 2 (05:10):

You're watching retirement solutions, television Utah's retirement TV.