Has on the brain and how we can address this problem that's next Sunday had 5 pm on your right mind Talk Radio 798 b.c. Good night and take care. Of reading 50 years of King's hawk. 79 a k a b c. For you and I don't live on the 90 k. Z. . Angelenos spend an additional 80 hours a year behind the wheel to the traffic. And while we can't help you recall the time we can help you. By covering the stories that impact you in a smart clever and sometimes hilarious way think of us as The Daily Show only hourly a.b.c. Was county. Cumulus from the rally supporters drying off in Southern California I-Man Kate's president has held a campaign style rally tonight in Melbourne Florida where he told supporters at his travel ban on hold by the courts will return we will do something next week I think you'll be impressed Let's see what happens here's the bottom line we've got to keep our country safe you look at what's happening we've got to keep our country safe homeland security secretary John Kelly says the president is working on a streamlined version of his executive order barring residents of 7 predominately Muslim nations from entering the u.s. Southern California is digging out after a massive storm battered the region correspondent general streets are being cleaned up from tree and other debris flash flood warnings have been lifted flooded streets receded evacuation orders lifted potholes as eagles are quickly being filled in because come Monday more wet weather in a previously drought dry southern California the Pacific storm is taking aim at San Francisco and Northern California which face heavy rains and high winds I mean Cate's. President Trump has vowed to boost the Pentagon's budget but it could spark a battle correspondent Christopher current president from faces skeptical Democrats who support he'll need as well as resistance from some fiscal conservatives they oppose repealing a 2011 law setting firm limits on military and domestic spending some u.s. Commanders have said the spending limits are squeezing the armed forces so hard that the number of ready to fight unit. Is dwindling defense hawks in Congress have suggested a military budget of $700000000000.00 in fiscal year 2018 more money than any point when the Us was fighting wars in Iraq and Afghanistan Christopher Cruz Washington a woman whose legal challenge under the pseudonym Jane road led to the u.s. Supreme Court's landmark decision that legalized abortion has died in Houston at age 69 despite her role in Roe versus Wade Norma McCorvey switch sides in 1905 and became an outspoken opponent of abortion I mean Kate's. Talk Radio 700 k. A.b.c. News lot of a local at 4 o 2 I'm Steve Cummings the cleanup has begun across much of California following that powerful Pacific storm that turned deadly yesterday city crews along with emergency contractors are working to repair the 20 foot sinkhole in Studio City that consumed 2 vehicles Friday causing firefighters to rescue one woman trapped in a car repairs on the road could take several days to complete Hawthorne based space x. Scrubbed plans to launch a spacecraft carrying supplies to the International Space Station today officials posted a message on Twitter saying they plan to stand down and take a closer look at the positioning of one of the engines nozzles before moving ahead with the launch which would have been the 1st space x. Launch attempt from Florida's Cape Canaveral since one of its rockets exploded in December and in September rather they plan to try again tomorrow morning. And a break in the weather allowed at least 2500 and I trump demonstrators to gather at the park across from city hall to protest his immigration agenda early this afternoon about 20 pro Trump supporters gathered at nearby spring and 1st streets to voice their concerns checking sports in college basketball tonight u.c.l.a. Plays u.s.c. a Poly prevent the pavilion that starts at 7 in hockey action tonight on a.b.c. The Kings host before the Panthers at Staples that game starts at 7 with pre-game beginning at $630.00 looking a k. A.b.c. Traffic a signaller in Burbank on the 5 northbound between. Good way and son one Boulevard the 2 right lanes are closed due to a mudslide traffic is stopped back to point a Vista Street and delays are up to 30 minutes on the 105 eastbound at the 4 or 5 a car hit the center divider backing up stop and go traffic to suppose that a ball of our gay a.b.c. Weather watch a chance for showers this afternoon with highs in the upper fifty's to mid sixty's tonight mostly cloudy a slight chance of showers 20 percent with lows in the upper forty's to mid fifty's Santa Monica has 56 degrees Satta and has 59 downtown has 60 I'm Steve coming Talk Radio 790 a.b.c. News Geico presents a voicemail from your friend lightning. Joe power line and just hanging around the old cloud a room here that I gave you go Ok still not sure about the time of day for your big screen t.v. With that bolt Yeah I've been meaning to pay you back for that one sure a little short on occasion at the moment but any day now you know well and you don't like a lightning won't pay for the damage it causes Luckily the Geico Insurance Agency makes getting coverage a snap visit Geico dot com to see how affordable renters insurance can be America was billed by people with a few dollars and a dream but even today there's still one path to success that only requires a dream about $10.00 because if your dream is to start or grow your business something as simple as the right business card could make all the difference supplied now Vista Print you can get $500.00 customized high quality business cards for only 99 that's 99 and your satisfaction is absolutely guaranteed just go to this to print dot com This promote code 1313 at checkout that's vistaprint dot com promo code 1313 the show furnished by live abundant. What can the live abundant strategies do for you before our event with the gander was families help you learn and gain wisdom on how to have and enjoy an abundant life and live the life that you want to lead I am passionate about providing you with an insight based experience into abundant living opportunities for your own amazing future Well you know you may have heard me say that for 4 and a half decades I've been primarily viewed as a financial strategist retirement planning specialist but for the last 12 years I've devoted most of my time teaching the general public to you as my students to help you learn the key elements of prudent investing and then I point my students to they were. Architects that I trust will implement the strategies correctly now one of the benefits of those that I point to my students to and there's only right now 13 architects that I totally trust will implement the strategies correctly and I had over 3000 financial advisors C.P.A.'s and tax attorneys come through my 3 day training they paid 6 grand to do it and maybe you've heard me talk about why I let all of my professional licenses automatically expire in the last business day of 2005 to become a consumer advocate and educate you now one of the benefits as I mentioned is a personal wealth report and we worked a long time to create a wealth report that is personalized for you so that in about 20 pages you can sort of see the darkness of the night so to speak if you keep doing what you're doing for your future whether it's socking away money in tax deferred I raise a $41.00 K.'s If you got your money and and banks or credit unions are earning a pathetic rate of return that tax designed or whatever and many of you maybe have heard me talk about I had at one point in my career over 3000 clients in 13 Western states in. Traditional mutual funds and what have you and I got them out of the market and they were never happier and so this wealth report shows you how long your money will last or not last if you keep doing what you're doing versus how long your income would last if you were to reposition your assets without increasing your outlay one dime so I've got one of these wealth reports in front of me and this is for a 50 year old and this 50 year old individual came to one of our wealth architects and he wanted to reposition. He and his wife $500000.00 that they had accumulated during their lifetime and so in order to comply with some very little understood tax laws by most financial advisors where experts in these tent for a different term are we spread out that $500000.00 into a plan over a 5 year period so that their income would be tax free the rest of their lives. On a show like this I can't go into all the details if you come to one of our educational events you will see this but I'll give you the summary so you understand the concept and many times we will run and wealth report on an apples to apples comparison even though many people in the market Ok the stock market mutual funds according to Dow bar have only averaged 3 and a half or 4 percent for the last 15 years yeah there's some years is higher some years you lose but you know in a 10 year period 7 gain years 3 loss years but the average according to Delabar has only been 3.49 percent and that's why that we have this 4 percent rule. In the financial services industry that if you have money in the market the advisor is not supposed to illustrate more than a 4 percent payout because if you take more than 4 percent you'll likely outlive your money well so we have an apples to apples comparison we'll run these at 6 percent 7 percent I've actually earned in the worst 10 year period 7.23 percent since the Great Depression but most of my life I've earned 8.2 percent and by rebalancing a concept that I talk about often on this show I've actually had many many 10 year periods where I have averaged in excess of 10 percent but that's just to use 7 percent and give everybody the benefit of the doubt what is so powerful in this illustration is when we talk to people who are looking towards retirement their future they want financial security and they want to maintain their same standard of living they want peace of mind they're more concerned as Will Rogers once said about the return of their money is the return on their money they they would rather be guaranteed that they have an income for ever instead of making sure that you know that they would rather have that than being rich so to speak well I'm . It cut to the chase here at this illustration I'm looking at for this 50 year old they reposition $100000.00 a year for 5 years that's $500000.00 and then they stopped and they let it sit for 10 more years to age 65 Ok Now what's interesting is we took out a net of $105000.00 a year Ok $105000.00 a year net our tax free because my favorite vehicles a max funded insurance contract and by taking out $105000.00 a year tax free starting today age 65. The max funded insurance contract went on clear to age 100 Ok and I still had over half a 1000000 bucks sitting in there what is sad is with the software that we have which is very sophisticated. A taxable account earning the same rate of return ran out of money at age 73 It only lasted 8 years a tax deferred irate or for a one k. With the same rate of return only lasted till aids $78.00 maybe 13 years into retirement and most people are living longer than that in retirement now Ok even a tax free like a Roth Roth Ira or for a one k. Ran out of money because they're still fees in there. About age 7879 and yet the Max Fund of this year is contract went on for at least 21 more years to age 100 because it is totally tax free and so sometimes we like to just cut to the chase and go down directly to well what's the difference because some of these. Advisors say well the insurance has a bunch of expenses or commissions or or or fees in there and I go wait a minute here do you even know the difference between the traditional where they charge you a half percent or one percent to manage those assets throughout your lifetime and what that ends up costing. I'll just read the summary here real quick because I'm running out of time in this segment do you know that on the insurance contract that generated 100 grand a year for 35 years and still had a half a 1000000 in it the total fees total fees for the cost of the insurance during that whole time period was only about $1.00 5th of the cost of fees that you generally incur with traditional IRAs and 41 K.'s or tax designed investments let me give you the numbers Ok on a taxable investment do you know the total expenses if you went clear to age 95 it was $1100000.00 yeah because you put in $500000.00 but the fees end up being $1.00. Point $1000000.00 as you just keep paying fees and taxes on tax deferred Ok it's over a $1000000.00 you start pulling it out you're going to start paying tax on that tax exempt one was 695000 whereas the max funded insurance contract where I put my serious cash was only 172000 and I ended up if I had never taken income I would have ended up with just shy of 10000000 bucks. That where the 172010 1000000 bucks is tax free that's what I'm talking about now if this is just slightly sparked your curiosity you really ought to have one of these personal wealth reports created for you so that you can see where you'll end up if you keep doing what you're doing and how long your money will last or not last vs how long it could last if you were to reposition your assets without increasing your outlay one dime these wealth reports normally are like 497 bucks and when you come to one of our events I make sure that anybody in our audience can have one of these done by talking with one of our top architects in the country and have one of these personal reports done for you so folks if this is interesting you and you would like to have this done and sort of see what you can do better and sort of get these myths dispelled about oh those are too expensive or whatever but you'll be shocked when how and when you realize how expensive the traditional approach is to retirement are they are at the end of the day because of all the costs and fees that just keep adding up over your lifetime does that make some sense Ok so that's why we teach these educational events and if you happen to live in the Greater Southern California area there's a very special Saturday event that we've set aside and the last time we did this I'm now it was standing room only and this is going to be held on March 18th Saturday March 18th Now this goes from 8 am to 5 pm it's in Newport Beach Coast amazing it's the Radisson hotel right across from John Wayne Airport you'll get a map and directions where that's at now folks this is on how to solve your retirement planning dilemma and liberate yourself from the traditional tax traps that people get themselves into. You'll leave thinking clearer about your future and your retirement this is for people who have a net worth of at least 100000 or more excluding your personal residence and when you come we give you a booklet that you can fill out and you'll leave with a solid idea of what you can do far far better it's free but you got a call now seedings limited the number is 8876 radio that's a day 767-2346 call 887672346 that's a date 76 Radio this is a great. What can the live abundant strategies do for you before our event with the gander was a life changing experience absolutely blew me away it's one of the best and most enriching experiences in which you can invest your time nominee sign about my future and giving me hope for financial stability join us for that I lost and so I actually put into practice finally the schools learned how to avoid the Ira and 4 a one k. Trap and create tax free income. Again this is a special live event that's happening just for those in the southern California area for more information or to register call 18876 radio again to register call 188-876-7234 extension 6 that's 188-876-7234 extension 6 totally clarified for me the possibilities of the future for myself my family make that choice invest in yourself invest in your future register now that's 188876 radio again 188-767-2346. This is radio. This is Doug Andrews with live abundant radio where I'm passionate about providing you with some insights into opportunities that maybe you did not know existed before you've heard me talk about the educational events that I teach and our students come wanting to learn how to optimize assets minimize taxes and empower their true or what I call authentic wealth many people accumulate money or a lot of their net worth in their real estate in fact most Americans accumulate most of their money into places they're. Retirement savings accounts and also their real estate sometimes their biggest piece of real estate is just their personal residence so let's talk for a moment about how to manage real estate better for what I call the laser test liquidity safety predictable rates of return that can generate tax free income here is one of the hang ups that I find a lot of people have they sometimes are house rich cash poor or land rich cash poor or maybe they have their blinders on and they thought that retirement was largely going to be having some paid off apartment complexes duplexes try plexus for plexus whatever and some of the people that come to us have large strip malls and office buildings it doesn't matter but they think that their retirement is going to be just hunky dory because they've got these real estate properties generating rental income Yeah many times that rental income comes in and it can be pretty handsome and what have you but it's amazing how many times we find people that are sort of sick and tired at the end of the day fixing toilets evicting tenants and having to do all these things to manage the properties and I say so why are you hanging on to them because I don't want to pay the capital gains tax I don't want I just now folks if you haven't heard one of the things that has been set in motion ever since 20012003 k. Is if they do away with the state tax which the trumpet ministration is strongly looking at do away with the estate tax which I think is unfair for 4 heirs to miss out on 30 or 40 percent of what their parents left behind and had Hillary gotten in as her plan was to raise it to $65.00. Because it's very easy to tax people who are 6 feet under they can't complain right and so it looks like the estate tax may go away but what's going to replace that tax revenue is they're going to do away with the step up in basis on long term capital gains and this is nothing new but you won't believe how many people go what in other words a lot of these 1031 exchanges and and all of this are waiting until you die to leave behind your highly appreciated house or or your apartment or your gold or your stocks is not going to make any difference because your errors will have to pay a capital gain tax on the original basis and if you depreciated that down to just the value of the land there's going to be a huge gain Now the good news is that capital gains rates instead of being up in the thirty's and 40 percent had Hillary Clinton gotten in will probably be back down around maybe 15 percent but let's use current capital gains rates at around 20 percent and if you have too much income then what ends up happening is that you there is an extra surtax. For the health care law and in some states the long term capital gains tax rate is 5 percent in California it's over 10 percent and if you make over a $1000000.00 a year gets up to 13 percent but still it ofttimes be hooves you to just sell. Pay the tax I know it's painful but it's like the old friend when I don't like commercial you can either pay me now or you can pay me later I'll get a member that where the automobile mechanic would hold up an oil field and say Now you can pay me now and I'll change your oil filter or you can wait and pay me later and I'll replace your engine Well you're not probably going to save anything at the end