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March 30, 2023 - Stew Peters Show
52:26
LIVE @5PM: Scriptures And Wallstreet- Truth About Your 401K
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Time Text
Thank you.
Thank you.
Alan Weir, who turned 60 this month, showed us his latest 401k statement, which he hadn't had the courage to open up.
I'm afraid.
You're gonna open it now?
You want me to?
Let's do it.
There's good reason for his trepidation.
Nearly half of his life savings have vanished in a matter of months.
It went down again.
How much are you down overall?
About $140,000.
Do you think you'll ever get it back?
I'll probably never see it come back.
I was looking to retire probably when I hit 62.
You can't do it now.
I'll probably be working until I'm at least 70.
I'm a Microsoft Office diva.
Until she lost her job, Kathleen Coleman had spent nearly 30 years working as an executive assistant on Wall Street.
She doesn't have much to show for her.
Tell me about your 401k.
Does this answer the question?
This is what it was in 2005, 2007.
You're down below 2005.
Another one went down almost $40,000.
One was $88,000 and then it went down to like $50,000.
In Dearborn, Michigan, Terry and Donna McNally are barely holding on.
He lost his sales job in August.
The condo they bought 15 years ago is worth less than their mortgage, and 40% of his 401k retirement savings is gone.
Donna is the main provider now.
Are you here for Joan?
Yes.
Terry considers himself fortunate to have found part-time work greeting the bereaved at a funeral home and making lattes at Starbucks.
There you go.
Where colleagues young enough to be his grandchildren have taken him under their wing.
What's the hardest part?
I'm no longer sitting in a computer or driving in a car to a call.
You think you'll ever be able to retire?
No.
I don't see that day.
You can no longer see that day.
What kind of a retirement plan allows millions of people to lose 30 to 50 percent of their life savings just as they near retirement?
David Ray, president of the profit-sharing 401k Council of America and a lobbyist for the 401k industry, says it's one that empowers people to make their own investment decisions.
401k is the absolute best way people can save for retirement.
They absolutely are the best retirement vehicle we have.
How can you say it's the best available if it has let down tens of millions of people at the time they need the money the most?
That's not a 401k problem.
That is our entire investment system.
This is about the markets went down for everybody.
Nobody was saved in the current thunderstorm.
Ray says that many people still have more money in their 401ks than they've actually contributed.
He says everyone had multiple investment options, including low-yield guaranteed returns.
And he believes people who lost money have no one to blame but themselves.
In America, it's a society based on freedom and choice and personal responsibility.
We need to help them understand these responsibilities and execute them to the best they can.
401K is part of that.
There are no guarantees.
What about the people who are 63 or 64?
A lot of those people were thinking about retiring, and now they aren't.
A lot more retired and have to go back into the workforce.
Well, but that was not a 401k problem.
That's an investment system problem.
The markets go up and down, and if those people chose to take equity risk, There was a logical outcome.
But in fact, the 401 plans that have become the primary source of retirement income for 60 million Americans were never designed to be retirement plans in the first place.
They were created in the late 1970s as a savings plan and tax shelter for ordinary Americans.
The idea was that workers would make voluntary contributions and employers would match a portion of them.
The taxes would be deferred until the employee reached the age of 59 and a half.
It was supposed to supplement the two traditional income streams for retirees, Social Security and pensions.
One leg of a three-legged stool that would support American workers into their golden years.
But it didn't turn out that way.
The three-legged stool, if you will, has gone to two legs and it's wobbly, and it's wobbling.
And I'm not sure that it's going to support anything.
And that's the scary part, and people are afraid.
Brooks Hamilton has helped design retirement plans for some of the country's largest corporations.
He says 401ks turned out to be so much cheaper than funding pensions that many companies decided to freeze their pension plans and replace them with 401ks.
The decision created millions of new employee investors for Wall Street and the financial community, and they pounced on the opportunity.
If you go back and track the mutual fund growth in assets, and you track the growth in 401k plans, it looks like a railroad track leading to the sky.
They are parallel tracks.
So the big beneficiaries were the mutual funds?
That's right.
That's correct.
The fact is that the typical 401k investor is a financial novice.
They don't know a stock from a lot.
And we give them a list of 20 or 30 mutual funds with really, really powerful names.
You know, they sound like, gee, that's where I want to have my money.
What are generally the quality of the mutual funds in 401k plans?
Mediocre.
I'm being real honest with you, with half the funds on the list really dogs, what people would characterize as dogs shouldn't be on the list to start with.
There clearly has been a raid on these funds by the people of Wall Street and it's cost the savers and the future retirees a lot of money that would otherwise be in their account, independent of the financial collapse.
Representative George Miller of California is chairman of the House Committee on Education and Labor and a staunch critic of the 401k industry.
Especially its practice of deducting more than a dozen undisclosed fees from its clients 401k accounts.
Now you've got a bunch of economic wizards jumping in and taking money out of your retirement plan and they don't want to tell you how much.
You can't decipher it in simple English and they're not interested in disclosing it or having any transparency about it.
And most of the people that look at their 401ks have no idea that these fees are being taken out.
No.
Where would you find it?
Where would you find these fees in this prospectus?
I find that video very interesting because honestly that video is nine years old and there's a lot of truths about your 401k.
So today we're going to talk about 401ks, the fallout of your 401ks, what you need to know, the truth about your 401k.
And we're going to get to that.
Actually I wanted to share something, something I do as a hobby.
I love water.
I didn't like just drinking regular tab water so I Sit tight.
I'm actually going to share what this water can do.
This is our America First Water.
I sell these water machines that produce this beautiful, amazing, clear water.
I sell it as a hobby.
I don't make a lot of money off of them.
But if you do decide to go to AmericaFirstWater.com, all the proceeds help with this podcast.
So...
What's so beautiful about these particular types of waters is that not only is it beneficial for you, but you actually absorb all the water.
And I want to just show you something pretty cool, how powerful these are.
This is a regular teabag, nothing special.
Put it in here, and I'm going to talk about it after I'm done with my podcast.
You actually absorb this water in just in a matter of three to four minutes.
You don't need hot water to brew this tea.
It'll automatically start changing colors as I'm speaking in the next few minutes.
But, what does that have to do with your 401k?
I want to get right to it.
Guys, the 401ks can be extremely, extremely dangerous.
As the 401k fallout happens, you need to know what really, really is going down.
And so I'm here to basically tell you that the stock market is going to go down, right?
It's just going to go down.
Jerome Powell is screwing up our economy, screwing up the banks.
There's really not a lot of hope in what he's doing, and quite frankly, this administration is terrible.
It's a joke, and a lot of countries are looking at us as a joke.
But what the wealthy actually knows is that 401Ks was supposed to be a savings plan, and now it's a retirement hindrance plan.
So as you save into a 401K, it was designed in obviously the late 70s, early 80s, And you would basically want to get a match by your employer.
They got rid of pensions called defined benefit plans, and they commissioned defined benefit plans in the late 80s.
And so what happens is, instead of a company being on the hook for...
Pensions.
Now you have 401ks.
And they used to give you a gold watch.
40 years.
Not anymore.
And so...
Oh man.
The 401ks guys.
You basically are saving to a governmental inoculated account.
And so what that basically means is...
As you put money in your 401k...
They will match it.
But I only like...
Putting as much as a match as you can.
That's it.
Anything over that amount is really building up a tax problem.
You see what happens is, as the government continues to...
Well, they call it coronavirus.
The plandemic here.
As they start printing and printing and printing money...
Coronavirus.
You never hear coronavirus.
You hear the CARE Act or...
You know, you have the Secure Act, you have the Better Build Back America garbage, the Green New Deal.
As they keep on printing money, you guys get the point.
They have to get the money from somewhere.
How do you think they're getting your money?
Exactly, they're getting your retirement.
You are basically building up your whole nest egg in a government written contract where they control how much taxes you're going to pay.
So, what that basically means, guys, is that when the 401ks were designed, they were designed to think that your taxes were going to go down.
And as you defer those taxes, your hopes was the taxes were going to be lower in retirement and You guys get where I'm going with this?
They were supposed to be lower in retirement, but they're not.
And they're actually increasing, increasing, increasing.
And the only way that this country can be solvent in itself is if they raise your taxes.
So be smart.
Be a steward of your money, guys.
You guys know the deal.
Your taxes are going to go up.
So you're in a 401k that you are agreeing.
You're getting in a partnership with stupid IRS, illegal IRS. You're getting in a bed with them.
And they determine how much and when you need to retire.
And if you don't, you will be penalized with a 50% penalty if you don't take your money out and pay taxes at 73 years old now.
It used to be 70 and a half.
Then they wanted 3.65 at 70 and a half.
Then they changed it to 72 with the SECURE Act.
And then it was 70, and then now it's 73, and you have to take daggone over 4% of whatever your amount is in your 401k.
And if you don't, you will lose 50% to a penalty.
So, the tax game is going to kill you inside of a 401k.
But just like the little clip I just showed you before...
Pretty neat.
The water is already turning.
You don't need hot water to brew tea.
So I love this water.
It replenishes your whole body in two minutes.
So it's completely amazing.
The whole thing of boiling water to have tea is...
It really is a myth.
I mean, you basically are breaking down the terrible water so it can penetrate.
Well, you might as well get some good ionized water, AmericaFirstWater.com, and get you one of these machines that you can live a long life.
What good is your wealth if you don't have proper health?
And so it starts with water.
Like I said, personally I love this because I was able to reverse my type 2 diabetes.
My mother got away from arthritis.
There's people that had issues with autoimmune diseases that were, I can't say the word cured, but they were helped and able to reduce their medications.
Amazing stuff.
So get on it, guys.
Like I said, if you do buy a machine, I make, I don't know, 300, 400 bucks, something like that.
It depends on which model you buy.
All that goes to helping me stay on this show.
Anyways, so the 401ks, the 401ks, they used to be a good investment.
But more importantly right now with the market volatility, things are going crazy.
Do you really trust the government with your life savings?
Is the point I'm getting here.
How much do you trust the government with your life savings?
Comment on the video below.
One being, I don't trust them.
Ten is, I do trust them.
Chances are, I have a feeling that you probably would say that you don't trust them.
And that's my audience.
I don't trust them either.
But as you invest in your 401k, you're relying on the government to do the right thing for you.
So think about this.
You've already seen what they've done with the jab.
You've seen the verbiage they use with the jab.
They're using the same verbiage when it comes to They're using the same verbiage when it comes to the blockchain and the CDSE and the FedNow program.
They're using the same program guys, the same verbiage.
So, I like silver here.
I know this is not the topic here, but I really like silver because silver abides in order to have this woke America that they want, this 2030 project.
They need silver.
They need silver for solar panels.
They need silver for their green new energy garbage.
They need solar panels for their Teslas and And their electronic vehicle project by 2030, GM and Ford have said that their whole fleet is going completely electric.
You need silver.
You need silver to make clothes at Lululemon.
You need silver for lithium batteries.
You need silver for a lot of industrial metal manufacturing.
Silver is going to be huge in the next decade.
Oh, and you need silver to create a blockchain.
And what do they want to do with the CBDSC? What do they want to do with this digital dollar?
What do they want to do?
You need silver, baby.
So...
I like Cornerstone Asset Metals to get my silver.
Now, Cornerstone, their number is 888-747-3309.
Reach out to them.
Great guys over there.
God-fearing patriots.
Get Bible verses on your silver.
If you put Bible verses on your silver, you also can apply for religiously exempt should the government try to take it over.
But gold is a tier one currency, so...
Gold can be called back by the government.
It already has been called back twice already.
So I do like silver.
The pricing is great.
And in order to establish this woke agenda, the basic Luciferians, they're going to have to need silver.
And honestly, I think that's why there's a war in Ukraine with Russia.
Because there's a lot of silver over there and they're fighting over the silver.
That's just my opinion.
I could be totally wrong.
Call me a tinfoil hat.
I don't care.
But it's just the truth.
And that's what I think.
I think silver is going to be the new oil.
And so that's just my opinion, though.
Getting back to the 401k, I don't trust the government when it comes to the 401k.
Because basically what you're doing is you're creating an account Tax me later account.
So you're allowing the government to tax you at whatever rate they want in the future.
You guys already know how many billions and billions and billions of dollars they printed during the pandemic, during March of 2020, during all these CARES Act That Hillary and Biden and all that disgusting regimen, the clown regimen, they got together and they created literally socialism on steroids to inject the economy.
And so this is why inflation rose like crazy.
And this is why the dollar has skyrocketed.
Because in order for our...
In order for inflation to keep up, the dollar has to keep up, so to keep on pumping the dollar, but I'm looking at the charts, the dollar will come down.
And gold and silver will be the new safe haven.
It's not the new safe haven.
It's the old school safe haven.
But there's a lot of discrepancies in currencies all across the globe.
And people are really, really scared about the CBDSC and how it pertains to the 401k.
What's going to happen to 401k?
Are they going to steal our money?
Are they going to inoculate our IRAs and completely take it all?
Guys, I don't have all the answers, but I will say it's very difficult for them to reach into their retirement accounts and flip a switch.
This is not the banking industry.
The FDIC is a freaking joke, as you know, but the banking industry, if the bank doesn't like you, they can just take your money.
Like, when you sign on to a bank...
You are signing your right, a behavioral right.
Now they have rights.
I think it was Truist where I looked at the account services agreement.
They have a behavioral clause.
If they don't like you, if they think you are domestic terrorists, in other words, if you're a parent, Right?
And you don't believe in face-masking your children going to school.
You're a domestic terrorist all of a sudden.
And the banks find out.
They can literally take your money, bail it in, and you have to pay for eternity to get it out.
It's the stupidest woke agenda crap that I've ever seen in my life.
Don't do business with these idiots, guys.
I'm a big fan of just, let's get America back on track.
Let's get the patriots.
We, the people, need to take control of our spending habits, where we're supporting our businesses, where we're investing our money, our retirement, our fees.
Where we're spending our time.
And guys, when you do business at Walmart and Target and Amazon and Costco, they're funding abortions.
They're paying for their employees to kill babies.
You are funding that garbage.
You don't have the right to complain if you're shopping there.
You don't have the right to complain if you're shopping there.
So...
Be very, very careful...
I do not like what's going on right now when it comes to that.
I want to make sure that you understand that there are solutions.
I'm going to be introducing solutions in my next podcast.
We're going to be introducing an alternative where you don't have to go to Amazon anymore.
You don't have to go to Costco.
You don't have to go to Walmart.
We have America First Wellness Store that is going to be sponsoring this program.
And I'm more than honored to bring this solution to you guys so that you're not infecting your body with Procter& Gamble's cancerous chemicals.
I mean, they're everywhere in your toothpaste, the fluoride, the garbage and the downy stuff.
And even to the Clorox sprays that you spray, like the mist is worse than smoking a pack of cigarettes.
Also, the Glade air fresheners, it is like smoking cigarettes.
It's terrible for your lungs.
We're breathing this crap in.
Then we have ADHD at an all-time high.
We wonder what's wrong with our kids.
Well, it's all the plastics we're consuming.
The government is in awe of this, man.
The Luciferians, the elites, this is what they want.
This is their plan.
They continue to just inoculate us with...
Big Pharma killing us with the vaccine.
Resdemivir.
If you guys remember, I got Resdemivir.
Through Hollywood program.
MKUltra.
Project Paperclip.
Through the pedophilia.
Making bestiality a common thing.
A normal thing.
Like, it's disgusting.
You look at the financial world.
Where I come from.
They're promoting ESGs.
They're promoting shareholders' values.
They're leaving the client out.
They don't care if you don't like sin natures like alcohol gaming, tobacco, abortion.
They don't care about your morals.
They just care about the dollar.
So, we want, we the people, this channel is going to be, this podcast is going to provide solutions.
We know the problems.
That's why you're here, because you're trying to find out what is going on.
And I'll do my best.
As you guys know, I manage a lot of clients.
I have a lot of, I mean, I'm slammed 11 to 4, so you have to book an appointment with us.
But I will always do my best to do my podcast twice a week so that I can bring fresh content and whatever God puts in my heart to really project to you and to this channel.
So, we're scared.
People are fudding fear, uncertainty, and doubt.
We know the stock market is going to go down this year.
2023 is just basically a continuation of 2022.
The market's looking for some reliefs, but I want to just share something really, really quick.
Look how cool this is.
Wow.
Completely, completely brewed.
I'm telling you, man.
Get you some.
This stuff is awesome.
Wow.
Amazing.
Yeah, I literally just brew tea right in front of you.
So gold IRAs or gold 401ks, whatever you want to call them.
Hey, Carlos, well, let me just roll out of my 401k into a gold 401k or IRA. Roll it into a gold IRA. This is the question I'm getting a lot.
I've got it several times last week.
Now, you can call my friends at Cornerstone, 888-747-3309.
They're going to say, okay, we can do a good portion of your 401ks and IRAs into a gold IRA. And look, that is good and dandy.
But as a fiduciary, someone that actually is in retirement planning, I don't like IRAs.
I don't like 401ks.
Now most of my clients have IRAs because they had them before I met them.
And the best thing that we can do is just preserve it.
They know they have to pay taxes on it.
Now we do have a strategy to get out of IRAs.
Younger than 65 and you have over a half a million dollars, give us a call.
Book an appointment with us at CortezWM.com.
I have an IRA strategy that is phenomenal.
We can use insurance contracts to borrow against and we can convert it into a tax-free bucket.
Borrow against the policies of these accounts.
Use the insurance company's money to pay your taxes.
Pretty amazing strategy.
That's you.
Give us a call.
I'm also going to be doing another podcast on that.
It's going to be called Tax-Free Income.
And it is completely amazing.
So 813-448-3446.
I, myself, or one of my agents or consultants will get back with you as soon as possible.
But get on the calendar with any of us and we will be able to give you a nice consultation on what's best for you.
Also, I need to say my disclaimer here.
This podcast is meant for educational purposes only.
I am securities licensed, and this is not financial advice.
This should be only used for educational purposes only.
If you would like to speak with a licensed advisor, give us a call, 813-448-3446.
So gold IRAs are still owned by the government, and they're also traded on the Chicago Board of Exchange.
And who controls the Chicago Board of Exchange?
Well, I'll let your creative minds think on that.
It's extremely, extremely manipulated.
So what I don't like is that it's a commodity.
It's going to trade like a commodity.
Even though gold and silver is a safe haven right now as the markets are volatile, I think gold and silver will outpace in 2023 the stock market.
That I will say for many reasons that I really don't have time to get into.
But my discernment is that by 2020, the end of 2023, and all this is recorded, and if I look like a fool, hey, I've been wrong before.
I've been right plenty of times.
But by 2023, I really believe that gold and silver will outpace the stock market.
So do you roll everything into a gold IRA? I would only, only do a portion, guys.
Do not do all your 401k and IRA. That is silly.
You never want to be in one asset class.
You want to be diversified.
So with our covenant process, we believe in insurance contracts because you need insurance contract law getting into 2023.
Currently, right now, we can literally guarantee you a 10% Rate of return using a fixed product.
It's not a security.
We literally can get you a 10% depending on your state's rate of return for 2023 using a fixed insurance product.
Give us a call.
We'll tell you about it.
If you're under the age of 75, I believe, depending on most states, We can make sure that this account is available in your state and we can make sure it's suitable for you and your family.
All you got to do is give us a call at 1-3-4-4-8-3-4-4-6.
Plenty of programs out there that we can help you with.
So there's no need.
There's no need to have your neck exposed in your 401k.
Do not save your whole life savings into a 401k.
You're going to have a massive, massive headache in retirement when the government financially inoculates you and raises ordinary income taxes.
Because when you pull money out of a 401k, it's considered ordinary income tax.
Then there's social security trap.
And you guys have been following me for a while.
You know this.
If you make over in 2023...
Let me look it up because they keep on changing it.
Give me one second, guys.
I don't write notes.
I just kind of speak off the cuff.
You guys know that.
Earnings test.
2023.
Yes.
So, $21,240.
Your earnings test is for 2023.
So, if you're 60...
If you're younger than full retirement age, the government determines when you get to retire.
Not you, by the way.
Something called the FRA, full retirement age.
And if you don't know what that is, simply just go to ssa.gov.
Find out your date of birth and find a table there and it'll tell you 66 and 6 months, 66 and 8 months or 67.
The younger you are, the older you have to be in order to retire.
But if you take money before your full retirement age, you will be penalized 50% And so you got to be careful when you build this massive wealth in your 401k or your IRAs or SEP IRAs or 457s or 403bs or simple IRAs or key-off plans.
It doesn't matter, guys.
They're all government-written contracts.
The only thing that is halfway safe is the Roth IRA because you pay taxes on it, but it's still owned by who?
The government.
I predict that the government in the next 20 years is going to say that Roth IRAs are tax free.
But they still count towards that $21,240 earnings test.
You see, they keep on changing the rules on Social Security because they know there's $40 trillion, 60 million Americans investing in a 401k, that there's over $40 trillion in these 401ks that has never been taxed.
So this is why and how they keep on printing and printing and printing money because they know they're going to get it somehow, somewhere.
And that is your 401Ks and IRAs.
So be very careful saving into it.
I would rather you have a private insurance contract that is out of the jurisdiction of the IRS or have tangible gold and silver in your home or open up an individual account and have some treasury bills making 4% or 5% while this volatility is subsiding.
Oh!
Speaking of volatility, let's pull up this VIX chart.
You guys know that I'm a big fan of the VIX. I always watch the VIX. The VIX is a volatility index.
If you don't know what the VIX is, it's traded on the Chicago Board of Exchange.
It is the fear factor.
Now, this is pretty juicy here.
It is at an all-time low right now.
It is at an all-time low.
In March of 2020...
It was at an all-time low, $13.68.
Before March of 2020, it was at $13.68.
So everything was calm.
Okay, there's a virus out there.
We know it's a pandemic, this bioweapon.
Then, boom!
All hell starts breaking loose.
The fear and greed, everybody starts freaking out.
It shot from $13.68 to $66 in 2020.
Guys, right now, the VIX... Let me pull it up.
The VIX is like less than $19 the last time I checked.
I'm sorry.
It's less than $20.
It's $19.97.
Today is Wednesday, March 29th.
I'm recording this.
It will be probably, I'm sorry, Tuesday 28th.
I'm recording this.
And it's at 1996.
So by the time you guys see this, I believe it's going to go up.
Now, like any stock, it does this number.
It goes up, and then it goes down, it goes up, and then it goes really, really down.
And what that basically means, when it goes down, things are calm.
Things are calm.
There's not a lot of fear and greed.
Isn't that BS? This is during a banking crisis.
So it is at 1997 right now.
During COVID, it hit as high as 66.
There's going to be a lot of volatility, guys, within the next month or so.
Be careful with your 401k.
I don't want you to get hurt.
If you have a 401k and you can't roll it over, most of you won't be able to roll out your 401k.
There's something called an in-service withdrawal.
So call your 401k company after work or before you go to work and ask Mr.
Fidelity, Mr.
Empower, Mr.
John Hancock, Mr.
Prudential, whatever your custodian is, call them and say, If you've been there for more than five to seven years, they typically will allow you to have a percentage that you can roll out.
It's called an in-service withdrawal.
Now, this in-service withdrawal, you can take a portion of your 401k and roll it into something safe.
You heard the video in the beginning of this podcast.
There's mediocre mutual funds.
There's mutual funds that don't offer tactical money management.
They're typical buy and hold mutual funds.
Do you really need to be buy and holding in your 401k right now when the VIX is at an all-time low and we know this thing can shoot up like crazy in a heartbeat?
I mean, just one year...
It was at $33.63 in October 11th of 2022.
All-time high.
In October of last year.
I mean, the volatility index is literally the key component to all this madness.
It gauges a fear and greed.
And so when it's down, it always pops back up.
And when it's always pops back up, that's when the stock market collapses.
Or there's a massive, massive correction.
I'm talking 20-30%.
So I don't know the day or the hour of when this would happen, but I'm not trusting this VIX being so low because the sky is almost falling.
I mean, we have banks falling all over to play Deutsche Bank.
We have Credit Suisse having problems with Credit Suisse.
And now UBS is saying they're lallygagging on this acquisition.
Are they really going to buy it?
Are they doing an Elon Musk Twitter deal?
What are they doing?
So we'll be paying close attention to that.
Yeah, so we want to make sure that we are paying attention to the volatility index.
Right now it's pretty low.
It's time to secure your 401k guys.
Time's secure.
So give us a call.
We don't want you to be a God-fearing patriot and being a victim to this nonsense.
Don't let your old, if you have an old 401k that your previous employer, give us a call.
We help find new homes for stray 401ks.
Let's protect it.
We can roll it into green money, which is guaranteed, protected, and it will grow.
There's typically either no fees or a 1% annual fee.
That's the other thing with 401ks.
They're not very transparent on fees.
They are completely out of compliance.
In a green money bucket where you have an insurance contract, they're typically less than 1.5% in fees and your principal is guaranteed, by the way, because it's not a security.
Indexing.
To summarize this podcast, Your 401k, call the carrier or call the custodian and ask them, can I do an in-service withdrawal?
And if so, what is the process?
Then give us a call at 813-448-3446 or book an appointment at CortezWM.com.
We want to help you.
Also, if you want to learn more about us and what we do, feel free to visit AmericaFirstRetirementPlan.com.
I am offering a free guide on the site.
It talks about yellow, red, and green money.
You need to be well averse before you become a client of ours because we do all three buckets.
Not really the red money bucket, but gold and precious metals is considered red money because it has unlimited losses, unlimited gains.
It's just a hedge.
So not all red money is bad, but we do want to understand what it is at least.
So download your guide at AmericaFirstRetirementPlan.com and you will be able to book an appointment on there as well.
So the solution here, guys, is basically call your 401k.
If you cannot do anything, if they say, you know what, we can't do an insurance withdrawal, we can't roll it over, then make a trade into the shortest duration bond that you can have.
If you have cash equivalent, go ahead and do that.
I don't think 2023 is going to be the year to make money, guys.
2023 is the year that you need to preserve, just like 2022.
We've lost 30% in the markets in the past 24 months.
How low can you go?
Some of you are retired.
Some of you are trying to retire.
You can't really retire when you're losing money.
It's a terrible feeling.
I get it.
But we want to preserve.
We're not perfect.
We're not perfect by any means.
But we do want to have things in place than just being in a regular stock market.
Because this volatility index is at $19.97 right now.
It could shoot up to $60 like pandemic levels.
There's unlimited gains, unlimited losses.
You guys know this.
So give us a call.
We want to give you safe money solutions that will protect your principal.
Not just that, but we want to be spiritually...
We want to have the same thinking that you do.
We want to support America.
We do not want to do business with woke companies in our shopping, where we buy our cleaners, our detergents, our soaps.
From the drugs that we take, to the clothes that we wear, to the coffee we drink, to the water we drink, to where we're investing our money.
This whole America First retirement plan is not just about money.
It is more than that.
It is bigger than me.
I just founded that process.
We are creating a whole other conservative movement.
Let's defund the woke companies.
Let's defund the stupid Luciferian banks.
Go to your credit union.
Go to community bank.
There's no reason to be with the big banks anymore, guys.
The credit unions are so much safer.
They have the NCUA. They don't have the exposure.
They can't lend to everybody.
You have to apply to go to a credit union.
You have to be someone that is valued to be accepted in a credit union.
There is a process there.
I believe with some credit unions, you even have to have a good credit score to get even in there.
So go with a smaller bank, credit union bank, and I know there's a lot of people saying, oh, I want to go to the bigger banks because they're safer.
That's not necessarily true.
To me, they have more exposure.
And the bigger banks, they don't even care about this.
They don't even care about the morality of your money.
They're in the business of lending your money out and The Fed is going to keep raising interest rates.
Inflation is not cooling off.
As they raise interest rates, you have more of a risk that your bank is going to lose money.
They already, I've said this seven, eight months ago, they already put billions and billions of dollars just in cash because the dollar is going up.
They already set aside money in cash to prepare for another plandemic.
What does that tell you?
Something's going to happen.
I'm looking at the VIX right now.
It is quiet before the storm.
Why is it so low and there's banks falling apart?
Credit Suisse, Deutsche Bank, Signature Bank.
We've had obviously SVB, Silicon Valley Bank, just this month.
And the VIX is going lower?
Like people are having more confidence?
That doesn't make any sense.
So a lot of manipulations going on.
Definitely reach out to us.
We want to help protect you.
Like I said, I'm like the weatherman.
I know the storm's coming.
I can't stop it, but I can tell you how to prepare for it.
And we want to have insurance contracts.
We want to have a tactical money manager with T-bills.
That is liquid.
We want to have insurance contract law protecting your principal from financial resets and stock market volatility like the VIX. We want to have all three buckets working for you.
And if you have a lot of money in IRAs, give us a call because we have an IRA conversion kit.
That we can get out to you.
We can email it to you.
We can have a consultation to see if it's right for you.
Where we can literally get you out of the hands of the government and get you tax-free and lifetime income for the rest of your life.
And your money is growing while it's in withdrawal and you'll never run out of money.
Completely amazing.
And so if you want to learn more about that, visit AmericaFirstRetirementPlan.com.
Download our free guide or go ahead and plug into one of our live webinars.
And we'll be more than happy to assist you with that.
That being said, guys, a little about my family and updates that you guys saw in my last podcast.
Jacob started skating last week.
I was so thrilled because I hired him as skating coach.
And he's been working the past three or four months to learn how to skate just so he can join this hockey class where there's a bunch of four or five-year-olds skating around, smacking a puck around.
And finally, finally, this Saturday, I'm sorry, this past Monday, he was able to join this five-year-old hockey class with his new friends, and he scored a little goal.
He didn't fall a lot, which that's what I could completely just ask for, is just stay on your feet, and he was able to do that.
So I was able to take him to his new hockey class, and it was adorable watching those little kids knock each other over and try to get the puck.
My wife and I had a nice date night.
We watched John Wick.
And I took the kids to go see some figure skaters.
Figure skaters, of course, my boys didn't like that.
Here's a picture of my family at the Tampa Bay Lightning Arena called Amelie Arena here in Tampa.
But more importantly, guys, I wanted to share some living word with you.
And, you know, God has us in the palm of our hands, guys.
There's really no reason to fear.
Psalms 147.11, So God is basically saying, if we can just fear Him, and we put our hope and trust in the Lord, He's going to take care of us.
Like, how beautiful is that?
We are His children.
These are some basic, basic psalms that, as Christ followers, we tend to forget.
They're so basic.
Psalms 37, 25.
I have been young, and now am old, yet have I not seen the righteous forsaken, nor his seed begging bread.
It reminds me of Malachi 3 where God says bring the tithes to the storehouse and try me in this.
Or the other scripture where it says when you give to the poor you're giving to me.
And you know just a cliche that I always say is you've never seen a broke giver.
And God is basically telling us in Psalms that it's okay to retire.
I've been young and now I'm old.
And I've been righteous my whole life.
And even my children, even my children are not even begging.
So let's be smart.
Let's be stewards.
Proverbs 13, 22.
A good man leaveth inheritance to his children's children, and the wealth of the sinner is laid up for the righteousness.
So the people that follow greed in that index, right, that are actually involved in the fear and greed, that are making money off of people fearing and And just lying to them, the financial serpents.
Eventually, all that goes back to the righteous.
That is biblical.
Proverbs 13, 22.
So, hold the line.
Keep God first.
Spend time in the morning with the Lord.
Let His Holy Spirit just marinate in you.
I pray that That you guys get really connected with your Bible.
Get connected with God.
Seek Jesus' face every single morning before you start your day.
It will change your life.
It has for me.
And let that...
Let that living word be like this water just penetrate anything.
And with that being said, God bless you guys.
I'll have the link below for AmericaFirstWater.com.
You can check it out.
Pretty amazing stuff.
We send out emails and there's about a few weeks worth of emails on just different case studies on what this water has done to people.
You can opt out anytime you want.
You can opt in anytime you want.
We're not here to blow your email box up or anything like that, but it's pretty cool stories.
So if you want, sign up.
No big deal.
I'm also going to be introducing our new wellness, our Defund the Woke program next podcast.
I'm really, really excited about this.
It's just going to help with the podcast if you guys enjoy this.
We are growing like crazy.
50, 60, 70,000 views every podcast.
I love it.
I started this and honestly I wanted to quit.
I wanted to quit about almost a year ago because I was getting like 10 views, 20 views, something like that.
And I was paying all this money for the podcast and But God put in my heart to just keep on speaking the truth.
Keep on speaking the truth and he'll provide.
And he'll provide.
And he's done that.
And so God provided for Stu.
He provided for me to give to Stu.
Stu created his whole network.
And here I am, small little financial advisor that just had a big heart to do something and I was able to help Stu create the Stu Peters Show financially and now here I am, I have my own show and all I want to do is just speak the truth.
I don't want to bring on any sponsors, any big company sponsors I like the small guy.
I like doing the Rudys of the world, the guys that are America first, that really are true to a core, and that their aim is the cross.
With that being said, guys, I'm out of here.
I'm rambling.
So next podcast, pay attention to it.
We're going to be talking about how we can defund the woke companies.
So go ahead and defund the banks by going to the credit unions.
All we got to do is just take the money out of their hands.
And we do that by getting out of the big banks and going to the smaller banks, doing business with God-fearing patriots.
Alright guys, I'm out of here.
I'm pretty tired.
Love you all.
Thank you.
Thank you.
Thank you so much.
And I'm praying for all of our listeners and our clients and our viewers.
And may God bless you in many, many ways.
God bless.
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