Caring for Others Without Sacrificing Your Future: LGBTQ+ Caregivers & Retirement Planning

Episode 63: Audio automatically transcribed by Sonix

Episode 63: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Speaker1:
When planning for retirement. Trust is everything, and that's just one way. Nationwide's peak ten fixed index annuity stands out. With nationwide peak ten, you will benefit from protection for your principal, shielding your initial investment from market downturns. Growth opportunities linked to market performance. Without the risk of direct market exposure and a guaranteed income stream you can never outlive. Nationwide's reputation for reliability means you can plan for tomorrow and have confidence today. Call us now at (855) 246-9211 or go to take pride in retirement to connect with an advisor and learn how peak ten can help secure your financial future. Investment advisory services offered through Brookstone Capital Management LLC, BCM, a registered investment advisor. Guarantees and protections referenced are subject to the claims paying ability of Nationwide Life and Annuity Insurance Company. Nationwide peak ten is issued by Nationwide Life and Annuity Insurance Company. Columbus, Ohio. Neither nationwide nor its other entities are associated or affiliated with Active Wealth Management. Any examples used are for illustrative purposes only, and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment, and is not a solicitation or recommendation of any investment strategy. Welcome to Take Pride in Retirement, the podcast dedicated to helping members of the LGBTQ+ community protect and grow their hard earned money. Get set for a show full of education and insights with your host and advisor, Matt McClure.

Speaker1:
We recognize every family is unique. The goal of the show is to help you achieve financial freedom so you and your loved ones can have the retirement you've always dreamed of, a retirement you can take pride in. No matter who you are, where you're from, or who you love. So now let's start the show. Here's Matt McClure. Hello and welcome to another edition of Take Pride in retirement. Matt McClure here with you. Your host, your advisor, your friend, your pal and your confidant. Thanks so much for being a part of things. Really do appreciate you being a part of the show. Always. I say it every time, and I really do mean it, because this is a place where we explore kind of how to protect and grow your hard earned money, whether it is a lot, a little, somewhere in between. You've earned it, you've saved it, you've invested it. You want to protect it, but you want to still get growth. You want to turn that into income and retirement because you're going to need to replace your paycheck in retirement. And so those are some of the things that we talk about, something that is very interesting that we're going to focus on today, though, is about the intersection of that of retirement planning, of protecting and growing that money that you've worked so hard for, that intersection with caregiving that so many LGBTQ+ people find themselves doing.

Speaker1:
And we've got some statistics I'm going to share a little bit later on. That shows you just how prevalent that is in the LGBTQ plus community, because it really, really is. Um, it's a big deal. And so we'll talk about that. And the whole goal here every time is to give you not only, you know, some tidbits of information that you can use to help make your financial life better, but also to give you peace of mind, to let you know that there is hope, that there is, um, a chance for you. There is that possibility and and hopefully that probability that you're going to have that retirement you can take pride in because you deserve it, no matter who you are, where you come from, who you love, how you identify, how much money you have, any of those things or anything else. You deserve a retirement. You can take pride in a couple of different things. I want to say here at the very beginning of the show one. Reach out to me if you have any questions, comments, concerns. Um, if you want to talk about your particular financial situation, I'd be glad to. Absolutely. For free. Do a deep dive. Um, it's about a $2,500 value that that we provide with an initial financial consultation with all the different documents and reports and, and analyses that you get, if I can use fancy terminology.

Speaker1:
Um, but yeah, it's really important to me that you know what your financial situation is. And so if you want to go to take pride in retirement. Com click on the schedule a consultation button. I would love to sit and chat with you about your individual situation. Um, so let's take pride in retirement. Com click schedule a consultation or you can just click the contact page there. If you've got some questions about, you know, your financial life, maybe something specific that we talk about etcetera, etcetera. Um, I'd be glad to do that. I'd be glad to answer that for you. Also, if you like to use your phone as an actual phone and make a call on it every once in a while. It seems like we we use our phones for everything but talking on the phone. 85524692 11 is the number (855) 246-9211. Again is that number and give me a call. If I don't answer immediately, leave a message as detailed as you want. I will get back to you just as soon as humanly possible. All right. Also, follow me on the socials. I'm on the socials trying to build up an audience there as well. And if you are a fan of the show, if you've been listening for a while or if this is your first time listening and you're like, hey, I want more content from this guy, I really appreciate that, and I would appreciate it if you would go online to the socials.

Speaker1:
Uh, Facebook. I've got Instagram, there's threads, there's the old YouTubes, and then there's blue sky as well. Blue Sky is the newest one and it's been building pretty fast, actually a nice, um, audience there, a nice community that we're building on blue sky, but on any of those, just search for take pride in retirement. Take pride in retirement. That's all you have to search for. It'll come up. You'll see my happy little face there now. My bearded face saying things about retirement and hopefully giving you little gems of of wisdom that I have gathered over the years. And really, again, the whole point of the show is, you know, that no matter who you are, you deserve a retirement to take that you can take pride in. And that is the message that I like to share everywhere on the socials as well. Right? Okay. So we're going to talk a lot about caregiving. As I mentioned, uh, this time around. And um, it's something that I know about very well. I'll get into that momentarily. First though, let's, um, let's get some inspiration for our conversation, shall we? Let's do that with our quote of the week.

Speaker2:
And now for some financial wisdom. It's time for the quote of the week.

Speaker1:
Well, this time around, we've got another quote from unknown. Mm. A mystery person out there, but a mystery person. Spitting words of wisdom here. So here we go with the quote. It is this. You can't pour from an empty cup. Take care of yourself first. I'll say that again. You can't pour from an empty cup. Take care of yourself first. Make sure that your cup is full before you try to fill up somebody else's. Right. And that really kind of goes to the heart of what we're talking about today when we talk about caregiving and and we'll talk about what that really means, I think it's kind of like it's almost like RuPaul says, you know, if you can't love yourself, how in the world are you going to love somebody else? Um, can I get an amen up in here? Amen. That is very, very true. I think in a caregiving situation as well. Um, as we talk about caregiving, though, it gets complicated, right? And this is something, as I said a moment ago, that I know. Well, um, it sort of started out when I was a kid. Um, my sort of experience with caregiving really kind of throughout my life. I've been a caregiver in some way, shape or form. Uh, when I was little. So. So when I was born, they're like, oh, God, this is going to be a long episode. He's talking about when he was born. No. Very quick synopsis here.

Speaker1:
Um, when I was born, my parents were a little bit older. My dad was 40. My mom was 35 when I was born. And so I grew up with a lot of older people around me, in my home and in my life in general. Um, when I was a kid, my grandmother, my mom's mom lived with us in the house. And, you know, she was older as well and, and had, um, fallen and injured her knee and wasn't able to get around as well as, um, she had been able to, uh, previously, of course. And so when I was little, she was in her 70s and 80s, and then eventually in her 80s, she had to go to a nursing home and all that. But I saw by example, um, you know. Kids taking care of their parents. Really? Uh, because my mom was kind of primary caregiver. My dad and my sister and myself eventually helped all take care of my grandmother, but it was just kind of like what you do. And here's the thing. Like, I know, like, I'm so fortunate to have had parents that I could count on no matter what. Right. They, especially in the LGBTQ plus community. And I don't ever want to downplay this at all. I know so many people have been rejected by their families, have been thrown out of homes, have been, you know, had to build that chosen family, which, you know, I had.

Speaker1:
So I had my biological family. Um, but I have that chosen family as well. So I kind of consider myself very fortunate because I have best of both worlds. But at the same time, there are so many people who don't have that, and so I never, ever want to downplay that or take for granted the fact that I've had a wonderful family biologically, that maybe not necessarily always understood me and, and and or approved of my, um, my life in the beginning, but grew and learned. And now, you know, my husband and I are just part of the family like everybody else and go to, as a matter of fact, tomorrow, as of the day that I'm recording this tomorrow, going to sort of a mini family reunion thing. And so I love that. Like that is something that I never thought would be the case when I was a baby. Gay. Uh, but so many people in the LGBTQ+ community don't have that right. So I'm so grateful for that. I've, you know, I helped, as I said, take care of my grandmother when I was a kid, but then also as an adult. Um, several years back, when my husband and I lived in New York, my mother in law, his mom moved in with us. So she was diagnosed with cancer for a third time, spent 18 months living with us. And it was at the same time some of the most fulfilling and some of the most difficult times that I've experienced.

Speaker1:
And she, um, it was just a delightful, wonderful person, loved by absolutely everyone. And, um, you know, to see her be sick was very difficult. Um, for me, I imagine it was tenfold for my husband. Um, but then, you know, after she passed a few years later, my dad had been diagnosed with cancer. Um, again, he had had a tumor removed from his kidney, or it had part of his kidney removed, um, several years prior. But then the cancer came back on his adrenal gland, And so he had that he had a form of dementia as well. And so taking care of him, like seeing the person who I had always been able to count on and who was strongly my dad was so strong, like seeing because he worked in a factory his whole life, you know, or not in his whole life. But but he worked kind of hard labor his, his whole life. Because my dad was a very, like, a physically strong man. And to see him become weak and get older and sicker and all those things. Um, that was that was rough. And again, in those last few months, like being there to take care of him was so fulfilling but so difficult at the same time, cleaning up after him and all those things. And, and it takes a toll emotionally, physically and all of that. But at the same time, it's so fulfilling.

Speaker1:
Um, and I can't stress that part enough. But as we talk about caregiving, we're talking about kind of the intersection, or as I was before I started recording, I started thinking about it as it's more of a junction than an intersection, because there are a lot of different roads that converge here. Um, but how? Caregiving intersects with retirement planning, mainly, but also like your mental health, your emotional health, all those things. Now, as I said on last week's show, and if you haven't, um, listened to that one, of course. Subscribe wherever you get your podcast, leave us a great rating. All of those things tell your tell your friends. Um, Dolly Parton said once, if you loved us, uh, you know, tell all your friends if you hated us, tell all your enemies. Tell everybody about the podcast. I would love it if you would help me spread the word about it. But go back and listen to last week's show, because I talked a lot about emotional and mental effects of financial planning and financial stressors. You know, finances are the biggest stressor for a lot of people. And like a leading cause of divorce and all of those things. So, um, but as I said on that show, I'm not a mental health professional. I'm not a psychiatrist, a psychologist, any of the things. But mental health and emotional health are part of this discussion as well, because it has to be when we're talking about caregiving, especially caregiving for those loved ones, whether they be biological or chosen family.

Speaker1:
And so we'll talk about that here. And this discussion is one that's really important for people, especially I feel like even, you know, in your 40s, 50s and 60s who are still working, trying to save, trying to invest, maybe planning to travel in retirement. And meanwhile, you're also caring for a parent. You're also caring for a partner or a friend, a member of that chosen family, even a child. You know, if you have a disabled child or someone who needs extra care. Um, and so, yeah, caregiving, it is tough. It's absolutely rewarding 100%. But it can also be exhausting physically, mentally, emotionally, and as a member of the LGBTQ plus community. I'm talking to you because this really often means that you've got unique emotional and social weight on your shoulders. Um, it's a it's a bigger burden for LGBTQ+ folks. And I'll tell you the, you know, the numbers back that up, the stats back that up. There's a study by Sage, which is a great organization, and the National Alliance for caregiving, um, that found that 23%. So almost a quarter, almost a quarter of LGBTQ plus adults over age 50 are caregivers. And often for people who are not their biological relatives. So nearly a quarter of LGBTQ plus people are caregivers. If they're over 50 years old, that's compared with just 16% in the national general population.

Speaker1:
So. Why is that? Why is it so much more prevalent among LGBTQ plus folks? Well, you know, chosen family, of course, as I said, plays a big role in the community. A lot of us may have been, um, estranged from families or created the support systems outside of traditional homes, and that means that caregiving will fall to us. I as I said, I'm so grateful for my wonderful family. But, you know, many people don't have that. I know so many people who have been tossed out of homes, who've been disowned, who've been that, that sort of thing. And so, you know, the caregiving falls to members of the LGBTQ plus community even more because of the non-traditional sort of status. The non, you know, mom, dad, two and a half kids, a dog and a cat and a white picket fence. Like that's just not reality for the LGBTQ plus community. And it often comes with, you know, if you are caring for someone who's a member of your chosen family. No legal or financial recognition that might come from, you know, caring for someone who is a legal spouse or a biological child or parent or whatever. And so you may be the one taking your best friend to their chemo appointments. You may be caring for a parent who is aging, who never fully accepted your identity. Um, or you could be supporting your longtime partner without a formal marriage license in place.

Speaker1:
Those are all some of the scenarios that we find ourselves in, in the LGBTQ+ community. And so, yeah, it's emotionally complex. It can be financially draining. And it's almost always under-recognized. And so as part of this show, I want to say thank you to those people who are caregivers because I know firsthand how difficult that is and how often unrecognized or at least under-recognized your hard work is. So it may not mean the world coming from some rando guy in a podcast, but thank you. Thank you for that hard work that you put in day in and day out. It is not easy. And so there's also, you know, I mentioned there the financial toll of caregiving. And the numbers, um, are pretty pretty eye opening here. Um, because it really does highlight what we like to always highlight on the show. Right. Financial clarity, financial freedom and getting you to that point where you can have that retirement that you can take pride in. And so, um, this is from AARP. Uh, is the caregiving out of out-of-pocket costs study that they did a couple of years back? They found that caregivers, on average spend a little more than $7,000. $7,242 out of pocket each year on caregiving related expenses, and more than half of caregivers report reducing their work hours or leaving the workforce entirely. So you've got greater expenses and less income. The math marathon. So it's like, what do you do? Right.

Speaker1:
And so now think about what that means for your retirement. If you have to be spending more money and you have less coming in. So lost income means there are fewer retirement contributions going into those accounts. The 401, the IRA, the whatever type of account you may have. You're losing time working. And so that also means that your years of work history, your years of income, earned income that get counted for Social Security are fewer. So you know, they count your. Your highest 35 years of earnings as part of your Social Security. And so if you lose work time, especially later on in life when you are supposed to be earning the highest that you've ever earned in your life, your Social Security credits are then going to be lower. The caregiving costs then also mean, you know, a direct hit to your wallet. Things like, you know, if you if you've done well and you have saved up that emergency fund, let's say, every month or your retirement funds that are saved up, maybe in a tax advantaged account, maybe you have to take out a certain portion of that. Then you have to suffer tax penalties for taking out that money early if you're under a certain age. Um, and then, you know, maybe that money comes out of your emergency fund, then what you're going to do if the HVAC goes out or you got to get new appliances for the kitchen because they're there are 150 years old, you know, whatever the deal may be, or if you need a new car because it breaks down or God forbid, you get an accident or something like that, and it's totaled.

Speaker1:
Um, so there's all of that. That really is a big issue in and of itself individually. But then you layer in LGBTQ plus identity into the mix, and the challenges just kind of multiply, right? Because maybe you are dealing with those family dynamics, caring for a parent who never fully accepted you or, you know, another relative or something like that. And also, you know, I mean, factoring in the the LGBTQ plus factor, for lack of a better term, if you're not legally married, you are probably not going to have access to your partner's health benefits or Social Security spousal benefits. Um, I should say you may not have access to health benefits from from your partner. Most most private companies will allow that. Um, today, I mean, if you're not married. But Social Security spousal benefits are not going to be a thing if you're not a spouse. That's why they call them spousal benefits. So that changes the calculus quite a bit. On your, um, retirement income picture, potentially, especially if one of you is a much higher earner than the other, because as part of a survivor benefit. The spouse who has the higher check when they pass that check gets passed on to the lower earner.

Speaker1:
The lower earners old check goes away, but they get that amount that the higher earning spouse was getting and then cost of living adjustments on top of that, etc., etc.. So you basically inherit their benefit. You lose your own, but you inherit their benefit. You keep the larger of the two. And so if you're not married, you can't take advantage of that. Also, if you're a spouse is a much higher earner than you, or vice versa. There's a spousal benefit while you're living. So if you, um. So that's what I was just mentioning, by the way, I should clarify here are two different benefits. That was a survivor benefit that I just mentioned. What I'm talking about now is a is the true spousal benefit. And that is that if you are receiving Social Security and your spouse is receiving Social Security, if your benefit is less than 50% of theirs at full retirement age, then you would get a top off of your benefit to 50%, up to 50% of theirs. So if yours is less than half of what your spouse's is, there's a possibility you could be getting that spousal top off. And that could really be a big boost that you don't get that unless you're a spouse. That's why, again, it's called a spousal benefit. The survivor benefit thing is, is the same. Like, you know, you got to be a spouse to get the survivor Benefit.

Speaker1:
And so let's also think about this. If you reduce your work hours or if you quit work, you risk losing the compounding growth of retirement money that you're putting away. You have less money going in. Those contributions stop essentially. And then also caregiving can really impact your mental health. As I talked about earlier. I mean, that in turn affects your even if you don't quit your job, even if you don't retire earlier, whatever the case may be or earlier than you would like, that impact on your mental health due to caregiving can really have an impact on your focus on your job and all that. And so that really decreases your earning power potentially. So that is also something to think about. And I've had, you know, clients and other people in my life who were well on their way to a confident retirement, but caregiving commitments can really make a huge difference and change their entire timeline. Having to put off the things that they wanted to do for themselves because of caregiving. And look, I do not at all, um, downplay or belittle anyone who is a caregiver. I've been there myself. I'm sure I will be there again. Um, it's important work, but you've got to make sure that you've got the means to be able to do it in a way that is going to be not detrimental to your financial health, to your mental health and all of the things.

Speaker1:
And a lot of people don't even realize how much it is costing them until I sit down with them and look at it together. Um, you know, I mean, that 7000, whatever a year, uh, that, that AARP study found were, you know, the out of pocket kind of costs for people spending on caregiving. That is. Yeah, that's definitely an average because I've seen a lot higher than that on an annual basis. And so, you know, speaking of that emotional kind of side of things, because, you know, I often say on this show, many, many times retirement planning is not just about numbers. It's not just about a spreadsheet. It's not just about a chart that says, oh, here's your projected earnings and income and all of those kinds of things. It's about so much more than that. It's about your mindset. It's about your emotional health as well. So caregiver burnout yeah, it can be very real. And the warning signs of that can include things like fatigue, especially chronic fatigue. Um, any kind of growing resentment toward the person that you're caring for. Because it's a weird thing to have those tables turned, like I was saying earlier, like I experienced with my dad, um, having to kind of become the parent of my parent was, um, that was that was a tough thing to have to deal with. And so, yeah, you can develop resentment toward the person that you're caring for unintentionally, obviously, but you're just so wrapped up in the caring for them part, you get overwhelmed.

Speaker1:
You could have trouble sleeping, maybe withdrawing from others, developing depression or anxiety, any of those things. And so if that resonates with you, two things I want you to know. You are not alone. You're only human. You are not weak. You can't ask for help, and especially if you are stressing out about money at the same time because you know, maybe you're living on a fixed income, maybe you have quit your job, maybe you have done XYZ thing to make sacrifices, to be able to then care for the person that you're caring for. If you're stressing about your money, reach out to me. Take Pride in Retirement is the website. I'd be glad to give you a free consultation. Again, it's about a $2,500 value that I'll provide absolutely for free. Um, take a deep dive of your finances. Get you set up with a plan that can account for these things. The what ifs in life, right? Take pride in retirement. Com you can schedule that consultation there. 85524692 11 is the number. (855) 246-9211. Again is the number to call as well. And so some things that I kind of recommend. And again this is just from a layman's standpoint here I am not a mental health professional but set some boundaries. You know learn to say no. Learn to delegate. I've had to learn that in my professional life quite a bit.

Speaker1:
It's like one of those things where you start a new job, and in the beginning, you are afraid to ever say no to anything. Boy, I've been there a lot. Um, and you kind of. You set the bar really high for yourself. So then you end up, um, just really creating more work for yourself down the road because you've then set the bar so high, you got to do it at least that well every time. Um, and especially if you want to give yourself some room to grow in something, you know, you gotta you got to do even better than what your best was last week and and et cetera, etc.. So, you know, you can say no to things. You can delegate, you can hire help if you if you have the means, even part time, or get another relative or friend to help share that burden. You can find a support group, um, LGBTQ+ inclusive support group. Sage. That's sage. Um. Search for search for sage. Sage, which offers resources um, for you AARP as well. Uh, offers resources, um, nationwide. And so, you know, you can be a part of both of those and, um, really, you know, connect with others who are dealing with the same thing. Maybe get some support. Get some help. It's not a sign of weakness to ask for help. Schedule your own health appointments. Take care of yourself. Again, that goes back to the quote this week.

Speaker1:
You can't pour from an empty cup, so make sure that your cup is full before you try to fill up anybody else's. Take care of yourself. If you can't take care of yourself, how the heck are you going to take care of anybody else? So don't delay your own care. And if you're feeling overwhelmed, talk to an actual health professional, a mental health professional therapist or psychiatrist psychologist, obviously one whose LGBTQ+ affirming and sage caregiver is that website, by the way, that for the sage group, it's sage care. That's elder care resources. They've got so many wonderful things. I spoke to a rep from that group, um, several weeks back, now back in the spring. And you can listen to that, uh, episode or watch that episode on YouTube. It's absolutely a great conversation about one of their primarily, about one of their tools for budgeting and and all of that for an app that they have that's online that you can use to help budget in retirement. It's a really great, great resource there. Um, and of course, you know, the Trevor Project also is a good mental health support, uh, resource, especially for younger caregivers. And check out. Aarp actually has an LGBTQ plus caregiver guide also. And so, you know taking care of yourself. Again it's not selfish. It's helping you be sustainable. And then you got to think about protecting your retirement plan as well. It's like, how do you keep your retirement on track when you are taking care of someone else? It complicates things, of course, but it's not impossible.

Speaker1:
And so some practical steps, some practical tips here. One is to keep contributing. Keep paying yourself first. Even if you have scaled back that income, whatever income you still have coming in, every little bit helps. Every little bit helps. Contribute at least something to that IRA or 401 that you may have. The power of compounding growth can still work for you. And that's what. Who was it? Albert Einstein who said that? You know, compound interest is the eighth wonder of the world. And those who understand it earn it. Those who don't pay it. And you, if you understand the power of compounding interest, which is basically, you know, you earn interest on something one month or one year, well, then that becomes essentially part of the principal and then you earn interest on top of that interest earned. So that compounds it really is a snowball effect in the best way possible. So make sure that you are still contributing to those accounts as much as you possibly can. You also need to know your rights. I mean, if you're caring for a spouse or even a partner, you could be eligible for unpaid leave under the Family Medical Leave Act FMLA. It may not apply, though, if you're unmarried or your workplace isn't inclusive. They might not be as flexible, obviously.

Speaker1:
So check with your human resources. Check with state laws. Um, consider a long term care policy. This is something that I've talked about before. Or, you know, if you have, um, an annuity or if you're interested in an annuity, which you can turn into a lifetime income stream in retirement, it's like a personal pension, essentially. Um, you can get long term care writers attached to those where, you know, you could see a lump sum benefit if you're confined Signed to a or if that loved one whoever's named on the on the particular policy as the annuity is named there. They can maybe get a lump sum if they're confined to a long term care facility or, um, you know, maybe an increase in the income, maybe a doubling of the income. That's a that's a fairly common one in a few, um, annuities that I've seen. And, you know, maybe a traditional long term care policy for that loved one or for yourself or both, you know, it's not the right fit for everyone. I always say that everybody's situation is different. Everything is customizable, but it's worth exploring with a trusted advisor. And again, if you don't have a trusted advisor, take pride in retirement. Uh is the place to go. I just happen to know a guy and that's his website. He's me. Um, update your estate plan as well. It's a good one. Make sure that your health care proxy power of attorney beneficiaries, all of those things reflect your wishes.

Speaker1:
It's a very eye opening thing to care for someone, especially if you're caring for someone toward the end of their life, right? So if you're caring for someone who wants you to make decisions on their behalf, also make sure that their wishes are carried out, that their health care proxy power of attorney, their will. All of those things are all taken care of and updated also. And when we talk about that and talk about all these financial sort of aspects here, talk to a fiduciary that would that would be me, if you are so inclined. You know, together I want to help adjust your retirement plan if needed to account for caregiving those expenses, the shifts in your in your timeline, um, possible tax advantages, things like deducting medical expenses if possible, using a health savings account if eligible, all of those things and connect you with tax experts who can really run through all of that with a fine tooth comb. And I can help you with tax planning for the future. And so, you know, I mean, all of those things are things to think about when you are thinking about the financial aspect of caregiving in retirement. And I have to say, this is one that hits home for me this week because of all of the things that I've mentioned and more that I haven't quite yet. Um, but I take pride in retirement.

Speaker1:
Um, I just want to emphasize that take Pride in Retirement is the website (855) 246-9211 is the web is the phone number 85524692 11. Give me a call. And even if you just have a question, you just want to say hi, um, or you just want to ask me, you know how what it's like to work with me. I'd be glad to do that. Explain things to you. Um, there's no cost, there's no obligation, there's no pressure. I'm not a high pressure person. Kind of. What you hear is what you get. As far as, um, me and my attitude toward things, I really, really, really want to help. And if I can, I absolutely will. Um, and so I guess I want to kind of not end on a sour note here. I want to I want to end with some encouragement. If you are a caregiver, be proud of yourself, right. You are showing up for somebody, a loved one in your life, whether they are biological family or not. You are showing up for them in really the most powerful way possible. But I do want you to remember that showing up for yourself is just as important. As much as you're showing up for them, you got to show up for you. And the burnout. You know, I say, be proud of yourself for taking care of somebody, and you absolutely should. But burnout is not a badge of honor. Burnout can be a big warning sign.

Speaker1:
So take time to take it. Take a breath, step back and make sure that your own future is still a priority. Take some time for you. Again, asking for help. There is nothing wrong with it. As a matter of fact, it is encouraged, especially if you are having a difficult time in current situation. Even if you just want to, you know, ask, can so-and-so? Can you come and sit with this person for a while? I just need to go out and sit at a at a coffee shop for an hour or two to decompress. How important is that? And especially if you are in a caregiving type situation like, oh my gosh, how great does that sound? Um, and also, you know, make sure that not only is your, your present a priority, like your, your current state of affairs is a priority, but your future is a priority as well. Take care of yourself. And that is not stepping away from taking care of the other person. It is helping you grow. Really. You're creating a life for yourself where you can continue loving and living and thriving and caring and all of the things. So I want to encourage you to do that. I want to encourage you to go to take pride in retirement. Schedule a consultation with me. I would love to sit down and make sure that you have contingencies in place, that you've got the funds that you need to be able to do the things that you want to do, and to be able to do the things that you end up having to do, whether it's caring for a loved one, whether it is, you know, replacing that HVAC or or whatever else type emergency situation.

Speaker1:
Take Pride in Retirement is the place to go. Click on schedule a consultation. I'll be glad to do that for you. Do a deep dive. No cost, no obligation. All right. 85524692 11 is the website is the phone number. Otherwise the second time I've done that, that's the phone number. Um, all right. So also, you know, Instagram, Facebook, uh, YouTube threads, blue sky, all the places. Please like, subscribe, follow. Whatever the case may be for all of those different, um, places online to follow the show. And you know, I'm again, if you are caregiving and you want a second set of eyes on your plan, I'm here for you. With no cost, no obligation. All right, so let's work together. Let's plan with pride, all right? And give to you that that retirement that you can take pride in. Because that's what you deserve. Well, that's going to do it for this time around. Thank you so much for being a part of the show as always. And until next time, take pride in yourselves and take care of each other. We'll see you there. Thanks for listening to Take Pride in Retirement. Members of the LGBTQ+ community.

Speaker3:
Deserve to work with a fiduciary financial advisor who puts their needs first. To schedule a free, no obligation consultation with Matt McClure and the team at Active Wealth Management. Call (855) 246-9211 or go online to take pride in retirement investment advisory services offered through Brookstone Capital Management LLC. Bcm, a registered investment Advisor, BCM and Active Wealth Management Incorporated are independent of each other. Insurance products and services are not offered through BCM, but are offered and sold through individually licensed and appointed agents. Matt McClure and Active Wealth Management are not affiliated with or endorsed by the Social Security Administration or any other government agency.

Speaker1:
Hey, it's Matt McClure of Active Wealth Management and host of Take Pride in Retirement. Are you worried about outliving your retirement savings? Nationwide's peak ten fixed indexed annuity is designed to help you feel secure and confident. With Nationwide Peak ten, you'll receive protection for your principal, keeping it safe from market downturns. Growth opportunities tied to market indexes but not invested directly in the market. Guaranteed lifetime income and protection for your loved ones with spousal income options and a death benefit. Call me now 85524692 11 or go to take pride in retirement. Com to connect with me and learn how peak ten can help you retire with confidence. Let's take pride in retirement.

Speaker3:
Investment advisory services offered through Brookstone Capital Management LLC, BCM, a registered investment advisor. Guarantees and protections referenced are subject to the claims paying ability of Nationwide Life and Annuity Insurance Company. Nationwide peak ten is issued by Nationwide Life and Annuity Insurance Company. Columbus, Ohio. Neither nationwide nor its other entities are associated or affiliated with active wealth Management.

Speaker1:
Information provided is not intended as tax or legal advice and should not be relied on. As such, you are encouraged to seek tax or legal advice from an independent professional. Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosures of any conflicts of interest. Please refer to our firm brochure, the ADV two Day Item four for additional information.

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