Should I Work Part-time in Retirement? And Client Circle Guest Victor

We're going to talk a lot about just what's going on in the world right now, Steve.

The U.S. consumer, get this, the first real sign of strain in U.S. retail sales, it fell unexpectedly in the month of July.

And that was for the first time in nine months.

Can you believe that? I mean, we've been living life with these rose colored glasses, fat and happy with the market going up and up.

And we hear different economists saying that the world may crack.

And now the consumers are seeing the first real signs of strain.

And the American consumer has been one of the strongest pillars of the economy.

So this matters.

So, you know, If you look back to 2000 and 2008, we went into that stuff being very confident about the market going up and thought it couldn't go down.

And whoa, to no one's surprise, we had those big crashes.

Right now, the market is at this all-time high.

And most of us have account balances larger than it's ever been.

And if you think back to 2000, 2008, what did we do when signs started coming around? We froze.

We didn't do anything to protect our money.

But most people listening to this show, Morgan, are probably at a place right now where they're a few years older than 2000. a few years older than 2008.

Maybe right now is the perfect time to take some of those gains off of the table and actually put them in a place that's safe, guaranteed, insured, and protected, that can grow nicely if the market goes up, but they're guaranteed never to lose when the market goes down.

And another thing that we can do to help money is give you income you can never outlive.