Excel in Retirement

Where financial planning becomes understandable. David brings interesting stories each week to listeners of his Excel in Retirement show along with actionable ideas that may help listeners avoid pitfalls that many people face in their retirement. David C. Treece began his career in the financial services industry in 2011. He is an independent financial adviser. He has passed the Series 65 securities exam, and he is health and life insurance licensed in several states. David’s financial advisory firm focuses on retirement income planning.David worked for two other financial advisors before founding his firm in 2018. David launched Clients Excel because he has a desire for his clients to have a second to none experience when it comes to their financial planning for retirement. David relentlessly strives to be the best at helping people prepare for retirement.The bedrock of David’s ethos is treating others as he would want to be treated.David works tirelessly to continually bring pertinent content to our clients and friends through our weekly newsletter and podcast. Through these, David brings informative content that may aid you in preparing for retirement. Through his financial planning work, David’s hope is that his clients are empowered to have a confident financial future.David and his wife, Mallory, have a daughter named Amelia and rescue dog named Oscar. They also have a backyard flock of chickens that Amelia loves to tend. David and his family are active in their church in Spartanburg. He is also a volunteer mentor with JumpStart, which is a ministry for people who have been recently released from prison.

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Excel in Retirement

Benefits of Aging Ep. 125

August 14, 2024 • David C. Treece • Episode 125

Investment advisory services offered through CreativeOne Wealth, LLC. Clients Excel, LLC and CreativeOne Wealth are not affiliated companies. Licensed Insurance Professionals. Investing involves risk, including potential loss of principal. Any references to protection or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. Annuity withdrawals are subject to ordinary income taxes and potentially a 10% IRS penalty before age 59-1/2. Roth distributions are tax free after age 59-1/2 and the account has been open for at least 5 years. This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.

SPEAKER_01: 0:00

Welcome back to the Excel in Retirement podcast, where we help good people make wise financial decisions so that they may excel in retirement with confidence. Learn more at clientsexcel.com. Now to your host, David Treese.

UNKNOWN: 0:18

David Treese.

SPEAKER_00: 0:25

All right, well, here we are for episode 125 of the Excel and Retirement Show. I am so grateful to have you listening. Well, anytime we tell Amelia, our six-year-old, that it's time for a nap or it's bedtime, she says, I'm not tired. And she says it with a voice inflection that will make you wish you did not hear her. Our strategy oftentimes is to tire her out. So we took her and our other daughter to the park on Sunday afternoon, and the goal was just to tire them out so they would sleep well and be ready for bed. And as I was sitting there watching the girls play, I started thinking. And I was thinking about how much easier life is now versus 10 years ago. Now, I'm not talking about technology-wise or anything else. I'm just talking about how much easier it is from an aging perspective. My life is easier now at 40 than it was at 30. And then I started thinking, I bet it'll be easier at 50 than it was at 40. Maybe you could speak to this. There's something about growing our knowledge and abilities while gaining insights that tend to make life easier, I think. And there's benefits to aging. Maybe we tend to make better decisions as we age. I think I see it daily in my work. I get to see people who have made wise choices over the course of their years, and I see people, for whatever reason, who are entering the sunset of their lives with less than favorable circumstances. And as we age, if we've taken appropriate steps over the course of our lives to prepare for the next season, we may have much to look back on and be filled with gratitude for. But sometimes we allow outside circumstances to still our joy. On Sunday, the pastor asked a pertinent question. He said, Sometimes we allow our willingness to care about things to affect us in a negative way. Maybe it's things we care about in society or in other people's lives. We fret about the upcoming election or we debate our friends about things we have little to no control over. And sometimes we do it at the expense of things that we can have an impact on. So maybe we should be focusing on something different and yet we're focusing on things that we have no control over. And I've got to admit, I've been guilty of this. We get wrapped up in the large macro problems of our country and we neglect to see what we are responsible for around us. Or we see people struggling On the other hand, and we try to lend a hand only to get turned down. And you might be able to see the proverbial wall that the person is heading towards, but you can't convince them of the peril that's ahead. And sometimes we get so worried and wrapped up in that other person's life that it affects us in a negative way. And sometimes we worry about the micro details and the lives of random people we see on the Internet. And we fail to worry about the people or things that are under our sphere of influence. Yeah, absolutely. It just kind of begs the question, but what are we really responsible for? We can't be responsible for all the things that we read on the internet. It's impossible, right? Or how many of us turn on the TV and we get riled up about the topic of the day to be fearful about? And then we spend time dwelling on that doom that we just consumed. The natural thing after that is to tell the next person you see about the doom that you just heard about. And it's like blowing on a campfire. It perpetuates the doom. Something else grows when we give it attention, and that's gratitude. When we stop and reflect on the good things in our lives, most of us will find we have much to be thankful for. Who do you want to help? Someone who isn't thankful or someone who lets it be known that they appreciate you? Gratitude, I have found, tends to be contagious too. In essence, everyone wins when we have a spirit of gratitude. So last night, Amelia and I were watching Andy Griffith. I love Andy Griffith. And I've seen all the episodes a gazillion times. I probably haven't seen the color episodes quite as much, but certainly the black and white episodes I've seen a gazillion times. And I said, oh, this one's about Ernest T. Bass. He's a real nut. And that wasn't in my six-year-old's vocabulary, probably a good thing. So we had to have a talk about what a nut is. And in case you don't remember the episode, he's the character that has an obsession with throwing rocks through windows to get revenge on people when he thinks he was wronged. And in the episode, Ernest wanted to join the military, but he was turned down due to his wild antics. What was... What he was really after was a uniform. He thought a uniform would impress girls. And so Barney Five, the deputy, the funny deputy on the show, he was the only one of a similar size. And so in order to get Ernest to go back home to the mountains and to quit throwing rocks through the windows, Barney had to give up his uniform. And the last scene shows Ernest skipping off in Barney's uniform back to the mountains. And in many ways, he was happy because he was grateful for the new uniform he just got. Or maybe it was just because he got his way and he manipulated people. But we'll gravitate towards the first one. And at any rate, if you can't think of anything to express gratitude about, just think about it. You're not a nut who throws rocks through windows, right? We have so much to be thankful for. And I hope this little humor that I've shared with you generates that in you. And I would challenge you to spend a few minutes thinking about what you are grateful for today. Investment

SPEAKER_01: 6:30

advisory services offered through Creative One Wealth, LLC. Clients Excel, LLC, and Creative One Wealth are not affiliated companies. Licensed insurance professionals. Investing involves risk, including potential loss of principal. Any references to protection or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims-paying abilities of the insuring carrier. Annuity withdrawals are subject to ordinary income taxes and potentially a 10% IRS penalty before age 59½. Roth distributions are tax-free after age 59½and the account has been open for at least five years. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual's situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by clients Excel. The use of logos and or trademarks of hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.