Retirement Lessons Hidden in Famous Movie Quotes

**Ron Stutz** (0:01)
Here's what's coming up on this edition of The Retirement Huddle with Mark Howard and your host Ron Stutz.

**Mark Howard** (0:08)
Gosh, that's one of the wonderful gifts that we give our clients is that certainty. To know you can spend freely now, you'll be okay if you're 95

**SPEAKER_3** (0:17)
It's time for The Retirement Huddle with your local financial coach Mark Howard. If retirement is a game, you're in it to win it.
The Huddle is where your financial battle plans are drawn, and Mark Howard is here to help with the X's and O's. So, let's kick it off and break the huddle. The Retirement Huddle starts now.

**Ron Stutz** (0:45)
Hey, you know something else that's really changed over the years is movies. I used to love going to movie theaters, not so much anymore. I haven't, you know, it's been a while since I've been in a movie theater because, to be honest, we watch a lot of movies at home, you know, in one of the streaming services on TV. So, let's take some famous movie quotes and then you can put them into a financial context and tell us what you think each quote makes you think of in the financial world. You ready for this?

**Mark Howard** (1:15)
Yeah, I hope so. We'll give it a shot.

**Ron Stutz** (1:18)
How about if you hear somebody say, I'll be back. Who was that and what movie was that from?

**Mark Howard** (1:27)
Arnold and the Terminator.

**Ron Stutz** (1:28)
Yeah, that's right.

**Mark Howard** (1:29)
Yeah, gosh, one of the most quoted lines probably ever.
I think this quote might as well be coming from a bear market. We never know when the next one is going to be back, but it's going to be back sometime and there's no doubt about that. It's also true of the bull markets though, right? Even if the markets are having a bad year, bull markets are going to come back. Markets are going to pop and drop. They're going to ebb and flow and you've just got to have a, using some of the analogies we were using from the previous segment, just a good all weather plan that is going to weather the storms, whether they come or not. But most importantly, just built for your specific goals and objectives and set up in a way to where if the market has a really bad year or a couple of bad years in a row, you're still going to be okay.

**Ron Stutz** (2:23)
There's a movie with Billy Crystal and Meg Ryan, When Harry Met Sally. It's always been one of my favorites. It's always good. Do you see that one?

**Mark Howard** (2:32)
Yeah. Matter of fact, it was on, I saw that again about a month ago.

**Ron Stutz** (2:36)
Wow. Well, there's a scene, my favorite scene in the movie, the funniest scene in the movie is when they're in a diner and there's this woman who's sitting at the next table who says, she's an older woman, she says, I'll have what she's having.
Do you remember the context of that?

**SPEAKER_3** (2:54)
Oh yeah.

**Ron Stutz** (2:56)
One in the world, how in the world can you apply that to financial planning?

**Mark Howard** (3:02)
I believe the lady in real life was Rob Ronner's mom.

**Ron Stutz** (3:06)
Yeah.

**Mark Howard** (3:06)
That delivered that.

**Ron Stutz** (3:07)
A lot of people didn't know that at the time, but it came out later, you know?

**Mark Howard** (3:10)
Yeah. And she kind of deadpanned it, but it was, yeah, it was great.
So, you know, I know that a lot of people talk at the water cooler and a lot of people talk to their neighbors about finances and retirement and all that kind of stuff.
And I don't think that people share balances a whole lot, but they certainly share investments and what's the hot stock, Bob, and all of that kind of thing. But trying to match what your neighbor's doing, same mutual fund as your brother-in-law, you got to find a plan that works for you. It's got to be specific to you. And this is where we see so many cookie cut plans coming out of the world of Wall Street, 35-year-old invested the same as a 65-year-old. That's just absolutely ridiculous. The same mutual funds for just about every one of the Edward Jones portfolios that I see come across my desk, the same ones. You got to have a plan that works for you, not somebody else. And so, yeah, just because somebody seems happy, let's don't order the same sandwich that they did or order the same mutual fund for that matter.