Latest / WCHS Network Podcasts / 06/16/2025 Retire Right Radio with John Burdette

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06/16/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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Speaker 1: the realtor makes real estate dreams a reality, whether it's
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Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
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Speaker 2: The views and opinions expressed on this program do not
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Speaker 2: necessarily reflect the views and opinions of five ADWCCHS, its employees,
0:23
Speaker 2: or WVRC Media. This is Retire Right Radio, a weekly
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Speaker 2: show from John Verdett at Fourth Avenue Financial that aims
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Speaker 2: to answer your questions about financial planning, investing, and how
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Speaker 2: to retire right. Fourth Avenue Financial is located in downtown
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Speaker 2: Charleston at one seventy Court Street. More information online at
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Speaker 2: Fourth Avenue Financial dot com. Join the conversation by calling
0:47
Speaker 2: three oh four three four five fifty eight fifty eight
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Speaker 2: or text three oh four nine three five fifty oh eight.
0:54
Speaker 2: On Retire Right Radio, let's go live to the studio
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Speaker 2: with host Dale Cooper and John Verdett from with to
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Speaker 2: have any financial.
1:02
Speaker 3: And if everybody's a good morning too. You're listening to
1:04
Speaker 3: as the expert w c HS the Voice of Charleston.
1:07
Speaker 3: It is Monday. That means it is time for a
1:10
Speaker 3: retire right ray with John Bredet from Fourth Avenue Financial.
1:12
Speaker 3: John is in studio with us this morning and taking
1:14
Speaker 3: your phone calls. If we got a lot of calls
1:16
Speaker 3: in for John last week. So if you have any
1:17
Speaker 3: questions about how you can retire right thing you're worried
1:20
Speaker 3: about planning into your retirement, you can give John a
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Speaker 3: call this morning. Three zero four three four five fifty
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Speaker 3: to fifty eight is our number. Threes are a fourth,
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Speaker 3: three four five fifty eight fifty eight. John, How you
1:28
Speaker 3: doing this morning. I'm good, great. Happy belated Father's Day. Yeah,
1:31
Speaker 3: same to you, and say to everyone out there, absolutely true.
1:34
Speaker 3: Happy late Father's Day to all the fathers out there.
1:37
Speaker 3: Perspective fathers, those of you pay a tribute to your fathers.
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Speaker 3: However that works out. Happy belated Father's Day to you.
1:44
Speaker 3: Welcome to give us a call this morning, John Burdett.
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Speaker 3: Of course, with Fourth Avenue Financial, we'll dispense advice on
1:49
Speaker 3: how you can retire right this morning. Domestify some of
1:52
Speaker 3: the process and make it easy for you. John has
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Speaker 3: a lot of great advice and you can tap into
1:56
Speaker 3: that knowledge this morning by giving us a call at
1:58
Speaker 3: three zero four three four five fifty eight fifty eight
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Speaker 3: threes are four three four five fifty eight fifty eight.
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Speaker 3: If you'd like to, you can also text over messages
2:03
Speaker 3: as well. Our text line numbers three zero four non
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Speaker 3: three five five zeros er eight threes are four non
2:08
Speaker 3: three five five zero zero eight. So what's going on?
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Speaker 3: As far as we always take a look back at
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Speaker 3: what's been happening on the market, reporting is different things
2:16
Speaker 3: along those lines, I guess as much as things can
2:18
Speaker 3: be sort of normal now, things are sort of normal
2:21
Speaker 3: right now. Yeah.
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Speaker 4: I mean Friday, we had the you know, the fall
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Speaker 4: with the start of the Israel Iran conflict. You know,
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Speaker 4: the market took a took a pretty good hit and
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Speaker 4: oil prices spiked higher. This morning, it looks like that
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Speaker 4: there's going to be a rebound somewhat in the market,
2:44
Speaker 4: and oil prices are are coming back down. I think
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Speaker 4: the you know, war is unpredictable and you don't know,
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Speaker 4: you know, the initial news of it brings fear. What
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Speaker 4: could the spill over to. I think there's now a
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Speaker 4: little more clarity on the way it's going to play out,
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Speaker 4: and uh, I mean, nobody knows the outcome, but as
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Speaker 4: far as it's spilling over, it looks like, you know,
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Speaker 4: there's there's less of a chance of that right.
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Speaker 3: Now and and there, And just to be completely honest
3:18
Speaker 3: about the whole thing, there are ways that people make
3:20
Speaker 3: money doing more time. I mean, you know that it
3:22
Speaker 3: just it just changes some of the allocations on what
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Speaker 3: people are doing and the strategies that are deployed. That
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Speaker 3: does not mean that there's going to be uh that
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Speaker 3: suddenly things are going to tank and you don't have
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Speaker 3: uh money making opportunities there. There's going to be plenty
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Speaker 3: of that stuff out well.
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Speaker 4: Well, no, And and if you look at history of
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Speaker 4: conflicts the market, initially usually you don't pull us back
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Speaker 4: because people are cautious. But but eventually it doesn't take
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Speaker 4: very long before that just becomes part of the I
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Speaker 4: hate to say it, but part of the background and
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Speaker 4: most economic activity is made up by our individual decisions.
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Speaker 4: And you know, even though that's going on over there,
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Speaker 4: you know, the rest of the world still has to
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Speaker 4: eat and consume and do all the things that keep
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Speaker 4: these companies running in in business.
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Speaker 3: And we saw sort of a similar thing for the
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Speaker 3: Ukraine war when it first happened. I mean, there's like
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Speaker 3: sort of a holding period until things settle in you
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Speaker 3: get an idea of how things and it still could change,
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Speaker 3: but you have like a starting point on it, and
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Speaker 3: things kind of rebound and get set in their new
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Speaker 3: ways and new expectations and things like that. Again, it's
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Speaker 3: awful interesting to talk about world events sometimes in the
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Speaker 3: context of what we talk about here, because the result
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Speaker 3: or what's actually going on on those events is not
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Speaker 3: what we're here to talk about. So, I mean, in
4:35
Speaker 3: some ways, whatever happens there happens. It's what you need
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Speaker 3: to do, meaning the listener out there. As far as
4:41
Speaker 3: protecting your retirement of how you can retire, right, what
4:43
Speaker 3: this means in context of that is completely different to
4:45
Speaker 3: what it means from a world citizen standpoint to some degree.
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Speaker 4: Yeah, sure, and you know in the Middle East there's
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Speaker 4: always the risk of destruction and the oil and that
4:55
Speaker 4: sort of thing. But you kind of remember too, the
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Speaker 4: United States now produces a lot internally, so we're not
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Speaker 4: quite as tied to minist oil as we were Now
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Speaker 4: it's still a global market. It still can impact prices
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Speaker 4: and things of that nature, but you know, we do
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Speaker 4: produce much more oil here and energy here than we
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Speaker 4: did a couple of decades ago. So you know, the
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Speaker 4: risk of that spilling over is certainly there if something
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Speaker 4: were to happen to the oil supply, but it's not
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Speaker 4: quite as acute as it used to be.
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Speaker 3: I remember reading a book. This was years and years
5:30
Speaker 3: and years ago, and so my memory is going to
5:32
Speaker 3: be very bad when it comes to recalling all the details.
5:35
Speaker 3: But it was basically a book about Opek and the
5:37
Speaker 3: way that Opek works and different things like that. And
5:40
Speaker 3: the journalist had embedded himself into one of the meetings
5:42
Speaker 3: and got like an invite and was able to follow
5:44
Speaker 3: kind of the bouncing ball in a particular moment in
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Speaker 3: time and sort of built his case outward from there
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Speaker 3: and looked at other points in history and things that
5:52
Speaker 3: might have happened and stuff like that. And I have
5:53
Speaker 3: to say that whole situation is from a general just
5:57
Speaker 3: like a regular normy standpoint. Man, I don't know that
5:59
Speaker 3: I'll love of a situation on how all of that works,
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Speaker 3: to be completely honest with you, seems a little uh fake,
6:06
Speaker 3: to be honest with you, It's like kind of like
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Speaker 3: the diamond market, right, Really, it's very much creating the
6:13
Speaker 3: impression of something. Oh, prices are dropping too much. Why
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Speaker 3: don't we just tighten a spic at a little bit
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Speaker 3: and not produce quite as much? Oh, we need to
6:19
Speaker 3: get more. I mean it's completely fake. And they predict
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Speaker 3: where the market's are going to go, how much the
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Speaker 3: prices are going to go up, Oh at this time
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Speaker 3: next year. Why don't we do this? I mean it
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Speaker 3: is there is no guess work in this at all
6:30
Speaker 3: for them. They know exactly what they're doing and they
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Speaker 3: can chart it and it from a normy I look
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Speaker 3: at this and I'm like, that's a little messed up. Frankly,
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Speaker 3: I don't know, but it just seems like that, you know,
6:40
Speaker 3: because it is wild when you get into the detail,
6:42
Speaker 3: it's wild. It's not for me anyway. It wasn't what
6:44
Speaker 3: I expected, you know what I mean. It's like it's
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Speaker 3: like data driven, not really.
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Speaker 4: I mean there there is, there is certainly some of that,
6:51
Speaker 4: but any any business though adjusts there. Yeah, that's their
6:56
Speaker 4: supply to to what they present.
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Speaker 3: Instead of a corporation. We're looking at countries basically.
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Speaker 4: Yeah. Yeah, so but you know, but I get it.
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Speaker 4: I mean, the reality is there's there's still a lot
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Speaker 4: of oil out there, right.
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Speaker 3: You you equate it to the diamond market, and it
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Speaker 3: is pretty crazy where you think about that and what
7:12
Speaker 3: is it Russia setting one like basically a planet's worth
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Speaker 3: of diamond and but you can't touch of that because
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Speaker 3: suddenly the market would crash. Is there a threat like
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Speaker 3: this is just like kind of randomly like is there
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Speaker 3: a threat like hey, you better behave or suddenly we're
7:23
Speaker 3: going to open this mine up or something people look
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Speaker 3: at like energy prices. And we had a great question
7:27
Speaker 3: for Amy Smith on on Hotline last week, who's with
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Speaker 3: Investors dot com and she she does a part on
7:32
Speaker 3: our show every week and she she uh, we got
7:36
Speaker 3: a question for her that was talking about how it
7:38
Speaker 3: seems like that no matter what happens with with oil
7:43
Speaker 3: and with traditional energy markets and fossil fuels and stuff
7:46
Speaker 3: like that, that solar and alternative investment stocks have been just
7:50
Speaker 3: sort of stagnant. There hasn't really been any huge movement
7:52
Speaker 3: one way or the other. Things like that. Those are
7:54
Speaker 3: the type of things that that really count when you're
7:57
Speaker 3: looking at things like this is you have to look
7:59
Speaker 3: at the broader pictures how the things move and where
8:01
Speaker 3: good investments are going to be. Like that, you don't
8:03
Speaker 3: really have to worry about the nuances to why necessarily,
8:05
Speaker 3: you just have to figure out the best way to
8:07
Speaker 3: play within what you're doing to try to set yourself up. Well,
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Speaker 3: it just.
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Speaker 4: Really as as somebody that's planning for retirement going into retirement,
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Speaker 4: stay diversified. You know, we know that as a society
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Speaker 4: we need energy. It's going to come from somewhere, and
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Speaker 4: certainly these things can play into prices. You know, the
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Speaker 4: geopolitical can play into prices, and if one thing happens,
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Speaker 4: then it might benefit another type of energy. So you know,
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Speaker 4: stay diversified and just participate in the innovation and growth
8:43
Speaker 4: of the economy and try not to look that history
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Speaker 4: is full of of wars, rumors of wars. That's that's
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Speaker 4: just unfortunately the nature of the world, and these things
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Speaker 4: are not new yet. The economies bill moves on and
9:01
Speaker 4: innovation still moves on.
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Speaker 3: It's great advice from job Er Debt for Fourth Avenue Financial.
9:05
Speaker 3: If you'd like you give us a call this morning
9:06
Speaker 3: three zer a four three four five fifty eight fifty
9:08
Speaker 3: eight three four five fifty eight fifty We want to
9:09
Speaker 3: talk about a number of topics. This morning, we're going
9:11
Speaker 3: to finish up a little bit of the conversation we
9:13
Speaker 3: were having last week about maybe some common sayings and
9:17
Speaker 3: some things that are what we put forward in our minds.
9:22
Speaker 3: Is is tried and true, but sometimes I might be
9:24
Speaker 3: tried and trude for you, and sometimes maybe not. But
9:26
Speaker 3: also any number of topics that we can get on
9:28
Speaker 3: this morning. We got some text messages left over from
9:30
Speaker 3: last week as well that we'll get into. You can
9:31
Speaker 3: send in a text message if you would like this week.
9:33
Speaker 3: Threes are A four non three five five zero zero eight.
9:35
Speaker 3: Threes are A four noine three five five zero zero eight,
9:37
Speaker 3: or you can call three zero four three four five
9:39
Speaker 3: fifty eight fifty eight three es aer a four three
9:41
Speaker 3: four five fifty eight fifty eight. We do have a
9:42
Speaker 3: text question from the six eight one two three one?
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Speaker 3: How much should I keep in cash when I retire?
9:46
Speaker 3: I don't want to be too risky, but don't want
9:49
Speaker 3: it all sitting idle either.
9:51
Speaker 4: Yeah, I mean for most folks, of three to six
9:53
Speaker 4: months worth of living expenses is a fair number. You
9:59
Speaker 4: don't want too much cash, you know. The the natural
10:04
Speaker 4: thought when you retire is that I can't take risks
10:07
Speaker 4: at all. Well, there's risk even in having too much cash.
10:10
Speaker 4: Your money is lazy, it's not earning for you. You know,
10:13
Speaker 4: cash is an investment tool, and it's a short term tool.
10:18
Speaker 4: Your stocks and your bonds and those things are longer
10:21
Speaker 4: term tools, and and you have to treat them differently.
10:26
Speaker 4: You know, cash is for oh gosh, I need to
10:29
Speaker 4: place replace my roof on my house and I need
10:32
Speaker 4: fifteen thousand dollars. Well, the cash is there for that
10:36
Speaker 4: to deal with that ventsuality that that happens, And now
10:41
Speaker 4: you don't have to liquidate the market. You know, the
10:44
Speaker 4: market goes up and down where cash doesn't in value.
10:48
Speaker 4: You want to be able to control your exit from
10:50
Speaker 4: the market. So if if, for instance, the market happens
10:55
Speaker 4: to be down and you need a new roof all
10:58
Speaker 4: of a sudden, you don't want to have to liquidate
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Speaker 4: the market while it's down. Having that emergency fund gives
11:04
Speaker 4: you the tool you need to go ahead and replace
11:07
Speaker 4: that roof and treat your investments as they should be
11:11
Speaker 4: as long term investments. Then when the market recovers, you
11:14
Speaker 4: can elect to liquidate and fill up those cash balances again.
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Speaker 4: And so it just gives you. It gives you flexibility
11:23
Speaker 4: in your financial planning to have a little bit of cash.
11:26
Speaker 4: But too much cash is lazy money. It's not going
11:29
Speaker 4: to grow, it's not going to keep up with inflation
11:32
Speaker 4: over time. I mean you can see that. Just look
11:34
Speaker 4: at everything you buy right now and compare it to
11:37
Speaker 4: twenty years ago. Your cash has lost a lot of value.
11:41
Speaker 4: So if you're too cautious, you're actually exposing yourself to
11:46
Speaker 4: another type of risk. It's not that you're avoiding risk,
11:50
Speaker 4: you're just shifting which risk that you're choosing to take on.
11:53
Speaker 3: Yeah, I remember the first time that that was like
11:56
Speaker 3: illustrated to me. I was much younger, but somebody was
11:58
Speaker 3: talking about the guy that hit a million dollars in
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Speaker 3: his mattress or whatever, you know, and the whole story
12:03
Speaker 3: was this was somebody, it was a it was either
12:05
Speaker 3: a class or a seminar or something that I was in,
12:07
Speaker 3: and the whole and the guy told this whole story
12:08
Speaker 3: about this guy was found, he found with a million
12:10
Speaker 3: dollars and his mattress. His family was so happy, YadA, YadA, YadA.
12:13
Speaker 3: And then the guy went back. I said, now let
12:15
Speaker 3: me retell the story as if this guy invested that money,
12:17
Speaker 3: and so then he went and told the story the
12:19
Speaker 3: same guy that he got this million dollars, YadA, YadA,
12:22
Speaker 3: and then his family had money for the rest of
12:23
Speaker 3: their lives. The you know what I mean, Like his
12:24
Speaker 3: investment turned off into something that ended up being more
12:27
Speaker 3: generational than it was just to help his immediate family
12:30
Speaker 3: when he passed and they found the the the money
12:33
Speaker 3: and his mattress. And it's a very illustrative story because
12:35
Speaker 3: you think, hey, a million dollars, I'm going to shove
12:38
Speaker 3: it in this this this lock box or whatever, and
12:40
Speaker 3: then when I retire, I want to have this million
12:41
Speaker 3: dollars here. Well, you know, if it's thirty years before
12:43
Speaker 3: you retire, a million dollars sounds like a lot of money. Now,
12:46
Speaker 3: it's not necessarily going to be a lot of money then.
12:49
Speaker 4: I mean, this is an old concept. I mean it
12:51
Speaker 4: goes back even in the in the Bible, it talks
12:55
Speaker 4: about the you know, the the king leaves the talents
13:02
Speaker 4: is in the parable to three people to manage while
13:07
Speaker 4: he's gone, and one buries it because he's afraid, and
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Speaker 4: the other two invest it with varying results. And in
13:15
Speaker 4: the end, when the servant comes back. He's mad at
13:17
Speaker 4: the one that buried it because he didn't put those
13:21
Speaker 4: talents to use and took it away from them.
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Speaker 3: And essentially that's.
13:26
Speaker 4: What happens when you when you have too much cash,
13:28
Speaker 4: it gets taken away from you.
13:29
Speaker 3: Yes, it's very wise. And his person actually had a
13:32
Speaker 3: follow up question which I guess does play in pretty
13:34
Speaker 3: well with that. Should I then pay off my mortgage
13:37
Speaker 3: before I retire or is it best to keep it?
13:40
Speaker 4: Well, I mean that is something that is very you know, individual.
13:45
Speaker 4: There's not a black and white answer there. I mean,
13:47
Speaker 4: it is ideal not to have a mortgage when you
13:50
Speaker 4: enter into retirement. You know, a mortgage can represent a
13:53
Speaker 4: pretty good cash flow need that you have in retirement,
13:56
Speaker 4: so ideally you want to retire without a mortgage. That
14:00
Speaker 4: being said, if you're at retirement and still have a mortgage,
14:03
Speaker 4: then you have to look at your individual financial situation
14:06
Speaker 4: and say, Okay, where is this money coming from that
14:09
Speaker 4: I'm paying this mortgage off with am I having to
14:13
Speaker 4: take it out of tax deferred investments and pay a
14:15
Speaker 4: bunch of taxes on that, And then you have to
14:18
Speaker 4: weigh out the cost of that interest. I mean, there
14:22
Speaker 4: are all kinds of factors that go in there. You know,
14:24
Speaker 4: if you have a three percent mortgage, you know, mathematically
14:28
Speaker 4: it probably doesn't make sense to pay that off. If
14:30
Speaker 4: you have investments that are earning even fixed now at
14:34
Speaker 4: four or five percent or more, you know, why would
14:37
Speaker 4: you take money that's that's reliably paying you four or
14:43
Speaker 4: five percent guaranteed or ensured to pay off something that
14:48
Speaker 4: costs you three percent. But there again, then there's cash flow.
14:52
Speaker 4: So you know, situations that you have to look at.
14:56
Speaker 4: So it's a very individual situation. It's not black and
14:58
Speaker 4: white whether you should pay off mortgage early, other than
15:02
Speaker 4: say it is ideal if you get into retirement and
15:06
Speaker 4: have that taken care of already.
15:08
Speaker 3: So if you've heard and sometimes especially in this wild
15:11
Speaker 3: than the Wild West of like TikTok advice and stuff
15:13
Speaker 3: like that, you hear people give wild advice like, hey,
15:15
Speaker 3: you should, you should have many mortgages in your I mean,
15:17
Speaker 3: you never because there's tax loops and you can do this,
15:20
Speaker 3: and you do it, just don't you know. Generally speaking,
15:24
Speaker 3: contact the financial consultant to give John a call, ask
15:27
Speaker 3: him the situation that you're in. But chances are it's
15:30
Speaker 3: not a better situation to be holding paper when you're
15:33
Speaker 3: in retirement than not to hold paper. I mean, you know,
15:36
Speaker 3: like John said, their circumstances may vary, but chances are
15:39
Speaker 3: that you want to be as deaf free as you
15:40
Speaker 3: possibly can.
15:41
Speaker 4: Yeah, I mean that is the that is the ideal
15:43
Speaker 4: of you know, when you think about retirement, what are
15:46
Speaker 4: you trying to do? You're trying to duplicate your lifestyle
15:52
Speaker 4: while you're working now that you're not working. I mean
15:55
Speaker 4: that's what most people want to do, and you know,
15:58
Speaker 4: to do that it takes money. Well, obviously if you
16:01
Speaker 4: don't have those fixed costs like mortgages in that budget,
16:06
Speaker 4: it takes much less money. It's just really I don't
16:09
Speaker 4: care what the tax savings are or this, that or
16:12
Speaker 4: the other. It all comes down to cash flow and
16:17
Speaker 4: certainly having a house paid for by the time you
16:19
Speaker 4: reach retirement it's a great goal. Yeah.
16:22
Speaker 3: A couple of years ago, we talked a lot about
16:23
Speaker 3: the meme stocks that were like the GameStop stuff and
16:26
Speaker 3: things like that, and how like some of these online
16:28
Speaker 3: cultures were really you know, creating little bubbles of trends
16:32
Speaker 3: and different things along those lines, and it just dawned
16:35
Speaker 3: on me as I mentioned something a second because something
16:37
Speaker 3: I meant to bring up to you because I saw
16:38
Speaker 3: this the other day, and this was seriously one of
16:40
Speaker 3: those online these one little trick things. I don't really
16:44
Speaker 3: get onto these social media as much anymore, so mostly
16:47
Speaker 3: what I see is people that like send something to
16:49
Speaker 3: me and it was like, hey, check this out. This
16:50
Speaker 3: was really bizarre. So this one was pretty good because
16:53
Speaker 3: it was an old buddy of mine that I used
16:54
Speaker 3: to do mortgages with back in the day, and just
16:57
Speaker 3: to show how everything old is new again, there's this
16:59
Speaker 3: one easy trime that you can do to make all
17:01
Speaker 3: kinds of money that's making its way on social media
17:03
Speaker 3: right now, and through the elaborate setup of this guy
17:06
Speaker 3: explaining how you can with making one purchase, how you
17:10
Speaker 3: never have to make another purchase, and you can get
17:11
Speaker 3: all these investment properties and different things like this. He's
17:14
Speaker 3: just talking about flipping houses. But the worst possible advice
17:18
Speaker 3: in flipping houses in using the proceeds from one exclusively
17:21
Speaker 3: to build another, and another and another, and using one
17:24
Speaker 3: to pay for the next to the next, basically building
17:26
Speaker 3: this whole potankment village of bs that's just ready for bankruptcy.
17:32
Speaker 3: I'm sitting here listening to this guy. I'm like, oh
17:34
Speaker 3: my god, this is the financial crisis, right that he
17:37
Speaker 3: is like telling people to go do well.
17:39
Speaker 4: And like you say, with social media, it's it's so
17:42
Speaker 4: easy to get bad advice there. And you have to
17:44
Speaker 4: remember some of these folks that are on here, they
17:48
Speaker 4: haven't even done what they're talking about. These are people
17:53
Speaker 4: trying to get views and followers.
17:56
Speaker 3: And this kid was like twenty it donned on me.
17:57
Speaker 3: He didn't even live through it, right, you know.
18:00
Speaker 4: And and there are actually studios in big cities. You know.
18:03
Speaker 4: You see these folks on social media and they, you know,
18:06
Speaker 4: in front of the Lambeau and all these fancy homes
18:10
Speaker 4: and this. There are actually sets in major cities for
18:15
Speaker 4: these quote influencers to go look like their success.
18:20
Speaker 3: Oh yes, yes, you know.
18:23
Speaker 4: These folks that are giving this advice really most of
18:26
Speaker 4: them have never even executed it.
18:30
Speaker 3: You can actually find stories where there's been like contract
18:34
Speaker 3: disputes with somebody that's let somebody use their house and
18:37
Speaker 3: then like something happens to it and like it was
18:38
Speaker 3: just an influencer borrowing or like renting a house to
18:41
Speaker 3: give the presentation of something. And this is a trick
18:44
Speaker 3: as old as time. I mean, maybe not as old
18:45
Speaker 3: as time, but at least as old as MTV. Because
18:47
Speaker 3: back in the day, with that old show MTV cribs,
18:50
Speaker 3: like two out of every three cribs weren't that person's
18:52
Speaker 3: crib or somebody else's that they got to make them
18:55
Speaker 3: look more rich than what they actually were. And you're right,
18:58
Speaker 3: the influencers do stuff like that all the time because
19:00
Speaker 3: it's all about perception. Most of these people are starving
19:02
Speaker 3: and broke, and they they and they give the pretense
19:05
Speaker 3: of success because they try try to make you follow
19:07
Speaker 3: what they're doing and then send them money so they're
19:09
Speaker 3: not starving and broke anything.
19:10
Speaker 4: That's right. That's how that works.
19:12
Speaker 3: Don't fall for that. Don't fall for that. We're getting
19:15
Speaker 3: some calls in on our tax line this morning. We
19:17
Speaker 3: still have a couple of those we'll get to when
19:18
Speaker 3: we come back. And plus we can take your phone calls,
19:20
Speaker 3: real live phone calls at three zero four three four
19:22
Speaker 3: five fifty fifty eight three zero four three four five
19:24
Speaker 3: fifty eight fifty eight. We're going to talk about shifting
19:27
Speaker 3: investments into bonds a little bit when we come back
19:29
Speaker 3: and plus. Hopefully your questions give us a call. Three
19:31
Speaker 3: zero four three four five fifty eight fifty eight. John
19:33
Speaker 3: Bredet is here from Fourth Avenue Financial. More information online,
19:35
Speaker 3: It's fourth Avenue Financial dot com. You can find that
19:37
Speaker 3: once again at fourth Avenue Financial dot Com. Located also
19:41
Speaker 3: on Facebook. You can do that same search for Fourth
19:43
Speaker 3: Avenue Financial and find it there. We're going to and
19:45
Speaker 3: take a break and be back right after this. You're
19:47
Speaker 3: listening to retire Right Radio. I'm Del Cooper. That's John
19:49
Speaker 3: Bredet on five eight wc HS, the Voice of Charleston.
19:51
Speaker 3: Retire Right Radio was sponsored by Fourth Avenue Financial, which
19:54
Speaker 3: is Solar responsible for its content. Security is offered through
19:56
Speaker 3: jw CALL Financial member Fenricipic. Investment advice offers through JW
20:00
Speaker 3: CO Advisors Fourth Avenue Financial. JW CO Financial and JW
20:03
Speaker 3: CO Advisors are unaffiliated entities. The opinions expressed by John
20:07
Speaker 3: Bredett should not be construed as specific investment, legal, or
20:10
Speaker 3: tax advice. All economic and performance information is historical and
20:13
Speaker 3: not indicative of future results. Investing may involve risk of
20:16
Speaker 3: loss of principle. Any tax advice on this show is
20:19
Speaker 3: not intended to be used by any person for the
20:21
Speaker 3: purpose of avoiding US federal or state tax penalties that
20:24
Speaker 3: may be imposed on such a person, and each listener
20:26
Speaker 3: should seek advice from their tax advisor or legal console
20:30
Speaker 3: on topics that arise from the show. John Bredett is
20:32
Speaker 3: not providing legal or tax advice. Nothing should be construed
20:35
Speaker 3: as solicitation of an offer to buy securities. This program
20:38
Speaker 3: is sponsored by Fourth Avenue Financial, which is solely responsible
20:41
Speaker 3: for its content. Hi.
20:42
Speaker 5: I'm Brittany Heddrick as an environmental project manager at CEC
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Speaker 6: Adventure is boundless. Adventure is a journey that never ceases.
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21:41
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21:42
Speaker 2: This is Retire Rife Radio with John Burdad from Fourth.
21:46
Speaker 6: I'm Chapel in the WCHS Network traffic studio.
21:52
Speaker 2: This is Retire Rife Radio with John Burdad from Fourth
21:56
Speaker 2: Avenue Financial. Taking your calls at three oh four three
22:00
Speaker 2: four five fifty eight fifty eight or text on three
22:03
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22:13
Speaker 3: Comment to me in the mom and then you're listening
22:20
Speaker 3: soon Retire Right Radio five ADWCHS the Voice of Charleston.
22:24
Speaker 3: I'm Del Cooper. Thanks so much for tuning in when
22:26
Speaker 3: this Monday morning, You're welcome to gi us A call
22:28
Speaker 3: this morning if you have any questions for John Burdett
22:29
Speaker 3: from Fourth Avenue Financial about how you can retire right,
22:32
Speaker 3: If you have any questions about market influences, what you
22:35
Speaker 3: should do as far as building up your portfolio for retiring. Uh,
22:39
Speaker 3: maybe you find yourself in like a midlife pause. You
22:42
Speaker 3: recently switched jobs, or unfortunately maybe got laid off from something.
22:45
Speaker 3: You find yourself in a little different situation than what
22:47
Speaker 3: you were maybe in a year ago or a couple
22:49
Speaker 3: of years ago, and you're wondering, what the heck do
22:51
Speaker 3: I do now? How do I catch up, or how
22:52
Speaker 3: do I change? You know, those are things that happen
22:54
Speaker 3: to folks, and you may not think that there are
22:56
Speaker 3: strategies that you can put into place that might help
22:58
Speaker 3: some of that shortfall or help the situation that you
23:01
Speaker 3: find yourself in that you didn't plan for. And sometimes
23:03
Speaker 3: all you need to do is ask a question. You
23:05
Speaker 3: give us a call this morning and ask Jowing your question.
23:06
Speaker 3: If you'd like three zero four three four five fifty
23:08
Speaker 3: eight fifty eight three zero four, three four five fifty
23:11
Speaker 3: eight fifty eight. You can also text over questions of
23:12
Speaker 3: three zerre four non three five five zero zero eighth.
23:15
Speaker 3: That is what the six eight one three four four did.
23:17
Speaker 3: With the question of what's a good age to start
23:19
Speaker 3: shifting more into bonds or safer investments.
23:23
Speaker 4: Well, I mean there's there's not a super right answer
23:27
Speaker 4: to that. I mean, as you get older, you want
23:29
Speaker 4: to be more conservative, certainly as as you reach retirement,
23:34
Speaker 4: you know, you hear a lot about a balance portfolio,
23:37
Speaker 4: and most folks when they say that that's roughly sixty
23:40
Speaker 4: percent stocks forty percent bonds. And now a few years ago,
23:44
Speaker 4: there were lots of articles, lots of news stories about
23:47
Speaker 4: how that was broken. And you know, it struggled for
23:51
Speaker 4: a few years, that strategy, that balance strategy, because interest
23:56
Speaker 4: rates were so low. Your bond portfolio, your income portion
24:01
Speaker 4: of your portfolio, it wasn't earning very much, so it
24:04
Speaker 4: didn't provide the buffer that it traditionally does to the
24:07
Speaker 4: volatility of the stock market. That relationship is now back,
24:14
Speaker 4: So if you bailed on that before, it really is
24:18
Speaker 4: is back in style, so to speak, because the interest
24:23
Speaker 4: you're not giving up so much by going into that
24:26
Speaker 4: fixed income. You know, you're getting four or five plus
24:28
Speaker 4: percent your on your bond portfolio, if you're hoping to
24:32
Speaker 4: get you know, eight, nine, ten percent on your stock portfolio.
24:37
Speaker 4: You blend that together and where are you at. You're
24:39
Speaker 4: at a seven eight percent long term rate of return
24:43
Speaker 4: with less volatility than the stock market. And that's perfect
24:48
Speaker 4: for a retirement portfolio because you're going to be drawing
24:52
Speaker 4: out maybe four percent of your of your balance each
24:56
Speaker 4: year to live your life. That still leaves some growth
25:00
Speaker 4: potential in there because you're earning more than that four
25:04
Speaker 4: percent you're drawing off, which helps you do what It
25:07
Speaker 4: helps you keep up with inflation. As prices go up,
25:11
Speaker 4: you need your portfolio to grow, so that four percent
25:13
Speaker 4: you're drawing out is of a larger balance. You know,
25:17
Speaker 4: if a lot of folks are well, if the market
25:19
Speaker 4: grows seven percent, why can't I take all seven percent out? Well,
25:22
Speaker 4: you can, but you're going to short change yourself down
25:26
Speaker 4: the road as the value of the dollar declines. And
25:30
Speaker 4: so it's a you know, it's almost a little bit
25:33
Speaker 4: of a moving target when you look at what your
25:36
Speaker 4: retirement needs are because what they are year one is
25:39
Speaker 4: going to be very different than what they're going to
25:41
Speaker 4: be year ten.
25:42
Speaker 3: And just from to make it easy on the math
25:44
Speaker 3: that you're talking about here, if you're if four percents
25:46
Speaker 3: you're numbering, you're increasing the pot that you're taking that from.
25:50
Speaker 3: Then four percent grows with it. So I mean, just
25:53
Speaker 3: if it started at one thousand dollars and four percent
25:55
Speaker 3: four hundred dollars, two thousand dollars, eight hundred dollars, you know,
25:57
Speaker 3: I mean, it would definitely help you along those lines
26:01
Speaker 3: or eight eighty dollars I guess as a zero thereabout.
26:06
Speaker 4: Don't call me called Dalnye.
26:07
Speaker 3: Right, yeah, my math works a lot better for you
26:10
Speaker 3: than what Johns does. At least I caught it there.
26:13
Speaker 3: But it does make sense. You grow the whole and
26:16
Speaker 3: you take the same percentage, and that's one way that
26:18
Speaker 3: you safeguard yourself against overextending or anything like that. You're
26:21
Speaker 3: always working with the same numbers.
26:23
Speaker 4: Right right, And you know that is the challenge as
26:27
Speaker 4: a retiree, that volatility, and that's another reason you bring
26:31
Speaker 4: that balance of bonds into the mix. The volatility of
26:34
Speaker 4: the market that doesn't hurt you when you're thirty years
26:37
Speaker 4: old and saving for retirement starts working against you if
26:42
Speaker 4: if you're too aggressive while you're drawing the money off
26:45
Speaker 4: of the account. So imagine, imagine two thousand and eight,
26:49
Speaker 4: the market was down close to forty percent. Let's say
26:52
Speaker 4: you're taking four percent out for retirement income and your
26:57
Speaker 4: market value falls forty percent. Well, now you're down forty
27:01
Speaker 4: four percent. The market has to rebound pretty strongly and
27:04
Speaker 4: pretty quickly, or you're going to run into trouble because
27:08
Speaker 4: what happens next year, you need another four percent, but
27:11
Speaker 4: the four percent now is seven percent. Because your balance
27:15
Speaker 4: is down so far. You get into a trap you
27:18
Speaker 4: can't get out of if you take on too much
27:21
Speaker 4: volatility while you're taking that distribution. And that's why bonds
27:26
Speaker 4: and fixed income really are necessary when you get to
27:31
Speaker 4: that distribution stage, because you can't take that volatility risk
27:35
Speaker 4: while you're pulling the money out for income.
27:38
Speaker 3: I have a question here from the threes AER four
27:40
Speaker 3: seven sixty seven. This is kind of interesting. I never
27:42
Speaker 3: thought about this before, or at least not in years.
27:44
Speaker 3: I actually had a similar situation years ago. I'm self
27:47
Speaker 3: employed and am concerned and use the ACA for my healthcare,
27:50
Speaker 3: and I'm concerned that I may not have access to
27:52
Speaker 3: the ACA anymore. What can I do now to start
27:55
Speaker 3: saving for healthcare in the future.
27:57
Speaker 4: Ah, well, saving, that's a good, that's good.
28:01
Speaker 3: Can a private person get an HSA? Can you do that?
28:03
Speaker 3: Or you can get one?
28:03
Speaker 4: Okay, yeah, I mean yes, depending on the situation, yes, yes,
28:08
Speaker 4: And and that way you can save and have the
28:11
Speaker 4: tax advantages of that, and hopefully that money grows over
28:15
Speaker 4: time as well, and when you need it you can
28:18
Speaker 4: you can draw it out for healthcare expenses. But certainly
28:22
Speaker 4: healthcare is a major issue as you get closer to
28:26
Speaker 4: retirement and in retirement, particularly if you retire early. You know,
28:32
Speaker 4: for instance, let's say you retire before medicare, what are
28:36
Speaker 4: you going to do to fill that gap? Healthcare keeps
28:40
Speaker 4: a lot of people in the workforce that otherwise would
28:42
Speaker 4: be ready to retire.
28:43
Speaker 3: Oh yeah, right, because you can't afford it otherwise.
28:45
Speaker 4: Yeah, absolutely so, So if you have those type of
28:48
Speaker 4: thoughts or plans, I mean, that's certainly something you want
28:51
Speaker 4: to look at. How am I going to bridge that gap?
28:53
Speaker 3: Yeah? Because it could be I mean, and that is true.
28:55
Speaker 3: I mean, we don't know what's going to happen, if anything,
28:57
Speaker 3: as far as the ACA goes. But I know, pre ACA,
29:01
Speaker 3: my ex wife, it took. I mean it took a
29:03
Speaker 3: really complicated situation. She had a major medical issue that
29:08
Speaker 3: ended up being a birth defect basically that was undiagnosed
29:11
Speaker 3: for twenty some years. No insurance would touch it. I mean,
29:14
Speaker 3: we had insurance that we paid for privately as self
29:16
Speaker 3: employed people, but no insurance would touch it as a
29:18
Speaker 3: pre existing condition. And it was a quarter of a
29:20
Speaker 3: million dollar fix to try to brain surgery to try
29:24
Speaker 3: to get it fixed. And my only solution then was
29:28
Speaker 3: to stop being self employed. I had to get a
29:29
Speaker 3: job with a company that offered insurance to get pre
29:32
Speaker 3: existing conditions covered. I'm not sure we want to come
29:35
Speaker 3: back to that to be I mean, I don't know
29:36
Speaker 3: what the perfect solution is. I'm not an expert with it,
29:39
Speaker 3: but me giving up a livelihood that I worked hard
29:42
Speaker 3: for and was happy with to get medical care from
29:45
Speaker 3: my ex wife was a difficult decision to make, but
29:48
Speaker 3: it was, I mean, for health, it had to be done.
29:50
Speaker 3: There was I tried to create an insurance exchange with
29:55
Speaker 3: other retailers. I tried to go around and be like, hey,
29:58
Speaker 3: if we get enough people together, I'm working with United Healthcare.
30:00
Speaker 3: They might help us put together in exchange we could
30:02
Speaker 3: get some kind of health here. Nobody was an interested
30:04
Speaker 3: and I tried everything, and that's all that I can do.
30:06
Speaker 3: So I mean it, I understand the concern there. I mean,
30:08
Speaker 3: that's really something that if it changes that a lot
30:11
Speaker 3: of people may not be able to.
30:12
Speaker 4: Afford that right, and small businesses are you know a
30:16
Speaker 4: huge disadvantage in those Oh.
30:18
Speaker 3: Yeah, believe me, I found I mean there was literally nothing.
30:21
Speaker 3: I mean, we were successful, we made good money. There
30:23
Speaker 3: was no issue with our business planned at all. Our
30:25
Speaker 3: business was fine. But once this one medical issue came up,
30:28
Speaker 3: we just could not afford to do it. We couldn't
30:30
Speaker 3: afford to get her taken care of. Was that a
30:32
Speaker 3: tough situation.
30:33
Speaker 4: Yeah, even even in my small business, the healthcare, the
30:37
Speaker 4: insurance premiums are percentageized. The biggest line item in my
30:41
Speaker 4: budget for my for my business, right.
30:43
Speaker 3: Right, And which is why you know it just and
30:46
Speaker 3: management talk. And this is one of the things that
30:48
Speaker 3: Frush makes me sometimes when we when we elevate somebody
30:50
Speaker 3: to the full time and employment I had this happened
30:52
Speaker 3: to me a couple of years ago. We elevated a
30:53
Speaker 3: young man to full time employment and make a pretty
30:56
Speaker 3: decent wage and everything else. But he was scandalized, number one,
30:59
Speaker 3: by the amount of it. He had worked different types
31:01
Speaker 3: of jobs most of his life, so he was scandalized
31:03
Speaker 3: by the amount of taxes that was being taken out
31:05
Speaker 3: of his paycheck. He's like, welcome to the real world, buddy. Yeah,
31:07
Speaker 3: that's the way, that's the way those things work to
31:10
Speaker 3: some degree. But he was he wanted the healthcare but
31:12
Speaker 3: was complaining about the cost of healthcare. Is like, why
31:14
Speaker 3: does this have to cost me the X amount? It
31:16
Speaker 3: was just a single guy and I'm looking at this.
31:17
Speaker 3: I'm like, man, you have no idea how little you're paying.
31:19
Speaker 3: I can confidently say here under in WVRC media, they
31:23
Speaker 3: do a very good job with with what we get
31:25
Speaker 3: on our medical benefits. And he didn't understand the term benefit.
31:29
Speaker 3: He just saw it as being, well, I'm paying fifty
31:31
Speaker 3: dollars a paycheck or whatever for my medical coverage. Here's
31:34
Speaker 3: that's a ripoff. I'm like, brother, that is not a
31:37
Speaker 3: rip off.
31:38
Speaker 4: Another five hundred dollars somebody else.
31:39
Speaker 3: Yeah, do you want to see what the company pays
31:41
Speaker 3: for that? Because you are not getting ripped off, trust me,
31:43
Speaker 3: I see the numbers. You're not. And so there is
31:46
Speaker 3: That's something you do have to take into a consideration.
31:48
Speaker 3: If you're somebody that's going to be a retirement you
31:50
Speaker 3: were going to miss at first, if you're retiring early,
31:53
Speaker 3: that's something you really have to plan for because depending
31:55
Speaker 3: on your access at this time to ACA or anything
31:57
Speaker 3: else that might be out there, taking care of yourself
32:01
Speaker 3: from a health perspective could get very expensive, very quickly.
32:04
Speaker 4: Yep, Yeah, no doubt about it. Even like you say
32:06
Speaker 4: self employed, that's I'll kind of count myself. I have
32:09
Speaker 4: a small company. My family coverage is over three thousand
32:13
Speaker 4: dollars a month.
32:14
Speaker 3: As you know.
32:15
Speaker 4: Now most people out there working, you know, they don't
32:19
Speaker 4: pay that much. But somebody is, right, yeah, the company
32:22
Speaker 4: is yeah right, and so would you have you know,
32:24
Speaker 4: those those jobs in corporate America, I mean those certainly are.
32:29
Speaker 4: That's that's a part of your cost of employment. That's
32:32
Speaker 4: that's like a wage to you, as far as the employer.
32:35
Speaker 3: Is the benefit exactly, it's part of what goes into
32:38
Speaker 3: that from the three eser A four four to one five.
32:40
Speaker 3: My sister was retired on Social Security and would like
32:42
Speaker 3: to move her twenty thousand dollars four one K into
32:45
Speaker 3: an easier access product. She's seventy. How can she avoid
32:49
Speaker 3: interest for withdraw.
32:52
Speaker 4: Well, if if it's in an IRA, you're not going
32:56
Speaker 4: to avoid taxes. You're going to have to pay taxes,
32:59
Speaker 4: would you when you draw that out it's in a
33:02
Speaker 4: four one K at a four week same thing? Tax Yes,
33:06
Speaker 4: I mean there's really no way around that if taxes
33:09
Speaker 4: have never been paid on that money. When it's taken out,
33:13
Speaker 4: the government's going to take the tax.
33:15
Speaker 3: Was it taken going in, It's going to come out
33:17
Speaker 3: taken out there.
33:18
Speaker 4: And the only difference there is if possibly that were
33:22
Speaker 4: a wroth for a one k, so some of that
33:25
Speaker 4: money might be taxed already taxed, and then it's tax
33:29
Speaker 4: free when it comes out.
33:30
Speaker 3: So it's not interest you're getting all withdraw. It's taxes
33:32
Speaker 3: you're getting to draw.
33:33
Speaker 4: Yes, it's taxes. Yes, I mean, ideally you want to
33:36
Speaker 4: earn interest as much as you can. But but you know,
33:42
Speaker 4: at seventy in this example here, you're past the penalty
33:48
Speaker 4: age of fifty nine and a half, which is a
33:51
Speaker 4: ten percent penalty if you're younger than fifty nine and
33:53
Speaker 4: a half, and you take out your money from tax
33:56
Speaker 4: deferred investments. So at age seventy you don't have the
33:59
Speaker 4: ten percent penalty anymore, but you certainly are going to
34:02
Speaker 4: have taxes on it.
34:03
Speaker 3: So yeah, so the penalty's gone, You're fine with that,
34:05
Speaker 3: But your taxes you got to pay them one way
34:07
Speaker 3: or the other. Yeah. So in this case, if it's
34:09
Speaker 3: a four to one k, that was TAXI third, you're
34:10
Speaker 3: going to pay for it.
34:11
Speaker 4: Yeah, to end, depending on your personal tax situation. You know,
34:14
Speaker 4: some people will take that out over a couple of
34:17
Speaker 4: years to spread those taxes out. But you know, my
34:21
Speaker 4: guess with the balance that was mentioned there probably isn't
34:24
Speaker 4: going to make that much of a difference.
34:27
Speaker 3: That's great information with John BREDBT for Fourth Avenue Financial.
34:29
Speaker 3: Let me get the information out to you one more time.
34:31
Speaker 3: I don't think there's any question that came in that
34:33
Speaker 3: I could get into before the end of the program. Okay,
34:36
Speaker 3: that's a good stuff. Let me get your information for
34:37
Speaker 3: Fourth Avenue Financial so you can get a hold of
34:40
Speaker 3: job bre debt if if you need some advice on
34:42
Speaker 3: how you can retire right. Fourth Avenue Financial is located
34:44
Speaker 3: here in downtown Charleston, one seventy Court Street, Downtown Charleston,
34:48
Speaker 3: and their phone numbers three es are four seven four
34:50
Speaker 3: six seven done seven seven threes are A four seven
34:52
Speaker 3: four six seven done seven seven is the phone number
34:55
Speaker 3: you can call. Located online at Fourth Avenue Financial dot com.
34:58
Speaker 3: You can also do that same You can do that
35:00
Speaker 3: same search on Facebook and like the page over there.
35:02
Speaker 3: Dollars to doughnuts, you have any of those coming up
35:04
Speaker 3: this summer.
35:05
Speaker 4: We're definitely going to have some things going on. I
35:08
Speaker 4: am going to be out next week. We have a
35:12
Speaker 4: guest coming in, Dan Smithson from Star USA Federal Credit Union.
35:15
Speaker 4: It's going to come in and fill in for me.
35:17
Speaker 4: But yes, when I return from vacation, we've got some
35:20
Speaker 4: things on tap.
35:21
Speaker 3: So if you if you want to keep up to
35:23
Speaker 3: date with those things, you can head on over to
35:24
Speaker 3: the Facebook page and like it over there, that's Fourth
35:27
Speaker 3: Avenue Financial. You do that same or that full search
35:30
Speaker 3: on Facebook. You can like the page and fourth Avenue
35:31
Speaker 3: Financial dot com is the website once again located why
35:35
Speaker 3: seven of Court Street. Their phone number three zero four
35:36
Speaker 3: seven four six seven non seven seven three zero four
35:39
Speaker 3: seven four six seven none seven seven three zero four
35:41
Speaker 3: seven four six seven nine seven to seven is the
35:45
Speaker 3: number that you can call for that. Jon Bredet and
35:47
Speaker 3: Retire Right Radio every Monday morning right here on five
35:50
Speaker 3: eight w c HS coming up later today on the
35:53
Speaker 3: radio station. The Reds are off tonight after beating winning
35:57
Speaker 3: the series over the weekend against Detroit. Great series from
36:01
Speaker 3: Eli Day La Cruz and some good pitching from Cincinnati
36:03
Speaker 3: and Spurts this weekend, so they're now above five hundred
36:06
Speaker 3: and opening up a homestand with the Twins. That's going
36:09
Speaker 3: to start on Tuesday night at seven o'clock. No baseball
36:12
Speaker 3: tonight on five ADWCCHS. However, we will have the NBA Finals.
36:17
Speaker 3: That is a game. What is that game five tonight
36:19
Speaker 3: between Indiana and Oklahoma City. We're going to go ahead
36:23
Speaker 3: and wrap up the show today, John, thank you so
36:24
Speaker 3: much for your time today and all of the insights
36:26
Speaker 3: into helping folks on how they're going to retire right.
36:29
Speaker 3: All right, thank you. We'll see you back here, not
36:31
Speaker 3: next week, but the week after that. Yes, sounds great.
36:34
Speaker 3: That's John Burdett with Fourth Avenue Financial. More information online.
36:36
Speaker 3: As always, it is Fourth Avenue Financial dot Com. That's
36:39
Speaker 3: Fourth Avenue Financial dot Com. Every Monday morning at eight
36:42
Speaker 3: twenty right here on WCCHS for retire Right Radio, Fourth
36:45
Speaker 3: Avenue Financial located What is up next? For fivety Live
36:47
Speaker 3: Dave Wilson and TJ. Bick for talk Line at ten
36:49
Speaker 3: o six and I'll be this afternoon with Dave weekly
36:51
Speaker 3: at three oh six one hotline. Have a great to
36:53
Speaker 3: everyone on five eight WCHS. The Voice of.
36:55
Speaker 7: Charleston five a E w c h S A F
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Speaker 7: nine six point five f M Charleston at one oh
37:05
Speaker 7: four point five Cross Lanes, a.
37:07
Speaker 2: W v r C media station. We are proud to
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Speaker 2: live here too,