Latest / Ron Verb / Thursday 6pm hour 04/30/26

Transcript

Thursday 6pm hour 04/30/26 · Ron Verb

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  Speaker 1: NewsRadio 570 WKBN, Ron Verp, 605. And onward we go.
• 0:05
  Speaker 1: 330-729-9977 if you've got questions late in the broadcast for
• 0:11
  Speaker 1: John Arnold. And we welcome, the show is called Money Talks,
• 0:15
  Speaker 1: and here is John Arnold.
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  Speaker 2: Hello, John.
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  Speaker 3: Hello, Ron. We got a good copy here?
• 0:20
  Speaker 2: We got a good copy.
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  Speaker 3: Over. Right over. Hey, I'm traveling on the turnpike to
• 0:27
  Speaker 3: Pittsburgh Airport, and I want to make sure that I
• 0:30
  Speaker 3: get a copy. So thank you for that.
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  Speaker 2: No, that you do.
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  Speaker 1: And I think we got some interesting things to talk
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  Speaker 1: about here tonight, right?
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  Speaker 3: We do. We do. I just got done doing a
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  Speaker 3: podcast with Mike Case. We started a podcast on Facebook
• 0:45
  Speaker 3: and YouTube video, whatever. It's a very exact topic that
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  Speaker 3: we're going to talk about tonight, which is estate planning.
• 0:52
  Speaker 3: which is boring, but at the same time needed. And
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  Speaker 3: what we found in our discovery is seven out of
• 1:00
  Speaker 3: ten people don't have even a will. for their estate plan,
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  Speaker 3: which is insane to me. So I think it'd be
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  Speaker 3: a good topic to talk about tonight, and hopefully you
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  Speaker 3: and I can carry the airwaves with that and go
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  Speaker 3: from there.
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  Speaker 1: Well, I think that's a good place to start, and
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  Speaker 1: it's something that everybody should be concerned about. So let's
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  Speaker 1: hear about it, John. And so you're talking estate planning, basically.
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  Speaker 3: Yep. Okay. So I love talking about the old days.
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  Speaker 3: So I started... at the end of 99 at a
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  Speaker 3: firm called Brennan Financial Group, which is a subsidy of MetLife, okay?
• 1:34
  Speaker 3: So you can imagine, they really want us to learn
• 1:37
  Speaker 3: everything about mutual funds, life insurance, and annuities, especially life insurance.
• 1:42
  Speaker 3: Life insurance is by far the most profitable entity of
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  Speaker 3: any insurance company, by far better than property and casualty
• 1:50
  Speaker 3: or health insurance, all right? And so because of that,
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  Speaker 3: they were drilling us on estate planning. So they would
• 1:56
  Speaker 3: teach us the ins and outs of estate planning and
• 1:59
  Speaker 3: why it's so important. And their ultimate goal was to
• 2:01
  Speaker 3: get us to sell life insurance to people. And we'll
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  Speaker 3: go on to that in another subject. But right now,
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  Speaker 3: I can tell you, I learned a ton about estate
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  Speaker 3: planning in a very young age in this business because
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  Speaker 3: that's what I was forced to do. I had to
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  Speaker 3: get X amount of life insurance contracts in order for
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  Speaker 3: me to keep my job at MetLife slash Brennan Financial Group.
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  Speaker 3: So I learned a lot about it. So what I
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  Speaker 3: learned is through talking with people, they could care less
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  Speaker 3: if they had life insurance or doing an estate plan,
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  Speaker 3: but yet they would spend two grand on a new
• 2:37
  Speaker 3: dishwasher or a refrigerator, or even more importantly, a frivolous vacation.
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  Speaker 3: And meanwhile, they left their, for lack of better words,
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  Speaker 3: their estate naked. So You know, if you don't have
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  Speaker 3: named beneficiaries and or a will or something that designates
• 2:52
  Speaker 3: where you want your assets to go at death, it
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  Speaker 3: goes to probate. And probate means a year and a
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  Speaker 3: half in court. It means hiring an attorney. And it
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  Speaker 3: means paying probate fees. And then there's a deeper heartfelt
• 3:02
  Speaker 3: version here that no one realizes because they're not in
• 3:06
  Speaker 3: the business side. And I met with many widows and
• 3:09
  Speaker 3: people who lost their wife out of nowhere. They don't
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  Speaker 3: know where things are at. Their heart. is so destroyed
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  Speaker 3: and their brain is so destroyed because unexpectedly their spouse died.
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  Speaker 3: They have kids to raise. They don't know where the
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  Speaker 3: money's coming from. They don't know where the life insurance
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  Speaker 3: policies are at. They don't know what they're entitled to.
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  Speaker 3: None of that. And if they just took an hour
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  Speaker 3: or a couple hours and met with a good estate
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  Speaker 3: planning attorney and figured it out and spent the money,
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  Speaker 3: then they would have a turnkey solution and a blueprint
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  Speaker 3: at that worst day or that worst time of their
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  Speaker 3: life to at least know what's coming in and what's
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  Speaker 3: going out. And what we're finding is people don't normally
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  Speaker 3: give a rat's patoot. And that's sad. So this program
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  Speaker 3: is to kind of shock jock our listenership and my
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  Speaker 3: former clients that are with Rockport now and just say, hey, listen,
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  Speaker 3: it's probably time to take this a little bit seriously.
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  Speaker 3: I don't care if you're 25, 75, or 36. You
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  Speaker 3: need to be taking this seriously. Unless you're a street bum,
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  Speaker 3: this matters.
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  Speaker 1: Absolutely, estate planning, because done right, you'll be able to
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  Speaker 1: keep some of your stuff. Done wrong, you won't be.
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  Speaker 1: And also, if you don't prepare, you can lose say-so
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  Speaker 1: over who gets what, right?
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  Speaker 3: Exactly. And it's just named like it says. Let's pretend
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  Speaker 3: that I'm XYZ family, and we have a million-dollar estate.
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  Speaker 3: We got a couple IRAs. We got some money in
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  Speaker 3: the bank. We got some CDs. We got an annuity.
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  Speaker 3: We got... Cold pension plans, we've got a big house,
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  Speaker 3: et cetera, and we have two kids. And one of
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  Speaker 3: the main breadwinners dies, and they don't have an estate plan.
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  Speaker 3: They don't have their accounts, TOD, joint, let's say mom
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  Speaker 3: and dad don't share money. They don't have the proper
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  Speaker 3: items in place or the vehicles or the titles. The
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  Speaker 3: wife has to go to court, probate court, and wait
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  Speaker 3: it out to get the assets back. to help support
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  Speaker 3: the family. Meanwhile, she's trying to raise kids, and she's
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  Speaker 3: lost what should be her best friend and her spouse.
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  Speaker 3: And that's a nightmare. And what I'm finding is, is really,
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  Speaker 3: people don't want to talk about their demise. They don't
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  Speaker 3: want to, it's not real in their mind. You know,
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  Speaker 3: they're never going to die, and it's never going to
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  Speaker 3: be the end of the road. Here's the thing. You
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  Speaker 3: don't want to be talking, if you go down from
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  Speaker 3: the heavens and see your wife and kids struggling because
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  Speaker 3: you didn't take a couple hours and spend $ 1, 000 to
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  Speaker 3: get your estate in place, well, shame on you. Because
• 5:39
  Speaker 3: your job as a man or a woman is to
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  Speaker 3: protect your family at all costs. And like it or not,
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  Speaker 3: talking about your demise is a real thing. Get your
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  Speaker 3: plan in place.
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  Speaker 1: And you don't know at what age that could come
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  Speaker 1: from any type of things, illness, auto accidents, any number
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  Speaker 1: of things. And people like to put it off until
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  Speaker 1: later on. And certainly you should do it while you're
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  Speaker 1: still healthy and young enough in some cases to get
• 6:04
  Speaker 1: behind that look-back period of five years. when your assets
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  Speaker 1: can be taken. But there's a lot of things that
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  Speaker 1: you can do here, John.
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  Speaker 2: Wills, trust.
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  Speaker 1: I mean, there's a lot of options that are available there,
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  Speaker 1: including making your wishes known for what type of medical
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  Speaker 1: care you want or don't want.
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  Speaker 3: Yeah, and you can elaborate more than that. Here's the
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  Speaker 3: reason we've got to talk regularly because, of course, I'm
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  Speaker 3: not a licensed attorney. But I can tell you from experience,
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  Speaker 3: I shared an office with Attorney Dre, who was a
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  Speaker 3: great estate planning attorney for years. And I learned so
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  Speaker 3: much about him and about this and sitting on appointments
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  Speaker 3: with him that I felt like I knew enough to
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  Speaker 3: educate people. So I educate people just enough to make
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  Speaker 3: sure that, one, I'm not an attorney, like an attorney
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  Speaker 3: or acting as one, but to wake them up and say, hey, man,
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  Speaker 3: get your you-know-what together and let's get it done because
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  Speaker 3: it's real. And you're right, you planned out something just
• 7:02
  Speaker 3: now that I love, which is a good bridge. It doesn't,
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  Speaker 3: estate planning doesn't mean you need to die. It means
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  Speaker 3: that if you become incapacitated from a car wreck, from
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  Speaker 3: a stroke, from something, and you're dribbling, and.
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  Speaker 4: You can't lift your head off of a bed, and your.
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  Speaker 3: Bills need paid, and your heat gets shut off in
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  Speaker 3: your house, or your gas, and now your pipes are frozen,
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  Speaker 3: and they burst. Because you don't have a power of attorney,
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  Speaker 3: a financial power of attorney in place to To handle
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  Speaker 3: that stuff, you just probably destroyed your estate or cost
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  Speaker 3: yourself a lot of money. All because you just didn't plan.
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  Speaker 3: And that's the kind of threats I'm talking about here.
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  Speaker 3: And again, I don't have any loyalty to any one attorney.
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  Speaker 3: I know you and I agree that Megan's probably as
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  Speaker 3: good as they come. Yes. But there's other estate planning
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  Speaker 3: attorneys here. And hell, I'm just going to tell you,
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  Speaker 3: find somebody that works for you. And they're all reasonable.
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  Speaker 3: And even if they're not reasonable, it's a hell of
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  Speaker 3: a lot better than letting somebody... you know, own, own
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  Speaker 3: you until you go to probate court.
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  Speaker 1: Well, a couple of, a couple of things we're talking
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  Speaker 1: with John Arnold's money talks, news radio, five 72 QN Thursdays,
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  Speaker 1: six to seven talking about doing some estate planning on
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  Speaker 1: tonight's broadcast. Something that he's right. Most people put off overlook.
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  Speaker 1: And in many cases don't do the least. If we
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  Speaker 1: just say this much, everybody should have a will period, right? And, and,
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  Speaker 1: and age, No matter what your age is, you should
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  Speaker 1: at least have a will that expresses what?
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  Speaker 2: Your desires if you pass.
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  Speaker 3: Exactly. Because a will, and listen, I can't talk in detail,
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  Speaker 3: but a will says this is where the money goes.
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  Speaker 3: It doesn't say, like, I trust how much you want.
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  Speaker 3: None of that. Or anything.
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  Speaker 1: I want to leave my guitar to my son or whatever.
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  Speaker 1: You can put any number of things in there to say, And,
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  Speaker 1: of course, where it's going to go, and it depends
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  Speaker 1: how big of a state you have. I mean, there's
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  Speaker 1: many factors involved in what you do. A will covers
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  Speaker 1: a lot of people just fine. Of course, it's got
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  Speaker 1: to go through probates, but I don't know that you
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  Speaker 1: necessarily have to fear probate all the time either.
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  Speaker 3: Well, I think if it could be avoided, because if
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  Speaker 3: I remember right now, this is not a fact, this
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  Speaker 3: is an opinion. I think that probate courts in Trumbull
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  Speaker 3: and Mahoning and Columbia require you to use an attorney.
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  Speaker 3: I don't know that for sure, but that's the rumor mill. Secondly,
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  Speaker 3: so that's, you know, attorneys aren't free. Secondly, why would
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  Speaker 3: you wait, honestly, to make your estate whole? Especially if
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  Speaker 3: you have kids or if you're due, if your spouse
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  Speaker 3: worked 40 years, and why would you want to wait
• 9:38
  Speaker 3: to get his or her money that wasn't jointly held? That,
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  Speaker 3: to me, is kind of ridiculous. So I'm not saying
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  Speaker 3: fear the probate courts. They're definitely not there to hurt you.
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  Speaker 3: But I say, why use them if you can avoid them?
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  Speaker 1: Right. But it depends, once again, on the size of
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  Speaker 1: your estate as well. I mean, it depends how much
• 9:57
  Speaker 1: you have and that kind of stuff. At least the
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  Speaker 1: bottom line is at least get a will. But then
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  Speaker 1: there's other things you can talk outside of a will.
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  Speaker 1: You're talking about a trust where you can avoid probates, correct?
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  Speaker 3: Well, a will entitling your account and putting in a
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  Speaker 3: revocable interest all will avoid probate. So there's so many
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  Speaker 3: things like I used to do, and I'm sure the
• 10:20
  Speaker 3: guys about my firm do still. You know, I always
• 10:24
  Speaker 3: recommended TOD, so which means transfer on death, which you
• 10:27
  Speaker 3: don't need an attorney to do, and it's free. Banks
• 10:29
  Speaker 3: do it for free. We do it for free. We
• 10:31
  Speaker 3: do it for free, et cetera. If you have an
• 10:34
  Speaker 3: individual account and you're married or you have a kid
• 10:36
  Speaker 3: that you want to leave that money to, but you
• 10:39
  Speaker 3: don't want them in control of your money, but you
• 10:41
  Speaker 3: want them to receive that money without probate, without hiring
• 10:44
  Speaker 3: an attorney, we just make it a transfer on death account. And,
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  Speaker 3: or if you're a, if you have a spouse, we
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  Speaker 3: just make it a joint right to survivorship. And therein
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  Speaker 3: lies some free financial planning slash estate planning that can
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  Speaker 3: be done without a licensed attorney. And we, and I've
• 11:00
  Speaker 3: recommended everybody do that. You can do that on deeds.
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  Speaker 3: You can do that on cars. You can do that
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  Speaker 3: on a lot of things, savings account, et cetera. And
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  Speaker 3: why not do it? Seriously, why not do it? Now,
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  Speaker 3: a trust is a whole different animal. Has to be
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  Speaker 3: done by an attorney. usually done for larger states, but
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  Speaker 3: it really designates... It talks from the grave, to point
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  Speaker 3: it blankly, like just to vaguely give a blanket cover
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  Speaker 3: to that statement. It just... It literally talks from the grave.
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  Speaker 3: It says, I want to do... I want this money
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  Speaker 3: to go here per month. I want somebody to do
• 11:32
  Speaker 3: 10 jumping jacks and wear a green sweater on Christmas
• 11:35
  Speaker 3: where they don't get this money. A trust will literally
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  Speaker 3: talk from the grave, and the trustee is the fiduciary,
• 11:40
  Speaker 3: has to abide by the trust. And sometimes... there's an
• 11:45
  Speaker 3: attorney hired or an interested person to enforce that trust.
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  Speaker 3: So that's a big responsibility being a trustee. But if
• 11:53
  Speaker 3: you have a large enough estate and you want your
• 11:54
  Speaker 3: wishes to be carried out in detail, a revocable living
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  Speaker 3: trust is probably where you need to talk to someone
• 11:59
  Speaker 3: like Megan or Gabe Beatrice about it or whoever. Right.
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  Speaker 2: A lot of people say... There's any number of things.
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  Speaker 1: I mean, when you talk about trust, revocable trust, in
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  Speaker 1: many cases, people want to do that because it can
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  Speaker 1: avoid probates. As you say, it speaks from the grave.
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  Speaker 1: But in addition to that, it also can protect your
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  Speaker 1: assets from the look-back period and from nursing homes.
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  Speaker 3: Now, listen. You've got to listen very carefully again. Let
• 12:25
  Speaker 3: me stress in red alert, bright red face, I am
• 12:28
  Speaker 3: not a licensed attorney. Do not make a legal decision
• 12:31
  Speaker 3: without consulting an attorney. But let me just tell you
• 12:34
  Speaker 3: how it is. You don't want to, you're talking about
• 12:38
  Speaker 3: what's called an irrevocable living trust. An irrevocable living trust
• 12:43
  Speaker 3: is an extremely dangerous document. And that's what they use
• 12:47
  Speaker 3: to usually avoid a Medicaid spend down. You got to
• 12:51
  Speaker 3: have that document in place prior to the five-year look back.
• 12:55
  Speaker 3: And you have to be prepared to have that trustee
• 12:56
  Speaker 3: that you trust. And or a really good attorney that's
• 13:01
  Speaker 3: willing to stand up for you or to look out
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  Speaker 3: for you. But it's called irrevocable for a reason. Because
• 13:07
  Speaker 3: it's not only irrevocable to the state, it's irrevocable to
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  Speaker 3: you too. So you are literally... Putting a wedge between
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  Speaker 3: you and the state and you and your money, I
• 13:18
  Speaker 3: don't think so. And that's why you really want to
• 13:22
  Speaker 3: deeply think through before signing a dotted line on an
• 13:26
  Speaker 3: irrevocable living trust and seeing if you could do some
• 13:29
  Speaker 3: other vehicles or magical ways that Megan knows how to
• 13:31
  Speaker 3: do to get around that. If there's no other scenario
• 13:34
  Speaker 3: and there's no other way to do it, then do that.
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  Speaker 4: But very, very dangerous document.
• 13:40
  Speaker 3: Right.
• 13:40
  Speaker 1: We're talking with John Arnold's Money Talks, the show Thursday night,
• 13:43
  Speaker 1: 6 to 7, NewsRadio 570. And as you're talking about this, John,
• 13:47
  Speaker 1: you're talking from experience when people would come in and
• 13:50
  Speaker 1: with their investments and wherever they would be financially. Obviously,
• 13:56
  Speaker 1: that was a large part of what you did for
• 13:59
  Speaker 1: folks to say, let's talk about estate planning. Let's talk
• 14:02
  Speaker 1: about do you have a will? Do you have a trust?
• 14:04
  Speaker 1: Do you have documents that say these are your wishes
• 14:07
  Speaker 1: if you're in a hospital and who can make decisions
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  Speaker 1: for you? Or do you want all of the life
• 14:13
  Speaker 1: support measures done or not? I mean, all of this
• 14:17
  Speaker 1: stuff is stuff that you're talking about here tonight, but
• 14:20
  Speaker 1: also stuff that you've watched over the years with so
• 14:24
  Speaker 1: many clients.
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  Speaker 2: Correct?
• 14:27
  Speaker 3: It's real talk. Absolutely. Can I tell you something? Being
• 14:30
  Speaker 3: in that office with Attorney Dre for all those years,
• 14:33
  Speaker 3: I can't tell you how many times I heard yelling
• 14:36
  Speaker 3: and screaming from the Brady Bunch prior to mom and
• 14:39
  Speaker 3: dad dying. Love each other, lovey-dovey, can do no wrong.
• 14:44
  Speaker 3: You know, Ozzie and Harriet of the world. All of
• 14:46
  Speaker 3: a sudden, mom and dad dies. They hate each other.
• 14:49
  Speaker 3: They don't talk ever again. And before you know it,
• 14:53
  Speaker 3: you know, the family estate blows up, and they're in court.
• 14:56
  Speaker 3: They're contesting the will. They're mad that mom named so-and-so
• 15:00
  Speaker 3: the trustee. I have hundreds. hundreds of those scenarios over
• 15:06
  Speaker 3: the past 24 years. And it all can have been
• 15:09
  Speaker 3: avoided if they just put in a rating and mom
• 15:12
  Speaker 3: or dad grew a pair of balls.
• 15:13
  Speaker 4: And said, this is how it's going to be.
• 15:14
  Speaker 3: And if you don't like it, if you know what,
• 15:17
  Speaker 3: and this is what our wishes are, then you got
• 15:20
  Speaker 3: to carry them out. But what happens is mom and
• 15:22
  Speaker 3: dad don't like to talk about their demise and or
• 15:25
  Speaker 3: some scenarios, mom or dad gets dementia, the other one
• 15:27
  Speaker 3: dies and And now, you know, they're in a creek
• 15:31
  Speaker 3: up a paddle. They're up a paddle, no creek. So
• 15:35
  Speaker 3: up a creek with no paddle. Sorry about that. So,
• 15:37
  Speaker 3: you know, it's really, it comes down to what we
• 15:39
  Speaker 3: talked about, which is, you know, the cheesiest financial planning
• 15:42
  Speaker 3: line in the world, which I hate. I used to
• 15:44
  Speaker 3: use it when I was in that field in 99,
• 15:47
  Speaker 3: the 2000 area. You know, failing to plan is planning
• 15:50
  Speaker 3: to fail, which is unbelievably cheesy and stupid, but it
• 15:52
  Speaker 3: is also true. And all it takes is you saying, hey,
• 15:57
  Speaker 3: this Friday we're going to see the attorney. Here's our wishes.
• 16:00
  Speaker 3: We're going to put packages up together. You're going to
• 16:02
  Speaker 3: contact that one kid that you trust and say, here's
• 16:05
  Speaker 3: where we're putting our passwords. Here's the trust. Here's the will.
• 16:08
  Speaker 3: Here's who you call if you can't find it. When
• 16:11
  Speaker 3: we die, here's our wishes. Maybe you like them. Maybe
• 16:15
  Speaker 3: you don't. But these are our wishes, and this is
• 16:17
  Speaker 3: my life. Thanks, Mom and Dad. And that's what it takes. Right.
• 16:22
  Speaker 1: And when it comes to an attorney, obviously you need
• 16:24
  Speaker 1: a good estate attorney as you're talking. I mean, you
• 16:27
  Speaker 1: don't want to go to a divorce attorney. You want
• 16:29
  Speaker 1: an estate attorney to put all of that together, as
• 16:32
  Speaker 1: you're saying. But you mentioned a key thing. I mean,
• 16:35
  Speaker 1: sometimes they don't know everything you have. You better put
• 16:40
  Speaker 1: down that you have maybe life insurance at your work
• 16:45
  Speaker 1: or you have a life insurance policy. You better have
• 16:48
  Speaker 1: stuff organized all in one place. You mentioned a key
• 16:51
  Speaker 1: thing and passwords. So often they say, well, instead of
• 16:55
  Speaker 1: getting documents in the mail, which made it easier to
• 16:58
  Speaker 1: track stuff down, it's all over the Internet. Well, if
• 17:02
  Speaker 1: you don't know the passwords, sometimes you don't know that
• 17:05
  Speaker 1: there was this particular account or Vanguard account or whatever
• 17:08
  Speaker 1: the case might be, because you're unaware of its existence.
• 17:13
  Speaker 3: Hey, during my research and discussion, I do this podcast
• 17:16
  Speaker 3: with Mike. I did a lot of research. You know
• 17:18
  Speaker 3: what they call those? They call those digital assets. And
• 17:22
  Speaker 3: when I was reading that, I was like, what the
• 17:24
  Speaker 3: hell is a digital asset? Your digital assets are your passwords.
• 17:28
  Speaker 3: Those are your keys now. And if mom and pop
• 17:32
  Speaker 3: have what's called a two-factor identification system, which everybody's going to,
• 17:36
  Speaker 3: to where not only do you have to have a password,
• 17:38
  Speaker 3: you have to have a cell phone on file to
• 17:40
  Speaker 3: get another code to unlock the secret vault, so to speak.
• 17:45
  Speaker 3: If they don't have those attached, good luck breaking in
• 17:48
  Speaker 3: to get mom and dad's assets. Good luck on that.
• 17:51
  Speaker 3: And that's where the proper planning comes in. So, you know,
• 17:54
  Speaker 3: the guys at my firm, they have a great financial
• 17:57
  Speaker 3: planning software called eMoney. And they do what's called this
• 18:00
  Speaker 3: electronic vault. And they can store all those documents electronic
• 18:04
  Speaker 3: for you as part of whatever they do for you.
• 18:06
  Speaker 3: And that's a great system to have. Now, if you
• 18:08
  Speaker 3: don't want to go to an entity or a financial
• 18:10
  Speaker 3: planner or whatever, and you don't want to do that
• 18:12
  Speaker 3: or pay for that, then you just set it up
• 18:14
  Speaker 3: on your own. And you trust that kid or you
• 18:16
  Speaker 3: hire an attorney and say, okay, here are the magical
• 18:19
  Speaker 3: keys to all my assets should I die. But you
• 18:22
  Speaker 3: want to have it in place. And that's the new
• 18:26
  Speaker 3: estate planning life or the kind of new world we
• 18:28
  Speaker 3: live in. Like it or not, that's the world we
• 18:30
  Speaker 3: live in. And I'm talking real money. I'm talking real
• 18:34
  Speaker 3: things in the world that I've lived in.
• 18:36
  Speaker 1: Right. But, I mean, I guess as you're listening, I'm
• 18:40
  Speaker 1: thinking to myself, and you're right, everything's got that you
• 18:43
  Speaker 1: put in a password and then they send, well, we're
• 18:46
  Speaker 1: going to send you a code to your phone. I
• 18:48
  Speaker 1: guess that would be one of the reasons why the
• 18:49
  Speaker 1: kids wouldn't want to shut off the cell phone of
• 18:52
  Speaker 1: the parents because it will be sent to that phone.
• 18:56
  Speaker 1: Maybe you better know how the– I mean, there's things
• 19:01
  Speaker 1: to discuss. You're bringing up so many good points. Anyone
• 19:04
  Speaker 1: who's been through this, and I know many of you
• 19:06
  Speaker 1: listening probably have been through it, where somebody dies unexpectedly,
• 19:10
  Speaker 1: and you don't know what they have or where it's at,
• 19:13
  Speaker 1: and it can be difficult. to go through all of
• 19:17
  Speaker 1: this to make sure you get all the assets. Did
• 19:19
  Speaker 1: they have life insurance? Were they covered by policies at work?
• 19:26
  Speaker 1: Do they have accounts where I'm not getting paper statements? Okay,
• 19:31
  Speaker 1: how do I get into their email, if you will?
• 19:34
  Speaker 1: And if I get the code for these accounts, do
• 19:38
  Speaker 1: I know how to get into their phone? These are
• 19:40
  Speaker 1: things that I think parents and adult children need to
• 19:44
  Speaker 1: discuss with each other. And when I say adults, I
• 19:47
  Speaker 1: mean at any age this can happen is what you're saying, John.
• 19:50
  Speaker 1: I don't care if you're 40 years old or if
• 19:52
  Speaker 1: you're 80 years old. These are things you better discuss
• 19:55
  Speaker 1: so that you can certainly find the assets.
• 20:00
  Speaker 3: Well, yeah, I couldn't agree with your kind of underlying view.
• 20:04
  Speaker 3: You know, what I'm talking about, and I know that
• 20:07
  Speaker 3: your age, you've probably heard about, if not you didn't
• 20:09
  Speaker 3: experience yourself, you heard about these catastrophes that have existed
• 20:13
  Speaker 3: because of the failing just to put something together like that.
• 20:16
  Speaker 3: And you think about all the hours you spend watching
• 20:18
  Speaker 3: TV or going on vacation or researching the right dishwasher
• 20:22
  Speaker 3: to buy. Why don't you just spend like one-fifth of
• 20:24
  Speaker 3: that time to take.
• 20:25
  Speaker 4: Care of your estate?
• 20:26
  Speaker 3: That's what I'm saying. And keep in mind, I don't
• 20:28
  Speaker 3: do this for a living. I could care less. I'm
• 20:31
  Speaker 3: just here educating the audience. I don't get money by
• 20:33
  Speaker 3: talking about this. You're not going to get the sales
• 20:36
  Speaker 3: pitch at the end of this radio show of call
• 20:38
  Speaker 3: us for this or that. I just don't care. What
• 20:41
  Speaker 3: I care about is if I can reach one or
• 20:43
  Speaker 3: two people listening to this show to say, you know what?
• 20:46
  Speaker 3: That damn John Arnold was right. I have been lazy
• 20:49
  Speaker 3: on this. Let me take care of this so I.
• 20:51
  Speaker 4: Protect my family.
• 20:52
  Speaker 3: I have won. I have accomplished my goal tonight. And
• 20:55
  Speaker 3: that's what I'm after.
• 20:55
  Speaker 1: And I think, folks, I'll tell you something. I think
• 20:59
  Speaker 1: it is a noble goal. Any of you that are listening,
• 21:02
  Speaker 1: in all sincerity, any of you that are listening, if
• 21:04
  Speaker 1: you don't at the very least have a will, And
• 21:08
  Speaker 1: they're inexpensive. You see a lawyer and get one done,
• 21:12
  Speaker 1: at least it will. And in many cases, if you
• 21:14
  Speaker 1: have the assets, you should have a trust and go
• 21:19
  Speaker 1: see a lawyer and pay the fees, which are more
• 21:23
  Speaker 1: for a trust, and get that organized. Because if you
• 21:26
  Speaker 1: die without that, then it's up to the probate court
• 21:30
  Speaker 1: to decide what goes where and lawyers and fees and
• 21:34
  Speaker 1: It really becomes a mess. It's just like, once again,
• 21:39
  Speaker 1: if you're in a hospital bed, John, and you're not
• 21:41
  Speaker 1: able to make decisions and you don't have a document
• 21:44
  Speaker 1: to say who you entrust making those decisions or what
• 21:47
  Speaker 1: your wishes are as you get older. Do you want
• 21:50
  Speaker 1: to be put on life support and all this kind
• 21:52
  Speaker 1: of stuff? Or do you want to just die a
• 21:54
  Speaker 1: natural death? You better spell all of that out. That's
• 21:57
  Speaker 1: all you're saying to the listener tonight, right? You're saying, listen,
• 22:01
  Speaker 1: I'm a money guy and the program's money talk. But
• 22:04
  Speaker 1: one of the things I want to mention is don't
• 22:06
  Speaker 1: put yourself in this situation because you've seen the clients
• 22:09
  Speaker 1: in the past who failed to do this.
• 22:11
  Speaker 2: That's all.
• 22:12
  Speaker 3: I've seen it. I've seen it. I loved it. It's heartbreaking.
• 22:15
  Speaker 3: I've seen the best of families could get destroyed, hate
• 22:20
  Speaker 3: each other. And I'm talking, I'm talking about families that,
• 22:22
  Speaker 3: like I said, I'm talking about Brady Bunch families. You know,
• 22:25
  Speaker 3: we're coming up on the half hour, but one of
• 22:26
  Speaker 3: the things I want to talk about is after the
• 22:28
  Speaker 3: half an hour is I've had some old war stories
• 22:31
  Speaker 3: from life insurance that are going to really help people.
• 22:34
  Speaker 3: They're straight talk. Talk about the timing of your vehicles. Like,
• 22:39
  Speaker 3: you know, a lot of people have wills, but they're
• 22:41
  Speaker 3: from 20 years ago. Or they didn't change their beneficiaries
• 22:43
  Speaker 3: on their life insurance policy two wives ago. All those things.
• 22:47
  Speaker 3: And I really want to dig into that.
• 22:49
  Speaker 2: Because, again, real talk. Absolutely.
• 22:51
  Speaker 1: We're talking with John Arnold, and we're going to pause,
• 22:54
  Speaker 1: and we'll come back and talk more with John. Tonight,
• 22:56
  Speaker 1: NewsRadio 570 WKBN. There's some sound advice that you're getting
• 23:01
  Speaker 1: from a guy that's, as I say, seen it firsthand
• 23:04
  Speaker 1: over the years and would say in his office, hey,
• 23:07
  Speaker 1: you've got to go right next door here and talk
• 23:09
  Speaker 1: to this guy and get things lined up because I
• 23:11
  Speaker 1: don't want you to go through or your family to
• 23:14
  Speaker 1: go through that. Back with segment two, the program's Money
• 23:17
  Speaker 1: Talks with John Arnold on NewsRadio 570 WKBN. John's got
• 23:21
  Speaker 1: something terrific that he's put together as well. Maybe we'll
• 23:24
  Speaker 1: get into that in the second half of the program.
• 23:28
  Speaker 1: We're here tonight till 7. We're on Verb News Radio
• 23:30
  Speaker 1: 570 WKBN.
• 23:31
  Speaker 2: Stay close.
• 23:32
  Speaker 1: From News Radio 570 WKBN, John with some sound advice
• 23:36
  Speaker 1: on estate planning. There were a couple of areas you
• 23:38
  Speaker 1: wanted to cover, John, prior to our break at the
• 23:41
  Speaker 1: half an hour.
• 23:42
  Speaker 3: Yeah, I love the old war stories. Let me tell
• 23:45
  Speaker 3: you about my days selling life insurance. So I started
• 23:48
  Speaker 3: the investment industry, like I said, in I love the
• 23:51
  Speaker 3: old war stories because I can talk about them pretty
• 23:53
  Speaker 3: freely now that I'm not really doing this anymore. When
• 23:56
  Speaker 3: I was, say, between 1999, which is I started the beginning,
• 23:59
  Speaker 3: excuse me, end of that. until about 2020 or 2002.
• 24:08
  Speaker 3: I was more of a life insurance guy, annuity guy.
• 24:13
  Speaker 3: And that's because that's what I was told to sell.
• 24:15
  Speaker 3: So I would... If you're a life insurance, you know,
• 24:18
  Speaker 3: you call 1,000 people, you get seven appointments for the week,
• 24:21
  Speaker 3: you make your manager happy, five sticks, you sit at
• 24:24
  Speaker 3: the kitchen table, you pretend to be their friend, how
• 24:26
  Speaker 3: you doing, blah, blah, blah. Hey, let me review... your
• 24:29
  Speaker 3: mortgage and your, your liabilities or your assets, don't see
• 24:32
  Speaker 3: much life insurance you need. Okay. I keep in mind,
• 24:34
  Speaker 3: this was really before you could just go on anything
• 24:38
  Speaker 3: and just get a life insurance quote and get it
• 24:40
  Speaker 3: done that way. Usually I have to go through an
• 24:42
  Speaker 3: agent strictly commissioned. So I was salivating just to get
• 24:46
  Speaker 3: a client. So I would sit down with mom and pop.
• 24:49
  Speaker 3: And I remember I, I met with this truck driver
• 24:51
  Speaker 3: who just can't, he was sitting at the kitchen table
• 24:54
  Speaker 3: with his wife who had made the appointment. They had
• 24:57
  Speaker 3: two little ones. Big, burly guy.
• 24:59
  Speaker 2: I mean, beard.
• 25:01
  Speaker 3: Let me just say, I wouldn't want to fight this guy.
• 25:04
  Speaker 3: And sits down. He's like, all right, let's get down
• 25:07
  Speaker 3: to the point.
• 25:07
  Speaker 4: He's drinking a beer. He's right out of a movie.
• 25:10
  Speaker 3: And I'm like, hey, mister, so-and-so, here's the deal. And
• 25:13
  Speaker 3: you got two young little ones here, beautiful, beautiful young wife.
• 25:17
  Speaker 3: You drive a truck. You're a long-haul guy. You make
• 25:21
  Speaker 3: good money. This policy is going to cost you like
• 25:24
  Speaker 3: $ 30 a month. It's $ 500, 000 a term. you know, it's
• 25:28
  Speaker 3: a good, good way to get, you know, I think
• 25:29
  Speaker 3: you can get you qualified even though you smoke. I
• 25:32
  Speaker 3: go through the whole sales pitch that I'm taught. He's like,
• 25:34
  Speaker 3: you know what? And I apologize for this. God damn it.
• 25:37
  Speaker 3: I'm not going to buy a life insurance policy and
• 25:40
  Speaker 3: have me die and have her go spend that damn
• 25:43
  Speaker 3: money on, uh, get a young boyfriend. And then, uh,
• 25:47
  Speaker 3: and then here I am in my death bed. I
• 25:49
  Speaker 3: was like, yeah, what do you say to that? And
• 25:51
  Speaker 3: then the, the, the, The woman cringes because one, she's
• 25:54
  Speaker 3: embarrassed she made the appointment. Two, she can't believe how
• 25:57
  Speaker 3: ignorant he is. But three, how little he cares about
• 26:01
  Speaker 3: the big picture. But what he was really saying is
• 26:04
  Speaker 3: he was being the most selfish he can be is
• 26:07
  Speaker 3: I don't really care after I die because after I die,
• 26:10
  Speaker 3: I'm dead and you just have to find a way
• 26:11
  Speaker 3: to move on, which is ridiculous. But you're probably thinking
• 26:15
  Speaker 3: right now, well, that was one in a million. Now,
• 26:18
  Speaker 3: it might not have been that harsh or that brutal.
• 26:21
  Speaker 3: But when I tell you That's two to three times
• 26:24
  Speaker 3: a month I would get that kind of denial based
• 26:27
  Speaker 3: on they didn't want to spend what they would spend on,
• 26:30
  Speaker 3: at that time, a decent lunch with their family to
• 26:32
  Speaker 3: protect their family because they didn't care about what happened afterwards.
• 26:37
  Speaker 3: And that's probably one of the greatest standpoints you can have.
• 26:41
  Speaker 3: It blew my mind. And, you know, as a young
• 26:44
  Speaker 3: insurance guy, you're devastated because you're counting on that commission.
• 26:49
  Speaker 3: And it was just terrible for all parties, but I
• 26:51
  Speaker 3: got to see the really, terrible side of people. So
• 26:54
  Speaker 3: if you're out there and you have a young family,
• 26:56
  Speaker 3: or if you don't even have, if you have a
• 26:58
  Speaker 3: family and you want to leave them some money and
• 27:01
  Speaker 3: you can qualify, I'm going to tell you right now.
• 27:02
  Speaker 3: And again, I'm not, I don't do this to sell anybody.
• 27:05
  Speaker 3: Life insurance is one of the greatest assets for passing
• 27:09
  Speaker 3: a wealth, if not the best you can get into.
• 27:11
  Speaker 3: And you can pass that on through what's called an islet,
• 27:15
  Speaker 3: irrevocable life insurance trust, package it up to where Medicaid
• 27:20
  Speaker 3: spend down is not involved. Life insurance is tax-free, often
• 27:25
  Speaker 3: more times than none, especially in Florida. You can't get
• 27:28
  Speaker 3: to it in a lawsuit. So if you get sued,
• 27:30
  Speaker 3: there's two things that they can't get to, your home
• 27:33
  Speaker 3: and your life insurance policy in Florida. And that's why
• 27:35
  Speaker 3: you'll see a lot of doctors or movie stars or whatever,
• 27:38
  Speaker 3: other than the beautiful scenery. You also see them put
• 27:41
  Speaker 3: their assets in Florida for that very reason. So... What
• 27:45
  Speaker 3: I'm saying here is if you're a listener out there
• 27:47
  Speaker 3: and you don't have life insurance or if you don't
• 27:49
  Speaker 3: have adequate life insurance, you're a bozo. If you have
• 27:53
  Speaker 3: a family and you have kids and they're young and
• 27:56
  Speaker 3: you're the main breadwinner, you don't care about your family.
• 27:59
  Speaker 3: Because if you can qualify for this life insurance and
• 28:02
  Speaker 3: it's not going to hurt your budget, and even if
• 28:05
  Speaker 3: it does a little bit.
• 28:06
  Speaker 4: You're a fool for not getting it.
• 28:08
  Speaker 3: And I remember, I remember I have had clients like
• 28:11
  Speaker 3: the inlets and they did this in the old life
• 28:13
  Speaker 3: insurance sales shop training. So you, when you present to
• 28:16
  Speaker 3: that widow, it's one of the most memorable days of
• 28:18
  Speaker 3: your life. I hope I never, ever. And I had
• 28:21
  Speaker 3: never had to give a.
• 28:22
  Speaker 4: More than like a couple of life insurance checks, but
• 28:24
  Speaker 4: it was after.
• 28:24
  Speaker 3: Like the kids are grown, but there are, there are
• 28:27
  Speaker 3: times where I've had life insurance agents. I was friends
• 28:30
  Speaker 3: with that had to deliver that, that check to the widow.
• 28:33
  Speaker 3: And it was life changing. It was, uh, We're going
• 28:36
  Speaker 3: to be able to keep the house. Our kids are
• 28:38
  Speaker 3: still going to be able to go to college. We're
• 28:40
  Speaker 3: not going to have to fend for food. You know,
• 28:42
  Speaker 3: it was that devastating. And it was also peace of
• 28:46
  Speaker 3: mind because they're at the worst time of their life.
• 28:48
  Speaker 3: They lost their spouse. And now they got this big
• 28:50
  Speaker 3: check coming in, by the way, which is tax free.
• 28:53
  Speaker 3: And that's, that's one of the things that life insurance
• 28:56
  Speaker 3: doesn't get enough credit for. If you have a 500,
• 28:59
  Speaker 3: my wife and I, I think we carry 5 million.
• 29:02
  Speaker 3: Day I die, my wife's going to get a $ 5
• 29:04
  Speaker 3: million tax-free check.
• 29:05
  Speaker 4: Period.
• 29:06
  Speaker 3: End of story. Whether I die today or 90 years
• 29:09
  Speaker 3: from now, I package it up into what's called a
• 29:11
  Speaker 3: ULG for life. Anyways, if you can't afford that, at
• 29:16
  Speaker 3: least buy a term policy, which I highly recommend. 20-year term.
• 29:20
  Speaker 4: Cheap.
• 29:21
  Speaker 3: If you can qualify for it, peanuts usually at the
• 29:25
  Speaker 3: right age and the right death benefit, less than a
• 29:27
  Speaker 3: dollar a day.
• 29:27
  Speaker 1: You mentioned like a 20-year term. Usually when I think
• 29:30
  Speaker 1: about term insurance, I think about you pay it and
• 29:33
  Speaker 1: then you pay it monthly and it goes away. What
• 29:37
  Speaker 1: do you mean by a 20-year term?
• 29:40
  Speaker 3: Well, exactly what you said. So after the term, if
• 29:43
  Speaker 3: you don't do what's called convert, you have a 20-year
• 29:47
  Speaker 3: term policy. After that 20 years, it's over. Now, here's
• 29:50
  Speaker 3: the magical number there. Let's say that I'm 20 years
• 29:54
  Speaker 3: old and I had two kids at a young age
• 29:55
  Speaker 3: and my wife. Our house was paid off in 20 years.
• 29:58
  Speaker 3: Kids were out of the house in 20 years. I
• 30:00
  Speaker 3: got half a million dollars in my IRA. She's got
• 30:03
  Speaker 3: a half a million.
• 30:04
  Speaker 4: Dollars in hers.
• 30:05
  Speaker 3: We have a pension. Throughout the house, we really don't
• 30:08
  Speaker 3: need life insurance anymore. If you are like somebody that
• 30:12
  Speaker 3: wants to pass on money, I'm always a big fan
• 30:15
  Speaker 3: of what I did. I bought a universal life. Whole
• 30:18
  Speaker 3: life is an absolute scam. I don't care of anyone
• 30:21
  Speaker 3: when it comes on the radio and battles me. I
• 30:23
  Speaker 3: can numerically destroy them mathematically. You either buy term and
• 30:27
  Speaker 3: invest a difference in a loft The math.
• 30:29
  Speaker 4: Is so much on your side, you can't even believe it.
• 30:32
  Speaker 4: Not to talk like Donald Trump, but that's the truth.
• 30:35
  Speaker 3: Or if you're like me and just, hey, buy a
• 30:37
  Speaker 3: 30-year term. Kids are out of the house in 30 years.
• 30:39
  Speaker 3: I really don't need it. I'll save money on the side.
• 30:42
  Speaker 3: It's the cheapest form. And if I'm lucky enough to
• 30:45
  Speaker 3: outlive the life insurance, then that's a blessing. So there's
• 30:48
  Speaker 3: a couple ways to go there. You can always call
• 30:50
  Speaker 3: me off the radio to help do that for you.
• 30:52
  Speaker 1: Now, you mentioned obviously whole life, and did you say
• 30:57
  Speaker 1: universal life?
• 30:58
  Speaker 4: Yeah.
• 30:59
  Speaker 2: And what is that? I love universal life. You like it?
• 31:01
  Speaker 3: Universal life, yeah, I love it. Because if you can
• 31:04
  Speaker 3: afford it, it's a way to– there's all kinds of
• 31:07
  Speaker 3: creative ways to use it as a saving account. A
• 31:10
  Speaker 3: lot of universal lives pay 4% or 5%. A lot
• 31:12
  Speaker 3: of people don't know that. And if you structure it
• 31:15
  Speaker 3: the right way– you can also take that money out tax-free.
• 31:21
  Speaker 3: You can build a cash value. Let's say that you
• 31:25
  Speaker 3: don't need it anymore. Let's say, I'm just guessing, there's
• 31:28
  Speaker 3: $ 80, 000 in it. You can roll that tax-free over to
• 31:30
  Speaker 3: an annuity, supplement your retirement income. You get the money
• 31:34
  Speaker 3: you would have threw away and turned back. It's connected
• 31:37
  Speaker 3: to the bond market. That's the key here.
• 31:39
  Speaker 4: So if you buy it when interest rates are down,
• 31:42
  Speaker 4: it has.
• 31:45
  Speaker 3: Very good chance that it's actually going to go up
• 31:47
  Speaker 3: because the interest rates are going to go up. So
• 31:50
  Speaker 3: it's a way to win without buying crazy whole life,
• 31:53
  Speaker 3: which is crazy expensive and sold for big commissions. And
• 31:57
  Speaker 3: it's for the people that can afford it. So you
• 32:00
  Speaker 3: could get something back out of your life insurance, and
• 32:04
  Speaker 3: it's a great estate planning tool. Very great. So in
• 32:08
  Speaker 3: a nutshell, the goal here is to make sure The
• 32:13
  Speaker 3: people don't lose their damn mind and bite off their
• 32:15
  Speaker 3: nose and spite their face and not buy life insurance.
• 32:18
  Speaker 2: It's almost, it's almost.
• 32:23
  Speaker 1: When people overlook it most, they think they're young, they're
• 32:26
  Speaker 1: not going to die. It might be the time when
• 32:28
  Speaker 1: you need it the most, because if something does happen,
• 32:32
  Speaker 1: first of all, when you're younger, it's less expensive because
• 32:35
  Speaker 1: you're younger. And secondly, if you do die, it's usually
• 32:38
  Speaker 1: when you have a bunch of bills, you have a
• 32:41
  Speaker 1: mortgage payment, you have young children, and it takes care
• 32:45
  Speaker 1: of your family more. If it's a term policy, it's
• 32:49
  Speaker 1: relatively inexpensive, and you can get one for a decent
• 32:51
  Speaker 1: amount of money. And you say it's tax-free as well.
• 32:55
  Speaker 1: That's maybe when you need it most, as opposed to
• 32:57
  Speaker 1: when you're 65 or 70 years old.
• 33:02
  Speaker 3: The only reason why you need it those days is, like,
• 33:05
  Speaker 3: for me, greed purposes. I don't need my kids. I
• 33:07
  Speaker 3: don't need $ 5 million. For me, it's greed. I make
• 33:10
  Speaker 3: enough money in my investments. I take that amount of money.
• 33:13
  Speaker 3: I take a slice of it. I put it into
• 33:15
  Speaker 3: a life insurance policy. My kids are going to get
• 33:17
  Speaker 3: $ 5 million from my wife if I die, period, end
• 33:19
  Speaker 3: of story. And how I look at it, because I
• 33:21
  Speaker 3: make enough money to make the premium of my investments,
• 33:23
  Speaker 3: it's free. So that's just a proper plan, and it
• 33:27
  Speaker 3: needs to be done. Now, if you're not fortunate, and
• 33:29
  Speaker 3: at one time I wasn't, so I get it, you know,
• 33:32
  Speaker 3: just buy a term policy. Do something. What you don't
• 33:36
  Speaker 3: do is nothing, and that's the key here.
• 33:39
  Speaker 1: Yeah, some good advice to think about. And you always
• 33:44
  Speaker 1: hear people say it's not a bad idea to have
• 33:46
  Speaker 1: a term policy to even cover your funeral expenses in
• 33:49
  Speaker 1: many cases, to have something along those lines.
• 33:52
  Speaker 2: I mean, everything is so expensive. I mean, certainly..
• 33:55
  Speaker 1: If you love your wife and you love your children,
• 33:57
  Speaker 1: you have a mortgage or you have funeral expenses or
• 34:01
  Speaker 1: you're worried about them being able to pay for the
• 34:04
  Speaker 1: property taxes and the electric bill, it's not a bad
• 34:07
  Speaker 1: idea to have something that pretty well makes life easy
• 34:10
  Speaker 1: for them once you pass away. And to sit there
• 34:13
  Speaker 1: and say you don't care about your loved ones when
• 34:15
  Speaker 1: you leave, well, I'd have to scratch my head on
• 34:18
  Speaker 1: that as well.
• 34:19
  Speaker 3: It's insane.
• 34:21
  Speaker 2: Yeah.
• 34:21
  Speaker 3: It's insane. I, um, um, The other thing I want
• 34:27
  Speaker 3: to talk about is a lot of people are going
• 34:32
  Speaker 3: to say, well, I got insurance at work. And that
• 34:35
  Speaker 3: is true, and I'm glad you do. But guess what
• 34:37
  Speaker 3: happens when you quit work? 95% of the time, the
• 34:41
  Speaker 3: policy goes away. And 95% of the time, the insurance
• 34:44
  Speaker 3: companies are going to kill you on keeping the premium
• 34:47
  Speaker 3: or keeping the life insurance because it's guaranteed, or you're
• 34:51
  Speaker 3: just not going to get it. And that's why I
• 34:53
  Speaker 3: always tell you it. Tell people, I don't give a
• 34:56
  Speaker 3: damn if you have work insurance or not. You buy
• 35:00
  Speaker 3: that term policy and you protect your family, and then
• 35:03
  Speaker 3: that work policy is just gravy under mashed potatoes. And
• 35:07
  Speaker 3: that's what I really want to get across to the
• 35:09
  Speaker 3: listenership is don't be a bozo. Don't be stupid in
• 35:13
  Speaker 3: one of these people, well, I got two times my
• 35:16
  Speaker 3: salary in life insurance and you got two kids at home.
• 35:18
  Speaker 3: That's crazy talk. What if you get laid off? What
• 35:22
  Speaker 3: if they don't pull you back? What if you're... What
• 35:24
  Speaker 3: if they just change companies and now that's no longer available?
• 35:26
  Speaker 3: There's a lot of risk there, and you don't want
• 35:30
  Speaker 3: to do that. And that's kind of the goal of
• 35:32
  Speaker 3: what I'm saying here.
• 35:34
  Speaker 1: Boy, I tell you, folks, this is a money talk
• 35:37
  Speaker 1: with John Arnold, NewsRadio 570 WKBN. And, I mean, this
• 35:42
  Speaker 1: segment has certainly given, I think, every one of you
• 35:44
  Speaker 1: listening a lot to think about. I mean, I'm sitting
• 35:47
  Speaker 1: here listening to what John is saying, and I'm paying attention,
• 35:53
  Speaker 1: as I hope you are, There's a lot to digest there.
• 35:56
  Speaker 1: In other words, he's saying, and you get those things
• 35:59
  Speaker 1: in the mail all the time from AARP if you're
• 36:01
  Speaker 1: older or from AAA or something, talking about term policies
• 36:05
  Speaker 1: and life insurance, if you will. And you mentioned some
• 36:09
  Speaker 1: key things. A, that is tax-free money. And B, term
• 36:16
  Speaker 1: insurance is relatively, I don't want to say inexpensive, but
• 36:20
  Speaker 1: it's so much a month and so whatever that might be,
• 36:25
  Speaker 1: it's not a bad thing to look at is basically
• 36:27
  Speaker 1: what you're saying.
• 36:28
  Speaker 2: Folks, don't disregard those things. Think about it, right?
• 36:31
  Speaker 1: Even if you're older, John, so you're saying if you're older,
• 36:34
  Speaker 1: you can do a term, who knows when you're going
• 36:36
  Speaker 1: to go, and that can benefit your family members just
• 36:41
  Speaker 1: from a financial standpoint because you want them to have
• 36:43
  Speaker 1: a good chunk of money that's tax-free.
• 36:48
  Speaker 3: Well, look at it. I have so many clients that
• 36:51
  Speaker 3: tell me, hey, I don't need this money in this IRA.
• 36:56
  Speaker 3: It's just going to go to my kids. Well, why
• 36:59
  Speaker 3: not have that same exact mindset if you really want
• 37:02
  Speaker 3: to pass money on and you're lucky enough to have
• 37:03
  Speaker 3: a wife or you have the health to buy a
• 37:06
  Speaker 3: term policy that pays them X or ULG, which is
• 37:11
  Speaker 3: a universal life guarantee, that pays them X. you know,
• 37:14
  Speaker 3: a ton of money and you were, it's literally free money.
• 37:16
  Speaker 3: If you look at it, if you weren't going to
• 37:18
  Speaker 3: use it anyway, and you could take a hundred grand
• 37:20
  Speaker 3: and maybe you're lucky enough to get 300,000 more death
• 37:23
  Speaker 3: penalty for.
• 37:24
  Speaker 4: Giving a.
• 37:26
  Speaker 3: Family a hundred grand or given a life insurance company,
• 37:28
  Speaker 3: a hundred grand upfront, and you weren't going to use it.
• 37:31
  Speaker 3: How many investment vehicles do you know that guarantee a 300%
• 37:34
  Speaker 3: return overnight after a piss test and a blood test?
• 37:38
  Speaker 3: That is absolutely none. There's one thing that does that,
• 37:41
  Speaker 3: and that's life insurance. And again, if you're a listener
• 37:44
  Speaker 3: on here and you're like, well, he just saying that
• 37:46
  Speaker 3: to sell you, I don't care. I don't sell life insurance.
• 37:49
  Speaker 3: I'm just telling you some real stuff here that you
• 37:51
  Speaker 3: should take advantage of. And I hope that they do.
• 37:55
  Speaker 1: From a money standpoint. And in many cases, you can
• 37:57
  Speaker 1: get these insurance policies through. You don't have to go
• 38:01
  Speaker 1: to an insurance agent even anymore. You can get them.
• 38:06
  Speaker 1: You want a reputable company and a good one. But
• 38:08
  Speaker 1: you get these things in the mail. At least I
• 38:11
  Speaker 1: do all the time.
• 38:13
  Speaker 3: Absolutely.
• 38:14
  Speaker 1: I'm going to tell you. I'm going to stop ripping
• 38:16
  Speaker 1: them up. I'm going to start reading them. I'm dead serious, folks.
• 38:18
  Speaker 2: Read them up.
• 38:19
  Speaker 1: I shouldn't use the term dead, but I'm serious. John
• 38:22
  Speaker 1: Arnold has given me a lot to think about here. Now,
• 38:25
  Speaker 1: it's more expensive if you're older, but if you're healthy
• 38:28
  Speaker 1: and you don't smoke, I mean, you might as well.
• 38:31
  Speaker 1: Who knows if you're in your 60s? Who knows if
• 38:33
  Speaker 1: you're going to make your 70s or your 80s, right?
• 38:36
  Speaker 4: Right.
• 38:38
  Speaker 3: And at the end of the day, let's talk real.
• 38:41
  Speaker 3: I mean, we joke around a lot, but I know
• 38:44
  Speaker 3: there's nothing where you love more than your wife and
• 38:46
  Speaker 3: your kids. Right. And, you know, you, at the end
• 38:48
  Speaker 3: of the day, you know, whatever age you are and
• 38:51
  Speaker 3: whatever age I am, really, there's not much to enjoy anymore.
• 38:54
  Speaker 3: I enjoy getting my family ahead. That's what matters to me.
• 38:58
  Speaker 3: I like taking vacations. In your case, you like buying
• 39:01
  Speaker 3: certain things for your kids, et cetera. That's happiness for me.
• 39:04
  Speaker 3: You can really do that. You can really provide a
• 39:06
  Speaker 3: lot of easy happiness. after death, and during living years,
• 39:12
  Speaker 3: and maximize your estate by just taking some simple estate
• 39:16
  Speaker 3: planning tools and putting in the work and the story.
• 39:20
  Speaker 2: Absolutely.
• 39:21
  Speaker 3: Life insurance. I'm sorry.
• 39:22
  Speaker 2: Go ahead.
• 39:23
  Speaker 3: All right.
• 39:25
  Speaker 1: I want to just, I don't know if you have
• 39:27
  Speaker 1: any other things to cover on this, but I want
• 39:29
  Speaker 1: to make sure. before we before we conclude tonight, because
• 39:33
  Speaker 1: it is money talks with John Arnold's gas here is
• 39:36
  Speaker 1: five dollars a gallon. And can you talk? Can we
• 39:40
  Speaker 1: talk a little bit about the economy and. and what
• 39:45
  Speaker 1: your thoughts are. The market, I think, was up today.
• 39:48
  Speaker 1: Can you talk a little bit about that?
• 39:50
  Speaker 3: This is how Jones was.
• 39:51
  Speaker 1: Yeah.
• 39:52
  Speaker 3: Well, let's just dig into it, like you said. You know,
• 39:55
  Speaker 3: I think we talked about this last show. Everything is
• 39:57
  Speaker 3: going to hinge on that Strater-Hermuz opening and staying open
• 40:00
  Speaker 3: and the crazies between Donald Trump and the Iran leaders
• 40:04
  Speaker 3: that no one even knows who they are anymore. A
• 40:08
  Speaker 3: lot of that hinges on that. And I would say
• 40:10
  Speaker 3: right now interest rates– And gas prices are going to
• 40:13
  Speaker 3: be taking control of the economy. You know what premium
• 40:17
  Speaker 3: is per gallon in Jupiter, Florida right now? Because I
• 40:20
  Speaker 3: have to use premium because I drive exotic cars.
• 40:22
  Speaker 1: No.
• 40:22
  Speaker 4: $ 8.
• 40:22
  Speaker 3: 50. How much?
• 40:23
  Speaker 5: $ 8.
• 40:23
  Speaker 3: 50. If you use a credit card, and I always do, $ 8.
• 40:24
  Speaker 2: 50 per gallon premium.
• 40:27
  Speaker 3: Oh, my Lord. It's insane. And it goes back to
• 40:39
  Speaker 3: what I always think. UPS and those guys are going
• 40:42
  Speaker 3: to surcharges. Lawn mowing guys, putting a surcharge on. I
• 40:47
  Speaker 3: don't blame them. Their cost for fuel has doubled. So
• 40:52
  Speaker 3: it's hurting. It's hurting, and it's going to drastically hurt,
• 40:56
  Speaker 3: I think, earnings reports here in the next quarter. I
• 40:59
  Speaker 3: hope they figure it out.
• 41:01
  Speaker 4: And that's that.
• 41:05
  Speaker 1: I want to pick your brain on a number of
• 41:06
  Speaker 1: things before we run out of time. So when you
• 41:09
  Speaker 1: look at $ 5 a gallon here where we sit on
• 41:13
  Speaker 1: 87 octane, and who knows how long that will go.
• 41:17
  Speaker 1: I mean, people are hoping that they reach some type
• 41:21
  Speaker 1: of an agreement and maybe prices will come down.
• 41:23
  Speaker 2: But that just adds to inflation.
• 41:27
  Speaker 1: And that can be of concern to the economy, depending
• 41:33
  Speaker 1: on how long this can go. And frankly, I think
• 41:34
  Speaker 1: it affects it even at this point in time. But
• 41:39
  Speaker 1: the market still went up today. And you would say
• 41:42
  Speaker 1: to yourself, well, we didn't reach an agreement or anything
• 41:46
  Speaker 1: like that. When they say the market went up because
• 41:48
  Speaker 1: of what, AI stocks and stuff?
• 41:51
  Speaker 3: Yes, you brought up something that was beautiful just now,
• 41:54
  Speaker 3: and I don't know if you brought it up because
• 41:55
  Speaker 3: you listen to my podcast, but I will tell you this.
• 41:58
  Speaker 3: It's because of dispersion, and I know that's a crazy
• 42:01
  Speaker 3: word for the evolution.
• 42:02
  Speaker 2: What does that mean?
• 42:05
  Speaker 3: The only way I can describe it to you is
• 42:07
  Speaker 3: by describing a story. Dispersion is basically saying there's a
• 42:12
  Speaker 3: leader of the pack. Right now, the top 10 AI
• 42:16
  Speaker 3: stocks are carrying the market. Everybody else is mediocre to struggling.
• 42:20
  Speaker 3: And dispersion is, so imagine.
• 42:22
  Speaker 4: We're in a marathon, and we've got 100 runners.
• 42:25
  Speaker 3: And there's 10 professional athletes in there, and 100, all right?
• 42:30
  Speaker 3: Usain Bolt, Olympic-style runners, et cetera, and the rest of
• 42:35
  Speaker 3: us are just regular runners. Now, imagine the rest of
• 42:38
  Speaker 3: those 10, imagine we start out the same starting line,
• 42:41
  Speaker 3: and we put anchors, ropes and anchors on the rest
• 42:44
  Speaker 3: of us. Those guys are so good that they're carrying
• 42:48
  Speaker 3: us So the finish.
• 42:49
  Speaker 4: Line, but they're like a hundred yards ahead.
• 42:52
  Speaker 3: That's what's going on with the stock market. That's dispersion.
• 42:55
  Speaker 3: Dispersion AI stocks are leading the market right now as
• 42:58
  Speaker 3: we speak. And that is scary because everything, everything, you know,
• 43:03
  Speaker 3: everything that comes out in the wash and when it
• 43:06
  Speaker 3: comes on the wash and the market realizes that, Hey,
• 43:09
  Speaker 3: things aren't as good as maybe they appear to be
• 43:12
  Speaker 3: in the market.
• 43:13
  Speaker 4: I think we're in for some trouble.
• 43:16
  Speaker 1: One of the headlines said that Alphabet and Caterpillar earnings
• 43:20
  Speaker 1: were strong in those areas. You know what?
• 43:25
  Speaker 3: Google went up crazy today, but you know who didn't? Who? Microsoft. Microsoft.
• 43:30
  Speaker 3: They had great earnings. A lot of these companies right
• 43:33
  Speaker 3: now that are having great earnings, they're getting their asses
• 43:36
  Speaker 3: kicked in the market the next day. It's insane. But yeah,
• 43:39
  Speaker 3: WDC did well yesterday. MU did well. And what you
• 43:45
  Speaker 3: just described to me, Google had a great report.
• 43:47
  Speaker 1: So do you think volatility is going to continue just
• 43:50
  Speaker 1: based on what's going on in Iran and the economy
• 43:54
  Speaker 1: in general?
• 43:57
  Speaker 3: Yes, I do. Heavily. Yes, I do. Yes, I do.
• 44:01
  Speaker 3: And until this comes to a screeching halt, which God,
• 44:05
  Speaker 3: I hope is soon, I think that we're going to
• 44:08
  Speaker 3: be in a volatile market, which is great for day
• 44:11
  Speaker 3: traders and really bad for investors.
• 44:14
  Speaker 1: And that oil price or that gasoline price, that's a
• 44:18
  Speaker 1: major psychological thing on everybody.
• 44:20
  Speaker 2: Would you not agree? Huge.
• 44:21
  Speaker 3: Huge. Huge. I mean, I hate being the bearer of
• 44:26
  Speaker 3: bad news. When I talk about $ 5 a gas in
• 44:29
  Speaker 3: Mahoning County, and it's all relative, $ 8. 50 in Jupiter, that's scary.
• 44:35
  Speaker 3: That hurts everybody. And I don't see... a true end
• 44:38
  Speaker 3: in sight. Even if Donald Trump and the Iran leaders
• 44:41
  Speaker 3: got in bed tomorrow and loved each other and everything's hunky-dory,
• 44:45
  Speaker 3: three or four months for that to probably come back
• 44:47
  Speaker 3: down and come back to reality. You know the airlines?
• 44:50
  Speaker 3: By the way, I'm in the airport, which is ironic.
• 44:52
  Speaker 4: They have openly said that tickets.
• 44:56
  Speaker 1: Are going to come back.
• 44:58
  Speaker 2: I love when John does his show, folks, because he
• 45:01
  Speaker 2: might be dry. Go ahead. I love it. You're in
• 45:04
  Speaker 2: the airport. Did you know?
• 45:05
  Speaker 3: I used to do it at my kid's soccer game.
• 45:07
  Speaker 2: Right. Did you know?
• 45:08
  Speaker 1: I mean, airline ticket prices are going up. They're canceling
• 45:11
  Speaker 1: some flights because of the cost of jet fuel. I mean,
• 45:15
  Speaker 1: this has happened in an extremely short period of time.
• 45:20
  Speaker 3: Yep. And that should scare the you-know-what kind of people.
• 45:24
  Speaker 1: Right.
• 45:25
  Speaker 3: And that's that. Right.
• 45:28
  Speaker 2: Absolutely.
• 45:29
  Speaker 3: So here's the thing. Dispersion is leading the market. I
• 45:33
  Speaker 3: know it's a weird term, but that's the truth. That's
• 45:35
  Speaker 3: the accurate term. Is it real?
• 45:37
  Speaker 4: No.
• 45:38
  Speaker 3: Can you make money in the market? Yes.
• 45:40
  Speaker 2: Be very cautious.
• 45:42
  Speaker 3: Make sure you're very diversified. One way to approach it.
• 45:48
  Speaker 3: like uh you just go balanced so you can do
• 45:51
  Speaker 3: a balanced approach for your 60 to 50 percent equities
• 45:54
  Speaker 3: maybe the equities are blue chips and some utilities and
• 45:57
  Speaker 3: health care things that you know if those go to
• 45:59
  Speaker 3: our business then you're probably living in a cave and
• 46:02
  Speaker 3: then package it up with a money market or some
• 46:03
  Speaker 3: cds and then you go from there and uh and
• 46:08
  Speaker 3: and then you live.
• 46:09
  Speaker 1: It out is it is it hard to say but
• 46:13
  Speaker 1: what's your thoughts uh ahead are you bullish are you
• 46:17
  Speaker 1: Not bullish, are you?
• 46:18
  Speaker 2: I'm bullish.
• 46:20
  Speaker 3: I'm not like out of mind bullish like it's 1998 again.
• 46:24
  Speaker 2: I'm bullish.
• 46:26
  Speaker 3: If I had to put a gun to my head
• 46:29
  Speaker 3: to save my family and I had to make a decision,
• 46:31
  Speaker 3: I'm bullish. I told you guys that, what, on the
• 46:33
  Speaker 3: radio six weeks ago? Yes. I'm not one to say,
• 46:36
  Speaker 3: look at me, and I'm right, I'm right. I'm the same.
• 46:38
  Speaker 3: Let the results speak for themselves. I'm bullish. But let
• 46:40
  Speaker 3: me also tell you, which is obvious, I'm very cautious.
• 46:46
  Speaker 3: I'm very, very cautious. And if you're an investor out there,
• 46:51
  Speaker 3: you should be. If you're past the age of 50
• 46:54
  Speaker 3: and your retirement's around the corner, you need to be
• 46:56
  Speaker 3: talking to certain folks. You know who I'm talking about?
• 47:00
  Speaker 3: About reallocating your portfolio to bounce or something more conservative.
• 47:03
  Speaker 3: You are an absolute idiot. Fool. If you're heavily invested
• 47:06
  Speaker 3: in the market growth stocks, then you're going to retire
• 47:08
  Speaker 3: in the next five years. You should be tailoring down,
• 47:11
  Speaker 3: I don't care who's making money, I don't care what
• 47:15
  Speaker 3: your neighborhood, you need to be tailoring down and.
• 47:17
  Speaker 4: Using some common sense and really get your portfolio.
• 47:20
  Speaker 3: Aligned directly with common sense and what's suitable for you
• 47:24
  Speaker 3: and your life.
• 47:25
  Speaker 1: And not so much in growth stocks if you're five
• 47:28
  Speaker 1: years from retirement.
• 47:29
  Speaker 2: As you say.
• 47:30
  Speaker 3: Exactly. Yeah, I mean, you can have some, but come on.
• 47:33
  Speaker 3: You know, I have another war story. I think we
• 47:35
  Speaker 3: ought to go. But, you know, I have people that
• 47:37
  Speaker 3: had 100% of their money in their PSP, GM, in
• 47:40
  Speaker 3: GM stock. And they literally were retiring that day or
• 47:44
  Speaker 3: retiring that month or that year. And, of course, they
• 47:48
  Speaker 3: looked at me as a salesman. Like, I'm trying to
• 47:50
  Speaker 3: get them the roller money or me and put a
• 47:52
  Speaker 3: diversified portfolio together. Oh, hell, I worked at GM 30 years.
• 47:55
  Speaker 3: I trust those guys. I'm in the plant, blah, blah, blah.
• 47:58
  Speaker 3: I know what's going on with this company. And guess
• 47:59
  Speaker 3: what happened to GM? BK, goodbye, goodnight. Signed, still deliver.
• 48:04
  Speaker 3: No money back. So what else can I tell you
• 48:08
  Speaker 3: other than the truth? Don't be a bozo.
• 48:10
  Speaker 4: Diversify your portfolio.
• 48:11
  Speaker 3: See somebody that's licensed and see somebody that cares about
• 48:15
  Speaker 3: you and put a portfolio together that matches your risk.
• 48:18
  Speaker 4: Tolerance, but more importantly, where you're at in life.
• 48:21
  Speaker 1: Were you surprised? One final question for you. Were you
• 48:24
  Speaker 1: surprised where gold ticked down? Usually when you've got uncertainty,
• 48:27
  Speaker 1: gold goes up.
• 48:29
  Speaker 3: Yeah, I was. I was, and I just think that
• 48:31
  Speaker 3: it's just reallocation, but I'm not saying that gold's bullish
• 48:36
  Speaker 3: or bearish. I'll tell you that I... I got my
• 48:40
  Speaker 3: eye on it. Let me just say that. Anytime I
• 48:42
  Speaker 3: see a bargain like that after a large, like a
• 48:45
  Speaker 3: fast run-up, like silver took a you-know-what on me, I
• 48:49
  Speaker 3: got killed on that. But if you look at silver
• 48:51
  Speaker 3: since the got killed, it's slowly trickling up. Keep your
• 48:55
  Speaker 3: eye on those things.
• 48:57
  Speaker 1: Yeah, but usually when you got a diverse or volatility,
• 49:01
  Speaker 1: gold always goes up. It's odd that you got volatility
• 49:04
  Speaker 1: and gold goes down.
• 49:05
  Speaker 3: It really is odd because it's traded.
• 49:08
  Speaker 2: Yeah, absolutely.
• 49:09
  Speaker 3: All right.
• 49:09
  Speaker 2: So, John, you.
• 49:12
  Speaker 1: Got me thinking tonight, man. I hope he's got you thinking, folks. Remember,
• 49:16
  Speaker 1: estate planning, estate planning, estate planning.
• 49:19
  Speaker 2: And remember.
• 49:20
  Speaker 1: Life insurance, life insurance, life insurance. And I'm going to
• 49:23
  Speaker 1: tell you something, John. I'm going to look at those
• 49:25
  Speaker 1: term policies that I get in the mail all the
• 49:28
  Speaker 1: time from AAA and AARP. And I'm going to start
• 49:31
  Speaker 1: reading them because of you. And I thank you.
• 49:34
  Speaker 3: Thank you. I hope that helps somebody, including you.
• 49:37
  Speaker 2: You did.
• 49:38
  Speaker 3: But remember this, math doesn't lie and it always wins. Absolutely.
• 49:42
  Speaker 2: Every Thursday, it's good to hear his voice.
• 49:44
  Speaker 1: It's the Money Talk program with John Arnold, NewsRadio 570 WKBN.
• 49:49
  Speaker 2: Thank you, John. We always enjoy it.
• 49:50
  Speaker 3: Thank you.
• 49:51
  Speaker 2: Appreciate it.
• 49:52
  Speaker 1: That's some great advice that he gave tonight. Some great advice.
• 49:55
  Speaker 1: I hope you listen to it. Ron Verb, NewsRadio 570 WKBN.
• 49:58
  Speaker 1: Sean's next.
• 50:05
  Speaker 2: From ABC News, I'm Dave Packer.
• 50:08
  Speaker 6: Late word this hour of a stabbing spree at a
• 50:10
  Speaker 6: high school in Washington State. Authorities racing to Foss High
• 50:14
  Speaker 6: School in Tacoma around 1.40 this afternoon.
• 50:16
  Speaker 2: The school put on lockdown.
• 50:18
  Speaker 6: Officials say five people injured, four seriously, including several students
• 50:22
  Speaker 6: and a security guard. Authorities searching the school for additional
• 50:25
  Speaker 6: victims and say a suspect is in custody and that
• 50:28
  Speaker 6: suspect is a student. Paid at the pump, the price
• 50:31
  Speaker 6: of oil and gas continues to surge as a war
• 50:33
  Speaker 6: with Iran squeezes the global energy market. Nationwide, we're paying
• 50:37
  Speaker 6: an average of $ 4. 30 a gallon, up 44% since the
• 50:40
  Speaker 6: end of February. Patrick DeHaan with GasBuddy says Americans need
• 50:43
  Speaker 6: to get used to that higher price for now.
• 50:45
  Speaker 7: We are getting into territory where even if the street
• 50:48
  Speaker 7: does reopen, it could be beyond a year for gas
• 50:51
  Speaker 7: prices to fully normalize back to their pre-war levels.
• 50:54
  Speaker 6: Defense Secretary Pete Hegseth spending a second day on Capitol
• 50:58
  Speaker 6: Hill being grilled about the war with Iran.
• 51:00
  Speaker 2: This time by a Senate committee, ABC's Rachel Scott.
• 51:02
  Speaker 8: With gas prices at their highest point since the war began,
• 51:05
  Speaker 8: and the straight of her moves essentially shut down, frustrated
• 51:08
  Speaker 8: lawmakers grilling Pentagon Chief Pete Hegseth, asking him if President
• 51:12
  Speaker 8: Trump will ever seek congressional approval for the war he
• 51:15
  Speaker 8: launched two months ago.
• 51:16
  Speaker 6: On the heels of this week's Supreme Court decision to
• 51:19
  Speaker 6: strike down a majority black congressional district in Louisiana, Louisiana
• 51:23
  Speaker 6: Governor Jeff Landry telling Republicans running for House seats that
• 51:26
  Speaker 6: he plans to delay next month's primary so lawmakers can
• 51:29
  Speaker 6: redraw the state's congressional map first. And Republicans in other
• 51:33
  Speaker 6: states are making redistricting moves. ABC's Lionel Moise.
• 51:36
  Speaker 9: Just hours after the decision, Florida's state legislature passed a
• 51:40
  Speaker 9: controversial new map pushed by Governor Ron DeSantis designed to
• 51:44
  Speaker 9: flip up to four Democratic seats. But while Republicans have
• 51:47
  Speaker 9: taken ground in the South, a Democratic counteroffensive in blue
• 51:50
  Speaker 9: states has turned the national map into a high-stakes game
• 51:54
  Speaker 9: of math.
• 51:54
  Speaker 6: The Dow up 790 points today. The Nasdaq and S &
• 51:57
  Speaker 6: P finishing at their best month since 2020.
• 52:01
  Speaker 10: You're listening to ABC News. Hot summer days and high
• 52:06
  Speaker 10: energy bills are on the way. Upgrade your home's old
• 52:08
  Speaker 10: leaky windows this month during WindowNation's buy, forget, for free sale. Yes,
• 52:13
  Speaker 10: half of your new, beautiful, energy-efficient windows, free. Plus, no
• 52:16
  Speaker 10: money down and no monthly payments or interest for two years.
• 52:19
  Speaker 10: Call now, 866-286-70 or WindowNation.com. In select markets, trust our
• 52:25
  Speaker 10: family of brands, New South Window and Armor View. That's
• 52:28
  Speaker 10: 866-286-70 or WindowNation.com to book a consultation.
• 52:34
  Speaker 5: I've been telling you all about the secret war on
• 52:36
  Speaker 5: our cash and the free report you can receive a
• 52:37
  Speaker 5: copy of by contacting Swiss America at 800-289-2646. I'd also
• 52:42
  Speaker 5: like to encourage you to subscribe to their podcast on YouTube.
• 52:45
  Speaker 5: Just search Swiss America Trading. The podcast can provide you
• 52:48
  Speaker 5: a ton of vital information and financial news in the
• 52:51
  Speaker 5: challenging and uncertain times we're in.
• 52:53
  Speaker 2: Subscribe today.
• 52:54
  Speaker 5: Learn more about BRICS, industry leaders, and their market predictions
• 52:57
  Speaker 5: for the future, along with what you might expect to
• 52:59
  Speaker 5: see in terms of precious metal performance in the weeks
• 53:01
  Speaker 5: and months ahead. Message and data rates may apply.
• 53:05
  Speaker 6: Democratic Governor Janet Mills announced today that she's suspending her
• 53:08
  Speaker 6: Senate campaign, which means that Graham Plattner is now the
• 53:12
  Speaker 6: presumptive Democratic nominee. Plattner is a military veteran and a
• 53:17
  Speaker 6: oyster farmer. Today, he said he looks forward to working
• 53:20
  Speaker 6: with Mills to defeat longtime Republican incumbent Senator Susan Collins.
• 53:24
  Speaker 1: I reached out to the governor this morning, giving her
• 53:27
  Speaker 1: my thanks for her decades of service to this state.
• 53:29
  Speaker 2: I'm very much looking forward to working with her closely
• 53:32
  Speaker 2: as we move forward.
• 53:33
  Speaker 6: Leaders at Camp Mystic in Texas are withdrawing an application
• 53:36
  Speaker 6: to reopen the camp this summer after last year's deadly floods.
• 53:39
  Speaker 7: Even though investigations are still underway into last year's flooding
• 53:43
  Speaker 7: that killed 27 campers and counselors at Camp Mystic, camp
• 53:47
  Speaker 7: leaders planned on reopening this summer. The camp was set
• 53:50
  Speaker 7: to be at a different location and the camp saying
• 53:52
  Speaker 7: over 800 children were.
• 53:53
  Speaker 2: Signed up to attend.
• 53:55
  Speaker 7: But amid mounting pressure from Texas officials not to reopen,
• 53:58
  Speaker 7: and last week WordCamp Mystic was told its emergency plans
• 54:01
  Speaker 7: were incomplete and could not open, the Texas Christian Girls
• 54:05
  Speaker 7: Camp now says it has withdrawn its application to reopen
• 54:08
  Speaker 7: this summer. The camp saying in a statement no summer
• 54:10
  Speaker 7: season should move forward while families continue to grieve. Alex Stone,
• 54:15
  Speaker 7: ABC News.
• 54:16
  Speaker 6: FIFA's president today confirmed Iran will play in the United
• 54:19
  Speaker 6: States at this summer's World Cup. Iran is scheduled to
• 54:22
  Speaker 6: play New Zealand in Los Angeles on June 15th.
• 54:25
  Speaker 2: No word yet on if the U.S. and Iranian teams
• 54:28
  Speaker 2: will face each other on the field. Dave Packer, ABC News.
• 54:35
  Speaker 10: Hot summer days and high energy bills are on the way.
• 54:38
  Speaker 10: Upgrade your home's old leaky windows this month during WindowNation's buy, forget,
• 54:42
  Speaker 10: for free sale. Yes, half of your new, beautiful, energy-efficient windows, free. Plus,
• 54:46
  Speaker 10: no money down and no monthly payments or interest for
• 54:48
  Speaker 10: two years. Call now, 866-286-70 or WindowNation.com. In select markets,
• 54:55
  Speaker 10: trust our family of brands, New South Window and Armor View.
• 54:58
  Speaker 10: That's 866-286-70 or WindowNation.com to book a consultation.