Latest / 4DAFAM / Ep.16 - Pensions vs 401(k): Why are they necessary

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Ep.16 - Pensions vs 401(k): Why are they necessary · 4DAFAM

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Let me hear you. I got something you need to hear.
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Turn the volume up so it's loud and clear. A podcast where we talk about politics
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and culture. A script with no limits.
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Like a Bible for a soldier. We're not pretenders. Ain't no agendas.
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Our only plan is to keep it 100 and do it.
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What up, what up, what up? What's going on?
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Same old same. I'm Six Mill, keeping it trail. It's your boy KG.
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Welcome to episode 16 of For The Fam Podcast.
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Yes, sir. How you been, brother? You all right? Yeah, man. Can't complain.
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Had a short week. Well, we both had a short week.
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Hopefully a short week next week, too. Man, bro.
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I know you had a busy. Man, bro. Man, bro.
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I don't want to get into it, but yeah, it was rough. Even though you're right,
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technically it was a short work week.
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It felt like two weeks, man. I can't even front.
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It was it was a busy, busy, busy time, man, which I guess is to be expected,
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though, in my line of work. So.
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Well, yes, it was busy. I'm not complaining. I mean, I wasn't completely caught off guard.
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But anyway, what do you want to get into today, bro?
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So today we want to talk about 401k and pension.
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OK. And this all started from a conversation I had with one of the kids.
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We're just talking about the difference in generations, how our age group likes
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to mention that these young folks don't want to work. While that might be true
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in some instances, it's not true at all.
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But that conversation shifted to pensions and 401ks.
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And I mentioned to him, similar to what you just said, that there's very few
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jobs that still offer pension. Correct.
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I know my father's job offered a pension. So he's he's cool.
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But there's very few. Your job still offers a pension. Mine doesn't for them.
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So but, you know, it's just we wanted to kind of dive into that and then some
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of the connections to the state of Indiana as it pertains to 401k and pension plans. All right.
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All right, cool. Well, let's get into some historical aspects of pensions and
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401ks and all of that type of stuff, just so we can be factual.
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I mean, we like to be factual.
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We're not going to bore you guys with statistics and all of that kind of stuff.
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But, you know, we do like to give some information just so you guys understand
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that we do research these topics and.
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We do know what we're talking about, basically. So in the late 1970s, 74,
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the Revenue Act of 1978, which was originally originally designed to help executives
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with a tax deferring mechanism.
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So you can probably use your common sense and who made that policy.
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But the solution was to create 401ks.
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So since the 1970s, like you were just saying, 401ks has been a thing.
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By 1999, 401ks basically became the norm and the number of participants heavily
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outweighed the number of pension participants.
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Now, you might be thinking, what's the difference?
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I'm going to try and be as brief and specific as I can.
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Try and dumb it down, simplify it. I'm sorry, I shouldn't say dumb it down.
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Try and simplify it as much as I can.
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Pensions are guaranteed.
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Your employer basically takes all the risk.
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Pensions are capped. It's a fixed monthly income.
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Pensions end when you die. So that's what a pension plan is,
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basically, versus a 401k.
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A 401k, basically, you, the employer, has to invest your own money into it.
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You become a financial planner without any training.
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Thank you for saying that.
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PSA. We are not financial advisors.
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Not at all. Please do not take anything we say in this episode as financial advice.
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OK, we are just two guys having a discussion. We are not trying to tell anyone
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how to invest or set up their retirement savings plan. All right.
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With that being said, getting back into it.
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Yeah. Basically, 401ks, you, the individual, you, the employee,
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invest and companies generally match up to five percent of your salary or your income.
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Now, you can invest more if you choose, but the company's only going to match
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up to five. No, it's five percent.
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No, no, I'm talking about individual. Oh, oh, oh, yeah, yeah, yeah, yeah. Yeah.
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There are different types of 401k plans. You can have a low risk,
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which means your money is basically safe, but it's not going to grow.
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You can have a moderate, which means that your money is going,
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there's going to be like 50% risky stocks versus 50% safe stocks.
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So it'll grow at a moderate rate, or you could go to high risk and invest in
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really risky stocks, which of course,
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if you win bigger reward
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correct but if you lose you just
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screwed yourself out of all of your money welcome to
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mcdonald's may i help you exactly so at 75 a 401k actually can like be transferred
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from job to job or a pension can't a 401k can actually be what's the word i'm looking for i I guess,
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part of your children's inheritance where a pension cannot.
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So those are those are just some of the key differences between a pension and a 401k.
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And like KG was saying, most companies do not offer pensions anymore.
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I would say the majority, unless you have a government job, some private sector
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jobs, but not many offer pensions.
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But everything is basically a 401k. So so it's all about planning for your future,
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planning for your retirement.
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And the impetus is now on you or us as individuals, as opposed to pensions back in the day.
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So one thing I forgot to add at the beginning, we were talking about, you know, 401k pension.
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This also this conversation also started with those two things leading to loyalty.
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So the conversation started with loyalty and pensions, which,
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you know, which I think we can. I think I got where you're going with that. Yeah. Yeah.
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So I want to tie this back to the state of Indiana. So way back in 1963,
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they had something called Black Monday.
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Up in South Bend. And it was the day the Studebaker plant shut down.
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Roughly 7,000 people worked there and they walked away with nothing.
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Vanished overnight. So South Bend went from one of the state's largest employers, overnight gone.
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So the biggest issue with that is the pension fund when they went under was $15 million short.
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That's a whole different conversation to have. company mismanaging the money
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correct so if you were over 60 you got your full pension 40 to 59 with 20 plus
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years of service you received 15 cents on the dollar,
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workers under 40 nothing so if you started working there at 21 and you were
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gone at 40 you got nothing,
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Or, I'm sorry, 39. Say you start working there at 19 and left at 39.
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Even though you had 20 years in, which was usually where they bested,
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nothing. Interesting. Because you were under 40.
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So a law that came into effect, it was first mentioned, I forget the senator's name, Vance Hartke.
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So he was considered a local hero up in that area. So it was in 1974, the Ariza Act.
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So basically what it was is it allowed company mismanagement was no longer an issue.
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So if the pension plan came up $15 million short, the government guaranteed the pension.
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So in 1974, Indiana Senator proposed that act.
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So those people like in Studebaker in 63 didn't walk away with nothing.
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So, you know, for example, when you retire, if it's mismanaged,
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which it probably will be. That's a whole different podcast.
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Right. project, it's guaranteed no matter what. Right. So you're going to get
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your pension regardless.
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The biggest issue going to what you said, I go from being a line worker for
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Studebaker to being a financial planner overnight.
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I can do research.
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I can talk to my family, my friends. I'm not a financial planner. Correct.
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So the question is, would you rather have a guaranteed $5,500 a month?
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Or would you have somebody hand you a million dollars and say,
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here, figure it out when you retire?
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If you know what you're doing, you take the million. If you don't,
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fifty five hundred dollars a month is a good pension to live off of.
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And then you have your, you know, other little odds and ends money that you've
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saved. You know, if your if your spouse is working, depending on what they get.
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So that's the biggest issue with 401k, in my opinion. Well, I,
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I, I think that the million dollars is like way, way, way generous. Oh, no. Yeah. I was just.
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Yeah. Yeah. Most people aren't going to even touch that. I mean,
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you have to be one. You have to start like investing in it really,
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really young and you have to have ironclad plan.
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Not that it's impossible to reach a million dollars. Correct.
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But it's going to be very, very difficult. You have to be really strategic in
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how you're investing and your contributions and all of that to even get that
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magical million dollars,
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which I don't even know if that would be enough.
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And I guess that's also one of the pitfalls of a 401k, right?
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With a pension, you got that money until the day you die.
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With a 401k, if you have not saved up enough, you can outlive your 401k savings.
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So now you're just stuck.
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So it is important.
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I think personally, it's never too early to start planning and thinking about it.
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But if you're in your 20s and you're thinking, ah, whatever.
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OK, I understand that. Even if you're early to mid 30s and you're going,
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yeah, I really can't afford it right now.
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I got some other thing. I can understand that also.
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When you reach 40, I really think you should start planning and trying to have
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a little something taken out of your check.
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So when you do reach retirement age, you got something. The earlier you start, the better.
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And then as your salary increases, you can get more and more taken out.
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But don't think that this is an issue that you can just push off until one day
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you wake up and you're 50, you're 55 and you're going, oh, wow.
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Now I got to start saving for my retirement.
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Chances are you probably screwed yourself. Mm hmm.
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So one more thing you mentioned when you pass, it goes away.
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The only thing if your spouse, your spouse keeps getting a check under the Ariza Act.
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Your children do not. Correct. But your spouse will.
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Correct. You cannot. Yeah. It's not an inheritance that you can pass. Yeah.
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So one of the other issues is that, you know, pensions used to offer cost of living increases.
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Mm hmm. Correct. It was milk, eggs. That is correct. It got more expensive.
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401k is like, nah, that's what you got. Right. If the S&P is down,
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pension don't care. Right. 401k cares.
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If you would have retired in 08, was it 08? Yeah, yeah. 08.
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You would have seen a 30% decrease after the housing market.
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A 30% decrease. In your 401k. In your 401k. Crazy. if you were to retire.
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I still don't understand how it works as far as like when you're eligible to
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pull out all of your money and avoid because I know if you pull it out too soon
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there's like a huge tax penalty.
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I still don't understand like how or when is it you know now that all of this
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is mine without the large penalty tax.
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So against my better judgment I've borrowed from my fault before. Thank you.
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I mean, yeah, it was taxed, but it wasn't. I think the propaganda of it all
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is that it tries to stop you from touching it at all.
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Because it makes it sound like if you pull out five grand, you're going to get taxed $4,000.
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No, that's just not the case. It's a fixed amount that they tax you.
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And then you have to obviously claim it on your taxes. And you may see a little
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difference. If you owe the government $200, now you owe $350.
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I think an extra $150 in tech. Of course, I'm just throwing numbers out there.
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I guess $150 in taxes is worth it for whatever you had to pull that money out. Sure.
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All right. I get it. So this is also something that I wanted to touch on.
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I think it's somewhat important.
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Everyone knows that the way our economy is run is capitalism.
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So I just wanted to touch really quick on a capitalist model versus a socialist model.
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So what we're talking about as far as 401ks,
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that's the capitalist model where you have to invest and you depend on the market
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for your retirement savings as opposed to a socialist. Right.
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You're good. The government got you.
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Now, of course, it depends on the younger people, sort of like Social Security.
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It depends on the younger generations continuing to work and feed into it. But you're good.
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All of your costs after you retire, everything that you work for,
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you don't even have to worry about it. The government is going to take care of you.
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And Social Security is so America is sort of like both.
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Right. So people say, oh, no, it is. It's just that people are too stupid to
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understand. I'm against socialism.
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Well, you're not really because we've already adapted some socialist principles.
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And really quick, at the end of the day, if I work for a company for 35 years,
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blood, sweat, and tears, took my vacations, normally didn't call out a lot, so on and so forth.
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The mismanagement of a few at the top now affects me for the rest of my life.
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Somebody should step in and make sure that the working man or woman is okay.
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Correct. Like, in my opinion, it's just as a government, why would why would
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you want your people to be out there?
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You know, they don't work 35 years and this is how you repay them. Bootstraps. Oh, yeah.
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Bootstraps. Got to pull yourself up. And hey, it's your fault.
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You should have had a plan just in case the company went under.
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That's exactly what they would tell you, too, that you've mismanaged your time
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and your funds. You should have been saving.
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You should have been saving. And I guess the other thing we should say,
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you as an individual, you're not like picking the stocks.
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Invest in. That's what your company.
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So whatever company you work for, I'm sure they have contracted the 401ks out
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to some financial firm, I guess.
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So you don't have to be worried with the day-to-day of, is this stock bad? Is this stock good?
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They do all of that for you, but also at a price. You know, so everything you're
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putting in isn't exactly going because somebody got to pay that financial firm.
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So just keep that in mind also. So going back to something you said at the beginning
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about the 1978 tweak, that new bill.
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What that new bill did is it gave company, it allowed companies to ditch the
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federally regulated fund.
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That Ariza put in place. So what they did is they just started,
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like, as you mentioned, they started matching because before that they were still on the hook.
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Companies were still on the hook. So with the Ariza Act, they said,
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well, we'll just tweak it in 1978 and now companies are off the hook and they'll
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just match the 3% so they can still say, well, we're still helping.
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Right. You know, we're not just leaving them out there stranded high and dry.
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We're still investing so you know it it
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either way they could match up to 10 you
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could take out 10 they can match up to 10 at the end of the
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day it's all on you that 10 is a
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drop in the bucket to them correct so if you
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you know you got say 100 you know 100 bucks coming
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out what's 10 to them right especially
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if they only have like three or four hundred employees or whatnot so
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yeah is is it's kind of weird the way it all works and really confusing and
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I think it's confusing on purpose yeah by design you know so we're saying all
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of that to say this 401ks are important.
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You have not started, please start.
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It's never too early to start, okay? Because what's going to happen is when
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you reach the retirement age, you'll realize that you can't afford to retire,
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which is a really sad, sad thing to recognize.
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And what do you do to supplement your income? You go get a job and now you're working until you die.
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That's the harsh reality. So obviously, you know this, but most people listening don't.
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I work two jobs from what age 20 to about 34.
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Yeah. I work 14 years with two jobs.
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Which I've always told you to stop, but.
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Which i listened yeah you know but it's
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i mean it helped obviously you know
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during the time especially when my day job with my
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insurance you know feeding the family taking care of a family of six my insurance
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was three four hundred dollars every two weeks right but then i got that part-time
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job with a one of the largest companies in the world working part-time and my
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health insurance for six people was like $20 a week.
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I'm like, why would I leave that? And then of course, my wife at the time worked
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for the other, their competitor.
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And insurance was free for employees.
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We were spending $80 a month and we had primary and secondary insurance.
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Interesting. When the two youngest kids were born, man, we got treated like
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kings and queens in that hospital.
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We had primary and secondary insurance from two of the largest companies in the world.
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Probably how it should be for everyone but that's definitely a different conversation
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for a different time yep so you want to leave it there bro you want to keep going.
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Leave it there we can leave it there i think we we got
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out all right i mean we can always revisit this yeah for sure
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all right cool let's let's move into our uh current events anything you want
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to touch on bro man so a story i saw just this morning there's a guy that came
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over from south africa i'm not even gonna try well i guess i can pronounce his
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last name benjamin Shunwiko.
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So he's a white South African? Yes, white South African.
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So he came over not on the nonsense that the president was talking about,
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you know, since white South Africans were being persecuted and the land was being taken. Correct.
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He came over here on a work visa and then said to hell with the work visa and
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decided that he was going to stay in the United States.
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Which is what a lot of them do. Right. Okay.
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So he was arrested by ICE. He hired an attorney. The attorney thought he was black.
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You know, just because they were from South Africa because he was from South Africa. Okay.
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So the attorney said, I thought he was black because I mean,
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with him being white, what other reason would he be in jail?
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Face is how I read it three times. I was like, maybe I'm not understanding this.
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Maybe there's a punctuation mark. He should be disbarred.
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So he thought that he could come to the United States and just stay here.
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And I guess he's been in detention now for maybe a month, maybe a little bit
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longer, but it's long overdue.
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His visa is long overdue. He's in jail and he's a white South African,
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he just cannot understand why the rules in this country don't apply to him.
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He can just circumvent them because the president said, if you're a white South
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African, I mean, that's not what the president said, but he took it as,
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well, I'm a South African.
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I'm just going to go to the United States. And they arrested his dumb ass.
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It's crazy because a lot of immigration violations are exactly what you described.
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People who come here legally on work visas and they stay past the expiration
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date and they just never leave.
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It's not as much sneaking into the country we're under invasion.
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It's not as much of that as they try and make it seem.
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A lot of it is people who come here legally and just overstay their work visas and never leave.
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I think the shock His shock, like speaking to his attorney, was that he was
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shocked that an undocumented South African is basically just as deportable,
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deportable as an undocumented person from any other nation.
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Right. So he thought, yeah, I'm white.
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Yeah. Good. Good luck. Good. Yeah. Good. You got exactly or you're getting exactly what you deserve.
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And in a couple of weeks, you'll be right back on the soil that you left. Correct.
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All right. That's my current event. All right. Cool.
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I want to talk about these Christmas Day strikes in Nigeria.
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And I...
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I don't want to talk about I don't want to focus on whether you agree or disagree
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with the religious prosecution and all of that, even though.
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When did we start fighting religious wars? We're supposed to have a separation
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of church and state so we don't get caught up in religious wars.
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But again, I don't even want to talk about that. That's a different conversation for a different time.
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Whether you agree or disagree, not really germane to the point that I want to
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make. The point I want to make is this.
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You're going after a specific extremist group. Why are you dropping missiles?
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Everyone is getting caught up in the collateral damage.
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How many innocent lives are being impacted negatively?
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Again, I'm not even talking about whether you want to go fight for Christians or not.
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If that's what you want to do, that's what you want to do. Go do it.
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Can you not send a black ops group?
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Can you not send some type of special ops to go after this specific extremist
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group instead of dropping bombs?
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You're basically using a chainsaw to solve a problem when you need a scalpel.
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And this is the same issue that I have with Gaza. If you're going after one
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extremist group, why are you dropping bombs on an entire nation?
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Everyone is not Hamas. Everyone is not Boko Haram.
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Stop it. You're just committing murder. You're committing murder under the guise
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of religious retribution or self-defense.
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Label you want. To me, it doesn't matter.
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You're still committing murder because you're killing innocent people.
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We really need to stop with this. Just drop a bomb.
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Drop a bomb. It's like, if I got beef with you, KG, I'm dropping a bomb on your whole neighborhood.
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He over here somewhere. Exactly.
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It doesn't make sense. Because you know somebody in
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the room is saying yeah just drop it right there he's in
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that area exactly he's no idea you have
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no idea who you're hitting oh lord have mercy that's that's it bro that's so
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this topic was actually my second current event topic okay and i want to add
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to what you just said the problem okay so full transparency.
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Several organizations that say Nigeria is the deadliest place on earth for Christians.
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Some gunmen separate Muslims from Christians before they kill them.
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Hold on, hold on. Hold on. Before you get into that, because you know,
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like religious breakdown is like 50-50. Right. Well, that's what I'm saying.
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However, it's not as simple as, hey, ISIS is in Northwest Nigeria.
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Correct. There are three different. There's a civil war going on in Northwest
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Nigeria. There are three different types of people.
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Bandits are pillaging Christian communities.
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They're not related to ISIS. They're just kind of like how the Janjawe went
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through Sudan back in the day.
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It's not as simple as, hey, they're killing Christians.
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It's complex. Correct. But you're telling us there's an ISIS backed brigade
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of people in northwest Nigeria killing a bunch of people. Wrong.
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There's three different types of bandits.
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One of them might be related with ISIS, but you're generalizing all the nonsense
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going on in northwest Nigeria as ISIS.
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Because you know that word will give you political cover basically.
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Oh, ISIS. Oh, no, we don't want ISIS.
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Hell, you and I both. We watch what ISIS did over there.
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We don't want to see it happening either. But just putting it under one huge
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blanket that it's ISIS. That's the issue.
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And then you have communities over there. I saw on BBC News them doing an interview
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with someone there that one of the towns that were bombed.
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The dude was like, This is the quietest place I've ever lived. Right.
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We don't have ISIS here. Right. But yet half of this building is gone now because
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the president said ISIS is there. Right.
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And it's not that damn simple. Have we done any type of surveillance,
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any type of intel gathering?
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Let's drop a bomb on him. And let's be real. We'll get him eventually.
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And let's be real. He don't give a damn about black Christians in Africa.
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Speak on it. Speak on it, bro. Is it wrong?
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Yes. Should anybody be killed because of what they believe in? No. Right.
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Absolutely right. Right. But you're telling me that all of a sudden he give
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a damn about black Christians in Nigeria?
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Get the hell out of here. Well... How do you know the over 100 people now that
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you've killed in the ocean, how do you know that they're not Christians?
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You sure as hell won't ask them because you're just killing them.
30:12
So, no, you're right. You don't give a damn about Christians.
30:17
You don't care anything about their plight.
30:20
I don't know if it's a distraction from all of the Epstein stuff.
30:25
I mean, there is uranium in that area. That part right there to me is all about the resources.
30:32
Even with Venezuela, you keep saying you're trying to remove Maduro.
30:37
Really, it's about the resources. You want the oil. You don't care how bad that
30:42
dude is. You just want his resources.
30:45
If you want to remove him, you'd remove him. Right.
30:49
Very quickly. Simple as that.
30:52
Simple as that.
30:54
Oh, man. Man, I just I get so angry and yeah, yeah, for sure, because, you know.
31:04
I know this may be a hot take, right? But when I think about Hiroshima,
31:09
now all of these years later, everyone's like, we should not have dropped those bombs in Hiroshima.
31:15
Well, there were a bunch of people saying that as it was happening.
31:18
What are y'all doing? What are we about to do? That doesn't change or save any
31:23
of the lives of the innocent people who got caught up in that.
31:27
Nope. 10 years from now, 20 years from now I don't want to hear We shouldn't
31:33
have dropped bombs in Nigeria You know what I'm saying?
31:36
Just like, can we take that into account Before we act so recklessly?
31:42
It's just mind-boggling, man It really is But that's my current event I'm sorry,
31:48
y'all We're going to have to pick this up Because I feel like it's getting heavy
31:52
and dark We're going to have to lighten up this load So let's move into our work,
31:58
So check this out, because I had an extra day off.
32:02
And I know from our previous conversations that you're probably going to push
32:07
back on what I'm about to say.
32:10
But I'm going to say it. I'm going to stand up on it. OK.
32:15
So because I had the extra day off this week, one day I watched the Black Panther.
32:21
OK. The next day I'll watch Wakanda forever. Don't you say it?
32:28
Definitely about to say it. And I 100% mean it.
32:32
Wakanda forever is the
32:35
better movie it is bro
32:38
I'm sorry you feel that way Wakanda forever
32:42
is better than Black Panther it tells
32:45
a better story it's more
32:48
cohesive I know you feel like Matisha Wright
32:51
didn't hit all of her emotional cues after a
32:55
rewatch I felt like she nailed it I now
32:58
listen full disclosure would I
33:02
have rather seen Chadwick in this movie yes I
33:05
think the fight between her and Namor at the end if that would have been T'Challa
33:10
that would have been an epic fight it's too short if true true I'll give you
33:18
that the action would have been better with T'Challa.
33:22
I concede that point. But from a storytelling standpoint, Wakanda Forever is
33:30
the better movie. It really is, bro.
33:34
It's much more cohesive. The story flows.
33:39
Watch you can take all of the superhero lore
33:43
out of it and this story still
33:46
works that's how i feel about wakanda forever
33:50
so i i never doubted it told a good
33:52
story because it was it you know explaining namor's
33:57
origins well the origins in the movie it's
34:00
real origins but i just felt
34:03
there was a lot of emotion it was
34:06
in that movie where it sometimes
34:09
overshadowed the story because
34:13
everybody was still so heartbroken correct at
34:16
that time but I also think that's why it
34:19
didn't get the critical acclaim because everyone was
34:22
so emotional about Chadwick passing that they
34:25
really didn't give the movie a chance so i
34:29
feel about movies like that well unless
34:32
it's supposed to be emotional because that movie to me it just
34:36
that first nine minutes of that movie i'm sitting
34:39
there like yo why do i feel like somebody in my family
34:42
just died this is too much for me i feel like that the
34:45
way you feel about musicals okay cool cool no you
34:47
don't no you don't no you don't no you do not because you know i hate musicals
34:53
and i don't think you hate this movie but no I think it was supposed to be emotional
34:59
though and not just from Chadwick dying yeah.
35:06
There is there is a scene in the movie where she's like, I just lost my father,
35:14
my brother and my mother, which I didn't like that. In a short. No, no, I understand.
35:21
But in a short period of time, she's lost her whole family.
35:26
So when she is like, I want to watch the world burn, I felt it.
35:32
It it the rest of the movie made so much more sense when you look at it from that.
35:38
This is just an angry young girl, which is why she saw Killmonger in the ancestral
35:45
plane because he was angry.
35:47
He just wanted revenge she just wanted
35:50
revenge what did old boy want namor
35:54
revenge the whole movie
35:58
is about how revenge can drive
36:01
you to do crazy things it it
36:05
for the for the shakespeare people
36:08
and hamlet right he was so driven by revenge oh yeah that it you know i'm not
36:17
comparing this to hamlet in that way but i'm saying just the whole you have
36:22
to recognize at some point that if revenge is your motivation.
36:29
Get that revenge you're still going to be left empty
36:32
so now you're just going to do more harm
36:36
and that's what she had to reconcile at
36:40
the end i i i stand by
36:43
it man i stand by it wakanda forever is the
36:46
better movie i was i will say this
36:49
storytelling wise i agree a thousand
36:52
percent it is like as you were talking about it i'm sitting there
36:55
thinking you know when she was underwater she did
36:58
this and did that i'm like yeah that makes sense
37:01
because it was a lot of explaining a lot of things going on so
37:05
telecon or atlantis i
37:09
mean they just couldn't call it atlantis because
37:12
of dc it was basically wakanda underwater
37:15
yeah i i mean like it was a
37:18
mirror of wakanda it was just underwater
37:21
so so which is why he
37:24
tried to appeal to her like hey no we should
37:27
be together on this you know if they come for you they coming
37:30
for me let's just team up
37:33
and let's go kill everybody which by the way shout out to my cousin for being
37:36
a stunt double for uh hey that was tight sherry underwater that was that was
37:41
to her that was tight yeah so so so so yeah it was just i'm just like again
37:48
the action in black panther is much better.
37:54
I feel and and and I mean like shout out to Ryan Cooler because he had to change
37:59
his whole thing because no one expected Chadwick to die but yeah man I just I just I feel like I,
38:08
him passing impacted the movie negatively, not just because he wasn't in it,
38:13
but because everyone was just so in shock that he passed,
38:17
that it kind of, and it still almost did a billion, but I feel like it should.
38:23
It ain't far from it. Yeah, I feel like it should have done a billion.
38:27
I really feel like it was just a better movie. I really, really do.
38:31
That's it. That's my work, bro.
38:34
So, mine actually came about I had to change mine. Okay.
38:40
My RART came about 20 minutes before I left the house to head this way. Mm-hmm.
38:46
So I saw a YouTube video pop up from WTHR here in Indianapolis.
38:51
Well, RTV, one of the two.
38:53
And I don't know if you know this, but not far from here, on Girl School,
38:58
a lady was hitting the kill.
38:59
I seen a brief headline this morning when I was getting ready for work.
39:03
Yeah, she was hitting while walking on the side of the road.
39:05
Was it Girl School in Rockville, right? It was south of it.
39:10
It's between the airport on Washington, Rockville, where there's nowhere to walk.
39:16
So that's where I want to start. I've always called this city a city with no sidewalks.
39:22
And although there's plenty of sidewalks, but they're in communities.
39:26
When we grew up, we could literally walk out the house and walk on sidewalks for miles.
39:32
You can't do that here. Nobody's done anything to change, especially out here on the west side.
39:39
Nobody's done anything to change anything. You're talking about on major avenues
39:43
and whatnot. Yeah, yeah. Okay. So like back home.
39:46
We could walk down Calumet Avenue and be on the sidewalk. Right,
39:49
and be on both sides. Yeah.
39:51
There were crosswalks. Right, right. We didn't have to worry if we can press
39:54
a button and wait for the walking sign. Correct.
39:58
There's none of that here. And I feel like we've been here 20 plus years. Mm-hmm. Yeah.
40:04
Changes and I can point to those changes. There's one right by where I live.
40:08
There's now a walking trail right down the road.
40:12
I could leave out of where I live and walk miles now on that side of town.
40:17
But if I go a little bit further toward the high school, you can't walk anywhere.
40:21
If you're not walking on a track at the high school, there's literally in Franklin
40:26
Township, there's nowhere to walk unless you're in a community or on the track at the high school.
40:32
If you want to walk from your a house to, say, the subway that's down the street.
40:36
There's no sidewalk that leads to the subway. Let me, let me, let me.
40:41
I'm not going to play devil's advocate, so that's not the right word.
40:44
Let me, let me, let me just propose this question.
40:46
Do you think it has something to do with most of these kids take the bus to
40:50
school as opposed to us walking the school so there was an initiative to put more sidewalks in or?
40:58
I think that just like the guy said on the news report, I think he work for
41:03
the Department of Transportation, but he said that one of the things that these
41:06
people that build these communities need to understand,
41:08
and he said the Department of Transportation and the state needs to understand
41:12
as well, is that people want to walk.
41:16
And some of these communities, you know, where we are now, nobody expected Hendricks
41:22
County to blow up the way it did.
41:25
Because when we first built the house in Hendricks County, we built it out here
41:28
because it was quiet. Right. Wasn't a lot of traffic.
41:31
Right. Now, as you know.
41:34
Oh, Donna. Oh, my God.
41:38
Four lanes on each side right there by target and
41:41
it's still that's right it's still
41:44
backed up when i moved out here it was four lanes
41:47
total and barely any traffic so it
41:51
is my idea that's my rant man like we we
41:54
have to way too many people in this city 35 people in 2025 have been killed
41:59
walking oh wow so now most of them are on the south side on madison because
42:05
madison avenue is dark and there's a bike lane but you got people that drive
42:10
in the bike lanes or when they go to turn into one of those apartment complexes.
42:13
Yeah, I hear you. They get in the bike lane to turn and there's people out there
42:17
walking on their way to work and whatnot.
42:20
So that's just one of the things this city definitely needs to change.
42:24
Like I should be able to walk out of here and if I decide I want to walk up
42:28
the block I should be able to.
42:30
Yeah, it definitely ain't no sidewalks out there on that road.
42:32
Right. Yeah, you be playing with your life walking.
42:35
It's not only is it dark, but you're right. You'd be either walking in the forest
42:39
or you'd be walking in the forest. Yeah, yeah, yeah.
42:44
I feel you. Sound like you should run for city council. That's what that sound like, bro. Huh? What?
42:52
Why not? I'll write your speeches. Oh, you'll be on the staff.
42:58
You know how fast they'll kick our asses up. Nah, these dudes got to go.
43:04
Hey, man, we'd be in there trying
43:05
to start fights and all You want to go outside, punk? What you saying?
43:10
I ain't saying nothing. I ain't saying nothing. You going to ask me that in
43:12
front of my wife? All right.
43:16
Hold my coat, dawg.
43:22
It's all good, man. All right, y'all. So now we going to our five on the black hand side movie review.
43:30
And today we chose GIF.
43:33
Yes, sir. So just just go with it, bro, because I know I know this is one of
43:39
your favorites. So get out.
43:42
2017 movie, Jordan Peele starring Daniel Kaluuya, Alison Williams,
43:47
Bradley Whitford, Catherine Keener, a little rail, Lakeith Stanfield.
43:52
I like this movie for several different reasons.
43:56
When this movie came out, I went down the rabbit hole of what does this movie mean?
44:02
What is this what is that i got
44:05
something that i i know i didn't know so the song that plays in the movie that
44:11
song being sung by the swahili choir where you can't understand the words the
44:16
words translate to brother listen to the ancestors run something bad is coming oh wow run,
44:24
oh wow so literally through the
44:27
movie that song plays on and
44:30
off through the whole movie that song and none
44:34
of us got well obviously we don't speak swahili right we didn't
44:37
know we just thought oh okay cool he chose an african song for that but i like
44:44
the movie as a whole and i'm drawing blanks on on the some of the things i wanted
44:48
to touch on so i'm gonna let you say what you got saying i'm gonna get back
44:54
to it my apologies y'all all right so um.
44:58
First came out I was excited but curious more than excited what is this movie about,
45:08
upon my initial watch I
45:12
was like okay this is a good movie this this this
45:14
this touched on something you know just from an
45:17
entertainment perspective but then when
45:20
you start getting behind the scenes
45:23
and getting into the lore you start
45:26
to realize oh this movie is a lot better than i thought he put a lot more work
45:32
into this than i realized and there are so many things upon the rewatch that
45:40
you'll pick up on that you don't pick up on the first time you watch it like,
45:47
when McKeith Stansfield get caught up, he was going to see old girl,
45:53
Allison Williams, the girlfriend.
45:56
You don't realize that until you get a second watch. You're like, oh, she is second mark.
46:02
Well, no, what you need his license for. Right. She wasn't standing up for him
46:06
because he was a black man.
46:07
She was standing up for him like, no, no, no. I don't want nobody to know this
46:09
fool here. That's it right there.
46:12
That part. She didn't want anyone to recognize that he was there with them.
46:16
And something symbolic too, the deer.
46:20
So he hit the deer, the deer in the house.
46:23
So what he did is he used the deer as a symbol as prey, prey to be hunted.
46:32
Chris was prey to be hunted, which is why they were hanging on the wall in the
46:38
little surgical room that they had or whatever.
46:41
Yeah, yeah. Yeah, it's so many like small details.
46:46
And I know we've discussed this before, like when the brother,
46:49
was it Jeremy or whatever, wanted to wrestle with him.
46:54
Like don't hurt him and she gives him
46:57
that look not because she was concerned about
47:00
his safety that was because they
47:03
were going to sell him you can't damage the product that's what that was all
47:10
about there's so many little things and it's just like oh wow this movie is
47:14
much deeper than i realized and there's a lot of liberal racism oh for sure
47:20
in the movie for sure you know was it the father?
47:23
Yes. I would have voted for Obama for a third time. Yeah.
47:27
Who asked you? Right. What does that have to do with anything? Right.
47:31
Exactly. What does that have to do with anything? Because while you say that, you're in a safe space.
47:36
Well, you're actively hurting black people.
47:41
But you love Obama. Yeah. But you got a whole operation of hurting black folks.
47:48
But I'm going to tell you my favorite scene in the movie, though,
47:51
bro. It involves Lil' Real. Yes.
47:54
In the police station, bro.
47:56
When Erica go get her buddies and she like, OK, tell me the story again.
48:01
And they just laugh at him. Man, that's my favorite scene in the whole movie.
48:05
I'm like, that's probably a real reaction right there.
48:10
Instead of, you know, the cop always being like, oh, we got to go do this investigation.
48:15
They probably just laugh at you and be like, man, get out of here.
48:19
So something else I looked up.
48:23
Symbolism with the going back to the deer dean armitage
48:27
rants constantly throughout the movie about how their rats
48:30
should be eradicated right varmint right
48:34
what did he what did he call them not a
48:37
menace to society but uh gosh but for
48:41
for those who don't know buck was used as a racial
48:43
slur oh for sure to describe black men yes
48:46
back in the day so buck breaking yeah but yeah buck breaking
48:49
so that's one of the reasons that's one
48:52
of the things that it's a deer everybody calls
48:55
a deer oh yeah it's a buck but in this sense
48:58
it's referring to him like man i hate this dude
49:01
yeah we should just kill him get rid of him or all of them
49:04
yeah need to be eradicated destroying the
49:06
ecosystem yeah i hate them they're destroying
49:09
the ecosystem they they take all the resources yeah so
49:14
there was another one
49:17
have you ever heard the that
49:21
the movie could be like an extension of being john malkovich
49:24
no so neither had i so i hadn't done a lot of research on it but i guess somebody
49:30
asked jordan peele about it in an interview and he laughed it off but at the
49:35
same time was like yeah i can kind of see that like being john malkovich how
49:39
using somebody else's body.
49:41
Yeah, yeah. I mean, like, the majority of the movie takes place inside of his mind. Yeah.
49:45
So, somebody asked him in an interview, could it be an extension?
49:50
Because somebody asked John Malkovich the same thing, and he kind of shrugged
49:52
his shoulders. I was like, what? That's interesting. Yeah.
49:57
That's interesting. They flat out asked him. They was like, is that a sequel?
50:00
And he started laughing.
50:02
And John Malkovich, like I said, kind of shrugged his shoulders. Interesting.
50:07
Was going to ask a different question in regards to Get Out,
50:10
and not just it out but in general for black writers creators,
50:18
genre is kind of untapped why
50:21
is that i mean coogler coogler just
50:24
took a shot at it with sinners and you got jordan peele
50:28
i mean who who else is really
50:30
trying to do horror what other.
50:33
Like black creatives are trying to do horror i.
50:37
Think well my whole thing we've had this conversation before with
50:40
the horror genre everything's demonic
50:44
there's nothing else there's no
50:47
character there's no you know
50:50
like jason freddy michael myers there's no
50:53
pinhead we've talked about this in the past episode there's no
50:56
one you can just say oh yeah this franchise will
50:59
be around a while most of these movies one
51:02
and done except you know the conjuring and things like that
51:05
but it's just one and done like the
51:08
ring great movie but what
51:10
you gonna do to add to that well they did make like two sequels
51:14
though didn't they but i mean yeah they were terrible yeah
51:16
but the ring you were like oh that's interesting i watched that
51:19
but after that it was just gone like there's
51:22
no one main character that you can point to and
51:25
go i would watch that character in action again there's
51:29
it's just all demons in possession i
51:33
think the creativity is just gone interesting because
51:37
i i i feel like i say it's just it's kind
51:40
of untapped for black creatives to try and
51:44
get into this horror genre and i that kind of
51:46
at least in my opinion what's going to theaters now horror or superhero nothing
51:54
else is really making it to theaters unless it's a remake of some sort like
51:59
they're about to re-release endgame so yeah so it's just like Hopefully they
52:04
had some scenes that they deleted Yeah.
52:07
Yeah, yeah, yeah But it's like.
52:11
Opportunity there i guess is what i'm trying to say oh hell yeah there's opportunity for,
52:16
us to get into this if you're a young creator you're a young writer you're a
52:22
young director you know and i i mean i i get it it it touches on some stuff
52:27
that we i mean let's just be real black folks scary.
52:36
You know it's it's it's it's a lot of subject matter that we ain't trying to
52:40
deal with so i i get it from that standpoint but at the same time you're going
52:45
to see that oh yeah potential there right oh so i say the best for last easter
52:50
egg all right at the airport when uh what character,
52:56
who was at the airport Lil Rel yeah Lil Rel was at the airport sorry he worked
53:02
there yeah you can hear over the PA,
53:06
flight 237.
53:09
Talking to him on the phone. Yeah, you can hear the PA talking about Flight 237.
53:15
That's a nod to Room 237 and The Shiny.
53:20
Oh, really? Because it's one of Jordan Peele's favorite movies. Oh, wow.
53:23
So the Overlook Hotel, Room 237 with Jack Nicholson with the bodies. Yeah.
53:28
Oh, okay. Didn't even know that. Then I saw it, I was like, oh,
53:33
that's a lot of little Easter eggs in this movie that we didn't catch.
53:35
Okay. All right. All right. Cool.
53:38
Cool. Yeah. yeah yeah yeah i like it but uh to
53:41
go back to what you were saying about the liberal
53:45
racism you are dead on the
53:47
whole party oh yeah was just
53:50
filled with the lady asking him or is it is it true you know she want to know
53:57
about his manhood is it true i forgot yeah i forgot about that the the whole
54:02
guy with the you know the pendulum is swinging you know black is in black is vogue now,
54:09
all of it was just the whole party was just full of racist people even like
54:15
the Lakeith Stanfield who clearly was the old white guy you know he's doing
54:22
his little spin and showing off his new body and all of that kind of stuff and it's just like,
54:29
all of it was just like oh okay so this what y'all always say I want your eyes
54:34
I want those things that you see through you know it's.
54:39
Saying that sentence was about cultural
54:41
appropriation. This is cultural appropriation, but on another level.
54:46
They ain't just trying to act black.
54:50
They trying to be black. Yeah, yeah, yeah.
54:54
So I know I said last one, but I forgot another Easter egg. So the mimicking,
55:01
remember the teacup? Yeah.
55:02
With that, that tapping was meant to mimic the sound of the bell that they used
55:07
to use on plantations to call slaves to dinner.
55:10
Oh, wow. Oh, wow.
55:13
Now you're making me not like this movie, bro.
55:17
Yeah, man. When I saw, like, because it's funny because I was like,
55:21
you know, I rewatched it and then I was looking up Easter eggs.
55:25
I was like, damn, I didn't realize that. And then when I saw that,
55:29
when I go, I mean, obviously, I don't know what the bell sounded like personally. Sure.
55:34
But yeah, they say that that's what it the bells the
55:37
the rhythm that she used banging on like the tick
55:40
tick that's how the bell was hit to summon slaves
55:43
out of the field to eat dinner jeez oh
55:46
p oh man i
55:49
yeah that still a good movie it is it is it is and he's been kind of struggling
55:55
ever since but but no you're right it is it is it is a good movie um so two
56:02
high fives on the black hand side absolutely all right two high fives on the
56:06
black hand side. Forget our witch.
56:08
There was no mystery. Y'all knew we were going to rate this thing high.
56:11
There was no mystery there.
56:13
All right. I guess now it's time for our closing monologue. My brother, take it away.
56:18
Appreciate it. So I wanted to circle back to the 401k conversation.
56:23
We all know what's going on.
56:25
Retirement ages are continuously growing, going up, might not be by the government.
56:29
You know, they want to raise the retirement age. But in reality, a,
56:34
going to be working until we're 75, 80 years old. So it's not the same as it
56:38
was with our parents 20, 30 years ago.
56:41
We can't just sit around and hope for the best. So as my brother mentioned earlier,
56:45
we need to start investing in 401k.
56:50
Call your HR department, figure out what they match, what's the most you can put in.
56:55
And my grandfather told me when I was 18 that I should start investing as soon as I'm able to.
57:00
So don't lollygag. We need to get you guys in a mindset of, and I'm talking
57:06
to the young people, not just the young people, actually, older folks,
57:09
because there's some older folks that's working that are not invested. You need to invest.
57:15
Nobody is coming to save you. You cannot depend on whether or not your children
57:19
are going to hit the lottery, whether or not you're going to come up with that million dollar idea.
57:24
Because even when you come up with the million dollar idea, you don't have a
57:26
million dollars to start that.
57:28
So for those who have not invested or thinking about investing,
57:32
make sure you invest so when you retire, you're not working until you're 80
57:38
and 85 years old and you can actually enjoy the life that you've lived.
57:44
All right. We're going to leave it there for now, y'all.
57:48
Thanks for tuning in to another episode of For The Fam Podcast.
57:53
Look, we're going to keep saying it, y'all.
57:57
Drop us a like. Get at us in the comments.
58:01
Subscribe, share all the things y'all already know how to do.
58:06
Why not? You got nothing to lose.
58:10
Absolutely. You do it for other podcasts. Do it for this one. Do it for this one.
58:13
We are everywhere where you get your usual podcast.
58:18
We're on every major podcasting platform that includes YouTube audio only.
58:26
All right. So you have no excuse.
58:28
We there. Wherever you look and we there. All right.
58:33
And if you like a post on YouTube, it's not then going to tell you to sign in
58:37
so you can do this and do that. You can like, subscribe, rate, review it if you like.
58:42
We would appreciate it. It helps get the podcast out to more people on the algorithm.
58:48
Yes, that's it right there. Help us manipulate the algorithm.
58:52
All right. We're going to leave it there, y'all. Thanks for tuning in.
58:56
Six mil, keeping it true. It's your boy, KG. And we'll holler at y'all next time. Peace.