Latest / WCHS Network Podcasts / 10/07/2024 Retire Right Radio with John Burdette

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10/07/2024 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
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Speaker 1: the realtor makes real estate dreams a reality, whether it's
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Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
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Speaker 1: Contact us at Meeks dot us.
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Speaker 2: Opinions expressed on this program do not necessarily reflect the
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Speaker 2: views and opinions of five ADWCHS, its employees, or WVRC Media.
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Speaker 2: This is retire Right Radio, a weekly show from John
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Speaker 2: Verdett at Fourth Avenue Financial that aims to answer your
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Speaker 2: questions about financial planning, investing, and how to retire right.
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Speaker 2: Fourth Avenue Financial is located in downtown Charleston at one
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Speaker 2: seventy Court Street. More information online at Fourth Avenue Financial
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Speaker 2: dot com. Join the conversation by calling three oh four
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Speaker 2: three four five fifty eight fifty eight or text three
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Speaker 2: oh four nine three five fifty oh eight. On retire
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Speaker 2: Right Radio, let's go live to the studio with host
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Speaker 2: Dale Cooper and John Burdett from Fourth Avenue Financial, feature.
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Speaker 3: And for plays. Good morning to you. You're listening to
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Speaker 3: retire Right Radio. It's Monday morning. It's twenty minutes past
1:07
Speaker 3: eight o'clock, well twenty two minutes past eight o'clock, and
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Speaker 3: that means it's time for retire Right Radio. John Bredad
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Speaker 3: is in studio with us this morning. We're going to
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Speaker 3: talk about how you can retire right with whatever stage
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Speaker 3: that you're at in the process. You're just starting out,
1:18
Speaker 3: you've been into retirement planning for a little while. Maybe
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Speaker 3: you're like, you know what, it's about, time to pull
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Speaker 3: the pin and see what we can do as far
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Speaker 3: as getting retired. Looking at my retirement goes, John can
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Speaker 3: help you answer those questions this morning. If you have
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Speaker 3: any questions along those lines, no matter where you are
1:32
Speaker 3: in the journey, or if you're asking for a loved one,
1:35
Speaker 3: you're welcome to give us a call this morning to
1:37
Speaker 3: ask John how to figure out a situation or the
1:39
Speaker 3: best strategy, or just to get some preliminary information where
1:41
Speaker 3: John can help you out down the line a little bit.
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Speaker 3: Give us a call this morning. Three zero four three
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Speaker 3: four five fifty eight fifty eight three four five fifty
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Speaker 3: eight fifty eight. You can find out more information online.
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Speaker 3: It's worth Avenue Financial dot com. John. How you doing
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Speaker 3: this morning?
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Speaker 4: I'm doing wonderful.
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Speaker 3: Shall have a good weekend.
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Speaker 4: I did. Uh Yeah, I went with my son. We
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Speaker 4: rolled up to Ohio and did a little picking.
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Speaker 3: Sorry.
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Speaker 4: We bought some record collection and just some couple pieces
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Speaker 4: of furniture, just some fun stuff.
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Speaker 3: Nice. Nice, the what part of a how did you
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Speaker 3: go to? Say, Central Ohio?
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Speaker 4: Yes, central Ohio, I mean with Columbus, a little bit
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Speaker 4: north of Columbus. There's a lot of beautiful farmland up there.
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Speaker 3: There really is there.
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Speaker 4: I like the north of Columbus better because it it
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Speaker 4: just seems to roll and it's just just beautiful.
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Speaker 3: No, I agree with with that completely. When I used
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Speaker 3: to live in Michigan and I would come back home
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Speaker 3: every once in a while, I would drive through that
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Speaker 3: area quite a bit. Sometimes I would I would stay
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Speaker 3: off the main roads because you do it so often
2:34
Speaker 3: for a while. When you live away for so long,
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Speaker 3: you find different ways to go, and I would just
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Speaker 3: take like the Sceni crowds and troll through Ohio coming
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Speaker 3: back down. I love doing that. I thought it was
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Speaker 3: pretty good and I still love that. That a flea market.
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Speaker 3: It's in Washington Courthouse. I used to go there all
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Speaker 3: the time. It used to be huge. In my memory.
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Speaker 3: It's a Gargange one. I don't know if it's as
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Speaker 3: big as it really was as my memory from like
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Speaker 3: the nineties remember it, but it was huge back in
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Speaker 3: the day. You can give us call this morning three
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Speaker 3: zero four, three four five fifty eight fifty eight three
2:59
Speaker 3: four fifty eight fifty eight. It was a great weather weekend.
3:02
Speaker 3: It looks like we're finally coming through. Summer is finally
3:05
Speaker 3: starting to loosen its hold just a little bit, kind
3:07
Speaker 3: of chilly this morning. We're going to have some nice days.
3:09
Speaker 3: This week feels great, man, it does. This is right
3:12
Speaker 3: in that sweet spot and a lot of people talk
3:14
Speaker 3: about the perfect weather, but I like it, you know,
3:17
Speaker 3: I don't like it sixty sixties or seventy I like
3:19
Speaker 3: seventy five's, you know, pretty good. And that's where we
3:21
Speaker 3: are right now. Cooler mornings. I'm kind of I'm kind
3:24
Speaker 3: of digging that. As far as the economy goes, there's
3:28
Speaker 3: a nice turn cooling down or heating up. Here. We
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Speaker 3: are in a situation again where last week we had
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Speaker 3: we had the employment employment numbers came out. They were
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Speaker 3: pretty high, higher than what was expected. As far as
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Speaker 3: that goes, unemployment, I guess went down just a little
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Speaker 3: bit again. Are we are? Are we in the area
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Speaker 3: where good news is good news? Is that all good news? Well?
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Speaker 4: Yeah, the market as far as this, you know, stock
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Speaker 4: market goes kind of meddled through last week, not much
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Speaker 4: movement up or down. The jobs market or the jobs
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Speaker 4: report came in more than expected by by quite a
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Speaker 4: long shot of about one hundred thousand over the expectation.
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Speaker 4: And so now you're starting to see articles that you know,
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Speaker 4: well will you know it was will there be a
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Speaker 4: soft landing for the economy. Now it's like, will there
4:14
Speaker 4: be a landing?
4:15
Speaker 3: You know? That's right?
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Speaker 4: Just from one report, you know, everything changes. You know
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Speaker 4: what that did The market was price again about a
4:26
Speaker 4: fifty percent chance of a fifty basis point or a
4:31
Speaker 4: half point cut on interest rates when the Fed meets
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Speaker 4: and again, and now that backed off to a quarter percent.
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Speaker 4: So it's not that the market is pricing in rate
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Speaker 4: hikes again. It's just that maybe maybe things won't get
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Speaker 4: cut as fast as long as the economy stays humming
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Speaker 4: like it is.
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Speaker 3: It's it's just so crazy to talk about all these
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Speaker 3: different indicators in the backdrop of the of the election,
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Speaker 3: because if you have I have a hard time finding
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Speaker 3: honest evaluation on like off cycles, you know, like just
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Speaker 3: at any given time, it's impossible to find anybody who's
5:08
Speaker 3: well except for here. Of course, you can tune in
5:10
Speaker 3: here to get the honest evaluation. But it's impossible to
5:12
Speaker 3: find an honest evaluation because everybody wants to spend numbers
5:15
Speaker 3: in one direction or another, Like they don't want to
5:17
Speaker 3: admit their goodnumbers, they don't want tomit their bad numbers,
5:20
Speaker 3: whatever it might be. It's a little frustrating for the
5:22
Speaker 3: for the individual normy, I guess out there, which is
5:26
Speaker 3: yet another reason that I talk about these things. If
5:28
Speaker 3: you think about these things too much, job numbers interest
5:31
Speaker 3: rates what it means for the It's not that you
5:33
Speaker 3: should be unconcerned about those, but when it comes to
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Speaker 3: retiring and planning for your retirement, you really should have
5:39
Speaker 3: somebody taking care of that stuff for you so you're
5:40
Speaker 3: not worried about the headlines.
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Speaker 4: So, yeah, you can't focus too much on the week
5:44
Speaker 4: after week by week, you know, just like last week.
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Speaker 4: I mean there were people that said, hey, this is
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Speaker 4: going to be in the job's number, this is what
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Speaker 4: we predict. Obviously they were wrong, right, So that's the
5:57
Speaker 4: experts for you, they're wrong a lot of a lot
5:59
Speaker 4: of the times, a lot of things you read are
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Speaker 4: going to turn out wrong. There are so many moving
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Speaker 4: pieces in an economy it's impossible to predict the actual
6:08
Speaker 4: outcome because so many dominoes fall to affect other things.
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Speaker 4: You know, right now, the economy is doing seems to
6:17
Speaker 4: be doing okay. You know, that's about as far as
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Speaker 4: I'm gonna go with it. You know, most people that
6:25
Speaker 4: that not all, but most people that want to be
6:28
Speaker 4: employed are able to be gainfully employed right now. That's
6:31
Speaker 4: a good thing. You know, Inflation is lower than than
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Speaker 4: it was. That doesn't mean prices fell, not at all,
6:40
Speaker 4: but it means that they're not rising like they were
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Speaker 4: and continuing to escalate. You know, that's a good thing.
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Speaker 4: Interest rates have have kind of found a good pocket
6:53
Speaker 4: here where you know, they're not zero, but also they're
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Speaker 4: they're not you know, double digits like we've had before.
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Speaker 4: We're really historically in not a bad place. In last
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Speaker 4: week with the jobs market, what we saw actually the
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Speaker 4: ten year yield is back up to over four percent,
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Speaker 4: and the Fed when they cut they're cutting the low rates.
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Speaker 4: So what we're getting is if we had that inverted
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Speaker 4: yield curve we talked about where where the short term
7:26
Speaker 4: rates we're paying more than the long term rates. Now
7:29
Speaker 4: that's starting to level out a little bit, okay, And
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Speaker 4: historically it's a good sign to have a sloping yield
7:36
Speaker 4: curve rather than inverted yield curve because that's more of
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Speaker 4: a traditional relationship, you know, with your capital and your
7:44
Speaker 4: time horizon. So you know, if you're going to put
7:48
Speaker 4: money somewhere, you expect to earn a little bit more
7:51
Speaker 4: if you tied up longer.
7:52
Speaker 3: So we're talking about the toolbox here again. And so
7:54
Speaker 3: this is starting to make some of these tools the week.
7:56
Speaker 4: But those are things that if you look back over
7:59
Speaker 4: a little bit of time here, you're starting to see
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Speaker 4: that some of those things take place, which which is
8:04
Speaker 4: a decent sign that, you know, the market is starting
8:07
Speaker 4: to think, well, maybe, you know, maybe this economy will
8:12
Speaker 4: kind of power through and not take much of a
8:15
Speaker 4: slow down.
8:16
Speaker 3: And if you don't follow these things, that's a great
8:18
Speaker 3: reason why you have John for debt and help you
8:21
Speaker 3: plan for your financial future and for retirement. I was
8:24
Speaker 3: thinking on the way in here this morning that we
8:25
Speaker 3: always kind of caution about, you know, reactive to headlines
8:28
Speaker 3: and different things like that. One of the great benefits
8:30
Speaker 3: with with being your client is if you really wanted to,
8:34
Speaker 3: you could react to the headline as long as it
8:35
Speaker 3: was with Internally. You can react to headlines however you
8:38
Speaker 3: want to. You could say whatever you want to. You
8:40
Speaker 3: could be as mad as you want. You can have
8:41
Speaker 3: John handle your finances and you don't have to worry
8:43
Speaker 3: about emotional decisions and things like that, so you can
8:46
Speaker 3: consume all that you want to consume, get as mad
8:48
Speaker 3: as you want to get mad, just like John do
8:50
Speaker 3: his job. Things will be just fine. That way. You
8:52
Speaker 3: can have kind of your cake and eat it too.
8:54
Speaker 3: You can you can have like the the dopamine rush
8:57
Speaker 3: that we get for getting angry at politics and stuff
8:59
Speaker 3: like that, but we can have somebody stewarding our financial
9:02
Speaker 3: future responsibly. And that's not a bad thing either. I mean,
9:06
Speaker 3: there's a mixture that you can have work.
9:07
Speaker 4: You see things that you're concerned about, or you have
9:10
Speaker 4: questions about, you know, you have somebody to go to
9:13
Speaker 4: to talk that through and hopefully offer some perspective that's
9:17
Speaker 4: valuable to you. You know, right now, what I've just
9:22
Speaker 4: described happening is the opposite of all the political news
9:26
Speaker 4: that you see, no matter what side you're on, and
9:28
Speaker 4: the spin that's coming out about the economy, this, that,
9:31
Speaker 4: or the other. I mean, that is what the market
9:34
Speaker 4: is saying, and that's different than what the news media
9:38
Speaker 4: says in relationship to all the other things are going
9:42
Speaker 4: in the world. I mean, you know, we've got wars
9:45
Speaker 4: and everything going on around the world. You've got all
9:47
Speaker 4: these headlines, and yet things are kind of chugging.
9:51
Speaker 3: Along amazingly so, right. I mean, as much as people
9:53
Speaker 3: talk about this, and man, I don't know how many
9:56
Speaker 3: quote unquote deep dives that you see on social media
9:59
Speaker 3: somewhere where somebody is like, this one news item is
10:00
Speaker 3: going to mean this, and then they do this this
10:03
Speaker 3: whole if then that thing that they're just it's like
10:06
Speaker 3: people just I'm not saying that they make it up.
10:08
Speaker 3: They're just they just think that because they can make
10:11
Speaker 3: connections in their head, that means the connections can happen
10:13
Speaker 3: or something. I don't know exactly how it comes up.
10:15
Speaker 3: So you get this like huge threat about how this
10:17
Speaker 3: one thing is going to happen is going to cause
10:19
Speaker 3: this whole thing, and then the thing comes and goes
10:21
Speaker 3: and it never anything. Those people need to be held
10:24
Speaker 3: accountable sometimes.
10:26
Speaker 4: You know, right now, last week, for instance, oil prices
10:29
Speaker 4: we're up nine percent. I mean that's a lot of
10:31
Speaker 4: a lot right right because of what's going on out there.
10:34
Speaker 4: But you know that doesn't mean the worst case scenario
10:38
Speaker 4: happens and the golf shuts down and all these things happen.
10:40
Speaker 4: But you know, you could let your mind run there,
10:44
Speaker 4: but most likely that won't happen. You know, do you
10:49
Speaker 4: do you make your investment decisions based on the fear
10:52
Speaker 4: of what could happen. I mean, you know you could
10:55
Speaker 4: extrapolay that to a lot of things. You know, there
10:58
Speaker 4: are space rocks out there flying around there, that's true,
11:01
Speaker 4: that could happen, you know, and you know make your
11:03
Speaker 4: investment decisions around that.
11:05
Speaker 3: I know that sometimes, especially the coverage of the economy
11:08
Speaker 3: can change overnight, but the economy itself doesn't. And that's
11:11
Speaker 3: something that I thought about, I think was after our
11:13
Speaker 3: last conversation that we had. I know, people, for example,
11:16
Speaker 3: they can go to the grocery store or go somewhere
11:19
Speaker 3: and then they saw somebody coughing or sneezing or whatever.
11:21
Speaker 3: They come home, they're like and suddenly they're feeling bad.
11:24
Speaker 3: It like, Man, I just got the flu or covid
11:25
Speaker 3: or whatever it might be when I was at the
11:27
Speaker 3: grocery store. Now, logically, that doesn't make any sense. Every
11:30
Speaker 3: sickness that we know from a virus had point has
11:32
Speaker 3: like an incubation period. You didn't see somebody sneeze two
11:34
Speaker 3: hours ago, and suddenly you're already sick. I mean, if
11:37
Speaker 3: we get into a disease like that, we're in trouble, right,
11:39
Speaker 3: you know. But there are no people that think that way.
11:43
Speaker 3: And I think there's people that think that way about
11:44
Speaker 3: the economy as well. I mean, I know I certainly
11:46
Speaker 3: used to, like something happens North Carolina, thing happens with
11:49
Speaker 3: the huge Travis is down there, and suddenly we're correlating
11:52
Speaker 3: everything that happens in the economy with what's happening down there. Now,
11:56
Speaker 3: there might be coverage changes and stuff like that, but
11:59
Speaker 3: even something is packful is that although there's things that
12:01
Speaker 3: are moving with companies and things behind the scenes, people
12:04
Speaker 3: that are struggling in the in the moment, but as
12:06
Speaker 3: far as the US economy goes, it's not really a thing,
12:09
Speaker 3: you know, I mean, it just continues on.
12:12
Speaker 4: Yeah, yeah, and there will be I mean, certainly, anytime
12:16
Speaker 4: you have a destruction of capital things like that. I mean,
12:19
Speaker 4: that's that's not good outside of the human aspect of it.
12:23
Speaker 4: But there's also the recovery in the build and all
12:26
Speaker 4: the things that come on the backside.
12:28
Speaker 3: Of that, and most of that's downstream somewhat. It's not
12:30
Speaker 3: like an immediate type thing, right right.
12:32
Speaker 4: And so we'll see. And you know, of course I've
12:34
Speaker 4: got my eyes on the new storm that's out there.
12:37
Speaker 3: I know, man, you and Dave both, I know that's
12:39
Speaker 3: right in your area again, right.
12:41
Speaker 4: Yeah, And you know, we escape the last one. As
12:44
Speaker 4: far as our property, we have a garage below us,
12:50
Speaker 4: so our living space is elevated. And the whole island flooded.
12:54
Speaker 4: I mean, so so the whole island just took if
12:56
Speaker 4: it was on the ground floor, it took water. So
12:59
Speaker 4: the Eye Island is a mess. But we came out
13:04
Speaker 4: okay as far as our property, and and this one,
13:06
Speaker 4: it looks like the bull's eye is right on the
13:08
Speaker 4: island again, so we'll see what happens.
13:10
Speaker 3: That's insane that two storms can come through. It does
13:15
Speaker 3: remind me I've talked about this a lot recently on air.
13:17
Speaker 3: But it does remind me of the duo of Ivan
13:19
Speaker 3: and Katrina when they came through. They didn't hit quite
13:22
Speaker 3: at the exact same places, but I mean it was
13:24
Speaker 3: enough for there to be impacts still from even when
13:27
Speaker 3: Katrina came through, which led to other complications in other
13:30
Speaker 3: places other than just New Orleans. I mean, I don't
13:32
Speaker 3: want that to happen again, that's for sure.
13:33
Speaker 4: So we'll see what happens, but you know, definitely this
13:36
Speaker 4: week I've got an eye on that.
13:38
Speaker 3: So not a good investment. I saw up in the
13:41
Speaker 3: I think it was somewhere in the northeast, there was
13:43
Speaker 3: a it was like a it's like an eighty million
13:46
Speaker 3: dollar home that was on the coast that was on
13:48
Speaker 3: sale for like eighteen million dollars because erosion of the
13:53
Speaker 3: coastline had brought it up so far that it was
13:55
Speaker 3: basically falling into the into the ocean. But somebody still
13:58
Speaker 3: bought it for eighteen Right, Probably not a great investment
14:01
Speaker 3: if you're actually that's not probably the right way to go.
14:04
Speaker 4: Well, hopefully the property line goes back back far enough
14:08
Speaker 4: from the coast they could you know, build back and
14:11
Speaker 4: enjoy the view for a while.
14:12
Speaker 3: Tis Latilla's on it. Maybe just turn it into a
14:14
Speaker 3: houseboat down the road somewhere.
14:15
Speaker 4: I did see that. In North Carolina they had some
14:19
Speaker 4: of those houses that I think it's corolla your nag's head.
14:24
Speaker 4: They were out on stilts, yeah, out on the water,
14:26
Speaker 4: and they collapsed. And I read something that the people
14:29
Speaker 4: were hoping it was scheduled to be moved the house,
14:33
Speaker 4: but they they wanted to get one more season.
14:35
Speaker 3: Out of it.
14:36
Speaker 4: Oh man, And you know, they waited one season too long.
14:39
Speaker 3: There's a lot of things like that. I talked about
14:41
Speaker 3: this with Harvey Payton last week. Just the amount of
14:43
Speaker 3: folks that that that went to bed one night, got
14:48
Speaker 3: up the next morning, everything was normal. They had their
14:49
Speaker 3: cup of coffee, they had their banana and cereal whatever
14:53
Speaker 3: it is. Drove to work. Hey, there might be some
14:56
Speaker 3: rain coming. We want to be aware of this. And
14:58
Speaker 3: then you know, just within hours, not only their life
15:00
Speaker 3: for that week or that hour has changed, but for
15:03
Speaker 3: the foreseeable future, their life is completely changed. And that's
15:06
Speaker 3: a that's a rough place to be. And we we've
15:07
Speaker 3: experienced around here, of course many times with the flooding
15:10
Speaker 3: and stuff too, but this level is it's pretty catastrophe.
15:13
Speaker 4: Yeah, and the mountains. You feel safe in the mountains
15:16
Speaker 4: from a lot of things until you don't know, but
15:18
Speaker 4: that is certainly one of the risks of being in
15:22
Speaker 4: the mountains. When the water falls, it has to go somewhere.
15:26
Speaker 3: Jama Dad, it's here from fourth Avenue. Financially, you can
15:28
Speaker 3: help control the conversation some this morning. If you want
15:30
Speaker 3: to tell us about what you want to talk about about,
15:32
Speaker 3: how to control your financial future, some help that you
15:34
Speaker 3: need going into retirement, or maybe a loved one you
15:37
Speaker 3: had a life changing event, something along those lines, you
15:39
Speaker 3: can give us a call this morning. Three zero four,
15:40
Speaker 3: three four five fifty eight fifty eight. You can text
15:42
Speaker 3: over any questions you have. The three zero four non
15:44
Speaker 3: three five five zero zero eight. Three zero four non
15:46
Speaker 3: three five five zero zero eight is a great number
15:49
Speaker 3: to call in on. We've talked before about you know,
15:52
Speaker 3: we're in See the third quarter just ended, at least
15:56
Speaker 3: for the stuff that I do here at the station,
15:59
Speaker 3: the third order just ended. We're getting ready to get
16:01
Speaker 3: into sort of ramping up to the end of the year.
16:04
Speaker 3: Things stuff along those lines. Is there anything coming down
16:06
Speaker 3: this year? I remember last year there was quite a
16:08
Speaker 3: few changes with how deductions and things like that might
16:12
Speaker 3: work with disbursements in four one K, how much you
16:16
Speaker 3: could contribute, different things like that. We had some changes
16:18
Speaker 3: over the last couple of years. Anything like that's coming
16:20
Speaker 3: down the pike for this year that's been announced.
16:22
Speaker 4: Yet there's not a lot of big, big changes for
16:24
Speaker 4: as ages, things like that, not that I'm aware of
16:29
Speaker 4: at this point. Of course, you know a lot of
16:31
Speaker 4: your limits, you know your contributional limits, things like that
16:36
Speaker 4: tend to be indexed for inflation. So we will see
16:38
Speaker 4: some of these changes as we get into the next year,
16:42
Speaker 4: but there are any major changes. You know. One of
16:45
Speaker 4: the big changes that happened in the last couple of years,
16:47
Speaker 4: and it actually changed twice, is the required minimum distribution
16:52
Speaker 4: from your tax deferred accounts. For years that was age
16:55
Speaker 4: seventy and a half. The government would force you to
16:57
Speaker 4: start taking money out of your tax deferred money so
17:00
Speaker 4: they can tax it. And they moved that to age
17:03
Speaker 4: seventy two, and then more recently they bump that up
17:07
Speaker 4: again to age seventy three, so that extends the period
17:12
Speaker 4: and a lot of folks still think it's seventy or
17:15
Speaker 4: seventy and a half. I get people, you know, calling,
17:18
Speaker 4: shouldn't I be taking the money out of this account yet?
17:20
Speaker 4: And know they've moved that up to seventy three. So
17:24
Speaker 4: you know, changes like that do happen from time to time,
17:27
Speaker 4: and you know, and oftentimes when things have been a
17:31
Speaker 4: certain way for years, it takes several years before people
17:36
Speaker 4: kind of get the notice that it has changed. And
17:40
Speaker 4: that's one of the things working with an advisor, you know,
17:44
Speaker 4: make sure that you know take those distributions or have
17:48
Speaker 4: take advantage of that. You know, if you don't need
17:50
Speaker 4: the money and you're not seventy three, you may have
17:54
Speaker 4: on your own started taking distributions just because you thought
17:58
Speaker 4: you had to, when in fact, you could have deferred
18:00
Speaker 4: it longer. So just little things like that, working with
18:04
Speaker 4: an advisor, you can make sure that you're getting the
18:07
Speaker 4: most out of your money and taking advantage of whatever
18:09
Speaker 4: the opportunities exist in the portfolio.
18:12
Speaker 3: I know, with a lot of these things, you get
18:14
Speaker 3: notifications from, like I'll get notifications every once in a
18:16
Speaker 3: while from you know, like the service or of my
18:19
Speaker 3: four one K, different things along those lines about changes.
18:21
Speaker 3: But honestly, sometimes I'll read those and I don't understand
18:25
Speaker 3: exactly where it's a tablet. When you explain things, I'm like, oh, okay,
18:28
Speaker 3: well that's exactly what it means. But when you're reading
18:30
Speaker 3: it sort of in the abstract, you're pulling it out
18:32
Speaker 3: of an envelope or get an email on it, you're
18:34
Speaker 3: trying to figure out what it means. Sometimes it's hard
18:36
Speaker 3: to connect exactly what it means. There's a terminology issue
18:39
Speaker 3: or something along those lines. You're not at one hundred
18:41
Speaker 3: percent sure of what is talking about.
18:42
Speaker 4: Oh yes, And in the wisdom of the regulatory scheme,
18:48
Speaker 4: things have to be said a certain way, and disclosures
18:52
Speaker 4: have to be made. So even like a four oh
18:54
Speaker 4: one K for instance, you have to notify everyone whether
18:58
Speaker 4: they're actually in those funds that might be affected or not,
19:01
Speaker 4: because they're part of the plan. So a lot of
19:04
Speaker 4: these disclosures you get, you look at it and it's like, ah,
19:06
Speaker 4: I don't even know what that means. Well, it might
19:08
Speaker 4: not even apply to what you own. That makes it,
19:10
Speaker 4: but the disclosure has to go out because you're part
19:14
Speaker 4: of the plan, and so you know, does that you
19:20
Speaker 4: know when they design that regulation, maybe they didn't think
19:25
Speaker 4: that through a regulator, So I don't know.
19:27
Speaker 3: Go imagine that that is that actually ends up, it
19:30
Speaker 3: ends up not servicing the end client as well as
19:32
Speaker 3: it probably should. Imagine that let's do this. Let's go ahead
19:36
Speaker 3: and take a break. I still have some questions. I
19:37
Speaker 3: want to get to John when we come back. You
19:38
Speaker 3: can help control the conversation as well, if you have
19:40
Speaker 3: any questions at all about how you can help with
19:42
Speaker 3: your retirement, or maybe that I a loved one. At
19:43
Speaker 3: any stage of the game, you might be just starting out,
19:45
Speaker 3: you might be mature in the process, or looking at
19:48
Speaker 3: your own soft landing into retirement. If it's called this
19:50
Speaker 3: warning at three zero four three four five fifty eight
19:52
Speaker 3: fifty eight. Three zero four, three four five fifty eight
19:54
Speaker 3: fifty eight is our number, you can text three zero
19:55
Speaker 3: four nine three five five zero zero eight. I want
19:58
Speaker 3: to talk to John a little bit when we come back.
19:59
Speaker 3: I thought about I thought maybe we could talk about
20:01
Speaker 3: what happens when you push out your retirement age, like
20:03
Speaker 3: if you decide to retire a little earlier or a
20:05
Speaker 3: little later, or if the government decides that the retirement
20:09
Speaker 3: dates a little bit later. We hear about that every
20:11
Speaker 3: election cycle, so I wonder what that means exactly. I'm
20:14
Speaker 3: gonna ask John a little bit about that and whatever
20:15
Speaker 3: else he wants to talk about, and you when we
20:17
Speaker 3: come back three zero four, three four five fifty eight
20:19
Speaker 3: fifty eight Online it's Fourth Avenue Financial dot Com. Fourth
20:22
Speaker 3: Avenue Financial dot Com. We'll take a break and be
20:23
Speaker 3: a back right after this. You're listening to retire Right
20:25
Speaker 3: Radio on five EDWCCHS the voice of Jarlston with John Bredett.
20:29
Speaker 3: I'm del Cooper will be back right after this.
20:31
Speaker 5: Retire Right Radio was sponsored by Fourth Avenue Financial, which
20:33
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20:46
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20:49
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20:53
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20:56
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20:59
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21:00
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21:04
Speaker 5: may be imposed on such a person. And each listener
21:06
Speaker 5: should seek advice from their tax advisor or legal console
21:09
Speaker 5: on topics that arise from the show. John Burdett is
21:12
Speaker 5: not providing legal or tax advice. Nothing should be construed
21:15
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21:18
Speaker 5: is sponsored by Fourth Avenue Financial, which is solely responsible
21:20
Speaker 5: for its content.
21:21
Speaker 6: As retirement approaches, Are you confident in your financial plan?
21:25
Speaker 6: At Fourth Avenue Financial, they specialize in helping you to
21:27
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21:30
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21:40
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22:33
Speaker 8: Good morning, here's your traffic update. A crash is causing
22:36
Speaker 8: traffic delays in Charleston this Monday morning on Interstate sixty
22:40
Speaker 8: four West right near the Interstate seventy seven split on
22:43
Speaker 8: exit one oh one. Congestion and delays on I seventy
22:48
Speaker 8: seven North at mile marker one oh one. A vehicle
22:51
Speaker 8: crash on US sixty West at tact Creek and congestion
22:55
Speaker 8: and delays on I sixty four.
22:56
Speaker 2: This is Retire Right Radio with John Dad from Fourth
23:00
Speaker 2: Avenue Financial, taking your calls at three four, three four
23:04
Speaker 2: five fifty eight fifty eight or texts on three oh
23:08
Speaker 2: four nine three five fifty eight.
23:16
Speaker 3: That'll wake up a little bit. On a Monday morning.
23:19
Speaker 3: You're listening to retire Right Radio five adw HS the
23:21
Speaker 3: Boys in Charleston. It is Monday morning. It's a pretty
23:24
Speaker 3: Monday morning. This morning. It's not very hot outside, a
23:26
Speaker 3: little cool and sunny. We've gotten through some some of
23:29
Speaker 3: the bad weather, and man, things are just nice and
23:32
Speaker 3: peaceful outside. When I walked out all this weekend, honestly,
23:35
Speaker 3: and this morning as well, it just had that nice,
23:38
Speaker 3: like that easy peaceful feeling, you know, I mean very much,
23:41
Speaker 3: just a nice morning. I kind of like it recently,
23:44
Speaker 3: homeostasis feeling not cold, not hot outside, you just walk
23:47
Speaker 3: outside and you feel normal. I kind of like that feeling.
23:49
Speaker 4: The grass at my house needs cut, and fortunately Wednesday
23:55
Speaker 4: my son comes back from WVU for for fall break,
23:58
Speaker 4: so's it'll be waiting on.
24:00
Speaker 3: I want to say, your lawnmowers returning nice. Nice. If
24:03
Speaker 3: you need some extra work to do, let me know.
24:05
Speaker 3: I have a terrible thing because a patch of my
24:08
Speaker 3: yard hasn't been mowed the last two times. I'm mode
24:10
Speaker 3: now because there's so many things yellow jackets in that
24:12
Speaker 3: area that when I mowed there before, I got stung
24:15
Speaker 3: like three times. I'm not going in that area at all.
24:17
Speaker 3: So there's a little patch just to my door. I'm
24:20
Speaker 3: just not going into it. Man. My mom tells me
24:22
Speaker 3: that if I if I mow it during in the shade,
24:24
Speaker 3: that they won't come after me as much. But I've
24:26
Speaker 3: already been stung enough this year. I'm not going to
24:28
Speaker 3: do it again. I'm going to wait another couple of
24:30
Speaker 3: weeks and the leaves will take it a vision. Seriously,
24:36
Speaker 3: there was a lot. I mean I counted like twelve
24:37
Speaker 3: yellow jackets over there the last time I mode. I
24:39
Speaker 3: was like, I'm just not going over into that mess.
24:41
Speaker 4: I'm like, I just spray it from a distance.
24:43
Speaker 3: Yeah, you're listening to try right radio. We still have
24:46
Speaker 3: fifteen minutes left in the program this morning. You can
24:48
Speaker 3: steer the conversation three zero four three four five fifty
24:51
Speaker 3: eight fifty eight, or you can text three zero four
24:53
Speaker 3: none three five five zeros or eight. That's what the
24:55
Speaker 3: three zero four three eight nine did. He has a
24:57
Speaker 3: question for John here, or she has a question for John.
25:00
Speaker 4: Oh.
25:00
Speaker 3: This is Joe, So it is a thank you Joe
25:01
Speaker 3: for your question. Appreciate that question. For John, if time allows,
25:04
Speaker 3: what is the formula for a mandatory or a withdraw
25:07
Speaker 3: as far as minimum percentage when you are twenty twenty,
25:10
Speaker 3: if you are seventy two or seventy three years.
25:12
Speaker 4: Old, Okay, well, like we said, seventy three is now
25:15
Speaker 4: the age. So the way the distributions work, it's it's
25:19
Speaker 4: on a life expectancy table. So at age seventy three,
25:23
Speaker 4: according to the to the chart that the government uses,
25:27
Speaker 4: it is a factor of twenty six point five year
25:31
Speaker 4: life expectancy. So you basically take your balance at the
25:36
Speaker 4: December thirty first in the divide it by twenty six
25:39
Speaker 4: point five and that will give you your distribution. It comes
25:43
Speaker 4: out to about roughly three point seven seven percent. That's
25:48
Speaker 4: your first year distribution. Now, because it is a life
25:52
Speaker 4: expectancy factor, every year that percentage will change, it will
25:57
Speaker 4: go up.
25:58
Speaker 3: So from twenty seven to twenty six to twenty fo
26:00
Speaker 3: you knocked you year off every year.
26:02
Speaker 4: Yeah, yeah, so the percentages goes up. And the idea
26:07
Speaker 4: is that over your life expectancy, you will have paid your.
26:11
Speaker 3: Taxes, because that's what's important, death and taxes. That's right,
26:20
Speaker 3: as long as Caesar gets here, that's all that really matters. Well,
26:22
Speaker 3: that's good, I mean, but knowing that those things and
26:25
Speaker 3: it just helps you shore up things and make sure
26:27
Speaker 3: that you have it writing, you can find that information.
26:28
Speaker 3: But it does change.
26:29
Speaker 4: Yes, and that is the failure to take your R
26:33
Speaker 4: and D is one of the maybe the highest penalty
26:36
Speaker 4: in the tax code. Oh really, yeah, so if and
26:40
Speaker 4: there again, I'm not a tax advisor, but I believe
26:42
Speaker 4: if let's say you were supposed to take ten thousand
26:45
Speaker 4: out and you don't, the penalty is fifty percent holy
26:51
Speaker 4: of the distribution that was supposed to come out. So
26:54
Speaker 4: it's a very stiff penalty if you fail to take
26:57
Speaker 4: those distributions.
26:58
Speaker 3: Joe, that was a good question. John presented a good answer,
27:01
Speaker 3: and be sure to take out don't suffer those And
27:04
Speaker 3: if you have any questions you can about how to
27:06
Speaker 3: do all that, you can of course call John at
27:08
Speaker 3: Fourth Avenue Financial phone number three zero a four seven
27:10
Speaker 3: four six seven nine seven seven threes zero four seven
27:13
Speaker 3: four six seven nine seven seven four Fourth Avenue Financial.
27:15
Speaker 3: Have any questions about the minutia of this to make
27:17
Speaker 3: sure that you're doing it right. John is the guy
27:19
Speaker 3: that can help you out with that because you don't
27:20
Speaker 3: want to make those mis Six fifty percent is a
27:22
Speaker 3: huge that's a huge penalty to have to pay.
27:24
Speaker 4: Yeah, it's not something that you want to get wrong
27:27
Speaker 4: very often.
27:27
Speaker 3: Right, Yeah, never, Yeah, you don't want to get that
27:29
Speaker 3: one wrong. If you do it once, you're not going
27:31
Speaker 3: to do it again. I guarantee that one of the
27:33
Speaker 3: things I found kind of interesting. And I wondered if
27:36
Speaker 3: there was a much like Joe asked about as far
27:38
Speaker 3: as percentages or any easy formula, what is the multiplier
27:42
Speaker 3: for a And I know that it differs per person,
27:45
Speaker 3: but is there a rough rule for anybody that's looking
27:48
Speaker 3: at like they had a retirement age, Say they had
27:50
Speaker 3: it set at first sixty seven, six whatever it might be,
27:53
Speaker 3: sixty four or six about you, but for whatever reason,
27:55
Speaker 3: they're pushing it off a year, like in set of
27:57
Speaker 3: sixty seven, it's gonna be sixty eight, or instead of
27:59
Speaker 3: sixty five, it's gonna be sixty whatever it might be
28:00
Speaker 3: that makes sense to them. What does it mean if
28:03
Speaker 3: you're extending from when you're going to retire? Does it
28:07
Speaker 3: take a recalibration? Is it What does it mean for
28:09
Speaker 3: the person that you're servicing.
28:12
Speaker 4: Well, let me try to answer that in a way
28:14
Speaker 4: that that is typical in my office. Somebody will come
28:17
Speaker 4: in and say, I'm thinking about retiring soon, and what
28:22
Speaker 4: does that mean? It means this year, next year, year
28:25
Speaker 4: after that. You know, the earlier you retire, the more
28:30
Speaker 4: challenging it is. Oh yeah, right, you have a longer
28:34
Speaker 4: life expectancy that you have to provide for. Inflation is
28:38
Speaker 4: a larger impact on your on your retirement budget because
28:41
Speaker 4: it multiplies over the years and compounds itself, you know,
28:47
Speaker 4: so the and and you have less years to save
28:50
Speaker 4: and to allow your money to accumulate. So every year
28:54
Speaker 4: you go earlier. It's not say a person can't retire really,
28:57
Speaker 4: certainly you can, but you have to make sure you're
29:00
Speaker 4: really prepared. And the earlier you retire you as have
29:04
Speaker 4: to over prepare because there are more unknowns the farther
29:07
Speaker 4: you go out. You know, it's like the old thing
29:09
Speaker 4: if you you know, if you if you miss something
29:12
Speaker 4: by one percent, you know, the farther you go out,
29:16
Speaker 4: the bigger that becomes, the bigger that miss becomes. And
29:19
Speaker 4: the same thing with retirement planning. So I mean that
29:22
Speaker 4: is something to really think about as you as you're thinking,
29:26
Speaker 4: should I retire early if you can, but make sure
29:30
Speaker 4: you sharpen the pencil and really know that that you're
29:33
Speaker 4: good to go.
29:34
Speaker 3: It's literally like a moonshot. Like on a moonshot, if
29:36
Speaker 3: you're off just a couple of degrees, you know, you
29:38
Speaker 3: may not know until you get closer to there, but
29:39
Speaker 3: you miss the moon completely, you know. I mean it's
29:41
Speaker 3: very important because it's such a distance, and.
29:43
Speaker 4: Every year you delay it, I mean, you are taking
29:47
Speaker 4: one year away from the number of years you have
29:50
Speaker 4: to provide for retirement, and you've got one more year
29:55
Speaker 4: of earnings and savings that you're adding to it. And
29:58
Speaker 4: you know, so you're really chopping that down on both
30:02
Speaker 4: ends for every year you'd delay your retirement, and so
30:06
Speaker 4: it becomes much easier. Just adding a year or two
30:09
Speaker 4: can make a big difference, you know, if your borderline,
30:12
Speaker 4: an extra year or two could make a big difference
30:14
Speaker 4: in that calculation. And a lot of times that's what
30:18
Speaker 4: we'll do with folks that come in that are thinking
30:20
Speaker 4: about retirement. Could you retire today? And sometimes he answers, yes,
30:25
Speaker 4: you could retire today, but if you'd wait one year
30:28
Speaker 4: or two years. You know, this is what it would
30:31
Speaker 4: look like. And then you know, it's not for me
30:34
Speaker 4: to say that a person retires or not. It's their decision,
30:37
Speaker 4: but at least they can go into that decision with
30:40
Speaker 4: some clear information about what it may look like and
30:45
Speaker 4: what the risks are at each age.
30:47
Speaker 3: It's amazing, even as short lived as we are as humans,
30:50
Speaker 3: just how time shrinks so much when you start the age.
30:52
Speaker 3: I was thinking the other day, I'm fifty now, and
30:56
Speaker 3: it was fourteen years ago when i moved back to
30:58
Speaker 3: West Virginia after I've been gone for for many, many years,
31:01
Speaker 3: And it's just amazing to think that. And so if
31:04
Speaker 3: I take that fourteen years and at it today, I'll
31:06
Speaker 3: be sixty four, almost sixty five years old at that point,
31:09
Speaker 3: it doesn't seem like that long ago that came back
31:11
Speaker 3: to West Virginia, and now I'm talking about that's in
31:13
Speaker 3: theesh area of when I should be considering retirement. You know,
31:18
Speaker 3: that's pretty crazy. We have a phone call we want
31:20
Speaker 3: to get to so we don't miss out. Greg has
31:22
Speaker 3: called him this morning. He has a question for John
31:24
Speaker 3: er Dat at Fourth Avenue Financial.
31:25
Speaker 9: Greg go ahead, Hey, thanks, really enjoy your show, by
31:28
Speaker 9: the way, but real quick question. And this may sound dumb,
31:30
Speaker 9: but I don't know the answer, and I try to
31:32
Speaker 9: keep up on retirement things. Let's say I'm sixty three
31:36
Speaker 9: right now, I'm not retiring for a little bit. Let's
31:38
Speaker 9: say at sixty nine, I want to start taking things
31:41
Speaker 9: out mainly because I want to like buy a boat
31:43
Speaker 9: or something, right, and then I don't take it out
31:46
Speaker 9: for another four years.
31:47
Speaker 3: How's that work?
31:48
Speaker 9: Can I or do?
31:48
Speaker 3: Am I required? At that point?
31:50
Speaker 9: You have to take it out every year.
31:52
Speaker 3: I'll hang up and listen. Thank you, Okay, thanks, great,
31:54
Speaker 3: appreciate it.
31:54
Speaker 4: Yeah, thanks, thanks for the question. Yeah, boat money, that's
31:58
Speaker 4: a good that's a good purpose.
31:59
Speaker 3: Absolutely, man like the boat. That's right.
32:01
Speaker 4: Yeah, you know, give me a call when you go
32:03
Speaker 4: out on that boat. I'll be there. So you don't.
32:08
Speaker 4: As long as you're over fifty nine and a half,
32:10
Speaker 4: you can access your retirement money, you know iras. If
32:14
Speaker 4: you're still working, you might not be able to access
32:16
Speaker 4: your four oh one K until you separate employment. But
32:19
Speaker 4: at fifty nine and a half, all of your tax
32:21
Speaker 4: deferred money can be accessed without penalty, and so you
32:28
Speaker 4: know you can take it out. However, you win.
32:29
Speaker 3: Another great reason to have an IRA on top of
32:31
Speaker 3: your four one k if you want to, you could
32:32
Speaker 3: have money that's accessible at a different time.
32:34
Speaker 4: Yeah, so you take it out however you wish, If
32:37
Speaker 4: you want it in a big lump sum for the boat,
32:39
Speaker 4: if you want to take it out as an income stream,
32:41
Speaker 4: that's up to you. How you take that money out.
32:44
Speaker 4: If you wait. In this case, he said, maybe sixty nine.
32:47
Speaker 4: At sixty nine, you know you're still below the mandatory
32:53
Speaker 4: distribution of seventy three, So you can still take a
32:55
Speaker 4: one time distribution and buy that boat and then not
32:59
Speaker 4: take any more distributions until age seventy three. But as
33:03
Speaker 4: if you're age seventy three, whether you want it or not,
33:06
Speaker 4: you have to start taking distributions regularly. But just because
33:10
Speaker 4: you take a one time distribution or a distribution every
33:13
Speaker 4: other year, or however you want to take them between
33:16
Speaker 4: fifty nine and seventy three, it's entirely up to you.
33:19
Speaker 4: It can be an income stream, it could be one off.
33:22
Speaker 4: It's entirely up to you. It's just at age seventy
33:25
Speaker 4: three that the government is going to make you take
33:28
Speaker 4: it out. Now. They're not saying you can only take
33:31
Speaker 4: this out. They're saying you have to take at least
33:34
Speaker 4: this out, so even above seventy three. So let's say
33:37
Speaker 4: the government makes you take ten thousand dollars out. You know,
33:40
Speaker 4: if you want to, you could still take twenty thousand
33:42
Speaker 4: out or thirty thousand. You just can't take five thousand
33:45
Speaker 4: out because they'll penalize you for not taking the full
33:48
Speaker 4: required distribution. So I hope that answers the question.
33:51
Speaker 3: Made sense to me. I think hopefully hopefully that you
33:54
Speaker 3: as well. Greg. If anybody else has a call, we
33:56
Speaker 3: have a couple of minutes left. You can try to
33:57
Speaker 3: squeeze in here this morning three or a four three
33:58
Speaker 3: four five fifty eight fifty eight three zero four three
34:00
Speaker 3: four five fifty eight fifty where you can text in
34:02
Speaker 3: your questions to three zero four nine three five five
34:04
Speaker 3: zero zero eight. Oh, you're welcome. Joe. I just want
34:08
Speaker 3: to say thank you for answering his question. He sent
34:10
Speaker 3: in a text there. Earlier. We were talking about pushing
34:13
Speaker 3: a retirement age if you decide to do it. What
34:15
Speaker 3: does it mean if policies are made at the governmental
34:19
Speaker 3: level where retirement age is for certain access to certain
34:22
Speaker 3: things or official retirement ages we've heard about that is
34:25
Speaker 3: it seems like every year about this time we hear
34:26
Speaker 3: about it pushing the retirement age out a little bit more.
34:29
Speaker 3: Should it be seventy? Now? You know what? Yeah?
34:30
Speaker 4: For Social Security.
34:31
Speaker 3: Exactly, for SoCal security exactly. What does that mean for
34:34
Speaker 3: somebody that is looking for their moonshot for retirement? It
34:37
Speaker 3: just mostly, like you said, it mostly just affects Social
34:42
Speaker 3: Security for them. But that plays some amount into the
34:44
Speaker 3: calculus for retirement. I guess, Oh sure.
34:47
Speaker 4: I mean, the farther out you have to wait for
34:49
Speaker 4: Social Security, the more bridge you have to use with
34:52
Speaker 4: your own money to get to retirement if you retire earlier. Right,
34:57
Speaker 4: you know, there's a lot of concern with Social Security.
35:00
Speaker 4: I mean, I certainly don't have a crystal ball to
35:02
Speaker 4: know what the policies are going to be, but I
35:05
Speaker 4: will say that politically and historically, changes that have been
35:10
Speaker 4: made to that program are typically not made to people
35:14
Speaker 4: that are at or near retirement.
35:17
Speaker 3: Right, It's always a trailing thing.
35:19
Speaker 4: Yeah, yeah, So if they make changes, you know, who
35:23
Speaker 4: knows what the age would be. But let's say they
35:26
Speaker 4: bump the retirement age up a year, and it probably
35:31
Speaker 4: is going to affect people in their thirties and twenties
35:33
Speaker 4: more so than fifties and sixties.
35:35
Speaker 3: Gotcha.
35:35
Speaker 4: Yeah, Now, it could not be that way, but that
35:40
Speaker 4: is how it historically has been, and I think politically
35:44
Speaker 4: it would be tough, I think, to pull the rug
35:47
Speaker 4: out from one of the people that are on retirement
35:49
Speaker 4: store step.
35:50
Speaker 3: Yeah, I think that's definitely true. Look out, look at
35:53
Speaker 3: historical precedent when it comes to these things, and you know,
35:55
Speaker 3: try to keep from getting scare tactics because people will
35:58
Speaker 3: say a lot of things when it comes to this,
36:00
Speaker 3: and when you look at realistically what's been done in
36:02
Speaker 3: the past, it's I mean, it could be you know,
36:04
Speaker 3: pretty pretty major, but it's not like you said, usually
36:07
Speaker 3: startling to those folks that are right around the number already.
36:10
Speaker 3: Usually there is some consideration given, usually decades of consideration given, and.
36:14
Speaker 4: You know, the younger folks might not might not like it,
36:17
Speaker 4: but there is some logic you could you can make
36:22
Speaker 4: about why it might be later for those folks, and
36:26
Speaker 4: one is that we just live long.
36:28
Speaker 3: We live longer. And frankly, if you have a social program,
36:30
Speaker 3: which is what SoC security is, then it has to
36:31
Speaker 3: change with society, right, I mean, that's just the way
36:34
Speaker 3: that it goes and so if it is a supposed
36:36
Speaker 3: to be like an altruistic thing that we all pay
36:38
Speaker 3: into for society later, then we have to make adjustments
36:40
Speaker 3: to it at some point.
36:40
Speaker 4: Yeah, I mean social Security when it was an act
36:42
Speaker 4: of the average person was dead for sixty five.
36:49
Speaker 3: Right, Yeah, I mean that's a great point where you're
36:51
Speaker 3: living much longer now, especially in an individual cases. Sometimes
36:55
Speaker 3: you know folks would live Look at Jimmy Carter. That's right,
36:58
Speaker 3: very going, very far. We appreciate you tuning in this morning.
37:01
Speaker 3: A lot of great information that John shared this morning.
37:03
Speaker 3: I hope you're able to catch all of that. If
37:05
Speaker 3: you missed any portion of it, we'll have it up
37:06
Speaker 3: on podcast within the next hour, so you can check
37:09
Speaker 3: it out at WHS network dot com slash podcast. You
37:11
Speaker 3: can find all of our podcast feed over there and
37:14
Speaker 3: it will come up over there. A lot of great
37:15
Speaker 3: information that John shares every week that you can go
37:17
Speaker 3: back and listen to, but especially the day of because
37:19
Speaker 3: there's a lot of great content in there that you
37:21
Speaker 3: can find on the radio. You can find out more
37:23
Speaker 3: about Fourth Avenue Financial online. It's Fourth Avenue Financial dot com.
37:26
Speaker 3: That's fourth Avenue Financial dot Com and their phone numbers
37:29
Speaker 3: three zero, four, seven, four six seven non seven seven
37:31
Speaker 3: three zero four seven four six seven none seven seven. John,
37:34
Speaker 3: thank you so much for your time.
37:34
Speaker 4: I appreciate it today, all right, thanks a bunch. Thanks
37:36
Speaker 4: for the calls and text Yeah.
37:38
Speaker 3: Very much so, and keep those If you have any questions,
37:41
Speaker 3: you can keep those in mind, or you can give
37:43
Speaker 3: John a call at his office again. That number is
37:44
Speaker 3: three zero four seven, four six seven none seven seven.
37:46
Speaker 3: We'll see you back here next week, John, for sure. Hey,
37:48
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