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Best Planning Practices for 2024!! · Money In Motion with Klaas Financial

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  This is Money in Motion with Class Financial, a fun and informative show designed
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  to help you get answers to all your retirement questions in one place, and
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  our phone lines are open for you right now at six oh eight three two
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  one thirteen ten. Gets you on the air with our retirement planning professionals from
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  Class Financial, CJ. Closs and Malia Quavis. You can learn more about
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  Class Financial on their website Clossfinancial dot com that's k l aas Financial dot com
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  and their telephone number six oh eight four four two five six three seven.
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  Don't forget no charge for that initial get to know your appointment tech Coss Financial.
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  It will be complimentary to you again their number six oh eight four four
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  two five six three seven, and the phone lines are open for you this
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  morning six oh eight three two one thirteen ten. That's three two one thirteen
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  ten. Love to have you join us on the show. As mentioned,
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  we are joined by CJ. Closs and Malia Quavis. CJ. How you
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  doing this week? I'm doing great? How are you? Sean? Doing
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  really well? Great to chat with you. Malia? How have you been
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  very good? Thanks? Where's our snow you? Let's wait till Christmas Eve,
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  Yes, exactly, exactly. We've got a great conversation ahead speaking of
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  kind of the snow and Christmas and wrapping up the year. We're going to
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  talk about twenty twenty four and planning goals and things to be thinking about this
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  time of year. We'll be doing that in just a moment. In the
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  meantime, if you had a chance to check out the website and now,
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  that was a great time to do that colss Financial dot com. You get
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  to know the team at Coss Financially. You can learn about their separate divisions.
• 1:26
  You can also sign up for the weekly market Paul's newsletter. Again,
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  all available at cossfinancial dot com. They're twelve for number six, so eight
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  four four, two, five, six three seven. And of course,
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  you know a really cool thing that goes on in the program each and every
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  week. It's the Class Quiz Question the week. This week you have a
• 1:40
  chance to win a fantastic prize from our friends at Class Financial, a twenty
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  five dollars gift card to Dick's Sporting Goods. So listen closely. Typically,
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  both the question and answer to the Class Quiz question leak come up during the
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  show and before we get rolling on this week's program, Let's actually take a
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  look back at last week's show, get the question and answer there as well.
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  Yes, last week we had a conversation about when you're going to have
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  to start taking your required minimum distributions. People refer to them quite often as
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  rmds. So the question of the week was what is the age that the
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  IRS requires you to begin taking these rmds from your pre tax retirement accounts?
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  Is it age seventy or seventy three? This is a constantly moving target.
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  The correct answer was seventy three, So a shout out to our winner,
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  Rows of Sun Prairie. Congratulations, thanks for listening and listen carefully for today's
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  question. Yeah, I we'll do another one again before the end of the
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  program. Chance on a twenty five dollars gift card dixboarding goods. Don't forget
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  as well. If you miss any part of today's program or you want to
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  listen back to last week's show, you can always check out the podcast atlass
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  financial dot com. So as you wrap up this year and start looking forward
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  to twenty twenty four, any retirement goal planning we should be doing right now?
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  CJ No no, No, Heart important. Yeah, that's kind of
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  what we do around here is we try to help you think about the future.
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  So listen, we live in a society that just screams at us,
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  fulfill your dreams now, and so it's baked into our society in terms of
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  you know, now Starbucks has everybody does drive through, nobody goes into the
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  lobbies anymore because we need our coffee now. And by the way, I'm
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  not dogging on American society just as much as it does not bode well for
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  delayed gratification. And so this is becoming a tougher thing for people to think
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  about how do I actually save? And we'll admit to you this is as
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  much behavioral as it is mathematic Let me rephrase that it is more behavioral than
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  it is mathematics. So Years fly By twenty twenty three is almost over,
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  we're headed into twenty twenty four, and so we just wanted to pause and
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  say, all right, what are some ideas is that we can give to
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  you in terms of assessing what you did this year in twenty twenty three and
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  what you might want to change as you head into twenty twenty four. So
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  that's what we're going to do here today. So Assessment number one is to
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  assess your current debt. So include any extra debt that you might have incurred
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  during the holidays, and then understand the amount of interest you're paying to hold
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  each of those debts. Look at your mortgage debt, look at your vehicle
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  loans, look at your credit card loans, student loans, and then line
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  them up in terms of who you owe the money to, how much you
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  owe known as the balance, and then what your interest rate is on each
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  one of those and start asking some critical questions like, hey, which of
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  these debts can I clean up most rapidly to free ups and cash flow.
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  Assessment number two review your monthly budget. Now, goodness gracious. Back in
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  our grandparents' day, the idea of a budget, the idea of living without
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  a budget would have been just insane because there weren't bank statements. You couldn't
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  go online and so therefore you might have had your money at a bank,
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  but the only way you knew how much you had on deposit at the bank
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  was to actually have your own ledger. If you don't believe me, go
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  talk to your grandparents and they'll they'll show you their ledgers. Oh yeah,
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  I had to keep track of every penny that we spent. And goodness gracious,
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  if you were a child, or if you lived through any part of
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  the Great Depression, you know exactly what I'm talking about. There was no
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  missing a penny at that time. So, you know, review your budget.
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  This used to be very normal. Now for people, they don't have
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  budgets, They've never had budgets, and they don't even know what I'm talking
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  about when I say a budget. And really the idea of budget is where
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  is money coming from? So how much is coming into your bank account and
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  then how much is going out? Now that is actually not a budget,
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  that is just cash flow awareness. But's start there. Start with cash flow
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  awareness, assess how much is coming in and how much is going out,
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  and you know, just build an understanding of that consistently so that you can
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  be conscious about where your money is going. And just this step alone has
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  led a lot of our clients, friends, colleagues to a place of going,
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  oh I forgot about that streaming service, or oh I don't really use
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  that gym anymore. That costs me one hundred dollars a month. So cash
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  flow awareness is key. Talking this morning with CJ colss Amelia Quavis, our
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  retirement planning professionals from Class Financial. Love to have you join us this morning.
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  All I got to do is pick up phone, gets call herestation six
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  h eight three two one thirteen ten. That's six oh eight three two one
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  thirteen ten. We'll get you right on the air with CJ and Malia.
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  Of course, they are our retirement planning professionals from COSS Financial. The website
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  cossfinancial dot com that's k l Aasfinancial dot com and their telephone number six oh
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  eight four four two five six three seven. So CJ. Obviously having a
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  budget is important, but also handling those what ifs that tend to happen is
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  probably an important thing to plan for as well. You bet. Yeah,
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  So we're again we're talking today about kind of ways to think about the future
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  plan for retirement and to reassess what's going to be how are coming up in
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  twenty twenty four and so we've gone through two. We're now into number three,
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  which is assessment Number three is review your emergency savings account. Again,
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  Malia and I talk about this on the radio show all the time, but
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  it's this idea of a three to six months of living expenses in a separate
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  savings account called commonly called an emergency reserve. Now again we can do a
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  whole show on the topic of emergency reserve because this is again becoming more foreign
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  to people as we move more and more into a society that once things now
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  but the idea is this to be a separate savings account you're not taking on
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  risk with. It should be an FDIC ensured bank savings or CD or money
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  market account, and it represents three to six months of your living expenses.
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  Again, a lot of people go, what do you mean living expenses?
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  Again A generation ago you would have never asked that question, But the question
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  now is living expenses represent how much you spend on a monthly basis. So
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  that goes back to ATAM number two, which is reviewing your cash flow.
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  Number four on our list is review your retirement account. So how much did
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  you put away in twenty twenty three, how much of that was matched?
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  And then did you take advantage of the entire match that was available to you.
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  So we've talked again, We've done whole shows on this topic of four
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  oh one ks and four h three b's and employer contributions. And making sure
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  you don't give up free money. But a lot of employers will match your
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  contributions, and that means you have to put in enough to receive that match.
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  Commonly, what Moulia and I will run into is, yes, they
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  will put in three percent, and we go, oh, that's great.
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  How much do you have to put in to get that three And a common
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  response will be, well, I assume three, and then what we come
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  to find out is it's a fifty cents on every dollar match up to six
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  percent, and so you have to put in six to get their three.
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  So this is just awareness of how much you're putting in, awareness of how
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  the match works, and making sure that you are not leaving money on the
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  table with your employer. Awareness Number five is be aware of your allowed retirement
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  contribution levels. So this is a good one. In twenty twenty four,
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  the amount you can put into your four to one K four three B will
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  be slightly increasing to twenty three thousand dollars if you're under the age of fifty,
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  with a catchup contribution of seven thousand, five hundred dollars if you're over
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  the age of fifty, for a total of thirty thousand five hundred dollars,
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  so whereas IRA contribution levels will also be increasing, but those dollar amounts are
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  more or are less, I should say so. In twenty twenty four,
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  the max you can put into an IRA is sixty five hundred dollars if you're
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  under the age of fifty or I'm sorry, seven thousand dollars I apologize if
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  you're under the age of fifty, plus an extra one thousand dollars ketchup if
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  you're over the age of fifty, for a total of eight thousand. So
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  again, IRA contribution levels in twenty twenty four go up a little bit.
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  Now you can put in seven thousand if you're under the age of fifty,
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  or eight thousand if you're over the age of fifty. So be aware of
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  these levels. If you're trying to max out retirement accounts, then then make
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  sure you are adjusting those as you head into the new year. Talking this
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  morning with our retirement plan professional CJ. Colossibilea Quavius come to us from class
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  Financial online cossfinancial dot com. That's Klaas Financial dot com. The teleful number
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  to get down the air this morning six soh eight three two, one thirteen
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  ten that's six, soh eight, three, two, one, thirteen,
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  ten. Any other tips to keep in mind as we plan for the new
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  year. CJ. Yeah. The only final tip I give to you,
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  so we're on to number six is taking advantage of contributing to a health savings
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  account. So if you have an eligible medical medical insurance plan, which is
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  called an HSA eligible medical insurance plan, which by the way, just has
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  to have a high enough deductible to qualify. If you have one of those,
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  please please please make sure you establish an HSA either through your employer if
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  it's a group plan, or through any institution that offers HSA accounts. Many
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  different banks will offer it and take advantage of those contributions. HSA contributions are
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  tax deductible contributions that go in. Any growth you receive is tax free as
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  long as you use the money for qualifying medical expenses, so those limits on
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  contributions. In twenty twenty four, you can put aside as much as four
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  one hundred and fifty dollars as an individual throughout the year, or eight three
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  hundred dollars for a couple or family with an extra one thousand dollars as a
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  catchup. If you're over the age of fifty five, So long story short,
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  know those numbers. Talk to your accountant, make sure you're putting in
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  as much as you can to get those deductions and to have money set aside
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  for medical expenses. Really good start to this week's conversation, talking about retirement
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  goals for twenty twenty four and thanks to be getting in line as we look
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  to the new year, and some things to be thinking about. Maybe you're
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  thinking social Security or other things as well as beneficiaries. We'll talk with Malia
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  about that in just a moment. In the meantime, if you've got a
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  question, we'd love to have you join us this morning. Telphe number to
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  get on the air six oh eight three two one thirteen ten. That's three
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  two one thirteen ten. The website for class financial closs Financial dot com.
• 12:09
  That's k l aas financial dot com. Great resource. Learn more about the
• 12:13
  team at loss Financial. I'll sign up for the weekly market Pulse newsletter.
• 12:16
  All at the website and as well as subscriber listen back to the podcast available
• 12:20
  to you at lossfinancial dot com. That's k l aa S financial dot com.
• 12:24
  And the telephone number six oh eight four four two five six three seven,
• 12:28
  no charge for then you'll get to know your appointment at Coss Financial.
• 12:31
  It will be complimentary to you again their number six oh eight four four two
• 12:35
  five six three seven. We'll continue our conversation with CJ Malia and take your
• 12:39
  call next as Money in Motion with Coss Financial continues right here on thirteen ten
• 12:43
  wib E. This is Money in Motion with Class Financial, a fun and
• 12:52
  informative show designed to help you get answers to all your retirement questions in one
• 12:56
  place. Well, Men're open for you right now six oh eight three two
• 13:03
  one thirteen ten. That's six oh eight three two one thirteen ten. Love
• 13:07
  to get you on the air with your question for our retirement planning professionals from
• 13:11
  Class Financial. The website for Class Financial it is Cossfinancial dot com. That's
• 13:15
  k l a a s Financial dot com. Great website to learn about Class
• 13:18
  Financial, the different services that they offer the team members at co Loss Financial.
• 13:22
  Also, if you step out, I know sometimes in the morning we
• 13:26
  tend to get a little busy, maybe grab some coffee, drop the grandkids
• 13:28
  or kiddos off at school, or doing some other things. You miss part
• 13:31
  of the program. You want to get caught up. You can subscribe and
• 13:33
  listen back to the podcast right at Cossfinancial dot com. That's k l a
• 13:37
  a s Financial dot com and the telephone number six oh eight four four two
• 13:41
  five six three seven. No charge for that initial get to know your appointment
• 13:45
  at COSS Financial. It will be complimentary to you again their number six oh
• 13:48
  eight four four two five six three seven. And to get on the air,
• 13:52
  just call the studio six oh eight three two one thirteen ten. That's
• 13:54
  six soh eight three two one thirteen ten. Of course, a lot of
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  what we talk about is planning, and of course we're planning for twenty twenty
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  four this morning, some things to be looking forward to this upcoming year,
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  and some goals to be looking at as well. And Malia, what are
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  some of the other things we should be doing with our planning right now.
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  Yeah, So a lot of people like to just quote, set it and
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  forget it and never look back until they're getting ready to retire and they're like,
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  oh my goodness, you know, maybe I should have taken a closer
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  look a few years ago. So that's really what we're trying to suggest you
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  do today. So one thing number seven would be reviewing your asset allocation,
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  particularly within your retirement assets. So those would be your assets that are in
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  your employer retirement accounts that you've been putting money away into for the last several
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  years, or even iras that you might have outside of your current employer.
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  And the reason we want you to take a look at those is sometimes the
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  fund fund lineup within those plans has changed, or perhaps you've become overweighted in
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  certain asset classes that have done particularly well, and so there does it does
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  require to at least take a look and perhaps do a reallocation, maybe sit
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  down with your financial advisor, you know once a year at a minimum,
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  just to kind of see where you're at and are there better funds that your
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  retirement offerings provide that you might want to be switching into, some of which
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  might be less expensive or better performing, So definitely take a look at that.
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  Also, we find that sometimes people are putting too much into company stock.
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  We're not saying company stock is bad, but sometimes you can be overweighted
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  in one specific stock, and you know, we're looking at risk all the
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  time in our profession. We don't want you overweighted with too much company stock.
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  I mean, I know, we love our companies, but at the
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  end of the day, being diversified helps spread out that risk. Maybe you're
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  keeping too much in cash, maybe you're very conservative and you're afraid of things
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  changing. That too is a risk because you're not making anything generally on cash
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  and many of those money market funds, some are paying well and some not
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  as well. So as you get closer to retirement, remember that your allocation
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  should be matching up with your goals and your timelines. The next item number
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  eight is putting together a net worth statement. Now, this kind of goes
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  back to CJ discussing about looking at a budget, kind of reflecting where you're
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  at and where money's going to. Similar to that, putting together a net
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  worth statement allows you to really line out your investment statements together with your debts
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  and kind of tally it all together, so to speak. So we look
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  at your total assets, we remove your liabilities, which are your debts,
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  and we determine your net worth. So really the reason for doing this is
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  it's helping promote what you're going to do in the future in retirement and being
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  able to extrapolate some retirement income with with your net worth. Net worth.
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  In this case, we're talking assets minus liabilities and some of that of which
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  is going to be investments, not just your home. These are really good
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  first steps as you enter the new year. The next item is we talk
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  about this a lot on the show, number nine, review your Social Security
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  benefits. So we would suggest, if you have not already done so,
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  go to SSA dot gov and reflect by punching in the information they require.
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  Make sure you're going to this website and look at what it's going to be
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  for a benefit for you as you go into retirement. Social Security everybody knows
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  you can start collecting as early as sixty two. Probably not something we're going
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  to recommend, but it's important for you to understand when your full retirement ages,
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  which is your FRA and for a lot of our listeners, you know,
• 17:47
  if you're born after nineteen sixty, that full retirement age is age sixty
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  seven, So you're going to want to make sure that you know what that
• 17:55
  benefit's going to look like. Again, working with a financial advisor will help
• 17:59
  you decide what amount you're going to need to take and as income from your
• 18:03
  investments to match up with your Social Security talking this mat go ahead, Sorry,
• 18:08
  Emily, it's talking with our retirement planning professionals, Ellia Quavis and CJ.
• 18:11
  Closs. They come to us from Class Financial the website class financial dot
• 18:15
  com. That's COSS A L A A S Financial dot com. Great website
• 18:19
  and great resource to learn more about Class Financial. Their telephone number six O
• 18:22
  eight four four two five six three seven. Don't forget no charge for that
• 18:26
  initial get to know you appointment at COSS Financial. It will be complementary to
• 18:30
  you again their number six oh eight four four two five six three seven.
• 18:33
  And obviously part of preparing for next year is reviewing, and that's an important
• 18:37
  part brings us to UH number ten, doesn't Emalia, Yes, it does
• 18:41
  so. Reviewing your beneficiary, so make sure all your investment accounts reflect who
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  would receive your assets if you're not here, so that could you know.
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  We want you to look at your will and trust and your power of attorney
• 18:55
  documents, but you want to make sure that all those documents include the beneficiaries
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  listed on your retirement accounts reflect who you'd want to receive that, whether your
• 19:06
  spouse or your children, whatever that might might be. Review your old life
• 19:11
  insurance policies. Number eleven do the policies you currently have still reflect your current
• 19:15
  life? Do you have policies that are heavy in cash value or could you
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  possibly stop paying the premium? So again, want to make sure beneficiaries are
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  updated there as well. And finally, number twelve is begin goal planning for
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  your retirement. If you haven't already done that, this is a good year
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  to start. So really it starts with when do you want to make this
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  happen? Where do you want to live? How much money is going to
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  take is it going to take to make this a reality? And finally,
• 19:45
  what steps do you need to take today to reach that tomorrow, which,
• 19:48
  believe it or not, is just right around the corner time. I mean
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  we're looking at two weeks before the end of this year. Wow, time
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  goes fast, especially when you're talking about yourself. So we really want to
• 19:57
  put these these items in place so that as retirement you encroach upon retirement,
• 20:03
  you've already done the planning necessary to be successful. Doc this morning with our
• 20:08
  retirement planning professionals from Class Financial, CJ. Closs and Malia Quavis. Don't
• 20:12
  forget to learn more about Claus Financial All on their website Coss Financial dot com.
• 20:17
  That's k l Aasfinancial dot com. Great website, great resource again Cossfinancial
• 20:22
  dot com. And they're telephone number six soh eight four four two five six
• 20:26
  three seven. No charge for the initial gets to know you appointment tech Coss
• 20:29
  Financial. It will be complimentary to you again their number six oh eight four
• 20:33
  four two five six three seven. We'll CIDU your conversation with c generally and
• 20:37
  we'll also get to the class quiz question of the week next as Money in
• 20:40
  Motion with Coss Financial continues right here on thirteen ten wib E. This is
• 20:48
  Money in Motion with Colass Financial, a fun and informative show designed to help
• 20:52
  you get answers to all your retirement questions in one place with our retirement planning
• 20:57
  professionals from Closs Financial'll CJ. Coss and Malia Quavis. Thewebsite class Financial dot
• 21:03
  com. That's k l Aasfinancial dot com. Great website. M checked it
• 21:07
  out definitely on over there today. It's no Coss the team at Colss Financial,
• 21:11
  and of course sign up for the weekly market Paul's newsletter and listen back
• 21:15
  to the podcast as well. Again available to you at class Financial dot com.
• 21:18
  The telephone number six oh eight four four two, five, six three
• 21:22
  seven, no charge that initial gets no appointment at COLSS Financial. It will
• 21:25
  be complementary to you again. The number six oh eight four four two five
• 21:29
  six three seven come up with later in the segment well though the class Quiz
• 21:32
  Clunch League, So you definitely want to keep the number handy. Talking about
• 21:36
  retirement goal planning as we head into the new year and kind of working our
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  way through this list. Other other things we should keep in mind, CJ
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  as we plan for our retirements. Yeah, a few others. So we're
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  on the number thirteen, believe it or not. Number thirteen would be exercise
• 21:52
  your mind and your body as you move towards and into retirement. So knowing
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  that retirement could be just around the corner for you, one thing to be
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  cognizantive of is that it's important to retire to something, not just away from
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  something. We'll often find people who will say, hey, I just got
• 22:12
  to retire, I'm too stressed, which we support that we don't want you
• 22:15
  to work yourself to death, but often that intermediate step is okay, so
• 22:22
  what are you going to retire too? And that can be difficult because as
• 22:26
  you get into retirement and you sit around. Your body often won't react to
• 22:30
  that, your mind won't react well to that, and so it is important
• 22:33
  to continue to exercise your body and your mind. Number fourteen on our list
• 22:38
  is find a hobby, So this kind of interplays with the former one.
• 22:44
  Again, retire to something. So don't just say, oh, I have
• 22:47
  no hobbies, I don't do anything, I just got to get out of
• 22:48
  here. Well, again, you're going to have free time on your hands,
• 22:52
  and you're going to want to make sure that you still feel productive,
• 22:56
  that you're staying physically active and fit, and that you find purpose in life.
• 23:02
  Number fifteen on our list is evaluate your current job. So again these
• 23:06
  all three kind of interplay. Is your current job creating so much stress that
• 23:11
  you need to find a way to possibly retire away from it, even if
• 23:15
  that means not retiring completely. So this is something we spend a lot of
• 23:19
  time with people on. We actually we use the terminology more financial independence than
• 23:25
  we do retirement, because that idea of financial independence is we all want to
• 23:30
  get to a place in our lives where we are not dependent upon an employer
• 23:33
  to provide us with income to live comfortably. That's what retirement is often is.
• 23:38
  But the idea of if I'm not financially independent yet, that's okay.
• 23:44
  I could just shift to a different job that's not so stressful work there maybe
• 23:48
  even earning less for the next five years until I become financially independent. So
• 23:52
  it's not an all or none. You really do want to evaluate your job
• 23:57
  and finally, within that job, try to get those debts paid off as
• 24:00
  fast as you can, because often what is stopping people from reaching financial financial
• 24:04
  independence is negative or or bad cash flow due to debts. Talking this morning
• 24:11
  with CJ Cossimile Equibus our retirement planning professionals from Class Financial to website class financial
• 24:15
  dot com. That's k l a A s Financial dot com. Great website
• 24:19
  to learn more about Class Financial. Also a lot of information this week in
• 24:22
  the program. If you missed any part of the show, you definitely subscribe.
• 24:26
  Listen back at class financial dot com to the podcast telephon number six O
• 24:29
  eight four four two five six three seven. That's six O eight four four
• 24:33
  two five six three seven. What about talking with h with the special person
• 24:37
  in your life? CJ. Yeah, yeah, this is kind of important.
• 24:41
  We run into people coming into our office and we'll say I've got I've
• 24:45
  got my money, They've got their money, and that's fine. By the
• 24:47
  way, we're not saying you can't have separate checking accounts and whatnot. But
• 24:52
  again, if you are married, or if you are in a long term,
• 24:56
  committed, serious relationship, it is important to pause on a consistent basis,
• 25:02
  probably with an independent third party, sit down and say, okay,
• 25:04
  what do we collectively look like as a singular household, because again we run
• 25:10
  into these weird anomalies where we'll meet with people say, oh, my goodness,
• 25:14
  you're totally in great shape to retire, and one of the spouses knew
• 25:18
  that, and the other one had no idea because they've never had more than
• 25:21
  two thousand dollars in their checking account. So there's this weird thing that happens
• 25:25
  that your perception of your wealth is often driven by how much you have in
• 25:30
  your checking account or literally in your pocket, when in reality, your ability
• 25:36
  to retire is a lot more complicated than that. And so if you don't
• 25:38
  have money in your pocket or in your checking account, you can feel poor
• 25:42
  even though you may be wealthy. So slow down, talk to your spouse
• 25:45
  or partner and figure out where you're at financially Number seventeen on our list,
• 25:51
  we're down to our last few. Here is live within your means. Oh
• 25:53
  my goodness, Dave Ramsey would be so proud. For those who don't know
• 25:57
  who Dave Ramsey is. He said, he's a kind of a financial guru
• 26:00
  in helping people with cash flow management and getting out of debt. And this
• 26:04
  is just a simple concept. You can live within your means. So this
• 26:08
  goes back to you've got to know what your cash flow is, how much
• 26:11
  is coming in, how much is going out, and as long as the
• 26:14
  amount coming in is more than the amount going out, that would be what
• 26:18
  we call living within your means and having positive cash flow Number eighteen, you
• 26:22
  may want to consider meeting with financial advisor. Now, not everybody needs a
• 26:26
  financial advisor, but I will tell you statistically speaking, those who seek professional
• 26:33
  guidance, especially as it relates to building financial independence, tend to do a
• 26:40
  lot better than those who do not. So I know this sounds like a
• 26:44
  self serving comment, I really do not mean it to be. By all
• 26:48
  means, talk to other people besides us who are in the industry, but
• 26:52
  just seek professional guidance. Having that the independent third party who can look from
• 26:56
  the outside looking in at your finances can be incredibly helpful, even if that's
• 27:00
  only every two or three years. Again, getting those eyes on it can
• 27:03
  be helpful. And then, finally, and the most important of all of
• 27:08
  the reminders we're going to give to you is listen to Money in Motion on
• 27:14
  thirteen den Wiba every Thursday at eight oh five am. So, I know
• 27:18
  we're joking and again this is very self serving, but truly we have done
• 27:23
  this for what twelve years now sean a long time, and we have literally
• 27:29
  hundreds and hundreds of podcasts on all kinds of different topics relating to preparing for
• 27:33
  retirement, living in retirement, distribution, so security, medicare, and your
• 27:40
  IQ will by definition go up if you just listen to this every Thursday.
• 27:44
  So there's a little tip for you. Consider listening every Thursday or going to
• 27:47
  our website listening to the podcast, and that should up your financial IQ.
• 27:51
  And as c Jay mentioned, there are over there's over a decade worth of
• 27:55
  podcasts up at clausfinancial dot com. It's pretty impressive. It's some great content,
• 27:59
  great information not only to listen to for yourself but share with folks as
• 28:03
  well. Check them out online the website colss financial dot com. That's k
• 28:07
  l Aasfinancial dot com. Learn the mo about COLSS Financial, Subscribe to the
• 28:11
  podcast, listen back to previous shows, podcasts. All of that available to
• 28:14
  you up at Clossfinancial dot Com telph number six oh eight four four two five
• 28:18
  six three seven. No charge for that initial gets no you appointment at Loss
• 28:21
  Financial. It will be complimentary to you again their number six oh eight four
• 28:26
  four two five six three seven. Want to hold on to that telephone number
• 28:29
  now because it's time for the Closs Quiz Question the Week. It works like
• 28:32
  this. In just a moment, I'll ask you the class quiz question the
• 28:33
  week. You will then have thirty minutes from the ter Today's program to call
• 28:37
  the Coss Financial office right here in Madison at six oh eight four four two
• 28:41
  five six three seven. And if you are the first call correct answer to
• 28:44
  win this week's prize, which is a twenty five dollars gift card to Dick's
• 28:48
  Sporting Goods. This week's class quiz question the week is this true or false?
• 28:52
  Looking ahead to twenty twenty four, IRA contribution levels will rise from sixty
• 28:57
  five hundred to seventy six. Pardon me sixty five hundred to seven thousand for
• 29:03
  persons under fifty true or false telephone number six oh eight four four two,
• 29:07
  five, six three seven. First call with the correct answer will win this
• 29:11
  week's prize gun twenty five dollars gift card to Dick Sporting Goods. Don't forget
• 29:15
  as well. That's Class Financials office right here in Madison. Six oh eight
• 29:18
  four four two five six three seven. C J. Maleia, It's always
• 29:22
  great chatting with you guys. You enjoy this beautiful day. Thanks Chans.
• 29:25
  News comes your way next right here on thirteen ten WIBA. This is Money
• 29:37
  in Motion with Coss Financial Asset Advisors, LLC, a registered investment advisor registered
• 29:44
  with the SEC. The content of this show is for informational purposes only and
• 29:48
  should not be considered individual investment advice. Class Financial does not offer tax or
• 29:55
  legal advice. Any opinion offered during the course of this show is the opinion
• 29:59
  of that particular investment advisor representatives, and not necessarily the opinion of Class Financial