Latest / WCHS Network Podcasts / 10/13/2025 Retire Right Radio with John Burdette

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10/13/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

0:00
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: The views and opinions expressed on this program do not
0:18
Speaker 2: necessarily reflect the views and opinions of five eight WCCHS
0:22
Speaker 2: its employees or WVRC Media. This is retire Right Radio,
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Speaker 2: a weekly show from John Verdet at Fourth Avenue Financial
0:31
Speaker 2: that aims to answer your questions about financial planning, investing,
0:34
Speaker 2: and how to retire rite. Fourth Avenue Financial is located
0:38
Speaker 2: in downtown Charleston at one seventy Court Street. More information
0:42
Speaker 2: online at Fourth Avenue Financial dot com. Join the conversation
0:46
Speaker 2: by calling three oh four three four five fifty eight
0:49
Speaker 2: fifty eight or text three oh four nine three five
0:52
Speaker 2: fifty oh eight. On Retire Right Radio, let's go live
0:57
Speaker 2: to the studio with host Dale Cooper and John Verdett
0:59
Speaker 2: from four to have any financial games.
1:02
Speaker 3: It's twenty one minutes past eight o'clock. Good Monday morning
1:04
Speaker 3: to you. You are listening to five ADWCCHS and this
1:07
Speaker 3: is retire Right Radio. We are live on this Monday morning,
1:12
Speaker 3: October thirteenth of twenty twenty five. Appreciate you tuning in
1:15
Speaker 3: this morning. You can give your phone calls to three
1:17
Speaker 3: zero four three four five fifty eight fifty eight, three
1:20
Speaker 3: four five fifty eight fifty eight. You can text three
1:21
Speaker 3: zero four non three five five zeros you are eight
1:23
Speaker 3: three zero four non three five five zeros are eight
1:26
Speaker 3: to get a hold of John Bredett, fro Fourth Avenue
1:28
Speaker 3: Financial helping you retire right on retire Right Radio. John,
1:30
Speaker 3: Good morning, how do you do in this morning?
1:32
Speaker 4: Wonderful?
1:32
Speaker 5: It's a glorious morning out there.
1:34
Speaker 4: It really is very nice.
1:35
Speaker 5: It's the whole week looks just special.
1:37
Speaker 3: Yeah, it's uh, we've we've finally gotten to that the
1:41
Speaker 3: seventy degree mark during the days, you know, when when
1:43
Speaker 3: it's Home of Stays is out. I have my sleeves
1:45
Speaker 3: rolled down today, you know, I don't have them rolled
1:47
Speaker 3: up for the first time. How long have a jacket
1:49
Speaker 3: in the back of my car, you know from when
1:51
Speaker 3: I leave once the uh, we're still a couple weeks
1:53
Speaker 3: away from the time change. But once we get that
1:56
Speaker 3: time change, and it's so dark when I go home
1:58
Speaker 3: anyway at six o'clock gets a little chilly, right right, Yeah,
2:02
Speaker 3: I like it me too, man, I like it up
2:05
Speaker 3: until it gets cold, you know. I like, if we
2:07
Speaker 3: just subtracted out winter from the other three.
2:10
Speaker 4: Seasons, that would be fine with all of them. It's
2:12
Speaker 4: just I don't like tons of snow.
2:14
Speaker 5: And that's why it's so expensive to live in southern California.
2:17
Speaker 3: And that's absolutely true. And when I lived in Michigan
2:20
Speaker 3: for decade, is that's why. I mean, home prices were
2:23
Speaker 3: not this super affordable, but certainly, man, winter gets pretty
2:28
Speaker 3: brutal up in Michigan.
2:29
Speaker 4: Sometimes I was kind of tired of all of that stuff.
2:32
Speaker 3: My ex wife years ago lived just above a town
2:37
Speaker 3: called Claremont, I think, in California, which is like a
2:41
Speaker 3: little bit up into the foothills of Mount Baldy. And
2:45
Speaker 3: I think the key to that place is that it's
2:48
Speaker 3: like year round temperature average tempers with like seventy five degrees,
2:52
Speaker 3: with like twenty days of rain, and like it's like
2:55
Speaker 3: one of the most perfect places in the day in
2:57
Speaker 3: the in.
2:58
Speaker 4: The state to live.
3:00
Speaker 3: And of course it's a bedroom community for like Hollywood
3:02
Speaker 3: and so it's all like zillion dollar homes and stuff
3:04
Speaker 3: like that, but apparently it's just the most beautiful, like
3:06
Speaker 3: weather perfect every single day type place.
3:09
Speaker 4: Oh well, today's got it. We got it to see,
3:11
Speaker 4: we got it today. That's absolutely great.
3:13
Speaker 3: And hey, it's always a good time to talk about
3:15
Speaker 3: the forecast on how you can retire, right and uh
3:18
Speaker 3: there's always uh chatter in the news headlines and things
3:20
Speaker 3: along those lines. We're not going to talk about much
3:22
Speaker 3: of that stuff this morning, but we'll we'll, I mean,
3:24
Speaker 3: we'll get an update on things, but we would just
3:26
Speaker 3: like to talk a lot about about a lot of things.
3:29
Speaker 3: John wrote an article called making Sense of the Alphabet Soup,
3:32
Speaker 3: which I think is a really interesting article because we
3:35
Speaker 3: do talk about a lot of things on this program
3:37
Speaker 3: that I mean, people will love acronyms and initials and
3:40
Speaker 3: stuff like that.
3:41
Speaker 4: Financially, it's like a.
3:42
Speaker 3: Military, right, Like the military finance must be fun, you know,
3:46
Speaker 3: figuring out where everything goes. So we're going to talk
3:48
Speaker 3: about in fact that we're gonna talk about rm ds
3:51
Speaker 3: this morning, which sounds a lot like something from the military,
3:53
Speaker 3: you know, But we're going to talk about your ras
3:55
Speaker 3: and your r M d s and your qcds and
3:57
Speaker 3: your TODs. We're gonna talk about all kinds of things
4:00
Speaker 3: this morning, So if you want to to give us
4:02
Speaker 3: a call on how you can update any of these things.
4:04
Speaker 3: Maybe you know you set kind of cross eyed in
4:06
Speaker 3: a meeting with someone that didn't explain this stuff to
4:08
Speaker 3: you very well, or you see it in the paperwork
4:10
Speaker 3: where you're trying to piece together your own retirement plan.
4:12
Speaker 3: We got the answers for you this morning, John does
4:14
Speaker 3: you can give us a call at three zero four
4:15
Speaker 3: three four five fifty eight fifty eight three four five
4:17
Speaker 3: fifty eight fifty eight. You can text over any questions
4:19
Speaker 3: you have. The three zero four non three five five
4:21
Speaker 3: zero zero eight. We're just going to make sense of
4:22
Speaker 3: the alphabet soup and then we're going to identify how
4:25
Speaker 3: they're the tools that are in the toolbox that John
4:28
Speaker 3: can use and that clients can use to help get
4:31
Speaker 3: ahead of the game on helping you to retire.
4:33
Speaker 4: Right.
4:33
Speaker 3: So we're going to find about all of those things
4:34
Speaker 3: this morning, and you can help control the conversation as well.
4:38
Speaker 3: We didn't have a live show last week, so we
4:40
Speaker 3: need to take a look back and to kind of
4:42
Speaker 3: a peek in on what's going on with the financial markets,
4:44
Speaker 3: and once again, I mean but a little bit of
4:47
Speaker 3: there was some There was some noise last week, that's
4:49
Speaker 3: for sure.
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Speaker 5: Yeah, we were rolling along pretty good until Friday and
4:53
Speaker 5: the trade deal with China looked a little rocky. Unexpectedly,
5:01
Speaker 5: the market was down a couple percent last week because
5:03
Speaker 5: of that. I would take it, you know, kind of
5:07
Speaker 5: with a grain of salt. At this point, we've seen
5:10
Speaker 5: this before. A lot of it's posturing and trying to negotiate,
5:16
Speaker 5: and the reality is the market has had a real
5:19
Speaker 5: long stretch without having a one percent decline intra day decline.
5:26
Speaker 5: It's like the seventh longest in history. So it's not
5:30
Speaker 5: abnormal to see movements like this. It was just a
5:33
Speaker 5: little bit unexpected because of the news out of China.
5:37
Speaker 3: And that's one of those things where literally a headline
5:40
Speaker 3: affects the market and not like on any underpinning ndicase
5:45
Speaker 3: or anything like that. It was just like one thing
5:47
Speaker 3: was said and then people.
5:48
Speaker 5: Especially on a Friday, where you know, people wanted to
5:52
Speaker 5: they saw the news and said, well, I don't want
5:54
Speaker 5: to wait over the weekend. So sometimes that can add
5:59
Speaker 5: to the volatility because you know what news is going
6:02
Speaker 5: to come out over the weekend. Well, it turns out
6:05
Speaker 5: this morning the market looks to be having some degree
6:09
Speaker 5: of recovery.
6:10
Speaker 4: So I saw something.
6:12
Speaker 3: Wow, this is this is slightly off topic of what
6:14
Speaker 3: we talk about, although we do it every once in
6:16
Speaker 3: a while. I saw where there was some wild story
6:18
Speaker 3: where just before on Friday, just as the announcements were
6:22
Speaker 3: being made, somebody opened up a bitcoin account and took
6:28
Speaker 3: a something like an eighty million dollar position in shorting
6:31
Speaker 3: a bunch of bitcoin on the rumbling of these things
6:35
Speaker 3: that were going on. And then after, after the announcement
6:38
Speaker 3: was made to the one hundred percent tariffs, all of
6:40
Speaker 3: those shorts came to fruition. I think the guy doubled
6:42
Speaker 3: his money. He made like eighty eight million dollars in
6:44
Speaker 3: a day just by predicting the short predicting somehow, some
6:49
Speaker 3: some somehow. I wish I had that insider or I mean,
6:52
Speaker 3: I wish I had that kind of clairvoyance and was
6:55
Speaker 3: able to make you know, eighty eight million dollars pretty
6:57
Speaker 3: tidy some there.
6:58
Speaker 5: Yeah, that sounds a little suspicious. Then oh what no,
7:02
Speaker 5: I guess it's like cattle futures almost.
7:05
Speaker 3: I would anybody you ever get that information to know
7:08
Speaker 3: that stuff must be highly guarded secrets.
7:11
Speaker 6: But the.
7:14
Speaker 3: The bottom line is when it comes to these things,
7:16
Speaker 3: these headlines do make all this noise. But then and
7:19
Speaker 3: you hear the economy numbers, I mean, oh my goodness,
7:21
Speaker 3: when you look at what people are trying to guess
7:23
Speaker 3: because the government shut down, of course there's no official
7:26
Speaker 3: employment numbers, and so they go off the books to
7:28
Speaker 3: people like, okay, well you usually report employment numbers to
7:31
Speaker 3: what it is. I mean, it's like, if you were
7:33
Speaker 3: like reading into these things with the shutdowns and everything else,
7:37
Speaker 3: you would think that, man, it is a terrible time to.
7:39
Speaker 4: Do anything in the market. But that's not true.
7:41
Speaker 5: No, it's not true at all. And historically shutdowns have
7:44
Speaker 5: not had that much impact on the market, to be
7:47
Speaker 5: honest with you. You know, we'll see how long this drag's on,
7:51
Speaker 5: but you know, it's how the sausage is made that Fortunately, is.
7:54
Speaker 3: There anything that with the government shut down? And is
7:57
Speaker 3: there anything like is there gonna be any reporting? Is
8:00
Speaker 3: the anything that we're looking for this week other than
8:01
Speaker 3: maybe hopefully the government the government opening back.
8:05
Speaker 5: Then there's some inflation numbers coming out this week, which
8:07
Speaker 5: will be interesting to see. Well be so we will
8:10
Speaker 5: get inflation numbers and we'll see what we'll see what
8:15
Speaker 5: happens there. I mean, hopefully it doesn't spike higher. You know,
8:22
Speaker 5: a lot of the you know, tariff, it takes time
8:26
Speaker 5: for that to filter through, and we'll see if that
8:29
Speaker 5: starts impacting.
8:31
Speaker 4: Oh yeah, November is coming.
8:32
Speaker 2: I know.
8:32
Speaker 3: I remember reading at the beginning of the year that
8:34
Speaker 3: November was sort of the date that everybody was circling
8:37
Speaker 3: with the tariff stuff, like when prices when a lot
8:40
Speaker 3: of different industries and stuff where we would start seeing
8:42
Speaker 3: some of that price crossover.
8:43
Speaker 4: So yeah, okay, and we're also.
8:47
Speaker 5: Sort of the expectation is if we don't get a
8:49
Speaker 5: lot of good data out of the government, that the
8:52
Speaker 5: FED will probably take the path of least resistance and
8:56
Speaker 5: just cut like was expected. So that's that's the expectation
9:01
Speaker 5: of the market. Now, whether that happens or not, you know,
9:04
Speaker 5: we'll we'll we'll see. But uh, you know, the FED
9:08
Speaker 5: cut once and the expectation was that it was going
9:11
Speaker 5: to cut a couple more times this year, and with
9:15
Speaker 5: lack of other evidence, you know, why would they change that.
9:19
Speaker 4: Yeah, right, interesting, but.
9:24
Speaker 3: It still is amazing that with all of the chatter
9:27
Speaker 3: that's out there, it really just reveals different tools that
9:31
Speaker 3: that come at different velocities. And we want to talk
9:32
Speaker 3: about a bunch of these things this morning, but it
9:34
Speaker 3: really just changes your mix of the tools that you
9:36
Speaker 3: want to use depending on what happens broadly with the
9:38
Speaker 3: quote unquote the economy.
9:40
Speaker 5: It just changes by the way the economic growth, the
9:43
Speaker 5: earnings of companies, they're very very strong. Yeah, and the
9:49
Speaker 5: the AI boom that we're seeing is actually spreading, spreading
9:53
Speaker 5: to other companies besides the besides the top name, so
9:58
Speaker 5: you know, we'll see you. There's always a talk of
10:01
Speaker 5: is this a bubble that sort of thing. You know,
10:05
Speaker 5: I don't think that's the case. I think that the
10:08
Speaker 5: AI boom is is real. That doesn't mean that it
10:12
Speaker 5: might not toime's get ahead of itself. In other words,
10:16
Speaker 5: you know, a company might be valued greater than it
10:19
Speaker 5: should be, and there might be some resetting of that occasionally,
10:23
Speaker 5: and you'll see pullbacks because of that. But the underlying
10:26
Speaker 5: earnings of these companies, you know, it's real. It's it's
10:30
Speaker 5: not like the tech bubble, where you know, these companies
10:33
Speaker 5: that you've never heard of were valued at billions of
10:36
Speaker 5: dollars that had no earnings. That's not the case here.
10:40
Speaker 5: So you might argue that, hey, we're getting ahead of ourselves.
10:44
Speaker 5: But to say that it's a bubble, I think is
10:45
Speaker 5: a stretch because of the the reality of the earnings.
10:50
Speaker 3: Yeah, because those things are you can actually attach those
10:52
Speaker 3: real you're you're not you're not doing any prospective earnings
10:56
Speaker 3: or past that point. Now, you know, we we've already
10:58
Speaker 3: seen some of this stuff deploy. People get kind of
11:00
Speaker 3: confused because there is a lot of data out there
11:02
Speaker 3: where people a lot of people that were using the
11:05
Speaker 3: ll ms or are Like I was reading one the
11:07
Speaker 3: other day. Nate Silver famously was all about how they
11:10
Speaker 3: were helping him, and he was. He wrote an article
11:12
Speaker 3: how he was looking forward to the progression, and then
11:14
Speaker 3: he recently come up with an updates like, Yeah, you know,
11:16
Speaker 3: I was expecting for there to be more progression and
11:18
Speaker 3: it's really not helping me as much as I thought
11:20
Speaker 3: it would with the kind of statistic modeling that I do,
11:22
Speaker 3: And I think that that's what we're going to see.
11:24
Speaker 3: Maybe this stuff doesn't work as well because even Microsoft,
11:27
Speaker 3: which has implemented into EXCEL. When you go and you
11:30
Speaker 3: read it's disclaimers like, hey, don't trust these results if
11:34
Speaker 3: AI came up with him, because it.
11:35
Speaker 4: May not be right.
11:36
Speaker 3: So I think we're I think we're going to find
11:38
Speaker 3: that there is going to be a limit to some
11:40
Speaker 3: degree of the implementation. But that means that the stuff
11:42
Speaker 3: that it's good at should get fortified, that stuff should
11:44
Speaker 3: be steel manned, you know, that should become even better.
11:47
Speaker 3: And then we go back into the speculative, speculative stuff
11:50
Speaker 3: that maybe we get a little better at. But that
11:51
Speaker 3: stuff's gonna it's already to that point where it's kind
11:54
Speaker 3: of phasing in and out. You know, we're finding the
11:56
Speaker 3: best uses for it. And some of the stuff that
11:58
Speaker 3: people thought that it was going to be great, we're
12:00
Speaker 3: not really seeing necessarily right.
12:02
Speaker 5: Right, And there's so much to it. You know, most
12:04
Speaker 5: folks when they think of AI, they just simply think
12:07
Speaker 5: of chat GPT. Well, there are a lot of tools
12:12
Speaker 5: and and uh, I think they call them agents that
12:15
Speaker 5: that specialize in certain things. Last week I missed the
12:20
Speaker 5: show because I was at a national conference, uh that
12:23
Speaker 5: I go to every year, and there are all kinds
12:25
Speaker 5: of different vendors there and AI companies, you know, with
12:30
Speaker 5: tools for financial advisors that sort of thing. And you know,
12:36
Speaker 5: there are a lot of things out there that specialize
12:40
Speaker 5: that most people you know, just just in the background
12:45
Speaker 5: don't know about. You know, the the there's chat GVT.
12:50
Speaker 5: But then there are some things that are better for writing.
12:52
Speaker 5: There's some things better for for uh like rendering drawings
12:58
Speaker 5: and pictures and editing things. And it's figuring out, just
13:03
Speaker 5: like with the financial plan, which of these tools works
13:07
Speaker 5: best for that job. And you know, it's a discovery process.
13:12
Speaker 5: That's where we are.
13:13
Speaker 3: And I think that what will come to find And
13:15
Speaker 3: this is just as somebody that's played around this thing
13:18
Speaker 3: for a long time. As more companies start to break
13:20
Speaker 3: off and there's a less general the open AI chat GPT,
13:24
Speaker 3: which is supposed to be your general tool for everything,
13:25
Speaker 3: you can use it for everything. I think as you
13:28
Speaker 3: get these ais that get that get more laser foat.
13:30
Speaker 3: I mean, we've had narrow AIS, we've called that machine learning.
13:33
Speaker 3: We've had those for decades, you know, I mean we've
13:35
Speaker 3: had those things employee, we just didn't call it AI.
13:37
Speaker 3: But it is a form of artificial intelligence. It's just
13:39
Speaker 3: very narrow form of artificial intelligence, and I think as
13:42
Speaker 3: we get the generative AI to actually be more narrow
13:45
Speaker 3: is what we need. So you have specialists that you
13:48
Speaker 3: know that might be an assistant to you, Like, it's
13:50
Speaker 3: not going to take your job, but maybe you can
13:52
Speaker 3: dump some data in and you get some information back
13:54
Speaker 3: that's relevant and you know is secure because it's been
13:56
Speaker 3: trained on the data that you need and so you
13:59
Speaker 3: feel more oftident about that. Whereas if you dump that
14:01
Speaker 3: same stuff into chat GBT, it might give you back
14:03
Speaker 3: an answer that looks okay, but it hasn't been trained
14:05
Speaker 3: on the right data and the right data sources, so
14:07
Speaker 3: it could quote unquote hallucinate. So we're going to find
14:10
Speaker 3: this stuff work itself out.
14:11
Speaker 5: I think, oh yeah, yeah, But you know, the technology
14:14
Speaker 5: is real. It will find its way into everyday businesses.
14:17
Speaker 5: It will over time make them more efficient. Which there
14:20
Speaker 5: again that's why the market propels forward. And this is
14:24
Speaker 5: not a new you know, this is a new iteration
14:27
Speaker 5: of technology advancing, but it is not new. I mean,
14:31
Speaker 5: go back the last hundred years and look at the
14:33
Speaker 5: progress that was made. You know, it's the same kind
14:36
Speaker 5: of thing. Yeah, it's just the nature of progress and
14:41
Speaker 5: that's what drives the market forward.
14:43
Speaker 3: I understand some of the fear behind AI and people
14:45
Speaker 3: worried about from like artistic expression and stuff like that,
14:47
Speaker 3: which is which is almost a separate discussion than the
14:51
Speaker 3: economic impact of it. But in doing some like reading
14:54
Speaker 3: and stuff this weekend and some of the podcasts and
14:56
Speaker 3: financial stuff that you're absolutely right. I mean, this is
14:59
Speaker 3: just the same thing that's happened almost in numerous times
15:02
Speaker 3: before in the past. It's just a different technology. But this,
15:05
Speaker 3: this swelling in this and then the spreading out, this
15:08
Speaker 3: spread this, this is just normal. This is what happens
15:11
Speaker 3: when it's also.
15:12
Speaker 5: Normal that it's on occasion to run ahead of itself
15:15
Speaker 5: and then the market will will come back a little
15:18
Speaker 5: bit to reality. When will that happen, I don't know.
15:21
Speaker 5: And how far ahead does it get before that reset happens,
15:25
Speaker 5: I don't know. But it's not abnormal.
15:28
Speaker 3: And this is relevant insofar is that, you know, as
15:31
Speaker 3: we've talked about for the last couple of years broadly
15:33
Speaker 3: speaking of some of the tech indicies, is what's kind
15:36
Speaker 3: of leading the day. We've seen a little bit more
15:38
Speaker 3: of a of a spreading out of that. Although it
15:40
Speaker 3: goes I mean it's cyclical. I mean even within weeks
15:43
Speaker 3: or months it can be suchuable. But we've seen that
15:45
Speaker 3: kind of spread out a little bit. But it is
15:46
Speaker 3: relevant to what we're doing today, because that is one
15:48
Speaker 3: of the major drivers, you know, that we're talking about.
15:50
Speaker 3: If you have any questions about any of these things,
15:52
Speaker 3: you can give us a call this morning. Three es
15:53
Speaker 3: or A four three four five fifty eight fifty eight
15:55
Speaker 3: three four five fifty eight fifty eight. Remember it's an auto
15:57
Speaker 3: Q situation, so if you call, we'll put your right
15:58
Speaker 3: on a queue and then to give your name when
16:00
Speaker 3: you go on the air, you can welcomes give us
16:03
Speaker 3: a call this morning three zero four three four five
16:04
Speaker 3: fifty to fifty eight text threes erre four non three
16:06
Speaker 3: five five zeros or eight. A few things we wanted
16:08
Speaker 3: to talk about this morning, and let's kind of get
16:10
Speaker 3: started with the basics. We wanted to get into the
16:11
Speaker 3: alphabet soup of the things, of the tools that John
16:14
Speaker 3: has at his disposal. Maybe you know, we talk about
16:17
Speaker 3: demystifying a lot, but seriously, that's what this is, I mean,
16:19
Speaker 3: or defining maybe because a lot of these things can
16:22
Speaker 3: get confusing and you forget what one thing is another thing.
16:25
Speaker 3: So let's start with like kind of the basics IRA.
16:29
Speaker 3: We talk about it all the time. Most people that
16:31
Speaker 3: are interested in this topic are probably felt fairly familiar
16:34
Speaker 3: with it. But let's start there. What is an IRA?
16:36
Speaker 5: Yeah, an IRA is simply an individual retirement account. There
16:41
Speaker 5: are two types. There's the traditional and there's the roth IRA.
16:45
Speaker 5: The traditional you get a tax break up front for
16:49
Speaker 5: every dollar you put in, it grows tax deferred, and
16:53
Speaker 5: then when you pull it out, every dollar is faxable,
16:56
Speaker 5: so you're deferring taxes and ultimately paying at the end.
17:00
Speaker 5: The wroth is opposite of that. You get no tax
17:03
Speaker 5: break up front, it grows tax deferred, and then it's
17:07
Speaker 5: all tax free at the end. How do you choose
17:11
Speaker 5: between the two? Everybody is different, but generally speaking, the
17:15
Speaker 5: younger you are, the more it can make sense to
17:18
Speaker 5: do the wroth because the compounding effect will be greater,
17:23
Speaker 5: which means the tax free pot of gold at the
17:26
Speaker 5: end is more valuable to you. That's not always the case,
17:31
Speaker 5: there are reasons that you might do other things, but
17:33
Speaker 5: that's just an overview of that. Some misconceptions with iras
17:38
Speaker 5: that I get a lot, is that a couple of things. One,
17:44
Speaker 5: a lot of banks offer iras and advertise them as
17:48
Speaker 5: you know, like you buy quote an IRA, and I
17:54
Speaker 5: think there's a lot of confusion from that because you know,
17:58
Speaker 5: folks they'll say things like eye an IRA down at
18:01
Speaker 5: the bank, Okay, An i RA is not a product.
18:05
Speaker 4: It's not like a bond or something like that. That's right.
18:07
Speaker 5: And i RA is the way the account is titled
18:10
Speaker 5: for tax purposes. So if you go to the bank
18:13
Speaker 5: and buy an IRA that's advertised on the billboard, you're
18:17
Speaker 5: getting an i RA. But what's inside of that Typically
18:20
Speaker 5: it's something like a CD or some sort of a
18:23
Speaker 5: bank product. When you go to an investment firm like
18:28
Speaker 5: myself Worth Avenue Financial, you know, you can put anything
18:32
Speaker 5: inside that IRA, from a CD to stocks and bonds
18:36
Speaker 5: and anything in between. And so you know, the IRA
18:41
Speaker 5: itself is not a product. A lot of folks think
18:43
Speaker 5: that that is, you know, a product that you buy.
18:46
Speaker 5: It's just the way you title the account for tax purposes.
18:50
Speaker 5: So that is huge confusion that we see, and mainly
18:54
Speaker 5: because banks advertise it like that so often.
18:57
Speaker 3: That's that's a good UH again we talk about UH
19:00
Speaker 3: making terms familiar. That's a great way to uh to
19:03
Speaker 3: kind of uh get any ambiguity out of uh understanding
19:07
Speaker 3: exactly what that is, because you're right, I mean, depending
19:09
Speaker 3: on how a bank if you hear people advertise that
19:12
Speaker 3: and how it's phrasing and stuff, and people will automatically
19:15
Speaker 3: maybe not automatically, but there are things like bonds and
19:17
Speaker 3: things like that you can buy out there.
19:19
Speaker 4: Yeah, you want to make sure that you that you're
19:21
Speaker 4: on the right thing.
19:22
Speaker 6: Yeah.
19:22
Speaker 3: One thing I would that's interesting as far as the
19:25
Speaker 3: roth goes with with paying taxes now being deferred later,
19:28
Speaker 3: is that also like a strategy if there's some uncertainty
19:33
Speaker 3: on future tax rates and stuff like that, like you know,
19:35
Speaker 3: the you know the devil now, you may not know
19:36
Speaker 3: the devil in the future type.
19:38
Speaker 5: Yeah, I mean there are lots of lots of reasons
19:40
Speaker 5: like that that people may look to the roth Ira.
19:43
Speaker 5: I mean, it's pretty powerful and there's no doubt about it,
19:46
Speaker 5: and and it also works into some of the other,
19:50
Speaker 5: uh things that we're going to talk about today. Uh
19:53
Speaker 5: But but yeah, so rath Ira is pretty powerful because
19:58
Speaker 5: compound interest is so powerf so you know, if your
20:01
Speaker 5: dollar goes to ten dollars in value over the time
20:04
Speaker 5: that whole ten dollars is tax free. You know, that's
20:08
Speaker 5: that's amazingly powerful when you're saving for retirement to avoid
20:13
Speaker 5: the taxation of that.
20:14
Speaker 3: I remember you did a whole show in the row
20:15
Speaker 3: at one point in time, and some of the fact
20:17
Speaker 3: finding that you did and some numbers that we looked
20:19
Speaker 3: at and stuff like that.
20:20
Speaker 4: It's incredible. Yeah, and it's really incredible.
20:22
Speaker 3: I mean it's and they even had to put some
20:24
Speaker 3: card rails wanted at one point in time because it
20:26
Speaker 3: was so good.
20:26
Speaker 4: And it's still great.
20:27
Speaker 5: Yeah, yeah, I mean there are income limits that you know,
20:30
Speaker 5: you can't contribute after a certain income level because of that, right,
20:34
Speaker 5: so you know all of these things we talk about,
20:37
Speaker 5: there are some uh parameters around it that you may
20:40
Speaker 5: or may not be able to do some of these
20:42
Speaker 5: things depending on your income. The second thing about a
20:45
Speaker 5: raw or an I RA that that is confusing a
20:49
Speaker 5: lot of times is married couples. They have a misconception
20:56
Speaker 5: that it can be it should be a joint account
20:58
Speaker 5: because they are married. Well, the IRA it stands for
21:02
Speaker 5: individual retirement account, not a marital account. It's an individual
21:06
Speaker 5: account that an individual opens. Now, the spouse is the
21:11
Speaker 5: beneficiary can be the beneficiary of that IRA, and because
21:15
Speaker 5: it's a spouse, if one spouse passes away, the other
21:20
Speaker 5: inherits it, it basically becomes like it's there and treat
21:25
Speaker 5: their IRA and treated the same way as if it
21:27
Speaker 5: were theirs. So in effect, it's it's almost like it's
21:30
Speaker 5: a joint account, but you technically cannot put a joint
21:35
Speaker 5: owner on an IRA account. And there's some confusion of
21:38
Speaker 5: that as well, because you know, obviously married couples generally
21:42
Speaker 5: want to put everything in joint name.
21:45
Speaker 3: Yeah, and on some things I've noticed when you foul
21:48
Speaker 3: that I've for entrance purposes and stuff, they make you
21:52
Speaker 3: like if you don't fil a particular way jointly and
21:54
Speaker 3: things like that, you might have in your head that
21:56
Speaker 3: you have to do that, and you need to just
21:57
Speaker 3: be aware as you're doing these PaperWorks. These things mean
21:59
Speaker 3: different things before we take the break. Of course, if
22:03
Speaker 3: we're talking about an our A and with investment tools
22:07
Speaker 3: like that, that also means that the flip side of that,
22:10
Speaker 3: they come with rmds, you are required to minimum withdraws
22:15
Speaker 3: from these every once in a while. How does that
22:16
Speaker 3: work as far as these different products go.
22:19
Speaker 5: Well, the age of that has changed over the last
22:22
Speaker 5: handful of years. It used to be seventy and a
22:23
Speaker 5: half and now it's age seventy three. So at age
22:26
Speaker 5: seventy three, if you have tax deferred money in iras
22:30
Speaker 5: things of that nature, the government forces you to begin
22:35
Speaker 5: to take an income stream off of it, of your
22:39
Speaker 5: traditional IRA or one K money things like that, at
22:43
Speaker 5: age seventy three, and it's based on life expectancy, and
22:45
Speaker 5: you have to take it out every year. It's basically
22:48
Speaker 5: the government saying that, hey, we allowed you to tax
22:51
Speaker 5: defer this, now it's time to you know, use it
22:55
Speaker 5: for your retirement. And essentially it's a way for them
22:58
Speaker 5: to collect the tax money do on that account. And
23:03
Speaker 5: you know a lot of folks think that, well, if
23:04
Speaker 5: I live to be one hundred, I'll have this IRA.
23:06
Speaker 5: Well probably not, because the government will force it to
23:08
Speaker 5: be taken out. And every year after age seventy three,
23:13
Speaker 5: the percentage that you have to take out grows because
23:16
Speaker 5: it's based on life expectancy.
23:19
Speaker 3: So if someone does not require that income and they're
23:22
Speaker 3: forced to take these disbursements, there's strategies then too, right.
23:27
Speaker 5: Absolutely, you know, we can open up brokerage accounts we can.
23:30
Speaker 5: We can essentially just take the money out of the ira,
23:34
Speaker 5: pay the taxes on it, move it into a brokerage account,
23:37
Speaker 5: and reinvest it. Now it's no longer a tax deferred account.
23:41
Speaker 5: But the government is not telling you you have to
23:43
Speaker 5: spend the money. The government's just telling you it's time
23:46
Speaker 5: to pay the taxes on the money. And that happens
23:49
Speaker 5: at age seventy three. And it's something that can't get
23:53
Speaker 5: complicated if you have multiple iras and multiple institutions. That's
23:58
Speaker 5: why oftentimesolks will uh, you know, come to come to
24:04
Speaker 5: me and try to consolidate things. You know, if you
24:07
Speaker 5: have four or five different i ras, then each one
24:10
Speaker 5: of those you have to take that distribution off of.
24:13
Speaker 5: And if there are four or five different places, you're
24:15
Speaker 5: doing that transaction in four or five different places. If
24:20
Speaker 5: everything is in one location, even if you have multiple
24:24
Speaker 5: iras in one location, you can calculate the aggregate value
24:32
Speaker 5: of all of those iras and just take that amount out.
24:35
Speaker 5: You might have three different iras, but take it out
24:38
Speaker 5: of one as long as you get the aggregate value
24:41
Speaker 5: taken out to pay taxes on and so you have
24:45
Speaker 5: a little bit of flexibility when you when you when
24:50
Speaker 5: you consolidate, and that's why retirement. Nearing retirement, you know,
24:55
Speaker 5: people look to get a plan together to try to
24:57
Speaker 5: streamline and simplify those things because miss those rules can
25:01
Speaker 5: mean pretty big tax penalty.
25:02
Speaker 4: Yeah, that's huge.
25:03
Speaker 3: So the distribution is off of total money, not off
25:07
Speaker 3: of individual account So if you can find a way
25:09
Speaker 3: to get the money out of however, it's most beneficial
25:12
Speaker 3: to you if you have multiple accounts. You can do
25:14
Speaker 3: that if you have them organized in such a way
25:17
Speaker 3: that you can. I mean, that's a great tip right there,
25:19
Speaker 3: because it may not everybody knows that.
25:21
Speaker 4: That's right stuff. That's great stuff.
25:23
Speaker 3: If you have questions along these lines, if you need
25:25
Speaker 3: John to help you out with any of these things,
25:26
Speaker 3: you can give us a call this morning three zer
25:28
Speaker 3: a fourth three four five fifty fifty eight, three four
25:30
Speaker 3: five fifty eight fifty eight. Or want to talk about
25:31
Speaker 3: some qcds and some TODs and plenty more when we
25:34
Speaker 3: come back, give us a call three four five fifty
25:36
Speaker 3: eight fifty eight. You're listening to a retire right radio.
25:38
Speaker 3: Joen Bredatis here from fourth Avenue Financial. I'm del Cooper
25:41
Speaker 3: and this is five ADWCHS the Voice of Charleston retire.
25:44
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Speaker 7: COL Advisors are unaffiliated entities. The opinions expressed by John
26:00
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26:02
Speaker 7: tax advice. All economic and performance information is historical and
26:06
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26:09
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26:12
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26:14
Speaker 7: purpose of avoiding US federal or state tax penalties that
26:18
Speaker 7: may be imposed on such a person, and each listener
26:20
Speaker 7: should seek advice from their tax advisor or legal console
26:24
Speaker 7: on topics that arise from the show. John Burdett is
26:26
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26:29
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26:32
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26:35
Speaker 7: for its content.
26:36
Speaker 5: What if the market drops after you retire? What if
26:38
Speaker 5: healthcare costs continue to rise? What if you outlive your savings?
26:42
Speaker 5: If these questions keep you up at night, You're not
26:44
Speaker 5: alone and you don't have to figure it out alone.
26:46
Speaker 5: I'm John bred Out with Fourth Avenue Financial and I
26:49
Speaker 5: specialize in retirement income planning. Let's turn your what ifs
26:52
Speaker 5: into a plan you can count on. Schedule your free
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Speaker 2: On Metro News Hotline.
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Speaker 5: When I was a lifeguard, I carried this radio just.
27:13
Speaker 4: For one second. I can't imagine you being a lifeguard.
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27:18
Speaker 4: Someone would be driving like, oh no, help me out,
27:20
Speaker 4: and you'd be like, well, that's up to you. I
27:22
Speaker 4: just can't imagine someone with your mannerisms being like new mannerism.
27:27
Speaker 5: I'll save the day.
27:30
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28:06
Speaker 6: So eleven minutes soil the top of.
28:08
Speaker 4: The man that goes really fast.
28:13
Speaker 6: It did.
28:14
Speaker 4: Yeah, I need to fix that. We're just grooving there.
28:16
Speaker 3: Yeah, I know, I was a little I got a
28:18
Speaker 3: little suspicious when I saw there's like five seconds left
28:20
Speaker 3: and there was no fade. I'm like, oh, this doesn't
28:22
Speaker 3: sound right. I need to go in and fix that.
28:24
Speaker 3: Thanks for tuning in this morning. This is retire Right
28:26
Speaker 3: Radio on five adwc HS, the voice of Charleston Am
28:28
Speaker 3: del Cooper.
28:29
Speaker 4: Thanks for tuning in.
28:30
Speaker 3: When this Monday morning, John Bredet is in studio with
28:31
Speaker 3: this this morning, we're talking about making sense of the
28:33
Speaker 3: alphabet soup, which is all the various things that has
28:36
Speaker 3: to do not military, although it could work for that
28:38
Speaker 3: as well. We're talking about finances this morning. We covered
28:41
Speaker 3: iras and r mds right before we went on the
28:44
Speaker 3: break that's required minimum distributions and also of course the
28:47
Speaker 3: IRA Individual Retirement accounts. We want to talk about some
28:50
Speaker 3: other things on this segment. You're welcome to give us
28:52
Speaker 3: a call if you need questions for anything answered. John
28:54
Speaker 3: can help steering in the right direction. If not help
28:56
Speaker 3: you directory three zero four, three four five fifty fifty
28:58
Speaker 3: eight three zero four three four five fifty to fifty eight,
29:01
Speaker 3: you can text three zero four non three five five
29:02
Speaker 3: zero zero eight three zero four non three five five
29:05
Speaker 3: zero zero eight is the best number that you can
29:08
Speaker 3: call us and John can help you out as far
29:11
Speaker 3: as that goes. One thing I wanted to bring up
29:14
Speaker 3: that I thought was interesting, just to kind of briefly
29:18
Speaker 3: to dip back into the AI conversation we had. I
29:20
Speaker 3: noticed for the first time that on some of our
29:23
Speaker 3: network podcasts that we're getting, we're definitely getting tons of
29:27
Speaker 3: generative downloads now right like one download, like several hundred
29:31
Speaker 3: downloads at the same period of time, one download per episode.
29:34
Speaker 3: It's it's definitely some sort of generative thing that's downloading
29:37
Speaker 3: voice training data. I have a feeling that's my guess,
29:40
Speaker 3: that's my guests, And so it's made me wonder if
29:42
Speaker 3: we need to declare as a company our stuff off limits,
29:46
Speaker 3: because you can do that now where you can go
29:48
Speaker 3: in and do copyright claims on stuff like that. So
29:51
Speaker 3: I don't know if it's better for us to let
29:52
Speaker 3: it go or to be trained on it to be
29:54
Speaker 3: on we're teaching the machines, that's what. Yeah, you know Hotline,
29:57
Speaker 3: which is the one the show that I do a
29:59
Speaker 3: day weekly in the afternoon. We have like six thousand
30:01
Speaker 3: hours available online right now. We've been doing this show
30:03
Speaker 3: for a long time and so there's a lot there
30:05
Speaker 3: you could train on. So I don't know how I
30:07
Speaker 3: feel about that. You give us a call this morning.
30:09
Speaker 3: Threes are a four three four five fifty to fifty eight.
30:10
Speaker 3: Threes are A four three four five fifty to fifteen.
30:12
Speaker 3: As we go down through some of these things that
30:14
Speaker 3: we're going to talk about, the alphabet soup and the
30:16
Speaker 3: next thing that was up on the alphabet soup was
30:20
Speaker 3: QCD QUCD, and off the top of my head, I
30:23
Speaker 3: wasn't sure what we were talking about there.
30:25
Speaker 5: Uh, yeah, that's the qualified Charitable Distribution. So essentially, and
30:29
Speaker 5: a lot of folks don't know that you can do this,
30:31
Speaker 5: but we talked about that RMD that you have to
30:34
Speaker 5: take every year. Well, that RMD that you have to
30:39
Speaker 5: take is taxable, but let's say instead you want to
30:44
Speaker 5: donate that to a charity or to a church something
30:47
Speaker 5: of that nature. You can direct that distribution directly to
30:52
Speaker 5: the charity and then there's no tax bill on it, okay,
30:56
Speaker 5: and so you're you essentially can leverage you're given. So
31:00
Speaker 5: let's say you were already tithing to your church and
31:05
Speaker 5: now you've got the r M D, Well, why wouldn't
31:07
Speaker 5: you send it directly and save the tax bill on that.
31:11
Speaker 5: Either you can give more or or you give the
31:14
Speaker 5: same and you get the tax savings. So I thinks
31:18
Speaker 5: it's a pretty powerful way to leverage your giving.
31:22
Speaker 3: And again a tool in the toolbox you may not
31:23
Speaker 3: know about or not may not know the proper way
31:25
Speaker 3: to the structure that. So you can have John help
31:27
Speaker 3: you out at Fourth Avenue Financial Fourth Avenue Financial dot com.
31:30
Speaker 3: Have a caller that called in this morning. What's your
31:32
Speaker 3: first name? I'm sorry, what was your first name?
31:36
Speaker 6: Color?
31:38
Speaker 8: Mark?
31:38
Speaker 6: Hey?
31:38
Speaker 4: Mark, how you doing this morning? You're on the air
31:40
Speaker 4: with John for debt that what's your question for Mark
31:42
Speaker 4: or for joint?
31:43
Speaker 8: So I've got a question about RMD. He said earlier
31:46
Speaker 8: that the distribution could come from just one of your funds,
31:52
Speaker 8: like one IRA, even if you had multiple iras and
31:55
Speaker 8: four to one k's. But I wanted to know if
31:57
Speaker 8: I could also take that withdrawal from a stock or
32:02
Speaker 8: something else I had that was not actually a four
32:04
Speaker 8: to one K.
32:07
Speaker 5: Well, if it has to be something that is subject
32:10
Speaker 5: to an RMD, so no, I mean if you if
32:16
Speaker 5: you have stock that you bought in what's called a
32:19
Speaker 5: non qualified account or a brokerage account that is not
32:23
Speaker 5: tax deferred or is not subject to the RMD requirements,
32:28
Speaker 5: then that would not.
32:29
Speaker 4: Count, you know.
32:31
Speaker 8: Okay, So if you if you have multiple accounts, or
32:34
Speaker 8: it can come from just one account, but it has
32:37
Speaker 8: to be the RMB has to be from one of
32:39
Speaker 8: those qualified accounts.
32:40
Speaker 4: That is correct.
32:41
Speaker 8: Yes, okay, all right, appreciate your show, Thank you very much.
32:45
Speaker 3: Sure, thank you. Appreciate the phone call. Thanks for calling
32:47
Speaker 3: in this morning. If you have a question as well,
32:48
Speaker 3: you and give us a call. It three zer a
32:49
Speaker 3: four three four five fifty to fifty eight threes are
32:52
Speaker 3: a four three four five fifty eight fifty eight. I
32:54
Speaker 3: did have a text that came in from the three
32:55
Speaker 3: zero four five eight eight as we were talking about qcds.
32:58
Speaker 3: Is QCD the same thing as a check to a
33:01
Speaker 3: charity from my ira? My accountant says, sort of, but
33:04
Speaker 3: it but not really right?
33:05
Speaker 4: Sort of.
33:06
Speaker 5: Yeah, that's a good answer. No, there is you know,
33:11
Speaker 5: specific paperwork we need to fill out with the with
33:14
Speaker 5: the IRA custodium UH to direct that and then the
33:18
Speaker 5: money typically goes straight to the straight to the charity.
33:22
Speaker 3: And then also six eight one four one two. Can
33:24
Speaker 3: I do a QCD from a wroth our A or
33:26
Speaker 3: only a traditional.
33:28
Speaker 5: Well, there's no real tax savings with the wroth to.
33:31
Speaker 4: Do Yeah, why would you do it that way?
33:33
Speaker 5: So you know you would do that on the on
33:35
Speaker 5: the traditional IRA UH to save the tax bill.
33:38
Speaker 3: So again, if this is something that is either something
33:40
Speaker 3: you're already doing and you can find a more beneficial way,
33:43
Speaker 3: or if it's something you were planning on doing in
33:45
Speaker 3: the future, this is something you need a tool. You
33:47
Speaker 3: need to learn about something right now.
33:48
Speaker 4: And with the.
33:49
Speaker 5: QCD, you know the r M d AH on the
33:52
Speaker 5: on the IRA is seventy three, but it used to
33:56
Speaker 5: be seventy and a half. Well in the government and
33:59
Speaker 5: all its wisdom has left the QCD at seventy and
34:03
Speaker 5: a half. So in theory you can give even before
34:06
Speaker 5: you're required to give, even even though the law used
34:09
Speaker 5: to not be that way. So hey, it's Congress.
34:16
Speaker 3: What can you do another thing that we have to
34:20
Speaker 3: talk about. Of course, if we're talking about if we're
34:23
Speaker 3: talking about retirement, it just so happens because basically we're
34:26
Speaker 3: talking about a near end of life situation. Close to
34:29
Speaker 3: end of life situations. When you're talking about these things,
34:32
Speaker 3: you have to talk about beneficiaries, estate planning and things
34:34
Speaker 3: like that, and ad A TOD is something that could
34:37
Speaker 3: come into play along those things.
34:39
Speaker 4: That's a transfer on death.
34:41
Speaker 5: Yes, so with your tax deferred money, your IRAS four,
34:45
Speaker 5: a WOD case, things like that. Those are those accounts
34:49
Speaker 5: automatically are beneficiary driven. If you're married, your spouse is
34:54
Speaker 5: generally going to be the beneficiary. You could have children
34:57
Speaker 5: on there as contingent beneficiaries, and if you pass away,
35:02
Speaker 5: all of that avoids probate because it's beneficiary driven. It's
35:06
Speaker 5: good to keep in mind too, when you have a beneficiary,
35:10
Speaker 5: that beneficiary will will trump any it's it's odd using
35:17
Speaker 5: that word trump. It will trump any wills or estate
35:24
Speaker 5: planning you've done. So you got to be very very
35:27
Speaker 5: careful with your beneficiaries that that matches up to any
35:33
Speaker 5: estate planning that you do. That's that's number one. And
35:36
Speaker 5: then essentially a t OD it's called a transfer on
35:40
Speaker 5: death that is where you're essentially putting beneficiary designations on
35:47
Speaker 5: your non qualified or or your taxable brokerage accounts, things
35:51
Speaker 5: of that nature, so that that way when you pass away,
35:55
Speaker 5: that avoids probate and will go directly to your beneficiary
36:00
Speaker 5: in a very smooth fashion. And you know, the more
36:04
Speaker 5: you can avoid probate, the better off, because it's red
36:07
Speaker 5: tape and hassle, and it takes time for things to process,
36:11
Speaker 5: and the TOD is certainly something that I don't know
36:18
Speaker 5: why you really wouldn't want to do it, to be honest.
36:20
Speaker 3: With you, It just cuts down I mean we've talked
36:23
Speaker 3: on this program before from yourself and also from folks
36:26
Speaker 3: you've had come on to be guest hosts, and that
36:30
Speaker 3: just the what in a state can go through and
36:32
Speaker 3: the family of that estate can go through without some
36:34
Speaker 3: kind of clear directions. This is just one of those
36:36
Speaker 3: steps that you can make to cut out some of
36:38
Speaker 3: that stuff.
36:38
Speaker 5: Yeah, and it's really a good idea, maybe once a
36:41
Speaker 5: year to look at your accounts, look at the beneficiaries,
36:45
Speaker 5: make sure that it's still what you want it to be.
36:47
Speaker 5: You know, sometimes people may pass away that were your
36:50
Speaker 5: beneficiaries you need to keep those things updated because whatever
36:54
Speaker 5: is on that that beneficiary form will be what transpires,
36:59
Speaker 5: whether you wanted two or not.
37:01
Speaker 3: We have about a minute left. We got two questions
37:03
Speaker 3: from the text line. That's get those out of here
37:05
Speaker 3: before we have to cut away from the six eight
37:06
Speaker 3: one seven eight nine. What's the downside to naming my
37:09
Speaker 3: adult kids directly as at OD or directly in the TOD.
37:13
Speaker 5: Is there any downside to that? Well, there could be
37:17
Speaker 5: downside everywhere.
37:19
Speaker 3: Yeah, oh, I'm sorry, instead of a trust, I'm sorry,
37:22
Speaker 3: I missed the second part of that, instead of a trust.
37:25
Speaker 5: Okay, okay, Well it depends on why you have the
37:29
Speaker 5: trust and what the purpose of that was. But certainly
37:32
Speaker 5: naming your individual children as TOD will avoid probate and
37:37
Speaker 5: essentially they just have to produce a death certificate to
37:41
Speaker 5: get that retitled into their name. So there's no process
37:44
Speaker 5: beyond that that's necessary. So it it just streamlines things.
37:48
Speaker 5: That's good information. As always with John Burdett from Fourth
37:50
Speaker 5: Avenue Financial, let me gohead and get the information out
37:52
Speaker 5: to you.
37:53
Speaker 3: We got through most of it. We got through most
37:55
Speaker 3: We didn't do too bad there, Yeah, not too bad
37:56
Speaker 3: at all. And for so you can find out more
37:58
Speaker 3: information about Fourth Avenue Financial online at Fourth Avenue Financial
38:01
Speaker 3: dot com Fourth Anue Financial dot Com, where you spell
38:04
Speaker 3: out the whole thing their phone number. Threes are A
38:05
Speaker 3: four seven, four six seven non seven seven. Threes are
38:08
Speaker 3: A four seven four six seven done seven seven seven
38:10
Speaker 3: four six seven done seven seven. Also on Facebook, Fourth
38:13
Speaker 3: Avenue Financial you can like the page over there to
38:16
Speaker 3: be kept up to date. John, thank you so much
38:17
Speaker 3: for your time today. As always, all right, take care.
38:19
Speaker 3: We'll see you're back here next Monday. Coming up next
38:21
Speaker 3: to Dave Allen on five AD Live. I'll be back
38:23
Speaker 3: this afternoon with Dave Weekly on hotline at three oh six.
38:26
Speaker 4: Have a great day everyone.
38:27
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