Latest / WCHS Network Podcasts / 06/02/2025 Retire Right Radio with John Burdette

Transcript

06/02/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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  Speaker 1: Unlock your dream property with Meeks Realty Group, where Rich
• 0:03
  Speaker 1: the realtor makes real estate dreams a reality, whether it's
• 0:05
  Speaker 1: residential or commercial. We've got Charleston to Huntington covered. Your
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  Speaker 1: key to exceptional real estate experience is start here Meeks Realtygroup.
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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
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  Speaker 2: necessarily reflect the views and opinions of five eight WCCHS,
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  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
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  Speaker 2: that aims to answer your questions about financial planning, investing,
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  Speaker 2: and how to retire right. Fourth Avenue Financial is located
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  Speaker 2: in downtown Charleston at one seventy Court Street. More information
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  Speaker 2: online at Fourth Avenue Financial dot com. Join the conversation
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  Speaker 2: by calling three oh four three four five fifty eight
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  Speaker 2: fifty eight or text three oh four nine three five
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  Speaker 2: fifty oh eight. On retire Right Radio, let's go live
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  Speaker 2: to the studio with host Dale Cooper and John Verdett
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  Speaker 2: from forth to have any financial.
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  Speaker 3: Happy Monday to you. You made it through the weekend.
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  Speaker 3: You're listening to retire Right Radio one w c HS
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  Speaker 3: The Voice of Charleston on five eighty w s HS
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  Speaker 3: The Voice of Charleston. I'm Delkoper, Thanks so much for
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  Speaker 3: tuning in. It was a wendy weekend. There was a
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  Speaker 3: little bit of rain. Some of the weather we had
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  Speaker 3: from Thursday through Sunday or Saturday night really was just strange.
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  Speaker 3: It was much colder than what it should be seasonally speaking.
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  Speaker 3: It was windy, but this morning I wake up and
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  Speaker 3: birds are chirping, suns out. The wind's not very much.
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  Speaker 3: It looks like it's gonna be a warm week growing
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  Speaker 3: to the weekend and maybe some storms again next weekend.
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  Speaker 3: But hey, summertime, what do you wanna expect. John Breett
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  Speaker 3: is in studio with me this morning for Fourth Avenue Financial. John,
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  Speaker 3: how you doing this morning? I'm doing great. Yeah, I'm
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  Speaker 3: I hate to always open up the show talking about weather,
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  Speaker 3: but I'm an old man, so you're you're we're allowed
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  Speaker 3: to talk about weather a little bit. It was beautiful
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  Speaker 3: this morning, Yeah, I agree, Yeah, it was nice. It
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  Speaker 3: was just nice to walk outside. I spent all day yesterday,
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  Speaker 3: or a lot of yesterday outside anyway. But you know,
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  Speaker 3: we had the Centronado account all out with our chairs
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  Speaker 3: and stuff. We kept on blowing out and you know,
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  Speaker 3: it's Wendy. It was a nice day out. But when
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  Speaker 3: you're out having coffee and maybe a little snack or
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  Speaker 3: something in playing with the kid, things that get Wendy
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  Speaker 3: disrupt that just.
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  Speaker 4: It almost feels like we're a month behind in.
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  Speaker 3: The Definitely does it, definitely does. It feels like that
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  Speaker 3: right now. So hopefully with June first we get some
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  Speaker 3: June weather and things start warming up just a little bit.
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  Speaker 3: What they say, I know it to day's a second.
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  Speaker 4: And recap on the market, getting back to the seasonality
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  Speaker 4: of it. The selling may and go away did not happen.
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  Speaker 4: You know, we're of about six percent for the months.
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  Speaker 3: And it's funny how those old the old saying sometimes
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  Speaker 3: that they're right when they're right, but sometimes they're not right.
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  Speaker 4: It doesn't mean somebody just coined a fancy phrase.
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  Speaker 3: It sounded good, right, yeah, right, And like it's like
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  Speaker 3: marketing or viral. Hey, if you have any questions this
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  Speaker 3: morning about your retirement, how you can retire, rte some
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  Speaker 3: questions about investing or how you can structure your life
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  Speaker 3: so you can get to the back end of things
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  Speaker 3: and be ready to go. You can give us a
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  Speaker 3: call this morning. John can help put you in the
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  Speaker 3: right in the right direction, answer some questions directly, and
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  Speaker 3: also maybe up something with you to meet later on
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  Speaker 3: to give you some great advice one on one, and
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  Speaker 3: you give us a call this morning. If you want
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  Speaker 3: to talk to John three zero four three four five
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  Speaker 3: fifty eight fifty eight three zer a four three four
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  Speaker 3: five fifty eight fifty eight, you can text three zero
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  Speaker 3: four non three five five zero zero eight three zero
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  Speaker 3: four non three five five zero zero eight. You can
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  Speaker 3: find out more information on nine it's fourth Avenue Financial
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  Speaker 3: dot com. You spell out the whole thing fourth Avenue
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  Speaker 3: Financial dot Com. Also on Facebook you can do that
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  Speaker 3: same that same search. So, as you mentioned, it wasn't
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  Speaker 3: May and go away, the mark was actually up during
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  Speaker 3: the month of May, despite volatility and some choppiness and
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  Speaker 3: things like that. Generally speaking, it's been going up a
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  Speaker 3: little bit of this whirlwind snap back and forth between
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  Speaker 3: tariffs and no tariffs. Yes, tariffs, half tariffs, full tariffs,
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  Speaker 3: quarter tariffs, whatever. But the market prevails. Market prevailis I
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  Speaker 3: thought you were going to bring up the taco No,
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  Speaker 3: it's not my place to do that. I mean, I
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  Speaker 3: mean that's you know, it is what it is. People
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  Speaker 3: know what's going on and you don't have to.
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  Speaker 4: Yeah, yeah, No, you know, the market is uh handled
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  Speaker 4: handled it pretty well after the initial shock. I mean,
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  Speaker 4: we're not quite flat for the year. The dowd's down
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  Speaker 4: about half a percent or so, but we're getting we're
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  Speaker 4: getting back to uh to where we started.
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  Speaker 3: Anyway, are we finding ourselves creating kind of a baseline
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  Speaker 3: And although that's going to be a spectrum of normal
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  Speaker 3: c as far as like the whirlwind tariff, yes, and
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  Speaker 3: no type thing, is there like a baseline that's being
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  Speaker 3: baked in right now where there's a little bit of
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  Speaker 3: sort of craziness that's expected, like, hey, the administration is
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  Speaker 3: going to say some stuff. We just got to kind
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  Speaker 3: of carry on. Yeah.
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  Speaker 4: I think that that the longer that type of uncertainty
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  Speaker 4: he grows and there's always the snap back, the less
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  Speaker 4: way the market will put on every news story because
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  Speaker 4: it obviously hasn't paid to uh to panic out on news.
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  Speaker 4: You know, certainly we don't know where this tariff battle
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  Speaker 4: will end. But I think when you think of, you know,
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  Speaker 4: what are the expectations, I think most people are thinking
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  Speaker 4: that by and large things will be negotiated out to
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  Speaker 4: a reasonable outcome with most nations, maybe with the.
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  Speaker 3: Exception of China.
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  Speaker 4: I think that's kind of the case scoring forward.
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  Speaker 3: Now, how that.
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  Speaker 4: Looks and what news pops up between now and then,
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  Speaker 4: I don't know.
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  Speaker 3: And we're not near ninety deals yet and we're coming
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  Speaker 3: up on ninety days, right, So we'll we'll see how
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  Speaker 3: We'll see how that shakes out. I guess there might
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  Speaker 3: be a stuff embargo that we don't know about. It's
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  Speaker 3: hard to tell as far as far as those things go.
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  Speaker 4: Well, we'll see what happens. But you know, we'll just
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  Speaker 4: keep calm and carry on.
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  Speaker 3: And the thing is as weird as it is to
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  Speaker 3: sort of talk about, like specifically the market, because there's
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  Speaker 3: odd things that we haven't necessarily seen, as far as
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  Speaker 3: the pressure is from from political devices, administration, different things
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  Speaker 3: like that. But the bottom line is is the same
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  Speaker 3: advice that you've been giving for years and years and
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  Speaker 3: years and years at the beginning of this whole mess
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  Speaker 3: with the terror for releases several months ago, or on
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  Speaker 3: the other side of COVID or anything else. If you
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  Speaker 3: listen to the advice, it works. Still despite what everything
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  Speaker 3: else happens, it works markets up again, you know. I mean,
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  Speaker 3: it just that's the way that it happens.
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  Speaker 4: I mean basically, if your patient and you own companies
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  Speaker 4: that earn money every single day, how does the owner
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  Speaker 4: lose in that situation? If you're patient, it's difficult to do.
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  Speaker 4: And corporate profits are are at record highs, I mean,
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  Speaker 4: you know, the tech profits, everything is coming in, you know,
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  Speaker 4: kind of where it needs to be to support the values.
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  Speaker 3: I think that I think sometimes that when you have
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  Speaker 3: when there's such a crossover of sort of our zeitgeist
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  Speaker 3: of the day, you know, when all of these and
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  Speaker 3: not just like Elon Musk or somebody who's very famous
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  Speaker 3: in the tech world, but I mean Sam Altman's name
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  Speaker 3: is nearly household for the open AI stuff, and Peter Thiel,
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  Speaker 3: who is a big mover behind the scenes, but he
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  Speaker 3: started in the tech industry and getting things like when
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  Speaker 3: you start having these things that cross over. Sometimes you
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  Speaker 3: see coverage on an individual and how that stuff kind
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  Speaker 3: of blends in with politics and the market and everything else,
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  Speaker 3: and you tend to think that it's indicated of like
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  Speaker 3: quote unquote the economy or the market it's not necessarily
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  Speaker 3: those individual individual actions don't necessarily affect those things either
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  Speaker 3: on a broad scale. So I think people sometimes substitute
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  Speaker 3: headlines that they're seeing on individuals even for what's happened
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  Speaker 3: in the economy or what's happening in the market or
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  Speaker 3: something like that. Cause things generally speaking have been looking
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  Speaker 3: pretty good despite the turmoil and headlines or anything else.
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  Speaker 3: Things have still been continuing, just as John talks about,
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  Speaker 3: and as we do on the show, despite some volatility,
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  Speaker 3: people find ways to make money. Earnings come in and
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  Speaker 3: a companies profit.
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  Speaker 4: And outside of the headlines, seventy percent, roughly of our
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  Speaker 4: economy is based on the consumer consumer spending, and those
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  Speaker 4: are very local decisions. Those are decisions that you make
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  Speaker 4: yourself and within your family, and that makes up the
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  Speaker 4: vast majority of the economy. Unless we all change our
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  Speaker 4: habits drastically, you know, it take a pretty big news
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  Speaker 4: story to break all those habits that we formed in
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  Speaker 4: the way we live our daily lots.
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  Speaker 3: Yeah, that's a that's a great point as well. Any
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  Speaker 3: questions you have about how you can retire right this morning,
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  Speaker 3: about general practices or strategies, you can give John a call.
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  Speaker 3: This morning three zero four, three four five fifty eight
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  Speaker 3: fifty eight. We're gonna talk a little bit this morning.
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  Speaker 3: Our main topic is we're going to kind of fine
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  Speaker 3: tune your knowledge and exactly what is a four oh
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  Speaker 3: one k. You know, a lot of people think as
• 8:30
  Speaker 3: far as four one K goes, well, you know, it's
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  Speaker 3: been around for decades, and it's everybody knows what it is.
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  Speaker 3: That's necessarily true. I mean, I guess it has been
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  Speaker 3: decades now. But this isn't something that's like been institutional
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  Speaker 3: in the in the United States for you know, for
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  Speaker 3: sixty years or something. This is a relatively relatively new
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  Speaker 3: investment tool when you considered it against all things that
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  Speaker 3: sort of replaced pensions to some degree during a.
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  Speaker 4: And you also have the fact that you're always taught
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  Speaker 4: how to save. You know, you should be saving, you
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  Speaker 4: should be saving. That's kind of beat into your frank.
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  Speaker 3: To save my story, save money, just dump money in
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  Speaker 3: a savings account.
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  Speaker 4: Right, right, So that that is kind of ingrained in you.
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  Speaker 4: But then you get through retirement, what do you do?
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  Speaker 4: What are the options? And that's where a lot of
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  Speaker 4: confusion comes in.
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  Speaker 3: And and also there's a weird ambiguity sometimes with a
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  Speaker 3: four one K that some people think they have to
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  Speaker 3: do much less work than what they should be doing,
• 9:19
  Speaker 3: and some people think they have to do a lot
• 9:20
  Speaker 3: more work and what they should be doing. There's sort
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  Speaker 3: of a there's a thing that you should do and
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  Speaker 3: the thing that you can be as a good steward
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  Speaker 3: of your own of your own finances. You don't want
• 9:28
  Speaker 3: to tweak your four O one K weekly. You don't
• 9:30
  Speaker 3: want to go in there and mess around with allocations
• 9:32
  Speaker 3: or the number one. It could get expensive because you
• 9:33
  Speaker 3: can actually get charged with that kind of thing if
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  Speaker 3: you do it enough. But also you never if you
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  Speaker 3: do that a bunch, you can never get a baseline
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  Speaker 3: of what you're doing or anything else. Generally speaking, with
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  Speaker 3: a four to one K, it's not guaranteed money, but
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  Speaker 3: it is money that's shown over time that if you're
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  Speaker 3: I mean, all of these things do are basically mutual funds,
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  Speaker 3: and these funds are managed by people that know how
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  Speaker 3: to make money. Generally speaking, if you select mutual funds
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  Speaker 3: that work in your four to one K and you
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  Speaker 3: put it in there over the long course of time,
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  Speaker 3: they're going to work out for you.
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  Speaker 4: Yeah, and you know when you're putting money in. A
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  Speaker 4: lot of times folks have this fear that aren't familiar
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  Speaker 4: with the market because sometimes a four oh one K
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  Speaker 4: is the only exposure folks have to the stock market
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  Speaker 4: and the ups and downs of the stock market. You know,
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  Speaker 4: they're not investing anywhere else.
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  Speaker 3: Oftentimes, Yeah, they say their mutual fund as the market
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  Speaker 3: or as a stock, when really it's a you know,
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  Speaker 3: it's a bunch of together.
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  Speaker 4: So this this concept of oh, that's that's dangerous, I
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  Speaker 4: could lose everything. Well, you're you are inside that four
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  Speaker 4: oh and K. You're picking funds that each of those
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  Speaker 4: funds own hundreds of companies. You know, the concept of
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  Speaker 4: I'm going to lose everything is it's just a fear thought.
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  Speaker 4: You know, if if that were to happen, basically life
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  Speaker 4: as we know it would be over.
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  Speaker 3: Because these things are structured for that not to happen.
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  Speaker 4: I mean, that's the whole correct I mean, you own pieces,
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  Speaker 4: hundreds of small pieces of of the biggest companies in
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  Speaker 4: the world when you diversify in your four oh one K.
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  Speaker 4: So that fear thought is something that has frequently had
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  Speaker 4: when people are first getting exposure to the market. Oftentimes
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  Speaker 4: through that four oh one k, and and so does
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  Speaker 4: is it guaranteed money? No, it's not like putting it
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  Speaker 4: in a CD or a savings account when you do that.
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  Speaker 4: But it's ownership of companies that are serving us every
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  Speaker 4: day and over time that is proven to be a
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  Speaker 4: way to grow your wealth. You can invest inside that
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  Speaker 4: four oh one k in lots of different ways. You
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  Speaker 4: have a menu of funds generally to choose from. So
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  Speaker 4: if you want to be more conservative, you certainly can
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  Speaker 4: do that within that four oh one K. But the
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  Speaker 4: younger you are, you know, the most return is generally
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  Speaker 4: going to be happen when you take take on some
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  Speaker 4: of that volatility risk of the market, because long term,
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  Speaker 4: the market finds its way to higher ground. It's you
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  Speaker 4: can't look at a chart of the market and give
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  Speaker 4: it enough time horizon and see it where it hasn't
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  Speaker 4: reached higher highs. It just does because companies are always
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  Speaker 4: innovating and coming up with new products and growing their earnings.
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  Speaker 3: Although having someone customize you know, taking I know that
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  Speaker 3: you run assessments with folks and when you do interviews
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  Speaker 3: and you determine what their risk aversion might be in
• 12:23
  Speaker 3: different things like that, and I would highly recommend anybody
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  Speaker 3: who really wants to be secure in their retirement that
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  Speaker 3: you contact Johnny. You do this the right way. However,
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  Speaker 3: some people if they're setting up their four one K
• 12:31
  Speaker 3: for the first time or they're getting into this, you know,
• 12:34
  Speaker 3: most of these it's all websites now, So most of
• 12:37
  Speaker 3: the time you go into a website and they give
• 12:38
  Speaker 3: you tools. So they ask you a few little questions.
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  Speaker 3: You can select those and they give you recommendations of
• 12:43
  Speaker 3: what they suggest that you could get started with. Is
• 12:46
  Speaker 3: that generally, do you think a good starting point? Can
• 12:48
  Speaker 3: you select through some of the things that they recommend
• 12:50
  Speaker 3: to you and at least to get a baseline, and
• 12:52
  Speaker 3: then maybe later on, especially if you're just started out,
• 12:55
  Speaker 3: they maybe you can come to john or a professional
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  Speaker 3: and be like, Okay, this is what I have so far,
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  Speaker 3: what can we do with this? Yeah?
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  Speaker 4: Absolutely, I mean most of the four one ks now
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  Speaker 4: have choices that are almost management for me choices. Sometimes
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  Speaker 4: they are risk based or even age based funds that
• 13:14
  Speaker 4: are designed to be more aggressive while you're young and
• 13:18
  Speaker 4: get more conservative as you get closer to retirement. If
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  Speaker 4: you don't want to fool with the market, if you
• 13:23
  Speaker 4: don't want to think about it. Those can be great
• 13:25
  Speaker 4: options you're getting in there. There's professional kind of oversight
• 13:32
  Speaker 4: on the allocation. It adjusts it for you. You don't
• 13:35
  Speaker 4: have to do anything, and then your only job at
• 13:38
  Speaker 4: that point is to get the money in. And those
• 13:44
  Speaker 4: type of funds will over time move you, move you
• 13:48
  Speaker 4: towards your goal without thinking too much about it. And
• 13:52
  Speaker 4: now certainly you know, you know if you want to
• 13:54
  Speaker 4: be active, you can. You'll pick your own funds and
• 13:59
  Speaker 4: try to out. But if you're going to do that,
• 14:02
  Speaker 4: you need to be sure you keep it balanced and
• 14:05
  Speaker 4: do the work, you know. I think the vast majority
• 14:11
  Speaker 4: of people find their way into those quote manage it
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  Speaker 4: for me type funds.
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  Speaker 3: Now, I've played around with them, and i've at once
• 14:20
  Speaker 3: upon a time I used to like to, oh, let
• 14:22
  Speaker 3: me go, like I had one one portion set aside
• 14:26
  Speaker 3: that I would go in and play around with or whatever.
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  Speaker 3: This was years and years ago. But I don't do
• 14:29
  Speaker 3: any of that stuff anymore. I haven't set basically to
• 14:32
  Speaker 3: one amount. One thing that I think that's interesting though,
• 14:34
  Speaker 3: that depending on the site that you use or who
• 14:37
  Speaker 3: you're for, what Cay Provider is or anything like that.
• 14:39
  Speaker 3: If you ever wanted to kind of make a disambiguous
• 14:42
  Speaker 3: some of the terms that are used, some of the
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  Speaker 3: calculations that are using. This is the thing where maybe
• 14:46
  Speaker 3: it gives you a good starting point to give John
• 14:48
  Speaker 3: a call and to figure out exactly what you need
• 14:50
  Speaker 3: to do with retirement. If you're like if you're like mine,
• 14:51
  Speaker 3: if you start looking around at these numbers, if if
• 14:54
  Speaker 3: at a baseline, especially since these things don't really know you,
• 14:58
  Speaker 3: you can set up what you think is okay, well,
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  Speaker 3: this is what my retirement's going to be. And it's like, okay,
• 15:02
  Speaker 3: well you're going to be three thousand dollars a month
• 15:04
  Speaker 3: short of what you need to live. And you're like, what, well,
• 15:07
  Speaker 3: this is what I can do right now. What does
• 15:08
  Speaker 3: that mean? I don't know, I can't put any more
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  Speaker 3: in right now. Does that mean I'm not gonna be
• 15:12
  Speaker 3: able to live when I retire. Well that's where you
• 15:14
  Speaker 3: can get John to help you out on stuff like this,
• 15:16
  Speaker 3: or at least to define exactly what it means, because
• 15:18
  Speaker 3: this is just an algorithm that's spitting back a result
• 15:20
  Speaker 3: based off of basically binary choices on numbers you need
• 15:24
  Speaker 3: for If you're worried about this sort of thing, This
• 15:25
  Speaker 3: is where John and and having somebody that's actually an
• 15:28
  Speaker 3: expert can help you work through this. If you're late starting,
• 15:31
  Speaker 3: or if you want to make sure you're starting right,
• 15:32
  Speaker 3: any spectrum that's in between those things, those numbers can
• 15:35
  Speaker 3: look a little intimidating when you're looking at him, You're like,
• 15:38
  Speaker 3: you mean, in the future, I'm not going to have
• 15:39
  Speaker 3: enough money? Or what do you mean I need to
• 15:40
  Speaker 3: put in X amount that's way more than I can
• 15:42
  Speaker 3: put in starting right now. I mean, those are some
• 15:44
  Speaker 3: questions that you might have for yourself, and that's where
• 15:47
  Speaker 3: you might want to tap into an expert to help
• 15:48
  Speaker 3: you through.
• 15:49
  Speaker 4: Yeah, as a good example, you know those algorithms that
• 15:53
  Speaker 4: spit out, hey, you're on track for to achieve sixty
• 15:57
  Speaker 4: percent of your retirement. You know that doesn't know things like, oh,
• 16:01
  Speaker 4: but my house will be paid off before I retire.
• 16:05
  Speaker 4: You know all kinds of factors that go in there
• 16:07
  Speaker 4: that will adjust how much money you need to retire.
• 16:10
  Speaker 4: So so all of those things are are their guide
• 16:13
  Speaker 4: posts to kind of give you an idea of of
• 16:16
  Speaker 4: where you might be. But you know, everybody's different, every
• 16:20
  Speaker 4: individual situation is different.
• 16:22
  Speaker 3: And of course, as you're making your choices on your
• 16:23
  Speaker 3: four oh one K and you're learning a little bit
• 16:25
  Speaker 3: about that. You want to you want to understand exactly
• 16:27
  Speaker 3: what it is that your report your employer does do.
• 16:30
  Speaker 3: You want to find out what their matches, what their
• 16:32
  Speaker 3: system is behind matching. You want to make sure that
• 16:35
  Speaker 3: you know and take advantage of everything your employer offers
• 16:38
  Speaker 3: you as a benefit. That's why they're called benefits. You know,
• 16:41
  Speaker 3: make sure that you're taking advantage of all of the
• 16:43
  Speaker 3: things that your employer offers you. Because some folks, I think,
• 16:46
  Speaker 3: maybe again not knowing exactly what some of the details
• 16:50
  Speaker 3: are there, they leave something on the table sometimes when
• 16:52
  Speaker 3: they think their employers, oh well, my employer takes care
• 16:55
  Speaker 3: of that. It's all it's all through work, right.
• 16:57
  Speaker 4: Yeah. So there are certainly rules that an employer has
• 16:59
  Speaker 4: to f when they deliver an offer a for a
• 17:03
  Speaker 4: one K plan, So the fun choices, for instance, you know,
• 17:08
  Speaker 4: they're required to offer the whole spectrum of risk to
• 17:13
  Speaker 4: reward in some fashion in that fund. So you have
• 17:17
  Speaker 4: to have fixed income funds, you have to have bond funds,
• 17:20
  Speaker 4: you have to have various types of stock funds international
• 17:23
  Speaker 4: so you have to be offered those choices inside that
• 17:27
  Speaker 4: for a one K plan, that's the employer's responsibility. The
• 17:31
  Speaker 4: employer can elect a match. Some companies offer more match
• 17:37
  Speaker 4: than others. But certainly if your company has a match,
• 17:41
  Speaker 4: I would encourage you to take advantage of it free
• 17:44
  Speaker 4: money that is out there. Some employers go above and
• 17:49
  Speaker 4: beyond the match and will do profit sharing and other
• 17:52
  Speaker 4: things on top of that. So it's important to know
• 17:56
  Speaker 4: what your employer is offering you as a benefit and
• 17:59
  Speaker 4: take full advantage of that. Like you say, sometimes you
• 18:04
  Speaker 4: know folks are like, well I don't want I don't
• 18:06
  Speaker 4: want my employer to control things. Well, your account is
• 18:10
  Speaker 4: your account.
• 18:11
  Speaker 3: They're just sending money to it basically, I mean, and
• 18:13
  Speaker 3: then they give you access to it through that correct.
• 18:16
  Speaker 4: I mean, it's part of it is part of the
• 18:17
  Speaker 4: employer plan, but it's your account when you put that money.
• 18:21
  Speaker 3: If you left, you could take them, you could take
• 18:23
  Speaker 3: it for one K with you.
• 18:24
  Speaker 4: Yes, And and generally the match is is is vested.
• 18:29
  Speaker 4: There can be certain parts that are not uh fully
• 18:33
  Speaker 4: vested immediately, but you know there again that that's things
• 18:38
  Speaker 4: you need to understand when you when you start a
• 18:41
  Speaker 4: new job, even when you're thinking about taking a job
• 18:43
  Speaker 4: what are the benefits?
• 18:44
  Speaker 3: This is an important part of that. And this is
• 18:46
  Speaker 3: a kind of a weird different discussion. I think when
• 18:48
  Speaker 3: it comes to employment as somebody that hires a lot
• 18:50
  Speaker 3: of a lot of folks, and I've hired my share
• 18:53
  Speaker 3: of younger folks over time, one of the things that
• 18:56
  Speaker 3: that is and I'm sure I was. I'm positive I
• 18:59
  Speaker 3: was like this when it came to benefits because for
• 19:01
  Speaker 3: years and years of years I always declined benefits, you know,
• 19:03
  Speaker 3: because I was like, hey, I can self insuran when
• 19:05
  Speaker 3: was affordable to do so, you know, I used to
• 19:07
  Speaker 3: do that when I was younger. But a lot of
• 19:09
  Speaker 3: folks anymore don't understand the I think maybe don't understand
• 19:13
  Speaker 3: the actual cash value of some of these benefits sometimes
• 19:16
  Speaker 3: when like benefits are considered cheap, like, they don't look
• 19:19
  Speaker 3: at that as part of the salary slash benefit of
• 19:22
  Speaker 3: the job that they're getting positioned to be Because if
• 19:24
  Speaker 3: you have an employer that's giving you paying for a
• 19:27
  Speaker 3: good amount of your insurance and giving you a match
• 19:29
  Speaker 3: and things like that, suddenly those thousands of dollars on
• 19:32
  Speaker 3: top of what your paycheck salary is is actually pretty substantial.
• 19:35
  Speaker 3: And I think that a lot of times folks kind
• 19:37
  Speaker 3: of just look at the bottom line what they want
• 19:39
  Speaker 3: to walk away with and not realize the stuff that's
• 19:41
  Speaker 3: going on behind the scenes. Is your medical taking care of,
• 19:43
  Speaker 3: how much of it's taking care of, how much of
• 19:45
  Speaker 3: your retirement's being helped, and things like that. Those are
• 19:47
  Speaker 3: all things that are very important for especially for young
• 19:50
  Speaker 3: earners that are first getting jobs. You know, it's not
• 19:52
  Speaker 3: always just the bottom line.
• 19:53
  Speaker 4: No, no, I mean those are the four oh one
• 19:56
  Speaker 4: K match for instance, that is.
• 19:58
  Speaker 3: Huge thousands of year. Yeah, thatends, it's.
• 20:00
  Speaker 4: A year that that equal hundreds of thousands of in
• 20:04
  Speaker 4: retirement potentially more. You know, that's a major benefit to
• 20:11
  Speaker 4: take advantage of. And and if you don't, you're just
• 20:14
  Speaker 4: leaving money on the table and you're making your job
• 20:17
  Speaker 4: of securing your retirement in the future that much more difficult.
• 20:20
  Speaker 3: So let's talk. Uh, let's go ahead and take a break.
• 20:22
  Speaker 3: When we come back, we're going to talk about a
• 20:24
  Speaker 3: lot more stuff. We're going to talk about other things
• 20:26
  Speaker 3: that you should do. Hey, are you okay with just
• 20:28
  Speaker 3: a four one K sho you look into other things
• 20:30
  Speaker 3: that you can get into some of the dispersements and
• 20:32
  Speaker 3: things like that. When it comes to a mood around
• 20:34
  Speaker 3: your four to one K. What happens when we have
• 20:36
  Speaker 3: a calamity like we've had through the tariffs or through
• 20:39
  Speaker 3: COVID before that? Does that mean you should dip out
• 20:41
  Speaker 3: all kinds of good questions that John's going to approach
• 20:44
  Speaker 3: when we come back, and your questions as well. If
• 20:46
  Speaker 3: you want to lean in, you're more than welcome to
• 20:47
  Speaker 3: give us a call this morning three zero four three
• 20:49
  Speaker 3: four five fifty eight fifty eight. Get on an air
• 20:51
  Speaker 3: with Jon Bradet from Furth Avenue Financial. He can help
• 20:53
  Speaker 3: you retire right three zero four three four five fifty
• 20:56
  Speaker 3: eight fifty eight. We'll got to take a break and
• 20:57
  Speaker 3: be back after this. You're listening to retire Right Radio.
• 20:59
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• 21:02
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• 21:17
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• 21:20
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• 21:45
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• 22:33
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• 22:36
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• 22:53
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• 22:57
  Speaker 2: Avenue Financial. Taking your call said three oh four three
• 23:01
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• 23:04
  Speaker 2: oh four nine three five fifty oh eight.
• 23:14
  Speaker 3: You're listening to retire Right Radio one five ewcchs the
• 23:20
  Speaker 3: voice Charles, and thanks so much for tuning in this morning.
• 23:25
  Speaker 3: I wake up. It's just a little bit. Yeah, there
• 23:27
  Speaker 3: we go. Yeah, not too bad. Extra long bumper, Yeah,
• 23:29
  Speaker 3: not bad. John bur Dada is here from Fourth Avenue Financial,
• 23:31
  Speaker 3: you're welcome to us to call this morning three zero
• 23:32
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• 23:34
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• 23:36
  Speaker 3: to three zero four non three five five zero zero eight.
• 23:38
  Speaker 3: I want to talk just briefly, not briefly. We are
• 23:41
  Speaker 3: talking about four one ks this morning, but this one
• 23:43
  Speaker 3: we've touched on before, but I just wanted to get
• 23:45
  Speaker 3: it out there as kind of a progression of what
• 23:47
  Speaker 3: we're talking about. As far as you have a job,
• 23:49
  Speaker 3: you have a four to one K, that's great. You know,
• 23:51
  Speaker 3: you could probably look into some diversification in other and
• 23:54
  Speaker 3: other investment options as your as your retirement goals get
• 23:58
  Speaker 3: a little bit more mature.
• 24:00
  Speaker 4: Yes, and certainly there can be reasons for that. I mean,
• 24:04
  Speaker 4: certainly your four oh one K is you is your
• 24:06
  Speaker 4: go to place. If you have the match, you've got
• 24:08
  Speaker 4: to contribute up to the match. Then you really have
• 24:10
  Speaker 4: a choice after that, how do you want to save
• 24:12
  Speaker 4: for your retirement? You can do an IRA. A lot
• 24:16
  Speaker 4: of folks don't know that you can have a four
• 24:18
  Speaker 4: oh one K and an IRA and make contributions to both.
• 24:24
  Speaker 4: There are certainly limits of.
• 24:26
  Speaker 3: What you can do. But but you know, some fune
• 24:30
  Speaker 3: has that going to one. I'm very proud of him.
• 24:32
  Speaker 3: He has a real good job going on with that. Yeah.
• 24:34
  Speaker 4: So, so like the match in your four oh one K,
• 24:36
  Speaker 4: that is a traditional typically that's going to be traditional
• 24:40
  Speaker 4: type treatment, like a traditional IRA where you save taxes
• 24:45
  Speaker 4: today and you pay them later. But you could also
• 24:48
  Speaker 4: do a row IRA outside of your four oh one K,
• 24:52
  Speaker 4: where you don't save taxes now, but it's tax free later.
• 24:56
  Speaker 4: You know, having things like that gives you options when
• 25:00
  Speaker 4: you retire to kind of stage your taxes in a
• 25:04
  Speaker 4: way that's more beneficial to you if you have both treatments.
• 25:09
  Speaker 4: You know, the four oh one K that's taxable when
• 25:14
  Speaker 4: it comes out. I mean you can't get around that. Also, eventually,
• 25:18
  Speaker 4: what if you don't need that four o one K.
• 25:20
  Speaker 4: Maybe you've saved it and you don't need the income
• 25:23
  Speaker 4: from it because you've done something else along the way,
• 25:26
  Speaker 4: maybe have a rental property or something. At age seventy three,
• 25:31
  Speaker 4: you have to start taking distributions of those tax deferred funds.
• 25:35
  Speaker 4: The ROTH doesn't have that requirement because it's tax free
• 25:39
  Speaker 4: at the end. The government doesn't force you to take
• 25:41
  Speaker 4: it out because they don't get any tax money out
• 25:44
  Speaker 4: of the deal. So having multiple types of assets and
• 25:50
  Speaker 4: taxation gives you options in the future. You know, you
• 25:54
  Speaker 4: can also invest A lot of folks don't know this,
• 25:57
  Speaker 4: but you can open a brokerage account. It has no
• 25:59
  Speaker 4: tax you know, deferral or anything like that. It's just
• 26:04
  Speaker 4: a it's just a taxable investment account that you can
• 26:07
  Speaker 4: buy the same types of investments in and those don't
• 26:11
  Speaker 4: have the requirements of age fifty nine and a half
• 26:14
  Speaker 4: to access your retirement money. So if you're somebody that says,
• 26:17
  Speaker 4: you know, I'd like to retire early, I'm going to
• 26:20
  Speaker 4: save save big, and I'm going to target you know,
• 26:23
  Speaker 4: age fifty five to retire for instance, you might need
• 26:27
  Speaker 4: some money outside of traditional retirements anyway, so you can
• 26:31
  Speaker 4: meet that goal of retiring early and not having to
• 26:36
  Speaker 4: disturb your tax deferred assets pay the pre fifty nine
• 26:40
  Speaker 4: and a half penalty. So there can be all kinds
• 26:42
  Speaker 4: of reasons to supplement your four onk depending on what
• 26:47
  Speaker 4: your goals are.
• 26:48
  Speaker 3: And again that's something that it's not that those things
• 26:50
  Speaker 3: are inaccessible to a private person just looking into them,
• 26:54
  Speaker 3: but it's so much easier if you tap into somebody
• 26:56
  Speaker 3: that has the knowledge of how to structure these things,
• 26:57
  Speaker 3: put them together, can do it right, and who who
• 27:00
  Speaker 3: can get to know you to such a degree to
• 27:02
  Speaker 3: make proper recommendations and things like that. You don't want
• 27:04
  Speaker 3: to offload this to just regular software number one, and
• 27:07
  Speaker 3: certainly not to one of these delusional AI things that
• 27:10
  Speaker 3: you have out there. You know, as much as I'm
• 27:12
  Speaker 3: a believer in AI being a tool that people can
• 27:14
  Speaker 3: use and that can be beneficial, there's people that are
• 27:16
  Speaker 3: using it for the wrong things, and it's just it's generating.
• 27:21
  Speaker 3: Its generating some bad stuff. As a quick aside on that,
• 27:23
  Speaker 3: I was reading a it was actually a fiction book,
• 27:25
  Speaker 3: but it was like what the future may look like
• 27:27
  Speaker 3: type of thing, and it had a really really soul
• 27:31
  Speaker 3: compelling alliteration or illustration in the in the narrative that
• 27:36
  Speaker 3: was talking about how driving down the street with all
• 27:39
  Speaker 3: these people on like billboards and stuff like that, but
• 27:41
  Speaker 3: none of them real. It just gave such a such
• 27:44
  Speaker 3: an empty feeling to how society works, you know, not
• 27:47
  Speaker 3: as many people outside people supposedly like being projected on
• 27:51
  Speaker 3: billboards and stuff like that, showing like the close of
• 27:53
  Speaker 3: the latest fashion different, but none of them are real. People.
• 27:56
  Speaker 3: You know, they're all just avatars dressed up in some way,
• 27:58
  Speaker 3: and it gives it a real weird feeling. And we're
• 28:01
  Speaker 3: kind of approaching that I think, you know where there's
• 28:03
  Speaker 3: a lot of robots.
• 28:04
  Speaker 4: We're either approaching that or or that movie Idiocracy.
• 28:09
  Speaker 3: Yeah, yeah for sure. Yeah right, I wonder well we
• 28:12
  Speaker 3: might have been living on that one for a while.
• 28:13
  Speaker 4: It might be both.
• 28:15
  Speaker 3: Yeah, we might be converging those days. It is really
• 28:19
  Speaker 3: it is really uh like the dead Internet theory where
• 28:21
  Speaker 3: where so much of everything is just bots talking to bots.
• 28:24
  Speaker 3: And you see that now where you see like uh
• 28:26
  Speaker 3: ai generated like Instagram accounts with aid generated comments on
• 28:30
  Speaker 3: it from other It's like there's nothing there that actually exists.
• 28:32
  Speaker 3: It's just algorithms playing with each other. There's no humans
• 28:35
  Speaker 3: involved with you.
• 28:36
  Speaker 4: You know, I've actually had that happen on on our
• 28:39
  Speaker 4: Facebook page. You know, somebody will message me or ask
• 28:42
  Speaker 4: a question and then I answer and they'll be like,
• 28:45
  Speaker 4: you know, thinking, thinking that I'm a bot. Right, It's like, no,
• 28:48
  Speaker 4: I'm the real.
• 28:50
  Speaker 3: Not about here, And and that's becoming a thing today too.
• 28:53
  Speaker 3: It's almost like in uh weird to keep referring to
• 28:57
  Speaker 3: to science fiction, but but in Blade Runner, where there
• 28:59
  Speaker 3: was like the questionnaire that you had to give the
• 29:01
  Speaker 3: replicants to decide to determine if they were real or not.
• 29:04
  Speaker 3: I mean, we're all going to have to have some
• 29:05
  Speaker 3: heuristics in our life to figure that sort of thing out,
• 29:08
  Speaker 3: to figure out if you're wasting time or not. I
• 29:10
  Speaker 3: was having a fight with a AI from a department store,
• 29:14
  Speaker 3: from a customer service rep on chat from a department
• 29:16
  Speaker 3: store a couple of months ago that it finally dawned
• 29:18
  Speaker 3: on me that I was arguing with AI about like
• 29:21
  Speaker 3: two throw and then I started giving it weird prompts
• 29:23
  Speaker 3: to make it answer me strangely, and I confirmed it. It
• 29:26
  Speaker 3: was definitely a weird but I was arguing with somebody.
• 29:28
  Speaker 3: I thought it was a real person for the longest time,
• 29:31
  Speaker 3: and I'm fairly a stude at these things. You got
• 29:34
  Speaker 3: to be careful about that.
• 29:34
  Speaker 5: Well.
• 29:34
  Speaker 4: Even in the my industry and many other industries, it's
• 29:39
  Speaker 4: you know, if somebody calls or emails and say, hey,
• 29:43
  Speaker 4: I need to take a distribution, you know.
• 29:46
  Speaker 3: We have to really check that out. Oh my goodness.
• 29:48
  Speaker 4: I mean, it is just something that you have to
• 29:51
  Speaker 4: be cautious about and having a human in the loop
• 29:54
  Speaker 4: helps helps a lot, you know, if it's all online transaction.
• 30:01
  Speaker 3: Which frankly, I mean, we don't talk about it enough.
• 30:03
  Speaker 3: Maybe that's one of the nice benefits with John just
• 30:04
  Speaker 3: being right down the street. John's right across from the
• 30:07
  Speaker 3: town Center Mall on Court Street when seventy Court Street.
• 30:09
  Speaker 3: If you want to talk to him, you can just
• 30:10
  Speaker 3: walk in and talk to him. I walk by every day.
• 30:12
  Speaker 3: He's there there. You just have to walk in and
• 30:15
  Speaker 3: talk to him. You don't have to worry about it
• 30:16
  Speaker 3: if it's an AI or not, or if you're going
• 30:18
  Speaker 3: to get stuck in some kind of telephony system, if
• 30:19
  Speaker 3: you call in, or you go to a website and
• 30:21
  Speaker 3: oh I forgot the log on. Oh I have to
• 30:23
  Speaker 3: wait to get my security code on my text. Oh
• 30:26
  Speaker 3: I has the wrong phone number. I have to get
• 30:28
  Speaker 3: a new phone number authorized and wait for my security
• 30:29
  Speaker 3: code on that. Oh that one doesn't work either. Let
• 30:32
  Speaker 3: me get it on my backup email. It's a pain
• 30:34
  Speaker 3: to deal with this stuff sometimes. Just to get my
• 30:36
  Speaker 3: daughter to have an app that works sometimes takes like
• 30:39
  Speaker 3: four days and an Act of Congress just to get it,
• 30:42
  Speaker 3: just to get it activated on her phone. So if
• 30:44
  Speaker 3: you can just walk in somewhere and talk to a
• 30:46
  Speaker 3: real person.
• 30:47
  Speaker 4: Man.
• 30:47
  Speaker 3: Take advantage of that, because it's not a good occasion
• 30:50
  Speaker 3: that we can do all the time anymore.
• 30:51
  Speaker 4: No, No, certainly we encourage folks to come into the office.
• 30:55
  Speaker 4: I appreciate that much more. I mean we offer things
• 30:58
  Speaker 4: like zoom meetings that sort of course that is not
• 31:01
  Speaker 4: in my view. Of course, maybe I'm a old school
• 31:03
  Speaker 4: but it is not the same as looking somebody in
• 31:06
  Speaker 4: the eye.
• 31:06
  Speaker 3: Right and making sure that you're you're on the right
• 31:09
  Speaker 3: page on those things. Going back to sort of our
• 31:11
  Speaker 3: four to one k discussion, want to make sure that
• 31:13
  Speaker 3: we kind of cross all of our t's as far
• 31:15
  Speaker 3: as that goes. We talk about this on the show
• 31:18
  Speaker 3: all the time. I'm going to kind of combine a
• 31:20
  Speaker 3: couple of points into one. I should stop contributing with
• 31:22
  Speaker 3: them when the market drops and I don't make enough
• 31:24
  Speaker 3: money to contribute. Both of those things are completely untrue. Yes,
• 31:28
  Speaker 3: you don't want to see things going on in the
• 31:29
  Speaker 3: world where the market is quote unquote dropping and be like, oh,
• 31:31
  Speaker 3: that's it, I'm out, because I mean not that you're
• 31:35
  Speaker 3: a day trader and you should take money and try
• 31:36
  Speaker 3: to make individual stocks or whatever. But the people managing
• 31:39
  Speaker 3: those funds that you're invested in do know how to
• 31:41
  Speaker 3: take advantage of when markets like this and stuff are down,
• 31:43
  Speaker 3: and that oftentime is an opportunity there.
• 31:46
  Speaker 4: Again, when you are contributing from your paycheck into a
• 31:49
  Speaker 4: four oh one K, that is your job to contribute.
• 31:53
  Speaker 4: That's it, that's it, that's all you have to think about,
• 31:56
  Speaker 4: and the market does not matter one bit. The market
• 32:01
  Speaker 4: will do what the market does, and over time that
• 32:04
  Speaker 4: tends to march higher. Your job is to get the
• 32:07
  Speaker 4: money in, let the managers manage, let your employer match,
• 32:12
  Speaker 4: and leave it at that.
• 32:13
  Speaker 3: That's simple. And as far as not making enough money
• 32:17
  Speaker 3: to contribute now, John will tell you as part of
• 32:19
  Speaker 3: the sort of the Ramsey theory of the snowball effect
• 32:25
  Speaker 3: and things like that, it is true that you might
• 32:26
  Speaker 3: want to pay down your debts to make sure that
• 32:28
  Speaker 3: you contribute as much as possible without robbing yourself of
• 32:31
  Speaker 3: paying off of the debts that you have. But other
• 32:33
  Speaker 3: than that, it doesn't matter how much money you make.
• 32:35
  Speaker 3: You can start some sort of retirement fund right now.
• 32:38
  Speaker 4: Yes, and everything you do is a choice. You know,
• 32:42
  Speaker 4: if you say, well, if you have a job and
• 32:45
  Speaker 4: the job is offering a four to one k. You
• 32:48
  Speaker 4: know you have enough income to contribute. If you're not
• 32:51
  Speaker 4: able to do that, it's because you've made choices outside
• 32:55
  Speaker 4: of that on what to spend your money on. So
• 32:58
  Speaker 4: that gets back down to you know, it's a budgetary problem.
• 33:02
  Speaker 4: You know, if you have an income, if you have
• 33:03
  Speaker 4: a job that offers a four h ze K, you
• 33:06
  Speaker 4: certainly should be able to, you know, have three to
• 33:08
  Speaker 4: five percent of your your paycheck put back to save
• 33:12
  Speaker 4: towards retirements, to save towards your future, especially if there's
• 33:15
  Speaker 4: a match involved. That's free money you're you're leaving on
• 33:18
  Speaker 4: the table. And everyone, I believe everyone that can can
• 33:25
  Speaker 4: afford to do that. I mean you're talking about you know, dollar,
• 33:29
  Speaker 4: a couple of dollars a day, you know, when you're
• 33:33
  Speaker 4: talking about contributing three to five percent, yeah, right, you
• 33:38
  Speaker 4: know you've probably previously spent that on the way to
• 33:41
  Speaker 4: work easily, right. You know, it's a choice, that's what
• 33:46
  Speaker 4: it is, and it's a choice that you can make.
• 33:50
  Speaker 4: But it's also not just that short term choice. You're
• 33:54
  Speaker 4: making the long term choice of not having enough for
• 33:57
  Speaker 4: retirement or living below what your expectations are in retirement
• 34:01
  Speaker 4: because you didn't do the work today. You know.
• 34:04
  Speaker 3: I have a little expense fund that I that I
• 34:06
  Speaker 3: take every every couple of weeks after I get paid,
• 34:08
  Speaker 3: and just a little money. I have an account just
• 34:10
  Speaker 3: for lunches if I don't make it home, different things
• 34:12
  Speaker 3: like that, and it is in me. I've always given
• 34:16
  Speaker 3: myself a pass, like if I go get coffee, because
• 34:18
  Speaker 3: I'm not one of those people to get the expensive
• 34:19
  Speaker 3: coffee drinks. You know, I don't get like all this stuff.
• 34:21
  Speaker 3: And you know, so with me, it's totally fine, you know,
• 34:24
  Speaker 3: because I don't I don't get the expensive coffee drinks. Well,
• 34:27
  Speaker 3: I drink a lot of coffee, and I like to
• 34:29
  Speaker 3: get a lot of coffee when I'm out and about.
• 34:30
  Speaker 3: I was looking at my account the other day and basically,
• 34:33
  Speaker 3: like seventy some percent of my expense account every two
• 34:36
  Speaker 3: weeks goes towards coffee in some way, shape or form.
• 34:38
  Speaker 3: It's not expensive coffee. It's just a lot of coffee.
• 34:41
  Speaker 3: And plus I drink coffee at home and everything else.
• 34:43
  Speaker 3: I just drink too much of it. But that was
• 34:45
  Speaker 3: kind of eye opening to me because I thought because
• 34:47
  Speaker 3: I wasn't getting a ten dollars drink every single time
• 34:49
  Speaker 3: that Hey, you know, it's fine. I'm not doing what
• 34:51
  Speaker 3: those other people do. I'm just like them, man, I
• 34:53
  Speaker 3: just do it at a volume instead of instead of
• 34:56
  Speaker 3: instead of with the the upfront price being hot. So
• 34:58
  Speaker 3: you really have to watch like sort of what you're doing.
• 35:00
  Speaker 3: And we've talked about subscriptions and things like that before.
• 35:03
  Speaker 3: My daughter has like seven or eight little education programs
• 35:06
  Speaker 3: and stuff that she has to quote unquote subscribe to
• 35:08
  Speaker 3: that are like anywhere between ninety nine cents and three
• 35:10
  Speaker 3: ninety nine a month. Doesn't seem like a lot, but
• 35:12
  Speaker 3: when you get six or seven of them, and then
• 35:14
  Speaker 3: they rate one of them, raises their prices and so on,
• 35:16
  Speaker 3: and so before you know what, you're paying out thirty
• 35:18
  Speaker 3: forty fifty dollars a month just to all these tiny
• 35:20
  Speaker 3: little programs and stuff. Those are choices. Those are things
• 35:23
  Speaker 3: that you can look at and if you're not really
• 35:25
  Speaker 3: using them, you could put those right back into saving somewhere.
• 35:28
  Speaker 4: Absolutely, And if you're out there and you enjoy your
• 35:31
  Speaker 4: coffee every morning, that's fine, that's a choice. But if
• 35:36
  Speaker 4: that is in lieu of saving for retirement, it might
• 35:38
  Speaker 4: not be a wise choice. You know, there's nothing wrong
• 35:42
  Speaker 4: with spending money on things you enjoy if you've taken
• 35:45
  Speaker 4: care of the base needs that you have, including saving
• 35:49
  Speaker 4: for retirement.
• 35:50
  Speaker 3: It's great information with Joen or debt for Fourth Avenue
• 35:52
  Speaker 3: Financial as always, let me go ahead and start getting
• 35:54
  Speaker 3: the information out there for you so you can get
• 35:56
  Speaker 3: a hold of John at any point in the future
• 35:58
  Speaker 3: if you want to look into how you can retire right.
• 36:01
  Speaker 3: Do you have any questions about your retirement, how to
• 36:03
  Speaker 3: do it right, how to get out of a situation
• 36:04
  Speaker 3: that you're in, or how to get into a situation
• 36:06
  Speaker 3: if you're looking to or you're switching jobs, maybe opening
• 36:08
  Speaker 3: a business, and you're looking to try to provide something
• 36:11
  Speaker 3: to your employer's Fourth Avenue Financial can help you with
• 36:13
  Speaker 3: all of those different scenarios, and I encourage you to
• 36:15
  Speaker 3: give him a call. You can find Fourth Avenue Financial
• 36:17
  Speaker 3: online is Fourth Avenue Financial dot com. Fourth Avenue Financial
• 36:20
  Speaker 3: dot Com located in downtown Charleston on one seventy Court Street,
• 36:25
  Speaker 3: and you can what's your phone number? John, I was
• 36:28
  Speaker 3: just no realized I forgot it.
• 36:29
  Speaker 4: Nervous three zero four seven four six seven nine seven seven.
• 36:33
  Speaker 3: I have so many phone numbers racking around in my
• 36:35
  Speaker 3: head almost gives the Payton law from number there, and
• 36:36
  Speaker 3: I didn't want to do that. So that's Fourth Avenue
• 36:39
  Speaker 3: Financial three zero four seven, four six seven, nine seven
• 36:41
  Speaker 3: seven three zero four seven, four six seven, nine seven seven,
• 36:43
  Speaker 3: located one seventy Court Street, downtown Charleston, where you can
• 36:46
  Speaker 3: find John Burdetta. Oh there a lot of the time.
• 36:47
  Speaker 3: I walk downtown, probably a couple times a week, and
• 36:50
  Speaker 3: John's over there usually meeting with folks. And you can
• 36:53
  Speaker 3: do the same. To make sure that you can retire right.
• 36:56
  Speaker 3: Retire Right Radio is every Monday morning at eight twenty
• 36:58
  Speaker 3: right here on five ad WCHS, the Voice of Charleston.
• 37:00
  Speaker 3: You can go to WHS network dot com slash retire
• 37:03
  Speaker 3: right and find all of our podcast now. We have
• 37:05
  Speaker 3: years of history on there now where you can go
• 37:07
  Speaker 3: back and listen to those things. John, appreciate your time
• 37:09
  Speaker 3: and expertise this morning. Thank you so much. All right,
• 37:11
  Speaker 3: take care, we'll see you back to your next week.
• 37:12
  Speaker 3: That is John Burdett for Fourth Avenue Financial. Fourth Avenue
• 37:15
  Speaker 3: Financial dot com one line, located one seventy Court Street,
• 37:18
  Speaker 3: Downtown Charleston. Three four seven, three four six, seven, nine
• 37:20
  Speaker 3: seven seven three zero four seven four six seven nine
• 37:23
  Speaker 3: seven seven seven four six seven nine seven seven. Have
• 37:25
  Speaker 3: a great day everyone. Dave Allen five eighty Live is
• 37:28
  Speaker 3: up next, Dave Wilson TJ on talk Line. After that,
• 37:31
  Speaker 3: I'll be back this afternoon at three oh six with
• 37:32
  Speaker 3: Dave Weekly and Metronews Hotline. Have a great day everyone.
• 37:35
  Speaker 3: On five eight w c HS, The Voice of Charleston.
• 37:43
  Speaker 2: Five ed w chs amninty six point five. That's on
• 37:46
  Speaker 2: Charleston one oh four point five Cross LANs WVRC Media Station.
• 37:52
  Speaker 3: We're proud to live here too.