Latest / Money In Motion with Klaas Financial / Pension Precision: Navigating Crucial Choices

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Pension Precision: Navigating Crucial Choices · Money In Motion with Klaas Financial

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Oh yes, it is money in motion with Coss Financial right here on thirteen
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ten WIBA our phone lines they are open for you right now. If you
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have questions for our retirement planning professionals from Class Financial, CJ. Closs and
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Elia Quavis, I gotta just pick up a phone gifts call six oh eight
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three two one thirteen ten. That's six soh eight three two one thirteen ten
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will get you on the air. Dofgate. You can learn more about Coss
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Financial their website Coss Financial dot com. That's k l aa S financial dot
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com. Not only can you learn more about Coss Financial or separate divisions,
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you can also get to know the team the folks at Coss Financial. You
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can learn also a little bit about about some of the folks that they work
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with. Kind of break down by the numbers and a cool thing. If
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you scroll down towards the bottom, you see an envelope it says State Current.
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That's where you can subscribe to the weekly Market Pulse newsletter that available to
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you at Cossfinancial dot com. That's k l a a s Financial dot com.
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That Market Pulse newsletter has got a little snapshot of what's been going on
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in the markets. Also we'll link to the most recent podcast again that available
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to you at Coss Financial. Speaking of things available to you, also that
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phone number six oh eight four four two five six three seven. No charge
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for the financial get to know your appointment tech c Loss Financial. It will
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be complimentary to you. Again the number six oh eight four four two five
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six three seven and then number to get on the air this morning six oh
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eight three two one thirteen ten. That's three two one thirteen ten as mentioned,
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joined by CJ Closs and Malia Quavis. CJ. How are you doing
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this week? I'm doing great. How are you, Sean? I'm doing
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really good. Great to talk with you. Malia, how are you doing?
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Staying dry? Very very good? And yes, it's like every other
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minute. It's a different type of season here, isn't it It is?
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It looks like some beautiful days ahead. You got plans from others day,
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I know, but I'm sure my kids will find a way to reach out
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to me because they're they're great kids, so they always figure it out.
1:46
Well, you enjoy the day, and we've got a great We're gonna talk
1:48
about some pensions. Those are those are a thing? Uh well, not
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for you, not for you. We're going to talk about for folks who
1:57
do receive pensions in and some of the things to understand about, some choices
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and some very important decisions to be made with our retirement planning professionals, Malia
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Quavis andj Loss of Class Financially. You know, we have way too much
2:12
fun on this show. As mentioned, the phone lines are open six eight
2:15
three to two one thirteen ten. That's six o'h eight three to two one
2:17
thirteen ten. It's being fun things we do on the program. Every week,
2:21
the Class Quiz question week a chance to win a fantastic prize. This
2:23
week, no exception, our friends from Class Financial provided a twenty five dollars
2:28
gift card to Best Buy for the Class Quiz question of the week. Listen
2:31
close to the program most times, just about every time the question and answer
2:36
come up. During the program, we'll tell you a little bit about how
2:38
you can win that twenty five dollars gift card to Best Buying a little bit
2:40
later on in the program, and before we talk about about pensions and some
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of the choices around them, let's actually take a look back at last week's
2:47
program and get the question and the answer from the Class Quiz Question of the
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week. Yeah, so last week we discussed required minimum distributions. So if
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your ears are perking up and you are approaching or have become the age seventy
3:01
three, you should probably listen back to that show. So our question followed
3:06
suit It was is it okay to withdraw more than the required minimum required minimum
3:14
amount from your I raise each year? And the answer was true, you
3:17
can always withdraw more than required Alison, and Madison was the first to respond
3:23
correctly, so congratulations to her. Listen carefully to today's question. That's a
3:28
great, great, great win there for Allison and you two can be like
3:31
alson listen closely. By the way, Also, if you missed any part
3:34
of last week's programmer you want to listen back or share it, of course,
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you can always head over to classfinancial dot com sign up and not one
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for the weekly market Pulse newsletter, but also subscribe to the podcast right at
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clossfinancial dot com. So today we're gonna be talking about so the possible choices
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around pensions and if we're entitled to get one of those, what should we
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be aware of before making that choice? CJ. Yeah, good questions.
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So the landscape on the number of retire who receive pensions has changed quite a
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bit in the last four decades. So here's a little background on retirement plans
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for employers. Typically, they're divided into two types, defined benefit plans and
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define contribution plans. In some cases, employers of private industry workers and state
4:19
and local government workers have access to both defined benefit and define contribution plans.
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As a matter of fact, twelve percent of private industry workers and thirty four
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percent of state and local government workers had access to these defined defined benefit plans
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in twenty twenty two. Now, a pension is just one of many types
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of retirement plans. Define benefit plans, also known as pensions, provide employees
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with guaranteed retirement benefits based on a formula. A participant's retirement age, length
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of service, and earnings before retirement may affect the benefits that you receive now.
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For example, if your employer promises to pay you, say three thousand
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dollars per month after you reach age sixty five, that would be a defined
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benefit pension plan. Your employer made a promise to pay you a certain amount
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of income and retirement, which is why they call it defined benefit. When
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people use the word pension, they're almost always referring to a defined benefit plan.
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Where this can be confusing for people is when they say, well,
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I thought I had a defined benefit pension, but they also offered me a
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lump sum at the end. So that doesn't mean you don't have a pension.
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It just means that particular pension might offer a lump sum instead of instead
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of just a monthly income stream. So, according to the Bureau of Labor,
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defined benefit plans were more prevalent for state and local government workers in twenty
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twenty two, whereas defined contribution plans were more prevalent for private industry workers.
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Only fifteen percent of private industry workers had access us to a pension plan compared
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with eighty six percent of state and local government workers. So there you go.
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There's some there's some background talking this morning with CJ. Closs and Maliaquavis.
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They are our retirement planning professionals from Class Financial. The website Coss Financial
6:14
dot com. That's k LaaS Financial dot com. Fantastic website and resource teleph
6:18
number for Class Financial office right here in Madison, sixt' oh eight four four
6:21
two five six three seven. No charge for that initial gets to know your
6:26
appointment tech loss Financial. It will be complementary to you again their number six
6:30
oh eight four four two five, six three seven, and it joined us
6:32
this morning. Love to get your call six oh eight three two one thirteen
6:35
ten. We'll get you right on the air with CJ. Closs and Malia
6:39
Quavis again the station number six oh eight three two one thirteen ten. Let's
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get a little history, a little background CJ. On on pensions here in
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the United States. Yeah, to your point, Sewan, a little history.
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In the nineteen eighties, roughly thirty eight percent of workers had a pension,
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but as of twenty twenty two, only about twenty one percent of Americans
6:58
who are retiring have access to a pension plan. Now, some of you
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are going, wait, I thought you said it was fifteen percent before and
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then eighty six per for federal and local. It depends what we're talking about.
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Are we talking about access as a new employer. We talk about people
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retiring with them. So all you really need to know is the following.
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State and local government workers tend to have access to pension plans, whereas private
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employees don't have access to them as much. Now, of course, people
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say, well, why is this happening? Why is their trend towards towards
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having less access to pension plans in the private sector, And one of the
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biggest reasons is the substantial risk that they bring to an employer. For obvious
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reasons, making a promise to pay a worker a large sum of money after
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they retire, which could be thirty five years from today, is a very
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risky thing to do, especially if you are doing that for a promised amount
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over an unknown period of time. Right, So think of it in terms
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of your four one K. Not a big deal for an employer to say,
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hey, we'll put two grand a month into your four one K plan
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for you, and then when you leave goodbye, we'll kick you out the
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door and take your money. Kind of a thing. There's not an unknown
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risk there. They have a very clear risk pool. You decide how you
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want to invest it. When you leave, it's yours. Conversely, a
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pension plan, it's a you're pooling risk with a bunch of people. They
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retire, you're paying them a dollar amount for an unknown period of time.
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If they're alive till one hundred and ten, you know, I'm sure you're
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happy as an employer being like, God, bless you. You lived a
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long time, but you're really screwing up our bension here. So you get
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the idea. These pension plans are becoming less common, primarily because they are
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such a drag on the employer from a profit profitability standpoint. In the future,
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now, pensions will remain relatively common in the public sector, as most
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full time state and local government workers are enrolled in a defined benefit retirement plan.
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If your employer offers to put five thousand into your four one k every
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year, again, that would be a defined contribution plan, not a defined
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benefit pension plan. And don't forget about employers that you may have had a
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long time ago where you might still have an old pension or an old four
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to oh one k plan. It's a matter of fact. When we meet
9:16
with people off this show or referrals or whatever it might be, one of
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the most common items we run into is two three, four five old retirement
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plans sitting in old accounts where statements aren't being received, don't know exact values,
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don't know if it's pretax or roth, don't know if it's defined benefit
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or defined contribution, And I just can't stress enough. Nobody can help you
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if you don't know what you have right, and so the point being maybe
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one of the first steps is to bring together all those statements, sit down
9:48
with somebody who can make heads or tails of it all, and then kind
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of run a projection for you so you know what to expect. Really nice
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conversation this week. Of course, CJ help us kind of understand a little
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bit of the background, define benefit plans and divine contribution plans, a little
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bit about the history when it comes to pensions. A lot of great stuff
10:05
for the groundwork there we're gonna get into then some important things to know before
10:09
you retire, and of course the importance when it comes to choosing if you
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do have a pension, making those choices, and what to understand in some
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of the some of the areas that you definitely want to investigate. We're and
10:18
talk with CJ and Malia about that in just a moment. Also, if
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you've got a question, we would love to have you join us this morning
10:24
on the show. All I got to do is pick up phone call the
10:26
station six oh eight three two one thirteen ten. That's six oh eight three
10:30
two one thirteen ten. To get on the air with CJ. Coss and
10:33
Malia Quavis. Their website at Coss Financial it is Cossfinancial dot com. That's
10:37
k l Aasfinancial dot com. And the office here in Madison six oh eight
10:41
four four two five six three seven. No charge for the initial gets to
10:46
know you appointment at co Loss Financial. It will be complimentary to you again
10:48
their number six oh eight four four two five six three seven. Take your
10:52
call next to continue our conversation with CJ and Malia as. Money in Motion
10:56
with Coss Financial continues right here on thirteen ten. Wuib A talking with our
11:03
retirement planning professionals from Class Financial, CJ. Closs and Malia Quavis. The
11:07
website class Financial dot com. That's klaas Financial dot com. Fantastic website,
11:13
fantastic telephone number six so eight four four two five six three seventy. Say
11:18
Sean, how can a phone number be fantastic? I'll tell you why because
11:20
there's no charge that initi'll get to know you appointment at Loss Financial. It
11:24
will be complementary to you again their number six oh eight four four two five
11:26
six three seven. If you've got a question right now, we'd love to
11:30
have you join us six oh eight three two one thirteen ten. That's six
11:33
oh eight three two one thirteen ten. Talking pensions this week with CJ Closs
11:39
and Malia quavisoff Claus Financial. So what should I know then before retire when
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it comes to pension choices that may be offered? Malia, Yeah, this
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is a really important question. And CJ brought up a great point. We
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spend a lot of time trying to kind of get into the cobwebs of your
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head when we sit down with you to ask, really, did you have
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a job in the past that potentially produced a pension when you go to retire
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that will produce a pension? And usually people are pretty sharp on this.
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They're like, no, I only worked at two places. They had this
12:11
plan, they had this plan, It's like all is good. Many times
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people had four or five jobs and they honestly, they know they put money
12:18
in, but they don't really know how it would come out someday. So
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I recently had a client walk in and they said, hey, Malea,
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I got this piece of paper in the mail and I don't quite understand it.
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Well. Effectively, the company had kept track of where the person lived
12:35
and saw that they were sixty five, and they actually had a benefit coming
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to them in the tune of two thousand dollars per month now that they hit
12:43
age sixty five. So this was two thousand dollars of income better than a
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bill in the mail, right, two thousand dollars of income that we hadn't
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accounted for that they now have coming in twenty four thousand a year outside of
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Social Security, outside of investments. So is really really important to make sure
13:01
you know where you scirrelled away those dollars. So it's always a blessing when
13:05
you find out something like that. So, yes, when you go to
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retire and you are vested in a pension plan, you're going to have to
13:13
usually choose how you want to receive those pension benefits. So again, the
13:18
traditional pension plan is designed to provide you with what we would call a steady
13:24
stream of income once you retire. That's why your pension benefits are normally paid
13:28
in the form of lifetime monthly benefits. What we're going to tell you some
13:33
choices here in this just a second. But what we're seeing more increasingly happen
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is employers, especially if they're tiny, little pension benefits like two hundred bucks
13:43
a month or something like that. We're seeing employers making available to their employees
13:48
a one time payment for all or a portion of the pension, So you
13:52
want to be aware of choices like that. We call that a lump sum
13:56
payout. Option. Might not be the right choice for you, but it's
13:58
important and to be aware that that might even exist. Essentially, the companies
14:03
want to get these smaller pension requirements off their books, so, like I
14:07
said, we're seeing more and more of that. But what you need to
14:11
remember is that once you sign the paperwork, the agreement is usually not always,
14:15
but usually irrevocable from that day forward. So be careful studying the numerous
14:20
distribution plan choices because you want to make sure that the one that you choose
14:24
actually fits your financial needs. So generally speaking, we see five different options
14:31
of pension choices. There could be other ones, but these are the most
14:35
important ones we see. First one is single life. That choice usually has
14:39
the highest monthly payout. You're going to get the highest dollars per month coming
14:45
out that you would receive. But what you need to remember is this payout
14:50
ends when you pass away, so there's no residual that's going to go to
14:54
a spouse or a state. So again, single life usually has the highest
14:58
monthly payout. Oftentimes we have clients who are married, and so essentially you
15:03
are excluding that person from eventually maybe getting a portion of your benefit. So
15:11
many times there has to be a sign off that you've chosen that you can't
15:13
just do it independently, but you want to be very very careful that you
15:18
understand the other sources of income that will affect your household should you pass away.
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The second common choice we see is fifty percent joint and survivor, So
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you are taking a lower monthly benefit now, but upon your death, your
15:31
surviving spouse will get fifty percent of your current benefit. We often see that's
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a very common choice for people because they want to make sure their spouse still
15:43
has some kind of income coming from their pension that they worked for for many
15:48
many years to collect. The third one we see is one hundred percent joint
15:52
in survivor. So this is usually a lower amount of benefit now, but
15:56
upon your death, your surviving spouse will get the same benefit. So say
16:00
you're getting one thousand dollars a month on one hundred percent joint survivor, they're
16:04
going to continue getting the same thing after you pass away, So again that
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gives us predictability what your income is going to look like whether you're here or
16:12
not. Obviously, that's important if we're talking about social Security benefits, because
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when one spouse passes, only the highest amount continues to be paid out with
16:23
Social Security benefits, so effectively you're losing a big portion of income in your
16:27
household. And the other choices would be life with ten years certain that payments
16:36
guaranteed to be paid out for minimum of ten years will continue as long as
16:38
you live, but if you die prior to the ten years, payments can
16:42
continue through the year ten. And then again we see lump sums being an
16:48
option, not always, but a lump some you could take out the entire
16:52
amount that's offered and possibly roll that into your IRA. So we would say
16:59
that offers you the most flexibility oftentimes because you get to choose your investments that
17:03
your i RA is allocated into, and it also allows you to determine how
17:11
much income you'll need on a monthly basis, and then upon your death,
17:15
the remaining amount of the value goes to your beneficiaries. But you want to
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make sure you clearly understand every single pension choice and how it'll affect you.
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I also want to mention about inflation. People ask about pensions and inflation,
17:29
so your benefits may or may not be adjusted for inflation from those from those
17:36
pensions. The National Association of State Retirement Administrators they estimate that seventy five percent
17:41
of pensions sponsored by state or local governments will provide some cost of living increases.
17:48
However, private pensions often don't, So you want to be aware that
17:52
pension payments generally are fixed, especially in the private sector. They're fixed,
17:57
meaning that you're you know, inflation can actually eat away at the value of
18:02
those payments going forward. So tread carefully, make sure you understand what your
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choices are, and sit down with a professional to make sure you don't hit
18:11
the wrong box. A really nice, really nice feature and a great blessing
18:15
to have, but you really want to make sure that, yeah that you
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mentioned, Malia, tread carefully, and these are big time decisions that oftentimes
18:22
you mentioned can once made, they're made. Talking this morning with our retirement
18:25
planning professionals Malia Quavis and CJ. Coss. The website colss Financial dot com.
18:29
That's coss k l a as Financial dot com. Tel number six so
18:32
eight four four two five six three seven so CJ. So if I'm offered
18:36
a lump sum option my pension, should I be considering taking that? Possibly?
18:44
So here's here's the concept. I want everybody to keep in their brains
18:47
as we start talking about taking a lump sum or not taking a lump sum.
18:51
And again, what we're talking about here are these defined benefit pension plans.
18:56
Whenever you hear defined benefit, just think of yourselves, think of it
19:00
through the lens of love. Well, the benefit is the monthly income.
19:02
It's a defined benefit. Therefore, that's the income stream. That's that's a
19:07
synonymous with pension. And then when you think defined contribution, think, well,
19:11
I know how much I'm putting in, but I don't know how much
19:14
I'm getting out. That's a four to one K, four oh three B,
19:17
four to fifty seven plans, so on and so forth. But what
19:18
we're talking about here is these defined benefit, these defined known monthly amount pension
19:25
plans. Will sometimes say, hey, do you want us to treat this
19:27
more like a four to one K plan and just give you your money and
19:30
leave. And sometimes people will will go no, no, because you're trying
19:34
to get away with something they're actually not by the way. They're taking average
19:38
life expectancy and creating what's called a discounted present value of that number and giving
19:44
you the total amount. What they're trying to do is get the future liability
19:48
of you living too long off their laps. So that's one concept I want
19:52
you to keep in your brain. Why is the employer offering this to me
19:55
if it wasn't offered before, Because they're trying to get the what's called discounted
20:00
the present value of all the future income streams lump some using your average life
20:03
expectancy to get that risk off their lap. Therefore, it would be normal
20:10
to say, if I have a lot of longevity in my genes, I
20:14
might not want to do that. So that brings a second concept. Whenever
20:18
you're evaluating pensions, you need to look at something called an ir R,
20:23
an internal rate of return. Now, anybody who's good with a calculator,
20:27
financial calculator, a good financial advisor, a good CFA or CFP should be
20:32
able to run a calculation for you on what's called this ir R. And
20:36
this is the basis for lump sum pension decisions. The IRR is what we
20:41
call a hurdle rate. The idea is, hey, if I'm going to
20:45
take this lump sum and I'm going to generate the same monthly income that the
20:49
pension was going to provide to me, how much return do I need to
20:55
get in order to run this thing to zero by the time I die,
21:00
because that's what they were going to do for me. That makes sense.
21:03
So if I was going to get two thousand dollars a month, but instead
21:06
I take a through four hundred thousand dollars lump sum, how much return do
21:11
I need to get between now and my expected death age in order to run
21:18
it to zero at that time because that's what the pension was going to do
21:19
for me. This is known as the ir R or the hurdle rate,
21:23
and this is how good advisors will make decisions on this. Sometimes that IRR
21:29
will be really large, especially when there's like a cost of living adjustment inside
21:33
of the pension. Sometimes that IRR will be quite low, to where you
21:37
go, oh, my goodness, my hurdle rate quote unquote unquote is three
21:41
percent if I live to average life expectancy like, I'm pretty comfortable that I
21:45
can do that investing on my own over time. So here's the con You
21:51
know, these are the concepts, but I would say be aware of the
21:53
risks of longevity. What a pension does, really, really well is it
21:57
eliminates for you what's called longevity risk, also known as living too long.
22:04
If you live too long ninety one hundred, one hundred and five, which
22:08
we're seeing people living longer. If that happens to you, you will love
22:15
your pension, right, because that's just two thousand a month. There's rose
22:18
up no matter how long you live. If you live a shorter period of
22:22
time in retirement, well, my goodness, you're going to wish you had
22:23
taken the lump sum because now when you die, at least there's something left
22:29
over for your beneficiaries. Most pensions, if you take it on a single
22:32
life basis, or if you and your spouse die in a common accident,
22:36
there's going to be nothing left over. Even if you die five years after
22:40
retiring, retiring nothing left over. So let me summarize in the lump sum
22:47
decision. It is significantly more complicated than the average person believes. However,
22:52
a good financial advisor in about a twenty minute conversation with you should be able
22:57
to encompass the different variable, give you different hurdle rates, talk about your
23:03
life expectancy and mortality risk and then come up with a with a good decision.
23:07
Fantastic stuff this week, as always from our retirement planning professionals from Class
23:11
Financial, CJ. Closs and Malia Quavis. The website cost financial dot com
23:15
that's k l a a S Financial dot com. Telephone number six oh eight
23:18
four four two five six three seven. No charge for that initial get to
23:22
know you appointment at COSS Financial. It will be complimentary to you again the
23:26
number six oh eight four four two five six three seven. Well, of
23:30
course do the Class Quiz clush week coming up to the next segment. Also,
23:33
you may be wondering what about taxes. We'll get some details from CG
23:36
in Malia and do the CLSs quiz question the week next. As Money in
23:38
Motion continues right here on thirteen ten, wib E talking this morning with our
23:45
retirement planning professionals CJ. Closs and Malia Quavis. They come to us from
23:51
COSS Financial. The website coss Financial dot com that's k l AA s Financial
23:55
dot Com at the telephone number six oh eight four four two five six three
23:59
seven charge for that initial gets to know you appointment tech Loss Financial again their
24:03
number six so eight four four to two five six three seven. Talking this
24:07
week about pensions and Malia. What happens when I start taking those distributions from
24:11
my pensions? Would I have to pay taxes? What do we need to
24:15
know? So that's an important thing. Sometimes people are surprised they start the
24:19
pensions and come January of the next year, they don't understand why there's taxes
24:26
do and so we'll just point out that most pension benefits are federally taxable,
24:32
So right out of the gate, when you begin taking pension income, you'll
24:34
need to determine if you should have taxes withheld from those pension payments. Many
24:40
people think about this for their Social Security, but sometimes they tune out for
24:44
their pension payments, which obviously many times can be even larger than Social Security.
24:48
So it's best that you plan on paying taxes on any pension income you're
24:52
going to receive. Try to do that when you set up the original original
24:57
paperwork, because it's to get it done on the front end. Then go
25:02
back in and adjust it. But there may be exceptions. So sometimes after
25:07
tax money may have been contributed into the pension, so a portion may be
25:11
tax free. Sometimes with pensions paid due to a disability, a portion of
25:15
that benefit may be tax free. So there's always exceptions, but generally from
25:19
a federal level, most are federally taxable. Now when we stay when we
25:25
start discussing state income taxability, it does matter where you live. So many
25:30
of our listeners in the state of Wisconsin should know that income from retirement accounts,
25:34
including pensions or distributions from i ras or four to oh one k's are
25:40
fully taxable at rates ranging from three point five to seven point sixty five percent.
25:47
So that's most pensions. However, income from a government government pension,
25:52
for example with the Wisconsin Retirement system, is not taxable, so you have
25:56
to understand your specific situation. You know, interesting to note, you know
26:02
Social Security is not taxed in Wisconsin or Illinois, so you want to understand
26:07
what will be taxable for that income coming to your door every single year and
26:11
what you might need to withhold from. Whereas state of Illinois, income from
26:17
pensions and distributions from IRA's and four oh one ks and TSP plans. Those
26:21
are not taxable, so maybe you need to shift and retire to Illinois,
26:23
you know, across the border for different reasons. And there's also states that
26:29
if you're getting a pension retirement you might prefer to live in aside from Illinois,
26:33
where pension income is not taxed. So there's about fourteen of those.
26:38
Look up to see the city or I should say, the state that you
26:41
live and to find out if that's going to be taxed. I did see
26:45
Hawaii's on that list. There you go high cost a living, but you
26:49
might save some taxes exactly. I think one of the things Malia too,
26:53
A lot of folks wonder is can a pension plan be terminated or is that
26:56
protected? Or what do we need to know in that area. Yeah,
27:00
that's a really great question, and we do talk about, you know,
27:02
a couple shows ago about guarantees and people do want to hear about protection.
27:07
So if your employer offers a pension, they can decide to terminate it,
27:11
and in those situations, you're a crude benefit usually becomes frozen, which means
27:17
that you will get it whether you've whatever you've earned up to that point,
27:21
but you usually can't accumulate any additional pension income. But with regards to protection,
27:27
typically pensions are ensured by the Pension Benefit Guarantee Corporation otherwise known as PBGC
27:34
SO. That's a federal agency created by the Employment Retirement Income Security Act.
27:40
Many people referred to it as ARISA that came out in nineteen seventy four and
27:44
that helps protect pension benefits in the private sector define benefit plans in the event
27:49
your company declares bankruptcy or can't make its payments. It's a very important program
27:56
that exists, and unfortunately we have seen private pensions many times not pay as
28:02
much as they had promised. But hopefully, with the help of this guarantee,
28:07
you will be guaranteed your full benefit. So if you want to find
28:11
out guarantee limits, go to PBGC dot gov to check and find out how
28:15
your pension plan might be covered. Important website. There another important website coluss
28:19
Financial dot com that's coss k l aas Financial dot com. Tellph number six
28:23
oh eight four four two five six three seven No charge for that initial get
28:27
to know your appointment at Class Financial. It will be complimentary to you.
28:30
Again, their number six o eight four four two five six three seven.
28:34
Go on hold on to that telephone number as well, because it's time now
28:37
for the class quiz question the week. It works like this is just a
28:40
moment, I'll ask you the class quiz question the week. We then have
28:41
thirty minus from the today's program to call the Class Financial office right here in
28:45
Madison at six oh eight four four two five six three seven. If you
28:48
are the first call correct answering, win this week's prize, which is a
28:52
twenty five dollars gift card to best buy this week's class quiz questions a week.
28:56
Is this which pension option usually provides the highest monthly payout? Is it
29:03
a single life or is it a fifty percent joint and survivor option? Telphone
29:10
number six oh eight four four two five six three seven. First got Correctdan,
29:12
so one of the twenty five dollars gift car two best buying again.
29:15
That's Class Financial's office right here in Madison, their number six oh eight four
29:18
four two five six three seven, and the website COSS financial dot com.
29:22
That's COSS k l A A S Financial dot com. Cjmalia. It's always
29:27
great chatting with both of you guys enjoyed this most beautiful days thanks to Sean
29:33
Roz White with Tina the Tina Turner Musical. It's gonna be at the Overture
29:36
Center. She'll be joining us next here on thirteen ten wib A