Latest / WCHS Network Podcasts / 04/21/2025 Retire Right Radio with John Burdette

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04/21/2025 Retire Right Radio with John Burdette · WCHS Network Podcasts

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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 Verdett 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 Fourth Avenue Financial.
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Speaker 3: Gas and a very pleasant Monday Morning two. You're listening
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Speaker 3: to retire Right Radio one five eighty w we see
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Speaker 3: HS the Voice of Charles and I am del Cooper.
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Speaker 3: John Burdett is in a studio with us this morning,
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Speaker 3: and we can John can help you navigate your retirement
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Speaker 3: all kinds of questions in the current environment that we're in.
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Speaker 3: But John has always been a steady hand and getting
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Speaker 3: you through all of this mess, and that continues this morning.
1:21
Speaker 3: It's not even really a mess. We can talk about
1:22
Speaker 3: those things. And John Bredett is here this morning. There, John,
1:24
Speaker 3: good morning, How you doing.
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Speaker 4: I'm doing wonderful.
1:26
Speaker 3: Sho A good weekend? Yeah, happy Easter, late Easter, I
1:29
Speaker 3: guess yeah.
1:29
Speaker 4: I've had a little little family dinner and yeah, good stuff.
1:33
Speaker 3: We being at the stage of our life that a
1:37
Speaker 3: lot of couples have when they're in their twenties or thirties.
1:40
Speaker 3: My wife and I are play the dual holidays quite
1:44
Speaker 3: a bit now, so we're like, we have to do that,
1:48
Speaker 3: but we're also old, so we can't do it the
1:49
Speaker 3: same weekends. We have our Easters broken up between this
1:52
Speaker 3: weekend and next weekend. So we had Easter with my
1:56
Speaker 3: wife's side of the family this past weekend, and it
1:58
Speaker 3: was also her mom's birthday, so happy birthday to my
2:00
Speaker 3: mother in law, and then next week and we're going
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Speaker 3: up to my mom's and going to do the old
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Speaker 3: Easter thing there, so it'll be it'll be fine.
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Speaker 4: Well, I'm at the stage where my kids are the
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Speaker 4: ones that have to do the split.
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Speaker 3: They come to you, right, yeah, see, that's that's the
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Speaker 3: I should be at that point.
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Speaker 4: Man.
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Speaker 3: It's uh. You know, when I was a kid, I
2:16
Speaker 3: always had a travel everywhere for holidays. People should come
2:19
Speaker 3: to me now, but I'm not at that stage yet, unfortunately,
2:22
Speaker 3: speaking of anything along those lines. If your Easter holiday
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Speaker 3: gave you some questions about the market or your retirement,
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Speaker 3: you give us a call this morning. John can help
2:30
Speaker 3: answer any questions you have about your retirement, how you
2:32
Speaker 3: can retire right three zero four three four two eight
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Speaker 3: one three one three zero four three four two eight
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Speaker 3: one three one is a number that you can call
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Speaker 3: in on. You can also text three zero four non
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Speaker 3: three five five zero zero eight three zero four non
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Speaker 3: three five five zero zero eight. We have some topics
2:43
Speaker 3: that we're going to touch on this morning. We're going
2:45
Speaker 3: to review last week's market performance as well, but we'd
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Speaker 3: like for you to steer the conversation if you have
2:49
Speaker 3: any questions at all, give us a call or a
2:50
Speaker 3: text again the phone number three zero four three four
2:53
Speaker 3: two eight one three one, or you can text three
2:55
Speaker 3: zero four non three five five zero zero eight. We're
2:57
Speaker 3: gonna talk a little bit about uh about out hey,
3:00
Speaker 3: your retirement's actually okay. We had there's a lot of
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Speaker 3: a lot of sentiment studies that are going out there,
3:07
Speaker 3: and as far as people that are mature into the
3:09
Speaker 3: retirement looking at things right now, as John's talked about before,
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Speaker 3: you know, these things can be protected against your Retirement'll
3:15
Speaker 3: talk about that a little bit in a few moments,
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Speaker 3: but we can go ahead and take a look back
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Speaker 3: on last week as far as market performance goes, I guess,
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Speaker 3: as far as we can call anything typical now that
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Speaker 3: we've had sort of this choppy give and take sort
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Speaker 3: of thing for a while, that this is fairly typical
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Speaker 3: of the era that we're in.
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Speaker 4: Yeah, you know, the previous week we were we were up,
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Speaker 4: and last week we were down. So it's just we're
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Speaker 4: on that kind of the ebb and flow as the
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Speaker 4: market tries to find its footing. The averages were down
3:44
Speaker 4: last week, that was down two point seven percent. The
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Speaker 4: S and P was down one and a half. The
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Speaker 4: Nasdaq was down two point six but the European markets
3:55
Speaker 4: were up three point nine percent. And so so you
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Speaker 4: see that that switch happening. Some of that is is
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Speaker 4: uh currency.
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Speaker 3: Related to dollar.
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Speaker 4: That sort of thing, which makes those stocks potentially more attractive.
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Speaker 4: So you're seeing that and and there again that that
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Speaker 4: is why you need a diversified portfolio. You know, if
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Speaker 4: you if you were diverse fied, if you had a
4:17
Speaker 4: portion of your money and in the stocks of European stocks,
4:21
Speaker 4: things of that nature, you know, you would you would
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Speaker 4: have you would still be down overall most likely, but
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Speaker 4: you would have a more moderate decline and UH, and
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Speaker 4: that balance helps tremendously in retirement uh, to to sustain
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Speaker 4: an income for a long period of time. Those wild
4:41
Speaker 4: ups and downs can affect a distribution strategy. And so
4:46
Speaker 4: it's okay that that uh, you know, the market moves
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Speaker 4: up and down, but when it swings wildly that that's
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Speaker 4: not really good for the distribution phase. And and so
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Speaker 4: you really have to caution yourself and and plan for
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Speaker 4: that because it is a feature of the market. This
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Speaker 4: is going to happen from tom to tom. So you
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Speaker 4: have to accept that and make your plans around that
5:09
Speaker 4: type of volatility as you're planning for those distributions.
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Speaker 3: And that's a great advice and really a sober outlook
5:15
Speaker 3: and on how you can still manage yourself properly going
5:18
Speaker 3: into any of these scenarios. We're going to talk about
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Speaker 3: this in just a moment. You know, most people, in fact,
5:23
Speaker 3: most people that are that are funding their retirements or
5:26
Speaker 3: are actually fine. You know. I know that from personal
5:28
Speaker 3: experience from some people in my life. I mean, because
5:30
Speaker 3: they did it right. Like you talk about, if you
5:32
Speaker 3: structure these things the right way, you're going to be
5:33
Speaker 3: less exposed to these types of things in the market
5:37
Speaker 3: when you're at that point of maturity where you're actually
5:38
Speaker 3: living off off of what your retirement is. Not that
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Speaker 3: it couldn't affect you, but if you're structured properly, it
5:44
Speaker 3: should have much less effect than on somebody else. I
5:46
Speaker 3: was noticing the other day and the week to week
5:49
Speaker 3: thing that we're having right now is a great example
5:50
Speaker 3: of why you also don't play on your like we
5:53
Speaker 3: talk about all the time, your politics or something, because
5:56
Speaker 3: like all the blue checks when X or whatever, you
5:57
Speaker 3: see as soon as the market goes up a little bit,
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Speaker 3: I don't believe these people actually do the things that
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Speaker 3: they say they're going to do. But what they tell
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Speaker 3: you they're doing is, oh, the Trump market is taken off.
6:06
Speaker 3: I'm gonna put everything right back in right now. You know,
6:09
Speaker 3: if they do that, they're dumb, you know, But I
6:11
Speaker 3: don't think they are. I think it's some sort of
6:12
Speaker 3: like performative antics or whatever, which is why you don't
6:14
Speaker 3: trust those people. You got to go to where you
6:16
Speaker 3: got to go to a pro for that type of thing.
6:18
Speaker 4: No financial advice from from a shouting voice on social
6:22
Speaker 4: media is probably not not the way to go, first
6:27
Speaker 4: of all, just the nature of that advice being emotional
6:31
Speaker 4: and you know, over the top. That's not that's not
6:37
Speaker 4: how planning works. And your situation is unique to you.
6:43
Speaker 4: Just because somebody shouting on on X I guess it's
6:48
Speaker 4: called now, just because somebody shouting on X or Instagram, uh,
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Speaker 4: that that doesn't mean it's even the right thing for you,
6:56
Speaker 4: even if they.
6:56
Speaker 3: Are right right, Yeah, exactly. We've talked about that before too,
7:01
Speaker 3: Just like you know, psychics, psychics aren't real, and the
7:05
Speaker 3: psychics could do like warm readings or cold readings or
7:07
Speaker 3: different things like that, and if you're in a situation
7:09
Speaker 3: that's generic enough for some of those tactics to catch
7:13
Speaker 3: you into like oh that's me, Oh that's me, Oh
7:15
Speaker 3: that's me. You could be tricked into think when somebody's
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Speaker 3: predicting your future or that they know something about you
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Speaker 3: that they really don't. Don't fall for that same guy
7:21
Speaker 3: on the finance side, just because the blue check or
7:24
Speaker 3: the loudest voice in the room one time hits something
7:26
Speaker 3: right and they talk about that all the time, there's
7:28
Speaker 3: probably a couple hundred times that they were not right.
7:31
Speaker 3: And those are the things that you should probably focus
7:33
Speaker 3: on all of those.
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Speaker 4: It's the person that goes to the track and wins
7:36
Speaker 4: every time. You know, you might win every time, But
7:39
Speaker 4: how about those losses that came before the web.
7:42
Speaker 3: You don't share those quite as much. But it just
7:44
Speaker 3: goes to show and during the long course of this
7:47
Speaker 3: of this program that you've done on here in sharing
7:49
Speaker 3: expertise with the folks that are listening, and I mentioned
7:52
Speaker 3: this at least every couple weeks, if you go back
7:54
Speaker 3: and listen to any of these things, the advice that
7:55
Speaker 3: you always give is right on the money. I mean,
7:58
Speaker 3: it's keeping people from going too far one way or
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Speaker 3: the other to paying attention to what their personal finances are,
8:03
Speaker 3: what their needs are, because really what you're doing is
8:05
Speaker 3: is your retirement is doing is is your retirement is
8:10
Speaker 3: building almost an economy into itself. I mean, you need
8:13
Speaker 3: to know what you need to customize in your life
8:15
Speaker 3: for it to work. And that's not necessarily going to
8:18
Speaker 3: be affected by the everybody else's impression of what's going on.
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Speaker 4: Right right, no doubt about it. And and you know,
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Speaker 4: there's a lot of anxiety too around retirement and planning
8:27
Speaker 4: for retirement. And you know, I think I think what
8:33
Speaker 4: you find is is there're all all this all this
8:36
Speaker 4: fear because retirement is a big change in life.
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Speaker 3: Yeah, no doubt.
8:39
Speaker 4: I mean there's there's I mean a number of reasons
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Speaker 4: that changes both both mathematically and also emotionally. But there's
8:47
Speaker 4: a lot of anxiety built up around that. But there's
8:50
Speaker 4: a study that was out that that we can get
8:53
Speaker 4: into that that that essentially surveys retirees and it turns
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Speaker 4: out that the vast majority of them are happy and
9:05
Speaker 4: are satisfied with their retirement. So all of those fears
9:09
Speaker 4: after they settle into that retirement for one reason or
9:11
Speaker 4: another seems to you know, be pushed aside, and contentment
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Speaker 4: is there. So I believe it's seventy six percent of
9:21
Speaker 4: Americans are that are in retirement are pleased with their
9:26
Speaker 4: station in life. That's a pretty good.
9:28
Speaker 3: Number, it is, and it makes a lot of sense.
9:30
Speaker 3: And I think really it really applies on what Americans
9:33
Speaker 3: are good at because maybe all of those people funded
9:37
Speaker 3: their retirement to the point where they could continue living
9:39
Speaker 3: their life exactly as they were before retirement. But more
9:42
Speaker 3: than likely what these folks understood is that there was
9:45
Speaker 3: a landing platform for retirement and they had to reduce
9:48
Speaker 3: their lives a little bit to fit within their retirement.
9:51
Speaker 3: And we're good at things like that, you know, I mean,
9:53
Speaker 3: we know how to manage those types of things in
9:56
Speaker 3: the country.
9:57
Speaker 4: Yes, and also the aitudes of individuals for certain things
10:02
Speaker 4: like for instance, social Security. You know, most folks that
10:05
Speaker 4: are you know, fifty plus kind of getting closer to retirement.
10:12
Speaker 4: They're a common theme that it won't be there when
10:15
Speaker 4: I retire, It won't be there when I retire. And
10:17
Speaker 4: it turns out that that it is there when you retire.
10:21
Speaker 4: And so all of those years that you were thinking,
10:23
Speaker 4: oh gosh, it's not going to be there when I retired,
10:26
Speaker 4: and well now it is. You know, those are the
10:29
Speaker 4: same thoughts that this current retired generation we're having, you know,
10:32
Speaker 4: ten or fifteen years ago, and the system is there
10:36
Speaker 4: and it's working for them. So the expectation was that
10:39
Speaker 4: social security is not going to be a portion of
10:42
Speaker 4: my retirement, and then it ends up being. And you know,
10:47
Speaker 4: even then the current environment here, if social security continues on,
10:51
Speaker 4: obviously we have a shortfall. But mathematically it doesn't take
10:56
Speaker 4: very much to fix that. Change some ages here and there,
11:00
Speaker 4: and and uh, you know, woila, it's I mean, it
11:05
Speaker 4: just takes a little will to fix it. And and
11:08
Speaker 4: you know in this country usually the will happens when
11:11
Speaker 4: we run out of runway and then the politicians have
11:14
Speaker 4: to do something.
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Speaker 3: You bring up a great point there, because there are
11:17
Speaker 3: retirement calculators and if you I have one on my like, uh,
11:20
Speaker 3: my work provided account, and if you play around with that,
11:23
Speaker 3: you can play around with well, here's what my uh
11:26
Speaker 3: the amount that I'm gonna put in every month is
11:27
Speaker 3: going to be. Here's when my retirement age is. It
11:29
Speaker 3: will tell you what your shortfall is and what you're
11:31
Speaker 3: expecting and then you can play around with those numbers,
11:33
Speaker 3: extend out your retirement a little bit more, add a
11:35
Speaker 3: little bit more to what you're you're giving every month,
11:38
Speaker 3: and see if you can shrink that number down a
11:39
Speaker 3: little bit. I mean, you can play with that a
11:40
Speaker 3: little bit.
11:41
Speaker 4: Oh absolutely, and and uh you know, just human beings
11:45
Speaker 4: in in general can adapt very well. I mean that's
11:50
Speaker 4: why we, uh we rule the planets. You're good at adapting,
11:53
Speaker 4: and we have a thumbs and we have a little
11:55
Speaker 4: thumbs and we can adapt and uh so well in
12:00
Speaker 4: that change. After it settles in, you know, people learn
12:06
Speaker 4: to live within their means in retirement, whatever those means are,
12:13
Speaker 4: and find contentment there after you get through that emotional
12:17
Speaker 4: stage of it.
12:18
Speaker 3: I think what we find a lot of times, and
12:20
Speaker 3: what we've learned over the years with John doing the
12:22
Speaker 3: show on here is for whatever reason, retirement is one
12:26
Speaker 3: of those things that we're expected to learn along the way.
12:29
Speaker 3: You know, you got to go to a professional like John.
12:31
Speaker 3: You've got to figure these things out because just like
12:34
Speaker 3: your different types of finances of mortgage finances and different
12:37
Speaker 3: things like that, you're turned loose into the world after
12:39
Speaker 3: your college degree, after you graduate, trade school, whatever it
12:42
Speaker 3: might be. You're turned loose into the world not really
12:44
Speaker 3: knowing anything about any of this stuff. Credit card dead,
12:47
Speaker 3: how to sign up for a mortgage, what it means
12:49
Speaker 3: homeowners insurance? Like you pretty much just have to like
12:52
Speaker 3: ask somebody or figure it out on yourself. There's no
12:55
Speaker 3: classes for these things. Well well, I mean there are,
12:57
Speaker 3: but not necessarily through school.
12:58
Speaker 4: And I think too that this idea of the anxiety
13:02
Speaker 4: around retirement and are you saving enough and all of
13:08
Speaker 4: that emotion is also the the catalyst for a lot
13:15
Speaker 4: of people to do the work that needs to be
13:18
Speaker 4: done to get to retirement.
13:19
Speaker 3: Man, that's a great point, right, So you know, if
13:21
Speaker 3: we weren't worried about it, that a great point.
13:23
Speaker 4: I know what we're not. We're not going to be
13:25
Speaker 4: satisfied in retirement. But the fact that people are worry
13:28
Speaker 4: about it, you know, while they're working, you know, they
13:33
Speaker 4: usually don't just throw their hands up. They say, well, man,
13:36
Speaker 4: I really need to start saving, I really need to
13:38
Speaker 4: start investing, and slowly they do. And that is why
13:43
Speaker 4: when retirement comes so so in a way, that anxiety
13:47
Speaker 4: it's it's sort of like, you know, you put your
13:49
Speaker 4: hand on a hot stove and you get burnt, you
13:51
Speaker 4: probably won't do that again, and so it's the same
13:55
Speaker 4: sort of thing. Maybe that that stimulus is what has
13:59
Speaker 4: created that satisfaction down the road for a lot of folks.
14:02
Speaker 3: Great information is always a genre debt. Fourth Avenue Financial.
14:05
Speaker 3: If you want to figure out how to put the
14:06
Speaker 3: market work for you, or maybe you have some anxiety
14:08
Speaker 3: going into you know, your near stage retirement. Maybe you're
14:10
Speaker 3: just a few years out. You know, you're in your
14:13
Speaker 3: late fifties, and you're worried what's going to happen over
14:15
Speaker 3: the next several years before you're hoping to be able
14:17
Speaker 3: to get get out of the rigamarole and get into
14:19
Speaker 3: your retirement. You're wondering if you're fortified and diversified properly,
14:23
Speaker 3: maybe you can give John a question to ask those questions.
14:25
Speaker 3: Or any stage that you are along the path of
14:28
Speaker 3: trying to figure out your retirement, you can be helped
14:31
Speaker 3: to retire right with jobredab at Fourth Avenue Financial. You
14:33
Speaker 3: give us a call this morning three zero four three
14:34
Speaker 3: four two eight one three one. Also online, it's Fourth
14:36
Speaker 3: Avenue Financial dot com. Fourth Avenue Financial dot Com. You
14:39
Speaker 3: spell out the whole thing. Fourth Avenue Financial dot Com,
14:42
Speaker 3: or you go to Facebook do the same searching. You
14:43
Speaker 3: can like the page over there, and I guess that
14:46
Speaker 3: through the article or the I guess the survey that
14:49
Speaker 3: Gallup did, and the the relation to that is, you know,
14:55
Speaker 3: we've we've mentioned things before like set it and forget it,
14:57
Speaker 3: or you know, whatever it might be. It's not necessarily
14:59
Speaker 3: the case, but the the truth of the matter is,
15:01
Speaker 3: if you have a planning, you work it, and you
15:03
Speaker 3: get into retirement and things deploy the way that you
15:05
Speaker 3: expect it to. Like seventy six percent of the people
15:08
Speaker 3: said on here, you're gonna be pretty happy with your retirement.
15:10
Speaker 3: You can do it correctly regardless of where you are
15:13
Speaker 3: financially in your life. You just have to have the
15:14
Speaker 3: discipline and the willpower to start.
15:17
Speaker 4: Yeah, and and yeah for sure, for sure, and the
15:22
Speaker 4: expectations versus reality might be a little different than you planned.
15:26
Speaker 3: You know.
15:27
Speaker 4: This survey also breaks down some some you know, beliefs
15:32
Speaker 4: that you have when you're when you are pre retirement
15:36
Speaker 4: versus in retirement. For instance, most folks think that part
15:40
Speaker 4: time work. Twenty percent of people think part time work
15:42
Speaker 4: will end up being part of their retirement plan. The
15:46
Speaker 4: reality is of retirement. That's only three percent.
15:49
Speaker 3: Really, yeah, see that's the whole that's the thing that
15:52
Speaker 3: the whole thing that people talk about all the time,
15:53
Speaker 3: right is like, you know, you say you're going to retire,
15:55
Speaker 3: but you're gonna end up getting a job or something
15:57
Speaker 3: otherwise or something like that. I thought my mom would
15:59
Speaker 3: do that. She didn't. She was done, you know, Like
16:01
Speaker 3: I was like, oh, mom, can't stop working. She cold
16:03
Speaker 3: turkey stopped work. Problem.
16:05
Speaker 4: Right, So you know, that is a misconception. According to
16:10
Speaker 4: the survey. That doesn't mean, you know, people don't do it.
16:13
Speaker 4: Certainly people do it, but but the vast majority of
16:16
Speaker 4: people that believe they're going to do it end up not.
16:20
Speaker 4: And so so that also tells you if they're electing not,
16:25
Speaker 4: then their retirement must be better than they thought it
16:27
Speaker 4: would be.
16:28
Speaker 3: It makes you wonder sometimes people are assuming that they're
16:30
Speaker 3: going to work in retirem because they're going to have to,
16:32
Speaker 3: and then they get there and they're like, hey, I
16:34
Speaker 3: actually did.
16:34
Speaker 4: Okay, I can make this work.
16:36
Speaker 3: Right. It's a good feeling. If you get to that
16:38
Speaker 3: great feeling, it's going to be pretty good.
16:41
Speaker 4: Percent of people believe that as part of their retirement plan,
16:45
Speaker 4: an inheritance will play a part.
16:47
Speaker 3: Oh, that's a dangerous game to play.
16:49
Speaker 4: In reality, only five percent of people that that it
16:52
Speaker 4: plays a significant part in their retirement. That's never a
16:56
Speaker 4: good a good plan to assume that you're going to
16:59
Speaker 4: inherit at something.
17:00
Speaker 3: I've seen two circumstances in my life around estates, where
17:05
Speaker 3: other people in my families expected to get some paychecks.
17:08
Speaker 3: I never did. And it was great because the states
17:11
Speaker 3: get spent down very quickly, right right.
17:14
Speaker 4: And and so you know, the the on the on
17:17
Speaker 4: the opposite side of that, the areas that play a
17:20
Speaker 4: bigger role in retirement than people thought. Social Security is
17:24
Speaker 4: number one. You know a lot of folks going into
17:27
Speaker 4: retirement don't really understand how those benefits work and how
17:32
Speaker 4: much they're worth.
17:34
Speaker 5: All right.
17:34
Speaker 3: Yeah, you know.
17:35
Speaker 4: When you take you know, a few thousand dollars a
17:38
Speaker 4: month income off of Social Security for instance, I mean,
17:40
Speaker 4: that's equivalent to a pretty large pool of money that
17:43
Speaker 4: would have to be there to generate that type of income.
17:46
Speaker 4: There's a lot of uh kind of stored wealth there
17:50
Speaker 4: that that has been built up that a lot of
17:53
Speaker 4: folks are just writing off or discounting because they don't
17:56
Speaker 4: trust the system.
17:58
Speaker 3: Yeah, that seems like a mistake. I mean, you take
17:59
Speaker 3: a why you can, right, regardless of what your other
18:03
Speaker 3: views are.
18:03
Speaker 4: So that is the number one misconception is that the
18:06
Speaker 4: impact of Social Security on the average person's retirement.
18:10
Speaker 3: And actually ends up more than what they expect. Yes, yes, interesting.
18:14
Speaker 4: And it has cost of living you know, increase that
18:16
Speaker 4: helps keep it somewhat relative irrelevant. I mean a lot
18:19
Speaker 4: of folks don't believe that it keeps up well enough.
18:22
Speaker 4: But at least there is something unlike a lot of
18:24
Speaker 4: pension plans, you know, pension plans. Once you say, well
18:28
Speaker 4: I get fifteen hundred dollars a month on my pension,
18:30
Speaker 4: for instance, well that's fifteen hundred dollars twenty years from
18:33
Speaker 4: now too. Generally, social Security actually indexes for inflation to
18:37
Speaker 4: help keep up.
18:39
Speaker 3: Yeah, that's a great point. And again some of the
18:42
Speaker 3: nuances that people may not understand, and like you said,
18:46
Speaker 3: sometimes folks, because they're so distressing of institutions or something
18:49
Speaker 3: like that, aren't looking at these opportunities that I mean,
18:51
Speaker 3: it's more than an opportunity. That's your money that you
18:53
Speaker 3: paid in there. I mean, you might as well take
18:55
Speaker 3: advantage of it somehow.
18:57
Speaker 4: Yeah, yeah, And like you say, even this as it
19:00
Speaker 4: is right now, it's still roughly cash flowing deposits versus
19:07
Speaker 4: withdraws from the workers. You know, it's we've just slipped
19:10
Speaker 4: into the negative I think here in the last handful
19:13
Speaker 4: of years. But even at that, if nothing is solved
19:18
Speaker 4: and the government can't pay it, there's still cash flow
19:20
Speaker 4: there that paid the vast majority of benefits. This concept
19:23
Speaker 4: that you know, the system is so broken that I
19:26
Speaker 4: won't get anything after paying into it for fifty years,
19:31
Speaker 4: that is is you don't know one as a crystal ball,
19:35
Speaker 4: But that's a has proven to be a fear thought
19:38
Speaker 4: that's been going on now for really a generation or more.
19:41
Speaker 3: I feel that's that's like a highlight point that people
19:44
Speaker 3: should understand, is that there's an argument on both sides
19:47
Speaker 3: of Social Security, and frankly, both of them are lying.
19:50
Speaker 3: They really are. And that's unfortunate because the people that
19:55
Speaker 3: it deals the most with are people that are closest
19:57
Speaker 3: to the end of their their working lives. They need
19:59
Speaker 3: to have the trust and they need have the trust
20:02
Speaker 3: in the institutions. It's going to allow them to retire
20:04
Speaker 3: and everything else, and there's all of this playing on
20:08
Speaker 3: the fears of these people. Unfortunately, and if the truth
20:11
Speaker 3: was revealed about the matter that you know things, I mean,
20:13
Speaker 3: we need to take care of the solvency and make
20:15
Speaker 3: sure things are going to work. But right now and
20:16
Speaker 3: in the foreseeable future, it's really not that point. That's
20:19
Speaker 3: not the point.
20:19
Speaker 4: Yeah, if I'm you know, if I'm fifty eight years
20:21
Speaker 4: old and getting ready to retire and looking at Social Security,
20:25
Speaker 4: I would be personally pretty confident that what I promise
20:29
Speaker 4: is going to be there. If I'm thirty years old
20:32
Speaker 4: looking at the program, looking at my retirement, you know,
20:36
Speaker 4: I would even be thinking, I'm going to have a
20:38
Speaker 4: program there now. Will sixty seven be my retirement age
20:43
Speaker 4: or will seventy? You know, there may be some changes
20:46
Speaker 4: for the younger person because but also the younger person
20:49
Speaker 4: has much more time to fill that hole. And the
20:56
Speaker 4: reality is, you know, with medical advances seventy you know,
21:01
Speaker 4: thirty years.
21:01
Speaker 3: We need to reverse the trend because we're going back
21:03
Speaker 3: around the country. So we need to reverse the trend
21:05
Speaker 3: because we're dying younger now.
21:07
Speaker 4: Unfortunately, which helps the solveigncy.
21:09
Speaker 3: Yeah, let's there, you go, you know, that helps those
21:11
Speaker 3: scurity as well.
21:12
Speaker 4: Flip side issue, isn't there.
21:14
Speaker 3: Listen to this. Let's go ahead and take a break
21:16
Speaker 3: and get that out of the way and we'll come
21:18
Speaker 3: back on the other side. Hey, if you want to
21:19
Speaker 3: control the conversation, you have some questions about anything that
21:21
Speaker 3: we've talked about or something different, you give us a
21:23
Speaker 3: call this morning three zero four three four two eight
21:24
Speaker 3: one three one three four two eight one three one.
21:26
Speaker 3: You can also text over your questions to three zero
21:28
Speaker 3: four non three five five zero zero eight. You're listening
21:30
Speaker 3: to asks the expert. It's retire Right Radio, but John
21:33
Speaker 3: Bredett fro Fourth Avenue Financial, Fourth Avenue Financial dot com.
21:36
Speaker 3: I'm del Cooper. This is five eight WCHS the Voice
21:38
Speaker 3: of Charleston. Retire Right Radio was sponsored by Fourth Avenue Financial,
21:41
Speaker 3: which is solar responsible for its content. Security is offered
21:44
Speaker 3: through jw CLL Financial member Fenricipic. Investment advice offered through
21:47
Speaker 3: jw CO Advisors, Fourth Avenue Financial. Jw CLL Financial and
21:50
Speaker 3: jw CO Advisors are unaffiliated entities. The opinions expressed by
21:54
Speaker 3: John Bredet should not be construed as a specific investment, legal,
21:57
Speaker 3: or tax advice. All economic and performance information is historical
22:00
Speaker 3: and not indicative of future results. Investing may involve risk
22:04
Speaker 3: of loss of principle. Any tax advice on this show
22:06
Speaker 3: is not intended to be used by any person for
22:08
Speaker 3: the purpose of avoiding US federal or state tax penalties
22:11
Speaker 3: that may be imposed on such a person, and each
22:13
Speaker 3: listener should seek advice from their tax advisor or legal
22:17
Speaker 3: console on topics that arise from the show. John Burdett
22:19
Speaker 3: is not providing legal or tax advice. Nothing should be
22:22
Speaker 3: construed as solicitation of an offer to buy securities. This
22:25
Speaker 3: program is sponsored by Fourth Avenue Financial, which is solely
22:28
Speaker 3: responsible for its content.
22:29
Speaker 6: Life is full of challenges. Finding out your teenage daughter
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23:02
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23:29
Speaker 5: Is retire Rife Radio with John Burdad from Fourth Avenue Financial,
23:34
Speaker 5: taking your calls at three oh four three four five
23:37
Speaker 5: fifty eight fifty eight or texts on three oh four
23:40
Speaker 5: nine three five fifty oh eight.
23:50
Speaker 3: You're listening to We're Sorry, I Write Radio FIVEHS. The
23:52
Speaker 3: voice or charleson what don't we get a little stormy
23:54
Speaker 3: this afternoon? I think about two o'clock this afternoon, where's
23:57
Speaker 3: supposed to get a little bit stormy outside, and the
24:00
Speaker 3: weather's going to turn a little bit. But right now,
24:02
Speaker 3: you couldn't convince me of that. It is absolutely gorgeous outside.
24:04
Speaker 3: It's it's warm, it's sunny. I walked out of the
24:06
Speaker 3: house this morning and it was I was very surprised.
24:09
Speaker 3: It wasn't even a tinge of chill in the air.
24:10
Speaker 3: I mean, it was legitimately like a summer morning almost. Yeah.
24:13
Speaker 4: Yeah, it was nice this morning and but stormy. That
24:17
Speaker 4: could be the market we'reking.
24:18
Speaker 3: Hey, that's right, we catus.
24:20
Speaker 4: We're down a little bit this morning. So I think
24:23
Speaker 4: it was they're saying because of the firing of putting,
24:31
Speaker 4: not firing, but the talk about the Trump winning to
24:34
Speaker 4: fire Pal.
24:35
Speaker 3: Oh yeah, right chairs, which you can't do, so I mean, right.
24:39
Speaker 4: But but you know, hey, it's something we can move
24:42
Speaker 4: the market with exactly.
24:44
Speaker 3: Yeah, I mean, if yeah, not even get into that.
24:48
Speaker 3: If only we had somebody on the inside, right, I mean,
24:50
Speaker 3: I guess that's how people go to jail. But there's
24:52
Speaker 3: people making money somewhere off of all this stuff. There's
24:54
Speaker 3: no question about that. Somebody that has a little fly
24:57
Speaker 3: on the wall somewhere that knows when to get in
24:58
Speaker 3: and when to get out of certain areas. There's people
25:01
Speaker 3: that are definitely taking advantage of that these days. We're
25:04
Speaker 3: talking this morning about your retirement though, and you can
25:06
Speaker 3: ask any questions of John if you'd like to steer
25:08
Speaker 3: this conversation on something that can help you at three
25:09
Speaker 3: zero four three four two eight one three one three
25:11
Speaker 3: zero four three four two eight one three one. And
25:15
Speaker 3: this should be obvious from the conversations that we've had
25:17
Speaker 3: in the past and from what we were even talking
25:20
Speaker 3: about this morning, where people they're finding in their retirement
25:22
Speaker 3: they're very satisfied their retirement. But even today, even with
25:25
Speaker 3: the choppy, stormy market, even with everything that's out there,
25:28
Speaker 3: today is still a good day. If you haven't set
25:30
Speaker 3: up your retirement, do it today.
25:32
Speaker 4: Yes, if you want to be one of the satisfied
25:34
Speaker 4: people the survey's finds in retirement, then take the anxiety,
25:39
Speaker 4: take the fear, and turn it into action.
25:42
Speaker 3: That's a great point.
25:43
Speaker 4: Turn that into action. Get yourself in order financially, and
25:49
Speaker 4: you won't have to worry about retirement.
25:51
Speaker 3: And at the very least right now you'll have to
25:52
Speaker 3: worry about stocks being overvalued.
25:54
Speaker 4: Everybody focuses on the market. Everybody focuses on yah, you know,
26:00
Speaker 4: the news of the day, But The reality is you
26:05
Speaker 4: have more control than you think. Your actions are largely
26:09
Speaker 4: what will determine your outcome. If you're saving and investing consistently,
26:14
Speaker 4: if you're living within your means and not creating debt,
26:18
Speaker 4: and you do that year after year after year. It's
26:22
Speaker 4: not spectacular, it's not sexy. It's just one day after
26:27
Speaker 4: the other doing small, incremental things correctly, and when retirement comes,
26:32
Speaker 4: you won't have a worry.
26:34
Speaker 3: Yeah. Yeah, And that's the thing that we like to
26:38
Speaker 3: get people on the on the right path there, because
26:40
Speaker 3: you've met the people in your life. I'm sure that
26:42
Speaker 3: that didn't have a plan. You know, they get to
26:44
Speaker 3: the point where they would like to be able to retire,
26:46
Speaker 3: but they're having to work not part time jobs. But
26:48
Speaker 3: sometimes you have to just work that you can actually retire.
26:51
Speaker 3: You know, you keep on pushing it off more and
26:53
Speaker 3: more and more, and some people can make that work.
26:55
Speaker 3: But man, you don't want to be sixty nine and
26:58
Speaker 3: not see any any on the horizon. You know, you
27:01
Speaker 3: want to at least see the end of the end
27:04
Speaker 3: of the road, even if it's going to take you
27:05
Speaker 3: a little extra long to get there. So even if
27:07
Speaker 3: you start getting a late start, and you're not sure
27:10
Speaker 3: exactly how you're going to get it resolved. You've got
27:11
Speaker 3: to start sometime, and today's just as today's the best day,
27:14
Speaker 3: better than tomorrow. You got to start.
27:16
Speaker 4: And even though the survey says seventy six percent of
27:18
Speaker 4: people are satisfied, that means twenty four percent of people aren't. Right. True,
27:22
Speaker 4: you know, one in four people are not satisfied with
27:24
Speaker 4: their retirement. But that outcome is totally in your control
27:30
Speaker 4: if you grab the day, seize the day, and just
27:34
Speaker 4: determine that, hey, I'm going to start taking the right steps.
27:37
Speaker 4: It's not overnight, it's not a quick fix. But if
27:41
Speaker 4: you start doing the right thing consistently, it will add
27:43
Speaker 4: up and take care of you in the future.
27:46
Speaker 3: I mentioned this last week, but I've heard it two
27:48
Speaker 3: more times since then, and it's just I think that
27:51
Speaker 3: sometimes common what was once common knowledge, it gets reinterpreted
27:57
Speaker 3: as something else later in life. And so I heard
28:00
Speaker 3: Ron mentioned twice again last week with people talking about
28:02
Speaker 3: I don't know how I can trust retirement. It will
28:04
Speaker 3: be just like Inron. Man, this is nothing like Inron.
28:06
Speaker 3: There's nothing even remotely like Inron. With it that was
28:08
Speaker 3: a private company, I had to do with pensions and
28:11
Speaker 3: and things that had nothing.
28:12
Speaker 4: To do with this one and company right out of thousands,
28:16
Speaker 4: and people think.
28:16
Speaker 3: That just like Inron now means that the market's going
28:18
Speaker 3: to crash. Those things are not related at all.
28:20
Speaker 4: The people that lost everything in Inron were the people
28:25
Speaker 4: that did not plan accordingly and properly. Yeah, we're not diversified.
28:30
Speaker 3: You know.
28:30
Speaker 4: Most of the stories about people losing Inron were the
28:34
Speaker 4: employees that invested in the stock were forced to invest
28:38
Speaker 4: in the stock through their retirement party.
28:40
Speaker 3: It wasn't thir parties that were involved that that were
28:42
Speaker 3: investing in Inron that lost their money. It was the
28:44
Speaker 3: people that were there.
28:45
Speaker 4: Yeah, and and and even that those rules now have changed,
28:49
Speaker 4: right you know, or ow and K's things like that
28:52
Speaker 4: are are are structured a little bit differently today to
28:56
Speaker 4: because of because of that, potentially.
28:58
Speaker 3: You learn, Yeah, you learn on those things. It's frustrating.
29:00
Speaker 3: It's gotta be frustrating to you somebody that's in a
29:02
Speaker 3: highly specific industry where there's where there's truths and falses.
29:06
Speaker 2: You know.
29:06
Speaker 3: I mean, there's very very immense amount of data that
29:10
Speaker 3: you can refer to and know things that are that
29:13
Speaker 3: are things and things that aren't things. And it's very
29:15
Speaker 3: frustrating when people take like common vernacular and then reinterpret
29:19
Speaker 3: it in their brain to mean something, and then they
29:20
Speaker 3: start repeating it, and depending on who that person is
29:23
Speaker 3: and what their influence is and where it's at, suddenly
29:25
Speaker 3: more and more people start believing on something that's just
29:27
Speaker 3: not even close to truth.
29:29
Speaker 4: Right And and you know, right now people are saying,
29:32
Speaker 4: I've lost X amount of dollars in my account. Did
29:35
Speaker 4: you sell? Well, then you didn't lose because you own
29:38
Speaker 4: the same percentage of ownership in those companies that are
29:41
Speaker 4: producing profits. The market may be down, but you don't
29:46
Speaker 4: lose unless you let the person throwing the lower price
29:52
Speaker 4: bids out to you. When by selling to them, you know,
29:57
Speaker 4: if you are patient and your company is quality and
30:01
Speaker 4: it's earning money, why would you sell that? You know,
30:04
Speaker 4: we've gone over that Tom and Tom again on the
30:06
Speaker 4: show about the piece of real estate you pay one
30:10
Speaker 4: hundred thousand where you rent it for one thousand dollars
30:12
Speaker 4: a month. If if somebody knocks on the door and
30:15
Speaker 4: offers you eighty thousand, you wouldn't panic in that situation.
30:19
Speaker 4: You tell them to hit the road and that's what
30:22
Speaker 4: you have to think about when you're owning stocks. It's
30:24
Speaker 4: just as real as as that piece of real estate is.
30:28
Speaker 4: And if you don't need the money at that particular time,
30:31
Speaker 4: it doesn't matter what the price is. It doesn't matter
30:36
Speaker 4: at all. If it's a productive asset producing earnings. Eventually
30:40
Speaker 4: the earnings will win.
30:43
Speaker 3: You've made that great point so many times because if
30:45
Speaker 3: you're in a company that's doing something that's manufacturing or
30:48
Speaker 3: providing something that people need over the long course of time,
30:51
Speaker 3: maybe in twelve months, you know, it might be static
30:54
Speaker 3: or not really doing much. In five years, it's likely
30:56
Speaker 3: to be up. In fifteen years, it's certainly going to
30:58
Speaker 3: be up. And through the history, because the thing's two
31:00
Speaker 3: hundred years old, it's always been on the incline, whereas
31:03
Speaker 3: on the flip side of things you have people like
31:04
Speaker 3: trying to take jump guesses on peloton or something like that,
31:08
Speaker 3: which was an industry that that had a moment that
31:11
Speaker 3: if you wrote, if you wrote on it, I guess
31:12
Speaker 3: you could have been fine. But I mean it's settled
31:14
Speaker 3: down into I don't think it's quite junkstock, but I
31:16
Speaker 3: mean it's it's settled down considerably now because it was
31:19
Speaker 3: a thing of the moment. It wasn't something that had
31:22
Speaker 3: a history of repeatably producing a service or a product
31:24
Speaker 3: that people wanted over a long period of time. And
31:26
Speaker 3: people lost out on it because they got a little
31:29
Speaker 3: too excited, or as somebody that was more conservative in
31:31
Speaker 3: their investments, like hey, Acme company has been producing widgets
31:35
Speaker 3: for a hundred years and and they've never let me down.
31:38
Speaker 3: Acan Widgets is still in business today and still doing fine.
31:40
Speaker 4: You know.
31:40
Speaker 3: I mean, it's it's the way that it works. Yeah.
31:43
Speaker 4: Yeah, if you're if your company continually earns money, you
31:47
Speaker 4: as the owner have to eventually benefit from that if
31:53
Speaker 4: you're patient. And so the key becomes, am I structuring
31:57
Speaker 4: my portfolio to the terms that I need the money
32:00
Speaker 4: for my life?
32:02
Speaker 3: You know?
32:03
Speaker 4: Sometimes you can't outweight the market if it if it right,
32:06
Speaker 4: it doesn't work, well, then you should have been planning
32:09
Speaker 4: for that because we know this happens to the market
32:12
Speaker 4: from time to time. But we also know that's where
32:15
Speaker 4: the growth is. So you have to have the market.
32:19
Speaker 4: But you also as your needs change and you have
32:22
Speaker 4: short term you know, income needs, things of that nature,
32:25
Speaker 4: you need to allocate it differently. It's it's not that
32:29
Speaker 4: complicated of a process. If you understand kind of fundamentally
32:33
Speaker 4: how how these things work, it's it's much easier to
32:37
Speaker 4: understand and stick to it over time. And that's that's
32:39
Speaker 4: what makes you successful. This jumping in, jumping out following
32:43
Speaker 4: the headlines is it's not long term winning strategy.
32:47
Speaker 3: Yeah, that's as always great information, but genenre debt from
32:49
Speaker 3: fourth that AVPU in financial andcourage you to get into
32:51
Speaker 3: the conversation if you want to. Before we have to
32:52
Speaker 3: leave the airwaves here in just a few minutes, you
32:53
Speaker 3: can still sneak in with a phone call. Fe you like,
32:55
Speaker 3: threes are a four three four two eight one three one.
32:57
Speaker 3: Threes are a four three four two eight one three one.
32:59
Speaker 3: You can also text any questions you have to three
33:01
Speaker 3: zero four non three five five zero zero eight three
33:04
Speaker 3: zero four non three five five zero zero eight is
33:06
Speaker 3: a number that you can get in on. So for
33:08
Speaker 3: folks that are looking to maybe they're out there and
33:11
Speaker 3: they have just their four on one K they or
33:13
Speaker 3: they haven't started a retirement yet, or they've been hesitant
33:17
Speaker 3: with money just sitting in like a savings account or
33:20
Speaker 3: something along those lines. You really need to get off
33:22
Speaker 3: the side lines on something on something along those lines,
33:26
Speaker 3: because if you're not having your money do work for you.
33:28
Speaker 3: I mean, if you have your four one k, that's
33:29
Speaker 3: great by itself. It may not do exactly what you
33:32
Speaker 3: haven't planned, or at least there's ways that you can
33:34
Speaker 3: make your money do better work for you. But the
33:36
Speaker 3: last thing you want right now is to have money
33:37
Speaker 3: sitting on the side line somewhere where where you just
33:39
Speaker 3: have money powed into it to a savings account or
33:42
Speaker 3: in your mattress or whatever it might be. That's not
33:44
Speaker 3: going to help you in your retirement.
33:46
Speaker 4: Yes, cash is not a long term asset. Cash is
33:49
Speaker 4: a short term solution. You know, if you need money
33:53
Speaker 4: two months from now and you have cash, great, you
33:55
Speaker 4: know it's there, there's no volatility. Fine, But if you
34:02
Speaker 4: have a polo cash this year or last year, and
34:05
Speaker 4: you have a polo cash this year, could you buys
34:07
Speaker 4: money for instance, eggs, No, you couldn't. Cash didn't do
34:12
Speaker 4: a very good job at keeping up with inflation. That's
34:16
Speaker 4: not a good long term investment because the value of
34:19
Speaker 4: that cash keeps declining. So you have to look at
34:23
Speaker 4: your individual situation and say, Okay, what are my needs
34:26
Speaker 4: for this money. You know what time frame for this money,
34:29
Speaker 4: and if it's long term, this volatility can be an
34:32
Speaker 4: opportunity to start waiting into the market. You know, don't
34:36
Speaker 4: jump in with both feet, you know, but you can
34:38
Speaker 4: start averaging in. You know, the market's down ten percent
34:42
Speaker 4: year today, let's put a little bit of money to work.
34:45
Speaker 4: It might go down twenty percent. Well, let's put a
34:49
Speaker 4: little more money to work. You know, we don't know
34:51
Speaker 4: where the bottom is going to be in any decline,
34:55
Speaker 4: but we know that if we own quality companies that
34:58
Speaker 4: are earning and consistently grow owing their earnings, if we're
35:01
Speaker 4: patient as the owner of the company, we're probably going
35:05
Speaker 4: to do pretty well. I mean, that's what we know.
35:08
Speaker 4: That's sure, that's all we know. I can't tell you
35:12
Speaker 4: what the Mars headline is going to be, but I
35:15
Speaker 4: can tell you if my company's earning money and I'm
35:17
Speaker 4: the owner of that company, I'm probably going to do
35:19
Speaker 4: pretty well.
35:20
Speaker 3: It's all about your perspective and keeping it right and
35:23
Speaker 3: making sure that you're properly diversified and have the proper
35:26
Speaker 3: out outlook in your investments. You can hold whatever opinions
35:31
Speaker 3: that you want in your personal life. When it comes
35:33
Speaker 3: to your investments, they really should be a opinion that aided.
35:37
Speaker 3: There should be no opinion to your investments other than
35:39
Speaker 3: just doing work for you and making sure that you
35:41
Speaker 3: can get to retirement. And sometimes, oftentimes and most excellently,
35:45
Speaker 3: you could use an expert to help you with those decisions,
35:48
Speaker 3: because it's impossible for all of us to keep up
35:49
Speaker 3: with all the changes that happens in the various disbursements
35:54
Speaker 3: and regulations and different things that you have to do.
35:56
Speaker 3: It's impossible to maximize those things to where the money
35:59
Speaker 3: can do the best work for you. And that's why
36:00
Speaker 3: you bring a professional in to help you retire right,
36:03
Speaker 3: and John Bredeck can help you do that with Fourth
36:04
Speaker 3: Avenue Financial. You can find out more information online. It's
36:07
Speaker 3: fourth Avenue Financial dot com. Do you have a date
36:08
Speaker 3: for the next dollars to donuts?
36:10
Speaker 4: I do not, Gosh, I feel so bad you keep
36:12
Speaker 4: asking me.
36:13
Speaker 3: I'm sorry I should have asked first before I brought
36:15
Speaker 3: it up. I promise I'll have it soon, but we'll
36:18
Speaker 3: do it again soon. Let's see Fourth Avenue Financials located
36:20
Speaker 3: one seventy Court Street, Downtown, Downtown Charles and their phone
36:23
Speaker 3: number three zero four seven, four six seven nine seven
36:25
Speaker 3: seven three zero four seven, four six seven, nine seven
36:27
Speaker 3: seven is a number that you can call to get
36:29
Speaker 3: a whold of Fourth Avenue Financial and again on line
36:30
Speaker 3: fourth Avenue Financial dot com. You can use the contact
36:33
Speaker 3: form there also like the Facebook page on that same search,
36:36
Speaker 3: and when there is a new Dollars to Donuts coming out,
36:38
Speaker 3: you'll be notified of when that's going to happen. Retire
36:42
Speaker 3: Right Radio is a service of Fourth Avenue Financial here
36:45
Speaker 3: on Ask the Expert that you can find every single
36:47
Speaker 3: Monday after the show's over. You can find it on
36:50
Speaker 3: our podcast station. It's WCHS network dot com, slash podcast
36:55
Speaker 3: or slash retire Right. Depending on if you want to
36:57
Speaker 3: get to all of our podcasts or just to John's podcast,
36:59
Speaker 3: we can do it. John, thank you so much for
37:01
Speaker 3: your time. I appreciate that.
37:02
Speaker 4: I appreciate it. You enjoyed the day out there.
37:04
Speaker 3: Yeah, it's gonna be nice at least until about two
37:05
Speaker 3: or so. I think that's when the storms are going
37:07
Speaker 3: to run through. See you next week. That's John Burdett
37:08
Speaker 3: with Fourth Avenue Financial. I'm Dell Cooper. Thanks so much
37:10
Speaker 3: for tuning in to retire Right Radio. Coming up next
37:13
Speaker 3: is going to be Dave Allen five eight Live. After
37:15
Speaker 3: that'll be Dave Wilson and tj On on talk Line,
37:19
Speaker 3: and then Amanda Baron and Dave Allen will be back
37:21
Speaker 3: for midday in the afternoon, and then I'll be back
37:23
Speaker 3: this afternoon at three oh six with Dave Weekly for Hotline.
37:26
Speaker 3: Thanks so much for tuning in today. Everyone, we'll talk
37:28
Speaker 3: to You'll talk to you later on. Have a great
37:30
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