Latest / WCHS Network Podcasts / 09/11/2024 Retire Right Radio with John Burdette

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09/11/2024 Retire Right Radio with John Burdette · WCHS Network Podcasts

0:00
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Speaker 2: The views and opinions expressed on this program do not
0:18
Speaker 2: necessarily reflect the views and opinions of five ADWCHS, its employees,
0:23
Speaker 2: or WVRC Media. This is Retire Right Radio, a weekly
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Speaker 2: show from John Verdet at Fourth Avenue Financial that aims
0:31
Speaker 2: to answer your questions about financial planning, investing, and how
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Speaker 2: to retire right. Fourth Avenue Financial is located in downtown
0:39
Speaker 2: Charleston at one seventy Court Street. More information online at
0:43
Speaker 2: Fourth Avenue Financial dot com. Join the conversation by calling
0:47
Speaker 2: three oh four three four five fifty eight fifty eight
0:50
Speaker 2: or text three oh four nine three five fifty oh eight.
0:54
Speaker 2: On Retire Right Radio, let's go live to the studio
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Speaker 2: with host Dale Cooper and John Verdett, Fourth Avenue Financial, Fancies.
1:03
Speaker 3: And a very pleasure. Good morning to you. Thanks for
1:05
Speaker 3: tuning in to ask the expert to Retire Right Radio
1:08
Speaker 3: edition again on a Tuesday. On a Wednesday, we might
1:11
Speaker 3: have to start relabeling the show a little bit every
1:13
Speaker 3: once in a while. You're listening to retire Right Radio.
1:15
Speaker 3: This morning, John Bredad is here from Fourth Avenue Financial
1:18
Speaker 3: taking your phone calls three zer four three four five
1:20
Speaker 3: fifty eight fifty. You can also text over your questions
1:22
Speaker 3: the three zero four non three five five zero zero
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Speaker 3: eight three zero four non three five five zero zero eight.
1:27
Speaker 3: If you want to have advice on how you can
1:29
Speaker 3: retire right take a good stewardship if your financial future,
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Speaker 3: John Burdett can help you out with that at Fourth
1:33
Speaker 3: Avenue Financial. More information online Fourth Avenue Financial dot com.
1:37
Speaker 3: I'll get the rest information out to you as the
1:39
Speaker 3: show goes on. John, Good morning. How you doing this morning.
1:41
Speaker 3: I'm doing great. Thanks for coming in this morning. I
1:43
Speaker 3: appreciate your time as always, and man, it's just been
1:48
Speaker 3: a Look, you've been doing this for a long time,
1:50
Speaker 3: so you've seen things come and go and come and go.
1:53
Speaker 3: But it's been kind of an interesting year. I would
1:55
Speaker 3: assume someone who studies economics and maybe someone in your
1:57
Speaker 3: position who has to follow these types of things I've
2:00
Speaker 3: been boring this year. You know. I mean, there's been
2:02
Speaker 3: a lot of narratives to follow and if you're following
2:04
Speaker 3: the right stuff and not you know, dialing into like
2:07
Speaker 3: the emotional followers, there's some really interesting sort of academic
2:10
Speaker 3: things that's been happening behind the scenes. But that being said,
2:13
Speaker 3: everybody is wondering, now, what's going on? Are we going
2:16
Speaker 3: to get interest rate cuts? Did we screw up the
2:20
Speaker 3: soft landing as it turned out? Is everything? What is
2:22
Speaker 3: happening right now? How are we looking as far as
2:24
Speaker 3: the market can I can?
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Speaker 4: I say, as the resident expert, Yes, your guess is
2:27
Speaker 4: as good as mine.
2:29
Speaker 3: Why not? Why not? No?
2:32
Speaker 4: I think that certainly interest rates we're gonna get those
2:36
Speaker 4: cuts coming up this month. I don't know if is
2:39
Speaker 4: it this week or next week? I think I don't know.
2:41
Speaker 4: But the question is it going to be a quarter
2:45
Speaker 4: or a half? That's what the debate is and most
2:50
Speaker 4: likely a quarter, but you never know. Sometimes FED likes
2:52
Speaker 4: to keep everybody off base, weak.
2:54
Speaker 3: From yesterday, okay, week from yesterday, okay, okay.
2:57
Speaker 4: So so anyway, you've you've got that coming up, you
3:03
Speaker 4: know that it would be a real shock to the
3:06
Speaker 4: to the system if if there wasn't a right cut,
3:08
Speaker 4: so I think that's almost a given the market has
3:11
Speaker 4: priced it in.
3:12
Speaker 3: Well, why is there seemed to be I noticed that
3:14
Speaker 3: there was just like certain a certain class of people
3:18
Speaker 3: that were that it's a big deal if it's a
3:20
Speaker 3: twenty five basis cut or a point like it's like
3:23
Speaker 3: it makes all the difference in the world to them.
3:25
Speaker 3: And it seems like that you want to be you know,
3:27
Speaker 3: sort of conservative at this point, don't you. I don't know.
3:30
Speaker 4: Yeah, well, there are some people that think, hey, the
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Speaker 4: economy is maybe worse off than advertised, and and of
3:38
Speaker 4: course a half point cut would would make them feel better.
3:42
Speaker 5: I guess about that.
3:44
Speaker 4: Try to stoke the economy or or you know, stave
3:48
Speaker 4: off a downturn that turns into a recession, so we
3:51
Speaker 4: maintain this fairy tail soft landing. So, you know, nobody
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Speaker 4: really knows the answer to that though. It's just it's
3:59
Speaker 4: just you know, people with opinions, which ultimately those opinions
4:03
Speaker 4: make up the market.
4:04
Speaker 3: Yeah, right, it's it's it's it's massively interesting, there's no
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Speaker 3: doubt about that. But there's been things, uh that as
4:12
Speaker 3: you've as we talked about on the show before that
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Speaker 3: the narratives change, and the Navidia thing has been very interesting,
4:18
Speaker 3: and we talked about it a little bit last time.
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Speaker 3: How you could do your job and still people get
4:22
Speaker 3: disappointed and what you're putting down, I mean the poor guys.
4:25
Speaker 3: I mean not yeah, they're okay, I think, but still
4:29
Speaker 3: things like that that affect the market and affect folks
4:32
Speaker 3: sentiments and different things along those lines.
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Speaker 4: But well, and the Navidia thing, you know, it was
4:37
Speaker 4: the market story all year essentially, you know, tech tech,
4:41
Speaker 4: AI AI, and you know it's still there, it's still
4:45
Speaker 4: going on, it's still developing and all of those things,
4:48
Speaker 4: but the I guess the emotions around it have been
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Speaker 4: let out a little bit and and that's what we have.
4:56
Speaker 4: I mean, it doesn't mean they're bad companies. It's just
4:59
Speaker 4: that leaderships seems to have have kind of been pushed
5:03
Speaker 4: aside for a while. But that's typical. I mean, that's
5:07
Speaker 4: that's that's how things tend to tend to roll us
5:11
Speaker 4: healthy too. I mean, I mean, you wanted to grow
5:14
Speaker 4: into you know it, most likely those earnings, I mean
5:17
Speaker 4: they're on a great track. They're not growing as fast
5:19
Speaker 4: as they were a year ago, but they're still growing
5:22
Speaker 4: in an incredible clip, and a couple of quarters from now,
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Speaker 4: the valuation of that company will look pretty healthy if
5:30
Speaker 4: the if the growth growth rate stays there. So you know,
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Speaker 4: when I say valuation, I mean the multiple of earnings
5:37
Speaker 4: that you're paying for for for that company. Right now,
5:41
Speaker 4: it's it's somewhat elevated. But if earnings, for instance, double,
5:44
Speaker 4: then that takes that valuation in half.
5:47
Speaker 5: You know.
5:47
Speaker 4: In other words, if you have a you know, let's
5:50
Speaker 4: instead of a trillion dollar business, let's say it's it's
5:53
Speaker 4: you know, a mom and pop. If you own a
5:55
Speaker 4: little bakery and and and you make fifty thousand dollars
5:58
Speaker 4: a year, and then year you make one hundred thousand
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Speaker 4: dollars a year, you know, you can either that bakery
6:05
Speaker 4: is either going to be worth twice as much money
6:07
Speaker 4: or somebody's going to get it for half the valuation
6:11
Speaker 4: because it's earning twice as much money. And that's that's
6:14
Speaker 4: what goes on with stock prices. And when you see
6:16
Speaker 4: these stocks run ahead of their earnings, you know, sometimes
6:19
Speaker 4: it just takes a little while for the reality to
6:23
Speaker 4: catch up with the with the market.
6:26
Speaker 3: Now, John Berdebt for Fourth Avenue Financial More information online
6:28
Speaker 3: Fourth Avenue Financial dot com. That's fourth Avenue Financial dot com.
6:31
Speaker 3: You can also check it out on Facebook and like
6:33
Speaker 3: the page. You do that same search Fourth Avenue Financial.
6:35
Speaker 3: In both cases you spell out the whole thing. No
6:37
Speaker 3: shortcuts here, So spell the whole thing Fourth Avenue Financial
6:40
Speaker 3: and you can find your information and give us call
6:41
Speaker 3: this morning freezer four three four five fifty eight fifty eight.
6:43
Speaker 3: You can text over your questions to threes are four
6:45
Speaker 3: non three five five zero er eight. Threes are four
6:47
Speaker 3: non three five five zero err eight. If you want
6:50
Speaker 3: to get in and ask John any questions this morning
6:52
Speaker 3: about how you can retire right questions that you have
6:54
Speaker 3: with your strategy into the market. Maybe you have a
6:56
Speaker 3: lifestyle change, something that has changed in your life fundamentally
6:59
Speaker 3: with your job, your marriage, status, kids, something along those lines,
7:04
Speaker 3: and you're wondering how to address the future. Now, well,
7:06
Speaker 3: there's no better time to ask. You can get some
7:08
Speaker 3: advice on the radio and then see where to go
7:10
Speaker 3: from there. Three zero four three four five fifty eight
7:11
Speaker 3: fifty eight threes or four non three five fives zero
7:14
Speaker 3: zero eight is the text on number. Speaking of some
7:16
Speaker 3: changes that could happen, there's a myriad of things that
7:19
Speaker 3: happened in your life where you know, a lot of
7:21
Speaker 3: people might set and forget like a four oh one K.
7:24
Speaker 3: They've been in a place for a long time and
7:25
Speaker 3: they just have like a four to one K and
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Speaker 3: that's what they use as their primary retirement account and
7:30
Speaker 3: they don't do much else with it, or they maybe
7:32
Speaker 3: they do and they're not sure what to do. But
7:34
Speaker 3: things can get a little bit from the outside anyway
7:37
Speaker 3: from a for la person, seemingly complicated when it comes
7:40
Speaker 3: to like switching jobs where you're going from one place
7:43
Speaker 3: or another, especially if you're maybe moving locations and you're
7:46
Speaker 3: losing resolution on the area that you're usually in and
7:49
Speaker 3: things like that, things can get kind of tossed up,
7:51
Speaker 3: and you wonder what's happening. What does that mean for
7:53
Speaker 3: somebody's retirement accounts? What are some of the some tips
7:56
Speaker 3: that you need to give someone who's looking at at
7:59
Speaker 3: their switch jobs and they need to make sure that
8:01
Speaker 3: they do everything correctly when it comes to handling their
8:04
Speaker 3: finances as well.
8:05
Speaker 4: Sure, and this is something I see quite a bit.
8:09
Speaker 4: You know, over the course of time, you know, people
8:14
Speaker 4: rarely anymore stay at.
8:15
Speaker 5: A job for their whole career.
8:17
Speaker 3: Yeah right, I.
8:18
Speaker 4: Mean that is it happens, but it's somewhat a thing
8:21
Speaker 4: of the past. People are much more mobile in their employment.
8:24
Speaker 4: And so if you if you've been contributing and to
8:28
Speaker 4: four rowing k's over the years, and you've switched jobs
8:30
Speaker 4: two or three times, if if you do not consolidate
8:34
Speaker 4: those roll them over and take control of them, it
8:37
Speaker 4: becomes very hard to manage. You have little pots of
8:41
Speaker 4: money all over the place. You know, how are you
8:44
Speaker 4: allocating those? How are you making them work together for
8:48
Speaker 4: your long term financial plan? It can make sense to
8:51
Speaker 4: take a look at that and you can roll those
8:56
Speaker 4: over into an IRA that can be.
8:58
Speaker 5: Managed and as one you know there are.
9:05
Speaker 4: You don't necessarily have to do that. I mean, you
9:07
Speaker 4: can leave the money there generally, although some companies, depending
9:11
Speaker 4: on your balances, will force the money out and there.
9:14
Speaker 4: You have to be careful. If you don't roll it
9:17
Speaker 4: over and you're pre fifty nine and a half, you're
9:20
Speaker 4: going to get penalized ten percent plus pay taxes on that.
9:23
Speaker 5: So it really.
9:25
Speaker 4: Blows up the whole concept of building a retirement plan.
9:27
Speaker 4: When that happens frequently, you'll see people that switch jobs.
9:32
Speaker 4: Maybe no it's only two or three thousand dollars. I'm
9:34
Speaker 4: just going to cash that out. Well, you know that
9:37
Speaker 4: two thousand dollars after taxes and penalties may only be
9:40
Speaker 4: twelve hundred dollars, and then you lose the rest of
9:44
Speaker 4: that compounding growth that would have been in that account
9:48
Speaker 4: towards your retirement.
9:49
Speaker 3: It's something that gets me there, just real briefly. And
9:51
Speaker 3: this because this happened to me. And I don't know
9:53
Speaker 3: if I was just especially dumb as like a twenty
9:56
Speaker 3: five or twenty six year old or something like that,
9:58
Speaker 3: or if this is something that we run in to
10:00
Speaker 3: a lot and you could probably address this if it's
10:02
Speaker 3: something you run into. I just didn't know like I had.
10:05
Speaker 3: Like I knew that I had a four to one
10:06
Speaker 3: K through my company. I had a pretty good job.
10:07
Speaker 3: I was making pretty decent money. I put money in
10:09
Speaker 3: my four one K. It was matched by my company.
10:11
Speaker 3: But I didn't know anything about a four one K.
10:13
Speaker 3: I just knew you were supposed to put money in it.
10:14
Speaker 3: When I decided to leave my job and that was
10:17
Speaker 3: out there, I was like, man, I can't leave this
10:18
Speaker 3: money behind. I mean, that's what was in my head. Literally,
10:20
Speaker 3: I can't leave this money because I need it. And
10:23
Speaker 3: I didn't even I mean, maybe I was just dumb,
10:25
Speaker 3: I don't know, but but I went through the process.
10:28
Speaker 3: I did cash it out. I paid the penalty and everything,
10:30
Speaker 3: paid the taxes, all that stuff on it, and not
10:32
Speaker 3: once did the person at the place that I was
10:35
Speaker 3: doing withdraw from asked me why I was doing it,
10:37
Speaker 3: like give me any other advice or anything else. It
10:39
Speaker 3: was just like, okay, you want to cash it out, Well,
10:40
Speaker 3: here's how you could do it. Would have been nice
10:42
Speaker 3: if somebody had been like, sure, why don't you just
10:44
Speaker 3: leave it there and then then when you can, you know,
10:46
Speaker 3: do whatever with it with your next job. I guess
10:48
Speaker 3: maybe that's not their job. But sometimes people are just dumb,
10:51
Speaker 3: I think, I mean, and yeah, yeah, you don't know,
10:53
Speaker 3: you don't know.
10:54
Speaker 5: Times are a little different.
10:55
Speaker 3: I mean, that was a long time ago, years ago.
10:58
Speaker 4: Yeah, yeah, hey, you're not as young as you to be, right,
11:01
Speaker 4: But you know, there are notices and disclosures that have
11:04
Speaker 4: to have to come out now. You know the problem
11:08
Speaker 4: with notices and disclosures is once the lawyers get involved
11:12
Speaker 4: in writing these disclosures, it becomes hard to understand and
11:19
Speaker 4: you know, when you leave, you have some options. You
11:21
Speaker 4: can leave the money there in the plan, which a
11:25
Speaker 4: lot of people do. A lot of people just allow
11:27
Speaker 4: it to set there. Are you going back yourself and
11:30
Speaker 4: then allocating and rebalancing that account. Is that account being
11:36
Speaker 4: managed towards your long term goal? Depending on the stage
11:39
Speaker 4: of life. You know, it's very difficult to do if
11:41
Speaker 4: you leave that money behind, especially if you leave the
11:44
Speaker 4: money behind two or three jobs and two or three accounts,
11:48
Speaker 4: and so what happens is over a career, you very
11:52
Speaker 4: frequently end up with a collection of investment accounts rather
11:56
Speaker 4: than a defined portfolio working towards a common goal. You
12:01
Speaker 4: may be duplicating yourself across those portfolios. In other words,
12:05
Speaker 4: you own all of one type of stock or one
12:07
Speaker 4: type of investment and they're not complementing each other because
12:11
Speaker 4: you're not managing them actively, because they're spread across multiple accounts.
12:17
Speaker 4: You know, that is one of the main issues that
12:21
Speaker 4: you have. Can you leave the money there, Well, you can,
12:24
Speaker 4: but you know you have to stay on top of it,
12:27
Speaker 4: and it's more difficult to do, you know, especially nowadays
12:30
Speaker 4: with with with passwords. You know, most of these companies
12:34
Speaker 4: make you change your password every ninety days or something
12:36
Speaker 4: like that. Can you imagine if you have four of
12:39
Speaker 4: those out there changing passwords every ninety days. It's just
12:43
Speaker 4: it's just cumbersome.
12:44
Speaker 3: But by the way, I guys out there, there's been
12:47
Speaker 3: a robust study now that says that this constant password
12:50
Speaker 3: changing is actually less secure than like past phrases that
12:53
Speaker 3: you change very infrequently, because it makes people select less
12:57
Speaker 3: and less secure passwords. So, anyway, just turn that out
13:00
Speaker 3: to our folks that perhaps if you're listening, well use
13:04
Speaker 3: pass phases and we have to change them all the time.
13:08
Speaker 3: They want to know what's going on. But so there
13:11
Speaker 3: are things that you need to do with and that's
13:12
Speaker 3: something I mean, obviously we're doing this show, there's something
13:14
Speaker 3: you can help. But but that's really something that you would
13:16
Speaker 3: be very good at helping with because you could give
13:18
Speaker 3: folks the options on doing something like that. And it
13:21
Speaker 3: seems to me that ultimately it might be best if
13:23
Speaker 3: you're going to have it in that account anyway, to
13:25
Speaker 3: combine them all so you can have money work for
13:27
Speaker 3: you in a greater velocity.
13:29
Speaker 4: Yes, And you know what happens a lot of times
13:31
Speaker 4: too in these accounts is they get forgotten about. Maybe
13:34
Speaker 4: you move, you don't update the address, it ends up
13:38
Speaker 4: in uncoined property. I mean, there's all kinds of things
13:41
Speaker 4: that happen if you don't pay attention to these accounts.
13:44
Speaker 4: And let's say you're in that situation. Let's say you
13:49
Speaker 4: have three old four oh one k's, you know, ten
13:52
Speaker 4: thousand over here, twenty thousand over here, you know whatever,
13:55
Speaker 4: and they're just kind of hanging out there, and you
14:01
Speaker 4: know they're out there, but you're not thinking about them,
14:03
Speaker 4: you're not managing them. You know, a lot of times
14:07
Speaker 4: people don't deal with it because it's just easier not
14:10
Speaker 4: to because once those are out there, well, now how
14:13
Speaker 4: do you move it? You know, you have to make
14:15
Speaker 4: phone calls to the companies. You have to request the
14:18
Speaker 4: check to be rolled over rather than paid to you
14:21
Speaker 4: directly so it's not penalized.
14:24
Speaker 5: Some companies.
14:26
Speaker 4: You have to do paperwork to get the rollover, and
14:30
Speaker 4: some are phone authorized transfers. All of those things we
14:34
Speaker 4: will help you navigate to try to take some of
14:39
Speaker 4: that burden off when you make those transitions. And I
14:44
Speaker 4: think that's probably the number one reason that these accounts
14:48
Speaker 4: sort of get orphaned out there. It's just one more
14:51
Speaker 4: thing to do.
14:53
Speaker 3: I think this might be related to I'm positive that
14:55
Speaker 3: you know more about this than I do. And I
14:58
Speaker 3: just know this because my wife worked for the state
15:00
Speaker 3: at one time. But I've never worked for the state,
15:02
Speaker 3: and I've never had anybody in my immediate family that's
15:05
Speaker 3: worked for the state or anything. So I'm not really
15:07
Speaker 3: sure how this works. But there's some sort of like
15:08
Speaker 3: a pension. I think that the state pays or.
15:11
Speaker 4: Pays attention, but there's a secondary thing. I believe it's
15:14
Speaker 4: the four fifty seven plan that functions much like a
15:19
Speaker 4: four oh one K does.
15:20
Speaker 3: So my wife, cause he's notices all the time the
15:23
Speaker 3: statements of these things that she's out had out there,
15:25
Speaker 3: and I said, I think this is like you probably
15:28
Speaker 3: want to pay attention to this. You know, this is
15:29
Speaker 3: like some sort of you didn't work there for that long.
15:31
Speaker 3: She went there for maybe a decade or something like that.
15:32
Speaker 3: I don't know, but this is something that's yours that
15:35
Speaker 3: you probably want to make note of. Even if it's
15:37
Speaker 3: only you know, a few hundred dollars or whatever it
15:39
Speaker 3: might be. You still don't want to like completely abandon it,
15:42
Speaker 3: you know, like you moved and you already it already
15:44
Speaker 3: had to like do like through the forwarding address thing
15:46
Speaker 3: and change the address and stuff like that. You probably
15:47
Speaker 3: want to, you know, keep up on this thing. But
15:49
Speaker 3: that's just an example one of those things. Like she
15:51
Speaker 3: worked there for a little while, didn't really think much
15:54
Speaker 3: of it because she worked as a as a young
15:55
Speaker 3: woman about retirement quote unquote at the time, But that
15:58
Speaker 3: accounts out there with some kind of money.
16:00
Speaker 4: Yeah, yeah, And you know, frequently those type of things
16:03
Speaker 4: are are our pension accounts. So you know, those you
16:07
Speaker 4: may or may not be able to roll into an IRA,
16:10
Speaker 4: but they're definitely a part of your financial plan. And
16:13
Speaker 4: if you have benefits out there, you need to know
16:15
Speaker 4: about those things so you can understand how they work
16:19
Speaker 4: and how you're going to use them to help fund
16:22
Speaker 4: your retirement. And if you just forget about them, you know,
16:27
Speaker 4: are you going to use them properly, are you going
16:29
Speaker 4: to use them at the right time, are you going
16:31
Speaker 4: to remember to use them at all?
16:33
Speaker 3: It reminds me of I bought a fraction of a
16:36
Speaker 3: bitcoin one time, and this was like fifteen years ago,
16:40
Speaker 3: oh my gosh. And this was like when the technology
16:42
Speaker 3: was super super young, and it was like you could.
16:44
Speaker 3: You had to go through this whole thing to download
16:46
Speaker 3: a wallet off of a thing. Anyway, I have no idea,
16:48
Speaker 3: Like I did it once. It was on a computer
16:50
Speaker 3: that I got rid of, Like, I have no idea
16:52
Speaker 3: what happened to it, where, when or anything else. There's
16:54
Speaker 3: probably a decent amount.
16:56
Speaker 5: You're probably the richest guy.
16:57
Speaker 3: I know, it might. I mean, it was like just
16:59
Speaker 3: it was like a stupid thing that I did because
17:01
Speaker 3: it was like, hey, there's this thing bitcoin, and I
17:03
Speaker 3: was like, this is dumb, but I did. I don't
17:05
Speaker 3: know what it was. It was three or four bucks
17:07
Speaker 3: or so. I mean, it wasn't really that much money,
17:09
Speaker 3: but I don't know what that would be now. I mean,
17:10
Speaker 3: I have no idea.
17:11
Speaker 4: Yeah, well, I mean you basically probably paid pennies for it.
17:14
Speaker 3: Yeah, seriously, I mean I have no idea how to
17:16
Speaker 3: find it. I have no idea how to track it down.
17:18
Speaker 3: I've tried to do some research on it, and I
17:20
Speaker 3: have no idea. I think that I just there's probably
17:22
Speaker 3: a past key out there that I don't even know
17:24
Speaker 3: how to retrieve. That it was on a computer that's
17:26
Speaker 3: at this point like extraordinarily old, before I even moved
17:29
Speaker 3: back to West Virginia. So I have no idea, but
17:32
Speaker 3: that's not an investment. That was a dumb move. But
17:34
Speaker 3: that's not to say that there's not stuff that people did.
17:36
Speaker 3: You could sock money away on like a money market
17:39
Speaker 3: account at some point or something, or maybe from a
17:40
Speaker 3: previous marriage and you forgot about something that's out there
17:43
Speaker 3: that still you have something that's attached to You need
17:46
Speaker 3: to make sure you have all these things in line.
17:47
Speaker 3: And if you can, and it's and it behooves you
17:50
Speaker 3: to consolidate. If not, you at least need to be
17:51
Speaker 3: able to monitor them. You can have all that monitoring
17:54
Speaker 3: put into place, you know. I mean that's a very
17:56
Speaker 3: important part of achieving what you want in your in
17:59
Speaker 3: your finding future.
18:01
Speaker 5: Yeah.
18:01
Speaker 6: And those small amounts of money, if it's five thousand,
18:04
Speaker 6: ten thousand, twenty thousand that was left behind over time,
18:08
Speaker 6: that grows into a significant amount of money to help
18:11
Speaker 6: fund your retirement. And if you forget about those, if
18:14
Speaker 6: you don't utilize them correctly, it really does jeopardize your retirement,
18:19
Speaker 6: you know. Like I say, it's just the same if
18:21
Speaker 6: you work somewhere forty years and save in a four
18:23
Speaker 6: oh NK. Yes, the amount looks bigger, but compound interest
18:27
Speaker 6: works on any amount of money, So that ten thousand
18:31
Speaker 6: dollars account is going to compound just the same, you know,
18:34
Speaker 6: as it would if it were in a larger account.
18:38
Speaker 4: So you know, three hundred thousand dollars accounts growing at
18:42
Speaker 4: ten percent each is the same as one three hundred
18:45
Speaker 4: thousand dollars account growing at ten percent each.
18:47
Speaker 5: You need to.
18:49
Speaker 4: Factor that in and treat it like it's important to you,
18:53
Speaker 4: because it is. I mean, ten thousand dollars if you're
18:55
Speaker 4: twenty five years old, for instance, is worth you know,
18:59
Speaker 4: well into the six figure money by the time you
19:01
Speaker 4: reach retirement. That is not a minor thing. That's something
19:05
Speaker 4: that you should be aware of and think about, and
19:07
Speaker 4: we can help you do that.
19:09
Speaker 3: The perspective the folks that have to keep in mind
19:11
Speaker 3: there is exactly what you talk about it as far
19:14
Speaker 3: as with compound interest and things like that, goes that
19:16
Speaker 3: small decisions that we make today because of the length
19:18
Speaker 3: of time. If you're doing things in a perfect world
19:20
Speaker 3: and you're looking at these things when you're relatively young,
19:22
Speaker 3: because of the late length of time, it's like the
19:24
Speaker 3: p under the mattress, you know, that is going to
19:25
Speaker 3: have a huge effect for you when you're fifty sixty,
19:28
Speaker 3: seventy years old. The decisions that you're making when you're
19:31
Speaker 3: twenty five thirty years old, you really need to pay
19:34
Speaker 3: some attention to that and obviously get some expert advice
19:36
Speaker 3: because those things are very important and little mistakes at
19:40
Speaker 3: twenty five could end up being larger mistakes when you're
19:42
Speaker 3: sixty five.
19:43
Speaker 4: Well, depending on the rate of return at age twenty five,
19:46
Speaker 4: by the time you reach retirement, say sixty five, I
19:49
Speaker 4: mean you're looking at you know, twenty thirty forty times
19:56
Speaker 4: your money because of compounding interest.
20:00
Speaker 5: You know, So a ten thousand dollars mistake.
20:05
Speaker 4: Is you know, a quarter of a million or more
20:08
Speaker 4: by the time you reach retirement at that age. I mean,
20:10
Speaker 4: that's a big, big deal. That's significant. That is something
20:13
Speaker 4: that you should be aware of and concerned about and
20:17
Speaker 4: treated properly.
20:18
Speaker 3: Sometimes when we have these discussions, it's almost like we
20:22
Speaker 3: it's like talking about the cosmos or something like you
20:24
Speaker 3: can't fathom just how large the universe is, you know,
20:27
Speaker 3: it's like hard to fathom that, you know, and it's
20:29
Speaker 3: hard to fathom just how much that when you start
20:32
Speaker 3: talking about compound interests, and how quickly that not quickly,
20:36
Speaker 3: but how much that it could accumulate over time. The
20:38
Speaker 3: number gets staggering when you start looking at I mean,
20:41
Speaker 3: I think about when I first got into the to
20:42
Speaker 3: the mortgage business back in nineteen ninety seven or something
20:46
Speaker 3: like that. My first ever paycheck was in one month,
20:48
Speaker 3: I made like twenty four thousand dollars or something like that.
20:50
Speaker 3: It was something stupid back in those days. If I
20:53
Speaker 3: was a smart young man at that time instead of
20:55
Speaker 3: the idiot that I've clearly made myself. Proved that I
20:59
Speaker 3: was during that time of that short three year or
21:03
Speaker 3: so run when there was just some pretty big pay
21:05
Speaker 3: day and then there were some you know months where
21:06
Speaker 3: nothing was going on, but there were some pretty big
21:08
Speaker 3: pay days in there that could have literally set up
21:11
Speaker 3: my future. I mean, honestly, it really could have. I
21:14
Speaker 3: made well enough money then to have done something smart
21:17
Speaker 3: with it, got somebody to help me with that, and
21:19
Speaker 3: made some good decisions. If anything, older me would have
21:22
Speaker 3: told younger me that it was like, take that small
21:24
Speaker 3: opportunity that you had for this two or three year
21:27
Speaker 3: period and use that to set up your few, because
21:29
Speaker 3: I mean literally I could if it's not like I
21:31
Speaker 3: was wealthy, but I was making decent money for a
21:33
Speaker 3: young man without any debts or anything. At the time,
21:36
Speaker 3: I could have done pretty well for myself, but I didn't.
21:38
Speaker 3: I was dumb, spending them dumb things and did dumb things.
21:40
Speaker 5: But you weren't dumb. You were typical.
21:42
Speaker 3: Yeah, yeah, yeah, typical. But still in retrospect, the wiser
21:45
Speaker 3: me is looking back saying, man, if I wasn't such
21:47
Speaker 3: a such a dumb kid, I could have really have
21:51
Speaker 3: changed where I am today. For example, it would have
21:53
Speaker 3: been completely different. And not my wife necessarily. I love
21:56
Speaker 3: my wife, my kid that don't want it ain't that
21:58
Speaker 3: to be different, but I mean just my standing or
22:00
Speaker 3: I am, it could be like revolutionarily different. And so
22:03
Speaker 3: people need to take that into account when they're making
22:05
Speaker 3: decisions when they're younger. You can but just a little
22:08
Speaker 3: bit of sage wisdom and just a little bit of
22:12
Speaker 3: slowing down and making some decisions and maybe you don't
22:15
Speaker 3: need to, you know, pay that tab off at the
22:17
Speaker 3: bar I did, or whatever it might be. You could
22:20
Speaker 3: really set yourself up for for a better time when
22:24
Speaker 3: you're older. Yeah.
22:25
Speaker 5: And I think we've talked about these studies before.
22:28
Speaker 4: About uh, the the common denominator and a lot of
22:32
Speaker 4: the fund. A big factor in financial success is being
22:36
Speaker 4: able to delay gratification. Yeah, you know, and it's it's
22:41
Speaker 4: not that you don't live for today, but you know
22:44
Speaker 4: you need to put some money back for tomorrow, and
22:47
Speaker 4: if you do that early, it will take care of you.
22:50
Speaker 3: When I was twenty five, I was basically bathing in marshmallows.
22:53
Speaker 3: If we equate this to the marshmallow test, I was
22:55
Speaker 3: basically bathing in marshallow I did not I did not
22:58
Speaker 3: wait off at all. Yeah.
22:59
Speaker 4: Yeah, you had this Sparkler's on the champagne bottles at
23:02
Speaker 4: the club, right.
23:03
Speaker 3: I was basically the state puff marshmallow man. There was
23:05
Speaker 3: no way I was waiting for that. Let's of this,
23:07
Speaker 3: Let's go ahead and take a break. We'll still have
23:08
Speaker 3: plenty of stuff we can talk about. We can address
23:10
Speaker 3: any of your concerns that you have. You and give
23:11
Speaker 3: us a call three zero four three four five fifty
23:13
Speaker 3: eight fifty eight. You can also text over questions. You
23:15
Speaker 3: have to three zero four non three five five zero
23:16
Speaker 3: zero eight. You can find fourth Avenue Financial physically in
23:19
Speaker 3: downtown Charles and one seventy Court Street, right across from
23:21
Speaker 3: the Town Center Mall. You can also find them on
23:24
Speaker 3: the phone like the pioneers did. Three zero four seven,
23:27
Speaker 3: four six seven nine seven seven three zero four seven
23:29
Speaker 3: four six seven non seven seven is how you can
23:31
Speaker 3: get ahold of Fourth Avenue Financial and of course Fourth
23:33
Speaker 3: Avenue Financial dot com one line Fourth Avenue Financially. You
23:36
Speaker 3: spell out the whole thing and Fourth Avenue Financial on Facebook.
23:39
Speaker 3: We're going to take a break and be back right
23:41
Speaker 3: after this. I'm gonna since we're talking about changing jobs,
23:44
Speaker 3: I want to talk about changing types of jobs as well.
23:46
Speaker 3: We've addressed this a little bit before, but what if
23:48
Speaker 3: you go self employeed or something along those lines. What
23:50
Speaker 3: are some good strategies that you can deploy Because a
23:52
Speaker 3: lot of people in this economy are doing things like that.
23:54
Speaker 3: So let's talk a little bit like that when we
23:56
Speaker 3: come back. If you have any questions along those lines
23:58
Speaker 3: or any other way, you can steer the conversation. Threes
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Speaker 3: are four three four, five fifty eight fifty eight three
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24:58
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26:09
Speaker 10: Good morning, here's your traffic update. A pothole patching operation
26:12
Speaker 10: on US one nineteen north at RHL Access Road at
26:16
Speaker 10: West Virginia six oh one. The northbound two left lanes
26:19
Speaker 10: are closed. Congestion and delays on I sixty four east
26:23
Speaker 10: at mile marker fifty eight at Virginia Street. And vehicle
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Speaker 10: crash on I sixty four west at milemarker forty right
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Speaker 10: after Tays Valley. Drive safely. I'm Chapel in the WHS
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26:37
Speaker 2: This is retire Right Radio with John Burdett from Fourth
26:41
Speaker 2: Avenue Financial, taking your calls at three oh four three
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27:28
Speaker 3: give you the rest of the information again before leave
27:30
Speaker 3: the air waste today. I've been talking a little bit
27:31
Speaker 3: this morning about switching jobs, making sure that you're making
27:34
Speaker 3: a good sweep of your various opportunities that other companies
27:38
Speaker 3: have given it. You know, companies entice people with benefits,
27:40
Speaker 3: you know, I mean that's part of benefits or benefits
27:43
Speaker 3: you know that. I mean it's part of how they
27:45
Speaker 3: bring in and different retirement accounts and things like that
27:48
Speaker 3: are part of what they bring you in for. And
27:50
Speaker 3: there's different things out there that you could have invested
27:53
Speaker 3: into with a particular job that you could take with
27:56
Speaker 3: you with other jobs, or you might forget you even
27:58
Speaker 3: had it out there, aren't likely to forget. But just
28:01
Speaker 3: I think it would behoove me to ask a question
28:03
Speaker 3: like something like an HSA or something like that, like
28:05
Speaker 3: I have an HSA through my employer here, if I
28:07
Speaker 3: were to switch jobs somewhere, what happens to my HSA account?
28:11
Speaker 3: Do I am I able to take that with me?
28:13
Speaker 3: Is that something that I need to look at as well?
28:15
Speaker 5: Yeah, those are portable, for sure.
28:17
Speaker 4: There are some flexible spending accounts that are not right
28:20
Speaker 4: have to be spent, but hsas are portable.
28:22
Speaker 3: I always look at make sure that I get the
28:24
Speaker 3: right one, because you have the option between the two,
28:25
Speaker 3: and I always want to make sure I get the
28:26
Speaker 3: one that you can that's portable, right right, I want
28:29
Speaker 3: to make sure that I do that. So let's talk
28:30
Speaker 3: a little bit about somebody that we've settled down a
28:33
Speaker 3: little bit. Through the COVID rush where everybody was getting
28:35
Speaker 3: like the money to go out and start their own
28:38
Speaker 3: businesses and stuff like that, we saw a huge spike
28:40
Speaker 3: in people that started their own businesses, as you and
28:43
Speaker 3: I talked about on this show, and as in private
28:44
Speaker 3: conversation I predicted to a lot of people, we would
28:46
Speaker 3: see a lot of businesses also closed on the back
28:48
Speaker 3: end of things, because having the money to run a
28:50
Speaker 3: business doesn't mean that you know how to run a business. However,
28:54
Speaker 3: there's still a lot of people that are making changes
28:55
Speaker 3: trying to maneuver in their life. A lot of people
28:58
Speaker 3: make the changes early. They've they have an idea, you know,
29:01
Speaker 3: and suddenly they have like a Silicon Valley type idea
29:03
Speaker 3: and they need to make a pivot and go. Some
29:04
Speaker 3: people are later in life, you know, they decide, hey,
29:07
Speaker 3: I'm tired of the circus. I need to start doing
29:08
Speaker 3: something else, or they start doing something else on the side.
29:11
Speaker 3: What are the let's talk about pure self employment first,
29:14
Speaker 3: not like you're doing a gigwork with uber or something
29:16
Speaker 3: like that, but you are going purely from being a
29:18
Speaker 3: salaried employee to being self employed. What are some of
29:21
Speaker 3: the things that you should look at as far as
29:23
Speaker 3: securing your retirement, assuming that you've taken reasonable steps in
29:27
Speaker 3: the FU in the past.
29:28
Speaker 4: Sure, well, certainly when you're self employed, it's all on
29:34
Speaker 4: you to make the most of your company.
29:38
Speaker 5: No match, that's correct.
29:40
Speaker 4: You know the plan may have a match, but you're
29:42
Speaker 4: the guy putting the match in, right, so you know
29:47
Speaker 4: it's all on you that Now, being self employed also
29:50
Speaker 4: gives you some flexibility to use the various rules and
29:56
Speaker 4: various types of plan to potentially craft one that work
30:00
Speaker 4: the best for you.
30:01
Speaker 5: And your company. You know, some companies have lots of employees. Well,
30:06
Speaker 5: that might.
30:07
Speaker 4: Lead an owner of a company to install one type
30:11
Speaker 4: of a retirement plan, where if you're a sole proprietor
30:15
Speaker 4: or maybe you only have one or two employees, that
30:17
Speaker 4: might lead you into another type of a plan that
30:20
Speaker 4: that will benefit you more. So you have to look
30:23
Speaker 4: at the situation. But certainly, you know, when you go
30:27
Speaker 4: into business for yourself, you know, most folks don't, you're
30:30
Speaker 4: one start a retirement plan unless they happen to, you know,
30:34
Speaker 4: strike gold pretty quickly. It usually takes a couple of
30:37
Speaker 4: years to get a business going. And uh, and you know,
30:40
Speaker 4: most folks are trying to preserve capital and and and
30:45
Speaker 4: be very business investment oriented as they're building that business.
30:50
Speaker 4: So so a lot of times folks will will neglect
30:55
Speaker 4: the retirement and and and I understand that, and I
30:58
Speaker 4: get that for the first couple of years. But if
31:00
Speaker 4: you're a couple of years in and are not in
31:02
Speaker 4: the position where you can say for retirement to me,
31:05
Speaker 4: that says, hey, maybe this business isn't working out the
31:08
Speaker 4: way it should. Because you need to be thinking about that.
31:12
Speaker 4: You need to have the resources to put towards that
31:16
Speaker 4: and if you don't then then you know that to
31:19
Speaker 4: me makes.
31:20
Speaker 5: Me question whether it's viable, which is a harsh.
31:25
Speaker 4: Reality, it is, but because you know, you might be
31:29
Speaker 4: paying for today, but how are you going to live
31:31
Speaker 4: tomorrow when you can't do that job anymore?
31:34
Speaker 3: That was always and when when I owned the bookstores
31:38
Speaker 3: and the different the different bookstores we had, they were successful. Look,
31:41
Speaker 3: it was because I got a divorce that I ended
31:43
Speaker 3: up stopped stopped doing doing these things and the divorce
31:46
Speaker 3: that this the business as it was, wasn't gonna last.
31:48
Speaker 3: But it was a successful business. We had six different stores.
31:50
Speaker 3: It was doing pretty well. I mean, we had a
31:52
Speaker 3: model that worked. And the one thing that we did
31:55
Speaker 3: is we're kind of elder statesman at the time in
31:58
Speaker 3: the city that we had the first and then we
32:00
Speaker 3: talked to a lot of small businesses try to help
32:02
Speaker 3: them out around there. You know, I tried to create
32:04
Speaker 3: an insurance exchange. Heck, I tried before o'pamacare. I tried
32:07
Speaker 3: to create an insurance exchange among local small businesses in
32:09
Speaker 3: my in my city. And the one thing that I
32:13
Speaker 3: would see right away was that there were some people
32:16
Speaker 3: that they could make their business work, you know, like
32:18
Speaker 3: the candle maker that made dog treats. Okay, they found
32:22
Speaker 3: ways to make their small payroll every month, to pay
32:24
Speaker 3: their rent every month and things like that. But man,
32:26
Speaker 3: they weren't making any money. They were keeping the doors open,
32:29
Speaker 3: you know, and people like that sweetest people in the world,
32:31
Speaker 3: you know, they just wanted to make candles and feed dogs.
32:34
Speaker 3: I mean, but that business concept doesn't carry or at
32:37
Speaker 3: least in that city, it just wasn't carrying. It wasn't
32:39
Speaker 3: something that was going to work. And it wasn't in
32:40
Speaker 3: my place to tell them it wasn't gonna work. But
32:42
Speaker 3: as we were to have like our monthly meetings and
32:45
Speaker 3: we'd have dinner and coffee and different things like that,
32:47
Speaker 3: I would try to lead him to this conversation, like,
32:48
Speaker 3: where are you really going with this? You're not putting
32:50
Speaker 3: any money away, You're not saving for anything at all.
32:52
Speaker 3: You're just living to subsist to open your doors every morning.
32:56
Speaker 3: If that's what you want to do, I guess that's okay.
32:58
Speaker 3: The man, where you're going to be in ten years
33:00
Speaker 3: you STI wouldn't want to do that, And what are
33:02
Speaker 3: you going to do after that? Right? Right?
33:04
Speaker 4: And and and like I say, it's very common not
33:06
Speaker 4: to not to fund those things initially.
33:09
Speaker 5: But if you're a few years.
33:10
Speaker 4: In, you know, every year that goes by that you're
33:12
Speaker 4: not funding that, your job is that much more difficult
33:15
Speaker 4: down the road. And it's just something to be aware
33:18
Speaker 4: of as a self employed person. Now, if your business
33:21
Speaker 4: is working, if you can, if you can fund retirement,
33:27
Speaker 4: you have a lot of options as a self employed person.
33:30
Speaker 4: You know, anything from a four oh one k to
33:32
Speaker 4: to accept to I mean, you can even put over
33:37
Speaker 4: fund pension plans that that may allow you to put
33:41
Speaker 4: incredible amounts of money in tax deferred. So are there
33:44
Speaker 4: are all kinds of options for you if you're self employed,
33:47
Speaker 4: but you have to have the resources to do that,
33:49
Speaker 4: and the discipline.
33:50
Speaker 3: To do that, and probably the person to help you.
33:52
Speaker 3: I mean, the one thing that I would say I
33:54
Speaker 3: would I would that I know that I've learned now
33:57
Speaker 3: success sometimes can give you fall pretenses on what you
34:01
Speaker 3: believe that you can do, you know, the halo effect
34:03
Speaker 3: on other things. I happen to be pretty good at
34:04
Speaker 3: what we chose to do and what we deployed. We
34:07
Speaker 3: were basically shadowing Amazon in a lot of ways. You know,
34:09
Speaker 3: we did books, we did media and movies and stuff.
34:11
Speaker 3: It was pretty well. But the problem was because that
34:15
Speaker 3: I won't say worked easily. But all I needed was
34:17
Speaker 3: the effort. All I needed was labor to spend you know,
34:21
Speaker 3: eighteen hour days and to put this thing up in
34:23
Speaker 3: the store was successful. That's not how planning for retirement works.
34:26
Speaker 3: Like it does take effort, but it takes knowledge and
34:29
Speaker 3: know how and where to take advantage of certain things.
34:31
Speaker 3: I had none of that. So the one thing, and
34:33
Speaker 3: looking back that at every point in my life that
34:35
Speaker 3: I realize now is I needed to realize I wasn't
34:38
Speaker 3: an expert in all these different things that I was
34:40
Speaker 3: trying to accomplish. And I really screwed the pooch frankly,
34:44
Speaker 3: and a lot of and a lot of these didn't
34:46
Speaker 3: eat it. But in a lot of these and a
34:48
Speaker 3: lot of these circumstances, And if there's anything that I
34:51
Speaker 3: could tell anybody, whether they're older than me, younger than me,
34:53
Speaker 3: or anything else, find somebody that can give you the
34:55
Speaker 3: right advice at the right time, because it will make
34:58
Speaker 3: an immense difference for you. And I think a lot
35:00
Speaker 3: of cases that means John berdbtit fourth avenue financial, whether
35:02
Speaker 3: it's a small business you're doing or if you're just
35:04
Speaker 3: struggling to try to make it meet, having someone to
35:06
Speaker 3: give you advice. Don't think that you can do it yourself,
35:09
Speaker 3: because there's people that actually know how to do it. Yeah.
35:12
Speaker 5: Well, I mean thanks for the plug. I will, I
35:14
Speaker 5: will second thing.
35:16
Speaker 3: Man, that's just life experience. Man, it's just the truth.
35:18
Speaker 3: All the mistakes that I realize now that I've made
35:20
Speaker 3: in my life. It's humbling, it really is. Yeah.
35:23
Speaker 4: And you know, sometimes one little nugget can be worth
35:28
Speaker 4: a fortune doing one little thing differently. You know, conferences
35:35
Speaker 4: that I go to for instance, You know, most of
35:38
Speaker 4: the time you go and you hear the same thing
35:41
Speaker 4: over and over and over. But then in the evening
35:45
Speaker 4: you're setting at dinner with a group of advisors and
35:48
Speaker 4: somebody says something. It's like, wow, I never thought about that,
35:53
Speaker 4: And then that turns into a whole new path and
35:57
Speaker 4: channel of productivity for your for your business.
36:01
Speaker 5: You just never know really where those things come from.
36:04
Speaker 3: That coinslot moment.
36:06
Speaker 4: Yeah, and that's really what happens to a large degree
36:10
Speaker 4: when you set down with with with me, we really
36:13
Speaker 4: talk about your situation and try to dig into, you know,
36:17
Speaker 4: where are the hidden opportunities, Where are the things that
36:20
Speaker 4: maybe we're missing that you could take advantage of and
36:24
Speaker 4: it you know, it's free to do that. You come in,
36:29
Speaker 4: we talk and and if I discover something, then we'll
36:32
Speaker 4: talk about moving forward with that. And quite often one
36:37
Speaker 4: little thing can be worth you know, with compound interest,
36:42
Speaker 4: could be worth a fortune. And by the time you
36:45
Speaker 4: reach your retirement.
36:46
Speaker 3: And I encourage anyone just to think about any conversation
36:48
Speaker 3: you've had. It doesn't have to be about finances or
36:50
Speaker 3: anything else. It could be about football, or it could
36:51
Speaker 3: be about your job or whatever it is. Think about
36:54
Speaker 3: how many of those conversations you've had where you've had
36:56
Speaker 3: that moment where something suddenly made sense, or are you
36:58
Speaker 3: something with riddles like I didn't know that before, or
37:00
Speaker 3: oh that's how Just think about that and then think
37:02
Speaker 3: about how you can apply that to finances, Because there's
37:04
Speaker 3: things out there you don't know. I promise you there's
37:06
Speaker 3: things that you don't know and things that might be
37:08
Speaker 3: able to help you and to find someone that's going
37:10
Speaker 3: to bounce those ideas out of you and then help
37:12
Speaker 3: you craft that for your best future. I mean, that's
37:15
Speaker 3: invaluable advice. I mean it truly is. Let me get
37:17
Speaker 3: you the contact information so you can find John Burdett
37:19
Speaker 3: after this discussion today, hopefully you're you're chewing up the
37:22
Speaker 3: bit to get going. You can find Fourth Avenue Financial
37:24
Speaker 3: one line. It's fourth Avenue Financial dot com. You spell
37:26
Speaker 3: out the whole thing, Fourth Avenue Financial dot Com. Their
37:28
Speaker 3: phone number three zero four seven four six seven nine
37:30
Speaker 3: seven seven. That's three zero four seven four six seven
37:32
Speaker 3: nine seven seven. They say to say it three times,
37:34
Speaker 3: so three zero four seven four six seven non seven
37:37
Speaker 3: seven one line, Fourth Avenue Financial dot com. You do
37:39
Speaker 3: that same search on Facebook and located one seventy Court Street,
37:42
Speaker 3: downtown Charleston. That's right across from the town Center mall
37:45
Speaker 3: and the suites over there that lead over to the
37:48
Speaker 3: Bust de Pote and all of that. John, thanks a
37:50
Speaker 3: lot for coming in today. I have a good discussion
37:52
Speaker 3: I think for for a Wednesday.
37:53
Speaker 4: Right I think so, yeah, middle of the week too,
37:56
Speaker 4: where we're coming down the home stretch.
37:58
Speaker 3: That's absolutely true. So that was John Armor debt with
38:00
Speaker 3: Fourth Avenue Financial. Be sure to find him on line
38:03
Speaker 3: at Fourth Avenue Financial dot com and you'll be back
38:04
Speaker 3: here on Monday, right.
38:05
Speaker 4: Uh, yes, I will probably be remote speaking of conferences.
38:09
Speaker 5: I'll be in Austin, Texas, but I will dial it in.
38:12
Speaker 3: That sounds great That Dave Allen's up next on five
38:14
Speaker 3: eight Live. I'll be back this afternoon at three or
38:15
Speaker 3: six on the hotline with Dave Weekly. Have a great
38:17
Speaker 3: day everyone. On five ad w c HS the Voice
38:20
Speaker 3: of Charleston.
38:27
Speaker 2: Five ad w c HSA l F six point five,
38:29
Speaker 2: then Charleston one oh four point five Crossley WUVRC Media Station.
38:35
Speaker 3: We're proud to live here too.