2025 Investment Insights: Market Volatility and Opportunities in the New Year

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Good morning everybody. It's that time, Sunday morning, eight o'clock
right here in seven ninety k and is tea and
this is the Money Matter Show with Dean Greenberg. Hopefully
for the next couple hours, we'll bring you some insightful
information about what's going on in the world, the markets, politics,
and how to profit from it. That's what the show's about.

(00:22):
We've been doing it for thirty five years, talking to
you right here in Tucson about how we look at
the markets, how we invest money for people as money managers.
A little bit different and a little bit unique, but
we enjoy it. And I don't mind educating telling you
what's going on and not. I've talked to you about

(00:43):
this many many times. You're gonna have all these economists,
all these people out there telling you newsletters, people from
the top Wall Street firms telling you what they expect
this year. But at the end of the day, it
does it matter unless they are pressing the button to
make the trades. Anyone in this business that manages money

(01:07):
for others is the ones that I respect because you
have a track record every day, every week, every month,
every year. You have to do it same thing. You're
not an institution. When you're on our site, you have
to do it accordingly with each client's risk preference. Also,

(01:28):
because as you know, everything we talk about, everything we
discuss has some type of risk. Greenbrook Financial Group is
both a registered investment advisory and a broke a dealer.
For now, the BROCA dealer side's going away in the
next thirty days or so. They're always going to be
a registered investment advisor and always going to be a
fiduciary and from that point we will always always understand

(01:51):
the risks. We want you to understand the risk too.
There's risk in everything that happens, everything we do, everything
you do has some type of risk. If you understand risk,
you become a much better investor. So when you look
at that, we've been talking the last few weeks that
we thought the market was a little bit risky and
we were hoping for a Santa Claus Rally. Didn't really come.

(02:12):
We had one day to Santa lu Court Santa Claus
Rally that was on Friday. I believe were setting ourselves
up for a lot of volatility. Volatility just doesn't go down,
it goes down and up, and that's exactly what we're seeing.
On Thursday, it was a perfect example. The S and
P five hundred and the down. Everything was way up.

(02:34):
SMP was up almost fifty some odd points, finished down
the day after being down a lot about thirty some
odd points. That's a seventy five eighty point swing in
the S and P s in a very short period
of time. More than that one am I talking about.
You talked fifty and then another thirty about eighty points
in a very short period of time. Those are things

(02:56):
that cause volatility. That also causes people to say when
they should in and buy when they should in. I've
been very, very very strong on telling people be patient,
be patient. The valuations of the market are high. If
the earnings don't come out better than expected, you're going

(03:17):
to see drops and stocks. Those are going to be
our opportunities to purchase or indexes. I have no problems
buying basket of stocks and ETFs for people that want
a little less risk but want to be exposed to
the more growth areas or the indexes. You got to
have indexes. One of our models called the GfG model,

(03:38):
has all the major indexes in them and different percentages
you and you always continue as the markets move one
way to the other to readjust them and reallocate them
so the meeting the percentages you want. This is how
you are able to mitigate the risk in the markets

(04:02):
when they're going up, and that way you go ahead
and mitigate the risks when they're coming down. Having a
little bit above cash position right now is where we sit.
We don't mind having cash in a money market earning
four one and a half percent or so at this time,
four point three percent, we'll take that. While the market's
flounder between basically fifty eight hundred on the SMP and

(04:25):
sixty one hundred on the SMP. They break out, then
it looks a little bit better if the earnings are
showing us. If it breaks down, expect us to come
down to fifty five hundred or so, which would give
us a good ten to eleven twelve percent, maybe fifteen
percent for the top. And if it does that, it
will be quick, it'll be scary, and then we do it.

(04:48):
Why do I think that could happen, Well, I think
there's volatility. The reason I think it could happen is
everything isn't going to go Trump's way. Well, I think
he has a lot of grit, great economic ideas, they
still have to be passed. And this is what makes
my mind boggle when everybody calls them fascist, dictator, communists,

(05:12):
you name it. They are people. We have to vote.
The people that we put in the Congress and the
Senate and the House and everyone else has to vote.
They have to agree to whatever it is. And as
you know, the Republicans do not vote one lockstep like

(05:33):
the Democrats do, which is good and bad obviously, because
at least when they don't want to vote, they have
to compromise so we can get some things done. I
don't want this to be like we saw the first
time around, when everything was locked up and it was
almost impossible to get through. We need to move quickly, swiftly,

(05:56):
with confidence that the moves we make are going to
make changes. But I promise you whatever he puts in
with the stroke of the pen, whatever the bills are
that come to the table, are going to take time
to implement. It's going to take time to get it
through and start going. Hell, we all know there's more

(06:18):
money left over from all from the pandemic. There was
still money left over for years. The other bills that
the Biden got passed. There's still money left over, so
it takes a long time to go through this chips
and Technology bill. There's still a lot of the billions
and billions of dollars. Then, on the other hand, we

(06:41):
got the Doge Committee with Vivic and Musk going ahead
and going to try to clean things up. But remember
they can't do anything except go ahead and give suggestions,
suggestions that are gonna have to be acted on by
the Trump administration, and therefore those that have to be

(07:02):
voted on are going to have to be voted on
by Congress. So I believe you're going to see a
stall and what's going to happen here, which is going
to cause chaos and chaos is going to go ahead
and cause concern, and concern is going to cost people

(07:22):
not to be biased, which means they'll be more sellers,
and the markets could fall and set us up a
fantastic buying opportunity. I believe in the first few months
of the year, we'll see if that pans out. If
it doesn't, then I'm wrong, and the markets keep going higher.
It's just stretching on envelope more stretching a rubber band

(07:44):
more for the snapback, but you're still going to make money.
You just wouldn't make as much. And if you're in
the right things, you might make more. It all depends
on how you know the risk you take and how
you're looking at it and what are you doing. But
normality would be or in the indexes of the index
is going up and not coming down. You're going to
make money period if you're in some of the stocks

(08:07):
that are going to be the good ones, or you're
gonna make money period. But do I think the technology
stocks could have a little snap back, Yeah, they can,
but when you that's the micro picture the next few months.
But the reason I bring that up is the reason
you the way you can protect yourself from skitting skit
out is by having some extra cash. If you usually
like being seventy percent or eighty percent invested in the

(08:30):
market of your overall investments, cut that back to sixty.
It's all right, if you're sixty seventy, cut it back
to fifty. You'll still make money, and you'll still earn
money in the money market, but you'll have money to
buy if they do come down. If they don't, I
promise you there's always opportunities there will be something that

(08:52):
will happen. Look at Boeing. Okay, Boeing twice gave us opportunities.
We'll see where it goes. If you can get it
back together, you'll see that's rally again. Disney, great example.
Great example, went down in the seventies, came all the
way back up to about one hundred and twenty five
hundred and thirty, came all the way back down to
the to the nineties, and now it's back up into
the one ten area or so. These stocks will go

(09:16):
up and down. If you wait for your opportunities, they
will give them to you. The doubt companies are big companies.
The tech companies are big companies. Remember, the tech companies
are going to have to basically be perfect on the AI,
the artificial intelligence money they're spending to keep the growth going.
Otherwise people are going to start saying, whow, we're spending

(09:37):
a lot of money on that and we're not seeing
any returns. I don't expect to see some returns right away,
and I've seen a lot of money going into the
next era of investing, which is the quantum computering, which
these things have done more than two or three times
the money already. Stocks that were a dollar or ten dollars,
stocks are were four or twenty dollars, and the stocks

(09:59):
that were ten or four does it stop? I don't know.
Would I jump on here? I would be nervous. Okay,
having that for everybody because quantum computing, for sure is
behind AI. You gotta get the AI, then you got
to quantum computing. So is it speculative, absolutely it is.

(10:19):
Are people gonna make money off of it? Yes? Are
people gonna lose money off of it? Yes? Because the
volatility will be there, and when it comes to the forefront,
you'll know which ones are the good ones, just like
the video did. And no matter when you got into
it in the video and you didn't have to get
in at ten or twenty or fifty dollars, you made
a lot of money off of it because it became
the to the forefront of what everybody needed. And that

(10:43):
stock started going from one hundred and ten all the
way up to almost twelve hundred dollars and then and
then split okay maybe it was fourteen hundred dollars, I
can't remember, but and then split ten for one. That's
what we had and that's why you have to look
at it and say you will have those opportunities, but

(11:04):
making money also takes some risk. And if you take
risk and you don't like risk, and these things go down,
they hurt you. So for the first week of the year, okay,
ending today, the markets were down about a half a
percent across the board. Okay, that means for Monday, Tuesday,

(11:25):
and then off Wednesday and Thursday and Friday. But from
January starting right now, we're up about one percent across
the board because we had a very good Friday. We'll
see where we go with it in the areas. Remember,
technology is still going to be at the forefront. You know,
you got the fence out there that that's not going
to go away. You know, We'll see what happens with

(11:48):
the banks if they deregulate. Is that going to help them?
But interest rates aren't helping them so much yet. The
Fed Fund rate's coming down, so people are able to borrow,
not people, but banks are able to borrow money and
loan money at a lower rate. That means that maybe
these banks can make some more money, So maybe the
financials will do well. But on the other side, mortgages

(12:09):
and stuff are going to be high, So you're not
going to see that booming yet. People got to feel
comfortable with the seven six and a half percent rate
and before they start going out and purchasing a new home,
because you know, right now, if you're sitting there with
a two and a half, three, three and a half,
even four percent loan, why are you going to go
buy another place and start spending six and a half

(12:31):
seven percent on your mortgage unless you had to. These
are things they're going to affect us going forward. So
I think the night of this year could be tough,
and I think it could be volatile. I don't expect
if we see more than double digits, I'd be surprised.
But if that doesn't mean it can't happen, it's sometime

(12:52):
early or later coming back. But I do think that
anytime we have a fullback of ten percent, the more
you know, don't looking at dollar cost savage. In dollar
cost savage means it means that you put a little
bit at a time. And if you put a little
bit at a time, what that will do is go
ahead and give you the opportunity to go ahead and

(13:17):
keep moving forward. And if you do that, that will
be fantastic and that will put you in a position
that that will go ahead and allow you to make money.
I mean, at the end of the day, that's what
you're looking to do. You're looking to make money. And
if you're looking to make money, the best way to
do it is to be patient and buy when it's
low and trim back your positions when the markets go

(13:40):
up and they're higher. So Johnson got in, okay, you know,
obviously some of the Republicans voted against them, but finally
came around at the end. I like the fact that
it got happened. I'm glad he stayed the Speaker of
the House because we need type of continuity. Gottwity Okay,

(14:04):
we need it. We need people that have been there,
that are doing it over and over. I don't want
to see infighting. Infighting will not be good for us.
We don't need it. Well, finally turning the corner here,
it seems like he's going to get a little bit
of a break here with some ideas. But people are
gonna as soon as they start coming out left and

(14:26):
right with bills. You know, it's gonna be all over
social media. You're gonna see all the negative press. You're
gonna see all these morning shows doing things. But once
that's done and over, we'll see where it all lands.
There's nothing wrong with reducing regulations that don't make sense.

(14:47):
I'm not talking about regulations that end up creating problems
for people. I'm talking about regulations that don't allow people
to take advantage. But they don't make sense, and all
they're doing is costing money and time, especially to smaller corporations.

(15:07):
I mean, if you look at smaller businesses versus large businesses,
you cannot cannot have the same regulations all the time.
Big companies have the ability, the money to have the compliance,
to have the people they're doing those things. And it's

(15:27):
much harder when people order big companies than it is
small companies. Small companies. If you if you you can
pick up things a lot easier. Regulations are there to
go ahead and defray fraud and to make sure that
people are able to keep the clients the customers safe

(15:51):
from things happening. Obviously, whether it's from healthcare, whether it's
from a financial situation, no matter what it is is
you don't want bad actors, and you need some regulation.
But cutting some regulation, getting rid of your regulation, that
is just tremendous amount. We don't need it. Okay, coming

(16:12):
up with an immigration policy has almost been impossible. If
we can do that, there would be great. I know,
we're shutting the borders, and I know we're going to
be getting rid of people that are problems, especially the
the criminals that have been allowed in, terrorist type that
have been allowed in. You know, let's get rid of them.

(16:35):
We need to increase our ability to keep us safe.
I mean, obviously we saw that down into Sugar Bowl.
I mean, come on, I cannot believe it's still doing
this stuff. And we have crazy people. And that was
a you know, I was a legal American citizen, but
somehow he became isis type of person and decided he

(17:01):
wanted to create terror. You know, we went there to
kill himself because when he got out of the truck,
he came out shooting. He had to quit. You know,
thank god nothing else happened and there was no no
bombs going off and stuff like that. But then you
see at the Lads Vegas in front of the Trump
Plaza in a a Tesla truck blown up. These things

(17:24):
are gonna come happening, and we gotta be careful and
we got ahead. We gotta watch what we're doing and everything.
I mean, you know, it's New Year's Eve. I get
at three o'clock in the morning on Bourbon Street. There's
a good time if you can stay up that late. However,
we all know things after twelve o'clock midnight and things afterwards,

(17:45):
that's when bad things happen, unfortunately, And you know, maybe
we got to be a little smarter about what we're doing,
how we're doing it, and where we're doing it for
a while. But we need the FBI, we need a
police forces. We need the ability to vet these people
and if there are people, if we see things are there.

(18:07):
We got to stop worrying about, oh we're profiling and
we're doing something. We need to check out these incidents
because I'm telling you it's okay from a far you
look at oh that's a shame, and you let it go.
But if that was your brother, if that was your sister,
if that was your father or mother that was killed
in any of these incidences, your attitude behind this would

(18:31):
be totally different. And that's how we always have to
look at things, is if that was me, if that
was somebody that I love, somebody I cared about somebody
I knew that got killed by one of these terrorist
isis blow up vehicles, useless, senseless type of crimes, being

(18:54):
gunned down in these places because of a mental health
whatever it is. You would want things changed, immediately, want
things changed. And that's where we need to go with this.
We need to be changing how we look at things,
what we're doing, how we're doing it, and making sure
that on the other side, we start building America the

(19:17):
way we need it to do. I'm excited, though, I'm
excited for changes. I'm excited to see what we're gonna
do with education. I'm all all in on changing education.
I'm a big believer when things are not doing well,
don't keep doing the same thing. Change it. Take a

(19:38):
little risk, see analyze what's there. The student today is
not the student from twenty years ago, and certainly not
the student from fifty years ago. The student today is
very different. The way they interact, the way they socialize,
the way they get their news, the way they learn
stuff is totally different. Mean, we don't have some old

(20:01):
school ways of doing things, but somehow, some way we
need to bring in education and make people get excited
about what they're looking for. We never liked school, but
we never went through and wanted to fail out. It
was embarrassing. We were left back. If you didn't do well,

(20:21):
that was embarrassing. Not graduating with your friends, that was embarrassing.
No different than when when you're when people found out,
like if your dad lost your job or was laid off,
it was embarrassing. No, you didn't want to tell people.
Your parents were embarrassed. They wanted to find another job.
They wanted to get going because they felt accountable for

(20:42):
the family. Today's world is different. They look at almost
as getting government assistance as a badge of honor, not
as an embarrassment, not as something like I want to
get out of this, I need it, I'm gonna take it.
We're gonna work hard to get out of it. No,
it's like give me more, give me more, give me more,

(21:06):
give me the handout. Oh, and everybody owes me. Now,
look what's happened. It's gone down to the sports world.
We have taking a great game of college football, of
the pageantry and the excitement, and we have lowered it
down to entitled, non accountable, narcissistic type of players. Not all,

(21:33):
but most, how much can you pay me. I don't
like this coach. I don't like the way he yelled
at me. I'm leaving the school and going someplace else.
Oh guess what. The grass is not always greener on
the other side. And if you can't do it at
one place, the chances are you're not going to do
it at another place. That's what they got to start doing,
is look at the statistics of people actually leaving and

(21:56):
going to other places and really making a difference. It's
because being smaller and smaller and smaller. I get it.
With quarterbacks, you know you're behind some good quarterbacks, you're
a great quarterback. You want an opportunity to go someplace else. However,
we will no longer know or be able to cheer
for the same people over and over. It happened with

(22:17):
the one and duns. In basketball. You end up not
even knowing who's on the team. There's no development of
relationships anymore, no different than outside of sports. There's no
development of relationships. You wonder why so many people wander
and get divorced. Nobody knows how to develop relationships. No bonding,
no close lists, no truth, no transparency. It's all about

(22:41):
today and what we can get today, and we need
to change that, and the government needs to change the
way they look at things if we're going to be
successful in our way of growing our economy and lasting. Okay,
we've been around America a long time as number one,
as the number one economy, and believe me, everyone in

(23:03):
the world wants to knock us down. If we want
to stay there, we got to stay there with technology.
We got to stay there with taking risks. We got
to stay there with power. We got to stay there
by being in the forefront of doing the right thing
as much as we can. But the people of America
got to get stronger. We're weak, we show weakness. We
want handouts, we want to get on our feet. We

(23:24):
got to do the things that are right and our
economy can go. We don't want to go ahead and
just give out money to people. We want to bring
up income for everybody because we are more productive. And
when we do that, our country will thrive. And if
our country thrives, the people of America will be happy
and everybody will live in as times like the nifty fifties,

(23:47):
where you can go on vacation, have fun with your family,
pay it bills, save and the next generation of your
children and grandchildren can have a better life than us.
That's the American way. That's the way most of us
have been brought up, and that is what's missing going forward.
We'll be back with the rest of the group and
talk to you about what's going to happen in twenty

(24:10):
twenty five. Happy New Year to everybody. Welcome back, everybody.
This is the Bunny Boy Show. This is Dean Greenberg,
and I got Dave Sherwood and Sebastian will be joining
us a little bit later. Todd and Dylan took the
day off and went's keying.

Speaker 2 (24:26):
O, messing around like all the all the other young
people with no work ethic. And yeah, we've been working
and we start the year with a day off. So
what kind of a message is that sending.

Speaker 3 (24:37):
Right, What do you mean, I'm here at work ethic.

Speaker 2 (24:39):
Oh there he is, there he is.

Speaker 1 (24:40):
He came in, sebastioned.

Speaker 2 (24:42):
Not busy week. Last week, Jimmy Carter passes away. We
turned to twenty twenty five New Orleans. That that's craziness
in New Orleans. That's just there's just so many whack
jobs out there.

Speaker 1 (24:54):
It's just and that's scary. You know, I've been to
the Sugar Bowl a couple of times. Okay, and you know,
Bourbon Street's fun. It's New Year's Eve, you're out. I know,
three o'clock seems late on the normal night, but on
New Year's Eve, it's not because you don't go out
till later. Yeah, you know, you go out nine to
ten o'clock. That's when you start. New Year's Eve comes,
you're excited, you're pumped up, you're having a great time.

(25:15):
Everyone's partying and boom. But the thing that what surprised
me is that they didn't have their barriers up because
they said they were redoing the barriers for the super Bowl.
Well I scratched my head and go, okay, the super
bowls down in a week and in about a month
from now. Okay, but New Year's Eve is just as crowded,

(25:36):
if not more than the super Bowl. Yeah, and you're
not going to have barriers up for terrorist attacks like this.

Speaker 2 (25:43):
It's a shame. That was just it's just a shame
that someone would think to do that, and.

Speaker 1 (25:48):
Awful.

Speaker 3 (25:50):
And then you had another one in Vegas right at
the Trump Hotel.

Speaker 1 (25:53):
Well that's not political. Politically, driven, I don't know what
is and elion musking in front of the Trump.

Speaker 3 (25:59):
I thought you were gonna say it wasn't politically driven.
How could it not.

Speaker 2 (26:01):
I was talking to a guy this morning. He said
that the truck was owned by a guy who was
pretty competent with ammunitions and had what fireworks and explosives
and gasoline in the back of the pickups. And why
would he somebody who has knowledge of explosives want to
blow themselves up.

Speaker 1 (26:20):
Because that's what they do, these suicide attacks, that's what
they do.

Speaker 2 (26:25):
Well that if it was a terrorist, I don't know
anything about the guy, and uh.

Speaker 1 (26:30):
Well, I'm not sure what would I don't care, I mean, okay,
then call him a home ground a homegrown terrorist. That's
a terrorist. Is another one that wants to blow themselves
up in front of a hotel in a truck and
not get out. One is a coward in my eyes
because he doesn't he doesn't care about living anymore, and
he thinks that there's something after them, and he's an idiot, okay.

(26:52):
And then two has no regards for life.

Speaker 2 (26:57):
The kind I was talking to you said he thought
it was an accident that the guy you know, but whatever, Yeah.

Speaker 1 (27:03):
Why would that be full of ammunition and gasoline.

Speaker 3 (27:07):
And fireworks and all this craw like in front of.

Speaker 2 (27:09):
The Trump Hotel in a Tesla rights, It's uh. I
guess we'll learn more as we go along, right.

Speaker 1 (27:18):
You know what, I'm no longer gonna listen to anything
that comes out. I'm gonna just look out and say, Okay,
this is what I'm saying logically, logic.

Speaker 3 (27:25):
It's honestly hard to do that though, Like with all
the bias that the media agency's push, it's hard to
look at something objectively.

Speaker 1 (27:32):
Now, we still don't know how that guy shot Trump
the first time.

Speaker 3 (27:35):
Okay, I haven't heard anything, all right.

Speaker 1 (27:38):
I mean, the only thing that's that's divine in that
whole thing is he is he shot shot? I mean,
how close is that? You can't get any closer? I
was just then? They I mean, I don't I can't
in fathom how that happened. He turned his head. He

(28:00):
wasn't supposed to die, obviously, but what was this guy
doing there? We still don't know. We still don't know
the answers how we got there? Why do you know?
How do he do it? How'd the guy know it?
In the fence too, and he.

Speaker 2 (28:09):
Hadn't turned his head and he would have been killed
right there, right there.

Speaker 1 (28:13):
What our world it would have been like, well, like
Kennedy and you would have seen it and much more vivid.

Speaker 3 (28:19):
Remember when the press secretary came out, she didn't even
want to talk about it when all that stuff was happening.

Speaker 1 (28:25):
Of course not it's it's it's very strange, it is,
and we still don't know answers.

Speaker 2 (28:31):
No, we got a lot of bouncing around over the
last two weeks with the holidays bring light volume, and
would light volume comes high volatility often, right, do you know?

Speaker 1 (28:41):
I don't think it's going to stop. It probably won
I think we're in that part of the markets right
now where you're seeing. This is what I see from
my experience. I see every time we're selling, getting some rallies,
one of two day rallies. I'm seeing selling coming into it. Okay,
the text stocks get selling, and then you get these

(29:01):
day traders that come in to buy it back, and
then they come out again. A lot of trading going
on at these levels. I watched Metago back and forth.
I watched the video go back and forth. You know,
good quality companies that people will buy, but as soon
as they rally five six ten points to get out again,
you know what I mean. So the selling is very
very strong as these markets go, as they go higher,

(29:23):
we are priced to perfection in technology, absolutely price of
perfection and earnings are going to come out, and I
would be nervous. And that's why I think there's volatility.
But volatility brings what opportunity If you have what patients
patience means, wait, you will have it. If you do
not get it and the markets just go up, all
you're gonna have is fomo. I'm not Fomo doesn't kill you.

(29:46):
Fomo doesn't lose money unless you have to go ahead
and buy.

Speaker 2 (29:52):
And when formo, if you get involved in fomo, fear
almost fear missy now right right, If you get involved
in fomo, you can have something like a Costco. They
ran up to one thousand bucks a share. Now it
comes back to nine hundred for no reason. Really, everything's
going well at Costco. Eli Lilly ran up, ran up,
and it's dropped twenty percent. Two great companies with great products.

Speaker 1 (30:13):
Right. When I see those things, that's when I say, Okay,
some of these companies can go down thirty forty fifty,
and they'll look for those opportunities easily, right easily, because
they will be sold off for the great big moves
that they made up.

Speaker 2 (30:24):
Sure, and there there is no underpinning when you have
a stock that's fifty times earnings starts telling talking about.

Speaker 1 (30:31):
Some of them that pig rally down. Now AMD, AMD
got over two hundred.

Speaker 3 (30:36):
And he's gotten crushed.

Speaker 2 (30:37):
AMD has gotten crushed.

Speaker 1 (30:38):
Right, it's down on one twenty and it's in the
text department, it's in the chip.

Speaker 3 (30:42):
But that's also because it was price to perfection, right.

Speaker 2 (30:44):
Right, But it's eighty it's down eighty points and and
and down for the year right down.

Speaker 1 (30:50):
Eight the year points. So what is eighty points on
that that that's uh what.

Speaker 2 (30:56):
Yeah? The the but you got intel, yeah right, AMD.

Speaker 1 (31:00):
It tells it. Well, we said stay away for Midtel. Yeah.
I mean until once they started having their problems, is down,
and then they had a knife bop from twenty back
to twenty five and a half and then is back
down again. Then okay, so I mean you got to
be careful which ones are in just because the down
doesn't mean they're going to be great great companies. If
you're going to be in the chip area, you know
where to be. Okay, there's two of them right now,

(31:21):
broad Common and uh and uh the video yeah you know.

Speaker 3 (31:25):
Yeah, but I don't know. I think the market's getting
a little bit saturated with the video. I think AMD,
like you're just saying that they could become a competitor
at some time.

Speaker 1 (31:34):
But if we have a sell off, what would you rather.

Speaker 3 (31:36):
Buy AMDR in video?

Speaker 1 (31:38):
Yeah? In video? Okay, exactly, yeah, because then video is
the ones where the money will flow back in, right
my I know and David knows. We've been around a
long time and one of the things I've always done
when we've had big sell offs twenty which I'm not
saying that's going to happen, but when it does, I
sell all my crap growth stocks, the ones that aren't
working that I'm down on, take those loss and I

(32:00):
go into the good quality stocks. That's the first step
I do, because those are the ones that the world
will buy. The world will come in and buy the
doll stocks. And if you don't want to buy the stocks,
buy the the diamonds, which is the Dow Jones, Buy
the s and p Those are the ones that are
going to rally back. Okay, then as they do, then
you can go off and slough off to some of
the other ones that they didn't move, and the money

(32:23):
go and then they stop moving.

Speaker 2 (32:25):
Now, you're absolutely right, but we are we are so
far from that, Dean. And because we haven't even had
a pullback, I know so, but you're absolutely right. When
there is a big pullback, that's what you want to
be buying, because right, but.

Speaker 1 (32:35):
Like Sebastian was saying, and it's that market if you
take a little money off in Navidia because it's so high,
and you can nibble at amd okay because it's low.
But don't think that it's hit bottom yet because it
might not have. Sometimes people think it's hit bottom because
you know some of the research that we get they said,
buy it at one forty, buy it at one thirty.
Then they said, hell, well they get out of.

Speaker 2 (32:56):
It, threw in the towel, never mind. This is the
terrible idea, well.

Speaker 1 (33:02):
Because look at it the new year and saying we
can come back to it. But there's other stocks here
that are better right now.

Speaker 2 (33:08):
Yes, yeah, there's no reason to wait like that. Oil
up three dollars and forty cents to seventy four dollars.
I'm told as I've read about is declining US inventories. Now,
I've got two things that are seeing me to working
against oil. Number one is the Trump administration, which should
be uh should should bring on more supply right, which

(33:30):
will lower the price. And China, which is really struggling,
which should keep the price down. And yet the price
is going higher. And they said because of declining US inventories.
And I'm thinking, this is the slowest time of the
year for always have an excuse for trading up oil. Yeah,
this is the slowest time of the year for oil usage.
How are we having declining US inventory?

Speaker 1 (33:50):
Let's talk about China. Yeah, be had economy struggling, stock
market is getting killed, struggling. Interest rates are so low
right now, they're going to keep low in interest rates
and they can't get out of their own way. So
when you sit there and you talk about how bad
capitalism is, think about how bad communism is and socialism.

(34:10):
It doesn't work people, So stop talking to about people
being capitalist pigs. And all we care about is money
and money hungry people, and that's who's going to be
running the country, because you know what, at the end
of the day, if they ain't running the country, you're
going to be in a socialist situation. And you're not
gonna like that any better. Yeah, unless you just just
one handouts over and over and over again.

Speaker 2 (34:32):
I agree with the gold was up twenty seven bucks
on the week the twenty six forty five. Bitcoin got
a nice pop four percent, moving back towards one hundred grand.
There's a lot of pundits out there, a majority of
them see bitcoin doubling in twenty twenty five.

Speaker 3 (34:46):
They're all talking.

Speaker 2 (34:46):
They see the pundits.

Speaker 1 (34:49):
They've been saying it, David. They've been right, and they've
been asking right and wrong, right and wrong. You know,
you know, every few years and it gets cut almost
in half and then rallies all the way back in doubles.
So we'll see you. Remember. The other thing, too, is
I'm a big buff on looking back at history and
history repeating itself. And I keep talking about this, how
history is looking like you can repeat itself again from

(35:11):
the pandemic, out of the pandemic, the roaring twenties. Man,
we are setting ourselves up with Trump and this stuff
that if we have any real big decline. Rally with
it for the next four or five years, because it
will be one hell of a ride once we go
through that. Be patient. Hold on. Cash is good right
now you can get four and a half percent, You

(35:32):
and your opportunities would be there. We'll be right back.
Thank you for listening to The Money Matter Show. Welcome back, everybody.
This is the Money Matter Show. We got Dave, myself,
Dean and Sebastian here.

Speaker 2 (35:45):
Everybody else is stop playing having some fun. It's all right.
They work hard. Time of the year, yep, time of
the year to have a little fun.

Speaker 1 (35:52):
Yep, you were gone, you were gone for a little
Christmas time.

Speaker 2 (35:55):
Day after tomorrow is the first real working day of
twenty twenty five, and away will go. Yeah, when everybody
comes back from there two to three.

Speaker 1 (36:02):
Weeks now, they're going to look at us a number
holiday because we're off on Thursday.

Speaker 2 (36:06):
That's a good point, like I have. It's crazy, isn't it.
It's gonna come back and let's go. Well not quite.

Speaker 3 (36:12):
Wait, so is that now going to be a federal holiday?

Speaker 2 (36:14):
No, No, it's just one day.

Speaker 1 (36:17):
Well, it's going to be a four day holiday for
a lot of people. Because I guarantee you a lot
of people said, hey, I'm not coming on Friday. They'll
take off on Thursday and go away for four.

Speaker 3 (36:25):
For us, we have to we the market's closed, we
don't have to be here, but we're still going to
be here. We have a couple of meetings. But the
banks have to stay open. They're close to they're closed.

Speaker 2 (36:33):
Oh yeah, federal office is closed. Federal holiday. It's great
national day of a morning.

Speaker 3 (36:40):
Blessed, Hm Carter.

Speaker 2 (36:41):
Well, it's a I had quite a life, was apparently one.
It seemed like he was a really really good human being.
Not a great president by most measures, right, a good
human being and lived one hundred years and most of
it pretty comfortably and pretty good gig. If you ask me,

(37:02):
not sure what we're morning.

Speaker 3 (37:03):
Other than next of the day off, I guess.

Speaker 2 (37:05):
I'd be a national day celebration for Jimmy. Good job Jimmy.

Speaker 1 (37:09):
And that is why they need to start. If I
was in president, first thing I would do Election Day
would be a national holiday. No more excuses that you
can't get there, you've got to work and do stuff.
Make it make it a national holiday. Go back to
voting the way.

Speaker 2 (37:25):
It should be it just want you want everybody to
drive down to the pole and stand in line.

Speaker 1 (37:29):
No, but if you're going to get you know, just
don't send out all the ballots. You have to ask
for the ballots. You know where I stand on all that.
And then you can have a couple of weekends before
two weekends before that you can have voting in person also,
and then that's it. You want to vote, make it
a priority.

Speaker 2 (37:47):
Yeah, everybody. I don't know what percentage of the vote
is by mail now, but it's over fifty for sure.

Speaker 1 (37:53):
And that's okay because they've asked for it, you get it.
You send it in and get it in early so
they can actually so we don't have to wait a
month to figure out who who wins.

Speaker 2 (38:04):
That's that's something I don't know that they're ever going
to get that fixed. In Arizona. It seems like we have.
We're leading the nation, and maybe that's because the elections
here are closer like in California. You know the Democrats
is going to win. You don't even need to vote
count right, or is.

Speaker 1 (38:19):
It because we're forty eighth to the nation and education
we just can't figure it out, David, because we can't
figure out how to make our kids smarter, why would
we make politicians smarter.

Speaker 2 (38:30):
That's a good point. That's a good point now on that.
But we were the forty eighth state, right or with
the forty eighth state to be to join the union.

Speaker 1 (38:37):
Yeah, maybe we're a union for the unions, the world unions.
I am telling you, these unions right now are starting
to hurt these small companies in Tucson too, the restaurants, well,
the employees. Trying to get these employees who really don't
want to be unionized unionized, the employees, the students, most

(39:00):
of them. Okay, they want to make their money what
they want, you know, you know what they really want,
dave no taxes on tips that they would take. Okay,
let me work my alts, let me have the keep
my cash in my pocket, no taxes on tips, and
go away. I don't want to be union. I I've
asked everyone. I've asked attorneys, I've asked other people. What

(39:21):
benefit does it have if a labor union comes in
and presses the owner to be unionized? Okay, of course
you got to go through the vault. Well, how do
they get the votes? Don't tell me they're not going
ahead and tantalizing. What the employee is there telling them
all these things? But how does it help the employees?

(39:41):
How does it help the customers? You unionize its employees,
what happens? You become lazier yep? Okay, you just do
what you want you got to get. You get paid
more to do less, right yep? And then what happens
the customers aren't happy because they're paying more for worse service.
All right, So now the place closes anyway, Now you

(40:02):
have an empty store, you have no job for people,
you have an owner that can go bankrupt. Where does it.

Speaker 3 (40:10):
Help when you take incentives away? You can't prosper in life.
I have a lot of like blue collar workers, and
one of them is part of a union, and he
talks to me about all of these people that are
part of the union that get paid the exact same
But he does, you know what, he thinks eighty five
percent of the work and the other people do fifteen
percent of work and they get the free ride. They're
okay with it. They're not incentivized to work a little
bit harder. It's kind of like pulling tips at a restaurant.

(40:32):
Why would I ever want that a server that does
good at my job, where's my incentive to be better
at my job?

Speaker 2 (40:38):
There is none, you know along that line. Starbucks, of course.

Speaker 3 (40:43):
Yeah, that's a big one. That's a big one.

Speaker 2 (40:45):
That's a big one. Barista's in Bellingham, Washington successfully voted
to unionize last week, marking the five hundred store to
join Starbucks Workers United. Right, the union now represents more
than eleven thousand baristas baristas around the country. But get this,

(41:07):
less than three percent of Starbucks workers less than three percent. Wow, wow, yeah,
less than three percent of Starbucks workers. How many, yeah,
are represented by the union. Because you're hearing so much
about this, it just seemed like every day.

Speaker 1 (41:22):
See how it benefits the customers or the or the employees.
I don't understand it, because employees have to make decisions
on what to do. If they can't afford it, they're
gonna have to cut back employees. They do that, they're
coming back on service. They got to charge more. It
doesn't work for anyone.

Speaker 3 (41:39):
People don't see it that way. People just want to
go to work, make their coffee and collect the check.

Speaker 1 (41:44):
You know.

Speaker 3 (41:45):
I don't think about how that's going to affect the
coffee price.

Speaker 1 (41:47):
And I don't understand how they can go after these
small car At least Starbucks is a big corporation, But
they go after these individual small restaurant entrepreneurs that might
have a two or three different stores or something like that,
or different types of uh locations or different different venues,
different things whatever, And they still go after them. And

(42:11):
they're gonna kill it before we know, we're not gonna
have anything here, but uh, the big, the big Starbucks.

Speaker 2 (42:17):
And who's the primary beneficiary of a union of unionizing?

Speaker 1 (42:22):
There's union people. Some guys, are you running the damn union?
What a job that is?

Speaker 3 (42:27):
It's like homeless shelters in California. Who who benefits off
of that? It's not the homeless population, it's the homeless shelter.

Speaker 2 (42:33):
It's not like an a nonprofit at right.

Speaker 1 (42:37):
You got workmen's comp. If somebody gets hurt, they're gonna
have workmen's comp. You have OSHA that comes in, You've
got the the inspectors that come in, you have everyone
that comes in to be able to protect from a
health cold period. You've got capitalism says all right, minim
wages now fifteen, Well, the dishwasher once seventeen, the cook

(42:57):
then that was getting twenty one's twenty five. That's the
way it works. And now the customer comes downs twenty
seven thousand, and where's all my French fries?

Speaker 2 (43:07):
It seems like we hit a hot button here. Yeah,
I think a little hot button, do it?

Speaker 1 (43:12):
Just it just bugs me that that we're doing this
and we're allowing it to happen, and representatives in Tucson
letting it happen, and they vote for it, and they
and they don't. Don't don't help out the small the
small businesses.

Speaker 2 (43:24):
Frustrating, frustrating that a more a more news in the
EV space, right Dethla, a company reported they delivered thirty
thousand fewer vehicles in twenty twenty foot never mind it
was two million, right new Tesla's out there, thirty thousand
fuer vehicles in twenty four then twenty three, which is

(43:45):
the first year over year drop in history. Oh, could
it be competition? I mean, could it have anything to
do with competition? It doesn't have to do with EV's
being of no interest because reported that twenty twenty four
was their best year for sales in five years, thanks

(44:06):
to a thirty eight percent increase in the sale of
electric vehicles.

Speaker 1 (44:11):
Right right, You know he won't have been able to
have his EV section that this goes away.

Speaker 3 (44:16):
They're going to take away as charge.

Speaker 2 (44:17):
No, there's no going away. It's getting more and more
pervasive all the time.

Speaker 1 (44:21):
All of the new I don't hear anyone goes Jean,
I'm getting an EV vehicle this week.

Speaker 2 (44:25):
All of the new UH postal trucks are being r
EV now.

Speaker 1 (44:30):
Government, government, government, yep.

Speaker 2 (44:33):
And and I see, and I new. You can't drive
anywhere without seeing an electric view. I promise you drive
a mile.

Speaker 1 (44:39):
Until and you and I both know this. Until you
can take the electric vehicles actually out of just local
driving and feel comfortable with it, it won't could. When
they do that, you'll see a huge increase. Oh, that
electric go through the moof.

Speaker 3 (44:54):
The range is a huge thing. But I think that
have you seen an.

Speaker 1 (44:56):
Electric bill go up at all?

Speaker 2 (44:58):
Very little, Dean. Honestly, I don't even notice because I
was thinking about that much electric bill A couple hundred bucks.

Speaker 1 (45:05):
So it's but are you on the flatweight? Is that one?

Speaker 4 (45:08):
No?

Speaker 1 (45:08):
You're telling me in the summer, it's only a couple
hundred bucks. Uh, yeah, do you turn on your air conditioning? No?

Speaker 2 (45:13):
No, I've got a twenty six hundred square foot house
as opposed to your mansion.

Speaker 1 (45:17):
Get lost? Are you telling me you don't have your
Your bill doesn't go to four five hundred bucks?

Speaker 2 (45:24):
No it does not. No, no electing bills electricly building
to keep it at electric seventy six seventy six, don't wonder.

Speaker 3 (45:32):
Yeah, my bill even goes to three hundred and fifty
four hundred.

Speaker 1 (45:35):
Well, because we don't sit there at seventy six and
like sweat on well, well, well, at home, we want
to be comfortable.

Speaker 2 (45:41):
Then people don't sweat at seventy six.

Speaker 1 (45:43):
Yes, sorry, yeah they do. I can't sleep at seventy six.
I need seventy's sweat right now. I need at least
seventy two.

Speaker 2 (45:53):
Oh my god, we'd freeze to death.

Speaker 1 (45:55):
We'd have to be in it when I got I
love when I go to hotels, though sixty seventy two.

Speaker 2 (46:00):
If I set my ac on seventy two, I'd be
sitting there in a robe with a blanket over freezing
to death. Seventy two. My goodness, you can't get seventy six.

Speaker 1 (46:15):
We all come with up a little held held hand
held fans.

Speaker 2 (46:20):
No, no, I think that I think that you'd find
that that's actually more common. In fact, the TP suggests
seventy eight. That's what you should have it on.

Speaker 1 (46:27):
Oh, you're just not burn, you know what, there's no way.

Speaker 2 (46:31):
Hey, they're selling electricity. I don't know, right, Yeah, and
they're saying seventy eight. That's that's the efficient temperature. I'm
at seventy six. I'm colder than most everybody else. You're
a seventy two. You're an ice box. You could you
could hang meet at seventy two.

Speaker 1 (46:45):
Whatever. So the bottom line is we're coming up to
the bottom of the hour. Top of the hour. I
should say, I want to thank everybody for listening to
our show. I remember these are all put on podcasts
after woods and you can get them on our website
financial dot com. We have TV shows, we've got radio shows,

(47:06):
we got podcasts. We have it all. I hope that
you're going to go back and look at it. We'll
be back in just a little bit. Thank you for
being part of what we do.

Speaker 4 (47:18):
Hello, and welcome to Money Matters. I'm Sarah Peterson here
with Dean Greenberg and Dylan Greenberg. I get the both
of you today so exciting for me and so exciting
for me. Sure it is double the trouble. We always
have so much fun. But let's talk about There's a
lot going on right now in the markets, in the world,

(47:39):
in politics, finance is exploding in every direction, and I'm
sure people have a lot of questions. But every show
we talk about the importance of a financial plan, and
the one thing we hate to talk about because nobody
really wants to talk about it is a budget. The
B word. We love to talk about that.

Speaker 5 (47:58):
Yeah, the budget. That's always the biggest one we talk
about it. And when we send the first email about
trying to having the client gather all the information to
bring to the meeting, because we start our financial plan
from scratch when we meet with them the first time,
but we send an email gather the information you can.
The hardest one for them to find is their monthly budget,
which is either monthly or annual. However they want to
do is try to figure out all the expenses, and

(48:20):
that's the most common one that they come in.

Speaker 6 (48:21):
They're like, I don't really know, I don't want to
figure it out.

Speaker 7 (48:23):
What kind of scared me. I don't know, it's hard.

Speaker 5 (48:25):
It's we have these fixed expenses and these variables change,
and it's always just the difficult one, yep. But by
the end of the meeting they have it all is down.
And the reason I think it's the most difficult one
is because it's scary because they're saying that I don't
know if I if I know the answer, it could
screw up everything that.

Speaker 4 (48:42):
I also maybe a little bit of pride to. I mean,
I don't want to come to you and show you,
you know, all my financial cards and you're like, you know, Sarah,
you're really spending too much, And then I'm feeling a
little less then. But that's probably not always the case.

Speaker 5 (48:55):
Well, the funny thing is, yeah, that's always the feeling.
But more often than not we're telling people just spend
more money. By the end of it, because we go
through the plan, they have their expenses been a lot
of these clients have built a habit over the years
of saving, saving for the retirement. They built a nice
nest egg that now it's time to use it in
their favor and enjoy it, and it's kind of hard

(49:17):
to change that mindset where they've always thought, Okay, I
got to build it. But now if the thought of
depleting it scares them because they don't know if theyre
going to outlive it. So the best thing about our
plan and our program that we have is it shows
we can show you going out to one hundred and
ten age we don't usually usually it's around mid nineties,
and a lot of time the client's like that it's
too long anyways, But we want to show them, Okay,

(49:38):
well does your plan look like if it goes longer
than you expect, And more often than not, they have
money left over, a lot more money left over.

Speaker 7 (49:44):
Too a lot of the time because they're not spending enough.

Speaker 5 (49:47):
So we tell them when you see a plan go
ninety nine percent, which is the most confident a plan
can be. We're like, okay, how do we break this plan?
How much can you spend each year until you die?
If to break the plan, and then we give them
that spending range, and that spending range can vary from.

Speaker 7 (50:01):
Anywhere from just hypothetically.

Speaker 5 (50:03):
We have a client that's spending right now eighty thousand
dollars a year, and we show him that's a ninety
nine percent on the confidence level so okay, how do
we break it?

Speaker 7 (50:11):
And they have so much?

Speaker 5 (50:11):
An askest says they've accumulated over the years. They can
spend tw hundred thousand dollars a year and it doesn't more.

Speaker 4 (50:16):
Than double what they're more than double.

Speaker 1 (50:18):
Yeah, and music.

Speaker 4 (50:21):
I literally, as you're speaking, I'm going he's talking about me, right,
I should be spending more. Honey, do we hear this?

Speaker 1 (50:26):
Have you ever done the budget?

Speaker 4 (50:28):
Well? The be word.

Speaker 7 (50:30):
It makes a cringe everything.

Speaker 4 (50:32):
I'm not really a fan. This isn't about me though. No,
to be honest, it is a little intimidating, but we
all need to do it, and when we do, it
does give you peace of mind. It really does, because
I think in general, we all do want to know
what our limitations are, right, We're always pushing the limits.

Speaker 1 (50:49):
Okay, but let me and this is an honest question, okay,
because I know, like in my situation by Pail, I
try to explain to my wife and stuff, you know,
this is how much we can spend, but she doesn't
really want the comprehended want to know it. Whatever it is,
don't get me in trouble.

Speaker 7 (51:06):
I think it's don't want to know it?

Speaker 1 (51:07):
Right, I want to know if you know what it is.
I mean, because I don't think most, like a lot
of women, if they're not doing the financial stuff and
they're spending and on. But you have your own business,
and mel has your own business, but it's still one
of those things. Do you actually know how much you
spend each month? Have you said that with your husband

(51:28):
and done it.

Speaker 4 (51:29):
It's actually a really interesting question because it does. It
varies based on so many There are so many variables
right in our life. But I find it a lot
to be very emotional. So that's what's difficult about what
you do is you know, sometimes we find hardship in
our life. Right, somebody passes away young, or someone gets sick.
Instantly you're like, oh my gosh, I need to live

(51:51):
my life and go out there and do right. It
just changes your perspective. Or there are some years where
we're just really content and feeling, you know, a little bearish.
I think a lot of it is emotional. It's much less.
You know, this is how much is in the bank,
and this is how much we should be spending.

Speaker 1 (52:05):
No, but it's probably like most I mean, we spend
money and then if there's a problem, your husband or
myself talk to our wives and say, listen, you're spending
too much money. So for a month or two you
do okay, and then you come back to it. But
it's not like most people don't sit down together and

(52:26):
do it, or the wife does it. She sits down
and does the budget. And since in a husband you
can spend this much money and stuff like that, but
it would be good if both people can. But I
don't know that means you're both like that type of person,
that mindset.

Speaker 4 (52:41):
I think that's what I'm saying. I feel like there's
so much psychology that goes into what you do. And
what I love is that you guys have each other
as the foils, and then getting to know your clients.
You really do understand who they are and what makes
them who they are and what their dreams and goals
are versus just okay, there's Sally and here's her, And
isn't that you've got to understand a little bit more

(53:02):
about those people to help them create those goals well.

Speaker 5 (53:05):
And the way we build the plan is let's show
you're just the best plan you have in your plan,
like in your idea of your life that you see
through retirement through the next forty years of your life.
What would be ideal would you Do you want a
new house, Do you want to expand your house? Do
you want to get a second house? Do you want
to get another car? Do you want to get that
sports car or like a big gift or something like
that later on in life. And then if it works,

(53:26):
there's nothing to change. But then at that point, if
it doesn't, we got to reign it back a bit,
and in a sense it brings it back to reality.
But that reality at least gives them a breath of
fresh air at the end of the plan too, Yeah,
because they realize, Okay, so this is what we can do.

Speaker 4 (53:39):
Is there a perfect age that you like to start
working with people? I mean, is there?

Speaker 5 (53:43):
Or is it just start the perfect as to start?
I will say if they're younger, like in their twenties,
the plan probably won't show that there's much confidence because
there's so many variables that will happen in the next
forty years. Yeah, but the difference is at that point
you can start your plan, start your idea, have it
in your mind in your twenties, and then every year
you updated. If you buy a house, if you get married,
if you have kids, and that's not the difference.

Speaker 8 (54:03):
Maybe at that.

Speaker 4 (54:03):
Point, it's more learning how to invest in save and
just get a better general financial health plan going right.

Speaker 5 (54:10):
It's really just getting your mind into that world if
it's never been there.

Speaker 7 (54:13):
That's the biggest thing.

Speaker 1 (54:14):
With type of plan. So you got the accumulation phase
and then you have your distribution phase. Okay, so sometimes
people are right in the middle of two, like fifty
to sixty, you're accumulating two, distribute. Once you're hitting your
sixties or seventies, now you have the distribution phase. You know.

Speaker 4 (54:33):
It's interesting because I always thought during the distribution phase
we needed less because okay, you kids are out of
the house, and it's not. But then I think, oh,
I see all these people. People are living longer and
they're living healthier, so they're getting to take these great trips.
I mean, you're not even retired yet and you're taking
all these great family trips. That's a goal of ours
to be able to enjoy our retirement. And I don't
want to say, oh, we can't do this, you know,

(54:53):
oh you have four kids. Sorry, we can't afford to
take all your kids on the boat. You know, it
would be nice to know that that is what we
can save for.

Speaker 5 (55:01):
And that's the main common goal that people have is
I want a separate travel goal of five, ten, fifteen, thousand,
whatever it may be, on top of their regular day
to day spending.

Speaker 4 (55:10):
I love that and to me, I would rather know
if I'm on the right path to getting there earlier
rather than later. And so now is the time to
make that phone call. The number on the bottom of
your screen is five two zero five four four four
nine zero nine. We do need to take a quick
commercial break, and when we come back, we're going to
talk more about the numbers that go into deciding how
we're going to make those investments in our retirement. Hope

(55:32):
you'll see us soon. Hello, and welcome back to Money Matters.
I'm Sarah Peterson here with Dean Greenberg and Dylan Greenberg,
and we're talking about retirement. Why people are so hesitant
to want to budget. I mean, when you think of
your income going away, right, it's scary. But not everybody

(55:54):
does just retire and then that's it. Sometimes they decide, hey,
I'm not done, I want.

Speaker 2 (56:00):
To do.

Speaker 1 (56:02):
Well. There's a lot of things that people want to do. Okay,
that's the biggest thing. When people come to me and
they say I'm going to retire, I said, okay, what
are you going to do? I don't know, God, I said,
I said, you better think of what you're going to do.
I said, because most people that come in here that
don't have something to do get old real quick. All right,

(56:24):
So you don't think you're going to sleep late, or
you don't think it's going to happen. So figure out
what you're going to do. We don't have any hobbies,
so I said, don't want Are you retiring? You know, well,
usually in corporations, they want you out. One of the
biggest trends that I see though lately. There's a lot
of people that work for companies like down by US
righton and a lot of these other companies. They retire,

(56:47):
they get their benefits, and then they get hired back
by another company who's actually works for the same company,
you know what I mean, and they actually make a
lot more money. There was a guy that I know,
without mentioning names, he was making I don't know, maybe
one hundred and seventy five thousand dollars working for this
big corporation. So then he gets all his benefits, gets

(57:10):
his pension, gets all this stuff, and then he works
for the other company doing the same exact thing for
the big company and it makes three hundred and fifty
thousand dollars. Wow, but no benefits, no nothing.

Speaker 4 (57:22):
But this is really interesting because this would really play
into you know, when you're going to take your Social
Security benefits, you wouldn't want to start taking them until.

Speaker 1 (57:32):
You take it. You take it one, well, I'm a
big fan, Okay, taking it at your full retirement age,
which right now is about sixty six and eight nine,
ten months depending when you got it. The reason million
is is one, there's no way I want the government
keeping my money any bit longer, even if I'm paying

(57:54):
taxes on it. I'll take it, no penalties for taxes.
If you do take that money, it takes you to
about eighty one years old. If you don't take that
money to have you break even. I don't want to
be in that. I don't want I want the government
to get more, get anything more than they need to
that we've been paying for this whole time because they

(58:14):
haven't been smart enough to figure out how to change
Social Security. So it depends on people. Now, However, if
somebody really needs that extra fifteen hundred that it would
take for them to get to seventy and they're still working,
then we talk to them and that's where the plan
comes in. Wait till your seventy and you're going to
get this much more money, which is what you're going

(58:35):
to need guaranteed to you to make this plan work
for you down the road.

Speaker 5 (58:39):
Yeah, our plan as a social security optimizer gives you
the economic side and then that idea of when the
best time to take it is based off the information
we plug in.

Speaker 4 (58:47):
I just think it's so confusing for so many people.
So it's great to have those answers. Because you can't
read the Social Security handbook.

Speaker 5 (58:53):
You go online and they keep it vague on purpose
because they just want you to go get it the
minimal that they can do. But like he was saying
is if you're under full retirement age and you decide
to go back to work, if you retire at sixty
two from your pension job, you get your pensions, but
you get bored.

Speaker 7 (59:07):
You want to go do the.

Speaker 5 (59:08):
Independent contracting like you're talking about. You don't want to
take Social Security because you're going to get penalized to
taking it if at sixty two, you have to wait
until your full retirement age, and then there's no more penalty.
So if you decide if you think you might work
between your career retirement data and doing something else until
you get fully retired, wouldn't suggest to take it at
that point.

Speaker 4 (59:28):
It's so interesting because I think a lot of people
there's again of this huge emotional component to the actual
act of retiring, because people think, oh, that sounds so great,
I'll have all this time on my hands. But if
you don't have a plan as to what you're going
to do, you can just sort of fade away.

Speaker 1 (59:44):
You don't have a plan, if you don't have a
budget and you didn't save money, retirement pretty much sucks.

Speaker 4 (59:50):
Yeah. And also, I mean, like you said, being a
lot of people don't account for the emotional side of
I don't have like my schedule. I don't have my
routine of getting up and going to work and feeling
a sense of purpose. And if you don't find that
sense of purpose somewhere else, that might be something that
you decide, Hey, I want to go back to work
because I love being in front of people or socializing

(01:00:10):
and get really lonely being at home.

Speaker 5 (01:00:12):
So that's a big one, is they retire because they're
so tired of work in after forty years, but you're lonely.
They realize a lot of their daily interactions come from
work with people, and they just need human interaction. So
that's why a lot of people do go back to work,
and that's why Walmart greeters they're so happy because they
just want to say hi to people and talk to people.

Speaker 1 (01:00:30):
Do something. When you said something, being significant is important.
Once you lose that significance in your life, what do
you have? What are you doing? And I talk to
people about that. What are you going to do that's significant?
Who's going to need to hear anything about your wisdom
of all those years that you've had. Who are you

(01:00:50):
going to be able to help or relate to. I'm
a big giver backup. I think when you give back
your knowledge, your time, money, whatever it is that you
can to do, that is worth so much to others
because it's backwards. So all of wisdom comes when we're older,
when we but you know you have you had wisdom
earlier when you had money and be able to do stuff.

(01:01:12):
You get older, you get all the wisdom and you
don't have the energy.

Speaker 4 (01:01:16):
That's what I was saying before. But I think the
crazy thing is people have more energy for longer because
you know, Medicin's come such along way you were able to.
I mean, my grandparents' retirement is not I mean I
remember them being kind of old and retired in their
early sixties. I have friends in their sixties that seem
younger than you know, someone in their forties.

Speaker 1 (01:01:34):
If you would bed by eight o'clock, I can tell me.

Speaker 4 (01:01:37):
Yeah, but this isn't valve. I have four kids, it doesn't.
I haven't been lonely since they were born. I don't
know what that's you like, and people you're exhausted, You're
totally exhausted. But the point is is having a plan.
You were asking me if I budget and those things.
I actually would like someone to give that to me,
because I think having that limitation is is good. Otherwise

(01:01:58):
we all test our limit. It's right, and I don't
want to be testing it when I'm sixty four and
a half and I would like to start retiring. I
want to sort of know now where my limits are.

Speaker 5 (01:02:09):
Yeah, especially if you're retiring in your early sixties, you're
going to want to travel more. You're going to want
to do a lot more things. Up until you turn
about eighty is when we see clients slow down. They've
seen it all, they've done at all, or they just
their health dwindles away so they don't want to travel
as much. But in your middle early sixties, you got
about twenty years of you want to go do things,
and it's that so you want to be able to
budget for that and figure out and it helps you

(01:02:30):
plan for it too if you're knowing you're what your
budget could be around like, give you arrange your budget,
is here for it with your significant other, and get
ready to do it so you're not just kind of
living day by day without approprise.

Speaker 4 (01:02:40):
It just I'm so incredibly amazed at how many people
do not have a plan. And you can't go through
the rest of your life like that because the world
is so chaotic. Wouldn't it be nice to have one
thing you knew was accounted for and a plan to
know if you're on the right path. And it is
so incredibly easy. All you need to do is call
the phone number on the screen. It's five two zero
five four four four nine. Zero nine. We're going to

(01:03:02):
take a quick commercial break. We'll come back and talk
so much more about your Money Matters. We we'll see
you soon. Hello, and welcome back to Money Matters. I'm
Sarah Peterson here with Dean Greenberg and Dylan Greenberg. We've
been talking a lot about the dirty bee where the budget.
I don't like it when you ask me if I
have one, so let's not talk about that again. But
I think this is so important to talk about as

(01:03:23):
we're approaching retirement. How some things, like you said before,
happened to the upside. We're all a little bit afraid
to ask the questions, but sometimes your answers are not
what we expected. We were able to do more than
what we thought we could do, which is a great
problem to have.

Speaker 5 (01:03:39):
Yeah, exactly, like I'll say in that first segment, it's
more often than not people can spend more than they
think they can because they have built the nest egg
that they'll are.

Speaker 4 (01:03:48):
These people, by the I just wanted to know it takes.

Speaker 5 (01:03:51):
Them the retire raise are getting a lot of the time,
it's pensions that they get.

Speaker 7 (01:03:57):
So they have it.

Speaker 5 (01:03:57):
They built this great nest egg, but they also get
a pension, So then they're putting it all into one
place for the first time, knowing that they were going
to get it. But they've seen it all and they're realizing,
I can take from the retirement nests that if I
need to. But they've also lived off their salary for
forty years, so they have that habit of living the
more modest life is how they usually do, and they
want a safe, safe, safe so they can be ready

(01:04:18):
for retirement. And now it's us telling them you're more
than ready, go spend a little more, and they can't
because it's not how their brain's wired, because they spend
forty years building a habit.

Speaker 4 (01:04:26):
Remember that movie Brewster's Millions that it was in the
seventies where they said, you know, you have millions of
dollars and you need to spend all this money and
leave no trace of it. There can't be any physical
thing left. I thought, that's a good challenge we could
I'd really enjoy that challenge.

Speaker 1 (01:04:42):
The other thing, too, is a lot of these people
remember their parents and grandparents talking about the depression. Okay,
they have to put money away, and they're coming out
of the last stages of pensions. People don't have that
many pensions anymore once you're working for the government, and
so those are big things that people remember and go

(01:05:03):
from there.

Speaker 4 (01:05:04):
Well, I think there was the Depression, but there was
also this generation that built their wealth from literally nothing,
and they really understood the value of a dollar. Generations,
you know, in between, haven't really had to deal with
that and they haven't had to suffer. And we're seeing
sort of the repercussions of that too with the younger generation.
We were talking about earlier not necessarily working as hard,

(01:05:27):
and there's that mentality that you have, you know, you
fall down, you get back up again, and you don't fail.
I hope to instill that back into the younger generation
and that they learn that in terms of their money,
you know, not to squander it on that.

Speaker 1 (01:05:43):
Like cultural idea, I mean, I hope that we're going
back to what we say and changes. Yeah, I want
to see education change. Okay, why it's so hard to
have people now And if it goes back to the States,
it'll be great to where they're teaching about real life
things being one of them. It's not going to come
from their parents because most parents don't understand it either.

(01:06:05):
So they go through this generation of generation. So it'd
be great to see education and in high schools change
and college. It's where people are understanding more about what
it is.

Speaker 4 (01:06:17):
It is one of all the classes that had any
practical application. They're removed. You know, home economics. There used
to be in our school there was woodwork and you
could choose any of these things you wanted to learn
how to practically do. They don't have those options anymore.

Speaker 5 (01:06:30):
I will say, Tuson High does they have a class
called entrepreneur class.

Speaker 6 (01:06:34):
That's it's the first time I've heard.

Speaker 7 (01:06:35):
This in high school.

Speaker 5 (01:06:36):
It's you have like a they do a stock market
simulation for the year. Love that, which is awesome because
I didn't do that until I got into my master's program. Yeah,
and that's as I haven't even heard of that in
high school. But it's really cool that they're doing that now.
They're trying to get them in that mindset. Like I
select few students from the school.

Speaker 4 (01:06:52):
I think it's so great. This is when the mind
is like a sponge, right, so getting to them young,
it's going to get that spark there of how can
I do this in practice application?

Speaker 1 (01:07:00):
But I would love to and Dylan s heard this before.
I would love to teach a class that changes that
whole idea of how you do it. Because everything's money oriented, right.
You're graded on how much money you make. You're in
a class, meaning if you come to class, like going
to work, you get paid. You don't come to class,
you don't get paid. Okay, if you if you're going
ahead and you're doing presentations on businesses and stuff, the

(01:07:21):
first place team gets one hundred grand, second place team
fifty grand, the third place team twenty five. You come
and last you get nothing. It's real life, getting along
with people doing things. And at the end, you need
to make a million dollars to be able to get
an a. You know what I mean. If everyone gets
a million dollars, they all get it, teach them about
it and have them talk in numbers that make them

(01:07:41):
excited and do it. And you know what, I think,
you start changing the way we teach other than the
old school way of you know, one plus one, Yeah,
you need to learn that, but the rest of it,
use a calculator. I don't even know how.

Speaker 4 (01:07:55):
To use a calculator. Then you have to see my
daughter struggles with math or she has and she's in
high school and now they're doing statistics. And she came
home and she goes, this makes so much sense to
me because it has a practical application, and I understand,
and I'm like, you know what, you're right. I don't
know why they're teaching you all these things that you'll
never ever use. But then you know, here's something.

Speaker 1 (01:08:14):
I'd love to do all the time when I go
out with people and the check and you know, check
comes and go, Okay, how much tip you want to give? Okay,
what's what's twenty percent of this? They got to take
how to care their phones and calculate it. I said,
what's ten percent? I said, it's half of what you
just did. Then I've thrown full loop. What's fifteen percent?
They can't calculate that out without using their phone.

Speaker 4 (01:08:36):
Maybe you should do this on your podcast. So you're
doing all these educational things, maybe do a few that
resonate with younger kids. Maybe teaching them just about basics
of money.

Speaker 1 (01:08:47):
Young kids, they don't know how to do it.

Speaker 4 (01:08:50):
That's true. Well, we got to start from the bottom
and all our way up. Listen, everybody who's watching the
show has a different question, right, We all have different
scenarios in our lives. We have different problems, different you know,
we have different goals in mind. But the reality is
is that we all need a plan and if we
don't have one, how are we going to know whether
we're on the right path or not.

Speaker 5 (01:09:09):
Yeah, and that's the big thing you're saying before we
ended last break was a lot of people don't have
a plan, and it's because in the past the plan
costs two three four thousand dollars. So a lot of
people they're like, Okay, if I don't have millions, if
I'm not part of a family office, I'm not going
to get a plan. I don't need one in that
But that's why we're offering it for free because we
want to have it out there for everybody to be
able to have their financial plan. Everybody needs a financial plan,

(01:09:32):
regardless of the amount of money you have. Everybody will
be in retirement at some point. Everybody strives for retirem,
everybody strives to go travel and be financially free. So
everybody deserves a financial plan, and that's why we're always
doing it for free and we're not trying to charge
you that much more.

Speaker 4 (01:09:46):
Well, aside from the fact that it's free. What I
like is that I feel comfortable asking questions not you know,
you know, there is a sense, like I said before,
of pride and you don't want to be judged. And
I feel like you are all are very much on
the same page with your clients, which is like we
all want we all want the same things, right. We
want to be happy, healthy, be able to travel, enjoy

(01:10:06):
our family like and these are essentials and I don't
I would love to do to have somebody in my
corner that understands that this is.

Speaker 1 (01:10:12):
What we believe. People say, nothing's for free. You're going
to try to sell this, sell that, And this is
what I always say to them. I said, listen, yes,
we're in business, but it is free, which means we're
not charging you for it and we're not holding it back.
We will give it to you if you have to
do business. We believe that we're want of the people
you might want to do business with, because we're the

(01:10:33):
ones spending the time explaining everything to you, educating you.
If you feel that to somebody better, somebody that you
think is that can be there for you, then that's fine.
We're lucky that over the thirty five years i've been
in Tucson. We've had a lot of people that trust us,
believe in us, and want to do business with us,
and we've been able to build it. So why change

(01:10:54):
from educating instead of sales? Why change from building a
relationship than a short term relationship. Those are the things
that I believe in. And at the end of the day,
you're going to have to deal with someone. I just
want to have the opportunity to try to deal with us.

Speaker 4 (01:11:09):
And there's coffee, right, We've talked about this.

Speaker 1 (01:11:12):
It's what there's a coffee.

Speaker 4 (01:11:13):
Yeah, I know you don't drink it, but the rest
of us. You remember, listen, I always learned so much
when I'm with both of you, and I think if
we've taken anything from today, it's why not. I mean,
the budget doesn't have to be the dirty bee word.
There might be good things that come out. Likely there
will be good things that come out of these conversations.
If anything, the best thing that comes out of it
is you find out where you're at and get on

(01:11:33):
the right road if you're not where you want to be.
Thank you so much for trusting us with your money matters.
We hope you'll join us on the next show. Hello,
and welcome to Money Matters. I'm Sarah Peterson here with
Todd Glick and Dylan Greenberg, the team from Greenberg Financial Group. Hello, gentlemen,

(01:11:56):
good morning, Lucky me. I got the both of you today,
and your dad's not here to tell us all the
political nightmares that are going on right now. That upsides
the down. So we're going to get the rest tags
today and talk about money because that's what we talk about,
right exactly exactly. So one thing I love about both
of you is that you really do educate people on
specifics of spending and what that actually means. And so

(01:12:19):
today we're going to talk a lot more about how
the little decisions that we make on a daily basis
do really genuinely add up to bigger financial decisions in
the long run.

Speaker 9 (01:12:29):
Yeah, I mean, really, the ultimate thing is compound interest.
That is something that young people don't understand is that's
the most valuable resource they have.

Speaker 6 (01:12:36):
It's time.

Speaker 9 (01:12:37):
And the earlier you can get started, the better you're
going to be. Ultimately, what's going to happen is you
have to start young and have a discipline habit. So,
for example, spending twenty dollars a day on say lunch
or going.

Speaker 6 (01:12:48):
Out with friends.

Speaker 9 (01:12:49):
If you instead invested that money each day for forty
years a ten percent annual compound growth rate, you're getting
to three point three million dollars forty years later, three
point three million. That's just twenty dollars a day. Imagine
all the frivolous spending that you're doing throughout the forty
years of really the accumulation phase when most people should
be building that nest egg.

Speaker 6 (01:13:10):
But also the next question is where do you put
those money?

Speaker 1 (01:13:13):
Right? What is the most.

Speaker 9 (01:13:14):
Tax efficient account? Is it a roth is it a
four toh one K? Where are the accounts that you
should be investing this type of money?

Speaker 5 (01:13:20):
Yeah, and with that, it depends on what you want.
I mean, if you put it into a traditional ira,
you're saving on taxes today because you're putting in a
pre tax but then you have to deal with the
taxes later on. If you're putting it into a roth ira,
you're going to pay the taxes today, but then you
never have to worry about taxes again, which for people
are in their twenties and early thirties and all that
we're saying roth ira. If you can do, it is

(01:13:41):
more proven one to do because you don't know what
taxesly gonna be when you're sixty.

Speaker 6 (01:13:45):
Taxes are definitely going to be higher.

Speaker 9 (01:13:47):
I mean, people don't understand that we're actually at a
historically low tax rate currently, and what are we add
historically high for a deficit.

Speaker 6 (01:13:53):
Someone's going to have to.

Speaker 9 (01:13:54):
Pay the bills eventually, and it's likely going to be
us through either inflation or higher taxes. So being able
to pay the tax bill today, getting that tax free
growth for say twenty thirty sometimes even forty years have
so much more tax savings for the end of the
plan than just putting it right away into the traditional
four to one K or traditional IRA and getting that
tax savings today. But you don't get the tax savings

(01:14:14):
down the road when tax rates are probably going to
be higher down the road. And so that's the little
bit of plan that you could do now.

Speaker 4 (01:14:19):
Well, speaking of down the road, do you feel like
now is a good time for people to sort of
be making those decisions because there might be some changes
on the horizon with the tax plans, So maybe dealing
with what we know.

Speaker 9 (01:14:30):
Right, I mean, at the end of last year, we
were definitely thinking at the end of twenty twenty five,
depending on who's going to get in the office, will
we have that extension of the twenty twenty five you
know tax ak that was brought in twenty seventeen that
would bring everyone's tax brackets up about two percent if
it was to be extended. But instead Trump got in
and you have the House and the Senate with the

(01:14:50):
red side, so it's likely going to be that that
will be extended and no one's taxes are going to
be changed, So then the question is, well, should I
be doing roth conversions then if taxes aren't going to change, well,
still four years from now taxes might be higher. So
you can have a four year window now of knowing
taxes might not go higher in the next four years.
So that's a perfect opportunity to do some planning now
before they do into the future. No one has a

(01:15:11):
crystal ball ten years out, and so that we have
to be able to plan for what we know now.

Speaker 5 (01:15:15):
Yeah, we have been talking about rock conversion with clients
a lot more recently because of that, and with it
being extended, we say there's a little more breathing room.
But if you're thinking about them come in and meet
with us, and we can put it into our financial
plan and it easily. We can go through all the
scenarios very easily.

Speaker 9 (01:15:30):
We have a very interesting tax planning tool that will
show you all the different income bracket levels that you
could be at and with all the different income sources
you could have, Social Security pensions, even rm ds, and
how that's going to impact your tax picture throughout the
different phases of retirement. So especially with people who are
retiring at sixty five and they don't start those rm
ds until seventy three, well you have an eight year
window where you're not showing as much income because r

(01:15:52):
and ds haven't started yet. So those are the years
that you possibly could do some rock conversions to level
out that tax burden that you will see down the
road at potentially higher tax rates.

Speaker 4 (01:16:01):
To sixty five still sounds so young to me for retirement.
Are you starting to see people retiring later or it's.

Speaker 7 (01:16:07):
Nothing really the same. I mean it's all over the board.

Speaker 1 (01:16:10):
Yeah.

Speaker 5 (01:16:10):
Really, we have anybody retiring from fifty five to seventy five,
and most of the time if they're retiring from fifty
fives because they've been with the same company for thirty
years and they get the pension. So they're going to
go back, like we talked about it in another episode,
as they go back to be an independent contractor, they
get their pension and then they're still getting paid through
their recre.

Speaker 4 (01:16:26):
Yeah, not ready to stop working, but ready to stop
doing that current.

Speaker 7 (01:16:30):
Job in that career.

Speaker 9 (01:16:31):
And some of the federal employees that come with the
pensions and their TSP, we have a lot of work
with them, as well as firefighters and police officers who
get their own drop program and things that are a
little more specific to their retirement benefits. We have experience
in all those realms, so we're able to help a
lot of different municipality employees as well as government employees.

Speaker 4 (01:16:49):
How about small businesses, it seems like a sticky situation
when you don't really know what your income is every year,
it's not predictable.

Speaker 9 (01:16:58):
Well, small small businesses have a lot more advantages than
the regular individual because of itemization. There's a lot of
more tax strategies you can do. Especially sometimes you have
to see what's the best retirement vehicle for my small business.
Is it a simple array a set iray or should
I set up a solo K or some type of
four to one K for all the employees as well
as myself. It really depends on how much you're trying
to put away each and every year, because each one

(01:17:20):
of those accounts have different contribution limits, So you have
to come in tell us what are you wanting to
hide from the government? Right because when you put money
into retirement accounts, that gets deducted off your taxable income.
And at some points, if you set up a four
oh one K for a small business, you're able to
match yourself as the employee and you get a business
deduction for the business income as well as you're putting

(01:17:41):
money away for your retirement. So there's a lot of
strategies for small business owners that have the regular individual
won't get.

Speaker 4 (01:17:49):
This is great. This is like having your own personal CFO.
I love this because I think these are all questions.
I mean, we're just constantly working right to the next level,
and there's not really time to set stop and kind
of look at the big picture stuff unless you really
make that a priority. And I'm actually surprised at how
much time can go by and people end up close
to retirement never having these conversations.

Speaker 6 (01:18:11):
That's exactly.

Speaker 9 (01:18:12):
We're the CFO, you're the CEO. You tell us the
goals and objectives that we have to put into the plan,
and we'll tell you how is the most efficient way
to get there.

Speaker 4 (01:18:20):
I keep telling my husband, I'm the CEO, and it
doesn't listen to me. So if you haven't had these
kinds of conversations before, or if you have a financial
advisor and maybe they're doing your investments, but you haven't
necessarily changed your thought process and shifted to retirement, it
is a completely different mindset looking at retirement and how
we're going to handle our money. This is a conversation

(01:18:40):
you need to have now, especially given all the changes
on the precipice. So that phone number is five two
zero five four four four nine zero nine. We'll take
a quick commercial break. We'll come back and talk more
with Todd and Dylan about how your little financial decisions
add up to big ones. We'll see you soon. Hello,
and welcome back to Money Matters. I'm Sarah Peters in
here with Todd Glick and Dylan Greenberg. The little financial

(01:19:03):
decisions we make every day, they do really add up
to big decisions.

Speaker 7 (01:19:09):
I do. Yeah, you have a great well example, yeah, four.

Speaker 9 (01:19:14):
Of what cop found interest really does? Yeah, yeah, I
love this one. We talk about this in our seminars sometimes,
where if you were able to fold a piece of paper,
a regular piece of paper on top of itself as
many times, I know, you can't really do it more
than about eight times before it's impossible. Right, But if
theoretically you could keep folding a piece of paper on
top of itself, how many times do you have to
fold a piece of paper.

Speaker 6 (01:19:33):
Before it reaches from the Earth to the moon.

Speaker 4 (01:19:37):
So number, I don't know, three billion.

Speaker 9 (01:19:41):
Three billion times. The answer is surprising to everyone. It's
forty two. Only forty two times does it take to
fold a piece of paper on top of itself for
it to read from the Earth to the moon.

Speaker 6 (01:19:51):
Look it up. It's true. It's because of compound interest.

Speaker 9 (01:19:54):
The human burning does not compute compound because we don't
think in exponentials and so so our brain will never
be able to truly understand compound interest and how powerful
it is. It truly is the eighth wonder of the world,
and it's why every single one of us has to
take advantage of it.

Speaker 5 (01:20:09):
And for everybody young. There's another example that if you're both.
So say two twenty year olds start investing, but the
one twenty year old wats until thirty to start, and
the other one puts five thousand dollars a year away
until age thirty, each year until age thirty. Then he stops,
never puts any more money away, and then they both
take the money out of age sixty. The other one
starts at age thirty, puts five thousand dollars away each

(01:20:30):
year until age sixty.

Speaker 7 (01:20:31):
Who has more money at the.

Speaker 9 (01:20:33):
End, So that idea is versus ten years of early
investment or waiting ten years and doing thirty years of
investment after waiting ten years, who.

Speaker 7 (01:20:40):
Would you think has more money at the end.

Speaker 4 (01:20:42):
Now that you're asking me, of course, I'm going to
say the guy that does it at twenty exactly.

Speaker 5 (01:20:46):
And the reason is is compounding interest, because the last
doubles later on his are doubling so much more because
he did it early. So we tell everybody, and that's
why we also have clients who bring their grandchildren in
to just learn how to invest. Open a roth iray them,
open a custodial account, a uniform trust, a minors account,
something like that. They just want their grandkids to start

(01:21:06):
learning early because they know the importance of it. When
they're seventy, they understand the importance of it, but how
can they get through to their nineteen year old grand kid.

Speaker 9 (01:21:13):
We had a really fun example of a client who
said that it has some extra money that they wanted
to give to the kids. There are seven kids, and
they wanted to give a thousand dollars to each kid
and they could pick a stock on December twenty fourth,
and whatever stock has the most value one year later,
they'll double that value to the winner, to the kid
that wins. Right, But it's an easy way for a
kid just to be able to experience the stock market. Obviously,

(01:21:33):
the parent has the money in their individual brokerage account
and they have full control over it. But it gets
the young kids involved and understanding what the market can do.
Also the different risks of investment, you know, because they're
not all equal.

Speaker 4 (01:21:45):
Yeah, it'll learn what it's like to lose, what it's
like to win. It's very powerful at a young age.

Speaker 9 (01:21:51):
And that brings us to risk. You know what we
were talking about earlier. With the election, there's been a
lot of emotions, you know, whether you're excited or afraid
because of the result. Either emotions have no place in investing.
It comes down to the goals and objectives of the
plans and your risk tolerance. Everyone has a different goals
and objectives. Everyone have different risk tolerance. Putting those two
together is how we manage money.

Speaker 5 (01:22:12):
Yeah, and we offer risk analyzer tool. So if you're
interested in getting a second look, doing a second opinion,
you're excited, that's trump one. You're a little nervous if
you want you just want to see where your count's at.
We offer a free risk and analyzer that goes along
with the financial plan that can show what your current
portfolio is at, and then we do the risk dollars question.
There we can see where your risk is and to

(01:22:33):
see if it's go in size. If it doesn't, where
do we change something?

Speaker 4 (01:22:37):
Well, and I think you know, when you're younger, you're
at a mindset of Okay, well I messed up this year,
I spent too much, but I always have next year.
And as you get closer to retirement, there is not
so many next years. It's like we don't have time
to make up.

Speaker 9 (01:22:49):
One thing we also love about our risk analyzing tools.
It gives you a number, very easy number to understand,
one to one hundred, one hundred being the most risky,
one being the most conservative, one is cash, one hundred
is going to be something like that coin or something
like that, and everything that falls in the middle. For example,
the S and P five hundred is about seventy three
that diversified index.

Speaker 6 (01:23:07):
But as a composite of.

Speaker 9 (01:23:09):
Your entire portfolio, we can find a number of what
your true risk score, and then we can use that
number to play with different scenarios based on history, meaning
what did your portfolio return in the two thousand and
eight bear market, what did return in the twenty thirteen
full market versus the S and P five hundred, and
you can then see what risk you have associated with
your plan and your portfolio versus the index, the market,

(01:23:31):
the S and P five hundred.

Speaker 5 (01:23:33):
What we can also show you with that tool is
a tax i think called tax trag, which if you're
in a bunch of mutual funds, there could be hidden
fees in the sense that their expense ratios are high,
but you're not noticing that because your financial advisor's just
putting you in to these funds and they're diversified. So
they're in line with your risk. You could be getting
charge a lot of unnecessary fees that you don't know about.
So that's one thing that this also shows you, and

(01:23:54):
we can show you the idea of it.

Speaker 4 (01:23:56):
Always amazed at how easy it is to hide fees
from people on when as a consumer, when you're trying
to find those answers, it is like finding a canary
and cole mine and just I don't know how they
It should be so much more transparent than it is. Hello,
and welcome back to money Matters. I'm Sarah Peterson here
with Toddslick and Dylan Greenberg of Greenberg Financial Group, and

(01:24:17):
we're talking about the new rules. It's going to be
twenty twenty five before we know it, and there's a
lot of new rules come around the corner. I know
I certainly am not reading up on this, so I'm
looking to you guys, tell me what's going on.

Speaker 9 (01:24:28):
The IRS loves their rules and they have a couple
of updates for us come twenty twenty five. The first
one's going to be about the four to one K
contribution limits. They're going to be increased a little bit
for twenty twenty five on the individual level, you can
put away twenty three thousand, five hundred per year, and
then you can do an extra ketchup contribution of seven
five hundred dollars per year if you're over the age
of fifty. But there is a new extra ketchup contribution

(01:24:51):
that the IRS has just added, and it's only for
ages sixty to sixty three. This one allows you to
put eleven two hundred and fifty dollars on top of
the original twenty three thy five hundred per year, not
including company match and things like that. So it's irres
is trying to allow you to put more away. Also,
starting in twenty twenty five, some of you with four
one ks might see that you're automatically enrolled. That is

(01:25:13):
a new rule that the I arrest is stating that
all employees have to automatically get enrolled into four on
one K plans, but the employee can opt out and
choose to zero, but they actually have to go in
and do it themselves.

Speaker 4 (01:25:24):
Wow. So if you didn't know that and you didn't
go in and physically do it, all of a.

Speaker 9 (01:25:28):
Sudden, you're going to see a three percent paycheck pay deduction.

Speaker 4 (01:25:31):
I feel like the default is always against us. Why
is that it's never like click the button, here's some
more money.

Speaker 7 (01:25:37):
Yeah, but this is really against you.

Speaker 5 (01:25:39):
Is I'm trying to just get you to do what
we try and teach people to do, start putting money away.
For sometimes it's just automatically.

Speaker 4 (01:25:45):
So that's not what we're doing on every episode trying,
I know.

Speaker 5 (01:25:49):
But if you automatically do it, some people are like, Okay,
that's already out of my paycheck, I'll just live with it.
Instead of them having to go into the computer and
choose three percent, they got to go in and choose
zero percent, which is probably less likely to do.

Speaker 9 (01:26:00):
And most people also don't know that if you have
a traditional four one K or traditional row four one k,
obviously you can contribute to that, but if you have
under certain income limits, you can also contribute to the
regular roth IRA on top of your employer retirement plan
or the IRA the traditional IRA. So some people don't
realize that you can do both and that you're missing
on some extra retirement savings that you could potentially be doing.

Speaker 5 (01:26:22):
Yeah, and that's like and also I mean if you
have a company, or you work for a company which
you also have like a side company, you can do
a set IRA for that too, if it means to guidelines.
IRA is individual retirement account, so you can do that
outside of working for a corporation that has a four
ro O one K. That's completely different, completely separate. And talking
more about iras, talk about the inherited iras, the new

(01:26:42):
rules coming into play. There's some stipulations when you inherited IRA.
It used to be you get it for the lifetime,
like if you're thirty and you inherit your grandparents IRA,
your grandpa's IRA, it'll take your lifetime to deplete it.
A few years ago they put it that it's ten
years that you have to deplete it, and it was
very vague. It was like used to be where people thought, Okay,
I can wait till you're ten, take it all out

(01:27:04):
and deal with it. Then it is actually you have
to take a little You have to take the R
and D, the requirement and distribution out at least that
each year up until the year ten. Then you got it,
deplete the rest of it, and if you don't take
it out in one of the years, you will get
a twenty five percent penalty. So they were being more
strict with it and being more straightforward with it now
moving forward starting in twenty twenty five, but there's some

(01:27:26):
stipulations with that as well. If you inherit an ira,
so say your husband passes and you inherit his ira,
you can put it into your own ira. It will
be your lifetime. It will be based off your lifetime.
You don't have to take it out in ten years.
If you are a child of under twenty one years
of age and you inherit it, you also get the lifetime.
And then if you are if you are disabled or

(01:27:48):
chronically ill, you also get the lifetime. And then if
say your brother had you as his beneficiary and he
passes away and he's only five years older than you,
you will have it for your lifetime.

Speaker 7 (01:27:58):
You don't have to take it out.

Speaker 6 (01:27:59):
In ten years rule if you're under ten years of a.

Speaker 9 (01:28:02):
Younger, because the IRS knows they'll get their payment as
long as you're under ten years of the decedent. It's
all designed for the IRS to make sure they're get
their money. And they started this after twenty nineteen. So
if you inherited an ira after twenty twenty, and this
is for roth iras too, you have to take all
the money out by year ten, but you have to
take out a little bit each year based on your

(01:28:22):
own life expectancy.

Speaker 4 (01:28:24):
And if we don't then there's this massive there's.

Speaker 5 (01:28:26):
The penalties when the roth ira, though you don't get
tax on it or anything. I just want you to
take it out of the bucket so you can't pass
the same roth Ira bucket on to five generations.

Speaker 9 (01:28:35):
And we're not expecting you to remember all these little things.
But this is just an idea of why you need
to come in and talk to us, because there's a
lot of intricacies about the new rules and to make
sure that you're being most efficient with your plan. But
also what we just talked about with tax planning in
the previous segment. When these r and ds do come
into play and we have to plan for them, how
does it impact your taxes now? And how can we

(01:28:56):
play some games to make sure that we're mitigating the
tax liability over the course of the entire plan exactly.

Speaker 5 (01:29:01):
So if you have an inherited ira or you just
are about to inherit one, you're going to about to
get into your name and you have questions, come meet
us start next year so you don't wait till the
end of next year to get all these questions answered,
to start early and get well.

Speaker 4 (01:29:12):
I mean, that's always the conversation, right is don't why wait?
I mean, we're also at a point where you're saying
a lot of things are about to change. We don't know,
We have no crystal ball to know which way the
wind is going to blow. So let's deal with what
we have now and figure out the best strategies to
manage your money with what's given exactly.

Speaker 9 (01:29:30):
And then we have a lot of different games we
can play with what if scenarios in the financial plan,
and that's what we really love to do, and Dylan's
talked about this of seeing how much we can spend
before the plan breaks, but also factoring in different strategies,
like if we did a Roth conversion, how much tax
savings could we expect versus good investment return periods versus
bad investment return periods. Because what people don't understand with

(01:29:51):
Roth conversions, the only way you really are going to
save money is that tax free growth. So a good
investment return simulation versus a bad one will dictate how
much savings your actually having from those rock conversions. So
we're able to simulate a lot of different simulations situations.

Speaker 6 (01:30:05):
I mean to show you what is going to be
the best thing to go forward with.

Speaker 4 (01:30:08):
So if i I'm sending on the sofa and I'm thinking,
you know what this is, just I'm ready, like I
really need to talk about this now and get a
plan going. When I come to you, guys, am I
working with both of you, all of you one person?
How does it work?

Speaker 5 (01:30:21):
You're going to be working with at least two of
us is myself, Todd and Sebastian will meet and do
the financial plan with you. Two of us will do
what we interchange everything, and then you also can talk
to Dean and Dave. They they're the ones I've been
in the business for forty years. Yeah, they are in
the sense of mentors, teaching myself and Todd in Sebastian.
But we'll do the technology part with the financial plan,

(01:30:41):
getting all those all that information, doing those meetings and
then but we all work as a team. So if
I'm not in the meeting and it's taught at Sebastian,
I know what's going on with their and vice versa.
Tod's not in a Sebastian and myself we're all working together, and.

Speaker 9 (01:30:54):
The first meeting is really like an analysis. We're going
through seeing all your goals and objectives. The second meetings
where we're really giving you the suggestion and laying out
the plan based on what your goals and objectives were
and your risk tolerance, and then we show you what's
our decisions are going to be based on what we
think is most efficient for your plan.

Speaker 4 (01:31:09):
I love it because you guys are so being into
the team approach, but this makes me feel like I
have a team that's rooting just for me, right, And
it's so amazing that you can go your whole life
and not know that this type of thing is available,
especially the way we're offering it free of charge with
the plan in hand, right to know if you're on
the right path or not. What is the downside? There

(01:31:29):
really is in any so, I'm just amazed by the
whole process. I can't believe the whole thing. I'm going
to go to the moon with forty.

Speaker 6 (01:31:36):
Two forty two folds, that's always sure.

Speaker 4 (01:31:39):
I believe. I am going to do my research with
you search it. I'm so off on that one. Thank
you so much for spending time with us. We hope
we educated you on your money matters. If you haven't
had these types of conversations before, or if you have
and it's been some time, please do give us a call.
These guys are amazing and we are just a team
ready to help support you in any way we can
five to zero five four nine zero nine, and we

(01:32:02):
will see you next time on money matters.

Speaker 5 (01:32:11):
This is Money Matters with Dean Greenberg of the Greenberg
Financial Group.

Speaker 4 (01:32:15):
I'm Spike Spangled Dean.

Speaker 6 (01:32:16):
What really got you started in this industry?

Speaker 1 (01:32:19):
It was because I was working for Ford Motor Company.
I had ordered all the dealerships and I kind of
looked at things and I said, this is not what
I want. So I went back and got my MBA
in Finance and Investments and said I'm going to work
on Wall Street. I didn't really know the journey I
was going to have until later on nineteen eighty seven
when the market crashed Black Monday. Black Monday. The only
person in a company of six hundred and some odd

(01:32:41):
brokers I was buying IBM and I opened a five
hundred thousand dollars acount. So they say to me, hey,
this is unbelievable. How did you do this. What did
you do? I just said, because I thought it was
the right thing to do. Down twenty percent, it was
probably good time to buy. And I was more of
a technician and an advisor and an educator at that time.
A long story short, they tell me a week later

(01:33:01):
I never owned the stock. The back offices back then
could not handle a billion shares a day. So a
week and a half later, they tell me I don't
own it, and I needed to call a client to
tell them they didn't own the stock, and I told
them that they should pay the client. Next day I
came in my box of stuff was in there. They
told me I was fired, and I went to go
see the guy knew to go get a job, and
he said, Dean, I'd hire you tomorrow, but you need

(01:33:23):
to start your own business. I laughed at him and said,
how am I going to start my own business? I
only have five thousand dollars. He said, figure it out.
We're all salesmen. You educate, you care about the markets,
you care about your clients. So I guess I figured
it out.

Speaker 8 (01:33:38):
When was the last time you saw your financial professional?

Speaker 1 (01:33:42):
Are you getting the most.

Speaker 8 (01:33:43):
Out of the strategy that was created for you. Although
you've done a great job finding someone to help plan
for your future, are you one hundred percent sure that
you were given the right strategy. We can help answer
these questions and more with a complimentary second opinion evaluation.

(01:34:03):
We will take a look at what you have in
place and then help determine if you're well positioned to
get the most out of your future retirement income. In
the event that it is not, we can help by
making suggestions and showing you how to get on the
right path.

Speaker 1 (01:34:18):
You wouldn't get.

Speaker 8 (01:34:19):
Just one opinion when it comes to a major health decision,
so why would you treat your most important financial decision
with such disregard. Call today for your no costs, no obligation,
second opinion evaluation to see if you're getting the most
out of your retirement income plan.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Dateline NBC

On Purpose with Jay Shetty

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}2025 Investment Insights: Market Volatility and Opportunities in the New Year

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Dateline NBC

On Purpose with Jay Shetty

All Episodes

2025 Investment Insights: Market Volatility and Opportunities in the New Year

Stuff You Should Know