Retirement Ready

May 3rd, 2025

Episode Transcript

Speaker 1 (00:03):
Live from the wgy iHeart Studios. Welcome to Retirement Ready
with your host Dave Kopek from the Retirement Planning Group.
Every week, Dave and his team discuss the ways they
can help people make informed decisions about their retirement assets
to maintain, improve, and secure their desired quality of life.
Here's your host, Dave Copeck.

Speaker 2 (00:33):
Music. All right, we are here. This is Retirement Ready.
It's a topic specific show. I'm Dave Kopek. I'm here
with Nicholas Dumas and with my son Christopher William. We

(00:56):
are the Retirement Planning Group. We are on radio a lot,
a lot, live in the studio, Live in the studio.
It's our new thing. I'm going to have a little caravan.

Speaker 3 (01:07):
At a little cot in the corner. I'll put you
over there a cotton microwave.

Speaker 2 (01:16):
And you got to figure out I said, I said
a thing to you guys. We got to figure out
some digital. They get some digital out there, so some reels. Yep.
So we're here live in the studio. If you want
to participate, don't be bashful. It's one eight hundred wgy
one Night, one hundred eight two five fifty nine, Real quick,
I got a little bit of housekeeping here before we

(01:38):
get into our topic. Today at the Crown Plaza Hotel,
which used to be the Desmond, we are doing a
presentation with a pure law firm. It's going to be
about how to invest and protect your money during retirement.
It is a dinner presentation. This will sell out quickly, folks,
so if you want to participate, it's pretty simple. You
need to just go to www Dot WGY Seminar dot com.

(02:03):
Www Dot wgy Seminar dot com and you can. It's
pretty simple. It's self explanatory and uh, it'd be a
to me. It's a great night out, a lot of
good information. You get dinner, get to ask questions. Lou
talks about the legal side of retirement. We talk about
the investment side of it. So again, you want to

(02:26):
May twentieth registrations at five thirty and go to www
Dot WGY Seminar dot com because if you don't, you're
not going to get.

Speaker 4 (02:38):
In filling up quick. I think there's probably already fifty full.

Speaker 2 (02:42):
Yeah, I think we're over. I think we're like at
two thirds right now.

Speaker 3 (02:44):
There's only so many seats, so make sure you your
book now.

Speaker 2 (02:47):
Yep. So I guess a couple of things. You guys
went last night to a comedy show.

Speaker 4 (02:56):
Yeah, do you want me to say a couple of jokes?

Speaker 2 (02:58):
No, because I are under stand to some of them
are a little bit frothy. But my understanding is that who
said it? Somebody said it. I think it was McCarthy
or maybe it was Chris. Fifteen thousand people for a comedian.

Speaker 3 (03:10):
Yeah, I think the MVP holds like seventeen thousand. That
place was close to the full. It was really close
to full. Getting out of there was like a zoo,
was it? I couldn't move on the way out.

Speaker 4 (03:20):
Ye think we were? You're stuck. Yeah.

Speaker 2 (03:23):
So like the Leah's their box, do they get to
use the box for something like that?

Speaker 4 (03:29):
Yeah?

Speaker 2 (03:29):
They do. Yeah, so they have access to that. They
don't have to just buy tickets.

Speaker 4 (03:34):
See.

Speaker 2 (03:34):
I don't know how those work as far as the
I think they get a certain certain amount, a certain amount.
It's utiliz Jim. Yeah, all right, we want to talk
about portfolio management.

Speaker 3 (03:47):
Yeah, I think portfolio construction and management is very important
in today's world. A lot of people out there might
have just been invested in a target date fund.

Speaker 4 (03:57):
In their four row and k's four or three v's.

Speaker 3 (03:59):
I saw it yesterday, sat down with a couple and
I said, before even whipped out the statement, what are
you in at twenty thirty twenty thirty five?

Speaker 4 (04:06):
You know? And he pulls it up.

Speaker 3 (04:07):
He's in a target date twenty thirty fund from a
specific mutual fund company. A lot of people don't know
what they're invested in part. I'm not gonna, you know,
say t row zero price. But again, you know, know
what your own Dave says it all the time on
the show. You want to know what the purpose of
your investments are, especially once they get up to two hundred,

(04:29):
two hundred and fifty three.

Speaker 4 (04:29):
Hundred thousand dollars.

Speaker 3 (04:30):
You got a lot of money in these things, right folks,
And that's your full retirement account. So you want to
know what the plan is if you're young, if you're accumulating,
if you're getting closer to that red zone and getting
ready for retirement, you need to start switching the allocation
over and building.

Speaker 4 (04:43):
Those buckets of money that we talk about.

Speaker 3 (04:45):
And that's where we do a lot of work on
the portfolio construction side, and Chris, he does a lot
of work with riskal Eyes, so we're able to put
different models into riskal Eyes and kind of go through
a game plan there.

Speaker 5 (04:57):
Yeah, riskal Lize is great for that, which is now nitrogen.
You know, they got bought out and swapped their name over,
but it's great to show you kind of.

Speaker 3 (05:06):
The nitrogen Or is it worse than riskalies better better?

Speaker 5 (05:11):
No, it's it's yeah, it's it's pretty much the same.
It's just updated a few features.

Speaker 2 (05:16):
Is that the same? It's the same exact platform. Would
they just bought up by a different company.

Speaker 4 (05:20):
I think they just yeah, name swapped or got bought out.

Speaker 2 (05:22):
I don't know.

Speaker 4 (05:23):
But you can go back.

Speaker 5 (05:24):
You can see like history, Yeah, historical. They'll do like
you know, stress tests on the portfolio so you can
see like what this model portfolio that you know we're
recommending to a client would have done in two thousand
and eight or the bull market of twenty thirteen, and
it's just a good reference, you know, like to see
how much risk you're mitigating versus how much of the

(05:46):
upside you know, in the equity market are you catching
in this portfolio, whether it's a sixty forty or you know,
like an income model how much growth potential do you
have out of this or versus you know, how much
risk are you mitigating on the downside.

Speaker 4 (06:00):
Yes, so you can get a band of returns.

Speaker 2 (06:03):
Aren't you better off if you if you take if
you have an option the S and P five hundred
and you have a bond component plus the target target
date funds, there's a performance of it. So crappy with
those things I'm just wanting, aren't you Aren't you just
better off building out your own model, Yeah, rather than
even screwing around with the target date.

Speaker 4 (06:21):
Yeah, we do that a lot.

Speaker 3 (06:23):
I think the couple I met with yesterday, you met
with one of his friends, and you actually did the
same thing I did, really went into his four oh
one K account and started looking at the different investment options.
Not a lot of people know there's you know, sm
P five hundred indexes within their four oh one K plans.

Speaker 4 (06:38):
There's bond funds.

Speaker 3 (06:39):
In this case, they had a couple of really good
ones that we even use in some of our portfolios.

Speaker 4 (06:43):
Right, I was able to restructure his whole account. Especially
it's four or five years out from retirement.

Speaker 3 (06:48):
This is when you want to get a little bit
more into the weeds with what you're invested in, rather
than just contributing and let it sit and.

Speaker 4 (06:53):
Grow over time. You know, So you got to start
start planning for that retirement date.

Speaker 5 (06:57):
Right and even younger, like the younger younger people should
also look and restructure their portfolios because even though the
target date funds, if they're twenty thirty forty years out
from you know, when their planned retirement date is, the
large cap growth funds and like the S and P
five hundred like funds will outperform target date funds like
nine times out of ten when we look at the numbers.

(07:19):
It's just it makes so much sense to just re
just to do it yourself because the return at least
historically from the numbers that we see, you know, tend
to outperform.

Speaker 2 (07:30):
Would you do that though? Does it have the ability
to rebalance?

Speaker 4 (07:33):
No, So that's the that's you know, the you just
got to keep an eye on it.

Speaker 6 (07:37):
You know.

Speaker 4 (07:37):
Some plans do some plans you're really do.

Speaker 3 (07:40):
The rebalances you can enact at quarterly, semiannually. You can
also change your future contributions, which is huge, So every
dollar you put into the plan will go into that
new allocation. That you set up so so you do
have the ability in some plans. I even found out
this past week, Dave, there was a gentleman, he was
like thirty one years old.

Speaker 4 (08:00):
We were able to do an in service rollover really over.
Oh yeah seven.

Speaker 3 (08:07):
So I guess some local seven individuals might have that
ability to do it as well.

Speaker 4 (08:12):
They worked there for a year.

Speaker 2 (08:13):
Well, I think what happens is that a lot of
these companies now the don't want to finduciary responsibility.

Speaker 4 (08:17):
I'm hoping this happens throughout the whole.

Speaker 2 (08:20):
It should industry, it should, it should in my opinion.
Well that's why if that's your money, they shouldn't limit
your ability as long as it goes for qualified plan
to qualified plan.

Speaker 3 (08:29):
Yeah, and he's got a good amount saved up already.
He's thirty one. I think he had, you know, over
two hundred grand in this thing. So this is good
getting a good chunk of money and an Iran account
at this point and now he can invest in how
we you know, how.

Speaker 5 (08:40):
We feel even the plans that like ge I met
with a couple and he came in because he got
paperwork that said like their plan was changing as far
as their investments in ge and they went they they
shrunk them, they went down. Now they're all target date funds,
and there's like four or five outside, you know, mutual
funds that you can get into outside of a targeting

(09:02):
what's national?

Speaker 2 (09:03):
Grid have mostly target date funds and they have the
right There are a couple of bond portfolios Vanguard.

Speaker 3 (09:10):
Yeah, so Grid's got some options. They could do a
separately managed account also. I think it's through Schwab, but
but no, there's a there's a lot of options. Even
if you take your plan and you know your four
oh one k's being transferred to a different company, it
might be.

Speaker 4 (09:26):
Considered a rollover. So if you have a rollover portion.

Speaker 3 (09:28):
Within your plan, you might be able to roll that
out also into some sort of self directed IRA account,
start self managing it with more investment options, so your
your horizon gets a whole lot bigger. As far as hey,
I don't have to choose from this plan anymore. Let's
let's take some more aggressive plays.

Speaker 4 (09:44):
Especially if you're twenty thirty, you know, forty years old,
it might make sense.

Speaker 5 (09:48):
Right because we've seen like the exactly that like these
large cap growth portfolios at least within like the last
like year three, five, ten, fifteen year outlooks as far
as if they go back that far on the year
over year return, some of them are up like you know,
thirteen percent year over your returns versus like a target
date fund that is doing like nine or something. You know,

(10:11):
as far as like the more aggressive ones, so you're missing,
you know, that potential upside just by self managing. And
like you said, it's pretty easy once you set it.
Some even have rebalancing features which I didn't know about.

Speaker 3 (10:22):
Some people might think two three percent of years really
not much, but you start putting this in an e
money or future value calculator, and those two three percent
extra that you get, you know, in good years, it's
really going to add up over time.

Speaker 7 (10:33):
Like Billy says, it's huge. Yeah, compound interest is huge.
All Right, we got to take our first break. This
is Retirement Ready. This is a topic specific show. We're
talking about allocating your money pre and post retirement planning.
Understand the options that are available to you.

Speaker 4 (10:51):
Uh.

Speaker 2 (10:51):
We just got a little word of wisdom from Nico
about a local plan that I didn't even know that
you could roll the assets out prior prior pre fifty
nine and a half. That's a big deal, folks. And
the reason why it's a big deal is because then
you can control your destiny, the quality of your portfolio.
You just served my son talk about limited options. Instead
of adding more, they're compressing, giving you less. So you know,

(11:14):
never hurts to come in and have a chat with us.
The worst thing that can happen is that, you know,
become friends and you know, if we see in the future,
you can you know, buy me something, Yeah, buy me something,
buy me anything. So we'll be right back after this
quick message the eighty six percenters. Do you know that
eighty six percent of the population has no defined benefit

(11:36):
pension plan. For most of us, we have to take
our life savings and create a paycheck for the rest
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retirement income distribution? How you manage your assets during the
most critical years of your lifetime. Nobel Prize winning economist
William Sharp has called retirement income distribution the nastiest, hardest
problem in finance. He points out that investment, uncertainty, and

(11:59):
mortality can derail the most careful laid out retirement income plan.
Call our offices today to start the process of building
a retirement income distribution plan. After forty one years of
being in the financial services business, you need to start
taking action to start building your own personal retirement income
distribution plan. How do you do that? To take action
five one eight, five eight zero one nine nine. That's

(12:21):
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or RPG retire on the web. Don't procrastinate, motivate to
start building your retirement income distribution plan five win eight
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(12:43):
stress and anxiety on your family. What is your plan
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Call the Retirement Planning Group today discuss options you should
consider to protect your estate and have choices and independence.
Take action call today five one eight, five eight zero
one or RPG retire on the web. All right, we

(13:19):
are here. This is retirement right at Topics specific Today
we're talking a little bit about how to allocate your
moneys during your pre and post retirement years. When we
talk a little bit about pre before we get into
the retirement years, what's your position as far as.

Speaker 5 (13:37):
Pre retirement years, pre retirement years, you know, balls to
the wall as far as goes me personally, I would
be as aggressive as possible until about five years out.
I would be one hundred percent equity large cap growth
either sm P five hundred or like a whatever, you know,

(13:57):
large cap growth fund that you can find cheap, low
expense ratio and just put as much money as you
possibly can.

Speaker 2 (14:04):
Do you guys interested in at alternative investment now.

Speaker 5 (14:08):
Not really, it doesn't. It's it's they're like how I
see alts is like there's they're cyclical, Like you see
some good years, some really bad years, but for the
majority of the time, they really don't show their worth
until you hear the ALT people talking really loud, and
that's probably when they're having a good year. It's just
like there's private credit, private real estate. There's a lot

(14:32):
of money private equity. There is a lot of money
and there's a lot of potential return in that area.
But does it outweigh locking your money up.

Speaker 2 (14:40):
No, I don't think it does. Quldn't. Look what we've
gone through with that one particular company that's been a nightmare.

Speaker 5 (14:47):
Well, yeah, that that's not vetted, you know, came out
of the box fantastic, and then it just was like
a nose dive, just straight down.

Speaker 3 (14:58):
What would you consider buffer and being absolutely absolutely.

Speaker 4 (15:01):
That that would be the one alternative investment might make sense.

Speaker 5 (15:05):
Well that makes a lot of sense because it's based
on the S and P like, uh, proven index.

Speaker 4 (15:10):
It's not based on parents had a.

Speaker 2 (15:12):
Thing where they should the buffer annuity versus the total
stock market index. Like, yeah, I'm gonna have to look
it up and see if I can find outperforms it
outperformed the total stock market index.

Speaker 3 (15:24):
That's got a participation of one hundred and two hundred
and five percent of some of these things.

Speaker 4 (15:28):
So if the S and P does ten, you'll get
right eleven.

Speaker 5 (15:30):
Right, Yeah, what's crazy is the participation rates on some
of them are, yeah, one hundred and five percent, like
some of them, you can.

Speaker 3 (15:38):
It makes you think, right, right, what are these investment companies?

Speaker 4 (15:41):
What do they know that we don't option load?

Speaker 2 (15:44):
There loading up on options and every month what they're doing?

Speaker 4 (15:47):
So when do they lose money? The market's flat? Is
that covered calls.

Speaker 2 (15:52):
No, they lose, they lose money and when it goes down.
I mean, you know the thing is is that but statistically,
you know what's the ratio.

Speaker 5 (15:59):
Puts to but they load up on put they know
that the number playing the numbers. You know, when we
were talking with them, just like spitballing, like how do
these actually work? Like they load up on calls and
they have puts and they're just banking on you know
historically in the numbers that like the market's up. Yeah,
some sort of playbook to where they're betting on volatility

(16:19):
and then they buy a zero coupon bond for six
years because most of them are.

Speaker 3 (16:23):
Then there's also liquid contracts and then there are liquid
ones only that you can get out of within the
six years. It's like, how are these what are these
companies doing?

Speaker 2 (16:30):
Right? I think what you have to do is that
you know what I think. You know, one of the
things that we talked about this morning is that we're
gonna have some dog and ponies. We're gonna have these
wholesalers comment and we're gonna do some presentations so people
can really understand and underneath the hood. Right now, I
don't understand them.

Speaker 4 (16:47):
It's for June. We're going to try to.

Speaker 2 (16:49):
Yeah, but I don't understand them right now.

Speaker 4 (16:52):
That would be a great seminar to come to.

Speaker 2 (16:53):
There's no doubt.

Speaker 4 (16:54):
I think that's something a lot of people need to
know about.

Speaker 3 (16:57):
Yeah, it's something that's being a lot more used, a
lot more in today's world.

Speaker 2 (17:01):
Right Well, it's not only the buffer annuities, it's the
buffer ETFs are out there right now. It just buffers
in general. Yeah, the thing is is that, so what
does it mean we.

Speaker 4 (17:10):
Never had luck with the ETFs, not buffer ETFs.

Speaker 5 (17:12):
No.

Speaker 2 (17:13):
And you know the thing is that I can think
of her one friend that used to command that loaded
us up on ETFs that was basically you know, it
was the big greatest thing since slice spread and it
ended up being another disaster. So bottom line gets down
to this, that know what your own I'm with you, guys.
I believe that you just take the basic exit s
and P five hundred, you buy a bond portfolio, one

(17:33):
that you feel comfortable with, and you mix in your
own allocation.

Speaker 4 (17:37):
You don't need a lot of alts.

Speaker 3 (17:38):
In today's world, with where the bond market is, I
think people were looking at it for income a few
years ago, so you saw a lot of people go
to private credit and these different alternative investments for income purposes.
But but nowadays, you know, you're getting corporate bonds with
really good yields.

Speaker 4 (17:53):
Still a bond market did get chopped a little.

Speaker 3 (17:56):
Bit a couple of weeks ago with treasury rates increasing,
but but again they're still seeing a high yield, So
you know, just hold on and you're gonna collect that
coupon and hopefully you make that money back that was
given a couple of weeks ago.

Speaker 5 (18:09):
Yeah, higher for longer is kind of what we've been here,
and so they'll probably May seventh, they have the next
FOMC meeting.

Speaker 2 (18:16):
What do you mean by that, higher for longer, higher.

Speaker 5 (18:18):
Rates for a longer period of time. Yeah, they're delaying
with the notion that inflation is kind of sticky.

Speaker 2 (18:23):
See, I'm a cuturion. I don't think you know, I
don't think that if you take ten economists and you
look historically how they've done as far as their prediction,
most of them are wrong. So I'm in the camp
that I think a lot of this is going to accelerate.
I think things are gonna get better than everybody anticipates.

Speaker 4 (18:41):
I think rates are gonna come down.

Speaker 2 (18:42):
Absolutely, I think they're I think they're coming down the
next meeting.

Speaker 4 (18:45):
GDP.

Speaker 5 (18:45):
They're pricing in two rate cuts this year. They're already
talking that they're gonna delay again on the seventh. Well,
what's the pressure on interest rates? Right it's GDP, the economy, growth,
it's interest well, mortgage rates.

Speaker 3 (19:01):
There's a there's a bunch of factors that go into
the Fed's mind right now. Trump's being a factor also,
you know, he's got his foot on Jerome's throat. But yeah,
but again, you know, at the end of the day,
oil prices are coming down as well.

Speaker 2 (19:15):
I think two dollars and sixty seven cents in balls
and spots.

Speaker 4 (19:18):
Yeah, I think a barrel's what fifty eight to fifty seven.

Speaker 2 (19:21):
Right now it's under sixty.

Speaker 4 (19:22):
So it's dropping.

Speaker 3 (19:24):
You know, generally that spike's inflation long term, but it
also it's cutting costs for a lot of companies. Everyone
uses oil, you know, so it should show good earnings.

Speaker 4 (19:32):
But GDP has slowed a little bit.

Speaker 3 (19:34):
But a lot of people that wholesaler we saw I
was saying that, you know, first quarter generally GDP is slowed.
You know, people hit their year end targets, blowing up
all this business year end, and then it kind of
slows in the new quarter, new year, so you tend
to see that year over year. I mean last year,
the market was down in January February, Yeah, and then

(19:54):
we came right back out of twenty five percent year.
So more of the story save stay veasted, you know,
stay true to your portfolio, and that's how we manage assets.

Speaker 4 (20:04):
We're not overly trading within accounts.

Speaker 2 (20:06):
One of the things that I think we are still
in a sweet spot. I've been saying this for you know,
way too long, but I still think that we're in
a sweet spot because you're still getting a coupon. Coupons
are very important, meaning interest rates, yields are very strong
right now for people that are retired, probably a good
time to lock in some of those longer rates in
order to get the coupon that you're going to need

(20:28):
in order to satisfy your income. Then why gas are
still about five percent. Outside of New York State, they're
definitely over five percent. So the multi year guaranteed annuities,
if you're looking for either a three or five, you're
gonna get about five compound it you get over five.

Speaker 3 (20:42):
Right, you get four to seven for three right now? Yeah,
four nine for the five. Yeah, but yeah, go to
the compound, you get compound of growth. So if you
leave the interest in there, eventually it'll work up to five.

Speaker 2 (20:54):
Right, simple, Right. So the bottom line is is that
you know there's there's opportunities out they're based on your
risk tolerance. The question I had to ask yourself is
that you know the selection of your investments that you
have through your employer or what you're doing yourself individually
through you know, whether it's a fidelity who we use
or a Vanguard or Schwab, et cetera. Uh, you're probably

(21:17):
a little bit better off if you're basically self directing
your money versus if you're you know, going through a
plan that the employer and the plan administrator the TPA
selecting the options.

Speaker 5 (21:30):
Yeah yeah, yeah, as far as you know, like the
different allocations in people's four one K plans.

Speaker 4 (21:38):
You know what did you just say, the t PAS
third party administrators?

Speaker 2 (21:41):
Oh yeah about wake up boy, t PAPA. Wasn't that
on your test?

Speaker 4 (21:47):
It was got that one wrong? That was one of
the wrong that's only that's the only thing that matters.

Speaker 2 (21:57):
But you know, the thing is is that I personally
think that you know, as I said, I think right now,
bonds are probably going to give you a very competitive
rate of return, not only as far as the coupon,
but also I think you can get a little bang
for your buck. He is definitely in the camp that
he wants lower interest rates. To what extent, Well, I

(22:18):
guess we'll find out by the end of the year.
But I don't think that this economy is as bad off,
especially with what we saw this past week as far
as earnings and also what we saw.

Speaker 4 (22:31):
As far as Microsoft. Microsoft.

Speaker 2 (22:33):
Yeah, sure he did killed it. Yeah that was good
for Guess who bought some of that?

Speaker 4 (22:38):
You bought Microsoft? Yeah he did. Did you tell him? No?
He did it on his own? Really?

Speaker 3 (22:43):
Yeah, shocker, Microsoft, Meda came up, Meta had good earnings.

Speaker 2 (22:48):
Gotta give me some love, baby, gotta give me some love. Yeah.

Speaker 5 (22:51):
Side tech tech led tech, very tech, very tech heavy.
These AI companies that got some beat up, like they
were down twenty percent when the the tariffs were looming.
They kind of rallied. But I wouldn't say that, you know,
I read both sides of the fence, as far as
like articles and stuff like good news, bad news, just
to see like what is going on. And the the

(23:14):
you know, the pessimistic outlook is that in plate or
these tariffs are still kind of looming. We haven't really
seen the full downside effect of them yet. Until they
get fully implemented, prices start going up.

Speaker 2 (23:26):
It's going to happen this quarter.

Speaker 5 (23:27):
Yeah, because they saw retail spending was like through the
roof for the first quarter. As far as like people
like Amazon and all these companies that are gonna get black.

Speaker 2 (23:36):
Yeah, well people are out there buying like sixteen cartains
of toilet paper.

Speaker 5 (23:40):
Well not even that, No, I'm I'm talking like loading
up on inventory because they know that's what I mean, the.

Speaker 2 (23:46):
Inventory for your house toilet paper.

Speaker 4 (23:48):
No no, no, no, no, no, no, that this is this isn't covid.

Speaker 2 (23:54):
I contribute just before I bought Microsoft, and a whole
bunch of toilet.

Speaker 4 (23:57):
Paper contributed to I got some air. Oh yeah, there
you go. Yeah, some pods.

Speaker 2 (24:03):
We're gonna have to break here a little more housekeeping
at the bottom of the hour. So remember, if you
are contemplating retirement. In retirement, if you're looking to get
some direction the Pure Law Firm with the Retirement Planning Group.
We're doing our seminar at the Desmond which is now
the what's the name of it. I can't think of

(24:25):
the name of it right now.

Speaker 4 (24:27):
I saw that. I forget what it was.

Speaker 5 (24:30):
Yeah, well, I'll tell you when we come back, but
it's a Desmond.

Speaker 2 (24:35):
It's the one that's right next to the airport. We're
going to be there May twentieth. Registrations at five point
thirty and the presentation will probably start probably a little
after six six fifteen. And uh, it's a great night out,
good food, great I think content Lou does a phenomenal
job going over estate planning him and Aaron Conner, and

(24:56):
we'll be discussing investments, different opportunities that are out there
for your pre and post retirement years. So if you
want to go, you have to register at www dot
WGY Seminar ww dot Wgyseminar dot com and we'll confirm it.

(25:19):
I'll have Jim touch base with you and hopefully hopefully
we'll see you there on May twentieth for our presentation.
So that's it. We're going to break for the news
and if you have any questions, We're live in the studio. Folks,
don't be bashful. Talk w g Y. I'm Dave Kopek

(25:44):
with Nicholas Dumas and Chris Copek.

Speaker 5 (26:00):
To come in.

Speaker 6 (26:02):
You can do.

Speaker 5 (26:05):
Something you.

Speaker 4 (26:13):
All right, you're back?

Speaker 2 (26:18):
Is that the Beatles? Zach? That's the Beatles?

Speaker 4 (26:22):
I don't think so, Yeah, I don't. I don't think
so either.

Speaker 2 (26:28):
All right, all right, A couple of things to try
to hopefully go over here with our listeners. The first
is out with the old, in with the new. You know,

(26:50):
there's a lot of money out there over the last
few years that a lot of people went to wherever
they can get a coupon an interest rate. And we've
seen a lot of fixed annuities guaranteed in nygas that
are maturing that people tied up their money for three
to five years, and that was like maybe one or two. Well,
there's a much higher rate available for you right now.

(27:11):
And you can move your money from one contract to
another contract. And it's simply called a ten thirty five exchange.
Allows you to do a tax free exchange from certain
insurance products and basically transfer that wealth over to a
newer one that gives going to give you a higher
rate of return. Have we done any recently?

Speaker 3 (27:32):
A lot of our clients were just renewing into the
new contracts with the company.

Speaker 2 (27:36):
So the rate to be the existing the existing country.

Speaker 3 (27:39):
Yeah, company, I don't want to name any names, that's fine,
but yeah, we can do that ten thirty fives for
non qualified contracts as where it makes the most sense.
You know, if you have IRA dollars in an MYGA,
you can always just roll it into a normal IRA
account then put it into a new contract. But no,
for non qualified annuity you want to make sure you

(28:00):
don't just liquidate that, take the cash, then purchase another one,
right because then.

Speaker 4 (28:04):
They're triggering a tax bill.

Speaker 3 (28:06):
So ten thirty five you transfer it from you know,
one annuity company to another, there's no tax iability and
you can keep allowing that interest to grow tax.

Speaker 2 (28:15):
Deferred, which makes all the sense in the world. You
had much discussions about these at all, Chris, in your
meetings with you and Chris or with Nico.

Speaker 4 (28:24):
M IGA's Yeah, I mean not a lot. We're going
over it.

Speaker 5 (28:30):
But when you're getting money market funds that are pretty
competitive right now, they're getting four percent, you know, which
the one that we utilize right now, I think is
four to four point one yea.

Speaker 4 (28:39):
Does it make sense to lock it up? I don't know.

Speaker 2 (28:42):
The changes that Fidelity did with the money market. Has
that take an effect yet?

Speaker 4 (28:46):
No?

Speaker 2 (28:47):
When does it take effect?

Speaker 4 (28:48):
It's coming. You got another email on it recently too. Yeah, yeah,
they said from February to June.

Speaker 2 (28:55):
Because we're we're going to have to tactically get a
hold of that in order to get the higher yield.

Speaker 4 (29:00):
Right yeah, we're just gonna swap Yeah.

Speaker 5 (29:02):
And it's only in the non qualified accounts too, right, yeah, yeah,
it's not like igh rates yep.

Speaker 3 (29:08):
So money market's still getting four percent. That's subject to
change though, So I do lean towards Dave here. Lock
something up a little longer, get a higher rate. You know,
if that money market keeps coming down, you're gonna be
sitting pretty rates have you know, they're continuously kind of
coming down.

Speaker 4 (29:25):
Mortgages were up to seven and a quarter there for
a while, but they about six and a half, about
six and a half right now, six and.

Speaker 3 (29:31):
A half to six and three quarters. But didn't you
you had Drew on last week? What was he saying
about rates?

Speaker 2 (29:38):
He thinks that the FED is going to be late
to the game. He thinks that they should probably get
a little bit more aggressive cutting rates. A lot of
people are sitting on the fence. Existing homeowners are probably
happy because they're getting top dollar for their homes. Ones
that are selling. You know. Bottom line gets down to

(30:00):
is that he thinks that, you know, if the opportunities
right by, because there's limited supply and you think it's
gonna stay for a while. I mean, what's the biggest
growth that I see in our area, especially up by
where we live. They can't build enough apartments. Yeah, you
see what's going on on Pride Hill Yep. With Kanski's building,

(30:24):
it's like a city to itself. The churches right yeah
there church there. Oh yeah, they're building a bunch. Even
going to the comedy show last night, I was with
one of my buddies who does like commercial sized mortgage loans,
and he just said they're building a five phase, seventy
uh apartment complex like on right off going down towards

(30:48):
Albany by Us.

Speaker 4 (30:49):
Yeah.

Speaker 5 (30:50):
It used to be Tobin's first prize. Yeah, that just
got all bought out.

Speaker 4 (30:53):
There's like a.

Speaker 5 (30:54):
Huge project going in there as far as. Oh yeah,
it's like there's apartments going there. Everywhere you look, there's
new Well.

Speaker 2 (31:01):
I don't know where the people are coming from, because
it seems.

Speaker 4 (31:04):
Across from you. Yeah, they're putting houses up. It's crazy.

Speaker 2 (31:07):
It's crazy. But I mean they're not on fire. I
mean they're building them, but not to the extent that
I thought. What to me is amazing is the amount.

Speaker 3 (31:16):
In an influx people coming into this area. You know,
people running back from Florida. I don't know, they don't
like the heat during the summer. They you know, they're
coming back up New York.

Speaker 2 (31:25):
I don't know. I can't answer it. All I know
is that I think a lot of people are saying, hey, listen,
I don't want the expense of running a house anymore.
I don't want all the responsibilities and I want to
you know.

Speaker 5 (31:34):
But well, homes, yeah, I think are just like extremely
expensive on the market for two days though. Yeah, it's like,
how do you go on? Yeah, everything's getting outbid cash deals.

Speaker 4 (31:45):
It's weird.

Speaker 2 (31:47):
Well, the bottom line is this is that interest rates
ultimately are going to drop. The FED is in a
position right now where the direction is down, it's not up,
so The thing is is that if you get a
chance to lock in some of these rates that we're
talking about, it's probably advantageous. And so I brought the
presentation up again. It's May twentieth at the Crown Plaza,

(32:08):
Crown Plaza which used to be the Desmond It's at
six sixty Aubuny Shaker Road. May twentieth starts at five
point thirty is registration. It's a dinner presentation with the
Retirement Planning Group and the pier O'Connor and Strauss Law firm.
Last time we did this we had about what one
hundred and sixty people. Yeah, that was a lot a
lot of people.

Speaker 4 (32:28):
Tuesday.

Speaker 2 (32:29):
It's a Tuesday.

Speaker 4 (32:30):
Tuesday, It's a Tuesday.

Speaker 2 (32:33):
But listen, folks, if you want to go, you better
get a knock in because this will sell out very quickly.
It's www dot wgy Seminar dot com and it's an
informative educational workshop. And I'm a big fan of Loo
as far as when he speaks, he does a phenomenal job.

(32:55):
And again, if you want to participate, it's www dot
w Gyseminar dot com and we're going to take a
break and when we come back. We're gonna go over
a couple of more topics here, but if you have
any questions, any comments about retirement planning prier post. We're
here in the studio and our telephone number here is five. Nope, no,

(33:20):
it's not five. With eighty. There you go.

Speaker 4 (33:26):
I want to give us a call.

Speaker 2 (33:27):
All right, eight hundred talk WGY. We'll be right back
after this quick message. Your partner for Success, David Kopik
here WGY's retirement planning specialists, the Retirement Planning Group. We
understand that retirees face many important decisions that can affect
their long term financial success. Some of these decisions revolve
around making investments that will help create a hedge against

(33:50):
outliving their assets, the impact of inflation, taxation, and rising
healthcare quests. Most of our clients like the time, the desire,
or the experiments to manage their own investment portfolios. We
consider it to be an honor and a privilege to
help our clients make sound investment decisions that will contribute
to a secure financial future for them. Because over ninety

(34:14):
percent of our clients or retirees with similar concerns, we
are in the best position to approach such challenges with
experience and skill. Give us a call today at five
one eight, five eight zero one nine one nine five
one eight five eight zero one nine one nine or
RPG retire on the web. We run out of money
in retirement where your investments provide income for possibly decades?

(34:35):
How do you navigate the two greatest risk in retirement
sequence of returns in longevity At the Retirement Planning Group.
Our bucket of Money approach addresses these concerns and we
offer a complementary consultation to discuss this with you. Call
our office today for a free complementary consultation to develop
your own personal retirement income distribution plan at five eight

(34:57):
five EID zero one nine one nine. That's five eight
five eat zero one nine one nine.

Speaker 6 (35:03):
What about now?

Speaker 2 (35:25):
All right, we are back again. If you'd like to participate,
call in you got a question about your own personal
retirement plan. I want to ask us about investments, acid protection,
legacy planning, IRA distribution. We got it all, the whole
bag of tricks. It's one eight hundred talk w g Y.
That's one eight hundred eight two five fifty ninety nine.

(35:46):
It's the weekend in upstate New York. It's spring, soon
to be summer. It's gonna rain every Saturday and Sunday.

Speaker 3 (35:51):
Isn't it crazy? Monday, Tuesday was gorgeous out. I get
to the weekend, it.

Speaker 2 (35:55):
It's gonna rain. It's gonna rain until Thursday. I won't
be able to get in my yard.

Speaker 4 (36:00):
That's our golf our golf league start.

Speaker 2 (36:02):
Yeah, well no, we're gonna look out. I think Thursday,
you know, it clears off, so squishush my yard right
now because of the clay. We've got so much clay.
It's not fun, not fun at all, but it is
what it is.

Speaker 4 (36:18):
Thursday's looking like a seventy five percent chance of rain.

Speaker 2 (36:21):
Beautiful. I love it, but look at every other day rain.
Let's rain every.

Speaker 4 (36:26):
Day, every other day, rain every day. I don't know,
it's beautiful.

Speaker 2 (36:31):
I'm just praying to God that it's not like two
years ago, because two years ago, remember every single weekend
it rain, every single week in it rain. So what
do you see a Nico with your appointments? Let me
ask you a couple of questions to people. Since we've
had a little bit of bounce back, you see some
more bounce in their step. They feel a little bit
better about what's going on.

Speaker 3 (36:52):
I think people are calming down. Still a lot of uncertainty, right,
there's gonna be choppy waters. You don't really know what's
to come out of Trump's mouth tomorrow, so clearly that
affects the market. But I think people are calming down.
A lot of portfolios, initial appointments that I've had, or
these portfolios are kind of out of whack. So we

(37:14):
sit down and go through kind of a game plan
for where they're at in life and what they're looking
for to accomplish, right, and then from there you start
coming up with a game plan of how you're gonna
divest out of the current portfolio and incorporate a new
portfolio into the plan. But yeah, I think you guys
were talking earlier today about dollar cost averaging. You know,

(37:35):
we've been doing a lot of dollar cost averaging throughout
clients accounts that are coming in.

Speaker 4 (37:39):
But no, I think the.

Speaker 3 (37:40):
General consensus, I guess people think things are settling down.

Speaker 2 (37:46):
Well, I'm hoping that the winds that are back, because
the thing is is that when you go through volatility
like that, nobody likes it. And the bottom line gets
down to is that that is part of the game.
It happens once or twice, sometimes three times a year.
What's your what's your thought process?

Speaker 5 (38:02):
What I've been hearing is, you know, from all these wholesalers,
we got another meeting next week. You know, we'll see
what they say. But the optimistic side is that companies financials,
like where we're at financially and economically is really not
that bad, you know, And we just saw jobs.

Speaker 4 (38:20):
You know, we saw one hundred and seventy seven thousand.

Speaker 5 (38:24):
They were expecting like one hundred and thirty five, one
hundred and forty so the other day when the job
report came out, So as far as you know, where
we're at economically, it's looking not as bad as what's
being reported. You know, it's we're not in a really
bad standing. What is scary is the the tariff that
how that's going to play out. So if we see

(38:44):
more downside moves, you know, what the downside story is
is that you'll see the market kind of slowly dragged
back down with tariffs being implemented in like a looming inflation.
Is kind of what the consensus is for the mistic out.

Speaker 2 (39:00):
Seventy six percent of the companies that are reported have
had positive surprises. They've beat expectations, right, I think they're
it's almost date out of ten.

Speaker 5 (39:10):
Yeah, they were expecting lower earnings based on all this volatility.

Speaker 4 (39:15):
Consumer is spending. People spend money, they do.

Speaker 3 (39:18):
There's a buzzword every single year, Right, this year it's tariffs.

Speaker 4 (39:23):
Last year was inflation. You know COVID a few years ago.

Speaker 2 (39:27):
Well, they're still saying that corporate profits, corporate earnings are
going to be around nine and a half percent. So
I know that the beginning of the year they were
looking at thirteen percent. So you know there's going to
be some adjustments. But you just said, Microsoft came out,
A lot of these other companies came out, and they
basically they still see you know, there's going to be
some volatility, but they still see pretty much clear sailing

(39:51):
as far as their overall platforms.

Speaker 4 (39:53):
Yeah.

Speaker 3 (39:54):
I think a lot of strong earnings are pushing the
market forward. We had what the most consecutive green days
and I don't know how many years, yep, So we're
on a good streak. You know, the market's gaining momentum.
I think people are realizing, hey, this isn't the end
of the world. Here, we're just shifting some some things around.

Speaker 4 (40:13):
By some, I mean a lot.

Speaker 3 (40:14):
But again, I don't think it's a you know, a
terrible economy to to stay vested in. You know, I'm
not running to the exit door right now, I'm running
in right I think it's a good buying opportunity long term,
especially for younger folks.

Speaker 2 (40:29):
Absolutely, all right. A couple other things. Don't forget that
you've got the ability to go to a workshop. I'm
gonna say this over and over again because I want
to make sure that if you have an attention that
you want to come to one of our workshops. We
had this last year at the Desmond. It was extremely

(40:52):
well attended. And if you want to attend, it's at
the Crown Plaza which used to be the Desmond. And
when is that. It's Tuesday, May twentieth at five point
thirty registration, Dinner will be served and after dinner we're
gonna have a presentation with the Pure Law Firm and
also the Retirement Planning Group. We asked that you go

(41:13):
to www dot w g Y Seminar dot com. Www
dot wgy Seminar dot com. Register. It's pretty simple. One, two, three, four,
there's like five fields that have to be filled out, name, email,
phone number, zip code, number of attendees, and if you
want a gluten free We're going to do our best
in order to facilitate that. Nico's got a little chef,

(41:35):
little outfits.

Speaker 4 (41:37):
Smoker. I'm going to be smoking meat out back in
the parking lot. We want some ribs.

Speaker 2 (41:43):
I want somebody to tell me where is there good
barbecue in the Capitol District? Is it dinosaur?

Speaker 4 (41:47):
Is that about New York where my backyard isthy Cocher.
Now there's a dinosaurs not bad. I don't hate dinosaur barbecue.

Speaker 2 (41:55):
Yeah?

Speaker 3 (41:55):
Is that in Troy? And Troy that's Brisket's pretty good. Yeah,
throw some pinos on there.

Speaker 2 (42:01):
Oh yeah, I love brisket. But the thing is is said,
it's just you don't.

Speaker 3 (42:05):
Hear like there's a signal signal thirty? Is that a
signals no signal thirty? That's in Lake Placid. There's a
place in water for that's pretty good.

Speaker 4 (42:15):
Yeah. I'm a big barbecue guy.

Speaker 2 (42:16):
I love barbecue. But the thing is is that every
time when somebody says to me, you know, I want
to go get barbecue, or really really go for a barbecue,
the only one I can really think about it that
sticks in my mind is dinosaur.

Speaker 4 (42:27):
Yeah.

Speaker 2 (42:27):
I just told you.

Speaker 4 (42:28):
Across the street barbecue s a.

Speaker 2 (42:30):
Yeah, whatever it is, it's right across the street here
from where we are. Oh, Gallery of seven, there's a
there's a barbecue place there now.

Speaker 4 (42:38):
So hey, the Derby's today. Did you know that?

Speaker 2 (42:41):
I'm all set, the Kentucky dirty of all set. I
got my daughter used to have this wooden horse.

Speaker 4 (42:47):
Oh you're running in it.

Speaker 2 (42:48):
I got my horse all set up.

Speaker 5 (42:50):
Yeah, it's got to be a big horse that you're
a little bit. You just got fire, just got fired.

Speaker 2 (43:05):
That's what I needed. Donkey, just what I need. Donkey.

Speaker 8 (43:08):
I got a donkey. They're like five foot Yeah, yeah,
they like they You need one of them. Budweiser, Clydesdale's.

Speaker 2 (43:24):
God. You know, just remember that this show and it
shows over in ten minutes, and now you're gonna have
to deal with me all right overall, folks, it's you know.
The thing is is that I think that we're in
pretty good shape. You know, we try to make this
a topic specific show, and we were talking about acid allocation.
We're talking out know what you own a lot of

(43:44):
people are involved in investments that I think might not
be suitable for them. Talk to a gentleman the other day,
was in an alternative investment that got crushed. They got crushed.
It was two times bear against gold, oh against gold,
so leverage.

Speaker 4 (44:03):
So he was in it for a while.

Speaker 2 (44:05):
Yeah, oh god, yeah, so he's yeah, it's just that's
he's got crushed.

Speaker 4 (44:10):
That's a bad Yeah. I did an inverse gold when
it was at like thirty five.

Speaker 2 (44:14):
Yeah.

Speaker 4 (44:15):
I only held it for a couple of days.

Speaker 5 (44:16):
Though, that's all you're supposed to do with those aren't
long term.

Speaker 2 (44:20):
He got crushed. Yeah, I believe it because, well, we'll
look at it. Gold's up what a lot, fifty sixty
percent in the last year and a.

Speaker 4 (44:26):
Half, calmed down a little bit, I thinks, back down like.

Speaker 2 (44:28):
Thirty it did it sold it sold off this week.
But you know it's it's a mania. Uh, it will
come back to you. I mean a lot of people
think that gold is here to stay from sending period
of time. You know, some of your gold gurus are
saying five thousand. But I always say, we've had people
call into the show, come in and sit down and
talk to us, get into a diversified portfolio. Commodities don't

(44:51):
just go into one particular one one that does you know,
silver gold, you know, the.

Speaker 3 (44:57):
Whole and none of the other commodities really jumped up
like old you know.

Speaker 2 (45:02):
I was looking at that when I worked at Morgan Stanley.
We had used to have a guy that worked in
the managed futures and he worked with the company out
of New Jersey. I know the name of the company,
but I'm not going to mention it in the air,
and they basically had all this data and research that
basically said a managed future portfolio reduces the beta on

(45:23):
an overall equity portfolio.

Speaker 4 (45:25):
That's gotta be a boring job though. Commodities market, I
don't know.

Speaker 2 (45:30):
You see them in the pits sort of screaming, pulling
their ars out.

Speaker 3 (45:34):
Those pictures of the people in the pits, was thinking.

Speaker 2 (45:41):
But so again, make sure you know what you own,
make sure you're diversified. We offer a complimentary consultation any
of our five locations. Chris and I are heading out
to Syracuse tomorrow. Is it just you and I? It's
just you and I? Right, yeah, Monday, Monday or not
tomorrow Monday. But we have an office Syracuse now Oneana

(46:01):
Albany on State Street. You were down there this past week,
right State Street.

Speaker 3 (46:06):
State Street. I was down there a couple of weeks ago. Yeah,
it's not bad parking either. You know, you just park
right there on State Street.

Speaker 2 (46:13):
Dollar And again, if you want to come in and
have a chat with us, we offer a complimentary consultation.
You really sit down with Nico myself or my son
or Chris McCarthy and see if we can help you,
see if we're in a situation where we can facilitate
what you're looking for. We try to keep it just
low key. We never do business on the first appointment.

(46:35):
What we try to do is to listen to what
your needs are and what you're trying to accomplish. And
then the second appointment we start going through some ideas
and concepts. So we getting a lot of people from
all over the area. You notice that a lot of
people from Southern region, Western Park.

Speaker 3 (46:54):
People from Buffalo drive all the way over earlier this year,
did they Yeah, well, we did business on the person
meeting for them. It was a long meeting, but we
didn't want to make them drive all the way back,
you know. Came up with a game plan, took our time,
made sure everyone's on the same the head locked. Yep,
that's exactly how. But but no, we're getting a lot

(47:17):
of good folks, a lot of a lot of clients
from w g I, and you know, we appreciate the
business from everybody and coming in and seeing us. Like
Dave says all the time, there's no minimums. Don't be ashamed.
You know everyone's got different account sizes and there's no
one set number that you need to hit for retirement.
Every single person is different. People might say a million bucks,

(47:38):
you know, that's what you need. It depends on your
income and what your expenses are and how your what
your liabilities look like. And E Money does a great
job of showing that for us. So being able to
see what you have with your own what you go on,
and then coming up with a game plan to.

Speaker 4 (47:54):
Solve for income. Just what I got me the other
day jury summons. No, that was a good guess.

Speaker 2 (48:01):
That wasn't a warrant from my arrest. Yeah, yeah, I
got my statement from SOL Security that basically says you've
maxed out.

Speaker 4 (48:11):
Oh you're getting closed.

Speaker 2 (48:12):
Yeah, you have to now turn your soul security on
whether you want to or not, because the magical age
is seven. I can't even say it seventy. It's hard
to believe. I turned seventy in September.

Speaker 4 (48:25):
And uh, you guys going on that trip?

Speaker 2 (48:27):
Oh absolutely, going with Brian and Kathy mccannon. You're going
to do May May twenty eighth to like the seventh
or eighth of Joe going for ten days. We're flying
to Dublin and they've been there before Ireland and they're
going to show Julie where her ancestry is from, because

(48:47):
Julie's Irish as well as Chris her Son, and you know,
it should be fun. Probably one and done. I don't
know if we'll ever go back or not. And then
the fall. I want to go to Poland. I want
to see where my ancestry is. We wanted to do
it together, but my cousin who can take us to Poland?
That knows where my cousin.

Speaker 4 (49:08):
Lives, the one from the city.

Speaker 2 (49:10):
Yeah yeah yeah, Mark Margaret is going with you, yes, yeah, yeah,
so that should work out good. You're not Irish, uh sometimes,
but I'm at mcgeary's on Irish.

Speaker 4 (49:24):
French Canadian.

Speaker 2 (49:25):
She is, she's part French Canadian, but mostly Irish. I
know my French. Yeah, no, fifty to fifty. Pip was
on dred percent French, and yeah he was, and Julie
was Julie. He was a mix of stuff too. Well,
he's part Indian. I know your mother's definitely an Indian.
Her pro Cherokee. I know she is chipp a way.

(49:50):
That's what it was. Chip. Let me see a duck.
Would I remember the house?

Speaker 4 (49:55):
You know, the arrows area?

Speaker 2 (49:57):
Yeah? Yeah, if you're sitting in the sun room with
her a little, ye know, there he is. But again,
you know, folks, this has been a bumpy ride at
the beginning of the year. I know for some of
us it's not fun to go through volatility. But you know,
make sure you got it done right on the front end.

(50:18):
I can't overemphasize that enough. You guys agree, set it
up properly on the front end.

Speaker 3 (50:23):
Yeah, yeah, we talk about portfolio management and construction. You know,
as you get closer to retirement, needs to start shifting.
It's not hey, I just retired, What do I do
with this now?

Speaker 4 (50:34):
Right?

Speaker 3 (50:34):
You need to start working it on the front end
before you retire. So yeah, I completely agree. Three to
five years. I think red zone. I would even look
at it seven years prior.

Speaker 2 (50:44):
That's interesting though, that what you said, Were you the
one that found that out? Were you the one that
found out that the guy in his thirties could move
his money from his four owe? Kay?

Speaker 3 (50:53):
He told me really, so there must be some new
people talking about it within the YE, within the organization
union union. So then I looked into it because I
was like that, no way, and then I spoke to
somebody and then I got the paperwork.

Speaker 4 (51:06):
I'm like, yep, this is this is doable.

Speaker 2 (51:09):
Okay, well, we're gonna have to say goodbye and a
minute here, Chris. You want to summarize as far as
your magical software package and how it helps people when
they come in.

Speaker 5 (51:20):
Yeah, we're almost live, hopefully June first we'll onboard that
and then we could start pumping out performance reports sending clients.
You know they're logging if they are those are those
automatically going to go watch to our clients? Yeah, quarterly, monthly,
however they want, wherever they want it.

Speaker 2 (51:40):
What do you think of it so far?

Speaker 3 (51:41):
You go, I think the performance piece and the investment
side of it's really good. I'll be able to see
exactly where people are invested without you know, doing a
lot of research.

Speaker 4 (51:51):
The software does it for us, so it's going to
allow us to be a lot more efficient for our clients.
Performance reporting is gonna be great.

Speaker 3 (51:58):
You know, sometimes fidelity, some things don't pop up or
something's not looking too right, but.

Speaker 2 (52:04):
You gotta go.

Speaker 4 (52:04):
Uh.

Speaker 2 (52:05):
We're going to be back next week. This has been
Retirement Ready give us aquath we can give a system.

Speaker 1 (52:13):
Thank you for listening to Retirement Ready, hosted by Dave Kopek.
If you would like to talk with Dave or someone
at the Retirement Planning Group called five one eight five
EID zero one nine one nine. That's five one eight
five eight zero one nine one nine during business hours,
or visit RPG retire dot com. The Retirement Planning Group
has five convenient offices located in Albany, Malta, Glenn's Falls, Pontiata,

(52:38):
and Syracuse. Tune in again next week at noon for
Retirement Planning Strategies with David Kopek, or Saturdays at seven
am for the Retirement Planning Show.

Speaker 5 (52:53):
The information our services discussed on this show is for
informational purposes only and is not intended to be personal
financial advice.

Speaker 4 (53:00):
The investments and services offered by US may not be
suitable for all investors.

Speaker 2 (53:04):
If you have any doubts as to the merits of
an investment, you should seek advice from an independent financial advisor.