Rockport Wealth Truth in Investing Show - July 6, 2026

Looking for insights into building your financial future? Listen to the Rockport Wealth Truth in Investing Show as Joe Kovach, Adam Stalnaker, and guests share their perspectives on wealth management, financial planning, and today’s markets.

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Episode Transcript

Speaker 1 (00:00):
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(00:20):
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(00:42):
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(01:03):
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(01:26):
in Youngstown, Ohio. Please visit our website to review our
disclosure documents or call 330-965-9890. Ron Furb from NewsRadio 570.

Speaker 2 (01:36):
Ron Ferb from NewsRadio 570 WKBN. Time now for the
Rockport Wealth Truth in Investing program. And it's always nice
to have with us Joe Kovach and Adam Stalnaker. They
are certified financial planners, CFPs, and fiduciaries with Rockport Wealth Advisors,
which you'll find right here. in Boardman. It's 7227 Glenwood Avenue.

(01:57):
I'll give you a phone number for them, 330-965- 9890.
And let's check in with Joe and Adam and kind
of get a market update as we speak here as
we record this at the end of June, the last
day of June.

Speaker 3 (02:14):
Yeah, good to be back, huh? Been out for a
few weeks again. Guardian doing okay, kind of? Some injuries. Yeah,
some injuries.

Speaker 4 (02:22):
But yeah, they take They take our time slot up,
but at least they've been playing decent. So it's good
to be back.

Speaker 3 (02:29):
It is. Quick market update.

Speaker 4 (02:31):
We'll get into it a little bit here and see how,
you know, we're at the end of a quarter here,
the day we're recording.

Speaker 3 (02:38):
So the data will give you.

Speaker 4 (02:42):
Through last Friday, which would be the 26th, so June 26th.
But we'll kind of allude to a little bit about
the end of the quarter as well. But through the
end of last week, S & P 500 up just
over 7.4%. Most other indexes following along pretty well. Dow

(03:03):
up a little over 7.9%. NASDAQ up over 8.8%. Russell,
the small caps, really catching fire here in the last quarter,
up 21%. Yeah, rocket fuel right there. Yeah, that's been
a lot. And then gold and silver. uh, Ron struggling
a little bit, uh, gold down, uh, you know, 5.7%
for the year and silver.

Speaker 3 (03:24):
Down 17% for the year. So who would have thunk
that one? Right. Let's rewind back to last year. I don't,
I think there's some people that thought silver would never
go down. Oh, it was on fire. It was, it
was a lesson to all, right? Yeah.

Speaker 2 (03:37):
Yeah.

Speaker 4 (03:37):
It was something that, uh, you know, You would think, again,
we've said this in other shows, you would have thought
that maybe with the kind of global turmoil in the
world and inflation, that gold.

Speaker 3 (03:47):
Would have been a no-brainer.

Speaker 4 (03:49):
And as often happens in investing, and I've said this before,
the market's primary job is to make as many people
look as foolish as possible.

Speaker 3 (03:59):
And it happened when we thought it was going to zag, right? Exactly, exactly.

Speaker 5 (04:02):
So, you know..

Speaker 4 (04:05):
You look at this, we're closing out the quarter today, right?
First half of the year is done, amazingly, by the way.
I mean, it's been crazy fast. It's been pretty boring, right?

Speaker 3 (04:13):
Not a lot going on.

Speaker 2 (04:14):
Yeah, but I would say, guys, so when you look
at when you were talking about S & P down NASDAQ,
I mean, those are some pretty decent numbers.

Speaker 3 (04:22):
Absolutely, yeah. I mean, what was the end of the
first quarter? All of them were down.

Speaker 4 (04:25):
Remember, yeah, so the market low, let's backtrack a little bit.
The market low was on March 30th and 31st, which
happened to be right at the end of the first quarter.
So we're actually having a really, really good quarter here.

Speaker 3 (04:38):
We are. What did you say earlier to me today?
This is like one of the best quarters. In a
long time.

Speaker 2 (04:43):
Yeah.

Speaker 3 (04:44):
I mean, S & P is up over 14%.

Speaker 4 (04:45):
And if it holds in today, which it looks like
it's going to, I mean, we're kind of in late
afternoon here. It's going to be maybe even near 15%.
That's a really fabulous quarter. It's an amazing quarter.

Speaker 3 (04:56):
Especially with everything going on. Yeah. And, Ron, I think
you bring up a really great point, though, too. You say, okay,
S & P 500 up.

Speaker 4 (05:02):
You know, let's say it rounds out the year and
it's about, so far year to date after today is 8%, right?
But even if it doesn't, if it closes right where
it was at 7.4, that's a really good first half.

Speaker 3 (05:12):
It's an okay year.

Speaker 5 (05:14):
Yeah.

Speaker 3 (05:14):
It's a pretty darn good year. It's a good year, right?
So here's the thing.

Speaker 4 (05:17):
Had you gone to bed January 1st and woken up today,
you'd be looking at it and going, ah, Adam, pretty
good year.

Speaker 3 (05:27):
Not bad, you know. How did we get there?

Speaker 2 (05:29):
I thought Adam brought up a pretty good point when
he said, with all the turmoil that's been going on
as well. And really, Adam, still kind of continues to
go on because there's a lot of uncertainty. And despite
all of that, you're looking at these numbers. And they
would always say, you know, if you look over what
this time frame, Joe, you'd get like about an 8%

(05:51):
return on average in the markets.

Speaker 6 (05:55):
Yeah.

Speaker 5 (05:56):
Yeah.

Speaker 3 (05:56):
You're there now.

Speaker 2 (05:57):
Right.

Speaker 3 (05:57):
I mean, that's what I mean. If you take the
noise out.

Speaker 5 (06:01):
Right.

Speaker 3 (06:01):
It wasn't a straight line, though.

Speaker 5 (06:02):
Right.

Speaker 3 (06:03):
That's my point.

Speaker 4 (06:04):
You take out all this noise and the movements that
we had in between to get to this point.

Speaker 3 (06:10):
And it got a little uncomfortable at one point. I mean, clearly,
we had clients calling us. I need to get out
of the market.

Speaker 1 (06:16):
Yeah.

Speaker 3 (06:16):
I need to get out of the market.

Speaker 5 (06:17):
Yeah.

Speaker 1 (06:17):
Yeah.

Speaker 4 (06:18):
That was in the late March. There was panic. And
then complete opposite direction here.

Speaker 3 (06:23):
So.

Speaker 4 (06:24):
You look at this and you go, okay, where does
that leave us for the second half? Well, you know,
here's a couple of interesting things I think we need
to kind of focus on. First of all, let's look
at oil for a second. I'm going to fast forward
for a second here. Oil started the year around 57
bucks a barrel. It immediately, I mean, as soon as

(06:45):
the conflict hit, it shot up over 100, right? It
even hit like 112.

Speaker 3 (06:48):
At one point. As of today, it's all the way
back down to 70. Who would have thought that?

Speaker 4 (06:55):
That still doesn't make sense. No, that's a crazy move, though, right?
I mean, I wouldn't have thought that. I mean, I
think I said on this show, I know I said
on this show, hey, it's going.

Speaker 3 (07:04):
To take some time for you to get the oil
prices back down. People got beat up with oil hitting
down so quick.

Speaker 5 (07:10):
Yeah.

Speaker 3 (07:10):
For sure. They did, yeah. So I was thinking, you know, okay,
we get to the third quarter.

Speaker 4 (07:15):
Maybe you get it down into the low 80s or something.
You get towards your end. You get back towards 70. Well,
it got there a lot quicker than we all thought. Now,
that's a good thing, right? I mean, let's face it. Ron,
you probably noticed something. Prices at the pump have come
down some, maybe not as much as.

Speaker 3 (07:31):
They should have. They still need to be investigated on
all of this. The steep incline on things and then
the slow fluttering back down.

Speaker 4 (07:40):
Yeah, up like a rocket, down like a feather, right? Yeah,
I don't get it either. But I find that one
stat to be just really amazing. And what that's going
to do is that's going to help drive inflation down a.

Speaker 3 (07:54):
Little bit more.

Speaker 4 (07:55):
Which is, you know, ultimately a good thing for me
for prices across the board on a lot of different things. So,
you know, I wanted to start with that one because
I find that a fascinating move. I mean, you talk
about volatility, you know, from 57 to 110, back down
to 70 in basically.

Speaker 3 (08:12):
A little over a quarter. I would say that's volatility
in the oil price.

Speaker 5 (08:18):
I would say, Joe, that's a step in the right direction.

Speaker 3 (08:23):
Yeah, and it is, though, right? I mean, Ron, that's
a great point. I mean, we're all benefiting. Well, we're
getting into vacation season, too, so hopefully those gas prices
keep coming down to kind of alleviate some of the
problems for people.

Speaker 4 (08:33):
The driving-intensive season is here, right? So I think it
just helps everybody. It helps eventually. Maybe it gets into
food prices and shipping, and we've gone through that time
and time again. But let's hope they stay there, right?
And it looks to me like there's a good chance
they probably– stay somewhere.

Speaker 3 (08:47):
Near there or maybe even go a little bit lower.
Who knows?

Speaker 4 (08:50):
We'll see where the equilibrium point is on this thing.
I don't know if it was a reflective, you know,
like a reflex of it going back down because it
went up so quick and now it's going to settle
in higher. We'll know more as the weeks and a
month or two go on. But I thought that was
a particularly interesting move. The other thing that we're still
kind of, you know, as we're getting into the second
half here is, you know, remember Kevin Warsh took over

(09:12):
as the new Fed chairman. We, you know, he put
out his first speech, he, first of all, they did
not do anything with interest rates in June.

Speaker 3 (09:21):
Okay.

Speaker 4 (09:21):
So they, they left him alone. They didn't, didn't raise,
didn't cut, but his speech was, I think what we
called more hawkish than dovish and maybe more hawkish than expected.

Speaker 3 (09:30):
What does that mean?

Speaker 4 (09:31):
That means hawkish means more likely to raise rates. Dovish
means more likely to cut rates. And that, that kind
of threw the market for a loop kind of intro
month for, for a couple, because June has not been
a great month, by the way, we're talking about these
returns for the quarter for the month. the S &
P is probably going to be negative unless it gets really,
really hot here late in the day to close things out.

(09:53):
So June itself hasn't been a particularly great month. And
by the way, as a side note, the MAG7 stocks
have had a really not a great year. Okay, what's
your MAG7s, right? Google, Amazon, NVIDIA, Meta, Tesla, Apple, Microsoft.
They've not had a great year by any means. In fact,

(10:15):
I think only one of them is really outpacing the
S & P, maybe two of them. I'm looking at
it right now. Microsoft is down over 20% for the year.
That's a pretty big name last time I checked, right?
I mean, it has a weighting on the index. Apple's
up just a little over 3% or 4%. Google's up,
you know, maybe a little more. It's probably done the

(10:36):
best of all of them. It's up about 10%, maybe
a little bit more. Amazon's up low single digits. NVIDIA's
up low single digits. Meta's down 10%. Tesla's down almost 10%. So,
That Mag7 group in the first half of the year
didn't do particularly great, which makes it even more interesting

(10:56):
to me that.

Speaker 3 (10:57):
The S & P cranked out an 8% number, right?
Because how many times have.

Speaker 4 (11:00):
We talked about the Mag7 stocks having a tremendous pull
on the direction of the index and the magnitude of
the move in the index?

Speaker 2 (11:11):
Did you see where you saw Apple was going down
because they talked about raising the price of the iPhone?
And I thought to myself, if there's one thing people
will make a sacrifice for and the last thing they'll
ever part with is going to be their iPhone.

Speaker 5 (11:27):
I mean, people are addicted to it.

Speaker 3 (11:29):
It's a drug.

Speaker 1 (11:30):
Right.

Speaker 2 (11:30):
And if they raise the price, whatever they did, and
it brought the stock down that particular day, I thought
to myself, do you know anybody that when it comes
time isn't going to say, I got to save for
a new iPhone because people love them.

Speaker 5 (11:42):
They're just addicted to it. It's a great product.

Speaker 4 (11:45):
Yeah.

Speaker 3 (11:46):
We use them a lot. Yeah, there's no doubt about it.
I've got one. Joe's got one. Colleen's got one in here.
Everyone's got one in the office. You can't live without it.
I got my iPad right here, Ron. I got a
couple pair of AirPods in my office. He's a walking
Apple endorsement.

Speaker 5 (12:05):
Your customer of the year, Adam, customer of the year.

Speaker 3 (12:08):
He is.

Speaker 4 (12:08):
He's keeping that stock price going. Frequent buyers club. So,
you know, but what's happened there, Ron, is the cost
of these memory chips has doubled this year. And so
as a manufacturer of a product that uses those chips,
you've got to raise your price just to, you know,

(12:31):
commensurate with what the chip prices are doing.

Speaker 3 (12:34):
So you're probably going to see.

Speaker 4 (12:35):
That type of price increase, not just in Apple, but
in anything that uses these.

Speaker 3 (12:42):
Chips from NVIDIA, Qualcomm, Intel, you name it. And that's.

Speaker 4 (12:50):
That's a lot of inflation. It's chip inflation, I guess,
when you look at it, technology inflation, right? When you
look at all those chip makers, their stock prices are...
It's been a great year for semiconductor stocks, an amazing year.

Speaker 3 (13:02):
I mean, the SMH is.

Speaker 4 (13:03):
Up over 100% this year, which is the semiconductor index. So,
you know, some really interesting and large first half moves
in the market, but largely not powered by the MAG-7s.

Speaker 5 (13:19):
Right.

Speaker 4 (13:19):
I guess you could nickname them the lag seven. That's
been the joke that's running around.

Speaker 3 (13:23):
Okay, fine.

Speaker 4 (13:25):
But point being, I mean, again, it's kind of like
the gold thing. I would have thought if those seven
had underperformed the way they did, that the index would
be down, maybe not up as much as it is. So,
you know, it is what it is, but that just
shows you a lot of other areas have moved up.

Speaker 3 (13:42):
Well, it's kind of a relief, right? Because I think
it got to be I don't know if nauseating is
the right word, but that the Mag 7 was just
dragging the S & P up. Yeah.

Speaker 5 (13:53):
And in a.

Speaker 3 (13:55):
Balanced portfolio was dragging behind if it didn't have the
majority in the Mag 7.

Speaker 1 (13:59):
Right.

Speaker 5 (14:00):
Yeah.

Speaker 2 (14:01):
Right.

Speaker 3 (14:01):
I mean, equal weighted S & P 500 would lag. Exactly.

Speaker 4 (14:05):
And, you know, I think a great representation of how
technology has worked this year has been, you know, the QQQs,
which everybody knows.

Speaker 3 (14:16):
Yep. that's kind of the.

Speaker 4 (14:18):
Weighted version of the Mag 7 plus some other stuff, right?
But the Mag 7 have a big influence on that.
You know, that's up roughly, I think it's around 12%
this year, the Qs are. We own that, full disclosure,
in our models. But we also own our SPT, which
is an equal weight version of the Qs, of technology.

Speaker 3 (14:42):
That's up over 35%. So... When you look at it,
the equal weight.

Speaker 4 (14:49):
Is really outperformed because of, I think, because of what
Adam just talked about. The chip stocks have a bigger,
you know, pull on that index maybe in the triple Qs.
So that's been interesting to me as well. And it's,
you know, I guess if you're looking at your money
and you've got it positioned accordingly, either if you're a

(15:11):
home game or whatever it is, and you're heavy mag seven,
you're probably scratching your head saying, what am I doing wrong?
I don't feel like I'm making what I should be making. Well,
and that's why you look at longer term, right?

Speaker 3 (15:23):
If you look in these little microcosms of time, you're
always going to be, you know, looking underneath the microscope,
look at how good I'm doing or look at, you know,
what am I doing wrong? When in all reality, over time,
you know, if you're kind of putting yourself together in
a diversified portfolio, right? you're going to win.

Speaker 5 (15:46):
You are.

Speaker 3 (15:46):
I feel like, right? I mean, there's no guarantee, obviously.
But I mean, you're going to have some ups. You're
going to have some downs along the way. You're going
to have, what, maybe a smoother ride.

Speaker 5 (15:56):
Yeah. Right?

Speaker 3 (15:57):
I mean, I think that's one thing you're alluding to.
And I think it all goes back to what are
people trying to accomplish with investing? And we'll talk more
in the second segment, book-wise, and some planning-wise. uh, techniques, but,
but I think when people are investing, they, they, they
really need to dial in to see, you know, what
are they trying to really accomplish overall? And a goal

(16:17):
is not making as much money as you possibly can.

Speaker 4 (16:20):
Yeah. What's your investment strategy? Make as much as I can. No,
that's not a, that's not, I.

Speaker 3 (16:27):
Get it, but I mean, that's the hope, right? But
that's not really an investment strategy.

Speaker 5 (16:33):
Yeah.

Speaker 3 (16:34):
Yeah, that's true.

Speaker 4 (16:34):
So, you know, as we round the corner here, we're
coming around second.

Speaker 5 (16:38):
Base, right?

Speaker 4 (16:39):
We're going to be going around second base heading towards
home for the second half of the year. And you
look at it and say, well, what kind of things,
you know, are looming out there that could maybe upset
the apple cart, make things a little choppy again, whatever
you want to say, right? And I kind of came
up with a list of– Things that I think we

(17:00):
need to keep an eye on here, okay? Interest rates
is clearly one of them. And the odds now of
a rate increase are over 40% by December, okay?

Speaker 3 (17:13):
Let's rewind. Coming into the year, what was the... Three cuts.
Three cuts. Now we got no cuts and maybe a raise.

Speaker 4 (17:20):
Yeah, I don't see... And maybe the right thing to
do is nothing. You know, that's probably..

Speaker 3 (17:24):
I think that's all... I think that's what they should do.
A lot of times. Yeah, but... Doing nothing is better. Right, right.

Speaker 4 (17:31):
But I think you got to kind of keep that
one in your back pocket, right? Because stocks generally don't
like a rising interest rate environment. Now, there's a ton
of other things that play into that comment, but generally speaking,
that slows things down, right?

Speaker 3 (17:46):
So..

Speaker 4 (17:47):
That's one thing we're keeping an eye on. Here's one
that I think is kind of interesting.

Speaker 5 (17:50):
Pause for just a second, Joe.

Speaker 2 (17:52):
It kind of surprises me to hear you say that
because I'm looking at these numbers and I'm thinking, okay,
if oil is down where you say, what, 70 bucks
a barrel, theoretically, if we're an oil-based economy, you would
like to think inflation will come down. And hopefully, then
you'd say, well, we don't need to up interest rates

(18:13):
because we have inflation coming down. Wishing and hoping, I guess.

Speaker 4 (18:18):
No, I think you bring up a valid point, Ron.
So inflation is going to print probably below 4% again.

Speaker 3 (18:25):
It just– remember, we've been talking about the last three months.
It's going up. It's going up. It's going up.

Speaker 5 (18:30):
Because of oil.

Speaker 4 (18:31):
4.1 on the CPI, right. Well, not only is the
price of oil falling. If you look at corn, wheat,
the commodity complex has fallen off– it's just fallen off
the shelf here. So– inflation is going to get some,
some nice help from not only oil, but the other
commodities as well. So you're going to be looking now

(18:52):
at inflation working its way back down towards three and
a half.

Speaker 3 (18:55):
That's a good thing. Yeah, Ron, you're right.

Speaker 4 (18:58):
It, it, it gives them maybe more cover to cut
if they wanted to, right. Or, you know, or they
won't maybe to feel the need to raise interest rates.
I think that I'd say it that way is a
good thing. But, um, And I don't know that they'll
raise them anyway, even if they needed to because it's just–

(19:19):
it's not– I don't want to bring the political element
into it, but it's part of the story, right? I
just don't think that's what the president wants.

Speaker 3 (19:26):
Especially coming into some midterms. A hundred percent. That's one
of the things on my list. I think there's always
some manipulation in midterms. Sorry, did I get ahead of you? No, no,
you did. It's perfect. I mean– I mean, events that
are occurring through the summer is one is you're moving
into the.

Speaker 4 (19:41):
Slowest time of year, which is the July, August, September timeframe.
You are wrestling with a new Fed governor and the
market doesn't really understand how he really is yet. You've
got the midterms in November. I mean, these are things
that the market's going to have to find its way through,
but they all have the same base principle, which is uncertainty, right?

(20:03):
And the market likes certainty and it's not going to
get any of that until really November or maybe the
outcome doesn't matter as much as the.

Speaker 3 (20:10):
Fact that there is an outcome. Right. Okay. So that's
where we're at on that one.

Speaker 4 (20:17):
Here's another thing I find, another stat I find very
interesting that I think you've got to watch out for
and nobody's talking about. Margin debt is at all-time highs
by a lot. That's a sign of high, high, high speculation.

Speaker 3 (20:30):
Now, what is margin debt? Margin debt is borrowed money. Okay.

Speaker 4 (20:34):
So that means that, you know, People have put up
$ 1 to get $ 2 in our institutions and go into
the market. And with margin debt at all-time highs, if
you get one decent-sized hiccup in the market, it could
magnify that downside pretty quickly.

Speaker 3 (20:55):
It starts to turn into an avalanche. It does. It does.

Speaker 4 (20:58):
And I think we've got to really, you know, there's
nothing you can do about this one. But, you know,
margins are great on the way up.

Speaker 3 (21:06):
And like poison on the way down, right?

Speaker 4 (21:08):
And nobody's talking about that, but I think that is
a second half concern that needs to somehow work its
way out on top of the other things that we
just talked about. Another stat that I thought was kind
of interesting, 60% of the stocks right now already carry
a buy rating. And that means there's not a lot

(21:31):
of room for upgrades. That's like almost a historical high.
So what drives stocks a lot of times is what
analysts say. We upgraded it to whatever, buy, raise the
price target and.

Speaker 3 (21:41):
All that stuff.

Speaker 4 (21:41):
A lot of them are already at buys. So you're
not going to get that kind of leverage pulling the
market up either. I'm not trying to paint a picture
of disaster. I'm just trying to say, hey, there's some
challenges in the second half that we need to get
through that are noticeable. And here's the one that really
gets me. I think investor expectations and attitudes.

Speaker 3 (22:02):
Are a little out of whack.

Speaker 4 (22:04):
OK, now I'm not trying to insult anyone. I'm just
saying here's things I'm hearing. OK, and these are I've
heard these before and I've heard them at times right
before the market has done some crazy things. I've had
more than one person tell me in the last month
they had a friend who quit their job to do
day trading because it's just so easy.

Speaker 3 (22:24):
Why would anybody else do anything else? This is just
so easy.

Speaker 5 (22:27):
Yeah, right.

Speaker 4 (22:28):
That's a major, major red flag. Here was the one
that got me. I had a person tell me that.

Speaker 3 (22:35):
Said, well, you know what?

Speaker 4 (22:36):
I'm going to pull some money out of my account.
I'm going to open up a brokerage account. I'm just
going to go trade and pick up a couple of bucks.
Like you're walking along the.

Speaker 3 (22:45):
Street and there's 20s in there.

Speaker 5 (22:46):
Yeah, exactly.

Speaker 4 (22:47):
I mean, these are all signs of expectations that are
way too.

Speaker 3 (22:52):
High right now. Which is crazy to me because did
they not remember the first quarter? No, they disappear quickly.
That's a great point. I mean, I know, especially after 08, 09,
a lot of people thought forever that it was going
to go up. But that was a long period of time.
We're talking in months. Months, yeah. Not years. No.

Speaker 6 (23:11):
Of..

Speaker 3 (23:12):
Like getting this euphoria effect of just, the market's never
going to go down. Yeah.

Speaker 4 (23:17):
Investor psychology is amazing. It can turn negative so quickly,
and then a little bit of positive action can create
it going the other direction, and it's never going down again.

Speaker 3 (23:30):
And, you know, obviously everybody's different.

Speaker 4 (23:32):
I'm just telling you things I'm hearing that I don't
hear when markets are at a low.

Speaker 3 (23:38):
Right. Okay.

Speaker 4 (23:38):
These are things I hear when markets are at a
high or have had a really good period of time.

Speaker 5 (23:43):
Yeah.

Speaker 3 (23:44):
And that's kind of where we're at in this one, too.

Speaker 4 (23:46):
So it's, you know, I think we've got some things
to sort through for the second half. And, you know,
we'll keep you.

Speaker 3 (23:53):
Posted as we go along. Yeah. We'll make changes on
our models, obviously, as we need to.

Speaker 5 (23:58):
But, you know.

Speaker 3 (24:00):
I think most importantly is what people need to realize
is we take the emotion out of it, right? Completely. Completely.
I mean, a lot of what we've talked about, right,
with this euphoria and people thinking that they can't lose
is an emotional thing. And we all know when emotions
and investing get mixed together, it starts to get tangled. Yeah,

(24:22):
it gets a little cloudy. It does. And yeah, no,
taking that out, taking an approach that's kind of structured
in how you're looking at it, I think is an
important way to go.

Speaker 4 (24:34):
And understanding too that not everything in your portfolio is
going to go up.

Speaker 3 (24:39):
At the same time, everything's going to go down. Some
of the favorite questions. Yes, we do.

Speaker 4 (24:46):
How come I'm holding this? It hasn't done anything for me.
Because when everything was going down, it went up.

Speaker 3 (24:51):
Most likely.

Speaker 5 (24:51):
That's why.

Speaker 3 (24:52):
So that's called diversification, Ron. You've heard it before. Absolutely.

Speaker 5 (24:56):
Absolutely.

Speaker 2 (24:57):
You're listening to Joe Kovach and Adam Stalnaker. They are
with Rockport Wealth Advisors, certified financial planners, and fiduciaries as well.
This is the Rockport Wealth Truth in Investing program here
on NewsRadio 570 WQEN. And if you're looking for trusted
financial guidance, contact Joe and Adam at Rockport Wealth Advisors
by calling the office. And that number for the boardman

(25:19):
office is 330-965-9890.

Speaker 3 (25:19):
That's 330-965-9890. 9-8-9-0.

Speaker 5 (25:25):
I'll say it nice and slow.

Speaker 3 (25:26):
3-3-0-9-6-5-9-8-9-0.

Speaker 2 (25:26):
The office in Boardman is located at 7227 Glenwood Avenue,
right there at 224 and Glenwood. Also, you'll find him
in Cleveland at 22730 Fairview Center Drive, Suite 150. is
where the Cleveland office is. And the number for that

(25:47):
office is 216-226-4560. 216-226-4560, the number for the office in
the Cleveland area. And that's where you can get more
insights like these. Reach out to the team at Rockport
Wealth Advisors. Plus, I think coming up in segment two,

(26:08):
won't we talk a little bit more about how you
can get a free copy of Adam Stalnaker's book?

Speaker 5 (26:14):
The Rockport way?

Speaker 3 (26:14):
Absolutely. The man here himself.

Speaker 5 (26:17):
There you go. Absolutely.

Speaker 2 (26:19):
So you want to stay tuned for that because, I mean,
it's kind of the fundamentals. And, Adam, you're still giving
them away for free?

Speaker 3 (26:28):
Absolutely.

Speaker 5 (26:28):
Yep.

Speaker 3 (26:29):
Been flying off the shelves, actually. Very successful. We're waiting
for another shipment to come in that should be today
or tomorrow.

Speaker 5 (26:37):
All right.

Speaker 3 (26:38):
But yeah.

Speaker 5 (26:39):
So stand by for that.

Speaker 2 (26:41):
We'll let you know how to get a hold of
The Rockport Way, the book written by Adam Stahlaker. That'll
be coming up at the beginning of segment two here
on News Radio 570. This is the Rockport Wealth Truth
and Investing Program with Joe and Adam. And if you
like what you're hearing from Joe and Adam, this is
the kind of perspective they continually bring to their clients. 330-965-9890.
Ron Verb, News Radio 570, WKB Wealth Truth and Investing

(27:07):
Program with Joe Kovach and Adam Stalnaker, certified financial planners
that are here with us and fiduciaries. We'll tell you
about the Youngstown office at 7227 Glenwood Avenue at 330-965-9890.
The Cleveland office at 22730 Fairview Center Drive, Suite 150. 216-226-4560.

(27:30):
The phone numbers for there, Joe and Adam, are all
about helping clients make informed financial decisions. Learn more by
giving them a call today.

Speaker 3 (27:37):
All right.

Speaker 2 (27:38):
With Joe and Adam, let's talk a little bit about
the freedom paradox.

Speaker 5 (27:44):
Ah, the paradox.

Speaker 3 (27:45):
All right.

Speaker 5 (27:46):
Wait a second. Wait a second.

Speaker 2 (27:48):
Before we get to that, I promised people that we
would talk about how they could get a free copy
of the book. I almost forgot my commitments here that
I was going to make to people.

Speaker 3 (27:57):
In your business, isn't that the hook? They've got to
wait around. They've got to listen.

Speaker 5 (28:01):
Well.

Speaker 3 (28:02):
And then they can.

Speaker 5 (28:03):
When I like to give.

Speaker 3 (28:04):
I'm just messing with you.

Speaker 5 (28:08):
When I like to give away something. I'm not going
to talk radio jargon.

Speaker 3 (28:10):
That's your job.

Speaker 5 (28:11):
That's right. That's not me.

Speaker 3 (28:12):
I don't know.

Speaker 2 (28:12):
I tell you this much. But Adam wrote a book
called The Rockport Way. And if you would like a
free copy of that book, a free copy of that book,
and you can get a copy of that, buy.

Speaker 5 (28:24):
How do you do it, Adam?

Speaker 3 (28:26):
Yeah, you go to therockportway.com. And then literally once you
get on there, boom, pop up. And all you do
is click the button. You fill out a little information
so we know where to send it. And then we
send it your way. And then after a couple of weeks,
there's some some some charts, some charts, some some different

(28:47):
add ons to the the actual book itself that will
come in email form after that. And so there's some
some extras, too. And that's why you want to go
register on the on the website as well.

Speaker 5 (28:58):
All right.

Speaker 3 (28:58):
The Rockport way to copy to write. You can.

Speaker 5 (29:01):
Yep.

Speaker 3 (29:02):
You can get a PDF version. I'm a paper book guy.

Speaker 2 (29:04):
Right.

Speaker 3 (29:04):
A lot of people aren't.

Speaker 5 (29:05):
Right.

Speaker 3 (29:06):
I like to mark it up, Ron. I like to
make notes and highlights and all that stuff.

Speaker 2 (29:10):
Right.

Speaker 5 (29:11):
And critiques.

Speaker 2 (29:11):
The paper copy. You need a highlighter and that kind
of stuff. It's called The Rockport Way. Adam Stahlnaker, the
author of it. Once again, to get a free copy
of that book, they'll mail it to you. You go
to therockportway.com, Adam. Yep.

Speaker 6 (29:27):
Yeah.

Speaker 3 (29:28):
And just... Take you a minute to kind of fill
out your info and hit the submit button and we
get it. Print out the label. Usually, I think we're
shipping out once a week. We're not a well-oiled. machine
shipping department here, but no success has been good though. We've, we've,
we've shipped out a lot. We're through our first lot,
which is, which is good. And we give it away.

(29:49):
Like I was at my kid's baseball game last night,
a couple of dads. Hey, I get this one. If
you're really good, he'll sign it for you. Yeah. Yeah.

Speaker 5 (29:57):
Yeah.

Speaker 3 (29:58):
But you got to say, please.

Speaker 5 (30:03):
Is that how it goes?

Speaker 3 (30:04):
I see. Then you'll get me to say, yeah, exactly.

Speaker 5 (30:06):
All right.

Speaker 3 (30:07):
Thank you. That's what I'm teaching my kids. But yeah. So,
you know, in this segment, too, Ron, I think what
we want to do and I think the segments going
forward as we go in segment two. Well, we want
to just start dissecting some of these chapters.

Speaker 5 (30:21):
Sure.

Speaker 3 (30:22):
And kind of going through, you know, chapter one, you've
read the book, right? You've covered cover.

Speaker 5 (30:27):
Yes, I have it.

Speaker 2 (30:28):
I have it sitting in my I have it sitting
in my studio. I should have brought it in to
this particular studio.

Speaker 3 (30:34):
But yeah, go ahead.

Speaker 2 (30:37):
But you want to talk about chapter one, life as
a financial plan. Which is, if we're going to start talking,
chapter one is probably the best place to start, Adam.

Speaker 3 (30:50):
It makes the most sense, doesn't it? Chronological order at
the beginning? What? But I think this is a short chapter,
but I think what it does is it really just
sets the foundation for the rest of the book and
kind of what it's all about, right? And I mean,
literally saying life has a financial plan. And I think

(31:11):
as we all... you know, have gone through our lives
and done different things, whether it's through work or through
doing things at home, you know, I think we break
it down into, you know, results. Ultimately, I think in
my own life, best results come from planning something out beforehand, right?
If you're going to build a house, you put together plans, right?

(31:31):
You don't just, you know, cut some wood and, you know,
put some nails in it and all of a sudden
you have a home. You've got to actually kind of
think about it, come up with a a structure, a foundation,
and put it together so it's strong and it lasts
and it, you know, is customized to what you need
and what you want.

Speaker 4 (31:53):
So it's not unlike golf, right? You've got to plan
it out. I'm a big golfer, and I think a
lot of people know that. Now, can you execute where
you choose to put the..

Speaker 5 (32:01):
Yeah, I was just.

Speaker 3 (32:01):
Going to say, some of us, like, my plan is
not to hit it in the woods with water, right?
And you maybe are more of a 10-yard radius. I'm
trying to keep it, you know. I know if I
want to be left or right at least.

Speaker 4 (32:16):
I can tell you that much. But I plan it
out is my point. My point is that's the goal. Now,
whether I execute or not, and same thing as financial planning, though.
You got to plan it and then you got to execute, right?
You can make the plan, but if you don't follow it,
what good is it?

Speaker 3 (32:30):
Yeah. And so let's just pop into it, you know,
as we're looking at life as a financial plan and
it applies to people, you know, what's happening right now?
How are people's financial plans being, some of people's financial
plans are really getting, you know, roughed up a little bit.
They're being affected.

Speaker 1 (32:48):
Yeah.

Speaker 2 (32:49):
Yeah.

Speaker 5 (32:49):
Yeah.

Speaker 3 (32:50):
Because inflation is affecting a lot of things, right? You know,
people have a food budget. Well, that budget is getting
blown out of the water. Their travel budget, you know.
You're getting less for your dollar everywhere.

Speaker 5 (33:03):
Yeah.

Speaker 3 (33:04):
So that means things have to change.

Speaker 7 (33:06):
Right.

Speaker 3 (33:06):
At the pump is better than where it was, but
still higher than where it was a year ago.

Speaker 5 (33:10):
Yeah.

Speaker 6 (33:11):
Right.

Speaker 3 (33:11):
I mean, simple things like that.

Speaker 4 (33:12):
And I think that, you know, Ron, your favorite guy,
Joe Bag of Donuts, it's you know, we are.

Speaker 3 (33:20):
They're struggling.

Speaker 2 (33:22):
When Adam's talking about being financially squeezed, because you take
a look, the cost of electricity has gone up substantially
in my neck of the woods, and I think for
most people. And you use it, particularly in these hot
days with air conditioning. Have you had a car repair
lately or a truck repair lately and see how much?
That is, have you checked out your insurance, whether that's

(33:42):
your car insurance.

Speaker 5 (33:44):
Or your homeowners?

Speaker 2 (33:45):
You can't look around, guys, without seeing, in many cases,
some double-digit inflation that has taken place. And that's where
you say we feel financially squeezed. And that's why we
feel that way. Take it away, Adam.

Speaker 6 (33:59):
Yeah.

Speaker 3 (34:00):
Well, and I think that's where it goes back to
the budget and not being a restriction but kind of
putting together what you can afford and what you– what's
important to you. Priorities, priorities, updated numbers. Absolutely. Getting those
updated numbers and understanding kind of where you sit, you know,
some of these times, maybe, maybe the summertime is less

(34:22):
of a time for people to save because they're going
on vacation to do. Yeah. Yeah. Yeah. But you know,
that's all part of the plan, right? You, you understand
that maybe the summertime, you know, there's a little bit
more fun that's happening and, but you put it on there.
and it's not to like restrict yourself, but it's to
kind of not feel bad about that spending. Cause I

(34:43):
think a lot of people, if you don't have a
plan and you're just spending, you know, willy nilly, you know,
it can be, it can be taxing on you at
some point. But if you put this plan together, put
a budget together, understand that it's okay to spend that money.
It's okay to do these things. Um, It becomes a

(35:04):
little bit more– it becomes more freedom, right, I think,
than restrictive. And I think that's where people got to
separate the two. Budgeting is not a restrictive action. I
think it's actually allowing people to have more freedom in
what they do.

Speaker 4 (35:21):
I think that– I'll chime in on that for a second.
I think that whenever I bring up financial planning to someone,
the fear is, oh– well, you guys are going to
tell me what to do.

Speaker 8 (35:31):
Right.

Speaker 3 (35:32):
No. Or tell me what not to do.

Speaker 5 (35:34):
Right.

Speaker 3 (35:34):
What I can't do. Exactly. Exactly. And it's, we can
make suggestions. Yeah.

Speaker 4 (35:39):
We can lay it out on paper for you. We
can't make somebody follow it.

Speaker 6 (35:44):
No.

Speaker 3 (35:45):
Right.

Speaker 4 (35:45):
And nor do we want to do that. That's not
what we're trying to do. We're trying to lay the groundwork,
lay a frame of kind of like where it makes
sense for you to operate.

Speaker 3 (35:57):
Yep.

Speaker 4 (35:58):
And We don't want you to be afraid of it
in a sense of saying, well, you know, I think
Adam's word is perfect, restriction, right?

Speaker 5 (36:06):
Oh, I'm restricted.

Speaker 3 (36:06):
I can't do this. I can't do that.

Speaker 4 (36:07):
No, you're going to be able, you know, we want
you to do everything you want to do. We want
to help you get there.

Speaker 3 (36:12):
But I think also educating them and letting them know
what the effects are of those things. Like somebody come in, hey,
I want to buy a house in Florida. What's that effect? Well,
that's why you put it through and you kind of
show what the effects are. I'm not saying you can
or cannot do it. I always tell people we're the
caretakers of their money. We don't have their money. We

(36:35):
don't own their money. It's always their money. But if
we can be the caretakers on the investment side of things,
on the planning side of things, and help them make
the most educated decisions that they can and understand the
effects of things.

Speaker 4 (36:51):
Well, I think a lot of people come to us
and they're just like, you know, I've saved my whole life.

Speaker 3 (36:58):
Now, did I.

Speaker 4 (37:00):
Do it right or not? Can I do everything I
want to do? They just don't know. And a lot
of times they're looking for what?

Speaker 3 (37:04):
Peace of mind.

Speaker 4 (37:05):
Like, you know, how many times you sit in front
of somebody and be like, hey, you're in great shape.
You know, and they're like, really?

Speaker 3 (37:10):
Go spend.

Speaker 5 (37:10):
Yeah, right.

Speaker 3 (37:11):
You have to coach them into spending a little bit more.

Speaker 4 (37:13):
And I was just talking to somebody at church this week,
and he was telling me he had just retired in
the last six months. He goes, I cannot– get through
my head that there's no more paycheck coming in and
I have to get my money from what I saved
and it's bothering them. It is really bothering. And I,
and I, I kind of reassured him and I said,
you're not alone. Everybody feels that way. Seven out of 10,

(37:36):
eight out of 10 people feel like, gosh, I'm, I'm
having to reverse the whole process here.

Speaker 3 (37:41):
Save, save, save, save, save.

Speaker 4 (37:42):
And now how do I get the income out of
everything I saved? You didn't save just to give it away.

Speaker 3 (37:46):
And the goal is not to die with the most money. Right, right.
You save this money so you could live, right? Not
that you could end. And, you know, all the young
people out there, your parents didn't save money just to
give you a bunch of money. Right, right. You'll probably
get some left over anyway. Great. But what you want
your parents to do and encourage them to do is

(38:08):
to enjoy their money, have fun, and live their lives.
And I think People have a hard time with that.
But I think visually when we do a plan and
put budgets together with people, I think it allows them
to become a little bit more free with that spending
and understand that they're not screwing anything up.

Speaker 2 (38:28):
There's financial planning involved. And like you're saying, Adam, as
far as the budget is concerned, you don't want to
take out too much either and spend too crazy and
then say, boy, what am I going to do now?

Speaker 5 (38:39):
I mean– You've got to get some degree of input, right,
as far as where you're going.

Speaker 2 (38:45):
Because I just think a lot of people say, I
want to keep the principle and I want to live
off the earnings. And, well, how much do you need
once you get your Social Security and all that kind
of stuff? What's realistic so that you still got it
there if you're going to be around 20 years or
25 years?

Speaker 3 (39:04):
Well, we've had people, too, that have taken out money
just because they want that paycheck. And all of a sudden,
their bank account starts getting juicy. And, you know, Ron,
what's a good interest rate in a bank account right now?

Speaker 5 (39:23):
Half a percent.

Speaker 3 (39:23):
Yeah, exactly. Exactly. So I think what we have is
a lot of counseling of people and saying, hey. take
out what you need on a monthly basis to pay
your bills. And if you've got other expenses that you
need more money, there's money here, but let it continue
to grow. Let it continue to have more of an

(39:44):
upside than a bank account would have. And strategically take
it out when you need it. That's another piece of
the whole puzzle, too, is people don't know how to
take money out in the best possible way, whether it
comes to taxes, whether it comes to just gaining and
have growth over time. I think that's a lot of

(40:06):
counseling that we do too.

Speaker 2 (40:08):
Adam, I would think though the upside is you're dealing
with disciplined people to a large extent. Show me somebody
that has gone through their life, they have discipline to
be able to live below their means and save money
and set money aside. There's a discipline there. And I
would like to think that given the right stewardship, they
can bring that discipline into retirement as well as far

(40:28):
as taking money out of their savings and making sure
it's the right area.

Speaker 3 (40:34):
It's the hardest part is that that discipline continues on because,
I mean, think of behaviors that you've had for 30 years, right?
And then all of a sudden having to flip it
out into basically the opposite. You know, people have a
lot of trouble with it. And I know, Joe, and
I've got one I looked at my calendar Thursday. I

(40:55):
definitely got one where we're going to be going through
the numbers and making sure that they know that they
can take this money out. And, you know, half the
time we're counselors on all this. And I think the
other thing.

Speaker 4 (41:09):
Too, that we run into a lot in this is
like there's this people try and put the same, make
it the same word, planning and investments.

Speaker 3 (41:21):
Right.

Speaker 4 (41:21):
Investments is just one part of it. It's like you
already mentioned the other thing. There's there's you know, how
do I turn what I've saved into an income? How
do what are the taxes going to be? How do
I pass it on to my kids or whoever charities
or whatever I'm looking to do? These are all parts
of the planning process. I think a lot of people
come to us and they're just like, you know, and
there's always going to be that faction of person that says, hey.

(41:44):
And you talk about those things, they go, yeah, but
what's my return? They're hyper-focused on the one thing where
we're trying to get them to hyper-focus away from that,
look at the big picture, enjoy their life, and not
have to worry about the fact that the S &
P is down 1% today or up 1%.

Speaker 3 (42:01):
Yeah, because if your plan still works and the market's haywire,
hopefully what that does is allows them to peacefully enjoy
their lives still and not be stressed out about watching
their balance go up and down. but understand that, you know,
within the market conditions and how the plan was put together, it'll,
it's stress tested. It works in these market conditions and

(42:23):
they can continue to live the life that they want
to more than anything. And we're not saying it's easy.
Oh God.

Speaker 4 (42:29):
By, by, by no means is this easy, you know,
behavior to adopt.

Speaker 3 (42:36):
It isn't. I mean, but.

Speaker 4 (42:38):
You know, I think the most successful people in retirement
isn't the person with the most I think it's the
person who gets the most out of what they have
and doesn't worry about the investment returns every day.

Speaker 3 (42:52):
You know what I mean? They're taking the whole big
picture in and saying, you know what? This is great.

Speaker 4 (42:58):
I just got back from Aruba, and they didn't think
about it one time. And that makes me, and I
know you, feel like we've been successful.

Speaker 3 (43:07):
When they say things like that. I mean, having the
conversation where they're like, well, you enjoying your life?

Speaker 5 (43:12):
Yep.

Speaker 1 (43:13):
Yeah.

Speaker 3 (43:13):
How's money?

Speaker 7 (43:13):
Good.

Speaker 3 (43:14):
You worried about anything? Nope. Quick meeting, right?

Speaker 1 (43:17):
Exactly.

Speaker 3 (43:17):
Then you talk about grandkids and kids and seeing how
everybody's doing and, you know, on the personal side of
things and, you know, bringing, I guess bringing kids up
too is another thing that people want to see is,
you know, maybe as a strategy, giving away money to
their kids while they're, while they're alive, um, into charity.
So those are all parts of the planning process too. Um, no,

(43:39):
I think, I think, you know, with this first chapter, um,
you know, I think what we achieved is just a
foundation for the rest of the book, right? And because
we're going to go into the details of each different
segment of people and what they should look at, but
it all goes back to this planning, right? And when
we say the Rockport way, it's planning. It's, you know,

(44:04):
it's not some, you know, special secret sauce of I mean,
it is, but it's all about planning in your life,
planning in retirement, and just applying that to each part
of your life. You know, it's things that we're trying
to teach our kids to do, right? You know, my
son wants to get better at basketball. Well, he thinks

(44:26):
he can just show up and he's better at basketball.
It's planning it out, right? It's doing the practice. It's
putting in the work. It's understanding that you've got to
have some commitment around what you're doing to achieve what
your goal is going to be. So doing that earlier
and earlier is just going to be better.

Speaker 2 (44:43):
I like the Rockport Way principle. It says, a financial
plan doesn't tell you what you can't do. It tells
you what you can do with confidence.

Speaker 5 (44:51):
Yep.

Speaker 3 (44:52):
Yep. Yeah, I think that line kind of contradicts. what
people think about planning, right? I think, once again, it
all goes back, and Joe mentioned it too, is people
feel like if they're doing planning, it's going to be
restrictive on what they can do in life. And it's

(45:14):
truly the opposite. What it is, it frees you up.
It gives you confidence in what you do and what
the decisions you make. You know, that's why we have
people come in and say, hey, I want to buy
this car. I want to do it in cash. We
walk through it. You know, is it the best way
to do it in cash? Is it the best way
to do it? Finance it. Here's the outcomes. Let's talk

(45:35):
through it. You know, it's those sort of things as
you put this plan together that as you go forward,
you just feel good and enjoy life. I mean, that's
our ultimate goal for people is to enjoy what they
do and go through life, you know, financially confident.

Speaker 4 (45:54):
Many, many, many, many years ago before there was GPS,
and you wanted to drive from Cleveland to L.A., you
didn't just get in your car and start driving, right?

Speaker 3 (46:04):
You planned it out on a map. You got the
trip tick.

Speaker 4 (46:08):
And the big map and all that stuff, and you
planned it out, and you said, okay, I'm going to
stop in this city and spend.

Speaker 3 (46:13):
The night or whatever it is. You get a map. Yeah,
similar to that.

Speaker 4 (46:16):
You get the paper map, and then you drove off
the road twice trying to read it while you were driving.

Speaker 3 (46:21):
You know, all that stuff. It's huge.

Speaker 4 (46:22):
But, you know, this is just a life plan versus,
you know, a..

Speaker 3 (46:28):
You're getting.

Speaker 4 (46:30):
From point A to point B either way, whether you're
going from Cleveland, L.A., or you're going from pre-retiree to
retiree to later in life, whatever. You've got to just
kind of know your basic parameters. You've got to know
where you want to be, and then you've got to know, hey,
did I do enough to get there or not?

Speaker 3 (46:48):
If not, do I have to make some adjustments? That's all. Yep.
You make it sound easy, Joe.

Speaker 5 (46:53):
I did.

Speaker 3 (46:53):
It's not that tough. I got it all figured out.
But that's over a many-year period, right? Yeah, exactly. And
many things come up. And that's what's, you know, planning
isn't just a one-time thing. No, no. Right? I think
it's ultimately plans change. You know, we talk to clients
all the time. They're retiring. They're enjoying life. And all

(47:13):
of a sudden, they're like, we want to move to Florida.
And it's like, can we do it? This is what
we're going to do. This is what we want to do.
And you run through the numbers.

Speaker 4 (47:22):
Or God forbid somebody gets sick, medical bills go up,
whatever things he didn't plan for, now you have to
plan for. And that one happens, unfortunately.

Speaker 3 (47:30):
And pivoting around, you know, what are we doing with
the house? What are we doing this? You know, is
our state plan in order? These are all things that
come up that should be kind of in order along
the way that we have a checklist for people when
we're doing these plans. Yeah, no, I think, you know,
I think one thing for listeners, and this is what

(47:52):
we're going to kind of do is kind of give
people action items to think about, right? You know, I think,
think about three things that they want to do with
their money in the next five years, not investment, we're
talking life goals. And I think that just simple as
this becomes the foundation, right? If you're a retiree and
you want to travel more, you know, that's, that's a goal, right?

(48:18):
How does that happen? What does that look like? What
does that mean? You know, if you want to retire, right?
Hopefully give us at least five years. We do have
some people that come in year of and be like, hey,
I want to retire. You know, it's your June. I'm
retiring at the end of August. Yeah, exactly. The earlier
you start, the better. That is a fact. Because you

(48:41):
can have some flexibility there. Some people work with no
flexibility and you know, then there's no flexibility. And that
equals stress, right? You don't want that. That's the problem.
No confidence. Right. Right. So, so I think, you know,
those are things that people can look at and do
just in simple fact, right. As, as they're just kind of,

(49:03):
if they're new to this, you know, we, these are
things that we talk through all the time with clients. Yeah.
So I think that's as simple as that. You know,
I think we, you know, we, we've talked to real
life scenarios already with a couple of people, you know,
I think we'll continue to talk real life scenarios and
all of these chapters as well, because we wrote them

(49:24):
all based on, on real life scenarios of people that
are clients of ours or what we, what we lived
in our, in our lives as well.

Speaker 2 (49:34):
Um, And every client, Adam, would be unique. I mean,
it depends how much you saved and what you enjoy.
Not everybody wants to travel and go to Australia. Some
people are content just not having to go to work
and enjoy their neighborhood and taking a walk and just
enjoying what I would like to say is the simple
life and the stress-free life. No question. I mean, retirement

(49:58):
is as unique as every individual that happens to be
out there, as is how much that they've saved for it.
how disciplined I guess you can be as far as
your retirement spending is. I mean, I like a couple
of the lines. Like I say, a financial plan doesn't
tell you what you can't do. It tells you what
you can do with confidence. Without a plan, every purchase
comes with guilt. With one, guilt disappears. I mean, that's

(50:22):
the lesson I think that you're saying here.

Speaker 3 (50:27):
Yeah, no, absolutely. I think we make it pretty simple.
We all know life isn't that simple. Lots of things
come up, but I think if you put a plan together,
you do things for a reason with goals, you adjust
them along the way. And you're thinking about these. I
think if you think about these things, I think you've

(50:48):
got the leg up on a lot of people because
a lot of people just put their head in the
sand and just aren't thinking about it and think that
it'll all solve itself at some point in time.

Speaker 2 (50:57):
Basically, you're telling people you've got to have a target.
What's your target? What age do you want to retire?
What do you want to do in your retirement? What's realistic?
I mean, that seems to be what you're saying now.
It is called The Rockport Way. We're going to cover
the book, but Adam is giving it away for free.
He wrote the book, Adam Stalnaker, The Rockport Way, and

(51:19):
you can get a free copy of the book.

Speaker 5 (51:22):
It's an easy read.

Speaker 2 (51:23):
It's called The Rockport Way by Adam Stalnaker, and you
go to therockportway.com.

Speaker 5 (51:28):
Correct, Adam?

Speaker 3 (51:30):
Correct, yep. It'll take you right into our website, and...
Short little form to fill out, and then we'll send
one out to you.

Speaker 2 (51:39):
TheRockportWay.com. TheRockportWay.com. Short form to fill out, and they'll send
you a copy of that book for free. TheRockportWay.com. Fill
out the form and a free copy of the book.
We'll come your way, and you can read it for yourself.

Speaker 5 (51:55):
And so keep in.

Speaker 2 (51:55):
Mind, Joe and Adam help clients build personalized financial plans.

Speaker 5 (51:59):
Call the office to learn more.

Speaker 2 (52:00):
The office is located at 7227 Glenwood Avenue in Boardman.

Speaker 5 (52:05):
The number is 330-965-9890, 330-965-9890.

Speaker 2 (52:06):
Also, you'll find them at 22730 Fairview Center Drive, Suite
150 in Fairview Park, Ohio. And the phone number for
that office is 216-226-4560.

Speaker 6 (52:19):
216-226-4560.

Speaker 2 (52:19):
This is the Truth Investing Program, Rockport Wealth, on NewsRadio
570 WKBN.

Speaker 5 (52:22):
Thank you, Joe. Thank you, Adam. We appreciate you being
with us as always. All right. Ron Verp, NewsRadio 570.

Speaker 9 (52:36):
From the Money Talks investment coach, John Arnold Studios, this
is 570 WKBN Youngstown, an iHeartRadio station.

Speaker 3 (52:45):
From ABC News, I'm Stephanie Officer.

Speaker 10 (52:48):
Life-threatening flooding inundating the Northeast, putting more than 60 million
Americans on alert. New York's major airports reporting hundreds of
flight delays. ABC News senior meteorologist Melissa Griffin.

Speaker 11 (52:58):
This rain is falling fast. It's coming down hard and
it's not over yet. We're still seeing on the radar
lit up across parts of New York. That includes Long Island,
right up through New Haven, Connecticut, right into Newport, Rhode Island.

Speaker 3 (53:09):
So very coastal.

Speaker 11 (53:10):
Significant risk for flash flooding. This is areas from the
Jersey Shore, Long Island, right up through parts of southeastern
New England into the Cape Cod area. This is where
we could see those significant rainfall rates, two to three
inch per hour rainfall rates. That would lead to the
dangerous flash flooding scenes that we've seen over the weekend
that continue into today.

Speaker 10 (53:28):
In Ohio, Sunday night, a police officer was killed after
responding to a 911 call regarding a break in and
gunshots in Rittman. The suspect and two other victims are
also dead. An update today from Wayne County Sheriff Thomas Ballinger.

Speaker 6 (53:40):
We have lost an officer in a line of duty
and two other ones have been injured. And then also
a canine, a dog from the Wayne County Sheriff's Office
was also injured.

Speaker 10 (53:55):
The Ohio Bureau of Criminal Investigation is looking into the incident.
Rittman Police Sergeant Scott Rees, a 10-year veteran of the
force and previous Wayne County Deputy Sheriff, was killed. Four
more officers, all from the Medina County Sheriff's Office, were hit.
Two are in stable condition. Two others were treated at
the scene. Canine Vic remains in serious condition. High drama

(54:17):
surrounding Prince Harry and his trip to the UK. The
former royal went in support of charity events. Harry went
solo after trying to ensure his family's safety after a
government committee refused to authorize taxpayer-funded security. Well, in another
last-minute switch, Harry has decided not to stay at Buckingham Palace.

Speaker 5 (54:35):
You're listening to ABC News.

Speaker 8 (54:45):
Of all the wireless companies in America, only one has
five stars in every category from Consumer Reports. And that
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Pure Talk.

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Speaker 10 (55:46):
The procession for Iran's late Supreme Leader traveled from Tehran
to Qom today. Supreme Leader Ali Khamenei was killed in
joint U.S.-Israeli airstrikes on Tehran in the opening hours of
the conflict February 28th. Tens of thousands turned out for
the procession. Funeral events are expected in two more cities tomorrow.

(56:07):
While the White House once again has the Smithsonian in
its crosshairs.

Speaker 9 (56:10):
In a scathing new report, the Trump administration accuses the
leaders of the Smithsonian of being radical activists. President Trump
has targeted museums and historic sites. He says paints too
negative a picture of America's past.

Speaker 5 (56:23):
We want the museums to talk about the history of
our country in a fair manner, not in a. woke
manner or in a racist manner.

Speaker 9 (56:29):
Last Friday, an appeals court cleared the way for the
administration to replace the slavery exhibit in Philadelphia, where George
Washington enslaved nine people. Critics say the administration is whitewashing U.S.

Speaker 8 (56:41):
History.

Speaker 10 (56:42):
ABC's Sophie Flay. Microsoft is cutting 4,800 jobs or about 2%
of its global workforce. A large number of the employees
work in the Xbox video game business. On top of that,
Xbox expects another 1,600 job cuts over the course of
the fiscal year that just started. Well, George Clooney is
returning to the Venice Film Festival this year to receive

(57:02):
a Lifetime Achievement Award. Organizers say Clooney will be honored
with the Golden Lion at the 83rd edition of the
festival in September. I'm Stephanie Officer, ABC News.

Speaker 8 (57:15):
Of all the wireless companies in America, only one has
five stars in every category from Consumer Reports. And that
company is Pure Talk. Coverage, support, value, data. Five stars
across the board. Plus no service contracts and no cancellation fees.
Just phenomenal U.S. customer service on a crazy fast 5G network.

(57:36):
Dial pound 250, say micro, and switch to a five-star
American wireless company that won't let you down.

Speaker 3 (57:43):
Pure Talk.