February 13, 2025 • 20 mins
Host of ‘How to Money’ Joel Larsgaard joins the show to discuss money argument: couples arguing 58x a year over money, how optimism boosts savings, and more parents investing in Bitcoin. Speaking of Trump, 33 significant moves in 23 days.
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Episode Transcript
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Speaker 1 (00:00):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:08):
KFI AM six forty Bill Handle here Thursday morning. I'm
gonna be rained today. It actually is raining right now.
It's going to be a lot harder this afternoon before
we get to Joel a quick word about what we
do tomorrow at eight thirty. It's ask handle Anything, And
that came out of whenever we any of us meet people,
we're always asked, what's Neil like?
Speaker 1 (00:30):
What's John like?
Speaker 2 (00:31):
What is Tim like? You know, is the handle of
real dick like he comes off? And the answer generally
is yes. So what Ann did is said, let's do
ask handle Anything and do that every Friday morning, and
you have to be part of it.
Speaker 1 (00:46):
I can't do it without you.
Speaker 2 (00:48):
And you go to the iHeartRadio app during the show
and click on KFI and you will see a microphone
on the upper right hand corner. You push that or
you click to that, and then you have fifteen seconds.
Ask a question and I'll answer. You know, it's kind
of fun. We've taken what happens right on the air,
and I embarrass myself constantly because I'm pretty honest about it.
(01:10):
So check that out iHeart app KFI microphone in the
upper right hand corner. Now it is time for Joel
large guard. And by the way, Joel, do you really
believe that I'm as much of an ass as I
never mind anyone I know? All right?
Speaker 1 (01:28):
How to money? Yes, Sundays, let me tell you. People
that really know me, Joel, people that really know me also.
Speaker 2 (01:39):
Think I'm an ass twelve to two o'clock every Sunday
right here on KFI.
Speaker 1 (01:44):
All right, Joel.
Speaker 2 (01:45):
An article just came out that I read this morning
about money arguments. How often couples argue a year over money,
And let's talk about that. Who and what kind of arguments?
Speaker 1 (01:59):
Let's go for it, all.
Speaker 3 (02:00):
Right, Yeah, let's do it, especially since tomorrow it's the
day of love. Right, let's talk about the opposite of love,
which is yelling at your spouse or your significant other.
And yeah, there's this new survey and it finds that
most couples are huge segment of couples are uncomfortable talking
about money in their relationship, like at all. It's say, hey,
let's talk about everything else except for money. It's just
(02:21):
still a taboo topic for a lot of couples. And
then On top of that, couples on average fight about
money fifty eight times a year, which means more than
once a week, which is just a lot to fight
about money. And so I get it too, Like I
grew up in a family where there were money arguments,
and my whole goal in life has been like, hey,
I want to not fight about money with my spouse.
(02:42):
So it doesn't mean that it never happens, but fifty
eight times a year sounds steep, And I just think
most people feel still so uncomfortable about how to handle money,
and then they don't know how to talk about mistakes
that they've made or that their spouse is made without
kind of things getting heated. And I don't know that
worries me because we have to be able to talk
about money without like ratcheting up the situation and turning
(03:04):
it to deficon five.
Speaker 2 (03:07):
Okay, Well, typically, what are the arguments spending too much money,
buying things that not necessary? What is a Is there
a hierarchy at all?
Speaker 1 (03:21):
For sure?
Speaker 3 (03:21):
I think definitely spending is one of those things where
you're not communicating specifically about what's being spent and there's
not enough left at the end of the day. It's
a disagreement about how you're spending money, that is, that's
one of those things. Often there's you know, there have
been other studies in the past that talk about money
infidelity and so a spouse maybe hiding an account from
(03:43):
from the other partner, and that when that comes to light,
that creates significant money arguments and a lack of trust.
Which makes sense. And so when you look at the
studies too, couples who combine their finances tend to have
more success with how they communicate about money and then
how happy there they are. There's self reported levels of
happiness are more are higher because they're typically more on
(04:05):
the same page. And there is something about just putting
everything together. And it doesn't mean that you have to
have your spouse sign off on every purchase you make,
but just it creates that transparency level I think in relationship.
So I think that's something that people should think about more.
I get why more couples are not combining finances, especially
as they get together later in their lives, as people
(04:27):
get married later and hey, I already bought a house,
I've already saved the investor for my retirement, and I've
already made all this progress, and now we're getting married
at thirty six, and so yeah, I kind of want
to keep my stuff separate. But the truth is, if
you want your marriage to function and to be healthier,
the more you combine your finance is the better you
can still have. I think those separate accounts for spending,
(04:47):
but I like the idea of the bulk of the
funds being combined together for those bills that you guys
are going to have together as a couple.
Speaker 2 (04:54):
All right, let's go right into five twenty nine savings plans,
which a lot of parents start for their kids for
a college.
Speaker 1 (05:03):
Fund, which I did the day my kids were born.
Speaker 2 (05:07):
Put money in, and now we have a pretty healthy
amount of money for a four year college. Both of
my kids, at best will graduate junior college, where it
costs ten dollars a unit. So I have more money
in there than I know what to do with, except
it's a ten percent penalty on top of on top
(05:28):
of my interests or on top of ordinary income. So
I'm going to keep it for my great grandchildren personal sego.
Speaker 1 (05:34):
Now that's smart.
Speaker 3 (05:35):
That's part of the things you believe in five twenty
nine plant offers.
Speaker 1 (05:38):
Yeah, you can go to grandkids. That's right.
Speaker 2 (05:41):
So my kids are twenty nine, they're not gonna have
kids for a while. So let's say they have kids
at thirty three, thirty four, which makes a.
Speaker 1 (05:48):
Lot of sense. And then so I got another three or.
Speaker 2 (05:50):
Four years plus eighteen years when their kids are born,
So we're looking at twenty two years of growth. So
it's gonna be worth just a ton of money, except
that tuition will be more than a ton of money.
So let me go into the five twenty nine plan.
There's a there's a world to this, and that is parents.
(06:11):
More parents are investing into their five twenty nine with bitcoin.
I mean, do we really want it to be that vault?
Might as well take the money and go to Las
Vegas the five twenty nine plan and put it on
a roulette wheel.
Speaker 1 (06:26):
So no, yeah.
Speaker 3 (06:28):
So interestingly enough, this was there was an article in
Bloomberg kind of talking about this bill, and it's these
parents are actually instead of five twenty nine plans, they're
putting money into bitcoin, and they're saying, I'm not going
to go through the traditional route that's going to offer
me tax satings. Instead, I'm just going to buy more
bitcoin and hope that that goes up at a faster,
(06:49):
faster clip instead of traditional investments, and so they're basically
like given the heisman to a traditional plan that has
worked out well for so many parents, and I like
the five nine plan. I typically caution parents like, hey,
make sure you're saving well for your own future before
you jump into investing and saving for your kids college,
because hey, the retirement, the sum of money you need
(07:10):
for that as much bigger, and there are no scholarships
available for that. But investing in bitcoin for your kids
for your kids future, I think makes very little sense.
I think the basics, getting the basics right, using the
five twenty nine plan the way it was intended, especially
given the greater levels of flexibility that a five to
twenty nine plan offers these days, I think that's a
much better route than going all in on bitcoin.
Speaker 2 (07:33):
Yeah yeah, now I misunderstood. I thought they were putting
their five twenty nine money into bitcoin, which I'm assuming
can be done because you can pretty well parents can
pretty well invest.
Speaker 3 (07:45):
You can look at risk of all the investment options
that your five twenty nine offers, so if you go
into you can actually go to the ScholarShare five to
twenty nine plan website, or you could look on a
website like saving for College dot com and they list
out all of the investment options and the expenses of
those options, and there isn't actually while inside of like
(08:06):
let's say your four O one K or your IRA
or your taxable brokerage account, you can invest in a
bitcoin ETF. Those are not actually available from most of
these five to twenty nine plans. Unders shit, I haven't
seen one that's offering it. So you would think that, oh,
maybe that's readily okayable now, but not inside of five
twenty nine plans.
Speaker 2 (08:24):
Yeah, you would, and you would think that it's and
you think it's only a question of time before it
does become available because even though the people companies, the
service organizations that are accepting bitcoin or is not growing
as quickly as Anticipator or as bitcoin wanted, it's still
growing real quickly. And that is the five twenty nine
(08:47):
savings plan. This is where I'm going to pat myself
on the back and thump my chest.
Speaker 1 (08:53):
Investing in a five to twenty nine plan early early
early days is well, I'm put it this way.
Speaker 2 (09:01):
My five twenty nine plan was fully if think it
was basically done when the kids were eighteen. Now we
are ten years later because I started so early, and
it's like anything else, it's all compound at the end,
So a little bit, a little bit, a little bit,
a little bit, and you're home free, and your kids
get a college education, and you're not screwing yourself either.
Speaker 1 (09:24):
You're not putting away a ton of money or mortgaging
your house.
Speaker 3 (09:27):
The other reason to start early space now five twenty
nine plan, even if you're talking about like not big bucks,
but just putting a little bit of money in to
get a clock rolling, And that's because of the new
rules about five twenty nine to roth rollovers, because you
can't move money from a five to twenty nine plan
into a roth IRA unless it's existed for at least
fifteen years. And that's just existed, so there's something even
(09:51):
if you drop fifty bucks in there and you don't
put money again in again for years. That's the one
exception to my rule about saving for your own retirement first.
If you're like, listen, I know I'm going to put
more in at some point, but getting that fifteen year
clock going, which would mean starting off that five twenty
nine plan when your kid's super young. That I think
is something that people should take notice of.
Speaker 1 (10:13):
All right, Joel, thanks much.
Speaker 2 (10:15):
Sunday twelve to two here on KFI Social address at
how to money, Joel, And that's on X.
Speaker 1 (10:24):
Don't you use the word Twitter? Do you still use
the word X? I just don't use it at all.
I guess did he just leave? Oh good? Why does
it say on X? I have no idea. Okay, we're done, Joel,
Thank you. Thanks Bill.
Speaker 2 (10:39):
Now, I want to give you a little bit of
handle history here, and this has to do with relating
with Donald Trump. And he has made thirty three significant
moves in twenty three days. These are executive orders which
are going to be in the courts, and I'll go
(10:59):
through the in a moment, But I want to go
back to the days of the Great Depression. When the
Great Depression started and Franklin Roosevelt inherited the Depression in
nineteen thirty two, he immediately started issuing executive orders. As
a matter of fact, he did ninety nine executive orders
(11:21):
in the first one hundred days. No president ever done that,
No president has ever since done that, except for Donald Trump.
Donald Trump is on well he's basically on.
Speaker 1 (11:35):
Line to break that record.
Speaker 2 (11:39):
With Roosevelt, it was dealing with a great depression, all
of it, setting up programs, getting bills passed.
Speaker 1 (11:45):
Fifteen major bills were put in.
Speaker 2 (11:48):
Some of them were declared unconstitutional because there was a
very conservative court.
Speaker 1 (11:54):
Today, it's different.
Speaker 2 (11:55):
Because it's not a well, I guess you can argue
it's a question of pulling us out of a depression
of sorts. Maybe not an economic depression, but certainly a
depression that we feel, the angst that we feel as Americans.
Speaker 1 (12:09):
The border inflation, it's just not the same.
Speaker 2 (12:14):
America doesn't feel as good today as it did during
the Trump presidency. Joe Biden is being given credit for
a lot of went wrong during the last.
Speaker 1 (12:25):
Four years, and it hasn't been particularly pleasant.
Speaker 2 (12:28):
So now incomes Donald Trump to basically straighten out America.
That is precisely what FDR did, except FDR had a
court initially that hated him.
Speaker 1 (12:41):
By the end of his presidency, all nine.
Speaker 2 (12:44):
Of the Supreme Court justices were his because he was.
Speaker 1 (12:49):
In for so long. He was in for twelve years.
Speaker 2 (12:52):
So Donald Trump is on track to pass to by executive.
Speaker 1 (12:58):
Order to have more executive.
Speaker 2 (13:00):
Orders passed or put in front of him, because remember,
executive orders are not is not Congress passing those bills,
and whether he vetoes it or signs it, it is
literally a president sitting at his desk as President Trump does.
And here's the executive orders to the point where whatever
aid is there hand, and.
Speaker 1 (13:22):
This is in front of reporters. I mean, it's really
interesting how he does it.
Speaker 2 (13:26):
The aide says, this is Executive Order number whatever, and
this has to do with stopping illegal immigrants in Brownsville, Texas.
And he signs it, holds it up for everybody to see,
which is kind of neat because I had no idea
what they look like. And there they are Executive Order
declaration by Donald J.
Speaker 1 (13:47):
Trump, the President of the United States.
Speaker 2 (13:49):
He signs it and that really interesting signature that he has,
and then he hands it back and now the executive
order is now law until the courts make it illegal,
which I don't think the Supreme Court is going to do.
So he is and I have said he is the
outlier president. And I don't think there ever been anybody
(14:09):
since I don't think there ever will be anybody in
the future that is going to compare with Donald Trump
in many many ways, good, bad, weird Loopye. I mean,
there's a bunch of words that you can use to
describe by Donald Trump. Okay, So now what I want
to do till the end of the show, the end
(14:32):
of the hour is go through a few of the
major executive orders that he has signed. And here's the
difference between Franklin Roosevelt and Donald Trump. Franklin Roosevelt was
limited in many ways as far as executive orders are concerned.
The power of the presidency since then has exploded.
Speaker 1 (14:57):
The president is so much more power.
Speaker 2 (15:00):
Well, what Congress has literally given up its power and said,
here you go.
Speaker 1 (15:05):
Congress has to declare wards in the Constitution. Now here
you go. You do it, mister president, and we're not
going to get in the way. Okay.
Speaker 2 (15:13):
We finish up with the number of executive orders that
President Trump has signed. And it's only well, he's a
head of FDR who came in in nineteen thirty two
and dealt with the depression. So there are three different
I guess, three different documents that Trump has signed.
Speaker 1 (15:33):
One in executive order, it's a law. Two is a public.
Speaker 2 (15:38):
Statement, which when presidents make everybody pays attention to others
are memos that go to various cabinets and departments and
saying this is what I want you to do. It's
not a question of a law, and that's basically it.
So let me go through a few of them that
we know about. Tariffs on steel and illumine, on all
(16:03):
imports of steel and aluminum.
Speaker 1 (16:05):
To the US.
Speaker 2 (16:06):
That's an executive order taking control of Gaza.
Speaker 1 (16:12):
We want to buy it, we want to own it.
Speaker 2 (16:14):
And they're gonna be it's gonna be a basically Marigaza
is what he wants to do with it.
Speaker 1 (16:21):
Okay, that's a public statement.
Speaker 2 (16:24):
The US AID consolidation, that's not a law.
Speaker 1 (16:28):
That is a memo.
Speaker 2 (16:30):
Now do people follow membos, Yes, But at the same
time there's a difference. The terrace on steel in illumina.
I went through sanctioning the International Criminal Court. International Criminal
Criminal Court issues arrest warrants, for example, against Natanyahu for crimes.
(16:54):
I think they've also done a couple of presidents. US presidents,
we're not part of it because we're tired of it.
We just don't want to hear it. So an executive
order sanctioning the ic C, dealing with the United States.
Speaker 1 (17:08):
Hmmm.
Speaker 2 (17:09):
Uh, banning transgender people from women's school sports. That's a
little controversial, but you know, there's there's a real issue there. Uh,
someone someone who used to be a man, different body
morphology and uh, you know, different skeletal features. Uh. So,
and that's an executive order right there, withdrawing from some
(17:31):
UN programs for example, United Nations Human Rights Council, the
UN Relief and Works Agency, that's an executive order. Tariffs
against China, just against China. Uh, that is on imports
from China. That's an executive order. Tariffs against Mexico, executive order,
(17:54):
tariffs against Canada, executive order using.
Speaker 1 (17:58):
Guantanamo to house my grants. Hmmm.
Speaker 2 (18:02):
That is a memo signing the Lake and Riley Act
illegal aliens coming across the country who commit crimes. States
cannot help them in any way. The driver's license issue
I talked about, that's legislation that he signed restricting medical
treatment for transgender kids.
Speaker 1 (18:22):
Executive order buyouts for the federal workers.
Speaker 2 (18:25):
That's only a memo reinstating discharged service members. Any service
member who was discharged because he or she would not
take the vaccine reinstatement with full pay. So it goes
on and on, and I'll go through a lot of
it because he is at thirty three into twenty three days.
Speaker 1 (18:46):
Okay, we are done.
Speaker 2 (18:48):
Coming up Gary and Shannon and they're going to be
talking about victims of the Eton and Palistates fire. Not
happy with the Feds at all. Also, want to remind you,
I'm taking phone calls Star in just a moment and
marginal legal advice off the air. The number is eight
seven seven five two zero eleven fifty. Eight seven seven
(19:09):
five two zero eleven fifty. Tomorrow, I'm going to try
to be I'm going to try try to time my
frittata baking a little bit closer to coming in and
out of this show.
Speaker 1 (19:21):
Today.
Speaker 2 (19:22):
I was a little late for Tata's took too long
to bake, and I came in here and it just
didn't work out very well. Eight seven seven five two
zero eleven fifty is the number tomorrow again, Amy five
am with wake up Call and the rest of us.
That's Neil and I come aboard for six to nine o'clock.
And of course kno And is out tomorrow too, so Michelle,
(19:45):
who was the executive producer of this show for twenty
six years, Yeah, I know you would be too.
Speaker 1 (19:51):
If you were here for twenty six years.
Speaker 2 (19:53):
This is KFI A M six forty. You've been listening
to the Bill Handle Show. Catch my Show Monday through Friday,
six am to nine am, and anytime on demand on
the iHeartRadio app
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:08):
KFI AM six forty Bill Handle here Thursday morning. I'm
gonna be rained today. It actually is raining right now.
It's going to be a lot harder this afternoon before
we get to Joel a quick word about what we
do tomorrow at eight thirty. It's ask handle Anything, And
that came out of whenever we any of us meet people,
we're always asked, what's Neil like?
Speaker 1 (00:30):
What's John like?
Speaker 2 (00:31):
What is Tim like? You know, is the handle of
real dick like he comes off? And the answer generally
is yes. So what Ann did is said, let's do
ask handle Anything and do that every Friday morning, and
you have to be part of it.
Speaker 1 (00:46):
I can't do it without you.
Speaker 2 (00:48):
And you go to the iHeartRadio app during the show
and click on KFI and you will see a microphone
on the upper right hand corner. You push that or
you click to that, and then you have fifteen seconds.
Ask a question and I'll answer. You know, it's kind
of fun. We've taken what happens right on the air,
and I embarrass myself constantly because I'm pretty honest about it.
(01:10):
So check that out iHeart app KFI microphone in the
upper right hand corner. Now it is time for Joel
large guard. And by the way, Joel, do you really
believe that I'm as much of an ass as I
never mind anyone I know? All right?
Speaker 1 (01:28):
How to money? Yes, Sundays, let me tell you. People
that really know me, Joel, people that really know me also.
Speaker 2 (01:39):
Think I'm an ass twelve to two o'clock every Sunday
right here on KFI.
Speaker 1 (01:44):
All right, Joel.
Speaker 2 (01:45):
An article just came out that I read this morning
about money arguments. How often couples argue a year over money,
And let's talk about that. Who and what kind of arguments?
Speaker 1 (01:59):
Let's go for it, all.
Speaker 3 (02:00):
Right, Yeah, let's do it, especially since tomorrow it's the
day of love. Right, let's talk about the opposite of love,
which is yelling at your spouse or your significant other.
And yeah, there's this new survey and it finds that
most couples are huge segment of couples are uncomfortable talking
about money in their relationship, like at all. It's say, hey,
let's talk about everything else except for money. It's just
(02:21):
still a taboo topic for a lot of couples. And
then On top of that, couples on average fight about
money fifty eight times a year, which means more than
once a week, which is just a lot to fight
about money. And so I get it too, Like I
grew up in a family where there were money arguments,
and my whole goal in life has been like, hey,
I want to not fight about money with my spouse.
(02:42):
So it doesn't mean that it never happens, but fifty
eight times a year sounds steep, And I just think
most people feel still so uncomfortable about how to handle money,
and then they don't know how to talk about mistakes
that they've made or that their spouse is made without
kind of things getting heated. And I don't know that
worries me because we have to be able to talk
about money without like ratcheting up the situation and turning
(03:04):
it to deficon five.
Speaker 2 (03:07):
Okay, Well, typically, what are the arguments spending too much money,
buying things that not necessary? What is a Is there
a hierarchy at all?
Speaker 1 (03:21):
For sure?
Speaker 3 (03:21):
I think definitely spending is one of those things where
you're not communicating specifically about what's being spent and there's
not enough left at the end of the day. It's
a disagreement about how you're spending money, that is, that's
one of those things. Often there's you know, there have
been other studies in the past that talk about money
infidelity and so a spouse maybe hiding an account from
(03:43):
from the other partner, and that when that comes to light,
that creates significant money arguments and a lack of trust.
Which makes sense. And so when you look at the
studies too, couples who combine their finances tend to have
more success with how they communicate about money and then
how happy there they are. There's self reported levels of
happiness are more are higher because they're typically more on
(04:05):
the same page. And there is something about just putting
everything together. And it doesn't mean that you have to
have your spouse sign off on every purchase you make,
but just it creates that transparency level I think in relationship.
So I think that's something that people should think about more.
I get why more couples are not combining finances, especially
as they get together later in their lives, as people
(04:27):
get married later and hey, I already bought a house,
I've already saved the investor for my retirement, and I've
already made all this progress, and now we're getting married
at thirty six, and so yeah, I kind of want
to keep my stuff separate. But the truth is, if
you want your marriage to function and to be healthier,
the more you combine your finance is the better you
can still have. I think those separate accounts for spending,
(04:47):
but I like the idea of the bulk of the
funds being combined together for those bills that you guys
are going to have together as a couple.
Speaker 2 (04:54):
All right, let's go right into five twenty nine savings plans,
which a lot of parents start for their kids for
a college.
Speaker 1 (05:03):
Fund, which I did the day my kids were born.
Speaker 2 (05:07):
Put money in, and now we have a pretty healthy
amount of money for a four year college. Both of
my kids, at best will graduate junior college, where it
costs ten dollars a unit. So I have more money
in there than I know what to do with, except
it's a ten percent penalty on top of on top
(05:28):
of my interests or on top of ordinary income. So
I'm going to keep it for my great grandchildren personal sego.
Speaker 1 (05:34):
Now that's smart.
Speaker 3 (05:35):
That's part of the things you believe in five twenty
nine plant offers.
Speaker 1 (05:38):
Yeah, you can go to grandkids. That's right.
Speaker 2 (05:41):
So my kids are twenty nine, they're not gonna have
kids for a while. So let's say they have kids
at thirty three, thirty four, which makes a.
Speaker 1 (05:48):
Lot of sense. And then so I got another three or.
Speaker 2 (05:50):
Four years plus eighteen years when their kids are born,
So we're looking at twenty two years of growth. So
it's gonna be worth just a ton of money, except
that tuition will be more than a ton of money.
So let me go into the five twenty nine plan.
There's a there's a world to this, and that is parents.
(06:11):
More parents are investing into their five twenty nine with bitcoin.
I mean, do we really want it to be that vault?
Might as well take the money and go to Las
Vegas the five twenty nine plan and put it on
a roulette wheel.
Speaker 1 (06:26):
So no, yeah.
Speaker 3 (06:28):
So interestingly enough, this was there was an article in
Bloomberg kind of talking about this bill, and it's these
parents are actually instead of five twenty nine plans, they're
putting money into bitcoin, and they're saying, I'm not going
to go through the traditional route that's going to offer
me tax satings. Instead, I'm just going to buy more
bitcoin and hope that that goes up at a faster,
(06:49):
faster clip instead of traditional investments, and so they're basically
like given the heisman to a traditional plan that has
worked out well for so many parents, and I like
the five nine plan. I typically caution parents like, hey,
make sure you're saving well for your own future before
you jump into investing and saving for your kids college,
because hey, the retirement, the sum of money you need
(07:10):
for that as much bigger, and there are no scholarships
available for that. But investing in bitcoin for your kids
for your kids future, I think makes very little sense.
I think the basics, getting the basics right, using the
five twenty nine plan the way it was intended, especially
given the greater levels of flexibility that a five to
twenty nine plan offers these days, I think that's a
much better route than going all in on bitcoin.
Speaker 2 (07:33):
Yeah yeah, now I misunderstood. I thought they were putting
their five twenty nine money into bitcoin, which I'm assuming
can be done because you can pretty well parents can
pretty well invest.
Speaker 3 (07:45):
You can look at risk of all the investment options
that your five twenty nine offers, so if you go
into you can actually go to the ScholarShare five to
twenty nine plan website, or you could look on a
website like saving for College dot com and they list
out all of the investment options and the expenses of
those options, and there isn't actually while inside of like
(08:06):
let's say your four O one K or your IRA
or your taxable brokerage account, you can invest in a
bitcoin ETF. Those are not actually available from most of
these five to twenty nine plans. Unders shit, I haven't
seen one that's offering it. So you would think that, oh,
maybe that's readily okayable now, but not inside of five
twenty nine plans.
Speaker 2 (08:24):
Yeah, you would, and you would think that it's and
you think it's only a question of time before it
does become available because even though the people companies, the
service organizations that are accepting bitcoin or is not growing
as quickly as Anticipator or as bitcoin wanted, it's still
growing real quickly. And that is the five twenty nine
(08:47):
savings plan. This is where I'm going to pat myself
on the back and thump my chest.
Speaker 1 (08:53):
Investing in a five to twenty nine plan early early
early days is well, I'm put it this way.
Speaker 2 (09:01):
My five twenty nine plan was fully if think it
was basically done when the kids were eighteen. Now we
are ten years later because I started so early, and
it's like anything else, it's all compound at the end,
So a little bit, a little bit, a little bit,
a little bit, and you're home free, and your kids
get a college education, and you're not screwing yourself either.
Speaker 1 (09:24):
You're not putting away a ton of money or mortgaging
your house.
Speaker 3 (09:27):
The other reason to start early space now five twenty
nine plan, even if you're talking about like not big bucks,
but just putting a little bit of money in to
get a clock rolling, And that's because of the new
rules about five twenty nine to roth rollovers, because you
can't move money from a five to twenty nine plan
into a roth IRA unless it's existed for at least
fifteen years. And that's just existed, so there's something even
(09:51):
if you drop fifty bucks in there and you don't
put money again in again for years. That's the one
exception to my rule about saving for your own retirement first.
If you're like, listen, I know I'm going to put
more in at some point, but getting that fifteen year
clock going, which would mean starting off that five twenty
nine plan when your kid's super young. That I think
is something that people should take notice of.
Speaker 1 (10:13):
All right, Joel, thanks much.
Speaker 2 (10:15):
Sunday twelve to two here on KFI Social address at
how to money, Joel, And that's on X.
Speaker 1 (10:24):
Don't you use the word Twitter? Do you still use
the word X? I just don't use it at all.
I guess did he just leave? Oh good? Why does
it say on X? I have no idea. Okay, we're done, Joel,
Thank you. Thanks Bill.
Speaker 2 (10:39):
Now, I want to give you a little bit of
handle history here, and this has to do with relating
with Donald Trump. And he has made thirty three significant
moves in twenty three days. These are executive orders which
are going to be in the courts, and I'll go
(10:59):
through the in a moment, But I want to go
back to the days of the Great Depression. When the
Great Depression started and Franklin Roosevelt inherited the Depression in
nineteen thirty two, he immediately started issuing executive orders. As
a matter of fact, he did ninety nine executive orders
(11:21):
in the first one hundred days. No president ever done that,
No president has ever since done that, except for Donald Trump.
Donald Trump is on well he's basically on.
Speaker 1 (11:35):
Line to break that record.
Speaker 2 (11:39):
With Roosevelt, it was dealing with a great depression, all
of it, setting up programs, getting bills passed.
Speaker 1 (11:45):
Fifteen major bills were put in.
Speaker 2 (11:48):
Some of them were declared unconstitutional because there was a
very conservative court.
Speaker 1 (11:54):
Today, it's different.
Speaker 2 (11:55):
Because it's not a well, I guess you can argue
it's a question of pulling us out of a depression
of sorts. Maybe not an economic depression, but certainly a
depression that we feel, the angst that we feel as Americans.
Speaker 1 (12:09):
The border inflation, it's just not the same.
Speaker 2 (12:14):
America doesn't feel as good today as it did during
the Trump presidency. Joe Biden is being given credit for
a lot of went wrong during the last.
Speaker 1 (12:25):
Four years, and it hasn't been particularly pleasant.
Speaker 2 (12:28):
So now incomes Donald Trump to basically straighten out America.
That is precisely what FDR did, except FDR had a
court initially that hated him.
Speaker 1 (12:41):
By the end of his presidency, all nine.
Speaker 2 (12:44):
Of the Supreme Court justices were his because he was.
Speaker 1 (12:49):
In for so long. He was in for twelve years.
Speaker 2 (12:52):
So Donald Trump is on track to pass to by executive.
Speaker 1 (12:58):
Order to have more executive.
Speaker 2 (13:00):
Orders passed or put in front of him, because remember,
executive orders are not is not Congress passing those bills,
and whether he vetoes it or signs it, it is
literally a president sitting at his desk as President Trump does.
And here's the executive orders to the point where whatever
aid is there hand, and.
Speaker 1 (13:22):
This is in front of reporters. I mean, it's really
interesting how he does it.
Speaker 2 (13:26):
The aide says, this is Executive Order number whatever, and
this has to do with stopping illegal immigrants in Brownsville, Texas.
And he signs it, holds it up for everybody to see,
which is kind of neat because I had no idea
what they look like. And there they are Executive Order
declaration by Donald J.
Speaker 1 (13:47):
Trump, the President of the United States.
Speaker 2 (13:49):
He signs it and that really interesting signature that he has,
and then he hands it back and now the executive
order is now law until the courts make it illegal,
which I don't think the Supreme Court is going to do.
So he is and I have said he is the
outlier president. And I don't think there ever been anybody
(14:09):
since I don't think there ever will be anybody in
the future that is going to compare with Donald Trump
in many many ways, good, bad, weird Loopye. I mean,
there's a bunch of words that you can use to
describe by Donald Trump. Okay, So now what I want
to do till the end of the show, the end
(14:32):
of the hour is go through a few of the
major executive orders that he has signed. And here's the
difference between Franklin Roosevelt and Donald Trump. Franklin Roosevelt was
limited in many ways as far as executive orders are concerned.
The power of the presidency since then has exploded.
Speaker 1 (14:57):
The president is so much more power.
Speaker 2 (15:00):
Well, what Congress has literally given up its power and said,
here you go.
Speaker 1 (15:05):
Congress has to declare wards in the Constitution. Now here
you go. You do it, mister president, and we're not
going to get in the way. Okay.
Speaker 2 (15:13):
We finish up with the number of executive orders that
President Trump has signed. And it's only well, he's a
head of FDR who came in in nineteen thirty two
and dealt with the depression. So there are three different
I guess, three different documents that Trump has signed.
Speaker 1 (15:33):
One in executive order, it's a law. Two is a public.
Speaker 2 (15:38):
Statement, which when presidents make everybody pays attention to others
are memos that go to various cabinets and departments and
saying this is what I want you to do. It's
not a question of a law, and that's basically it.
So let me go through a few of them that
we know about. Tariffs on steel and illumine, on all
(16:03):
imports of steel and aluminum.
Speaker 1 (16:05):
To the US.
Speaker 2 (16:06):
That's an executive order taking control of Gaza.
Speaker 1 (16:12):
We want to buy it, we want to own it.
Speaker 2 (16:14):
And they're gonna be it's gonna be a basically Marigaza
is what he wants to do with it.
Speaker 1 (16:21):
Okay, that's a public statement.
Speaker 2 (16:24):
The US AID consolidation, that's not a law.
Speaker 1 (16:28):
That is a memo.
Speaker 2 (16:30):
Now do people follow membos, Yes, But at the same
time there's a difference. The terrace on steel in illumina.
I went through sanctioning the International Criminal Court. International Criminal
Criminal Court issues arrest warrants, for example, against Natanyahu for crimes.
(16:54):
I think they've also done a couple of presidents. US presidents,
we're not part of it because we're tired of it.
We just don't want to hear it. So an executive
order sanctioning the ic C, dealing with the United States.
Speaker 1 (17:08):
Hmmm.
Speaker 2 (17:09):
Uh, banning transgender people from women's school sports. That's a
little controversial, but you know, there's there's a real issue there. Uh,
someone someone who used to be a man, different body
morphology and uh, you know, different skeletal features. Uh. So,
and that's an executive order right there, withdrawing from some
(17:31):
UN programs for example, United Nations Human Rights Council, the
UN Relief and Works Agency, that's an executive order. Tariffs
against China, just against China. Uh, that is on imports
from China. That's an executive order. Tariffs against Mexico, executive order,
(17:54):
tariffs against Canada, executive order using.
Speaker 1 (17:58):
Guantanamo to house my grants. Hmmm.
Speaker 2 (18:02):
That is a memo signing the Lake and Riley Act
illegal aliens coming across the country who commit crimes. States
cannot help them in any way. The driver's license issue
I talked about, that's legislation that he signed restricting medical
treatment for transgender kids.
Speaker 1 (18:22):
Executive order buyouts for the federal workers.
Speaker 2 (18:25):
That's only a memo reinstating discharged service members. Any service
member who was discharged because he or she would not
take the vaccine reinstatement with full pay. So it goes
on and on, and I'll go through a lot of
it because he is at thirty three into twenty three days.
Speaker 1 (18:46):
Okay, we are done.
Speaker 2 (18:48):
Coming up Gary and Shannon and they're going to be
talking about victims of the Eton and Palistates fire. Not
happy with the Feds at all. Also, want to remind you,
I'm taking phone calls Star in just a moment and
marginal legal advice off the air. The number is eight
seven seven five two zero eleven fifty. Eight seven seven
(19:09):
five two zero eleven fifty. Tomorrow, I'm going to try
to be I'm going to try try to time my
frittata baking a little bit closer to coming in and
out of this show.
Speaker 1 (19:21):
Today.
Speaker 2 (19:22):
I was a little late for Tata's took too long
to bake, and I came in here and it just
didn't work out very well. Eight seven seven five two
zero eleven fifty is the number tomorrow again, Amy five
am with wake up Call and the rest of us.
That's Neil and I come aboard for six to nine o'clock.
And of course kno And is out tomorrow too, so Michelle,
(19:45):
who was the executive producer of this show for twenty
six years, Yeah, I know you would be too.
Speaker 1 (19:51):
If you were here for twenty six years.
Speaker 2 (19:53):
This is KFI A M six forty. You've been listening
to the Bill Handle Show. Catch my Show Monday through Friday,
six am to nine am, and anytime on demand on
the iHeartRadio app
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