July 24, 2024 • 33 mins
Fresh off our dodging of the flying, venomous spidernado that was in the forecast for New Jersey we talk with Michelle Bennett of Newport Capital Group about her golf addiction as well as education and resources her company provides to help people with financial planning and investment.
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Episode Transcript
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(00:16):
Hi. Welcome to Plan in New Jersey.
We are the official podcast business podcast of
the Mj bi.
The largest
statewide
association in the nation.
With me as always, my partners in crime,
Denis Si and Randy Stevens,
And joining us today is our special guest
star, Michelle Bennett, C founder of the Newport
(00:37):
Capital Group. Thank you, Michelle so much for
joining us today we're thrilled to have you.
Thank you.
Thank you. Thanks for Randy. Thanks, buddy. I'm
excited to be here today. All we're excited
to have you.
So let's... Dig into our ice breaker brought
to us today by many even and give
us our ice breaker today. Sure. Sure. So
I was just reading.
In the Philadelphia inquire. Now by the time
(00:59):
this comes out, this might be obvious, but
we were supposed to have these giant Venom
spiders that could fly
to descend upon New Jersey. I have just
heard that we have dodged that bullet that
it might not have actually been
like, might have been a little drawn on
out of proportion, like,
there may be a spider.
(01:20):
But they kinda made it sound like we
were gonna have these Sake, like,
you know, like, a swarm of flying Venom
spiders that we're gonna descend upon New York
and New Jersey. Thankfully, that's not gonna happen.
But I wanted to see, like, what everybody's
thoughts are on a insects in general, especially
the flying venom is sweater variety.
(01:40):
No. I didn't the hysteria was definitely booming.
I started seeing it online too. Like, I
probably for a couple days now. Right? Like,
what's next? Right?
We don't dodge too much. So I like
the way that you intro that video. It's
so far. Yeah. I
after this, the only thing left was to
have, like, flying Chu cameras. Something.
Maybe if we could have, like, wolverine that
fly, that would have been the next thing
(02:02):
for New Jersey after this,
goes to rights and it goes right to
Chu cobra. Okay.
You know what else we dodged. Do you
remember during the pandemic? Like we were supposed
to have these murder hornets? That we're gonna
take over the Yeah. No Yes. They were
describing the the excruciating pain of getting stung
by 1 of these things and I don't
(02:22):
know. It... I remember they caught 1 of
them, and then it just... You know, that
was the last I heard of it.
Well, they are a terrified. I... Well we
were in Arizona, there was something called a
tarantula loss.
And this guy was told me that the
tarantula wasp lands on a tarantula,
and
implants it with its eggs and the eggs
(02:43):
are hatch and then eat the tarantula on
the inside out. Oh, where let's do that
too.
Okay okay? Yeah. Hornets the as a matter
of fact, hornets prefer to lay their eggs
and tarantulas is. Which makes me wonder how
many tarantulas are there ratio
to hornets in the world... Because there's a
lot of hornets like,
Sorry. They're here for the syringe. Like, the
(03:05):
tarantula is terrifying,
but then you're like, the port ranch is
that just scary Logan's doing stuff bother anybody
that, you know, but your item and that's
just seems... I don't wanna take a side
in this battle because I hate both flying
stinging insects and tarantulas.
Equally. Yeah
Get off.
See order to be and fly inspires are
(03:26):
probably 1 of my
here's low key... Just the webs alone just
freak me out Like, I mean, just takes
something going on. Yeah. Yeah. What's going on?
You no. III
don't think this would have impacted me that
much because I'm I'm definitely an indoors z
type. But
I don't know. Casey Randy Michelle, indoors y
outdoors.
(03:47):
Definitely indoors dorothy for me. Yeah.
So we would have been okay 1 way
or the other.
Oh, yeah. No. I would I had... When
I... When I heard about that tarantula loss,
but we were hiking in Arizona, 1 landed
on my hand.
And, of course, it's not gonna... But they
they leave these terrible stings, and my husband
mark is like, don't
(04:08):
move.
Standing that's still. It flew away, but was
terrifying. Terrifying double it. Like, how you not
move. You almost like wanna freak out. Your
hard to start planning. Yeah. Like, u.
I think Got to the whoever, like I
was too afraid to scream where I was
just, like, frozen.
Your They have these things in Australia called
(04:29):
bird eating spiders. I don't know if you
ever heard of those, but they... The name
is exactly what you would think. They eat
birds. Like, and they... They they're they're sort
like por coupons, they have these, like, little
razor things. But instead of just like sticking
you when you touch it. They can projectile
dial them out,
Australia is crazy.
(04:50):
Level. Yeah.
Although
You gotta go back to Casey with the
don't move because my mind instantly flashed back
to home alone when a the spider fell
on the fixed a little car.
Well great.
I was watching this video they did. I
it was like a myth busters kind of
thing on whether or not they could have
survived that movie. And that was 1 of
(05:12):
the things where they were like, ins immediately,
like cracked ribs at least. Like.
And just 1 of the things. Yeah.
No. They do spoiler alert, they definitely would
not have survived either 1 of those films.
Last. That
Do the favorite favorite Christmas with movie. But,
(05:33):
alright. So let's let's dig in. Let's get
let's get to our special guest store.
Michelle Bennett, Benny, why you start us off.
Sure. So I I heard that you're into
golf. We actually
I I played my first game a golf,
like, not, like, I don't know a couple
weeks ago at this point. I couldn't tell
you the exact date. We went out as
a a team building thing, Casey and I
were on the same for some.
(05:54):
And she got to
she got to experience my first time.
I heard you get some good shots out
there, Vin. I don't know. Know what Gonna
give I'm gonna give credit where credit as
due, our marketing chief fin sc. We we
got there early because I thought it started,
you know, half an hour earlier than it
really did.
And he pulled me aside. He showed me
the right way to hold it. And we
(06:15):
went golfing last year as, like we did
a driving thing. At top golf or whatever.
And I couldn't hit it, like, 3 feet
in front of me. And then he showed
me how to hold it. And suddenly, I'm,
like, belt them over the fence.
Really dead. You are you are a natural.
You are a golfer. You need to get
out there. I just can't put it.
(06:36):
That's everybody. Wow. That's.
Like, that's this that's everybody. Doesn't matter how
long you're playing. Like, pot is so hard.
Short game in general is so hard. See,
I would've have thought that's all I've done
all my life with the miniature golf and
everything. But with the the thing that, like,
I've gotten used to. They're the little wooden
surroundings that they have in mini Golf that
you can shade things off of. Like it
(06:57):
would always be like, alright, off that, nothing
but net. And now you can't do that.
Like, it's just You know, it's just mer.
You tap the thing a little too hard,
and it's like 50 feet that way now.
Yeah.
Well, I'd like to... You were driving a
golf cart at maximum speed. Yeah. I I'm
actually, like, driving a golf cart like an
unsupervised 9 year old is actually 1 of
(07:18):
my favorite things in this world.
I think you and a lot of people.
Yeah. But tell me about your golf game.
What do you like to do?
So I love Golf. I'm addicted. I'd probably
been doing it for about 4 or 5
years now. Which is not exactly a great
hobby for an indoors type. But you probably
figured that out or... Ready. I figured that
out. Yes. And I like to do it
(07:39):
first thing in the morning when it's still
cool, not hot, not 11 nuts and bugs.
Mh.
But I absolutely love it. It's... I have,
like, a love hate relationship with the game.
I always have a couple shots that bring
me back, but then I have those shots
that make me wanna sell my clubs that
never play again. Sure.
It's probably the most frustrating thing you can
do, or as far as a sport leg
(08:01):
off.
Now do you... Do you let go around
to, like, nice courses and everything? Like, like,
if you... If I were to ask, like,
what the coolest course you've been on? Or
you can tell me like, you were in
Scotland somewhere? Or something like that?
I have not been to Scotland, but I
am like, American guest when it comes to
going to fantastic courses.
So... Yes. I've been extremely fortunate to play
(08:21):
in a lot of great places. What would
you say your favorite was?
My favorite,
that's a really good question.
I said... Probably is the most beautiful course
I've played.
That's hard. There's a course called Ever glad
and Palm Beach Florida that I absolutely love,
(08:42):
and it's, like, right off of, like, we're
ave, like, shopping as you won't even know
it's behind all that, and it's really, really
great and spectacular.
So that was fantastic.
Popping But I've also played a great... Some
great courses in California that are absolutely beautiful.
It's really hard to pick a perfect 1
because they're all unique and different. And
(09:03):
it's wild or some of these golf courses
are the locations.
I mean, I gotta tell you, it was
super tired. We just did 9, and it
was... Super tiring. Like, do you do the...
Finished 9. We're 1 of the only groups
that finished
We did. And I I was doing that
on a broken toe, and I went I...
We were still in. It was funny because
I was like, alright. We're done We're done,
and they they're like, no. Let's just do
(09:24):
1 more. Let's do more? I can drink.
Yeah. No. It's fun is frustrating, shall I
started playing about 3 years ago of myself.
And I... For Mother's day. I said, what
do you wanna to do? I said I
wanna go golfing.
And so we played in how many hill,
which is really unforgiving is really long. And
I like when the women's tees are really
far up, and the women's seat is just,
(09:45):
like, a couple feet up. And halfway through.
I'm, like, why would I take this To
do all others day
is so frustrating.
Not having any fun.
Oh, yeah. It goes bag forth. Then you
had your great job. You're like, I love
this game. Yeah. Always sound like, the 18
tall.
Pom many is great though. Mammoth County has
some really beautiful public courses that you can
(10:05):
go to. So we're fortunate to.
Totally here. Best mom and many park so...
New park system does a beautiful job. Yeah.
They really do.
Alright, Casey. I'm gonna kick it to you
for the next part of this.
Alright. Excellent. So
so... Michelle, us a little bit about your
kind your professional journey. I mean, how did
you get to
(10:26):
C... Being a c founder of the new
board Capital group. Like, what what led you
to this? Sure. So,
in college, I started at... Barney I need
an internship, so that's where I, was lucky
enough to get an internship.
After school, they hired me full time, and
I was working on at Team in the
Wealth management department as an analyst.
So I had about 5 years experience at
(10:49):
that point and Dominic Deep hero, the president
of Newport Capital Group who is a great
friend.
Sister has been 1 of my very good
friends for a very long time.
Ted contact me and said, listen,
they've always had a family office, a single
family office, and he said, I'm thinking about
taking on public money. I know you've been
doing this for time now in New York,
(11:10):
but you're probably tired of commuting.
Wanna open up an office in Red Bank.
And was wondering if you were interested in
joining me because you have the experience with
taking public assets.
So we met at a Starbucks in Middle
town,
talked it through and decided sure why not?
So I left Smith Barney, and we started
(11:30):
a newport Capital group, and I haven't looked
back. It's in the best decision I made.
And Red banks such a great spot. You.
Right Really
downtown Red Bank is... We're right on Broad
street in Downtown Red Bank. So we're super
lucky.
Yeah. And it's a perfect spot. What... Or
what do you love about what you do?
I think...
What I love most about what I do
(11:52):
is helping others. So I've always had a
passion for helping others and guiding people.
And in working at Newport and working with
individuals and families and corporations where we're able
to touch a lot of different employees.
Through the retirement plans that we that we
work with and Felt.
(12:12):
We're able to
guide individuals,
and provide,
provide folks with the ability to retire,
educate them
and
gives them the ability to achieve objectives and
goals that they have that they may need
some help with. So it's really about helping
others it's really what it comes down to.
(12:32):
And that is is enormously
important because a lot of us didn't grow
up,
was speaking of myself and my background, knowing
how to do any of that. You know,
I have family mess better,
engineers or maybe didn't even same for retirement.
So as a younger person, I was never
told, you know, you should... You take this
04:01 k seriously and where you can put
(12:53):
your money. So I think a lot of
people do need direction in that arena,
myself included. So help others, Perfect segue.
I just have to hear more about the
good scout reward. You just tell me about
how you got the good scout or.
Sure. So as I mentioned, just my commitment
to helping others and guiding others has been
a passion of mine professionally and personally.
(13:15):
So I'd try to get involved within the
community as much as I can, whether it's
through volunteering on a board or helping different
organizations and volunteering my time.
And
by doing that, I'm able to affiliate myself
with,
different,
organizations that help others that are passionate to
me that I love that are near and
(13:37):
dear,
some being affiliated with veterans, my dad with
of it vietnam veteran and marine, others with
helping others a great organization here.
In Middle town calling no limits cafe, see
where they help folks with intellectual disabilities,
prepare for jobs and life and things like
that. So just being involved in the community
and helping
(13:58):
different
organizations,
really,
I think was a catalyst for why it
was nominated to receive the award,
here at Newport, we're all motivated by helping
others, and we encourage
to volunteer and to be philanthropic.
So it's something that we do here. It's
second nature to us as we don't even
think twice about it. We all do it
(14:18):
here. I just puts fortunate enough. To receive
the award for for my services that I
provide to the community. Well that's just so
that's so cool. I mean Was a a
girl scout leader for a number of years,
and it's just fantastic.
Ray, you wanna take it from here?
We'll do. We'll do.
Thank you again for being with us. So
(14:39):
I think Great to talk about, to have
a financial services, so, know, plan an executive
with us today. I think it don't be
fair to kinda let our fans know a
little bit about.
For this year responsibility, right? Something you kinda
hear correlated it with that industry. So, like...
So to tell our fans a little bit
about what what that is what it entails
and how you guys have pulled that new
board if you don't hunt.
Sure. No problem. So
(14:59):
as far as producer fiduciary responsibility as it
relates to
corporations and
the offerings that they provide to their employees
as far as retirement plans.
We service can consultants to corporations that are
offering, whether it's of 04:01 k or through
b defined benefit, non qualified plan,
whatever it may be, we serve as a
(15:21):
consultant to the committee that's 3 responsible
for making the decisions for the retirement plan
that's provided to their employees.
With that, they're the fiduciary responsibility. There's
requirements that you have to meet under the
guidelines of Ari, there's different regulation.
So we've created a process
where,
(15:41):
we
manage the risk associated
with that offering to your participant.
And
we've built a process around that that we
work with the... Our committees and clients that
we work with to help manage that. We're
always staying on top of a different regulation
and legislation because it's always changing or rest
(16:01):
was always evolving.
There's... As, you know, I'm sure you've heard
secure 2. It's been in front of Congress
for a couple of years now.
There's a lot to digest. So that's an
example of how we work with our clients.
So we have
a new regulation that's coming out. There's some
mandatory
requirements
associated with it, but there was also up
(16:22):
optional. So just working with folks to go
through what those optional requirements are and what
would be best for their participants
based on their demographics,
So we get involved in those types of
of different decisions that are being made.
We provide
education to committee members as well.
To ensure that they are familiar with what
(16:42):
their responsibility is as a fiduciary.
And
we really help provide governance around that responsibility
to ensure that there's protection there.
Awesome. Awesome. Great or 2. And you know
what that actually... Perfect segue into our next
question. Right? New Jersey Troy Sac or 2.
We've been hearing about it for a couple
years you just mentioned it as well.
(17:03):
Just tell the audience a little bit about
that and what's changing, I guess, from before
this rolls out, if it's not already in
place and how things were a prior, what
what was available to to... Different, potential customers
or relationships prior.
Sure. So as I mentioned, some of the
mandatory requirements. They... Said when secure 2 came
out,
it wasn't quite clear about what was going
(17:25):
to be required, not required. There's... Still kinda
working through the details.
So they have released
the dates that are associated with the requirements.
So now there is... Now you have some
guidance as far as when you have to
have certain,
different
requirements in place for the participants.
(17:45):
And they've also
released what is
optional for folks. So now you have the
ability to kinda walk through what those options
are,
and whether or not you should be providing
those to your participants or if they would
benefit from them. So I think from start...
From when it started to where it is
now, there's just much more guidance. There's is
(18:06):
out still a lot of detail and it's
a lot of information.
So we've worked really hard on trying to
provide kinda like AA2 0,
user guide for our our clients really simplify
and. And help them understand what it all
mean.
Actually. A quick question if I could jump
in. So
I'm assuming your clients are the employer side.
(18:27):
Right? Not necessarily the participants?
That's correct. So our client is the employer.
We meet with the committee.
To help with the benefit of they're providing
to the participants and employees. Right. So my...
I guess, I don't know if my question
was gonna be... So I entered the workforce
around the time that the housing collapse happened
(18:48):
in, like, 2008, 2009 in there. And I
remember so many of my older,
coworkers
were just completely screwed out of retirement at
that point, and they told me, like, understand
this stuff.
Understand this stuff as early as you can?
Speaking of just like education and whatnot. Do
you have any advice you know, for how
(19:09):
people could really, like, understand. I don't know
if you guys provided
education on the participant level or or anything
like that. But just to help people,
Sure. So, yeah. It... It's so important for
anyone to understand,
obviously, investing the importance the retirement plan and
what it means to.
We do provide education to participants in the
(19:30):
form of group meetings or individual sessions. But
we also
We work with the,
plan record keeper, the plan provider because they
also have fantastic tools for education for participants.
So we work together to build out an
education campaign and an education calendar
so that
we are meeting with your participants talking about
(19:51):
different topics, not just related to the retirement
plan that they understand the benefit that they're
receiving from their employer, but also
incorporating other topics, because as you mentioned different
and earlier Casey, A lot of folks don't
know or don't have the ability to speak
to someone about
financial wellness.
So we incorporate a lot of other topics
that we feel and from feedback we've gotten
(20:14):
that
employees and participants
are need help with. They're asking questions like
paying off credit card debt, student loans, buying
your first home.
Different things like that. So we try to
really build out a full financial wellness program
for the employees, so that we can really
empower them to make decisions by providing them
(20:34):
with information,
and the technology that they need to do
so,
How can people access it?
So people... Like, our our our clients can
access it through, obviously
Newport, but they can also access that they're
the record keeper. A lot of these record
keepers have really fantastic website with really great
tools where you can do some financial planning
(20:57):
that And
with that financial planning, you can incorporate outside
assets too, not just assets within the within
the company where you're participating. But you include
the a significant others, assets
as other savings you may have. We also
have the tools to do that as well,
but participants aren't always engaging with us. So
really making sure that they understand that they
(21:17):
have the tools and the resources through the
record people and through Newport Capital Group.
And I get 1 more put 1 more
question before Read. Yeah. I didn't wanna kill
you off entirely. I just... I
she was talking about the education, and it
made me think. And I would forgot if
I held him you. I'm glad you did
because it actually 1 of my questions, then
so I appreciate it. And and and, you
know, Michelle too. I I owned. The real
(21:40):
estate license a little bit of time and
I tell folks all the time, like, especially
person home hardwired Right? There's a lot of
sharks in the industry. Anytime you're involved, but
like financial services and, you know, big money
opportunities. Right? Like there's a lot of sharks,
people who don't have their best interest of
heart. I think 1 of the things that
you've said already that kind of
distinguish distinguishes, Newport Capital and are probably a
lot of the other firms and and and
organizations out there is the fact that you
(22:00):
guys care about helping people. That's, you know,
probably your premise and and doing it all.
Is there anything else in addition to that
that would distinguish newport capital from a lot
of the other,
you know, folks that may be in the
industry in that field. So Sure. So
like you said, there's a lot of sharks
out there. A lot of folks that do
what we do
will try... To sell ancillary products to,
(22:21):
to participants and employees, which may not be
in their best interest. I mean, they have
put a lot of rules around the Share
role in what you can and can't do,
but still that doesn't mean that people aren't
doing it. So you have to be really
careful about that.
In addition, we're agnostic as to who
what record people were use, what investments we
use, we have no affiliation or relationship with
(22:43):
anybody. So
we keep the participant and the employee,
their best interest is our first and foremost
thought. So we just really wanna make sure
that we're providing them with a a world
class retirement plan with the best options possible
for a very reasonable cost and providing them
with the education that they need
to help them build out an asset, like,
(23:04):
asset allocation plan.
I think what also sets Newport apart is
our people
So
the folks here, we have, a fantastic team
with really great qualifications.
And
we're always staying at the forefront of regulation
of legislation by,
(23:25):
attending webinar going to seminars.
And,
it's really important to us here that we're
always doing our continuing education and just staying
at the forefront of all those different things.
Besides,
that, I think the most important thing that
sets newport Capital Group part tying back into
the people is our culture.
We have an amazing culture here, and that
(23:46):
is the most of important thing,
to us, it's really important, and
we're a family. We're very close knit here.
We have an open environment are very collaborative.
And
I really feel like our clients that feel
that 1 they're working with us. They get
the same type of service and they get
that feeling from us. It is a family
(24:06):
and that they they feel like they're a
part of our family. So I really do
feel like that's sets of apart. Tell us
how would someone, you know, the easiest way
the best way for someone to get in
touch with you or another member of. Team
at newport Capital group. Sure. So
I can be email. My email address is
and benefit at newport capital group dot com.
We have our website, newport capital group dot
com or on Linkedin,
(24:27):
or anyone can also call the office. I'm
happy to take any calls answer any questions.
The And for the sake of the email,
is that double n double t? Double n
double t. Awesome.
Go pick up their event.
That's what I'm here for. It's appreciating the
audio only audience that can't see your name
on the bottom of the screen.
(24:48):
Casey. Just before I throw back to you
Right? So we're playing in new Jersey, I
like the way vin introduces 1 time is
like where all things down the garden of
State Park. Way. So you guys being located
in downtown Red Bay. I I don't had
down outside of a few different restaurants. I'm
I can't let you off the hook until
you tell us you're way Pop Eater in
the in the area location where you guys
are. Share it with all audience.
Sure.
So my favorite restaurant in Red Bank is
(25:10):
Bi rubin.
Oh, yes. The old basal cheese. The old
basal cheese. It is fabulous. Yes.
As I as I note that here for
the next time I'm in the air so
When you're in the area, let me know.
I'll meet you for lunch.
Awesome. Awesome that is perfect. And is in
beautiful, I used to... Back in the day,
At waitress at a restaurant on West Front
(25:31):
Street called the T.
But used to be there for a long
time. You know. Right? Make sure
Michael and Val Owned it. They were fabulous
fabulous people. So... Yeah. I worked quite a
while.
I tried to make an annual pilgrimage to
Red bank for Jane, Bob Secret stash and
to see, like, various movies that they put
(25:52):
on in their local.
So... Yeah.
I'll check that out next time town. Yeah
great load it here.
So And and, yeah. And then Red bank
is a lot. You know, III say that
sometimes sense. We're I'm in Ask park, and
you know, you kinda stay in your in
your bubble, but Red Bank has
(26:12):
has the 2 river theater, which is fabulous.
Everybody knows the Count Bass and 2 is
an equity theater. It's amazing. And the count
base now the Bog. So there's that little
town. There's, like, a lot happening. That's just
restaurants restaurant some fabulous theater tail. Yeah. They
have really often... Some great venues there. They've
had some really fantastic focus come through.
(26:32):
No. Absolutely. It's a it's a it's a
great spot to be,
and super centrally located.
So
thank you so much. Thank you so much
for for, giving everybody
a peek into Newport Capital Group. It's just
right. It's great for our members to Know
about and, we're wonderful chatting with you.
So are you ready
(26:52):
for the game show yeah. Play 1 your.
I think so. I mean, am I able,
like, phone a friend or anything or is
this is, like,
I don't know about my trivia, so. That'll
be
trailers.
I'm a little nervous.
Good Fairly damn. Alright. This is... There's where
you're gonna be true or false answers. Alright?
So hold up on the screen, so we
(27:13):
can see your true or your false after
I, ask the questions and you, of course,
have the opportunity to win
fabulous prizes
from me and Jb.
So buckle up. So here we go. Hold
on. Time out. Do we know who's leading
this game show by the who's the winner
this at all? Oh, I'll I'll tally it
up. Okay. So I think it's... Actually, this
(27:34):
is the first episode we are recording since
we technically went live.
Everything else has just been, like, free. I
just practice routes? They were not practice rounds.
But I'm not saying, like, we haven't had
enough. You know, like, now I'm actually gonna
go through and tally it all up. I'm
all not the free lunches, man. Let's do
that. Let's go
We're... All pretty neck and neck at the
(27:55):
moment. You know, like, I don't think anybody's
like, way out in front.
Pretty conservative over your time right? Actually this
cut the road... I'm not sure I can
handle it.
I don't watch out.
Alright. Here we go Be.
So sea otter, sea otter have a favorite
rock they use to break open food. Sea
(28:17):
otter have 1 special rock that they keep,
and they use that special rock to use
to break open their food. Is that true
or false? Right? Down your answer and to
hold it up. Happened to my Steve and
days, I think I knew this.
Can you say?
Let's say. I've got
Oh, okay. Isaiah got 2 true and a
(28:37):
false. Oh, I'm thinking I'm wrong there then.
It's true.
Just figure them. But once Randy said it's
steve urban dave, I was like, I don't
know. I think I picked the answer. All
about discovery channel, Michelle.
They they do. They keep their special rock,
which if you get. They... I don't where
(28:59):
they keep it in their pocket or something,
but, yeah, They keep their stuff in No.
I didn't even know that for sure that
just felt so definitively like Sea otter. Is
like, that's just so like them. Like I
just I thought to myself. Where would they
possibly...
Keep their rock. So That's impossible because they
would lose their rock. Yeah. Be exactly sure
weird where they keep there. Keep their fan
(29:19):
back.
I was watching this thing on, like, these...
I think it was the puffer fish or
something. And or the Japanese puffer fish, I
think. And what they do is fish. Yeah.
Like, in order to, like, get a mate
or, like, you know, attract a mate, they
make this, like, magnificent
piece of art in the sand. I then...
(29:40):
And then, like, another 1 will come by
and see it and be like, oh, that's
pretty cool. This guy's gotta know japanese tougher.
Versus the. I've got.
That... That's what they said. Like, I don't
know. I'm I'm sure the American ones will
do it too. But, you know, Like yeah.
And I'm just like... That what that proves
to me is that fish can appreciate art
or beauty. You know, and that's not something
I had considered before. So Right? Some somebody
(30:02):
be like, like, you know, that's that's a
pedestrian piece of sand art. I'm not done
so
You imagine if you just stepping it, like,
when you're in the water and... Was a
wilder. That's cloud. There are not tougher for
r case.
All this work and you step on it.
Alright. So here we go. Question number 2.
Sure
and ant can lift a thousand times its
(30:23):
body weight.
So at answer... What the team a it
adds, Sarah. And where we going? When ed
an individual ant,
Ken an individual land can lift 1000
times, it's body weight. She said to away
from golf Michelle. So you're you're out... You
might be out of this 1.
So
I'm gonna put false only because I think
(30:44):
it might not be that exact number. I
know they can lift a lot. I think
it might be like, a hundred times their
way. I I don't know. I could be
wrong. I'm probably where we
What do will you have tears yours? I
went t for true.
You ux t for true.
It is... Well they... It is false because
they can lift 5000
times their body right? Yeah. I knew. I
I was it's gonna be off like that.
(31:05):
Michelle. What is your care michelle? I I
fit through what obviously, was wrong. I see
I gotta going on today with 2... Love
for 2 right now.
Alright. You dollar the last 1,
and Octopus has 7 hearts.
Sure false.
Right. This the sure I something.
(31:27):
I'll go first. And you guys answer the
opposite.
What what are the false. We'll stick with
the majority day.
What do you have been? I wrote a
false. But us,
Alright. It's 3 way tie because it is
false. They have 3 hearts.
Seemed excessive. I was like, what would you
(31:48):
even do with 7 or... They're not even
like, that big.
Feel a lot love. Been a lot of
love to go around in the ocean. Yeah.
Well So ben you in our
overall
game, but, Michelle, thank you for playing. You
win a 10 dollar gift card to walmart.
Thank you. I love W, and I love
W coffee, so that's fantastic. Thanks. That's what.
(32:09):
And they got a sponsor in any anyway.
We just appreciate W. We we do have
a sponsor case. Who is it? Yeah, thank
you very much, Randy. Was getting to that,
our sponsor, official sponsor for planet New Jersey
Podcast. Yeah. Is N mj insurance
rides homeowners, renters, and business insurance, new, jingle
or mascot, just great insurance. So check out.
(32:30):
We'd give you prizes related to the sponsor,
but then, like, what would it... Like, we'd
be giving you, like, a homeowners and insurance
Are giving me homeowners child.
Right. You the vote? Maybe accept liability. I
don't know. I'll take any. Honestly, I'll take
the free sandwich.
Exactly. So thank you so much. Thank you
to my partners and crime, Vin and Randy
(32:52):
and our very special guest michelle benefit. Taking
time out of her day and and chi
chatting with us.
Thank you. So we on your plan in
New Jersey. We appreciate everything stopping and by.
So from all of us here, to everyone
out on a great state. Thank you so
much.
Till next time.
Thank you.
Hi. Welcome to Plan in New Jersey.
We are the official podcast business podcast of
the Mj bi.
The largest
statewide
association in the nation.
With me as always, my partners in crime,
Denis Si and Randy Stevens,
And joining us today is our special guest
star, Michelle Bennett, C founder of the Newport
(00:37):
Capital Group. Thank you, Michelle so much for
joining us today we're thrilled to have you.
Thank you.
Thank you. Thanks for Randy. Thanks, buddy. I'm
excited to be here today. All we're excited
to have you.
So let's... Dig into our ice breaker brought
to us today by many even and give
us our ice breaker today. Sure. Sure. So
I was just reading.
In the Philadelphia inquire. Now by the time
(00:59):
this comes out, this might be obvious, but
we were supposed to have these giant Venom
spiders that could fly
to descend upon New Jersey. I have just
heard that we have dodged that bullet that
it might not have actually been
like, might have been a little drawn on
out of proportion, like,
there may be a spider.
(01:20):
But they kinda made it sound like we
were gonna have these Sake, like,
you know, like, a swarm of flying Venom
spiders that we're gonna descend upon New York
and New Jersey. Thankfully, that's not gonna happen.
But I wanted to see, like, what everybody's
thoughts are on a insects in general, especially
the flying venom is sweater variety.
(01:40):
No. I didn't the hysteria was definitely booming.
I started seeing it online too. Like, I
probably for a couple days now. Right? Like,
what's next? Right?
We don't dodge too much. So I like
the way that you intro that video. It's
so far. Yeah. I
after this, the only thing left was to
have, like, flying Chu cameras. Something.
Maybe if we could have, like, wolverine that
fly, that would have been the next thing
(02:02):
for New Jersey after this,
goes to rights and it goes right to
Chu cobra. Okay.
You know what else we dodged. Do you
remember during the pandemic? Like we were supposed
to have these murder hornets? That we're gonna
take over the Yeah. No Yes. They were
describing the the excruciating pain of getting stung
by 1 of these things and I don't
(02:22):
know. It... I remember they caught 1 of
them, and then it just... You know, that
was the last I heard of it.
Well, they are a terrified. I... Well we
were in Arizona, there was something called a
tarantula loss.
And this guy was told me that the
tarantula wasp lands on a tarantula,
and
implants it with its eggs and the eggs
(02:43):
are hatch and then eat the tarantula on
the inside out. Oh, where let's do that
too.
Okay okay? Yeah. Hornets the as a matter
of fact, hornets prefer to lay their eggs
and tarantulas is. Which makes me wonder how
many tarantulas are there ratio
to hornets in the world... Because there's a
lot of hornets like,
Sorry. They're here for the syringe. Like, the
(03:05):
tarantula is terrifying,
but then you're like, the port ranch is
that just scary Logan's doing stuff bother anybody
that, you know, but your item and that's
just seems... I don't wanna take a side
in this battle because I hate both flying
stinging insects and tarantulas.
Equally. Yeah
Get off.
See order to be and fly inspires are
(03:26):
probably 1 of my
here's low key... Just the webs alone just
freak me out Like, I mean, just takes
something going on. Yeah. Yeah. What's going on?
You no. III
don't think this would have impacted me that
much because I'm I'm definitely an indoors z
type. But
I don't know. Casey Randy Michelle, indoors y
outdoors.
(03:47):
Definitely indoors dorothy for me. Yeah.
So we would have been okay 1 way
or the other.
Oh, yeah. No. I would I had... When
I... When I heard about that tarantula loss,
but we were hiking in Arizona, 1 landed
on my hand.
And, of course, it's not gonna... But they
they leave these terrible stings, and my husband
mark is like, don't
(04:08):
move.
Standing that's still. It flew away, but was
terrifying. Terrifying double it. Like, how you not
move. You almost like wanna freak out. Your
hard to start planning. Yeah. Like, u.
I think Got to the whoever, like I
was too afraid to scream where I was
just, like, frozen.
Your They have these things in Australia called
(04:29):
bird eating spiders. I don't know if you
ever heard of those, but they... The name
is exactly what you would think. They eat
birds. Like, and they... They they're they're sort
like por coupons, they have these, like, little
razor things. But instead of just like sticking
you when you touch it. They can projectile
dial them out,
Australia is crazy.
(04:50):
Level. Yeah.
Although
You gotta go back to Casey with the
don't move because my mind instantly flashed back
to home alone when a the spider fell
on the fixed a little car.
Well great.
I was watching this video they did. I
it was like a myth busters kind of
thing on whether or not they could have
survived that movie. And that was 1 of
(05:12):
the things where they were like, ins immediately,
like cracked ribs at least. Like.
And just 1 of the things. Yeah.
No. They do spoiler alert, they definitely would
not have survived either 1 of those films.
Last. That
Do the favorite favorite Christmas with movie. But,
(05:33):
alright. So let's let's dig in. Let's get
let's get to our special guest store.
Michelle Bennett, Benny, why you start us off.
Sure. So I I heard that you're into
golf. We actually
I I played my first game a golf,
like, not, like, I don't know a couple
weeks ago at this point. I couldn't tell
you the exact date. We went out as
a a team building thing, Casey and I
were on the same for some.
(05:54):
And she got to
she got to experience my first time.
I heard you get some good shots out
there, Vin. I don't know. Know what Gonna
give I'm gonna give credit where credit as
due, our marketing chief fin sc. We we
got there early because I thought it started,
you know, half an hour earlier than it
really did.
And he pulled me aside. He showed me
the right way to hold it. And we
(06:15):
went golfing last year as, like we did
a driving thing. At top golf or whatever.
And I couldn't hit it, like, 3 feet
in front of me. And then he showed
me how to hold it. And suddenly, I'm,
like, belt them over the fence.
Really dead. You are you are a natural.
You are a golfer. You need to get
out there. I just can't put it.
(06:36):
That's everybody. Wow. That's.
Like, that's this that's everybody. Doesn't matter how
long you're playing. Like, pot is so hard.
Short game in general is so hard. See,
I would've have thought that's all I've done
all my life with the miniature golf and
everything. But with the the thing that, like,
I've gotten used to. They're the little wooden
surroundings that they have in mini Golf that
you can shade things off of. Like it
(06:57):
would always be like, alright, off that, nothing
but net. And now you can't do that.
Like, it's just You know, it's just mer.
You tap the thing a little too hard,
and it's like 50 feet that way now.
Yeah.
Well, I'd like to... You were driving a
golf cart at maximum speed. Yeah. I I'm
actually, like, driving a golf cart like an
unsupervised 9 year old is actually 1 of
(07:18):
my favorite things in this world.
I think you and a lot of people.
Yeah. But tell me about your golf game.
What do you like to do?
So I love Golf. I'm addicted. I'd probably
been doing it for about 4 or 5
years now. Which is not exactly a great
hobby for an indoors type. But you probably
figured that out or... Ready. I figured that
out. Yes. And I like to do it
(07:39):
first thing in the morning when it's still
cool, not hot, not 11 nuts and bugs.
Mh.
But I absolutely love it. It's... I have,
like, a love hate relationship with the game.
I always have a couple shots that bring
me back, but then I have those shots
that make me wanna sell my clubs that
never play again. Sure.
It's probably the most frustrating thing you can
do, or as far as a sport leg
(08:01):
off.
Now do you... Do you let go around
to, like, nice courses and everything? Like, like,
if you... If I were to ask, like,
what the coolest course you've been on? Or
you can tell me like, you were in
Scotland somewhere? Or something like that?
I have not been to Scotland, but I
am like, American guest when it comes to
going to fantastic courses.
So... Yes. I've been extremely fortunate to play
(08:21):
in a lot of great places. What would
you say your favorite was?
My favorite,
that's a really good question.
I said... Probably is the most beautiful course
I've played.
That's hard. There's a course called Ever glad
and Palm Beach Florida that I absolutely love,
(08:42):
and it's, like, right off of, like, we're
ave, like, shopping as you won't even know
it's behind all that, and it's really, really
great and spectacular.
So that was fantastic.
Popping But I've also played a great... Some
great courses in California that are absolutely beautiful.
It's really hard to pick a perfect 1
because they're all unique and different. And
(09:03):
it's wild or some of these golf courses
are the locations.
I mean, I gotta tell you, it was
super tired. We just did 9, and it
was... Super tiring. Like, do you do the...
Finished 9. We're 1 of the only groups
that finished
We did. And I I was doing that
on a broken toe, and I went I...
We were still in. It was funny because
I was like, alright. We're done We're done,
and they they're like, no. Let's just do
(09:24):
1 more. Let's do more? I can drink.
Yeah. No. It's fun is frustrating, shall I
started playing about 3 years ago of myself.
And I... For Mother's day. I said, what
do you wanna to do? I said I
wanna go golfing.
And so we played in how many hill,
which is really unforgiving is really long. And
I like when the women's tees are really
far up, and the women's seat is just,
(09:45):
like, a couple feet up. And halfway through.
I'm, like, why would I take this To
do all others day
is so frustrating.
Not having any fun.
Oh, yeah. It goes bag forth. Then you
had your great job. You're like, I love
this game. Yeah. Always sound like, the 18
tall.
Pom many is great though. Mammoth County has
some really beautiful public courses that you can
(10:05):
go to. So we're fortunate to.
Totally here. Best mom and many park so...
New park system does a beautiful job. Yeah.
They really do.
Alright, Casey. I'm gonna kick it to you
for the next part of this.
Alright. Excellent. So
so... Michelle, us a little bit about your
kind your professional journey. I mean, how did
you get to
(10:26):
C... Being a c founder of the new
board Capital group. Like, what what led you
to this? Sure. So,
in college, I started at... Barney I need
an internship, so that's where I, was lucky
enough to get an internship.
After school, they hired me full time, and
I was working on at Team in the
Wealth management department as an analyst.
So I had about 5 years experience at
(10:49):
that point and Dominic Deep hero, the president
of Newport Capital Group who is a great
friend.
Sister has been 1 of my very good
friends for a very long time.
Ted contact me and said, listen,
they've always had a family office, a single
family office, and he said, I'm thinking about
taking on public money. I know you've been
doing this for time now in New York,
(11:10):
but you're probably tired of commuting.
Wanna open up an office in Red Bank.
And was wondering if you were interested in
joining me because you have the experience with
taking public assets.
So we met at a Starbucks in Middle
town,
talked it through and decided sure why not?
So I left Smith Barney, and we started
(11:30):
a newport Capital group, and I haven't looked
back. It's in the best decision I made.
And Red banks such a great spot. You.
Right Really
downtown Red Bank is... We're right on Broad
street in Downtown Red Bank. So we're super
lucky.
Yeah. And it's a perfect spot. What... Or
what do you love about what you do?
I think...
What I love most about what I do
(11:52):
is helping others. So I've always had a
passion for helping others and guiding people.
And in working at Newport and working with
individuals and families and corporations where we're able
to touch a lot of different employees.
Through the retirement plans that we that we
work with and Felt.
(12:12):
We're able to
guide individuals,
and provide,
provide folks with the ability to retire,
educate them
and
gives them the ability to achieve objectives and
goals that they have that they may need
some help with. So it's really about helping
others it's really what it comes down to.
(12:32):
And that is is enormously
important because a lot of us didn't grow
up,
was speaking of myself and my background, knowing
how to do any of that. You know,
I have family mess better,
engineers or maybe didn't even same for retirement.
So as a younger person, I was never
told, you know, you should... You take this
04:01 k seriously and where you can put
(12:53):
your money. So I think a lot of
people do need direction in that arena,
myself included. So help others, Perfect segue.
I just have to hear more about the
good scout reward. You just tell me about
how you got the good scout or.
Sure. So as I mentioned, just my commitment
to helping others and guiding others has been
a passion of mine professionally and personally.
(13:15):
So I'd try to get involved within the
community as much as I can, whether it's
through volunteering on a board or helping different
organizations and volunteering my time.
And
by doing that, I'm able to affiliate myself
with,
different,
organizations that help others that are passionate to
me that I love that are near and
(13:37):
dear,
some being affiliated with veterans, my dad with
of it vietnam veteran and marine, others with
helping others a great organization here.
In Middle town calling no limits cafe, see
where they help folks with intellectual disabilities,
prepare for jobs and life and things like
that. So just being involved in the community
and helping
(13:58):
different
organizations,
really,
I think was a catalyst for why it
was nominated to receive the award,
here at Newport, we're all motivated by helping
others, and we encourage
to volunteer and to be philanthropic.
So it's something that we do here. It's
second nature to us as we don't even
think twice about it. We all do it
(14:18):
here. I just puts fortunate enough. To receive
the award for for my services that I
provide to the community. Well that's just so
that's so cool. I mean Was a a
girl scout leader for a number of years,
and it's just fantastic.
Ray, you wanna take it from here?
We'll do. We'll do.
Thank you again for being with us. So
(14:39):
I think Great to talk about, to have
a financial services, so, know, plan an executive
with us today. I think it don't be
fair to kinda let our fans know a
little bit about.
For this year responsibility, right? Something you kinda
hear correlated it with that industry. So, like...
So to tell our fans a little bit
about what what that is what it entails
and how you guys have pulled that new
board if you don't hunt.
Sure. No problem. So
(14:59):
as far as producer fiduciary responsibility as it
relates to
corporations and
the offerings that they provide to their employees
as far as retirement plans.
We service can consultants to corporations that are
offering, whether it's of 04:01 k or through
b defined benefit, non qualified plan,
whatever it may be, we serve as a
(15:21):
consultant to the committee that's 3 responsible
for making the decisions for the retirement plan
that's provided to their employees.
With that, they're the fiduciary responsibility. There's
requirements that you have to meet under the
guidelines of Ari, there's different regulation.
So we've created a process
where,
(15:41):
we
manage the risk associated
with that offering to your participant.
And
we've built a process around that that we
work with the... Our committees and clients that
we work with to help manage that. We're
always staying on top of a different regulation
and legislation because it's always changing or rest
(16:01):
was always evolving.
There's... As, you know, I'm sure you've heard
secure 2. It's been in front of Congress
for a couple of years now.
There's a lot to digest. So that's an
example of how we work with our clients.
So we have
a new regulation that's coming out. There's some
mandatory
requirements
associated with it, but there was also up
(16:22):
optional. So just working with folks to go
through what those optional requirements are and what
would be best for their participants
based on their demographics,
So we get involved in those types of
of different decisions that are being made.
We provide
education to committee members as well.
To ensure that they are familiar with what
(16:42):
their responsibility is as a fiduciary.
And
we really help provide governance around that responsibility
to ensure that there's protection there.
Awesome. Awesome. Great or 2. And you know
what that actually... Perfect segue into our next
question. Right? New Jersey Troy Sac or 2.
We've been hearing about it for a couple
years you just mentioned it as well.
(17:03):
Just tell the audience a little bit about
that and what's changing, I guess, from before
this rolls out, if it's not already in
place and how things were a prior, what
what was available to to... Different, potential customers
or relationships prior.
Sure. So as I mentioned, some of the
mandatory requirements. They... Said when secure 2 came
out,
it wasn't quite clear about what was going
(17:25):
to be required, not required. There's... Still kinda
working through the details.
So they have released
the dates that are associated with the requirements.
So now there is... Now you have some
guidance as far as when you have to
have certain,
different
requirements in place for the participants.
(17:45):
And they've also
released what is
optional for folks. So now you have the
ability to kinda walk through what those options
are,
and whether or not you should be providing
those to your participants or if they would
benefit from them. So I think from start...
From when it started to where it is
now, there's just much more guidance. There's is
(18:06):
out still a lot of detail and it's
a lot of information.
So we've worked really hard on trying to
provide kinda like AA2 0,
user guide for our our clients really simplify
and. And help them understand what it all
mean.
Actually. A quick question if I could jump
in. So
I'm assuming your clients are the employer side.
(18:27):
Right? Not necessarily the participants?
That's correct. So our client is the employer.
We meet with the committee.
To help with the benefit of they're providing
to the participants and employees. Right. So my...
I guess, I don't know if my question
was gonna be... So I entered the workforce
around the time that the housing collapse happened
(18:48):
in, like, 2008, 2009 in there. And I
remember so many of my older,
coworkers
were just completely screwed out of retirement at
that point, and they told me, like, understand
this stuff.
Understand this stuff as early as you can?
Speaking of just like education and whatnot. Do
you have any advice you know, for how
(19:09):
people could really, like, understand. I don't know
if you guys provided
education on the participant level or or anything
like that. But just to help people,
Sure. So, yeah. It... It's so important for
anyone to understand,
obviously, investing the importance the retirement plan and
what it means to.
We do provide education to participants in the
(19:30):
form of group meetings or individual sessions. But
we also
We work with the,
plan record keeper, the plan provider because they
also have fantastic tools for education for participants.
So we work together to build out an
education campaign and an education calendar
so that
we are meeting with your participants talking about
(19:51):
different topics, not just related to the retirement
plan that they understand the benefit that they're
receiving from their employer, but also
incorporating other topics, because as you mentioned different
and earlier Casey, A lot of folks don't
know or don't have the ability to speak
to someone about
financial wellness.
So we incorporate a lot of other topics
that we feel and from feedback we've gotten
(20:14):
that
employees and participants
are need help with. They're asking questions like
paying off credit card debt, student loans, buying
your first home.
Different things like that. So we try to
really build out a full financial wellness program
for the employees, so that we can really
empower them to make decisions by providing them
(20:34):
with information,
and the technology that they need to do
so,
How can people access it?
So people... Like, our our our clients can
access it through, obviously
Newport, but they can also access that they're
the record keeper. A lot of these record
keepers have really fantastic website with really great
tools where you can do some financial planning
(20:57):
that And
with that financial planning, you can incorporate outside
assets too, not just assets within the within
the company where you're participating. But you include
the a significant others, assets
as other savings you may have. We also
have the tools to do that as well,
but participants aren't always engaging with us. So
really making sure that they understand that they
(21:17):
have the tools and the resources through the
record people and through Newport Capital Group.
And I get 1 more put 1 more
question before Read. Yeah. I didn't wanna kill
you off entirely. I just... I
she was talking about the education, and it
made me think. And I would forgot if
I held him you. I'm glad you did
because it actually 1 of my questions, then
so I appreciate it. And and and, you
know, Michelle too. I I owned. The real
(21:40):
estate license a little bit of time and
I tell folks all the time, like, especially
person home hardwired Right? There's a lot of
sharks in the industry. Anytime you're involved, but
like financial services and, you know, big money
opportunities. Right? Like there's a lot of sharks,
people who don't have their best interest of
heart. I think 1 of the things that
you've said already that kind of
distinguish distinguishes, Newport Capital and are probably a
lot of the other firms and and and
organizations out there is the fact that you
(22:00):
guys care about helping people. That's, you know,
probably your premise and and doing it all.
Is there anything else in addition to that
that would distinguish newport capital from a lot
of the other,
you know, folks that may be in the
industry in that field. So Sure. So
like you said, there's a lot of sharks
out there. A lot of folks that do
what we do
will try... To sell ancillary products to,
(22:21):
to participants and employees, which may not be
in their best interest. I mean, they have
put a lot of rules around the Share
role in what you can and can't do,
but still that doesn't mean that people aren't
doing it. So you have to be really
careful about that.
In addition, we're agnostic as to who
what record people were use, what investments we
use, we have no affiliation or relationship with
(22:43):
anybody. So
we keep the participant and the employee,
their best interest is our first and foremost
thought. So we just really wanna make sure
that we're providing them with a a world
class retirement plan with the best options possible
for a very reasonable cost and providing them
with the education that they need
to help them build out an asset, like,
(23:04):
asset allocation plan.
I think what also sets Newport apart is
our people
So
the folks here, we have, a fantastic team
with really great qualifications.
And
we're always staying at the forefront of regulation
of legislation by,
(23:25):
attending webinar going to seminars.
And,
it's really important to us here that we're
always doing our continuing education and just staying
at the forefront of all those different things.
Besides,
that, I think the most important thing that
sets newport Capital Group part tying back into
the people is our culture.
We have an amazing culture here, and that
(23:46):
is the most of important thing,
to us, it's really important, and
we're a family. We're very close knit here.
We have an open environment are very collaborative.
And
I really feel like our clients that feel
that 1 they're working with us. They get
the same type of service and they get
that feeling from us. It is a family
(24:06):
and that they they feel like they're a
part of our family. So I really do
feel like that's sets of apart. Tell us
how would someone, you know, the easiest way
the best way for someone to get in
touch with you or another member of. Team
at newport Capital group. Sure. So
I can be email. My email address is
and benefit at newport capital group dot com.
We have our website, newport capital group dot
com or on Linkedin,
(24:27):
or anyone can also call the office. I'm
happy to take any calls answer any questions.
The And for the sake of the email,
is that double n double t? Double n
double t. Awesome.
Go pick up their event.
That's what I'm here for. It's appreciating the
audio only audience that can't see your name
on the bottom of the screen.
(24:48):
Casey. Just before I throw back to you
Right? So we're playing in new Jersey, I
like the way vin introduces 1 time is
like where all things down the garden of
State Park. Way. So you guys being located
in downtown Red Bay. I I don't had
down outside of a few different restaurants. I'm
I can't let you off the hook until
you tell us you're way Pop Eater in
the in the area location where you guys
are. Share it with all audience.
Sure.
So my favorite restaurant in Red Bank is
(25:10):
Bi rubin.
Oh, yes. The old basal cheese. The old
basal cheese. It is fabulous. Yes.
As I as I note that here for
the next time I'm in the air so
When you're in the area, let me know.
I'll meet you for lunch.
Awesome. Awesome that is perfect. And is in
beautiful, I used to... Back in the day,
At waitress at a restaurant on West Front
(25:31):
Street called the T.
But used to be there for a long
time. You know. Right? Make sure
Michael and Val Owned it. They were fabulous
fabulous people. So... Yeah. I worked quite a
while.
I tried to make an annual pilgrimage to
Red bank for Jane, Bob Secret stash and
to see, like, various movies that they put
(25:52):
on in their local.
So... Yeah.
I'll check that out next time town. Yeah
great load it here.
So And and, yeah. And then Red bank
is a lot. You know, III say that
sometimes sense. We're I'm in Ask park, and
you know, you kinda stay in your in
your bubble, but Red Bank has
(26:12):
has the 2 river theater, which is fabulous.
Everybody knows the Count Bass and 2 is
an equity theater. It's amazing. And the count
base now the Bog. So there's that little
town. There's, like, a lot happening. That's just
restaurants restaurant some fabulous theater tail. Yeah. They
have really often... Some great venues there. They've
had some really fantastic focus come through.
(26:32):
No. Absolutely. It's a it's a it's a
great spot to be,
and super centrally located.
So
thank you so much. Thank you so much
for for, giving everybody
a peek into Newport Capital Group. It's just
right. It's great for our members to Know
about and, we're wonderful chatting with you.
So are you ready
(26:52):
for the game show yeah. Play 1 your.
I think so. I mean, am I able,
like, phone a friend or anything or is
this is, like,
I don't know about my trivia, so. That'll
be
trailers.
I'm a little nervous.
Good Fairly damn. Alright. This is... There's where
you're gonna be true or false answers. Alright?
So hold up on the screen, so we
(27:13):
can see your true or your false after
I, ask the questions and you, of course,
have the opportunity to win
fabulous prizes
from me and Jb.
So buckle up. So here we go. Hold
on. Time out. Do we know who's leading
this game show by the who's the winner
this at all? Oh, I'll I'll tally it
up. Okay. So I think it's... Actually, this
(27:34):
is the first episode we are recording since
we technically went live.
Everything else has just been, like, free. I
just practice routes? They were not practice rounds.
But I'm not saying, like, we haven't had
enough. You know, like, now I'm actually gonna
go through and tally it all up. I'm
all not the free lunches, man. Let's do
that. Let's go
We're... All pretty neck and neck at the
(27:55):
moment. You know, like, I don't think anybody's
like, way out in front.
Pretty conservative over your time right? Actually this
cut the road... I'm not sure I can
handle it.
I don't watch out.
Alright. Here we go Be.
So sea otter, sea otter have a favorite
rock they use to break open food. Sea
(28:17):
otter have 1 special rock that they keep,
and they use that special rock to use
to break open their food. Is that true
or false? Right? Down your answer and to
hold it up. Happened to my Steve and
days, I think I knew this.
Can you say?
Let's say. I've got
Oh, okay. Isaiah got 2 true and a
(28:37):
false. Oh, I'm thinking I'm wrong there then.
It's true.
Just figure them. But once Randy said it's
steve urban dave, I was like, I don't
know. I think I picked the answer. All
about discovery channel, Michelle.
They they do. They keep their special rock,
which if you get. They... I don't where
(28:59):
they keep it in their pocket or something,
but, yeah, They keep their stuff in No.
I didn't even know that for sure that
just felt so definitively like Sea otter. Is
like, that's just so like them. Like I
just I thought to myself. Where would they
possibly...
Keep their rock. So That's impossible because they
would lose their rock. Yeah. Be exactly sure
weird where they keep there. Keep their fan
(29:19):
back.
I was watching this thing on, like, these...
I think it was the puffer fish or
something. And or the Japanese puffer fish, I
think. And what they do is fish. Yeah.
Like, in order to, like, get a mate
or, like, you know, attract a mate, they
make this, like, magnificent
piece of art in the sand. I then...
(29:40):
And then, like, another 1 will come by
and see it and be like, oh, that's
pretty cool. This guy's gotta know japanese tougher.
Versus the. I've got.
That... That's what they said. Like, I don't
know. I'm I'm sure the American ones will
do it too. But, you know, Like yeah.
And I'm just like... That what that proves
to me is that fish can appreciate art
or beauty. You know, and that's not something
I had considered before. So Right? Some somebody
(30:02):
be like, like, you know, that's that's a
pedestrian piece of sand art. I'm not done
so
You imagine if you just stepping it, like,
when you're in the water and... Was a
wilder. That's cloud. There are not tougher for
r case.
All this work and you step on it.
Alright. So here we go. Question number 2.
Sure
and ant can lift a thousand times its
(30:23):
body weight.
So at answer... What the team a it
adds, Sarah. And where we going? When ed
an individual ant,
Ken an individual land can lift 1000
times, it's body weight. She said to away
from golf Michelle. So you're you're out... You
might be out of this 1.
So
I'm gonna put false only because I think
(30:44):
it might not be that exact number. I
know they can lift a lot. I think
it might be like, a hundred times their
way. I I don't know. I could be
wrong. I'm probably where we
What do will you have tears yours? I
went t for true.
You ux t for true.
It is... Well they... It is false because
they can lift 5000
times their body right? Yeah. I knew. I
I was it's gonna be off like that.
(31:05):
Michelle. What is your care michelle? I I
fit through what obviously, was wrong. I see
I gotta going on today with 2... Love
for 2 right now.
Alright. You dollar the last 1,
and Octopus has 7 hearts.
Sure false.
Right. This the sure I something.
(31:27):
I'll go first. And you guys answer the
opposite.
What what are the false. We'll stick with
the majority day.
What do you have been? I wrote a
false. But us,
Alright. It's 3 way tie because it is
false. They have 3 hearts.
Seemed excessive. I was like, what would you
(31:48):
even do with 7 or... They're not even
like, that big.
Feel a lot love. Been a lot of
love to go around in the ocean. Yeah.
Well So ben you in our
overall
game, but, Michelle, thank you for playing. You
win a 10 dollar gift card to walmart.
Thank you. I love W, and I love
W coffee, so that's fantastic. Thanks. That's what.
(32:09):
And they got a sponsor in any anyway.
We just appreciate W. We we do have
a sponsor case. Who is it? Yeah, thank
you very much, Randy. Was getting to that,
our sponsor, official sponsor for planet New Jersey
Podcast. Yeah. Is N mj insurance
rides homeowners, renters, and business insurance, new, jingle
or mascot, just great insurance. So check out.
(32:30):
We'd give you prizes related to the sponsor,
but then, like, what would it... Like, we'd
be giving you, like, a homeowners and insurance
Are giving me homeowners child.
Right. You the vote? Maybe accept liability. I
don't know. I'll take any. Honestly, I'll take
the free sandwich.
Exactly. So thank you so much. Thank you
to my partners and crime, Vin and Randy
(32:52):
and our very special guest michelle benefit. Taking
time out of her day and and chi
chatting with us.
Thank you. So we on your plan in
New Jersey. We appreciate everything stopping and by.
So from all of us here, to everyone
out on a great state. Thank you so
much.
Till next time.
Thank you.
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