Retirement Planning Show

December 20th, 2025.

Episode Transcript

Speaker 1 (00:00):
The opinions, viewpoints, and promises made during the following program
are not those of wgy it's staff, management, or parent company. iHeartMedia.

Speaker 2 (00:18):
All right, good morning, good morning, good morning, good morning. Wow.
Christmas week, Christmas week, which is hard to believe, so
hopefully is you're gonna be able to get some time
with your family and your friends and your loved ones'

(00:40):
tis the season to be jolly. Oh hoh. So just
remember it's uh. We had a lot of rain, we
had a lot of melt, and there's black ice out
there this morning, so please be careful. I came out
my front door and there is a little bit of
a pond. I'm a deck that was all ice. Thank

(01:05):
god I was proactive rather than passive and skipping out
the door. But please be careful, especially if you're a senior.
You don't want to slip in fall. You don't want
to slip in fall. So another week is passed. December twentieth,

(01:27):
twenty twenty five. Overall, pretty good year, folks, overall, pretty
good year. And you reflect this time of year about
what is passed. You know, today's the twentieth. We have
eleven days left, and we're gonna say happy New Year

(01:50):
to twenty twenty six. But you know, I'm always perplexed sometimes.
I saw, we've got a beautiful card from a very
good friend of ours, and her son died very young,
twenty six years of age this past year, and it

(02:11):
killed me, put a hole in my heart. One of
the greatest kids on earth and just a very fluke
situation and he ended up dying. And you know, I
just looked at my wife and I just said, you know,
in the whole scheme of things, you just got to
be you know, I guess understanding that, you know, bad

(02:35):
things happen to great people, and they are great people,
his mom and dad. But you know, as we get
closer to the twenty fifth, you know this week and
next week are going to be a lot of people
aren't going to be in Folks, you got Christmas on Thursday,

(02:58):
We're closed on Friday, most of and banking firms will
be shutting down on Wednesday. And then the following week
you got the same situation where you've got New Year's
on Thursday, and then you know you're gonna have a
shortened trading so really, you know, we might get a
little bit more of a Christmas rally here. But if
you look at the numbers, nobody predicted. You know, I

(03:20):
don't care who. I always go back and see what
the screaming monkeys we're predicting for twenty twenty five, and
none of them are even close. You know, Nasdaq was
up about twenty one percent, s and ps up over sixteen,
dials up, thirteen bonds had rallied. If you've got a
good bond portfolio, you're probably looking at you made about

(03:42):
six percent, So you made money this year. You made
money this year, and hopefully you're not sitting in cash
with the seven trillion dollars that's sitting out there, because
that's just a total waste of time. So you know,
talk a little bit about portfolio actions to consider at

(04:02):
your end. I'm gonna have Chris McCarthy's going to come
in for the second hour with me today and then
my son and Nico we'll be doing retirement ready from
twelve to one. Later today. I am going to do
my honeydo list today. Hopefully I can get the honeydoo

(04:23):
list done and try to get some of the things
set up for our holiday with my family and friends.
So but I'm going to go over a couple of
things today that are I think are important. You know,
there's uncertainty, of course in the markets anytime you're ending

(04:45):
the year. What twenty twenty six is going to bring.
The backdrop I think personally still supports your positive returns,
especially if the FED keeps on dialing down interest rates.
And you know, I think you're starting to see that
market leadership is starting to broaden here, which is good.

(05:07):
You start looking at small cap, mid cap, you start
looking at you know, value versus technology, So the marketing
is broadening its participation. I still believe that you build
a portfolio based on you, not on the screaming monkeys.

(05:28):
And as they say over and over again, you know,
we at the Retirement Planning Group basically we like large
cap value because our clients are typically looking for strong
dividends and cash flow. They've made their money, they want
to keep their money. Yes, they want growth, but they
don't want to have huge fluctuations in their portfolio. So

(05:54):
you know, if you look at AI, I mean, that's
the that's the buzz now. AI. No matter what you do,
any financial program, that's all they talk about today is
AI AI and how it's going to have an impact
not only as far as valuations, but also as far
as what's going to happen as far as the overall
structural impacted AI to our society. So I know a

(06:19):
lot of you I don't like international. Last time I
got an international, I got kicked in the teeth. You know,
we went to this quote unquote asset allocation consultant, spent money,
built out portfolios. You know, they wanted the international emerging markets,

(06:43):
and when it was all said and done, we were
better off just using our own models. So after that debacle,
I just said, the hell of that. I'm not spending
this money. You know, We're going to stay here domestically
in the United States. We're going to favor large cap.
We're going to do our bond portfolios. Yes, we will
have technology. You know, we do a lot in triple ques.

(07:04):
And you know, your age will have an impact on
how you manage your assets as simple as that. Your
age will have an impact on how you manage your money.
You know, we have a lot of people that come
into the retirement planning group. They've made their money, they're
about ready to walk out into retirement over the next two, three, four,

(07:26):
five years and You've got to make sure you understand
exactly what you've created as far as your overall and
investment portfolio, especially if you're too highly concentrated in any
one particular stock or asset class invaluations matter. You know
you need to understand is that you have to have
a reasonable understanding of you know, pe earnings. You know

(07:49):
what has historically been able to you know, weather the storms.
And you know, under this market condition, bonds will offer
you it's still a t active income in portfolio stability.
You know, the ten year treasury yield remain near high

(08:09):
end of their range, but it's offering some compelling opportunities
for people that are looking for the old sixty forty
or fifty to fifty the balance portfolio. And you know
my position has been over the last six to twelve
to eighteen months is that I love bonds, give me
the coupon. I'm patient. I don't need to have instantaneous results,

(08:33):
so bonds will still offer I think an attractive income.
I mean, I talk to my son about this all
the time in Nico as far as what we're kicking
out on the portfolio or income portfolio, and we're still
at a six handle six percent. As far as our dividend,
you know that will change based off of interest rate scenario.

(08:53):
And as always, review your asset allocation any excess cash.
You know, I've been basically saying, have some dry powder
on the sidelines. You look at some of these returns
over the last two, three, four, five years. I mean,
it's just mind boggling, mind boggling the types of returns

(09:14):
that individuals have had in their portfolios. But as I
always say over and over again, don't try to time
the market because you're not going to be able to
do it, and stay fully invested. If you got some
cash on the sidelines, get your shopping list out. So
we're going to be back. That was a quick fifteen minutes.
I'm Dave Kopek. This is a retirement planning show and

(09:36):
we're you're right back after this quick commercial.

Speaker 3 (09:46):
Time flies and retirement will be here before you know it.
Are you ready? Don't wait until it's too way to
get your plan in place. Dave Kopek and the team
at Retirement Planning Group are helping people just like you
take control of their finance future right now Call eight
eight eight five eight zero nineteen nineteen Today or go
to rpgretire dot com to schedule your consultation. Retirement won't wait.

(10:11):
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Speaker 2 (10:13):
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most people miss. You have to create your own retirement
income plant. Social security is not enough, pensions are rare.
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(11:20):
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(11:42):
one nine for a complementary All right, we are back.
I don't know if you stayed up and watched the
Alabama game last night, but I got I went to
see my nephew play. He plays for Bolston Spa, the Scotties,

(12:12):
and they played shn They got beat. But he's a
freshman and he's playing on varsity and he's going to
be the real deal. He's about six or four. Nice touch.
They say he's got the Sam Perkins touch. The follow
through and they were down two players. Two of their

(12:33):
best players got hurt. But they're young team. And keep
your eye out for Boston Spa because I think you're
going to see them rise to the top over the
next couple of years. But Paul Yaddo, a buddy of mine.
Coaches SHN and Paul did a good job. He always
does a good job. Very good coach, Very good coach.

(12:59):
You know, I played a lot of basketball and when
I was in high school, in college and I coached,
and I also played until I was in my forties
locally here in men's league. But it's a passion that
I always had. I always said to my wife, if
I didn't have a basketball, I don't know where I
would have ended up. You know, it was my twenty

(13:19):
four seven, three sixty five. That's all I thought about
was basketball. But you know, you got a lot of
good coaches here locally. Don Bassett is a good friend
of mine. Don coached at Catholic KI for years. I
used to have him commit to talk to my kids
when I used to coach AAU basketball and just an
unbelievable mind call. Coached high school, college and professional. And

(13:44):
you got a lot of talent here, the Hurders, there
was an unbelievable family. As far as Tommy, I think
missed his call. I always say this to him every
time I see. You know, he should have been a
broadcaster for basketball because I miss time used to do
the games for Sienna. Then I thought he had great insight,
he had the ability to talk about the game, and

(14:08):
his kid, I don't have to tell you about his kid,
Kevin is doing phenomenon in the NBA. So I got
a pretty strong background here with a lot of basketball.
Pat Riley TICKI Burden go through the whole laundry list.
Dave Kopek, you gotta chuckle about that one, huh. So

(14:35):
to kind of highlight because I you know, I'm not
a big believer in talking about the market on a
week to week basis, which everybody knows, you know, I'll
kind of summarize how I feel about I think right now,
if you're in a position that you're going to retire,
or if you're contemplating retire, it's important to know exactly

(14:58):
where you're at, how much risk is in your portfolio.
My son Christopher, I know, I get a lot of
compliments on him as far as it's technical analysis of portfolios.
He does a lot with Chris McCarthy and with Nico
and you know, we sit down with individuals depending on
your goals, your risk tolerance, and your time frame and

(15:20):
building out a portfolio that not only satisfy what you're
gonna need today as far as income, but hopefully we
can build out a portfolio that's going to be able
to keep pace with inflation and give you some cost
of living adjustments as you go through. But in Barns
this week, just so everybody knows, there's an article in
there again that talks about don't take your Social Security

(15:41):
too early. It talks about taking waiting to age seventy,
and they go through all the reasons why you should
wait in order for you to satisfy you know, cash flow,
the maxim amount of benefit. And of course we all
know the most important thing in retirement is what cash flow.

(16:06):
So you know, I want to talk about a couple
of things today that have kind of eaten at me
over the last couple of weeks. This is the time
of year where I travel a lot. I was just
over in Boston with my wife, and you know, we
travel a lot. I was out in Syracuse the other
day seeing clients, and you know, when you when you travel,
you get to see people you haven't seen for a while.

(16:28):
And one of the things that I'm finding is there
seems to be a disconnect with some of our clients
and their family members as far as materialistic things. And
you know, my my personal feeling is that we are

(16:50):
really spoiling our kids. You know, I go into home
sometimes and there's a wall of gifts. I'll sit there
and I'll watch the kids open the gifts, and they
open them and they just chuck them. What's the next one?
You know, It's like a merry go round as far

(17:12):
as gifts that are being presented to these kids. And
I asked myself sometimes, are we really creating a good
experience for these kids or are we fostering something that's
really going to basically, you know, has no value. You know,
when I was a kid growing up in Scatticoke, when

(17:32):
I was young in our in the sixties, we were
lucky if we had three or four gifts, just simply
because of the economic conditions in our family with my
mom and dad. You know, my mother worked at night
as an LPN at Leonard Hospital and my father worked
during the day at the Arsenal whateverly at Arsenal, and

(17:59):
that's how we started off. And the thing is is
that there was If I look back on those days,
I probably have more value and more heartfelt feelings for
the interaction being with mom and dad and the family members,

(18:23):
instead of emphasizing on the presence or anything that was
underneath the tree. You know, of course, every young kid
likes to get something, But you know, I just spent
I want to be careful about this, but I just
spent some time with some people that are really going
through some difficult times with their kids. And when I

(18:47):
say that they're going through some difficult times, it's kind
of an understatement. You know, there's divorce, there's alcoholism, there's
a connect between the family where they're all going in
their own separate ways. And this is a fairly wealthy family.

(19:09):
And I just kind of looked at my wife, and
she looked at me because they took her with me,
and we were trying to figure this out as far
as you know, what's going on here, as far as
you know, we're seeing more of this, not less of this,
as far as people that truly aren't unhappy unhappy, And

(19:32):
you know, I personally think it goes through the family structure.
And I personally think that we're a society that focused
too much on the materialistic stuff and not enough on
the simplistic stuff, you know, So this time of year,

(19:52):
I know that everybody's talking about meaningful gifts. You know.
We sit every year and I say to my wife,
you know, I don't need anything, and she'll say to me,
I really don't need anything either, you know, but you
feel like you're obligated to go out there and get something.

(20:12):
So there's something underneath the tree. So I had a
buddy of mine that stopped in the other day. He
basically was kind of highlighting exactly how I feel. And
I said to him, I said, you know, so what
are you and your wife doing? He says, We're trying
to make meeting meaningful gifts, but nothing that's materialistic. You

(20:40):
don't you don't pick it up underneath the tree, and
you won't. You don't open it up.

Speaker 4 (20:45):
You know.

Speaker 2 (20:45):
We're doing tickets to theater, museums, sporting events, concerts, We're
doing baskets and gifts, you know, homemade treats. We're doing
stuff that you know. We're making donations to our church,
to our synagogue. You know, there's all sorts of individuals.

(21:07):
I mean, I saw a thing today where this poor kid,
you know, they age out eight age nineteen kids that
are in they're looking to be adopted, and at nineteen
that's it, you know, they you know, basically be on
their way. And there's all sorts of things that you
could do for those kids in order to facilitate a

(21:29):
better landing for them. But I just think that, you know,
at this time of year, when you've got your mind
focused on gratitude, you know, presence, I think somewhere on
that list, you got to start saying to yourself, is
there enough stuff? Do we have enough stuff? I think

(21:53):
about our house and I would definitely say to you
we got enough stuff. We've got enough jewelry. I mean,
I'm not a jewelry person. You know. My wife gets
mad at me when I take my ring off my
wedding band. I'm just not a chain guy or you know,
a bracelet guy or anything like that. I just never earring,

(22:13):
not my cup of tea. But I think at this
time of year, when people are thinking about, you know,
what should I do in order to facilitate some type
of a gift to family members, loved ones, kids, grandkids,
I go back, you know, some of the greatest experiences
that I had were just the basics create traditions, you know,

(22:39):
get a bowl of popcorn and invite the kids over,
the grandkids and sit down and watch a movie instead
of having them sitting in their chairs or downstairs in
the basement focusing on their phones. Right, go take a ride.
There's Christmas lights right here in Malta. Get in the
car and go take a ride and go see the
Christmas lights. Have a family night, a game night. My

(23:05):
daughter is dating a young gentleman now, and that's what
the parents do, which I think is great. They have
game night, they have taco Tuesdays. There's certain things that
they do as a family that keeps them together, connected
and like anything else. You know, I always say the

(23:25):
biggest mistake that I ever made in my life was
not to serve my country. But there's other ways that
you can act to service one another. You can volunteer
at a shelter, you can help elderly neighbors. You can
donate to certain things that give you a warm and
fuzzy feeling. So you know, we're all renters, folks, We

(23:51):
are all renns. We take nothing with us. So when
you start thinking about our lives and our experiences and
the relationships we've built, right, you're not taking anything with you.
So your warm and fuzzy probably is the legacy that
lies not in what we owned or what we gave,

(24:15):
but the impact that we had on others and the
memories that we made. And that's my sermon for today.
We're going to be back. That was a quick half hour.
I'm Dave Colepak. This is a retirement planning show. All right,

(24:48):
we're back. Good morning. There's black ice out there. Be careful,
you know that the trucks route. Last night after we
got finished with the basketball game, we were driving back
to in from my cousin Carol and Ron. We had
a beautiful dinner. Carol made a nice lasagna. So good

(25:11):
morning to them. I don't know if they're up and
at it, but nice night, nice night. It was good
to go see a basketball game, a high school basketball game.
And these kids are big today. The kids today are big,
thick and quick. Shan I think scored almost one hundred

(25:34):
points in that game, ninety four or ninety five something
like that, and Boston SPA wasn't too far behind, you know,
like seventy five. But these kids today, the athletes today,
I don't care what anybody says. They're quicker, they're thicker,

(25:55):
they're taller, they're bigger, and you know, as A said,
my freshman nephew is about six four. I think he's
going to be a beast. Tis the season to try

(26:19):
to figure out how you can maybe you know, you're
really late to the game if you haven't maximized your
contributions to your qualified plans, your four to one K
four through being all that stuff. So you can still

(26:39):
as long as you have the ability to go through
payroll to lower some of your twenty twenty five tax
build before it's too late. So if there's time to
take advantage of it, take advantage of it because lowering
your taxable income will help you reduce, of course, some
of your tax liability when you're doing your taxes. There's

(27:01):
a lot of things happening with the Trump administration with
their new tax policies come January first, which should be
extremely beneficial for a lot of people. Right also charitable contributions.
For those of you that are looking to make a

(27:21):
charitable contribution, now's the time to do it or think
about it. Dot your eyes across your t's, make sure
you understand exactly how you're doing it. The forms that
need to be filled out. Had a client called me
the other day and basically said, you know, I want
to give some money to my children. And he says,

(27:42):
how much can I do? And I said, well, you
can do as much as you want, really, but if
you want to file a tax report, you can do
nineteen thousand dollars both you and your wife per individual.
So you know, each child a husband and wife could
give thirty eight thousand dollars to that's a pretty significant
amount of money. Matter of fact, a couple that we

(28:04):
were talking to about in Boston, it's one of the
things that they're trying to do is they're trying to
reduce the size of their estate a little bit. He's
in a position that he really wants to start seeing
the benefits that he has accumulated, meaning the money that
he's accumulated to benefit his children. And the one daughter's

(28:28):
going through some construction on her home. The other one
needs a little bit of assistance too, so he's going
to be gifting some money. We went through that when
we sat down, So it's a good time. It's a
good time of year in order to sit down and
try to figure out ways that you want to you know,
maybe put a smile on the kid's face. I'm a
big believer. I'd rather do it now when the kids

(28:51):
are alive, right, and you're alive, and you can see
the smile on their faces and you can see, you know,
the net result is going to have an impact. But
there's a lot of different ways to do it. But
if you're going to do it, get a hold of
your financial team and as I always say, you know,
make sure make sure you're doing it the proper way

(29:15):
that you're not going to have a tax liability that's
going to affect you in a negative way. And as
I said, you know, we have this conversation with a
lot of individuals this time of year. You know, what
needs to get done in order to satisfy my contribution

(29:35):
to my five oh one C three. There's typically forms
that you need to fill out. So if you want
to give something to your synagogue, your church, your university,
you want to make sure that you're dotting your eyes
and cross your t's and you're filling out the proper documents.
So make sure you're doing your homework because you don't

(29:57):
want to put yourself in a position, uh, you know,
or you're blowing it up where it's not going to
work out to your benefit. And also to the university
or the church or the synagogue. And finally, and finally, right,
you know, this great wealth transfer that we're going through.

(30:19):
This the figure that I just saw in Barons this morning,
and I'm going to bring it up here because I
don't know where this is coming from. America is preparing
for the largest wealth handoff in history. This number is
about forty trillion dollars more than what I have seen

(30:41):
and estimated one hundred and twenty four trillion dollars is
expected to move between Generation Boomer through two thousand and
forty eight. Advisors have been preparing client families for this moment,

(31:02):
aligning estate plans, coaching errors, and designing tax efficient transfer strategies.
Pretty amazing one hundred now they got it up to
one hundred and twenty four trillion dollars, maybe because of
the unbelievable capital appreciation that we've had with some of

(31:25):
these stocks. But here's the gideo. Here's the gidio. A
lot of you don't listen to your financial advisors, and
you sit on the fence, right, You sit on the fence.
You don't do anything, and you got all this money

(31:45):
in irais and for one case, your greatest Achilles heel
is all that pre tax money. And for a lot
of you, it's growing unbelievably, especially over the last three years.
We get another bonanza in twenty twenty six. Depending on

(32:07):
your asset allocation and how you're managing your money, it's
only going to make the circumstance worse, right, it's only
going to make it worse. So for people that sit
there and say, boy, look at all that money. Wow, boy,
didn't we do good? No, you didn't do good. You

(32:30):
created a nightmare. And what is that nightmare? You're leaving
an ird income or respective with deceed. Someone's got to
pay the tax. You don't want to pay it. You'll procrastinate,
you'll sit on the fence, you'll do rm ds, and
then you'll pass this huge tax liability to your children
and grandchildren. And that's not what they want, folks, they

(32:54):
don't want a huge tax liability. I'm telling you this.
You know, we have people commit all the time and
they have a certain amount of money in iras four
O one k's four or three b's deferred compensation whatever
it may be. Some of them have pensions, some of
them don't have pensions. Once I got pensions, I basically

(33:17):
tell them right up front, what are you going to
do with this money? I have no idea what I'm
gonna leave it to my kids? Why gonna leave it
like this? What do you mean by that? I said, Well,
what you're doing is you're leaving a tax liability. And
the longer you age, the more money is going to
come out based on the government's terms, not in your
terms because of requirementium distribution. And when that money comes out,

(33:39):
you better hope you're in good health, because if you're
not in good health, it's not going to go to
you or your wife, or your children or your grandchildren.
It's going to go to the nursing home. How many
people today that are listening to this show actually have
a plan for nursing home, long term care, assisted living,

(34:03):
home care. Most of you don't. And when we sit
down with individuals, we basically have a pretty hard to
heart conversation as far as what people are going to do.
And I can tell you right now, if you go
to ten attorneys, you're going to get ten different answers
as far as how you're going to build out your
estate plan, right, we'll do an irrevocable trust, put your

(34:26):
money in there. Some do the irrevocable revocable. I still
don't understand where the reasoning is with some of these
attorneys as far as how they structure estates. Personally myself, Okay,
this is me, Dave Kopek. I have no idea why
anybody in New York would do a revocable trust with

(34:50):
substantial money, because in New York state, an irrevocable trust
you can do partial revocation. Partial That means if you
overfund it, you can go back and take some of
the money out and it doesn't affect the money that's
in there. Now. We spent a week about a week

(35:12):
and I know my client's probably listening to this in
his beautiful bride. We spent a week trying to get
ahold of his attorney to try to figure out can
you give us some answers on this trust? One week
and I still don't know. I talked to Nico yesterday.
Did they call us nope? Have they returned our phone

(35:35):
call nope? Does the client know that yep? Should the
client get on the phone. I haven't got an answer
to that one yet a week we've called to find
out to get answers about assets that are in the trust.
What's their position? Can the dividends be reinvested? Should the

(35:58):
dividends be taken out in cash? What about the capital gains? Right?
What's their position on the capital gains? We need clarity
on this, okay, Because you're the captain of the ship,
you're the attorney, you drafted the document. Can you please
give us some basic information so we can facilitate what
the client wants to do with these assets. Those are

(36:19):
returning our phone call and do you think that this
is uncommon? No, it's not, it's common. This is what
we get. So make sure make sure whatever you're setting up,
you're gonna have the ability to have conversations with the
individual that there's a successor we'll be right back.

Speaker 3 (36:55):
Retirement might feel far off, or maybe it's just around
the corner. Either way, it's never too early to start planning.
The experienced team at Retirement Planning Group makes the process simple,
straightforward and all about you. No pressure, just smart advice
to help you feel confident about what's next. Visit rpgretire
dot com or give them a call at eight eight

(37:17):
eight five eight zero nineteen nineteen to schedule your consultation today.
That's RPG retired dot com. Your future self well, thank you.

Speaker 2 (37:25):
We are looking through the greatest wealth transfer in the
history of mankind. Trillions of dollars of wealth will change
hands from one generation to the next. Your money to
our beloved children and grandchildren. Are you ready? Your future
is written by chance, it's written by action. Now's the
time to build your plan, protect your assets, and position
yourself for the opportunity. Don't wait, take action. The future

(37:48):
favors those that are prepared well. Eighty eight five eight
zero one nine one nine. That's eight eight eight five
eight zero one nine one nine Future retirees twenty and
twenty five is going in twenty twenty six? Here? Are
you still thinking about retiring? Procrastination will hurt you. Every
year you wait to implement your personal retirement plan is expensive.
Stop putting your retirement future on the back burner. It's

(38:10):
time to take action. Well the Retirement Planning Group for
a complementary retirement planning consultation and make twenty twenty six
the year your retirement dreams became a reality. Call eighty
eight eight five AID zero one nine one nine, and
take action today. Retirement is in a Sunday thing. It's
a now thing. Whether you're just starting out or nearing

(38:32):
the finish line, the best time to build your retirement
plan is today. Don't wait for the right moment. Let's
create a plan that works for you. Secure your future
and the freedom that comes with it. Call out my
office today and take action. Eighty eight eight five eight
zero one nine one nine. That's eighty eight five AID
zero one nine nine and your future will thank you.

(39:04):
All right, we are back on this warm sunny morning
in upstate New York. Tell you the wind was bad
last night, folks. There was branches and stuff flying all
over the place. Hopefully everybody's all right. Nobody got hurt.

(39:26):
I don't know if Mabody lost power. I didn't hear
it or see anything. But you know, today we're gonna
have a little bit of sun from what I can see,
but it's gonna cloud up again. It's gonna be a
crummy few days. When I say crummy, the weather is
not going to be warm and fuzzy, cold and overcast.
Where I sit here in Latham, Old Lotham, New York,

(39:49):
it's twenty six degrees for our listeners in Florida and
around the country where it's warm and sunny, you can
go on and play some golf, go sit on the beach.
I'm jealous. I'm jealous to go back into my cave.
I got to clean my garage today. That's one of
my that's on my list, so I can get my

(40:10):
cars in my garage. I've got all sorts of stuff.
You know, there's there's a lot of things that we
try to overemphasize to individuals. You know, my my my team.
You know, I give them a lot of autonomy. And
the reason why I do that is because when I

(40:31):
hire someone at the retirement planning group, I basically tell
them and I look them right square in the eyeballs
and I say, I'm hiring an adult. Right. I don't
have the babysit you, right. I don't have to say
to you what you do today. You know, we have
meetings on Monday, and we have meetings on Friday, Monday
to go over the week and Friday to do kind

(40:51):
of a summary of what happened. But I don't like
the babysit people, right. I want to make sure that
everybody has the ability as an adult to have flexibility
and maybe do some things outside the box that maybe
Papa Bear here wouldn't necessarily do as because as I've

(41:14):
said a million times, we all know the one size
does not fit all. So Nico's perception of what needs
to get done might not be one hundred on the
same page as Dave Kopek and my son and Chris
McCarty and the rest of the team. But we want

(41:36):
to make sure that when people go into retirement, there's
really three basic things that we overemphasize three basic things.
But I'm in a situation right now in Syracuse. Our
Syracuse offices is becoming extremely busy. We're on another radio

(41:57):
station out there called wsy ARE, which is similar to WGY,
and we broadcast out there a totally different show than
this one. So we've gotten a lot of traction. We've
seen a lot of people, And I had a gentleman
that came in the other day, stage two cancer that's

(42:18):
trying to get answers from his employer as far as
what needs to get done in order for him to
get out the door at the end of the year, versus,
you know, sticking around for twenty twenty six, because he
wants to move down south as long as he's healthy
enough and spend some time and go fishing and do
the things that he always wants to do with his

(42:39):
brother in retirement. So I'm calling the phone trying to
get him answers. Hit number one, hit number three. Sorry,
I can't answer the phone right now. Please leave a message.
Right So we did that for about twenty to twenty

(43:01):
five minutes, and I said to him, I said, listen, Okay,
you're not gonna sit here and I'm not gonna let
you play tittaly wings while I try to get the
answers for you. So I'll tell you what I'll do.
I'm not supposed to be out here Monday, and I
know I've got a free afternoon Monday. I'll come back
on Monday and I'll sit down with you and I'll

(43:23):
have the answers for you as far as what needs
to get done in order for you to get out
the door in December, the last day of twenty twenty five.
Sound fair. I appreciate that, Yes, sir, So, him and
his beautiful wife, wonderful people, wonderful people, bad enough that

(43:47):
he's battling cancer. But they won't get back to him,
they won't give him answers. So what did I do yesterday? Well, yesterday,
I'm on the phone. I'm back and forth. I'm calling
this one, I'm calling that one, and I'm trying to
get the answers for this poor guy that he needs
in order for him to have what what's the most

(44:08):
important thing for him right now? What's he trying to
really figure out his health insurance coverage? Right? And he
needs his money. He needs his money in order for
him to start getting a check right because he doesn't
have a pension. He has a four to one K.
He has a cash balance account and he's going to
roll that money so he can start receiving income. And

(44:31):
he wants to make sure that when he says see
you later, alligator to New York and he's living down south,
it's all buttoned up. Now, Why am I saying this? Okay?
Because we have people that come into us sometimes that say,
you know what, I'm pretty happy with my financial advisor.

(44:53):
I just want you to talk to me about this.
I'm pretty happy with my financial advisor. So you know,
we're going to keep the money there with the financial advisor.
But we want to talk to you about this, whether
it's annuities or life insurance, whether it's legacy planning, whatever.
My answer to that has always been Nope, not going
to do it right. You want me to make the sauce.

(45:17):
You want me to make your life better, but you
want fragmentation. You don't want simplicity. Why did I do
that because I had this very nasty man one day
that came in that started talking to me in a
very negative way inside my conference room in Saratoga Springs

(45:38):
when I was in the Granite Palace building, and I
remember Lisa sitting out in the office hearing my voice
accelerate and volume, and I basically told the guy, I
take a hike, you know. And I walked out of
that meeting. After that meeting, I said, listen, this is
our new motto here. Okay, if you're not all in,

(45:59):
you're all out. Okay, We're with Fidelity, we have every
investment in the world, we have every insurance policy that
you could possibly think of. We know the attorneys and
CPAs that you should be working with. Okay. If that's
not good enough and you want fragmentation, see you later, alligator.
We don't need it. We don't need, you know, because

(46:21):
how are we going to be judged? Well, you know
he did thirteen percent last year and you're only doing
eleven and a half. Well, see you later, see you later.
See how easy it is for your spouse and your
loved ones when you got assets all over town and
you've got multiple accounts at multiple locations. Right, see how

(46:47):
easy it is for you to button everything up? Because
I know I can tell you right now, look and
race spare in your eyeballs. Have to doing it now
for going on my forty fourth year, which is hard
to believe. You're just creating a nightmare. If you want
a night mayor go to you know, have fragmentation. If
you want simplicity, you want the ability to basically button
everything up. You want to consolidate it, simplified retirement plan.

(47:10):
Stay with us. The good news is, whatever your situation is,
it's our opinion we can improve it. We can improve it,
whether it's investment performance, whether it's reducing tax liability, whether
it's simplifying your estate. I'm always perplexed, Like I said,

(47:33):
why do people have revocable trust? Please tell me that. Well,
they'll say, well, we do that because we want to simplify,
you know, settling our state and it won't go through probate. Well,
you can do that just by titling accounts, tod POD
beneficiary designations. You can have one hundred percent of your
money not go through Because having a revocable trust protects

(47:53):
nothing nothing. So if I would get a trust, why
wouldn't I get an irrevocab tr trust here in New
York State that allows me to get total asset protection
right after sixty months, no incidents of ownership and guess what.
It protects it from creditors, predators, evil son in laws

(48:13):
and daughter in laws, all that fun stuff. Right. So
my question to you the listeners, is this, why is
it that you consistently want to have fragmentation, especially as

(48:38):
you age. You know, I always tell the story about
the guy that came in who knew everything, and his
poor wife was like a little mouse sitting at the table,
and I couldn't tell him anything. Yep, I know that, Yep,
I know that, Yep, yep, I know that. Okay, I'm
thinking to myself, he said, this guy is a little screwy,

(49:04):
and so I politely looked at his wife and said,
you know something, happens to your husband. What kind of
position do you think, Oh, I'd be lost. I wouldn't
know what to do. You got a book. The book's
in the drawer at the house. You know what to do.

(49:24):
The book is in the drawer. So I said to him,
that's He says, you're upsetting me, because you're upsetting me,
and I said, you're upsetting me, So I'll tell you what.
And he got up. He stood up, and I thought,
be honest with you, I thought the guy was going
to come after me. And I basically said, you know what.

(49:46):
I just looked at his wife and I said, I'm sorry,
I can't help you, but it's obvious he's got everything
buttoned up for you. This woman, I thought she was
going to break down start because she was so intimidated
by her husband and his actions. And when they walked

(50:08):
out the door, I actually felt sorry for this woman
because I know that when something happens, she's gonna be
deer in the headlights. She's not gonna know a damn
thing of what to do. So my question to you
is that what you want for your family deer in

(50:32):
the headlights. People have no idea what the hell to do?
The wrong titling of assets, money positioned in the wrong places,
because most of you, that's what you're gonna have, and
there's gonna be tax liability. Then there's gonna be attorney's
fees that don't have to be paid. But it's up

(50:52):
to you. If we can be of assistance. Twenty twenty
five was a banner year for us, best year that
we ever had at the Retirement Planning Group, and I
personally believe, I personally believe the twenty of twenty six
will even be bigger and better than twenty twenty five

(51:13):
if we can help you, if we can be of assistance,
if we can facilitate what you're looking for, you and
your family. All right, we're not gonna promise you the moon.
We're gonna be realistic, but bottom line gets down to
it would be an honor to work with you. And
we'll talk a little bit more about that, because Chris
McCarthy's going to be with me for the next hour

(51:35):
and we'll see on the other side of the news.
This is the Retirement Planning Show. Call my office. If
we can be of assistance five eight five, eight zero
one nine one nine. That's eighty eight five eight zero
one nine one nine toll free. All right, we are

(51:57):
back top of the I've got mister McCarthy here, Christopher McCarthy,
Good morning. How the hell are I'm doing great? I
just told you I went to the basketball game last night.
I saw Vince's kid, uh Logan Janice.

Speaker 4 (52:15):
And I I gotta go see him.

Speaker 2 (52:18):
Freshman playing varsity. Think he had eleven points. He's gonna
be the real deal.

Speaker 4 (52:24):
Oh, it sounds like he knowed he is.

Speaker 2 (52:26):
Well. His uncle Jeff Joss played for Rochester. Vince was
a good athlete until he blew his knee out.

Speaker 4 (52:36):
The whole family.

Speaker 2 (52:36):
Yeah, lacrosse. He played lacrosse and also basketball. But he
blew his knee out and then all hell broke loose
with that. That's why I always tell kids, you know
you're gonna play football. He's at the tough sport. You know,
you can have an injury when you're young and it
will affect you for the rest of your life. Well,
it's true. That's true with any sport, though, it.

Speaker 4 (52:56):
Really is, especially the level of talent.

Speaker 2 (53:00):
Did you heard me? Did you hear my show coming in?

Speaker 4 (53:04):
I heard a little bit.

Speaker 2 (53:05):
Yeah, the kids today, in my opinion, and I coached
for eight years basketball are thicker, quicker?

Speaker 4 (53:16):
Oh yeah, and just bigger. I don't know what feeding him.

Speaker 2 (53:20):
These kids are like six four six five sixty six
on the team. Now he's a freshman. He's six foot
about six', four so he might get six five six
six sixty.

Speaker 4 (53:34):
Seven well, no you, KNOW i mean he could be
good kid higher than. That what about that kid that's
playing college basketball right. NOW i think he's seven. Nine,
yeah he plays the. Court he's a, dork, THOUGH i
THINK i don't think he's got too many. Skills look
At david seven.

Speaker 2 (53:51):
Nine all you got to do is put him in
the middle and put his hands. Up you can play
his own.

Speaker 4 (53:56):
Well probably the problem.

Speaker 2 (53:58):
That you, KNOW i don't. Know it's hard BECAUSE i,
coached AND i played basketball in high school and college
AND i. Coached you, know it's hard to watch the
game sometimes Because i'm always. Perplexed like last night's, game
it was a running gun and to, me there's no
way The balls AND spa was going to be able
to compete with them running and. Gunning shen's got great

(54:20):
athletes And Paul yato is a great, coach and they
blew them. Out ninety four to seventy five or something, Like, oh,
okay you, know you're just not going to compete with
them running and. Gun SO i kept on, saying why
aren't they slowing the ball? Down why aren't they just
running an offense and trying to you, know get a
good shot and get back and play defense instead of,
this it was like watching the train go up and

(54:42):
down the.

Speaker 4 (54:42):
Track, well you, KNOW i never, understood over our years
of loving, sports IF i was going to become a
coach somewhere basketball, FOOTBALL i would look at films of
the most successful, team whether it's, basketball, football. Whatever and
that's WHY i loved college. Basketball the most successful teams

(55:05):
that have won that the joy to. Watch it's all.

Speaker 2 (55:10):
Playmaking calipari said the other days is you know College
you know college basketball now if they go to THE G,
league the pro, league they can back and they can
play College you know. THAT i did, not, Okay so
he said. That the other day goes he, goes you,
know college basketball is. CHANGING i got guys that got full,
beards and you look up into the stands and the

(55:32):
wife and the three kids are sitting up there watching him.
Playing it's a different wall that's how screwed up college.
SPORTS i, right, now what do you think about? It you, know, collegiate,
COLLEGIATE i, know collegiate, sports not professional. Sports but that's
what they've turned it. Into that's why you know you

(55:53):
won't see A. Sienna you'll never see The cinderella team
ever win ever again again That's. Sienna, yeah you'll never
see a team that will go into THE nc Double
as that will have any chance whatsoever because you've got
teams that are basically would that would compete against The
New York.

Speaker 4 (56:12):
Knicks, right and, plus you, know it's not like the
old days when you had a kid and he was
a solid four years at a. College, yeah you. Know
now it can be one and done or they put
themselves out on a portal and it's all about making.
Money and you, know it's such a two way street
for me because you know how many years have all

(56:34):
the college you've been making, in all the millions and
billions of, dollars and these kids it's because of the.

Speaker 2 (56:40):
Kids and that's a bunch of crap. Too, okay what's
a college education?

Speaker 4 (56:45):
WORTH i agree WITH i know where you're. GOING i
agree with you. Totally you, know.

Speaker 2 (56:50):
The college puts up the, money they give you a,
room they pay for all your, books all the other.
Stuff you don't have any. Tuition it's it's out of.
Whack it's out of. Whack, now you, know there's there's
pros and cons to, everything just as there isn't anything
that you do in. LIFE i, AGREE i in, my, my,
my go bless. You all, right let's get into. It

(57:10):
this is a retirement planning, show Not dave And Chris's Social.

Speaker 4 (57:15):
Hour you know you said something AND i did hear
you on the way in about how your perception of
helping a client might be a little different Than. Nico
but isn't that all the more power for being a? Team?

Speaker 2 (57:31):
Oh it? Is and And i'm not saying it in
a negative.

Speaker 4 (57:33):
Way OH i know.

Speaker 2 (57:34):
That What i'm saying is that my personal feeling is
and you guys know what it, is all in or
all out. RIGHT i, mean you can't fix things if
you've got. Fragmentation you, know you don't see a guy
going down The Mississippi. River there's not two. Captains there's
not two wheels on the. Boat you don't get into
a plane and your, uh we're two captains. Here. Today,

(57:58):
right there's a captain and there's a co. Captain, right
there's always got to be one person making the decision
that will be the focal.

Speaker 4 (58:05):
Point that's not the.

Speaker 2 (58:06):
Help AND i just think it's it's nonsense for people
that have made the, money you, know they want to,
travel they want to do all the things that they've
wanted to do in, retirement and then you know they've
got all these other things that they. Want fragmentation the
thing that is frustrating for, me AND i mentioned it
towards the end of the last, hour you, know the

(58:30):
situation with the gentleman that was out In. Syracuse And
i've got to go back Out, monday right because we
talked about that at our. Meeting, yes we've called a
client of ours attorney for a, week for one, week
AND i don't Think nico has still talked to, him you,
KNOW i, KNOW i, mean that's it's. Inexcuseable that's there's

(58:53):
a dirty word THAT i would like to say right,
now and it starts with. Bull but but the bottom
eye is bottom line is you, know LIKE i said
to my good, friend you don't have to put up with.
This see you, later. Alligator you, Know we're going to
go somewhere else where. Somebody, actually you know, what what's

(59:15):
my biggest beef at the retirement planning? Group What i'm?

Speaker 4 (59:20):
There? Oh you want the phone being? Answered you just said.
It that's all you got to.

Speaker 2 (59:25):
Say you, Know i'm always somebody sitting there playing tittle
wings are on their cell phone bs and and they're
not the phone's, ringing they're looking at. It they're not
picking it. Up, boy they better had a pretty good
answer whether they're not picking it. Up and because our
clients deserve the phone to be picked, up and they
deserve to somebody answer and say, yes we. Understand we're

(59:48):
going to get you an answer like A sa pig.

Speaker 4 (59:50):
And then we get the. Answer and, NO i love.
IT i love the service we give our. Clients you,
KNOW i think it's important getting back to what you
may comment, about whether it's attorneys or CPAs. WELL i
don't care how busy you. Are there is no excuse
of not returning a phone. Call if you don't have an,

(01:00:12):
answer let us know you're working on, it and then
we can relay that to the. Client, HEY i talked
To John dull and he's on top of. It he
hasn't gotten all his, answers but we're going to be
back in touch with. You that's. All many clients need
to know that they're being catered.

Speaker 2 (01:00:29):
To, well they're being catered. To what the bottom line
is is, that LIKE i said to, you you, know
you get out of it what you expect out.

Speaker 4 (01:00:39):
Of, it, right as well as what you put into.

Speaker 2 (01:00:43):
It that's true with anything you do in. Life just
had this conversation with my wife. YESTERDAY i just said to,
her you get out of it what you expect out of.
It if you expect you're not going to get. Anything
that's what you're going to, get especially with. Kids especially with. Kids,
now you AND i had great. Talks you Expect, mediacardi

(01:01:04):
that's what you're going to. Get you want to raise
the bar and increase the. Bar all, right we're coming.
Back we're going to be talking a little bit about
some ideas and concepts for two thousand and twenty.

Speaker 3 (01:01:18):
Six retirement might feel far, off or maybe it's just
around the. Corner either, way it's never too early to start.
Planning the experienced team At Retirement Planning group makes the process,

(01:01:39):
simple straightforward and all about. You no, pressure just smart.
Advice to help you feel confident about what's, Next visit
rpgretire dot com or give them a call at eight
eight eight five eight zero nineteen nineteen to schedule your consultation.
Today THAT'S rpg retired dot. Com your future self, well
thank you your retirement.

Speaker 2 (01:01:59):
Future are you dreaming of a, comfortable financially secure. Retirement
it's closer than you. Think the best time to start
planning was. Yesterday the second best time is. Now even,
small consistent contributions make a huge difference over time thanks
to the power of Compound don't let your retirement dreams
just remain. Dreams start setting up your goals. Today take

(01:02:19):
control of your. Future call eighty eight five eight zero
one nine one. Nine that's eighty eight five eight zero
nine one nine for a free. Consultation future retirees twenty
and twenty five is. Gone in twenty and twenty six is?
Here are you still thinking about? Retiring procrastination will hurt.
You every year you wait to implement your personal retirement

(01:02:39):
plan is. Expensive stop putting your retirement future on the back.
Burner it's time to take. Action call the Retirement Planning
group for a complementary retirement planning consultation and make twenty
and twenty six the year your retirement dreams became a.
Reality call eighty eight eight five eight zero nine one
nine and take action. Today are you ready for retirement

(01:03:02):
or just hoping it works? Out don't leave your future to.
Chance at The Retirement Planning, group we hope you create
a personalized retirement plan so you can relax knowing you are.
Prepared take action today called eight eight eight five eight
zero one nine one. Nine that's eight eight eight five
eight zero one nine one. Nine or visit us at
our website rpgretire dot com to schedule your complementary. Consultation

(01:03:25):
your future will say thank you all, right twenty and
twenty six will be here before you know. It, wow twenty.

Speaker 4 (01:03:40):
SIX i DON'T i have never had time go by
so fast Since i've been affiliated with you IN.

Speaker 2 (01:03:48):
RPG i don't know what the hell's going. On it's almost,
like you, know every day's one hundred yard. Dash you
wake up and oh my, god you, know you got
the COW i TOLD i said this last night to
my cousin we were having. Dinner you got that calendar
on the, wall The christmas. Calendar you Move. Santa you
know you're closer and closer to the twenty. Fifth it
seems LIKE i was just moving it the other day
from the second to the, third AND i just looked

(01:04:09):
at it this. Morning i'm, Saying Holy, christ it's the.
Twentieth you. Know this Is christmas, week.

Speaker 4 (01:04:18):
You?

Speaker 2 (01:04:18):
Know and then you, know this is a short week
for us because we don't Work thursday And, friday and
next week we we Have thursday off and we work
almost like a half a day On friday BECAUSE i
think the market's close on the second at one. O'clock
it's just what a. Shame we're done. Now i'm just,

(01:04:39):
saying we're. Done the year's over.

Speaker 4 (01:04:41):
With LIKE i said a couple of minutes, AGO i
have never had time go by so fast BEFORE i
became affiliated with, you almost two. Years two Years.

Speaker 2 (01:04:54):
February what was the Date? February you know? What?

Speaker 4 (01:04:56):
Twelfth?

Speaker 2 (01:04:57):
Twelve? Twelfth, yep that's, right because you give me A
valentino on the. Fourteenth that was not intended for. You
let's get that. Straight it got into your hands into
talking about.

Speaker 4 (01:05:12):
Food oh my, god what about. Food we have.

Speaker 2 (01:05:16):
A woman that brought in two. Cheesecakes oh AND i,
said you know, WHAT i can't wait to get a
piece of that. CHEESECAKE i walked out of the office
and one of them was, going like within an hour.

Speaker 4 (01:05:30):
THAT i have no idea what happened to that.

Speaker 2 (01:05:32):
One, well it went in your, Gut no went you
And corkoran and the rest of.

Speaker 4 (01:05:37):
Them, no, no don't throw me into.

Speaker 2 (01:05:39):
Somebody ate that one just like. VANISHED i have.

Speaker 4 (01:05:43):
Some beautiful. Cheesecake and THEN i had a period of
morning when it was gone within twenty four. Hours they, were,
Well i'm right there with your. Brother oh holy holy
somebody kept quick on your feet there and it's not, me.

Speaker 2 (01:05:58):
A beautiful woman. Thing thank you so much for the
cheesecake and her. FAMILY i don't know. Who my wife
had a chunk of it the other day and she,
GOES i, said where's my? Piece she, goes it's.

Speaker 4 (01:06:08):
Gone they both were, delicious, delicious she made them. BOTH i.
Know i'm, kudos the highest highest. Compliments thank. You we've
got great.

Speaker 2 (01:06:23):
Clients and you know it sounds, like you, know we're
sitting here schmoozing them and patting them on the, head
but we really do. Have like somebody said that the
other did you say. It somebody said it in the,
OFFICE i love. It.

Speaker 5 (01:06:34):
Client did you say it To julie my? Wife i'm sure,
yeah it. Wouldn't we really do have some great, people you,
know they come in they just you, know you feel valued,
well AND i hope.

Speaker 2 (01:06:48):
THAT i think the model that we've used is consistent
mm and the motto is A D T R t
always do the right thing. Yep and if they don't
realize that's what we're trying to, do then we're not
messaging it. Right but you know a lot of times
people walk in we tell, them, hey, listen you're in great.
Shape you, know if you're happy with your, advisor then

(01:07:09):
you should stay with your. Advisor but also our job
is is that if we see things that need to
be adjusted or taken care, of that if we would
do it, differently then you know, what the worst thing
that can happen is that you have a good conversation
and then they have to make a decision who they.
FEEL i think the big thing right now THAT i
overemphasize to people is that who's standing on the Sidelines

(01:07:33):
because you AND i are At Spring chickens in this
business right this is My i'm going in right now
to in twenty twenty, Six this will be in my
forty fourth year.

Speaker 4 (01:07:42):
Yep AND i celebrate forty one On february.

Speaker 2 (01:07:47):
One, yeah which is hard to, believe you, know Radio
i'm on twenty six years. Now but the bottom line
is is, that you, know WHEN i think about What
i've seen in that period of, time there really isn't
a lot of things that haven't gone underneath the bridge
as far as absolutely you, KNOW i think we've seen

(01:08:08):
everything from flash crashes to nine to eleven to you,
know The internet, BUBBLE. Covid you, know it's been some
euphoric times and some times WHERE i really was really
concerned about the.

Speaker 4 (01:08:25):
Future the one thing THAT i take such pride in
what we do is that stemming off what you just,
said let me make this painfully. Clear we do not
have all the. Answers we'll get, them but we have
been around the block enough that we know from just not, reputation,

(01:08:50):
education affiliation with attorneys AND, cpa we've been around these.
Blocks we know a lot to be, Dangerous, yeah and
we can really and we have taken a lot of,
chaos a lot of confusion out of people's.

Speaker 2 (01:09:08):
Plan. YEAH i think one of the things that THAT
i AND i mentioned this to you when you walked
into the studio this. Morning the one, thing uh that
THAT i wanted to focus in on a little bit
is these NON i, mean there's billions of dollars in
non qualified annuities and if people just let them stay

(01:09:30):
there the way they, are they're basically leaving a huge
tax liability for the next. Generation and when you joined,
us you brought to the. TABLE i think it's the
only company that does it. Right, correct there's only one
correct and it basically allows you to take this non
qualified annuity and make it not such a tax liability

(01:09:52):
and you can now what stretch it out over a? Lifetime?
Correct is that what it?

Speaker 4 (01:09:56):
Is it makes it so much less painful because they
have that joint principle and gain distribution that a lot of.
People you, know.

Speaker 2 (01:10:10):
They're the only one that has THE irs ruling on
that that is? Correct is that what it?

Speaker 4 (01:10:13):
Is? Yes you, know so it's a beautiful way to.
Allocate you, know, again people come, in we share a
lot of different. Strategies our job is to give people,
option to make it easier for them to make the
best decision for, them and a lot of, times as
you well, know whether it's you've got a HUGE ira

(01:10:34):
and you're considering wroth, Conversion, well maybe a wroth conversion is,
great maybe it's. Not maybe that money should be going
into a brokerage account and in a trust because if
you're if what is your long term? Goal are you
leaving that money for? Kids are you looking to spend
down YOUR ira because you're trying to protect your. Assets

(01:10:55):
there's a lot of different. Strategies but getting back to
what we've just touched, on a lot of people want
to minimize or eliminate. Taxation they probably have earmarked a
lot of money for the. KIDS i, mean you can is.

Speaker 2 (01:11:10):
There an age limit on? That, chris IF i to do,
IT i don't.

Speaker 4 (01:11:14):
Believe. SO i mean there's companies THAT.

Speaker 2 (01:11:16):
I, mean IF i bought a non qualified annuity years.
Ago now let's just SAY i was sixty years old
WHEN i bought, it and Now i'm, eighty AND i
know that WHEN i was, SIXTY i put fifty thousand
dollars into. It now it's worth one hundred and. Fifty
so there's one hundred thousand dollars a tax liability that
somebody's gonna have to pay for it Capeche. Yeah, Okay

(01:11:39):
so that one hundred thousand dollars is sitting, there it's
like waiting to come out the door in order For
Uncle sam in the state Of New york and all
of our friends to get their hands on. It this
process that you're talking about allows that to be droned
over to a new product a ten to thirty it's
a non taxable. Event AM i correct by? This it's
a ten to thirty five, exchange and then that money

(01:12:01):
goes into a new product that facilitates a better distribution
strategy for my. Errors absolutely. Okay and another THING i
wanted to add on NOW i got. It NOW i got.
IT i always had hope for. You ALWAYS i got.
It like you, Know i'll tell you WHEN i fall
down and hit my head sometimes it really, works it.

Speaker 4 (01:12:18):
Does and how many times DO i tell you you
have more than a pretty? Face you really. Are but,
yeah but the thing is another THING i think is
very important for listeners to. Know you can reregister brooke
wood you account into a. Truck you can also reregister
a non qualified annuity into a trust without creating a

(01:12:41):
tax consequent. Right and we have clients we're working right.
Now we have one that's eighty five years. Old we're
going to be able to facilitate what they.

Speaker 2 (01:12:51):
Want that leads me into my question field why would
anybody that has significant amount of money have a revocable
trust rather than irrevocable.

Speaker 4 (01:13:02):
Trust, HONESTLY i can't think of one. REASON i can't.

Speaker 2 (01:13:05):
Either and the reason, why and the reason WHY i
say that is Because New York state allows individuals to
do partial revocation if they overfund the. TRUST I, David
we're only. State we're the only state that allows that
of all, fifty which is, beautiful which does not allow
any of the other assets to basically be exposed to.
Medicate so WHEN i see people that come in AND

(01:13:27):
i say to, them, listen you need you, know you.
Understand you slip on a banana pel and something happens to, you,
right that revocable trust does nothing to protect your.

Speaker 4 (01:13:37):
Asset nothing that's. Right and just like you, said and.

Speaker 2 (01:13:40):
Then you'll have attorney, say, listen we're going to start
with the revocable trust and then in a few years
or five years or six, years maybe we'll turn it
into an irrevocable.

Speaker 4 (01:13:50):
Trust that doesn't make any sense at. ALL i couldn't
agree with you. More AND i mean no disrespect WHEN
i say, this because there's a lot of people in all.
Businesses they're setting up one and sale then. ANOTHER i
MEAN i couldn't agree with you. More IF i had,
something if my PRODUCT b could do everything PRODUCT a
could do and, more why WOULD i even consider PRODUCT

(01:14:14):
a to, ME i couldn't agree with you. More get
the clock ticking if you're concerned about your.

Speaker 2 (01:14:20):
Asset, well there's three things that people should, have. Okay
the first, is in my, opinion, okay whether you got
long term care OR app because you never. Know most
people do not have adequate long term care coverage unless
you have hundreds of millions of dollars and millions of
dollars and you can self, ensure, Right but there's really
you should have a disclaimer on YOUR ira right to
make sure that if you don't need the, money you

(01:14:40):
can go to your kids or your, grandkids so you're
not sitting in the nursing home and the money's going
to go to the nursing home and not you, know your.
Children the second thing is the irrevocable, trusts, right, yep
and understand the irrevocable trust and the assets that should
be put into. That and the third and final thing
is is that just simply simply by just tidling assets Tod,

(01:15:02):
pod by having the right names on these, portfolios, right
you're going to simplify the estate planning, Anyway, absolutely, Right,
absolutely you're definitely going to simplify the estate.

Speaker 4 (01:15:13):
Planning we also strongly urge clients and potential. Clients there's
nothing wrong with. Gifting, however make sure you understand all
the estate planning and tax ramification because we have many
clients or a potential client that came in and they

(01:15:34):
ended up putting their kids on the deep and unless
you fulfill certain, requirement that's a sitting tax.

Speaker 2 (01:15:43):
Liability but the thing is now you're giving the kids
the coross, bases right, Right well that was a quick half.
Hour it's really fun to have you. Here that's like
sliding down the hill on the. TOBOGGAN i do WHAT
i can. Remember OH i do remember the flyer, red
the red the red. SLED i.

Speaker 4 (01:16:02):
DO i just gove home the other night AND i
saw a pant with.

Speaker 2 (01:16:06):
Kids oh my, god people actually outside with their.

Speaker 4 (01:16:08):
KIDS i loved.

Speaker 2 (01:16:09):
It christ all, Right we're going to be back after the.
News this is The Retirement Planning. Show, hey we're live
in the. Studio if you want to call in eighty Eight.
No eight hundred TALK. Wgy we'll be right. Back all,

(01:16:31):
right we are. Back I'm Dave. Kopek i'm here with christ.
McCarthy Merry. Christmas ye love this time of the, year great,
Time yeah it. Is it is a beautiful. Time we're you,
know we got Our christmas party tonight for the. Office
look forward to, that seeing everybody and having a nice night.
Out some are spending the night at the. Hotel some

(01:16:54):
are electing to go. Home i'm going, home going. Home
you're going, home going. Home the rest of the gang
is going to, uh, hats, hats hats, Hat all hats are,
on shoes and everything.

Speaker 4 (01:17:04):
Else, yep when i'd, leave i'd. Leave i'm afraid the
doors shutting and no my thoughts per.

Speaker 2 (01:17:13):
ME i just got. IT i got. It, busy busy.
WEEKEND i got a lot of stuff going, on SO
i CAN'T i can't afford myself the ability to get
goofy if you know WHAT i.

Speaker 4 (01:17:24):
Mean, no you're gonna be just by. Him we're gonna
have a great, time.

Speaker 2 (01:17:27):
Y'all look forward to it be a nice night. Out
but a couple of THINGS i want to go. Over you,
know we're at the end of the year, here but
we're doing some planning for twenty twenty. Six in the
first quarter of next, year not the first. Quarter actually In,
may we're going to have another dinner presentation at The.
Desmond we met with the w G y. PEOPLE i

(01:17:48):
had nice lunch with them the other day and we went,
over you, know some of our planning for the people
that are down in The poughkeepsie. Area we are on
w K R p K i K I, P b
K i K, ipn w K I P Mind, medio

(01:18:10):
w K rp Right, Cincinnati, cincinnati but w K I
p we're going to start doing a little bit, more
doing some dog and ponies down, there getting more face to.
Face but, again anything that we're talking, about we offer
a complimentary. Consultation you, know as they, said we're live
on radio in The poughkeepsie market And newburgh And syracuse

(01:18:34):
and now. Here of course w G y we've been
here for years, now so anything we're talking about we
offer a complementary. Consultation all you have to do is
call our office at eighty and eight five eight zero
one nine. Nine and you know what's becoming a guess
much more common is zoom in. RINGS i, mean you,
know all of our meetings With fidelity with is over the.

(01:18:56):
Internet now we have we have we have the one
meeting of a Year. Boston the rest of them are
done over the.

Speaker 4 (01:19:02):
Internet and you, know the thing, is there are number
of meetings that could and should be done. Zoom you
don't have to fly out and bear all that expense
for somebody to talk for an hour that could easily,
facilitate but they want to get across.

Speaker 2 (01:19:16):
Yep you.

Speaker 4 (01:19:17):
Know So i'm you, know getting back to as you
would call, them dog and ponies and stuff like. THAT
i love when we have events like that because of
how engaging people. ARE i GUESS i never really was
affiliated with a. Group the. People, again they come up

(01:19:37):
before and after the.

Speaker 2 (01:19:38):
Seminar we used to do twelve to sixteen of them every.
Year you know WHAT i use WHAT i used to
call we're doing a rubber chicken dinner, week you, know
because we would Do tuesday And, Thursdays Tuesday. Thursdays and
WHEN i started, off WHEN i basically started doing those.
Presentations so he did breakfast meetings And saturdays at the.

(01:19:58):
Park Remember park Five no or not park? Diners oh, yeah, yeah,
YEAH i Mentioned Clifton. Park Clifton, park they had that
one room Where stevie had his. Reception, yes REMEMBER i
don't even know if you were there for. That were
you there for? That When stevie got married the second? Time,
yes he had like a renewal of his vows and.
Stuff wasn't get It Greecian. Gardens, no it was the

(01:20:22):
place that used to be next to with. Them, YES
i don't know why they bulldozed that, down but they
took took it was a nice. Place, YEAH i, know
down it. Went but but to make a long story,
short we used to do a lot of breakfast meetings
AND i figured it would be a good time for
people to come because you, know their their work schedules
and to give them. Flexibility and then you, know When

(01:20:42):
jimmy joined us fifteen years, ago we started doing these
rubber chicken dinners On tuesdays And. Thursdays, right but you,
know And i'll pay you with the we. Did originally
we did it with Her zaye and we just did
someone loo did?

Speaker 4 (01:20:55):
You did you actually do them with the? Judge?

Speaker 2 (01:20:58):
Oh, yeah a couple of IT'S i always enjoyed, Him Him,
Trouble Harry, miller.

Speaker 4 (01:21:03):
Nice, People Phil, treble how About? Guy, yeah And Harvy
miller again Class at.

Speaker 2 (01:21:09):
They're all out of, There they're all out of Her.
Zig it's a whole different crew there right. Now Dave
convickie AND i think it's the lead dog down there.
Now but, YEAH i mean it's. UH i think it's
a good way for people to come, in, uh in
order to basically get an idea of who you, are
what you. Do but you, know ever since we've been doing,
radio we always like to do at least two or
three a. YEAR i told you that we're going to

(01:21:30):
do more topics specific like we just recently did on
healthcare and long term.

Speaker 4 (01:21:35):
Care and again it's, uh it's putting out there Because
i've always said this for, years that open movement period
is so troubling for so many people because they don't
even know where to, turn what company to look, for
what type of?

Speaker 2 (01:21:54):
Plan is that what we're worth?

Speaker 4 (01:21:55):
NOW i believe?

Speaker 2 (01:21:57):
So, yes the, fifteenth, well you know EVERYBODY i talk
to now the biggest caveat the things that they worry.
About probably on the top of the list now is.

Speaker 4 (01:22:07):
Healthcare, absolutely and a lot of people that originally might
have thought about retiring at sixty sixty two waiting until sixty,
five specifically because Of, medicare, yeah you, know or one
of the. Spouses we always run into couples that usually
one of the two have no problem working until sixty, five,

(01:22:30):
right whether it's a goal for health care or they
genuinely love to do what they. Do but it is
a major. Concern and thank god we have the people
that were affiliated with.

Speaker 2 (01:22:42):
Yeah and all. That you, know a good friend of,
Mine craig and his, wife came in the other. Day
i've known him for christ for forty years AND i
worked with his mom and dad and Now i'm working with,
them and that that was his hurdle sixty five, yep
to get the. Medicare we set them up WITH, u
With terry AND uh and also With.

Speaker 4 (01:23:02):
Judy.

Speaker 2 (01:23:03):
YEAH i guess he wanted he wanted to see what
both sides of the fence had to. Say we have
two specialists that we work with that work in the
insurance you know, field and you, Know i'm a big.
Believer you can't tell you, KNOW i told you. This
i've had this conversation a long. Time don't try to
talk about something that you really don't know what to talk.
About and that's that's a complicated landscape and you don't

(01:23:27):
want to be picking the wrong. One i'm my whole
health insurance is will Change january, first because my provider
now is no longer going to be doing the plan
That i'm currently, under SO i had to go to
a new. One terry put me with a new plan.
EFFECTIVE i just got the cards the other day in.

Speaker 4 (01:23:46):
The, mail and again she is worth her weight and.
Go we have gotten such positive feedback because clients are
experiencing what we. Experienced it's almost, like, oh Thank, god
we've got somebody in our corner that knows what's going.
On because AND i EVEN i have PEOPLE i, know

(01:24:08):
you want to shop around or. Whatever terry does my
health insurance as, well AND i Thank god every day
for her because at one, ARENA i have no. INTEREST
i basically say to tell, her tell me what to, do, yeah,
right just tell me, yeah and it's done within five
to ten.

Speaker 2 (01:24:25):
Minutes well that's exactly HOW i Am i'm here because
of your. Expertise that's. Right i'm not going to tell
you WHAT i. Want you tell me WHAT i should. Do, Right,
well you, Know i'm not going to give you a,
roadmap but these are the certain things that you, know
don't do, this don't do. That you tell me WHAT
i should, do and Then i'll implement. That you, know big,
thing the big thing right, NOW i think the uncertainty

(01:24:46):
for a lot of people, is, uh you, know everybody
worries about the estate plan and what's. Happening as far
as you. Know this new wealth, TRANSFER i mean it's.
ASTRONA i just In barons today they say it's one
hundred and twenty four. Trillion, now you, KNOW i thought
it was somewhere between eighty and eighty five. Trillion now

(01:25:07):
they're saying it's like one hundred and twenty four one
hundred and twenty five trillion dollars of wealth transfer from
our generation that's going to go to our kids and our.
Grandkids that's, yeah it's a whole trickle of.

Speaker 4 (01:25:18):
Money and, well you know the thing is it's really
not that. SURPRISING i, mean look at all the stock bunker,
gains so on and so, FORTH i, mean but you're,
right it's crazy amount of. Money and you, know another
THING i wanted to touch on quickly we talked about
at the beginning of the. Hour WHAT i love about
our team is what we spoke about, before AND i

(01:25:39):
think some of the power of our team is that
we may not be clones one hundred percent of each.
Other but that's why we usually have at least two
advisors in per, meeting especially if it's the initial and
a follow, up BECAUSE i think it's so important that both,
advisors you, know kind of absorb what's going, on hearing

(01:26:02):
what the clients, have and then we can talk about
and share a different angles perspective again working harder to
even become to a greater outcome for.

Speaker 2 (01:26:15):
Clients i'm gonna go. Through you know that there's a
there's a basic outline that we like to cover at
the retirement planning group as far as understanding exactly what
you should do as far as how to set up
your retirement. Plan you, Know i'll say this on the get.
Go if you have a pension, benefit if you're fortunate to.
Have we just had somebody who's Saying nico was saying

(01:26:39):
that there was where was? It you do you know
when we go over the, cases the people that come
in on a weekly. Basis there was A New York
city fireman that came.

Speaker 4 (01:26:49):
In him and his. Wife i've known them for you.

Speaker 2 (01:26:54):
Of Substantial you've got a substantial, pension right depending on
the pension, selection well. Deserved and then you have a
husband and. WIFE i, MEAN i think some of the
school teachers that we've got that are retired school, TEACHERS
i mean they're making almost two hundred thousand dollars a
year between their pension benefits And Social. Security and you,
KNOW i don't care where you're live it that's a
pretty good. Life that's a pretty good life in. Retirement

(01:27:16):
and and and THEN i have health insurance.

Speaker 4 (01:27:19):
PREMIUMS i, know, well you know they they planned, Well
they planned, well whether they were with the, municipality the,
state federal. Government you, know they worked. Hard they deserve
what they.

Speaker 2 (01:27:33):
Get i'm shocked sometimes WHEN i see the benefits that,
uh you, know retirees are, receiving and then you add,
on you put the cherry on the, cake and they
just say. That you, know one guy came, in he's
a retired, teacher and he, says, YEAH i got to
pay for my. Insurance, NOW i, Said, jesus how much he? Goes,
well it was in our. CONTRACT i guess they negotiates five.

(01:27:56):
Dollars he did it as a joke because he's got
come up with like five bucks of. CHANGE i. Know,
WELL i, say CAN i join the? Club? Really CAN
i join the? Club so all, right we're gonna take
our break here for the last, one and then we're
gonna go over a couple of, things some take action
for the year twenty twenty. Six if you have any,

(01:28:16):
questions we're live in the. Studio it's eighty Eight, NO
i always do our office number eight hundred TALK wgy
eight hundred eight two five fifty nine forty. Nine that's
one eight hundred TALK. Wgy Merry, Christmas Happy New, Year Happy,
holidays all that. Fun say Happy.

Speaker 4 (01:28:36):
Hanikah, yes.

Speaker 3 (01:28:49):
Planning for retirement doesn't have to be, overwhelming especially when
you have the right team by your. Side At Retirement Planning,
Group Dave kopek and his team are here to help
you build a strategy tailored to your goals and. Lifestyle
whether you're nearing retirement or just getting, started now's the
time to take control of your. Future schedule your free
consultation today AT rpg retire dot com or call eight

(01:29:12):
eight eight five eight zero nineteen Nineteen Retirement Planning. Group
retire with.

Speaker 2 (01:29:17):
Confidence you've spent a lifetime saving for. Retirement now it's
time to make that money work for. You here's the
secret most people. Miss you have to create your own
retirement income. Plant social security is not, enough pensions are.
Rare you need a strategy that turns savings into monthly
income that will last a. Lifetime at The Retirement Planning,
group we build customized income distribution plans so you can

(01:29:39):
retire with, confidence retire, smart live. Well call eight eight
eight five eight zero nine one nine for your complementary.
Consultation future retirees twenty and twenty five is gone in
twenty twenty six is? Here are you still thinking about?
Retiring procrastination will hurt. You every year you wait to
implement your personal retirement plan is. Expensive stop putting your

(01:30:00):
retirement future on the back. Burner it's time to take.
Action call The Retirement Planning group for a complementary retirement
planning consultation and make twenty and twenty six the year
your retirement dreams became a. Reality call eighty eight eight
five eight zero one nine one nine and take action. Today,
attention future, retirees a financial threat is putting your retirement at.

(01:30:22):
Risk the cost of long term care can be well
over one hundred thousand dollars a year. Fidelities recent studies
suggest retirees could need hundreds of thousands of dollars just
to cover medical expenses in. Retirement you need to address
this risk. Now to be, prepared call my office to
find out your. Options call eighty eight five eight zero
one nine one nine eighty eight five eight zero one

(01:30:44):
nine one nine for a complementary consultation by At.

Speaker 4 (01:31:01):
With my, understanding there'd be no singing this, morning, Please.

Speaker 2 (01:31:07):
I'm trying to chase all the animals out of the.
Forest you're quite. SUCCESSFUL i had a guy say to
me one. Time he, says you probably have a good.
Singer no, no, no, no no.

Speaker 4 (01:31:16):
No they must have been looking to get on your good.

Speaker 2 (01:31:19):
Grace all, right we have a phone. Call is That
joe From Dutchess? County, yes good, Morning Hey, joe.

Speaker 6 (01:31:34):
Morning.

Speaker 7 (01:31:36):
HI a, question what about this thing About trump stopping
the tax credits on spelling solar is any way we
can have that keept in. Place.

Speaker 2 (01:31:51):
Man IF i could answer, that you, know they would
be standing in line and bowing to. Me i'll tell
you WHAT i think you're going to see that solar
the tax credits will be more state specific than. Federal
that's my personal. Feeling. Uh his messaging for the last

(01:32:13):
few years has been. Consistent he is not a wind
or solar. Fan he doesn't think you get the. Capacity
he is a nuclear. Guy he likes nuclear.

Speaker 7 (01:32:23):
Energy, yeah but that doesn't help me. Out i'm still
paying the same the electric rates or through the roof
the past couple of.

Speaker 2 (01:32:32):
YEARS i know they, are AND.

Speaker 7 (01:32:34):
I can't afford it.

Speaker 6 (01:32:36):
Anymore, YEAH i just can't afford.

Speaker 7 (01:32:38):
It i'm not doing this.

Speaker 6 (01:32:39):
Anymore and Now i'm going to have to spend probably
thirty five thousand dollars just on getting what's needed to you,
know the, equipment and then, NO i, THINK i think
the tax but is it thirty right now until the
end of the.

Speaker 2 (01:32:57):
Year the thing, is if you're going to do, it
you better sign the paper work Before december thirty, first
because the thing is is THAT i think a lot
of these are sunsetting after the you, know year twenty
twenty five as far as the tax benefits that you're. Receiving, so,
uh the company that you're talking, To, JOE i would
imagine is giving you the details or the specifics on,

(01:33:19):
it aren't?

Speaker 6 (01:33:20):
They well, YEAH i mentioned they even have it on
their website that ends at.

Speaker 2 (01:33:25):
The end of the.

Speaker 4 (01:33:25):
Year. Yeah, yeah is that thirty?

Speaker 2 (01:33:29):
Federal?

Speaker 4 (01:33:30):
Yes?

Speaker 6 (01:33:31):
Yes and what's the OTHER i think is another LIKE
i think maximum amount and maybe It's New York. State
i'm In New York.

Speaker 2 (01:33:39):
STATE i know That New York state definitely gives you
THE i know That New York state definitely gives you an,
incentive very proactive in regards to alternative. ENERGY i don't
know the actual, number but WHAT i would say to
you is that if you're going to do, it get
going because some of these benefits that you're talking about
will probably go away at the end of the.

Speaker 7 (01:33:56):
Year what about the state the state is?

Speaker 6 (01:34:00):
THERE i CAN'T i.

Speaker 2 (01:34:03):
Can't answer it Because i'm not an expert regards to
alternative energy, credits BUT i would, Say, uh the person
that you're talking to should be able to give you
facilitate those answers for.

Speaker 6 (01:34:13):
You, Yeah and they're talking about the price increases going
into effect In. January also on buying the solar, equipment.

Speaker 4 (01:34:23):
Is that is that?

Speaker 6 (01:34:24):
True as far as the towers On? China no.

Speaker 2 (01:34:27):
IDEA i, CAN'T i. Can't i'm not an expert in
regards to solar. ENERGY i have no idea.

Speaker 4 (01:34:32):
A hopefully the company that you're talking with will be
able to facilitate more of what you're looking.

Speaker 2 (01:34:39):
For BUT i appreciate your phone call by Good. MAN
i know that we've got clients of ours that are doing,
that are doing hundreds of acres of solar. Panels, oh,
yeah are one? Client?

Speaker 4 (01:34:54):
Yep god knows how many panels are being put. Up,
yes hundreds of. Acres, yeah IF I i'm not.

Speaker 2 (01:35:00):
MISTAKEN i don't want to give out any details because
they're not too far from. That but the bottom line
is is that they're still doing, it and you know
they're very bullish on, it and they've got a lot Of,
listen we have limited amounts of resources as far as

(01:35:22):
oil and gas and all that. STUFF i, mean, eventually
you know it's going to continue for. Decades But i'm
also AND i know that you, are AND i am
Also i'm also a big believer in protecting this beautiful
earth that we have ENVIRONMENTAL i know that you're part
of that group as well AS i. Am you, know
one of the things as a homeowner On Lake, GEORGE

(01:35:45):
i am very, proactive very proactive as far as Protecting Mother. Earth,
okay because only on one you, KNOW i DON'T i
don't want to go To mars or fly over To.
Venus you, KNOW i want to stay here On Mother.
Earth and you know it bothers me that we don't
take care of this these natural resources as well as we.

Speaker 4 (01:36:06):
Should, well, definitely AND i think also you, know we're
all for all these current and new forms of, energy
but no matter what comes, out it's going to be
a transition. Period you.

Speaker 2 (01:36:18):
Know it's a major bull on nuclear who my Son
Christopher William, well when you.

Speaker 4 (01:36:26):
Look at when you look at all the things coming
down the vote and you're looking at how these have
to be we need power that we've never seen before
that's going to be needed to operate well a lot
of these, facilities.

Speaker 2 (01:36:40):
DOUBT i, MEAN i saw a thing ON tv the
other day AND i don't know IF i mentioned it
to you guys where they this Community they just meta
as a new computer complex in there one of these data.
Centers it's it's for football, fields for football, fields and
it's filled with. Computers and you can just imagine the

(01:37:02):
amount of energy that is. Necessary and you, Know i'm
a dinosaur when it comes to. Technology you guys chuckle about.
It But i'm saying to, MYSELF i said The jewelier
the other. Day i'm Using jared as my sounding board
because he's of that age and he understands it inside and.
Out BUT i need to get more up to speed

(01:37:22):
because the world is definitely changing as far AS ai
in my, opinion from WHAT i. Seen WHAT i saw
at Pil fidelity blew me, Away oh no. Doubt AND
i mean we've got. THAT i, mean we've got a
big meeting this week coming up about this new software

(01:37:43):
package that's being integrated into our current software. Package it's
going to change our. World WHEN i say it's going
to change our, world it's they'll blow your eyeballs out
of your.

Speaker 4 (01:37:53):
Head, well it's gonna make us even that much more
efficient than we already, are which is. Wonderful take me
a year, Later oh my, god don't even.

Speaker 2 (01:38:05):
Go i'm on the corner office over. HERE a year
later Is Dave Kopec.

Speaker 4 (01:38:10):
He's gonna go fly these, Guys god love.

Speaker 2 (01:38:14):
HIM i can see us all walking. Around i'll be
the first one to. GO i, Mean i'll tell you
what IF i could sit in the, CAR i have
a nice cold, one you, know reading, paper and, UH
i can have a robot up front driving the car,
Around i'll do. It i'll do that.

Speaker 4 (01:38:29):
TOMORROW i, KNOW i, know drive you worry, me so
don't give up all your. Control, yeah but it. Is it's.
Staggering and you, know look At.

Speaker 2 (01:38:43):
Elon musk came out this week and said work is
going to be uh an option for us in the
years to come BECAUSE ai is going to control so
much that you, know if you want to, work you're
gonna be able to work and do whatever you want
to do because all of the manual work and manufacturing
and the jobs and all that stuff we'll be all
done BY. AI i, mean it's kind of scary when
you think about, It, BILLY i, mean how do you

(01:39:04):
GET ai to milk a cow on a?

Speaker 4 (01:39:06):
FARM i, KNOW i think there's something that just you,
know it's always going to be old, school but the
numbers are getting smaller and smaller as time goes.

Speaker 2 (01:39:18):
On so why did you summarize twenty and twenty five
because this is the last Time i'm going to see
you until twenty and twenty, six probably not maybe next
week we'll be, on but kind of. Summarize what do
you think you're looking forward to twenty and twenty.

Speaker 4 (01:39:35):
Six i'm so grateful for twenty twenty. Five ye you,
KNOW i just wanted to give a shout, out you,
know to all the, wonderful wonderful clients and friends that we.
Have it is absolute joy to go to. WORK i
don't even look at it in his, book it's just

(01:39:55):
it's just.

Speaker 2 (01:39:56):
Fun well you shouldn't look at his work BECAUSE i
think if your consumption inside that kitchen of, ours, well
and we never have we never have to worry about
food being thrown.

Speaker 4 (01:40:08):
Away, no, no and twenty twenty six could be a
new record here for.

Speaker 2 (01:40:14):
Me so you just buckle, up Path we're, Ready we're
ready For we just want to wish everybody absolutely Fantastic.
Christmas you, know this time of year only, comes you,
know once a. Year hopefully every week could Be. Christmas
but you, know we got a lot of people, traveling
a lot of. PEOPLE i think one hundred and twenty
two million people travel this week two different destinations to

(01:40:35):
see their family and. Friends just be, careful.

Speaker 4 (01:40:38):
Yeah be safe and love each.

Speaker 2 (01:40:40):
Other that's your, eyes cross your t's and make sure
that you're doing the right. Thing and like anything, else you,
know we're. Appreciative thank you to everyone that has come
in and become a client in twenty twenty. Five are existing,
clients thank. You we can't tell you enough how much
we appreciate the confidence that you've placed in. Us and

(01:41:04):
Make god bless you all good, health strength and courage
and the happiness of family and friends during this absolutely
fantastic time of. Year and like anything else twenty twenty,
six hopefully it will be bigger and better and brighter and
give us more.

Speaker 4 (01:41:19):
Comfort, YEP a shout out to my. FAMILY i love you.
Dearly my, FRIENDS i love you dearly as well the.
CLIENTS i hope you all have a Merry, Christmas Happy New,
year Happy, holidays Happy. Hanukkah just a lot of wonderful
people that were blessed to be.

Speaker 2 (01:41:36):
With so who's going to win THE? Cfp who's your dark?
Horse you?

Speaker 4 (01:41:42):
KNOW i DON'T i don't. KNOW i kind of lost
my interest a little bit because of Nd.

Speaker 2 (01:41:47):
Yeah Notre dame didn't make, it so you're out of the.

Speaker 4 (01:41:49):
Game BUT i mean there's a lot of good team
that could take. It Ohio state's, tough BUT i don't.
Know i'm not convinced that they're going to take. It,
yeah well we'll soon find. Out what is it a
couple of. Weeks, well we got three games on today
that that will be, dandy and then they play again
next weekend and then, yeah you know again at The Living.

(01:42:12):
Curve but it's an exciting time of.

Speaker 2 (01:42:14):
Year all, right that's it for. Us we're going to be.
Back my son And nico will be here from twelve
to one For Retirement, Ready so if you're in the
car or you want to tune, in it's the topic specific.
Show but, again thank you everyone for a great twenty
twenty five and also have a safe mary and joyous holiday.

(01:42:37):
Season god bless and we'll see you next week for
another retirement playing.

Speaker 4 (01:42:41):
Show Marry. Christmas