Episode Transcript
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Speaker 1 (00:03):
Live from the ws iHeart Studios. Welcome to the Retirement
Planning Show with your host Dave Kopek from the Retirement
Planning Group. Every week, Dave Kopek and his team discuss
the ways they can help people make informed decisions about
a wide array of retirement planning information that can support
you in developing a more certain financial future for you
(00:25):
and your family. No, it's time for the Retirement Planning Show.
Speaker 2 (00:36):
I got all right, Good afternoon, Syracuse. I'm David Kopek,
your host. This is the Retirement Planning Show. Hopefully you're
enjoying your weekend. I am getting a little extra R
(00:58):
and R N this weekend, so hopefully you are. I
know it's one of those days. I'm talking to you
from the Capital District region and I just want to
make sure that I'm not too sure if you're getting
the weather that we are. But we've had a little
(01:19):
bit of rain here, a little bit of rain, so
hopefully that gives you some time to maybe do a
little reading or check up on some things that you
want to do internally in the house. But this is
talk radio, folks, this is not Babbel Radio. I say
that every week I think It always makes it much
more interesting for the listener when we get questions, and
(01:41):
we love questions. I'll tell you a little bit about
who we are and what we do. We are the
Retirement Planning Group. We have five locations in New York State.
All we do is pre and post retirement planning. So
whether you're twenty five, fifty five, or eighty five, we
basically do all the things that are necessary in order
(02:05):
for you to go to the promised land of retirement.
Retirement has changed a lot, folks, a lot. It's changed
so much since I started in this business forty three
years ago, and I try to bring topics in conversation
about the things that you're gonna have to deal with
(02:28):
as you progress through your post retirement years. But as always,
one of the things that I like to try to emphasize,
as I did at the very beginning of today's show,
this is talk radio. And when I say it's talk radio,
we open the lines for your questions. Three one five,
(02:49):
four to two one ninety seven ninety seven. That's three
one five four to two one ninety seven ninety seven.
That's three one five four to two one WSYR any
question all whether it's on investment management, asset protection, legacy planning,
transfer of wealth. After being in this business now for
(03:11):
forty three years, there really hasn't been too much that
I haven't seen in regards to financial planning retirement planning.
But I want to get into a couple of things
today before we get our phone calls in here. I
want to talk a little bit about the markets. And
the reason why I want to talk about it is
(03:34):
because if you look at the numbers for the week,
they've been pretty substantial. And I'm not a week to
week guy. You know, I'm a long term investor and
I'm in the Warren Buffett camp. If you're not willing
to stay in the markets for ten years, you shouldn't
be in the markets for ten minutes. But bottom line
gets down to is that this past week we had
(03:57):
a very strong market, and we also had a rally
in the bond market. But when I say that we
had a strong market, we've captured back about ten percent
of the losses that we've experienced so far in twenty
twenty five. And with that it should give you a
little bit of ease peace of mind that trying to
(04:21):
time the market is fuel it's just impossible to do.
So the thing is is that what we like to
do is to kind of go over a little bit
of what our method to our madness is as far
as retirement planning, why we have certain types of assets
that we allocate into for our clients, but also why
(04:44):
it's important for you to understand that you need to
get ahead of the game. What do I mean by
getting ahead of the game. We're big believers that once
you start contemplating your retirement at age fifty five, fifty eight,
fifty nine, you want to start building out your plan,
you want to start building out the team that you're
working with. And when I say that, you have the
(05:07):
ability at age fifty nine and a half to do
what they call an in service distribution from your four
oh one K and take that money and roll it
into a self directed I ray and start building out
what we call the buckets of money. It's a non
taxable event, and that means that you can now roll
that money into an investment platform that's going to facilitate
(05:31):
your needs, your desires, and also the types of investments
that you want to select. Typically, typically with an employer's plan,
you're limited on the types of investments that you can
allocate into. They have a selection of investments, you allocate
into the ones that you feel comfortable with, and then
(05:53):
you basically sit down, hopefully with someone to get a
better understanding exactly the type of risk that you're willing
to accept and can you get to the destination and
the pool of money that you're looking for. Personally, I
believe that a lot of you are not having those conversations.
(06:15):
A lot of people have water cooler conversations. And at
age fifty nine and a half, like I said, you
can now take that money and you can roll it
into a self directed IRA. What that allows you to
do now is to get professional advice. You could work
with a financial team in order to accomplish what you're
trying to accomplish in order for you to walk out
(06:38):
the door and go into your retirement years. So there's
really three components that we talk about all the time.
We talk about baseline income, We talk about proper selection
of your Social Security benefits, and we talk about flexibility,
the ability for you to basically have a portfolio that
(07:02):
gives you the opportunity to adjust it when you need
to adjust it. So we'll talk about the front end
baseline income. We have a software package through Fidelity that
the Retirement Planning Group utilizes called e money, And what
E money does is that it basically gives you a
snapshot what I call the dashboard of your financial life.
(07:26):
Not only can you put your assets that you're managing
into the e money software package, you can also do
any other assets that you've got on the sidelines.
Speaker 3 (07:36):
You can do your credit cards, you.
Speaker 2 (07:38):
Can do any mortgages that you might have, and it
basically gives you an active p and l of exactly
where you stand in your financial life. Why is this important?
Not understanding where you are and not having a plan
any destination will do. I am a major maj your
(08:00):
believer in building out a plan. And the sooner you
facilitate that, the more peace of mind that you'll have
and you'll have a better understanding of what you're going
to be able to accomplish with your pre and post
retirement years. For most of us, about nine out of
ten of the boomers right now do not have pension benefits.
(08:22):
So that means all the money that we've accumulated in
our lifetime iras four oh one k's TSAs four H
three b's all that money basically has to be managed
in order to facilitate creating a check rather than receiving
a check. For a lot of us, we're going to
(08:44):
be able to take that money, consolidate it, simplify it,
and basically build out a plan that's going to facilitate
what we need as far as dollars and cents in
order to have quality of life. Not understanding your investments,
not understanding the investment risk is critical.
Speaker 3 (09:09):
So can you give that to me again? I apologize? Okay, okay.
Speaker 2 (09:17):
Not understanding the risks that are associated with your portfolio
are critical.
Speaker 3 (09:23):
Now.
Speaker 2 (09:23):
A lot of people like the go go accounts right
they get into the retirement years and they're still too
heavily weighted into stocks. They have too much allocated in
what we call high flyers. Those are the individuals that
typically we'll call our office and basically say I want
to come in and have a consultation with you because
(09:44):
we just don't feel comfortable how we're allocated with our
money right now. The mag seven's might be identical to
what those investment portfolios are. Too much risks, too much
allocated to growth rather than diving in cash. Flow and conservation.
So when we talk about building out a retirement income
distribution plan, we want to talk about baseline income. We
(10:08):
want to talk about building out a plan that will
satisfy your basic expenses in order to facilitate what you
need to pay the bills, the rent, the utilities, the food,
the taxes, etc. Anything over and above that, right, we
want to allocate money that's going to give us some
(10:30):
growth potential in order for us to facilitate cost of
living adjustments that we're going to have inflation. Just like
Social Security has a cola, we want to be able
to make sure that our investment portfolio has a cola.
Because I was just talking this morning and we're discussing
(10:51):
an article that I read about artificial intelligence, and that
article basically said that most individuals that are pre retirement
over the next five years, they believe that artificial intelligence
will have a huge impact on our life expectancy, where
(11:12):
most of us will live past the age of one hundred.
So if that is the case, and you're retiring at
age sixty or sixty five, and you work for XYZ
Corporation for the last thirty or thirty five years, there's
a good chance that you're going to have to manage
your money as long in retirement than you did during
(11:32):
your accumulation years, and the dynamics of that can be
daunting trying to figure out how I need to allocate
money in order to facilitate quality of life, cost of living,
and also preserving these assets to make sure that the
money doesn't go away before I go away. So I'm
(11:53):
going to take my first break. When we come back,
I'm going to talk a little bit more about how
to allocate your money pre retirement three to five years
before you retire, and how to allocate your money after
you retire in order to basically facilitate what you're looking for.
But again, this is talk radio. We always love questions
(12:16):
because I think it makes it much more interesting. Three
one five four to two one ninety seven ninety seven.
That's three one five four to two one ninety seven
ninety seven. If you have a question on anything about
your investments, iras, four oh one KS, transfer of wealth,
long term care, Hopefully I can direct you in the
(12:37):
right way. If not, usually what I do is I
come back the next week and I give you the answer.
But again it's three one five four to two one,
ninety seven ninety seven. I'm Dave Kopek, the president of
the Retirement Planning Group. We'll be right back. Will you
run out of money in retirement? Will your investments provide
income for possibly decades? How do you navigate the two
greatest risk in retirement sequence of retires in longevity? At
(13:01):
the Retirement Planning Group, our Bucket of Money approach addresses
these concerns and we offer a complimentary consultation to discuss
this with you. Call our office today for a free
complimentary consultation to develop your own personal retirement income distribution
plan at five eight five eight zero one nine. That's
five eight, five eight zero.
Speaker 3 (13:29):
Take me to him. All right, we are back.
Speaker 2 (13:42):
I'm Dave Kopeck, your host. Sorry to believe this is
my twenty fifth year in radio. We're here to educate you,
inform me on probably for a lot of us, you
have to make some critical decisions to basically put yourself
in a position that you can enjoy your retirement years.
(14:04):
And you're not going to be in a position where
you're going to have high anxiety and stress.
Speaker 3 (14:09):
That's not retirement. That's not retirement.
Speaker 2 (14:12):
So I have found that over the last forty three
years of doing this that there's some basic things that
need to get done in order for you to have
quality of life comfort and also to be able to
do all the things that you want to do in
your retirement without the word called stress. And what that
(14:38):
is is that baseline income is one of the things
that we overemphasize at the retirement planning group. Now, as
I've said over and over and over again, not everybody
has a pension benefit, and the people that do have
(15:02):
pension benefits, especially if it's husband and wife, it makes
it much easier for us as financial advisors to facilitate
what you're looking for for income distribution during your retirement years.
We work with a lot of teachers, we work with
a lot of state troopers, who work with a lot
(15:22):
of state retirees. And those individuals are very fortunate. Yes,
they've earned it, they've worked hard, and now they have
pension benefits. But because they have pension benefits, their models
how we allocate their money is entirely different than someone
that does not have a pension benefit. Because with those
(15:45):
individuals that guaranteed income streams off of pension benefits and
solid security, we can be a little bit more aggressive
on how we allocate the monies in their retirement accounts
if that's what they want. If that's what they want,
and I have found sometimes that to tell your financial
(16:06):
team that you're adverse to risk, that you really don't
need to hit home runs, you're happy with singles and doubles,
is not something that you should be ashamed of. It's
something that you should embrace and say, hey, listen, I've
worked hard, I have this money. I'm really happy if
I get five, six, seven percent. I don't need to
(16:27):
get eight, nine, ten, twelve percent because I know if
I shoot for the moon, I got the risk that
having much more volatility in my portfolio, and I don't
want that.
Speaker 3 (16:38):
And that's fine.
Speaker 2 (16:40):
There's rates right now that you can get that are
four or five percent guaranteed. You have to wait, of course,
for a certain period of time, like a CD or
a GICK or an NYGA that basically gives you guaranteed
principle and interest. But the bottom line gets down to
is that whatever the coupon is, whatever the guaranteed rate is,
(17:03):
that's what you get. And a lot of people are
very happy with that. Now for most of us that
do not have pension benefits. Now we have to create
portfolios that are going to facilitate not only current income,
but the ability to have growth in your portfolio in
order to facilitate the cost of living, gas, electric, all
(17:28):
the bills healthcare, which is critical for a lot of.
Speaker 3 (17:31):
Us right now that are in our retirement years.
Speaker 2 (17:36):
So there are strategies that we utilize at the Retirement
Planning Group that we want to make sure that you
understand the risks that are associated with managing assets, but
also the risks that are associated with allocating money to
certain types of investments that you can basically have suspenders
in the belt on your portfolio.
Speaker 3 (17:58):
What does that mean?
Speaker 2 (18:00):
That means they're The key word right now that we
hear on Wall Street is two things alternative investments and
buffered products. Now, there's ETFs that are buffered products that
basically give you protection on the downside. There are annuity
products right now that are on the markets that are
(18:21):
called buffer products. They give you protection on the downside.
They're complicated, you need to understand them. But for some
of you that a lot that have stock market participation
with basically some type of protection on the downside, they
might be something that would be very suitable for you,
(18:44):
because there's nothing worse than being shaken out of the
market and then you've locked in your losses and now
you're petrified. You don't know which direction to move in
in regards to how I ultimately want to have my
money managed. Now, now I can tell you at the
Retirement Planning Group, when we just went through this current
gyration that we had in the market, our phones really
(19:07):
did not ring that much. And the reason for that,
and I'm not patting ourselves on the back, We basically
do a lot of work on the front end so
people understand exactly how we're allocating the money in order
to facilitate what they're looking for. I did a conference
call a couple of weeks ago for our clients basically
went over what I thought was going to happen. And
(19:29):
the thing is is that I've seen so many shocks
to the market since nineteen eighty two when I started
in this business, not only black swan events, bear markets,
financial crisis, flash crashes, and go through the whole laundry
the COVID. The markets have its tendency to be resilient.
(19:50):
They bounced back. So you learned from the strategies that
you put in place, you learned from your experience. But
the bottom line gets down to is that any plan
that you might have in place that's causing you anxiety
is really not a good plan.
Speaker 3 (20:09):
Is not a good plan.
Speaker 2 (20:11):
So what we try to do is to facilitate what
the clients want because we fill out a form when
you initially start with us. It's called an RTQ. What's
an RTQ, It's a risk tolerance questionnaire. It allows us
to get an idea of where you are as far
as your overall ability to assume risk in your portfolio.
(20:35):
The analogy that I like to use is the roller
coaster now when I was a kid growing up, and
it's still there. It's called the Great Escape by Lake George.
They got about two or three different roller coasters up there.
They got the small one and they got this huge
(20:56):
one that basically, you know you're gonna get a lot
of on the big one. On the small one, you're
going to get some thrills, but you're not going to
get anywhere near the anxiety and stress that the big
one gives you. And that's no different when if investing
your assets, the more you shoot for the moon the
larger the roller coaster is, the less you shoot for
(21:18):
the moon, the more minimal the roller coaster is. And
I call it the waves rather than high spikes. So
bottom line gets down to is that I know it's hard.
I know it's hard, and I know it's difficult sometimes
to weather the storms. But there's a lot of times
that we tell individuals that are a little bit problematic
(21:42):
as far as their desire to accept the amount of
risks that they have allocated in their portfolio, is that
then once the market heals, you should come in and
have a conversation with us to see if there's other
opportunities out there in order to facilitate what you need
to do in order to have the type of portfolio
(22:03):
that allows you to sleep at night and not have anxiety.
You know, we protect our home with insurance products, we
protect our cars with insurance products. We protect a lot
(22:26):
of risk that's associated with risk where we basically have
a hedge. We have someone that will step up and
basically protect our either our home, our car, our boat.
But for a lot of us, we basically fly by
the seat of our belt and we don't protect. We
(22:51):
don't protect the assets that we've worked so hard for
all those years that we've accumulated assets. There are strategies.
There are ways to get stock market participation, competitive rates
or returns and not be in a position where you're
causing yourself high anxiety and stress with your overall plan.
(23:14):
Now are they suitable for everybody, Absolutely no, they're not.
But for some individuals that are looking for competitive rates
or returns, competitive rates of returns and not and not
have their hair on fire when the market goes through
the gyrations, there are ways that you can do that.
(23:37):
So bottom line gets down to We have an office
in Syracuse. We offer a complementary consultation to the radio listeners.
We've had a lot of people from the radio show
come in have a chat with us. We're over there
on Carrier Circle. If you'd like to come in and say, hey, listen,
(23:58):
I listened to Dave on the radio. I want a
second opinion. Want to come in and have somebody basically
look at how we're allocating our money currently and if
there's other ideas or suggestions. The worst thing that can
happen is that we have a nice chat, we become friends.
Speaker 3 (24:16):
There's a lot of.
Speaker 2 (24:16):
People that come in and we say, hey, listen, you're
in good shape. Some people come in and we say,
hey listen, we think we can help you, but we're
not going to do anything at the first meeting. We
always have you come back in a second meeting, and
then we go over ideas and concepts, different ways that
we think we can help you manage your assets and
facilitating what you're looking for. It's never ever a negative
(24:41):
to get a second opinion. I do it myself no
matter what I do in my life. A lot of
times I never go to one particular person. If I'm
buying a car, I'll go to car couple car dealerships.
If I'm looking for a doctor, I'll get a recommendation,
and maybe I'll go to another doctor. But the thing
is is that with your financial assets, if you're looking
(25:03):
for strategies for investing protecting your money, how do you
do that. Well, you go out and you kick the
tires of a couple of different financial firms and they
basically tell you how they manage money. And I said,
when I started forty three years ago, the financial services
(25:24):
industry was entirely different than it is today.
Speaker 3 (25:27):
Today.
Speaker 2 (25:27):
It's team today, it's wealth management today, It's complicated because
there's so many things out there that can combat and
basically really hurt you. The big thing, of course, what
we're going to talk a little bit about in our
second half hour is healthcare and long term care. No
(25:48):
one likes to talk about it, no one likes to
have that conversation. But I've seen families, loved ones devastated
because they didn't have their estates set up properly and
they went through a lot of their life savings for
something that they didn't necessarily have to pay for. So
we'll discuss that in greater detail when I come back
(26:09):
from the break. I know that, as I said, we
haven't any callers yet, but I'm hoping that somebody breaks
the ice today. Like I said, this is not Babbel Radio,
this is talk Radio. You can call us today at
three one five four two one ninety seven ninety seven.
That's three one five four two one WSYR.
Speaker 3 (26:31):
We're live.
Speaker 2 (26:32):
I'll be right back after this quick message.
Speaker 3 (26:44):
All right, we are back.
Speaker 4 (26:47):
Jesus.
Speaker 2 (26:49):
You know, for the people that have listened to the
show for a while, I apologize today too. You know,
I'm fighting a cold, as you can probably tell by
my voice, and when you fight a cold, of course
you're reaching for water and cough drops and all the
other stuff. But if you're not a frequent listener of
(27:12):
the show, you know that I played basketball high school
and college, and I coached basketball, and I'm a huge
Syracuse basketball fan. I have been for years. My son,
who works with me, is a huge QUS fan, and
we attend the games. But the bottom line gets down
to I worry about sports. Sports was so important to
(27:38):
me as a kid growing up. I lost my dad
when I was very young, and I think the only
thing that kept me straight was sports. So I have
such a passion and love of sports that I try to,
you know, use much.
Speaker 3 (27:53):
Of a.
Speaker 2 (27:55):
Of an analogy between business, being successful in business and
being you know, dedicated to sports, because the outcome, I
think is very similar. It's amazing how lucky I've been
come by working hard. There was a gentleman the other
day that talked about he got drafted. The reason why
(28:18):
I'm bringing it up, I was so impressed by this
young man. He was drafted by the New England Patriots,
which I have hard time saying the New England Patriots
because I'm a Buffalo Bills fan. But to make a
long story short, he was so appreciative that he got
drafted by New England, and I think, if I'm not mistaken,
(28:40):
he was a tackle from Michigan and I was just
so impressed by his comments. So you get a chance,
you get a chance. Take a look at that. It's
probably somewhere on the internet. But I worry about college
sports because of the nil and what this money is doing.
Speaker 3 (28:57):
To college sports.
Speaker 2 (28:58):
To me, it's not good when I see people leaving
the game, coaches that I respect and admire, and they're
walking away from the game because of you know, it's
more about the dollar than it is about you know,
the life on campus and the interaction, et cetera. And
they're bouncing around like free agents every year. I don't
(29:18):
think it's good for college sports. So that's my sermon
for today.
Speaker 3 (29:22):
Let's go to Robert. We got a question, Robert, you
broke the ice? God bless you brother. Yes, you there,
I'm here, Robert. How are How are you? My good man?
Speaker 4 (29:34):
I'm good. I just kind of a lawyer today that
my catter Adrant accounts start going. I'm over to LPL
Financial and I never heard of them. Who are they
are they any good?
Speaker 2 (29:47):
Well, I will tell you about LPL because you know
we we all of our businesses with Fidelity. We're a
registered investment advisor. I know LPL and I know Category Grant.
It's obvious your financial advisor or your financial team is
making a move. They're moving to another firm. Did you
(30:08):
get a letter that basically said we're moving to a
new firm.
Speaker 4 (30:13):
Yes, well, I guess they didn't so much move as
they got taken over. It sounds like, yeah.
Speaker 2 (30:23):
Well that's not uncommon. That's not uncommon. What's going on.
I can talk a little bit about that when you
hang up. It's something I think you need to be
aware of what's going on in the financial services industry.
But do you have any specific questions? Do you want
me to kind of either grade or look at LPL?
Speaker 4 (30:44):
Well, yeah, I guess maybe my question would be should
I go along with that or or take my money
out and put it somewhere else.
Speaker 2 (30:54):
Well, I never think it's a bad idea for you
to get a second opinion.
Speaker 3 (30:58):
We offer a second opinion.
Speaker 2 (31:01):
So if you want to come in and have a
chat with us, I will I will never speak negative
about another financial firm. But I think you need to
look at you know, what are their capabilities and what
do you need at the stage of your life for
financial services.
Speaker 4 (31:18):
Well, I'm pretty old. I've been in the stock market
since sixty nine or seventy and also real estate and
lots of other things, and so I'm just I love
listening to your show. But you know, I've been around
for this for a long time, and I like Cattery Grant. Okay,
(31:45):
I don't like my current stock lady. She brought the
business from the previous one, and the previous one was better.
But she's okay. I mostly make my own decisions. But
I just don't know what LPL Financial is. I mean,
if I look it up on the internet, will I
get the truth about anything?
Speaker 2 (32:06):
Well, the name, the name of the company is Let's
Go Private Ledger LPL. I know them very well. I
know who are what they you know, it's uh, they're
in a growth mode. If you want to stay on
the line, I'll tell you exactly what's going on in
our business. And I guess then, what's happening in our business, Bob,
is that a lot of guys my age are trying
(32:28):
to basically monetize their books of business.
Speaker 3 (32:32):
And what do I mean by that?
Speaker 2 (32:33):
I mean I've been I've been in the business now
for forty three years. We manage hundreds of millions of
dollars of assets, and if I didn't have a son,
I would probably be looking for a parachute a way
to get out of the business. So what a lot
of people now, seriously, what a lot of people are
doing that are My age is they're going out and
(32:54):
they're being acquired by these other firms and they're getting
a check. They're getting paid to move. Okay, this has
happened for decades in the financial services industry. You know,
when I started at Paine Weber, you know Merrill Lynch
and Morgan Stanley, there would be incentives for you to
(33:16):
basically take your book a business and walk across the
street and there would be a financial reward for you
in order to do that. So I don't know what
the particular situation is with this woman that you're working
with now, but I would not hesitate to get a
second opinion from another investment banking firm to see if
(33:38):
there's a different way for you to have your assets
managed where you feel a little bit more comfortable.
Speaker 4 (33:45):
Well, yeah, it's kind of like drive them down a
road and suddenly earn deep fog.
Speaker 3 (33:52):
Well, I don't know.
Speaker 2 (33:53):
I know, I've been out to Syracuse and Buffalo and
there's been a lot of deep snow, but I don't
know about deep fog.
Speaker 4 (34:00):
I love a bottle of I live north of Syracuse,
almost up to the Great Lake.
Speaker 2 (34:06):
And well you must, well you must like to shovel, then, Bob, you're.
Speaker 4 (34:09):
A good shovel when it was a doozy.
Speaker 3 (34:13):
Yeah, I know, I know all about it. Believe me.
My help, My whole family's involved in Snowmobile. And so
listen if.
Speaker 2 (34:18):
You want to Bobby, if you want to come in
and have a chat with us, I'll be more than
happy to talk to you. We're right on Carrier circle
our office. Just say that you talk to me on
the radio. I want to come in and have a
chat with David. I'll sit down with you and I'll
just tell you face to face what I think.
Speaker 4 (34:33):
Well, that sounds good. I use this same phone number
that you advertised at nine or something else.
Speaker 2 (34:41):
No, I'll give out our telephone number at the office,
and then you can you can do you have a
pen and a piece of paper with you right.
Speaker 3 (34:48):
Now, I do.
Speaker 4 (34:49):
I'm ready to ride.
Speaker 3 (34:51):
Okay.
Speaker 2 (34:52):
It's uh eight eight eight five eight zero one eight
eight eight five I eight zero one nine one nine.
That's our toll free number. And just say listen, I
heard Dave on the radio and I want to come
in to have a chat.
Speaker 3 (35:07):
That's all.
Speaker 4 (35:09):
Through and five eight eight eight five eight zero nine.
Speaker 2 (35:14):
No, it's now. The number is eight eight eight five
eight zero one nine nine.
Speaker 4 (35:23):
That's what I said.
Speaker 2 (35:24):
Okay, I apologize. I apologize. You know, you get to
be my aide. Sometimes you're in.
Speaker 4 (35:31):
I think I am your age and maybe more.
Speaker 3 (35:35):
Well, that's all right.
Speaker 2 (35:36):
As long as you're health, as long as you got
your I'm not eighty, I'm sixty nine. But as long
as you got your your health, then you're fine. You're
in good shape. But I look forward to meeting you,
Bob give it. Give my office a call on Monday
and we'll have a chat.
Speaker 4 (35:48):
Okay. I like your show.
Speaker 2 (35:50):
Thank you, Okay, God bless sir, thank you so much.
I want to get into that a little bit more
detail because I think it's critical and it's one of
the things that I overemphasized at the retirement planning group.
You know, there's a lot of money being waived around
in front of guys like me, money that I never
thought I would ever see in my lifetime as an
(36:11):
incentive to basically sell my.
Speaker 3 (36:13):
Book a business.
Speaker 2 (36:16):
And you know, if I didn't have a son and
I didn't have a succession plan in place, I would
probably sit down. I actually did, to be very honest
with you, at one time, I did sit down, and
I just didn't like what I heard. And what I
heard was is that what's happening is that a lot
of these firms, these private equity firms, are going out
(36:37):
and they're buying books of business such as guys like me,
and they're pulling them, pulling them together, and they're basically
taking that pool of money and they're selling them to
these other organizations for like pension funds. And I've always
been a big believer that if you're in the financial
(36:57):
services business, which we are, and if you're looking for
a financial team, one of the things that you want
to make sure that who stands behind the guy that
you're working with. Just like Bob said, I worked with
this one woman and she was good. This is the
next woman that I'm working with. I don't know, maybe
whatever it is, you know, she didn't do as well
(37:17):
as the other woman did.
Speaker 3 (37:19):
Okay, but.
Speaker 2 (37:21):
You want to make sure if you're in your sixties
and you're working with somebody that's sixty, who's behind that
person that's sixty, that's in their forties and thirties and twenties,
because realistically, realistically, you're going to be working with those
people longer than you would be the person that's sixty
years old, because no one has you know, the crystal ball.
(37:44):
How much longer do I have here on earth? So
make sure that you understand the team. And I emphasize team.
We have a team. We have multiple people that work
through the Retirement Planning Group. All of our business is
held at Fidel even though we're fit with Fidelity, we.
Speaker 3 (38:03):
Can basically manage our assets.
Speaker 2 (38:05):
Through all these other distribution channels Goldman, Sachs, JP, Morgan,
et cetera. But I wanted autonomy, I wanted independence. I
want it open architecture. I didn't want anybody basically telling
me this is what I had to do or I
was limited, limited, but what I could offer my clients.
So not only is it important for you to find
(38:26):
the right financial advisor, it's also important to find the
right team and then and then and then also find
out ultimately when Dave goes to the Green Pastors of retirement,
who am I working with? Who is my successor? Critical
(38:47):
that you understand that, especially with almost eighty five trillion
dollars that's going to be passed on from our generation
to our children and grandchildren.
Speaker 3 (38:56):
But that was a great question.
Speaker 2 (38:57):
Listen, if anybody else has a question, it's three one
four one ninety seven ninety seven. That's three one five
four to two one ninety seven ninety seven. That's three
one five four to two one WSYR. We'll be right
back after this quick message. Hopefully we'll get a couple
more phone calls. The greatest risk in retirement most of
us have no plan for We're insurance to cover the expense.
(39:20):
A long term care event can impoverish a spouse, drain
your life savings, and cost stress and anxiety on your family.
What is your plan and how will you pay for
a long term care event? Call the retirement Planning Group today.
Discuss options you should consider to protect your estate and
have choices and independence. Take action Call today five one eight,
five eight zero one nine nine or RPG retirement.
Speaker 1 (39:46):
Everybody needs the latest time away.
Speaker 5 (39:51):
Say all right, little Chicago, you know, I want to
get back to what I was saying there.
Speaker 2 (40:05):
You know the nil You know, Syracuse is on a
fifty million dollar campaign now for money. I don't know
how you guys feel about it, but you know, I
saw I saw an interview not too long ago on
ESPN and they they were asking one of the analysts basketball,
(40:27):
who's going to win you think next year? In his response,
whoever has the most money. That's what's happening to college
sports in my opinion, which I find very sad. It's
taking some of the you know, when you got eighteen
(40:47):
nineteen year old kids driving around with Bentley's Mercedes, Benz
all sorts of jewelry, millions and millions of dollars being
paid these kids to play a college sport. To me,
it just doesn't sit well. Doesn't sit well. But you
(41:08):
know what, once the horse is out of the barn,
they say, it's impossible to get it back in. I
think our goose has cooked, folks. I think college sports
will never be the same.
Speaker 3 (41:19):
All right.
Speaker 2 (41:20):
We're talking about the foundation a little bit here, pre
and post retirement planning. You know, Bob had a good question. Again,
it's three one five, four to two to one, ninety
seven ninety seven.
Speaker 3 (41:30):
If you have a.
Speaker 2 (41:31):
Question, don't be bashful. Anyone is a good one. If
I can't answer it, I'll tell you. We live in
a crazy world today. You know, I'm a child of
the sixties and seventies, and I'm also aware that technology
(41:54):
has changed our lives so much, even though I'm a
dinosaur when it comes to technology. When I leave the
house now, I don't have my phone. I feel like
I don't have underwear on.
Speaker 3 (42:07):
Right.
Speaker 2 (42:09):
You got to turn around and go back and get
your phone, because God forbid that we don't have contact
with people for you know, a certain period of time.
But that's the world that we live in today. But
it's also when I say the technology will change retirement planning,
I think it's an understatement. And you're still going to
(42:30):
need the face to face meetings. You're still going to
need to have the personal contact with your financial team.
But I think, and my own personal feeling is is
that you're going to see a major change in the
financial services industry over the next three to five years
as far as technology and ultimately how it's going to
(42:52):
I know the younger people today, if you don't have
a website. One of the biggest reasons why we went
to Fidelities because they have all the technology. They spend
a billion dollars. This is even hard to believe. Fidelity
spends a billion dollars a year on technology, a billion
(43:16):
in order to facilitate E money. What I always blow
the horn about and tell everybody how wonderful it is
your dashboard if you haven't seen it and embraced it,
and I mean to me, it's changed my whole personal
financial life. And when I talk to clients about it,
I always tell them, if you want everything in front
(43:38):
of you at the click of a button, your beneficiaries,
your wills, all your legal documents, your financials, it's all
right there on E money. You can be as aggressive
with it as you want to be where you can
just basically use it for your investments, but you can
put everything in there. It has the vault, which is
(44:03):
up in the cloud. The reason why I say this,
and I'm not too sure because I'm on radio throughout
the country. The reason why I say this is because
I'll never forget the day that I landed in Florida
(44:25):
after the hurricane hit, and I went on Benita Beach Road,
which is just south of Fort Myers Beach, and I
drove that road and I literally looked like a nuclear.
Speaker 3 (44:41):
Bomb had gone off.
Speaker 2 (44:44):
And I had clients that lived on that road right
down from docks if you're familiar with the area, which
is the restaurant that was right on the ocean, which
was basically blown away. In all their legal documents, all
the beneficiary forms, anything that they had, policies, life insurance
(45:08):
policies right was all gone. They had no idea where
it was. They didn't know where the house was. I'm
telling you right now, with technology today, you should basically
have everything that you have, your beneficiary forms, your codes
to get into your passwords on this software package. It
(45:30):
will change your life, folks. I can tell you that
for being this is my twenty fifth year in radio,
forty third year in financial services. It will change your life.
Let's go to Mike. Mike's on the phone. You there, Mike, Yes,
I'll have.
Speaker 4 (45:49):
My money in a bank. Hello.
Speaker 3 (45:55):
Yeah, go ahead, sir, You got your money in a bank?
Speaker 4 (45:58):
Yes, I want to put it somewhere where I could
get more money, more interest.
Speaker 3 (46:04):
Okay, have you talked to any financial advisor?
Speaker 4 (46:08):
No, I'm talking to you. That's my first experience.
Speaker 3 (46:12):
Okay.
Speaker 2 (46:13):
Well, the only thing I can say to you is
that there's, you know, depending on your risk and how
much risk that you want to take, there's alternative ways
in order for you to manage your assets in order
to get more income. It's you know, depends on what
you're trying to accomplish. I'll be more than We offer
a complimentary consultation in our office in Syracuse. If you'd
(46:36):
like to come in and have a chat with me,
I'd be more than happy to sit down with you
and go over.
Speaker 3 (46:40):
Some of those ideas.
Speaker 2 (46:42):
We'd like to do that.
Speaker 3 (46:44):
Okay.
Speaker 2 (46:45):
I'll give out my telephone number and hopefully you can
write it down. The name of our company is the
Retirement Planning Group, and we're on Carrier Circle.
Speaker 4 (46:56):
With Retirement Planning.
Speaker 3 (46:59):
Yeah. Do you have a pan a piece of paper
with you now?
Speaker 4 (47:02):
I do?
Speaker 2 (47:03):
Yes.
Speaker 3 (47:04):
Our telephone number is eight eight eight yeah, five eight zero. Yeah.
Speaker 2 (47:20):
Shall I'll call you monday, yep, I'm there Monday, okay, okay,
and we'll sit down with you and we'll have a chat.
I'm out there Tuesday in Syracuse.
Speaker 3 (47:32):
What's your name, David?
Speaker 2 (47:35):
David?
Speaker 4 (47:35):
Okay, I'll write that down too.
Speaker 3 (47:37):
Okay, good, I look forward to meeting you, sir.
Speaker 2 (47:40):
Okay, thank you, God.
Speaker 3 (47:42):
Bless thank you. Okay. Yeah.
Speaker 2 (47:45):
The worst thing that can happen is that you can
have one of my horrible cups of coffee. My wife says,
I like my coffee chewy, and I do this, says
one scoop. I usually do two, at least two. I
like it strong. And I'm gonna find I'm gonna I
(48:06):
don't know. I guess I'm gonna have to ask my
engineer here, Dave. Do we have the ability to take
another phone call, Dave? Or should we basically just let
me summarize here a little bit. I'm gonna wait for okay, okay,
so we're done. We're done for the day with callers.
I enjoy phone calls because I hopefully we're helping you folks.
(48:28):
Hopefully you find this show informative, educational, unbiased, and you
have the ability to make some good decisions on your
own personal wellbeing. That's my goal. That's my goal. If
we happen to work together. You know, the old Golden rule.
If I do good for you, we all make out.
(48:51):
We all make out. But I will say this the
key to a good, good financial relationship. It's no different
than a marriage. What you're dating is you got to
trust the person. You got to trust the person, trust
or bust. Right, So we're pretty open, we're pretty straightforward.
(49:12):
We don't try to shoot for the moon. Like I said,
we want to get competitive rates and returns. We want
to put you in a position where something happens. It's
not going to be a lawyer's dream in order. Everything's
going to go through probate.
Speaker 3 (49:27):
Right.
Speaker 2 (49:28):
Some powerful things you can do while you're alive with
beneficiary forms trust titling assets pod tod You can basically
have your estate probate free by titling, simply by just
titling your assets, you know, properly. So in the Aubny
(49:56):
area where we've got a dinner seminar coming up on
May twentieth, I'm trying to put one together now for
the Syracuse region where we have a dinner presentation in September,
and I'll keep you abreast of that. That's something that
I'm working on right now. But we like to have
contact with existing and prospective clients. So hopefully we can
(50:22):
finalize that we're working on it right now and I
can give you some more information on that over the
next couple of weeks. But again, we do offer a
complimentary consultation at our office on Carrier Circle. If you'd
like to commem in and have a chat with us,
you want to speak to me, be more than happy
to sit down with you. I'm in Syracuse, I think
on Tuesday this week, and if you want to sit
(50:46):
down and have a chat, it's pretty simple. You just
dial eight eighty eight five eight zero one nine nine,
or you can check us out on the web.
Speaker 3 (50:57):
OURPG.
Speaker 2 (50:58):
It's just our Initials Retirement Plan Group RPG retire dot
com RPG retire dot com and just say hey, listen.
You know there's a little section there where you can
click it and say, listen to Dave on the radio.
I want to come in and you know, have a
chat about my own personal situation and it would be
an honor for us to do that. So again, why
(51:21):
don't you have a great week. God bless our Pope.
Pope passed away and his funeral was today.
Speaker 1 (51:55):
Thank you for listening to the Retirement Planning show hosted
by Dave Kopec. If you would like to talk with
Dave or someone at the Retirement Planning Group, called eight
eight eight five eight zero one nine one nine. That's
eight eight eight five eight zero one nine one nine
during business hours, or visit rpgretire dot com. The Retirement
Planning Group has five convenient offices located in Syracuse, Audiata, Albany, Malta,
(52:19):
and Glen Falls. Tune in next week for retirement planning
strategies with Dave Kopeck right here on WSYRS The Retirement
Planning Show. Right here on WSYRS, The Retirement Planning Show
Live from the ws iHeart Studios. Welcome to the Retirement
Planning Show with your host Dave Kopek from the Retirement
Planning Group. Every week, Dave Kopek and his team discuss
the ways they can help people make informed decisions about
a wide array of retirement planning information that can support
you in developing a more certain financial future for you
(00:25):
and your family. No, it's time for the Retirement Planning Show.
Speaker 2 (00:36):
I got all right, Good afternoon, Syracuse. I'm David Kopek,
your host. This is the Retirement Planning Show. Hopefully you're
enjoying your weekend. I am getting a little extra R
(00:58):
and R N this weekend, so hopefully you are. I
know it's one of those days. I'm talking to you
from the Capital District region and I just want to
make sure that I'm not too sure if you're getting
the weather that we are. But we've had a little
(01:19):
bit of rain here, a little bit of rain, so
hopefully that gives you some time to maybe do a
little reading or check up on some things that you
want to do internally in the house. But this is
talk radio, folks, this is not Babbel Radio. I say
that every week I think It always makes it much
more interesting for the listener when we get questions, and
(01:41):
we love questions. I'll tell you a little bit about
who we are and what we do. We are the
Retirement Planning Group. We have five locations in New York State.
All we do is pre and post retirement planning. So
whether you're twenty five, fifty five, or eighty five, we
basically do all the things that are necessary in order
(02:05):
for you to go to the promised land of retirement.
Retirement has changed a lot, folks, a lot. It's changed
so much since I started in this business forty three
years ago, and I try to bring topics in conversation
about the things that you're gonna have to deal with
(02:28):
as you progress through your post retirement years. But as always,
one of the things that I like to try to emphasize,
as I did at the very beginning of today's show,
this is talk radio. And when I say it's talk radio,
we open the lines for your questions. Three one five,
(02:49):
four to two one ninety seven ninety seven. That's three
one five four to two one ninety seven ninety seven.
That's three one five four to two one WSYR any
question all whether it's on investment management, asset protection, legacy planning,
transfer of wealth. After being in this business now for
(03:11):
forty three years, there really hasn't been too much that
I haven't seen in regards to financial planning retirement planning.
But I want to get into a couple of things
today before we get our phone calls in here. I
want to talk a little bit about the markets. And
the reason why I want to talk about it is
(03:34):
because if you look at the numbers for the week,
they've been pretty substantial. And I'm not a week to
week guy. You know, I'm a long term investor and
I'm in the Warren Buffett camp. If you're not willing
to stay in the markets for ten years, you shouldn't
be in the markets for ten minutes. But bottom line
gets down to is that this past week we had
(03:57):
a very strong market, and we also had a rally
in the bond market. But when I say that we
had a strong market, we've captured back about ten percent
of the losses that we've experienced so far in twenty
twenty five. And with that it should give you a
little bit of ease peace of mind that trying to
(04:21):
time the market is fuel it's just impossible to do.
So the thing is is that what we like to
do is to kind of go over a little bit
of what our method to our madness is as far
as retirement planning, why we have certain types of assets
that we allocate into for our clients, but also why
(04:44):
it's important for you to understand that you need to
get ahead of the game. What do I mean by
getting ahead of the game. We're big believers that once
you start contemplating your retirement at age fifty five, fifty eight,
fifty nine, you want to start building out your plan,
you want to start building out the team that you're
working with. And when I say that, you have the
(05:07):
ability at age fifty nine and a half to do
what they call an in service distribution from your four
oh one K and take that money and roll it
into a self directed I ray and start building out
what we call the buckets of money. It's a non
taxable event, and that means that you can now roll
that money into an investment platform that's going to facilitate
(05:31):
your needs, your desires, and also the types of investments
that you want to select. Typically, typically with an employer's plan,
you're limited on the types of investments that you can
allocate into. They have a selection of investments, you allocate
into the ones that you feel comfortable with, and then
(05:53):
you basically sit down, hopefully with someone to get a
better understanding exactly the type of risk that you're willing
to accept and can you get to the destination and
the pool of money that you're looking for. Personally, I
believe that a lot of you are not having those conversations.
(06:15):
A lot of people have water cooler conversations. And at
age fifty nine and a half, like I said, you
can now take that money and you can roll it
into a self directed IRA. What that allows you to
do now is to get professional advice. You could work
with a financial team in order to accomplish what you're
trying to accomplish in order for you to walk out
(06:38):
the door and go into your retirement years. So there's
really three components that we talk about all the time.
We talk about baseline income, We talk about proper selection
of your Social Security benefits, and we talk about flexibility,
the ability for you to basically have a portfolio that
(07:02):
gives you the opportunity to adjust it when you need
to adjust it. So we'll talk about the front end
baseline income. We have a software package through Fidelity that
the Retirement Planning Group utilizes called e money, And what
E money does is that it basically gives you a
snapshot what I call the dashboard of your financial life.
(07:26):
Not only can you put your assets that you're managing
into the e money software package, you can also do
any other assets that you've got on the sidelines.
Speaker 3 (07:36):
You can do your credit cards, you.
Speaker 2 (07:38):
Can do any mortgages that you might have, and it
basically gives you an active p and l of exactly
where you stand in your financial life. Why is this important?
Not understanding where you are and not having a plan
any destination will do. I am a major maj your
(08:00):
believer in building out a plan. And the sooner you
facilitate that, the more peace of mind that you'll have
and you'll have a better understanding of what you're going
to be able to accomplish with your pre and post
retirement years. For most of us, about nine out of
ten of the boomers right now do not have pension benefits.
(08:22):
So that means all the money that we've accumulated in
our lifetime iras four oh one k's TSAs four H
three b's all that money basically has to be managed
in order to facilitate creating a check rather than receiving
a check. For a lot of us, we're going to
(08:44):
be able to take that money, consolidate it, simplify it,
and basically build out a plan that's going to facilitate
what we need as far as dollars and cents in
order to have quality of life. Not understanding your investments,
not understanding the investment risk is critical.
Speaker 3 (09:09):
So can you give that to me again? I apologize? Okay, okay.
Speaker 2 (09:17):
Not understanding the risks that are associated with your portfolio
are critical.
Speaker 3 (09:23):
Now.
Speaker 2 (09:23):
A lot of people like the go go accounts right
they get into the retirement years and they're still too
heavily weighted into stocks. They have too much allocated in
what we call high flyers. Those are the individuals that
typically we'll call our office and basically say I want
to come in and have a consultation with you because
(09:44):
we just don't feel comfortable how we're allocated with our
money right now. The mag seven's might be identical to
what those investment portfolios are. Too much risks, too much
allocated to growth rather than diving in cash. Flow and conservation.
So when we talk about building out a retirement income
distribution plan, we want to talk about baseline income. We
(10:08):
want to talk about building out a plan that will
satisfy your basic expenses in order to facilitate what you
need to pay the bills, the rent, the utilities, the food,
the taxes, etc. Anything over and above that, right, we
want to allocate money that's going to give us some
(10:30):
growth potential in order for us to facilitate cost of
living adjustments that we're going to have inflation. Just like
Social Security has a cola, we want to be able
to make sure that our investment portfolio has a cola.
Because I was just talking this morning and we're discussing
(10:51):
an article that I read about artificial intelligence, and that
article basically said that most individuals that are pre retirement
over the next five years, they believe that artificial intelligence
will have a huge impact on our life expectancy, where
(11:12):
most of us will live past the age of one hundred.
So if that is the case, and you're retiring at
age sixty or sixty five, and you work for XYZ
Corporation for the last thirty or thirty five years, there's
a good chance that you're going to have to manage
your money as long in retirement than you did during
(11:32):
your accumulation years, and the dynamics of that can be
daunting trying to figure out how I need to allocate
money in order to facilitate quality of life, cost of living,
and also preserving these assets to make sure that the
money doesn't go away before I go away. So I'm
(11:53):
going to take my first break. When we come back,
I'm going to talk a little bit more about how
to allocate your money pre retirement three to five years
before you retire, and how to allocate your money after
you retire in order to basically facilitate what you're looking for.
But again, this is talk radio. We always love questions
(12:16):
because I think it makes it much more interesting. Three
one five four to two one ninety seven ninety seven.
That's three one five four to two one ninety seven
ninety seven. If you have a question on anything about
your investments, iras, four oh one KS, transfer of wealth,
long term care, Hopefully I can direct you in the
(12:37):
right way. If not, usually what I do is I
come back the next week and I give you the answer.
But again it's three one five four to two one,
ninety seven ninety seven. I'm Dave Kopek, the president of
the Retirement Planning Group. We'll be right back. Will you
run out of money in retirement? Will your investments provide
income for possibly decades? How do you navigate the two
greatest risk in retirement sequence of retires in longevity? At
(13:01):
the Retirement Planning Group, our Bucket of Money approach addresses
these concerns and we offer a complimentary consultation to discuss
this with you. Call our office today for a free
complimentary consultation to develop your own personal retirement income distribution
plan at five eight five eight zero one nine. That's
five eight, five eight zero.
Speaker 3 (13:29):
Take me to him. All right, we are back.
Speaker 2 (13:42):
I'm Dave Kopeck, your host. Sorry to believe this is
my twenty fifth year in radio. We're here to educate you,
inform me on probably for a lot of us, you
have to make some critical decisions to basically put yourself
in a position that you can enjoy your retirement years.
(14:04):
And you're not going to be in a position where
you're going to have high anxiety and stress.
Speaker 3 (14:09):
That's not retirement. That's not retirement.
Speaker 2 (14:12):
So I have found that over the last forty three
years of doing this that there's some basic things that
need to get done in order for you to have
quality of life comfort and also to be able to
do all the things that you want to do in
your retirement without the word called stress. And what that
(14:38):
is is that baseline income is one of the things
that we overemphasize at the retirement planning group. Now, as
I've said over and over and over again, not everybody
has a pension benefit, and the people that do have
(15:02):
pension benefits, especially if it's husband and wife, it makes
it much easier for us as financial advisors to facilitate
what you're looking for for income distribution during your retirement years.
We work with a lot of teachers, we work with
a lot of state troopers, who work with a lot
(15:22):
of state retirees. And those individuals are very fortunate. Yes,
they've earned it, they've worked hard, and now they have
pension benefits. But because they have pension benefits, their models
how we allocate their money is entirely different than someone
that does not have a pension benefit. Because with those
(15:45):
individuals that guaranteed income streams off of pension benefits and
solid security, we can be a little bit more aggressive
on how we allocate the monies in their retirement accounts
if that's what they want. If that's what they want,
and I have found sometimes that to tell your financial
(16:06):
team that you're adverse to risk, that you really don't
need to hit home runs, you're happy with singles and doubles,
is not something that you should be ashamed of. It's
something that you should embrace and say, hey, listen, I've
worked hard, I have this money. I'm really happy if
I get five, six, seven percent. I don't need to
(16:27):
get eight, nine, ten, twelve percent because I know if
I shoot for the moon, I got the risk that
having much more volatility in my portfolio, and I don't
want that.
Speaker 3 (16:38):
And that's fine.
Speaker 2 (16:40):
There's rates right now that you can get that are
four or five percent guaranteed. You have to wait, of course,
for a certain period of time, like a CD or
a GICK or an NYGA that basically gives you guaranteed
principle and interest. But the bottom line gets down to
is that whatever the coupon is, whatever the guaranteed rate is,
(17:03):
that's what you get. And a lot of people are
very happy with that. Now for most of us that
do not have pension benefits. Now we have to create
portfolios that are going to facilitate not only current income,
but the ability to have growth in your portfolio in
order to facilitate the cost of living, gas, electric, all
(17:28):
the bills healthcare, which is critical for a lot of.
Speaker 3 (17:31):
Us right now that are in our retirement years.
Speaker 2 (17:36):
So there are strategies that we utilize at the Retirement
Planning Group that we want to make sure that you
understand the risks that are associated with managing assets, but
also the risks that are associated with allocating money to
certain types of investments that you can basically have suspenders
in the belt on your portfolio.
Speaker 3 (17:58):
What does that mean?
Speaker 2 (18:00):
That means they're The key word right now that we
hear on Wall Street is two things alternative investments and
buffered products. Now, there's ETFs that are buffered products that
basically give you protection on the downside. There are annuity
products right now that are on the markets that are
(18:21):
called buffer products. They give you protection on the downside.
They're complicated, you need to understand them. But for some
of you that a lot that have stock market participation
with basically some type of protection on the downside, they
might be something that would be very suitable for you,
(18:44):
because there's nothing worse than being shaken out of the
market and then you've locked in your losses and now
you're petrified. You don't know which direction to move in
in regards to how I ultimately want to have my
money managed. Now, now I can tell you at the
Retirement Planning Group, when we just went through this current
gyration that we had in the market, our phones really
(19:07):
did not ring that much. And the reason for that,
and I'm not patting ourselves on the back, We basically
do a lot of work on the front end so
people understand exactly how we're allocating the money in order
to facilitate what they're looking for. I did a conference
call a couple of weeks ago for our clients basically
went over what I thought was going to happen. And
(19:29):
the thing is is that I've seen so many shocks
to the market since nineteen eighty two when I started
in this business, not only black swan events, bear markets,
financial crisis, flash crashes, and go through the whole laundry
the COVID. The markets have its tendency to be resilient.
(19:50):
They bounced back. So you learned from the strategies that
you put in place, you learned from your experience. But
the bottom line gets down to is that any plan
that you might have in place that's causing you anxiety
is really not a good plan.
Speaker 3 (20:09):
Is not a good plan.
Speaker 2 (20:11):
So what we try to do is to facilitate what
the clients want because we fill out a form when
you initially start with us. It's called an RTQ. What's
an RTQ, It's a risk tolerance questionnaire. It allows us
to get an idea of where you are as far
as your overall ability to assume risk in your portfolio.
(20:35):
The analogy that I like to use is the roller
coaster now when I was a kid growing up, and
it's still there. It's called the Great Escape by Lake George.
They got about two or three different roller coasters up there.
They got the small one and they got this huge
(20:56):
one that basically, you know you're gonna get a lot
of on the big one. On the small one, you're
going to get some thrills, but you're not going to
get anywhere near the anxiety and stress that the big
one gives you. And that's no different when if investing
your assets, the more you shoot for the moon the
larger the roller coaster is, the less you shoot for
(21:18):
the moon, the more minimal the roller coaster is. And
I call it the waves rather than high spikes. So
bottom line gets down to is that I know it's hard.
I know it's hard, and I know it's difficult sometimes
to weather the storms. But there's a lot of times
that we tell individuals that are a little bit problematic
(21:42):
as far as their desire to accept the amount of
risks that they have allocated in their portfolio, is that
then once the market heals, you should come in and
have a conversation with us to see if there's other
opportunities out there in order to facilitate what you need
to do in order to have the type of portfolio
(22:03):
that allows you to sleep at night and not have anxiety.
You know, we protect our home with insurance products, we
protect our cars with insurance products. We protect a lot
(22:26):
of risk that's associated with risk where we basically have
a hedge. We have someone that will step up and
basically protect our either our home, our car, our boat.
But for a lot of us, we basically fly by
the seat of our belt and we don't protect. We
(22:51):
don't protect the assets that we've worked so hard for
all those years that we've accumulated assets. There are strategies.
There are ways to get stock market participation, competitive rates
or returns and not be in a position where you're
causing yourself high anxiety and stress with your overall plan.
(23:14):
Now are they suitable for everybody, Absolutely no, they're not.
But for some individuals that are looking for competitive rates
or returns, competitive rates of returns and not and not
have their hair on fire when the market goes through
the gyrations, there are ways that you can do that.
(23:37):
So bottom line gets down to We have an office
in Syracuse. We offer a complementary consultation to the radio listeners.
We've had a lot of people from the radio show
come in have a chat with us. We're over there
on Carrier Circle. If you'd like to come in and say, hey, listen,
(23:58):
I listened to Dave on the radio. I want a
second opinion. Want to come in and have somebody basically
look at how we're allocating our money currently and if
there's other ideas or suggestions. The worst thing that can
happen is that we have a nice chat, we become friends.
Speaker 3 (24:16):
There's a lot of.
Speaker 2 (24:16):
People that come in and we say, hey, listen, you're
in good shape. Some people come in and we say,
hey listen, we think we can help you, but we're
not going to do anything at the first meeting. We
always have you come back in a second meeting, and
then we go over ideas and concepts, different ways that
we think we can help you manage your assets and
facilitating what you're looking for. It's never ever a negative
(24:41):
to get a second opinion. I do it myself no
matter what I do in my life. A lot of
times I never go to one particular person. If I'm
buying a car, I'll go to car couple car dealerships.
If I'm looking for a doctor, I'll get a recommendation,
and maybe I'll go to another doctor. But the thing
is is that with your financial assets, if you're looking
(25:03):
for strategies for investing protecting your money, how do you
do that. Well, you go out and you kick the
tires of a couple of different financial firms and they
basically tell you how they manage money. And I said,
when I started forty three years ago, the financial services
(25:24):
industry was entirely different than it is today.
Speaker 3 (25:27):
Today.
Speaker 2 (25:27):
It's team today, it's wealth management today, It's complicated because
there's so many things out there that can combat and
basically really hurt you. The big thing, of course, what
we're going to talk a little bit about in our
second half hour is healthcare and long term care. No
(25:48):
one likes to talk about it, no one likes to
have that conversation. But I've seen families, loved ones devastated
because they didn't have their estates set up properly and
they went through a lot of their life savings for
something that they didn't necessarily have to pay for. So
we'll discuss that in greater detail when I come back
(26:09):
from the break. I know that, as I said, we
haven't any callers yet, but I'm hoping that somebody breaks
the ice today. Like I said, this is not Babbel Radio,
this is talk Radio. You can call us today at
three one five four two one ninety seven ninety seven.
That's three one five four two one WSYR.
Speaker 3 (26:31):
We're live.
Speaker 2 (26:32):
I'll be right back after this quick message.
Speaker 3 (26:44):
All right, we are back.
Speaker 4 (26:47):
Jesus.
Speaker 2 (26:49):
You know, for the people that have listened to the
show for a while, I apologize today too. You know,
I'm fighting a cold, as you can probably tell by
my voice, and when you fight a cold, of course
you're reaching for water and cough drops and all the
other stuff. But if you're not a frequent listener of
(27:12):
the show, you know that I played basketball high school
and college, and I coached basketball, and I'm a huge
Syracuse basketball fan. I have been for years. My son,
who works with me, is a huge QUS fan, and
we attend the games. But the bottom line gets down
to I worry about sports. Sports was so important to
(27:38):
me as a kid growing up. I lost my dad
when I was very young, and I think the only
thing that kept me straight was sports. So I have
such a passion and love of sports that I try to,
you know, use much.
Speaker 3 (27:53):
Of a.
Speaker 2 (27:55):
Of an analogy between business, being successful in business and
being you know, dedicated to sports, because the outcome, I
think is very similar. It's amazing how lucky I've been
come by working hard. There was a gentleman the other
day that talked about he got drafted. The reason why
(28:18):
I'm bringing it up, I was so impressed by this
young man. He was drafted by the New England Patriots,
which I have hard time saying the New England Patriots
because I'm a Buffalo Bills fan. But to make a
long story short, he was so appreciative that he got
drafted by New England, and I think, if I'm not mistaken,
(28:40):
he was a tackle from Michigan and I was just
so impressed by his comments. So you get a chance,
you get a chance. Take a look at that. It's
probably somewhere on the internet. But I worry about college
sports because of the nil and what this money is doing.
Speaker 3 (28:57):
To college sports.
Speaker 2 (28:58):
To me, it's not good when I see people leaving
the game, coaches that I respect and admire, and they're
walking away from the game because of you know, it's
more about the dollar than it is about you know,
the life on campus and the interaction, et cetera. And
they're bouncing around like free agents every year. I don't
(29:18):
think it's good for college sports. So that's my sermon
for today.
Speaker 3 (29:22):
Let's go to Robert. We got a question, Robert, you
broke the ice? God bless you brother. Yes, you there,
I'm here, Robert. How are How are you? My good man?
Speaker 4 (29:34):
I'm good. I just kind of a lawyer today that
my catter Adrant accounts start going. I'm over to LPL
Financial and I never heard of them. Who are they
are they any good?
Speaker 2 (29:47):
Well, I will tell you about LPL because you know
we we all of our businesses with Fidelity. We're a
registered investment advisor. I know LPL and I know Category Grant.
It's obvious your financial advisor or your financial team is
making a move. They're moving to another firm. Did you
(30:08):
get a letter that basically said we're moving to a
new firm.
Speaker 4 (30:13):
Yes, well, I guess they didn't so much move as
they got taken over. It sounds like, yeah.
Speaker 2 (30:23):
Well that's not uncommon. That's not uncommon. What's going on.
I can talk a little bit about that when you
hang up. It's something I think you need to be
aware of what's going on in the financial services industry.
But do you have any specific questions? Do you want
me to kind of either grade or look at LPL?
Speaker 4 (30:44):
Well, yeah, I guess maybe my question would be should
I go along with that or or take my money
out and put it somewhere else.
Speaker 2 (30:54):
Well, I never think it's a bad idea for you
to get a second opinion.
Speaker 3 (30:58):
We offer a second opinion.
Speaker 2 (31:01):
So if you want to come in and have a
chat with us, I will I will never speak negative
about another financial firm. But I think you need to
look at you know, what are their capabilities and what
do you need at the stage of your life for
financial services.
Speaker 4 (31:18):
Well, I'm pretty old. I've been in the stock market
since sixty nine or seventy and also real estate and
lots of other things, and so I'm just I love
listening to your show. But you know, I've been around
for this for a long time, and I like Cattery Grant. Okay,
(31:45):
I don't like my current stock lady. She brought the
business from the previous one, and the previous one was better.
But she's okay. I mostly make my own decisions. But
I just don't know what LPL Financial is. I mean,
if I look it up on the internet, will I
get the truth about anything?
Speaker 2 (32:06):
Well, the name, the name of the company is Let's
Go Private Ledger LPL. I know them very well. I
know who are what they you know, it's uh, they're
in a growth mode. If you want to stay on
the line, I'll tell you exactly what's going on in
our business. And I guess then, what's happening in our business, Bob,
is that a lot of guys my age are trying
(32:28):
to basically monetize their books of business.
Speaker 3 (32:32):
And what do I mean by that?
Speaker 2 (32:33):
I mean I've been I've been in the business now
for forty three years. We manage hundreds of millions of
dollars of assets, and if I didn't have a son,
I would probably be looking for a parachute a way
to get out of the business. So what a lot
of people now, seriously, what a lot of people are
doing that are My age is they're going out and
(32:54):
they're being acquired by these other firms and they're getting
a check. They're getting paid to move. Okay, this has
happened for decades in the financial services industry. You know,
when I started at Paine Weber, you know Merrill Lynch
and Morgan Stanley, there would be incentives for you to
(33:16):
basically take your book a business and walk across the
street and there would be a financial reward for you
in order to do that. So I don't know what
the particular situation is with this woman that you're working
with now, but I would not hesitate to get a
second opinion from another investment banking firm to see if
(33:38):
there's a different way for you to have your assets
managed where you feel a little bit more comfortable.
Speaker 4 (33:45):
Well, yeah, it's kind of like drive them down a
road and suddenly earn deep fog.
Speaker 3 (33:52):
Well, I don't know.
Speaker 2 (33:53):
I know, I've been out to Syracuse and Buffalo and
there's been a lot of deep snow, but I don't
know about deep fog.
Speaker 4 (34:00):
I love a bottle of I live north of Syracuse,
almost up to the Great Lake.
Speaker 2 (34:06):
And well you must, well you must like to shovel, then, Bob, you're.
Speaker 4 (34:09):
A good shovel when it was a doozy.
Speaker 3 (34:13):
Yeah, I know, I know all about it. Believe me.
My help, My whole family's involved in Snowmobile. And so
listen if.
Speaker 2 (34:18):
You want to Bobby, if you want to come in
and have a chat with us, I'll be more than
happy to talk to you. We're right on Carrier circle
our office. Just say that you talk to me on
the radio. I want to come in and have a
chat with David. I'll sit down with you and I'll
just tell you face to face what I think.
Speaker 4 (34:33):
Well, that sounds good. I use this same phone number
that you advertised at nine or something else.
Speaker 2 (34:41):
No, I'll give out our telephone number at the office,
and then you can you can do you have a
pen and a piece of paper with you right.
Speaker 3 (34:48):
Now, I do.
Speaker 4 (34:49):
I'm ready to ride.
Speaker 3 (34:51):
Okay.
Speaker 2 (34:52):
It's uh eight eight eight five eight zero one eight
eight eight five I eight zero one nine one nine.
That's our toll free number. And just say listen, I
heard Dave on the radio and I want to come
in to have a chat.
Speaker 3 (35:07):
That's all.
Speaker 4 (35:09):
Through and five eight eight eight five eight zero nine.
Speaker 2 (35:14):
No, it's now. The number is eight eight eight five
eight zero one nine nine.
Speaker 4 (35:23):
That's what I said.
Speaker 2 (35:24):
Okay, I apologize. I apologize. You know, you get to
be my aide. Sometimes you're in.
Speaker 4 (35:31):
I think I am your age and maybe more.
Speaker 3 (35:35):
Well, that's all right.
Speaker 2 (35:36):
As long as you're health, as long as you got
your I'm not eighty, I'm sixty nine. But as long
as you got your your health, then you're fine. You're
in good shape. But I look forward to meeting you,
Bob give it. Give my office a call on Monday
and we'll have a chat.
Speaker 4 (35:48):
Okay. I like your show.
Speaker 2 (35:50):
Thank you, Okay, God bless sir, thank you so much.
I want to get into that a little bit more
detail because I think it's critical and it's one of
the things that I overemphasized at the retirement planning group.
You know, there's a lot of money being waived around
in front of guys like me, money that I never
thought I would ever see in my lifetime as an
(36:11):
incentive to basically sell my.
Speaker 3 (36:13):
Book a business.
Speaker 2 (36:16):
And you know, if I didn't have a son and
I didn't have a succession plan in place, I would
probably sit down. I actually did, to be very honest
with you, at one time, I did sit down, and
I just didn't like what I heard. And what I
heard was is that what's happening is that a lot
of these firms, these private equity firms, are going out
(36:37):
and they're buying books of business such as guys like me,
and they're pulling them, pulling them together, and they're basically
taking that pool of money and they're selling them to
these other organizations for like pension funds. And I've always
been a big believer that if you're in the financial
(36:57):
services business, which we are, and if you're looking for
a financial team, one of the things that you want
to make sure that who stands behind the guy that
you're working with. Just like Bob said, I worked with
this one woman and she was good. This is the
next woman that I'm working with. I don't know, maybe
whatever it is, you know, she didn't do as well
(37:17):
as the other woman did.
Speaker 3 (37:19):
Okay, but.
Speaker 2 (37:21):
You want to make sure if you're in your sixties
and you're working with somebody that's sixty, who's behind that
person that's sixty, that's in their forties and thirties and twenties,
because realistically, realistically, you're going to be working with those
people longer than you would be the person that's sixty
years old, because no one has you know, the crystal ball.
(37:44):
How much longer do I have here on earth? So
make sure that you understand the team. And I emphasize team.
We have a team. We have multiple people that work
through the Retirement Planning Group. All of our business is
held at Fidel even though we're fit with Fidelity, we.
Speaker 3 (38:03):
Can basically manage our assets.
Speaker 2 (38:05):
Through all these other distribution channels Goldman, Sachs, JP, Morgan,
et cetera. But I wanted autonomy, I wanted independence. I
want it open architecture. I didn't want anybody basically telling
me this is what I had to do or I
was limited, limited, but what I could offer my clients.
So not only is it important for you to find
(38:26):
the right financial advisor, it's also important to find the
right team and then and then and then also find
out ultimately when Dave goes to the Green Pastors of retirement,
who am I working with? Who is my successor? Critical
(38:47):
that you understand that, especially with almost eighty five trillion
dollars that's going to be passed on from our generation
to our children and grandchildren.
Speaker 3 (38:56):
But that was a great question.
Speaker 2 (38:57):
Listen, if anybody else has a question, it's three one
four one ninety seven ninety seven. That's three one five
four to two one ninety seven ninety seven. That's three
one five four to two one WSYR. We'll be right
back after this quick message. Hopefully we'll get a couple
more phone calls. The greatest risk in retirement most of
us have no plan for We're insurance to cover the expense.
(39:20):
A long term care event can impoverish a spouse, drain
your life savings, and cost stress and anxiety on your family.
What is your plan and how will you pay for
a long term care event? Call the retirement Planning Group today.
Discuss options you should consider to protect your estate and
have choices and independence. Take action Call today five one eight,
five eight zero one nine nine or RPG retirement.
Speaker 1 (39:46):
Everybody needs the latest time away.
Speaker 5 (39:51):
Say all right, little Chicago, you know, I want to
get back to what I was saying there.
Speaker 2 (40:05):
You know the nil You know, Syracuse is on a
fifty million dollar campaign now for money. I don't know
how you guys feel about it, but you know, I
saw I saw an interview not too long ago on
ESPN and they they were asking one of the analysts basketball,
(40:27):
who's going to win you think next year? In his response,
whoever has the most money. That's what's happening to college
sports in my opinion, which I find very sad. It's
taking some of the you know, when you got eighteen
(40:47):
nineteen year old kids driving around with Bentley's Mercedes, Benz
all sorts of jewelry, millions and millions of dollars being
paid these kids to play a college sport. To me,
it just doesn't sit well. Doesn't sit well. But you
(41:08):
know what, once the horse is out of the barn,
they say, it's impossible to get it back in. I
think our goose has cooked, folks. I think college sports
will never be the same.
Speaker 3 (41:19):
All right.
Speaker 2 (41:20):
We're talking about the foundation a little bit here, pre
and post retirement planning. You know, Bob had a good question. Again,
it's three one five, four to two to one, ninety
seven ninety seven.
Speaker 3 (41:30):
If you have a.
Speaker 2 (41:31):
Question, don't be bashful. Anyone is a good one. If
I can't answer it, I'll tell you. We live in
a crazy world today. You know, I'm a child of
the sixties and seventies, and I'm also aware that technology
(41:54):
has changed our lives so much, even though I'm a
dinosaur when it comes to technology. When I leave the
house now, I don't have my phone. I feel like
I don't have underwear on.
Speaker 3 (42:07):
Right.
Speaker 2 (42:09):
You got to turn around and go back and get
your phone, because God forbid that we don't have contact
with people for you know, a certain period of time.
But that's the world that we live in today. But
it's also when I say the technology will change retirement planning,
I think it's an understatement. And you're still going to
(42:30):
need the face to face meetings. You're still going to
need to have the personal contact with your financial team.
But I think, and my own personal feeling is is
that you're going to see a major change in the
financial services industry over the next three to five years
as far as technology and ultimately how it's going to
(42:52):
I know the younger people today, if you don't have
a website. One of the biggest reasons why we went
to Fidelities because they have all the technology. They spend
a billion dollars. This is even hard to believe. Fidelity
spends a billion dollars a year on technology, a billion
(43:16):
in order to facilitate E money. What I always blow
the horn about and tell everybody how wonderful it is
your dashboard if you haven't seen it and embraced it,
and I mean to me, it's changed my whole personal
financial life. And when I talk to clients about it,
I always tell them, if you want everything in front
(43:38):
of you at the click of a button, your beneficiaries,
your wills, all your legal documents, your financials, it's all
right there on E money. You can be as aggressive
with it as you want to be where you can
just basically use it for your investments, but you can
put everything in there. It has the vault, which is
(44:03):
up in the cloud. The reason why I say this,
and I'm not too sure because I'm on radio throughout
the country. The reason why I say this is because
I'll never forget the day that I landed in Florida
(44:25):
after the hurricane hit, and I went on Benita Beach Road,
which is just south of Fort Myers Beach, and I
drove that road and I literally looked like a nuclear.
Speaker 3 (44:41):
Bomb had gone off.
Speaker 2 (44:44):
And I had clients that lived on that road right
down from docks if you're familiar with the area, which
is the restaurant that was right on the ocean, which
was basically blown away. In all their legal documents, all
the beneficiary forms, anything that they had, policies, life insurance
(45:08):
policies right was all gone. They had no idea where
it was. They didn't know where the house was. I'm
telling you right now, with technology today, you should basically
have everything that you have, your beneficiary forms, your codes
to get into your passwords on this software package. It
(45:30):
will change your life, folks. I can tell you that
for being this is my twenty fifth year in radio,
forty third year in financial services. It will change your life.
Let's go to Mike. Mike's on the phone. You there, Mike, Yes,
I'll have.
Speaker 4 (45:49):
My money in a bank. Hello.
Speaker 3 (45:55):
Yeah, go ahead, sir, You got your money in a bank?
Speaker 4 (45:58):
Yes, I want to put it somewhere where I could
get more money, more interest.
Speaker 3 (46:04):
Okay, have you talked to any financial advisor?
Speaker 4 (46:08):
No, I'm talking to you. That's my first experience.
Speaker 3 (46:12):
Okay.
Speaker 2 (46:13):
Well, the only thing I can say to you is
that there's, you know, depending on your risk and how
much risk that you want to take, there's alternative ways
in order for you to manage your assets in order
to get more income. It's you know, depends on what
you're trying to accomplish. I'll be more than We offer
a complimentary consultation in our office in Syracuse. If you'd
(46:36):
like to come in and have a chat with me,
I'd be more than happy to sit down with you
and go over.
Speaker 3 (46:40):
Some of those ideas.
Speaker 2 (46:42):
We'd like to do that.
Speaker 3 (46:44):
Okay.
Speaker 2 (46:45):
I'll give out my telephone number and hopefully you can
write it down. The name of our company is the
Retirement Planning Group, and we're on Carrier Circle.
Speaker 4 (46:56):
With Retirement Planning.
Speaker 3 (46:59):
Yeah. Do you have a pan a piece of paper
with you now?
Speaker 4 (47:02):
I do?
Speaker 2 (47:03):
Yes.
Speaker 3 (47:04):
Our telephone number is eight eight eight yeah, five eight zero. Yeah.
Speaker 2 (47:20):
Shall I'll call you monday, yep, I'm there Monday, okay, okay,
and we'll sit down with you and we'll have a chat.
I'm out there Tuesday in Syracuse.
Speaker 3 (47:32):
What's your name, David?
Speaker 2 (47:35):
David?
Speaker 4 (47:35):
Okay, I'll write that down too.
Speaker 3 (47:37):
Okay, good, I look forward to meeting you, sir.
Speaker 2 (47:40):
Okay, thank you, God.
Speaker 3 (47:42):
Bless thank you. Okay. Yeah.
Speaker 2 (47:45):
The worst thing that can happen is that you can
have one of my horrible cups of coffee. My wife says,
I like my coffee chewy, and I do this, says
one scoop. I usually do two, at least two. I
like it strong. And I'm gonna find I'm gonna I
(48:06):
don't know. I guess I'm gonna have to ask my
engineer here, Dave. Do we have the ability to take
another phone call, Dave? Or should we basically just let
me summarize here a little bit. I'm gonna wait for okay, okay,
so we're done. We're done for the day with callers.
I enjoy phone calls because I hopefully we're helping you folks.
(48:28):
Hopefully you find this show informative, educational, unbiased, and you
have the ability to make some good decisions on your
own personal wellbeing. That's my goal. That's my goal. If
we happen to work together. You know, the old Golden rule.
If I do good for you, we all make out.
(48:51):
We all make out. But I will say this the
key to a good, good financial relationship. It's no different
than a marriage. What you're dating is you got to
trust the person. You got to trust the person, trust
or bust. Right, So we're pretty open, we're pretty straightforward.
(49:12):
We don't try to shoot for the moon. Like I said,
we want to get competitive rates and returns. We want
to put you in a position where something happens. It's
not going to be a lawyer's dream in order. Everything's
going to go through probate.
Speaker 3 (49:27):
Right.
Speaker 2 (49:28):
Some powerful things you can do while you're alive with
beneficiary forms trust titling assets pod tod You can basically
have your estate probate free by titling, simply by just
titling your assets, you know, properly. So in the Aubny
(49:56):
area where we've got a dinner seminar coming up on
May twentieth, I'm trying to put one together now for
the Syracuse region where we have a dinner presentation in September,
and I'll keep you abreast of that. That's something that
I'm working on right now. But we like to have
contact with existing and prospective clients. So hopefully we can
(50:22):
finalize that we're working on it right now and I
can give you some more information on that over the
next couple of weeks. But again, we do offer a
complimentary consultation at our office on Carrier Circle. If you'd
like to commem in and have a chat with us,
you want to speak to me, be more than happy
to sit down with you. I'm in Syracuse, I think
on Tuesday this week, and if you want to sit
(50:46):
down and have a chat, it's pretty simple. You just
dial eight eighty eight five eight zero one nine nine,
or you can check us out on the web.
Speaker 3 (50:57):
OURPG.
Speaker 2 (50:58):
It's just our Initials Retirement Plan Group RPG retire dot
com RPG retire dot com and just say hey, listen.
You know there's a little section there where you can
click it and say, listen to Dave on the radio.
I want to come in and you know, have a
chat about my own personal situation and it would be
an honor for us to do that. So again, why
(51:21):
don't you have a great week. God bless our Pope.
Pope passed away and his funeral was today.
Speaker 1 (51:55):
Thank you for listening to the Retirement Planning show hosted
by Dave Kopec. If you would like to talk with
Dave or someone at the Retirement Planning Group, called eight
eight eight five eight zero one nine one nine. That's
eight eight eight five eight zero one nine one nine
during business hours, or visit rpgretire dot com. The Retirement
Planning Group has five convenient offices located in Syracuse, Audiata, Albany, Malta,
(52:19):
and Glen Falls. Tune in next week for retirement planning
strategies with Dave Kopeck right here on WSYRS The Retirement
Planning Show. Right here on WSYRS, The Retirement Planning Show
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