Retirement Planning WSYR 11.01.25

November 1st, 2025. 

Episode Transcript

Speaker 1 (00:07):
All right, good afternoon. I guess I can't do that anymore. Dracula.
Dracula's gone, he went to sleep last night. So good afternoon.
Hello everybody. I'm Dave Kopek, your host. This is a
retirement planning show. I'm glad to be here, glad to

(00:30):
be anywhere. Right, don't forget. The clocks are going back again,
an extra hours sleep, so don't show up for church
an hour early. This is talk radio. We always enjoy
it when you call in because it makes it much

(00:51):
more interesting for the listener and also for me. So
I know that everybody has one hundred everything buttoned up
in everything's great with their retirement plan. But you know
I'm only teasing when I say that. So, whether you
want to talk about investments, asset allocation, legacy planning, long
term care planning, health insurance planning, whatever it may be,

(01:13):
hopefully I can send you the right information or point
you in the right direction. Our telephone number here at
the studio, and we have very competent staff that is
anxiously awaiting to answer the phone is three one five
four one ninety seven ninety seven three one five four
to two one ws y R. Any question, all. That's fine,

(01:35):
even if you want to talk about the zero to
five Orangeman, what's going on there? Huh u. N C
comes in, kick some butt, don't look good somethingday right,
someday right. But I'm a huge sports fan. Basketball starts.

(01:56):
I believe the third right. And if you didn't look
at your calendar, believe it or not, folks, it's November first,
November one of the year twenty twenty five, which is
hard to believe. You know, a lot of times we

(02:17):
talk about investments, acid allocation, should we do a Wroth conversion,
whatever it may be, legacy planning. But I'm going to
talk about a topic today that most of you don't
want to talk about. Matter of fact, some of you

(02:38):
that are driving in the car will switch the station
when I tell you what I'm going to be talking about.
But I can tell you right now, for a lot
of individuals, it will be the greatest risk that you
have in your retirement years. It will be a risk
that you do not want to go into unless you
understand the landscape. And what I'm talking about is the

(03:02):
current health insurance crisis and also a long term care
crisis that's going on right now. I saw some numbers
the other day that were shocking to me, shocking, And
I also see individuals that are coming in that are
pre sixty five and also those that are sixty five

(03:26):
that need to purchase healthcare. And it's anticipated right now
the healthcare for the year twenty twenty six, your premiums
are going to go up somewhere between eighteen and twenty
six percent, eighteen to twenty six percent. And it's complex.

(03:51):
It's obvious Obamacare is not affordable coverage, and there is
a growing number of uninsured individuals that are leading to
a significant financial strain on our medical system, medical debt,

(04:16):
and ultimately that is being shifted over to the people
that are paying the bill. So medical care for a
lot of Americans is getting very scary. So we have
rapidly increasing health care insurance premiums that are going through

(04:37):
the roof. Through the roof, healthcare and insurance companies right
market consolidation, huge financial burden on you, the individual and employer.

(05:00):
As a result, a growing number of us are struggling
to afford care even with an insurance policy. And there's
a fear out there that a major health event could
possibly spin you out of control. And put you into bankruptcy.

(05:20):
That's reality, folks, that's reality. That's what we're facing today.
I have a woman that's a client of mine who
is the sweetest woman on earth. Was never married, was
a school teacher, was extremely knowledgeable about the financial markets,

(05:46):
and basically lived a very modest life, but accumulated a
fairly significant amount of money. And I remember talking to
her years ago about the cost of long term care

(06:08):
and why she might want to consider long term care
policy for her retirement years. She felt with her pension,
her social security, and her investments. Because she did have
a pension, she had social Security, and she had her
four h three B through the school district, which we

(06:28):
rolled into her IRA she had more than adequate amounts
of money in order to pay for her care. Said, Okay,
that's fine with me, as long as you want to
self ensure, because that basically what you're saying to me
is that you believe that your pool of money is
more than adequate enough in order to pay for your

(06:50):
Careater goes Dave absolutely. I said, okay, Marjorie. Well, Marjorie
was extremely active, and then she started to diminish and
she started didn't feel as good and healthy as she

(07:10):
usually and she went to the doctor and she ended
up having an event. She ended up having a stroke,
and the stroke happened twice, not once. Her mind was good,

(07:31):
but her body wasn't good anymore. She called me up.
She didn't call me. Her attorney called me and said,
can we sit down and talk to Marjorie said absolutely,
So she was in a rehab facility. Drove over, sat

(07:58):
down with her in the attorney and she goes, I
want to go home. I said, okay. I said, I'll
get a jeriatric care manager that I knew, and I said,
I'll get her on the case and we'll get you home.
She goes, I want to go home now. I want
to go home as soon as I passed. I said,
I understand, but there's certain things that have to be

(08:20):
put into place, my dear. So we got her home.
To make my long story short, we got her home
within about a two week period of time, out of pt,
out of the rehab facility, and home. Remember what I

(08:44):
said to you. She wanted to do what self insured.
She wasn't married, she had no kids, so there was
really no need for legacy. Why am I saying this
because I'm going to tell you what the cost of
care is now in New York State. She needed twenty

(09:07):
four to seven three sixty five care sometimes during the
day because of bathing, dressing, transferring, and all the things
that needed to get done. There was two caregivers, not one,
multiplied by three sixty five. Twenty four right, twenty four

(09:29):
hour care three sixty five. Sometimes there's a duplicate there,
two people. Forty thousand dollars a year, a month, forty
thousand dollars a month for her care. Now that's reality. Okay,

(09:51):
that's reality. Now the chances of that happening to you,
I don't know. I can't. My mother in law love
to smoke cigarettes and drink Scotch Irish Lassie, most beautiful
woman on earth, great personality. She was in a trig

(10:11):
bet that was a thousand dollars a day for her character.
You never know what's coming around the corner. We'll talk
about that. We come back. This is the Retirement Planning Show.

(10:45):
All right, we are back. This is a retirement planning show.
I'm Dave Kopeck, your host, been I Radio. Now this
is my twenty sixth year, no longer twenty five, been
in business. Forty three years. So there's a lot of
water that I've seen go over the dam. Good market,
it's bad markets. Different ways to manage assets, estate plans,
et cetera. But as I always say over and over again,

(11:08):
over and over and over again, the best thing you
can do is have a plan. No plan any destination
will do. And it's good to get a second opinion
on your plan. We offer a complementary consultation at our
brand new office, beautiful, brand new office at six seven

(11:29):
zero zero Kirkville Roads, Suite one A. The first two
parking spots are right there for you. It says Retirement
Planning Group. You pull in on the left, You offer
a free consultation. We sit down, we have a chat.
If you would like to take advantage of that, all
you have to do is call eight hundred five eight

(11:50):
zero one nine one nine. That's eight, I'm sorry at
eight eight eight eight five eight zero one nine one
nine eight eight eight five eight zero one nine nine,
and someone from my office will be more than happy
to facilitate. I'll be in Syracuse on Wednesday and Thursday
of this week, and I look forward to it. I
look forward to it. I wanted to get out there

(12:12):
for the basketball, but I can't. And again, this is
not babble radio. This is talk radio. As I said,
I'm gonna keep on giving out this number if you've
got a question or comment, you don't like what you're hearing,
you like what you're hearing, or you got something that's
bothering you. Three one five four to two one ninety
seven ninety seven. Three one five four to two one

(12:33):
ninety seven ninety seven. That's three one five four to
two one w SYR. Any question all is fine by me,
even if you want to talk about Syracuse football. What's
going wrong with Syracuse football? You know, the topic that
I picked today is one that's top of mind for

(12:56):
a lot of people because what's going on in the
enrollment from now until December seventh for Medicare Medicare supplements.
And I can tell you right now this is crisis
that we're seeing right now is driven by a lot
of factors. Okay, increasing costs that are basically outpacing wage growth,

(13:20):
investment portfolios. It's putting a financial burden on both you,
the individual and the employers that are providing insurance coverage.
And Americans are struggling to afford care even with insurance
policies and the fear that I just said that a

(13:40):
major event could basically put you in financial ruin, possibly
into bankruptcy. Health Care and insurance cross are growing faster
than your household incomes. And what's it doing. It's making
it increasingly unaffordable for both individuals and employers. So what
are people doing. They're looking for alternative Some people are

(14:02):
doing the not recommended, they're walking away from their policies.
Don't do that, folks, Don't do that because you're basically
setting yourself up for a train wreck. If there's affordability challenges, right,
you're gonna have to sit down and you're gonna have
to struggle through what you keep, what you don't keep,

(14:25):
what's affordable, what can fit into the budget. But you're
definitely gonna have some form of medical coverage. We're seeing
individual's postpone retirement, some people that are walking away from
their prescription drugs. One in four adults have not filled

(14:46):
a prescription because of the cost, twenty five percent higher
hospital bills because their coverage is inadequate. And then, of course,
what does this do for the employer. I heard a
presentation the other day on one of the financial channels,

(15:09):
when I was driving in the car and it was
on Brian. I know exactly who was Brian killed me
on Fox and he had a gentleman on that was
talking about the cost of health care and how it's
affecting his overall budget and also what he can do
for his employees as far as rages, etc. Raises, And

(15:35):
he went through the dollars and cents how much his
insurance coverage has increased as an employer, and now he
basically said, I can no longer do it. I can't
afford to do this anymore. They're going to have to
pick up some of the cost. And the bottom line
is is that most likely we're going to be doing
a high deductible plan and I'll try to put as

(15:58):
much into the plan as I possible we can to
make it affordable for him, but basically it's bankrupty. So
the consequences are not only to you, but they're also
to your employer. Think about it, Think about what it's
costing your employer. That's why I always say to individuals,
if you are a state retiree, the municipality, whatever it

(16:22):
may be, and you have health insurance coverage teacher, retired teacher,
do you understand right now? You should do a little
research on this. I talked about this the other day.
Right now, New York State has about a four hundred
billion dollar unfunded obligation, and it's called the retirement healthcare

(16:46):
cost of teachers. Four hundred billion, and it's increasing, it's
not decreasing. And the bottom line gets down to it's
a contract. We're obligated to pay it. So if you
think your taxes are going down, it ain't going to happen.

(17:09):
It ain't going to happen. So we are not only
going through a healthcare crisis during our working years, we're
also going through a healthcare crisis during our retirement years.
And here's a number that's staggering to me. With this

(17:35):
healthcare crisis, fifty four million people, fifty seven million people
have cut back on their households, spending, and their budgets
in order to continue the healthcare coverage. So what's the option.

(18:01):
Catastrophic plans, high deductible plans. Some people say that the
US healthcare system is going into a death spiral until
somebody basically steps up and fixes it. Scary times for

(18:21):
a lot of individuals you go into your retirement years.
Think about people that have been into retirement now for five, ten, twelve,
fifteen years that are on fixed income, and now they're
looking at a twenty six percent increase in health care
costs for the year twenty twenty six. There's no magic wand,

(18:44):
but there are ways that you can basically do some
planning around this in order for you to facilitate the
type of care. It might not be the Cadillac plan,
but you're going to need some type if there is
a catastrophic event, you're going to be able to be okay.

(19:07):
Forty four million people in this country right now have
no health insurance coverage. Forty four million people thirty eight
million right now. Thirty eight million individuals right now are
out there seeking coverage right now trying to find a

(19:27):
plan that's affordable. In Syracuse, because we just moved into
our new offices, what we're going to do is we're
going to start having dog and ponies. And I know
that the Capitol District Region in Aubany is not a
hop skipping and jumping, but November twentieth, we're doing a

(19:49):
presentation at the Crown Plaza. The Desmond, right next to
the airport, and it's going to be on healthcare in
the long term care crisis that we're going through. And
we're packed, we're busting at the seams, putting people into them.

(20:10):
We're actually we've expanded the room twice. Now. We're going
to do this in Syracuse in the very near future.
I can't probably get it done this year, but in
the spring we will do something. But if you're in
Albany and year round, the twentieth of November, I'll give
out our telephone number if you'd like to attend. It's

(20:31):
eighty eight five eight zero one nine nine. Eighty eight
five eight to zero one nine one nine. Registrations at six.
Presentation starts at six thirty, and it's going to be
on what to do about this dilemma that we're in
right now with healthcare in America and long term care.
And we come back, we're going to talk a little

(20:51):
bit about long term care planning because I can't tell
you right now how important it is for you to
basically protect your estate. And I hate to say this,
I just had a conversation with some friends of mine
the other day. Some of you are going to have
to make the decision to leave New York State rather
than staying here because of what a cost to live,

(21:12):
the risk that you have to your home, your IRA,
et cetera, if you haven't done the adequate type of
planning in order to protect those assets. Certain states like
Florida protect the home, protect the IRA right, New York State,
right your revocable trust. You hear that set all the time.

(21:32):
You hear about putting your IRA into periodic payments. Well,
I had to chat with an attorney in Syracuse the
other day, long chat. That might not be true depending
on how long you live, because depending on the counties now,
they're making you pay your IRA down based on life expectancy.
Non periodic payments are R and D. Six percent of

(22:02):
the population of New York State right now is on
some form of Medicaid payments. Forty six percent. Millions of people.
I don't have the number in front of me. Right now,
millions of people are on Medicaid. It's a system that
basically the counties will basically tell you is keeping them
on the edge of you know, their seats. The sorry,

(22:23):
how large this will grow. So again, if you want
to come in have a chat, we do offer a
consultation at our new office at sixty seven one hundred
Kirkville Road. It's pretty easy to do. Just call my
office at eighty eight eight five eight zero one nine
nine eighty eight five eight zero one nine one nine

(22:44):
and say listen to Dave. I want to come in
for a complementary consultation. Have a chat, but one of
my great cups of coffee. We like it black and strong.
We'll be back after this quick message.

Speaker 2 (23:01):
This is the Retirement Planning all.

Speaker 1 (23:22):
Right, we are back. I'm your host, Dave Kopek, President
of the Retirement Planning Group. As they said, we've got
six offices in New York State where we can physically
meet with you. We are big time now in to
zoom meetings. I'm a dinosaur. I like face to face meetings.
I've been in the business, you know, a long time.

(23:45):
The younger generation seems to like it more than I do,
but I'll do it. But I like face to face
meetings again. We have a brand new office at sixty
seven hundred Kirkfield Road, sweet one. A great location, easy
getting out of and if you're a senior, you park
right in front of the door. You have two parking
spaces that are specific for people that are visiting us.

(24:07):
Couldn't be happy with the people that aren't happier with
the people that own the building. They do a fantastic job.
And to say that they helped us out and did
it one they did. They just did a fantastic job.
So I tipped my hat, you know, as I said, Uh,
I'll give out the telephone number because we like phone calls.

(24:30):
Phone calls makes it much better, I think three one
five four to two, one ninety seven ninety seven. This
is talk radio, not babble radio. Three one five four
to two one ninety seven ninety seven. If you don't
want to get on the air, my very competent engineer
will text me your question. Three one five four to
two one ninety seven ninety seven. If you've got a question,

(24:51):
believe me, there's a lot of other people out there
that have the same question. Don't be bashful. We don't
bite three one five four to two one w S.
Why are When I got into the financial services business
forty three years ago, I worked for a firm that

(25:13):
some of you were recognized, some of you won't, called
Pain Weber, remember Pain Webb, And then I went to
downtown Allby and opened up the Morgan Stanley office with
myself and four other gentlemen, and then I went independent

(25:34):
in nineteen ninety nine. I said, I'm going to do
my own thing. So I've been running the retirement Planning
group since nineteen ninety nine, which is what twenty six
years now. And I want to tell you a little
bit of history because I think it's important for you
to understand why I'm talking about this topic of health

(25:55):
insurance and long term care. The first and foremost, as
I said to you in the beginning of today's show,
my wife and I were caregivers for six and a
half years. My wife wouldn't have had it any other way,
and I agree with her, but to say that to

(26:15):
put stress on our marriage is an understatement. The second thing,
I remember A good friend of mine who's still a
good friend of mine, called me one day and he said,
I attended your workshop because I used to do a
lot of workshops, and he said, I think you do

(26:38):
a great job. You're a good public speaker, you'll hold
yourself out well, and blah blah blah, lots of compliments.
But he says, boy, you're missing the boat and I go,
I'm missing the boat. He goes, yeah, this is before
I knew the guy. He goes, I'll tell you about it.
I'll buy you lunch. I said, all right, buy me lunch.

(26:58):
Twist my arm. Well, the gentleman's name was Kevin Johnson.
Kevin Johnson is well respected in the United States as
one of the lead gurus originators of long term care
insurance in the United States. He owned a company called
New York Long Term Care Brokers. And he said, do

(27:23):
you realize that everything that you're talking about is totally
at risk if they have inadequate protection on their estate.
I said, I do understand that, but I think my
job is to manage assets, not to manage protection. You know,
I had a kind of a bad taste in my

(27:44):
mouth about it because I always felt like the only
way you got them out of your house insurance salespeople
was to basically grab him by the ear and walk
them out the door, right. I mean, everybody's had that
experience sitting over the kitchen table. So he discussed with me,
and he had training sessions that he used to have.

(28:05):
He had a facility where it was basically set up
as a auditorium and he would have training sessions and
I started going to them. They were on Friday mornings,
and I started to learn the value of long term
care planning. And then being this young buck who got older,
I started to see how long term care policies, if

(28:27):
utilized correctly, give people choice, independence and quality of life.
And I want to overemphasize protect who the caregiver. The
caregiver who typically is the daughter of the individual that
is receiving the care, male or female, the one that

(28:52):
lives the closest to the house. So when I talk
about this, it's not because I'm an insurance salesman, because
I'm not an insurance salesman. We're licensed to sell insurance products.
But I'm telling you as an individual that has an
open architecture platform, meaning that we go through an MGA

(29:15):
and Master General agency. They have every insurance company underneath
their roof, so we can basically go to the product
that facilitates what you're looking for, not what I have
in my bag of tricks. When I sit down with
you over the kitchen table. That was critical. That was
one of the components that it was a necessity for

(29:38):
me to have open architecture. I did not want to
be bound by any one company paid differently, had my
compensation differently because I worked for with XYZ and I
had to sell XYZ products. So we had everything. We
had Travelers and gen Worth and John Hand Met Life,

(30:01):
and you go through a whole laundry list. There wasn't
anything that we didn't have inside our portfolio for and
that's still the case today. The problem is the problem is,
as I said in today's show, in the beginning, there
used to be a program in New York State which

(30:21):
I thought was the best in the industry. It was
called the New York State Partnership for Long Term Care.
It does not exist at all anymore as far as
policies being issued, No one will issue policies under that anymore.
That might change, but as of right now, for years
there had been no policies issued under the New York
State Partnership program. The ones that are currently out there

(30:45):
are the best of breed. I met with a guy
in his eighties at our new office not that long ago,
and he had a policy that had about eight hundred
thousand dollars of value. And if I'm not mistaken, he
can correct me. If I'm wrong, if he wants to
call in or tell me or holler or whatever. He
was only paying like fifteen hundred dollars a year, but

(31:07):
he had had it for so many years, like twenty
seven or twenty eight, it had accumulated up to eight
hundred thousand dollars worth of protection. So people will say
to me, you know, Fidelity, Vanguard, Schwab, Merrill, Lynch, Wells, Fargo,

(31:30):
any of the major investment banking firms always say the
same thing. They're consistent. Make sure you have adequate protection
on your portfolio for income during your retirement years. But
also make sure you have adequate protection on your estate
so you don't diminish your assets so much that you

(31:51):
impoverish your spouse and you put yourself in a position
or what Now you got a fire sale. Now you're
selling asset that's not because you want to sell them,
Or you're doing a reverse mortgage on your house. Blah
blah blah, all that fun stuff that doesn't feel great.

(32:15):
We'll come back. We're going to talk about some actions
you can take to put yourself in a better position. Again,
I'm Dave Copeback. This is the retirement planning show. You
want to have a free complimentary appointment eight eight five
eight zero nine. I'll be right back. All right, all right,

(32:51):
we are back. It is the weekend. My boat, my
boat went bye bye yesterday. Boats in the barn. They
came and they picked it up. Have a home in
like George and I love my boat. Love my boat.
My good friends Scooter from the arena called and said

(33:13):
I'm coming to get it. I said, okay, brother, I'm
not going to watch it because I'll start getting tears
in my eyes. We live in a beautiful part of
the country, folks. I had the ability just recently to
go out to Skinny Atlas and have dinner out there
at one of the restaurants, and you got paradise in

(33:35):
your backyard, all over the Finger Lakes, the Adirondacks. We
truly live in an absolutely beautiful part of the country.
I've traveled throughout the soul of the United States, and
I still think that New York is one of the prettiest.
You know, we have offices down in Hyde Park area, Poughkeepsie.
You take that ride, gorgeous, gorgeous area. I don't know

(33:57):
if you've ever been down in that part, but I
travel a lot in your state because we have six offices.
And for those that are listening on iHeartRadio, because this
broadcast goes out on over eight hundred different stations. I'll
tell you this. We have the ability to meet with
you face to face, not in person, but with our

(34:20):
good technology that we have now called Zoom. It's becoming
a big part of our business. Much so more so
for my younger guys. When I say younger guys, they're
in the you know. Bottom line is is that we
have to facilitate your time, not our time. But again,

(34:42):
as I said, we offer a complementary consultation. I believe
in planning, not silo planning. I want to just come
in and talk about my investments, and I want to
come in and talk about my you know, insurance. I
want to come in and just talk about my long
term care. You got the wrong guy. You got the
wrong guy, because I know I experience. If you don't

(35:04):
button it up, the chances are there's going to be
bumps in the road. You're going to go through probate,
there's going to be delays, and a lot of things
are going to happen that you don't want to happen.
So find a team. We have an attorney in Syracuse
now that works with us, very proud of the relationship
that we have with him. He's with one of the
major law firms there in Syracuse and look forward to

(35:25):
working with him for many years to come. So again,
if you want to come in for a free consultation
at our brand new office at sixty seven hundred Kirkfield Roads,
Suite one A, just call eight eighty eight five eight
to zero one nine nine eight eighty eight five eight
zero one nine one nine and someone from my office
will basically facilitate it. Check us out on the web

(35:47):
rpgretire dot com. There's a contact there you want to
contact us. You want to come to our presentation November
twentieth in Aubany by the airport. It's going to be
long term care and health insurance crisis. How to deal
with it. We do have some seats. I think we're
over one hundred people right now, but we'll just keep
on stretching it out the room until we get as

(36:09):
many as we want. Don't forget I have a gift
for you this week. Close your eyes, don't peak, don't
peak there it is I'm giving an extra hour of
sleep tonight, clocks go back, folks, don't go to church

(36:30):
early tomorrow. Right, And I guess nobody wants to talk
to me today. I'll give out the telephone number one
more time. Three one five four ninety seven ninety seven
three one five four to two one ninety seven ninety seven.
There's something that I wanted to hit on today that

(36:52):
I was thinking about when I was driving in my
car yesterday, and it has to do with a full
integration of wealth management your retirement years. There is a
lot of misinformation out there, folks. I'm telling you there's

(37:13):
a lot of people out there that have their own
agenda and not your agenda. And when I say your
own agenda, I mean that you need to understand exactly
the apple that you're picking off the tree. And I'm
not patting myself on the back, but we have three
appointments before we do business with people. We have the
first initial appointment that basically says, this is who we are,

(37:34):
this is who you are. I like you, you like me.
Maybe we'll go for appointment number two. Appointment number two,
we go through ideas and suggestions and ideas and concepts,
and then go home and think about it, and then
appointment number three, are you ready to put the rubber
to the road. And when that happens, putting the rubber
to the road. We put the rubber to the road.

(37:56):
We don't procrastinate, we don't sit there and play tittie winks.
We basically put the rubber to the road because none
of us have a crystal ball what the man upstairs
is going to do as far as saying it's time
for you to come with me. And I know, after
all these years of being in business and also being

(38:16):
a child that grew up without a father who died
very young. Things happen to good people that are horrific.
So when we start a plan, we want to finish
the plan. We don't want to sit on the fence.
Let me think about it. No, we're not going to
think about it. We're going to do it. Okay, we
talked about this. We're going to motivate. We're going to

(38:38):
do it because it's going to put your spouse, your
loved one, your wife, your children, whatever, in a better position.
And as I said, there's a lot of misinformation out
there as far as beneficiary forms iras that are protected
IRA distributions. I'm telling you right now, there's a lot
of people out there that have a misunderstanding about the IRA.

(39:00):
Trillions of dollars are out there in iras, and a
lot of people have a true misunderstanding of what is
eligible for them as far as protection of the IRA
if there is a health event. And it's critical that
you understand that because you don't want to be in
a position that you're aggressively liquidating an IRA later in

(39:22):
life and all that hard earned money and all those
moneys that you work so hard to accumulate are going
down the drain to a long term care facility. And
also taxes, because every dollar out of an IRA is
what ordinary income. Ordinary income, never a step up in
basis always a tax liability ird income and respect to

(39:44):
a deceit. We do a lot of work in legacy planning,
a considerablemount of work in legacy planning, and it's an
area that I really like to focus in on because
I am a big believer, and I'll mention this guy's
name over and over again because I'm a disciple of
him in a lot of ways. I believe exactly. We
basically underwrote one of his presentations at PBS ed Slot Slott.

(40:08):
He's a CPA and he talks about the retirement time bomb.
But most of you will do nothing. Most of you
will do nothing, and you'll sit there and procrastinate, and
now you'll leave a huge tax liability to your kids
rather than tax efficient assets because it's easier to do

(40:28):
nothing and it is to get proactive and do something.
And then finally, today, my last piece of advice is
that as we sit here November one, you got about
sixty days folks, less than that because of the holidays,
in order to basically put your house in order for

(40:51):
the year twenty twenty five. You know, now's the time
that you should be looking at your portfolio, talking to
your team, tactically moving some stuff around, if you need
some tax benefits, tax loss harvesting, et cetera. You know,
we are very active with our clients at the stage
of the year. From November December. We typically shut everything

(41:11):
off the first week of December because all we do
is tactical work, second, third, and fourth week in December
with our clients all over the United States. We're in
twenty eight states with our clients. So again, if we
can be of assistance. It would be an honor. I
know that Nicholas myself. I think my son is coming
out with me too. We'll be in Syracuse on Wednesday

(41:34):
and Thursday of this week again. If you'd like to
sit down with us, be more than happy to sit down.
All you have to do is dial eight eight eight
five eight zero one nine nine eight eight eight five
eight zero one nine one nine and say we want
to come in and have a chat with Dave and
see if we can hopefully be of assistance to you,

(41:57):
or just get a second opinion. It ever hurts to
get a second opinion. There's a lot of people we say,
whoever you're working with is doing a good job. Our
job is not to separate. But if they're not doing
a good job where we think we can help you,
we're gonna let you know that too. We're gonna let
you know that too. And as I said, I'll be

(42:20):
seeing a lot of you at Syracuse basketball games. I
love basketball, love basketball. I'm a Sienna mister McNamara is
at Sienna. Of course you're quite well aware. And of
course I'm gonna love attending Syracuse games. I got some
seats there and I look forward to sitting down and
watching some really high caliber basketball. And I can't wait

(42:43):
to see how Carmelo's son's gonna do this year. Can't
wait to see how he's gonna follow through a lot
of pressure on that kid. You know, he's following big shoes.
He's following them big shoes, following his dad's footsteps. So,
and of course I want to let our listeners know
because some of you did contribute and called in our

(43:05):
golf outing this year. I'm going to be heading to
New York City on Tuesday to make a check presentation
to Tunnel to Towers. We generated twenty five thousand dollars
from our golf outing this year. Five thousand dollars is
going to the American Cancer Society, and twenty thousand dollars,
I'm proud to say, is going to Tunnel to Towers,
which I think the world of Thank you all that participated.

(43:30):
I can't thank you enough. It means a lot. From
the bottom of my heart, thank you so much. And
as I said myself, my wife Jimmy Corkoran in my
office and his wife Joanne, We're going to the gown,
present the check and you know, have lunch and then
come back and get back to work. We will have
another GalF outing next year. Hopefully we'll do one in

(43:50):
Syracuse maybe next year besides the one we do here
in the Capitol District region. But as always, like I say,
it's a pleasure to be here, I'm glad to be
in the Syracuse market. It's something that we've wanted to
do for a long time. We're here, and as I say,
you know, I'm going to bang the drum on our
address again. We're at six seven zero zero Kirkville Road.

(44:12):
Right at that intersection four corner intersection. You take a left,
you take a quick left, you pull in the first
two spots through the Retirement Planning Group Sweet one A.
And as I said, we really look forward to the
problem that I have with Syracuse is two things. The
first is a place called Tully's and Brooklyn Pickle. They

(44:35):
seem to be calling me every time that I get
out there. Brooklyn Pickle. I love their subs and their sandwiches,
and the gals there and East Syracuse do a fantastic job.
I grew up in the restaurant business, so I had
a nice chat with the owner about a week or
so ago and told him that we really enjoy his
food and the product that he puts out. So again,
like I said, if we can be of assistance, call

(44:56):
my office at eight eight eight five eight zero one
nine nine eight eight eight five eat zero one and
just say we want to come in for a complimentary consultation.
And I do believe, I do believe that Syracuse plays
I think Monday Monday. If I'm not mistaken, either Bundy

(45:17):
or three. So again, thank you for listening. This has
been the retirement planning show. I'm your host, Dave Kopek,
and if I don't see it, hopefully I'll see you
next week for another retirement planning show. If the creek
don't rid