Hitting the Retirement Target

CJ, Maleeah, and Shawn talk about how to make sure you're on target to retire with the money you need and the timeline you want.

Episode Transcript

(00:00):
This is money in Motion with ClassFinancial, a fun and informative show designed
to help you get answers to allyour retirement questions in one place. And
Happy Thursday to you. Our phonelines are open for your question. Six
oh eight three two one thirteen ten. That's six eight three two one thirteen
ten. Love to get you onthe air this week with our retirement planning

(00:22):
professionals from Class Financial. You canlearn more about Class Financial on their website
Class Financial dot com. That's kl aas Financial dot com. Great website
to learn more about Class Financial theirseparate divisions. You can also learn about
a little bit about what makes theteam so unique, little a little bit
about their background. Really cool website. Also an opportunity there to sign up

(00:43):
for the weekly Market Pulse newsletter.Again that available to you at Cossfinancial dot
com. That's k l aas Financialdot com. And the telephone number six
oh eight four four two five sixthree seven that's for their Madison office.
Of course, no charge for thatinitial gets to know you appointment det Class
Financial will be complimentary to you againthey're number six to eight four four two
five six three seven and also asmentioned, joining us this morning are our

(01:07):
retirement planning professionals, CJ. Clossand Malia Quavis. CJ. How you
doing this week? I'm doing great. How are you, Sean? I'm
doing really well. Malia? Howare you this morning? Great? Happy
November? I know, isn't thatIt's amazing? Is that no shave November?
Something like that. Yeah, Istarted a little early this year.

(01:27):
I'm guessing too real quick about theabout the kind of the cooler temperature.
Is this the time of year,Malia, where you guys start to see
a lot of your clients that havethe luxury of summer or wintering elsewhere.
They start to kind of they loveto give us. They love to give
us the date they're actually leaving andthe date they're coming back, which is
not till like middle of next year. I don't understand that, but they

(01:49):
do do that. Ow great.That is as we talk with CJ and
Wilia this morning, that too canbe you if you dream of those type
of things. Of course, planningis important. Great day to start that
converse. Give them a call aclause financial six eight four four two five
six three seven. We're actually goingto be talking this week specifically about kind
of hitting that bullseye for your retirementplan, and it's going to be a
fantastic conversation. You're going to wantto pay close attention for a number of

(02:13):
reasons. One just great information,but two also a chance for you to
win a great prize this week,a twenty five dollars gift card to best
Buy from our friends at Class Financial. With the class Quiz question leak a
little bit. A little bit lateron, we'll have a chance to win
that. I'll tell you how specificallyyou can win it. But just a
little tip right now, just payclose attention to the program because oftentimes both
the question and answer come up duringthe program. And before we start talking

(02:37):
about hitting your retirement bullseye and thatretirement plan, let's take a look back
at last week's class Quiz question weekget the question and the answer there as
well. Yeah, so last weekwe had a great conversation regarding the fact
that we well, first of all, we're all aging, but we probably
have aging parents, so you know, we need to be planning for that

(02:59):
and sitting down with them and kindof looking at options. So if you
didn't hear that show, go backand listen, because I think there's some
good content. We did have alot of listeners for our question of the
week, the question was true orfalse. According to twenty twenty one data,
adults age sixty five or older foraccount for almost seventeen percent of our

(03:22):
current population, so true or false. David of Morrisonville, Wisconsin, Congratulations,
you were our winner last week.He correctly answered true, So almost
seventeen percent of our current population,which is going to double here in the
next decade or two. So thanksfor listening and listen carefully today. Great

(03:42):
congratulations David, and great question lastweek. Great program all around, and
as Malia mentioned, a lot ofreally good information if you missed part of
that show, or of course,we understand sometimes to step out during the
live broadcast as well. This morning, we've got to grab some coffee or
pick up and drop off the kiddossomewhere. I know how that goes to
grandkids. I mean as part ofthe show. You can always listen back
at class financial dot com. That'sk l a a s Financial dot com.

(04:06):
Also subscribe to the website right onlineat class financial dot com. As
mentioned, we're going to be talkingabout how to hit a bullseye and your
retirement plan and I got to askthe big question CJ is is how would
you suggest that we plan on hittingthat target with the amount of you know,
as far as amount of money we'reputting away into our retirement accounts and
of course planning for that future.Yeah, we talk a lot about strategies

(04:30):
on the show about how to makesure we're on the right path today so
that you know, someday in thefuture we can achieve that that desired retirement
dream outcome. So hence the ideaof how to visualize that bullseye and of
course systematically work towards that goal.Now, one interesting fact as we start
talking through this is we have foundover the last you know, forty seven

(04:51):
years of being in business that ifwe're to build kind of like a pie
chart of how much of your longterm financial success us will be your ability
to do really good math versus howmuch will be driven by your good behaviors,
we would say about eighty twenty.If you can't do math, it

(05:12):
might cause some problems, but ifyou have good general behaviors financially, you'll
probably be fine. So about eightypercent of the long term success outcome for
people is very much behavior driven It'sthe reason why we talk about on this
show of like systematizing or making thingsnormal or automatic, because we know that

(05:32):
the more you can build these automaticbehaviors into your life, the higher the
probability of success. Well, withthat being said, being that many of
our listeners are likely over fifty yearsold, retirement that looked like it was
a long ways away may just bea few years away now it might only
be ten, fifteen years or lessaway. And so of course the question

(05:53):
is have I done or am Idoing what I need to? The question
many of us struggle with is,of course, how much will I really
need in retirement and investment accounts tokind of support myself. Now, you've
heard a say on the show before, we would generally say that most people
will need seventy to eighty percent oftheir pre retirement income as they enter retirement.

(06:15):
However, I just want to letyou all know that is a rule
of thumb. And you know whatwe have said about rules of thumb,
they're very dangerous. So it's arule of thumb. If you're going to
refuse to go talk to a professional, think of seventy to eighty percent replacement.
But a financial planner will actually diginto that data and make sure that
that rule of thumb applies to you. So of course, you know,

(06:36):
people will say, well, ifI need seventy to eighty percent, then
I can never retire, or howmuch do I need in my portfolio?
Because if i'm you know, here'san example, if your household income is
one hundred thousand dollars after taxes,then you could be looking at creating eighty
thousand of income after taxes in yourretirement. And some people say, well,

(06:57):
goodness, eighty thousand. I Iyou know, I only have a
million dollars at my retirement I got, which is a lot of money.
And I've heard that I should onlytake forty five percent, and that's only
forty to fifty thousand. So I'myou know, I'm screwed. I can't
do this. Well, maybe you'renot looking at social Security or perhaps a
pension or some part time working incomeor rental income, or maybe you don't

(07:20):
need eighty percent replacement. Maybe youonly need sixty percent replacement because you paid
off your mortgage. So you getthe idea you want to slow down and
take a look at how much ofmy income am I actually going to need
to replace, or said another way, what will my expenses be when I'm
in retirement and therefore how much incomewill I need to meet those expenses?

(07:43):
Talking this morning with our retirement planningprofessionals from Class Financial, CJ, Coloss
and Leequabas. We've got phone linesopen for you if you've got a question,
love to have you join us thismorning. Six so eight three two
one thirteen ten. That's three twoone thirteen ten. Learn more about Class
Financial online, great website COSS financialdot com. That's key l Aasfinancial dot
com. And the telephone number forthe office right here in Madison six h

(08:05):
eight four four two five six threeseven. No charge for that initial gets
no you appointment tech Loss Financial.It will be complimentary to you again the
number six oh eight four four twofive six three seven. Let's break down
some of those steps CJ. Thenthat folks should be it should be thinking
about. Yeah, so you know, maybe you didn't start saving early enough,
or you're still helping pay for collegefor some of your children or their

(08:26):
related expenses. But at this pointwe would suggest that most of our listeners
change their direction and move towards someactual action steps. So that you can
you know, hit that quote unquotebullseye or or live that retirement dream that
you're looking forward to. So that'swhat we're going to talk about today.
Are some action steps. So actionstep number one is sure up your retirement

(08:50):
savings and health savings account contributions.So what are we talking about here,
Well, if you have a fouroh one K or four oh three B
or another workplace ritch rehirement plan fourfifty seven to four one A, there's
a lot of them. If youhave one of those, make sure you
are doing as much deferral into thoseaccounts as you can. Are you putting
away at least fifteen percent or moreof your gross income into that retirement account,

(09:16):
not including matching, and even ifthere is no match, Remember this
is your retirement, not your employers. We tell people this all the time.
We'll hear from them. They'll say, yeah, I don't put into
my four one CA cause my employerdoesn't match. I go, what does
your employer match have to do withyou saving for your future? Now,

(09:37):
don't mishear me. I would hopethat your employer would and that's an incentive.
And you know, YadA YadA,but goodness gracious. This is your
retirement, not your employer's retirement.So in twenty twenty three, if you
are fifty years old or older andare taking advantage of the ability to save
into your retirement plan, the questionis are you putting in the max twenty

(10:00):
two thousand, five hundred dollars ifyou're under the age of fifty and adding
the extra seventy five hundred dollars ofa ketchup if you're over the age of
fifty for a total of thirty thousand. So think of it this way.
If you're fifty years old or youngerand you're in one of these employer sponsored
retirement plans, you can put upto twenty two thousand, five hundred dollars,
either pre tax or WROTH into thatfour h one K plan. If

(10:22):
you're over fifty, you can putup to thirty thousand. So what we
would say is, listen, ifyou're getting closer to retirement, you should
pause and make that a goal ofyours, especially if you're earning enough income
to potentially set aside that cash flow. Now, if you're not, then
we would focus on fifteen percent ofyour gross So hopefully that's kind of a
helpful guide to you. Now,if you have an IRA account, the

(10:43):
question becomes, are you putting awayat least sixty five hundred dollars if you're
under the age of fifty and addingthat ketchup of an extra one thousand if
you're over the age of fifty fora total of seventy five hundred. And
of course, if you're married andyou're doing IRA contributions, have you done
a spot IRA contribution if your spouseisn't working and putting money into their own

(11:05):
Now just a quick pause point here. Four oh one k IRA contributions are
what are known as like employer sponsoredretirement plans versus individual retirement plans. There
are quite a few limitations and restrictionsif you're going to be doing both at
the same time, contributions into bothat the same time. So if you're
going to be doing that, wewould say get a good accountant or a
good financial advisor just to make sureyou don't stub your toe along the way.

(11:28):
And then, of course have youconsidered roth IRA and wroth four to
one k plans? So often theseemployer sponsored plans or a roth IRA will
allow you to put money in aftertax with tax deferred growth and tax free
distributions once you get to retirement.Now whether or not you should be doing
that is actually a little bit complicated, so again, talk to your accountant,

(11:50):
your financial advisor, but the questionwould become are you taking advantage of
that? And then we talked aboutautomatic behaviors, which is, if you
get a raise, you know,just when you get that cost of living
adjustment, dump one percent of thatinto your four to one K plan,
and the next year you run yournext raise another one percent. Just make
this automatic and you'll be shocked.You might start at five percent, but

(12:11):
ten years later you're at fifteen percent, and then you're at that kind of
contribution level we talked about. Andfinally, as it relates to these kind
of retirement accounts and health savings accounts, So let me just hit on a
health savings account. If you havean eligible health insurance plan through your employer
or on your own that is eligiblefor what are called health savings account status,

(12:33):
which you'd have to confirm that youdo, then you are eligible to
set up an HSA account, whichyou can put up to three thy,
eight hundred and fifty dollars into.If you're an individual or up to seven
seven hundred and fifty dollars if you'rea family. And here's the key.
I mean that goes in pre tax, it grows tax free, and then

(12:56):
as long as you use it formedical expenses in the future, the distributions
are tax free. Health savings accountsare literally some of the most tax preferred
accounts in the entire IRS Code.It's just a lot of people don't know
how to interact with these health plans. So talk to your advisor, talk
to your accountant, and make sureyou're taking advantage of these provisions. Really
great information and really good steps tobe taking and things to be learning about

(13:18):
this morning as we chat with ourretirement planning professionals from Class Financial, Malia
Quavis and CJ. Loss Drovigegan.Learn more about Class Financial on their website
CLSs financial dot com. That's kLaasfinancial dot com and their telephone number six
oh eight four four two five sixthree seven. No charge for that initial
gets know you appointment dech Loss Financial. Oh yes, it is complementary to

(13:41):
you. Six oh eight four fourtwo five six three seven. That's the
number for the office here in MadisonAnd to get on the air this morning,
love to have you join us sixoh eight three two one thirteen ten.
That's three two one thirteen ten.We'll continue our conversation with Cjmalia and
take your call next as Money inMotion with Coss Financial continues here on thirteen
ten. W This is Money inMotion with Class Financial, a fun and

(14:09):
informative show designed to help you getanswers to all your retirement questions in one
place. All minds are All finetssix oh eight three two one thirteen ten
gets you on the air with ourretirement planning professionals CJ. Closs and Malia
Koavis. Of course, you canlearn more about Class Financial on their website
class financial dot com. That's kl aas Financial dot com. Tel for
number six o eight four four twofive six three seven. Of course the

(14:33):
first appointment it will be complementary toyou their number at Coss Financial six oh
eight four four two five six threeseven. Talking about working towards hitting that
retirement Bullseye and uh got a breakdownof some some different types of accounts to
be aware of and some and somethings to be paying attention to from CJ.
And then Malia, what about thingslike banks, bank savings, checking
accounts, CDs, all those othertypes of kind of cash accounts on what

(14:58):
you would be thinking about there.Yeah, so just a little reflection though.
First I'm listening to CJ tell ushow much we should be putting away,
which is really really valuable information.And you get a raise and put
more away and you know, maxout your accounts, and I'm thinking,
well, we still have to live, right, we all have to live.
But remember what we're trying to dois coach you toward you hitting that

(15:22):
bullseye. So so we really appreciateyou taking the time to kind of,
you know, look at all ofyour accounts as we go through these and
see how you can you know,plan for that future, even though sometimes
it kind of stinks today because youwant the extra money to spend. So
that's what we're doing here today.So there's no difference when we're talking about
your savings and checking accounts. Justlike we've talked about for many, many

(15:45):
years, we want you to havethose emergency savings accounts, you know,
bolstered up, especially as you approachretirement. So that doesn't change once you
get into retirement. We still wantyou to have that savings or emergency fund
on hand, but we are goingto caution you to not keep too much
sitting in cash instruments. So no, I know we're going to get some

(16:07):
people saying, well, you know, Maliah CJ. Today, I mean,
obviously those accounts, my savings accountat some of my banks or online
money markets are paying very very well, and the CDs are as well,
and we're not going to argue thattoday because they are. You know,
some we're seeing three to five percent, which is very healthy. But what
we're talking about is after you havedone that appropriate amount for you to have

(16:32):
an emergency savings, we do needto look at future growth for excess cash
because long term, those savings accountsdon't keep up with inflation. Right now,
they look very nice, and we'renot saying you shouldn't have moneies there,
but you need to look critically atthe right amount and emergency savings and
then what you could do after that, because again, inflation typically obviously we're

(16:56):
not talking about last year, buttypically runs about three to four percent over
time. Therefore, your investment accountsover the long haul should be hopefully doing
better than that. So just becareful of wrapping your head around I want
everything just to sit in savings.What about Malia's As we look at the
I don't like saying the word debtadds as we plan for retirement and kind

(17:18):
of the fact that that may haveon our savings and retirement plans. Yeah,
So again another topic we spend alot of time on over the years,
reflecting as far as that four letterword debt. And so it's kind
of this two edged sort. Welook toward accumulating funds for retirement, but
then on the flip side is butif you are really working against yourself by

(17:42):
carrying too much debt when you're inthe working years, you have you can
appropriate dollars every month to pay downthat debt. But when you're retired,
that money is no longer coming ingenerally speaking, from current income. So
that's why we really work hard tomake sure that you've eliminated as much debt

(18:03):
as possible as you enter retirement.So again it's not that you can't have,
you know, a family vacation,et cetera, but we just don't
want you to be burdened with thatdebt. So we looked at a report
from Experien. A twenty twenty reportstate of a credit state of credit here
in our country, and baby Boomers, which is our primary group that we

(18:26):
work with between the ages of nineteenforty six and nineteen sixty four. Those
people were born during that time.They do carry an average debt balance of
twenty five almost twenty six thousand dollarsin non mortgage debts, so that would
be credit cards, store cards,personal loans, et cetera. And on
top of that, they carry anaverage mortgage debt of almost two hundred thousand

(18:48):
dollars. So two years ago themortgage debt balance was closer to about one
hundred and seventy five thousand. Nowyou heard me say this was twenty twenty.
We're now in twenty twenty three withsome very large mortgage interest rates,
so we can imagine that that's goingto go up significantly more. So with
all that said, this is ouraction step number two is we are looking

(19:11):
for you to consider eliminating that's ourkeyword, or bring down your debt levels
as soon as feasibly possible. Sothe credit card debt, quite honestly,
is the one that gets out ofcontrol. And so we looked at fob
Advisor's weekly credit card report from lastweek, and the average credit card interest

(19:33):
rate in the US right now issitting at over twenty eight percent, so
that just you know, horrifies usto see anybody paying interest on that type
of credit cards. So you know, we would suggest, you know,
for our listeners to carry very littleor nothing on their credit cards because that
could be devastating to your current financialpicture and certainly your future one. So

(19:59):
go ahead, say, talking thismorning with CJ. Class and Malia Quavis,
our retirement playing professionals from Class FinancialOnline Colssfinancial dot com. That's Class
Financial dot com. Before we takea quick break, just a real quick
Malia, I know that there's somegreat tools out there for folks as we
have this conversation, aren't there.There are so one thing we want to
mention, especially during times like rightnow where you feel like people are trying

(20:21):
to you know, grab your informationout there, some fraudsters. We'd like
you to go to Annual Credit Reportdot com that's a free service, or
credit Karma dot com just to makesure you know which accounts you have out
there on credit that are open,who's looking at your credit make sure that
no accounts are being opened in yourname. That you're unaware of. And

(20:42):
finally, action step number three istrack your spending by creating a budget.
Okay, so you can use variousapps that are out there that you've heard
of. We mentioned before, mintas good for just about anything, every
dollar, good budget, pocket Guard. There's a whole bunch of apps that

(21:02):
can help move you in the rightdirection. Or I would say get out
a pencil and paper and write downyour debts and write down your assets and
work with someone to figure out howcan I eliminate these debts as soon as
possible. Fantastic guide and say agood old pen and pencil and paper is
always it's a fun little country.No one owns those anymore, I guess

(21:23):
so their stylists. It's all.It's all on computers now. Ed is
for sure talking this morning with ourretirement planning professional CJ. Closs and Malia
Quavis having fun and getting some greatinformation. As always, don't forget if
you miss part today's program or youwant to listen back to a previous show,
you can always subscribe to the podcastright at class financial dot com.
That's klaasfinancial dot com. They're tellfor number six oh eight four four two

(21:48):
five six three seven. No chargefor the initial get to know you appointment
tech Loss Financial. It is complementaryto you again their number six oh eight
four four two five six three seven. We'll do the class quiz question leak
Whal's talk about the mortgage? Shouldyou pay that off? What's the guidance
there? We'll find out from CGNMalia next as Money in Motion with Class
Financial continues right here on thirteen tenwuib A. This is Money in Motion

(22:15):
with Class Financial, a fun andinformative show designed to help you get answers
to all your retirement questions in oneplace. Don't regul learn more online class
Financial dot com. That's closs kl aas Financial dot Com telp number six
so eight four four two five sixthree seven. Mortgage and as we talk
about you know this is budgeting financinghitting that bullseye. What about paying off

(22:38):
the mortgage before retirement? Is thatsomething you'd suggest? Or what if people
need to know their cj oh ifyou've listened to this show very long,
you should know the answer to that, which I know you do. Sean,
absolutely yes, So listen. Ithink in this day and age when
there's so much academic discussion around whatwe would call like interest rate artraging.

(23:02):
So, oh, I've got amortgage to three percent and my CD is
paying me five, so I willnever pay off my mortgage. I'll be
frank with you. That is aterrible idea, just a terrible, terrible,
terrible idea, because what you're notacknowledging is risk. You assume,
you assume that you will always havethat cash, You assume that you will

(23:23):
always have a job with income comingin, and debt equals risks. So
what we would say to you iswe're not saying that you shouldn't be aware
of those interest rate differences. We'resaying that your goal should be to eliminate
debt, especially if your goal isto have a retirement that is reducing stress
on your life. So yes,work towards paying off your debt, even

(23:47):
when you run into these unique circumstanceswhere you can get more on your CD
and money market than you are literallypaying on the debt. So action step
number four is planned to pay offyour mortgage by the time you retire,
but be careful with what funds you'redoing. You're using in order to do
this, So every once in awhile, we'll run into somebody who misapplies

(24:08):
my passion, and I say mypassion our passion. They'll misapply the passion.
They'll say, you're right, Iwill pay off that mortgage. I'm
turning sixty years old next year.I want to retire, and so I
took a two hundred thousand dollars distributionout of my IRRA to pay off the
mortgage. And we go, no, that's not what we meant. True
story. So yeah, I knowexactly true story. So be cautious because

(24:32):
as much as we want you tobe debt free, it needs to be
in within a sound financial plan andbeing mindful of taxes and penalties, so
on and so forth. So actionstep number four is to plan to pay
off your mortgage, but maybe alsoplan to hire a financial advisor to help
you decide how to pay off setmortgage. So here's some reasons why you

(24:53):
should pay off the mortgage. Havingthe mortgage paid off lowers your required cash
flow. So we talked about earlier. Hey, average person needs seventy to
eighty percent of your pre retirement incometo live comfortably in retirement. Well what
if what if right before retirement youpay off a mortgage that was three thousand
dollars a month. Well, listen, you might need fifty to sixty percent

(25:17):
of your pre retirement income. Soby paying off that mortgage, you're required
inflow in retirement is much lower giventhat you don't have that outflow of the
mortgage. Reason number two is gettingrid of an anti or an anti asset
as we call it known as aliability, is like making an investment.

(25:37):
So think of it this way.Every once in a while, Mollie and
I will meet people where they'll say, hey, I could pay off my
mortgage in the next years if Ilike double pay or pay extra, but
I could also put that into myfour to oh one K. And my
four to oh one K has beenaveraging, you know, eight percent a
year. And again it goes backto that interest rate arbatry, and we

(26:00):
go, oh, we get that. But think of this, If you
pay off the mortgage by the timeyou retire by doing the double payments,
it could literally save you two threefour thousand dollars a month and a mortgage
payment you know when you retire.Versus if you put that into your four
oh one K and you put twothree four thousand dollars a month into a
four to one K. Is thatgoing to generate an extra three to four

(26:21):
thousand dollars a month for you inincome? The answer is no, No,
not at all. So if yourgoal is to try to control stress
and risk and cash flow in retirement, as you get closer to retirement,
your attitude towards paying off those debtsshould only be compounded. Reason number three
would be paying off for or downyour mortgage. It also saves you the

(26:44):
interest that you were paying on thatmortgage. So if you're paying three four
five percent, you're paying down thatmortgage faster and saving an interest in saving
interest. And finally, reason numberfour, paying off your mortgage is a
certainty. So think of it thisway. I've gotten eight percent a year
on my four oh one K.That may be true, but was it

(27:07):
always eight percent? Was it eightpercent every single year? And of course
people chuckle, No, that's youknow, that's over a ten or fifteen
year cycle. Well, listen,if I pay off a mortgage that's costing
me four to five percent, that'sa guarantee of savings. Right, there's
no question of will I owe thator will I not ow that? If
I pay it off. I ampaying off a known factor that not only
costs me the outgoing cash flow,but it also costs me the interest.

(27:32):
So long story short and all ofthis action item number four is one of
our favorites. Plan to pay offthat mortgage. And before we get to
the Claws quiz question week, whatis number five? Mister CJ. Yeah,
Action item or action step number fiveis understanding what your retirement savings goal
are and how many years you haveleft to achieve them. So again,

(27:52):
this whole plan or this whole pointsis to try to hit your target.
Well, a large part of thattarget is when do you get there?
And when can that happen? Andyou might be able to sit down with
a financial planner. We do thisquite often where we say that, you
know, they come in saying,here's my goal and I want to accomplish
it by sixty five. And we'llsay, well, what if I told

(28:15):
you you could hit that goal bysixty two? And they go, what
do you mean and we just go, well, it's just math. I
mean the math says that if thisis your goal to you know, replace
income and be comfortable when we addup all the numbers, you can do
it three years earlier? Do youwant to do that? Right? So
the point being know how many yearsyou have left towards that, and that

(28:37):
is a little bit more of acomplicated equation, so you might again need
to sit down with an advisor oraccountant to calculate that. And talking this
morning with our retirement planning professional CJ. Closs and Malia Quavis. Don't forget
if you missed any part today's program. A lot of great information you can
always listen back at Clossfinancial dot com. That's k l aas Financial dot com.
The telephe number six so eight fourfour two five six three seven for

(29:00):
that initial gets to know you appointmenttech losts Financial. It will be complementary
to you speaking of the number youwant to hold on to week because it's
time now for the Coss Quiz Questionthe Week, and just a moment I'll
ask you the class quiz question theWeek. You will then have thirty minutes
from the inter today's program to callcost Financial Office right here in Madison at
six oh eight four four to twofive six three seven. If you are
the first caller who win this week'sprize, which is a twenty five dollars

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gift card to Best Buy. Thisweek's COLSS quiz question the week is this.
If you are over the age offifty and twenty twenty three and have
an employer retirement plan, what isthe total amount that you can contribute including
the catch up amount? Is itseventeen thousand dollars or thirty thousand dollars?

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Telephone number six oh eight four fourtwo five, six three seven If you
are the first call with correct answerto win this week's prize, which again
is a twenty five dollars gift cardto Best Buy. And again that's seventeen
thousand or thirty thousand. Again,first call with correct cancler win that prize?
Cej Malia, It's always great chattingyou guys. Enjoy this beautiful day.
Thanks SA Sean, Take care guys. Amy Hoague with the Goodman Community

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Center. She joins us next yearon thirteen ten WIBI. This is Money
in Motion with COSS Financial Asset Advisors, LLC, a registered investment advisor registered
with the SEC. The content ofthis show is for informational purposes only and
should not be considered individual investment advice. Class Financial does not offer tax or

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legal advice. Any opinion offered duringthe course of this show is the opinion
of that particular investment advisor representative,and not necessarily the opinion of COSS Financial