Maximizing Employer Contributions

Episode Transcript

Speaker 1 (00:00):
The full lines.

Speaker 2 (00:00):
They are open to you right now at six oh
eight three two one thirteen ten. That's three two one
thirteen ten. If you have questions for our retirement planning
professionals from Class Financial, they are here for you. Of course,
you can learn more about Class Financial on their website
Cossfinancial dot com. That's Coss k l a A s
Financial dot com. Great resource. Learn more about Coss Financial,

(00:24):
the separate divisions, how they can help you, or if
you're an employer. As a matter of fact, you're an employer,
We're going to be talking about something very specific to
you about the important role that you play in retirement planning.
But you can learn more about Class Financial on their
website Coss Financial dot com. That's Coss k l a
A s Financial dot com and their telephone number six
oh eight four four two five six three seven. No

(00:46):
charge for that initial get to know you appointment tech
Coss Financial. It will be complementary, complementary to you again
their number six oh eight four four two five six
three seven. And joining us this morning are CJ. Coss
and Forrest Ross of Class Financial.

Speaker 3 (01:01):
C J.

Speaker 1 (01:01):
How you doing this week?

Speaker 3 (01:03):
I'm doing great. It's a beautiful day today, Sean.

Speaker 2 (01:05):
It is we just and uh Forest, we'll get to
just one moment. I do want to say. We have
folks that listen to the station. They hear you and
I are actually actually you talking about the spring is
ready for warm temperatures in spring, and I'm like, I
guess mort I said, c J. We may need to
just go in by the forecast. We may already need
to re record that one.

Speaker 3 (01:23):
I know what, an't you know? We're early March still,
and it feels like we're May already, so it's pretty nice.

Speaker 2 (01:30):
It's not going to complain. Nice thing too, is your
plan right for retirement? If you don't like the early
March weather when it gets snowy and grummy, you can
you can take some time to Florida somewhere beautiful like that.
Also joining us this morning is Forrest ross Forest. Great
to have you back. You're ready for the beautiful day.

Speaker 4 (01:46):
Good morning, the sun is shining and everybody's happy.

Speaker 1 (01:48):
Darn right they are.

Speaker 2 (01:49):
What a great day and what a great topic I
had as well as we talk with CJ and Forrest.
Don't forget of course, they come to us from Class
Financial that website. Coss financial dot com. That's Class k
l a a s.

Speaker 1 (01:59):
Financial.

Speaker 2 (02:00):
As mentioned, we're going to be talking about the important
role that employers play when it comes to retirement planning
and some steps you can take when it comes to
ensuring your financial future. One of the cool features of
the program is the Closs Quiz Question the Week your
chance to win a fantastic prize this week, no exception.
You'll have to chanswer for you a little bit later
on this morning to win a twenty five dollars gift
card to the cheesecake factory. Our friends from Class Financial

(02:23):
have provided that will tell you a little bit later
on how you can win the class quiz quesch the
week how you can win that prize.

Speaker 1 (02:29):
Little tip pays very well.

Speaker 2 (02:31):
And gives you a little leg up on everybody if
you pay close Stenson the program, because just about every show,
the question and answer come up during the program. Before
we get rolling on this week's conversation, let's actually look
back at last week's show and review the question and
get the answer there as well.

Speaker 1 (02:44):
For the Class Quiz question of the week.

Speaker 3 (02:47):
Yeah you bet well. Firstly, thanks everyone for listening and
for participating in this stuff. We have a good time
with it and we hope you do as well. And
congrats to our winner from last week, which was Lisa
of Wanna Key. Lisa correctly answered the following question it
was true or false. You can make a twenty twenty
four contribution to an IRA up until April fifteenth of

(03:11):
this year. Is that true or false? And Lisa was
correct in saying that is true.

Speaker 2 (03:17):
Great work, Lisa, You too can be like Lisa Payple's
tension to the program to the class quiz question leak
a little bit later on in this half hour, as mentioned,
we're going to be exploring the important role, the vital
role that employers play in retirement planning, in practical steps
you can take to secure your financial future.

Speaker 1 (03:33):
It's all still spout that CJ.

Speaker 3 (03:36):
Yeah. So some of these insights we're going to talk
about came from the Retirement Survey and Insights Report from
twenty twenty four by Goldman Sachs Asset Management. They provide
valuable data and solutions to help both employers and employees
navigate retirement savings. But with us today, as you've already mentioned,
we have Forrest Ross, who is our director of Retirement
Services here at Coloss Financial and so he's going to

(03:58):
dig into some of this data and the finding, So
Forrest go ahead.

Speaker 4 (04:02):
Thanks CJ, and thanks for having me on the show
again this morning. Good morning everybody, and let's start by
first of all, discussing what employers can do to help
their employees plan for their retirement, specifically through the four
oh one K plan that they're providing to their employees.
And this survey and other research really indicates that employees

(04:25):
put a high value on retirement savings support and financial
advice that they can get from their four to oh
one K plan. And this kind of makes sense when
you think about it, because when you're planning for retirement,
a lot of people can feel overwhelmed and just not
sure what to do if they don't have the right guidance.
So what can employers do to help provide some support

(04:48):
to their employees through the four one K plan? And
this survey indicated a couple of key ways employers can help.
First of all, they can help by provide personalized planning
tools through their four to oh one K plan. So
these days, there's a lot of online calculators projection tools

(05:11):
that can help employees figure out what's the right amount
for me to save in my four to oh one
K plan and how big of a nest egg do
I need when I retire. That's one of the big
questions that we get all the time when we're talking
about participants about their four oh one K plan is
how much do I save? How much do I need?

(05:32):
And again, a lot of these tools can really help
answer some of those questions for people and put a
very complex question into very easy and understand terms. Next,
an employer can provide financial advice through their four oh
one K plan so employees consistently show that they value
access to professional advice. Whether that comes through in person

(05:57):
one on one meetings or group meetings or phone comsultations
or zoom meetings. You know, there's multiple different ways that
employers can provide that kind of access to employees that
can really help them get some good guidance. Next, they
can also look at expanding retirement plan features in their

(06:18):
four oh one K plan. There's been some recent legislation
that allows employers now some more innovative features like adding
the option for student loan repayment matching program, emergency savings accounts,
or even guaranteed income choices and all of those can
really enhance an overall retirement plans effectiveness and also assist

(06:41):
the employees as well, and then finally educate your employees
again through the four oh one K plan with retirement
with workshops and webinars, people really appreciate being able to
access some of these wellness what we would call financial
wellness tools, maybe when they're at home with their spouse

(07:04):
at night. So giving the employees access to some of
these more comprehensive financial planning topics through webinars and workshops
can really be valuable to them as they're trying to
navigate their financial situation.

Speaker 2 (07:18):
Talking this morning with Forest Ross and CJ. Closs or
retirement planning professionals from Class Financial. If you've got a
question'd love to hear from this morning telephone Mrs six
eight three two one thirteen ten. That's six h eight
three two one thirteen ten. Learn more about Class Financial
online Cossfinancial dot com.

Speaker 1 (07:32):
That's coss Klaas Financial dot com for us. Anything else
I know?

Speaker 2 (07:37):
Obviously, the relationship employer employee is a unique one. There's
also some some other areas that that employers can be
really beneficial with their employees.

Speaker 1 (07:45):
Isn't there.

Speaker 4 (07:46):
Yeah, absolutely, and the survey really said that employers have
a unique opportunity to what they call go from default
to engage planning experience for their employees. So this means
going beyond just the standard features like auto enrollment or
auto escalate and really help provide their employees with a clear,

(08:07):
personalized roadmap so that way they can use these different
tools in the forum that they're being provided for through
their four oh one kese services to help them really
make intelligent, thoughtful financial decisions.

Speaker 2 (08:21):
Great stuff this morning Forrest Ross and CJ closs O,
our retirement finding professionals from Class Financial. I mentioned that
website class financial dot com. That's coss k l aas
financial dot com. Hope you get a chance to stop
by there today. You can learn more about colss Financial,
you can learn about the team. You can learn about
CJ and Forrest and Malia and everyone over at claus
Financial Eric as well of course all online at classfinancial

(08:43):
dot com. Also, while you're there, you can sign up
for the weekly Market Pulse newsletter. It's a great weekly
email comes in your inbox. We'll snapshot of what's been
going on in the market. Also link to the most
recent podcast again. That available to you at classfinancial dot com.
Betel for number six oh eight four four two five
six three seven. No charge for that initial get to
know you appoyment tech COSS Financial. It will be complementary

(09:04):
to you again. Their telephone number six oh eight four
four two five six three seven. Looks you to our
conversation with cjn Forrest. We'll talk a little bit about
four oh one k's and you. We'll do that next
as Money in Motion with Coss Financial continues right here
on thirteen ten wiv A talking this week with Forrest
Ross and CJ.

Speaker 1 (09:22):
Closs.

Speaker 2 (09:23):
Of course they come to us from Class Financial. The
website coss financial dot com. That's klaasfinancial dot com. Great
website and resource to learn more about COSS Financial. Don't
forget if you missed part of the program, you want
to listen back to the show, or maybe you want
to share some of the information with friends and family.
Of course, the podcast available to you at Cossfinancial dot com.
Their telephone number six oh eight four four two five

(09:45):
six three seven. No charge for that initial get to
know your appointment at Colss Financial. It will be complementary
to you again. Their number six oh eight four, four, two, five, six,
three seven. Talking in that last segment with Forrest about
the employer side of retirement planning, let's kind of shift
gears then and talk about what folks can do as
it comes to being a four to oh one K

(10:05):
plan participant. What can regular people do to kind of
take control of their retirement planning?

Speaker 1 (10:11):
CJ.

Speaker 3 (10:13):
Yeah, So, whether your your employer offers extensive resources or
you're managing this process on your own, there are some
actionable steps you can take to kind of set yourself
up for success with your employer sponsored retirement plan. Now,
as I start talking about some of these actionable steps,
just remember when we say this, often people go, what
are they talking about? Employer sponsored? These are your traditional

(10:35):
So if you work somewhere often not always, but often
your employer will offer things like simple irays or SEP
I rays or four oh one ks or four h
three v's or fourty sevens or four oh one a's
and there's all these different terminologies, but the idea being
it is the your employer who is sponsoring that retirement
plan for your benefit. So those are the plans we're

(10:56):
talking about here, And these are the plans that have
different resources potent available to you. We're going to talk
about some of those resources and how to empower you.
So Number one, take advantage of various employer resources. So
things like if your employer provides financial planning tools or
advisor access, we would suggest use those tools. These resources

(11:18):
can simplify decision making and clarify your path to retirement.
Check with your h artist's team at your employer to
see what benefits are available. And when we say that,
we're referencing, like you go to the website for the
four to one K plan, often they'll have these calculators
like calculate if you're saving enough to actually retire someday now.
Often if you work with a financial advisor, they will

(11:40):
do these same calculations for you. But the of course,
an advisor costs money, right Whereas these employer financial planning
tools that are on the website, they may be less robust,
but they can at least give you a sense of
if you're headed the right direction. Number two would be
to increase your contributions. Even small increases in retirement contributions

(12:02):
can make a big difference over time. For example, raising
your four one K contributions by just one percent annually
can add tens of thousands of dollars to your retirement
savings through compound growth over a lifetime. If your employer
offers matching contributions, obviously be sure to take full advantage,

(12:22):
and it's essentially what we would call free money for
your future. Do be aware of some of the maximum
contribution limits. We've talked about this in previous shows, but
if you are under the age of fifty in twenty
twenty five, you can contribute up to twenty three thousand,
five hundred dollars into your four to win K or
four h three B. And if you're over the age
of fifty, you get an additional seventy five hundred dollars

(12:44):
catch up contribution, and believe it or not, starting this
year and in future years, if you're over fifty, but
specifically sixty to sixty three, your catchup amount is eleven thousand,
two hundred and fifty dollars. So be aware of these ages.
These are amounts going to want to like try to
contribute to those four one K plans as much as possible.

Speaker 1 (13:05):
Really good detail, go ahead.

Speaker 2 (13:07):
John, I was gonna say, and it's some really good details.
As we talk with CJ and Forrest this morning over
you learn more online the website class financial dot com.
That's Claus k l a A S Financial dot Com
and CG. I know a big CJ over the year
is a big thing. I mean, We've done entire shows
about diversification, and I've got to guess that this expands
through through all aspects of retirement planning, doesn't it.

Speaker 1 (13:28):
It does.

Speaker 3 (13:29):
Yeah, it's a good point, Sean. So we talk about
diversification within your investments obviously, So it's this notion of
don't put all your eggs in one basket. So we
call this be aware of the risk of your decision
making right. It's kind of like the person who says, hey,
if I drink and drive, it's unlikely that I will
get pulled over, and you go, yeah, but you might die, right,

(13:49):
not to mention you might kill other people. So it's
right when you look at at these factors of decisions
that you make. Similarly, like on diversification, you have to
look at the consequence of being wrong. So the consequence
of putting all your money in one investment is if
that investment doesn't do well, it ruins you financially. So
in a similar way. And by the way most people

(14:11):
get this, they go, yeah, yeah, yeah, but think of
that through the lens of financial planning decision making, such
as like I save everything into my four oh one
K plan. Well, if you do that, are you are
you aware of your debt load? Are you paying down
your debt? Are you building up an emergency reserve so
that if you lose your job you can actually live

(14:33):
without having to tap your four oh one K plan
before you're eligible. You get the idea that would be
diversification of financial planning focus. So don't just think about
saving into your four one K plan. Think about the
rainy day fund, the high interest credit card debt, the
auto loan that you have, the mortgage. Diversify your focus
outside of the four one K plan. And Forest can

(14:55):
attest when he goes to different employers that we work
with where we sponsor the four one K or I'm
not sorry not sponsor, but we're the advisor on the plan,
he will often be talking about these topics. So he
will say, hey, here's not only what you need to
be doing in terms of saving into your retirement plan,
but have you been thinking about these other topics. Step

(15:16):
number four would be to just educate yourself. So if
you're listening to this show, you can you can check
the box because you're already educating yourself. But read articles,
listen to podcasts. You know, often our clients will reach
out to us and say, hey, what podcast do you
listen to? And so truly I love this question because
I could give you, you know, three or four fantastic

(15:39):
financial podcast to just up your IQ. And then you know,
Number five on our list is review and adjust your
plan regularly. So this would be your estate plans, your
financial plans, your insurance plans. This is the whole of
your financial picture. You need to review it pretty consistently.
We believe this is where a financial planner can be
a huge value add because they will systematize or automate

(16:03):
the ongoing review of your financial plan. We often find
that if people do it on their own, they spend
all their time on one topic. Right. Like one might
be like, I love my investments and I look them
up every single day, and then you go, do you
have an estate plan? And they go, no, if I die,
I don't know where my money is going. But I've
got these great investments that are really great. You get
my point. The idea is a good financial planner. We'll

(16:23):
be looking at the scope of your financial life and
kind of forcing you to pull your head out of
the sand and look at it all.

Speaker 2 (16:29):
Talking this morning with CJ. Closs and Forrest Ross. They
are our retirement planning professionals from Class Financial. I mentioned
the website too, colssfinancial dot com. That's coss k l
Aasfinancial dot com. Great website there, Tell for what number
six oh eight four four two five, six three seven.
Don't forget no charge for that initial get to know
you apployment dech loss Financial. It is complimentary to you
again their number six oh eight four four two five

(16:51):
six three seven and CJ laid out really good information there.
And I've got a guest though, for ust take some
time and effort to kind of put that stuff into practice,
doesn't it?

Speaker 4 (17:01):
Oh? Absolutely? And you know, we really feel the key
is to first of all, get started, take some initial action,
and then stay consistent. You know, whether you're an employer
looking to really empower your employees to make good financial decisions,
or you're an individual striving just to get kind of
on the right track and establish some financial security. Intentional

(17:24):
planning and steady action can really make all the difference.

Speaker 2 (17:27):
So forst and what is kind of that personalized plan,
what does that look like?

Speaker 3 (17:31):
Yeah, you know.

Speaker 4 (17:32):
It's interesting because it's different for everybody, right, I mean,
my plan is going to look different from CJS and
CJ's is going to look different from yours. So you know,
you really have to really try to look at your
unique circumstances and come up with, you know, what is
your income, what are your goals, and then do some
really specific planning and projecting for how does your future

(17:55):
look and how are all those different financial pieces that
we talked about earlier going to fit together. But then
you also have to be aware of, you know, things
happen in life. It can throw you a curveball, so
your plan has to be able to kind of be
flexible and be able to accommodate some of those unexpected
things that can come up as well.

Speaker 1 (18:13):
Talking this morning with CJ.

Speaker 2 (18:15):
Closs and Forrest Rosser Retirement Planet professionals from Class Financial
website Class Financial dot Com Tellphy number six so eight
four four two five six three seven. So Forrest, let's
let's kind of work out some hypothetical scenarios.

Speaker 1 (18:27):
And kind of put this into action.

Speaker 4 (18:30):
Yeah, thanks, So, just to give a couple of quick
examples here, let's say that we have Sarah and she's
a thirty five year old mom working, so she's trying
to juggle her child care, her childcare costs, mortgage all
of her expenses, and you know, without a plan, maybe
she's not able to even contribute to a four oh

(18:52):
one K plan through her employer. If she does it,
maybe it's just sporadically. But if she sits down and
takes the time to develop a plan with a professional,
maybe she's able to establish a budget to kind of
get control of her expenses. That then she can start
saving small, consistent amounts into a four to oh one
K plan and maybe even increase it as time goes

(19:13):
on and she gets pay raises, and those kind of
action items can really help put her on track to
be successful overall. And let's also take a look at
maybe a second person, Jim, who's maybe thirty years old,
hearing retirement and Jim realizes that he didn't start saving
for his retirements until later in life, maybe either his

(19:34):
late thirties or early forties, and he really feels like
he's behind the eight ball, right, He's like, I didn't
start until later. You know, how am I ever going
to get where I need to go? And the answer
is he can still get there, but maybe he needs
a plan to help make him realize that he can
use those catch up contributions that we talked about earlier
or other things to help make up for that lost time,

(19:57):
so that way he can get back on track and
optimize his savings and help really enhance his nest egg
for his overall retirement. So here's really what we believe.
The takeaway is, you know you can achieve financial security
and retirement have a successful retirement. It is possible, but

(20:19):
it doesn't usually happen by accident. You know, it really
requires some serious intentional thought in planning, and you should
really just start by assessing your current situation in where
you at and then set out really clear, thoughtful, actionable goals.
And please don't hesitate to reach out to a professional
if you need help, whether it's a financial planner CPA,

(20:42):
a trusted family member, or tapping into those four oh
one K resources that we talked about from your employer.
Don't be afraid to ask for advice if you really
feel like you need it.

Speaker 2 (20:52):
Talking this morning with Forrest Ross and CJ Closs of
Class Financial. Really great information this week as always, don't
forget some great data. Subscribe with the podcast head on
over to Clossfinancial dot com. That's Coss k l a
a s Financial dot Com. Of course, can subscribe right
online learn more about Coss Financial as well as sign
up for the weekly Market Pulse newsletter that again available

(21:13):
to you at class financial dot com. The telephon number
six oh eight four four two five six three seven.
No charge for that initial gets to know you appointment
at Coss Financial. It will be complimentary to you. We're
going to continue our conversation with CJ and Forrest. We're
also going to check the inbox. We will do that
next as Money in Motion with Coss Financial continues right
here on thirteen ten.

Speaker 1 (21:31):
Wu ib A.

Speaker 2 (21:35):
Had a lot of great information so far in this
week's program, Don't forget. You can listen back to the
podcast at Cossfinancial dot com. You can subscribe there as well. Again,
that's Coss Financial dot com. K l a A S
Financial dot Com. Telephone number six oh eight four four
two five six three seven, No charge for that initial
gets to know your appointment at Colss Financial. It will

(21:56):
be complementary to you again their number six oh eight
four four two five six three seven. Coming up a
little bit later in the segment, we'll do the Money
in Motion the closs quiz question of the week. We'll
do that a little later the segment, but first we've
got the Money in Motion listener question corner and Tom
took the time to write in he's got the following question.
He says, my father recently passed away and left me
his IRA. I've heard something about a ten year rule,

(22:19):
but I'm not sure what that means. How does it
affect my inheritance and what are my options for taking
distributions in CJ.

Speaker 1 (22:27):
I'll give that one to you.

Speaker 3 (22:29):
Yeah, yeah, well obviously first thinks, First, my apologies on
your father's passing. Always well, anyway, always difficult to lose
a loved one, especially a parent. But to answer your question,
when you're inheriting an IRA from a parent, understanding distribution
rules is crucial to making informed financial decisions, So great question.

(22:52):
Under the Secure Act of twenty nineteen, most non spouse
beneficiaries like children in your case, must follow some and
called the ten year rule. Now, it didn't used to
always be this way. So you used to be able
to inherit money from a parent it was in a
retirement account, and you could use your own life expectancy
tables to perform distributions over your life expectancy, but not

(23:14):
so much anymore. If the death occurred after twenty nineteen,
then these new rules apply, which is this ten year rule.
And this means that while you are not always required
to take an annual minimum distribution, you must fully withdraw
all the funds from the IRA within ten years of
your father's passing. Now, I do want to just hone
in on something there. You may or may not be

(23:36):
required to pull annual minimum distributions. It depends upon whether
or not your father had had reached his required beginning
date known as an RBD. If your father had reached
his required beginning date, which is just for rm D purposes,
then you will have to continue pulling out at least
a minimum distribution and then make sure that all the

(23:59):
money is out by the end of the tenth year. Now,
remember if this is a traditional IRA, as that money
comes out, it becomes income taxable to you. And finally,
if it's a roth iray. You still have to abide
by the same rules of getting it out, either you know,
a little bit at a time, or all at the
end of the tenth year. But there's just no tax
as you pull the money out of the wroth for everybody,

(24:20):
just so you know, when our clients come in. Most
of the time, not always, but most of the time
we are actually spreading out that ten year that that
distribution over ten years pretty equally, especially if our clients
are old enough. So I don't know your age, but
you know, depending on your age, it might just be Hey,
if I'm in retirement, you know, and I need to
pull out the money and it's taxable as I receive it,

(24:42):
how should I do this? Many times we're just evenly
distributing it. There would be an exception if that was
a wroth ira there's a wroth, we'd want to leave
it alone as long as possible. But long story short here,
this whole ten year rule has created a lot of
additional confusion for people. They don't know how to adhere
to the rules. A lot of the custodians have not
built tools to actually help you on this, so many

(25:04):
times they don't even know think the schwabs and fidelities
of the world to be like I don't know. It
depends on exact circumstances. Talk to your financial advisors what
they'll say. So it just really encourage you when you
start getting into inherited retirement accounts and needing to meet
certain guidelines or rules. This is probably where a good
CPA or advisor would be a big help.

Speaker 1 (25:24):
What did RBB stand for against CJ We haven't died all.

Speaker 3 (25:27):
A required beginning date. So for those who have heard
us talk about required minimum distributions for Americans, currently, your
RMD age is seventy three, the year in which you
turn seventy three, but depending upon when you were born,
it may even be seventy five, so somewhere it's either
seventy three or seventy five. But your required beginning date
is April first of the year following the year you

(25:48):
turn RMDH. So if your MDA is seventy three and
that's in twenty twenty five, you don't have to pull
out a minimum distribution until April first of next year.
So interestingly enough, then you say, well, but my father died,
what does that have to do with it? The question
is did your father reach their RBD that April first
of the year after hitting r MD age. And if

(26:10):
the answer is, oh, yeah, yeah, yeah, my father was
seventy eight years old and had a minimum distribution, well
then you actually have to continue pulling a minimum distribution
that was at least as much as what he was
over those ten years, and then by the end of
the tenth year, all the money has to be out
of the retirement account. Oh boy, A bunch of complications.

Speaker 2 (26:28):
So and for folks that don't know, I kind of
keep a little cheat sheet glossary here when I like
to jot down when I hear something new, I like
to jot it down just when it comes up in
future hills. And I don't think we ever talked about
RBD before, so it's, uh, that is fascinating.

Speaker 3 (26:41):
No, you're just not listening closely enough, Sean. We have
have We really did, really, I think so I seem
to remember talking about I'm just giving you.

Speaker 2 (26:50):
As you shoot, as you know what I'm going to
be doing today listening back to podcasts, and of course
it's real easy to do right at classfinancial dot com,
that's Class klaas Financial dot Com. They're top number six
oh eight four four two five six three seven. No
charge for the financial get to know you apployment at
COSS Financial. It will be complimentary for you again their
number six oh eight four four two five six three seven.

(27:12):
You can hold on to that telephon number because it's
time now for the Coss Quiz Question of the week.

Speaker 1 (27:16):
It works like this.

Speaker 2 (27:17):
In just a moment, I'll ask you the Coss Quiz
Question the week. You'll then have thirty minutes from the
today's program to call the Class Financial office right here
in Madison again the number six oh eight four four
two five six three seven. If you are the first
call with correct answer, win this week's prize, which is
say twenty five dollars gift card to cheesecake factory. This
week's Closs Quiz Question the Week is this in twenty
twenty five, what is the total amount you can contribute

(27:40):
into your employer's retirement plan if you are under fifty?
Is it twenty thousand dollars or twenty three thousand, five
hundred dollars? Telephone number six oh eight four four two
five six three seven. First cost correct answer, wh that's
twenty five dollars gift card to the cheesecake factory. And
again that's COSS Financial's office right here in Madison six
four four two five, six three seven CJ.

Speaker 1 (28:03):
Forrest always great chatting with both of you guys. Have
a great day.

Speaker 4 (28:06):
Thank you very much.

Speaker 1 (28:07):
Take care guys.

Speaker 2 (28:08):
Doctor Marty Greer comes your way next here on thirteen
ten WUIBA. This is Money in Motion with COSS Financial
Asset Advisors, LLC, a registered investment advisor registered with the SEC.
The contents of this show are for informational purposes only
and should not be considered individual investment advice. Class Financial
does not offer tax or legal advice. Any opinion offered

(28:30):
during the course of this show is the opinion of
that particular investment advisor representative, and not necessarily the opinion
of COSS Financial. News comes your way next right here
on thirteen ten wiba