November 2, 2025 • 43 mins
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Speaker 1 (00:00):
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The full nines are always
(00:43):
open at six point two five four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:55):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kalviig, found and CEO of the Haven Financial Group.
Speaker 3 (01:01):
Thanks for listening this morning.
Speaker 2 (01:03):
Feel free to give us a call at six one
two five zero four eighty four hundred or visit us
online at Havenfinancialgroup dot com. There's all kinds of retirement tools,
our calendary events, all our educational events, and we like
to do a lot of them because we think education
is important.
Speaker 3 (01:20):
Kim, good to be with you, and we're going to
talk about what else? Then? Government shutdown? How about it?
Speaker 4 (01:26):
Government shutdown? Not particularly an uplifting conversation, that is for certain,
But you know, I think it's really important for people
to understand how a government shut down affects them. We've
had a number of them through the years, some of
them lasting a lot longer than others, and this most
recent has certainly been one that has been longer than
(01:46):
anybody would like for it to be. But I think
Larry and you would agree. I'm sure that retirees you
don't need to be cognizant of what's going on, as
we all do. But really, you know, this is a
good subject for those who are in red hirement.
Speaker 2 (02:01):
Yeah, there's always there, always should be an awareness and
understanding of what's going on. But I draw the line
in the sense, to some degree, be careful with how
much news you absolutely absolutely absorb, because it can be overwhelming.
It can cause people to panic and do things that
maybe aren't so good when it comes to investments in
some of those things. But again, awareness and understanding so
(02:21):
very important.
Speaker 3 (02:22):
To you know.
Speaker 2 (02:23):
These these these shutdowns are not anything new. You mentioned
it very well. The most significant shutdown was a thirty
five day shutdown in twenty eighteen and nineteen under President Trump,
caused by a dispute over the borders, expanding borders US
of Mexico. And there's there was also a twenty one
day shutdown with Bill Clinton opposing major spending cuts in
(02:46):
the Barack Obama administration to dispute over the affordable care
So nothing new, nothing new, but it's just something else
that can you know, cause stress and stuff with the markets,
although the markets have been fantastic, but people should again
just be aware and understand how it affects them.
Speaker 4 (03:05):
Let's take a look at what we'll talk about this morning.
We're going to talk about what these are and why
they end up happening, these government shutdowns. We'll also talk
about government shutdowns and how they affect social security and medicare.
I think that's two of the most important things, certainly
when we talk about retirees and the impact could have
on them. Potential market impacts of course after government shutdowns,
(03:26):
and then finally some of the pitfalls of hasty decisions
in uncertain periods, which really goes to Larry's point. You know,
it's best, i think for everybody to sort of ride
these things out because they are cyclical. They do happen. Obviously,
as they drag along longer and longer, people maybe get
a little more concerned. But we certainly have seen them
(03:48):
happen many times, and so they are not uncommon. But
let's get started just talking about what these government shutdowns are.
You mentioned a few of them, and some of the
reasons that there was a government shutdown this time around
its healthcare and how it relates to immigration.
Speaker 2 (04:06):
Really it is government shutdowns. You know, they occur when
funding legislation required, you know, really to fund the federal
government is not inactive before the next fiscal year. They
just they can't get on the same page, and you know,
unless unless there's some continued resolution, so agencies have to
shut down. They lose authorities to spend money, is really
(04:28):
what it comes down with. And you know, there's accepted
services and there's non accepted well the accepted ones which
are in any work tied to life safety, property, that
type of thing. Those will get paid for, but the
the other ones they're not going to get paid for.
The accepted versus non accepted services, mandatory versus discretionary. You know,
(04:53):
people are worried about their social security that's going to
continue to be funded. But there are other things, other
agency operations that IT supports that are not so the
non discretionary. No parks get closed, you know, museums in DC,
a variety of things.
Speaker 3 (05:10):
There's been a lot of them.
Speaker 2 (05:11):
I think I just saw a study that pay has
been suspended for about a million workers and nine hundred
thousand workers have been furloughed.
Speaker 3 (05:18):
You know, those lives are affected. I was just with a.
Speaker 2 (05:21):
Client of mine, a new client of mine from Farmington.
He's a retired air traffic controller. Well, those folks are
still working, they're just not getting paid. So it does
affect people's lives. How long this is going to go
on for We'll have to see.
Speaker 4 (05:37):
So, Larry, how would you know, You know, typically when
they do finally come to a resolution, how do they
avoid this idea of a shutdown? You said it eloquently.
You know that they just can't get on the same page.
Right now.
Speaker 2 (05:50):
Well, the regular order, the House and Senate have to
pass something they have to reconcile and needs to be
signed off by the House, the Senate and then eventually
the President. Or what the Republicans say that they've already
included in this bill is the continuing resolution, which the
Democrats say that isn't the case, especially as it relates
(06:12):
to healthcare. So CEE ares continuing at resolutions. There are
short term extensions to keep the lights on, if you will, again,
keep everything on at prior levels while they continue to negotiate, negotiate,
or one that the Republicans have threatened, which is the
omnibus package where they bundle bills to speed the passage
when the deadlines loom. So you know, we're talking politics
(06:35):
talking get both sides get on the same page. Eventually
they will, but in the meantime there.
Speaker 3 (06:41):
Are a lot of folks.
Speaker 2 (06:42):
I think I mentioned it that there's you know, about
two million workers again that have been their pay has
been suspended, and nine hundred thousand workers that have been furloughed.
So lives are affected, you know, parks and of all
these different things.
Speaker 3 (06:58):
But it is the way it.
Speaker 4 (06:59):
Is right, you know, let's walk through though, what this
is not. This is not the debt ceiling. It's not
about that. It's not a default of treasure. It's it's
politicians not getting along or not.
Speaker 2 (07:12):
Negotiating exactly what it is. You've said it right. It's
not a debt ceiling. It's not about it's not about
paying existing obligations. Shutdowns are about authority to start and
continuing discretionary spending.
Speaker 3 (07:25):
It's all about the spending.
Speaker 2 (07:27):
One side wants to spend it on this, the other
one wants to spend it on his, so they try
to come to a happy medium. What I'll say is, though,
you know, even throughout this government shutdown, the stock market
remains high. We are setting record We've set several record
highs this month. So the good news is the market
has sustained, the economy is still strong, and it's not
(07:49):
all doom and gloom. But eventually this shutdown does have to.
Speaker 4 (07:53):
Give sure, absolutely, And as we mentioned, the longest shutdown
in history was in the first Trumpet administration thirty five days,
which is a long time. That's a long time to
ask people to go without paychecks. We're going to talk
a little bit more about how this can affect a retiree.
But right now, as we just talk about, you know,
(08:14):
workers and those who are being affected, it seems to me,
Larry one of the biggest effects on just individuals would
be the idea that if TSA workers don't get paid
and folks like that, that starts to have a real
effect on because obviously airlines are not flying the way
they normally would a regular schedules, and that becomes a
(08:35):
real issue.
Speaker 3 (08:36):
Hey, it does nobody.
Speaker 2 (08:37):
We all want to get paid for our services, and
eventually they will want to get settled. But if in
the meantime they're working for free because their pay is
being delayed, so it affects that and some other things
that it affects it. You know, the government reduces government revenue,
it reduces economic growth by disrupting major services. Just in
(08:57):
twenty thirteen there was a shutdown. I read that's the
standard and Poors said that that costs the economy about
twenty four billion dollars, which is a lot of money,
and that shaves off the growth for that particular year.
So this has after effects. This affect people's lives, but
it's not something new and it's been happening for years.
(09:19):
In fact, the dates went well back to the nineteen
eighties and then there's met there's been many shutdowns, so again, well, well,
time will.
Speaker 4 (09:27):
Tell right, absolutely well, we're talking about the government shutdown
and how it may impact retirees. So when we come back,
we're going to talk about Social Security and Medicare and
the impact that those two payments out might feel if
the shutdown would continue and win. There are shutdowns. A
quick reminder that if you hear anything this morning that
you have questions about, you'd like to speak to the
(09:48):
folks that have in Financial Group. They'd love to hear
from you. You just give them a call at six
one two five zero four eighty four hundred. That's six
one two five zero four eight four zero zero. Tell
them that you heard us here on the radio. You'd
like to come in sit down talk with the experts
there about what we're talking about this morning. Certainly talk
to them about any kind of retirement issues or any
(10:11):
kind of financial planning. That is how you get hold
of them when we come back. Social Security and Medicare.
That's on tap. This is the Haven Financial Group Radio Show.
Don't go too far.
Speaker 1 (10:21):
We're gathering more important insights and retirement ways Devin the
Haven Financial Group Radio Show. We'll be right back. Stick around.
You've got questions, We've got answers. Your tune to the
Haven Financial Group Radio Show with your host Larry Kulvig
and Kim Karagan. Now back to the show.
Speaker 3 (10:42):
Welcome back, listeners.
Speaker 2 (10:43):
My name is Larry Kolvig, founder and CEO of the
Haven Financial Group, and if you're just tuning in, you're
listening to the Haven Financial Group Radio Show where we
discuss weekly crucial retirement and financial topics, all those retirement
puzzle pieces that literally can make the difference between survive
retirement and thriving through it.
Speaker 3 (11:02):
Those golden years. We want to be as golden.
Speaker 2 (11:04):
As possible, so feel free to give us a call
at six one two five oh four eighty four hundred,
or visit us online at Hanfinancialgroup dot com or shoot
us an email at info at Havenfinancialgroup dot com. We're
all about answering retirement questions, and it never ceases to
amaze me how people have questions yet they just don't
(11:24):
get the answer. So we're all about getting the answers terrific.
Speaker 4 (11:28):
We're talking this morning about government shutdowns Obviously, we've all
been talking about government shutdown in the last you know,
almost nearly a month. Government shutdowns, they happen frequently, somewhere
a little longer than others. And as a government shutdown
drags out, Larry, it's not so much that Social Security
payments or Medicare payments are affected, meaning they don't stop,
(11:53):
but as a government shutdown drags on, the things that
swirl around those two payments may be affected, which could
ultimately affect when someone who gets those kinds of benefits
might receive them.
Speaker 3 (12:07):
Yeah, you said it.
Speaker 2 (12:08):
Well, so if you're listening and you're worried, oh my goodness,
I'm not going to get my Social Security or Medicare,
that isn't the case. Social Security monthly payments are going
to proceed because it's funded by permanent law, is automatic
systems keep running. Medicare and be coverage continues. Hospitals and
doctors can still build Medicare, so no problem there. Direct deposit,
any withholdings, anything that comes out, it's going to be.
(12:32):
It's not going to be interrupted. Existing Medicare plans remain
in force, so the pharmacists and everything to all the providers,
everything is normal.
Speaker 3 (12:43):
So don't worry there.
Speaker 2 (12:44):
However, what will be affected, and we've already seen it,
is the Social Security Administration, the field offices, the call center.
You know, there's some reduced staffing. Customer service is going
to take a plunge. Longer wait times, which I can
there could be longer wait times because if anybody's called
the so Sociecurity Administration, I hope you're a good multitasker,
(13:07):
because be prepared for a long wait and then maybe
when you do get somebody, it's doubtful they're going to
know the answers, but there's definitely field interruptions MM.
Speaker 4 (13:19):
So again, you're gonna get your check, you'll get your payments,
but they could be a little bit slower.
Speaker 2 (13:26):
You know.
Speaker 4 (13:26):
One of the things, though, I guess that would be
pretty dramatically affected, would be if this is the time
that you had intended to enroll.
Speaker 2 (13:33):
Oh yeah, and by the way, it is open enrollment,
annual enrollment. Isabella and Glenn A at the office here.
Plans have changed drastically. Insurance companies have canceled different things,
and if you're listening, December seventh is coming quickly.
Speaker 3 (13:47):
That's the deadline.
Speaker 2 (13:49):
Please again, get a partner that's helping you navigate through
healthcare because it could be very it's tough to navigate,
you know, for especially one of my clients last week.
How can even if I have a problem understanding it,
how can somebody seventy or eighty understand it? So we're
here to help in that area. But other things to
(14:11):
be prepared with the government shutdown is, you know, if
you have new claims appeals, any disability hearings, there's going
to be processing delays. If you needed a replacement document
or a replacement a Social Security card or something, it's
probably gonna take a long time. And then another one
is the CMS, the centers for Medicare and Medicaid services.
(14:33):
There again they're slower timelines. It's harder to believe that
it could be any slower than it was before, but
we're witnessing it.
Speaker 3 (14:41):
This week. We heard many interruptions and delays, if you will.
Speaker 4 (14:45):
Sure, I guess the thing that people are the most
concerned about obviously, though, is their cash flow. And I
would imagine you have some advice for people just in general,
because we don't know these interruptions might come about.
Speaker 2 (15:03):
It's why we teach cash flow financial planning. It's why
it's part of our process to make sure that the
retirees or those planning have a good, good liquidity so
they can handle this these times like this good liquidity,
I've mentioned it many times. We like to see for
retired middle sixty seventy fifty to one hundred grand liquid
(15:25):
and most people don't have ten to fifteen. You want
to have stock market investments, you want to have protected investments,
a good balanced portfolio, because we want that emergency fund
in case you have some out of pocket costs or
some delayed reimburse reimbursements for those flexible or savings accounts
or health savings account If you're starting social Security soon
(15:48):
and you know, we teach a lot of classes on
social security and tax If you're applying, you better allow
some extra lead time. Maybe you're going to have to
bridge the gap with income. You better have some liquidity
rather again the liquidity portions so you're not selling stocks
or something of that nature when the markets are going down,
and you know, you might want to confirm the automatic
(16:09):
payments for medical Part B MEDA gap medical assistance or
Part deed to prevent these lapses. Dis government shutdown does
take a toll. The longer it goes on, the more
we're going to feel it.
Speaker 4 (16:26):
Yeah, you know, Larry, going back to this being enrollment
time for Medicare, If you decide that you are going
to change the company that you're with and you make
that change, do you think there might be delays in
that coverage or will you be taken care of.
Speaker 3 (16:44):
I believe you'll be taken care of. I certainly do
you know?
Speaker 2 (16:48):
Even this week, this week and actually a few times,
the Social Security portal has gone down. We've had clients,
We've had clients come in and we've not been able
to help because the portal was down. Some say that
might have been some sort of hacking or the Chinese
or something. I really don't know, but at the end
(17:08):
of the day, there's going to be a delay. There
are special situations like IRMA appeals if you need some
extra help, Any of the extra customer service that you're
looking that you would expect is probably going to be
a little more difficult. It will be more difficult to
achieve than before.
Speaker 4 (17:30):
So talking about this gives us an opportunity to sort
of branch away from government shutdown and talk a little
bit more about Haven Financial Group and you mentioned it briefly,
but let's talk a little bit about some of these classes,
educational classes that you guys teach. And I know that
two of the areas are social security and medicare, So
(17:51):
talk a little bit about maybe what's coming up as
the year kind of draws to a close, how people
can find out about those and what they can expect
when they go.
Speaker 2 (18:00):
Financialgroup dot com is a great place to start. I mean,
it's a great website. It has all the calendar of
the events. And when I say that, we do a
lot of community education and at the local libraries, at
some of the colleges around here, community centers. Not in addition,
we teach some investment classes. We teach as you mentioned,
(18:20):
medicare maide simple because it's not simple, it's very complicated,
as well as some insurance classes. Everything geared towards retirement planning,
not because it's so exciting, but it's how we learn
and just when you figure things out, things change. You know,
there's important timelines that go with retirement that you and
I have talked before, like right now, the annual open enrollment,
(18:44):
special enrollment other times, and as to when you take
social Security, And it's why retirement financial planning it's different
than just putting money in your four O one K.
You have all those accumulation years, great, but when you
can get to retirement, now you're turning on Social Security.
Now you're accessing those retirement accounts that you've been building
(19:07):
all those years.
Speaker 3 (19:08):
It is a different season of life.
Speaker 2 (19:10):
And I had somebody said, really, well this past week,
and it's been said before, our guy, our gal has
got us to where we're at, but we're not confident
that they can get us to where we need to
go in retirement. Oftentimes I hear people say, well, I
ask our guy or gal who does our investments about
social Security?
Speaker 3 (19:29):
They have no idea.
Speaker 2 (19:31):
And Social Security is the biggest income stream for retired Americans.
So it's really understanding all the ins and outs, putting
all the retirement puzzle pieces together to make sure that
everything is coordinated, really working together rather than working in
different definite in different directions. And thank goodness, ten years later,
because it's our ten year anniversary, we have our state
(19:52):
planning attorneys. We have Lance and Molissa, our CPAs, we
have the investment team of twelve and all the other
ass specs of retirement and we can help in all
these areas or we're not an all or nothing company,
we can help in one or two. We're here again
and to assist and be a partner in these areas.
Speaker 4 (20:12):
So these educational seminars you can find the dates and
the locations at Havenfinancialgroup dot com. They are open to
the public. You don't have to be a client of
Haven Financial Group, but if you are a client, you're listening,
maybe you've got some questions or you'd like to get
updated on open enrollment or insurance issues. It's a great
(20:35):
place to go and certainly that they would love to
see you there. So again it's Havenfinancialgroup dot com and
I think we mentioned it, but they are free, but
they would like to have a headcount because they do
feel very very quickly. And if you have any questions
or you'd like to go in and meet with the
folks at Haven Financial Group one on one call six
(20:56):
one two five zero four eight four zero zero. All right,
we're talking about government shutdowns. What are they, how frequently
do they happen to happen and what kind of impact
might they have on your retirement planning or if you're
in retirement. Coming up next, we're going to talk about
the potential market impact and of course how that would
affect you and your investments. This is the Haven Financial
(21:19):
Group Radio Show.
Speaker 1 (21:20):
Ready to find your financial safe haven. Your dream retirement
is in reach. Don't go away, The Haven Financial Group
Radio Show will be right back. Are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Lari Kolvig is back and ready to
help you find your financial safe haven.
Speaker 2 (21:43):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. We appreciate you listening this morning where
we're talking about all kinds of things related to retirement,
the government shutdown, and uh feel free to give us
a call six one two five O four eighty four
hundred or Havenfinancialgroup dot com. Last segment, we mentioned the
various educational classes and I also wanted to point out
(22:05):
we have our new education center here on site at
our office and we're really utilizing it some just kind
of different types of classes.
Speaker 3 (22:14):
Last Friday, we had.
Speaker 2 (22:15):
A women wisdom and Wine hour and a half class.
Speaker 3 (22:20):
It was full.
Speaker 2 (22:21):
We have waiting lists for these. It was about a
state planning and peace of mind. For women and we'll
have that again. And our CPA Lance, the Big Beautiful Bill.
We had two classes of that and we could have
probably did five classes because there was a waiting list.
And I think I mentioned last week we had the
local police department to a senior fraud prevention. We had
(22:43):
two classes. We probably could have filled six classes. So
we are teaching. We are going to have that again
in November. So go to our site. The public's welcome,
our clients are welcome, friends, neighbors, family. We really are
strong in the education piece, and guess what, because of that,
we're able to help a lot of people because education
(23:05):
and information is really what people are seeking.
Speaker 4 (23:09):
I love these interactive classes that you're having too there
in the facility at the offices. I think they're really terrific,
really great ideas.
Speaker 2 (23:17):
Now and came, I'll say this, we like to have,
you know, classes, and it sounds stuffy and it sounds boring.
We like to have fun with topics that aren't necessarily
so fun. So if you're thinking that this is a
sit down stuffy, it's interactive and we like to have
fun with these topics.
Speaker 4 (23:35):
Yeah, no test at the end.
Speaker 2 (23:36):
Right, absolutely not. I didn't like tests, and I don't
expect you to like tests either.
Speaker 4 (23:43):
Let's talk about the markets and how they sometimes can
be affected by government shutdowns. This last government shutdown that
we've been experiencing, the market's still held pretty strong. There
have been times when the market has dipped as a result.
I think a lot of time times the market sees
it and it's built in. You sort of can see
(24:05):
it coming, you know, and that that might prevent some
you know, dropping off the face of the earth. But
let's talk about some of the ways a government shutdown
could affect the market. Starting with data blackouts. That can
be an issue.
Speaker 2 (24:20):
Yeah, you know, it's all about data data, data data,
and the Bureau of Labors and Statistics Report and other
releases GDP. They're suspended, so leaving the Fed and investors
with you know, fewer signals of what's what's coming, and
that can oftentimes leave itself lead itself to volunteer volatility
and rumors and surprises. But as I mentioned, the markets
(24:40):
have been very, very strong and at the end of
the day, well, for example, cost of living adjustment is
usually announced every October hasn't come out yet because government
shut down. So as soon as they get back to work,
I expect that that will be announced. So what it
lends itself too is you know, a lot of noise,
(25:02):
a lot of news speculation, and that causes people to worry,
which is why at all times, whether it's a government
shutdown or everything's going smoothly, it's to have a comprehensive
retirement plan, stress tests that portfolio to make sure you
have a good balance because sequence of returns risk is
(25:23):
so real and if you're not prepared for it and
you need cash and the market drops, now you're going
to start pulling from these accounts that you don't want
to start pulling from. So again, have a plan and
income distribution tax, they all go together.
Speaker 3 (25:39):
Have a plan.
Speaker 2 (25:39):
Make sure whoever you're working with or if you're doing
it yourself, you're rebalancing appropriately rather than making knee jerk
reactions or big rapid shifts and allocation when you shouldn't
be doing anything different and you should be holding the course.
And that's why having a partner, which is also almost
a counselor to walk you through and talk you through
(26:02):
these things. Because you came up with a plan, let's
stick to the plan and not jump all over the place,
which unfortunately a lot of people do.
Speaker 4 (26:11):
You know, one of the things we talk about a lot,
and I know that you guys are really you know,
don't feel strongly about their haveven financial group. That's the
diversification when it comes to your portfolio, and a government
shutdown could be a perfect example of why it's so
important because you know, as we've said this this past
(26:32):
government shutdown, the market's been pretty strong, but sometimes it's
choppy and if you're not diversified, you could really get hit. O.
Speaker 2 (26:40):
Diversification and efficiency in the portfolio is so very very important,
and it's what a lot of people lack. It's you know,
all the hole moudo investing bilo and sell high. Then
why do a lot of a high percentage of investors
do the opposite because they don't have a comprehend it's
a clearly defined strategy for what's going on because you know,
really it's a it's all about a discipline.
Speaker 3 (27:01):
You know, I talk about this for years.
Speaker 2 (27:03):
Those that have succeeded in planning for retirement have have
heated to a discipline for a long period of time,
a saving strategy and really sticking to it.
Speaker 3 (27:15):
You know time.
Speaker 2 (27:15):
You know, you've got to be aware of you know,
what type of assets to have and the right types
of accounts. Again, you don't want to be making the
wrong decisions within the accounts and then realizing taxes that
you could have avoided and other things as well. You know,
timing penalties, delays in checks processing rarely stop benefits. But again,
(27:39):
the cash flow projections, we sit down, the team sits down,
and we have several certified potential planners on the team
mapping out where to draw off of it at the
right time and really maintaining that discipline, rebalancing when you're
supposed to and reviewing this. You know, this isn't they
just set it and leave it. I've said many times
(28:00):
times on the show, retirement is more than a meeting
once a year for forty five minutes to an hour.
It should be several meetings regarding all these retirement topics,
and all of these should be discussed. I'll walk the
listeners through our process if you will. If you come in,
we're going to have a detailed conversation. We're going to
(28:20):
take a lot of notes. I call it the discovery
meeting your goals aspirations, where you're at with things. And
that's not a twenty minute meeting. It could be an hour,
it could be two hours. It's whatever we make of
it from there. If you decide to come back in
for a strategy session, we'll come up with some suggestions,
some recommendations, not because we're just signed trying to poke
(28:40):
holes in what you're doing, but we're trying to fine
tune and give you an understanding of why you're doing
what you're doing, so you have an idea of when
these bad times or these tough times happen. We have
a plan, and then we'll have an implementation phase or
a meeting where we implement the process and what we
talked about. And then it's monitoring and adjusting. Life happens.
(29:03):
Life's calendar doesn't cooperate with our calendar. Adjustments need to
be made. Health comes into play. Life happens, and it
happens quickly. You got to adapt. And that I just
walked listeners through our proprietary process and the relationships. Obviously,
we're looking to cultivate long term relationships, and we mean that.
Most of our clients are eyeballs and handshakes, let's get together.
(29:27):
I get this often well, how often can we get together?
How often do you want to get together? And it's
not just with me or the investment team, but it's
I bring Lance or CPA, the estate planning attorney. We're
a team and you when you work with us, you
truly get the team. You don't get a one man shot.
Speaker 4 (29:46):
Well, I think what's really interesting is that we this
day on this show have decided that we were going
to use government shut down as the backdrop for the discussions.
And that's obviously because there have been you know, this
has been an issue and people have been talking about it.
But what you just went through, Larry, is what you
do for every client, whether there's a government shutdown or not.
(30:08):
You check their cash flow, You make sure that they're rebalancing.
You make sure they're reviewing their coverages of their insurance
or their taxes or how they're drawing their Social Security.
This is what you do with all clients at all times.
Speaker 2 (30:24):
This is what it started years ago when I got
into the business, and then ten years ago I started
the company Haven Financier Group, and it is our model
that we really want to lead. We want to be
a partner that people can rely on in any of
these areas and if you're listening, you go, wow, that's
a lot of services you guys, must be really expensive. No, again,
(30:45):
nothing's free. But transparency is so important. Every single week
I talked to folks and I asked them simply, what
are you paying your guy or gal to manage your money?
And the answer eighty percent of the time is I
have no idea. Well, you should have a good idea.
You should know exactly what you're paying and what you're getting.
What value are you getting? I mentioned again, nothing's free.
(31:07):
All of our clients know exactly what they're paying and
what they're getting, which is added value. And again you
don't pay anymore to have as as your healthcare Medicare person.
There's transparency. If you work with Carrie, Carrie or Keith
on the estate planning, you will always know what you're
paying and what value you're getting. Because if we can't
(31:28):
bring a value to somebody, then then they need a
different partner. But again, that is the passion that we
have and have had now for ten years six.
Speaker 4 (31:37):
One two, five zero four eighty four hundred. That's how
you get hold of the folks that Haven Financial Group.
We invite you to give them a call. When we
come back. We're going to talk about the pitfalls of
making hasty decisions during times like government shut downs. We
recognize that that can be very unnerving these times. We
talk about unnerving times and making these you know, kind
(31:59):
of maybe rash decisions, but we will talk about some
of the things that could happen should you make those
decisions when we come back right here on the Haven
Financial Radio Show.
Speaker 1 (32:09):
Then don't go too far. We're gathering more important insights
and retirement. Please govinment the Haven Financial Group Radio Show.
We'll be right back. Stick around. You've got questions, we
got answers. Your tune to the Haven Financial Group Radio
Show with your host Larry Kolvig and Kim Karrigan. Now
(32:30):
back to the show.
Speaker 2 (32:32):
Good morning once again, and welcome to the Haven Financial
Group Radio Show.
Speaker 3 (32:36):
Thanks for listening.
Speaker 2 (32:37):
Feel free to give us a call six one two
five zero four eighty four hundred or Havenfinancial Group dot com.
Shoot us an email at infod Havenfinancial Group dot com.
Check out our calendar educational events. You're invited. Just by listening,
you're invited.
Speaker 3 (32:52):
We'd love to have you.
Speaker 2 (32:55):
Pitfalls, pitfalls of hasty decisions you know, human beings wouldn't
do that, would they.
Speaker 4 (33:00):
Kim Never, I've never made a hasty decision. I don't
know about you, Larry.
Speaker 3 (33:06):
Probably a few just this week.
Speaker 4 (33:11):
Yeah, absolutely, And you know, I mean, I think everybody understands.
We start to hear some of these headlines, they are
very scary, and you start thinking, wow, am I okay?
And that is the great part about having a partner
like Haven Financial Group, because you can call and say,
am I okay, and they're going to walk you through it.
But let's talk about what might happen if you don't
have a partner and you hear those scary headlines and
(33:34):
you start thinking, well, maybe I better do something. At
least I feel in control if I did. So, what
are some of you think the most common pitfalls are
rash decisions that people make when times are tough.
Speaker 2 (33:48):
Well, when times are tough, news news, news, news, news, Internet, Internet, Internet,
until you just drive yourself crazy, which is what some
people do. Headlines rating reacting to single news item and
or the Internet. On both sides of the out radical
left radical right. It's unbelievable because the Internet, it just
(34:09):
spreads and spreads. It's about every week it seems. I
have somebody call me and they say, Larry, have you
heard the news?
Speaker 3 (34:17):
No? What news?
Speaker 2 (34:19):
All the banks are going to be closed by Wednesday?
Really really, I wasn't aware of that. And this is
it sounds silly, but it happens almost every single week.
I'm like, what's your source of news? You have to
be careful, don't overwhelm yourself, and then it can make
it like to make bad decisions selling long term masses
(34:41):
to cover short term expenses. That's why cash plan. Cash
plan is such an important thing. To have liquid monies.
You're prepared for it, you know, you know calendar drifts,
the timeline, Well I missed I missed this R and
D age. Well now you get a penalty so missing that.
So having a partner, they can remind you of these timelines,
(35:03):
not missing premiums, not missing these deadlines. Fourth quarter, we're
doing tax discussions. We do it all year, but fourth quarter,
what is your income and do you have any room
to do IRA distributions or IRA to RATH conversions, filling
up that twelve percent tax bracket? Pay less tax now
or pay do you want to pay more later? Yeah,
(35:25):
but we're not having these tax discussions. We are having
these tax discussions to avoid unforced errors, missed opportunities because
conversations are not being had.
Speaker 4 (35:35):
Right, right, right, right, Let's talk about a quick gut
check before acting. I mean, that's what you guys do, right.
You certainly hope that some of your clients, if they
are feeling they have to make a change, they have
to make a decision quickly. You're hoping they call you
guys first. Right, let's walk through this. Let's talk about that.
Speaker 2 (35:56):
Oh, so many things going to be avoided if we
apply it. Some of these tests that I'm going to
give you right now. The time test, will this decision
that you're thinking about making look smart ninety days from now?
Speaker 3 (36:09):
If not? Slow down? The purpose test?
Speaker 2 (36:13):
Does this action align with your goals, your financial goals,
the plan that you put together related to income, healthcare legacy,
or is it just redoing your stress or anxiety today?
Speaker 3 (36:25):
Question mark? Apply the test a rule test.
Speaker 2 (36:30):
Does it fit your plan or your preset rules that
we've talked about.
Speaker 3 (36:33):
If you have a plan with us.
Speaker 2 (36:35):
Your withdrawal order where to draw from you're rebalancing your
tax thresholds. If not, why is this an exception to
the rule. Give you number four a cost test list
the tangible cost?
Speaker 3 (36:50):
Is it cause it tax realization?
Speaker 2 (36:53):
Did you do you lose interest because you cashed out
the CD early? Do you have penalties that you weren't
aware of? Surrender charge rges will cause your premiums and
Medicare to go out by making this decision versus the
benefit you expect. Just had another person in this week,
this couple. This couple, their advisor told them two years
(37:13):
ago to do a big irate of wrath conversion. Well,
I'm glad they had the conversation. What they didn't look like,
what they didn't apply it to was Medicare. Two years later,
they had too much income caused by this irate of
wrath conversion, and now they're paying Medicare premiums that are
way higher than they were supposed to.
Speaker 3 (37:33):
That's a big mistake. We want to avoid these mistakes.
Speaker 2 (37:36):
So applying these gut checked tests will help you guide you.
But you need somebody, a partner to apply these tests
because a lot of people just are not going to
do them on their own. Emotions run over and then
oh no, I made this decision.
Speaker 3 (37:51):
Be careful, you.
Speaker 4 (37:53):
Know it's it's if you've been feeling this way and
this is how you felt. You're certainly not alone, as
Larry has said, he has had many people who are
calling and it's completely understandable during these really uncertain times.
But it seems like to me, Larry, it's best if you,
number one, are not checking your accounts and you're not
(38:13):
checking everything every single day. And number two, you're sort
of like scheduling when you're going to make a decision.
I'm going to wait for you know, another week and
a half. I'm going to wait for whatever before I
really make a decision.
Speaker 3 (38:27):
Yeah.
Speaker 2 (38:27):
Time, Sometimes you just got to let time run its
course rather than making knee jerk reactions, you know, inter
date decisions on a whim. Decisions let time. But again,
somebody to guide you, somebody to help you. This is
what haven And I know there's others out theres too
that's that do a good job. There's others that don't
do a good job. Or where does a financial advisory
(38:51):
firm like us add value? We can build out the playbook,
we can build out the plan. We can whether it's
cash flow, distribution, tax investments. We can hold you accountable.
You can call us to say, well, what do you think?
And you know what I like when they call me
to say, ask me questions. Does this make sense? Does
(39:13):
this not make sense? Because oftentimes it does make sense
and oftentimes it doesn't make sense. So just having a
third party to challenge these fear based moves, trade offs,
you know, the taxes, and we just want to do
the coordination. I say it all the time, the coordination
of all these retirement topics. They should be coordinated, and
(39:34):
sometimes they're not even close to being coordinated.
Speaker 4 (39:37):
And if you have a great plan, sure there's going
to maybe need to be some adjustments along the way.
And as we've said, you need to constantly be just checking.
But if you have a great plan, Larry, you really
can sort of weather these storms like a government shutdown
almost definitely.
Speaker 2 (39:56):
A failure to plan is a plan to fail. And
a lot of people don't have a plan, and that's
a problem. You have a good plan, a comprehensive plan,
one that you monitor and you check in and you
we're constantly watching, you can weather these storms easy.
Speaker 3 (40:11):
These things.
Speaker 2 (40:12):
This isn't the first time they're happening to they've happened,
it's not gonna be the last time. It's going to happen.
So that again, be careful of the news. Don't overwhelm yourself. Yes,
an awareness and understanding is important, but just be careful
with what what you take in because yeah, anxiety is high,
fear is high. And I always say, my daughter is
(40:32):
in college at the University of Kansas.
Speaker 3 (40:34):
You had a stressful week, you know. I talked to her.
Oh I'm stressed out about this. I'm stressed. Well, hold
on a minute, Faith not fear. Faith not fear.
Speaker 2 (40:42):
You got to have faith in something otherwise you're going
to drive yourself crazy.
Speaker 4 (40:46):
Yeah. Absolutely, take a deep breath here. It's going to
be okay for sure. Yeah. So I think the takeaways today, Larry,
really are that it's so important to be prepared when
it comes to putting your plan together for all these
bumps in the road. And sometimes they're going to present
themselves like a government shutdown, maybe they're going to be inflation,
(41:06):
maybe they're going to be something personal in your life,
but they're going to happen.
Speaker 2 (41:10):
They are going to happen. Retirement is similar. It hasn't changed.
You know, I've done this a very long time, and
you know, at the end of the day, do you
have all the puzzle pieces? When I say all the
puzzle pieces, yes, we do have them all in house
at Haven. But you know, assessing that investment risk stress
test the portfolio. Most people don't have any idea how
much risk they have until something bad with the market happens.
(41:33):
You know, how do you manage these? How do you rebalance?
You know, social Security in tax when's a good time
to take it. I had a couple in this week.
He was bound and determined he was going to turn
Social Security on at sixty two. Well, our job isn't
to steer any direction. But he left our office going wow,
if I would have made that decision, that would have
been a really bad decision. So we helped in that process.
(41:53):
Lance taxes, I've never seen a CPA that likes to
make sure Uncle Sam doesn't get any more than they deserve.
Carrie and Keith are estate planning attorneys.
Speaker 3 (42:03):
We're going to be too.
Speaker 2 (42:04):
Actually, we have another class coming up, Wills, trust and
Legacy planning. A great class. It's going to be in Lakeville.
Long term care and life insurance. Who wants to talk
about that stuff? Well, it's important. And Glennon Isabelle at
the office. Do that I mentioned it's annual enrollment for Medicare.
Shop it out because your plan might not even exist
(42:25):
and you want to make sure you don't miss timelines
that can prove very costly sound overwhelming. It doesn't have
to be have a good partner that you can lean
on that there's no quota as to how many times
you can come in and at Haven Financial Group, that
is our mission and our goal to provide the best
service we possibly can.
Speaker 4 (42:46):
Six one two five zero four eighty four hundred. That's
how you get hold of the folks at Haven Financial Group.
Let me give you the number again. It's six one
two five zero four eight four zero zero and don't
forget to check the website Haven Financial Group dot com. Larry,
thank you, thank you, Kem.
Speaker 3 (43:03):
We'll see you next week.
Speaker 4 (43:05):
Investment advisory service is offered through Guardian Well Strategies LLC.
Speaker 3 (43:09):
Haven Financial Group and Guardian Well Strategies LLC are not
affiliated companies and investments involve risk, and, unless otherwise stated,
are not guaranteed.
Speaker 2 (43:18):
Please consult with the qualified financial advisor and or tax
professional before implementing any strategy discussed herein and comments regarding
as safe and secure investments and guaranteed income streams only
refer to fixed insurance products.
Speaker 1 (43:30):
They do not refer in any way to securities or
investment advisory products. Fixed insurance and annuity product guarantees are
subject to the claims paying ability of the issuing company.
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The full nines are always
(00:43):
open at six point two five four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:55):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kalviig, found and CEO of the Haven Financial Group.
Speaker 3 (01:01):
Thanks for listening this morning.
Speaker 2 (01:03):
Feel free to give us a call at six one
two five zero four eighty four hundred or visit us
online at Havenfinancialgroup dot com. There's all kinds of retirement tools,
our calendary events, all our educational events, and we like
to do a lot of them because we think education
is important.
Speaker 3 (01:20):
Kim, good to be with you, and we're going to
talk about what else? Then? Government shutdown? How about it?
Speaker 4 (01:26):
Government shutdown? Not particularly an uplifting conversation, that is for certain,
But you know, I think it's really important for people
to understand how a government shut down affects them. We've
had a number of them through the years, some of
them lasting a lot longer than others, and this most
recent has certainly been one that has been longer than
(01:46):
anybody would like for it to be. But I think
Larry and you would agree. I'm sure that retirees you
don't need to be cognizant of what's going on, as
we all do. But really, you know, this is a
good subject for those who are in red hirement.
Speaker 2 (02:01):
Yeah, there's always there, always should be an awareness and
understanding of what's going on. But I draw the line
in the sense, to some degree, be careful with how
much news you absolutely absolutely absorb, because it can be overwhelming.
It can cause people to panic and do things that
maybe aren't so good when it comes to investments in
some of those things. But again, awareness and understanding so
(02:21):
very important.
Speaker 3 (02:22):
To you know.
Speaker 2 (02:23):
These these these shutdowns are not anything new. You mentioned
it very well. The most significant shutdown was a thirty
five day shutdown in twenty eighteen and nineteen under President Trump,
caused by a dispute over the borders, expanding borders US
of Mexico. And there's there was also a twenty one
day shutdown with Bill Clinton opposing major spending cuts in
(02:46):
the Barack Obama administration to dispute over the affordable care
So nothing new, nothing new, but it's just something else
that can you know, cause stress and stuff with the markets,
although the markets have been fantastic, but people should again
just be aware and understand how it affects them.
Speaker 4 (03:05):
Let's take a look at what we'll talk about this morning.
We're going to talk about what these are and why
they end up happening, these government shutdowns. We'll also talk
about government shutdowns and how they affect social security and medicare.
I think that's two of the most important things, certainly
when we talk about retirees and the impact could have
on them. Potential market impacts of course after government shutdowns,
(03:26):
and then finally some of the pitfalls of hasty decisions
in uncertain periods, which really goes to Larry's point. You know,
it's best, i think for everybody to sort of ride
these things out because they are cyclical. They do happen. Obviously,
as they drag along longer and longer, people maybe get
a little more concerned. But we certainly have seen them
(03:48):
happen many times, and so they are not uncommon. But
let's get started just talking about what these government shutdowns are.
You mentioned a few of them, and some of the
reasons that there was a government shutdown this time around
its healthcare and how it relates to immigration.
Speaker 2 (04:06):
Really it is government shutdowns. You know, they occur when
funding legislation required, you know, really to fund the federal
government is not inactive before the next fiscal year. They
just they can't get on the same page, and you know,
unless unless there's some continued resolution, so agencies have to
shut down. They lose authorities to spend money, is really
(04:28):
what it comes down with. And you know, there's accepted
services and there's non accepted well the accepted ones which
are in any work tied to life safety, property, that
type of thing. Those will get paid for, but the
the other ones they're not going to get paid for.
The accepted versus non accepted services, mandatory versus discretionary. You know,
(04:53):
people are worried about their social security that's going to
continue to be funded. But there are other things, other
agency operations that IT supports that are not so the
non discretionary. No parks get closed, you know, museums in DC,
a variety of things.
Speaker 3 (05:10):
There's been a lot of them.
Speaker 2 (05:11):
I think I just saw a study that pay has
been suspended for about a million workers and nine hundred
thousand workers have been furloughed.
Speaker 3 (05:18):
You know, those lives are affected. I was just with a.
Speaker 2 (05:21):
Client of mine, a new client of mine from Farmington.
He's a retired air traffic controller. Well, those folks are
still working, they're just not getting paid. So it does
affect people's lives. How long this is going to go
on for We'll have to see.
Speaker 4 (05:37):
So, Larry, how would you know, You know, typically when
they do finally come to a resolution, how do they
avoid this idea of a shutdown? You said it eloquently.
You know that they just can't get on the same page.
Right now.
Speaker 2 (05:50):
Well, the regular order, the House and Senate have to
pass something they have to reconcile and needs to be
signed off by the House, the Senate and then eventually
the President. Or what the Republicans say that they've already
included in this bill is the continuing resolution, which the
Democrats say that isn't the case, especially as it relates
(06:12):
to healthcare. So CEE ares continuing at resolutions. There are
short term extensions to keep the lights on, if you will, again,
keep everything on at prior levels while they continue to negotiate, negotiate,
or one that the Republicans have threatened, which is the
omnibus package where they bundle bills to speed the passage
when the deadlines loom. So you know, we're talking politics
(06:35):
talking get both sides get on the same page. Eventually
they will, but in the meantime there.
Speaker 3 (06:41):
Are a lot of folks.
Speaker 2 (06:42):
I think I mentioned it that there's you know, about
two million workers again that have been their pay has
been suspended, and nine hundred thousand workers that have been furloughed.
So lives are affected, you know, parks and of all
these different things.
Speaker 3 (06:58):
But it is the way it.
Speaker 4 (06:59):
Is right, you know, let's walk through though, what this
is not. This is not the debt ceiling. It's not
about that. It's not a default of treasure. It's it's
politicians not getting along or not.
Speaker 2 (07:12):
Negotiating exactly what it is. You've said it right. It's
not a debt ceiling. It's not about it's not about
paying existing obligations. Shutdowns are about authority to start and
continuing discretionary spending.
Speaker 3 (07:25):
It's all about the spending.
Speaker 2 (07:27):
One side wants to spend it on this, the other
one wants to spend it on his, so they try
to come to a happy medium. What I'll say is, though,
you know, even throughout this government shutdown, the stock market
remains high. We are setting record We've set several record
highs this month. So the good news is the market
has sustained, the economy is still strong, and it's not
(07:49):
all doom and gloom. But eventually this shutdown does have to.
Speaker 4 (07:53):
Give sure, absolutely, And as we mentioned, the longest shutdown
in history was in the first Trumpet administration thirty five days,
which is a long time. That's a long time to
ask people to go without paychecks. We're going to talk
a little bit more about how this can affect a retiree.
But right now, as we just talk about, you know,
(08:14):
workers and those who are being affected, it seems to me,
Larry one of the biggest effects on just individuals would
be the idea that if TSA workers don't get paid
and folks like that, that starts to have a real
effect on because obviously airlines are not flying the way
they normally would a regular schedules, and that becomes a
(08:35):
real issue.
Speaker 3 (08:36):
Hey, it does nobody.
Speaker 2 (08:37):
We all want to get paid for our services, and
eventually they will want to get settled. But if in
the meantime they're working for free because their pay is
being delayed, so it affects that and some other things
that it affects it. You know, the government reduces government revenue,
it reduces economic growth by disrupting major services. Just in
(08:57):
twenty thirteen there was a shutdown. I read that's the
standard and Poors said that that costs the economy about
twenty four billion dollars, which is a lot of money,
and that shaves off the growth for that particular year.
So this has after effects. This affect people's lives, but
it's not something new and it's been happening for years.
(09:19):
In fact, the dates went well back to the nineteen
eighties and then there's met there's been many shutdowns, so again, well, well,
time will.
Speaker 4 (09:27):
Tell right, absolutely well, we're talking about the government shutdown
and how it may impact retirees. So when we come back,
we're going to talk about Social Security and Medicare and
the impact that those two payments out might feel if
the shutdown would continue and win. There are shutdowns. A
quick reminder that if you hear anything this morning that
you have questions about, you'd like to speak to the
(09:48):
folks that have in Financial Group. They'd love to hear
from you. You just give them a call at six
one two five zero four eighty four hundred. That's six
one two five zero four eight four zero zero. Tell
them that you heard us here on the radio. You'd
like to come in sit down talk with the experts
there about what we're talking about this morning. Certainly talk
to them about any kind of retirement issues or any
(10:11):
kind of financial planning. That is how you get hold
of them when we come back. Social Security and Medicare.
That's on tap. This is the Haven Financial Group Radio Show.
Don't go too far.
Speaker 1 (10:21):
We're gathering more important insights and retirement ways Devin the
Haven Financial Group Radio Show. We'll be right back. Stick around.
You've got questions, We've got answers. Your tune to the
Haven Financial Group Radio Show with your host Larry Kulvig
and Kim Karagan. Now back to the show.
Speaker 3 (10:42):
Welcome back, listeners.
Speaker 2 (10:43):
My name is Larry Kolvig, founder and CEO of the
Haven Financial Group, and if you're just tuning in, you're
listening to the Haven Financial Group Radio Show where we
discuss weekly crucial retirement and financial topics, all those retirement
puzzle pieces that literally can make the difference between survive
retirement and thriving through it.
Speaker 3 (11:02):
Those golden years. We want to be as golden.
Speaker 2 (11:04):
As possible, so feel free to give us a call
at six one two five oh four eighty four hundred,
or visit us online at Hanfinancialgroup dot com or shoot
us an email at info at Havenfinancialgroup dot com. We're
all about answering retirement questions, and it never ceases to
amaze me how people have questions yet they just don't
(11:24):
get the answer. So we're all about getting the answers terrific.
Speaker 4 (11:28):
We're talking this morning about government shutdowns Obviously, we've all
been talking about government shutdown in the last you know,
almost nearly a month. Government shutdowns, they happen frequently, somewhere
a little longer than others. And as a government shutdown
drags out, Larry, it's not so much that Social Security
payments or Medicare payments are affected, meaning they don't stop,
(11:53):
but as a government shutdown drags on, the things that
swirl around those two payments may be affected, which could
ultimately affect when someone who gets those kinds of benefits
might receive them.
Speaker 3 (12:07):
Yeah, you said it.
Speaker 2 (12:08):
Well, so if you're listening and you're worried, oh my goodness,
I'm not going to get my Social Security or Medicare,
that isn't the case. Social Security monthly payments are going
to proceed because it's funded by permanent law, is automatic
systems keep running. Medicare and be coverage continues. Hospitals and
doctors can still build Medicare, so no problem there. Direct deposit,
any withholdings, anything that comes out, it's going to be.
(12:32):
It's not going to be interrupted. Existing Medicare plans remain
in force, so the pharmacists and everything to all the providers,
everything is normal.
Speaker 3 (12:43):
So don't worry there.
Speaker 2 (12:44):
However, what will be affected, and we've already seen it,
is the Social Security Administration, the field offices, the call center.
You know, there's some reduced staffing. Customer service is going
to take a plunge. Longer wait times, which I can
there could be longer wait times because if anybody's called
the so Sociecurity Administration, I hope you're a good multitasker,
(13:07):
because be prepared for a long wait and then maybe
when you do get somebody, it's doubtful they're going to
know the answers, but there's definitely field interruptions MM.
Speaker 4 (13:19):
So again, you're gonna get your check, you'll get your payments,
but they could be a little bit slower.
Speaker 2 (13:26):
You know.
Speaker 4 (13:26):
One of the things, though, I guess that would be
pretty dramatically affected, would be if this is the time
that you had intended to enroll.
Speaker 2 (13:33):
Oh yeah, and by the way, it is open enrollment,
annual enrollment. Isabella and Glenn A at the office here.
Plans have changed drastically. Insurance companies have canceled different things,
and if you're listening, December seventh is coming quickly.
Speaker 3 (13:47):
That's the deadline.
Speaker 2 (13:49):
Please again, get a partner that's helping you navigate through
healthcare because it could be very it's tough to navigate,
you know, for especially one of my clients last week.
How can even if I have a problem understanding it,
how can somebody seventy or eighty understand it? So we're
here to help in that area. But other things to
(14:11):
be prepared with the government shutdown is, you know, if
you have new claims appeals, any disability hearings, there's going
to be processing delays. If you needed a replacement document
or a replacement a Social Security card or something, it's
probably gonna take a long time. And then another one
is the CMS, the centers for Medicare and Medicaid services.
(14:33):
There again they're slower timelines. It's harder to believe that
it could be any slower than it was before, but
we're witnessing it.
Speaker 3 (14:41):
This week. We heard many interruptions and delays, if you will.
Speaker 4 (14:45):
Sure, I guess the thing that people are the most
concerned about obviously, though, is their cash flow. And I
would imagine you have some advice for people just in general,
because we don't know these interruptions might come about.
Speaker 2 (15:03):
It's why we teach cash flow financial planning. It's why
it's part of our process to make sure that the
retirees or those planning have a good, good liquidity so
they can handle this these times like this good liquidity,
I've mentioned it many times. We like to see for
retired middle sixty seventy fifty to one hundred grand liquid
(15:25):
and most people don't have ten to fifteen. You want
to have stock market investments, you want to have protected investments,
a good balanced portfolio, because we want that emergency fund
in case you have some out of pocket costs or
some delayed reimburse reimbursements for those flexible or savings accounts
or health savings account If you're starting social Security soon
(15:48):
and you know, we teach a lot of classes on
social security and tax If you're applying, you better allow
some extra lead time. Maybe you're going to have to
bridge the gap with income. You better have some liquidity
rather again the liquidity portions so you're not selling stocks
or something of that nature when the markets are going down,
and you know, you might want to confirm the automatic
(16:09):
payments for medical Part B MEDA gap medical assistance or
Part deed to prevent these lapses. Dis government shutdown does
take a toll. The longer it goes on, the more
we're going to feel it.
Speaker 4 (16:26):
Yeah, you know, Larry, going back to this being enrollment
time for Medicare, If you decide that you are going
to change the company that you're with and you make
that change, do you think there might be delays in
that coverage or will you be taken care of.
Speaker 3 (16:44):
I believe you'll be taken care of. I certainly do
you know?
Speaker 2 (16:48):
Even this week, this week and actually a few times,
the Social Security portal has gone down. We've had clients,
We've had clients come in and we've not been able
to help because the portal was down. Some say that
might have been some sort of hacking or the Chinese
or something. I really don't know, but at the end
(17:08):
of the day, there's going to be a delay. There
are special situations like IRMA appeals if you need some
extra help, Any of the extra customer service that you're
looking that you would expect is probably going to be
a little more difficult. It will be more difficult to
achieve than before.
Speaker 4 (17:30):
So talking about this gives us an opportunity to sort
of branch away from government shutdown and talk a little
bit more about Haven Financial Group and you mentioned it briefly,
but let's talk a little bit about some of these classes,
educational classes that you guys teach. And I know that
two of the areas are social security and medicare, So
(17:51):
talk a little bit about maybe what's coming up as
the year kind of draws to a close, how people
can find out about those and what they can expect
when they go.
Speaker 2 (18:00):
Financialgroup dot com is a great place to start. I mean,
it's a great website. It has all the calendar of
the events. And when I say that, we do a
lot of community education and at the local libraries, at
some of the colleges around here, community centers. Not in addition,
we teach some investment classes. We teach as you mentioned,
(18:20):
medicare maide simple because it's not simple, it's very complicated,
as well as some insurance classes. Everything geared towards retirement planning,
not because it's so exciting, but it's how we learn
and just when you figure things out, things change. You know,
there's important timelines that go with retirement that you and
I have talked before, like right now, the annual open enrollment,
(18:44):
special enrollment other times, and as to when you take
social Security, And it's why retirement financial planning it's different
than just putting money in your four O one K.
You have all those accumulation years, great, but when you
can get to retirement, now you're turning on Social Security.
Now you're accessing those retirement accounts that you've been building
(19:07):
all those years.
Speaker 3 (19:08):
It is a different season of life.
Speaker 2 (19:10):
And I had somebody said, really, well this past week,
and it's been said before, our guy, our gal has
got us to where we're at, but we're not confident
that they can get us to where we need to
go in retirement. Oftentimes I hear people say, well, I
ask our guy or gal who does our investments about
social Security?
Speaker 3 (19:29):
They have no idea.
Speaker 2 (19:31):
And Social Security is the biggest income stream for retired Americans.
So it's really understanding all the ins and outs, putting
all the retirement puzzle pieces together to make sure that
everything is coordinated, really working together rather than working in
different definite in different directions. And thank goodness, ten years later,
because it's our ten year anniversary, we have our state
(19:52):
planning attorneys. We have Lance and Molissa, our CPAs, we
have the investment team of twelve and all the other
ass specs of retirement and we can help in all
these areas or we're not an all or nothing company,
we can help in one or two. We're here again
and to assist and be a partner in these areas.
Speaker 4 (20:12):
So these educational seminars you can find the dates and
the locations at Havenfinancialgroup dot com. They are open to
the public. You don't have to be a client of
Haven Financial Group, but if you are a client, you're listening,
maybe you've got some questions or you'd like to get
updated on open enrollment or insurance issues. It's a great
(20:35):
place to go and certainly that they would love to
see you there. So again it's Havenfinancialgroup dot com and
I think we mentioned it, but they are free, but
they would like to have a headcount because they do
feel very very quickly. And if you have any questions
or you'd like to go in and meet with the
folks at Haven Financial Group one on one call six
(20:56):
one two five zero four eight four zero zero. All right,
we're talking about government shutdowns. What are they, how frequently
do they happen to happen and what kind of impact
might they have on your retirement planning or if you're
in retirement. Coming up next, we're going to talk about
the potential market impact and of course how that would
affect you and your investments. This is the Haven Financial
(21:19):
Group Radio Show.
Speaker 1 (21:20):
Ready to find your financial safe haven. Your dream retirement
is in reach. Don't go away, The Haven Financial Group
Radio Show will be right back. Are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Lari Kolvig is back and ready to
help you find your financial safe haven.
Speaker 2 (21:43):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. We appreciate you listening this morning where
we're talking about all kinds of things related to retirement,
the government shutdown, and uh feel free to give us
a call six one two five O four eighty four
hundred or Havenfinancialgroup dot com. Last segment, we mentioned the
various educational classes and I also wanted to point out
(22:05):
we have our new education center here on site at
our office and we're really utilizing it some just kind
of different types of classes.
Speaker 3 (22:14):
Last Friday, we had.
Speaker 2 (22:15):
A women wisdom and Wine hour and a half class.
Speaker 3 (22:20):
It was full.
Speaker 2 (22:21):
We have waiting lists for these. It was about a
state planning and peace of mind. For women and we'll
have that again. And our CPA Lance, the Big Beautiful Bill.
We had two classes of that and we could have
probably did five classes because there was a waiting list.
And I think I mentioned last week we had the
local police department to a senior fraud prevention. We had
(22:43):
two classes. We probably could have filled six classes. So
we are teaching. We are going to have that again
in November. So go to our site. The public's welcome,
our clients are welcome, friends, neighbors, family. We really are
strong in the education piece, and guess what, because of that,
we're able to help a lot of people because education
(23:05):
and information is really what people are seeking.
Speaker 4 (23:09):
I love these interactive classes that you're having too there
in the facility at the offices. I think they're really terrific,
really great ideas.
Speaker 2 (23:17):
Now and came, I'll say this, we like to have,
you know, classes, and it sounds stuffy and it sounds boring.
We like to have fun with topics that aren't necessarily
so fun. So if you're thinking that this is a
sit down stuffy, it's interactive and we like to have
fun with these topics.
Speaker 4 (23:35):
Yeah, no test at the end.
Speaker 2 (23:36):
Right, absolutely not. I didn't like tests, and I don't
expect you to like tests either.
Speaker 4 (23:43):
Let's talk about the markets and how they sometimes can
be affected by government shutdowns. This last government shutdown that
we've been experiencing, the market's still held pretty strong. There
have been times when the market has dipped as a result.
I think a lot of time times the market sees
it and it's built in. You sort of can see
(24:05):
it coming, you know, and that that might prevent some
you know, dropping off the face of the earth. But
let's talk about some of the ways a government shutdown
could affect the market. Starting with data blackouts. That can
be an issue.
Speaker 2 (24:20):
Yeah, you know, it's all about data data, data data,
and the Bureau of Labors and Statistics Report and other
releases GDP. They're suspended, so leaving the Fed and investors
with you know, fewer signals of what's what's coming, and
that can oftentimes leave itself lead itself to volunteer volatility
and rumors and surprises. But as I mentioned, the markets
(24:40):
have been very, very strong and at the end of
the day, well, for example, cost of living adjustment is
usually announced every October hasn't come out yet because government
shut down. So as soon as they get back to work,
I expect that that will be announced. So what it
lends itself too is you know, a lot of noise,
(25:02):
a lot of news speculation, and that causes people to worry,
which is why at all times, whether it's a government
shutdown or everything's going smoothly, it's to have a comprehensive
retirement plan, stress tests that portfolio to make sure you
have a good balance because sequence of returns risk is
(25:23):
so real and if you're not prepared for it and
you need cash and the market drops, now you're going
to start pulling from these accounts that you don't want
to start pulling from. So again, have a plan and
income distribution tax, they all go together.
Speaker 3 (25:39):
Have a plan.
Speaker 2 (25:39):
Make sure whoever you're working with or if you're doing
it yourself, you're rebalancing appropriately rather than making knee jerk
reactions or big rapid shifts and allocation when you shouldn't
be doing anything different and you should be holding the course.
And that's why having a partner, which is also almost
a counselor to walk you through and talk you through
(26:02):
these things. Because you came up with a plan, let's
stick to the plan and not jump all over the place,
which unfortunately a lot of people do.
Speaker 4 (26:11):
You know, one of the things we talk about a lot,
and I know that you guys are really you know,
don't feel strongly about their haveven financial group. That's the
diversification when it comes to your portfolio, and a government
shutdown could be a perfect example of why it's so
important because you know, as we've said this this past
(26:32):
government shutdown, the market's been pretty strong, but sometimes it's
choppy and if you're not diversified, you could really get hit. O.
Speaker 2 (26:40):
Diversification and efficiency in the portfolio is so very very important,
and it's what a lot of people lack. It's you know,
all the hole moudo investing bilo and sell high. Then
why do a lot of a high percentage of investors
do the opposite because they don't have a comprehend it's
a clearly defined strategy for what's going on because you know,
really it's a it's all about a discipline.
Speaker 3 (27:01):
You know, I talk about this for years.
Speaker 2 (27:03):
Those that have succeeded in planning for retirement have have
heated to a discipline for a long period of time,
a saving strategy and really sticking to it.
Speaker 3 (27:15):
You know time.
Speaker 2 (27:15):
You know, you've got to be aware of you know,
what type of assets to have and the right types
of accounts. Again, you don't want to be making the
wrong decisions within the accounts and then realizing taxes that
you could have avoided and other things as well. You know,
timing penalties, delays in checks processing rarely stop benefits. But again,
(27:39):
the cash flow projections, we sit down, the team sits down,
and we have several certified potential planners on the team
mapping out where to draw off of it at the
right time and really maintaining that discipline, rebalancing when you're
supposed to and reviewing this. You know, this isn't they
just set it and leave it. I've said many times
(28:00):
times on the show, retirement is more than a meeting
once a year for forty five minutes to an hour.
It should be several meetings regarding all these retirement topics,
and all of these should be discussed. I'll walk the
listeners through our process if you will. If you come in,
we're going to have a detailed conversation. We're going to
(28:20):
take a lot of notes. I call it the discovery
meeting your goals aspirations, where you're at with things. And
that's not a twenty minute meeting. It could be an hour,
it could be two hours. It's whatever we make of
it from there. If you decide to come back in
for a strategy session, we'll come up with some suggestions,
some recommendations, not because we're just signed trying to poke
(28:40):
holes in what you're doing, but we're trying to fine
tune and give you an understanding of why you're doing
what you're doing, so you have an idea of when
these bad times or these tough times happen. We have
a plan, and then we'll have an implementation phase or
a meeting where we implement the process and what we
talked about. And then it's monitoring and adjusting. Life happens.
(29:03):
Life's calendar doesn't cooperate with our calendar. Adjustments need to
be made. Health comes into play. Life happens, and it
happens quickly. You got to adapt. And that I just
walked listeners through our proprietary process and the relationships. Obviously,
we're looking to cultivate long term relationships, and we mean that.
Most of our clients are eyeballs and handshakes, let's get together.
(29:27):
I get this often well, how often can we get together?
How often do you want to get together? And it's
not just with me or the investment team, but it's
I bring Lance or CPA, the estate planning attorney. We're
a team and you when you work with us, you
truly get the team. You don't get a one man shot.
Speaker 4 (29:46):
Well, I think what's really interesting is that we this
day on this show have decided that we were going
to use government shut down as the backdrop for the discussions.
And that's obviously because there have been you know, this
has been an issue and people have been talking about it.
But what you just went through, Larry, is what you
do for every client, whether there's a government shutdown or not.
(30:08):
You check their cash flow, You make sure that they're rebalancing.
You make sure they're reviewing their coverages of their insurance
or their taxes or how they're drawing their Social Security.
This is what you do with all clients at all times.
Speaker 2 (30:24):
This is what it started years ago when I got
into the business, and then ten years ago I started
the company Haven Financier Group, and it is our model
that we really want to lead. We want to be
a partner that people can rely on in any of
these areas and if you're listening, you go, wow, that's
a lot of services you guys, must be really expensive. No, again,
(30:45):
nothing's free. But transparency is so important. Every single week
I talked to folks and I asked them simply, what
are you paying your guy or gal to manage your money?
And the answer eighty percent of the time is I
have no idea. Well, you should have a good idea.
You should know exactly what you're paying and what you're getting.
What value are you getting? I mentioned again, nothing's free.
(31:07):
All of our clients know exactly what they're paying and
what they're getting, which is added value. And again you
don't pay anymore to have as as your healthcare Medicare person.
There's transparency. If you work with Carrie, Carrie or Keith
on the estate planning, you will always know what you're
paying and what value you're getting. Because if we can't
(31:28):
bring a value to somebody, then then they need a
different partner. But again, that is the passion that we
have and have had now for ten years six.
Speaker 4 (31:37):
One two, five zero four eighty four hundred. That's how
you get hold of the folks that Haven Financial Group.
We invite you to give them a call. When we
come back. We're going to talk about the pitfalls of
making hasty decisions during times like government shut downs. We
recognize that that can be very unnerving these times. We
talk about unnerving times and making these you know, kind
(31:59):
of maybe rash decisions, but we will talk about some
of the things that could happen should you make those
decisions when we come back right here on the Haven
Financial Radio Show.
Speaker 1 (32:09):
Then don't go too far. We're gathering more important insights
and retirement. Please govinment the Haven Financial Group Radio Show.
We'll be right back. Stick around. You've got questions, we
got answers. Your tune to the Haven Financial Group Radio
Show with your host Larry Kolvig and Kim Karrigan. Now
(32:30):
back to the show.
Speaker 2 (32:32):
Good morning once again, and welcome to the Haven Financial
Group Radio Show.
Speaker 3 (32:36):
Thanks for listening.
Speaker 2 (32:37):
Feel free to give us a call six one two
five zero four eighty four hundred or Havenfinancial Group dot com.
Shoot us an email at infod Havenfinancial Group dot com.
Check out our calendar educational events. You're invited. Just by listening,
you're invited.
Speaker 3 (32:52):
We'd love to have you.
Speaker 2 (32:55):
Pitfalls, pitfalls of hasty decisions you know, human beings wouldn't
do that, would they.
Speaker 4 (33:00):
Kim Never, I've never made a hasty decision. I don't
know about you, Larry.
Speaker 3 (33:06):
Probably a few just this week.
Speaker 4 (33:11):
Yeah, absolutely, And you know, I mean, I think everybody understands.
We start to hear some of these headlines, they are
very scary, and you start thinking, wow, am I okay?
And that is the great part about having a partner
like Haven Financial Group, because you can call and say,
am I okay, and they're going to walk you through it.
But let's talk about what might happen if you don't
have a partner and you hear those scary headlines and
(33:34):
you start thinking, well, maybe I better do something. At
least I feel in control if I did. So, what
are some of you think the most common pitfalls are
rash decisions that people make when times are tough.
Speaker 2 (33:48):
Well, when times are tough, news news, news, news, news, Internet, Internet, Internet,
until you just drive yourself crazy, which is what some
people do. Headlines rating reacting to single news item and
or the Internet. On both sides of the out radical
left radical right. It's unbelievable because the Internet, it just
(34:09):
spreads and spreads. It's about every week it seems. I
have somebody call me and they say, Larry, have you
heard the news?
Speaker 3 (34:17):
No? What news?
Speaker 2 (34:19):
All the banks are going to be closed by Wednesday?
Really really, I wasn't aware of that. And this is
it sounds silly, but it happens almost every single week.
I'm like, what's your source of news? You have to
be careful, don't overwhelm yourself, and then it can make
it like to make bad decisions selling long term masses
(34:41):
to cover short term expenses. That's why cash plan. Cash
plan is such an important thing. To have liquid monies.
You're prepared for it, you know, you know calendar drifts,
the timeline, Well I missed I missed this R and
D age. Well now you get a penalty so missing that.
So having a partner, they can remind you of these timelines,
(35:03):
not missing premiums, not missing these deadlines. Fourth quarter, we're
doing tax discussions. We do it all year, but fourth quarter,
what is your income and do you have any room
to do IRA distributions or IRA to RATH conversions, filling
up that twelve percent tax bracket? Pay less tax now
or pay do you want to pay more later? Yeah,
(35:25):
but we're not having these tax discussions. We are having
these tax discussions to avoid unforced errors, missed opportunities because
conversations are not being had.
Speaker 4 (35:35):
Right, right, right, right, Let's talk about a quick gut
check before acting. I mean, that's what you guys do, right.
You certainly hope that some of your clients, if they
are feeling they have to make a change, they have
to make a decision quickly. You're hoping they call you
guys first. Right, let's walk through this. Let's talk about that.
Speaker 2 (35:56):
Oh, so many things going to be avoided if we
apply it. Some of these tests that I'm going to
give you right now. The time test, will this decision
that you're thinking about making look smart ninety days from now?
Speaker 3 (36:09):
If not? Slow down? The purpose test?
Speaker 2 (36:13):
Does this action align with your goals, your financial goals,
the plan that you put together related to income, healthcare legacy,
or is it just redoing your stress or anxiety today?
Speaker 3 (36:25):
Question mark? Apply the test a rule test.
Speaker 2 (36:30):
Does it fit your plan or your preset rules that
we've talked about.
Speaker 3 (36:33):
If you have a plan with us.
Speaker 2 (36:35):
Your withdrawal order where to draw from you're rebalancing your
tax thresholds. If not, why is this an exception to
the rule. Give you number four a cost test list
the tangible cost?
Speaker 3 (36:50):
Is it cause it tax realization?
Speaker 2 (36:53):
Did you do you lose interest because you cashed out
the CD early? Do you have penalties that you weren't
aware of? Surrender charge rges will cause your premiums and
Medicare to go out by making this decision versus the
benefit you expect. Just had another person in this week,
this couple. This couple, their advisor told them two years
(37:13):
ago to do a big irate of wrath conversion. Well,
I'm glad they had the conversation. What they didn't look like,
what they didn't apply it to was Medicare. Two years later,
they had too much income caused by this irate of
wrath conversion, and now they're paying Medicare premiums that are
way higher than they were supposed to.
Speaker 3 (37:33):
That's a big mistake. We want to avoid these mistakes.
Speaker 2 (37:36):
So applying these gut checked tests will help you guide you.
But you need somebody, a partner to apply these tests
because a lot of people just are not going to
do them on their own. Emotions run over and then
oh no, I made this decision.
Speaker 3 (37:51):
Be careful, you.
Speaker 4 (37:53):
Know it's it's if you've been feeling this way and
this is how you felt. You're certainly not alone, as
Larry has said, he has had many people who are
calling and it's completely understandable during these really uncertain times.
But it seems like to me, Larry, it's best if you,
number one, are not checking your accounts and you're not
(38:13):
checking everything every single day. And number two, you're sort
of like scheduling when you're going to make a decision.
I'm going to wait for you know, another week and
a half. I'm going to wait for whatever before I
really make a decision.
Speaker 3 (38:27):
Yeah.
Speaker 2 (38:27):
Time, Sometimes you just got to let time run its
course rather than making knee jerk reactions, you know, inter
date decisions on a whim. Decisions let time. But again,
somebody to guide you, somebody to help you. This is
what haven And I know there's others out theres too
that's that do a good job. There's others that don't
do a good job. Or where does a financial advisory
(38:51):
firm like us add value? We can build out the playbook,
we can build out the plan. We can whether it's
cash flow, distribution, tax investments. We can hold you accountable.
You can call us to say, well, what do you think?
And you know what I like when they call me
to say, ask me questions. Does this make sense? Does
(39:13):
this not make sense? Because oftentimes it does make sense
and oftentimes it doesn't make sense. So just having a
third party to challenge these fear based moves, trade offs,
you know, the taxes, and we just want to do
the coordination. I say it all the time, the coordination
of all these retirement topics. They should be coordinated, and
(39:34):
sometimes they're not even close to being coordinated.
Speaker 4 (39:37):
And if you have a great plan, sure there's going
to maybe need to be some adjustments along the way.
And as we've said, you need to constantly be just checking.
But if you have a great plan, Larry, you really
can sort of weather these storms like a government shutdown
almost definitely.
Speaker 2 (39:56):
A failure to plan is a plan to fail. And
a lot of people don't have a plan, and that's
a problem. You have a good plan, a comprehensive plan,
one that you monitor and you check in and you
we're constantly watching, you can weather these storms easy.
Speaker 3 (40:11):
These things.
Speaker 2 (40:12):
This isn't the first time they're happening to they've happened,
it's not gonna be the last time. It's going to happen.
So that again, be careful of the news. Don't overwhelm yourself. Yes,
an awareness and understanding is important, but just be careful
with what what you take in because yeah, anxiety is high,
fear is high. And I always say, my daughter is
(40:32):
in college at the University of Kansas.
Speaker 3 (40:34):
You had a stressful week, you know. I talked to her.
Oh I'm stressed out about this. I'm stressed. Well, hold
on a minute, Faith not fear. Faith not fear.
Speaker 2 (40:42):
You got to have faith in something otherwise you're going
to drive yourself crazy.
Speaker 4 (40:46):
Yeah. Absolutely, take a deep breath here. It's going to
be okay for sure. Yeah. So I think the takeaways today, Larry,
really are that it's so important to be prepared when
it comes to putting your plan together for all these
bumps in the road. And sometimes they're going to present
themselves like a government shutdown, maybe they're going to be inflation,
(41:06):
maybe they're going to be something personal in your life,
but they're going to happen.
Speaker 2 (41:10):
They are going to happen. Retirement is similar. It hasn't changed.
You know, I've done this a very long time, and
you know, at the end of the day, do you
have all the puzzle pieces? When I say all the
puzzle pieces, yes, we do have them all in house
at Haven. But you know, assessing that investment risk stress
test the portfolio. Most people don't have any idea how
much risk they have until something bad with the market happens.
(41:33):
You know, how do you manage these? How do you rebalance?
You know, social Security in tax when's a good time
to take it. I had a couple in this week.
He was bound and determined he was going to turn
Social Security on at sixty two. Well, our job isn't
to steer any direction. But he left our office going wow,
if I would have made that decision, that would have
been a really bad decision. So we helped in that process.
(41:53):
Lance taxes, I've never seen a CPA that likes to
make sure Uncle Sam doesn't get any more than they deserve.
Carrie and Keith are estate planning attorneys.
Speaker 3 (42:03):
We're going to be too.
Speaker 2 (42:04):
Actually, we have another class coming up, Wills, trust and
Legacy planning. A great class. It's going to be in Lakeville.
Long term care and life insurance. Who wants to talk
about that stuff? Well, it's important. And Glennon Isabelle at
the office. Do that I mentioned it's annual enrollment for Medicare.
Shop it out because your plan might not even exist
(42:25):
and you want to make sure you don't miss timelines
that can prove very costly sound overwhelming. It doesn't have
to be have a good partner that you can lean
on that there's no quota as to how many times
you can come in and at Haven Financial Group, that
is our mission and our goal to provide the best
service we possibly can.
Speaker 4 (42:46):
Six one two five zero four eighty four hundred. That's
how you get hold of the folks at Haven Financial Group.
Let me give you the number again. It's six one
two five zero four eight four zero zero and don't
forget to check the website Haven Financial Group dot com. Larry,
thank you, thank you, Kem.
Speaker 3 (43:03):
We'll see you next week.
Speaker 4 (43:05):
Investment advisory service is offered through Guardian Well Strategies LLC.
Speaker 3 (43:09):
Haven Financial Group and Guardian Well Strategies LLC are not
affiliated companies and investments involve risk, and, unless otherwise stated,
are not guaranteed.
Speaker 2 (43:18):
Please consult with the qualified financial advisor and or tax
professional before implementing any strategy discussed herein and comments regarding
as safe and secure investments and guaranteed income streams only
refer to fixed insurance products.
Speaker 1 (43:30):
They do not refer in any way to securities or
investment advisory products. Fixed insurance and annuity product guarantees are
subject to the claims paying ability of the issuing company.
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