Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Thirteen ten doll ui b A and ask the experts
with Wisconsin Capital Management online whizcap dot com. That's wiscap
dot com. Speaking of the website, if you have a question,
you can always get one submitted right online. If you
head on over to whizcap dot com, whether you're on
your phone or your computer, you can actually submit a
(00:23):
question for the guys online. You can also schedule a
no pressure conversation. Just click that schedule of consultation bubble
right on the website whizcap dot com. Really easy to do.
I really hope you get a chance to do that
today again, even if it's something as simple as, Hey,
I heard you guys talking about something I was curious
to get more information. Guys would love to help you out.
They are a fantastic resource. Speaking of the guys, we've
(00:45):
got Tom Plumb and Nathan Plumb. Tom is a chartered
Financial Analyst. Nathan is a Certified Trust Financial Advisor with
an executive MBA. Both comes to us from Wisconsin Capital Management. Tom,
how you doing this morning?
Speaker 2 (00:57):
Doing just great, Sean, It's a beautiful in Wisconsin and
hoping that the fall continues to show great color and
great coniment.
Speaker 1 (01:07):
Yeah, it's been. It's been comfortable for fall. We're not
I don't think we can complain much. And Nathan, great weather.
It's funny. Over the weekend my son was playing in
a soccer tournament. I know you're a big you're a
big soccer guy. This is good soccer weather, isn't it.
Speaker 3 (01:22):
That's absolutely perfect. You could run all day, no matter
if it's soccer or just running or jogging or just
walking around the block. It is.
Speaker 1 (01:30):
It is perfect weather for all that. And we've got
you know, speaking of kind of getting out and doing things.
And one of the things I like to do is
I'll get out and I got a little grabb or
stick and I'll do a little clean up around town
here and taking care of things and making things look
better and work better. We're gonna be talking this week
about cleaning up those old four to oh one k's
And they could be quite a problem, can't they. Nathan.
Speaker 3 (01:54):
Yeah, it's something that actually surprisingly comes up as an
issue when we work with people. So a lot of people,
you know, when they start their careers, they have different jobs.
They you know, take four or five jobs before they
actually end up being kind of selling and working somewhere
for a while, and you know they kind of forget
(02:15):
that they have these old four one k's somewhere. It's
like it's a part of my distant pass. It's kind
of a to them. It's leisurely, a deminous, dominious amount
of money, and you know they just kind of you know,
out of sight, out of mind. Causes a little bit
of stress, but they're like, well, I really don't know
how to deal with it, and it just nothing happens.
Speaker 1 (02:35):
What's interesting about that, Nathan too, is you know you
think about people say, well, what's the harm in it?
There's there's quite a bit that that folks may be overlooking. Again,
it doesn't have to even be a substantial amount of money.
If it's not being properly managed or taken care of,
it can actually get get a bit. Not only can
you lose, but there's some costs there as well, isn't there?
Speaker 3 (02:55):
Oh? Absolutely, So you know you could have it kind
of poorly invested. So this is a retirement account. So
some people have it in cash or these stable value funds,
and that's really inappropriate for some investing in the retirement
probably no matter what age you are. But the real
shocker that we find is either people have don't put
(03:17):
beneficiaries on account. And just to back up, so when
you open up a retirement account, you get to when
you get to name your beneficiary. So when you pass away,
the money goes directly to the people that you have named.
It supersedes a will or anything else that you have.
And you know, probably one out of ten, you know,
people that we come across looking this stuff, they often
(03:40):
find that, oops, I have an ex spouse on there,
which a is one they didn't know about. Two probably
the current spouse wouldn't be very happy about. And you know,
it just it's just like, okay, let's let's get this uh,
let's get this house in order and get this straightened
up for you.
Speaker 1 (03:57):
And Tom, that's not that's not all that rare, is it.
Speaker 2 (04:01):
No, it certainly isn't. And Sean, you know, it's not
just retirement accounts. But as Nate was pointing out, when
you designate a beneficiary, that's the pre determined who's going
to receive that. Your will, your trust, anything else you've
done does not supersede that beneficiary designation. So it's very
(04:24):
important that they're reviewed periodically, make sure that they're in
line with what your goals are and with your other
documents that you might have for your state.
Speaker 1 (04:34):
Blend m I right and understanding. It even supersedes your will.
Speaker 2 (04:38):
Definitely, it supersedes your will. Your will may say I
want my retirement assets all to go to my spouse
or my children, but if a different beneficiary is named,
that beneficiary just shows the death certificate and it becomes
their assets.
Speaker 1 (04:58):
Wow. We talk about the opportunity to start that conversation
at wiscap dot com that's Wi s c ap dot com.
This is definitely one you may have questions about. Definitely
one you're going to want to look into. Great data,
set up that appointment, start that conversation schedule at right online.
Just head over to whiz cap dot com. That's Wi
s c ap dot com. Talking this morning with Nathan
(05:20):
and Tom Plumb of Wisconsin Capital Management and Nathan something
called the Marie Condo Show, something you're familiar with. Let's
talk a little bit about that show. And uh, they're
the analogy there that folks need to be aware of.
Speaker 3 (05:34):
Yeah, it's fall now and I was out like raking
Lee's and just doing some you know, fall maintenance stuff.
That everyone does this Tommy Year, and uh, I was
kind of reminded of a TV show that was really
popular during the pandemic. It was called The Maria Condo Show.
So in the show, this Japanese lady goes into people's
(05:57):
homes and essentially goes through all the things with them,
really kind of gets through that initial inertia because they
just look at it and it's so cluttering that people
don't even know where to start. And she goes through
each item with them and it gives them an assignment,
says to each thing, does this spark joy? If it
doesn't spark joy, they say, get rid of it. So
(06:18):
back when this premiered in twenty nineteen in Netflix, there
was something called THEO Maria Condo Effect where all there's
this huge surge to donations to thrift stores in the
San Francisco area after the initial show came out. So,
and I believe it's still going on now. In some
other it's like Rio Tidying Up with Rio Condo or
(06:40):
something like that, but that's a Netflix show, so you know,
it just there's something really, it does something psychologically when
you have things kind of in order. And so I
feel that is a good, good analogy for cleaning up
these old for old four a one case, that's.
Speaker 1 (06:57):
A really good one. As soon as you start talking
about it, said, I do remember watching that show. I
think a lot of folks this morning are nodding along
on the radio, going, I know exactly what Nathan is
talking about this morning, talking with Nathan and Tom Plum
of Wisconsin Capital Management Online whizcap dot com. That's wiz
w I s c AP dot com, whizcap dot com.
And Tom, you think about decluttering and kind of simplifying things,
(07:21):
It's like a big weight lifted off folk shoulder, isn't it, Tom.
Speaker 2 (07:25):
Yeah, it does remind me of a story about having
a book about decluttering and uh, if something doesn't bring
you joy, to get rid of it. And I had
that book and so I threw that book out.
Speaker 1 (07:41):
State. That simplifies things as well. I always use with
with my son. I always have to remind him that
you know, and and and Nate, when you were talking
about talking about kind of almost feeling overwhelmed. I always
tell my son about about things like projects and other
things that got to take care of. I always tell
them some motivation doesn't come at the beginning. Motivation comes
after you start, and sometimes just taking that first step.
(08:03):
And as we talk about old four to oh one
case this morning, taking that first step, heading on over
to wizcap dot com. That's wiscap dot com, starting that conversation,
putting together a plan of action. It's a great day
to do just that. Again, just head on over to
wizcap dot com. You can schedule no pressure conversation right
from the website. You can also schedule or ask a
(08:23):
question right from the website. You'll see a little bubble
on the Bombs's Schedule consultation. That's where you do just that.
And as we talk about old four to oh one case,
the benefits is psychological. Like a lot of us think of,
of course the emotional and the financial benefit, but there's
also tom a psychological benefit to the stuff as well,
isn't there?
Speaker 2 (08:43):
Well, definitely. You know, we've had many many clients over
the years who who decided they wanted to keep some
of their money separate from the client portfolios that they
would have with us. And as time goes by, they
want to are to declutter, to not have their minds
(09:04):
just torn apart by all these different things. They're supposed
to keep track of, and they like to find a
financial advisor that they concentrate their assets with because they've
felt over time to build the confidence and trust in
that person. So it really does help peace of mind
knowing that somebody you know cares about you, is competent, professional,
(09:30):
does have fiduciary goals in mind, that they're working for
you and they're helping you put together these things, because
not only can they just be a distraction and add
to your expenses and things like that, but they also
might have significant overlap and not actually accomplish what you
(09:53):
want to in your overall financial goals. So it really
is a nice thing once you've taken time felt comfortable
with your financial advisor to start to think, I could
consolidate this. I can reduce some of my worries, some
of my concerns, and some of the paperwork that I
(10:14):
have to do on a daily basis or monthly or
annually whatever. But aid's psychologically, it really is a good
point to start to think about how I can just
consolidate some of these things and have them work for me.
Speaker 1 (10:30):
Talking this morning with Tom Plump, chartered financial analyst and
Nathan Plump, sortified trust financial advisor with an executive MBA.
Of course, Nate and Tom come to us from Wisconsin
Capital Management the website wizcap dot com. That's wiscap dot com.
Talk to the next segment about how Nate and Tom
and everyone at Wisconsin Capital Management can help you. But
real quick, Nate, before we wrap up this segment. We
(10:52):
don't often think of working with a financial planner or
financial advisor to help us get better sleep. But indeed,
you see this, don't you actually see once you start
working with folks, I'm coming back and saying, Nate, I'm
sleeping better than ever.
Speaker 3 (11:07):
Yeah. A common refrain we've heard from our clients and
shareholders is that, you know, the really thing that you
guys bring is that you help me sleep at night, right,
And just to know that, uh, you know, something I
don't understand is taken care of, and you know it's
that kind of permeates to the my entire life. Right,
so I feel a little bit more organized. You know,
(11:28):
my spouse is happy that I got this in order
because it shows that I, you know, I'm thinking long term,
and uh, yeah, you see your yourself grow, you see
your bet ear, you know your relationships grow and you know,
there's nothing it is weird. You get kind of a
little bit really happy when you have you start your
first uh retirement accounts. So it kind of just like
(11:50):
you're you know, you turn got into adulthood and it's
you know, something that's that people are very proud of.
So we can stay for the beginning, or we can
start you. If you have all these old four O
one k's line around, we can we can help you
consolidate that and make sure that you're on the path
to a good, nice retirement because even these seem small
(12:12):
to you. Again, with the previous shows, we can show
about the we talked about the power compounding that little
money can grow into a lot of money. So there's
no really kind of a minimus amount of money. So
you just gotta you know, you just gotta get started.
As often we see on the show with like time
is the most valuable element that's out there.
Speaker 1 (12:30):
And Nathan, when you mentioned listening back and referencing previous shows,
great opportunity, folks, if you head on over to whizcap
dot com that's wi s c ap dot com. Not
only can you schedule a no pressure conversation, you can
also listen back to this in previous shows podcast again
those available at wizcap dot com that's Wi s c
ap dot com. Talking this morning about scattered four oh
(12:54):
one k's and the problems that they can cause. A
way to save yourself a couple thousand dollars and not
having to buy a new mattress because you're not sleeping
well oftentimes is declutter your life. We're going to continue
our conversation with Tom and Nathan about how they can
help at Wisconsin Capital Management. We will do that next
as Ask the Experts with Wisconsin Capital Management continues right
here on thirteen ten WUI b A thirteen ten Wi
(13:19):
b A and Ask the Experts talking this morning with
Tom Plump sure Chartered Financial Analyst and Nathan Plum, Certified
Trust Financial Advisor with an executive MBA. Tom and Nate
come to us from Wisconsin Capital Management. The website whizcap
dot com. That's Wi scap dot com. Do forget when
you're at the website. You can listen back to this
in previous shows podcasts. You can also schedule a no
(13:41):
pressure conversation. All I gotta do is scroll down. You'll
see a bubble on the website that says schedule that consultation.
Just click that you can start the conversation with them.
Do forget. Also, if you have a question from today's program,
you can also ask it there as well. That available
to you at wizcap dot com. That's wiscap dot A
lot of great information this week in the program. Let's
(14:03):
talk a little bit about the processes. We talk about
the importance of clearing up those scattered four h one
case and what types of problems they can cause for you,
and certainly some things when we think about folks getting
some of your benefits that you really had no intention
of giving them too, that can create a whole host
of issues. As we talked about last segment, How then
(14:25):
can Wisconsin Capital Management help you out in that area?
Speaker 2 (14:28):
Tom Well Sean, as you mentioned first, you could click
that little button on Wiscon's Capital Management and have a
consultation some type of discussion about the two different issues
that are facing you, including that I have this account
or that account. Would you take a look at it?
(14:49):
Does it make sense for me? And once you start
that consultation process, you know some of the clients will
want to work with us, and we try to make
that as simple as possible. We literally sit down with you,
call the HR department with you of your old employers,
walk through each step and get the accounts transferred into
(15:12):
a single account that then allows you to see the
big picture as well as anyone working with you or
any financial advisor like Wiscon's Capital Management.
Speaker 1 (15:23):
Tom, has it gotten harder? I remember back back when
I first started working. The first place I worked that
offered a four oh one K, I used to get
like it almost was like a little phone book, and
it had like all my all my options, and even
after I left a job, it was kind of like
an annual reminder that this that this four to oh
one K was out there. Seems now everybody with everything's
(15:43):
gone digital, and sometimes it's something as simple as an
email or other things that folks see, it seems really
easy to either delete it or block it going forward,
I've got to guess as times progress, Tom, it's gotten
a little harder for just average folks to keep track
of some of these things.
Speaker 2 (16:02):
Well, not only you keeping track of it yourself, but
the company has to keep track of you. And if
they send out something by mail and gets returned, you
might find after a couple of years, and it's in
the lost the Lost Asset column at the Wisconsin. Wisconsin
(16:23):
Department of Financial Institutions will keep a list of that,
and you'll be amazed at how many people have accounts
they don't know about or forgot about. So it's important,
as Nata's mentioned, to just get organized a little bit,
get these things together, have it consolidate, have it current,
(16:44):
including your beneficiaries, and including your address, your phone number,
your email address. Now many of us didn't have an
email address when we started our business careers, and that
may be the preferred way that that company or that
HR department just couldn't try to communicate with you and.
Speaker 1 (17:04):
Nate, this has got to be one of the most
satisfying parts of your job, isn't it.
Speaker 3 (17:09):
Yeah, it's you know, it's really amazing that people really
they're very grateful that we do to go through it,
and yeah, we're willing to actually physically sit down with
you and help you make phone calls, help you make
the right emails to get the right things going, because
you know, if you listen to the show and like,
oh I heard this, I know I need to do this.
I've been putting this off and then you're like, oh, no,
(17:32):
I'm scared, but yeah, we can walk you through that process.
You know, it's not the most fun to contact an
old HR department, but we're happy to go through it
because we're usually not emotionally invested.
Speaker 1 (17:45):
It's good to have friends on your side, that's for sure.
And it's a great day to start that journey. And
again the folks at Wisconsin Capital Mansion make it make
it easy for you. They want it to be easy.
They want to help clear your mind and of course
clear up those old four oh one case. Great data
add on over the web site whiz cap dot com
that's Wi scap dot com. Schedule that conversation right online
(18:06):
again the website whizcap dot com that's Wi s c
ap dot com. And uh, real quick as we wrap
up this week and kind of kind of close things out, Tom,
if there's just kind of one takeaway from you from
today's program, what would your advice to be be two
folks that are listening to the show, Well, I think.
Speaker 2 (18:24):
You want to clean up your old four o one case,
but anything else that you have out there to actually
put put to work. Maria Condo on your finances, is
a very important step and it helps so much for
your peace of mind, the serenity that you can have
on a day to day and you don't have to
worry about something because Nate and I and Wisconsin Capital
(18:48):
Management can worry about it for you.
Speaker 1 (18:51):
And Nate as we as we look at that stuff,
I know one of the great things is as as
as Tom mentioned earlier. Of course, a lot of us
may not have had emails we started our job. It's
a great thing to start. And we live in that
digital world now. Not only can you schedule appointment from
a computer, you can do it from your phone as well,
can't you.
Speaker 3 (19:10):
Yeah, you go directly to our website. You can email us,
you can call us, you can usually just walk through
our door. So anyway that you want to meet us,
So we're happy to do it.
Speaker 1 (19:21):
And I love that no pressure conversation. It's a great
opportunity to date. Right now, if you are sitting at
your desk, maybe listening back to this podcast, or if
you're in the car, take note, get to whizcap dot com.
That's wiscap dot com. When you get into the office
this morning, or when you get to the computer or again,
you can do it right from your phone learn more
about Wisconsin Capital Management. Even more importantly this morning. Again,
(19:43):
it's no pressure, no obligation. If you want to start
a conversation, start that chat to learn more about Wisconsin
capital Management. Maybe you want to start that journey to
clear up those old four to oh one k's and
really benefit yourself and your overall psyche. All you got
to do is head on over to wizcap dot com.
Click on that blue bubble on the bottom of the
website that says schedule a conversation. Again, no pressure, no obligation,
that'll be complimentary. All you gotta do is head on
(20:05):
over to whizcap dot com. That's Wi s c ap
dot com. It's always great chatting with both of you. Tom,
you enjoy this great day.
Speaker 2 (20:13):
No sure will. Sean, thanks for the conversation.
Speaker 1 (20:16):
And Nate, thank you so much for the for the
great information this morning and reminding me of that of
the show. I think I'm gonna have to go back
and start watching it again.
Speaker 3 (20:25):
All right, Well, I hope everyone out there is getting
outside and playing soccer and such.
Speaker 1 (20:29):
Yeah, exactly is exactly this is asked the experts with
Wisconsin Capital Management again that website whizcap dot com. That's
Wi s c ap dot com. News comes your way
next right here at thirteen ten w I B A
Thirteen ten doll ui b A and ask the experts
with Wisconsin Capital Management online whizcap dot com. That's wiscap
dot com. Speaking of the website, if you have a question,
you can always get one submitted right online. If you
head on over to whizcap dot com, whether you're on
your phone or your computer, you can actually submit a
(00:23):
question for the guys online. You can also schedule a
no pressure conversation. Just click that schedule of consultation bubble
right on the website whizcap dot com. Really easy to do.
I really hope you get a chance to do that
today again, even if it's something as simple as, Hey,
I heard you guys talking about something I was curious
to get more information. Guys would love to help you out.
They are a fantastic resource. Speaking of the guys, we've
(00:45):
got Tom Plumb and Nathan Plumb. Tom is a chartered
Financial Analyst. Nathan is a Certified Trust Financial Advisor with
an executive MBA. Both comes to us from Wisconsin Capital Management. Tom,
how you doing this morning?
Speaker 2 (00:57):
Doing just great, Sean, It's a beautiful in Wisconsin and
hoping that the fall continues to show great color and
great coniment.
Speaker 1 (01:07):
Yeah, it's been. It's been comfortable for fall. We're not
I don't think we can complain much. And Nathan, great weather.
It's funny. Over the weekend my son was playing in
a soccer tournament. I know you're a big you're a
big soccer guy. This is good soccer weather, isn't it.
Speaker 3 (01:22):
That's absolutely perfect. You could run all day, no matter
if it's soccer or just running or jogging or just
walking around the block. It is.
Speaker 1 (01:30):
It is perfect weather for all that. And we've got
you know, speaking of kind of getting out and doing things.
And one of the things I like to do is
I'll get out and I got a little grabb or
stick and I'll do a little clean up around town
here and taking care of things and making things look
better and work better. We're gonna be talking this week
about cleaning up those old four to oh one k's
And they could be quite a problem, can't they. Nathan.
Speaker 3 (01:54):
Yeah, it's something that actually surprisingly comes up as an
issue when we work with people. So a lot of people,
you know, when they start their careers, they have different jobs.
They you know, take four or five jobs before they
actually end up being kind of selling and working somewhere
for a while, and you know they kind of forget
(02:15):
that they have these old four one k's somewhere. It's
like it's a part of my distant pass. It's kind
of a to them. It's leisurely, a deminous, dominious amount
of money, and you know they just kind of you know,
out of sight, out of mind. Causes a little bit
of stress, but they're like, well, I really don't know
how to deal with it, and it just nothing happens.
Speaker 1 (02:35):
What's interesting about that, Nathan too, is you know you
think about people say, well, what's the harm in it?
There's there's quite a bit that that folks may be overlooking. Again,
it doesn't have to even be a substantial amount of money.
If it's not being properly managed or taken care of,
it can actually get get a bit. Not only can
you lose, but there's some costs there as well, isn't there?
Speaker 3 (02:55):
Oh? Absolutely, So you know you could have it kind
of poorly invested. So this is a retirement account. So
some people have it in cash or these stable value funds,
and that's really inappropriate for some investing in the retirement
probably no matter what age you are. But the real
shocker that we find is either people have don't put
(03:17):
beneficiaries on account. And just to back up, so when
you open up a retirement account, you get to when
you get to name your beneficiary. So when you pass away,
the money goes directly to the people that you have named.
It supersedes a will or anything else that you have.
And you know, probably one out of ten, you know,
people that we come across looking this stuff, they often
(03:40):
find that, oops, I have an ex spouse on there,
which a is one they didn't know about. Two probably
the current spouse wouldn't be very happy about. And you know,
it just it's just like, okay, let's let's get this uh,
let's get this house in order and get this straightened
up for you.
Speaker 1 (03:57):
And Tom, that's not that's not all that rare, is it.
Speaker 2 (04:01):
No, it certainly isn't. And Sean, you know, it's not
just retirement accounts. But as Nate was pointing out, when
you designate a beneficiary, that's the pre determined who's going
to receive that. Your will, your trust, anything else you've
done does not supersede that beneficiary designation. So it's very
(04:24):
important that they're reviewed periodically, make sure that they're in
line with what your goals are and with your other
documents that you might have for your state.
Speaker 1 (04:34):
Blend m I right and understanding. It even supersedes your will.
Speaker 2 (04:38):
Definitely, it supersedes your will. Your will may say I
want my retirement assets all to go to my spouse
or my children, but if a different beneficiary is named,
that beneficiary just shows the death certificate and it becomes
their assets.
Speaker 1 (04:58):
Wow. We talk about the opportunity to start that conversation
at wiscap dot com that's Wi s c ap dot com.
This is definitely one you may have questions about. Definitely
one you're going to want to look into. Great data,
set up that appointment, start that conversation schedule at right online.
Just head over to whiz cap dot com. That's Wi
s c ap dot com. Talking this morning with Nathan
(05:20):
and Tom Plumb of Wisconsin Capital Management and Nathan something
called the Marie Condo Show, something you're familiar with. Let's
talk a little bit about that show. And uh, they're
the analogy there that folks need to be aware of.
Speaker 3 (05:34):
Yeah, it's fall now and I was out like raking
Lee's and just doing some you know, fall maintenance stuff.
That everyone does this Tommy Year, and uh, I was
kind of reminded of a TV show that was really
popular during the pandemic. It was called The Maria Condo Show.
So in the show, this Japanese lady goes into people's
(05:57):
homes and essentially goes through all the things with them,
really kind of gets through that initial inertia because they
just look at it and it's so cluttering that people
don't even know where to start. And she goes through
each item with them and it gives them an assignment,
says to each thing, does this spark joy? If it
doesn't spark joy, they say, get rid of it. So
(06:18):
back when this premiered in twenty nineteen in Netflix, there
was something called THEO Maria Condo Effect where all there's
this huge surge to donations to thrift stores in the
San Francisco area after the initial show came out. So,
and I believe it's still going on now. In some
other it's like Rio Tidying Up with Rio Condo or
(06:40):
something like that, but that's a Netflix show, so you know,
it just there's something really, it does something psychologically when
you have things kind of in order. And so I
feel that is a good, good analogy for cleaning up
these old for old four a one case, that's.
Speaker 1 (06:57):
A really good one. As soon as you start talking
about it, said, I do remember watching that show. I
think a lot of folks this morning are nodding along
on the radio, going, I know exactly what Nathan is
talking about this morning, talking with Nathan and Tom Plum
of Wisconsin Capital Management Online whizcap dot com. That's wiz
w I s c AP dot com, whizcap dot com.
And Tom, you think about decluttering and kind of simplifying things,
(07:21):
It's like a big weight lifted off folk shoulder, isn't it, Tom.
Speaker 2 (07:25):
Yeah, it does remind me of a story about having
a book about decluttering and uh, if something doesn't bring
you joy, to get rid of it. And I had
that book and so I threw that book out.
Speaker 1 (07:41):
State. That simplifies things as well. I always use with
with my son. I always have to remind him that
you know, and and and Nate, when you were talking
about talking about kind of almost feeling overwhelmed. I always
tell my son about about things like projects and other
things that got to take care of. I always tell
them some motivation doesn't come at the beginning. Motivation comes
after you start, and sometimes just taking that first step.
(08:03):
And as we talk about old four to oh one
case this morning, taking that first step, heading on over
to wizcap dot com. That's wiscap dot com, starting that conversation,
putting together a plan of action. It's a great day
to do just that. Again, just head on over to
wizcap dot com. You can schedule no pressure conversation right
from the website. You can also schedule or ask a
(08:23):
question right from the website. You'll see a little bubble
on the Bombs's Schedule consultation. That's where you do just that.
And as we talk about old four to oh one case,
the benefits is psychological. Like a lot of us think of,
of course the emotional and the financial benefit, but there's
also tom a psychological benefit to the stuff as well,
isn't there?
Speaker 2 (08:43):
Well, definitely. You know, we've had many many clients over
the years who who decided they wanted to keep some
of their money separate from the client portfolios that they
would have with us. And as time goes by, they
want to are to declutter, to not have their minds
(09:04):
just torn apart by all these different things. They're supposed
to keep track of, and they like to find a
financial advisor that they concentrate their assets with because they've
felt over time to build the confidence and trust in
that person. So it really does help peace of mind
knowing that somebody you know cares about you, is competent, professional,
(09:30):
does have fiduciary goals in mind, that they're working for
you and they're helping you put together these things, because
not only can they just be a distraction and add
to your expenses and things like that, but they also
might have significant overlap and not actually accomplish what you
(09:53):
want to in your overall financial goals. So it really
is a nice thing once you've taken time felt comfortable
with your financial advisor to start to think, I could
consolidate this. I can reduce some of my worries, some
of my concerns, and some of the paperwork that I
(10:14):
have to do on a daily basis or monthly or
annually whatever. But aid's psychologically, it really is a good
point to start to think about how I can just
consolidate some of these things and have them work for me.
Speaker 1 (10:30):
Talking this morning with Tom Plump, chartered financial analyst and
Nathan Plump, sortified trust financial advisor with an executive MBA.
Of course, Nate and Tom come to us from Wisconsin
Capital Management the website wizcap dot com. That's wiscap dot com.
Talk to the next segment about how Nate and Tom
and everyone at Wisconsin Capital Management can help you. But
real quick, Nate, before we wrap up this segment. We
(10:52):
don't often think of working with a financial planner or
financial advisor to help us get better sleep. But indeed,
you see this, don't you actually see once you start
working with folks, I'm coming back and saying, Nate, I'm
sleeping better than ever.
Speaker 3 (11:07):
Yeah. A common refrain we've heard from our clients and
shareholders is that, you know, the really thing that you
guys bring is that you help me sleep at night, right,
And just to know that, uh, you know, something I
don't understand is taken care of, and you know it's
that kind of permeates to the my entire life. Right,
so I feel a little bit more organized. You know,
(11:28):
my spouse is happy that I got this in order
because it shows that I, you know, I'm thinking long term,
and uh, yeah, you see your yourself grow, you see
your bet ear, you know your relationships grow and you know,
there's nothing it is weird. You get kind of a
little bit really happy when you have you start your
first uh retirement accounts. So it kind of just like
(11:50):
you're you know, you turn got into adulthood and it's
you know, something that's that people are very proud of.
So we can stay for the beginning, or we can
start you. If you have all these old four O
one k's line around, we can we can help you
consolidate that and make sure that you're on the path
to a good, nice retirement because even these seem small
(12:12):
to you. Again, with the previous shows, we can show
about the we talked about the power compounding that little
money can grow into a lot of money. So there's
no really kind of a minimus amount of money. So
you just gotta you know, you just gotta get started.
As often we see on the show with like time
is the most valuable element that's out there.
Speaker 1 (12:30):
And Nathan, when you mentioned listening back and referencing previous shows,
great opportunity, folks, if you head on over to whizcap
dot com that's wi s c ap dot com. Not
only can you schedule a no pressure conversation, you can
also listen back to this in previous shows podcast again
those available at wizcap dot com that's Wi s c
ap dot com. Talking this morning about scattered four oh
(12:54):
one k's and the problems that they can cause. A
way to save yourself a couple thousand dollars and not
having to buy a new mattress because you're not sleeping
well oftentimes is declutter your life. We're going to continue
our conversation with Tom and Nathan about how they can
help at Wisconsin Capital Management. We will do that next
as Ask the Experts with Wisconsin Capital Management continues right
here on thirteen ten WUI b A thirteen ten Wi
(13:19):
b A and Ask the Experts talking this morning with
Tom Plump sure Chartered Financial Analyst and Nathan Plum, Certified
Trust Financial Advisor with an executive MBA. Tom and Nate
come to us from Wisconsin Capital Management. The website whizcap
dot com. That's Wi scap dot com. Do forget when
you're at the website. You can listen back to this
in previous shows podcasts. You can also schedule a no
(13:41):
pressure conversation. All I gotta do is scroll down. You'll
see a bubble on the website that says schedule that consultation.
Just click that you can start the conversation with them.
Do forget. Also, if you have a question from today's program,
you can also ask it there as well. That available
to you at wizcap dot com. That's wiscap dot A
lot of great information this week in the program. Let's
(14:03):
talk a little bit about the processes. We talk about
the importance of clearing up those scattered four h one
case and what types of problems they can cause for you,
and certainly some things when we think about folks getting
some of your benefits that you really had no intention
of giving them too, that can create a whole host
of issues. As we talked about last segment, How then
(14:25):
can Wisconsin Capital Management help you out in that area?
Speaker 2 (14:28):
Tom Well Sean, as you mentioned first, you could click
that little button on Wiscon's Capital Management and have a
consultation some type of discussion about the two different issues
that are facing you, including that I have this account
or that account. Would you take a look at it?
(14:49):
Does it make sense for me? And once you start
that consultation process, you know some of the clients will
want to work with us, and we try to make
that as simple as possible. We literally sit down with you,
call the HR department with you of your old employers,
walk through each step and get the accounts transferred into
(15:12):
a single account that then allows you to see the
big picture as well as anyone working with you or
any financial advisor like Wiscon's Capital Management.
Speaker 1 (15:23):
Tom, has it gotten harder? I remember back back when
I first started working. The first place I worked that
offered a four oh one K, I used to get
like it almost was like a little phone book, and
it had like all my all my options, and even
after I left a job, it was kind of like
an annual reminder that this that this four to oh
one K was out there. Seems now everybody with everything's
(15:43):
gone digital, and sometimes it's something as simple as an
email or other things that folks see, it seems really
easy to either delete it or block it going forward,
I've got to guess as times progress, Tom, it's gotten
a little harder for just average folks to keep track
of some of these things.
Speaker 2 (16:02):
Well, not only you keeping track of it yourself, but
the company has to keep track of you. And if
they send out something by mail and gets returned, you
might find after a couple of years, and it's in
the lost the Lost Asset column at the Wisconsin. Wisconsin
(16:23):
Department of Financial Institutions will keep a list of that,
and you'll be amazed at how many people have accounts
they don't know about or forgot about. So it's important,
as Nata's mentioned, to just get organized a little bit,
get these things together, have it consolidate, have it current,
(16:44):
including your beneficiaries, and including your address, your phone number,
your email address. Now many of us didn't have an
email address when we started our business careers, and that
may be the preferred way that that company or that
HR department just couldn't try to communicate with you and.
Speaker 1 (17:04):
Nate, this has got to be one of the most
satisfying parts of your job, isn't it.
Speaker 3 (17:09):
Yeah, it's you know, it's really amazing that people really
they're very grateful that we do to go through it,
and yeah, we're willing to actually physically sit down with
you and help you make phone calls, help you make
the right emails to get the right things going, because
you know, if you listen to the show and like,
oh I heard this, I know I need to do this.
I've been putting this off and then you're like, oh, no,
(17:32):
I'm scared, but yeah, we can walk you through that process.
You know, it's not the most fun to contact an
old HR department, but we're happy to go through it
because we're usually not emotionally invested.
Speaker 1 (17:45):
It's good to have friends on your side, that's for sure.
And it's a great day to start that journey. And
again the folks at Wisconsin Capital Mansion make it make
it easy for you. They want it to be easy.
They want to help clear your mind and of course
clear up those old four oh one case. Great data
add on over the web site whiz cap dot com
that's Wi scap dot com. Schedule that conversation right online
(18:06):
again the website whizcap dot com that's Wi s c
ap dot com. And uh, real quick as we wrap
up this week and kind of kind of close things out, Tom,
if there's just kind of one takeaway from you from
today's program, what would your advice to be be two
folks that are listening to the show, Well, I think.
Speaker 2 (18:24):
You want to clean up your old four o one case,
but anything else that you have out there to actually
put put to work. Maria Condo on your finances, is
a very important step and it helps so much for
your peace of mind, the serenity that you can have
on a day to day and you don't have to
worry about something because Nate and I and Wisconsin Capital
(18:48):
Management can worry about it for you.
Speaker 1 (18:51):
And Nate as we as we look at that stuff,
I know one of the great things is as as
as Tom mentioned earlier. Of course, a lot of us
may not have had emails we started our job. It's
a great thing to start. And we live in that
digital world now. Not only can you schedule appointment from
a computer, you can do it from your phone as well,
can't you.
Speaker 3 (19:10):
Yeah, you go directly to our website. You can email us,
you can call us, you can usually just walk through
our door. So anyway that you want to meet us,
So we're happy to do it.
Speaker 1 (19:21):
And I love that no pressure conversation. It's a great
opportunity to date. Right now, if you are sitting at
your desk, maybe listening back to this podcast, or if
you're in the car, take note, get to whizcap dot com.
That's wiscap dot com. When you get into the office
this morning, or when you get to the computer or again,
you can do it right from your phone learn more
about Wisconsin Capital Management. Even more importantly this morning. Again,
(19:43):
it's no pressure, no obligation. If you want to start
a conversation, start that chat to learn more about Wisconsin
capital Management. Maybe you want to start that journey to
clear up those old four to oh one k's and
really benefit yourself and your overall psyche. All you got
to do is head on over to wizcap dot com.
Click on that blue bubble on the bottom of the
website that says schedule a conversation. Again, no pressure, no obligation,
that'll be complimentary. All you gotta do is head on
(20:05):
over to whizcap dot com. That's Wi s c ap
dot com. It's always great chatting with both of you. Tom,
you enjoy this great day.
Speaker 2 (20:13):
No sure will. Sean, thanks for the conversation.
Speaker 1 (20:16):
And Nate, thank you so much for the for the
great information this morning and reminding me of that of
the show. I think I'm gonna have to go back
and start watching it again.
Speaker 3 (20:25):
All right, Well, I hope everyone out there is getting
outside and playing soccer and such.
Speaker 1 (20:29):
Yeah, exactly is exactly this is asked the experts with
Wisconsin Capital Management again that website whizcap dot com. That's
Wi s c ap dot com. News comes your way
next right here at thirteen ten w I B A
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