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Speaker 1: Breaking news on the way home.

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Speaker 2: We have an accident slowing things down on the freeway.

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Speaker 1: When you need us, we are there fifty five krs

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Speaker 1: the talk station.

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Speaker 3: Tonight, the Fed holds the line on interest rates.

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Speaker 4: How something called the Rory Kitty may have changed retail

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Speaker 4: investing forever, and we answer your questions about Roth contributions,

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Speaker 4: capital gains and more. You're listening to Simply Money presented

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Speaker 4: by all Worth Financial on Bob Sponseller along with Brian

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Speaker 4: James Well. Earlier today, Brian, to no one's surprise, the

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Speaker 4: Federal Reserve announced their latest move on interest rates and

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Speaker 4: their move was well, no move at all.

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Speaker 5: Yeah, what they did and they didn't do.

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Speaker 6: And this was fairly obvious for anybody who watches bon

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Speaker 6: bond market activity, and Anty Stout, our chief investment officer,

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Speaker 6: of course, does that all day every day, and he

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Speaker 6: was kind of letting us know not to get too

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Speaker 6: excited about any changes here. So after cutting rates for

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Speaker 6: three straight meetings, this time around policymakers left rates unchanged.

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Speaker 6: So we're still in the three and a half three

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Speaker 6: point seventy five percent range. So the reason for this

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Speaker 6: is because inflation has come down from the pandemic era peaks,

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Speaker 6: remember the eight to nine percent days when we all

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Speaker 6: got excited briefly about ibond. But it's still above the

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Speaker 6: two percent target, but not that far above, and policymakers

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Speaker 6: have basically determined that we don't want to risk we

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Speaker 6: don't want to risk a recurrence of inflation by easing

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Speaker 6: policy too prematurely while these sticky price pressures are hanging around.

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Speaker 6: Cutting too soon, of course, could drive inflation right back

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Speaker 6: where we were. And on the other hand, we don't

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Speaker 6: want to slam on the brakes and risk reversing progress

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Speaker 6: on inflation. But we're watching these signs carefully so as

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Speaker 6: we've had a science show steady growth right now, so

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Speaker 6: we're not wanting to make any sudden changes.

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Speaker 5: There is a bit of.

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Speaker 6: A weakening job market out there in terms of the

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Speaker 6: things that we should maybe paying attention to. That could

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Speaker 6: justify some future cuts, but right now that's not huge

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Speaker 6: on the radar, just something to pay attention.

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Speaker 4: Yeah, I think this is this FED announcement came as

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Speaker 4: really no surprise to anyone, and it's completely understandable. I mean,

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Speaker 4: we're coming off the heels of two really good quarters

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Speaker 4: on GDP growth, and not just GDP growth, real GDP growth,

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Speaker 4: which means you know, a.

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Speaker 3: Growth net of inflation.

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Speaker 4: So we are getting solid economic growth in spite of

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Speaker 4: what you said.

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Speaker 3: You know, Brian, it's in the labor market.

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Speaker 4: We're not really laying people off, but we're not really

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Speaker 4: hiring anyway.

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Speaker 3: So I think the Fed is keeping.

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Speaker 4: Their eye on that along with all this AI coming

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Speaker 4: in which could impact it remains to be seen how

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Speaker 4: that's going to impact, you know.

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Speaker 3: The job market.

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Speaker 4: That's more of a longer term trend that we'll all

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Speaker 4: have to keep our eye on.

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Speaker 3: But yeah, totally makes sense.

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Speaker 4: Hey, let's stand pat here, and at least the economists

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Speaker 4: I read and listen to, you know, nobody really expects

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Speaker 4: much to happen on the interest right front, you know,

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Speaker 4: probably until well into the second quarter of twenty twenty six.

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Speaker 4: So it's you know, steady issue goes for right now

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Speaker 4: and understandably. So all right, this next bit of news,

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Speaker 4: this next report did come as a surprise to me, Brian.

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Speaker 4: I'd love to get your thoughts on this. US consumer

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Speaker 4: confidence declined in January to get this, the lowest level

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Speaker 4: in more than a decade, on more pessimistic views of

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Speaker 4: the economy and the labor market.

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Speaker 3: This one surprised me a bit.

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Speaker 6: Yeah, the Conference boards gage decreased to eighty four and

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Speaker 6: a half. That's from a ninety four last month. Right,

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Speaker 6: these numbers are meaningless until we have something to compare

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Speaker 6: them against, and that came out Tuesday. That's the lowest

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Speaker 6: we've had since May of twenty fourteen, and it fell

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Speaker 6: short of everybody's estimates in terms of what Bloomberg Survey

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Speaker 6: had to say about it. So another measure of expectations

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Speaker 6: for the next six months fell back in January to

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Speaker 6: the lowest since April, while a gauge of present conditions

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Speaker 6: dipped to the lowest in nearly five years. So in

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Speaker 6: terms of why this is happening, consumers offered mentioned prices

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Speaker 6: of oil, gas, groceries, in basically all the things we

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Speaker 6: have to deal with on a daily basis, you know,

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Speaker 6: mentions of politics, labor market, health, insurance, also roads go figure.

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Speaker 6: People are reacting to the headlines. This is a sentiment survey.

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Speaker 3: What mood are you in?

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Speaker 6: While there's not a lot out there that's going to

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Speaker 6: make people very happy, and I don't see that fixing

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Speaker 6: itself anytime soon.

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Speaker 5: So we have to.

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Speaker 6: We have to take this with a little bit of

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Speaker 6: a grain of salt that there's just not a lot

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Speaker 6: out there that's going to make the average person happy

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Speaker 6: because of the just with everything going on, good, bad,

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Speaker 6: and different, and whether it's real or not is of

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Speaker 6: course a question too. But there's nothing out there driving

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Speaker 6: positive sentiment. So I'm not shocked to see a little

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Speaker 6: bit of negative here.

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Speaker 4: Yeah, I don't want to wait, I don't know who

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Speaker 4: these people talk to. I think it depends on Uh,

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Speaker 4: it depends on who you talk to and what's going

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Speaker 4: on here. And again, as you said, politics is creeping

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Speaker 4: into it. You know, let's face it, we're in a

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Speaker 4: mid term election cycle. We've had a lot of things

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Speaker 4: going on here. People writing in on the surveys concerned

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Speaker 4: about war. You know, depending on how you look at it,

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Speaker 4: some of the recent actions, you can make an argument

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Speaker 4: are preventing war, not putting us in war. But you know,

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Speaker 4: when when when ships are floating around to different hemispheres

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Speaker 4: around the world, Yep, that's a little unsettling for people.

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Speaker 4: I find it almost comical that some of these respondents

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Speaker 4: mentioned the price of oil and gas. Last time I

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Speaker 4: checked the price of oil and gas. You know, go

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Speaker 4: to the gas bump to fill up your car. The

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Speaker 4: prices are pretty darn low. So I'm kind of surprised

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Speaker 4: to hear that that's a concern of consumers and driving

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Speaker 4: negative sentiment.

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Speaker 3: But meanwhile, and I always go back.

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Speaker 4: To look watch what people actually do, not what they

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Speaker 4: say they're gonna do.

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Speaker 3: Uh.

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Speaker 4: The survey also said spending quote, spending has remained resilient,

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Speaker 4: and upcoming tax refunds should further support household purchasing power.

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Speaker 4: I think people, everybody, at least, I'll say at least

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Speaker 4: the current administration is really touting the fact that people

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Speaker 4: are going to be shocked and amazed by their tax

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Speaker 4: refunds after they file, you know, with some of the

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Speaker 4: tax law changes in the big beautiful bill.

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Speaker 3: All that remains to be seen.

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Speaker 4: But again, people are spending money, stock markets up, economic

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Speaker 4: coctivity activity is up. Little surprised at all the negativity

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Speaker 4: on the on the sentiment side, but you know, it's

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Speaker 4: just one data point in time, and and we'll see

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Speaker 4: what happens. Hey, speaking of what could drive sentiment, Brian,

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Speaker 4: you think we're headed for another government shutdown?

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Speaker 3: Uh?

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Speaker 4: Late this week? I mean we're We're drawn right up

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Speaker 4: to the deadline like we always do. Senate Democrats are

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Speaker 4: threatening to withhold Department of Homeland Security funding following the

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Speaker 4: tragic death of a second US citizen here in Minnesota. Recently,

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Speaker 4: the House had passed five appropriation bills, looks like, looked

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Speaker 4: like it was bipartisan.

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Speaker 3: Things were moving along.

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Speaker 4: To avoid a shut down, and then this, this recent

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Speaker 4: you know, incident, horrible incident in Minnesota has kind of

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Speaker 4: change the calculus there. This will be interesting to see

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Speaker 4: how it all shakes out as we head.

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Speaker 3: It toward the end of the month and the end

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Speaker 3: of government funding. Yeah.

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Speaker 6: Well, it would shock me if there isn't at least

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Speaker 6: continued threats of that. That's been something that you know,

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Speaker 6: at the the end of the day, I'm not saying

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Speaker 6: it doesn't impact anybody, but I don't know a lot

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Speaker 6: of people out there whose lives are truly upended when

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Speaker 6: we have this. So I don't think there's a ton

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Speaker 6: of risk for politicians to threaten that and use it.

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Speaker 6: I almost feel like it's going to be just every

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Speaker 6: time this, you know, we have to raise the debt ceiling.

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Speaker 6: That's exactly where we're gonna where we're gonna go because

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Speaker 6: it has it has worked to some extent. That's that's

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Speaker 6: the kind of thing that forces some kind of compromise.

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Speaker 6: It's almost like the it feels like the last option

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Speaker 6: we have is just just to shut things down so

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Speaker 6: that everybody is forced to come to the table and

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Speaker 6: decide something. But for these, you know, a couple of

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Speaker 6: three week the last one I think was close to

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Speaker 6: forty days shutdown. It hasn't been that disruptive to the

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Speaker 6: overall economy, and you can certainly fined with the evidence

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Speaker 6: of where it has an impact, but it hasn't been

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Speaker 6: much of a big needle mover to do that. So

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Speaker 6: I have a feeling with the fact that there is

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Speaker 6: hasn't been a whole lot of downside.

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Speaker 5: That's something we're gonna we should just get used to,

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Speaker 5: if we're not already.

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Speaker 6: I mean, I feel like we've had, yeah, you know,

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Speaker 6: enough shutdowns that this just is.

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Speaker 5: The way that we do business nowadays. I'm unfortunately in

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Speaker 5: the halls of Congress.

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Speaker 4: Yeah, you know, speaking of things that do move the market.

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Speaker 4: I mean, we we've talked about this a few times

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Speaker 4: here in the last week. I mean, we're right smack

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Speaker 4: in the middle of earning season and we're getting you know,

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Speaker 4: now we're starting to get some of these big cap

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Speaker 4: tech earnings that you know is what typically moves the

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Speaker 4: market up or down in the short term. But all

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Speaker 4: this sentiment and threat of government shut down and all

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Speaker 4: that does get people, you know, understandably nervous and concerned.

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Speaker 4: But our message is always, hey, keep your eye on

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Speaker 4: the ball here, keep your eye on your financial plan.

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Speaker 3: And if and when.

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Speaker 4: We do get volatility, because we always will get some,

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Speaker 4: well that's a great reminder to keep that emergency fund

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Speaker 4: filled up. And as I always like to say, you know,

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Speaker 4: don't use Navidia stock as your ATM machine. Have some

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Speaker 4: dry powders, some some gas in the tank, has some

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Speaker 4: cash in your bank account, and then you're always in

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Speaker 4: a great position to ride out any short term volatility.

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Speaker 4: I find it also interesting we talk we've talked about

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Speaker 4: some of these online betting markets that are cropping up,

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Speaker 4: things like cash Calshi and polymarket. Traders on polymarket now

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Speaker 4: place the odds at seventy nine percent on a government shutdown.

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Speaker 4: It does provide a snapshot of you know, people are

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Speaker 4: putting real money on the line here to bet on

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Speaker 4: what's going to happen.

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Speaker 3: And that's kind of the new phenomenon, you know.

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Speaker 4: In in in our i'll say economic world or gambling world,

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Speaker 4: people just betting on any kind of outcome that one

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Speaker 4: can think of, and there's an opportunity to put real

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Speaker 4: money on it and either win or lose based on

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Speaker 4: whether you're right or not.

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Speaker 6: Yeah, and that's an interesting way of looking at the

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Speaker 6: overall sentiment. What are people thinking about? And I'm sure

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Speaker 6: we won't be able to get away from this. This

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Speaker 6: is gonna be the thing we talk about for the

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Speaker 6: next several decades over just about every major event that's

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Speaker 6: about to come up, somebody's gonna be gambling on it,

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Speaker 6: because that's what these prediction markets are for. And unfortunately,

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Speaker 6: there's a lot more people viewing that as an investment alternative.

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Speaker 6: So we're gonna have a lot of activity and it's

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Speaker 6: going to continue to be a place that people look

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Speaker 6: and that that's a call.

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Speaker 5: She didn't mention this one, but call she is.

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Speaker 6: As traders are about a seventy five percent chance that

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Speaker 6: the shutdown begins on this Saturday. It's not only that

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Speaker 6: there will be one. We're now getting down to the

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Speaker 6: point of when's it gonna start? So that's that's up

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Speaker 6: sixty four percentage points over the last two days. So

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Speaker 6: I would say that there's there's some attention being paid

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Speaker 6: just over the last week that wasn't before well, and

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Speaker 6: that has.

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Speaker 4: To be driven by, you know, again, just the unfortunate event,

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Speaker 4: you know, on Saturday in Minneapolis.

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Speaker 3: I have to think that's what's.

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Speaker 4: Driving that up sixty four percentage points in the last

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Speaker 4: two business days. I'm curious, have you ever been on

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Speaker 4: polymarket or calshie. Have any of your clients ever talked

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Speaker 4: to you about this? Is this a thing that people

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Speaker 4: that you deal with every day are talking about and

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Speaker 4: getting engaged with. For me, no one's ever brought this

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Speaker 4: up to me. This seems like a younger man and

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Speaker 4: ladies game here. I'm just curious what your experience has

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Speaker 4: been with things like Calshie and polymarket and these online

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Speaker 4: betting resources.

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Speaker 6: I mean, the clients that I work with are so

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Speaker 6: in tuned with just the overall big picture of financial plan.

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Speaker 6: They not They're not really at any time looking for

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Speaker 6: a quick hit on something, and I think they look

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Speaker 6: at all this kind of stuff with a skeptical eye.

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Speaker 5: And I would I would assign me.

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Speaker 6: I don't even have many conversations about should we buy

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Speaker 6: Nvidio and those kinds of things, because we've just had

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Speaker 6: a different approach all along. So now I don't expect

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Speaker 6: to be hearing about it anytime soon, other than you know,

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Speaker 6: somebody's sharing a headline.

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Speaker 5: They saw, they got their attention. That'll happen, all right.

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Speaker 4: Well, hey, speaking of new trends and new ways to

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Speaker 4: invest or gamble, depending on how you look at it.

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Speaker 4: Five years ago there was a moment that reshaped Wall Street,

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Speaker 4: and coming up next, we're going to talk about why

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Speaker 4: everyday investors now hold more power than ever in terms

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Speaker 4: of moving markets and what it means for your portfolio.

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Speaker 3: Each and every day.

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Speaker 4: You're listening to Simply Money, presented by all Worth Financial

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Speaker 4: on fifty five KRC the Talk station.

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Speaker 7: Worth Financial a registered investment advisory firm. Any ideas presented

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Speaker 7: during this program are not intended to provide specific financial advice.

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Speaker 7: You should consult your own financial advisor, tax consultant, or

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Speaker 7: a state planning attorney to conduct your own due diligence.

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Speaker 4: You're listening to Simply Money, presented by all Worth Financial

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Speaker 4: on Bob sponseller along.

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Speaker 3: With Brian James.

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Speaker 4: One listener shelling out for eighteen hundred dollars a month

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Speaker 4: for pre Medicare health coverage. Can it be done for less?

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Speaker 4: Another's weighing a seventy five thousand dollars wroth conversion, while

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Speaker 4: a third person is stunned by how high their rmds

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Speaker 4: are set to climb.

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Speaker 3: We're going to tackle all of those issues and more

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Speaker 3: straight ahead.

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Speaker 4: At six forty three, Well five years ago, the investing

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Speaker 4: world changed forever thanks to a company most of us

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Speaker 4: thought was headed for the dust bin. And that's a

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Speaker 4: company called game Stop. It wasn't earnings or a buyout

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Speaker 4: or any other corporate news that sent the stock soaring.

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Speaker 4: It was a bunch of retail traders on Reddit causing

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Speaker 4: you know, what's commonly known as a short squeeze, and

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Speaker 4: that happened in early twenty twenty one.

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Speaker 3: And it wasn't just a flash in the pan, Brian.

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Speaker 4: It was the start of something much bigger, you know,

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Speaker 4: a bit of a fundamental shift here in who really

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Speaker 4: holds the power of moving markets and stocks, at least

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Speaker 4: in the short term.

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Speaker 6: Yeah, this is what came has now come to be

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Speaker 6: known as the memes stock craze, so that the game

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Speaker 6: stop Saga brought us you know, all these terms like

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Speaker 6: yolo trades and roaring Kitty is a person, not a thing.

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Speaker 6: That was the one of the posters on Reddit that

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Speaker 6: got everybody excited on that Wall Street BET's subreddit. But

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Speaker 6: underneath the headlines much more important story. So regular investors

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Speaker 6: are suddenly a major force. The Internet and social media

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Speaker 6: has enabled people to bind themselves together to become a

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Speaker 6: much more powerful buying or selling entity and have much

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Speaker 6: more of an impact.

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Speaker 5: So before, let's go back a little bit of history.

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Speaker 6: So, before the pandemic, individual investors really just made up

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Speaker 6: a sliver of daily trading volume. Hedge funds, institutions, the

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Speaker 6: big money ruled the roost, But now retail accounts for

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Speaker 6: almost twenty percent of daily equity volume. That's according to Blackrock,

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Speaker 6: the co chief investment officer there who basically feels like

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Speaker 6: that this is something he needs to pay attention to.

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Speaker 6: And another one, Robin Hood you might have heard of.

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Speaker 6: Steve Cork, their chief brokerage officer, says on some days

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Speaker 6: up to forty percent in options activity and that can

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Speaker 6: even hit fifty percent of their activities coming through options

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Speaker 6: and robin hood of course is all is.

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Speaker 5: All retail type investors.

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Speaker 6: So and what more surprising element out of this, Bob,

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Speaker 6: This trend didn't even go away when the world reopened

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Speaker 6: after COVID JP Morgan found that retail trading hit a

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Speaker 6: new record in twenty twenty five and was up sixty

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Speaker 6: percent from the previous year. So this is just simply

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Speaker 6: the market and the ability to trade has gotten people's

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Speaker 6: attention more than ever before. Now, what we don't ever

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Speaker 6: really do is look at whether people are actually benefiting

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Speaker 6: themselves by doing this. All we can really do is

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Speaker 6: measure the activity, not whether they're meaningfully impacting their own lot.

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Speaker 5: That's tougher to measure.

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Speaker 3: Yeah, we can't.

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Speaker 4: We can't really measure how they're doing, you know, whether

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Speaker 4: they're making money, losing money, or keeping pace with you know,

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Speaker 4: what we'll call a quote unquote traditional balanced acid allocation program.

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Speaker 4: But it really is interesting to watch, you know, the

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Speaker 4: emergence of retail trading, and Brian, I think this is

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Speaker 4: only getting started. There's going to be tokenization and I

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Speaker 4: would say twenty four hour trading online. I'm going to

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Speaker 4: predict within the next forty eight months. I think the

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Speaker 4: market's demanding it if you can tokenize, meaning instead of

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Speaker 4: having to buy a full share of Apple or Microsoft,

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Speaker 4: you break this up into tokens where you can, you know,

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Speaker 4: you could take ten bucks and own fractional shares of

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Speaker 4: the whole, you know, magnificent seven.

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Speaker 3: And people like that. They want to be able to

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Speaker 3: participate in that.

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Speaker 4: And you know, the young guy or lady that has

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Speaker 4: a little bit of money thrown in a roth ira

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Speaker 4: can pull out their phone and trade these things. I think,

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Speaker 4: I think, if responsibly done, it's a good thing.

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Speaker 3: And I think we're going.

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Speaker 4: To see, you know, a continued movement toward retail trading

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Speaker 4: and again even twenty four hour you know, open market trading.

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Speaker 4: I think that's coming, Brian, that with this whole tokenization

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Speaker 4: and getting everything on the blockchain, it'll just be interesting

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Speaker 4: to see how people actually do and how that impacts

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Speaker 4: the relationship between retail investors, the overall markets, financial advisors,

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Speaker 4: institutional firms. It's going to be an interesting evolution here

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Speaker 4: over i'd say the next two to five years.

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Speaker 6: Yeah, I would agree with you, and I think more

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Speaker 6: so what this means for investors, because this is coming

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Speaker 6: at a time in history where we're approaching the biggest

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Speaker 6: wealth transfer we've ever seen. Over the next couple decades,

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Speaker 6: millennials in generations Z are set to inherit about one

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Speaker 6: hundred and twenty trillion dollars. That pile of money moving

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Speaker 6: from one generation to the other is four times the

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Speaker 6: size of the overall US economy.

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Speaker 5: So where are those dollars going to go?

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Speaker 6: Well, these are investors who grew up with iPhones, Reddit,

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Speaker 6: instant access to the markets. They're comfortable with twenty four

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Speaker 6: to seven trading, and then they expect these digital tools.

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Speaker 6: They do want control over these things. Broker is Well,

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Speaker 6: they're aware of it too. That's why you're seeing crypto ETFs,

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Speaker 6: prediction markets and all these tools being delivered so that

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Speaker 6: they can that these brokers can take advantage of what

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Speaker 6: the market, what they anticipate the market's going to want.

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Speaker 6: That market is evolving to meet the retail investor. It's

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Speaker 6: not staying the same and waiting for other people to

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Speaker 6: catch up. So, you know, let's not forget on occasion,

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Speaker 6: retail investors do prove that they can be responsible. You know,

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Speaker 6: there's a there's a leveraged ETF provider, which I don't.

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Speaker 6: I don't classify those in the irresponsible area. But direction

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Speaker 6: On they found that retail investors are mostly keeping those

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Speaker 6: speculative bets to a small part of their portfolios. The

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Speaker 6: rest of it is sticking in traditional long term investments.

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Speaker 6: I do like to hear that, and it's interesting that

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Speaker 6: direction of all organizations is paying attention to it. Again,

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Speaker 6: not a bad company, I don't mean to cast them

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Speaker 6: in a bad light. But leverage dtfs, that is, those

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Speaker 6: are not for the faint of heart. They do not

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Speaker 6: work the way that you might think they do.

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Speaker 4: Yeah, I mean most of the direction on ets are

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Speaker 4: three times leverage. You're going to get three times the

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Speaker 4: daily move up or down of the given index or

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Speaker 4: sector that you're trading. I find it interesting that direction

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Speaker 4: On even purports to know what percentage of the buyers

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Speaker 4: of these ETFs are using.

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Speaker 3: You know that that would presume that.

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Speaker 4: They know what an investor's overall portfolio and financial plan

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Speaker 4: looks like.

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Speaker 3: And I have no I don't.

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Speaker 6: Suppose that's I'm sure they have to fill out suitability stuff,

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Speaker 6: so somebody has to check a box that says I'm

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Speaker 6: worth a half million, I'm worth a million or something

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Speaker 6: like that, and they say, okay, well you're trading twenty

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Speaker 6: thousand here, and you say you're worth a million. Therefore

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Speaker 6: you're only goofing around with two percent with our leverage

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Speaker 6: of GTFS.

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Speaker 5: I'm guessing that's probably where that goes.

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Speaker 4: I think you're probably right. Yep, just a suitability form

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Speaker 4: to open up an account. Hey, I don't know about you, Brian.

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Speaker 4: When people come in you know, clients, new clients, old clients,

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Speaker 4: and they want to play around with some of this stuff,

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Speaker 4: I always encourage them to do it because I think

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Speaker 4: with a small piece of their portfolio, because I think

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Speaker 4: once people actually go around and play with some of

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Speaker 4: this stuff and try to time the market, beat the index,

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Speaker 4: do whatever people think they could do. Oftentimes it's a

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Speaker 4: very humble experience. Sometimes it works out, but it causes

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Speaker 4: our phone to ring a whole lot a lot less.

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Speaker 4: If people could take a small amount of their money

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Speaker 4: and just have at it, do your thing, and people

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Speaker 4: come out usually at the end of that whole experience,

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Speaker 4: much more educated and much easier to work with as

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Speaker 4: a client going forward.

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Speaker 3: What's your What are your thoughts on that?

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Speaker 5: No, I completely agree that.

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Speaker 6: I mean I think it's it's good for the education

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Speaker 6: of it to see if you truly enjoy it. I

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Speaker 6: do see very very very frequently clients will come and

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Speaker 6: they'll say, hey, I got this account. I haven't touched,

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Speaker 6: you know, in a long time, and I'm just ignoring it.

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Speaker 6: So let's figure let's get it worked into the plan

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Speaker 6: and figure out what it means to me. And it

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Speaker 6: turns out it'll be a technology It'll be like the

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Speaker 6: technology headlines from seven or eight years ago when they

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Speaker 6: when they were interested in spending the time it was

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Speaker 6: the hot names from that time period. That says no, again,

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Speaker 6: I agree with you, it's good from an educational standpoint.

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Speaker 6: The best thing anybody can do is go through a

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Speaker 6: full market cycle up and down, and then you know

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Speaker 6: how the world works.

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Speaker 3: All right, here's our all worth advice.

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Speaker 4: Retail invests have changed the game, and that game is

441
00:21:02,680 --> 00:21:05,240
Speaker 4: only in the first couple of innings in my opinion,

442
00:21:05,680 --> 00:21:08,720
Speaker 4: But chasing hype is still most of the time a

443
00:21:08,760 --> 00:21:13,920
Speaker 4: losing strategy. Long term success still comes from discipline, diversification,

444
00:21:14,359 --> 00:21:15,760
Speaker 4: and actually having.

445
00:21:15,520 --> 00:21:17,920
Speaker 3: A clear plan coming up next.

446
00:21:18,000 --> 00:21:21,560
Speaker 4: Your inbox could be the weakest link in your financial life.

447
00:21:21,880 --> 00:21:23,200
Speaker 3: How to lock that down.

448
00:21:23,520 --> 00:21:26,040
Speaker 4: You're listening to Simply Money presented by all Worth Financial

449
00:21:26,080 --> 00:21:28,600
Speaker 4: on fifty five KRC, the talk station.

450
00:21:30,280 --> 00:21:32,919
Speaker 2: In the morning, we have breaking news coming to you

451
00:21:33,000 --> 00:21:33,920
Speaker 2: live right now.

452
00:21:34,080 --> 00:21:36,760
Speaker 5: On the way home. We have an accident flowing things

453
00:21:36,840 --> 00:21:37,360
Speaker 5: down there.

454
00:21:37,960 --> 00:21:41,600
Speaker 1: When you need us, weird there fifty five KRC, the

455
00:21:41,920 --> 00:21:44,800
Speaker 1: talk station Percie, an iHeartRadio station.

456
00:21:49,080 --> 00:21:51,680
Speaker 4: You're listening to Simply Money presented by all Worth Financial

457
00:21:51,720 --> 00:21:55,119
Speaker 4: on Bob spond Seller along with Brian James. Joined tonight

458
00:21:55,200 --> 00:21:59,240
Speaker 4: by our great friend and cybersecurity and all things tech

459
00:21:59,359 --> 00:22:02,720
Speaker 4: expert had or Dave. Thank you as always for joining

460
00:22:02,840 --> 00:22:05,760
Speaker 4: us tonight. It sounds like Google and I'm going to

461
00:22:05,840 --> 00:22:08,359
Speaker 4: go on a limb here and guess and say, Google's

462
00:22:08,440 --> 00:22:12,879
Speaker 4: Gmail is probably the most popular email you know host

463
00:22:13,000 --> 00:22:15,720
Speaker 4: out there, and they've made a few changes.

464
00:22:15,760 --> 00:22:18,679
Speaker 3: What are those changes, and more importantly, what do we

465
00:22:18,760 --> 00:22:19,919
Speaker 3: need to be doing about it?

466
00:22:20,359 --> 00:22:22,040
Speaker 5: Do I need a new email? Atters, Dave?

467
00:22:24,000 --> 00:22:26,320
Speaker 8: You do, but maybe not for obvious reasons. So it's

468
00:22:26,359 --> 00:22:28,840
Speaker 8: if Gmail is not the most popular, it's certainly in

469
00:22:28,920 --> 00:22:32,160
Speaker 8: the top. And you know, I'll start out by saying

470
00:22:32,480 --> 00:22:35,840
Speaker 8: it's not only Data Privacy Day today, which happens once

471
00:22:35,880 --> 00:22:38,120
Speaker 8: a year on January twenty, It's Day of Privacy Reach.

472
00:22:38,240 --> 00:22:40,480
Speaker 8: So this is a great opportunity for you to be

473
00:22:40,520 --> 00:22:42,840
Speaker 8: thinking about your privacy and your digital footprint and what

474
00:22:42,880 --> 00:22:45,119
Speaker 8: you can do to improve it. And this plays into that.

475
00:22:45,119 --> 00:22:46,879
Speaker 8: And I also just want to throw out there I

476
00:22:46,880 --> 00:22:48,639
Speaker 8: think you guys know I'm not a fan of Google.

477
00:22:48,640 --> 00:22:51,840
Speaker 8: They're not very privacy friendly. Here's a recent headline. Google

478
00:22:51,840 --> 00:22:54,000
Speaker 8: agrees to pay sixty eight million to settle claims that

479
00:22:54,040 --> 00:22:58,360
Speaker 8: it's voice assistant recorded users without consent. Colored me shocked, right.

480
00:22:58,440 --> 00:23:01,000
Speaker 8: And then here's another one, able to pay eight point

481
00:23:01,000 --> 00:23:04,120
Speaker 8: two five million to settle lawsuit alleging children's privacy vileage.

482
00:23:04,600 --> 00:23:07,119
Speaker 8: Now you know those collectives. You add those two up,

483
00:23:07,119 --> 00:23:10,320
Speaker 8: it's chump chains to Google. But my advice to everyone

484
00:23:10,320 --> 00:23:13,000
Speaker 8: out there would be, don't just use the new features

485
00:23:13,000 --> 00:23:16,359
Speaker 8: Gmail rolled out to let you add different email addresses.

486
00:23:16,480 --> 00:23:18,679
Speaker 8: And this Forbes article talks about why you should do this,

487
00:23:18,720 --> 00:23:21,080
Speaker 8: which I'll jump into. My advice would be to get

488
00:23:21,080 --> 00:23:23,160
Speaker 8: off a Gmail all together and find a privacy framing

489
00:23:23,200 --> 00:23:25,800
Speaker 8: platform what proton Mail for your personal stuff, which is

490
00:23:25,840 --> 00:23:29,240
Speaker 8: what I use. But this is good advice whether you're

491
00:23:29,280 --> 00:23:31,280
Speaker 8: on Gmail or whatever else. If you're on an email

492
00:23:31,320 --> 00:23:34,520
Speaker 8: platform that will let you have multiple email addresses. Think

493
00:23:34,560 --> 00:23:37,560
Speaker 8: of them as burner email addresses. Guys. It's a chance

494
00:23:37,600 --> 00:23:40,040
Speaker 8: to sort of clean up your digital footprint because for years,

495
00:23:40,080 --> 00:23:42,879
Speaker 8: everyone has used probably a single, maybe a couple of

496
00:23:42,920 --> 00:23:46,240
Speaker 8: email addresses as a primary digital identifier when they go

497
00:23:46,320 --> 00:23:48,399
Speaker 8: to log in right it becomes part of their creditionals

498
00:23:48,520 --> 00:23:51,840
Speaker 8: or use your name and password. Well, this data gets leaked, breach, stolen.

499
00:23:52,080 --> 00:23:53,800
Speaker 8: I bet both of you, and I bet every one

500
00:23:53,800 --> 00:23:55,680
Speaker 8: of your listeners has gotten at least one letter from

501
00:23:55,680 --> 00:23:57,840
Speaker 8: someone that says, oh, your data has been leaked or stolen.

502
00:23:58,560 --> 00:24:01,240
Speaker 8: You know, this is an opportunity to use multiple different

503
00:24:01,240 --> 00:24:02,919
Speaker 8: email addresses to say, Okay, I'm going to have a

504
00:24:02,960 --> 00:24:05,399
Speaker 8: personal email address and I'm only going to share it

505
00:24:05,400 --> 00:24:06,960
Speaker 8: with people that I trust and want to have it.

506
00:24:07,000 --> 00:24:09,000
Speaker 8: And then I may have one or more other personal

507
00:24:09,040 --> 00:24:11,720
Speaker 8: email addresses that I used to sign up for mail lists,

508
00:24:11,760 --> 00:24:15,160
Speaker 8: I used to log into things. So it trades some separation,

509
00:24:15,320 --> 00:24:17,280
Speaker 8: It gives you better control of your privacy, and frankly,

510
00:24:17,320 --> 00:24:20,359
Speaker 8: that improves your cybersecurity because if you're using the same

511
00:24:20,359 --> 00:24:22,639
Speaker 8: email address over and over and over everywhere all the time,

512
00:24:23,359 --> 00:24:25,840
Speaker 8: once that gets out into a pool of data and

513
00:24:25,880 --> 00:24:28,800
Speaker 8: it will guaranteed. You know, if that's part of your credentials,

514
00:24:28,800 --> 00:24:30,359
Speaker 8: well that's the first thing they need to know to

515
00:24:30,400 --> 00:24:32,280
Speaker 8: get in right, then they just need to gas crack

516
00:24:32,359 --> 00:24:35,280
Speaker 8: or hack your password. An ideal you have MFA turned

517
00:24:35,320 --> 00:24:37,800
Speaker 8: on the block it, but if not, it's just making

518
00:24:37,840 --> 00:24:39,960
Speaker 8: it easy. So you know, Gmails rolled out this new

519
00:24:39,960 --> 00:24:42,280
Speaker 8: capability to do this. If you're going to keep using Gmail,

520
00:24:42,280 --> 00:24:45,000
Speaker 8: you should turn it off, all right.

521
00:24:45,000 --> 00:24:49,680
Speaker 4: Dave, That's great information. It brings up two immediate questions

522
00:24:49,720 --> 00:24:52,480
Speaker 4: for me. Number one, I think you mentioned proton mail

523
00:24:52,600 --> 00:24:53,480
Speaker 4: pro O t.

524
00:24:53,640 --> 00:24:54,680
Speaker 3: O N mail.

525
00:24:55,480 --> 00:24:59,000
Speaker 4: I'm assuming they just have a website proton mail and

526
00:24:59,040 --> 00:24:59,960
Speaker 4: can get started there.

527
00:25:00,080 --> 00:25:01,200
Speaker 3: Is that the right one to use?

528
00:25:02,359 --> 00:25:05,240
Speaker 8: Correct? And when I promote the show and post my mentaut,

529
00:25:05,280 --> 00:25:07,040
Speaker 8: I'll put some stuff back there. I put together a

530
00:25:07,080 --> 00:25:09,840
Speaker 8: list of the personal technology I use that tends to

531
00:25:09,840 --> 00:25:12,680
Speaker 8: be more privacy friendly. But you're exactly right. You can

532
00:25:12,720 --> 00:25:15,760
Speaker 8: just search on proton It's a Switzerland based company. They're

533
00:25:15,800 --> 00:25:18,840
Speaker 8: known for privacy. That's the focus of their organization. They

534
00:25:18,840 --> 00:25:21,760
Speaker 8: have other services to sides email as well. Excuse me, guys,

535
00:25:21,760 --> 00:25:24,879
Speaker 8: but they're not the only player in the game. They

536
00:25:24,960 --> 00:25:26,680
Speaker 8: just happen to be the one that I found first.

537
00:25:26,720 --> 00:25:29,520
Speaker 8: I've been using it for about five years and have

538
00:25:29,640 --> 00:25:31,760
Speaker 8: had really good luck. And again, they're sort of known

539
00:25:31,880 --> 00:25:34,800
Speaker 8: in this space for being privacy friendly. It's the main

540
00:25:34,840 --> 00:25:39,000
Speaker 8: focus of what they do as a technology business, all right.

541
00:25:39,000 --> 00:25:41,240
Speaker 4: And then the follow up question is you know, and

542
00:25:41,320 --> 00:25:44,159
Speaker 4: I'll just I mean, I've used a Gmail account for years.

543
00:25:44,200 --> 00:25:47,160
Speaker 4: So if you want to stop using Gmail and move

544
00:25:47,200 --> 00:25:50,000
Speaker 4: over to a new email address, that's great to me.

545
00:25:50,160 --> 00:25:53,199
Speaker 4: That's step one. How do I get rid of the

546
00:25:53,359 --> 00:25:55,879
Speaker 4: Gmail account? Is there anything I need to do there?

547
00:25:56,240 --> 00:25:59,320
Speaker 4: And is it even possible to kind of wipe the

548
00:25:59,359 --> 00:26:01,520
Speaker 4: slate clean and so to speak of getting all my

549
00:26:02,280 --> 00:26:03,400
Speaker 4: stuff off of Gmail.

550
00:26:04,640 --> 00:26:06,919
Speaker 8: Well, it may be difficult, but at least you can

551
00:26:06,960 --> 00:26:08,520
Speaker 8: put a stake in the ground and stop using it

552
00:26:08,560 --> 00:26:10,560
Speaker 8: going forward. You know the thing that usually trips most

553
00:26:10,560 --> 00:26:12,120
Speaker 8: people up if they've been using it for a while,

554
00:26:12,119 --> 00:26:14,399
Speaker 8: Because I also use Gmail for a long time, and

555
00:26:14,440 --> 00:26:16,680
Speaker 8: I still have an account, but I've got an auto

556
00:26:16,760 --> 00:26:19,240
Speaker 8: responder set up, and when I decided to make the switch,

557
00:26:19,560 --> 00:26:22,040
Speaker 8: if you email my old Gmail account, which I'd probably

558
00:26:22,119 --> 00:26:24,840
Speaker 8: used for fifteen years, it will tell you to email

559
00:26:24,920 --> 00:26:27,040
Speaker 8: me at Proton mail, so one of the things you

560
00:26:27,080 --> 00:26:28,879
Speaker 8: can do, and there are ways to convert stuff, but

561
00:26:29,000 --> 00:26:31,040
Speaker 8: usually people have a lot of contacts, they have stuff

562
00:26:31,040 --> 00:26:33,640
Speaker 8: they want to keep it. It creates friction and disruption

563
00:26:33,720 --> 00:26:36,239
Speaker 8: to make a switch like this, which I understand. If

564
00:26:36,280 --> 00:26:38,679
Speaker 8: you're getting you know, builds from that switch and builds

565
00:26:38,720 --> 00:26:41,679
Speaker 8: and from you know, whatever else you're signed up for

566
00:26:41,760 --> 00:26:43,600
Speaker 8: to that Gmail account, you're going to have to change

567
00:26:43,600 --> 00:26:46,240
Speaker 8: all of that. So again, I get this is probably

568
00:26:46,280 --> 00:26:48,000
Speaker 8: easier said than done for a lot of people, and

569
00:26:48,040 --> 00:26:49,920
Speaker 8: a lot of people once they get into it, they stop,

570
00:26:50,440 --> 00:26:52,840
Speaker 8: but it's really not that hard to do. Again, use

571
00:26:53,520 --> 00:26:56,040
Speaker 8: Data Privacy Week as an option to show, okay, I'm

572
00:26:56,080 --> 00:26:57,840
Speaker 8: just going to bite the bullet. It also might help

573
00:26:57,880 --> 00:27:00,600
Speaker 8: you find when you make the switch and you stop

574
00:27:00,680 --> 00:27:03,040
Speaker 8: monitoring thing, because it might help you find like subscriptions

575
00:27:03,080 --> 00:27:05,240
Speaker 8: you don't care about anymore and save yourself some money.

576
00:27:06,280 --> 00:27:08,680
Speaker 8: But yeah, it's you can just basically go in and

577
00:27:08,880 --> 00:27:11,919
Speaker 8: turn the account off, stop using it. Set up an

578
00:27:11,920 --> 00:27:13,879
Speaker 8: auto responder, you know, which is just the thing that

579
00:27:13,920 --> 00:27:15,879
Speaker 8: said when I get an email, like an out office

580
00:27:15,880 --> 00:27:18,159
Speaker 8: message type of thing, right, it says, I don't use

581
00:27:18,200 --> 00:27:21,679
Speaker 8: this account anymore. Use use this proton Mail or wherever

582
00:27:21,720 --> 00:27:24,439
Speaker 8: you land instead, so it's not that hard to do.

583
00:27:24,480 --> 00:27:26,240
Speaker 8: And I'll fill out. Another thing that Google caused a

584
00:27:26,240 --> 00:27:29,080
Speaker 8: lot of controversy with lately, and this is typical of

585
00:27:29,119 --> 00:27:32,680
Speaker 8: these non privacy filing platforms. They have this AI Gemini

586
00:27:32,800 --> 00:27:35,600
Speaker 8: AI now that they've plugged into your email. Unless you

587
00:27:35,640 --> 00:27:38,000
Speaker 8: go in and opt out, it's automatically scanning all your

588
00:27:38,040 --> 00:27:40,399
Speaker 8: emails and feeding their AI engine with the content of

589
00:27:40,440 --> 00:27:43,199
Speaker 8: your email. Now, as a Gmail user, you can't go

590
00:27:43,240 --> 00:27:45,480
Speaker 8: in and turn that off. I strongly recommend that, and

591
00:27:45,520 --> 00:27:48,040
Speaker 8: I'll post some links for how to do that as well.

592
00:27:48,280 --> 00:27:50,439
Speaker 8: But if you're not using Gmail, then you don't have

593
00:27:50,560 --> 00:27:52,320
Speaker 8: this problem. It's that easy.

594
00:27:52,359 --> 00:27:52,600
Speaker 3: Guys.

595
00:27:53,119 --> 00:27:55,800
Speaker 6: Yeah, Hey David, So I've thought about this a lot lately,

596
00:27:55,840 --> 00:27:58,280
Speaker 6: and actually, as you were talking, I'm thinking about this too.

597
00:27:58,720 --> 00:28:01,000
Speaker 5: It seems terrifying to change an email.

598
00:28:01,000 --> 00:28:02,959
Speaker 6: Oh my gosh, I have to send everybody new and

599
00:28:03,000 --> 00:28:04,359
Speaker 6: everybody has to have my new email.

600
00:28:04,400 --> 00:28:06,359
Speaker 5: Editors then I'm thinking, we'll wait a minute. No, they don't.

601
00:28:06,680 --> 00:28:09,879
Speaker 6: I rarely get anything to my non junk email address

602
00:28:09,880 --> 00:28:12,520
Speaker 6: anymore because people are using you know, I message. We

603
00:28:12,640 --> 00:28:15,720
Speaker 6: use text messaging. Now that now that texting can contain files.

604
00:28:15,720 --> 00:28:19,879
Speaker 6: There's WhatsApp, all these other communication platforms, you know, like WhatsApp, Signal,

605
00:28:19,920 --> 00:28:21,919
Speaker 6: those kinds of things that already have privacy built in

606
00:28:22,000 --> 00:28:24,399
Speaker 6: can function a lot like email. So I'm realizing that

607
00:28:24,440 --> 00:28:26,280
Speaker 6: this is not the major change that I think it's

608
00:28:26,320 --> 00:28:27,800
Speaker 6: going to be. I don't need to go change all

609
00:28:27,840 --> 00:28:30,760
Speaker 6: of my you know, newsletter subscriptions to you know, to

610
00:28:30,840 --> 00:28:32,880
Speaker 6: something else because of this. I'm not really worried about

611
00:28:32,920 --> 00:28:34,640
Speaker 6: that junk of that. Google can do whatever they want

612
00:28:34,680 --> 00:28:36,840
Speaker 6: to do with that. There just isn't that much human

613
00:28:36,880 --> 00:28:39,360
Speaker 6: communication that I care about that goes through email at all. R.

614
00:28:39,400 --> 00:28:42,640
Speaker 4: Yeah, we all know you just don't like people, and

615
00:28:42,640 --> 00:28:45,080
Speaker 4: this is an easy way for you to limit your

616
00:28:45,080 --> 00:28:48,080
Speaker 4: whole sphere. Now, there's only about four people in this world,

617
00:28:48,120 --> 00:28:50,040
Speaker 4: you only you ever want to talk to anyway.

618
00:28:50,160 --> 00:28:51,360
Speaker 3: So this, this is great.

619
00:28:51,480 --> 00:28:54,920
Speaker 6: This is there's auto respond in your desired world, there's

620
00:28:55,000 --> 00:28:57,880
Speaker 6: auto delete for emails from Bob spawn Seller. There's many

621
00:28:57,920 --> 00:29:00,560
Speaker 6: tools out there that one can use to control himself.

622
00:29:01,560 --> 00:29:04,440
Speaker 4: All right, Well, hey, any final thoughts on this topic, Dave,

623
00:29:04,520 --> 00:29:06,840
Speaker 4: any anything else you wanted to share with us tonight

624
00:29:06,960 --> 00:29:08,320
Speaker 4: on what did you call it?

625
00:29:08,480 --> 00:29:10,640
Speaker 3: Data Protection Week or.

626
00:29:10,680 --> 00:29:15,280
Speaker 8: Data Privacy Week and again is actual Privacy Day. Today

627
00:29:15,360 --> 00:29:17,800
Speaker 8: is the day of Data Privacy Week. This happens every

628
00:29:17,880 --> 00:29:18,680
Speaker 8: year during January.

629
00:29:18,720 --> 00:29:21,120
Speaker 9: Again, Data Privacy Day is twenty eight. Yeah, the more

630
00:29:21,160 --> 00:29:23,360
Speaker 9: you can limit your digital clipp but I don't let

631
00:29:23,400 --> 00:29:25,440
Speaker 9: you guys mention what's happened. You see the headline that

632
00:29:25,480 --> 00:29:27,560
Speaker 9: there's now a lawsuit where a whistleblower a legend that

633
00:29:27,640 --> 00:29:29,800
Speaker 9: medic can read all your so called into end encrypted

634
00:29:29,840 --> 00:29:30,720
Speaker 9: messages and what's.

635
00:29:30,520 --> 00:29:33,000
Speaker 8: Happen Again, different topic. We can talk about that all

636
00:29:33,000 --> 00:29:36,600
Speaker 8: other time. But yeah, if the more you limit your.

637
00:29:36,520 --> 00:29:40,640
Speaker 4: Didn't Brian Brian, Brian mentioned Brian mentioned WhatsApp and he's

638
00:29:40,680 --> 00:29:43,360
Speaker 4: implying that it's secure, and now you're telling him it's not.

639
00:29:43,560 --> 00:29:45,680
Speaker 4: So he's going to be all hot and bothered the

640
00:29:45,680 --> 00:29:47,720
Speaker 4: rest of the day. All Right, we got to leave

641
00:29:47,760 --> 00:29:50,680
Speaker 4: it there. Dave, thanks as always for the great advice

642
00:29:50,920 --> 00:29:53,480
Speaker 4: you're listening to Simply Money, presented by all Worth Financial

643
00:29:53,560 --> 00:29:56,560
Speaker 4: on fifty five KRC, the talk station.

644
00:29:57,280 --> 00:29:58,400
Speaker 1: Real Life Advice.

645
00:29:58,560 --> 00:30:00,320
Speaker 2: I asked myself the same question I as you.

646
00:30:00,680 --> 00:30:03,400
Speaker 5: From real life experience, is where do I want to

647
00:30:03,440 --> 00:30:05,040
Speaker 5: be in ten years or twenty years?

648
00:30:05,120 --> 00:30:05,320
Speaker 8: Right?

649
00:30:05,400 --> 00:30:08,400
Speaker 2: The Dave Ramsey Show what will have to be true

650
00:30:09,000 --> 00:30:13,160
Speaker 2: about me that is not true today? Otherwise I would

651
00:30:13,160 --> 00:30:15,640
Speaker 2: already be one of those. What would I need to know?

652
00:30:15,760 --> 00:30:17,400
Speaker 2: And what will the certification is what I need to

653
00:30:17,400 --> 00:30:18,080
Speaker 2: get that I don't have.

654
00:30:18,200 --> 00:30:18,400
Speaker 3: Now.

655
00:30:18,520 --> 00:30:20,560
Speaker 2: You need to talk to actual human beings that are

656
00:30:20,600 --> 00:30:22,360
Speaker 2: doing what it is you want to do.

657
00:30:22,440 --> 00:30:26,560
Speaker 1: Weekdays at seven about fifty five krs the talk station.

658
00:30:28,160 --> 00:30:30,320
Speaker 4: Dear, why do we keep letting thousands of people come

659
00:30:30,360 --> 00:30:31,600
Speaker 4: over and do nothing about it?

660
00:30:31,880 --> 00:30:33,320
Speaker 3: My family's safety is at risk.

661
00:30:33,480 --> 00:30:36,400
Speaker 5: Fifty five KRC the talk station.

662
00:30:40,160 --> 00:30:40,800
Speaker 3: You're listening to.

663
00:30:40,800 --> 00:30:43,200
Speaker 4: Simply Money is thated by all Worth Financial. I'm Bob

664
00:30:43,280 --> 00:30:46,760
Speaker 4: Sponsller along with Brian James. You have a financial question

665
00:30:46,960 --> 00:30:49,240
Speaker 4: you'd like for us to answer. There's a red button

666
00:30:49,280 --> 00:30:51,560
Speaker 4: you can click while you're listening to the show. If

667
00:30:51,560 --> 00:30:54,680
Speaker 4: you're listening on the iHeart app, simply record your question

668
00:30:55,360 --> 00:30:58,680
Speaker 4: and it does come straight to us. Always, it does, Brian, Always,

669
00:30:58,680 --> 00:30:59,600
Speaker 4: it comes straight to us.

670
00:30:59,640 --> 00:31:02,640
Speaker 3: All right? Speaking of that, Dan in Blue Ash leads

671
00:31:02,720 --> 00:31:03,400
Speaker 3: us off tonight.

672
00:31:03,840 --> 00:31:06,640
Speaker 4: He says, we budgeted sixty five hundred dollars a month

673
00:31:06,680 --> 00:31:10,040
Speaker 4: for retirement, but some months are five thousand and the

674
00:31:10,080 --> 00:31:12,960
Speaker 4: others are more like nine thousand. How do we create

675
00:31:13,080 --> 00:31:17,800
Speaker 4: a structured plan or withdrawal strategy so that variability doesn't

676
00:31:17,840 --> 00:31:19,520
Speaker 4: create tax problems.

677
00:31:20,200 --> 00:31:22,600
Speaker 6: Well, I think of this as a cash flow problem

678
00:31:22,720 --> 00:31:25,920
Speaker 6: first and a tax problem second. The reason the reason

679
00:31:26,000 --> 00:31:27,520
Speaker 6: I say, is because we don't want the you know,

680
00:31:27,760 --> 00:31:30,960
Speaker 6: we don't want to the taxes to wag the dog here.

681
00:31:31,120 --> 00:31:32,320
Speaker 5: You got to live your life the way you're going

682
00:31:32,400 --> 00:31:33,040
Speaker 5: to live your life.

683
00:31:33,480 --> 00:31:35,920
Speaker 6: And I don't really know anybody that wants to sacrifice

684
00:31:35,920 --> 00:31:39,560
Speaker 6: their lifestyle to control their taxes. So first off, separate

685
00:31:39,600 --> 00:31:42,280
Speaker 6: what you spend from where it comes from. Don't pull

686
00:31:42,280 --> 00:31:46,080
Speaker 6: money directly from investments every month. Instead, maybe run spending

687
00:31:46,080 --> 00:31:50,280
Speaker 6: through a checking account that you're feeding from a smooth transfer,

688
00:31:50,360 --> 00:31:52,640
Speaker 6: say sixty five hundred dollars every month on the first

689
00:31:52,640 --> 00:31:54,760
Speaker 6: of the month, fifteen of the month, whatever works in

690
00:31:54,800 --> 00:31:57,680
Speaker 6: your brain, and that way, the portfolio doesn't care that

691
00:31:57,760 --> 00:31:59,920
Speaker 6: one month was was only five thousand dollars worth of

692
00:32:00,240 --> 00:32:02,440
Speaker 6: in the next was nine thousand. You're going to absorb

693
00:32:02,480 --> 00:32:04,480
Speaker 6: that volatility in cash, and you should have a good

694
00:32:04,480 --> 00:32:06,840
Speaker 6: pile of cash in the checking account anyway to serve

695
00:32:06,840 --> 00:32:09,640
Speaker 6: as your emergency fund. And they can also absorb those

696
00:32:09,920 --> 00:32:11,920
Speaker 6: ups and downs some months it's going to dip below

697
00:32:11,960 --> 00:32:14,800
Speaker 6: whatever your stated emergency fund amount is, and some ones

698
00:32:14,840 --> 00:32:17,120
Speaker 6: it's going to go above. But that's a good way

699
00:32:17,160 --> 00:32:19,640
Speaker 6: to just build the shock absorber in there and do

700
00:32:19,760 --> 00:32:22,680
Speaker 6: those withdrawals on a schedule, not reactively. That's going to

701
00:32:22,760 --> 00:32:25,200
Speaker 6: drive you nuts, right, Don't just run the credit card

702
00:32:25,280 --> 00:32:26,920
Speaker 6: up and then go take the money out. If there

703
00:32:27,280 --> 00:32:29,480
Speaker 6: is an average number out there that you can rely on,

704
00:32:29,560 --> 00:32:31,400
Speaker 6: if you look over the last twenty four months of

705
00:32:31,760 --> 00:32:34,400
Speaker 6: living expenses and those kinds of things, and you might

706
00:32:34,520 --> 00:32:36,960
Speaker 6: just refill that cash bucket once or twice a year.

707
00:32:37,120 --> 00:32:38,640
Speaker 6: This is something that Bob and I have been talking

708
00:32:38,640 --> 00:32:40,800
Speaker 6: about a lot. With the market at a peak, look

709
00:32:40,880 --> 00:32:43,200
Speaker 6: at what you've got coming up that you know the

710
00:32:43,200 --> 00:32:44,600
Speaker 6: money is going to come out for, and take it

711
00:32:44,640 --> 00:32:47,640
Speaker 6: out and set it aside. So again, I think be

712
00:32:47,760 --> 00:32:51,000
Speaker 6: willing to let go of the idea that it's ever

713
00:32:51,040 --> 00:32:53,760
Speaker 6: going to match up perfectly. It won't, but those ups

714
00:32:53,760 --> 00:32:55,760
Speaker 6: and downs and spending can come out in the wash

715
00:32:55,760 --> 00:32:58,200
Speaker 6: when you've got a pile of cash acting as a buffer.

716
00:32:58,920 --> 00:33:01,600
Speaker 6: Andy and Villa Hill's Andy says they're paying fourteen hundred

717
00:33:01,600 --> 00:33:04,000
Speaker 6: bucks a month for pre Medicare health care, so they're

718
00:33:04,040 --> 00:33:06,440
Speaker 6: not sixty five. Yet we know that he's wanting to

719
00:33:06,480 --> 00:33:08,760
Speaker 6: know if that they should pull more from investments to

720
00:33:08,800 --> 00:33:11,200
Speaker 6: cover it or cut spending somewhere else in order to

721
00:33:11,240 --> 00:33:14,520
Speaker 6: keep the income lower. There's a lot of moving parsons

722
00:33:14,520 --> 00:33:16,040
Speaker 6: and not a lot of information in that one.

723
00:33:16,440 --> 00:33:19,360
Speaker 4: No, and I'm just going to presume that Andy, either

724
00:33:19,400 --> 00:33:24,040
Speaker 4: you or your spouse decided to retire you know, pre medicare,

725
00:33:24,080 --> 00:33:26,720
Speaker 4: and you're no longer on employer insurance. And I'll just

726
00:33:26,760 --> 00:33:29,440
Speaker 4: start with a blanket statement. I mean, twenty twenty six

727
00:33:29,480 --> 00:33:33,640
Speaker 4: health insurance costs. It is a sticker shock for everybody.

728
00:33:34,720 --> 00:33:38,280
Speaker 4: Premiums have really gone up across the board. So you know,

729
00:33:38,360 --> 00:33:40,400
Speaker 4: I'll put it out there for those that are thinking

730
00:33:40,440 --> 00:33:43,800
Speaker 4: about retiring, you want to take a look at what

731
00:33:43,880 --> 00:33:45,840
Speaker 4: your out of pocket health care costs are going to

732
00:33:45,840 --> 00:33:47,400
Speaker 4: be if you have to go out and self ensure

733
00:33:47,880 --> 00:33:51,640
Speaker 4: prior to pulling that decision or making that decision to

734
00:33:51,680 --> 00:33:55,360
Speaker 4: disengage from you know, health insurance provided by your employer.

735
00:33:55,400 --> 00:33:59,240
Speaker 4: But to answer Andy's question, yet, you got to pay

736
00:33:59,280 --> 00:34:01,120
Speaker 4: for it, I mean forteen hundred dollars a month.

737
00:34:01,200 --> 00:34:02,840
Speaker 3: It is what it is. That's pretty much.

738
00:34:02,720 --> 00:34:06,560
Speaker 4: What it costs in terms of how to pay for it.

739
00:34:06,680 --> 00:34:08,640
Speaker 4: You know, as Brian said, there's a lot of levers

740
00:34:08,640 --> 00:34:11,759
Speaker 4: to pull here. Some can impact taxation and might even

741
00:34:11,840 --> 00:34:17,160
Speaker 4: impact your IRMA or medicare cost once you do hit medicare,

742
00:34:17,239 --> 00:34:19,520
Speaker 4: So you want to be careful where you pull that

743
00:34:19,640 --> 00:34:23,120
Speaker 4: money from. If you're pulling it all from iras or

744
00:34:23,160 --> 00:34:26,080
Speaker 4: things that are just going to really drive up taxable income,

745
00:34:26,400 --> 00:34:28,279
Speaker 4: that could come back to bite you, you know, a

746
00:34:28,320 --> 00:34:31,040
Speaker 4: few years from now. So my advice would be to

747
00:34:31,120 --> 00:34:34,800
Speaker 4: sit down with a good fiduciary advisor, run some numbers

748
00:34:35,080 --> 00:34:37,520
Speaker 4: and take a look at the most tax efficient way

749
00:34:37,560 --> 00:34:39,800
Speaker 4: to come up with this fourteen hundred dollars a month.

750
00:34:40,360 --> 00:34:41,960
Speaker 3: Or you can combine that.

751
00:34:42,000 --> 00:34:44,960
Speaker 4: Strategy to your point, hey, in the short term, if

752
00:34:45,000 --> 00:34:47,920
Speaker 4: there's some ways to cut back on spending elsewhere in

753
00:34:47,960 --> 00:34:50,920
Speaker 4: your budget in that short term period to get you

754
00:34:51,000 --> 00:34:56,319
Speaker 4: to medicare, dovetailing that with a tax effective withdrawal strategy,

755
00:34:56,640 --> 00:34:59,759
Speaker 4: we'll hopefully get you there, all right, Paul In Montgomery says,

756
00:34:59,800 --> 00:35:03,759
Speaker 4: work considering converting seventy five thousand dollars a year to

757
00:35:03,840 --> 00:35:06,239
Speaker 4: our wroth irase for the next five years, how do

758
00:35:06,280 --> 00:35:08,960
Speaker 4: we know if that's the right amount versus.

759
00:35:08,680 --> 00:35:11,480
Speaker 3: Pushing too much income into one year.

760
00:35:11,640 --> 00:35:14,840
Speaker 4: Brian, this is kind of a different way of asking

761
00:35:14,880 --> 00:35:16,400
Speaker 4: the same question we just covered.

762
00:35:17,080 --> 00:35:18,759
Speaker 6: Yeah, I think the answer may be less about the

763
00:35:18,800 --> 00:35:21,960
Speaker 6: wroth itself and more about what dollars you're displacing it.

764
00:35:22,120 --> 00:35:24,280
Speaker 6: This is a classic how full is the tax bucket?

765
00:35:24,360 --> 00:35:24,640
Speaker 5: Question?

766
00:35:24,760 --> 00:35:27,560
Speaker 6: So so first off, figure out what your target marginal

767
00:35:27,600 --> 00:35:30,040
Speaker 6: bracket is. Don't don't worry about how much can we convert.

768
00:35:30,239 --> 00:35:32,759
Speaker 6: Figure out what's the highest marginal rate we're willing to

769
00:35:32,760 --> 00:35:35,239
Speaker 6: lock in today. This is a philosophical question for a

770
00:35:35,280 --> 00:35:38,200
Speaker 6: lot of investors, a lot of retirees. That's that's often

771
00:35:38,200 --> 00:35:41,560
Speaker 6: the twenty two percent bracket, because most are in the

772
00:35:41,640 --> 00:35:43,279
Speaker 6: range of that anyway, and there's a little bit of

773
00:35:43,360 --> 00:35:46,319
Speaker 6: a headroom there above it. Sometimes twenty four percent with

774
00:35:46,600 --> 00:35:48,320
Speaker 6: that can get you close to for a married couple,

775
00:35:48,360 --> 00:35:51,760
Speaker 6: close to four hundred thousand dollars in income, and that's

776
00:35:51,920 --> 00:35:55,800
Speaker 6: that definitely attractive if future rmds or something you're worried about,

777
00:35:56,280 --> 00:35:58,319
Speaker 6: you know, beyond that, and then from twenty four you

778
00:35:58,360 --> 00:36:00,200
Speaker 6: go to thirty two percent. I don't know many people

779
00:36:00,200 --> 00:36:02,840
Speaker 6: that want to purposely cause another eight percent of taxation,

780
00:36:03,520 --> 00:36:06,040
Speaker 6: you know, just to do these roth conversions. So twenty

781
00:36:06,120 --> 00:36:08,319
Speaker 6: four is really the ceiling we ever hear about. Then

782
00:36:08,360 --> 00:36:10,319
Speaker 6: the next step there is make it. Make a pro

783
00:36:10,400 --> 00:36:12,200
Speaker 6: form a tax return. See what it's going to look like.

784
00:36:13,000 --> 00:36:15,399
Speaker 6: Take your last year's return and strip out any one

785
00:36:15,440 --> 00:36:17,960
Speaker 6: time income that only happened last year, Add in the

786
00:36:18,040 --> 00:36:20,800
Speaker 6: respect the expected retirement cash flow that you know is

787
00:36:20,840 --> 00:36:23,000
Speaker 6: going to happen anyway, and then throw on a seventy

788
00:36:23,000 --> 00:36:25,600
Speaker 6: five thousand dollars conversion. See what falls out at the bottom.

789
00:36:25,600 --> 00:36:28,080
Speaker 6: There are online tools for this that will tell you.

790
00:36:28,480 --> 00:36:30,600
Speaker 6: That will that will tell you a couple things. What

791
00:36:30,600 --> 00:36:33,000
Speaker 6: bracket you're going to hit, are you risking irma search

792
00:36:33,080 --> 00:36:35,800
Speaker 6: charges on your Medicare premium, and then of course compare

793
00:36:35,840 --> 00:36:38,279
Speaker 6: that against the future tax you're avoiding. Look ahead to

794
00:36:38,320 --> 00:36:41,680
Speaker 6: age seventy five, and you know what rmds might kick in.

795
00:36:41,800 --> 00:36:43,680
Speaker 6: So a lot of numbers, a lot of math to

796
00:36:43,719 --> 00:36:45,240
Speaker 6: do this, But if you really want to get Understan,

797
00:36:45,200 --> 00:36:47,160
Speaker 6: you have to understand the impact now, but the impact

798
00:36:47,280 --> 00:36:48,120
Speaker 6: later as well.

799
00:36:48,719 --> 00:36:51,560
Speaker 4: All right, coming up next, Brian has his bottom line,

800
00:36:51,680 --> 00:36:53,719
Speaker 4: and to be honest, I have no idea what he's

801
00:36:53,760 --> 00:36:56,080
Speaker 4: going to talk about because he did not let me know.

802
00:36:56,160 --> 00:36:59,680
Speaker 4: But I'm sure it will be absolutely riveting. You're listening

803
00:36:59,719 --> 00:37:02,200
Speaker 4: to some Money presented by all Worth Financial on fifty

804
00:37:02,200 --> 00:37:04,240
Speaker 4: five KRC the talk station.

805
00:37:05,200 --> 00:37:07,480
Speaker 7: Ice officers were out in enforcement action.

806
00:37:07,440 --> 00:37:10,120
Speaker 4: An agent recklessly using.

807
00:37:09,920 --> 00:37:13,040
Speaker 1: Powers, not just scrolling through the events of the day.

808
00:37:13,160 --> 00:37:16,239
Speaker 3: The United States government has already begun marketing Venezuelan crude

809
00:37:16,239 --> 00:37:17,400
Speaker 3: oil healthcare costs.

810
00:37:17,400 --> 00:37:18,799
Speaker 2: If we don't win the midterms.

811
00:37:19,320 --> 00:37:19,680
Speaker 3: Check in.

812
00:37:19,960 --> 00:37:22,200
Speaker 4: People are gonna want to hear They want to hear

813
00:37:22,239 --> 00:37:23,799
Speaker 4: this message for the information.

814
00:37:23,920 --> 00:37:27,040
Speaker 1: We'll give you more information as it is revealed.

815
00:37:26,760 --> 00:37:28,160
Speaker 5: And the conversation.

816
00:37:28,360 --> 00:37:29,680
Speaker 1: I am so confused.

817
00:37:29,800 --> 00:37:30,759
Speaker 6: I'm hereful.

818
00:37:30,920 --> 00:37:32,280
Speaker 8: That's what's going on here in America.

819
00:37:32,440 --> 00:37:35,240
Speaker 1: On fifty five KRS the talk station.

820
00:37:35,640 --> 00:37:37,520
Speaker 3: Hi, Brian Thomas here with Steve from US.

821
00:37:37,719 --> 00:37:39,560
Speaker 4: I am so worried that next month I have to

822
00:37:39,600 --> 00:37:42,479
Speaker 4: choose between groceries for my kids or gas for my car.

823
00:37:42,719 --> 00:37:46,200
Speaker 1: Talk about it here fifty five KRC, the talk station.

824
00:37:50,360 --> 00:37:52,880
Speaker 4: You're listening to simply Money, presented by all Worth Financial

825
00:37:52,880 --> 00:37:55,800
Speaker 4: on Bob Sponseller along with Brian James. And it's time

826
00:37:55,840 --> 00:37:59,359
Speaker 4: for Brian's bottom line. Brian has some good advice for

827
00:37:59,440 --> 00:38:02,560
Speaker 4: us tonight. Here is you know the seas are fairly

828
00:38:02,680 --> 00:38:05,600
Speaker 4: calm right now, and here's some things you could be

829
00:38:05,680 --> 00:38:11,040
Speaker 4: doing before those you know, inevitable storm clouds eventually roll in.

830
00:38:11,080 --> 00:38:12,640
Speaker 4: So what do you have for us tonight, Brian?

831
00:38:12,800 --> 00:38:14,120
Speaker 6: Yeah, A lot of these are going to sound a

832
00:38:14,160 --> 00:38:16,719
Speaker 6: little bit like New Year's resolutions. And I like to

833
00:38:16,800 --> 00:38:19,320
Speaker 6: ignore the first couple weeks of January because nobody sticks

834
00:38:19,320 --> 00:38:20,880
Speaker 6: to that stuff anyway. But we do get a lot

835
00:38:20,920 --> 00:38:23,120
Speaker 6: of people who will say, I'm here's the seventeen things

836
00:38:23,120 --> 00:38:25,239
Speaker 6: that I'm going to fix about my finances, and then

837
00:38:25,280 --> 00:38:27,600
Speaker 6: that quickly falls on its face and we walk away

838
00:38:27,600 --> 00:38:29,279
Speaker 6: from it, just like when of the days I used

839
00:38:29,280 --> 00:38:30,799
Speaker 6: to say I'm gonna eat better. Well, that doesn't happen

840
00:38:30,800 --> 00:38:33,920
Speaker 6: to eat so anyway. But we can boil down to

841
00:38:34,760 --> 00:38:37,680
Speaker 6: at a relatively quiet period in the economy, in the

842
00:38:37,680 --> 00:38:40,839
Speaker 6: markets knocking furiously on wood here, Inflation has cooled but

843
00:38:40,880 --> 00:38:44,040
Speaker 6: not disappeared. Interest rates are off their peak, but lenders

844
00:38:44,120 --> 00:38:47,040
Speaker 6: haven't fully repriced things yet. Lots of consumers are still

845
00:38:47,080 --> 00:38:49,840
Speaker 6: operating off of twenty three twenty four assumptions that no

846
00:38:49,920 --> 00:38:53,360
Speaker 6: longer apply because the numbers have changed, not drastically, so

847
00:38:53,400 --> 00:38:56,040
Speaker 6: it hasn't really gotten everybody's attention. But there is a

848
00:38:56,080 --> 00:38:58,439
Speaker 6: short window here where people can ask to get better

849
00:38:58,520 --> 00:38:59,719
Speaker 6: terms on debt and things like that.

850
00:38:59,760 --> 00:39:03,239
Speaker 5: So here's what you might think about with regard to

851
00:39:03,280 --> 00:39:03,920
Speaker 5: credit cards.

852
00:39:04,200 --> 00:39:06,920
Speaker 6: A lot of credit cards have been quietly increasing aprs

853
00:39:06,960 --> 00:39:09,680
Speaker 6: over the last two years. That's that interest rate price

854
00:39:09,680 --> 00:39:12,520
Speaker 6: that you pay when you forget that your zero percent

855
00:39:12,640 --> 00:39:15,879
Speaker 6: your period expired, and now they're charging you twenty eight

856
00:39:15,880 --> 00:39:18,680
Speaker 6: percent something like that. Yes, there are rumblings coming out

857
00:39:18,680 --> 00:39:20,160
Speaker 6: of the White House that they're going to limit it

858
00:39:20,200 --> 00:39:22,680
Speaker 6: to ten percent, but there are also rumblings coming back

859
00:39:22,680 --> 00:39:24,839
Speaker 6: from the credit card industry who really doesn't like that.

860
00:39:25,560 --> 00:39:27,160
Speaker 6: So we'll see if anything comes out of that. But

861
00:39:27,200 --> 00:39:29,359
Speaker 6: that doesn't mean you can't pick up the phone, call

862
00:39:29,440 --> 00:39:31,120
Speaker 6: that eight hundred number on the back of your credit

863
00:39:31,120 --> 00:39:33,080
Speaker 6: card and just ask for a better rate.

864
00:39:33,560 --> 00:39:34,520
Speaker 5: They want to keep that.

865
00:39:34,600 --> 00:39:37,560
Speaker 6: The credit card companies are very very well aware that

866
00:39:37,600 --> 00:39:39,400
Speaker 6: you're getting if you've got good credit, and they know

867
00:39:39,440 --> 00:39:41,360
Speaker 6: exactly what your credit score is. If you're a person

868
00:39:41,400 --> 00:39:44,399
Speaker 6: with good credit, then you're getting your mailbox stuffed full

869
00:39:44,440 --> 00:39:47,480
Speaker 6: of zero percent balance transfer offers every single day. So

870
00:39:47,520 --> 00:39:49,440
Speaker 6: they're not going to hesitate too much to give you

871
00:39:49,480 --> 00:39:51,440
Speaker 6: a better deal. If you have to have a rotating

872
00:39:51,480 --> 00:39:53,920
Speaker 6: balance out there, Obviously, best thing to do is pay

873
00:39:53,920 --> 00:39:55,880
Speaker 6: it off as soon as you can, but there's nothing

874
00:39:55,880 --> 00:39:58,480
Speaker 6: wrong with taking advantage of those balance transfer offers. You

875
00:39:58,520 --> 00:40:01,439
Speaker 6: are not being an irresponsible person by moving it from

876
00:40:01,520 --> 00:40:04,560
Speaker 6: one zero percent card to another to take advantage of

877
00:40:04,600 --> 00:40:07,560
Speaker 6: those offers while they exist, just as long as you're

878
00:40:07,600 --> 00:40:09,680
Speaker 6: paying the principle down. Don't do it forever because it's

879
00:40:09,680 --> 00:40:12,080
Speaker 6: going to come back and bite you. Auto loans dealers

880
00:40:12,080 --> 00:40:15,360
Speaker 6: are starting to advertise incentives again. Credit unions are getting

881
00:40:15,400 --> 00:40:18,880
Speaker 6: more aggressive on refinances. Don't forget them, call them and

882
00:40:18,400 --> 00:40:21,640
Speaker 6: get a rate to even a one percent drop on

883
00:40:21,680 --> 00:40:24,200
Speaker 6: a newer car loan can mean thousands of dollars because

884
00:40:24,200 --> 00:40:27,120
Speaker 6: think about what cars cost these days. You can also

885
00:40:27,160 --> 00:40:29,759
Speaker 6: do the same with your insurance, so make sure your

886
00:40:29,800 --> 00:40:31,920
Speaker 6: your home and auto insurance. This is something we ignore

887
00:40:31,960 --> 00:40:33,840
Speaker 6: because we usually don't need it. We just pay the

888
00:40:33,840 --> 00:40:35,759
Speaker 6: bill every year and hope the house doesn't burn down.

889
00:40:36,239 --> 00:40:39,680
Speaker 6: But now you can get bundling. Discounts are starting to

890
00:40:39,680 --> 00:40:41,960
Speaker 6: appear again as competition is kind of heating up a

891
00:40:41,960 --> 00:40:45,319
Speaker 6: little bit. Deductible trade offs actually make some sense again,

892
00:40:45,360 --> 00:40:47,239
Speaker 6: so figure out what you could afford to eat if

893
00:40:47,239 --> 00:40:49,799
Speaker 6: something goes sideways on you. Lots of things you can

894
00:40:49,840 --> 00:40:52,560
Speaker 6: shift if you need to. This can be a good

895
00:40:53,160 --> 00:40:55,279
Speaker 6: time while it's cold outside to just pick one of

896
00:40:55,320 --> 00:40:57,400
Speaker 6: these accounts, pick one thing that I said, and go

897
00:40:57,480 --> 00:40:59,680
Speaker 6: chase it this week and see you can save yourself

898
00:40:59,719 --> 00:41:00,000
Speaker 6: some money.

899
00:41:00,960 --> 00:41:02,879
Speaker 4: Yeah, Brian, I thought on a snow day I could

900
00:41:02,960 --> 00:41:05,359
Speaker 4: just curl up on the couch and watch Netflix. Now

901
00:41:05,360 --> 00:41:07,080
Speaker 4: you're giving me a bunch of homework to do, but

902
00:41:07,120 --> 00:41:10,399
Speaker 4: that's great advice. As always, thanks for listening tonight. You've

903
00:41:10,400 --> 00:41:13,160
Speaker 4: been listening to Simply Money, presented by all Worth Financial

904
00:41:13,400 --> 00:41:15,959
Speaker 4: on fifty five KRC the Talk Station.

905
00:41:17,120 --> 00:41:21,000
Speaker 2: There's so many stories, so little time, So let's get

906
00:41:21,040 --> 00:41:23,839
Speaker 2: going and get the important events of the day.

907
00:41:24,120 --> 00:41:24,960
Speaker 5: This sounds important.

908
00:41:25,000 --> 00:41:26,600
Speaker 3: It's a place called Greenland.

909
00:41:26,640 --> 00:41:27,879
Speaker 1: We have the framework of a deal.

910
00:41:28,040 --> 00:41:31,400
Speaker 2: Ice has been wreaking havoc on our community when you

911
00:41:31,560 --> 00:41:33,000
Speaker 2: check in the Board of Peace.

912
00:41:33,080 --> 00:41:35,719
Speaker 9: This vision for the future of Gospel finished is war

913
00:41:35,840 --> 00:41:38,040
Speaker 9: against throughout.

914
00:41:37,640 --> 00:41:40,360
Speaker 3: The day tracking this winter story dealing with power outages.

915
00:41:40,440 --> 00:41:42,800
Speaker 9: We hope we have a good decision from the Supreme Court.

916
00:41:42,840 --> 00:41:44,000
Speaker 3: There's a lot to discuss.

917
00:41:44,120 --> 00:41:46,640
Speaker 1: Fifty five KRC the Talk Station.

918
00:41:47,600 --> 00:41:49,120
Speaker 3: This President's Day, Pure Talk is