Okay, Boomer

Mistakes We Made

SPEAKER_00 0:05

Your guns to a really great financial future. Tom and Don are talking real money.

SPEAKER_02 0:12

Okay, boomer. Yeah, I know. You millennials, you don't want to be like us. And then the younger ones forget about them. Boomers, they messed everything up. They destroyed the world. Yes, yes, we admit it. As we're about to leave this uh mortal coil, we will finally admit, yes, it's all our fault. We made all the mistakes, and we're gonna share those with you so you don't make the same mistakes. And since this is a show about money and retirement and planning for that thing, I guess we should probably share with you those. My goodness, they're huge mistakes that us dumb boomers made. Hi, everybody, I'm Don McDonald. That guy over there, a mere 3,000 miles away from me, sitting right in front of me, somehow, is Tom Cock. And you're listening to Talking Real Money the podcast. So let's talk about the mistakes, Tom. What did we do wrong this time? First, I just want to say we had fun doing it.

Family Dynamics and Money

SPEAKER_01 1:11

Uh if that makes you feel any better. Is that with you guys? Look at what we're leaving you, you know, tr piles of debt, the the ecological disaster, all those things. But it it was fun to get here. Global warming, that's us. Oh, yeah. Okay, a little thing we throw in on. This is a fascinating topic because we've, as we've discussed ad nauseum, families and money, for one thing, not easy. Uh children and adult, adult children and very adult parents to discuss money even harder. Um but there's about six out of ten people who are retired say they have regrets about how they saved for retirement, how much they were contributed, how they all yeah, okay. I have regrets about that. I wish I started retirement.

SPEAKER_02 1:56

I'm upset that I didn't start saving for retirement at twenty three, twenty-two, but I was young and I was stupid. Trevor Burrus, Jr.

SPEAKER_01 2:05

Yeah. There were better things to spend the money on, like destroying the environment, like all the things we just discussed. I'm kidding. Um but but they asked people, okay, what are you going to try to do better than your parents? And there was some discussion between younger people. But this is the same thing. Where did you read this? This was in uh Kiplinger, I believe.

SPEAKER_02 2:24

Oh, you're yes, you you and Kiplinger.

Retirement Preparedness

SPEAKER_01 2:26

Well, you know, good night Kiplinger was a pal on the TV show, all that. So um most of this result revolves around this topic that that that I will never give up because I don't think we can ever say it again, and that is kind of retirement preparedness. Making sure that you're actually ready to pull the trigger, not just saying, I'm tired of work, I don't feel like getting up tomorrow. Um and still, according to Vanguard, I looked this up, about 40% uh of boomers say they're retirement ready. That they've actually done all the planning necessary, right? That they've actually sat down. 40. Pretty small number of boomers? Yeah. Wait a minute. Aren't we already old? They're kind of most of them, us, are fairly old and should probably have Wow, okay.

SPEAKER_02 3:11

Well, there's one. That's a big mistake.

SPEAKER_01 3:13

Yeah, not having the plan. All right, we talk about this. It's not retirement, it isn't the end either, by the way. It's a beginning of a new phase of your life. So you better have a plan around, sure, the money. No, it's not. It's not a beginning. Okay.

SPEAKER_02 3:27

Okay, let me explain something to you. Please. This is how we're fooling ourselves, okay? Okay. It is the third act, man. No, it's the fourth quarter, and it's the last two-minute warning. Two-minute warning.

SPEAKER_01 3:40

Well, there's a lot of exciting things can happen.

SPEAKER_02 3:42

This is the last drive. There's little or no chance it's going to change the game right now.

SPEAKER_01 3:48

So fair enough. We don't we don't have to.

SPEAKER_02 3:50

I hope we go in with our timeouts.

SPEAKER_01 3:52

We don't we don't have one of those really great quarterbacks who can make a turn things around in the last two minutes. No.

SPEAKER_02 3:57

Did you look at the two of us recently play sports?

SPEAKER_01 3:59

No quarterbacks there.

SPEAKER_02 4:01

You're not a quarterback.

SPEAKER_01 4:02

Fair enough. So part one is um they didn't save it. Okay, that's but the bigger one is they didn't have a plan. They didn't have they're not ready because they didn't sit down and run the numbers. Part of which is um Social Security. That's one where pretty clearly we can say a lot of mistakes are being made. It's according to Northwestern Mutual, a third of boomers plan to claim Social Security benefits at age 62. It's still only 10 percent that wait until age 70.

Social Security Strategy

SPEAKER_02 4:32

I Okay. A third are going to take it at age 62? Is that a third of those that are left below 62? A third of boomers. What does the boomer period doesn't that end in 1960? 64, I think. Oh, so there still are some Yeah.

SPEAKER_01 4:50

There's still some.

SPEAKER_02 4:52

No, there are like 12 boomers that are under 62.

SPEAKER_01 4:55

Yep.

SPEAKER_02 4:55

Uh you guys wait till 70 now. I mean, what's the at this point?

SPEAKER_01 5:00

I don't want to because I'm not gonna get my money. The government's going out of business.

SPEAKER_02 5:03

Right. The government's going the government's gonna shut down. That's always the reason. It's been by the way, again, watching, rewatching the West Wing. Uh in 2000, they were talking about how Social Security was gonna run out of money. That was I'm thinking 26 years ago.

SPEAKER_01 5:20

Yeah.

SPEAKER_02 5:21

Roughly.

SPEAKER_01 5:22

Quarter of a century or something. Yeah, something like that. Yeah. So um this is this is a huge problem. Uh what we just discussed about Social Security, that's only the discussion you ever hear about it. It's gonna run out of money. Never, hey, should you have a strategy about when to do this? And should your spouse have a strategy? Yeah, you should. This should be well thought out, well planned, and not just it would be great to have that money tomorrow, wouldn't it?

SPEAKER_02 5:48

Well, it's always great to have that extra money tomorrow, but if it's a lot extra for waiting just a few more years, then you know here's the thing. Think about okay, this is for all the boomers, not the millennials. Have you noticed how time passes very quickly when you get into the fourth final two minutes of the fourth quarter? It's like, wow. It passes quickly in every way but politically. Um that's where I'm gonna end that one.

SPEAKER_01 6:19

Right off the edge there. Uh as you I really I think the quote of the day so far has been I hope we have our timeouts.

SPEAKER_02 6:25

I really like it. But what was the point I was making? Oh, um that if you sick 62 or 63 or 64 or 65 versus 67 or 70 is not gonna make it's not gonna feel like that long. No because the game is wrapping up, folks.

SPEAKER_01 6:44

Timeouts are not. So okay, but just to put the bow back on the top, tie this up nicely. Okay, but no, all kidding is.

SPEAKER_02 6:52

Put the bow back on the constrictor.

SPEAKER_01 6:54

I wish I would swallow one of those. Here's the thing eight percent a year, eight percent is there anything else other than some annuity some person has tried to sell you that's gonna guarantee you eight percent a year more?

SPEAKER_02 7:08

No, I don't know of one. Don't make me do the annuity thing. I'm sure. Why do you set me up like that?

SPEAKER_01 7:14

Because we're in the last year.

SPEAKER_02 7:15

Nobody's giving you eight percent guaranteed, period. It ain't happening. It's a lie. Yeah. It's not an eight percent return on your money. That's a lie.

SPEAKER_01 7:24

Eight percent of your money, maybe. Yeah, or a big part of it. So please strategize about Social Security. Please sit down and please consider others in your life. Because I've seen the higher earner take it early too, not thinking I'm likely to die first, and the person I'm leaving behind is gonna get a smaller benefit. That should be considered very clear.

Seeking Professional Help

SPEAKER_02 7:42

Well, and that's one of the really big ones. The higher earner waiting is so critical because generally not always, but generally the higher earner has been in baby boomer days the male, and uh women kill us off sooner. So the the What's for dinner tonight? If you want your I'm cooking. No, actually, I'm taking my wife out. So anyhow.

SPEAKER_01 8:07

She had a birthday.

SPEAKER_02 8:08

So she had a birthday. So what other mistakes have we made?

SPEAKER_01 8:11

Well, okay, that's a big one. Um, here's another one that people are so just talked to somebody this week. Great listener, love them to death, um, trying to decide on another product to buy, and I sort of said, let's just step back and look at your overall plan. What's the perspective here? Rather than I think I should go buy this. There wasn't one. There wasn't a roadmap. Most people are resistant. They were buying whatever was hot at the time. Exactly. Most people are resistant to getting help when it comes to this. Most people only get help from uh what the sh the survey was shocking. Friends and family are people turn to friends and family more for retirement planning than they do professional advisors. Think that through for a minute.

SPEAKER_02 8:59

Trevor Burrus, Jr. They're the worst. Literally the worst. But here's the problem. They don't know they're the worst. Trevor Burrus, Jr.

SPEAKER_01 9:05

No, they're trying to do the right thing.

SPEAKER_02 9:07

They're the best because we all, and that uh that's that one of those behavioral biases that we have that we think we're better than average at pretty much everything we do, including investing. And uh we know after doing this for most of our life that you you aren't. You're just not. Trevor Burrus, Jr.

SPEAKER_01 9:26

The thing about retirement is it includes income strategies, portfolio you just mentioned, taxes. There's a lot of aspects to all this. And you're gonna say, I don't want to pay somebody for that, and I'm gonna say Okay. That's fine. Listen to talking real money then. Yeah, exactly. But y uh and we've discussed this many times. Is talking real money on the list as a place where people get their advice? Fee only. 100 percent financial advisor. Period.

SPEAKER_02 9:52

Is that on the list?

SPEAKER_01 9:53

Hard cold. Stop. It's on my list.

SPEAKER_02 9:55

Oh, but is it on on their list of people who people go to for advice? I hope so. I thought you had a document that I'm only got a minute left here, so you've got more stickers.

Portfolio Design Challenges

SPEAKER_01 10:11

You can have two. Oh, okay. Well, how many timeouts do I have left? That's what I'm trying to get to.

SPEAKER_02 10:14

So I think you have three. I'm looking at the board unless there are yeah, three. You have three timeouts left.

SPEAKER_01 10:21

Don't throw that red flag. So that's I think here's the thing. Even if you've done a really great job as a saver, as an investor, as someone who's thought through all aspects of retirement, I still would at least get a second opinion from somebody who works at this every day. I that's me. And here's the reason many people don't, you know this, for fear of getting sold something.

SPEAKER_02 10:44

Yeah. And that's what I have to now. I I really I have to call you on this one, because it's my job to do that. Uh this is where it sounds very pitchy. Yeah. I I mean, this is where we get a little criticism for sounding like we're selling something. Are we selling something? No, we actually technically are.

SPEAKER_01 11:01

No offense. Yeah. No offense to all of you, because I love you. I do, seriously. It's great that I appreciate everybody. This had a wonderful phone call with somebody this morning who's young and been following us for a couple of years. I do. But you need me more than I need you. I don't know how to say that nicely, but that's the truth of the matter. It sounds so much.

SPEAKER_02 11:21

Or someone, and here's the thing it's not us. Now, see, this is what the point I wanted to make. It's not us, it's someone like us.

unknown 11:29

Fair enough.

The Cost of Advice

SPEAKER_02 11:30

We're not saying we're the only ones who could can do this. However, we are in a tiny minority of people who are going to do it right. That's where the real challenge comes in. So you, when you're going out to get help, you've got to make sure that you're paying someone just a fee. It can be a fee, an asset-based fee, it can be an hourly fee, it can be a set price for a financial plan fee. You're going to pay something if you want it, if you want really good advice, you're going to pay something. So anybody who says it's free is a liar, okay? And that's insurance people. They say that all the time. Oh, it's free. You don't pay commission. No, a couple of things. Or a lot of a lot of the sales-oriented financial advisors say that. Oh, there it's free. There's no commission because this commission's built into the back end of the thing. Um But you you're going to pay for advice, and the advice you want to make sure you're paying for is advice that actually suits you. That actually is made in a way that is as unconflicted as it can possibly be.

SPEAKER_01 12:31

I got a question for you. Yeah. Bank rate surveyed baby boomers, millennials, and Gen X. What percentage of baby boomers feel comfortable sharing their bank account balance with their family members?

SPEAKER_02 12:45

Oh, 2%. Says 33%. Okay. I I went l I figured I figured baby boomers. Baby boomers, uh if you ask the the greatest generation before us, it would have been two percent. Yeah, it would have been two percent. Oh, very small. And I bet millennials are higher.

SPEAKER_01 13:02

Millennials 41 percent, and Gen Z 52 percent. Which is good. It's a that's a good trend.

SPEAKER_02 13:08

That's a good trend because we're not sharers.

SPEAKER_01 13:10

No.

SPEAKER_02 13:11

And our parents definitely weren't sharers.

Generational Differences in Money Talk

SPEAKER_01 13:14

We didn't talk about it. But and and money is something that should be discussed inside your family. No question about that. That's one of the ones that they say they're gonna do better, and it sounds like they are future generations.

unknown 13:27

Right?

SPEAKER_02 13:27

Something you do you you didn't discuss in Polite Company. Now it's a great topic of discussion. With your family. You don't want to do it with strangers because then they're gonna try and sell you something.

SPEAKER_01 13:36

Which they sh no doubt will. I came up with a few more, by the way, things uh that I that I see as pretty big mistakes that people don't face up to. Number one is most people, their portfolio design does not match their overall financial plan. Rarely. In other words, how much money do you need to make on your money, how much risk you're willing to take? Most people don't think that through. They have a series of kind of investments, ideas, et cetera. It doesn't matter.

SPEAKER_02 14:03

How much risk do you need to take? We run into that all the time, people going, uh, well, I'm not gonna make as much money. Well, you don't need to. Right.

SPEAKER_01 14:09

Why take extra risk when you don't have to? Trevor Burrus, Jr. You're not gonna be richer than Elon Musk. He's the top dog now again, right?

SPEAKER_02 14:17

He's the top dog now. And when he gets the sale of SpaceX, that's gonna be a trillion dollars, folks. You know that's a thousand dollars. How many thousand dollars? That's a thousand billion.

SPEAKER_01 14:30

So what if he gave how much if he took that all and divided up among the world's tenants?

SPEAKER_02 14:35

It wasn't very much. I was just curious. It really wasn't very much. What are there, six billion people in the world? I can remember seven. No, it's like a buck seventy-five. It's okay. Well, I'll take my button. Can't even get a cup of coffee with that in most countries.

SPEAKER_01 14:48

So portfolio doesn't match. Um here's another one I see that families are bad at. We're all kind of bad at. Most people, not everybody, but most people are not honest about how much they're spending. It's really hard. You know, it's just it drives me crazy.

SPEAKER_02 15:03

I know how much I'm spending. I'm spending everything I'm not saving.

SPEAKER_01 15:06

I think that's legit. Yeah.

SPEAKER_02 15:08

It's too much. If I'm saving it, in my house it is. If I'm saving it, I'm not spending it.

Common Financial Misconceptions

SPEAKER_01 15:13

Exactly. I still like the automatic every two weeks comes out of the paycheck, it's gone. And and the the last one, again, is this is a massive area of confusion. And this is the reason people don't get plans. Um, they're getting advice from salespeople, not actual advisors. People that will do the right thing.

SPEAKER_02 15:31

And ten years ago, when we looked at the numbers, these these were the actual numbers per uh market watch, they checked out the registration of every financial advisor type in America, and they found that out of those million or so, or I can't remember what the exact number was, but I do remember what this percentage was, that out of those one one percent were registered in a way that always required them to act in your best interests as a fiduciary. One percent. One percent. So you interview a hundred people, on average, one will be a fiduciary. That that's what makes it tough. That is tough. You gotta do that.

SPEAKER_01 16:13

You know, one No, but you know, one thing I do like is that you all are willing to ask us all questions. Yeah, we love that.

SPEAKER_02 16:23

And we give you so many ways to ask them. You've got the talk directly to Tomway, where you go to meet an advisor or one of our other advisors. Or if you want to ask your question on the podcast, you go to talkingrealmoney.com on the ask a question form and you speak it or you type it. And now with the demise of the show, we've kept the show radio or the sh the radio show number, which is 855-935-talk. You call us. The number lives on? The number lives on eight five five-nine three five eight two five five, and one of us will answer your question well like this.

SPEAKER_01 17:00

From Rayford, North Carolina, Casey joins us. Casey, how are you today?

SPEAKER_00 17:06

I'm good. Thank you so much for having me today. Thank you.

SPEAKER_01 17:09

My absolute pleasure. So, what uh what's your question? What do you want to know?

High Yield Savings vs. Bonds

SPEAKER_00 17:13

So I think I just need some clarity between high-yield savings accounts and bonds. Um, so for some background information, I'm 30 years old and I consider myself to be an aggressive investor. Um, I did take the risk quiz and I scored 71. So definitely on the higher end of that, um, if that helps. But I still believe I'm in this accumulation or growth phase of my life. Um, so right now my portfolio is 100% in stocks. Um, and on the show, I've heard a lot about investing in bonds or bond funds and having a certain percentage of your portfolio in them, especially as we get closer to retirement. Um, so my two questions are at what point does someone need to start investing in bonds? And we also what is the difference between holding money in bond ETFs or bond funds when we have high yield savings accounts?

SPEAKER_01 18:07

Yeah, those are those are great questions. Um let's start with the high yield savings. So in our mind, high yield savings, that's money you're setting aside to buy a house, buy a car, or emergencies that come up. That's kind of the shorter term money. Anything one to maybe five years would be a high yield. And right now they're still paying pretty well, right? I mean, you're still getting, I think, close to 4%. So it's not bad. Bonds, on the other hand, are part of your portfolio, the actual longer-term investment side that is designed to be the shock absorber, right? When the spring of 2025 comes along, or we have the oil crisis of this spring, whatever it is that makes stocks go down or become much more volatile. Um, you at age 30, I don't know that you need any bonds yet, but let's just talk about that just for a moment, because you have a risk quiz score, you said, of 71. That suggests there's a little bit of a little bit of worry in there about markets getting volatile and what's that gonna mean to your long-term? Because as you well know, hopefully, stocks, because they are riskier securities, right? These are investments in companies, have made more, significantly more than bonds, right? Because bond is an IOU, right? They're gonna pay you back with the interest and then eventually your principal. So you really do want to be, and you use the word, Casey, aggressive. Aggressive is great. You want to make make sure that most of your money is in stocks. For many people, oftentimes I don't invest I don't suggest they use anything in bonds until maybe even age 40. But you need to decide if you're as an investor, if you're putting the money into stocks and you're willing to see the balance of that money you've set aside go down by, you know, 40 or 50 percent, like it did in 2008, 2009, or 2000, 2001, things like that. Because if you can't, then maybe you should have a little bit in bonds. And frankly, since you're uh in a 71, I might want to have five to 10% of my money in bonds. It's a very different type of security, so it gives you some diversification there. Just a little bit. And so a bond fund, you know, you've heard us talk about BND, for example, which is a portfolio of thousands of bonds, mostly U.S. government debt, but it'll give you a little bit of cushion for when when the when the dark times arrive, and they always will. So again, back to your question though. So high yield savings, I think you should have an emergency fund. I think that's where the money would go for that. And again, if you're saving for a car, a house, or some larger purpose, that would be high yield savings, which would be awesome. Um, and then the bond part would be for stability in the portfolio. Does that make sense?

SPEAKER_00 20:53

It does. Thank you.

Diversification in Investing

SPEAKER_01 20:55

I mean, you're really, you're, you're very young. The fact that you're thinking about this is fantastic. And you made you made a very good point. Um, that most of the time people don't need a whole lot of bonds until they do get closer to retirement. Because when you start to take that money out, that's when you want more stability, right? Because if you're drawing on the money and stocks are going up and down, that can be risky and nerve-wracking. So that's the time to do that. But uh, the other, my other question to you, really quickly, Casey, would be in terms of your asset allocation, the stock part, I mean, are you widely diversified? Do you have US companies and international companies and big ones and small ones and growth ones and value, all of that diversification in your portfolio?

SPEAKER_00 21:38

I definitely do. Yes. I listen to you guys every day. So I I definitely do. I have a lot of diversification.

SPEAKER_01 21:45

That is then you're just doing it all right to me. So I mean, you maybe maybe in the next few years consider throwing a little bit into the a bond fund of some kind, keep setting money aside in the high yield savings, as I say, for other things that may come up and keep at it. You're doing a great job.

SPEAKER_00 22:01

All right. Thank you so much.

SPEAKER_01 22:03

Thanks, Casey. Thanks for joining us here on Talking Real Money.

SPEAKER_02 22:06

And as we mentioned, the other way to ask your question is to go to talkingrealmoney.com and Tom loves it when you type them. Just type those questions up for Tommy Boy, and he'll do this. He'll read them and then we'll answer them.

SPEAKER_01 22:20

Yeah. This is a good one. Comes from Anacordis, Washington. Beautiful Anacortis up in the northwest corner.

SPEAKER_02 22:26

Speaking of bow constrictors, isn't that that's like a big snake, isn't it? An Anacortis.

SPEAKER_01 22:31

Don't they live in the jungle in South America? David writes us, hello. Don mentioned he has in his 401k a dimensional target date fund. Yes. Am I going to get called on this again? No, I see they have a different approach than the status quo. If you think it's appropriate, maybe you could explain how and why they differ. Thanks.

SPEAKER_02 22:53

How and why differ from what then the status quo. Oh, the status quo, which would be just your typical target date fund. Correct. Oh. Oh, well, that's easy. Yes. Dimensional believes in spreading the wealth out over far more than just generally large company growth stocks like you tend to get with the S P 500, or you tend to get with traditional total market funds or traditional target date funds. So what Dimensional believes is that there are some factors of return. And they're very logical factors of return. They basically provide you or have shown in the past to have provided you with a little bit of additional return if you overemphasize these asset classes. And those asset classes, well, there are a number of them, but the main ones are small company stocks. You want to own more small companies than big companies because, well, a couple of reasons. One, small companies have more room to grow. Yes, they're more dangerous because they also have more room to fall. They are they go out of business. They, though, are riskier, and risk adds return, generally speaking. That's one of the factors that adds return is taking risk. The other is value. Again, a riskier asset class. They also tend to have money in emerging markets, which a lot of target date funds skip. They spread the wealth out around the world. They they really give you a massively diversified portfolio that's overweighted to those over, we hope, overperforming asset classes they they have in the past.

SPEAKER_01 24:29

Aaron Powell Yeah. They also offer things, exposure to things like profitability, quality, there's a lot of things.

SPEAKER_02 24:36

I didn't want to get in the weeds with all those other, I think, what do they have now? Is it five or six? How many factors? Six factors. The big ones originally were small in value.

SPEAKER_01 24:46

Aaron Powell Well, the no, the biggest one was exposure to stocks. Then smaller.

Dimensional Funds Explained

SPEAKER_02 24:49

Oh, okay, it was stocks, right. Having equities in your portfolio, then value and and small, and then they discovered I love this. They discovered, and this is only through research. You've got to research this to make sure. They discovered that more profitable companies actually made more money. It took research.

SPEAKER_01 25:13

Yes, it took a lot of research, a lot of research.

SPEAKER_02 25:15

But see, they're very data-driven at dimensional. They can't say, well, this is logical, let's just let's do it. It's no, maybe logical, but it may not work in the long run. We gotta make sure it has.

SPEAKER_01 25:27

So they look back and said these things have made a difference in returns over the long haul. Not all the time. So yeah, both Don and I use a dimensional target date fund. Of course, his he uses a target date fund, you know, much closer to today's number. I'm still way out in the future. Way closer to the day.

SPEAKER_02 25:44

I think actually I have a I don't remember what I 2030. I think it may be 2030.

SPEAKER_01 25:52

Yeah. I think that's a good thing. So um Yes, we we like them, we like the product. And if I had the option, as I do, I would use them instead of a more standard offering from traditional providers. Trevor Burrus, Jr.

SPEAKER_02 26:04

Yeah, if I had a choice between a Vanguard target date and a dimensional target date, I take the dimensional target date any day of the week. There you go. Just because of that exposure to those other asset classes. Yes, I pay a little more for it. I do. My expense ratio is higher. But I don't believe it's high enough, higher enough to make a difference when you factor in the uh the what the the history has been of those asset classes adding return. So I'm willing to take that chance. And guess what? When we invest, if you want to make more money than inflation, literally you have to take a chance. There no matter what anybody tells you, making more substantially more than inflation always involves taking risk. I don't care what these folks who package these products tell you. That's a pr that's pretty much a fact across the board. Risk and return are connected. That's why you get the return.

Reflecting on the Journey

SPEAKER_01 27:00

Anything else you'd like to add before we shuffle off this mortal coil. Yeah. I'm taking my second time out here. Um I want to say thank you to all the people who have reached out to us this year. There's been a lot. I just looked at the numbers. Is this the end of the year show? I just got back in the first quarter. You sound like you're reminiscing. I well, I am reminiscing. I'm saying thank you for the great first quarter and in my life, the great first three and a half quarters. Uh but uh so keep them coming. Questions at talkingreal money.com. Want to meet an advisor, want to chat it up? Yeah, do that too, because we're happy to discuss your personal situation with you. I'm taking my third time out here and saying goodbye.

SPEAKER_02 27:41

So how that yeah, give us a call, 855-935 Talk. Send your questions in at talkingrealmoney.com. And if you want to talk with a real life advisor and not get a high pressure sales pitch, not get charged even for a conversation, just go to talkingrealmoney.com, click that button that says meet an advisor. I promise you you will not, not regret doing it because it's painless. Thanks for listening to Talking Real Money.

SPEAKER_03 28:05

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