You're Right, Of Course

SPEAKER_00 0:05

You're gone to a really great financial future. Tom and Don are talking real money.

SPEAKER_05 0:12

I have a question for you. In fact, I think we both have a question for you. When you listen to talking real money and when you send in questions that you'd like us to answer, are you looking for help, advice, or just validation? We're not

Help or Validation

SPEAKER_05 0:34

sure which. We think sometimes it's the latter. And we should have a little talk about that. Hi everybody, welcome to Talking Real Money. I'm one of the two hosts of this program. My name is Don. And uh over there is my friend and co-host. His name is Tom. We're two old white guys waiting to die on a podcast. That's us. Hopefully it's not too soon. We want to stick around for a little while. But you know, it's funny. We really do, and we always have over the many decades we've been doing financial talk now. We've wanted to help make you a better investor, but we get the sneakin notion that sometimes maybe you don't want to be a better investor. You just want us to tell you how great you already are.

SPEAKER_02 1:24

Could that be possible? You know, and some you mentioned you did you left out one possibility. I think sometimes people like to argue.

SPEAKER_05 1:31

Oh, yeah, yeah, yeah. Yeah, yeah, that's true. There are there are truly curmudgeons out there. Like the note we got from the guy who said, quit using basis points, or every time you use basis points, say percentage too, because you're talking over people's heads. Come on. 0.25. Yeah, how many of you How many of you uh really come on? How many of you at this point you've listened to like more than three episodes and you don't know what a basis point is? Okay. What is a basis point? It is one one hundredth of one percent. Yeah. That's what a basis point is. Okay. Now you've I've taught everyone. Am I done? You're done. That's the thing. We can leave now. Thank you. That was the shortest edition of Talking Real Money Ever. I've got my bottle of water, I'm gonna

Spending and Arguments

SPEAKER_05 2:20

go drinking.

SPEAKER_02 2:21

Yeah, let's take up a couple of recent cases.

SPEAKER_05 2:23

Oh great, my water's almost empty.

SPEAKER_02 2:25

This is uh an interesting topic because so many of you and thank you. I'm grateful the number of people that reach out with questions. No, yeah. Yeah, I am. The number of people that call me.

unknown 2:35

Yeah.

SPEAKER_02 2:35

I was crabby last night. I felt kind of my wife was listening. She said, You weren't very nice. Yeah. Um But I do, I you know, yeah, sometimes at the end of a 12-hour day I get tired. I'm old. But um I do appreciate the calls. I do appreciate all the people attending questions. It's fun. I like talking to people, you know that. But there's a couple of there's a couple of them that have come up recently that I do find fascinating. By the way, it's not always just about the investing side, money part in general, because the the still the number one can I say argument discussion? Argument Um Yeah, is around most people around spending. Most people, most of us are in denial about how much money we spend. I'll put it that way. Most. Not all. There's people that have been great savers their whole lives and they don't spend anything.

SPEAKER_05 3:25

Yeah, I I I I still think people think they're better investors than they are too. Trevor Burrus, Jr.

SPEAKER_02 3:29

Yeah, we'll get to that in a minute. But many, many, many I can't even say enough many's. When we start working on a financial plan for people, we start talking about retirement. Most people will tell you, I only spend X.

SPEAKER_05 3:42

X thousand. Yeah.

SPEAKER_02 3:43

That's it. And then you go through their I've said this a lot of time. You you just take the top line, right? The income coming in minus the taxes, minus whatever they're saving. You're spending everything else. Then they'll argue with you. That's where the argument starts.

SPEAKER_05 3:57

Hold on. You're spending everything else unless at the end of the month or somewhere during the month, you look at your balance and your checking account and you go, Well, I'm not spending that much, so I'm putting some in savings.

SPEAKER_02 4:07

Yeah. Okay, but that would be saving. Right. Yeah.

SPEAKER_05 4:10

Right. So you're not most of the time people. Whatever your your net pay is, minus whatever you save along the way, that's your spending.

SPEAKER_02 4:20

Yeah. Well, taxes. You got to pay your taxes too much. That comes out of your check. Yeah. Okay, pardon me. Yeah. So that's it. But most people want to get an argument too. Do you just want to argument? Do you just want an argument with me about what you're talking about? I grew up in a family of six people, so arguing comes second nature to me. You know that.

SPEAKER_05 4:37

Well, you, like I, uh grew up with two brothers. Yeah. It's pretty easy to and one of my brothers.

SPEAKER_02 4:47

Yeah, I did by a brother all the time. One of my brother won the uh you know state debate title when he was like a junior in high. So there's there's a lot of there's a lot of argument in the cockpit. Oh, screw. I bet that was the lawyer. You're you're such a perceptive person. Not the musician. I know the musician.

SPEAKER_05 5:04

I'm just I'm guessing.

SPEAKER_02 5:05

You're just such a sure sure. Anyway, spending. Yeah, so that's it. There is no other number, folks. So if you want to call me and say I'm only spending $100,000, but my gross income's $250, I'm probably gonna have a problem with that.

SPEAKER_05 5:17

Net income, sir. We're gonna argue. Pardon.

SPEAKER_02 5:20

Probably gonna struggle with that. And I'm probably gonna tell you you're wrong, and we're gonna have to figure out how to fix it.

SPEAKER_05 5:26

But that's just one thing. Try not to. His patience is running. That's why we're gonna do a new talk show. We're literally gonna do a talk show. Once we've we've put this one away, it'll be like, you know, whenever we feel like it. That'll be called Two White Guys Sitting Around Waiting to Die. That's it. That's the name of the podcast. I don't steal that, by the way. I gotta tell you, somebody will be.

SPEAKER_02 5:49

No, because there's nobody else that old that's still doing the podcast. They're retired. Okay,

Stock Bets and Strategies

SPEAKER_02 5:55

so that's what. All right, then, all right, here's here's here's number two. Still, the the most difficult thing to shake from people, run into it all the time. Just ran into it last week. Uh in that case, it was a large technology firm in the Northwest. I think you know who I'm talking about. They write software and stuff. Been around for like 40 years? Yeah 50 years? Anyway, starts with an M. Um 50. I because it's Apple's 50th, 50th. So by the way, those of you who know me know I have two stock certificates in my office, two actual certificates. One is from Enron, the other one is from Washington Mutual. So I guess we're not going to be able to do it. Did you get the Enwar the Enron framed? I dunno I have not, but I will. Yeah. It's I'm gonna get them both in a sorry I don't own a frame shop anymore.

SPEAKER_05 6:43

I know. It'd be very nice of you.

SPEAKER_02 6:44

But it it this is all you it it's unshakable when somebody comes in and says, I own this because either A, I work there, B, I know somebody worked there, or C, it's made me a lot of money. Those are always the answers. Like, well, I work there, nothing can go wrong. And it's really hard to shake you. Uh I I I I try literally and figuratively, because my arm hurts, but um and I'm not probably not supposed to. The thing is, we can tell you that the problem with an individual company is not just the risk of total loss that I just discussed, is generally a long period of underperformance. Most stocks gosh, we just did a podcast recently about some very big names that had like a negative 50 percent return for a whole decade. Trevor Burrus, Jr.

SPEAKER_05 7:30

Right. That did pathetically. But you know, the other thing that people argue about often on the show and in the uh in in just your conversations is their ability to recognize a better strategy. I've got a better way of doing it. Well, while I'm doing covered call writing, or I'm buying dividend-paying stocks, or you know, it's not just the picking stocks, it's that they think that there's a smarter strategy and that they are the only people who found it.

SPEAKER_02 8:03

Yeah. And they defend it. I just uh again off the phones recently with someone who has a high dividend paying strategy, again, something we discussed on a recent recent uh podcast, rather. Specifically, uh and the use of the money market. I mean, in other words, and here's how it all works and here's why it works, et cetera, et cetera. I and my take basically, by the way, because in this case I think the person was looking for an argument. I just said that's great, very happy for you. Maybe I didn't say it in those words.

SPEAKER_05 8:31

You did not say it that way, or your wife would not have looked askant at you. Trevor Burrus, Jr.

SPEAKER_02 8:35

No, I did say, why are we talking? I think something like that. I was a little proud. The point of this discussion would be because we believe what we believe. You're probably gonna have a very difficult time shaking me from that if you call me.

unknown 8:48

Yeah.

SPEAKER_02 8:48

I believe the same thing for like 35 minutes.

SPEAKER_05 9:01

And we're not gonna change that opinion. We haven't changed that opinion in decades now.

SPEAKER_02 9:06

The thing is, too, about our investing strategy, something to keep in mind. It's not something Don and I worked up in the basement over a weekend. Trevor Burrus, Jr.

SPEAKER_05 9:13

No, we just thought it up yesterday.

SPEAKER_02 9:16

This comes from like peer-reviewed academics. You know, this is work that is being done by people that I think you should pay attention to. They don't have it coming from Nobel Prize winners plural. They're not trying to sell you anything. They just look at the numbers and say, here's what it looks like. That's it.

SPEAKER_05 9:33

These are Jeb Bartlett's who never became president fictionally. Are you still watching that? Yeah, he won a Nobel Prize for economics.

SPEAKER_02 9:42

Did he really? I guess I forgot that part. I love that show. I'd probably I wouldn't mind watching that again. But now I'm in the middle of the U.S. Navy on the R.

SPEAKER_05 9:48

I gotta tell you, it went down after after Sorkin left as a as a lead the lead writer. Still very good program, yes. Very good program.

SPEAKER_02 9:58

Uh the point of the matter is, yes, people are stubbornly hold to many things they believe to be correct. They stubbornly hold to what you just said, Don. I developed this strategy and I know it's right.

SPEAKER_05 10:10

Mm-hmm.

SPEAKER_02 10:10

Where in the face of all the evidence, which is what I think you should all consider, uh evidence that is third party, peer-reviewed, academic based, people that really I think you should trust, it's just very difficult to shake. So if you want a if you I guess the point of the matter is if you want a review of your portfolio to see where it's good, it's bad, etc., that's fine. Happy to do it. If you want to call and have an argument, sure. I'm I'm I'm I love a good argument.

SPEAKER_05 10:39

We're all next guy's arguments. And and by the way, we like them even more when they're on the program.

SPEAKER_02 10:44

Oh, yeah.

SPEAKER_05 10:45

You know, we we love a good argument. But remember remember, if you're looking for help, uh you must believe we're capable of providing it. If you're looking to convince us that's not what the show's about. Trust me, it ain't gonna work. Yeah. So uh I don't know who this next caller you're gonna take is, but hopefully they're not gonna argue with you. Uh they uh and they got how'd they get to be a caller on the show, Tom? Didn't they say it's pretty simple?

SPEAKER_02 11:17

You go to Talking Real Money and ask a question and you type it, and then I get it, and then I call you and we have a chat.

Mortgage Payoff Choice

SPEAKER_02 11:24

It's very nice, very simple. And so we go to beautiful Texas, where we're chatting with Jim here on Talking Real Money. Hey Jim. Hey, Tom, how are you? I'm doing fantastic. Thank you for being part of uh Talking Real Money, and how can we help you today?

SPEAKER_03 11:39

Surely um this is this is uh an issue that I've heard about a number of times over the years, but I've never really thought anything about it. I've I've got a new income stream. I mean, I'm almost 70, I'm retired, I think my finances are in pretty good order. Um, but a new income stream that's rather hard to predict from month to month has has shown up. And I was toying with the idea of paying off my mortgage. Um and I've probably got $150,000 to go on that in maybe 15 years under the current amortization schedule. And the first bit of income actually was a fair size amount, about $25,000. And I thought, well, I'll I'll send that in to Rocket Mortgage. And looking at their website, it didn't appear that I wasn't really expecting anything to change too much, but you know, it didn't say anything about you're gonna have a new payment, which I didn't really expect. And then I got to thinking, well, if all they're gonna do is just shorten my amortization schedule, then gosh, wouldn't I be better off to just set that money aside in a high interest savings account, let it earn interest for me rather than for them, and then pay off the mortgage maybe in a couple of years when maybe I have enough to pay off the entire thing. Or should I send in these additional payments, which I've heard recommended from time to time over past years, but again, never really thought too much about it. So the the question is, I guess, um should I make periodic extra payments? Or should if I can have the discipline to set it aside and pay it off in full, doesn't that work better for me? Um sort of on a present value basis.

SPEAKER_02 13:25

Yeah, I I think your your your your your thought process is good. Um and what do you what's your current interest rate today?

SPEAKER_03 13:32

Yeah, so it started out as a as a five-year arm about 10 or 15 years ago. And I've so I've moved out of the initial five-year holding period, and now it's floated up to about six and five eighths. Okay. Now I don't know, and I suppose nobody else knows where it'll be a year from now, two years from now, three years from now. But at the moment it's on that borderline, I think, where it sort of makes sense to pay it off. But yeah, so I'll I'll stick it in a high yield savings and maybe earn what, three and three-quarter percent.

SPEAKER_02 14:02

Yeah, something like that. Yeah, I mean, okay, but let's go back to that. So part one of the interest rate conundrum. I mean, I think we can all pretty well count on the fact that rates are exceedingly unlikely to fall this year. After this year, you know, as you said, it's uh who knows? We don't know where we're headed. It's very just very, very difficult to portend after that. 6.6%. Well, it's higher than I like. I mean, any usually any interest over five, I say pay it down quickly because as you know, in the markets, hard to know if you're gonna make that six or seven percent every year. It's that's you know, it's that sounds easy when stocks are going up, but it really hasn't. But let me ask you another question about this. So um the you have, I mean, the the the only thing that would concern me about paying this off, it wouldn't be the the mechanics of it, but would be the liquidity in the rest of your you know, sort of portfolio. So you you've you have income to pay the current mortgage payment, and you have ample savings to take care of you and your family for the next 25 years. Would that be accurate?

SPEAKER_03 15:06

Yes.

SPEAKER_02 15:07

So under that scenario, then then I probably would would chunk it down as I got the money. I'd pay down the uh because you're just gonna be making extra extra principal payments. You could recast the mortgage each time you do it. I guess sometimes there's rules. I mean, that would be something to call your mortgage, your your the people that hold the paper and say, would it make sense to be do a recast or would it make sense to just do a principal pay down? Uh, because what you're really looking for is just to pay less interest here over the next four or five years. So if you but yeah, I I wouldn't set it aside. I'd make the payment according to whatever the strategy is best to pay that down. If you have the other asset, I mean the the challenge we run into with sort of the payoff the mortgage thing is it turns out it's a better psychological deal than a financial one for most people because they don't have the other assets, right? They don't have the money. I've looked at this in my situation. It would be a feel-good thing rather than necessarily a good financial decision. So it's like, yeah, I think I'd rather stay liquid. We never know what's going to happen. If you know that happened in my family where people needed money that I never expected, I mean, things come along. So I if your liquidity is great, if you have the savings and you're really looking to pay this off, then I would talk to them about doing a recast of the mortgage or adding principal, whatever the best deal is, I would go ahead and and and do it.

SPEAKER_03 16:23

And what does that mean? Recast.

SPEAKER_02 16:25

You know, I believe is when you give them a chunk um, you know, uh to read and they redo the note. So I believe when I did mine a few years ago, you make a large lump sum that affects your principal balance, and that they'll recalculate the payments based on the new lower balance. So so it it will not reduce the length, it will recast the um it'll reduce the interest, certainly, but it would also uh reduce that payment. I mean, what you're really trying to do here is sort of pay off interest, right? Because that's gonna be something you you're just you don't want to have that interest because that's kind of high, right? I mean, it's not it's not it's not high compared to my first note, which back in 1984 was, you know, like 15 or something, but it is high, you know, when we look at COVID where everybody's at two and a half. So I can see the displeasure with that. So yeah, I think I but I would ask them, I would say, would it be better to recast this if I'm getting 25 to 50 a month, or should I just make a couple extra principal payments? What's gonna be the best for for my situation?

SPEAKER_03 17:28

Okay, all right. Then I'll I'll make that call. Yeah, because that payment has drifted up probably three or four hundred dollars over the past five years, you know. Um I should have, I should have hindsight, says I should have refinanced, you know, back at the true office, but uh I probably was gonna move at that point, and then we decided no, we're not gonna move. So, okay, fine.

SPEAKER_02 17:48

Yeah, I mean, it's really hard. I mean, in my household, I think my wife would prefer to have it paid off as the money guy. Look at it and think, nah, that's doesn't really make sense from a financial standpoint. But I but I I get all that. And in your case, since you have the assets to to take care of you and your family, then I would just say uh write the check.

SPEAKER_03 18:08

Yeah, yeah, yeah. All right. Okay. Thanks for that. Appreciate it.

SPEAKER_02 18:13

Thank you, sir. Appreciate you listening, Jim. Hope to hear from you again soon.

SPEAKER_03 18:17

Okay, you take care of it.

SPEAKER_02 18:18

Take care. Bye bye.

SPEAKER_05 18:19

Well, that one wasn't too argumentative. That was okay. That was good.

SPEAKER_02 18:22

Very kind.

SPEAKER_05 18:23

Uh now these the part I like about this next segment of the program is the fact that paper, printed paper, argues badly. They really don't debate well. They will never win a debate competition because paper can't speak unless Tom speaks its part for it. Like apparently he enjoys doing he does no character work with these, though. I I could. You should like do a voice for each one of them. Yeah.

SPEAKER_04 18:50

That's no, don't, no, stop it. I'm sorry. You know what a bad act came out of my mouth.

SPEAKER_02 18:56

I'm the worst. I do myself, and that's about

RSUs and Sales Pitches

SPEAKER_02 18:58

it. Uh, from Galena, Ohio, Gary writes. From Galena, Ohio. Don't know the place. Uh I Tom and Don. I have a long-term incentive package that starts vesting next summer. The payoff looks incredible. Approximately one year of household expenses after taxes, thanks to our company stock appreciation jumping the last few years. I'm preparing to cash out the vested portion and have them withhold the estimated taxes, but I've been getting multiple emails from wealth managers prepared to help me navigate this process. Is there anything they might actually help, or are they just looking to take a percentage of telling me to reinvest with the firm? Colleague told me he signed up and received help, but couldn't explain what the help consisted of. I'm a do-it-yourself investor, but I'm second guessing the situation, wondering if there's some strategy to they have to offer that would be beneficial. So the in his subject line, I love this shharks circling my RSUs. Is there any reason to hire a financial advisor when you're getting a little bit more than a little bit of a stricken?

SPEAKER_05 20:06

There's no real tax strategy or trick you can pull that's legal anyway. Well, that's true. That's uh likely to help you. Now, of course, what they're going to do is suggest you ninety plus percent of the time. The people who are trying to contact you, okay, let's go to ninety-nine. Let's I think go to ninety-nine if they're if they're actually contacting you because fee-only fiduciaries rarely pick up the phone and make cold calls. Not many. Or or swoop. Fisher only. They just don't do it very often. Because they're in the minority in the investment advice business, and therefore, they could they tend to be kind of busy.

SPEAKER_03 20:46

Yeah.

SPEAKER_05 20:47

But what you're probably talking about is a bunch of commissioned salespeople. I'd be willing to bet a lot of them are commissioned annuity salespeople who are going to try to sell you an annuity to put your cash in so that you can get tax advantages going forward and a nice income for the rest of your life. And they'll give you a fifty percent bonus and blotty blotty, blotty, blotty, blotty, all garbage.

SPEAKER_02 21:06

Yeah, there's a couple things to keep in mind, though. I would say one thing to be sure of is make sure you've held these shares at least a year so you get the long-term capital gains rate.

SPEAKER_05 21:17

That would be one before it's sounds like he has, because it says he's vested.

SPEAKER_02 21:23

Number two would be, frankly, and you may already know this, Gary, I would want to reinvest in a diversified portfolio that has thousands of stocks in it.

SPEAKER_05 21:32

Trevor Burrus, Jr. Which, if you're a decent do-it-yourselfer and you listen to us, you probably can pull off. Trevor Burrus, Jr.

SPEAKER_02 21:37

Sounds like it. I mean, there's also people that believe when you do the RSUs, you could do an eighty twenty strategy, keep eighty percent out in a diversified portfolio. Hold the twenty percent in your company because it's going to go to the ceiling. Don't buy that one.

SPEAKER_05 21:49

Aaron Ross Powell Not a big fan of keeping uh money that you don't have to keep in your company in your company.

SPEAKER_02 21:56

No, there's no trick. There's nothing they have that they they can they can do for you.

SPEAKER_05 22:00

No magic. It is all about them looking at that big number that they read about in the paper or something. And salivating over age. A lot of money. Big honk in commission. We just had recently a uh a call from a listener who went to one of those stages. Oh, I heard it. You handled it well. He handled it well. And the the salesman actually admitted Ten percent. Ten percent commission. Admitted it. They rarely admit that.

SPEAKER_04 22:28

They somehow managed to say don't forget your channel.

SPEAKER_02 22:33

I like what you said. Hope you had a nice dessert too. That was really good. Yeah.

SPEAKER_05 22:37

Good work. Trevor Burrus, Jr. Well, because he did a great service to humanity. That was on a couple of weeks ago, uh the Friday QA

Roth Match Clarified

SPEAKER_05 22:44

program.

SPEAKER_02 22:44

Ah, from Fort Lauderdale. You got another question. Fort Lauderdale James writes Hi, Tom and Don love your podcast. It's my favorite money podcast and tied for tops overall. I gotta ask who are we tied with? I wonder with whom. Maybe it's lit region. I can remember a girl in ninth grade telling me that once. You're tied for first place overall. Anyway, didn't work out. Uh I listened to your most recent episode, which was the retirement quiz. And it reminded me that I wanted to ask you a question concerning a recent episode where a question regarded why employer contributions are not allowed, not allowed, in the Roth portions of 401ks, which as you may remember, I said, no, you can't take the match.

SPEAKER_05 23:27

No, you can't take it as a Roth because of the Federal Government.

SPEAKER_02 23:31

No. But he said, I understand it's been allowed since Secure 2.0 of 2022. Employees have to have to pay the tax on those contributions the year they are made. My employer still doesn't have the option. He is absolutely 110% correct. Oh, it's a legal thing, though. But most companies do not offer it as yet. But he's right. I looked it up because I I thought, no, we said it and we said it. Damn it, we stand by. We were wrong. So, James, you're absolutely correct. So legally it's okay. I don't know anybody who's doing it.

SPEAKER_05 24:04

Yeah. And put it in a row.

SPEAKER_02 24:06

So that's an interesting question. Would you do that?

SPEAKER_05 24:09

No. You wouldn't do it. Probably not. You'd still probably not. Not while I'm working. Generally, I want to speak in broad generalizations. While I am still working, I probably making more money on a taxable basis than I will be in retirement. Probably. This is big broad brush I'm painting with.

SPEAKER_02 24:31

Yeah, and you've got the add-on the add-on of Irma facing you as well.

SPEAKER_05 24:36

Yeah. So I no, I I think I would probably just tax money. I like having both pots too. It's just sort of because again, we're we're guessing. We're always guessing when it comes to the future. Always. We're trying to make educated guesses, but they're not that educated. I mean, we don't know what tax rules will be in the future. Uh so we don't know. Could taxes be lower? Yeah. I bet people in the 60s said, oh, taxes aren't going to go any lower in the future. They're only going to go up. Well, they went down a lot. A lot.

SPEAKER_02 25:10

It's a lot different than the 60s. So thank you for setting us straight on that. I do appreciate it. By the way, if you have a retirement an employer-sponsored plan and you do have a Roth match, let me know. I'd be curious to hear about it. Because I've never heard of anyone having it as yet. I'd just be curious to see if anybody's actually doing it. I I'm going to ask our guys, but it's not on the agenda as far as I know. So I don't think it's that big a deal. Well, he went. He thought it was a big deal because we were wrong, and I'm happy to acknowledge when I make a mistake. Except when I'm reffing. Then I won't acknowledge it.

SPEAKER_05 25:44

Sorry, it's never, never let them see a squeal. No, no, you never you never let them see you sweat on those. That's not true.

SPEAKER_02 25:52

I've told people on the field before that I missed it.

SPEAKER_05 25:56

You have? Yes. No, not don't do it on the field. Do it after or something.

SPEAKER_02 26:00

Yes, I have told them. Sorry, I missed that one. I'll do better on the next one.

Questions and Contact

SPEAKER_02 26:04

Sorry. Try to be honest with you.

SPEAKER_05 26:06

Tom the ref. Anyway, hey, thanks all. Thanks everybody for listening again. And uh keep keep telling people. Keep keep spreading the word. Okay? We appreciate it when you do that. If you have some questions, go to Talking Real Money, click on the contact form or the ask a question button and uh and argue with us. We don't care.

SPEAKER_02 26:27

I want to get a little back and forth, huh? Face the nation sort of stuff or something, huh? Point counterpoint. What was the food fight they used to have on PBS? I forget the name of that one. Wrong food fight? Yeah, the the the the back and forth between the libs and the conservatives. I forget the name. That was count point counterpoint.

SPEAKER_04 26:46

That was on CNN. Oh, you're talking about uh McLaughlin McLaughlin report. I love that one.

SPEAKER_05 26:52

Yeah, yeah, yeah, yeah. Yeah, wrong dog breath. Shut up.

SPEAKER_03 26:58

Good argument very effective. Pick on your dog? Come on.

SPEAKER_05 27:04

Shut up, you big dummy. Anyway, uh do all those things if you uh and by the way, if you want uh you got like an RSU and you want somebody to say, well, this is how you should invest it on your own. We'll even do that.

SPEAKER_02 27:18

Restricted stock use for those of you playing along at home.

SPEAKER_05 27:21

So yeah, we'll tell you, you know, here's what you might want to do, maybe. Here to help. With a free consultation. Absolutely. Free consultation. Sounds like a plan.

SPEAKER_04 27:29

And then we're gonna sell you a big fat annuity and I'm making ten percent, man. Damn, we should have been doing that from the very case.

SPEAKER_05 27:39

Yes, it's over. No one's gonna buy an annuity from us.

SPEAKER_03 27:43

We might be able to sell a lot of them. Too old.

SPEAKER_05 27:45

Um so anyway, if you want to meet with one of our advisors for free for nothing with no high pressure sales, bitch, go to talkingrealmone.com, click on meet an advisor. And is there anything else you'd like to add before shuffle off this mortal coil? Well, we're not shuffling off the mortal coil, just the podcast coil. Thanks for listening. I'm Don. That's Tom, and together we're always Talking Real Money.

SPEAKER_01 28:09

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