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<v Speaker 1>It is time for Joel large guard. And by the way, Joel,

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<v Speaker 1>do you really believe that I'm as much of an

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<v Speaker 1>ass as I? Never mind anyone I know? All right?

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<v Speaker 1>How to money? Yes, Sunday's let me tell you. People

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<v Speaker 1>that really know me, Joel, people that really know me

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<v Speaker 1>also think I'm an ass twelve to two o'clock every

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<v Speaker 1>Sunday right here on KFI. All right, Joel, an article

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<v Speaker 1>just came out that I read this morning about money arguments.

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<v Speaker 1>How often couples argue a year over money, And let's

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<v Speaker 1>talk about that. Who and what kind of arguments?

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<v Speaker 2>Let's go for it, all right, Yeah, let's do it,

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<v Speaker 2>especially since tomorrow it's the day of love. Right, let's

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<v Speaker 2>talk about the opposite of love, which is yelling at

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<v Speaker 2>your spouse or your significant other. And yeah, there's this

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<v Speaker 2>new survey and it finds that most couples are huge

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<v Speaker 2>segment of couples are uncomfortable talking about money in their

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<v Speaker 2>relationship at all. It's say, hey, let's talk about everything

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<v Speaker 2>else except for money. It's just still a taboo topic

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<v Speaker 2>for a lot of couples. And then on top of that,

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<v Speaker 2>couples on average fight about money fifty eight times a year,

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<v Speaker 2>which means more than once a week, which is just

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<v Speaker 2>a lot to fight about money. And so I get

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<v Speaker 2>it too, Like I grew up in a family where

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<v Speaker 2>there were money arguments, and my whole goal in life

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<v Speaker 2>has been, like, hey, I want to not fight about

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<v Speaker 2>money with my spouse. It doesn't mean that it never happens,

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<v Speaker 2>but fifty eight times a year sounds steep. And I

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<v Speaker 2>just think most people feel still so uncomfortable about how

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<v Speaker 2>to handle money, and then they don't know how to

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<v Speaker 2>talk about mistakes that they've made or that their spouse

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<v Speaker 2>is made without kind of things getting heated. And I

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<v Speaker 2>don't know that worries me because we have to be

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<v Speaker 2>able to talk about money without like ratcheting up the

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<v Speaker 2>situation and turning it to deficon five.

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<v Speaker 1>Okay, well, typically, what are the arguments spending too much money,

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<v Speaker 1>buying things that not necessary? What is a it is

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<v Speaker 1>there a hierarchy at all? For sure?

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<v Speaker 2>I think definitely spending is one of those things where

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<v Speaker 2>you're not communicating specifically about what's being spent and there's

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<v Speaker 2>not enough left at the end of the day. It's

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<v Speaker 2>a disagreement about how you're spending money. That is, that's

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<v Speaker 2>one of those things. Often there's you know, there have

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<v Speaker 2>been other studies in the past that talk about money

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<v Speaker 2>and fidelity, and so a spouse maybe hiding an account

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<v Speaker 2>from from the other partner, and that when that comes

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<v Speaker 2>to light, that creates significant money arguments and a lack

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<v Speaker 2>of trust, which makes sense. And so when you look

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<v Speaker 2>at the studies too, couples who combine their finances tend

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<v Speaker 2>to have more success with how they communicate about money

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<v Speaker 2>and then how happy there they are, Like their self

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<v Speaker 2>reported levels of happiness are more are higher because they're

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<v Speaker 2>typically more on the same page. And there is something

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<v Speaker 2>about just putting everything together. And it doesn't mean that

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<v Speaker 2>you have to have your spouse sign off on every

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<v Speaker 2>purchase you make, but just it creates that transparency level

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<v Speaker 2>I think in relationship. So I think that's something that

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<v Speaker 2>the people should think about more. I get why more

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<v Speaker 2>couples are not combining finances, especially as they get together

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<v Speaker 2>later in their lives, as people get married later and hey,

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<v Speaker 2>I already bought a house, I've already saved the investor

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<v Speaker 2>for I retirement, and I've already made all this progress

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<v Speaker 2>and now we're getting married at thirty six, and so yeah,

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<v Speaker 2>I kind of want to keep my stuff separate. But

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<v Speaker 2>the truth is, if you want your marriage to function

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<v Speaker 2>and to be healthier, the more you combine your finance

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<v Speaker 2>is the better you can still have. I think those

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<v Speaker 2>separate accounts for spending, but I like the idea of

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<v Speaker 2>the bulk of the funds being combined together for those

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<v Speaker 2>bills that you guys are going to have together as

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<v Speaker 2>a couple.

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<v Speaker 1>All right, let's go right into five twenty nine savings plans,

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<v Speaker 1>which a lot of parents start for their kids for

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<v Speaker 1>at college fund, which I did the day my kids

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<v Speaker 1>were born. Put money in, and now we have a

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<v Speaker 1>pretty healthy amount of money for a four year college.

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<v Speaker 1>Both of my kids, at best will graduate junior college,

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<v Speaker 1>where it costs ten dollars a unit. So I have

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<v Speaker 1>more money in there than I know what to do with,

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<v Speaker 1>except it's a ten percent penalty on top of on

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<v Speaker 1>top of my interests or on top of ordinary income.

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<v Speaker 1>So I'm going to keep it for my great grandchildren

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<v Speaker 1>personal seed.

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<v Speaker 2>Now, that's smart, that's part of there. You believe in

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<v Speaker 2>five nine planet offers, Yeah, you can go to grandkids,

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<v Speaker 2>that's right.

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<v Speaker 1>So my kids are twenty nine, they're not gonna have

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<v Speaker 1>kids for a while. So let's say they have kids

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<v Speaker 1>at thirty three, thirty four, which makes a lot of sense.

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<v Speaker 1>And then so I got another three or four years

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<v Speaker 1>plus eighteen years when their kids are born, So we're

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<v Speaker 1>looking at twenty two years of growth. So it's gonna

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<v Speaker 1>be worth just a ton of money, except that tuition

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<v Speaker 1>will be more than a ton of money. So let

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<v Speaker 1>me go into the five twenty nine plan. There's a

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<v Speaker 1>there's a world to this, and that is parents. More

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<v Speaker 1>parents are investing into their five twenty nine with bitcoin.

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<v Speaker 1>I mean, do we really want it to be that

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<v Speaker 1>vaultly might as well take the money and go to

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<v Speaker 1>Las Vegas the five twenty nine plan and put it

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<v Speaker 1>on a roulette wheel. You don't know.

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<v Speaker 2>Yeah. So interestingly enough, this was there was an article

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<v Speaker 2>in Bloomberg kind of talking about this bill, and it's

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<v Speaker 2>these parents are actually instead of five twenty nine plans,

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<v Speaker 2>they're putting money into bitcoin, and they're saying, ah, I'm

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<v Speaker 2>not going to go through the traditional route that's going

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<v Speaker 2>to offer me tax savings. Instead, I'm just going to

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<v Speaker 2>buy more bitcoin and hope that that goes up at

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<v Speaker 2>a faster, faster clip. Instead of traditional investments, and so

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<v Speaker 2>they're basically like given the heisman to a traditional plan

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<v Speaker 2>that has worked out well for so many parents, and

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<v Speaker 2>I like the five to twenty nine plan. I typically

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<v Speaker 2>caution parents like, hey, make sure you're saving well for

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<v Speaker 2>your own future before you jump into investing and saving

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<v Speaker 2>for your kids college, because hey, the retirement, the sum

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<v Speaker 2>of money you need for that as much bigger, and

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<v Speaker 2>there are no scholarships available for that. But investing in

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<v Speaker 2>bitcoin for your kids for your kids future, I think

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<v Speaker 2>makes very little sense. I think the basics, getting the

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<v Speaker 2>basics right, using the five twenty nine plan the way

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<v Speaker 2>it was intended, especially given the greater levels of flexibility

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<v Speaker 2>that a five to twenty nine plan offers these days,

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<v Speaker 2>I think that's a much better route than going all

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<v Speaker 2>in on bitcoin.

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<v Speaker 1>Yeah yeah, now I misunderstood. I thought they were putting

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<v Speaker 1>their five twenty nine money into bitcoin, which I'm assuming

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<v Speaker 1>can be done because you can pretty well, you can

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<v Speaker 1>can pretty well.

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<v Speaker 2>Invest, you can look at a risk of all the

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<v Speaker 2>investment options that your five to twenty nine offers. So

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<v Speaker 2>if you go into you can actually go to the

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<v Speaker 2>Scholarshire five to twenty nine Planned website, or you could

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<v Speaker 2>look on a website like saving for College dot com,

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<v Speaker 2>and they list out all of the investment options and

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<v Speaker 2>the expenses of those options, and there isn't actually while

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<v Speaker 2>inside of like let's say your four O one K

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<v Speaker 2>or your IRA or your taxable brokerage account, you can

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<v Speaker 2>invest in a bitcoin ETF. Those are not actually available

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<v Speaker 2>from most of these five twenty nine plan unhit, I

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<v Speaker 2>haven't seen one that's offering yet. So you would think that, oh,

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<v Speaker 2>maybe that's readily okayble now, but not inside of five

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<v Speaker 2>point nine plans.

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<v Speaker 1>Yeah, you would, and you would think that it's and

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<v Speaker 1>you think it's only a question of time before it

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<v Speaker 1>does become available because even though the uh people companies,

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<v Speaker 1>the service organizations that are accepting bitcoin or is not

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<v Speaker 1>growing as quickly as anticipator or as bitcoin wanted, it's

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<v Speaker 1>still growing real quickly. And that is the five twenty

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<v Speaker 1>nine savings plan. This is where I'm going to pat

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<v Speaker 1>myself on the back and thump my chest. Investing in

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<v Speaker 1>a five twenty nine plan early early early days is

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<v Speaker 1>uh well, let me put it this way. My five

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<v Speaker 1>twenty nine plan was fully I think it was basically

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<v Speaker 1>done when the kids were eighteen. Now we are ten

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<v Speaker 1>years later because I started so early, and it's like

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<v Speaker 1>anything else, it's all compound at the end. So a

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<v Speaker 1>little bit, a little bit, a little bit, a little bit,

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<v Speaker 1>and you're home free, and your kids get a college education,

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<v Speaker 1>and you're not screwing yourself either. You're not putting away

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<v Speaker 1>a ton of money or mortgaging your house.

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<v Speaker 2>The other reason to start early space are now five

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<v Speaker 2>twenty nine plan, even if you're talking about like not

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<v Speaker 2>big bucks, but just putting a little bit of money

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<v Speaker 2>in to get a clock rolling. And that's because of

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<v Speaker 2>the new rules about five twenty nine to roth rollovers,

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<v Speaker 2>because you can't move money from a five to twenty

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<v Speaker 2>nine plan into a roth IRA unless it's existed for

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<v Speaker 2>at least fifteen years. And that's just existed, so there's

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<v Speaker 2>something even if you drop fifty bucks in there and

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<v Speaker 2>you don't put money again in again for years. That's

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<v Speaker 2>the one exception to my rule about saving for your

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<v Speaker 2>own retirement first. If you're like, listen, I know I'm

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<v Speaker 2>going to put more in at some point, but getting

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<v Speaker 2>that fifteen year clock going, which would mean starting off

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<v Speaker 2>that five twenty nine plan when your kid's super young,

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<v Speaker 2>that I think is is something that people should take notice.

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<v Speaker 1>Of, all right, Joel, thanks much. Sunday twelve to two

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<v Speaker 1>here on ki social address at how to money Joel,

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<v Speaker 1>And that's on X. Don't you use the word Twitter?

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<v Speaker 1>Do you still use the word X?

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<v Speaker 2>I just don't use it at all.

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<v Speaker 1>I guess did he just leave? Oh good? Why does

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<v Speaker 1>it say on X? I have no idea. Okay, we're done, Joel,

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<v Speaker 1>Thank you.

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<v Speaker 2>Thanks Bill,