Speaker 1: Hey, good morning, everybody, Happy Friday as we broadcast live
Speaker 1: on the road today. Mercurial Wealth Advisors, Uh, you can
Speaker 1: stop by tomorrow they're gonna have a shredded event, which
Speaker 1: means if you have documents you need shredded. Most companies charge,
Speaker 1: but tomorrow it's gonna be free, right out front of
Speaker 1: their office and their lobby here at ninety one hundred
Speaker 1: Shelbyville Road.
Speaker 2: Can be located a stone's throw from Skyline Chili.
Speaker 1: WHOA, that's true. You go right down that road.
Speaker 2: You come by, you get all your business shredded, and
Speaker 2: then you know what you do what you reward yourself
Speaker 2: with a large five way And you think I'm will
Speaker 2: say you think it will say cheeze coney.
Speaker 3: You're ready for the curveball?
Speaker 1: What Chiledoh chalito chialito with the sour cream? Yeah, yeah, yes, No.
Speaker 2: I wouldn't say eighty six to sour cream, but anybody
Speaker 2: would freak out on.
Speaker 1: Me because that's restaurant lingo, that's for sure. Mercurio Wealth Advisors,
Speaker 1: Alan Troy Bolton, they're your financial advisors. Folks. You need
Speaker 1: a coach. Even Michael Jordan had a coach. You need
Speaker 1: a coach to get you through it. Whether you're barely
Speaker 1: towards retirement or you're already retired. You it's like a boat.
Speaker 1: You got to have a wrench on it all the time.
Speaker 2: And you don't want to start at the last second.
Speaker 2: It's never ever too early to start saving. I wish
Speaker 2: someone would have got a hold of me at eighteen
Speaker 2: years old.
Speaker 1: Well, thank thank god.
Speaker 3: For our wives. Yeah, no, kidding, right, our.
Speaker 1: Wives said, hey, we need a plan absolutely for what.
Speaker 1: Now is the time because Dwight and I always said,
Speaker 1: well we only need some board shorts and some flip flops,
Speaker 1: but we're gonna need a little more than that.
Speaker 2: Well, neither one of us, to be truthful, thought that
Speaker 2: we would be alive at fifty seven.
Speaker 1: That's true, so you know, well, yeah, neither one of
Speaker 1: us supposed to. We're you actually, I know, I actually
Speaker 1: really tested that theory. I really tested that theory. But
Speaker 1: it is retirement is weird and uh we I don't
Speaker 1: want to say. Jack, They were like, look, how what
Speaker 1: you spending a month? And Jack and now look at
Speaker 1: each other. We're like, we're not really.
Speaker 3: Sure at all.
Speaker 1: So we sat down and did a couple of months
Speaker 1: and then averaged it out and they're like, you're gonna
Speaker 1: need that mostly in retirement. And we looked at each
Speaker 1: other and I don't want to say the number because
Speaker 1: we were like, we couldn't believe we spent that much
Speaker 1: a month. We were like, that's how much is going out.
Speaker 1: We're gonna need that per month, which is scary.
Speaker 2: Right now, my net worth is twenty three, but susans Yeah.
Speaker 3: Yeah, the Susan's a little higher, you know.
Speaker 1: Okay, So it's a big weekend folks. Crusade for children
Speaker 1: or at Crusade for children, not just the trivia is
Speaker 1: happening this weekend. I'll be out there Sunday with Terry Minors.
Speaker 1: Terry will be on TV tonight a on WHS eleven.
Speaker 1: Of course there's the seventy fifth birthday of Saint Matthew's
Speaker 1: with the bands in Brown Park, and of course the
Speaker 1: Shredded event tomorrow from ten am until one pm. Again,
Speaker 1: there's a tent set up right out front of me.
Speaker 1: Curia Walter Advisors, ninety one hundred, Shelby bill Road Plus
Speaker 1: we'll give you the phone numbers and everything. They've got
Speaker 1: choice Toroy's got a book. Uh, and you need that book.
Speaker 1: It's a guide book. It's a rule book to say, hey,
Speaker 1: here's what you want to do, don't do this, and
Speaker 1: some advice as you kind of navigate getting to retirement
Speaker 1: because the big questions are taxes, how much more taxes?
Speaker 1: A you're going to be paying? I just finished Yellowstone
Speaker 1: last night and Jack and I was like, you know,
Speaker 1: the sad thing is is that is that one of
Speaker 1: the worst things for America is people can't keep their land,
Speaker 1: can't keep your house because taxes go up every month,
Speaker 1: and the government can't wait to say, oh you can't
Speaker 1: afford that. Okay, you're gonna have to sell it. Do
Speaker 1: people that want to do something different with it.
Speaker 2: Well, you know, I'll live off the grid, so under
Speaker 2: an oak tree out of the woods.
Speaker 4: I was gonna say, but no way, I am or
Speaker 4: the grid. I am the grid. No, but it is
Speaker 4: serious business. It is nice to know what you need,
Speaker 4: how much you need. More importantly, when you can retire
Speaker 4: and factor in all those factors of taxes going up,
Speaker 4: oh my god. I mean, because that's it's so out
Speaker 4: of most people's league unless you're in that industry.
Speaker 3: It just makes it easier for you. Yeah.
Speaker 1: Well, I won't have to worry about inheritance tax for
Speaker 1: my family.
Speaker 3: You have that money.
Speaker 2: Did I tell all my niece, all my nieces and nephews,
Speaker 2: they know that they're in my will in pencil, so
Speaker 2: they can be at any time.
Speaker 1: Any day now. But to get back to that point,
Speaker 1: if you do your what you're spending every month, Let's
Speaker 1: say it's eight thousand dollars a month, you're spending eight
Speaker 1: thousand dollars as a family or a couple, you're gonna
Speaker 1: need at least that because things are gonna get more
Speaker 1: expensive and everything else. You're gonna need eight thousand dollars
Speaker 1: a month. How are you generating that eight thousand dollars
Speaker 1: a month in retirement? That's scary. But the best thing
Speaker 1: about this place is that you get to our age.
Speaker 1: I'm fifty six, Dwight is sixty three, and you get
Speaker 1: you get to a point to where you can choose
Speaker 1: your retirement date February twenty four of twenty thirty three, right,
Speaker 1: whatever it is, and you're just like I have now,
Speaker 1: I have a date. I have a date to retire.
Speaker 1: That's a really good date.
Speaker 3: I when you start the countdown, start the.
Speaker 1: Countdown clock and that's what a curio can do, is
Speaker 1: set that date for you, so I'd come on by again.
Speaker 1: The shredded event is tomorrow, all right, So lots going
Speaker 1: on Crusade. We got Saint Matthew's birthday. They've canceled the
Speaker 1: B twenty five that's taking off from yas Field with
Speaker 1: the Honor here a Bluegrass Honor flights. They I don't
Speaker 1: know how many World War Two vets they were putting
Speaker 1: on that ding, but we talked about it last week.
Speaker 1: John and I went and saw it last year and
Speaker 1: John and I were like, of course the World War
Speaker 1: two vets. They're like you punks because we were like,
Speaker 1: we were like, I'm not sure I'm getting on an
Speaker 1: eighty year old plane. Because it took a little bit.
Speaker 1: They went can can can can Can Can Can can
Speaker 1: can't can't can can can can can't can't. Boom, the
Speaker 1: explosions went off, boom, and all this black smoke came
Speaker 1: out of the engines and then downed it out. We're laughing,
Speaker 1: but it looked cool. It looked cool. I'm not sure
Speaker 1: if I want to get on it.
Speaker 2: And the only way I would get one one if
Speaker 2: they let me wear the little leather helmet, you know,
Speaker 2: with the goggles, and I can run out to it
Speaker 2: with a leather jacket on and a scarf.
Speaker 1: Oh look, it's make a wish. He used to fly
Speaker 1: in the plane.
Speaker 3: Hey, you know what?
Speaker 2: So so I've got a torn achilles tenn't wait what happened?
Speaker 2: I might contact the dream of wish.
Speaker 3: It's foundation.
Speaker 2: Dream of wish is set wish. Dream of wish is set.
Speaker 3: Up for guys like me. Yeah, that have overcome.
Speaker 1: No dream of wish? Was you going to a bar
Speaker 1: late at night.
Speaker 2: In the eighties, Hey, we got to talk about it.
Speaker 2: Normally we don't talk about national politics on it. Sometimes
Speaker 2: we do.
Speaker 1: I know what you're gone, let's say.
Speaker 2: But yesterday when the Department of Agriculture released their study
Speaker 2: on cherries, I thought that was ridiculous.
Speaker 1: Absolutely, you never sent me national politics.
Speaker 3: And I said it yesterday yesterday, Yeah it was.
Speaker 2: It was Elon going on and saying major bomb drop
Speaker 2: that Trump is uh is involved in the Epstein files.
Speaker 3: But here's what I'm thinking.
Speaker 2: And I'm maybe I'm wrong, and I usually am. I
Speaker 2: think they ricahoots together and it's a big show. I
Speaker 2: don't know, but I just don't know what to believe
Speaker 2: anymore unless I see it with my face in person.
Speaker 2: AI has made it where I can't. I can't watch
Speaker 2: a video and say, oh, yeah, that happened.
Speaker 1: Well, who could have predicted that. Donald Trump and a
Speaker 1: bunch of billionaires that never hear the word know we're
Speaker 1: going to last more than six months. I mean, these
Speaker 1: billionaires get to be billionaires because they push people around.
Speaker 1: They get what they want their they're manipulative. They are
Speaker 1: very good at what they do. But they also don't here. No,
Speaker 1: they have a whole team of people that have great idea. Sir,
Speaker 1: I don't like it. I love it, and hey, that's
Speaker 1: our phrase. I get that. But who knew that after
Speaker 1: a while it was gonna be But he's got a
Speaker 1: good point. Elon Musk, I think he's got a good point.
Speaker 1: His job was doze to kill, to not kill, but
Speaker 1: to cut expenses, and then the big beautiful bill came
Speaker 1: out and he disagreed with it, and that's when the
Speaker 1: seed of discontent was planted. Okay.
Speaker 2: I also remember when Handsome Jimmy Valiett got in a
Speaker 2: feud with Billy Superstar Dundee and he trashed his car
Speaker 2: with a baseball bat and different examples like that on
Speaker 2: Saturday Morning Wrestling.
Speaker 1: He wasn't really Billy Dundee's car.
Speaker 2: What Yeah, no, but I'm just saying it's all a
Speaker 2: big show.
Speaker 1: Didn't Billy Dundee have a like a Texas star on
Speaker 1: the butt of his head?
Speaker 2: He was Australian, Oh is Australian.
Speaker 1: He had a star on all these little panties that he.
Speaker 3: Wore when he wrestled.
Speaker 2: Panties, Man, they kind of looked like pannies. Man, they
Speaker 2: were wrestling. Oh, no, wrestling performance shorts. Hey, you know
Speaker 2: Billy Dundee is still out there. Uh, Joey Strader sent
Speaker 2: me a thing a while back. It was just like
Speaker 2: him at some show. I don't know if he surely
Speaker 2: he's not wrestling.
Speaker 1: No, man, you're talking about that was forty years ago, dude.
Speaker 3: Yeah.
Speaker 2: But people said I would never survive this Achilles standing
Speaker 2: and look at me here right now.
Speaker 3: Everyone said, you know, they did neither, not even the
Speaker 3: doctors that.
Speaker 1: One said we all around you wouldn't survive.
Speaker 3: No, that's not what they said.
Speaker 2: I was on the table and doctor Ellis and doctor
Speaker 2: Bodenhausen came in and both.
Speaker 3: Of them it's the look on both of their faces.
Speaker 1: Okay, uh, let's talk about Okay, I'm gonna give you
Speaker 1: a guess. I don't know if you saw the story.
Speaker 1: If you saw the story, then don't then you can't
Speaker 1: be legitimate. And guess how how many years has Little
Speaker 1: Garden has been closed?
Speaker 3: All right, let me do the walk back on this.
Speaker 2: I'm gonna say, Okay, I'm gonna kind of come within
Speaker 2: a window or to have these.
Speaker 1: Guess you're right on it. It's nineteen twenty, it's nineteen
Speaker 1: years two thousand and six. So when I saw that,
Speaker 1: I was like, it's been closed since two thousand and six.
Speaker 1: And I was like, I thought I went to a
Speaker 1: show or did an event there after two thousand and six,
Speaker 1: But I guess I didn't. And God bless the people
Speaker 1: that have to fix that place up. Do you understand
Speaker 1: nineteen years of nothing.
Speaker 3: That's the city's fault.
Speaker 2: Oh if if you ask me.
Speaker 1: That's three mayors, by the way, that's three mayors of
Speaker 1: letting that go.
Speaker 2: You talk about all of these initiatives that we have
Speaker 2: had in the past. Hey, it's you know this and
Speaker 2: that and the other deal or whatever. You know, the
Speaker 2: city builds up something I would have loved to have
Speaker 2: had Louisville Gardens just semi restored. Listen when I went
Speaker 2: to Louisville Gardens for concerts, yeah, in the eighties, Yeah,
Speaker 2: it wasn't all that. Uh, it was pretty worn down then.
Speaker 1: Man, you know that's a great point. Yeah.
Speaker 2: Yeah, like Woisville Gardens, same with Cincinnati Guards. You don't
Speaker 2: walk in and go, wow, look at this. No, everything
Speaker 2: is smoke stained, everything has a tinge of brown on it.
Speaker 3: But I love Destroyer.
Speaker 2: The roof always had missing tiles, always, whether if you
Speaker 2: were there for wrestling on Tuesday nights, if you are
Speaker 2: for a concert, graduation. It never looked good. But I
Speaker 2: loved the venue. I know so many great concerts there
Speaker 2: and there was not a bad seat in that house.
Speaker 2: I was hoping they were gonna revive that with a
Speaker 2: hockey team or something.
Speaker 3: Yeah, but no, so yesterday they uh.
Speaker 1: And I will say this, Uh, Robert Stuivers, the President
Speaker 1: of the Senate. I get if you don't agree with
Speaker 1: his politics. I understand that that's what America is about.
Speaker 1: But if you're a little villion you have no idea.
Speaker 1: Robert Steivers, the President of the Senate in Frankfurt is
Speaker 1: the most Louisville friendly. Oh, Frankfurt leader. Now I'm gonna
Speaker 1: say contemporary Louisville history, because I'll go back about fifty years.
Speaker 1: I go back to Harvey Sloan in the seventies. So
Speaker 1: I don't I can't tell you the sixties or fifties.
Speaker 1: But he is the he's the friendliest. He's he remark,
Speaker 1: what was the last not this past session, but the
Speaker 1: one before, two billion dollars to Louisville. Louisville's gotten zero
Speaker 1: from Frankfort.
Speaker 3: Viever.
Speaker 1: All right, he's the first guy that said we're gonna
Speaker 1: work with Louisville. Not just work, we're gonna help them
Speaker 1: get where they need. And he's part of this initiation, and.
Speaker 2: He's part of the initiative. And here's another part of
Speaker 2: that initiative. There's been a lot of people in the
Speaker 2: Republican Party to start winning these House seats, right, these
Speaker 2: Senate seats. So he's recognized that, hey, you know, and
Speaker 2: so things are actually starting to get done in Louisville
Speaker 2: through Frankfort in the General Assembly.
Speaker 3: But my wife was down there, she was part of this.
Speaker 1: She was part of that, and I was so proud
Speaker 1: to see her there.
Speaker 2: So Susan was there, you know, and I was I
Speaker 2: was being brave yesterday. Oh right, but I wasn't that brave.
Speaker 2: So she went down there. And then last night I
Speaker 2: talked to her. I said, how the guardens thing? I said,
Speaker 2: what did it look like? She said, it looked like
Speaker 2: the last time we were there. And then I said,
Speaker 2: I said, I what because I carved my name in
Speaker 2: one of those seats in a Judish priest concert.
Speaker 1: Because the people don't understand the back of the wood
Speaker 1: there wouldn't seats.
Speaker 2: Woulden't there seats? Yes, And I carved my name in
Speaker 2: one of those wooden seats. I said, I wonder she goes.
Speaker 2: They were all the wooden seats. Everything's the same.
Speaker 1: Uh, Tom Petty, I saw him there. One of the
Speaker 1: best concerts I've ever seen.
Speaker 3: Yeah, I had to work the station.
Speaker 2: That was the Wildflowers tour, and they said the entire
Speaker 2: one before that, Oh I remember Wildflowers.
Speaker 3: He kicked it off in Louisville. Everybody got to go
Speaker 3: but me.
Speaker 2: Gary Guthrie made me stay home or stay home, stay
Speaker 2: at the station and work.
Speaker 1: Where was I backstage with some girls?
Speaker 2: Yeah, with the bass player and his name was Kenny
Speaker 2: bart Hen Henderson Fould and fall.
Speaker 1: As the weird looking guy in the in the track
Speaker 1: matching track suit and blonde hair guy.
Speaker 3: Which which are you? I don't know you hear me?
Speaker 3: I can't hear myself?
Speaker 1: Is with us here at Mercurial Wealth Advisors ninety one hundred,
Speaker 1: Shelby a little road, UH Saturday tomorrow ten to one.
Speaker 1: They'll be doing a free UH shredding event and they'll
Speaker 1: have some lunch for you too, if you want to
Speaker 1: come by and say hi to us. Today we have
Speaker 1: Chrispy Krean Donuts.
Speaker 3: I'm already sure. How mey? Have you had UH two
Speaker 3: so far?
Speaker 5: The count is going White calls them.
Speaker 3: Yeah, I've got a lot.
Speaker 1: You have two. There's two reasons why you're coming on
Speaker 1: it here. First, you're gonna do the joke of the day.
Speaker 3: We're gonna go to break, okay.
Speaker 1: But then you found your fiance on grinder. Yes, no,
Speaker 1: I'm sorry, I'm sorry, hinge, I apologize. I don't know
Speaker 1: any of these sides.
Speaker 3: Which name stay, which fiance? I'm just kidding.
Speaker 2: Oh my god, you can't do this to us because
Speaker 2: we're listen the jury's out. Tony our convinced she's gonna
Speaker 2: leave you at the altar, right, Yeah, we're just bet on.
Speaker 3: We just beat honest with you, bro, You're gonna get
Speaker 3: a free party.
Speaker 2: So we thought at least you would let you get
Speaker 2: the bachelor party and then she's gonna have the wedding
Speaker 2: shower with.
Speaker 3: But you freaked this out.
Speaker 2: Man, We thought she already dumped you.
Speaker 1: Well, sorry, grinder, it's a hinge yes, all right, uh my, apologies.
Speaker 1: We'll talk about that how that works out. Let's do
Speaker 1: the joke of the day. John back in the studio. John,
Speaker 1: you know what I'm doing?
Speaker 3: Just fine? Oh, good to hear you.
Speaker 1: Are we not We're not overmodul.
Speaker 3: No, no we have Yeah, we're on. Yeah, you guys sound great.
Speaker 1: Proper modulation. Thank you, all right, Austin. Joke of the Day,
Speaker 1: June sixth, twenty twenty five.
Speaker 5: That's right, it's good to be back on here, guys,
Speaker 5: Happy Friday. Well, I love the immunity music to always do.
Speaker 2: I love well, you gotta have the immunity music because listen,
Speaker 2: some people, I'm not naming names on this show.
Speaker 5: Some people put in some turd. Joke of the Day interesting.
Speaker 5: I wonder who that can be. We gotta we gotta
Speaker 5: find that out.
Speaker 3: I don't know.
Speaker 5: Well, hey, fellas, you got a country music joke for you. Yeah,
Speaker 5: I was kind of feeling the room when I walked
Speaker 5: in and thought that that would be apropos for a
Speaker 5: Friday that listen, that wasn't.
Speaker 1: The room apropos apropros?
Speaker 5: All right, what do you get when you play a
Speaker 5: country music song backwards?
Speaker 3: I don't know.
Speaker 5: Ahead, you get back your wife, your dog, and your.
Speaker 3: Friday. Baby.
Speaker 2: That's what I'm talking about, number one. When we're talking
Speaker 2: about highest quality number one and highest craftsmanship number one,
Speaker 2: and it's value plus. Pellow windows and doors. They're not
Speaker 2: just made right here in the USA. No, they're right
Speaker 2: here in Kentucky as a matter of fact, by your friends,
Speaker 2: your neighbors, and you. Compella now and pay later. Go
Speaker 2: look at these windows right now while you're at work.
Speaker 2: Go to Pella Louisville dot com. Make your life brighter,
Speaker 2: and Pella now and pay later.
Speaker 3: We'll be back. Oh no, lots of I love lots of.
Speaker 1: Jackie said this morning, are you gonna eat the chicken
Speaker 1: sweet that's in the refrigerator? And I was like, yes,
Speaker 1: she goes. I said you can have it.
Speaker 2: This is actual giver, this is actual audio John Olden, Yeah,
Speaker 2: he goes the extra mile.
Speaker 3: I know I'm here, all right, all right?
Speaker 1: Uh go a loft Apasta three six h thirty seven
Speaker 1: seventeen Lexing Road in the heart of Saint Matthew's. I
Speaker 1: know that address because it seventy years ago. My grandfather
Speaker 1: had it add an appliant store. There is that kind
Speaker 1: of weird or what at thirty seven seventeen like studs
Speaker 1: in row.
Speaker 2: Hey, lady, you want to dishwasher and stuff, get in here.
Speaker 3: I'm Grandpavanedti.
Speaker 1: Thank you, Man Tonynetti or bad Grandpa Benetti. Back after this.
Speaker 1: News Radio eight forty whs Hallo, Joe Bosh, all right,
Speaker 1: welcome back news Radio eight forty whas the Tony and
Speaker 1: Dwight jo brought you by the Kentucky Office of Highway Safety.
Speaker 1: Come on by tomorrow mer Curi your Wealth Advisors a
Speaker 1: free shredding event from ten am to one. It's set
Speaker 1: up right on the sidewalk. Actually, you could probably pull
Speaker 1: up Troy and just hand the stuff and then they'll
Speaker 1: shreddit or you have to get out of the car
Speaker 1: and all that.
Speaker 6: Oh no, we'll have a well, the truck will be
Speaker 6: right out front. You can pull right up there, drop
Speaker 6: everything off on load park, come in with some barbecues.
Speaker 1: So what are you suggesting?
Speaker 3: Why?
Speaker 1: Well, what stuff do we shred?
Speaker 6: Any documents that old? Documents that are too old, usually
Speaker 6: keep tax returns for about five years. Okay, And let's
Speaker 6: be honest. Most people have everything digital these days. Yeah,
Speaker 6: so having them in hard copy printed is a little outdated.
Speaker 6: So just bring that stuff in. We don't need that
Speaker 6: those records in house. Let's bring everything in shred.
Speaker 1: Got some stuff in the addict I needed to show.
Speaker 2: Yeah, the secret to getting ahead is getting started.
Speaker 1: Oh yeah, look at you. Is that your quote?
Speaker 2: No, that's Mark Twain. And it's in the book Retirement
Speaker 2: three to sixty Game Planned by Troy Bolton. Uh and
Speaker 2: it covers longevity.
Speaker 3: Call this thing.
Speaker 2: It covers everything that you need to know for guys
Speaker 2: like my age and younger or older even.
Speaker 6: It's basically a roadmap into our retirement planning process.
Speaker 3: How do people get this book, Troy?
Speaker 6: They can text in the word book to five eleven
Speaker 6: eighty eight.
Speaker 1: Two seven eleven eighty eight. The Word Book it's it's printed,
Speaker 1: by the way, in larger print for me, for for uh.
Speaker 1: It's perfect for guys like.
Speaker 6: Us, Allen mind, just to make sure.
Speaker 2: But you know what I do like it that way, man,
Speaker 2: Yeah too, you get it easy read.
Speaker 3: Yeah, you got to read this thing. All right.
Speaker 2: Let's talk about planning for retirement. Because I'm fifty seven.
Speaker 2: I plan on retiring as quickly as possible. I'm gonna
Speaker 2: do an extra year with Tony if they don't fire us,
Speaker 2: so we can go out together house. I mean, I'm
Speaker 2: guessing in your teams you can start, or even later
Speaker 2: in life you can start.
Speaker 3: Let's talk retire.
Speaker 6: You definitely need to start saving in your early years, Okay,
Speaker 6: as soon as you start working, start saving, Start building
Speaker 6: up that emergency account, Start investing as soon as you can.
Speaker 6: There's nothing more powerful than compound interest over twenty thirty,
Speaker 6: forty fifty years. It's amazing how much you can build
Speaker 6: if you just start young, start later. It's a little
Speaker 6: bit hard. You gotta play catch up. Gott to save
Speaker 6: a lot more at a time. But then when you
Speaker 6: get to what we call the retirement red zone is
Speaker 6: fifty and up, you're ten to twelve years out from retirement.
Speaker 6: That's when the planning really gets excited.
Speaker 1: Here's what he's gonna tell you about the stock market, right, Yeah,
Speaker 1: stock market pays off three out of four years? Is
Speaker 1: that on average?
Speaker 6: It's actually about.
Speaker 1: It's higher than that, Isn't it six out of eight years?
Speaker 1: Six out of eight years. You're gonna win in the
Speaker 1: stock market. It is. It's the It is a It
Speaker 1: really is a payoff. And whether it's six percent or
Speaker 1: some years twenty five percent.
Speaker 6: It can be huge depending on your risk tolerance. But
Speaker 6: the worst thing that can happen if you're ten years
Speaker 6: out from retirement, let's say a two thousand and eight happens,
Speaker 6: you lose forty percent of your portfolio. Your playing just changed. Yeah,
Speaker 6: you're not working. You're not retiring when you want to.
Speaker 6: Now you're working another three to four years because in
Speaker 6: two thousand and eight, when the market dropped, it took
Speaker 6: four to five years just to break even.
Speaker 1: Yeah.
Speaker 2: Troy Bolton is our guest his book Retirement three to
Speaker 2: sixty Game Plan. Troy, I will get back to what
Speaker 2: you said about compound interest, because it's absolutely fascinating and
Speaker 2: I'm sure you're familiar with the charge and you'll correct
Speaker 2: me because my mouth will be off.
Speaker 3: But it shows on this.
Speaker 2: Someone at eighteen years old putting in two thousand dollars
Speaker 2: a year, and then they stop and I want to
Speaker 2: say age twenty.
Speaker 1: Five thirty or so, let's say thirty thirty.
Speaker 2: Then to show somebody picking up at that age eighth
Speaker 2: or age thirty, whatever it might be, and contributing that
Speaker 2: amount all the way to retire it. They never really
Speaker 2: catch up. I think it's amazing.
Speaker 1: On this compound you're saying, you're saying the guy that
Speaker 1: invested early, it has more money or the same. Yeah,
Speaker 1: and stop investing.
Speaker 6: That's so much more because he started early and he
Speaker 6: has more time for that to grow. And it's even
Speaker 6: the same way when we look at our kids. Some
Speaker 6: walls that they change here recently with the five twenty
Speaker 6: nine plans used to only could spend that on educational census.
Speaker 6: I know, well, now you can take that money and
Speaker 6: put it into a WROTH plan for your children. I
Speaker 6: mean think about that.
Speaker 1: Wow. Yeah, if thost corporations limit your WRATH contributions to right,
Speaker 1: because again the government wants their money. Oh all right,
Speaker 1: So if you do the tradition four to one k,
Speaker 1: which is Dwight and I. My wife has been doing WROTH,
Speaker 1: but only a certain percentage for her corporation, but they
Speaker 1: only allow her to do a certain amount of Once
Speaker 1: she hits that number, she can't put any more in
Speaker 1: for the rest of the year. I find it fascinating
Speaker 1: because and we will only know until we retire and go, well,
Speaker 1: I'm glad you did that WROTH because you already paid
Speaker 1: the taxes on it, but you're forced to take I
Speaker 1: don't know, Dwight. Are we gonna do seventy two and
Speaker 1: a half? Are we gonna make it?
Speaker 6: It's seventy five for you?
Speaker 1: Is it? Well, it's you mean the mandatory withdrawal is
Speaker 1: seventy five seventy year and then what do they have
Speaker 1: to take out?
Speaker 6: You have to take out? It's about four percent starting
Speaker 6: at seventy five, and the increases.
Speaker 1: Of your total money you have in there pre tax money, okay,
Speaker 1: because they want their money.
Speaker 6: They want their money even if you don't need it,
Speaker 6: and that becomes a big issue.
Speaker 1: Right.
Speaker 6: We have some clients that have let's say there's social security,
Speaker 6: a decent pension, and they have all this IRA money,
Speaker 6: Let's say a million dollars setting in an IRA pre
Speaker 6: tax account.
Speaker 1: Are you okay, Dwight. Dwight thinks. Dwight thinks there's an
Speaker 1: ice cream truck. I wanted, Troy. I wanted to warn
Speaker 1: you because even with the cast, he was going to
Speaker 1: start running. He was going to start running for the
Speaker 1: ice cream.
Speaker 6: I heard something. I don't know what it was.
Speaker 2: Moll always told me when I was young, when you
Speaker 2: hear the noise the music, it means he's out of iye,
Speaker 2: you were fat.
Speaker 1: Go ahead, Troy, I'm sorry, no, no, no, So the
Speaker 1: taxes so you mandatory four percent out. But here's the
Speaker 1: conversation that you and I have had on the show before,
Speaker 1: which is we know what the taxes are, now we
Speaker 1: don't know what it's supposed to.
Speaker 6: Change at the end of this year. I heard you
Speaker 6: all talk about the big, beautiful bill that's supposed to
Speaker 6: extend those maybe make him permanent. But we've also seen
Speaker 6: the backside of that that it could cause more and
Speaker 6: more debt on the country, so it could cause bigger issues.
Speaker 6: So our focus is to focus on us, our personal
Speaker 6: economy and make sure we're paying as little tax as possible.
Speaker 6: I mean, think about if you had a wroth. When
Speaker 6: you first started investing, you paid the taxes, which CPAs
Speaker 6: hat this pay the taxes now while you're young, start
Speaker 6: investing thirty forty year career of you saving after tax
Speaker 6: tax free money. Now you have a million dollar portfolio
Speaker 6: of completely tax free money that's all yours, A traditional
Speaker 6: four one K. Let's say you're at a million bucks,
Speaker 6: you own seven hundred and fifty thousand, the government owns
Speaker 6: the rest.
Speaker 1: Yeah, no, that's true. I think because my kids now
Speaker 1: are twenty two and twenty and they're cause we're going
Speaker 1: to make sure they're going to do that right, because
Speaker 1: they have parents that are saying, hey, we're doing this,
Speaker 1: you're doing this. John's already put twenty thousand in he's
Speaker 1: twenty two because he got a bonus from the Navy
Speaker 1: and all that, but he's gonna he's invested it. I
Speaker 1: think of the advantage he has going forward, and the
Speaker 1: other kids that have a student loan debt and all
Speaker 1: that that they can't get involved. It is an insane
Speaker 1: concept to start as young, because I didn't. I didn't
Speaker 1: start till twenty nine or thirty years old, but I
Speaker 1: caught up pretty quickly. But it is you have to
Speaker 1: have a coach, and that's what you guys do. But
Speaker 1: I love doing the show. I got it. I'll be honest.
Speaker 1: I've told you this before. I was not thrilled that
Speaker 1: I wanted to do a financial show. It wasn't a
Speaker 1: sports show, it wasn't an entertainment show, and I was
Speaker 1: like a financial show. But after two weeks, what did
Speaker 1: I say to you on the show? I said, so,
Speaker 1: this is fascinating. It's fascinating to dive in to all
Speaker 1: this because it is a game and you need a coach.
Speaker 3: Yeah.
Speaker 6: I think the reason you didn't love it as much
Speaker 6: upfront is because we have a lot of compliance that
Speaker 6: we have to watch.
Speaker 1: Oh that's right. I know it can be a compliance
Speaker 1: of a compliance buster.
Speaker 2: Hey Troy, he's a stickler for the rules. I want
Speaker 2: to go back to your book and I want to
Speaker 2: listeners know how and can get it in a retirement
Speaker 2: three to sixty game played by Troy Bolton, and this
Speaker 2: literally it does cover everything when you're playing it. Medicare, Medicaid,
Speaker 2: this book.
Speaker 3: Seriously, I don't think anything's left out of this. Man.
Speaker 6: We tried not to leave anything out of it. Where
Speaker 6: Allen and I have been in conversations about updating it,
Speaker 6: doing a two point zero version just to give some
Speaker 6: updated information, But really what kind of set it all
Speaker 6: for me? And after we did the book, I'm like, Okay,
Speaker 6: it's great. What's this book going to do. It's not
Speaker 6: like we're selling it to make a profit. We give
Speaker 6: it away for people to learn. I met with a
Speaker 6: guy probably six months after I wrote the book, and
Speaker 6: he said I read the book. He reached out on
Speaker 6: the radio show that we do every Sunday on WHS eleven,
Speaker 6: and he wanted the book. We called him, said do
Speaker 6: you want to meet with an advisor? Not now? He said,
Speaker 6: I want to read the book. So when he called
Speaker 6: back in, he said, you know what, a few things
Speaker 6: that you said in there just just hit home with me,
Speaker 6: right bulls up. I need to set down with you.
Speaker 6: Because I've been with so and so financial advisor for
Speaker 6: thirty years. They mentioned none of this. They don't talk
Speaker 6: about planning, They don't talk about tax planning, income strategies,
Speaker 6: medicare planning, where do I go to get my health
Speaker 6: insurance if I retire before sixty five? None of that
Speaker 6: is mentioned with a regular find.
Speaker 1: Well, let's be honest, people are people businesses or businesses.
Speaker 1: When they've got a client, I don't even it's been
Speaker 1: with them for twenty five years, they're setting and forgetting
Speaker 1: it right. I mean, that's that's what happened. They're not
Speaker 1: bad people. It's just that's what happens. You're like, oh,
Speaker 1: well we have that client. They're never leaving. I'm not
Speaker 1: going to put a wrench on that. And that's not
Speaker 1: the way you all do it at me, Curia.
Speaker 6: Well, and just to twist a little bit what you said,
Speaker 6: or to add a little bit what you said. When
Speaker 6: you look at you have two different types of advisors.
Speaker 6: You have your accumulation specialist, somebody that you're going to
Speaker 6: start with young and just grow, grow, grow, grow grow.
Speaker 6: But then we get to the point where how do
Speaker 6: I start taking money out of this? They'll say, well,
Speaker 6: you can just take a distribution. We'll just take money out, right,
Speaker 6: But we set down, figure out what your goals are,
Speaker 6: how much you need on a monthly basis, and build
Speaker 6: an income plan that's based on your risk tolerance, build
Speaker 6: on how much you have, but that's built on exactly
Speaker 6: what you say you and Jackie want to do. Yeah,
Speaker 6: So it's more customized to you, and we look at
Speaker 6: those strategies. So we focus on distribution side of advising
Speaker 6: more than in it growth side of it.
Speaker 1: And here's the thing I don't want to igno or
Speaker 1: either is people think the retirement is a finish line.
Speaker 1: It's just starting like it's halftime. So you people go, oh, well,
Speaker 1: I'm retired, We're good. No, that's maybe the most time
Speaker 1: you need or retire somebody like mycurial to come in
Speaker 1: and and and guide you through, especially when you get
Speaker 1: up to the seventy eighty years old, when you're starting
Speaker 1: to maybe get in inheritance and how to handle that
Speaker 1: is insane.
Speaker 6: Oh, there's a lot of different rules that you got
Speaker 6: to look at and you got to stick with because
Speaker 6: you can get penalized by the irs pretty heavily. So
Speaker 6: getting a retirement coach is very important. It's fight out
Speaker 6: to your retirement plan. I mean, I think you know
Speaker 6: that just from talking with us for so long. You've
Speaker 6: been dealing with Allen for what ten twelve years now?
Speaker 6: Oh yeah, so and I've been working there for been
Speaker 6: here thirteen years now, so it's been good.
Speaker 2: Yeah, you've been doing what you're doing in the industry
Speaker 2: for almost twenty years and then you write this book.
Speaker 2: It covers HSA and everything.
Speaker 1: And by the way, in this book is it a
Speaker 1: chapter Dwight And.
Speaker 2: No, this is it's just a little as part of
Speaker 2: just one part of a chapter in this book. Is
Speaker 2: there a perfect product when it comes to financial strategies?
Speaker 2: You can find out by getting this Oh I like it.
Speaker 2: Find out if there is a perfect product when it
Speaker 2: comes to financial strategies by getting this book by written
Speaker 2: about Troy Bolton Retirement three to sixty game plan.
Speaker 3: How do they get this free book?
Speaker 6: Easy as possible. All you do is text the word
Speaker 6: book to five two two seven three eleven eighty eight.
Speaker 6: We'll respond with the automated text messages text message, give
Speaker 6: your name address, will send that book immediate.
Speaker 2: Can you give the text number again one more time.
Speaker 6: Zero two two seven three eleven eighty eight this textbook
Speaker 6: and you'll get the book.
Speaker 2: Uh.
Speaker 1: And here's the other thing before we go to break.
Speaker 1: I think people want to know who their advisor is.
Speaker 1: Alan has started this company a long time ago and
Speaker 1: it's morphed into different things, but he has been He's
Speaker 1: South End boy from the valley, from the Valley. This
Speaker 1: is his home. The you know, he started in the
Speaker 1: South End. That's what he is. You have two kids,
Speaker 1: small kids, three sorry, three three boys. You're gonna need
Speaker 1: the money for extra furniture, Sam's furniture and mental health care. Yeah,
Speaker 1: that's but I think it's important people know that this
Speaker 1: isn't an outside this isn't a national company that is
Speaker 1: going to cookie Cutter you. You are local guys, and
Speaker 1: they're not going anywhere.
Speaker 6: We're local guys. My family, Alan's my uncle from South End,
Speaker 6: family owned company. We want to keep it that way
Speaker 6: because that's how we treat our clients as we dream
Speaker 6: like family.
Speaker 3: Yea.
Speaker 6: I have multiple clients that ask me, well, what would
Speaker 6: you do for your mother? That's exact play.
Speaker 1: Amen. Amen, all right, Troy, thank you. We're gonna have
Speaker 1: you on again to talk about retirement. Three sixty the
Speaker 1: game Playing the books written by Troy Bolton. You're gonna
Speaker 1: have a follow up book soon and then we're okay.
Speaker 1: I figured that I have a story of the worst
Speaker 1: that's coming up next to the worst decisions in corporate
Speaker 1: history for the United States. The top one is New Coke.
Speaker 1: But there was a speaking of books. There was a publisher.
Speaker 1: Everyone passed on Harry Potter. Oh really, and some small
Speaker 1: publishing group because the eight year old daughter said, dad,
Speaker 1: you've got to do this. They had like two writers
Speaker 1: on their list. They published Harry Potter and that's a
Speaker 1: multi billion dollar deal.
Speaker 6: Now life changing.
Speaker 1: It is life changing. But the list is crazy, and
Speaker 1: you know, and this is why you need an advisor.
Speaker 1: You never know. You never know what companies are going
Speaker 1: to make. Good decisions are bad. But Troy, thank you
Speaker 1: so much for what you do, bro. And the shredding
Speaker 1: event is tomorrow ten am to one right here at
Speaker 1: ninety one hundred Shelbyville Road, just to take a write
Speaker 1: off Shelby Road if you're coming down towards Hurstborn Lane,
Speaker 1: and you'll see the tent as you pull up, and
Speaker 1: they have a big truck and they'll shred it off
Speaker 1: for you. And you might have some sandwiches or donuts.
Speaker 6: So we have a full barbecue caterer.
Speaker 2: And I want to hit this book one more time
Speaker 2: by Troy Bolton retirement three to sixty Game Plan text
Speaker 2: textbook to five.
Speaker 6: Two, two, seven, three eleven ab eight.
Speaker 1: I love it all right, man, short breaking the go ahead.
Speaker 2: You can invest the thousands that you save at the
Speaker 2: simple body Shop dot com by reading this book. Listen
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Speaker 2: my jeep had been destroyed. Baby, the tailight was gone,
Speaker 2: the bumper, the quarter panel.
Speaker 3: It was horrible, typical da cart.
Speaker 2: Yeah, what had two different estimates on was thirty eight hundred,
Speaker 2: the other was forty two hundred. And by the way,
Speaker 2: I had to go through the body shops get that done.
Speaker 2: Then I just text, uh, the simple body Shop. They said,
Speaker 2: oh yeah, text us some pictures of the damage. That's
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Speaker 2: back to me the very like with an hour and
Speaker 2: a half.
Speaker 3: It was only nine hundred.
Speaker 2: I saved thousands of dollars and I kept it off
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Speaker 2: Simple Body Shop Vsimplebodyshop dot Com and b K Plumbing.
Speaker 1: H b K Biding Supply. Yeah, dude, John Bergen owns
Speaker 1: b K Plumbing Supply. He has hinted there's a possibility
Speaker 1: you get the Toto Nexus. What yes, Oh, yes, So
Speaker 1: what happens is this is next level and it's gonna
Speaker 1: be hard even to use another toilet after you use
Speaker 1: this one. The seat is heated and it's I can't
Speaker 1: tell you how the seat is designed. So when you
Speaker 1: sit down, it fits perfect, more than in all the
Speaker 1: cookie cutter seats that you have. It's it's heated, the
Speaker 1: water is heated. It's a day system. There's a remote control.
Speaker 1: It hangs on the wall next to you. You pick
Speaker 1: it off and you and you can you can decide
Speaker 1: how fast the water is, how warm it is. And
Speaker 1: then of course there's boys and girl parts, so there's
Speaker 1: different streams. I'll tell you what those are.
Speaker 3: I don't even want to go home and see my toilet.
Speaker 1: And then there's an air dryer. You hit the air
Speaker 1: dryer and it dries you off after you're finished. You cannot,
Speaker 1: you will. This thing will change your life. John, John Durgin,
Speaker 1: My stupid toilet just sits there. The seat's cold, it's hard,
Speaker 1: it's not even butt shape. The cold is his heart. Yes.
Speaker 1: BK Plumbing supply called four Asks for John. He sells
Speaker 1: toilets and a lot more. But it's the Toto Aqua
Speaker 1: seven back after this on news radio eight forty whas