TRANSCRIPT FOR THE OCTOBER 22, 2016 “ON THE MONEY” SHOW

Hosts: Roger Johnson, CFP®, AIF® and Joe Bert, CFP®, AIF®

Yes, indeed. It’s an Ask the Experts Saturday morning on WDBO, and this is On The Money, brought to you by Orlando’s oldest and largest independent firm of certified financial planning professionals, that being the Certified Financial Group in Altamonte Springs, and with us this morning is no exception. We’re live in the studios of WDBO, Joe Bert, the Oracle of Orlando is back with us. Good morning, Joe.
Good morning.

And also with us today, Roger, the Geez, John. Also a certified financial planning professional. I don’t know why they call you the geez.

Good morning.

Good morning.

You don’t want to know.

Hey, I’m just happy to be here, and I wish I had worn long pants.

It’s cold out there.

No, it’s beautiful.

Beautiful is right.

This is about my level of tolerance.

Really.

Any colder —

So, if you’re just waking up right now for your weekly dose of the Certified Financial Group advice, then you missed a beautiful sunrise. But no doubt, you have another chance at it tomorrow. But right now, Joe, why don’t you tell everybody what are you taking calls about today?

Roger and I are here to take your calls regarding your personal finances, as we say often that unfortunately our educational system has failed us in teaching us how to save and invest for our financial future. <Inaudible> come a point in time when the pay check stops and you’ll be wondering how do I pay the bills. You’ll have Social Security coming in, and if you’re fortunate enough to have a pension, which most people don’t anymore, you’ll have that coming in, and then you have a difference between what it costs to live and what the income those two sources provide, and that’s where you have to save and invest your dollars. We see the trainwrecks coming into our office on a regular basis of folks that have gone to these free seminars and bought the product that they think will fix all their <Inaudible> only to find out that it isn’t quite what they bought, and make financial mistakes. And I’ve made them in my lifetime, my previous career, and we see it all the time. No matter how educated you might be, no matter what your profession is, there are so many opportunities to get trapped up in the marketing that goes on and the promises for riches, so we’re here to kind of clear the air. If you have any questions regarding your personal finances, about what you need to do now so you don’t look back five or ten years from now and say gee, I wish I would have, or gee, I’m sorry I did. Roger and I are here to take your calls, so we’ll take questions about anything financial, about your 401(k), about IRA, about mutual funds, about real estate, about long-term health care, annuities, life insurance, reverse mortgages, all that and more. We are here. The good news for you is that the lines are absolutely wide open because we just started the show, and you don’t even have to use your real name. You can call in as Daphne if you want to and just kind of pretend you’re somebody else. So, pick up the phone and dial.

Hello, I’m Daphne.

Pick up the phone and dial.

Here’s the number, 844-220-0965. 844-220-0965. You can also send us a short text from your mobile device. That texting number is 21232. 21232. And if you’re so inclined you can use the open mic and your voice can be heard on the program. The open mic of course would be found at the News 96.5 app. But right now we’re taking — we’d love to hear from you. 844-220-0965. As I said, we’re live in the studio with Joe Bert and Roger Johnson. Some of the things we’re going to talk about today are another way to look at health savings accounts, which can be quite confusing, asset protection for retirement, we’re going to talk about flex retirement, and right from the get-go, let’s talk a little bit about some Social Security news.

Yeah. Well, we got some news from federal government that Social Security recipients and I guess future Social Security recipients will be getting a raise on their income, not by much, meaning that — and we didn’t get one last year. There was no announcement of a raise or cost of living adjustment last year, and there will be one for 2017, of 0.3%.

That’s not a lot for mom and dad.

No. No it’s not. That’s a reflection that they’re trying to tell us inflation is low, but it’s still that things are going up in price. The average check of maybe say a recipient is getting about 1,350 a month, that will equate to a $4 a month raise. So, not a lot there, but at least they’re going in the right direction. And the other part of that is — the announcement — is that the maximum limit on wages that are taxable has gone up. So, in the past it’s been 118,500 is the maximum income that you’re taxed on for Social Security. That number is going to go up to 127,200, which will mean if you’re so fortunate to be in that range, if you are up there making over $127,000 a year you will pay approximately another $540 in tax if you’re employed and if you’re self-employed it’ll be double that because you’re picking up both sides of the tax. And that would be an extra a little over $1,000 a year in Social Security taxes.

So just write the check now and get it over with.

They’re telling us <?> mom and dad are getting a little bit raise, but they’re going to have to start paying more in taxes.

No, no, no. It’s not mom and dad. These are the people that are paying into Social Security. Unless mom and dad are still working.

Oh.

So, yeah.

Can I ask you a question?

Yeah.

Everybody’s talking about — well, Joe, they’re talking about after the election, the rates are going to go up.

Well, they’ve been saying that for four years or more.

They’re saying The Fed is just waiting until somebody else is elected and then — they’re saying something about artificial rates now, or — I don’t know anything about that. Could you explain what that’s all about.

Well, the political scuttlebutt is that The Fed isn’t raising interest rates to affect the election, because the fear is that when interest rates go up it’s going to affect the market and bad stock markets could contend <?> poorly for the incumbents, or the incumbent party, so that’s what the scuttlebutt is. I don’t think that’s true; I think The Fed frankly is confused. They’re frightened to raise interest rates and they know the slightest disruption anywhere in the world, whether it’s Brexit, whether it’s China, whether it’s Greece, and any hiccup that we have in the economy, oh, we can’t just do it because — and understandably so. So we’re living in this low interest rate environment. The odds are that — of course they’ve been saying this before, but right now the odds makers say that in December we’ll probably have a — maybe a 25 basis points, which is equivalent to 0.25%, rate hike. I think that’s going to be baked in <?>. What I think we’re probably going to see, Roger <Inaudible> how you feel about this, I think when that happens we’re going to see a short-term decline in the stock market.

Like we did last time they raised it a quarter.

Right. And that’ll be digested, and we’ll move forward. So that’s —

Yeah, it’s good news, bad news thing. If they do raise rates that’s supposedly telling us that the economy is strong enough to handle higher rates. And by keeping them low like this they’ve been telling us that the economy is not strong enough, and it’s kind of obvious that it is not a real strong economy. Very low GDP.

Yeah, my investments aren’t producing anything.

Well, that’s not a direct correlation, but the Gross Domestic Product of the United States is paltry, very slow, very — productivity is very low. And the economy is not roaring by any means. It’s not — it’s barely chugging along, which is maybe a good news, bad news thing as well. We haven’t seen any big corrections over the last — ever since the one in ’08 to speak of, and so we’ve had a rather steady-eddy bull market although the last 19 months — you go back 19 months and the stock market was about where it was 19 months ago.

Yep.

Alright, well, it’s to be determined, I guess.

Well, once again, when it comes to investing, you don’t want to think about short-term. Investing is really for the rest of your life, and unfortunately people make financial decisions, investment decisions based on what’s going on today, what they think’s going to happen next week, what this election means, and they try to time the market, jump in, jump out, only to be whipsawed <?> and find out that they should have not done what they did. The real key to success in investing is to be diversified with quality in the long run, you will be successful. But people don’t have patience. Unfortunately, I think we’re raised in an instant gratification society, particularly with the Internet today and your iPhone. You can pick up, oh, what’s my portfolio doing at the moment. You get on, you make changes, and only to be — investing in stock market is not a casino but many people play it like that and this is where people go wrong.

9:15, it’s a quarter past 9:00 on News 96.5 WDVO. It’s good to have you with us on this Ask the Experts Saturday morning. This is On the Money, brought to you by the Certified Financial Group. Dave Wall is in the news center, and coming up in five minutes he’s got three big stories to tell you about. I imagine one of them will be the weather. How long will this go on? I hope for a while. Alright, again, 844-220-0965. 844-220-0965. One of the things we often talk about on this program are health savings accounts and things of that nature, but you’ve got another way to look at health savings accounts, and we were talking about —

Well, let’s talk about what a health savings account is.

Yeah, well, a health savings account is for particular people that have a high deductible health insurance plan. They’re able to also contribute to a health savings account that will help them pay — excuse me, I get so choked up when I talk about <Background Noise> anyway, it’s a way to save for your medical expenses and you get a tax break, tax-deductible contribution, and when you take the money out of this account you have no tax to pay for medical expenses, which is up to age 65. When 65 occurs, then you go on to Medicare — I almost said Medicaid — but you go on to Medicare and your health savings account comes along with you, but if you still have money in the health savings account you’re not — you can use that for paying part B and that kind of thing. But what my point is about the way to look — another way to look at health savings accounts is you accumulate this money in the health savings account, one method because it’s so tax-efficient going in and so tax-efficient coming out and it grows tax-free so it’s triple tax-favored, one way of looking at these accounts is a quasi-retirement plan. So, over the years if you’re not spending it on medical, if you’re so fortunate not to have a lot of medical expenses and you’re saving this money, feel free to make sure it’s fully funded so you get the deduction, and you may look for a way to also invest it into something other than a savings account. Some companies that have HSAs also offer a mutual fund. So you can put this money to work in the market in a diversified portfolio, per se, and grow it so that maybe for 5, 10, 20 years, you don’t spend that money for the HSA for health expenses. You pay it out of your regular pocket and save this money and have it grow tax-free, tax-deferred, and the money comes out tax-free in your retirement years even if it’s to withdraw for your payments that you’ve made to part B.

So it’s a backup retirement plan.

It is <Background Noise>

There’s no limits on the income like there is on a deductible IRA, and you don’t even have to talk about that because it’s available to you. And the limits, of course you have to have a high deductible health plan, and the limits for an individual that can put in $3,300 for a single and a family maximum contribution or an HSA is $6,550. And if you’re over age 55 you have an additional $1,000 you can put in.

Yeah. <Background Noise>

Yes, again, it’s an Ask the Experts Saturday morning on WDVO, and this is On the Money, brought to you by the Certified Financial Group, where you can get some satisfaction. That takes you back, huh, Joe?

Oh yeah. Those were the days.

It’s 9:25. We’re going to get back to Dave Wall in the news center here coming up in about five minutes from now with a more in-depth look at the news. Right now we’re taking phone calls. Joe Bert and Roger Johnson from the Certified Financial Group. The number is 844-220-0965. Let’s get to a very patient RJ in Port Orange. Good morning, RJ.

RJ, good morning.

RJ.

Hey, good morning. I’m out here cutting grass in this dripping weather.

Alright, did you enjoy that Rolling Stones music?

Yeah. Thanks for taking a break.

RJ.

I’m going to give you a — I’m sorry, go ahead.

Go ahead, RJ. I like your initials. Go ahead.

Okay. Richard <?> Joseph. <Background Noise> and then I have two questions.

Alright.

Alright. My ex-wife passed away, and I’m the beneficiary of a Roth account and a traditional IRA. Now, I was told that it has to be — I have to go to her brokerage account, open up an account, have the funds transferred to there, and then after that it could be transferred to my brokerage account.

That’s correct.

Okay. So it cannot go directly from her brokerage to my brokerage?

Nope.

Because of the Social Security?

Yes.

Okay. Second question is when that transfer is complete, can I make a withdrawal from that Roth?

Sure.

My age is 61.

Sure, yes you can. Yeah <Inaudible> yours, it has to be — this transfer from her to you has to happen where it is now.

Okay.

Then it can be transferred anywhere you want and then it becomes yours. It’s not destined for anything else other than you. And you’re the complete new owner of it and you can do as you please. You can add to it if you have earned income, you can withdraw from it.

Okay. Yeah, well, that’s all I really needed to know.

Very good.

Oh, hey, any tax implications?

Not coming out the Roth, no. When you take it out of a traditional IRA, of course it’ll be taxable to you, but there are no penalties to withdraw from the traditional IRA because number one you’re 59 and a half and secondly you got it by death. So the penalties are waived in that circumstance.

Thank you so much. You guys are wonderful.

Well thanks. Be careful —

Good luck with mowing the lawn —

Yeah, keep the toes away from the blades, and thanks for calling.

Yeah, sorry for your loss there, my friend. Alright, we’re going to talk next to Lisa in Orlando.

Hi Lisa.

Good morning, Lisa.

Hi, good morning.

Good morning, how can we help you?

Hi, I am employed by a college since 2003, and I’m 53 years old. When I started I had a choice to either take the investment option or pension option in the Florida Retirement System. Back then I was in my — I was around 40 years old and was told that the more aggressive approach that would grow faster, of course, would be the investment plan. Then I had a one-time option of switching to the other plan any time during my employment I had that option. So I’m thinking okay, I’ll be in the investment plan the first decade I work here in my 40s, get aggressive, and then as I get into my 50s I’ll switch to the pension plan and be more safe. However, once I got to my 50s and talked to them I realize I had to pay to get into the pension plan and right now the amount I have to pay as a lump sum to buy into it is about $30,000, which makes it impossible for me to do that. I know there are a lot of people in my situation, and I’m very concerned and worried I will not have enough money to last me the rest of my life, especially if our stock market or we have a recession, I’m going to be broke, and I think I was kind of led astray or not given enough information to make a good decision at the time I made that. So, here I am.

Well, I am sorry for the misconception or misunderstanding that you have regarding the pension. But all is not lost. What you really are doing when you buy into that pension, or if you transfer your investment account into the pension account, is you’re buying an annuity. And you’re transferring your funds, and say okay, here’s my money. And in exchange for my money, guarantee me a check for the rest of my life. And basically that’s what you’re doing. The good news is you can do that on your own. And you can continue your investing, which I recommend. You may want to become a little bit more conservative if you were fully aggressive at the age 53, you may want to scale it back a little bit to something less aggressive. I wouldn’t say go totally aggressive because you still have statistically another — how many more years are you going to work, Lisa? What’s the plan?

<Background Noise>

Sign me up <?>.

It’s an Ask the Expert —

<Inaudible>

It’s an Ask the Expert weekend on WDVO. The Rolling Stones right now, yeah. This is On the Money, brought to you by the Certified Financial Group. They’re Central Florida’s oldest and largest independent and now CPEC certified —

Hold on with that. I want to get back <Inaudible>

We had Lisa holding on. Lisa —

Lisa holding on —

<Inaudible> she’s going to be a retired teacher, and she’s worried, like your commercial says, that her time’s not going to run out before the money does. So go ahead, Lisa.

Oh, hey. I’m still here.

That’s okay.

Lisa, I understand your dilemma. And as we say in our commercials, someday that pay check is going to stop, and how do we fill that gap? And your plan was to get in the pension plan, and you find out it’s too expensive and it’s not going to work for you. But as I was saying before the break, you are really doing your own pension fund right there. And I want you to keep investing. How much are you putting in your 403(b) now?

Gosh, I don’t know how much I’m putting in, but <Inaudible> college where I work, they match what I put in.

That’s correct.

I still have a lot of expenses and I’m helping a granddaughter, and my daughter is in college herself. I have a rental house that was trashed Last year <?>, so I’m not in the shape where I can be socking away money. I’m trying to get there by the time I’m 55. I also provide insurance for another adult daughter who had surgery last year, but they’re about to the point where they’re going to be on their own. I told them when I’m 55 in a few years, no more. I’ve got to sock it away for me, but right now I’m putting in as much as I can afford. The college is matching me. I probably have in the investment plan around $53,000.

Okay, alright.

My recommendation to you is to put in as much as you possibly can. I’m telling you about — you’re at the point in life where if you don’t get — I know you’re getting serious. I don’t mean to give you a hard time here. But I’m concerned that we’re not saving enough. And I understand you’ve got all of these drains on your granddaughters and medical insurance, and rental houses, and all this other stuff. Unfortunately this is life.

I know.

Here’s the good news for you. If you can concentrate on stuffing as much as you can into that 403(b). At your age you can put $24,000 into that plan. I know that that’s maybe — I’m sure it’s difficult to do. But then when you get to retirement age, you can buy your own pension plan. And if you really build up a nice war chest, you can probably get more than the state’s going to offer you at this point in the pension plan.

Like how much would I need to buy a pension plan?

Well that depends on how much income you want. The amount of income you’ll get is to <?> how much you can put into the plan, how much you can afford, and the older you are to start it, the more you’re going to get. Right, Joe? <Inaudible>

No, that’s right. I mean you’re looking at 14 years before you reach full retirement age of 67, if I remember correctly, or 53.

Right.

So you can do a lot in 14 years and that’s really what Joe’s talking about is socking up <?> as much as you possibly can, getting the match that you can from the school. That’s an important thing as well, so that you’re paying your own retirement plan, and then you’ll use that to draw out of it — say a 4% or 5% rate of withdrawal — from that during retirement, so that it’s sustainable for your entire life.

But I mean you end up having to work a few extra years, that’s not uncommon these days. You may have to work closer to 70. I don’t know.

Oh, I’m sure. I have another question. The 403(b) and the investment plans I’m in, I’m also very concerned about them because of the state of our country and we don’t have a lot of businesses here now. I’m worried about a crash, which we hear people murmuring about all the time. I feel like the pension plan would be a little more secure than the investment plan because of that reason, and I’m very <Inaudible> about that annuity that someone had mentioned before the break. I think I would be interested in hearing more about an annuity.

Okay let’s talk about all of the issues you have. You’re concerned that the 403(b), that the market’s going to crash, and you’re going to end up broke.

Right.

And then your next statement is that the pension plan is more secure. And then your third statement is you want some information about the annuity. Okay?

Yes.

The pension plan that the State of Florida has also is invested, just like you are, and their long-term success is a function of the performance of their investments. So what you’re doing is paralleling what the State of Florida is doing. Now you’re making your own decision and the State of Florida has investment experts making those decisions for you, but in your 403(b) plan you probably have what’s called a target-date fund, does that sound familiar to you?

Yes, I do.

Okay. And you know that’s geared toward your retirement date, so that’s a set it and forget it, and that ends — whoever’s managing it — Voya, whether it’s Vanguard, T. Rowe Price, Fidelity, Principal, whoever it is — they’re making that decision to make that investment more conservative as you reach that retirement date so you don’t want up and find out the bottom has fallen out. That’s where your money ought to go. Okay?

Okay.

On your retirement plan. Now talking about the annuity, why don’t we talk about what those options are <Inaudible> what you can do. And what an annuity is.

Well, if you were to take a lump sum and buy an annuity at retirement age, you would be giving up the principal for an income stream, but that may or may not be appropriate for you come that time, but that’s basically what you’re giving up is the principal for a heightened and guaranteed, by the insurance company that provides that annuity, an income stream for the rest of your life, based on your age. The older you are, if you waited until 70 to buy it, you will get more per month than if you did it at 69 or 68.

Oh, that’s good to know, because you’re going to live less.

That’s the insurance company’s point of view, yes.

But you won’t be able to pass that down to your children, the <Inaudible> pension.

That’s right, yeah.

Stops when you die.

Exactly, but the name of the game is income for you.

Yeah, the kids will get the house, the rental house, the car, the silver set, the china and all of that stuff, and fond memories of you, but your retirement should be primo in your mind. I think you’re heading in that direction with the —

I am, yes.

— two years and no more help for everybody. Mom can’t support three or four people and save for retirement at the same time.

No.

Mom has to put her retirement plan ahead of everything else.

Yes.

And that’s —

One more question and then I’ll let you go —

Sure.

— like how much would it — say I’m 70 years old, I want to buy an annuity — how much would I have to pay to get that <?>

Let me tell you the way you could — this is based on today’s interest rates, and this is just a rough rule of thumb, okay, but if you put about $100,000 into an immediate annuity, you’ll get a check a month for your lifetime of about $500.

Okay.

Okay?

Got it.

And that’s the guaranteed — that’s just a rough rule of thumb. It might be a little bit — it’s going to be more if interest rates are higher —

And we have no idea what <Inaudible>

What those interest rates will be at the time when you retire and if interest rates are 12% back to that — doubt it, doubt it, doubt it, but then your check would be a much bigger number, because the investments —

Okay, well that helps me a lot and what is your number, your office, in case I wanted to make an appointment?

Our number at the office is 407-869-9800 and we would be happy to meet you as a complementary consultation.

Oh, thank you so much. You’ve put me — gave me a little bit of piece this morning. And I am at work this morning, working overtime.

Alright.

Getting the money.

<Inaudible> Thank you, Lisa. Have a great one. And that opens up a line for your phone call. If you’d like to speak with Joe Byrd or Roger Johnson from the Certified Financial Group, the telephone number is 894-220-0965. Maybe they can help set your mind at ease. 844-220-0965 or text us at 21232. Here’s a text for you guys: Giving the rising cost of long-term care, should that be a form of investment for the current generation of 30 to 50 age by purchasing long-term care insurance?

Well let’s talk about the two kinds of long-term care insurance options and then we’ll talk about buying in a 30 to 50. First kind is one, the typical policy, where you pay a premium like your automobile insurance.

Like auto, yeah.

Automobile insurance. If you don’t go in the nursing home, you pay those premiums, and it’s gone.

But they can raise the rate <Inaudible> along the way. That’s the traditional. And now there’s a new kind of riser.

Well there’s a hybrid policy, and this is the way to make sure you get something back, one way or the other, you’re not going to lose all this money if you don’t end up needing the long-term care. And someone in the 30 to 50 range, maybe 30 is a little early, but if you’re in the 50 range, you want to look at maybe a hybrid policy that protects you for not only long-term care, it gives you a great amount of bang for the buck, but if you don’t use all of that amount that you’re entitled to during your lifetime, there is a residual death benefit that goes to your beneficiaries, whoever you designate. So and then even along the way, if you need to cash it in, there is a cash surrender value. I’m not a big insurance guy and I don’t like selling — I don’t think I’ve ever sold a cash value policy. I’ve sold a lot of term life insurance, but this is a whole life policy for someone who is looking to guard their assets in retirement in case they need long-term care, assisted living, home health care, and they can tap into it as a source in there. Basically, spending their death benefit for long-term care. And then full disclosure, I want to make sure you understand that we charge a fee for financial planning, we charge a fee for asset management, and fi we end up placing you in a policy for life insurance, or long-term care policy, we get paid from the insurance company. So I wanted to make sure people understood —

There’s no <Inaudible> strategic <Inaudible>

— but I just want full disclosure.

Sure, it’s same if you went directly to the insurance company or bought it through somebody, something like that.

There’s no other way to buy insurance without <Inaudible> being paid.

You know those new policies are getting a lot of traction today because, as you said, you can put money into it, and you know if you don’t use it, you’re going to get something back, your beneficiaries will get something back, and there’s a lot of annuity policies out there that folks bought years ago that they’re probably never going to tap into. They’re just sitting there. It’s a way to take that annuity money, that annuity policy, do what’s called a 1035 exchange which means you roll it over to this new long-term care policy, you could take $100,000 annuity policy and probably double the amount of long-term care benefits that you can get from it, and if you don’t use it, your survivors still get the money.

And then an added feature is that you may have $50,000 in gain in that annuity, that’s worth 100, that you would end up paying taxes on if you transferred that into this type of a policy for long-term care, and you end up using the annuity for your long-term care. All the money, including that gain, comes out tax-free.

There you go.

<Inaudible> just changed that a few years ago.

So if you have an old annuity — <Inaudible> an annuity policy but the high probability is you’re not going to need it to live on. It’s just sitting there. And even if you did <Inaudible>, even with the long-term care policy we’re talking about, you can get the money out if you wanted it.

You can cash that annuity out if you need it. It’ll last <?> —

It’s a way to get more mileage out of maybe some lazy dollars that you have. So if you want information, give Roger a call. That number is —

407-869-9800. We’re at 1111 Douglas Avenue in Altamonte Springs.

So there you go. There’s an answer to that text question.

Let me read that number again because you just went by it so fast.

I did.

It’s on our website.

That’s an easy one to remember, Joe. <Inaudible> financialgroup.com

Financialgroup.com

Joe Byrd and Roger Johnson are both certified financial planning pros and they’re here on the waiting moments of On the Money to help you out, to help set your mind at ease. I can’t tell you how many times through the 30 —

Going on 30 years you guys have been doing this program here at WVBO. When we come back, when can you retire, know your number. There’s a workshop coming up that you’ve got to be a part of.

This is 96.5. Powered by <Inaudible> Windows Solutions. WVBO FM Orlando. Listen everyday. <Inaudible> 96.5 <Inaudible>.

Join news 96.5.

We’ll tell you more about these policy <Inaudible> Day in the Park <?> coming up in the next break here. Got to give it to the Rolling Stones. The Rolling Bones. That’s it. They’ve been pretty — we know the Mountain Wheels Chair <?> is on the next tour, I hear. Joe Byrd, Roger Johnson in the studio with the Certified Financial Group. We’ll get back to Dave Wahl in the news center in about five minutes from now with a more in-depth look at the news, including all of the campaign news. Interesting stuff’s going on. We got a workshop coming up. There’s a couple of workshops coming up. The one that’s coming up the soonest here is going to be done by Gary Abley and that’s When Can You Retire, Know Your Number, and he’s going to talk about the pros and cons of retiring early. He’s going to help you determine what’s the best optimal time so that you don’t retire too early or too late, and he’s got some space available there. It’s going to be this coming Tuesday, October 25th, from 6:00pm to 8:00pm. We’ll put the flag out.

This is a great one, if you’re at or near retirement age, this is perfect for you. Once again it is free, it’s at our office, in our classroom. We <Inaudible> sit in the <Inaudible> somewhere, going to provide some refreshments. You can come right after work. Great information. Gary’s a CPA as well as a certified financial planner. You want more information, go on our website. That’s financialgroup.com. Click on workshops, you can make reservation right there.

<Inaudible> right? Working on homework <?>

And you can also find information about upcoming workshops like the Countdown to Retirement, the Health Care Options Workshop, and the very, very popular Social Security Boot Camp hosted by Nancy Heck.

You know that health care options, that’s as new one coming up, and that’s going to be in December, and that’s going to talk about Medicare and all your choices involving there, so you might want to circle that on your calendar as well.

Joe mentioned that kids aren’t being taught this stuff either, so Gary Abley does. He’s got financial basics for life strategies for success, and that’s another workshop coming up. So go to the website, financialgroup.com, where I’m actually reading through the commercial, one of your must-reads, the Four 401(k) Benefits You Should Take Advantage Of.

Yes, at our website, financialgroup.com, if you have a 401(k), you’ll definitely want to go to it. It’s financialgroup.com. Click on this week’s must read. This week’s must read at financialgroup.com.

So what are guys up to for the rest of the day?

I’m going to watch the lacrosse game.

Lacrosse?

Yeah my grandson’s playing lacrosse.

They play lacrosse in Central Florida?

Are you kidding? It’s getting bigger and bigger. Girls’ lacrosse, boys lacrosse. Yeah.

First thing is soccer, now it’s lacrosse?

Oh, yeah. That’s a neat sport to watch.

Well listen, you guys have a great day. Everybody else, let me give you the telephone number for the Certified Financial Group if you’re so inclined to call: it’s 1-800-EXECUTE. As in you’re executing that financial plan, you know? 1-800-EXECUTE. Or locally it’s 407-869-9800. 407-869-9800 for the Certified Financial Group. Stay tuned for Dave Wahl in the news center and then Florida Homes and Gardens. It’s all part of your Ask the Expert Weekend on WVBO.

Information presented on this program is believed to be factual and up to date, but we do not guarantee its accuracy and it should not be regarding as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but is limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Certified Advisory Corp is registered as an investment advisor with the SEC and only transacts business in states where it is property registered, or is excluded, or exempted from registration requirements.

This is <Inaudible> 96.5 WVBO. We’re Orlando’s <Inaudible> for breaking news weather and traffic, 24 hours a day.

Live key coverage starts now.

10:00 the news on 96.5 WVBO. Our top local story, police in Daytona Beach have shot and injured an armed suspect. The chief there, Mike Chitwood, says they got a 911 call early this morning about a man with a handgun at the Savery Lounge on South Martin Luther King Boulevard. They say that’s when a teen ran and reached for a gun.

The suspect was coming over a bench and one of my officers gave commands for him to stop and show his hands

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