On The Money Transcript | July 28, 2018

Good morning everybody and welcome to another edition of On The Money with the Certified Financial Group right here on News 96.5, WDBO.  We’ve got the Oracle of Orlando, Joe Burt, here in the studio live alongside Nancy Hekt.  We are taking your phone calls at 844-220-0965.  Good morning everyone.

Good morning.

Good morning.

Try that again, go ahead do it again.

That sounds better, good morning.

That <Inaudible> is starting to stick on you.

Good morning, what happened?

Joe, what are we doing on a sticky Saturday morning here in central Florida?

Nancy and I are here to answer your questions on things that might be on your mind regarding decisions that you have to make, personal financial decisions.  As we say, we go through life trying some of this, trying some of that, wake up at 55 years old, look across the kitchen table at Loretta and say Loretta, honey, the kids are on their way out and we’ve got maybe 10 more years and we hope to retire and we’ve got this little 401(k), going to have Social Security, are we going to be okay?  These are the decisions that we go through life and wake up and finding that we might not be prepared because they don’t teach us this stuff in school.  So Nancy and I are here to answer your questions, things that might be on your mind regarding your personal finances.  Things you might be considering regarding your IRA or 401(k) or some real estate, or stocks, bonds, and some questions you might have about mutual funds and long-term health care and IRAs, and annuities and life insurance.  All that stuff that Nancy and I and 11 other certified financial planners at Certified Financial Group deal with day in and day out.  We do financial planning for a fee, but on Saturday morning we are here absolutely free, so if you have any questions regarding personal finances, all you have to do is pick up the phone and dial these magic numbers.

844-220-0965.  That is 844-220-0965.  We also have the text machine up and running as well, 21232, that is 21232.  Just keep it to about 160 characters, that’s all we can see on our screen.  We don’t want to get your question cut off here.  Again, 160 characters, 21232 is the text line, and the phone lines are open as always.  Alright, Nancy Hekt is here today, certified financial planning professional, the Certified Financial Group, and it is July 7th, Nancy, the year is half over.  What are the five important financial must-dos here at the half year point?

One thing that we’re all deep in the throes of right now because the quarter just ended is re-balancing portfolios.  It’s really important to take a look at what has happened to your allocation and, based on your risk tolerance, we saw a lot of gains last year.  A lot of people saw that the equity portion of their portfolio has gotten a little bit out of work. I’m not adverse to selling gains, that’s one way to keep them.  So re-balancing is something that’s very important.  You want to look at your will.  Does it need to be updated?  Has there been some type of changes in your family dynamics or your assets that may beg that some changes be made in that avenue.  You want to check your retirement accounts, and it’s not just from the re-balancing as I mentioned.  A lot of times people set it up and they’re making contributions, and may have accidentally checked that after-tax box as opposed to the pre-tax box, so you may want to make sure that the dollars that you’re contributing are going into the buckets that you want them to.  Review your beneficiary designations.  Have there been some life cycle changes?  Have people passed away?  Have people gotten married?  Have people gotten divorced?  Do you want your beneficiaries to be as they are?  Maybe you want to change the allocations?

Well guess what?

As to who is getting and who is getting how much?  Last, but not least, especially this time of the year, look at your insurances.  Generally when we say that, people think about their life insurance, and you certainly want to check the amounts that you have and what your premiums are and who the beneficiaries are, but you want to look at your homeowners, you want to look at your auto insurance, and you want to make sure that you have the type of coverage that’s necessarily for the age of your house, the age of your car, the part of the country that you live in.  It’s a lot of stuff to look at, but it’s necessarily because you don’t want to have to deal with that whoops moment when an event occurs and you’ve not been up to date on these types of things.

Because if you haven’t checked it before it happens, and it happens, you’re in trouble.

No question.  As always, this time of year before we go on vacation, I’m always in the back of my mind going all right, am I on the right track today?  We spent a lot this year, do I need to go back and relook at my finances?  I’m sure retirement is no different.

You got it.

All right, 844-220-0965 is the number to dial us up this morning.  Michael in Merrit Island has done just that; Michael is going to lead us off.  Michael, go ahead, you’re on with the Certified Financial Group.

Good morning, Michael.

Good morning guys, love the show.

Thank you.

What’s up?

You’ve been very helpful.  I’ve got a few questions.

Let’s hear them.

I’ve got to pull over, sorry, I’ve got to call you back I just got in an accident.  Someone hit me.

Oh geez, oh really?

Okay, be careful.

Oh goodness, okay.

That’s the first time that’s ever happened, a live accident.

Wow.

<Inaudible> on the phone <Inaudible> traffic alert.

Something something about secondary insurances.  Be careful of drivers in Merrit Island.

I was going to say, please ladies and gentlemen, please drive safely when you’re —

Hands free.

Hands free, yes, technology is amazing.

In that case, let’s go over to Chip in Winter Park.  Chip, good morning, how are you?

Good morning Chip.

Good morning, yeah I’ve got a question on annuities.  What would you — I want to look at an immediate annuity, I don’t want to defer it and wait.

Sure.

If I want an immediate annuity, how much can you expect to make, the interest rate on that, and where do you go to buy it?  Do you go to an — do you go to the insurance company directly, or to a broker?

You can do both.

<Inaudible> tax-free.

You can do both.

Either way?

Here’s the thing.  You said how much can you make on it.  The thing that you need to understand with an immediate annuity, I hope that you understand this, is that you are buying a stream of income.  You’re giving up the principal.  You invest $100,000, you’ll never see the $100,000 again in a lump sum, but you’re buying a guaranteed stream of income for a period of time.

Okay.

The amount that you’ll get is a function of two things: How much you invest and how old you are.  Or how old you and maybe another beneficiary would be because you can do it as a joint life annuity.  Nancy, did you want to add something to that?

Yes, I did.  As far as where to get it, Chip, people like us for example can go to a wholesaler and they can give us a quote from many different companies, so we can see what the payout might be, what the interest rate might be.  If you’re working with a certified financial planner or your insurance agent could certainly provide something like this for you.  One thing that’s nice to keep in mind is every payment that you get, part of it is going to be return of principal and only part of it will be taxable.

Okay.  How is the risk with that kind of thing?  If the insurance company or the company that’s paying you monthly, so they’re paying you monthly —

Sure.

Is it possible that the insurance company could go belly up?  I’m sure you’ve got <Inaudible> look at a top rated.

Right, and we have seen that in the past.  Years and years ago there was a company that had a lot of — I had a number of deferred and immediate annuities with, and they were picked up by another company, so all the contracts didn’t really suffer because there was somebody else.  But times are extremely different now, so I don’t know that something like that could happen.  But yeah, you want to do your homework.  There’s a company called Weiss Research that does a lot of research and rating on insurance companies as well as AMVest.

But to answer your question, as Nancy said, you want to look at the quality of the insurance company because they are the ones making the guarantees.  The good news is in the State of Florida we have what’s called the Life Guarantee Act which protects a certain amount of your principal, but generally if a company goes under, the cash value or the policies are going to be assumed by the surviving companies.  So you don’t have a great amount of risk.  In fact, a lot of — not a lot, but there are companies, big companies today, that are laying off their pension plan and they’re turning it over to insurance companies to provide that pension that the company or the pension was originally designed to do.  They’re just transferring their risk to insurance companies to manage that.  This is not necessarily the greatest time to be buying an immediate annuity because interest rates are low.  The amount you’re going to get is a function of what — of three things.  I said only two, but three things: Your age, the amount you invested, and the current interest rate environment.  The lower the interest rate environment, the lower your anticipated payout.  But it’s not a bad way to guarantee some income, you’ve got to recognize that you’re giving up the principal in exchange for the amount that you’ll be getting.

Generally, you can do it over one or two lifetimes.

Okay, thank you very much.

All right Chip, thanks for the call.

If you want Chip’s line, it’s 844-220-0965.  That’s 844-220-096.  Let’s go to Randy in Orlando.  Randy, good morning, you’re on with the Certified Financial Group.

Good morning, Randy.

Hi Randy.

Hi there, good morning.  Thanks for taking my call.  Can you hear me?

Sure.

We can hear you fine.

Fantastic.  I’m a client of yours, and I have a question regarding life insurance.  I’m 61 years old and, right now I just have term life insurance and, as you know the prices go up pretty quickly as you get older.  I’m just wondering what kind of route you would recommend going forward to probably — I’m guessing I shouldn’t stay with term because it’s so expensive, and go to something else.  Just wondered what you recommended.

Randy, what is the term of your insurance?  How often do the premiums renew?  Do they renew annually or is it like a —

I think so because the prices go up once a year, so I’m presuming.

Annually renewable term.

Yeah.  So you might want to look at, just as a jumping off place, maybe a 20 or 25-year term policy.  And then you’ll be locking in to your premium rates for that time period and see if that might be affordable and that can take you well into your 80s.  As long as you —

Do you recommend that as opposed to going to a different type of insurance?

I’m a fan of just paying for the straight insurance.  If you’re going to go for any type of permanent, I would lean more towards a whole life type of policy where the expenses are a little bit less, getting into the variable universals and the indexes, there’s a lot of bells and whistles which make it a lot more expensive.  I’m a fan of the longer term term policies or standard whole life.  Joe?

Randy, the first thing we want to look at is do you really need more insurance and, if so, how much?  Before we buy any more insurance, what you want to look at is what your need is.  You may not need as much or may not need the insurance at all.  Some people like to have insurance just as a security blanket, and that’s one issue, but that’s more of an emotional issue than a financial issue.  So I would look at how much insurance you need.  I would lean exactly with what Nancy said, is buy term insurance.  It’s the purest form of insurance, you can get a 20-year term at your age and you lock it in until you’re 80-something years old.  By then hopefully your estate needs are met and you’ve accumulated some capital so you don’t have to worry about income or providing for somebody when you get to be 80 or 85 years old.  So that’s what I’d do —

Okay, I appreciate that.

That’s the way to look at it.  Give us a call.

All right, thank you.

All right Randy, appreciate the call.

Thank you so much Randy.  If you want Randy’s line, it’s 844-220-0965, 844-220-0965.  We are one minute away from the three big things you need to know, but I wanted to give out the phone number to reach you during the week and the website and workshops, upcoming workshops you guys have at the Certified Financial Group.

Yes, the upcoming workshops are — the next one is health care options in retirement, that’s Saturday, August 25th from 9:00 to 11:00.  These are all hosted by Gary Abley.  After that, we have financial basics, life strategies for success, September 8th from 9:00 to 11:00.  Then everything you want to know about mutual funds, Saturday, October 6th, from 9:00 to 11:00, and lastly, will your savings last a lifetime, and that’s December 1st from 9:00 to 11:00.  These are all hosted at our offices, 111 Douglas Avenue.  If you go to our website, FinancialGroup.com, you can make a reservation.  I suggest if any of these topics pique your interest, that you do that because they tend to fill up rather quickly.

That’s FinancialGroup.com, click on events.  You can make your reservation right online, we’ll secure your seat.  We hold it in our large classroom there with the state of the art audio/visual equipment, and we’ll provide some light refreshments, and you’ll walk away with some information that I’m sure you could use.

Just like that.  Again, more information, Certified Financial Group’s website is FinancialGroup.com.  Time to get to three big things you need to know.  Welcome back, this is On The Money with the Certified Financial Group right here on News 96.5, WDBO.  It is all a part of our ask the experts weekend.  Each and every weekend we give you the best experts in central Florida live here on the radio, and this hour is no different.  It is the Oracle of Orlando, Joe Burt and Nancy Hekt, certified financial professionals from the Certified Financial Group, taking your phone calls at 844-220-0965.  Joe, just in case anybody may have joined us during the latest news, weather, and traffic, what can they call you about today?

Nancy <Inaudible> Nancy — <Inaudible>.

Got to love her.

I’ll slap you so you can <Inaudible>.

I think it’s the humidity giving everybody — frogs in everybody’s throat.

All right.  Nancy and I here to take your questions.  What’s on your mind regarding your personal finances, things you might be thinking about regarding real estate, long-term health care, insurance, annuities, reverse mortgages, 401(k)s, IRAs, all that and more.  As we say, we go through life trying some of this, trying some of that, wake up at 55 years old and find out we’ve got a collection of financial accidents.  We’re here to be your financial body shop, get out the Bondo, answer the questions that you might have, and get you back on the road.

If they don’t know what Bondo is.

Us older, we grew up on — do you know what Bondo is?

I know what it looks like on a car, but —

Do you know what’s funny?  We were watching American Pickers on the History Channel the other day and they kept saying oh man, this needs Bondo bad.  One of the hosts walks up, what’s Bondo?  So I said oh, let me tell you what Bondo is.  Joe Burt told me what it was.  So they started to use — now they use Bondo on that show all the time, that term.  It was like yeah, bring on the Bondo, Bondo needs to make a comeback.

When you were a kid, we had Bondo.  Yep.

All right.  So what do our callers want to know?

We’re going to get back to our busy phone lines here, let’s first talk to Jeff in Orlando.  Jeff, go ahead, you’re on with the Certified Financial Group.

What’s up?

Hi Jeff.

Good morning.

Good morning.  I have some questions about — I have a 401(k), and I had one previously and it got used up for life issues, but I have one now and I have about 55,000 in it.  I’m maxed out, putting 17% in at this point with my employers matching like 4%.  What other options do I have that I can try and catch up?  I’m 55.  Where else could I put money for my retirement other than my 401(k)?

Depending on what your income is, you may also be able to make deductible IRA contributions or a Roth contribution and save that for your retirement.

Jeff, that 17%, what does that translate to in terms of dollars every year you’re putting into the plan?

Right now, probably 13,000 to 15,000.

I’ve got news for you.  You can put it — how old are you?

55, so you can contribute out of your pocket, not the employer match, $24,000.

$24,500.

$24,500, excuse me.  So you can increase what you’re contributing to the 401(k), payroll deducted, whole untaxed dollars, and that’s going to allow you to save more, probably not make much of a dent in your spendable income because it’s pre-tax dollars.

The good news is you can crank it up another $7,500, Jeff.

Really?

Yes.

That’s why you called, right?

Yeah, <Inaudible> 401(k) deductible?

Oh yes.

Yes.  That’s the benefit of being over age 50.

Okay.

All right?

That’s great.

That’s what you get.

Jeff, now let’s back up a little bit.  Let’s talk about what your 401(k) is invested in.  How do you have that placed?  What kind of investments do you have, and what are you using?  Do you know off the top of your head?

It’s with Fidelity Group.

I understand, but what do you have — within that plan, you have a lot of choices.  Do you know what your specific choices are?

Yep.

Go ahead, talk to me.

Not the exact ones, but partially in aggressive growth and then partially in not so aggressive.

Not so aggressive? All right.

So you’re more growth based than you are income based.

I’m sorry?

You have a lot more on the stock side than you do on the bond side?

Yes.

Okay, all right, for someone who is 55 and potentially working 10 years or more, I happen to think that’s okay.

You may want to look at, Jeff, if they have what are called target-date funds in your plan, do you know what those are?

Yes.

That may be — that’s a little bit more conservative way to go.  You’re 10 years out from retirement, it’s managed by Fidelity, you probably have Fidelity target-date funds in your plan which are good, which are geared to your retirement date and, as you approach that date, they become a little bit more conservative so you don’t wake up when you’re 65 years old and find the bottom has fallen out.  It’s a lot better than trying to pick individual funds.  If you don’t have any real help in doing that on your own, a target-date fund may be a way for you to go.

But maybe not with all of your allocation.

Pardon me?

Right, they are.  They’re targeted at like 2020 and 2025.

Exactly.  Right, right, right.  So look at maybe a 2030 fund in your — and as Nancy said, you may want to split it.  You don’t have to put it all in there, but that gives you a little bit more diversification and a little bit more kind of set it and forget it, and you don’t have to worry about making decisions on a weekly, monthly, annual basis.

Right.

All right?

Above the 401(k), I can still contribute more to an IRA and a Roth?

An IRA or a Roth.  You have to look at how much your income is versus if it — depending on what the income levels are, and Joe’s looking it up real fast, you can make a deductible IRA contribution.  If you cannot make a deductible IRA contribution, then the next best choice is a Roth.

Okay.

All right?

All right?

All righty.

Okay, have a great weekend, thanks for calling.

Goodbye.

Appreciate it, Jeff.  Jeff, the fact that you’re that worried is already a step ahead of Most people that call into the show.

That’s true.

844-220-0965, if you would like Jeff’s line.  Again, that’s 844-220-0965.  Linda in Oviedo is up next.  Linda, go ahead.  You’re on Certified Financial Group.  What’s up?

Linda, good morning.

Good morning.  If you have an annuity, let’s say a 10-year annuity, and eight years have been paid out and you pass away, what happens to the next two years?  Do you get a lump sum check upon death to wherever the will says, or is it something different?  Or do they put <Inaudible>.

No, generally it will pay out for the remainder of the two years on the same basis, if you’re getting it monthly or annually.  It won’t be a lump sum.

Even after the person passes?

That’s correct.  Yeah, it’ll continue to be paid out on the same schedule that the first eight years were paid out.

So that means you have to keep the estate open then, right?  For however many years —

Well, no, the payments will go to the beneficiary.

Oh, okay.  Okay, thank you.

Now, Linda, hang on, hang on, hang on.  Now you said it’s a 10-year annuity.  There’s also what’s called a 10-year certain in life, and if it’s a 10-year certain in life, that annuity will continue to pay beyond 10 years.  It’s guaranteed for a minimum of 10 years, but if you live for 20 years, that’s going to continue to pay for as long as you live, beyond the 10 years.  So you want to look at the terms of that annuity.  If it says pure 10-year annuity, at 10 years it stops.  If it’s 10-year certain in life, it’s going to pay out for more than the 10 years if the annuitant is still living.

Okay, well the death has already occured, so that <Inaudible> —

Oh, so that answers that.

— <Inaudible> life is over, unfortunately.

Okay.

So it’ll go to the beneficiary.

Anyway, thank you.

You’re welcome, Linda.  Thanks for the call.

Just quickly, back to just questions of phase-out for your earnings, adjusted gross income.  If Jeff is single and he makes between $63,000 and $73,000, part or all of a deductible IRA would be phased out, so that would beg going towards a Roth.  Married filing joint, the phase out ranges from $101,000 to $121,000.  He can make a Roth contribution if, again, single — his income, if it’s below 120, and joint if it’s below 189.

Okay.

So he has more options.

Yeah.

So the first thing to do is do the 401(k), get that pre-tax contribution and go for it.

Yeah, by increasing to $7,000 a year, it’s not going to reduce the spendable by that much.

Okay.  <Inaudible> seems simple enough.

Alright, 844-220-0965, the number to dial us up.  We’ve got some text questions in here, if you all wanted to see.

Alright, let’s hear them.

If a husband and wife made a will together and now one is deemed incompetent, how can the husband make revisions to the will?

Well, if they have done complete estate planning, then they should have durable power of attorney on each other.  The durable power of attorney allows you to work on someone else’s behalf if they’re deemed incompetent or can no longer speak for themselves.  So that’s how can they make the changes.

But by reading into this question, though, I’m wondering if he’s — if you read this question, if a husband and a wife made a will together and one is now deemed incompetent, how can the husband make revisions to the will?  I think what he’s asking here is okay, she’s incompetent.  If I die, I would leave everything to her and she’s incompetent, what happens?  So that’s maybe the issue there and you just have to make — you can change the will.  The only thing that the will is going to affect is things that are in his name alone or her names alone.

Things that would be probated.

Things that would be probated.  So, jointly held properties automatically can go to the survivor.  So he may want to look at that as well.  If the house is in joint names or she’s named as beneficiary on annuities or insurance contracts or IRAs or 401(k)s, you want to look at that, because whatever — how those things are titled is going to override whatever the will says.  Some people think I’ve got my will, it’s just going to go automatic to them.  That’s not the way it works.

It’s the worst thing to have, is that.

Yes.

But they may want to look into potentially naming somebody as a financial custodian for her.

Okay, that works, too.

Yep.

Alright, great question at 21232.  We have another one here.  What do you think about flexible index annuities?  Thank you, Kim.

Not much.

Why is that?

Because I happen to think that they’re very expensive, trying to figure out exactly how, going from Point A to Point B and what you’re getting credited and what percentage of the growth or not growth you’re going to get credited is very, very complex.  I think the expenses and the surrender charges associated with them are crazy.  That’s just my own personal opinion.  I am not a fan, if you couldn’t tell.

I’m not a big fan either.  Although there are some that are better than others, you want to be careful out there and you want to be sure that somebody’s looked at it in detail.  But if you’re going on one of their house lunch or dinner seminars, or the ones that had these big upfront bonuses, that is the clue, run.  Don’t walk, run.

Yeah.  A bonus means you’re going to be tied to it for 15 years or more, generally.  There’s some great variable annuities that have short surrender periods, really nice investment choices, and more in place for the investor versus the agent.

Yep.  Okay.  We’ve got a couple of other text questions, we’ll get to those in just a moment.  We want to get back to our phone lines here.  Talk to Joe and in Palm Bay.  Joe, you’re on with the Certified Financial Group, good morning.

Joe.

Hi, Joe.

Good morning.

Good morning, what’s up?

Yeah, I’m 70, I turned 70 in October, and —

Joe, Joe, 70 is the new 50, by the way, buddy.

Yeah, I know.

Okay, alright.  Go on.

I was wanting to know what the tax requirement — you have to take so much out of your IRA <Inaudible>.

Right.  So this year, you have to — because you’re going to be 70 and a half this year, so you have to take your required minimum distribution.  What you do is you look at your 12/31/2017 balances on all of your qualified retirement accounts, and this year, you’ll have to pull out 3.65% of that 12/31/17 balance, and the percentage that you have to pull out increases a little bit every single year.  You have to take out a specific amount, and how you take it is totally up to you.  You can do it in a lump sum, you can pay yourself monthly, quarterly.  It really does not matter how you get the money, it’s just a matter that you get the proper amount out before December 31st.

Joe, the good news —

Yeah, that’s what I was <Inaudible>.  But the thing is, I’ve been taking it out for I guess less than 6% of my interest since 2010.

Okay.  So you may already be pulling out more than what is required.  So.

Yep.  So for our listeners, though, that are going to turn 70 and a half this year, Nancy is right.  You should take it out by December 31st, but you get a break on your first year.  You can defer that first year up until April 1st of the following year, but then you have to take two that following year.  So depending on your tax situation, you may want to do that deferral.  But it is 3.65% of the balance of whatever it was on December 31st.  The percentage changes every year as does the balance, so it has to be recalculated.  So there you go.  Does that help you, Joe?

Uh, yeah, I suppose.  Like I said <Inaudible> —

Joe, let me tell you.  If you have some questions on exactly how much you have to take out versus how much you’ve pulled out, you can either call or e-mail me on Monday and I can run a quick calculation for you.  If you want to call our office, the phone number is 407-869-9800, and my e-mail address is nancy@financialgroup.com.  If you e-mail me, do not send any personal information.  Just say I called in on Saturday, I want to talk to you more about this.  Okay?

Oh, okay.

Alright.

Alright.

Alright, Joe.  Thanks for the question.

Yeah, I appreciate it Joe, for the phone call.  If you want Joe’s line, it’s 844-220-0965.  We are planning tomorrow for the Certified Financial Group.  Right now we’ve paused to get the three big things you need to know.

It is the final segment of On The Money with the Certified Financial Group right here on News 96.5 WDBO.  It is your last chance to get your question answered at 844-220-0965.  That’s 844-220-0965.  We also have the text machine up and running as well at 21232.  Alright, let’s get to a text question here.  What does my 80 year old mother do to protect her assets before she may have to go into a nursing home?

See an elder care attorney.  That’s the best thing you can do because they will guide you through that process.  You want to do it right, it’s not do-it-yourself time.  Don’t listen to your neighbors, don’t read Money Magazine, don’t — just go see an elder care attorney.  We have one that works to our office.  If you want more information, give Nancy or me a call on Monday and we’ll direct you to somebody who is a specialist in this.  You can reach us at 407-869-9800, or go to our websitefinancialgroup.com, and then click on estate planning information and you’ll find the information right there.

Lightning round continues.  72-year-old still paying on a $350,000 term policy with yearly premium of $6,000.  Has a chronic neurological disease.  Should I continue with this policy or dump it?

Well, not dump it.  There are companies that will buy out life insurance, including term insurance.  What they look at is the age of the person, the health of the person, what the premiums are, what the death benefit is, and make an offer.  We can also get quotes for you on this type of stuff if you would like to contact us.

But, if it’s a $350,000 policy, you have to pay into that policy over 50 years to pay $350,000.  That policy is going to — as we say, mature.  If you can at least afford to pay it, I would pay it, because you’re going to get $350,000.  You can make that $6,000 payment, but Nancy’s right.  If you can’t pay it anymore, then there are companies that will buy that policy from you.

Okay.

Well, we were going to go to Bobby on line one, but Bobby just hung up.

Sorry, Bobby.

Bobby, what are you doing?  What are you doing, now we can’t get to you.  Oh well.  Now we don’t have time for call back, oh that’s frustrating.  But if Bobby wants to call you on Monday, what’s the best number to do that?

407-869-9800, or our website is financialgroup.com.  Go on there and just ask a question, or if they want to ask a question directly of one of the CFPs, they can go on our little tab and e-mail us.

And there’s more information about our upcoming workshops to be scheduled in the fall, hosted primarily by Gary Abeli, CFP, CPA.  The first one coming up I think is —

August 25th.

That’s the Health Options and Retirement.

Correct.

That one fills up very, very fast.  Gary is a specialist in Medicare and all those choices you have to make when you turn 65.  Your mailbox overflows with information and it often gets to be confusing.  He sorts it out.  He’s not going to try to sell you anything.  It is just to give you good information.  Why do we do this stuff, folks?  We do it for two reasons.  Number one, so you don’t become a financial casualty, because there’s more and more out there.  And secondly, to introduce you to what we do at Certified Financial Group.  We do financial planning for a fee, how we work with our clients, helping them solve their financial questions and dilemmas, and hopefully guide you toward a safe and healthy retirement.  So if you have any questions about what we do and how we do it, you can find that at financialgroup.com, that’s financialgroup.com.  We’ll be glad to see you soon.

Just like that, <Inaudible>.

How’s that for a wrap?

No, it’s great.

Not bad, huh?

You just want to get a hometown, local group of —

No, independent.  Independent.  Independent.

Independent.  You said it.

Independent.

Largest independent in Central Florida, the Certified Financial Group.  How do I get to your office?  We normally give out the address.

Our address is 1111 Douglas Avenue, Altamonte Springs 32714.

Put 1111 Douglas Avenue in your iPhone GPS and —

Gotcha there.

— follow the directions.  Alright, thank you so much for joining us here today on On The Money.  We have been planning tomorrow…

…today.

Right here on News 96.5 WDBO.  Time for latest news, weather, and traffic with Dave Wall next.

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