This is the Haven Financial Group Radio show. Each week we get together to talk about life, living and planning on living life after retirement. If you're looking for a clearer picture of your retirement plan, the team at Haven Financial Group is here to offer you clear financial guidance and help you realize that planning
for retirement can be simple and easy. Have a question for the team connect now at Havenfinancialgroup dot com, or we have team members waiting to talk with you off the air at six one two four four one two four four one And good morning, good morning, good morning, good morning. Thank you so much for being with us again. My name is Bill Seller. I'm here every week with the founder and CEO of the Haven Financial Group, Larrykolvig. Larry, how are you, my friend? Hey, good morning Bill,
Good to be with you. Oh you still got that fall thing going on? I still do? Oh I still do. But yeah, we'll get through it. That's one of those things where Larry just sounds worse than he feels. Right, he doesn't feel bad. It's just a new change every fall, though. I've seen to get the same thing, and they gave me the same explanation, and it runs its course and there we go as long as you're okay and it just sounds like this and you're not really
feeling bad that I'm okay, perfect, okay. So yeah, we got a lot of stuff to get to today, and if you're new to the show, thank you very much for tuning in. And what we do here every week is we talk about retirement. You know, how to get you
there and how to get you through it. More importantly, with all that money that you've put away for retirement and if you haven't started a plan yet, well that's one of the things we talk about as well, because Larry and his team at Haven Financial Group offer what's called a complimentary retirement readiness review, and it's exactly what it sounds like. It's complimentary and they sit down and they take a look at what you consider to be your retirement plan and
if it needs some work, they can give you pointers. And if it doesn't need work, you've had nothing but a nice cup of coffee and met
some good people and you can feel good about your retirement plan. So we'll talk more about that as we as we get into the show coming up today as well, Boy, there's a renewed demand for pensions we'll talk a little bit about that also whire so many small businesses filing for bankruptcy protection, and we're going to talk about something in the stock market called the Halloween effect and go to the inbox for the new Ask Larry part of the show that is
coming up. But I thought this was kind of neat first of all, I can't believe that pop tarts are turning sixty years old this year. How is that possible? I'm telling you sixty years old. And they're actually getting a little movie made about them on Netflix, produced by Jerry Seinfeld. It's called Unfrosted and it basically runs down the rise of the popular breakfast pastries. Here's a little spoiler alert. You'll learn this in the movie. But I
thought this was kind of interesting. They were almost known as fruit Scones. That was going to be the product name, but then the creators came up with the pop Tart name to kind of rival pop art or to go along with pop art that was happening in the sixties. So from pop art to pop toart, I guess is what they came up with. But yeah, I don't I don't believe i'd be buying any fruit scones in a box as much as I bought pop tarts over the years. Exactly good marketing move on
their part. Oh man, Well, we knew this was going to happen right after a big eight point seven percent cola this year for Social Security. The cost of living adjustment for next year is going to be only three point two percent. Now, Larry, in terms of dollars, what does that average out to be and what does that mean to folks expecting social Security? Well, on average, I would say that's probably fifty bucks a month, which is something I mean for some people, that's a lot of money.
And you know, we kind of predicted, we saw it coming, you know, with inflation where it's at. And yeah, more than seventy one million Americans can expect a three point two percent increase starting in twenty twenty four. So you know, considering cost of living adjustment, you know, isn't something that's guaranteed. You know, we got spoiled the last two years with
some big increases. It's still sub antl and people will notice it. And you know, some interesting things that came out with this, which does come out every October with the Social Security Trust Fund announcement the maximum amount of earning subject to Social Security tax will increase to about one hundred and sixty eighty six hundred, So that went up the earnings limit, which is determined by somebody's full retirement age, which is why we do lots of classes on social security
because the unreduced amount or that full retirement age is based on your birthday, and there's charts out there we can help you have a better understanding where you can only make so much and that's going to increase to twenty twenty three twenty before they start reducing those benefits. And you know, for those that are over full retirement age, there is no limit on earning. So there's just some changes. The numbers changed a little bit, and you know, it's
kind of what we expected, you know. You know, that's why in those delayed credit years from sixty six to seventy so you can see some pretty big increases. When you tack on eight percent plus three point two, that's eleven percent plus increase in those years. So you know, take that into a fact as you're planning for when you're going to take in it again. You can check out our classes online social Security and tax classes. People find
them very beneficial. Yeah, and you can see on the website at Hanfinancialgroup dot com when and where those classes take place. And this actually leads me to the first installment of Ask Larry, a new part of the show that we have here. So Larry, I'm gonna go to the inbox in. Today's question comes from Laurie in Lakeville, and she says she is about to
turn sixty two, seriously thinking about taking early retirement. But she says she's afraid that if she doesn't do that, social Security is going to run out of money and she might not get any at all. We hear this question all the time, right, so she's asking, really, is her fear valid to worry about that? And that kind of taps into what you were just saying about understanding when to take your social Security. Well, the fear
is very valid. You know. Social Security, no matter what side of the ale you're on, is very highly politicized, and it's been into the news for years and years and for years even saying they're going to do away or change and there's going to have to be some changes made now. So that's why her fear is valid. You know what, I would encourage her to do is you know, it's exactly why we offer these one on one sessions to come in to get a good handle of what's going on, you
know, the moving pieces in her life. You know, what is she saved, what is her plan? What is the necessity or the need for the Social Security income and a given point in life, talking through it all these things, laying out all the variables so she can make an educated decision, not a split decision, you know, one that's based on fear and anxiety, because typically that is not a good recipe for making good decisions. So, you know, encourage more discussion, a more a deeper talk onto
why it makes sense. And that's exactly what we do on a weekly basis. Well, there you go, There you go, Lauri. We hope that helps a little bit. And if you've got a question like that for Larry, shoot it to them Larry at Havenfinancialgroup dot com. We'll see if we can't get you on the air as well. Top of the show, I mentioned that there seems to be a bit of an interest in bringing back
the pension. Larry, I don't know if you've heard much about this, but that is actually one of the demands of the striking United Auto Workers, and of course the automakers are pushing back on that. In California, MMA fighters are now going to have their own retirement fund, which I found that
to be interesting. State has had a pension fund for boxers since nineteen eighty two, but MMA athletes were never provided one on their own, and as far as I know, no other state has a retirement or pension fund for MMA fighters. What do you think of these types of plans and should it be based on occupation? What do you think? Well, you got to remember that pensions used to be a big thing. You know, over the
years, that was the biggest thing. You know, hang out with a company for many, many years, They're going to take care of you in the form of a defined benefit pension or a monthly paycheck for the rest of your life. And you know that was replaced by employer sponsored plans for a variety of reasons, one being cost cutting, you know, putting the onus on the individual rather than the company to manage the funds for them for retirement.
You know, I know these auto workers want that. I understand why they would want it, but you know, these companies I don't think have any interest in putting that together. You know, most of these companies have turned the traditional plans over to insurance companies now again, it's why it's so important for individuals to develop their own plan and put away in these employer sponsored plans like four to one k's, four O three b's. And you know
the concept of the pension is great. You know that have the pensions, they love the pensions. And you know, I thought it was interesting because I'm a big MMA fan that it was set up for boxers but not MMA fighters. And you know, I just actually read into this a little bit. And they had a big event which Rond de Rousey was a part of and some other big name people. But you know, how do they set
them up? Who's going to monitor, who's going to fund it? You know, there's talk about the MMA how because the first thing is how do you fund this thing? Well, they're talking about through season ticket sales, selling vanity license plates. There's a lot that goes in behind the scenes to set up pensions. I wish the autoworkers the best, but I don't think that's gonna be something they're gonna be interested in. No, I don't think
so either. And that's that. You know. It's funny because we talk all the time about pension being one of those pieces to your retirement jigsaw puzzle, right, I mean, if you were lucky enough to have one. But everything else that's involved in that as well is what Larry and his team go over with you when you get that complimentary retirement readiness review, the thing I mentioned at the top of the show, and it's a chance for you
to come in, sit down and talk to Larry and his team. He's got folks in there that'll talk to you about not just investing, but you know, the best way to get around taxes legally. We always say that in retirement also healthcare, long term healthcare, estate planning, all of these things that go into your retirement years that affect your money. You've got to have a plan in place, and that's what Larry and his team help you
do with that complimentary retirement readiness review. If it sounds like something you should be doing or you've thought about doing and you haven't pulled the trigger yet, well that's why we're here today. Let me give you the phone number again. It is six one two four four one two four four one six one two four four one, twenty four to forty one. Call today as soon as you can to get on the calendar. The call doesn't have to take
a lot of time. Folks standing by right now as we're doing the show to talk with you, get your information and set you up for a time to come into the office and talk to Larry and his team at Haven Financial Group. So again six one two four four one two four four one, and let's say we got to take a quick break. But on the way, who's putting pressure on the Federal Reserve and why are they doing it? Also the story of former Olympic gymnasts that we all loved over the years.
And there's a lot of people scratching their heads and asking why. It's the Haven Financial Group Radio Show here on twin Cities New Stock eleven thirty and one oh three point five FM, just on investing, the state planning taxes and more. Want your complimentary retirement readiness review, call now at six one two four four one two four four one. That's six one two four four one two four four one, or connect with us at Havenfinancial Group dot com.
This is the Haven Financial Group Radio Show. This is the Haven Financial Group Radio Show. If you're looking for a clearer picture of your retirement plan, the team at Haven Financial Group is here to offer you clear financial guidance. Have a question for the team, connect now at Havenfinancialgroup dot com or we have team members waiting to talk with you off the air at six one two four four one two four four one. Welcome back to the Haven Financial Group
Radio Show. Thank you so much for being with us this morning along with Haven Financial Groups Founder and CEO Larry Kolvig. I am bill seller man. I love that song. That's just that's a good hold. Lady Rabbit driving my life away. Uh turns playing that because I was reading the story about a guy in Slovakia was fine when a traffic cam caught him speeding, which of course happens to all of us, right. But what's weird is he wasn't behind the wheel. His dog was. That's one of the reasons he
got in trouble as well. Traffic cam clearly shows what appears to be his brown hunting dog driving the BMW just a little bit of so. The dog had a lead foot. Apparently he's just trying to get somewhere to hurry. Actually, what happened was the camera caught the car going quickly right after the dog had jumped into his lap, and he was actually blocking the view of the driver, and I think he got a little scaring, kind of stepped on the gas and that's what got him. But oh my, they thought
they thought Rover was driving the car. A little levity here on your Sunday morning, folks, before we get back into the news of the world. Like the economy, right, some economists have been suggesting that the Federal Reserve should consider raising the target inflation rate to avoid potential job losses. But the Fed seems to be holding tight to that two percent target. So with that conflict happening and everybody kind of grumbling, Larry, do you think there might
be another interest rate hike on the horizon. Yeah, with the numbers that have come out recently, I think there's a really good chance that will happen before the end of the year. You know, price increases is still grinding lower, though, you know, at a slow and uneven pace. You know, prices in the US increased four tenths of a percent from August to
September, a slow down from the previous month. But now where they want the numbers, you know, the annual consumer inflation which people look at, it was just announced by the Labor Department was unchanged, so it stayed steady at three point seven percent. So many are questioning, you know, is
two percent the number or should they increase it a little bit? But they're they're here, and they're home very close to their guns here and you know, still on a month to month basis, prices are still rising and you know, faster there, consistent with what they want. So you know, I think it's very likely, you know, with that rate, it comes you know, mortgage rates that are over eight percent now, so the home buying and the you know, residential market, you know, where's that going
to go? And you know, I just saw the current credit card interest
rate averages are close to twenty one percent. You know, we've talked recently recently but about being careful, you know, being careful with the utilization of this, and they get a big hole that people can't get out of, and you know, at any age, but let alone this close to retirement, where the the in line is coming, when the golden years are getting close, you know, just be very careful, and you know, you can only do what you can do, but people's pocketbooks have been feeling it
for months and months, if not the last several years. But again, I anticipate seeing another increase. I really do. Yeah, And I think, and I please don't quote me on the number, because I've read the article a little while ago, but I thought I saw something where just the cost of living is up about five hundred dollars a month from a year ago,
right, I mean between groceries and utilities and gasoline and everything. So you know, it's really hitting the average consumer pretty pretty hard in the pocket. And that's substantial, and that's why we're constantly monitoring. You know, when we build out plans and we look at expenses, you know we've increased them significantly because they have increased, and the numbers are only accurate as you put into the system. So you know, when we do projections for people
in retirement, we want these to be acrid. And you know, I had somebody in just recently, I think of Patent Jane, and their financial person wasn't factoring in inflation, And I'm like, haven't we just been through all this in the last several years. How inflation is a game changer? How can you not factor in something that important. I mean, you guys were doing that long before inflation shot up, right, very much so.
But if you're not getting the attention that you deserve, uh, just last week, several times, well we see our guy or gal once or once a year maybe and he returns our call or she does, you know, within a couple of weeks. And I'm like, retirement requires more attention and hands on and than just that. And if you're not getting the attention any
in all of these retirement areas, they're not doing you justice. And you owe it to yourselves to be working with somebody that is listening and is talking to you and is paying attention to your situation, not just their you know, their situation. So you know, I just see it all the time and it gets frustrated and I just can't see how that how that works.
So make sure you're getting attention needed. And if you don't feel like you are getting the attention you deserve, that's another great reason to call Larry and his team at have in Financial Group. The number again is six one two four four one two four four one six one two four four one twenty four forty one. That's how you get in touch with Larry and his team at Haven Financial, and you know, speaking of inflation in the way it's affecting
everybody. A former Walmart CEO even believes consumers are starting to buckle under the weight of all this stuff, higher interest rates, politics, Obviously, we've got a lot of tension going on around the world, and he says on an interview with CNBC that inflation has retailers pulling back on deep discounts, so some of the sales we're getting apparently aren't exactly what they used to be,
right Larry, Yeah, yeah, you can. Again, it comes back to everything that's going on in this world, and you know, look at
all the various things. Not to ponder a negative on a Sunday morning, because you know, we have a lot to be thankful for in this country, don't get me wrong, but with everything being hit from inflation to the higher interest rates, to the federal budget getting pushed down the road, and polarized politics and all of these things are just bombarding people, and the natural, the human instinct, then it creates doubts, it creates concerns and worries,
and that's where people have to be reminded that you remember, we factored these things into the equation. You know, this isn't the first time these things have happened, and that's why you have to look at your own plan and talk through these things. This is the time when you should be getting the attention to give you the confidence that you're on track or there needs to
be some adjustments. And so when you hear the Walmart CEO saying that, I tend to listen a little bit and then I just I read this article that you know, when they start using percentages off rather than the actual dollar amounts, that tells you that there's a little bit of shift in these things. So it'll be interesting to see what the holidays brings. Yeah, when the marketing starts going to percentages and not actual dollars, they say that's not
a good sign. For instance, let's say a fifty inch TV is one hundred and ninety nine dollars or something like that. Right, Yeah, and now they say the fifty inch TV is forty percent off. Well, you use percentages when you're not, as this guy says, real proud of your price point. So you know, so keep that in mind as we're heading towards the holidays, right, and we think we're getting great deals. You've
got inflation pushing up the relative price points as well. So a lot of stuff out there, and it's a tough time for everybody, no doubt. But if you have a plan in place, and if you have folks that are helping you put that plan together and kind of guiding that ship, which
is what you know Haven Financial Group is all about. If you if you look on the website, their logo is a ship's wheel because as you always say, Larry, right in life and out on the water, one degree in the wrong direction, you could wind up somewhere you don't want to be. They could put you in the wrong spot, and I know in retirement and you don't want that, no, absolutely, And I know that you and your team work very hard when you put these plans together to include things
like inflation. As I mentioned a minute ago, if you're working with somebody who doesn't include that, I consider that kind of a red flag. I mean, Larry and this team doing that for years even when things were good before inflation should become an issue. So it's just something you have to factor in every year, isn't it. Yeah, you want accurate depiction of how
you're going to be entering retirement looking at expenses. You know, so many times people come in and we you know, they just throw a number out that expenses are X. Well they're X times too when people really put pen to the papers. So, you know, sit down, visit with us. We'll take a bunch of notes. You know, we're constantly monitoring and adjusting. I always tell folks that there's no quota as to how many times you can come in. I mean, some people want more attention, somewhat
less, you know. I think of Jim and Nancy from Savage, they're newer with us, and they go, now, what time next year can we come in? And I might what do you mean what time next year? I said, well, our last person said, we get one time per year, and I'm like, we have folks that stop and just pick up the cookies when they wanted to eat our cookies. One I'm for a month. So there's no quote as to how many times we can get together.
Whatever that takes to give you the confidence and the peace of mind that hey, somebody's listening and that might explain why their last person is their last person. There you go six one two four four one two four four one. That's how you set up your appointment with the folks at the Haven Financial Group. Coming up after the break, why so many small businesses are going out of business? Also the stock market Halloween effect? Is it real?
And cruising that's got a whole lot more expensive. If that's something you'd like to do, we'll talk about that. It's the Haven Financial Group Radio Show on Twin Cities Newstock eleven thirty and one O three point five f That interesting, what mad rise. Welcome back to the Haven Financial Group Radio Show. I am bill Seller along with Haven Financial Groups Founder and CEO Larry Colby. And once again Larry, we're gonna talk a little bit about AI because it
seems like every week we talk about AI, right we do. I mean it's everywhere these days, and that includes writing books. Apparently so many people I saw this story, so many people are using AI to rapidly publish books that Amazon has put restrictions on these suspected authors and I have I'm doing air quotes right around authors. Going forward, Amazon is only going to allow individuals to self publish three books a day. Well, that seems like a lot.
It sure does good agreed, I've better get in my first on the exactly you better going, buddy, you got a deadline to meet just before the break. I brought this up and it's really no laughing matter, but more and more small businesses are filing for bankruptcy, almost fifteen hundred in the first nine months of this year. And that's according to the American Bankruptcy Institute and Equifax. Data shows that defaults and delinquencies on small business loans now exceed
pre pandemic averages. Obviously this is a fallout from that. But is there other stuff going on here? Larry Well, rising interest rates you know, have helped fuel the spike. And I think there's like fifteen hundred small business bankruptcies under this sub Chapter five, which is a relatively really new provision to help you know, small businesses restructure its way up. I mean, in the first nine months, it's almost as many as the whole of last year.
So you know, small businesses can issue stock like big companies can, or seek out funding sources, if you will, like private equity investors. So they're at a very much at a disadvantage. Now where are they getting their money from? Well, they're actually you know, borrowing against themselves or tapping into their own personal credit cards, or in very few of them, they're getting financing from banks. So this rising interesting environed has made it very
very difficult. Now. Thankfully, we don't get a lot of folks that we visit with that are in this situation because many of the folks we sit down with are perhaps at the tail end of their careers or they're getting close to retirement. But I related to this that we do get folks that just need need some enforcement or some help, you know. I think of a couple that was in recently that you know, had some pretty decent credit card debt. They had an auto loan that had too high of a percentage,
and they just had hard time making decisions on their own. Ultimately was their decision, but through our conversation they asked us, they asked me, what do you think we should do? All they needed was affirmation, a confirmation that hey, those interest rates are too high, you have money sitting over here, get those things paid off, and something as simple as that, you know, put a smile on their face. Their month to month expenses
went down. So, you know' affecting everybody, How is it affecting you. Is there any areas that you can improve on? And you know, when in doubt, ask questions, but don't late these big interest rates, you know, affect you personally and the amount of death that it's creating in your own household. But small companies are feeling it. They don't have the backing and the easy access to cash a lot of these big ones do. It's a shame, man, because you know, small businesses are what make
us go. He does. Man, it's a shame to see all those things happening, just like it's a shame for me to talk about this next story. We all remember Mary lou Retten from the nineteen eighty four Olympics, right, I mean, she was America's sweetheart at the time, and some shocking news has come out lately that she is hospitalized fighting a rare form of pneumonia and apparently not doing too well financially, as her family has had to
turn to crowdfunding to pay her medical bills. Rettin, as it turns out, has no health insurance. Now, somebody who was a famous athlete like that and did reap the benefits of becoming a TV personality and getting endorsedment. She kind of wondered, Larry, how could something like that happen where she winds up with no health insurance. I don't know how that can happen.
First of all, I read that she and again I don't know if it was legit that she still had some an adequate amount of assets real estate, etc. So I don't know what the situation was. Yeah, man, she was a spitfire. I remember vividly watching her and in the Olympics, and wow, and how does she get in this or anybody get put in the situation? Now? I understand there are some people that like to risk it. Maybe there's a gap of six months and they risk not having health
insurance, and that could have some serious financial consequences. And you know, accumulating medical bills that you may not be able to pay, could turn into poor credit, could force you into bankruptcy, ultimately could get sued and have your wages garnished, could delay some of your care. You might not be able to get it our quality care might not be accessible, and there could be tax penalties. So thinking through these, you know, you know,
serious financial consequences by not having health care. I don't know the circumstances here. You know, she's getting crowdfunding, which she should and you know, at the end of the day, how does this happen? But we could only be responsible for our own situation. So again, I hope if you're in that situation that you talk through with folks to see what options are on the table. Yeah. I guess crowdfunding is how a lot of small businesses get started. But I know a lot of people use it as well when
they're on hard times like this. So at least she's got that going for it. And I think I saw the pot was up to like four hundred thousand dollars or a little more than that as far as trying to help her, but it's, uh, it's a tough time, right And and first of all, the insurance that is available sometimes is affordable, but then the deductibles are outrageous, right Yeah, yeah, I mean, and you know there's men, sure, there's there's programs that are out there, So don't
give up too easily. You know, we on that know we we have access to everything. Glenn handles all of our insurance and you know it's it is open in Roman Folks that are listening, you should be shopping that Medicare supplements and bantage out making sure you're getting the best deal. We do. We help lots of people in this area, and a lot of times people become complacent and they stick to X Y Z insurance company for six seven years
and never shop it out. And there's a good chance you might be paying too much and you don't even know what you're paying or have the best coverage. So there's no cost to shop it out, you know, give us a call, you know, be careful of those ads that you hear on TV. Don't believe everything that those paid spooks people say, obviously, So
again I encourage open enrollment coming up here real soon. Let us help you, Yeah, because I think the danger of the Joe Namas and the JJ Walkers and the people that we see on TV right is that it's just like a generic thing because every state has different rules, so what they're talking about
might not apply here. Oftentimes it does not apply, right. You know, we teach Medicare one on one classes, and you know, we bring it up and Glenn brings it up, and there's there actually is going to be some major changes when it comes to advertising and what I understand, but a lot of that isn't pertinent in the States. What they're trying to do is to entice you to pick up the phone and call, because when you
do that, you give them permission to call you. So remember that is the purpose of them trying to get you to call in Yeah, And speaking of that advertising thing and healthcare and all that, I saw our recent headline. I didn't read the article, but there's a push now too for for it to be illegal for drug companies to advertise kind of like cigarettes. I've seen that as an emotion. I think I heard what Did I read it right? And I don't know if you know or not, but I think
America and New Zealand are the only two countries that allow pharmaceutical ads. I think I read that, But I just know that that those ads are on the uh, they're on the radar of folks who would like to see them no longer be on television. So all of these things we're talking about, right, healthcare, insurance in the future, long term healthcare, setting up for all this stuff that happens when we're not working anymore. That's all part
of that complimentary retirement. Reading this review with Larry and his team and Haven Financial Group. That's why it's really important to make that phone call and get on their calendar as soon as you can. Let me give you the number again. It is six one two four four one two four four one six one two four four one twenty four forty one, and it's a chance for you to get on the calendar, get in there and have them take a look at your retirement plan to make sure that you do indeed have all of
the pieces to the retirement puzzle covered. As you get closer to that point of your life, or heck, if you're already there, never hurts to have a second set of eyes on things. After the break here, we're going to talk about something called the stock market Halloween effect. Is it real? Are just a spooky myth? And if airlines can do it well,
then fairly cruise lines can too. You're listening to the Haven Financial Group radio show Science Stock Invest a little time to be sure your investments are working for you, reach out to the Haven Financial Group now for your complimentary no obligation retirement readiness review. Our team is standing by now to take your call at
six one two four four one two four four one. That's six one two four four one two four four one on Twin Cities News Talk eleven thirty and one oh three point five FM. This is the Haven Financial Group Radio Show. If you're looking for a clearer picture of your retirement plan, the team at Haven Financial Group is here to offer you clear financial guidance. We have team members waiting to talk with you off the air at six one two four four one two four four one. Jo Jo John, Hey, welcome back
to the Haven Foinential Group Radio Show. We're gonna talk about some of those fishes in the sea. Here. In just a second, I have Bill Seller along with Larry Kolvig, who is the founder and CEO of the Haven Financial Group. He's pretty much the reason we're here every week. Folks. We're here to talk about Larry and what the folks at his company can help help you with through your retirement years. We're gonna get back to that in
a second. But I thought this was interesting speaking of all the little fishes in the sea. According to the Smithsonian magazine, it appears that dolphins could be getting high off of puffer fish. Larry. Puffer fish they produce a potent defense chemical that they eject when they feel threatened, and in small enough doses. Apparently, it's just like getting stoned for a dolphin puts them in
like a trance like state. So I don't think they're doing any purpose, but it just kind of happens puffer fish too, or though, isn't that what it's like in sushi? You can order it, but if it's not just cut perfectly and prepared perfectly, it's deadly. Is a puffery? I think? So yeah, I think that, yeah, so yeah, it's one of those you want to stay away from. I think documentary shows I
have succeeded on that. I think, yeah, yeah, you and that's not one of the sushi that you eat, you never no, along with every other piece of sushi. Apparently, the documentary shows dolphins passing a puffer fish between them for twenty to thirty minutes, as if they were trying to trigger the defense chemical, and later they were shown just kind of floating around on eat the surface, mesmerized by their own reflection. Could have thought, oh wow, well, you know the old saying sell in may and go
away, Well, there seems to be a counterpart to that strategy. Now it's known as the Halloween effect in the stock market. Larry, have you heard of this? What does that mean? I've heard of it, but
you know my thoughts on timing the market. You know, the Halloween effect is a market timing strategy that suggests that stocks perform better between Halloween and May first than they do between early May and the end of October, with the idea that the winter months generate higher returns than the summer months you know,
just came about in about two thousand and two. Is when you know, it's superstition and there's a defense to you know, the pros and cons and you know, those that want to say the numbers are in favor of it. Well, there are some that say that that it's stronger in developed and emerging markets like the United States than it is in the you know, frontier
markets, if you will. Some would say the statistics, and you can always stack statistics that for the past fifty years, the difference in returns is, why en't almost six and a quarter percent. There are those though, that completely diffuse that, in use statistics in another way, saying it's not true. You know what, I'm not big into conspiracy theorists and all this stuff. You should have a plan. Should you be in the market, how much should you be in the market based on your situation, based on
retirement? You know, these are the conversations we're having on a weekly basis with folks. You know, I think this is a lot of speculation. Do I think your retirement should be based upon, you know, this Halloween effect? I think that would be very dangerous. It would be very spooky to tell somebody that you're basing it on this now a good diversified, efficient portfolio, you know, based on your circumstances. That's what we're sitting down
with folks in helping them getting an understanding of theories out there. But at the end of the day, your plan should be concrete as it relates to you and your retirement years. Yeah, you want to show up scary for Halloween, show up with somebody without a retirement plan. That's there, you go. It's pretty darn frightening right there. And that's what Larry and this team can help you do is put your plan together. Take a look at your plan, make sure that the one you have is a solid plan.
Because I imagine Larry, a lot of times folks will come in and meet with you after they've set up their complimentary retirement readiness review and say well, here's my plan. And then you kind of have to say, well, not so much, right. I mean, you folks come in with what they think is a good idea, and after meeting with you and talking with you, you guys are able to maybe I guess, put together a better plan. Oh, most definitely. And then some people have they're very candid.
And I think of the couple that was in this week from Bloomington and they're in their early sixties, and I said, now, what is your plan? Let's you know, where does it start? You know, what are your strategies, what do you like about what you're doing? What don't you like about what you're doing? And this is well in the conversation, and they both looked at me and they go, well, the problem is, Larry, we don't have a plan and we don't even know where to
start to develop a plan. And he goes, that's what we're here. I said, well, I appreciate your candor you're in the right place. And you know, we walk people through the same process, whether you're have a lot or little or anywhere in between. We don't change up that process. You know, we're asking the same similar questions. And I love to hear when people say, why hasn't anybody else asked me that question in the
last thirty forty years. It seems like something that's pertinent to retirement, which it is. So in these conversations, which obviously we're looking to cultivate long term relationships that people can put faith in us and ask us questions and they know we're going to be there. That's the purpose of all this stuff is to give people the confidence in all of these different retirement areas, as I call retirement puzzle pieces, putting all the pieces together and not getting to the
end of the puzzle missing two or three because they got misplaced somewhere. That's what we're trying to avoid. Or you're working with somebody who doesn't know about that piece, right, the one that's missing. They may not even know it's supposed to be there, and that's that's not good either. So so Hilarry and this team do it. Haven's Financial Group. You can find out more about them at Havenfinancialgroup dot com or like I said, give them a
call six one two four four one two for one. Well, this next this next thing I want to bring up. It's uh kind of saddens me a little because I love to cruise, and a new story out says that they are not quite the bargain that they've been over the last few years. Cruise lines like Carnival and Royal Caribbean prices are actually higher than they were pre pandemic. Wow. You know, my wife and I got back into cruising
this year. We did it for years and then we didn't for a while, but we got back into it. But we like the ability to just get in, you know, like they take the hotel with you right, right, and too still see different places, right, instead of having to pack up and move every three days. You get on the ship, go to one point, enjoy it, go back to the hotel, let the hotel take you to the next port, and life is good. Right. But I mean, for me, that's what the draw of cruises is.
I just the prices are soaring, and it's got to be pretty much for the same reasons, right, just the cost of what it takes for them to run their business. Yeah, apparently you're not the only one that likes cruising, and we like cruising too. It's interesting that the prices are, you know, thirty seven forty percent higher, and they're higher than pre pandemic. And I guess maybe people are still stir crazy from the pandemic and weren't
able to go anywhere or any of that. And you know, I just I hope people aren't charging their credit cards in order to get to these places. But at the end of the day, we you know, you like to travel. We like to travel, and you know, people are going to choose what they want to do. I just hope it's part of their retirement plan. My wife and I actually we just booked a crew for next year and we got in at a certain price, and I already see that
that price has gone up. And again, I'm a big fan of cruising. I'm not telling people do it, don't do it. That this is not an ad for cruising, right, but if you try to take even a vacation and go to a resort these days, right, just stay somewhere
at the price is crazy. And I also saw an article where Europe has seen just this incredible surge of tourism and this year especially, I think you're right, though, I think it's got a lot to do with people wanting to get back out after being shut down for two years in many places, I completely agree. I mean, those are tough times. We got cooped up, and you know, people are sick of it, and they're willing
to do anything to try to make a goal of it. And you know what, I completely get it. I understand me too, man, me too. Well. You know, the thing is that the world costs more these days. So the best way to deal with that is to have a really good financial plan in place, and especially when you roll into retirement and a lot of these things that are happening start affecting your money after you're no longer bringing in a paycheck, And that's the biggest fear, right Larry.
When people come in, it's like do I have enough to get through retirement? It's probably the number one question, right, yeah, two biggest do I have enough money to retire? Or how long is my money going to last? You know what, as we walk through that, we want people
to we want to be able to answer those questions confidently. And a lot of times people you know, you know, well I don't have enough, you know, to worry about, and I don't want to waste your time with my small amount what I'll say is, small, medium or large, you deserve the attention that everybody else gets. If you haven't started with a plan, you know, start somewhere to get somewhere. If your plan hasn't been revisited in ten twenty years, well revisit it and get back to you
know, the basics and the fundamentals. And again, no matter what your situation, small medium, a large, people should be asking the same questions. And whether it's social security we had that great question from Lori from Lakeville earlier, and any other questions. They're all good questions and you deserve to get them answered. When people say, well, I don't want to bother you with questions. That is our job description. You should be getting these
questions answered. And if you're not, probably time to try somewhere else. And that place should be Haven Financial Group. Give them a call six one two four four one twenty four forty one for your complimentary retirement readiness review. Well, once again, Larry, our time has flown by. I do look forward to talking with you again next week. I'm I'm gonna go find me a couple of dolphin and a puffer fish and see a buffer fish. Here we go dude. All right, yeah, now we know why I
crushed sounded like you sounded in nemo. But anyway, have a great week, my friend, and I look forward to talking with you again. You as well. Take care and thank you for listening to the Haven Financial Group radio show on Twin Cities News Talk and one oh three point five at that and be long long time too. Investment advisory services offered through Guardian Wealth Strategies LLC, Haven Financial Group and Guardian Wealth Strategies LLC are not affiliated companies.
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