Retirement Account Rule Changes and Stimulus Check Details #186

I think that's the hope, right that, Yeah, that is the hope because so many of the things in this Care's Act have been delayed to people when it comes to unemployment benefits, when it comes to the p p P and small businesses being able to get funding to sustain to sustain themselves and to sustain that payroll. Right now, those things have in time and um and yes, so I'm hoping the stimulus checks are delivered as promised, whereas some of those other things just haven't been I was right, man.

So it's week four the quarantine. How are you guys doing, By the way, I wanted to check in, We're doing pretty good. Yeah, I think our families holding up reasonably well overall. How about you guys. Yeah, same here, man, We're doing pretty good. Obviously, we're spending way more time at home, way more time kind of out in our front yard, working in the garden, that kind of stuff,

waving at people from a distance. Yeah. Well, on that note, man, I installed a ceiling fan actually on our front porch because Kate and I kind of looked ahead and into the next few months and we realized we're going to spend a lot of time on this front porch, probably many as will make it super comfortable. Keep the bugs away with that exactly. Yes, So we got one of those ones with like all the fan blades. They can

kind of really whip up some mare. But actually, while I was out there the other day putting that up, some friends of us walked by, and so we were kind of out there having one of those six ft front yard conversations, and I was looking at our friend David, and I didn't realize that he had gray hair. Since he hasn't been getting his haircut regularly, it was getting a little bit bushy around the ears, and so you started to rag him about it. Of course, with that

gray hair comes lots of wisdom. I'm all about gray hair. By the way, I would much rather have any hair at all and how to be gray or white than have no hair. You know, what about you? Yeah, you know, I think I prefer grays well like Evans, some hair, even if it is gray. But you know, with a lot of us working from home, I think now is is like the perfect time to figure out how to maybe cut your own hair. This is something you and

I've talked about before. A lot of people have that question now and they're starting to get a little shaggy and there because I gotta, I gotta, I gotta be honest with you. In a couple of weeks, I'm gonna get too close to a wearing a ball cap every day. But I don't get my hair cut. That's kind of why I've been wearing I had recently since weddings have slowed down. I don't really have a need to cut my hair, except that, you know, I don't know when I hang out with other people, a kind of feeling

the need to tame it down a little bit. But but seriously, with a lot of folks not going to get their hair cut, I think folks should look to Amazon, maybe getting up here of hair clippers investing a little bit of money into something like that. There are lots of different tutorials as well online like YouTube is definitely gonna be your friend if you've never cut your hair before. Are But I think that, like I was saying, though, this is a perfect time to experiment a little bit.

And you know what, if you bought it a little bit, no big deal, Like it'll grow out in two three weeks and nobody's gonna see you. You can try again, or even this might even be a great time to try out buzzing your hair. I don't know if you've ever Did you ever buzz your hair? Like while you're in high school? No? Middle school? It was bad. Why did every guy in middle school decided to buzz their hair? I did that in middle school as well. Can I

admit this too? I wore a headgear in middle school? Uh, really cool. I was really really cool, obviously, And then we're making indentions in my head and so you could see the lines where the headgear had been at night, where it sit there all night long. I should not have just admitted that, but I did. Oh you're such

a nerd. Oh man, I would have left to know middle school Joel that middle school Joel in middle school, mat would have totally gotten along, or we would have been just so embarrassed of each other that would have just like gone to our separate rooms like at our parents house exactly. Anyway, I wanted to mention that because I think a lot of people don't consider cutting their own hair, and I think that's something that you and I were definitely not afraid to do that ourselves, but

a lot of people are. Yeah, I'm definitely not afraid to look in like an We take a lot of stuff seriously, but you know, luckily we don't take ourselves all that seriously. Also, I'll put a little YouTube video that I came across that I think might help some folks out there who have never done this before. It might give you a little bit of confidence. Nice, all right, that sounds perfect. All right, Matt, let's get onto the subjective hand. We're talking about the retirement account rule changes

in stimulus check details. But first let's talk about some of the good news. It's happening this time, the good news, the good news. We're trying to hit that first thing on these Friday episodes and kind of tout some of the good things that are happening in our communities around our nation during a time where there's just a lot

of difficulty going on. So, yeah, the first thing we want to mention is that BP is offering fifty cents a gallon discounts to first responders, nurses, doctors, and hospital workers on their next trip to the gas station. So if that's you, you'll have until the end of April to get your discount code. For more info, go to BP dot com slash Local Heroes. You're gonna have to identify yourself through that through a website the VP has set up. But then you can get fifty cents off

a gallon of gas. That's pretty sweet, yea, And with gas prices as low as they already are, this might be able to take you back to those middle school days. Seriously, I think in some states it might get you under a dollar per gallon, depending on where you live, So there's not applying in California, yeah, seriously, but that's definitely something worth checking out. And all the note of car expenses.

On this past Wednesday's episode, we talked about going to your insurer seeing if you can get a discount when it comes to your auto insurance. Well, some auto insurers

are offering rebates proactively. American Family Insurance, they are returning about fifty dollars per insured vehicle as they estimate that policy holders drove about fewer miles during the last three weeks in March, and all state they say that they'll be sending out around six hundred million dollars in shelter in place payback checks and so claims are oftentimes correlated

directly with the number of miles driven. So obviously when less people are driving, there are going to be fewer fender benders, which you know, obviously saves us money in the short term. It saves the insurer money because they're not having to meet those claims. But in this case, it's also saving us even more money because we're you know, we're getting some of that money back ourselves, you know,

we're kind of sharing in the profit. So I think that's really cool that some of these bigger insurers are doing that. Yeah, I sent an email earlier this week to my insurance company to see if they were doing the same, and at first the reply for my agent was kind of like, uh, no, not yet at least,

but thanks for checking. And then the very next day, my agent sent me a link to the presser from from Liberty Mutual that's who I'm with, and she said, you know what, we're rebating people, you know fifteen I think of their March and April bills. So that's good to see. I love seeing that more insurers are following suit.

On another good note, Matt, we've been talking about all the good news, all the good news we know, of course due to the Cares Act, and we've talked about this that if you have federal student loans, well you don't have to pay your monthly pay it for six months. But we didn't have great news to share for people who have a private student loan, and so we wanted to let you know that that seems to be changing.

A lot of the private student lenders are also offering at least a ninety day UH forbearance time limit for you. So if you do have a private student loan and you do find yourself unable to pay right now, well there's a good chance to your private student lender is willing to work something out. You're not going to get the interest holiday that federal student loans have in all likelihood, but at least you want to pay your bill for

ninety days and you won't go into delinquency. So yeah, we would encourage you to go to your private lenders and website and see what briefing they have available. If they don't have anything listed up there, they give him a call and see what they can offer you. Nice man. You know. One of the other changes we've seen since our last Friday episode is that the CDC has announced that they recommend that we all wear face coverings when we go out in public, especially when we go to

places like grocery stores, pharmacies, things like that. And so we're starting to see local small businesses making like good looking face masks, and not surprisingly we've seen Etsy. They've become a hub for small businesses to sell the different masks. I have a feeling that these, you know, these masks will look more and more like accessories for us, not necessarily a health precaution, as they even become more and more a part of our life, you know, in our

day to day. So, oh, you've got that dope new Tommy Hill Figer mask. I don't know if Tommy Hill fagre stoke cool or not. Probably not. Again, you're you're really throwing it back to the middle school days. So we would recommend that you follow the CDC's guidelines, take those health precautions, wear a mask, and at the same time,

you can support a local business. So there's a local bike shot that we have here in town, Spindle and they normally, you know, they sell bike parts and accessories and stuff, but they also make their own bike bags that kind of attached to the frame of your bike. Maybe if you're listening, you've seen these before, but they have transitioned to making these masks themselves, uh and selling

those along with what they normally sell. Some other friends of ours as well, Three Toes Thread Works, they're actually up in Grand Rappings. They're friends of the show and they're doing something similar. I think it's cool that we're starting to see these smaller businesses switch things up a little bit and catered to some of the health needs that have come up. Yeah, totally, Pivoting is huge for small businesses right now because of slowdown in business has

kind of hit almost everybody across the board. Almost every business has seen at least a slow down, and so pivoting is crucial in a time like this. Man, I saw this article just the other day in CNBC. They talked about a swag company and obviously swag in this economy just way less of a need and there's no conferences going on. There's no pins to give out a conference slag. Okay, like like the pins and stuff, Yeah exactly. Yeah, Like, how do you sell swag? If you make out the swagger,

you can't buy it. You sell swag in a bottle, like you just like you take that and apply it to your neck and on your wrists and something like that. It's like a potion you take something like that. Yeah, but no, but this company has completely changed gears and they started using their existing contacts and resources, and they

launched a website selling medical necessities. And they could have kind of stayed put and said, woe is me, and you know what, our swag business is going to go under or we're at least going to have just a really hard time at a minimum for the next three to six months. But no, they said, we're gonna proactively make a decision to do something different. And I know not every business can do that, but there's a lesson

to be learned. In that and the more we can pivot in this time as individuals and as businesses, it's gonna help us out. And it was really cool to see that conference swag company doing something proactively to actually kind of pivot and create a new business for themselves. Yeah,

resilient businesses look for opportunities. Right, Let's go ahead now and kind of dive into retirement accounts that we mentioned this at the top of the episode, but the details and some of the rules surrounding retirement accounts has changed due to the CARES Act. We mentioned this briefly a couple of weeks ago in response to a listener question who was interested in tapping a four own K to

use that money for other investments. But the CARES Act has a provision that allows people to tap their traditional I ras or their four O one case early and you can make a withdrawal of up to one hundred thousand dollars and avoid the normal ten percent penalty. However, you'll still pay tax on the amount that you've taken out though, but of course that's going to be at

your ordinary income tax rate. However, you can choose to pay that tax over the next three years instead of being forced to pay that all in one single year as you typically would. Yeah, so that's an interesting provision mat As people have heard more and more about it, there's more and more questions. But I think the ultimate question is should you do it, And we would say the answer is in almost every situation no, mostly due to the fact that you'll be locking in your losses.

Right the market is down currently about from its peak right now. Depending on your asset allocation, whether you're heavily invested in stocks or whether you have a more balanced portfolio, you'll be taking that money out while the economy is in recession territory, and those shares that you sell well, they will never be able to experience that inevitable recovery

inside of that retirement account. So we would say the only reason to take that early withdrawal is if you need that money to put food on the table or to keep the lights on, or if you need even more than the current loan amounts that you have available to you through the paycheck protection plan to be able to keep your small business afloat. If it means folding altogether or tapping your retirement account, I mean, I think then it might make sense to tap your retirement account

to to keep your business going. But for the most part, this is not something to be done flippantly, to start tapping your retirement accounts, pulling money out while the market's down just because you can and you're not gonna have to pay the penalty. Yeah, it's so important for us to not lock in those losses. And on a related note, let's talk about required minimum distributions. Individuals of retirement age are not required this year to take the minimum required distribution.

By not requiring these distributions, retirees are not forced to sell investments that have declined significantly. Again, if they did, they'd be locking in those losses. So I think you know, luckily most of our listeners are under the age of seventy two and are hopefully in a position to continue

investing while the market is on sale. But if you do happen to be an older listener, or maybe you're talking to a parent who doesn't need that retirement money this year, tell them to forego the required minimum distributions this year so that they don't take those losses. Especially for new retirees. Matt, a big down swing in the amount of money you have overall invested. Starting to pull that money out has long term effects over your withdraw

strategy in retirement. And so yeah, if you can leave that money in not have to pull it out, that's the best case scenario for you. So yeah, I would say to anybody who can afford to not take their rm D, you're not forced to, so leave it in.

And Matt on one of the note before we get to some listener questions, We've been sent a few emails and I've seen some people having questions about F S A S and h S A S and they're wondering whether the Cares Act addresses this because things have changed, and they're wondering if there have been any provisions in the Cares Act for F S A and h s AS in particular. And what we can tell you is that not much has changed legally yet on these accounts. There was a provision in the Cares Act that made

feminine hygiene products and h S A eligible expense. So that's an upside for our female listeners. But what about f says, These are of course the accounts that you can put money aside and shelter from taxes, but it's a use it or lose it situation, you have to use it this year or at the very latest by early next year. And there is talk of another stimulus bill, and we're hoping that Congress at a minimum extends a deadline for us to use these funds to still get

that tax benefit. Because let's say, Matt, somebody has a dependent care f s A for daycare for the kids, but that daycare is shut down. Well, they're not spending the money that they had allocated in their f s A, and in all likelihood it looks like they're gonna be taxed on that due to no fault of their own.

So there's not much that we can share at this point, but do know that we'll keep our ears open, we'll keep looking and hopefully some sort of changes made to help people with an v s A that can't use it all this year. Now, that's right, man, So we're gonna take a few coronavirus related listener questions as well as cover some of those stimulus check details. We're gonna get to that right after the break. All right, we're

back from the break. We just covered some of the retirement account rule changes that are in effect now because of the cares act, and it's time to get into some listener questions and then we'll talk about stimulus checks in a second. To David and the Facebook group had a question Matt that I thought we should cover because it's probably one that other people have thought. He said, in this recent economic downturn, would it be wise to take out a personal loan and invest that money? Because

I think I might be able to make more? And Matt, you and I not risk averse, but this is pretty risky. Like we think a certain amount of risk is healthy and necessary to be a good investor, but taking on debt to invest, it's not typically a great move, right man. Yeah, man, When you look at the historic returns of the stock market, like from a number standpoint, it seems like it would make sense in our brain that taking on a lower interest rate debt in order to invest and now a

higher return like that seems smart. That seems really intelligent. But borrowing costs are certain and investment results are not certain. And the other thing is that personal loans are going to have higher rates, and so we're not fans of those at all. The best rate possible that we're seeing right now is like five to six percent and that's on a site like so FI or credible, and you know, there's no guarantee that you're gonna get anything close to that.

In the stock market. You might, you might get a lot higher than that. But the fact is is we just don't know. We don't know that the state of our economy, we don't know where things are gonna be later this year, all right, man. So that brings up the question should you ever borrow money to invest? Are you thinking about housing? Well, yeah, real estate. If you're if you're gonna invest in real estate, that's something you and I've done. We have become leveraged real estate buyers.

We put money down, typically on an investment property. That's how you get the best terms. But we have done that, right, We have taken on debt in order to invest. So we would say that, yeah, there are some times where it makes sense to take on debt for investment purposes. But I think there are a couple of things that you need to note before you do take on debt

for investment purposes. And one is the reason it is different for real estate than for just investing in the stock market is because your cash flow increases every month. When you're a landlord, right, You're getting an actual return on your investment every single month while you're paying down your mortgage. And also housing is just a more stable investment. It just doesn't fluctuate nearly as much as the stock

market does. With the stock market, borrowed money could increase your net worth over time, right, but it's this far riskier endeavor because you don't have any sort of assurance of cash flow to pay on the debt like right now. And so, yeah, borrowing to invest when it comes to putting more of your money in the stock market in hopes that it will go up in the next three

five years, that's an incredibly, incredibly risky move. While buying investment properties and doing it well with proper leverage and proper underlying you know, personal finance habits in your own life, you're investing with borrowed money, but you're doing it wisely

and judiciously. Yeah. So, in another way to kind of look at this problem is if you already own a property, right like, so, say you have extra cash on hand, and so the question then comes up, you know, should I pay off that mortgage or should I take that money and invest it more into the markets, and when it comes to the numbers, we are going to tend

to side with investing more. And so someone listening might ask the question like, like, what is the difference here, Well, personal loans are different from mortgages because a mortgage it's lower risk. It's also a lower interest rate loan. UH, that is also giving you somewhere to sleep at night because there is a tangible property there. It's not just

money that's invested in the market. However, Man, I want to couch that even just a little bit, because like I used to be by the numbers total money nerd, Right, But like the more more, like the older I get, the more I realized how much UH, emotions play into our personal finances. And you know, dude, like down the road, I might be someone who is going to lean in favor of even paying off a property because of the

emotional benefits that you would receive from that. Even though I know that, yeah, I'm only paying three and a half percent, or I've got this property it's only at four percent, it makes sense from a number standpoint to keep that mortgage and continue to invest extra money into the market. Right. However, there's something that my brain is striving for which is like whether it be simplicity or

just to have less on my plate. And I am seriously going to consider down the road if I do have extra money to invest to maybe look at paying off a mortgage instead of taking that money and investing it in the market. Remember when we had our friend Andy Hill on the show. Yeah, I'm totally thinking about him because he's one on board with the you know, the paying off your house train. He loves that clarity,

and I kind of envy that a little bit. I think, man, he's got way less on his mind, even though in reality, like what changes all that much? You know, like you've got s road, the payments are automatic, I don't have to think about it. But I think there's something different, Like there's there's something like something clicks, and it feels different when you know that you own a house compared to having a mortgage on it versus being leveraged. Yeah

for sure. Yeah. So I think taking out debt to invest, Uh, it's something you should be incredibly wary of. And taking out a personal loan in order to invest is something that you should definitely stay away from. All right, Matt, let's get onto a voice question. This one came from a listener in Minnesota about investing right Now. Hello Matt and Joel. Terry here from St. Paul, Minnesota. Thank you

for your podcast. My husband and I listen on a regular basis and find the information you provide to be quite helpful. With the way the markets have been, we found ourselves in a debate on whether or not you could lose all the money in a four oh one K, and since we're unable to find a solid answer, we were hoping you guys could help. So can you lose everything, including the contributions you and your employer have made or

would you just lose the gains in that account? Also, should we cut back on our contributions if our employer cuts back on their match? Thank you so much, guys. Hey Terry, thanks so much for listening. We appreciate your question. We appreciate your husband listening to both of you. Let's go ahead and get your question. You're asking if you can lose all of your money that you have in your four oh one K. The short answer is it's possible, for sure. But if that's the case, we've all got

bigger issues to worry about. Take your fish to Fry. Yeah, and the reason for that is because hopefully you aren't invested in widely diversified index funds like US Total Stock Market Fund that has made up of thousands of different American companies, or even the SMP five index fund, which is made up of you can guess it maybe around five hundred, not four nine different companies. I'm pretty sure actually there's not exactly five hundred funds. I think it's

like was taken off recently. I think they were in the SP hundred no longer. They didn't make the cut. And so Terry though that you know, the chance though, of every single one of these different companies tanking and going bankrupt at the same time, it's highly unlikely. But if that does happen, that's when we have bigger things to worry about. Yeah, that's the end of our society

as we know it. And the end of your four own K doesn't really matter very much when it's the end of society, right, And and Terry to your question too, So much of it does depend on what you're invested in inside of your four oh one K. This has happened before with individual stocks, right, and it could happen again. Certain companies do go bankrupt from time to time. They experienced a lot of difficulties in their stock plummets to zero.

Matt HBO just made some of their shows free right now, And Emily and I are watching a documentary about the monopoly game from McDonald's, like the fraud that was involved over years and years. I remember that. Yeah, it's really interesting. But one company, the marketing company that worked with McDonald's, their stock, unbeknownst to basically any investor, went from a hundred dollars to fifty cents in a day once it

was found out what happened. So this is the kind of thing that can happen if you're narrowly invested in just one company. Yes, you can lose it all. And that's a terrifying situation. Let's say you put ten thousand bucks in Cruise Line stock right now. Well, it could recover handsomely and you might look like a genius. But if that company ceases to exist, your investment could be wiped out altogether. Yeah. Man, Another maybe more distant but very real example, like look back to the early two

thousands with the Enron scandal. They had falsified their corporate earnings reports like for years, and in the end they closed their doors after a bankruptcy, and so the Enron stock shareholders at the end of the all of that, like,

they were left with nothing. And this is another reason too, Matt, that we suggest that people not put any of their retirement funds into company stock because a lot of the Enron employees not only did they lose their employment that day, but they had a lot of Enron stock inside of their retirement accounts that was wiped out. Too bad day for Enron employees. Yeah, so that's why we're all about diversifying your portfolio to reflect the overall American or potentially

world economy. So yeah, even then, you could lose your original capital in the short term, right in months or potentially even uh years, but in the long term, the potential for that is almost non existent. And again, if you were to invest in the overall economy in hundreds and hundreds and hundreds of companies and your four oh one K did collapse to zero, not just your contributions, but your employers contributions as well, then we have bigger fish to fry than It's a real nightmare situation on

our hands. So could your four one K come to zero. Yes, is it likely to happen if you're widely diversified and well invested. No, it's highly unlikely. And Terry, the last little bit of your question there, you're asking about cutting back on your contributions. If your employer was cutting back on their contributions and the shortagewer there is, I would say, yes, still contribute up to the company match if they are

offering a match. But if they're not. Beyond that, looks open your own retirement account, preferably something like a roth IRA with one of our favorite low cost brokerages like Fidelity or Vanguard specifically, look at opening a roth IRA if you meet the eligibility requirements. Yeah, Terry. Overall, if your job is secure, you've got a decent emergency fund, do not up investing. Just deviate away from that four oh one K into a roth if that company match

does subside. And I know, Matt, we talked about this last week. More and more employers are doing it. It's a bummer, but that's the facts on the ground. Better to lose that match than to lose your job, that's for sure. All right, man, We've got another listener question. My name is John. I'm from Conklin, Michigan. In I inherited a sizeable amount of money. Does this disqualify me from the stimulus checks? John, that's the shortest listener question

and how to money history. But this is a really good question, and this will also allow us to dive more into the details of the stimulus checks. What if we answer the question the way John asked it, this would be a lot shorter of a show. No, you're not just qualified, goodbye. But John, you're asking about that

inheritance that does not count as income. So whatever dollar amount that you did inherit back in that won't count towards your adjusted gross income, which is what the federal government is using to determine your eligibility on the stimulus checks. You likely paid some taxes on that inheritance, like a capital gains tax maybe or an inheritance tax, but I guarantee you did not pay an income tax because it's

not income. Yeah. That's great information and good news for John right that he's still eligible for that stimulus check. Let's get into kind of some of the other specifics about the stimulus checks. So people don't know about whether

they qualify or not So there are income requirements. Right, Single adults with an adjusted gross income of seventy five dollars or less is are going to get the full amount in the twelve bucks, and married couples earning a hundred and fifty thousand dollars or less will receive a total of two hundred above those income limits to pay out decreases until it stops altogether, similar to kind of

a ROTH contribution and how that works. How there are limits to your income and whether you are allowed to contribute to a roth. Right, So the cutoff for single individuals is if you're earning ninety nine dollars in a year, and they cut off for married couples is a thousand in a year. Also, each qualifying kid under the age of seventeen gets an additional five bucks added on to that check. Yeah, so those are the cutoffs. Let's talk

about that phase out sort of section. Right, the benefits are going to start increasing at a rate of five dollars for every additional one d dollars an income, or maybe another way to look at it is the amount that you receive will be decreased by five percent of the amount your income exceeds that seventy five. And this

is an example for for single individuals. Right. Uh. And so a single person, say, for example, that has an eighty five tho dollars salary, they would get a seven dollar check because they would subtract the five percent of that additional ten thousand dollars, which is five hundred bucks. Yeah. Another question people have, Matt is about the eighteen or twenty nineteen returns, And it's confusing because some people had already filed a return for this year, other people haven't,

and then the tax deadline was extended. So do I need to file? Don't I need to file? Do I qualify with my twenty eighteen return? Do I need to file my twenty nineteen in order to get this stimulus check? So no, you don't need to file tax return for twenty nineteen in order to get a stimulus check. The I R S will look at your twenty eighteen return, and if you have filed your twenty nineteen tax return, your most recent adjusted gross income is what will do

Herman whether you'll steve the stimulus payment or not. You can easily find your a g I online eight B of your twenty nineteen tax return. So if you haven't filed those twenty nineteen taxes yet. The government, the I R S, is going to look at teens A G I and that's how they're going to make a determination. And so as long as you filed taxes for eighteen or twenty nineteen, there's nothing else that you're gonna need to do. Uh, you're receiving these checks. It's gonna be automatic.

Individuals or couples who opted for their previous year's tax refunds to be directly deposited will have their stimulus checks directly deposited as well. And we should expect those deposits around April fifteenth, is what they were projecting. And so that's next week. Man, that's pretty soon. And if you don't have a direct deposits set up with the I R S, then your check will likely be mailed to

the address that your returns were mailed to. Yeah, they're saying that could take months and months longer than the direct payments that are they're hoping to send out next week exactly. Snail mail. Man, it takes a long time. It takes a really long time to process all those checks. So, yeah, it's a bummer. If if that's the US for you, because, yeah, the government wants to get the money into our hands

right away to help stimulate economy. And Matt, we're going to talk next week about what to do with your tax refund money, with your stimulus check money. There are a lot of good financial moves you can make right now with an infusion of cash. And there's also a triage of sorts that some people in in tougher financial circumstances are really gonna have to consider. So yeah, we'll get into all that stuff next week on the show.

That's right. So right now we're talking about how to get that money, and the next week we'll talk about how to spend it or what else to do with it that spend spend it all at least get a mask, right, that's right man. We need to play our part when it comes to protecting the health of those in our community while also allowing ourselves to support local businesses who happened to be making these masks. So it's a win win.

I'm gonna look into those masks at the bike shop you mentioned there, you go, man, I love seeing that. Maybe I'll ride my bike over there and see what they've got in stock or right, I don't know. Maybe you have to order online and they ship it. I don't know. It's it's all jumbled, like trying to buy anything right now. It hasn't been so weird, like we're so used to stuff, you know, showing up a day later or two days tops, and you know I just ordered something like two weeks ago and it might show

up tomorrow. I don't I don't know. Yes, some businesses are just saying we're not shipping right now because of the delays. I know. You know, one of my co workers was looking for a bike. There was this one bike company that was that was telling her that she would get delivery in a week's time, and another one could just couldn't give her delivery date. So yeah, it's just crazy, crazy times out there in the world of shipping. All right, Matt, that's gonna do it for this episode.

For folks that want our shout outs, will just go to our website how to money dot com. All right, man, So that's it until next time. Best Friends Out, Best Friends Out,