Let's Talk Money

so would love to hear from you this morning. We can take your calls at eight hundred TALKWGI that's eight hundred eight two five fifty nine forty nine, or we also have an email where you can send us questions. If you don't want to be live on the radio with me, you can send them to ask Bouche at Bouche dot com. That's ask bo U c h Ey at Bouchet dot com. So please feel free to reach out.

I know we have a lot going on in the coming weeks, and we've had a busy economic and market week as well, so happy to cover that, but also would love to hear from you and hear what's of interest to you out there in the listening audience.

again a much smaller measure. Whereas the broader markets, the S and P five hundreds, it ends the week down about one point four percent, but it's still up over twenty percent on the year, and we're only in the beginning of November here. And then as the more tech heavy growth index that we follow was down a little under one percent at point nine to two, but again still up eighteen percent on the year, even though we've seen some pullbacks you know in some of those larger names,

when we hear again softer earnings guidance. And then international markets. Right, so I was looking at my notes from a couple of months ago when I did the show in early September, and at that point, you know, the international markets had

been up close to ten percent at that time. They've just continued to see a pullback and we had another down week one point two percent in those markets, and again they're not even up five percent on the year, So, you know, definitely a big difference in international developed markets compared to the US markets. Which is what we consistently say on their you know, really to our clients and on the radio, is you know, we just haven't felt

comfortable being in the international markets directly. We of course understand that we have exposure to the international markets in our large megacap holdings. Right of course it's a global market at this point, but we haven't gone back into purchasing you know, the international developed or emerging markets at this point, you know, simply because you know, they haven't

looked as attractive. Although certainly those companies are discounted compared to the US markets, we just haven't seen the strength in those economies. And with the emerging markets, right there's always concern as to whether the results that some of these companies like trying our releasing are accurate or not. We've seen you know, continued issues, you know, whether that's in Great Britain and in Europe, and France again just weak economic markets. They're compared to the recovery we've seen

in the US coming out of COVID. So again we've we've not gone back into international markets directly and that has really helped our clients and our portfolio results. Also, the big news, you know, in the fixed income markets and treasuries. So I have clients who are, you know, looking to purchase homes and they've complained to me, well,

we've seen mortgage rates go up, not come down. So although the Federal Reserve did lower rates by half a percent, which was maybe more than most expected in September, you know, that brought the short term lending rates down. So whether that's for you know, maybe a shorter duration home equity line of credit or for you know, a loan against

your investments, those rates have come down. But mortgage rates actually had been climbing, and that's because they're more connected to the longer rates, something like the ten year treasury out there. So this week, you know, treasuries were up slightly and you know the yield is that got four point three eight percent. So one thing that our amazing investment team, so we have Ryan Bouchet and Palo La Pietra, along with our trading team, Ed and Kathy and da

as our head of operations. What they looked to do actually was look at some of those rates and really try to lock in that over you know, four point three percent rate on the treasury for some of our clients that we may want exposure to the bond market

a bit longer term. So you know, that's something that we look at because when you're taking a look at you know, treasuries that are going to be maturing you know, less than a year from now, the same as locking in that rate for ten years, that's attractive because the tenure really hasn't been that high for very long in a long period of time, So that's something we look at.

And oil oil is actually you know, down to under seventy dollars a barrel, So the oil was down slightly on the week about point nine percent, but it's down almost three percent on the year, So something people are not talking about because obviously there's other headline news with the elections and the Fed meeting this week and libor market data. But oil has actually come down, so gas prices have also come down, So that's just a quick

market recap. You know, again, I do have more to share around earnings and you know, happy to answer any questions though, so give me a call. You can reach me at one eight hundred talk w GUI that's eight hundred eight two five fifty nine forty nine. Or again you can email us at ask Bouche at Bouche dot com. That's a s K b o U c h e y at b o U c h e y dot com and we'd love to take your calls. So, as I mentioned, you know, we we have seen some good

earnings results. So you know, earnings growth for the years on pace for nine percent, well above last year's growth. Wait right, but you know, really I think the guidance out of companies has been very cautious. So you know, while we certainly see that in the vast majority of election years, both November and December are positive in the market, decem or I believe eighty three percent of the time

ends up positive in an election year. You know, there is again concern for ten these you know, earning rates can be multiples that these companies are trading on be sustains long term? Are we going to see a pullback? So you know, from our perspective. Again, we look at earnings, we look at the fundamentals of the company, and we

make sure that we're in a well diversified portfolio. Right That's really important to make sure that you're not overweight in any one individual company, any one individual industry, you know, and any one area of the market. So while again we're only investing in the US right now, it's really across the board, small cap, mid cap, large cap companies,

growth companies, good quality companies. We really want to make sure that we have both the companies that are going to do well in an upmarket and also the companies that are going to sustain us if we see any economic pullback, right, So the companies that have grown their dividends, the companies that have strong balance sheets and cash flow. So that's really a big focus of what we do here at Bouchet is make sure not only to capture the upside, but to protect our clients on the downside

when we see some volatility. We're going to take a quick break, but please come back to us at Let's Talk Money with Bouchet Financial Group. You good morning, and welcome back to Let's Talk Money with Bouchet Financial Group. I'm Nicole Goobel, director of financial Planning and advisor here at Bouchet Financial Group. So in addition to being an advisor and having done this job for about fifteen years and financial services for twenty five, I'm also a CPA

and a certified Divorce Financial Analyst. So if any of our listening audience have questions related to tax planning, you know, I'm happy to take those as well. And as a reminder, we can take your calls at eight hundred TOPWGI eight hundred eight two five fifty nine forty nine or at our new email address, Askbouche at Bouche dot com. Would be happy to help. So let's talk a little bit about economic data and what that means for this week

with becoming FED meeting and the election. So, you know, an important factor that we've been looking at has been the labor market, and the jobs number came out on Friday well below expectations. So Marty talked a little bit about this on the show yesterday. But at twelve thousand new jobs, I mean, you know, that's basically, you know, no change compared to the one hundred thousand, one hundred

thousand new jobs that were expected. There was also a revision for the last two months, down by one hundred and twelve jobs. So really, you know, again both with revisions of previous data as well as the current number just shows a bit of a softening labor market. That's good and bad, right, It means, okay, well, the economy is not necessarily growing as quickly as it had been, you know. But also maybe the Federal Reserve is going to cut rates again this week or also in December

to stimulate the economy. And why is that good? Obviously, if they can cut interest rates, that stimulates the economy because companies can borrow and individuals at a lower interest rate, and you know, really that makes people bend that money, whether it's growing their companies, whether it's putting money back

into their homes. Right, So that's an important part of this as well as you know, again just consumer spending, which I know Palo often talks about with his economics background, of consumer spending being such a big part of you know,

the GDP of this country. So you know, when we look at that, there were a couple of reasons, right, So, as Marty said yesterday, a number of strikes, including the big Boeing strike, also the hurricanes, you know, so the expectation is, you know, maybe this strike was about forty six thousand jobs. That's a big piece, right, That's over half of was expected. And also the hurricanes, between forty and seventy thousand jobs is kind of the expectation as

to what that could have affected. However, the unemployment rate still, you know, remains at four point one percent, so you know, that's a very low unemployment rate. So the Fed's concern is, you know, do we cut rates and risk that inflation comes back, right, because that's their job is to make sure that we, you know, do not allow inflation to come back as it had been a couple of years ago.

So we are, you know, nearing again that inflation target of two percent that the FED is looking for long term. So it will be interesting to see what happens this Wednesday and Thursday coming out of that meeting. So again, we also have the election this Tuesday, so a lot of clients ask us what is the expectation as far as who's in office and what happens to the market. Well, as I mentioned, in election years, November and December tends to the vast majority part of the time be positive

years in the market, regardless of humans. So you know, our expectation is really long term. Whoever is elected is not going to affect the long term performance of the market. We're still going to see. Again, it's based on company performance, it's based on earnings, it's based on growth of the economy, it's based on the consumer. So you know, we don't plan necessarily for who is elected, so much as what are we seeing in the economy, what are we seeing

in different industries, or are we seeing trends? And again, as I mentioned, protecting our clients on the downside by having a well diversified portfolio. Again, feel free to reach us at eight hundred talk WGY that's eight hundred eight two five fifty nine forty nine, or at our email address, ask Bouche at Bouche dot com. That's a sk b O U C A g y at b ou dhe

y dot com. So I want to take a moment to talk about the recent announcement, also on the change in what you can contribute in twenty twenty five to

your retirement plans. No, we do a lot of financial planning with our clients, whether that's you know, working with a younger couple who's trying to save both for their retirements, maybe a new home, maybe educating their children, as well as individuals who are trying to maximize their savings, you know, before they retire and maybe they're really nearing that timeframe

and trying to put as much away as possible. And there's always that, you know, really balance that you have to have of what can you put away for the future and what do you need for cash flow? And what type of contributions do you make based on your tax bracket as well as where you expect to be in the future, so do you do pre tax contributions or WROTH contributions. So the limits I'm going to talk

about are the same. There are just some you know, exclusions based on how much you make whether or not you can make roth IRA contribution. But the new limits for next year, so for a base four oh one K contribution or four h three B or four fifty seventy if you were at the state, it's increasing to twenty three thousand, five hundred dollars, right, So that's just

a five hundred dollars increase. For those over fifty, you can also do the catch up, right, which was seventy five hundred dollars, right, so now you can do you know, up to thirty one thousand dollars total instead, So another five hundred dollars there for that catchup. But the big

change was for those sixty to sixty three. Yep, you heard me right, cuts it off at sixty three, So a sixty, sixty one, sixty two, or sixty three you can actually contribute another four thousand, two hundred and fifty dollars, so that catchup contribution you know, went up significantly to instead of you know what it had been seven thousand, five hundred, those in that age rage can contribute an additional eleven two hundred and fifty dollars. That's the biggest

increase for any group in twenty years. So again they're really targeting those who are nearing retirement. So kin, I don't know who decided that it was going to be ages sixty to sixty three, but again that's a big change.

So if you are in that age rage, make sure that you're looking at your contributions and taking advantage if you're able to from a cash flow perspective, because once you're sixty four, it goes back down to the limit I mentioned before of thirty one thousand total, that previous catchup number, so you know, again that's that's certainly interesting.

There are other plans, you know, many of our clients used, So a simple IRA the contribution has gone up, or a step IRA individual four one K where you're limited by the total employee and employer contribution so has gone up to seventy thousand dollars. But also then you have that ketchup on top of that, so ken if you're somebody who's sixty to sixty three, you have your own company, and again if your income supports it, because you are

restricted based on income limits. After so self employment tax, you can potentially put up to eighty one, two hundred and fifty dollars away next year. So that's a really big number. So it's again something to think about. Work with your advisor, work with your CPA to make sure that you're taking advantage of that in the few years that you can. Another thing that you know came out of the Secure Act two point zero and we've been

waiting for is roth IRA contributor roth ketchup contributions. So for anyone who earns over one hundred and forty five thousand dollars. Going forward, Roth ketchup contributions for ketchups have to be in the form of a ROTH contribution. They postponed this until twenty twenty six because it will require that many plans four one key plans that did not necessarily have a ROTH component add that because if you don't have that ROTH option within your plan, then no

one can make ketchup contributions. So again they've given companies more time to do this, but starting in twenty twenty six, that catchup contribution for those earning over one hundred and forty five thousand does have to be in the form

of a ROTH contribution. No change to IRA or WROTH IRA contribution still seven thousand dollars for those under fifty and eight thousand dollars if you're over fifty, but they did increase, as they do each year for inflation, how much you know or you're allowed to earn to really

put into a roth ira. So anyone who is single now the phase out begins at one hundred and fifty thousand dollars, So you know, basically, if you're looking to put money into a roth ira and you're a single individual, if you earn under one hundred and fifty thousand dollars, you should be able to pull that put that full amount away. And then at one hundred sixty five thousand dollars that completely phases out and you can't do anything

into a roth ira. For a married couple, that rain starts at two hundred thirty six thousand dollars now and again, you know, basically phases out about ten thousand dollars higher. So again, for those of you who were close last year and maybe have not necessarily seen a significant increase in your pay, you may now be able to put contributions into a roth ira. So something to revisit for next year. Of again, you were maybe slightly above the limit for this year. So again we'd love to hear

from you. You can reach us at eight hundred talk WGY eight hundred eight two five fifty nine forty nine. You can also reach us at Askbouchet at Bouchet dot com. So that's ask b o U c h e y at b O U c h e y dot com. So when we come back to the show, we're going to be coming up to a break soon. But you know, I would like to talk to anybody that has questions again on tax planning, on you know, what's going on with you know, what may be to come in the

coming years. You know. But really I think right now, you know, with again the labor data coming in software then expected with you know, certainly the FED meeting this Wednesday, you know, we're hopeful that we may see another cut. So will that be you know, a quarter of a percent? Will that be a half a percent? Again, the biggest concern the FED is going to have here is that

they cut rates too quickly and we see inflation come back. Right, they don't want to make the same mistakes they have decades ago with allowing that those numbers to come back. You know, again, as I talked about, the earnings numbers out of companies, for the most part, you know, have

been good. So you know, you had Apple and Amazon come out, and you know both you know, from a sales perspective or revenue perspective, they'd be you know, but again and their guidance for those two companies were positive. And as we've talked about, those are the only two individual companies that we tend to own in our portfolio, you know, so we were certainly happy with the results there, and you know what that means to our client portfolios.

But in general, seventy eight percent of the companies that have reported thus far have actually beat earnings in the S and P five hundred and as I mentioned earlier, you know, certainly that has affected the earnings growth rate for this year being much healthier than last year, which is great to see. So we we do feel, you know, again with that half of ate half a percent cut that we saw in September, that that did, you know,

make individuals and companies hopeful. So you know, what we see there is really that again you know, small cap and mid camp companies have not performed as well to date just because they do need more financing. They're going

to be more interest rate sensitive. But we're going to continue to have exposure in a small portion of our portfolio because those type of companies do perform better long term, just again they have more growth potential moving from a smaller mid cap company into some of those megacap companies we know now, so we're going to take a quick break, but please come back to us. You're listening to Let's

Talk Money. Brought to you by Bouchet Financial Group, where we help our clients prioritize their health while we manage their wealth for life. Good morning, and welcome back to Let's Talk Money with Bouchet Financial Group. I'm Nicole Goebel, director of Financial Planning CPA and certified Divorce Financialist. If you heard that intro earlier, I believe we have Frank from Bert Hills on with a question, Frank, how can we help you this morning?

know that six percent match that you mentioned. Sometimes it's only on up to a certain percentage of someone's income versus dollar for dollar, but that would be on top of that contribution. As I mentioned before that the new limits for employer plus employee contribution are actually increasing to

seventy thousand dollars next year. Right, So unless her company was contributing, or that six percent ended up being more than that full seventy thousand dollars for her contribution and her companies, that's the only point that would get cut off. And I've had a few clients that have been in that category in the past, but they've worked for Big Pharma and you know, been in their fifties and had very very high salaries. So in most cases, employer contributions don't get cut off by that limit.

com and we'd love to take your calls. So I was talking, you know, about the markets and earnings earlier, but let's take a moment and talk more about some planning ideas. So now, as Frank called, and he was talking about his daughter maxing out her contribution, and that's wonderful if a younger person can, you know, maximize their

contribution early in their career. I had the advantage when I started my job, first job, in fact, so I worked for for Bloomberg Financial Markets in New York City coming out of college, and I wasn't yet eligible for their four oh one K you had to be there a year. But within three months of me joining, they open it up to everyone. So I'm dating myself. That's you know, back in two thousand. But it wasn't even you know a possibility for me to start can ttributing immediately.

But when they opened that up, I did start contributing as much as possible. I was, you know, living in a house with three other girls, so I had a low rent, you know, so making a full time salary was new to me. And you know, I had bought a used car, so I didn't have a high car payment.

So between my lower rent, my non existent car payment, and thankfully I had you know, gone to school and didn't have student loans, I had chosen the state school, gotten some scholarships, so really my parents just gave me a credit card for groceries. And like I said, my rent was very cheap, so I got out of school without any debt, which was amazing. So I was able to start contributing immediately. And that company actually matched dollar

for dollar up to fifty percent of your contributions. So you know, back then, if the amount was twelve thousand dollars I could put in, they were putting in another six thousand dollars into my plan. That really helped me early in my career. And I've tried to you know, put the maximum and every year I can, so as my incre income increased, I tried to not increase my style of living so that I can continue to you know again put in that maximum over the years, which

has really helped me, you know, save for retirement. But there's also the question of are you doing pre tax or roth contributions. So you know, this is a difficult thing to wrap your head around. As I said, for a roth IRA, there are income limitations. So if you're a high earning couple you're making over that two hundred and thirty six thousand dollars, you know again you may not be able to but your WROTH for one k option if you have, that is still open to you.

I believe we have ron from Colony on the line. How can we help you in call.

Would it be a smart move to put the funds back into that Vanguard SMP five hundred or would it be not so good of a move because it's too high to buy back in or move the funds back in.

percent on their money. We would never tell somebody put everything into like a fixed account while we've had the opportunity to earn some nice four or five percent urns and money markets recently, right, that isn't the norm. So I know Steve talks about it all the time, just

when we think about average annual returns. Right, So when you're talking about the market and the equity markets being like, you know, ten percent annually long term versus bonds at three percent, you do have to even into retirement, have a nice allocation to the equity market. Now, we have, you know, been at all time highs recently, so it doesn't make sense to put it all back in immediately. Well, again, history would say that we're going to continue to go

make all time highs. But emotionally, right, if we see a near term drop, whether it's next week or the week after, or we see a piece of economic news come out, or the Fed doesn't you know, lower interest rates. Fact, you could see a near term drop, then you're going

to be regretting putting that all back in. So while again history would tell us we're going to continue to see all you know, all new highs and continue to see that long term trajectory of the STUFT performing, I would say for you, you know, maybe you know, put it in in a couple pieces, but you definitely need to

get some of that put back to work. So many of our retirees will choose what's called our growth and income portfolio, right, So sixty percent in the stock market, again well diversified across small, mid large cap companies, good quality companies, you know, growth tech companies, and then forty

percent in bonds and alternatives. So whether that is you know, again treasuries or depending on their tax bracket, municipals or again different areas of the market where we feel they're not you know, they're not going to have the same performance as equity is, but they're going to provide protection and potential to be up in a down equity market. So again my guidance, you would be do what you're comfortable.

Is there a timeframe for when you need those funds, so you know, is it something that you're going to be accessing near term?

have time for it to come back. When we work with our clients, we set aside up to two years worth of what they need for distributions, right, what they need to live on in something safer like a money market or short term treasuries, because that makes them feel comfortable. The rest of their portfolio can be invested in that long term portfolio allocation again sixty forty eighty twenty depending on that persons circumstances, and we don't need to sell

anything in a down market. Again, that two year timeframe we set aside protects us from really any of that market volatility, and then we fill that bucket back up as they spend it down. When we see opportunities like the highs we've seen recently, we've been able to again fill those buckets back up for clients who have spent them down. So again with twenty years, Honestly, as long as you understand there could be a near term pullback, you're better off just getting that put back to work.

be sitting in a money market account or treasury. Now if you have funds that are meant for a different purpose, right, so, if they're buying a house or a car, or you know, funding your kids' education, and that's going to be a shorter time frame, that's when you can consider, Okay, how much of this do I want to preserve? Definitely from a principal perspective, you know, and have something in a

bit of a safer investment. But if you're talking at a ten twenty year timeframe, again, you have the ability to have some risk in that portfolio which is going to really benefit you long term. We're going to take another quick break, but please join us back here at Let's Talk Money with Bouchet Financial Group in a moment. Good morning, and welcome back to Let's Talk Money with Bouchet Financial Group. I'm Nicole Global, Director of Financial Planning

and wealth Advisor here at Bouchet. You can reach me with any questions at eight hundred eight two five fifty nine forty nine or at Askbouchet at Bouchet dot com. Love to hear from you. So you know, when we talk about balance, as far as putting funds into a four to one K plan or an IRA, as I talked about before, there's also the decision of how you're making those contributions. Right, if you're a high earner, you're

in a high tax bracket. Maybe again you're in you know, your fifties or sixties, so you your income has really gone up. You know, putting pre tax funds in may make the most sense today because of the tax benefit or the tax deduction you're getting. However, keep in mind that all of those funds are going to be taxed upon withdrawal. So while we've had, you know, over the last several years relatively low income tax rates compared to history, you may end up paying more on those fends when

you take them out, depending on your overall circumstances. Right, if you end up with a large bucket of tax deferred retirement accounts, So again you've put into your four oh one k into a traditional IRA, a four H three B or four fifty seventy, and you've made those contributions pre tax to make sure to put in as

much as possible and get a tax benefit. Right, you have a big pot of money that's going to come out to you, and you're going to pay taxes on it, just as if you were earning it, so you know, again in that case, you can set yourself up for having high income taxes in retirement. So it's great if you can build up that ROTH bucket as well. So again for those who are high earners and can't do a ROTH IRA, you do still have the option if your employer plan provides a ROTH component, and it doesn't

have to be one or the other. Right, many plans will allow you to make contributions to both sides. So for example, you could choose to put half in as pre tax, right, so you're getting a tax deduction on that portion, but then the other half inter raws, so again you have some funds that are growing tax free that you're paying tax on now. So it's really something to think about and again work with your advisor, work with your CPA to make sure that you're making the

right decision. Of course, again we don't know what the future tax rates will be, but it's just setting yourself up to have flexibility and I'm a big proponent of again having options and flexibility and retirement. So we talk about building up really three buckets. So you have your pre tax bucket, which most people are very familiar with and kind of make that an automatic contribution to their retirement account. Then you have your bucket right that you

pay tax on today but grows tax free. And then you have your taxable investment bucket or your brokerage accounts your savings right. So in that case, you're putting in after tax money, but you're putting it into an account where you're only paying taxes on interest, dividends and capital gains. And again it's just a great other option to have. So you have funds to pull from in any specific year in retirement and determine what's the right mix.

thousand dollars and you can take fifty thousand dollars from your pre tax account, fifty thousand dollars from your roth right that doesn't count as income at all, and then fifty thousand dollars from your brokerage account where you're only let's say, paying tax on ten thousand dollars of interest, dividends or gains in that for that fifty thousand you

took out. That's allowing you again to have that flexibility where you're not paying you're only paying tax really on about sixty thousand dollars in that scenario, and it's certainly not putting you up into that next Medicare tax bracket. So it's definitely something to think about again, making sure that you're not putting everything into a pre tax retirement account and really tying your hands and not having options

in retirement. To me, I would say it's better to have you know, slightly less of a nest egg, but that flexibility than you know, putting every possible dollar into that pre tax account, because again it's all going to be taxed on the way out. So again, please feel free to give me a call. You can reach me at eight hundred talk WGY that's eight hundred eight two five fifty nine forty nine, or at ask Bouchet at

Bouchet dot com. We'd love to hear from you. And so when we talk about balance, and everyone's looking for that in their life right And I've gotten to so many events where they talk about, you know, the work life balance or family and you know what you're doing. And I'm, you know, a full time advisor. I have a four and a half year old and an eight year old. I have, you know, a wonderful husband, I have a father, you know, to support who we lost my mother a couple of years ago and my mother

in law because my father in law passed. So you know, I'm in that group where you're you're trying to figure out, you know, how to support both in your you know, your parents and your children and work full time and and what do you do? So you know, again it's it's finding that balance of from a financial perspective, what do you do with your funds? So while we love working with our clients to save as much as possible towards retirement and that's our job. It really also has

to be that balance. So you know, I know Marty took some calls yesterday, but you know that's the same balance as to when do you take Social Security? When do you retire, So we don't only look at the numbers for our clients. That's really important to be a

good advisor. You really need to listen to your clients and understand what they're asking for and understand what's important to them, right Because although on paper it might make the most sense for someone to work longer and wait until seventy for social Security and you know, buy a smaller home so they have more funds available to do what they want, right for that person, you have to

identify really what's most important to them, you know. So I'll often talk to clients about you know, maybe their pension benefit is more significant if they wait a couple of years, but you know, waiting that couple more years, what is it doing, you know, what is their health situation,

what is their family situation? Would they benefit more as a person leaving some of that pension benefit or that earnings on the table, but having a couple more years to enjoy with their family or again just the stress that they're under maybe working full time and supporting those needs. So again, it's really something to think about. So you want to make sure that when you're planning for yourself or again working with your advisor tax prepare that you're

thinking about, you know, for every dollar you earn. Right if if you're somebody who can work overtime, Right, it's great if you can work overtime and earn money, but what is that doing taking away from the rest of your life? Right? Is it taking away time that you should be spending with your spouse, with your children, with your parents, with your friends, you know, So you want to really understand what every dollar is worth from the

perspective of what it's costing you personally. So you know, that's something we really want to make sure that we're understanding our clients. So, for example, I'm working with a client that's looking to buy a very large, you know, second home, so you know, to make that possible, they're probably going to have to work a couple more years.

But if that's what's important to them and they you know, really want this to leave as a legacy to their kids, then we're going to help them understand how to do that, and we're helping them with you know, financing that, you know, with a loan against their accounts. So once you have a big nest egg, that taxable brokerage account I was talking about earlier, that's something you can actually utilize. You can take a loan against your investments if you needed

down payments as an example. Okay, so you know that's something important to that client, or you know, I have clients who, again they're really focused on funding education for their kids. But it's making sure again that they're not putting themselves in a worse position for retirements by funding all of the five twenty nine plan and none of their own retirement. So it's finding that mix because I often say, you can get loans for college, you can't

get a loan for retirements. Right, they're not giving them out from the federal government. So you can retire, but you can always have your kids, you know, take a loan out and then help them to repay that. So that's something certainly to think about, is to make sure again you're funding, yes, education for your kids, your grandkids, if that's important to you, but it's not to your own detriments. Because if you want to make sure that

you're taking care of yourself. Also, I think we have Donald from Delmar on the line, Donald's how can we help you this morning?

a low fee, is what I would tell anyone. Right, Yes, there's robin Hood and Zax and you know, different platforms that you can utilize, but honestly, the information overload out there is you know what, nobody really has a leg up, right, So my recommendation would be, again, I don't I don't necessarily tell anyone to invest in individual stocks. But if you are, you know, what I would say is, you know, put a little piece into something that you're interested in, right,

and you're familiar with. So is there an industry that you work in? Is there you know a company that you're that you buy, you know, items from that you feel like. So I feel like if and but this should be play money, right, This shouldn't be your nesting. This should be funds that you know you're just looking to maybe grow, but you're okay with risking. So again, I would do it more from a personal perspective, you know, as far as investing for yourself, I'm just at true

proponent and low cost exchange traded funds. How we invest for a client. It might be boring right from the perspective of your owning the entire s and P five hundred or the entire stock market, but long term, that's going to perform the best because there's no way you can guarantee your picking right the apples and the amazons

of the future. So you know, again I would say, there's not necessarily a platform I would suggest, but just opening a brokerage account at Schwab, Vanguard or Fidelity and then you can you know, again, pick and choose whatever stops you you know, are interested in. But there's again not necessarily a platform that I would recommend Overno.

quick summary in the morning. But you know, again it's it's uh, you know, definitely gets you thinking about what are the new industries out there, and again something that you're familiar with and that you enjoy perfect Well, I think we're coming to the end of the show, so thank you so much for tuning in to Let's Talk money with Bouchet Financial Group, where we help our clients prioritize their health while we manage their wealth for life. Thanks so much. I have a great day.