35 Burst results for "401 K"
Cookbook Author Danielle Walker Shares Her Autoimmune Disease Story
"Without further ado here we go with daniel walker danielle. Welcome to the podcast. How you doing today. I'm good they switch to me. I'm gonna jump right into your story and going all the way back to age twenty two a couple years after you get a couple of months or after you get married you start having symptoms later on find out. It's all sort of colitis so take us back to that time and let's talk abo- with the first symptoms were. Yeah i started having a little bit of digest about set like right before my wedding. I graduated from college. We moved my husband started or my fiance at the time. Started law school. That i kind of just chalked it up to like distress and wedding jitters and kinda hold works and then yeah so. We were married in august and october. I in the er wasn't diagnosed. Then wasn't actually diagnosed for a couple of months after that after seeing a plethora of different specialist by alternately was diagnosed with all sort of quotas us and it's not exactly a glamorous not no autumn you deserve glamorous but it's probably one of the worst in terms of symptoms. I always say i'm like you guys can go look up. You can go google that the actual isn't as bad. It's all in your call in so you can imagine just kind of inflammation which causes complete and utter disaster in your digestive tract and you mentioned that things kind of started a little bit before the wedding around the time of the wedding before that. Were you relatively healthy. Yeah completely healthy never was hospitalized. I think maybe for a broken arm. When i was like ted from gymnastics otherwise not hospitalized for anything never really was on medication and i mean i think as a kid i had you know the the normal round of antibiotics prescribed for things here and there but otherwise had no problems at all kind of came on overnight.
Texas approaching 2,2 million Covid cases
"Is approaching 2.2 million Corona virus cases. The latest numbers show more than 10,000 new cases. 401 deaths Dallas County listed 42 additional deaths Friday, elevating the county death told almost 2400 terror county also had close to 2400 fatalities, while County County list 618. In Denton County has lost 344 residents. The mortality rate of the coronavirus in North Texas sits at 1%. With Denton County listing a 0.6% death rate more than 38,000. Texans have lost their lives during the pandemic.
Dallas County Ends Deadliest Week To COVID-19 With Nearly 2400 All Time Deaths
"Texas is approaching 2.2 Million Corona virus cases. Latest numbers show more than 10,000 new cases. 401 deaths Dallas County listed 42 additional deaths Friday, elevating the county death, told almost 2400 terror county also had close to 2400 fatalities will count Lee County list 618 and Denton County has lost 344 residents. The mortality rate of the coronavirus in North Texas sits at 1%, with Denton County, listing a 0.6% death rate. More than 38,000. Texans have lost their lives during the
Houston weather: Warm tomorrow with showers coming in end of week
"2019 that was last December. We're not gonna be quite that warm, but we will be in the ballpark. 46 degrees are low tonight. 77 tomorrow and Thursday and then some rain showers coming in Friday and for the weekend cooling down this weekend. Meteorologist. Scott Larrimore. The weather Channel in Conroe with 71 degrees in Houston. 73 Sunny at Ktrh top Tax Defenders 24 Hour Weather Center Times. Now 401 our top story, the bulk of the activities for the Houston Livestock Show in
Using Stories to Market Your Business with Amy Porterfield
"Hey is this happened in your business. Last month was a bad month so this month. We're going to run a sale. A big promotion. We're gonna email list and say by now because it. We gotta get some cash in the door. It's not really a marketing plan. You know what that's called. It's called spray and pray from the ramsey network. This is the entreleadership podcast where we help business. Leaders themselves their teams and the prophets. I'm your host daniel tardy and my guest today. is amy porterfield. She's a longtime friend of entreleadership. She's also an online marketing expert to helping entrepreneurs and small business owners win. Aim is going to share with you. Why you have to have a plan for your marketing and the good news is it doesn't have to be complicated in fact the foundation it simple because marketing starts with just telling people's stories so when you tell the story especially about somebody else that you served and you've helped when you tell the story right meaning you talk about the struggles and the challenges in the fears that they had the winds and what that meant for them and what they've overcome people can see themselves in those stories so much easier than you. Just saying i've got this great product. It has amazing benefits in features. You need it. That's one thing but also when you sell when you promote no matter how much your audience loves you. They put up a wall whether it be just a little while or really big wall. There's always a little defense up there and we're going to talk about it later. But i do webinars to sell my digital courses and on a webinar for the first forty five minutes you are giving giving giving and so when you do ask for them to buy your product. Their defenses are all the way up. Because you were giving and you were inviting them in in different ways in offering value so the same thing with the story when people see themselves in other people's stories and they can relate and resonate. They those defenses. Come down and they say i want a piece of that i if she could do it i can do it too and so i'm all about helping. People put their guard down. Because it's a natural thing to put it up especially when you're asking someone to spend money so i noticed you said when you tell the story right. Yeah what's the right way to tell the story. Well you had talked about donald miller when we were off camera and you had mentioned and you know that man is have learned so much from story brand in how he tells his story but if you can tell the story and somebody can literally put themselves in that story because they can relate to it. I feel as though the story is is doing the work it was meant to do. And so to me. You have to have all those important elements that donald miller talks about in terms of putting a story together in order for it to resonate and a lot of my students who are just getting started though one and tell the story but with a one tells i hope so and so get x. Results they were this way. I and now. They're this way now like there before and after and done. But when i when i think about telling a good story i want to talk about the richness of it and i have a student. Her name is niro. she lives in los angeles. She's a single mom of three. Her mom lives with her. She was a not making barely any money as a baker and she knew she wanted a different life for her kids and she was working two jobs. One like chucky cheese and one baking out of her kitchen but then she realized how to create a digital course and she created her first digital course to create caramel candy apples. Who would have thought that a caramel candy apple. Digital course how to do it would be a huge success but she made over sixty thousand dollars on her first launch and then she did it again had the same success and when i asked her deniro what does this mean for you and she said all i wanna do is retire. My mom she cleans houses. She's she supported me. She is an amazing support to our family. I want to help her retire when when she told me that like my heart. Don't been but when i tell that story i don't just say how much deniro made in. What digital course she created. But i talk about what it means to her. And i think people can relate to that part of the story more than anything Yeah i mean just as you tell that story. I think everybody's going whoa caramel apples. And how could either something similar and caramel apples. That i'm going to sell an what did you do again. What did you teach on that web and like it just it pulls you win when you tell a story like that. So what What keeps us from telling the stories you know. I think we probably cognitively most business owners that have been around for a few years. Understand the power of story to some degree. I i know some of a struggle with feeling like we're wasting our audiences time or were belaboring things or it's not worth it. Why do we hesitate when it comes to this powerful mechanism you know. I can totally relate. When i first started telling stories. I would rush through him so quickly because i thought i was wasting. My audience is time like they wanted me to get to get to the point. And i i often Surround myself with a great storyteller. Because i love a good story and if you really think about your let's say you're out with some friends you're sitting around a fire and you all are just having a good time in someone tells a story and the when they add more detail when they add more layers to it when they really pull you in. You're like tell me more i'm here. I'm fully there. So you love that when they add the details and they really bring it to life. So why would it be any different. When you're telling your audience these really rich stories versus rushing to the punch line. It's the same kind of feeling they get on a webinar or had a campfire. And so i realized i needed to slow down so i did the exact thing that most of my students do they want to rush through it because they think they should and so. That's one thing another part in and this is gonna sound silly. And i've never really talked about this but we had to make it a practice in our business to get the stories like if we didn't have a process in the company to get these stories in the most richest way possible with all the details. I wouldn't be able to tell the stories so backup a little bit. We put a process in place where people can send us in their wins their results their satisfaction with our product and then we reach out to them on zoom and Someone on my team will do an interview and just ask them tons of questions and record it and transcribe it and then we kind of bring it into a story while my team then gives me all the details of that story so what my point was going to be is that i had to practice these stories if i want to add layers and richness to a story on a webinar or in a facebook. Live or on a podcast. I need a practice at a little meaning. I can't look at a bunch of bullets until the story. Well
Can There Be Too Much Automation?
"One of the interesting things. I find from going from the crew to the single pilot model even though technically the afl destructions is weird crew concept right like so technically there are two of you right. But the goal of the instructor particularly. When you've got your evaluator had on is to not really be there right. So the you're supposed to evaluating the person operating on their own And i think the information overload issue which we're gonna get into this is You know it was a was a common problem in automation. I got to the airlines to And then progressively as we learned how to manage systems and to do that as a crew. You know. I think a lot of those issues when even though we still have plenty of of automation surprise and things like that In that in that world. I think though. I don't know that we've really. We've learned that lesson as well from the airlines is. Maybe we have some others about how to To to manage workload when there's all that information there so i was thrilled about this topic. This is what. I'm really passionate about now. Entering crew's flight it is true that we had a very interesting shift to the complexities and also all the information overload. We're going to talk a little bit about that. Not just in the in the modern cockpit. I personally feel especially when i jumped in the in. The airbus is the fact. That i thought was simpler. I mean i think having flown older airliners have all these knobs which is at cetera. I find sometimes it's a. It's a little easier because the computer does a lot for you. But there's there's a lot to it. There's more behind the scenes than we realize little more nuanced in these modern cockpits. What are we talking about. Technically advanced aircraft in autopilot. Some of these even have. I know my friends got a one seventy. Gps has a touchscreen on there. That actually is is amazing. All these different things like engine information systems. We have attached to that. That's not even part of the airplane. We have ipads saw a friend of mine putting together his j three cub and this incredible panel with a slot just for the ipad. And you're right i mean. How do we manage that system. How do we manage. Understanding of a is and how that can fail attitude and heading reference systems. Ads be in and out. I mean it really can be. It can be confusing. I i will say one thing. I love the redundancy. But i think there's also a this whole topic of conversation. Where is it redundant or confusion or can be run. Done it without the confusion. And that's a big part of actually managing the cockpit. And we talk a lot about that. And i think eric you do in the program there And i'm sure that's a big part of the program is Pilot resource management. When do they ensured curious. When do they use that to the folks at At the college level. So before you ever get to the airplane That i think we've learned from airline training And military training to to that extent but silicon our instrument training course The entirety of stage one the first fourteen lessons are all in the simulator So they don't actually actually the first stage check is in the simulator. You don't get to the airplane until less than sixteen and which is basically halfway through the instrument curriculum We think it's important that you learn how biology learn the automation management in an environment. Where there is a pause button where we can say look. You're here's where you're at do you know. Do you know what's gone no. I'm completely behind the airplane and we can reset and it's It's much more effective in terms of time and money for the student But quite frankly it's much better way to learn because you're not also in an airplane hurtling through the sky And to some extent. I think it's important when we're talking advanced automation Yeah there's a component of that that's ground it's It's you know study and prep then at simulation and then we apply in the airplane. So you don't have a typical like we get in the airbus all the time you know what's it doing now. You try to prevent that as much as possible. Well obviously i mean nobody. Nobody likes automation. surprise I think if the if the airplane could talk it would tell you it doesn't like it either But again the airplane is very faithful companion and it will go wherever you tell it to go if you if you're busy messing with a knob Not to not to go back too far in history. But if you look at eastern 401 if you're chasing a light bulb you know you might actually inadvertently airplane into the ground Or into another airplane or whatever the case may be and so it's it's about managing that workload And like just everybody's got a story like this. But when i was a teacher to cabin atlanta's super-busy class as airport Insanely busy airport at a guy. Taxation in a brand new one eighty two with the g. one thousand cockpit new so proud of it. We're gonna fly review. He gets to the. We're taxing on He's programming in altitude a heading Setting up the flight director. This guy's really like he's thinking ahead. He's proactive where at the whole short line gets clearance to take off and he goes watch this which is usually especially where i come from an alabama. That's for something really stupid is about to happen. But anyway so he taxes out. Onto the runway centers the airplane with the centerline pushes the autopilot own button. and advances. the throttled the full. And i'm like there's no way this is happening And sure enough He jus- kicked a little bit of rudder pedal to keep on the centerline. They are playing rotated he added in flight. Level change mode so it flew at v. y. which would had it set for Took off maintained runway heading and started to climb in the whole time. He's got his arms crossed with this huge smile on his face looking at me just so proud of himself. And i'm like an you know at some point and sean. Tom were hearing this right now. Going eight at you did stuck them. I mean i was just so shocked. I just i can't. This guy is taking off on autopilot in one eighty. Two this is happening is happening. But it even for me. It took me a second to realize what was going on. And so in the debrief he was like my automation. It's amazing i'm like the automation is not a substitute for you. I mean we might get to that point. There's a lot of You know speculation about how soon we'll get to that point but we're not the air yet you're still you fly the airplane and you also manage the airplane You know i don't. I don't know how how you learned it coral but my first real indoctrination automation was. That was that mentality. The automation does not fly the airplane. It's not a co-pilot. The automation is automation year. Flying the airplane and you're managing the automation Even if you're on autopilot you are still flying the airplane
Sick of the Same Goal Setting Strategies? This Is For You
"The other day I was getting a massage something I have deeply missed in quarantine and the masseuse was educating me on my body and what different areas show and she was telling me about how the right side of my back is this masculine side that get things done type energy and the lower left back is the feminine side, the Creative Dreamer side and just learning that it stuck with me. In fact that night I got home and I wrote pages of notes on the topic. And how we find that balance of ideation that leads us to actually getting things done. It's like his balance of masculine and Feminine Energy that we might be struggling with I. Mean does anyone else's love the feeling when you get news stroke of inspiration and it hits the creative start flowing in your feminine side is alive and suddenly you have a brand new exciting goal on your mind that you cannot wait to get after it can swoop in as a result of so many things. With friends seeing someone else doing something that sparks excitement in you a massage apparently or even a commercial on TV. But after that buzzy goal inspiration hits next comes as other feeling that you're probably familiar with him I feel like dread because as much as we all want big things and lofty accomplishments for our futures, the actual getting to accomplish that big thing is often more overwhelming than just dreaming it up the steps it tastes to bring our largest goals from idea to reality are usually many and they're often time consuming so much so. That most people stay in the idea phase that feminine energy, because they're not sure where to start with taking action or how to tap into their masculine side that can help get things in motion. I'm sure you know there are just about a million pieces of advice out there for setting and achieving your goals and I don't know about you. But I'm still always always always fascinated to hear the different approaches and methods that people have for finding success with the starry eyed dreams. We dream ourselves maybe it's the achiever in knee or arm the. Three. Or maybe it's just a curiosity that's always existed inside of me as humans I think that we're designed to always want more and to be onto the next thing and keep striving for purpose and accomplishment, and while that can sometimes come at the sacrifice of living in the president or finding joy in the inbetween. I also think that yearning for something bigger and more can be a good thing if you can approach with the right mindset and. Practices I. Personally Love With James Clear has to say about goal setting in his book titled Atomic, Habits and in fact, surprisingly he says he's not much of a goal setter instead, he urges you to focus on the systems that best bring your goals to fruition. Clear says it like this goals are good for setting a direction but systems are best for making progress and that really really resonates with me see I didn't necessarily set out on my entrepreneurship. Journey with his goal to lead thousands of entrepreneurs through processes to build their businesses and reach larger audiences. In fact that whole idea wasn't even on my radar I was recently talking with a friend and work came up and she had this moment she looks at me and she goes Whoa Jenna. You never really plan this whole thing along the way you just learned it started to fall into place, but you never started with all of this in. Mind, she was so right like I didn't plan this but as I was creating and doing I was building these systems of my own that worked and once I. Got My self results I began sharing teaching those systems to others which led to my own growth and path toward success in leading others towards greater results as entrepreneurs annoyingly I was focusing more on the processes and systems at work versus shooting for random goal and hoping I hit it and. I was refining those processes and systems to make them as effective as possible eliminating steps or actions that didn't yield actual results and nailing down the exact way to achieve the goal that had in mind though systems those were what led to significant business advancement. A growing social media reach partnerships and experiences could have never dreamed to put on my list of goals at the beginning of all of this though systems led to accomplishments that weren't even on. My Vision. Board because I. didn't even know they were possible. Here's the truth. It really doesn't matter all that much. What your big goal is whether it's to train for Marathoner, start your own online business or make six figures this year right at Children's book or something in between I. Think we've all experienced desire to do something important, and then we've had no clue to start or what did you first that's why James Clear urges you to almost completely. Stop focusing on the big shiny, often overwhelming end-result by itself because that thing whatever it may be is what holds us back more often than not let it be a guide but focus more on the small daily steps and actions to get you there because that is what will change your life. The only way to actually achieve your goals is to build systems that propelled you towards him every single day
"401 k" Discussed on Probably Science
"The. Back. Of Ron Welcome to probably science I'm Matt cushion. Andy would hey, andy hello there. Let's. Let's go straight until gas. I wanted this guy on for a long time. Very funny comedian. It's gene pump. Hey everybody. It's me my friend gene POPO. How are you man how you been? Walls can be actually I'm kind of enjoying some of the. Quarantine it's a nice because you're obligated to anything in particular can get to start with the fresh canvas. I definitely found that at the beginning of lockdown there was a bit of me. Obviously, you know how stressful it hard and sad and everything, and then there's a bit of me this like, yeah they've just hit polls on everyone's responsibilities. Right. Okay you don't have to pay rent we'll to send you money. And then gradually use of things start to be opening back up again and you see people posting like, Hey, just finished writing on the show and something I produced. Oh No. Behind again now? I see that like that's what you did. You actually used your time for something productive. And you see the results of the the fruits of their labor and I'm envious or or I feel like I. flaked a little bit with some of the time. Obviously. You and I worked on covert specific thing. That'll be an interesting little archive of a moment this summer here we did it. So long ago now it feels like it's another world right? It was April when was that? Yeah. We did A. Youtube original that was a specific It's called celebrity substitute where celebrities zoom zoom in with actual teachers to teach real ice school subjects to sort of. Thing. You could play for kids who are homeschooling right now. Subject. Yeah. It was really interesting but it was you know it was the first few weeks of quarantine it. I was trying to figure out how exactly to capture a video conference in a way that. Comes somewhere close to Real TV production quality you know. Yeah you it's surprising with technology that the. Clarity and stuff is really come kind of. Leaps and bounds. She bought a was even just five years ago. It's remarkable. Everyone just adjusted to zoom and other things pretty quickly and is pretty impressive that most of us have in our pockets, a camera that is that would have cost ten thousand dollars fifty years ago. So it's. Goes my GRANDPA. Well, they think of next. What's now? What else can they put in your pocket? Does it. This go together. Touch. String comes out of the. Bet that's thing the thing whose price has tripled and who's WHO's delivery time has gone to two months. Any High Quality Kite I bet that's another like anytime I think is something I want to buy that I can do now that I'm stuck at home everyone is thought of it, and that thing is on Amazon whether it's a telescope or a hammock anything that involves being at home is sold out for mud Sunny Amazon. Oh. Yeah. You know it was weird. I had a few jigsaw puzzles. I had bought them before just because my nephew light. sci-fi. Some star and whatever else the other one was. A. There, was a shortage of. Because everyone wanted jigsaw puzzles just anything occupy their. I to imagine there's a guy getting hazard pay who's working overtime on the actual jigsaw that their hands Saad. Piece of cardboard. Someone's like. Cracking the whip me. Shapes. Movies are opening scary. Sometimes. Records aren't movie theaters open now I Chris ours some. Yeah. They're opinion some places I've only been to the drive in movies and we've done that a few times now. Oh, you have. How'd you was? Isn't fun this is one the surmount cooled mission. TIKI. And it's about forty five minutes drive. It's a bit of a road trip. In the direction of Ontario. Okay just like inland. That area and Four screens, you get a double bill. Dollars. That's great. Yeah, and it's normally this one film that you want to see and then something else this. Slightly trashy horror film or. something. That doesn't matter if the film's a bit crap you'll. You'll sitting in the car there's just. Whoever's in your household? So you can you can talk loudly. And it's kind of romantic and like a fun. It's like camping I, grew up going to those driving movies in southern, California and I always loved them. But of course, 'cause Rosedale. So expensive eventually, it became cost prohibitive. So they would be turned into condos or wherever wherever the drive ins used to be right used to be when right down the street from. There was probably growing up in La Mirada. which is like kind of near, Whittier and Fullerton. Run up there I think there was a drive-in probably. Two two or three miles away in each direction. There was like one in La Mirada or Santa Fe springs one in So they're. Like they were really quite a few of them like it was really plentiful than it just like a lot of things just kind of went the way of the dinosaur right but it's fun to have them back I I, I haven't experienced it looks. I recommend it just for thing to do as well sickly the beginning of lockdown and felt great just to. Get out to the House and go and do a thing while still feeling relatively safe. Yeah that's a good reason I think my wife and daughter would actually. Maybe. Even go with me. G. Before we get into the stories and stuff going to those to while Scott. Guests. This question just what if anything is your background in science and that's range from clauses you liked didn't like as a kid to blow stuff up in the woods with your friends. I'm trying to think what do I know that scientific? Oh Well, for instance, like you know those. Those rockstar energy drinks em. Okay you know those tall candidate come in I yes. Okay the the search conference of the CAN is. Longer than the candidates tall. In true. Cradle. Mathematical fact. That Ed. Should I, even. There's a word for that. Isn't there. Oh is there I mean? More like juvenile sense. Makes sense because the diameter. Windsor's probably less than is probably more than a third of the height optical illusion. Yes. We're blatantly pizza is like that. You know if you get a large pizza. You get the same amount of pizza as to medium pizzas because of the circumference. That is that is also true. Even though it doesn't look like it's navy twice as much. And I also know the longest word in the English. Dictionary. That is actually it's not. It's more medical science because it's a type of pneumonia caused by. Silica, particles in the air and that's pneumonia ultra microscopic. So the Kennicutt Haussas. ooh. That's great. I haven't heard. Growing up for some reason that we everyone likes to state that Trivia fact that was anti establishment. Yeah. I don't know if that ever had the record or not, but it's.
Economy Week Ahead: Consumer Prices, GDP, Retail Sales
"We have an interesting week. Coming up. There are a lot of economic indicators that will find intriguing between now and Friday, but the one I'm most interested in is retail sales. I mean, I forget what the percentages I think it's to third. Of our GDP is tied to consumer spending. Retail retail is a is a big part of that. I'm looking at retail sales this week. What about you? I think you're right. What we will likely see again is economist predicting retail sales will be down a certain percent and hopefully what we see is there not down as much what we have been what has kind of made retail sales not take a bigger the head as they would otherwise is, of course, what we're all doing. We're spending on Amazon were buying things online right now. And that is where you know the game. They're really kind of Pulling us most of us aren't going into department stores right now are just not. You know, We're not going into the brick and mortar places, and that's where they're really feeling the head right now, so it will be interesting to see how these numbers they're out. We've been talking about kind of the economy reopening and A lot of Americans who are just kind of feel like stuck and it will be interesting to see whether any of them say Okay, I'm gonna go out. I'm going to start running again. And when I start acting like life is normal, even though it's not Andi think that could bear out and the numbers a little bit. So I guess that's part of the simply money point here. But what is it because, as we said, it's such a It's such a diverse There's just a lot of different messages coming in here. How do we wrap Put a ribbon on this? 1 80 Well, if you check your 401 K this morning, you might be patting yourself on the back. But don't get used to is mindboggling games, including, you know the fact that we've got multi 1,000,000 job increases right now our economy. It is stone in place in a silver van before it will recover. It will be. You know, the American economy is incredibly resilient. But this is a long and bumpy road ahead of us, and I think it will be for all of us.
U.S. Labor Department Allows Private Equity in 401(k) Plans
"Of Labor has just passed a regulation. That is going to allow companies that offer for one case you probably work for a company that has a 41 k plan or something like it. You're for one K will now be permitted. To offer private equity funds. Inside the plan as an investment option Private equity fund. What is that? Well, you're familiar with public equity. These air stocks that are available in the marketplace, and that's what stock mutual funds are. You put your money into the fund and the fund buy stocks of publicly available companies, and there are about 3700 publicly available stocks. In America knows the stocks that investors routinely by everything from Amazon and Google on IBM and Delta, two companies that you may not have heard of because there were a lot smaller than those big companies. Well, that's a public equity marketplace. What about the private equity market place? Well, there are 8000 companies that are owned by private equity firms, including
"401 k" Discussed on 99% Invisible
"Erin wants to know.
"401 k" Discussed on 99% Invisible
"What we know is that animals change their behavior when the ocean gets noisy Michelle Forte is an acoustic ecologist at Cornell. Every summer she travels to Glacier Bay. To drop a hydrophone in the water was an in on what the whales are saying and study being affected by ship noise this year. Michelle was preparing for her annual trip to go. When the CO bid nineteen shutdowns were announced so Friday. The thirteenth was the last day that we were allowed to be in the lab at work before we had to start sheltering in place and with that also met from my perspective was that my summer field season was cancelled that the trip to Alaska I was meant to take to go and do work with these animals wasn't going to happen. The Lab Cornell would also need to close and so all the scientists gathered together for a final in-person meeting to try to plan out how everyone was going to keep their research going from home. Michelle mentioned that the summer crew season would probably not even happen this year in Alaska at which point another person at the meeting broke in with a question and one of my colleagues and friends looked at me and she asked me you know. Are you listening in other words? Even if she couldn't go to see the wheels person was she's still planning on listening to them. And I realized I wasn't and and all of a sudden my my personal sentimental brain turned off in my biologist brain. Turn back on and an immediate flurry to get hydrophones. In the water ensued. In that Moment Michelle realized that although her research trip had been cancelled the grown virus shutdown had created an incredible opportunity for the first time in decades. The ocean would be quiet for an entire summer. And so what that means for somebody like me. As researcher is that we have the opportunity to listen to undisturbed behavior for the first time. Usually Michelle relies on quiet periods in an individual day to try to understand how ship noise changes will behavior. I get excited. We have six or seven hours of silence in the ocean. I built an entire dissertation around the fact that Glacier Bay is one of the few areas in the world where you can predictably have moment's silence and now what we have is months of silence so act. This is unheard up right after that final meeting the lab. Michelle started calling people in Alaska. Who can help her out? I had to call my best friend because all of make your lives in her garage and could she blowups buoy for me and Tyson. Line for me. If I could put a hydrophone which she'd be willing to attach it to a shack will passed off to someone else to put it on Anchor. Who would then get it onto a boat and drop it in the ocean. Eventually with the help of lots of people in Alaska. They got hydrophones into the water. Michelle is now set to record. An entire summer of whale sounds in strangely quiet seas..
"401 k" Discussed on Marketplace Morning Report with David Brancaccio
"<Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> a <Speech_Male> reminder today from <Speech_Male> China that cities <Speech_Male> can ramp <Speech_Male> back up after <Speech_Male> a covert nineteen <Speech_Male> lockdown. But even <Speech_Male> there. It's taken three <Speech_Male> months in. The process <Speech_Male> is a slow one <Speech_Male> <Advertisement> in. Wuhan. <Speech_Male> <Advertisement> That were the strict lockdown <Speech_Male> began January twenty <Speech_Male> third train <Speech_Male> road and rail <Speech_Male> connections have been <Speech_Male> reestablished but initially <Speech_Male> only those with special <Speech_Male> health <Speech_Male> clearance code or allowed <Speech_Male> to leave. Here's <Speech_Male> the BBC's China <Speech_Male> correspondent <SpeakerChange> Robyn <Speech_Male> Brandt <Speech_Male> public transport <Speech_Male> the metro system. <Speech_Male> All of that is <Speech_Male> back online. They have <Speech_Male> lifted the most Dakota <Speech_Male> restriction <Speech_Male> so people living there <Speech_Male> who wants to leave <Speech_Male> can now do so <Speech_Male> if you want to go to Wuhan <Speech_Male> as well from <Speech_Male> the rest of China. You <Speech_Male> can do that <Speech_Male> but there are <Speech_Male> numerous conditions <Speech_Male> in place. I think the <Speech_Male> most significant <Speech_Male> is the need to have <Speech_Male> this Green <Speech_Male> Code on <Speech_Male> a widely used health <Speech_Male> APP on smartphones <Speech_Male> green. Basically <Speech_Male> means you are no <Speech_Male> risk if <Speech_Male> you've got that and you want <Speech_Male> to leave you hand today <Speech_Male> on one <Speech_Male> of the one hundred <Speech_Male> high speed rail links <Speech_Male> or one of the two hundred <Speech_Male> domestic flights leaving <Speech_Male> or by car <Speech_Male> then you can <Speech_Male> do that. <SpeakerChange> <Speech_Male> <Advertisement> Robin <Speech_Male> <Advertisement> Brent with the BBC <Speech_Male> and what is <Speech_Male> tithing <Speech_Male> in the religious context <Speech_Male> often ten percent <Speech_Male> in a <Speech_Male> <Advertisement> humanitarian gesture <Speech_Male> <Advertisement> twitter and Square <Speech_Male> <Advertisement> Co. Jack <Speech_Male> <Advertisement> Dorsey has pledged <Speech_Male> <Advertisement> twenty eight <Speech_Male> percent of his net worth <Speech_Male> to fund charities <Speech_Male> around the world helping people <Speech_Male> deal with Kovic nineteen. <Speech_Male> He's <Speech_Male> <Advertisement> pushing a billion dollars <Speech_Male> <Advertisement> worth of his stock <Speech_Music_Male> <Advertisement> in square and it was donor <Speech_Music_Male> <Advertisement> advised fund. That <Speech_Music_Male> <Advertisement> will do the giving <Speech_Music_Male> <Advertisement> these funds. Don't have <Speech_Music_Male> <Advertisement> to disclose how the allocate <Speech_Music_Male> <Advertisement> money would reportedly <Speech_Music_Male> <Advertisement> Dorsey will open <Speech_Music_Male> <Advertisement> this up for all to see. <Speech_Music_Male> <Advertisement> I'm <Speech_Music_Male> <Advertisement> David Brancaccio <SpeakerChange> <Speech_Music_Male> with the marketplace morning <Music> report <Music> <SpeakerChange> <Speech_Music_Male> <music> <Speech_Male> from APM American public media.
"Trial By Worms!"
"Worms bill the time and knock off that ridiculous noise. Dr Grant Overtake Dr Steve. Wondering you lighten up for a change instead of complaining. When are you join us in his own me he joined in? I would never do all right. Let me give it a shot. Okay great all you gotTa do is repeat what I say here. We go everyone. I sit alone in his jail. Time from zero. That awful smell. It is more news than you'd believe. Believe and it's coming from from blue very funny. You just go on into that floyd this entire messes your fault my fault. Yes if you had build your diamond. Space travel device to create new worm owes. Every time someone made a jump we never would have violated the words union contract and they never would've captured us well if you hadn't stolen the time and space travel device and made all those time and space jumps forcing us to chase after you. We wouldn't have created so many wearables. It's just sloppy science. Floyd US scientists have created a diamond space device that drill a score and made it spin backwards reversing the Earth's orbit and thereby going back in time. Oh Yeah you're right then ideas much better than mine. That's drill into the center of the Earth. Brilliant brilliant idea better than any of yours. I'll tell you one thing when my team is drilling to the center of the Earth They Will Sidley not be wearing your cockamamie solar-powered mining helmets. They find that poor guy. You sent a little my inventions Dr Steve. Hey doctors please. This fighting is getting US nowhere. Why can't you guys just get along chips and figure over on the far corner of the Cell Gypsum fidget are sitting huddled together telling each other Joe Reba look? They're they're stuck together like a peanut butter and Jelly Sandwich. I guess you're right Dr Grant. I'm sorry I snapped at you and I'm sorry that I belittled your inventions floyd. We're going to need to work together to get out of this mess. You're right. We need to think of a way to escape these worms with. I have an idea. We can drill into the floor here and create a tunnel do escaping right drill out of here in straight into the space stream. Why do all of your ideas have to do with drilling this? Arguing isn't getting US anywhere. Dr Floyd user ridiculous Doctor Grant Grant are floyd not your grand talk to Steve. I'm sorry I just wanted to hear bio name. Continue with your argument. You can just be quite the king. We'll see you now. I hear villains are led down a long corridor that opens into a beautifully ornate throne room at the head of the room sits a giant time space worm with a large crowd. This is his Royal Majesty Schwartzchild King of the time and Space Work Rosen. I'm ready for the next case. Your Majesty I hereby call the case of the versus the crews of the duct floyd time and space ship at the doctor Steve Ship of evil. Very well What are the charges? Go Highness these five. Criminals have violated. How Union contract that states that the time and space worms are the only creatures who may make wormholes in the time and space. What is this true? Unfortunately yes you're I have Usually the right here and he can testify to that fact. Just short human comes walking into the throne room. He is a great headman in a smart business. Suit that looks like it's from the nineteen seventies. He approaches the king bows and then starts talking to Him Majesty. These beings have definitely violated several union contracts. They've made numerous way malls throughout the time and space stream without permission or appointments and as a union leader reads off the list of charges. Dr Grant Leans over to talk to. Who is that guy? He looks familiar for some reason what I'd be. You know what that looks a little bit like Jack. Nicholson Dr Grant. Jimmy Hoffa Jimmy Hoffa. Yeah he was a famous union leader. Who became president of the teamsters in nineteen fifty? Seven later was convicted of trying to bribe. A grand. Jury was sentenced to jail for ten years. You only served about four years and then President Nixon community sentence as long as you didn't participate in the Union for ten years Wacky Nixon. Oh wait I remember now. Isn't he the guy that disappeared in? Nineteen Seventy Five. Jimmy HOFFA DISAPPEARED. And no one knew. Where he wins. I guess we answered that question. The worms must have taken him into the time and space dream and made him their union leader. No wonder violence now. I am a fair king and even though the high chancellor has warned me not to do so I will allow you criminals to speak which one of you is responsible for your transgressions. Oh he is. He's the one who invented the time and space travel device. No this isn't my
Upgrading Lifestyle vs. Saving for the Future
"I'm hoping you can help me walk through of the things So by way of background just turned twenty. Five I make around seventy five thousand dollars a year nine thousand dollars. Student loans I purchased a single Family House. Two years ago with the intense house actor years by another house rent the first property and then repeat that strategy into financial dependence So in my four Bedroom House. I had three roommates college buddies for the first year. non down to one remain. Who's covering have my mortgage payment but as moving out in the next twelve months I didn't really know what I was getting into when I bought the house. I'm GONNA came to repairs maintenance that kind of thing But I knew the math made sense and I feel I learned a lot about my local market and what works required in general. But I'm not positive I'm ready to continue growing or by another place yet. So I'm conflicted because the math make sense for me to continue my initial plan so by another place rented out for another first place and continue But I'm also at a point in my career where I'd like to spend more time developing my profession. will also spending meaningful time with family and friends take medication vacation. Etcetera While I mentally young So I really like to hear your thoughts I'm I guess your thoughts if you were in my shoes or what things you think. I should be considering going forward. appreciate it. How much how much How much is your monthly mortgage payment dollars? Mega simple now. How much did you pay for the house? One fifty five. How much could you sell it for today if you put it on the market Based on the most recent like Jesmyn in the range of I'd say one seventy I think. And how long have you lived there? Two years came. Why have you not rented out the other two bedrooms? Thus far after the other roommates left so the idea attacking you sounds great and it was financially But after graduating out of college I was Kinda done with college lifestyle so You know just little things like that with roommates that you know can drive you up a wall. So that was the primary reason I was content with having each one dropped and then you know I was. You know more peace in the house. So I figure I'd be paying rent anyway like most people so the fact that I have covered now is okay but with my roommate. Moving out you know in about a year. I figured it would be a good time. I wanted to make the move. It would be now ran out the house entirely and then you know. Continue so the problem that you're facing is you're not trying to make a financial analysis what you're trying to do is justified to yourself a fancier lifestyle which. I if you want to. Of course you can. But it's not a financial question But you you're just simply trying to find a way to live fancier lifestyle you want a fancier lifestyle with fewer roommates. You don't want as many people in your house. You want more personal space. You're tired of living like a college student being crammed four to a little house and you want a little bit of space. You probably want your house just how you want it. You want the decorations. Just tell you want them These are all lifestyle decisions though basically use. They're all a matter of you saying hey this is how. I WanNa live when you talk about wanting more time. You're not trying to get more time so that you can make more money did say folks in your career. We'll come back to that in a minute. But you're saying I just want to work less right. I WANNA have less time with work. I don't want to always be managing my rental house. I don't always be working in my career. I want more time. This is a lifestyle decision and not something that is financial. The only thing that you mentioned that his financial would be your career the ability to focus on your career and could you increase your income significantly By focusing on your career. But you're going to have to decide. How much do I want to be rich? How much do I want to be rich? Fast versus how much sacrifice do I want to make? In terms of lifestyle people who become rich quickly are generally those who sacrifice in terms of lifestyle by going ahead and getting more roommates or figuring out another solution that has that that helps them to satisfies the problem to make it sufficient where they're willing to do with it or their people who generate such a massive income that they can satisfy their lifestyle needs and goals while still getting rich quick. Those are really the only two paths. I see so the income one is certainly the way that you can increase lifestyle and increase your wealth building ability. I teach a whole course on on Career and income planning and the thing that I always point out is if you WANNA double your lifestyle and you WanNa Double Your Savings. The only way to do that is by increasing your income and so if you sit down with your career and you say you know what. I Really WanNa have you look yourself in the mirror and say brandon. You're sick and tired of living. I'm sick and tired of living college. Student I WANNA have a nice house not only don't WanNa four bedroom house but I wanNA fancier four bedroom house Not only do I not want only one one one roommate. I want no roommates. I want the entire house for myself. I want to have turn one of my bedrooms into a movie theater. I WANNA turn one of my bedrooms into a guest room. I WANNA turn one of my bedrooms into my computer room and I want to have my other bedroom. Just my my sanctuary. Well you could do that. But you're not going to get rich unless you massively increase your income and so if you can go from seventy five thousand dollars a year to two hundred seventy five thousand dollars a year then you can increase your lifestyle and you can increase your savings both but if you're just going to keep it seventy five thousand dollars a year and say well I'm making seventy five thousand dollars a year and I'll get little three percent raises etcetera. Then you're not gonna get rich that way and so you have three choices as I see it. Choice number one is you can say. I'M GONNA keep my income is probably going to stay about like it is and I'm GonNa keep just a little little increases etc and I want to get rich quick and so in order for me to get rich quick. I'M GONNA give up lifestyle and so no. I don't love living with four room at three roommates but I'm GONNA go ahead and do it And I'm going to stay on the original plan because that plan will help you get rich fairly quickly. Even with a seventy five thousand dollar income it a work number two is you could say I want a nicer lifestyle but I also Wanna get rich quick in which case. I've got to figure out how to make more money so I've got to move from a career where I'm making seventy five thousand dollars a year to making two hundred seventy five thousand dollars a year. And so how can I do that? I'm twenty five years old. How can I by the age of thirty with what I have? How can I set a target to be making seventy five by the age of thirty but if you do that if you increase your income then you can also then a justified the increases in your lifestyle and you become rich quick or choice number three is you can say? I don't want to do the hard work necessary to increase my income. I don't WanNa Change. I don't want to do those kinds of jobs. I'm comfortable where I'm at. I I WANNA have a nicer lifestyle and what I'll give up is. I'm just going to give up getting rich getting rich quick. I'm GonNa live in a nice house. I'm GONNA LET GONNA pay my mortgage off for a long time not GonNa have any roommates or I'm going to sell this house and just move into a you know a a studio or whatever other living arrangement you have and I'm going to be content with getting rich over forty years instead over over ten but those are the three choices that I see Do you have yeah absolutely. I think I need to hear that too. So I appreciate it Next a lot of times what I would do. If I were in your shoes would be. I would suck it up on the roommate situation. I see no reason. Why are you married Brandon Twenty? Are you single married singled girlfriends or year and a half? That's something that's you know. I'm horizon well if you get married and of course things change And you had to do that but I would recommend that you make that decision separately And if if I were in your shoes I would say number one. I'm twenty five years old. It's ridiculous for to be complaining about lifestyle at twenty five years old. If you care about wealth now you complain all you want but if you care about wealth. It's ridiculous complaining about lifestyle. I wish that I had been far more hardcore at twenty five and I was pretty hardcore but I wish I'd been far more hardcore. I wish I had worked a lot more than I worked. I wish I had invested a lot more than invested. I wish I had lived a lower lifestyle than I lived. You can do a whole lot of things when you're twenty five years old and single. That are a lot harder to do when you're thirty five married with children and so I wish I had worked harder and I worked harder than most people but at this point in time if I were going back if I were twenty five years old I would be working seventy to eighty hours a week. I WOULD BE LIVING IN ONE BEDROOM. Four bedroom house or I would probably have an RV parked out. And I would run out the fourth
Coronavirus fears shouldn't stop you from investing in stocks and adding to your 401(k)
"Minute corona virus appears likely to keep investors cautious this week as the virus spreads far beyond China but Steve chaperone at federated global investment management is taking the long view he says the epidemic's impact will not be permanent way we think about it is similar to how we would think about a government shutdown or natural disaster it's in most cases demand delayed not demand destroyed it was a rough session for stocks back on Friday and now Berkshire Hathaway's operating earnings coming in lower than expected partly a weakness in insurance but Warren Buffett's conglomerate still sitting on about one hundred twenty eight billion dollars in cash at the end of the quarter and it purchased a record two point two billion dollars of its own shares and H. B. reports earnings today for its latest quarter with a company under siege from Xerox a takeover bid and with the corona virus threatening its supply chain H. B. as promised a full response to Xerox latest offer after strengthening its takeover defenses
Incentives and Your 401(k)
"Today. I WanNa talk about incentives. There was a bill that was passed that at first blush I was excited about an involve your 401k. It's expected to be signed by the president. I'm talking about bill in the United States international listeners that would allow among other things your 401k to be used to invest in annuities. So you think that's interesting. Annuities are not something that I or any while respecting financial advisor wholeheartedly recommends. There are very narrow. Oh exceptions where certain annuities are appropriate. That's generally for very high income people that are looking for some kind of tax advantaged growth opportunity. They've maxed out the standards right. Ross the normal. 401K's ironies accepts things. Like that. So I thought Oh that's interesting annuities. Instead of 401k also it would allow for small businesses that administering a 401k is a bit of a hassle. You normally pay someone to do the administration for you. It's not terribly expensive but for a lot of really small businesses or semi small small the idea of administrating. 401K is scary and so a lot of them don't do it and then you have employers that don't have access to a 401k and that's a tragedy 401k's are superior to normal. IRA's because you can sock away. I've checked details. Nineteen grand in a 401k versus his six or something in an IRA if your company's really on the ball they'll also offer a roth for a one K.. which is really fantastic? Unless yes you are in such a high rate that the rough doesn't look that great. I should say marginal tax rate so these small businesses to get back to the issue at hand small. All businesses can combine together and have one plan. That's administered that administers a plan that represents many small businesses. And you think man. Yeah that seems pretty great. And then you read a little more and you realize that there were two lobbies that really were interested. Did in this law getting past and before we get to far down this road. It's not to say that this bill is bad it's I'm Only talking about incentives here but one of the lobbyists was the insurance lobby. They are really excited at the prospect of annuities becoming more widely available in 401k's why average annuity and this is from the Wall Street Journal. Average annuity expense is two to three percent per year where 401k fund. If they're doing things well is very very little less than half a percent per year here so the fees that you can earn on an annuity are five six times seven eight honestly even sometimes sometimes ten times greater than the funds that someone might be invested in in a 401k traditionally. So who who lobbied for it. The insurance companies did why because they will get more fees. The other lobby was for the money. Managers they make money that that half half a percent or sometimes less they make money there and the projection is that this will add some. I don't remember off off the top of my head and I should have written it down. It will significantly increase the amount of people that have access to 401k's and therefore will significantly increase the the amount of savings in 401k's and therefore will significantly increase the amount of fees that will flow into Those managers of those funds Wall Street. But I didn't WANNA say Wall Street. Because most they get really kinda like US Wall Street Wall Street's evil but DOC. That's that's where the money will go. So of course they're lobbying to get more money into 401k's the the people that make money managing that money and of course. The insurance companies are lobbying to allow insurance products in side. 401K's of of course of course of course that doesn't mean that the bill is bad it might mean that across the board it makes 401k's more available to more small business employees and that could very well be a net benefit for society. All I wanted to call your attention to today was the incentives and recognize that you cannot deny that when an incentive is in place that is what is operating it's not altruism. It's not it's not any kind of benevolence it's just an an incentive and it's extremely powerful and you can take it almost as an absolute truth that when the incentive is there to behavior follows right after and I've noticed in my own thinking that this it has made me a bit of a pessimist late. Maybe because I've been talking about debt for the last who knows how long we should get onto a happier topic here. Maybe we get out of the depressing winter and the Sun will come out and we'll be able to talk about saving for vacation or something but in the meantime I've become a bit of a pessimist missed as I thought more about these incentives and just kind of as I've been reading current news and things. You just kind of recognize This is actually pretty darn simple. What are the incentives and you? Follow those and you figure out what's going on and it doesn't mean everyone's out to get you. It just means that the awareness that you build as you budget must be treasured and protected and guarded against anyone. That would try and lessen that because I feel like the only thing that we really have as far as weapons go to fight against fairly powerful interests that would like to take your money is your own awareness and once you're aware how man your your best financial advisor you're savvy you save money you you make good decisions and you end up having your money line up with what you really care about and you feel this tremendous piece all the incentives that are all across this system across all these highly complex markets. Those are all still there but because your money is doing what you want you feel peace
"401 k" Discussed on If I Were You
"Pros that rich and I can have them how to con is that there's too who expensive for me to afford it seems air pods have taken that classic apple one eighty of like a came out it was the fuck is this is a stupid like. I remember when ipads like no needs an I pad just get a phone or computer and then like a two years later. Everyone loves airports. Like when did that reversal happen yeah. I think I think that for people that use them. We're just just like wow they like. They don't fall out of your ears. Not Having a cord is great yeah. They do kind of look like cigarettes out of your ears yeah. They don't look like super cool well. I mean I think wireless ear buds. They don't have to be air pods like they'll work. Your phone will work with anything Bluetooth Yeah Yeah. I wonder like there's definitely a cooler look than the air pods but you have air pods yours funny I when I was in Atlanta on the detour which we didn't really talk about needing asking me it also but it was fun. It was nice. Yeah I talked to you about it last week and then also before we recorded and I think on camera on microphone. I asked you know whatever whatever I'm sorry. You just accused me now. You're you're just sort of brushing it off. I went on a run in Atlanta and I it was really hot and my plan was to run around like near the hotel and then get back and jump in the pool and I did just that and I left my air pods and say that's a con- that's a con well. It's a con for me that my air pods are broken now yeah oh they they just sit a little bit of water. It's over game over. I iphone yeah. I I definitely like swam around for a bit so it wasn't like an insult. I know they were. They were yes of merged but yeah I would think you put the iphone. Yeah also like the air pods come in that case. That looks like dental floss. That seems like it would be waterproof. Yo I had the loose yeah they were in my pocket. Yeah tape to your thighs yeah and then one of them just sink to the bottom of course so but one of them still worked. I just the right one worked for a little while. Now doesn't work anymore and I was actually contemplating just like this guy like do I replaced. They're expensive are they two hundred bucks yeah and and when I say I think I know because I went and I looked and almost almost purchase them but I was like I just I can't the right still work. Sometimes I see you don't to pull the trigger but now now now that I'm thinking about it. I'M GONNA check out like just wireless had like what do they call them. Not Arab. You're it does not pods got fucking pots budweiser. Everything has to be a good idea pod with apple podcast ipod. It's a brand God odd. They want to keep it consistent. Fuck this guy. You have all of those things. I love their products. Yeah you did already order new iphone. Yes I do and that's what I was thinking about getting the air pods but now I'm GonNa Search. NC If there's anything that looks cool and isn't an airport because black would be better blackwood doc would be better in like they have like a little more support in the media's aligned data so I think it's too big you might whenever I have to use your pods buds. They fall out of my meat is. I don't know if I'm not using the media's correctly can't right now so I can't see your metesz yeah right there. turn your head. That's it you think you have or do you think it's too deep you feel all day. They fall out like like there's too much like there's too much space around them. Jiggle their loose Yelich when I wear the regular ones with wires. They'll fall out if I'm running if I was playing beat sabre yesterday mine kept falling out. That's so mccray. I'm like shoving it in time like. I don't think I should even be shoving it in this type. Maybe I have a greasy metesz there. There's a possible I have a waxy oily. Metesz needed your might. It might not be like the size. It might just be like the shape or the oil. I think you're you screw. You have like crucial yeah. You're media. Secretion meat is yeah I was GONNA say. It's a slick and slippery yeah. There's a sheen to your meat is ah I think I bought some like some exercise headphones that were like they're. They're connected by a wire but they're like. Yeah Your Bluetooth Yeah but that was like a year ago now anyway. They came with like three different sizes. I like the pod itself. I see like you and it was this this little rubber thing so you could have the small one the medium one or the large one. I would I would opt for the large is one to be as airtight as possible well the other the other possibility though is that you have a really tiny needs so you can't you can't get it passed in slaves the little the little area where needs to where it needs to lie. Oh interesting yeah I envisioned. Mine is just an open hole. I didn't know that there was like a thin part and then it's it's wider heider behind. It logged docket. It's it's a lock. It's docket a lock interesting. Were you playing beat sabre. Yesterday I did play beat. Sabre ended the Air Buds leads of it all sticking their where they I was playing it during the party so there was no air but is part of it was ambient noise. Everybody was maybe put them in. I mean I didn't I definitely didn't notice. I don't have the problem where they fall out. Let's call that's just you man so you pro air. Pods are not yeah. I think if you think that they're the pros were all of the what was it was cool. Yeah rich wireless wireless enrich I'm I'm for you getting. I also think that it's worth worth every once in a while splurging on yourself or something that you think about a lot. You'll feel great every time you use them and use your earphones a lot. Did you like using them when you did have them. Yes I love them. You can run with them and they didn't jostle. I I would do like high intensity workout with them. I mean there's so slick. It's like plastic. I don't know feel like the other ones like wrapped around your ear. They're like a little more map where they stick better. I these things totally worked for me. I went on like trail runs with them. Then allow allow never but I mean if if it's just for like walking to work and stuff it's it's great. It's also nice for like just actually sitting. Ah Your desk and working you can if you need to get up you just get right up. UNPLUG yourself yeah yeah. It's a cool system. Do you ever just like keep him in all day. I'm not even using them. I just realized pool yeah right. That's how it got ruined ruined indeed. I like my wireless headphones like my my whatever bows yeah because you have. You have a strange meat. COUPLA entire skull wireless is definitely the my problem with wireless is that it's it's not everywhere yet and you have to charge it. Yes that's feels weird. You have to charge your headphones right because you're you have these like a nice little minimal wireless first thing but like actually there's more wires because you have to charge them and it also of course comes with as you you have to be wired eventually right. You're not completely ditching the wires but I got if planes could do Bluetooth. I mean that's gotta be so far away. They must not even care. Oh yeah why don't they have wi fi but then you still need to plug in to watch TV yeah. That's an annoying thing yeah and that if I didn't have to do that I still have wire headphones. I only use when I fly right all right so get the airports or do some research and see if there's another kind of earbud that would work for you but I do go wireless. Why why don't they make the air pods different colors like why. Is it just why it's insane that it's only white is a variety of colors. All their products or product colors absolutely make different if they're if they did did like an olive green one. I would get it right now. What kind of phone did you get. I got the space gray color phones because I put a case on it anyway right but it's it's nice to have have that like 'cause. There's going to be three cameras on your phone now so that that little bit of colored plastic will peak out right. That's interesting but yeah no I like. I like the classic all right all right. That's it the end table of contents over episode done now. It's time for the Bibliography works cited the study. We reference difference today was. Casey are didn't podcast. Get in trouble for plagiarizing..
Everything You Need to Repair Summer Hair, Skin and Nails
"Remember your Selfie Bockel with the bless when you stayed at my house yes so I was trying to do a random act of kindness risk because one of the girls of the salon wanted to try as Makka Macho tea with Mac much so she was like all Gung Ho she wanted to try. Try was like all. I Have Amazon prime. I'll get it for you forgetting. You need a minimum order of Lake for free delivery. I'm like looking you like it depends on the item true. It was four ninety nine. I'll maybe what is it. What is the minimum. I feel like I think it's it's like this team. Maybe it's fifteen. You're right that sounds about right so I jumped and got some scrubs. Somebody's GRUBS and I found by accident at at whole foods these they're called Pasha soap company and its creamy whipped soap with calming arniko extract. That's as the calming one. It's it's whipped soap with exfoliating minute wait so you got it at on Amazon Prime at whole whole foods I was thinking trader. Joe's I was confused. Got It. Yes you got it through Amazon prime from whole foods totally get it at whole foods. You don't have to be a primary known to you know we love him. Okay but is one hundred percent knockoff of wet. You loved in my bathroom is while the lemongrass one. which is the charcoal clarifying sort here? Oh Dog Nas smelling right. Now is cucumber seaweeds taking feel so it's a little too little ready but when water hits it at ladders like unbelievable. Oh this charcoal lemon grass magic bliss Heiferman. Why would they call it charcoal lemongrass. Lemon Grass peppermint now lemongrass definitely Jessica Simpson moment like his lemongrass pepper may thing you dyed my hair brown otherwise people would know the truth okay so you can get this on at whole foods or Amazon Private Pacha so company and it's the we're we're smelling all they have to clarify one. which is charcoal lemongrass Intikhab more though the best was like six other sense six other? There's a law in the line this one Dead Sea mud smelling Dead Sea man. I'm excited because I think that was going to take my spray. Spray Tan off how you like that one. I think so I think I will because I think like this like I'm on the last Hurrah of the Spray Tan at the little blotch so it's time for me to a hack it off. Isn't it just like tumor. lovie immerse over so is this summer by youth by the way. Oh no forty four 401 happy birthday so great in fact by the time all listening to this I will be gallivanting somewhere between Mykonos in Florence so don't cry from Argentina. Yeah no looking so bad but forty so anyway. I'm going to talk about my shelf which I found from my other travels this summer approved by Ryan and I want you to know I really go to Ryan all the time and my can I use this this on my hair so I was traveling and I needed a curling iron but when you travel internationally even if you have a converter you need to have have hot tools that can take to the dual voltage so t to twenty volt or two forty volt depending on where you are my good old T. three curling. You're not one ten I already blew one of those out once and it was like one hundred and fifty bucks to replace. Oh Mama wasn't making that mistake again so I found this also so on Amazon it is by Medina M. A. D. E. N. I A. to one hair. Straighten are and curler travel curling flat iron duo voltage. It has the ceramic plates tormo lean. I was worried that it might find my hair Ryan. You gave me the okay yes but I said be careful when it all turned on by accident. If you turn a curling iron on in you go to use it as a flat iron and you touch the outside you you're we're. GonNa bring a so so I want to say that to basically it's not to areas that you turn you turn this thing on and probably if you had a more expensive one it would be but this was twenty nine at third 29.99 great by it gets my seal of approval so you turn this on the whole barrel heats up and there's like a little little switch on the side that you push one way if you want it to be a crawling arm with like the clip that locks and it locks it so that you can clip it and then if you push it the other way the curling rolling aren't splits down the middle and opens up and then is your flat iron. It's brilliant. I don't I didn't understand why they don't make all of them like this but I'll tell you girls else. You need to flat iron your hair from the very top. This is not going to be for you because if you think about a curled barrel when you open it up you have to leave a little space because the outside of that curling iron we'll bring you right so now for your hands they do make protecting gloves they usually come with the wands and they come with a crawling but you can get those on Amazon to Lampton voles glove coverage. I just got a silly wand at Costco on the go and it had like these cute little like finger gloves. I was like okay. I'm still going to burn my pinky when I'm looking at the at the pictures that they have is their display the grow with curly hair you can totally do that and I did that this girl with the straight hair you can't get straight from like an inch away from your head down because crime yeah but but it's great but a mini thought iron could still do routes it could but let's let's be honest when you're traveling or at least when. I'm traveling internationally now. I need all the space I can get either so this is a godsend. It's two in one and if you need your hair that straight like you pull it back in a ponytail out. Oh you sat your hair like an abundance for the first half of the days that it's straight at the root yeah also the the Carribean Express that you did for me. Yes die you love it really glad it's so great and it's part of the reason I wanted to talk about all of the stuff that we did over the summer yeah all of the negative if things to our hair to our skin all of the abuse it's not that it's negative all the abuse that her hair skin now body takes will. I will tell you I make so so much money sep- September because every single client now we jumped because of your birthday. We really did the Shebang on your hair so you don't till that way right now but everyone else comes in semi charon goes my hair feels like crap yep rights so oh. I have this like this overhaul hair thing and I think everybody needs at least two inches off yeah cut it cut it off two inches and then lowlights lowlights or rich in the tone a little bit and lowlights as a reaction to the highlights the brassiness talking about also your hair gets really bleached out from the Sun yes it. I don't care if you're a Brunette. I don't care if you're a redhead. I don't care if you're blonde it. Everything's light so laureen marine and or the saltwater exactly so runs ten foils of lowlights evenly spurs her head or just paint a few piece paint a few to pieces of lowlights through your hair and then conditioning treatments and continuing it at home for like two weeks and your hair will be back to normal. No we had done the Ola plaques yeah about that in an old episode I actually had it as one of my shelf is because I liked it. You bought it at Sephora. I think it was like thirty thirty bucks but they do an insulin treatment with that they do so. It's an oil base treatment. It goes in your color. Okay 'cause then you bleed. Chuck is if you're getting into the low lights is at the request of possible. Shore can absolutely request. Olo Plex in your lowlights and you can apps now. They have some take home treatments as well that are bomb right so they're a little heavy. They are a little bit goes a long way. I like to number three which is the number six which is like a new. They've come out with a seven yeah because six was not great. Well it was heavy wasn't good for you. Good for some okay. So what do we think about carrot and I was surprised when I came to you. Midsummer was like I want to. Redo the carrots and again and you're like girl. You were living your best life. If you're in the saltwater you're in the pool. That's not good for the Carrington at all what strips at the salt it yeah it. It's it's a coating on your hair. That's going to take the coating off faster. Is something that we might WanNa do again in the fall or is it like give it a rest. Give it a rest. You have a definite you have two coats on your hair the lousy personally but I'm saying like for other people do care to normally and you can do you can do a full cartoon treatment and you can follow it up with expressed. Don't don't do it again. Come fall chill out. You'RE GONNA break your hair off of it. You're like other people can do it amber back away from the Carrington model. Oh okay so while we're on the topic of hair. I do want to address hair removal because the fall the fall is the best first time to start your hair removal. How ever you have to make sure that your summer Tan has completely faded. Yes because when you're going link to do any sort of laser treatment the laser is attracted towards that dark pigment and if your Tan it's not going to be able to tell the difference between your skin and the unwanted pigment and you're going with Burns but we do know that it takes ten full months to have a full six treatment cycle of hair removal because you're going every six weeks except this is a good time to book for. Let's say act HCT one or if you're really really good and you didn't get any sun on you can start it now but if there's even a little bit and I know that because listen I wore SPF. I slapped it on. I was at fifty and seventy being in sunny locations. It doesn't matter it really doesn't so okay. Let's actually talking about the skin and the skin damage image. You actually look good though thank you. We're really careful. I am I yes. I'm I'm insane I I don't Tan I burn pink or get read and then so my tan is always sprayed onto always say I say here all the time so for me you turned on me onto super groups. Vail love it the invisible the invisible so I always do I do that that I do a little makeup that I spray the supergroup supergroup like makeup setting spray with SPF again. You told me that won't listen. I believe in layering SPF because when I went to Aruba I was using the super goop full disclosure. It says that you need to reapply it and I how reapply when you have makeup on so that's why did the spray because you know what the Super Group is. Invisible commands. You can put it on her makeup but I'm talking about over. I don't work to the beach to the ball. I had a hat on and larynx. SPF never about idea but if you are going to be in a sunny place you also need to make sure to
Prince Harry and Meghan Markle Private Jet Drama
"The country's most prominent environmental activists prince harry and meghan markle just flew on a private jet got to stay with their good friend elton john in niece. This was their fourth trip on a private jet in eleven days fun. I don't care they can fly in as many private. Jets says they want except at the exact same time just last month harry and meghan posted on instagram about how important it is to protect the environment this this is the the post quote as a continuation of our monthly social awareness approach to shine a light on the accounts that are working towards positive change for the month of july. We turn our attention to the environment. There is a ticking clock to protect our environment with climate change. The deterioration of our natural resources endangerment of sacred wildlife sacred what we're worshiping the wildlife. What does that even mean the impact of plastics and micro-plastics and fossil fuel emissions. You know like the source that are omitted from private the jets the post goes on. We're jeopardizing this beautiful place. We call home for ourselves and for future generations. Let's save it. Let's do who are part okay. Now you could say it was just some staffer at the palace posting that harry and meghan didn't post they don't they're not really that intense about the environmental thing. They're not really being hypocrites. They're they're just caught up in in the royal family. No it goes on the duke. Doc of sussex. Prince harry gives a quote quote. Environmental damage has been treated as unnecessary byproduct of economic growth so deeply ingrained is is this thinking that it has been considered part of the natural order that humankind's development comes at the expense of our planet only now are we starting to notice and understand the damage that we've been causing with nearly seven point seven billion people inhabiting this earth
Workers can put more in their 401(k) and IRAs next year
"You're listening to the spoken edition of the San Francisco Chronicle. Workers can put more in their 4._0._1._K. And I are as next year by Kathleen Pender, thanks to inflation workers will be able to save an additional five hundred dollars in their tax sheltered, 4._0._1._K and individual retirement accounts. Next year, the Internal Revenue Service announced Thursday employees who participate in four oh, one K for three B and most four fifty seven plans and the federal government's thrift savings plan can contribute. A maximum of nineteen thousand dollars in twenty nineteen up from eighteen thousand five hundred dollars this year before that it was stuck at eighteen thousand for three years, those fifty and older can contribute and additional six thousand dollars the same catch-up contribution as this year. The limit on contributions to a regular or Roth IRA rises to six thousand dollars from fifty five hundred the first increase since twenty thirteen. Those fifty and over can contribute an additional one thousand dollars to an IRA same as this year. Unlike the other limits, the IRA catch-up is set by law and only goes up when congress raises it the other limits are indexed to inflation. But go up only when the accumulated increase hits five hundred dollars. Most workers don't come close to maxing out their retirement plans, only eight or nine percent of those participating in four. Oh, one K plans run by Fidelity Investments contribute. The max. Their average contribution is just over six thousand dollars. If you can max out, you should if you can't max out everyone. Make sure you order them. Correctly said Jeff LeVine financial planner with blueprint wealth alliance. If your employer matches for oh one k contributions contribute enough to get the full match. I after that if you have a health savings account max that out because it has triple tax benefits contributions taxed. Title. They typically grow tax free and remained tax free. When you take them out if used for qualified medical expenses after that contribute to your 4._0._1._K, or I era if you can if your income is too high you can't contribute to a Roth IRA, if your income is too high, and you or your spouse's active in a retirement plan at work, you may not be able to deduct your contribution to a regular IRA. Although you still could make non deductible contribution living said these income limits are also going up next year.
Should I max out my 401(k) or invest some in an IRA or Roth
"Right. So I think this one might be up your Heli. This is from Claire Claire says, hey, Sean, I'll jump right in. I've been investing my 401K up to the match for a few years now. Just like you tell us to do. So I feel good about that, but I'm not sure. Should I be investing as much as I can in my 401K or should I look at an IRA or Roth? I know you always say it depends on our situation and our goals, but what would advantage be to investing more in my 401K above the match? Oh, yeah, this is awesome. I love this question almost more than the other two or just the same. If not a little bit better and it becomes up all the time. So you and I always advise people, you know, as they're focusing on their cash flow in finding out what a comfortable lifestyle is for themselves, therefore understanding what they can consistently safe every month. We say above put that all off the side that really important piece off the side. We know one thing's for sure if there's free money coming your way co, go get that. Go get it. You know, go get it. Very few exceptions to that very few show. Now, the question is I want to be able to save more and go beyond that. So full circle back to you cash flow, budgeting, cash management. Because the question that's really being axed, there's Kenai afford to put more into a retirement savings vehicle, whether it's a 401K IRA or otherwise. I'll say this right now if you're you're
Thieves pull off 'Mission: Impossible'-style burglary near Atlan
"Deport families together the republican senator says his proposal would double the number of federal immigration judges authorized new temporary shelters and mandate that families emigrating illegally will be kept together we've got seventy six degrees on peachtree street at four 401 one warm temps will be here as we move into the daylight hours atlanta's accurate and dependable forecast is on the way wsb's top local story police in dunwoody arresting a man in his twenties charging him with the beating death of his teenage sister police getting the call monday afternoon about a loud fight in the breezeway of the lakota apartments on peachtree industrial offset robert person says police are trying to figure out what led to the fight we don't we don't know the motive or currently processing the crime scene interviewing the suspect in anyone who else out here may have had information to provide us and we're gonna try and figure out what led up to this why it happened it's obviously a very tragic situation a man is now in custody meanwhile also in done dunwoody the burglary at a metro area best buy is something that looks like it's straight out of a movie mission impossible style burglary dunwoody police say the suspects took a cue from mission impossible and repelled into the best buy on hammond drive after cutting a hole in the room they got into the four created another hole in the fracture and were able to get into a secure storage area in remove over one hundred thousand dollars worth of apple products sergeant robert parsons says the wellthoughtout crime is very similar to ones that took place in florida and texas jennifer griffiths wsb breaking news i i this is w sp twenty four hour continuing news god county police arresting one of their own officers shero heritages us the parliament's crimes against persons unit arrested officer are l new on monday evening officer new facing charges of aggravated assault on a female victim while he was off duty and security measures like metal detectors could be on.
"401 k" Discussed on KTAR 92.3FM
"I'm not i'm not against 401 k is putting the maximum into that building up a big future tax bomb sometimes and they're in a 401 k that is laden with lots of of fees and limited choices that may not be the best option of vein all 401 k is a forum reason are created equal so savings is the idea but really if you have a plan no where you should be saving in what you need to accomplish with that money you're going to be a lot better off even if sometimes even if you're saving less if it's in the right places it is going to be more beneficial to you later on so plan plan plane that's why we want you to come on in for the retire fit analysis we're gonna help you figure out where you want to be and we're going to show you whether or not in real numbers you're on track to retire financially fair that's why we call it i retire fit analysis are you on track if there are any gaps you're going to see that very easily not in financial speak and it sounds daunting but we break it down in the bitesized pieces it makes a lot of sense you've got to be one of the first five callers to pick up the phone and call us today at six two three seven nine two fifty four 96 again sixtothree seven nine two fifty four 96 it all start with the plan plan plan plan talking today with phillips asheville venus she is founder and president of p s p associates i'm generally zakho aung side in the studio so fill us if there isn't a certain number we should be striving for what about the issues like inflation i mean is it possible to out save inflation or their better ways to deal with risks like that you got to pay attention to the fact that inflation exists even if it's a low inflation you live long enough it's going to impact your cost of living at that just the fat so we've got to have what i call a time segmented income plan you've got to get raises in retirement if you if today you're retiring you need folate save five.
"401 k" Discussed on Money Girl
"Penny that is huge with traditional retirement accounts like a traditional ira or a traditional 401 k taxation is the opposite you don't pay tax on contributions but you do pay income tax on withdrawals and retirement and that's on withdrawals of contributions andrew earnings in retirement and by the way i know all these different types of retirement accounts can be confusing and can get a little jumbled up in your brain so if you want to learn more about the pros and cons of different types of retirement accounts i created a handy one page reference tool called the retirement account comparison chart that may help use where to keep things straight as you go through this podcast so i would definitely encourage you to download it you can get it by visiting the notes for this show on the money girl section at quicken dirty tips dot com or you can send me a text message just text the word retire to the number three three four four four again text retire to the number three three four four four and i'll send it to you right away may help you as you're listening to this show so getting taxfree income from a roth in retirement is an amazing benefit having less taxable income can reduce the likelihood that you'll have to pay tax on your social security benefits in retirement and can even cut your medicare premiums in retirement because those are based on income so your current and your future tax situation plays a big role in whether you should use a traditional or a roth retirement account so here's the dilemma you can either pay income tax on contributions right now with a roth or you can pay tax in the future on a mouse that you withdraw with a traditional account now noone knows for sure what the future holds you don't know for sure whether your income tax will be higher in the future than it is now but if you think that you will earn more money during retirement then you do now and therefore would be subject to perhaps a higher income tax rate in the future pain tax at a lower rate right now makes sense so if you're young or maybe just starting your career it's.
"401 k" Discussed on Money Girl
"Hey everyone i'm laura adams and this is the money girl podcast where my mission is rich and love the journey today show was inspired by a money girl podcast listener named peter de who asks now that congress has enacted lower tax rates for most americans does this make a roth 401 k more attractive than a traditional 401 k thanks for this great question peter we will definitely answer it in this show if you are interested in learning more about how to invest for retirement like using a roth ira or a roth 401 k or a roth for three be at work this show is for you it will really open your eyes to what's available with roth accounts and how flexible they are retirement accounts are really the best places to save because they allow you to cut your taxes on the investments that you own on inside them and that allows you to build a bigger nest egg and roth accounts are some of the best accounts out there i really put them on a pedestal because they come with more benefits than any other type of retirement account problem is roth accounts are vastly underutilised and i think misunderstood many people tend to rely only on traditional accounts and they may not realize the huge tax benefits access to funds and flexibility that come with a roth so stick with me in this post i will answer peters question and explain the best reasons you should invest money in a roth retirement account right now i'm going to include a lot of resources in the notes for this show which is called seven reasons to invest money in a roth retirement account now it's episode number 530 you'll find it on the money girl section at quick and dirty tips dot com and this episode is brought to you by milo.
"401 k" Discussed on WPRO 630AM
"401 k which because you're over age fifty this year 2018 is gonna be twenty four thousand five hundred so ever are you putting the max for 2018 so far you set up threeputting the max into your 401 k correct pierre ur portland okay and and the mattering from there from my employer as well so shabby less excellent so step three then is after cash reserve for the money in your 401 k is looking at other retirement accounts that you might be able to contribute to so i'm talking about a deductible ira or a roth ira depending on what your total income looks like and and all of that and you can certainly talk to a cpa and figure out exactly what your qualified four but a roth ira or a traditional deductible ira would be a good third option once you have done that and by the way you guys can do that for for you can do for your husband is well even though he's not working you can make a contribution because you are working given given this i know so okay so that might be let's say another thirteen or so thousand dollars and then we do like to recommend that when you have an inheritance maybe you do something a little bit fun with some of it may you take a trip and you know take a couple of days off of work and that's that's really important job and we we don't really mean that facetious lee your your your father love you greatly he worked very hard to accumulate this money and chose to leave it to you and there is nothing greater you can do them to fulfill his destiny of you.
"401 k" Discussed on The Money Guy Show
"Option p b which is consolidate and role that old retirement assets into your new 401 k war retirement plan so it's the same analysis previously you've got a first figure out what the cost of all the investments within this four one k water multiverse vacation options what are the share classes like you were talking about bo you need to understand as well as the tools the web portals at the all that is superior with your new employer why not consolidate and make your life simpler now you don't have to go back and deal with that hr department that you don't like calling in dealing with rise maybe if somebody you didn't get along with it's nice if everything is simplified and consolidated i think the one thing it that is little unique and this is another reason why you might want to consider rolling your assets from an old planned into a new plan is the painting of the plan document some of the things that are available to you why you are an active employee might not be available in you leave employment one of the ones that cause online immediately if you're 401 k is one that allows for loans not that we recommend that in order we suggest you do that you can't usually take a loan from a 401 k ballots if you no longer work at that employer however if you order role those assets in your new 401 k then you might have a propensity to do that again we're not advocating for that what you need to understand the limitations and the options available between the two planes and how it changes sure and then so's move on options c rollers those assets into an ira role this is the one i guess it all your sunday morning shows all the tv advertisements this is what they want you to do and there is a reason because i don't want to sound like we're against that we actually uses strategy quite a bit we're just making sure you measure against the other two things of keeping at words or rolling it into your current four one k before you do this ira because there are some benefits to having a risk protection but here's the benefit the huge key benefit of ari rollovers you control what happens.
"401 k" Discussed on The Money Guy Show
"And that's what i want to cover all these things we know what your options in the in the plusses and minuses of the pros and cons but number two as you could consolidate role those old retirement assets into your new retirement plan because you know you might come to a new in foreign just like you said it's got good options renew inmate maybe you want to keep your life simple and his role everything right into that new plan still keep the orissa protection and then option c which is we've heard this so many times just role acids over into an individual retirement account those are your three option so it's kinda do what you were talking about bo endow deeper to now you may think we missed one but we know that you're the money guy family your money guy listeners you noticed you had three options one was roll leave the 401 k one role to the new 401 k or what would leave an ira you notice that one of those options in the middle of your working career while you're still building your army of dollars was not say cash out that retirement plan has not decided to go by the f one five zero s that so foot the poll end say go by that in the next car this is not sound decision making a lot of people use a job changes an opportunity to access those funds that's most likely not going to be in your i'm glad you said about because i actually hearing you say that makes i get a flashback every buddy we've we realize we do 401 k guys for you know in its it's usually for a client you know that they'll those small business owner but we deal with all the situations over participant who's not making good financial decisions and they call us and building the pool in the backyard buying a new pickup trucks right we've seen at all so we just want to make sure wisdom does come from watching either yourself make.
"401 k" Discussed on Knowledge@Wharton
"And it turned out that i had multiple accounts while ms an employer a basic contribution lowest an employer match when was an employee pretax contribution turned out way back then i'd made employee aftertax contributions ingest the whole headache of trying to figure out what is it to hack status of these was it had a role them over turned out to be a nightmare so i see this only getting great the administrative complexity only getting greater but again it goes back to something we've discussed with you about it and you eluded to it before is that generally the public doesn't have an extensive understanding of what is all involved in that so it really does it really does fall on the people that have these plans to tartu a professional to talk to somebody that has a better understanding so they can understand what the potential pitfalls are in this absolutely right in it's just kind of uh first have won like myself that works in this area it's unimaginable that of the layperson would be able to get it right and so to a degree than a it also mark it doesn't seem like one of the the kind of the topics that has been brought forth is kind of a simplification of the tax code and and it doesn't feel like that the potential of this change were 401 k czar concerns doesn't necessarily simplify things i am i right about that in a roth appification as you suggest is complex sophistication of before when i carry system right.
"401 k" Discussed on Knowledge@Wharton
"And so the um the jam out there that many people eager to get their hands on is the money that is currently not taxed because people put contributions into their 401 k plans one of the important points to mention now is that later that money will be taxed and so to the extent that the congress is just looking at a tenyear window when doing its tallies on how much tax revenue will be brought in the really knowing the fact that people would have paid taxes anyway and for when case later when they when they went into retirement so it's just to bring forward it it's more at gimmicks in anything mark what's your reaction exactly so livio serves and uh the point here is that they're not actually looking to cap contributions to four one k plans uh under the proposals we've seen so far they're looking to cap the pretax contributions the contributions that give you a tax advantage when you make the contribution rather than when you withdraw and instead require contribution to bug that caps to be uh socalled roth pipe rancher abuse and as olympia described that's the nature of the change and it is a gimmick a bolivia says your simply taking advantage of the tenyear budget window that screens out effect that occur beyond 10 years one of the interesting things to this is also this concept of a roth 401 k we talk about roth ira raise all the time but.
"401 k" Discussed on WSB-AM
"Your one is if 401 k contributions traditional 401 k contributions were reduced that impacts anyone who is looking to this as a significant tax deduction every year some of you are not some of you don't utilize it that way right you don't say that much in a 401 k or maybe you only save three so that your employer gives you a three percent match or something but some people i work with i'm especially people that makes a lot of w to incomes and maybe doctors lawyers sales persons who who have a high salary that's tax at a massive rate right now the 401 k may be one of the areas you're looking to every year as a significant tax change excuse me to extradite and so if the government shift this and says hey we're drop in that contribution dramatically those of you currently maxi out and relying on that as of the ease the pressure on taxes you're paying this is going to hurt that would hurt bad i don't think it's going to happen but it would hurt bat okay the second thing that people are talking about as a problem here is a little bit less of an issue to me in a kind of noise me a little and that's that if four one case dropped dramatically people will stop saving for retirement and then we'll have folks dying on the streets because we don't they don't have any retirement money safe i am a libertarian by bent i tend to think that way and it bothers me a little bit that our primary argument is if we don't make him save and nobody makes you put money into 401 k but if we don't make it like you don't see it you'll never do it as if the say it's the government's job to to make things you know to force us to do things or make it as easy as possible look just because you would have to save more money in like a roth 401 k which an aftertax retirement savings which is what would happen right they.
"401 k" Discussed on Millennial Money
"It's of the back to these these other folks that this 401 k the business owner decisionmakers chosen to offer 401 k is usually they've engaged with some type of a financial advisor or broker or planned consultant that comes in in advises that company that business owner on which funds to put into the lineups that the employees could tick from the law also advised the business owner you know she's used fidelity for your 401 k platformer should use vanguard or principles lower you know john hancock european myriad of the of the other choices out there and that absolutely can vary wildly from planned a plan in terms of how much money the participants or pain and does it matter hell yes it is because this is the way i think that the people can remember kind of how sees inside your 401 k words everybody knows how termites in your house folks termites are these things that you really don't often see with the naked eye inside of your house but left to run ramp but they can do massive damage to the allman ultimately effectively a worst case scenario you'll crumble the support structure of the home if they are not kept in check it's the same thing that happens with these seas inside of your 401 k they're generally naked to the on visible to the naked eye because of you know the and kinda design that way to keep those from u n left unchecked they can absolutely be chewing at eroding your retirement your retirement not the company's money your retirement savings is getting robbed in these fees you may not even know about.
"401 k" Discussed on Millennial Money
"That were doing were helping we're we're optimizing their 401 k h but really what we're doing is were putting people in a position so they might actually be able to stop working sooner and have that choice may be a couple years sooner than that had it not been for bloom so back back to the 401 cakes you you chosen to defer some money out of your pay check it goes into this account comes out pretax which is of benefit so effectively there it basically means there is less money for the irs to tax you on if you take some of that imported the 401 k once it goes into the account there's actually a a fairly decent miss perception about how these things work there's a there's a segment of the population that thinks that all i need to do is decide how much of my money to put into the 401 k and in my employer basically takes from there and and you and i both know that that is definitely not the case that's now we will have to happen yes your employer is not managing your 401 k or your four three before you still have to go in and tell the institution whether it's fidelity or vanguard or whoever is holding your company's 401 k you have to give them instructions on where to direct that money and obviously that is a very very important decision a task to do and one of the things we talk about a plume all the time is that wealthy people when they're faced with that type of decision they march in the door of their professional financial advisor you know what i used to do before blew my clients that we're still working i had eyes on every single one of their 401 k is at their employees and i would help them manage the investment pick the investment options for them but if you don't have a lot of money you don't.
"401 k" Discussed on KSFO-AM
"So i've been taught and i feel more comfortable eliminating risks in my life and if you like to do the same thing i've talked a lot on a live abundant radio about the risks or dangers of taxes in flation and market volatility i think these are the three biggest risks or dangers that people suffer from especially when they are retiring if you were to bat would you bet on taxes going down in the future now most people say no way no no no how about betting on taxes sustain the same as they are right now most people would not better on that how many of you would bet on taxes eventually going up that they are likely going to go up and everybody raised their hands okay so once i have established that stable data in my audiences zone most of you and if not all of you believe that taxes are going up you'd be willing to bet on it right i'll get how many of you that just raise your hands that you believe taxes are going up have money in traditional ira raisin 401 case and again as the of hands goes up and i go okay now you just raise your hands saying that if you were betting you would bet that taxes are going to go up and yet a whole bunch of you the majority of you have money and traditional i raise the 401 k is doing what postponing d'alene and deferring tax until later when what taxes are going up or down you just said they're going oh so why do you wanna differ and postpone tax to some future perceived unknown advantage when you're convinced taxes are going up no that's the worst thing you could do is continue to defer and put off and then pulled out your money in retirement when taxes are higher this is amazing to me how many times i talk about this in people sit there and go never thought of of that that way you know my adviser told me for years old he'll be in a lower tax bracket when you retire so just kicked contribute keep deferring deferring and of course when you.