9 Burst results for "C E P"
"c e p" Discussed on KLBJ 590AM
"Day that is the smaller firms. The more locally owned type firms tend to have expertise and working with individuals. And so that's where I would start with my menu. My due diligence and then When you call and talk to a person and Sam looking for a C P A. Let's say then You want to explain what you just explain to me So I know, for example. That the CP I've used for probably close to 40 years that she does not do ranches and farm properties. That's not her area. And so if I have a friend Who does have a ranch and she wants to ask. She asked me for a C P A. I'm not going to give her my c p A. So I think the tax planning around secure financial assets. Is frankly, pretty straightforward. And I think a whole lot of CBS could do that. So if that if my supposition is accurate, and the last thing you want to do is you wanna have a mutual expectation? Of what services she provides, because there's survey data that indicate that this first reason that people change financial advisors and accountants Is because they don't feel like there's a connection. They don't feel like they either they care are aware their needs. They don't hear from them. They don't return their telephone calls. Whatever the case is That really, that really matters and depending upon the complexity of your return, sometimes you're not going to deal with just one person, And that's just fine. You know, there may be in my case, my C e p a oversees her other. People, But one person does my business taxes and other does our family taxes. And so that's okay with me because I've gotten to know those other people as well. So what you're looking for, obviously is integrity and intelligence and experience, and you and I have been around the block more than once or twice. And so you also when you get that that far you want to trust your intuition as well and that's what I would do. Carl. Thank you so much for going over that. OK, talk to you later. And thanks for calling. You're listening.
"c e p" Discussed on KDWN 720AM
"Business is what's above this business. Our guest today is this suggest Neumeister of New Maester and Associates LLP. Burbank, California You guys have a business all over the Los Angeles County, Ellie and all over the world. You have also been known to happen office in Chicago, too. Yeah, that's correct. We have Ah satellite downtown Chicago. I thought you did. One thing that we were saying before the break is how much mental energy And You never energy is our greatest asset. How much mental energy do people spend? Trying to remember what they did last year that worked and what they did that didn't work and how to handle their finances and the taxes and the late nous and Everything like that. And not forget how much energy does it. Take? And still just getting Your safety, a firm to handle that and that you think about all the things that have to be done. Define takes takes a toll. There's there's only so much mental capacity and so much time in the day that the business honor has There's a reason why that there's a thing you know they should put. You should focus more working on the business than in the business. Well, if they're trying to maintain their own books and records And their tax compliance. And do you know, strategic tax planning, rather accounting and finance related things? Well, those are all indicators of working in the business. It's great to have understanding of that. But that shouldn't be there sole focus. I think if I were on I am s so I'll just say that I would want no parts. Of that that the surgeon culpability that Is there. You know you hold the The accounting firm responsible Or not making errors. You hold the accountant prime responsible for continued education and things that help you to save money. When I come to you And I think maybe you can tell me about what some of the people say when they come to you When I come to you. I'm looking for somebody who has a brain. I'm not looking just for someone to town for figures and add this up. But someone who can get me Tax wigs, somebody who could get me information on how I can get new equipment. Maybe and write that off. If I need equipment, things that can happen to help my business to grow. Can you do some of these things too? Not this getting the figures right but also Doing things and providing information. On how people can get extra tax breaks. Which actually low your attacks requirements. Our Lord attacks requirement. And if someone is just this is take the information, drop it into the books and records that's a at the straight bookkeeper. If someone is just taking the information, you know the financials and drop it into tax return without really questioning or looking for other options. That's just the street tax Prepare. Those are turning very different roles or level service. Then what? Ah, licensee, P a will will provide right so some clients when they're when they're shopping around for for guidance. So Bill mismatch one quote from one person versus a quote from from a firm thinking that their equivalent well, they're not just apples and oranges, but they don't want someone and just kind of almost mindlessly. Drop those things in two books, records and tax filings. That's gonna be very different than looking at reaching out sailing Well, house I grow my business. Do we need that? As you noted that new piece of equipment If I do, how can I acquire it in a way that maximizes my tax savings? And those work strategic guidance kind of questions was consulting type engagements is something that has a higher level service that license he behaves like ourselves do provide. Yeah, on and it's good to have that person there you you folks may not realize it, but especially service businesses getting you kind of run the crux over getting these trust turned in. Maybe you got 56 and 10 trucks. Getting those kind in getting new trucks doing advertising things that you had not been doing before pulling in billboards and figuring out how to pay for a lot of this stuff with tax taxes that you've already paid that you already have a commitment for. Sometimes you can move things around and it's good to have a C p A firm that is now about that. So that if you say Welcome to do this, can you do that? You don't hear? Well, I don't know. Because I don't know is not an answer. Exactly and you don't want to hear. I don't know for something that can impact impact your business and came that the type of service source describing that higher level consulting work. Is essentially an outsourced CFO. That is something that we provide to summer business clients. That's the ability to To, you know, prepare financial projections. Toe. Talk about strategy toe be a soundboard for some of those, some of those decision making processes. Without a word and of having the salary of a full time CFO. Right? Not me. But you know, small to mid size businesses generally don't wanna have a quarter million dollars CFO on the perils that doesn't make sense They don't need 40 plus hours a week of that of that expertise, right? And what and what for For some of our persons in the audience here who was starting out What is a C F o See if the chief financial officer So think of it as the person that had the accounting finance tax. Related aspects of the business. I want to help make those strategic calls on managing those arenas of the business. So you can get a boutique you can get Especially that the C E P from brings in for particular quiet when they won that when you see that they're having a particular area that they're going to be living in, then you can bring this. Specially stand for that without the people having to hire that person the side for you. Exactly right. And sometimes it will be the same contact. It is same CPR you're working with is just another service that they provide him the ability to maybe Pick up the phone and soundboard some of these decisions. Sit down Couple are the rear quarter, drawing like talk through in detail, the financials and the goals of the business. Yeah, I think I think that type of relationship that I like is one of these one call. Does all things were unquote enough to my C P A. Which is not to a banker. I'm close enough to my C P eight to say. I think that my business is starting to Get real good. And I want to do these things. I want to do those things. And can you make it so can you pull these things together? So that we can start to meet on these issues. This is what I want to do now. Want and there are a lot of guys out there who really think like Successful business people, but they get into trouble on the day to day things that they have to do. This is what a lot of people wanted to who are like that. You want to get a C P a fun. You want to get somebody that's close to you. Does that make any difference now that we have covert somebody who's close to you? It does not matter. Before the endemic wanted, didn't it didn't matter that much when it comes to professional services, like accounting attacks, work, and now in the current way of doing things that seems to matter even even less between zooms and Portal links to upload or download documents, emails and everything else. You know, we could provide that level service for any client premature where in the world Now we have a phone number. Let's go in and get that out..
"c e p" Discussed on KDWN 720AM
"That's 1 805 118 42 Doc, I've seen these ads where they say that krill oil is 48 times stronger than fish oil Is that true? Doesn't make any sense. Well, you know, obviously these air the cruel guys talking right, right, But you could look at it both ways. Let's get into cru in just a moment. But first, let's have an official guys on the shoulder because you know, you could say that the official oil is better and stronger. But we're talking about the concentrated high omega three fish oil here because it's higher and you make it three c e p A and D H A that are so important. The heart, the brain, the memory mood, your eyes, your skin, your hair, your nails. So in one sense, you could say, well, the fish oils better. But in another sense, I have to hand it to the krill guys. Because in terms of antioxidant power krill oil is extraordinary. And it's because there's a molecule and krill oil that's naturally occurring. Called asked his Hampton and asked his anthem, Steve, This is one of the most powerful antioxidants we've ever discovered Steve by one measure of antioxidant activity at 6000 times stronger Been vitamin C so amazing antioxidant power in the krill. And now as we're getting older 50 Plus hers like myself on 52 we don't make as many antioxidants naturally are antioxidants systems are kind of slowing down. And at the same time we're producing more free radicals. Naturally, this is why we call it cruel Omega 50, plus extra antioxidant power and extra Kroll. Remember 500 mg of cruel instead of 300 that 67% more plus the vitamin D. So important for us, and this is just incredible value. I have folks. They were going out. They were getting the krill separately in the fish oil separately. The antioxidant you could spend 75 bucks doing that. Okay? You're getting it all for free. Today. This is the best of both worlds. This combination product with the cruel and official It's not one being better than the other. They're both great. And this is the best of both worlds. You know? Thank God for purity products. I'm serious seriously, because when you think about where our food supply is gone, and where we are today, we have to have Have something that allows us to feel better as we age to age gracefully. It's amazing to me is we talk? That's why I love the way the purity gives away the free bottles because you know, people could be skeptical. It would be skeptical, but now they could be skeptical. And they say, Okay, you know what? This sounds pretty important. I'm gonna give this a go. It's only gonna cost me 6 95. And they get in. They try it out and what they start to see because it doesn't take long. Remember that joint studies heaven days 28% more comfortable what they start to seize. Hey, I'm more comfortable. I feel better. They noticed their energy is better. And they realize Hey, you know what? This is important and they tell their friends and they tell their relatives and they tell their loved ones and purity has been doing business this way for I don't know, 20 years now and you know this is a great testimonial by Gracie five Out of five stars, she writes. It works. I feel a difference in my joints after only one week. Also you have the nicest staff. That's what that's what great that you have The nicest if people are gonna appreciate working with purity, they're fantastic company. They put their money where their mouth is. They give out free bottles and you try and you're like, Wow, This is great stuff. Thank God for purity. Let's talk about the heart health for a moment. It's probably the single greatest concern that people faces they age. So anything that we could do to boost heart health becomes really a top priority. You know this? I know this and those folks out there. No, this is well. And I know you mentioned earlier that Omega threes literally lower our risk of coronary heart disease. Do I have that correct? Does that's a big statement? You know? Absolutely. I mean protecting the heart. This is what put Omega three's on the map. Back in the seventies, Dr Dyrberg discovered you know how protective they were for the Eskimos..
"c e p" Discussed on Newsradio 970 WFLA
"Because I've left a message for him, and he never called me back. And so I'm Kind of circling around and figure out what I need to do. Well, you can always change attorneys. We'd we'd you know, I'm not suggesting I'm not trying to solicit you. But you know you call your attorney and your attorney would usually all the will for you. On. That's just a normal thing to do when a spouse dies, and there might want to tweak your will a little bit. As well. You could talk to your attorney about that. Okay, well, I inherit absolutely everything. There's no Children or anything. So I hope there I know that there is sometimes you have to go to the court for, uh what, but I don't want to do you have to do that. Yeah. Well for you. Have you got everything? You wouldn't be any probate? If you owned everything jointly. And everything just now, So okay, so that that sounds good. Getting part time and Information, helical my pleasure. Mm hmm. Okay, Thanks. You're listening to ask an attorney all about floor alarm Attorney Jo Pippen. If you have a legal question, the law offices opened. About another 13 minutes or so you have illegal. You have a window here to call the show. The phone lines are open at 809 699352. Let's go to Tim in Tampa. Hello. Tim Hey, I have Ah, question My wife is the head of a trust. We recently sold a large piece of property out by the airport, and we contacted an accountant. And he said that the trust is not an entity eight. So when she made money I made money, but my stances If it's trust is an entity they should file taxes separate. Then mine in her taxes. Is that correct? Well, a trust created by a Son uses their Social Security numbers, so it doesn't come become a different entity until death when the trust becomes a revokable, and then it becomes a different entity with a different tax number. But if you created a trust now would be your social Security number. You and the trust will be the same entity. So if you and your wife follow joint return And if she sold the property in her individual trusted used her social Security number, you'd still continue to follow joint. Return, and the trust itself would not be a different entity because it used your wife's social security number. Right. So so myself. Security number doesn't even come into it. It's hers. Is that correct? Well to you and your wife follow joint returns. Yes, we did all the rest of the years. Well, okay, we'll have your C P. A look at the difference between following a joint return and her falling you both falling individual room. Turns She and her trusted the same entity with the sun, same Social security number. I'm gonna be responsible for, uh Well, I say it's her income, but I'm going to be responsible no matter what is that correct? No sorry. If your accountant tells you is you have tax advantages and her falling a separate return. And you both would follow separate return. Okay, well, he's advising us to file a joint return because of taxes would be lower. Okay, Well, she and her trusted the same entity. So it has the same social shit because social security number So if you're c e P A is telling you, you pay less taxes with the joint returns and go that way. Yeah, I'm just It's a large amount of money. And I'm uh, I know that we're responsible for some taxes, but her being head of the trust, she dispersed money to other people. Now the money she gave the other people they are. They're responsible for their own taxes. Is that correct? Okay. Well, this was in her own trust. He was a trustee of her parents trust or something like that. Yes. I see. So you were telling me I thought you were telling me that was her trust. We'll know that trust. Was it different entity. If it was their parents trusted, died and she became the trustee. It would be a different entity with a different text number. So Lonely part that in inheritance is generally not not taxable unless there is built up income and interest in there, but that would be divided. Either other would either be paid by the trust or are each beneficiary with Would have their portion of it taxed. And then if that's true, then the portion that she got that was taxed since you're following a joint return would go on to your to your joint return, not the whole trust. Right. Okay, sir, I thank you for your time. Okay, let's go to David and ST Pete. Joe, I have a quick question for you. Um, I have Ah, a brokerage account with 100% of it going to a charity and I want to know for calculate purposes. Calculating the fees of the Attorney on the personal representative would be able to receive Is that brokerage account value excluded? No, sir. Exist included because he goes to a charity. Well, the brokerage account has a beneficiary of 100% to the chairs. Okay, so it's not in a snot in your state. Nine in your trust. It just has a beneficiary named on the account. That's in my name now. With a beneficiary 100%, a charity. Well, generally, I would say you asked the attorney to give you a fee agreement on the In the trustee and personal representative And just clarify that that money that's not in the state or trust is not included in any theory Mint. It just goes directly directly to the beneficiary. Okay. Thank you very much. Thank you. Let's go to another Tim in Tampa. Good morning. Jill Appreciate the shell. 68. I have a trust. They got to Dennis and you guys which I'm very grateful for peace of mind. Uh, Have a fidelity account..
"c e p" Discussed on KGO 810
"Online at O'Donnell Financial Group in you click on the Let's Talk Link. Let's talk length. Then you'll be able to You know you share information, we will get you the financial planning will start will get the financial planning process started for you. The complimentary no cost, no obligation review and again. It is an analysis. We're gonna ask for a bunch of information from you. But we're going to spend I would estimate we're indispensable between four and six hours reviewing your information to put on the complexity of your financial life. And then Warren. We're gonna chat, probably once, maybe twice on the phone, and then then whether we do a zoom meeting or we do an in person meeting it would be you know, with a spit shield in front of us wearing mask will spend an hour hour and a half together. It's you know, it is the most valuable free things you ever you'll ever receive. 866496 23 100 is the number O'Donnell financial group dot com. Oh Donald financial group dot com. So the this month Kiplinger's has a little if you see the Kiplinger Tax letter, there's a piece in here. Tox bird attack spurt in the high income earners has gone up Court of the iris statistics. The top 1% of individual flyer filers. Excuse me paid 40% of all U. S income taxes for 2000 and 18. The most recent year the services analyzed. That's up for the 2017 figure of 38% 38.5 round numbers. They reported that 21% of the total Justin gross income lower than the year before. Filers need adjusted gross incomes of a least $540,009 to earn their way in the top 1% category, the highest 5% paid 60%. Of all total income tax and accounted for 36.48% of all adjusted gross income. The top 10%. Those was adjusted gross incomes. At least $151,935 bore 71% of the tax. Burden while bringing in 47% of all filers adjusted gross income for the year and and For those you want to know the bottom 50% of filers paid just 2.95% 2.95% of the total federal income tax rate. There, you know, in part of it. The analysis avoid their numbers so low is because their figures don't include so security tax payments. Hmm. Interesting. So let's talk taxes. I know. I know. I know. I know. I know. It's only January. So the IO Donald wants to talk taxes. January got a couple things you got to keep in mind. That's what I'll just keep this up fresh in your mind. You know, this is a holiday weekend. I I will probably spend time on Monday. Work on tax is starting to get that stuff together. It's certainly not gonna be done. Um, as much as I tried to get my stuff in early my tax professional. My C e p A always seems to put me on extension because he wants a little bit more time to go over everything But again, you got to start thinking about it so Number one number 1 2020 IRA contribution deadline is April 15th. The deadline for making regular contributions to your traditional IRA and or Roth IRA is the IRA owners tax filing due date? Which is April 15th. For most taxpayers. Extensions do not apply now. Remember because of the coronavirus Last year, they Push the deadline out to July 15th. But that hasn't been the contributions haven't been pushed out. There's no proposal for a postponement. Um And remember, this is one of those f Y eyes or C Y A s for irate contributions made in 2021 for 2020. Irate owners must include clear instructions to the book and record of the amount of the 2020 right in other words, right on your memo on your check. Weather is for 22. It's 4th 2020 contribution. Does that make sense? Otherwise, that custodians get to say it's for 2021. That's where it's going to get confusing. That's where you start having some some challenges. Couple of things just to keep in mind. There is no age limit on traditional IRA contributions. Keep that in mind that that was one of the benefits of the Secure Act and Q C. DS qualified charitable distributions must be offset by Deductible. Traditional IRA contributions eligible individuals they may qualify charitable distributions QC DS From there, I raise one of the eligibility requirements is that the distribution must occur on or after the date, the individual reaches the age of 70.5. You see, these are tax free. If they.
"c e p" Discussed on KLIF 570 AM
"Intelligence. We're making great decisions in the year ahead. This week's program titled The January Effect, I'm Spencer McCowen President McGowan Group, joined by co host Alex to lean, head of client development of McGowan Group Asset Management. A team of nine. The team that cares and having navigated the pandemic, looking forward to the year ahead. But the January effect tells us something will explain what the January effect is and what the impact was from this week. What perform best in the first week of trading. We'll get to that. Alex, what else we got? Yeah. What does that tell us? What are the most likely policy changes? And potential tax all changes. They're coming with the new administration. Well, and what are the forecast for 2021? We'll get to that in the charts. And what else we're gonna cover. How does this this week? Change the outlook for, um for markets. Well. I've got a couple of I got a couple of numbers go to the Trader's Almanac for that, right? Like the first day they say the first six days of trading forecast the here and that right? Yes, now. That can get you into trouble because it doesn't always work right? It's about two thirds effective for for trends. The Dow Up about 1%, the S and P about 1.5 Russell 2000 Small stock index was up 6%. Medical was up 3% for the week. That's pretty good week. I'm glad if you do that every week for 52 weeks, then it's pretty good. Um, pipelines up 8% for the week. And AH, West Texas Intermediate crude 51 50 a big week they're Saudi cutback of a million and production per day. The good news is three U. S. Is actually capable of delivering Maura with the differential I got to say about that is is I don't think I could drive 55. Right. Oh, okay. No. Van Halen Reference. Yeah, that was Nixon invented that by the way for the 55. Yeah, to save on fuel. Yeah, And then he made us all companies sell oil at six a barrel when the world price was 30. I want to interject here just for a second. That was that was over regulation. This is this is the What the The beginning of 2021. You've been on the air for how long? Oh, February next month will mark Ah, that will be 20 years 20 years. So we're starting our 21st year of network radio. Congratulations. Hey, thank you so much. We'll declare the anniversary now. Okay? Because You know, I think I had to do the audition in January. They want to make sure that I wouldn't get embarrassed on. Okay. So when the program started, all right. Ah, lot of the format. Um, I I did not like what I was hearing. Especially on the weekends right there, Except for Ed Wallace. He's one of the best is really so, um, and you can't get news. You know, on the weekends like you go to CNBC. And they're doing reruns about, you know, bizarre estates and like that, And and so when you're in your car on the weekends, you know, do stuff to get any good news content. Right? So I just said well Financial news. And that turned into the market reports and what I noticed is it was great because clients would listen. Say what the heck is going on right? Washington takes a hard dramatic left turn this week. Chaos and the Dow just dances at 31,000. So we'll get to, you know, we get to dissect that, but a lot of the programs were call ins, okay? So I was going to follow that format. I've only taken one call and other than an interview, right, right. This is what made me decide. If I'm gonna have somebody on the program. They have to be a neck spurt and an expert that adds value for us as a Zbigniew leader as an analyst. Right? Um, those air that was the devotion and here's where it came from. So I had this high powered C p A on I'm all excited. First guest, okay? We're going through really The high end of tax law on tax law changes right to get to that subject. Briefly. We're about see corporate taxes go from 21% to 28% is what Goldman said. And tax everybody that makes over 400 whole lot because they're evil. Right? Those are the two policy changes. Goldman forecasts. Um, in this case, um The first guest was the C E P A. And we wanted a high level conversation. Right? So we're going over the tax law changes at the time 20 years ago. And techniques for lowering your taxes causes in the fourth quarter sometime, and so we decided to take a call right Lady calls and says Do I need to file a return if I only made three grant? Mm this last year. And You know. So the C p A is like, Well, yeah, they might not even care. E mean, you know what I mean? She had a genuine question, and that was good. What it made me determine is it's not worth it, right? Yeah. If you're gonna have somebody on you want to have somebody that adds value right off the bat. And just if you're listening to this point of fact It is ah, Khelil not to file Okay, you have to file it's not he leave. He can't pay. You could work. Some of the I R s That's not illegal, but it's illegal to actually not file. Okay, so that was it was okay. So 20 years later, we answer the first question. Okay? And then the first long play interview was was a guy that ran the world's largest aluminum recycler. Removing okay and he had prepared like 200 pages of aluminum smelting. Briefing. Yeah, and read the thing. He read it. He read it. It took us all night to add it. I've never edited another interview. Umm I just noted, interrupt if it's not going too good direction. If me is a businessman, if if I'm if I don't like it, I'm going somewhere else. Right? And so that was that was a key, All right. So Washington takes a dramatic left. Turn, right. We saw that. Yep. Okay. And policy changes. We don't know yet. We do know from Goldman. At $4 Trillion infrastructure package because they're going to get the investment banking business that right? That's gonna be huge. Now what that does it, You know the U. S debt approaching 30 trillion The balance sheet of the Fed essentially will double by the time they get done with this. And then that that sets the stage for 2022. Yeah. Goldman's phrase was they're unlikely to do anything to disrupt the current recovery. Until 2022 s so later in the year, it's gonna be important to stay tuned and one of the things that you know, in terms of the safety waiting. We're gonna adjust that. The dangers ahead during the year. That being said. I've made the case for 20% potential year old statement. But you know that's the backdrop. I think right now for 2021, particularly the first half. Is actually very favorable. Very You know, a lot of stimulus that we we already had the additional 17 to 20% money supply increase. We got vaccines on the way. Um, you have pent up demand. All that stuff says Hey, we're likely to have a pretty good 2021. What does it look like going into 2022? Yep. Is a different story. I talked to four octogenarians that have already been vaccinated this week. Clients. All right, right and Also talked to some people in their seventies and they're wondering how to get it. And Papa Dean, he went and got it it Market street pharmacy and play. No, hey, already got his. So there'll be a line out the door, right? Right. So that's anyway. But that Z good news. Even though we're in the midst of 130,000 people a day getting admitted to the hospital, um the flu season usually picks it 60,000 just to put it in context.
"c e p" Discussed on KLIF 570 AM
"Intelligence. We're making great decisions in the year ahead. This week's program titled The January Effect, I'm Spencer McCowen President McGowan Group, joined by co host Alex to lean, head of client development of McGowan Group Asset Management. A team of nine. The team that cares and having navigated the pandemic, looking forward to the year ahead. But the January effect tells us something will explain what the January effect is and what the impact was from this week. What perform best in the first week of trading. We'll get to that. Alex, what else we got? Yeah. What does that tell us? What are the most likely policy changes? And potential tax law changes. They're coming with the new administration. Well, and what are the forecast for 2021? We'll get to that in the charts. And what else we're gonna cover. How does this this week? Change the outlook for, um for markets. Well, I've got a couple of I got a couple of numbers go to the Trader's Almanac for that, right. Like the first, they say the first six days of trading forecast the year and that right? Yes. Now that can get you into trouble because it doesn't always work right? It's about two thirds effective for for trends. The Dow Up about 1%, the S and P about 1.5. Russell 2000 Small stock index was up. 6% medical was up 3% for the week. That's pretty good week. If you do that, every week for 52 weeks, then it's pretty good. Um, pipelines up 8% for the week. And West Texas Intermediate crude 51 50 a big week there. Ah, Saudi cutback of a million and production per day. The good news is three U. S. Is actually capable of delivering Maura with the differential I got to say about that is is I don't think I could drive 55. Right. Oh, okay. No. Van Halen Reference. Yeah, that was Nixon invented that by the way for the 55. Yeah, to save on fuel. Yeah, And then he made us all companies sell oil at six a barrel when the world price was 30. I want to interject here just for a second. That was that was over regulation. This is this is the What the The beginning of 2021. You've been on the air for how long? Oh, February next month will mark that. That will be 20 years, 20 years. So we're starting our 21st. Year of network radio. Congratulations. Hey, thank you so much. We'll declare the anniversary now. Okay? Because You know, I think I had to do the audition in January. They want to make sure that I wouldn't get embarrassed on. Okay. So when the program started, all right. Ah, lot of the format. Um I did not like what I was hearing. Especially on the weekends right there, Except for Ed Wallace. He's one of the best There is really so, um and you can't get news. You know, on the weekends like you go to CNBC, and they're doing reruns about, you know, bizarre estates and act like that. And and so when you're in your car on the weekends, you know it was tough to get any good news content. Right? So I just said well Financial news and that turned into the market reports and what I noticed Is it was great because clients would listen. Say what the heck is going on? Right? Washington takes a hard dramatic left turn this week chaos and the Dow just dances at 31,000. So we'll get to you know, we get to Dissect that. But a lot of the programs were call ins. Okay. Uh, so I was gonna follow that format. I've only taken one call in other than an interview, right? This is what made me decide. If I'm gonna have somebody on the program. They have to be a neck spurt and an expert that adds value for us as a Zbigniew leader as an analyst. Right? Um, those air that was the devotion and here's where it came from. So I had this high powered C p A on I'm all excited. First guest, okay? We're going through really The high end of tax law on tax law changes right to get to that subject. Briefly. We're about see corporate taxes go from 21% to 28% is what Goldman said. And tax everybody that makes over 400 whole lot because they're evil. Right? Those are the two policy changes. Goldman forecast. Um, in this case. Um, the first guest was the C E P A. And we wanted a high level conversation. Right? So we're going over the tax law changes at the time 20 years ago. And techniques for lowering your taxes causes in the fourth quarter sometime, and so we decided to take a call right Lady calls in, says Do I need to file a return? If I only made three grand, Hmm this last year. And You know. So the C p A is like, Well, uh, yeah, they might not even care E mean, you know, I mean, she had a genuine question, and that was good. But what it made me determine is it's not worth it, right? Yeah. If you're gonna have somebody on you want to have somebody that adds value right off the bat. And just if you're listening to this point of fact It is ah, Khelil not to file Okay, you have to file it's not Healy, if you can't pay, Yeah, you could work. Some of the I R s That's not illegal, but it's illegal to actually not file. Okay, so that was okay. So 20 years later, we answer the first question. Okay? And then the first long play interview was was a guy that ran the world's largest aluminum recycler. Removing okay and he had prepared like 200 pages of aluminum smelting. Briefing. Yeah, and read the thing. He read it. He read it. It took us all night to add it. I've never edited another interview. Umm I just noted, interrupt if it's not going too good direction. If me is a businessman, if if I'm if I don't like it, I'm going somewhere else. Right? And so that was that was a key, All right. So Washington takes a dramatic left. Turn, right. We saw that. Yep. Okay. And policy changes. We don't know yet. We do know from Goldman. $4 trillion infrastructure package because they're going to get the investment banking business, right? That's gonna be huge. Now what that does it, You know the U. S debt approaching 30 trillion The balance sheet of the Fed essentially will double by the time they get done with this, and then that that sets the stage for 2022. Goldman's phrase was they're unlikely to do anything to disrupt the current recovery. Until 2022 s so later in the year, it's gonna be important to stay tuned and one of the things that you know, in terms of the safety waiting. We're gonna adjust that. For the dangers ahead during the year. That being said. I've made the case for 20% potential year old statement. But you know it's the backdrop. I think right now for 2021, particularly the first half. Is actually very favorable. Very You know, a lot of stimulus. That's way we've already had the additional 17 to 20% money supply increase. We got vaccines on the way. Me have pent up demand. All that stuff says Hey, we're likely to have a pretty good 2021. What does it look like going into 2022? Yep. Is a different story. I talked to four octogenarians that have already been vaccinated this week. Clients. All right, right and Also talked to some people in their seventies and they're wondering.
"c e p" Discussed on KFI AM 640
"History be able to tell us about this moment or how were other moments of Of doubt or discord. Even distrust of our government. How were they handled in years past Let me read you some words which are almost 60 years old to the day. I'll tell you who said them at the end. But this was On January 6 1961. That's him. Number one. Here's what this person had to say. Okay? I do not think we could have a more striking and eloquent example of the stability. Of our constitutional system. And of the proud tradition of the American people of developing, respecting and honoring institutions of self government. In our campaigns, no matter how close the election may turn out to be Those who lose accept the verdict. As in a C C E P t not e x E c e P T. Those who lose, accept the verdict and support those who win. Those are the words of then Vice President Richard M. Nixon. January, 6 1961 Almost 60 years ago to the day former speaker of the House Paul Ryan is back in the news, and he has been one to keep a relatively low profile. He hasn't had much to say about anything. Not much about the presidency of Donald Trump. Not much to say about the campaigning leading up to the election in November. And hasn't had anything to say since the election, but until now Until now, and you may ask. Why is he saying something now? Well, maybe something or someone put something on his conscience said that this is the time where he felt the need to speak out. And it's not just what you say It's when you say it. What are the circumstances? What is happening in that moment? Who might be moved by your words and like or low Speaker Ryan. Okay, Some people call him a rhino. I don't care. I believe that he's American, first in the Republican second Don't agree with everything that he had to say or do politically. But I don't question his patriotism. I have no reason to believe that he's acting in any other capacity. Other than a concerned American because he's not running for office. He's not trying to get someone else elected. He didn't campaign for Joe Biden. He didn't campaign for Donald Trump. As far as I know, he hasn't been working behind the scenes to undermine either Trump or Biden. So as far as I know, this is about the only thing he said publicly of note in quite a long time. He released a statement. You know, just read what a portion of what he had to say. Well efforts to reject the votes of the electoral college and sow doubt about Joe Biden's victory strike at the foundation of our Republic. It is difficult to conceive a more anti Democratic small D And anti Conservative act, then a federal intervention to overturn the results of state certified elections and disenfranchise millions of Americans. The fact that this effort will fail does not mean it will not do significant damage to American democracy. The Trump campaign had ample opportunity to challenge election results, and those efforts failed from lack of evidence. The legal process was exhausted and the results were decisively confirmed. The Department of Justice to found no basis for overturning the result. If states wish to reform their processes for future elections, that is their prerogative. But Joe Biden's victory is entirely legitimate. Close quote. Former speaker of the House Paul Ryan. Any kind of echoes What I said, and I'm not saying that what I said was all that special. I'm just saying that the president has used every legal avenue available to contest. This election every single one Every single recount that he was automatically granted by the closeness of the the margin of the elections in certain states like Arizona. Georgia and also some recounts that he wasn't automatically grant but he had to pay for He was given that he pursued legal avenues and just about every way imaginable. Some lawsuits he lost because of lack of standing. Many of them he lost simply because there was no evidence to support the allegations, and many of the allegations weren't even fraud based. They were procedural. In nature. He protested as far as he could, in terms of trying to set it up to federal appeals, even going to the Supreme Court, the Supreme Court if the city had lack of standing or just denied hearing it all together. He exhausted every single legal avenue. What I've always tried to say is with president you set in motion a number of events just because you think it sounds good or it's a good idea today. It won't be tomorrow. And the fomenting of this distrust going forward in the absence of the evidence, and just whatever you say behind a microphone of the press conference or papers, you hold up, that's not evidence. Evidences vetted in a court of law. Evidences Cross examine in a court of law. If they work any legal standing or foothold for the president to stand on. It would have been acknowledged in a court of law. He would have had a court order a court injunction something he got none of that. So I don't want to hear about. Well, all this evidence? No, There's not all this all evidence. There's all these unfounded allegations and rumors like you heard in the audio I've heard about Dominion. Where people tell me that's not evidence. And you see all these stories off these allegations of impropriety. But these allegations never make it into an actual court record. So let's be honest about what evidence has been submitted. If you're only submitted it submitted it to the public's fear, or to a television host. That's not evidence. That's just a television appearance, no more, no less. I believe that Speaker Ryan is more concerned about the implications of what dangerous precedent. This says. I think he's concerned about what type of violence may come out of this because going back to what I said. If you don't understand how your government is working or supposed to work for the legal process is supposed to work. Then you are going to wrongly believe that you've been cheated that somehow. This election has been stolen that somehow this election is illegitimate and then emotionally, you think you're then justify to act in any old kind of way, including calling. The secretary of state and imploring him to overturn the election to find 11,800 votes. Find Recalculate. Fabricate even he didn't use the word fabricate, but that's the only way you can find the votes. It find votes that aren't there. This is a dangerous time in America. I cannot be more serious. This is a dangerous time because you have a significant swath of America who believed that this election for whatever reasons was illegitimate, even though there's a dearth of actual evidence to scale, which would have changed the outcome of this election, even though Paul Ryan will say it Even though even Bill Bar has said it..
"c e p" Discussed on WBAP 820AM
"2.5 weeks away, which is unbelievable. Randy Martin is my c e p A. And he has told me that right now when you and I are weakest financially because the China viruses when we're strongest We will fight back against the I R. S with our small business or personal tax issues. Go to iris prob dot com. Iris p r o b dot com are called to 14 to 148214. If you just want a good C P A. He's my C p. A. Randy Martin. So the it's unbelievable. Joe Biden should become president wants to do 10,000. It might even be doing Chuck Schumer says. Today. I am so excited with the stroke of a pen the flick of a pen $50,000 he he's considering doing 50,000. Why not? He's not gonna be around too much longer. Just give it away and get more votes for Democrats just like with the legal just give away. Entering the country or citizenship or amnesty. Whatever. This is how we become a third world country. All of our hard work and sacrifices that we used to do. It is not looked upon this foolishness. This is, um A lot of people talk, too, about how there's gonna be ah, lot of angst. For, um, with those who have paid off their loans versus those who get free. Stuff. But why did you go to an expensive school? Why did you have to go to an expensive school? Why is it my problem that you chose to an expensive school? You're the person who went to the expensive school. You signed it. You weren't underdressed. Nobody put a gun to your head. And if you're too foolish to do it Well, you're an adult. You figure that you signed it. You chose to do it. You put yourself in that situation. I'm not paying for you. I'm not bailing you out, and there's no such thing as Waving the student loans or forgiving it. There's no such thing as forgiving it. Somebody pays for it doesn't just go away. We pay for it. You and me. We pay for the poor people. The poor people who don't even go to school are gonna pay for the rich people who go to school. This is gonna the actions one of the ones I haven't shared with the It's a regressive tax. It makes the poor folks pay. For stuff they don't even get to finance rich folks. 50 grand, possibly off their tuition. How about that poor folks paying for rich folks to get a free tuition while the poor folks work, work, work and stay poor? That's wonderful. Oh, that's beautiful. Why didn't you go to community College for the first two years and then transfer you could go to a great school. You're gonna expensive school if you want for your last year's and transfer feed you well. Why couldn't you do that? Because of your ego. Well, then, then that's your problem on that. Paying for that. When I graduated high school, I went to my dad, Is it okay? I'm ready. Now he goes. Where's the money? I said what he goes. Where's the money? He says. Show me The money was not too long after Jerry Maguire. Basically he didn't have anything to help me with, and I just thought I could go right off to school. I was naive. And so I got my butt handed to me and he said, you're gonna go To community college or get her alone and there you go. So that's what I did. I hated it. I called it high school. That's Trey's. I said it was in the poison Ivy League. Um Went to community College for extras, the three year plan and then when I went away from my last two years, I worked my butt off and did very, very, very well better than I ever did in my life. My G P A. And it was because I was mature and was paying for those last two years ended up getting out in a year and a half actually, and getting straight A's never did that before. Even got a little scholarship money. Paid off my debt in like 10 15 years on, And it wasn't too much of that in borrowed too much because I didn't go to some expensive school. Now look at these parents. You're not gonna believe this..