35 Burst results for "Joe Clark"
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"And that's really what Grant and I are here for us to try to help you understand how to use your capital. The best way to use your money and the best decisions that you can possibly make, So I'm going to set him up here. And if you're if you're paying attention to the show, you're going to go, Joe, You are an idiot and I'm going to go. It worked out. Okay. Right. So here's the deal with social security. The government will write you a check once you reach the age of 62. I manage money well over $650 million at the time That's recording. Right. That's what our team does for people over 1000 families across 31 states. When you spend money out of that account, I get paid less. Makes sense, right? I manage money. The more the money goes down, the less I get paid. The more goes up the market paid right in, general. People. Me, you everyone else likes it when it goes up, not down. Right. So here's the deal. Why in the world Would anybody try to tell you to delay so security? And spend more money out of your account. If they get paid for you to leave money in the account. And the answer is most one. But the bottom line is as fiduciaries grant and I are trained to do what we would do with our own money. If we were in a similar situation and social Security is the is a very, very simple definition of where people get it wrong. The most often Because they don't understand investing taxes and income distribution planning. So I'm writing my book Retirement runway. It's why we're spending so much time on this show talking about it. Where is the best place for me to access money? When why how and for what reason? I'll get off my soapbox but just understand the reason you don't hear what grants. Getting ready to tell you very often is because it's not in Wall Street's best interest. But that's not our job at the Financial Enhancement group. It's to be in your best interest. That's our job, And that's what we're gonna stick to. Alright, Grant Tell me about so security. Absolutely. And Joe really want to spend time on Social Security timing as again like you said with the book as the news article that you and I just co authored And put out this is such an important discussion and I don't know how else we can make it make it known. I mean, this is a this can be for some families anywhere from 500,000 to $1.5 million decision. And yet we want to take it as soon as possible and limit ourselves and so in some families may need to. That's okay. We had the discussion but Social security just so you all understand. Social Security is a is a again a government system is a government pension plan that we've paid into overtime, and I've watched Joe just out of curiosity. How many videos are out there? On YouTube talking about what you are about to talk about. I found two Two videos. And guess who they were. Us. The rest of them are actually out there telling you to take it early. Because the math makes sense. Oftentimes you heard us on the show. Talk about never make a financial decision a distribution, which is your retirement years in a silo, Joe, This isn't a silo. This is an obelisk. Security is an obelisk. People don't put in a silo. It's much bigger. And in the just the math grant. I'm an engineer. I've done the math on this. Have I taken at 62? I'll get all my money back before X Y Z age of If you delay till 70 as you're telling me, I have to live at least 82 I go great. You did the math. Promise me you won't die before you too. Die on times what I call it. You true? I said, Ion times 84 a half. You have to die on time and again in that decision. No, no one knows they're going home. But here's the most important piece of the conversation. Social security. In no 10. People who talked about taking an early have addressed the one topic we focus on most. Taxes. Because when you turn the social Security income on you add income to your 10 40 that limits the ability to do tax planning appropriately. And more importantly, if you take it early, 62 Okay, So my four retirement age of 67. I was getting kicked back eventually. But right now, 67 if you take it at 62 not only to get a 6% income decrease each year. Plus cost of living adjustment. Not only do you get that, but you are restricted an amount of money you can earn because the minute you earn more than I believe it's $18,000 per year. They reduced security by $2 for everyone. It's ridiculous. It's insane there. If if you really and grant summarized this pretty well, if you really need the money If you needed to eat if you needed to be in your house if you needed to sleep, it means you have no other assets. And and if you need to take it, and God bless, that's that's why that system is set up there. But, you know, I always tell people if you think one taxes are not going higher to agree to die on time, which is 84, a half and three. You have no other assets. Right? If you if you have all of those three, you don't think taxes are going higher. You agree to die on time and you have no other assets than take so security anytime you darn well please. It's the largest actuarial pool in the system, and the math will work out other than as Grant said the cola the cost of living allowance. You know, people ask me all the time. What I think is going to change and so security grant kind of hit a little bit. Um Part of it will be most likely for me. It's 67 the baby boom population. You gotta remember born the peak was between 1957 and 1961 that mass of people. Um, walk control and dictate a lot of the politics for a long time, and they vote. Right, so that you're not going to see a lot of change and social security and I was born in 66. So security probably going to change for me for granted, probably will probably should. In all fairness, the cost of living allowance may go away when security was originally created. There was no taxation. But it was also designed for people who died. Life expectancy was death before the benefit kicked in. And it was zero tax and then it went to 50% tax. Now it's now the maximum out of its 85% tax. It'll probably go to 100% tax at some point in time. Cost of living allowances may be taken away. They didn't exist before the seventies. Here's a great idea why don't we take the largest amount of inflation and U. S history and decided to give a cost of living allowance to our largest benefit? Um, brilliant, brilliant on the politicians part, but you know, it's It's the world that we live in, folks. You have to expect and embrace change and understand where it's coming. You've got to have a plan. That is be able to deal with that change. And when we talk about tax diversification when we talk about the three phases of finance the fiduciary focus bracket, bumping the strategies that we use inside of here. There is a reason for that. And those reasons offer us flexibility and I want to go back to something, Joe, you said before as well because when we forget about flexibility, and it's amazing aspect you can add or distribution facing finance. Then we allow the rhetoric to not change. Joe said it perfectly early on everybody. I want you to miss that. Wall Street does not want you to delay so security. Right most financial institutions, if not all of them. The exception of a few don't want you to delay Social Security, the pension programs that come out of some of the largest companies. They give you a increase in increasing your pension benefit. And then when you turn 62 it goes away. Artificially making you think from a real finance. Hope shoot, probably didn't take on Social security so and get the maximum income back everything that we have been taught in finance. Runs counter intuitive to taking self security early. It just does. And but yet And yet people do it all the time. And so it just if you're thinking about social Security, please talk to produce area professional before you make any decisions and, yes, Everything you see online reading books, everything can get from most financial commentary..
Consider This with Big Joe Clark
Wildfires Leave Path of Destruction in California
"Wildfires are tearing through more forest land. The Dixie Fire has exploded to become the third largest wildfire and state history in California bigger than the size of New York City. It's threatening 10,000 homes and the raging river fire has burned at least 2600 acres and 88 structures. Box has met Fin Heat and historic drought have left much of the West vulnerable Americans
Consider This with Big Joe Clark
Cat "Binx" Survives Surfside Condo Collapse, Reunited With Family
"Call a suspect is in custody. A four legged survivors found amidst the rubble of the collapse. Florida condo a cat found wandering around the site by a good Samaritan. He was taken to a rescue group called Kitty Campus, which posted on Facebook photos of the cat. And said that one of the survivors dropped by to see if it was her family's cattle. Little guy named banks Turns out it was him somehow being survived the collapse or
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"We try to curtail and deal with all three of those issues in our office, but primarily the first two Giving you the financial freedom and understanding of how to use your money. And second, the realization that if you don't land a plane on your own, the I r s is going to take the throttle and they're going to land it in their best interest. Not in yours. We will exit We will land the plane. Our job is getting you there to a safe arrival zone in that safe arrival means you have the purchasing power to be able to protect. Retirement that you once dreamed about. See? Here's what I believe. Darren. I believe that everybody deserves the retirement that they earned. I'll say that again. I believe everybody deserves the retirement that they earned. So how do you earn a retirement? Well, you either worked at a place where you could have made more money in many cases, But you chose to make less because the company agreed to provide a pension. Right. There is some top notch scientists in the world that work at places like Eli Lilly and make mechanical engineers. A caterpillar that agreed to be there to get a pension. Right? Um, you know, a lot of places don't have that option and that opportunity anymore, and some of those people could have made a lot more money, but they wouldn't have necessarily had You know that quote unquote guarantee you know of the pension. If they would we make decisions as we're starting out. The retirement that you earned is about having discipline today when you guys are young. Right. You're studying for your C F P. You're working your tail off. You thought that coaching and coaching baseball and and teaching was hard and then you met me, right? It's uh, This is not an easy one more vacation when I think there's a lot more vacation when you're teaching Darren Darren gives me emails at 12 38 at night. Just like I didn't done for years. It's just part of the deal. You know, you take care of families, and that's what we're all about at the financial enhancement group, but it's um it is just part of it. But understanding that people get the retirement that deserve the retirement that they earned. They made the hard decisions. They said, no to things that they could have done. They did the heavy lifting, and then it's our turn to come in and help them get that. But what you deserved If you didn't say folks, retirement is gonna be tough, right? If you're going to try to live on Social Security, retirement is gonna be tougher than it is for people who actually did the hard work along the way. That's never too late. You know, there are things that you need to do to get under control. But understand we want to land that plane safely. So we're always going to talk about the fiduciary focus real quick there and what are the four parts of the revolutionary Focus starts with risk and volatility risk of volatility, which I equate in the book to turbulence. It's the volatility the up and going down to the market next fees and expenses. I call that the fuel fees and expenses are always their fuel cost money. You're going to burn it there. What you want is the best fuel economy that you can, Whether it's your car or your jet engine. It doesn't mean you're going to have no energy, right? Even electric has energy. Absolutely. Third taxes today and tomorrow. That's like buying a plane ticket. If you don't know the prices vary, you don't fly often. Vary by carrier varies by the time it varies by the airport. It varies by just about everything. I do not think that taxes are consistent, Do not buy into that They are anything but it is a very, very moving target. And you need to understand what drives it and last but not least real return real return, which means we're getting something in return. Plus whatever the inflation rate is, when I talk about a cell phone safe, a safe arrival your plane landing as it needs to land That means pure and simply That the dollar that you saved is able to provide the purchase purchasing power.
Consider This with Big Joe Clark
FDA panel endorses Johnson & Johnson's COVID-19 vaccine
"A new weapon to the arsenal in the fight to defeat the coronavirus after a Food and Drug Administration advisory panel announced Friday, they endorsed Johnson and Johnson's Corona virus vaccine. President Biden announced during a visit in Texas when he was every conceivable way to expand manufacturing of the vaccine, the third vaccine to make even more rapid progress to getting shots and people's arms. The FDA is expected to follow the advice of the panel and grant emergency use authorization even though approval hasn't been given yet. Governors from Florida, New Jersey another state say they're ready to distribute
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Program. I'm your host, Joe Clark. And I'm Daryn Hardisty. Happy to have you along. Hey, you know I grew up in was born in the late sixties. So I got to experience late sixties mid sixties whose line? Um, I got to experience This rise of inflation, the gas lines that we had, you know, some of the crazy stuff that was going on. I got to watch this peak of inflation, which was actually 1980. The average 30 year mortgage in the United States that your pop quiz for the day. What was what was the average 30 year Mortgage Darren in 1980 think was wrong. 17% 18% pretty clothes on. I'll give you some credit Ronald Reagan and just taken office we actually had an engineer who had 22% was his 30 year mortgage rate. On and in Indianapolis. Know why, Darren Buddy? Your math guy, right? Your former math teacher. Why in the world do you suppose anybody would pay 22% for a mortgage. Well, I think the world would go crazy. If that was the case today, people wouldn't understand. But I I know that mortgage interest is tax deductible, so that would um possibly be a Some kind of a write off. So when you and Morgan decided to get your house today, right, you did it because you were getting a tax deduction. Absolutely not. Why did you do it? We wanted a home to live in. Well, why? So that we could raise our family. So you had three little kids, and you needed a place to put them to sleep right? And that's what mommies and daddies do right. So there is a big believer that The average consumer does stuff based on the interest rates. Right there. They, you know many act. Many economists believe that that is purely the driver. The Federal Reserve used to believe that they could raise interest rates to slow down the economy, like anybody want to slow down, right, but what you have inside of inflation. Write. Anything up to 4.5% is is really deemed okay. Once you go about 4.5 people start to quiver a little bit. You start to hear this word. Hyper inflation, right? You know, which has been a large part of my life, not I am not a conspiracy theorist at all. But I will tell you that I believe inflation is much higher than what you hear in the CPI I It's braced on two things, goods and services, right. I think services are accelerating at a much higher rate than the inflationary rate that we hear. Right and products that you're buying for your kitchen and everywhere else are deflating because we can get them from other. You know, we could get a couch from China, right? I can't have my hair cut in China, right? This the the people who help with the yard. Right. You know any of those services that you have have to be right here. Let's go ahead and and hit this. So what? What is the difference? And if you don't explain this to your kids back at school What is the difference between inflation and deflation? It follows explaining it. I would start with just the value of the dollar. You would say. How much can this dollar by and if you're experiencing a lot of inflation, your dollar just its purchasing power becomes less. It's just not gonna be able to buy as much. As it did before. Where deflation Your dollars. Going to be more valuable is going be able to buy more things than it did before. But there's consequences to both of those things. So why does if that's the case? Was pretty simplistic and accurate Answer. The widest deflation scare the heebie jeebies out of the Federal Reserve. Deflation means that the people who are providing services or goods are going to be making less. They're not gonna be able to stay. Um, you know, the last time we experienced major deflation was in the 19 thirties on we all know, the 19 thirties. You know, the economy just wasn't doing too great. So I think keeping the engine roaring and making sure that people are able to spend their money. People are able to sell their goods and services and make sure that you know, Rick constantly moving up. Is always a good thing. If you start to deflate you make that dollar more valuable than it needs to be. Then that just kind of drags the rest of the economy down with it just because you have too much and then people, you know they can't sell their items to have a profit and only only bad things come from there. Tax revenues. Fall wages tend to fall. Nothing good comes from it. But the biggest thing and I will tell you the federal Reserve. I think his delusionary and their ability to believe they can control the economy, but they certainly try and they have a mandate from Congress to attempt to do so right. They have What they call full employment on appropriate price appreciation, right? And so the belief on in Capitol Hill and in most business schools As if I raised the interest rate higher. By definition, I will slow the economy, right. Um in that might work when you're younger, But it doesn't work. The less debt you have, the less you could care about the interest rate, right? I mean, You know, it's if you're carrying a lot of dead on a credit card, Then you care about this right? But the older you get the less The less that impacts your the decisions that you make. There is no known mechanism to fight deflation. Right when when the cost of items go down By definition, I have more discretionary income. How do you speed me up? You can't put more money in the system. I've already got money. Right there. There is no known and so Now you just kind of sit there. You twiddle your thumbs and you pray, you know, that's that's something is going to drive. Drive you out of this and so You know, that really is the difference in terms of what's going on. You can. You know, we used to say we used to say you can only drop interest rate so far right to zero, And now we have negative rates, you know, So the feat of that kind of well, um, Yeah, well, you know, I've heard of interesting statistic between checking accounts and money market accounts or somewhere around $8 trillion in cash sitting in those accounts right now. Is that going to that much cash on the sidelines, you know, receiving all this stimulus money, All these things that are coming out all of the people who went through 2008 experiencing what it felt like to have that long period of time of, you know of the recession. Um, well, that having a deflationary impact by having that much cash that's not being put into the market actively go into the economy active, you know, The interesting thing is, if you put 30 economist in a room and asking that question, you'd have 37 answers. I mean, they won't even agree with themselves, right? I mean, there. There. There's um There's a lot of reasons to speculate. The answer to that question is both. Yes and no and it it really does come down to who gets the checks, right? So For those of you who have paid attention to the news lately in the marketplace, you've heard a lot about this place called Robin Hood. You know, And what happened is we watched a lot of people open up accounts that happen. Brokerage accounts for the first time in their lives that happen to be identical to the amount of stimulus money they got. Right. And so the money went into our market, pointing out and pretty much arguing that they didn't need the money right. It was going in. It went in tow my world into the investment world. And created some havoc for the record. But there's other people who really, really need it. I mean, we we live in a world and you never Now then you'll hear an economist talk about the difference in The separation of wages right that the rich are getting richer and the poor getting poor. That is perhaps never been so true is right now and and it's because of the wealth index. It's not the income index as much. It's the people who already have assets who are watching a market that's going up, you know, 45% and a quarter on D. Obviously, that doesn't happen all the time that it's been happening. Right. The market even had good returns through 2020 on so you the people who had assets have more. Yeah, right. And people who are starting out have less that by itself creates what should be inflationary pressure, but you've got to get people to want to buy it..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Or educational purposes only and does not take into account the investment objectives or financial situation of any client or perspective client Those seeking information regarding their particular investment needs should contact us or another financial professional. The opinions expressed were current at the date of taping, but her subject to change without notice due to tax all changes. Or market political and economic conditions. The financial Enhancement Group as an SEC registered investment adviser securities offered the World Equity Group eight member F I n R A S I P c Well, Good morning and Welcome back to consider this program. I'm your host, Joe Clark. And I am Darren. Artistic. And for those of you who don't know Darrin is one of our associate advisers. Been with Financial Hansen group for Over a year now and just a wonderful addition. We were very, very fortunate both in 2008 when when the world kind of had a uneconomic collapse, the financial handsomer group figured out how to grow. We did the same thing through the covert virus and 2020 on Darren being one of those key additions to the team and again very, very happy to have you along, So we're talking about opposites attract. And this week we're going to talk about revokable and irrevocable trust so I'm gonna set this up and let Darrin kind of knock them down. So tell me what a Revokable trust is Derek, A Revokable Trust is a trust. That's when it's written or when it's created by the grand Tour. The person who's funding the trust. They're setting it up. So that went about what's funding mean means if you're putting any assets inside of the trust or to be owned by the trust, so So catch onto this guy's because there's a lot of times and we don't see it happen as much as we used to, you know, 25 years ago, but we still see it happened. People have trust and they didn't fund it. They didn't put anything in it right. That's correct. So you've got to trust and you've put stuff in that's called funding. Okay, correct. So once it's funded If it's revokable, which is pretty standard for most people, they set up the trust, and then they expected there's gonna be changes over their lifetime, so they allow themselves to add things in to make changes to add amendments. If needed during their lifetime before somebody or the grand tour has to step down for any reason, and at that point for different reasons that they were to pass away. Or if they were to become mentally incapacitated, or if they're missing cannot be contacted. Then, if the trust becomes what's called irrevocable and get it gets locked down, So let's let's walk through this and understand because a lot of times I people will say when I put stuff in a trust I've lost control. And what? I always want people to understand there, and she really didn't lose. Control it all I call it the hokey pokey. Right then you're not old enough. Probably to remember that the back in Muncie, Indiana to skating rink. You know, we used to go to you Stick your left leg in and, you know, shake it all around the arena. Other Anderson. There we go. I guess you guys did have one and two. That's right. Yeah, but But I mean, that is really the deal. You can put assets in, you can pull them out. Really? What belongs inside of your trust? Is everything that your IRAs For one case things like that. Those air Those air the assets that you really want to fund inside of that trust. The key thing being, as during said, You revoke. Well means it's irrevocable. You can't no longer hokey pokey, right? You cannot make the changes that are there. On this becomes very, very important that you keep the trust up to date. Why you still are mentally with it. Why? You're still capacity Ated, I guess would be the word instead of incapacitated, right? What? You still have your while you still have the ability to make those changes. And to make those decisions. So, Darren, then in the next question, are you required to pay taxes on income producing assets within an irrevocable trust. That depends. Okay, as most things there's never one right answer with it with these things, But it depends if if you are trying to with an irrevocable trust, there are people who have different reasons of state reasons. Typically with it, they'll put Created trust. It's irrevocable on DSA set it in stone. And what that allows them to do is any capital games or any earnings inside of that asset inside of that you're Revokable Trust. It's not counted as income inside of that trust, so they're not Canada's income on your return. Correct, So because of that, it's not producing income, and therefore there's no taxation. That's do because there's nothing that's coming out on. There's nothing is being Earned inside of that trust. So so that is that is partially That that is a fair answer. Now. I wouldn't keep in mind as you guys listen to this and watch it. Darrin and I are not attorneys. We do not play one on radio nor TV. Yes, I want to keep it there. So If you think about it, what happens? There are two types of irrevocable trust. There is my my living trust that Barb and I have that is often called Grant or trust is you used or revokable Trust? Some people still refer to Miss Living Trust. Assuming I'm still here, But I'm unable to make decisions a mentally or physically incapacitated, which happens a lot more, by the way that people just die right. Most of us Move into that period of time. All of the income it's produced inside of that trust. Even though it's here, Revokable still flows through to my 10 40 okay, still comes through and it's and it's still all done. Once I'm dead if it's in an area vocal trust Any income that is not distributed to the beneficiaries gets taxed at the trust level, so there is still taxation. It's just not going to my 10 40. So what You see many times or in the time that you've been here a special needs trust where you've got a beneficiary. That either you know is has got an illness of some nature or has got a challenge. Many times. It's people that you've got to keep away from gambling or alcohol or hurting themselves or there's marital problems. In those cases, those air revokable trust are created where you're trying to retain some of the income. It's in it that you don't want too much because again, it's taxed at the trust level. So again, you could have an irrevocable trust that's tax to the grand tour. Just because I'm mentally incapacitated or physically incapacitated, still flows through to my 10 40. Or I'm actually dead. Now it has its own tax return, and you still have capital gains tax. You still have all of that other, but it's if it's distributed and you're the beneficiary, Darrin. It's going to go to your 10 40, right? It's and it's critical that it's critical in your planning that you understand that so when the money or the assets are distributed, But if everyone is free stuff annually, and you are you mean in in full and total and full Either way, because I know some trust will say, distribute a certain amount to certain beneficiaries over this time period. Certain time periods. Some it's just all at once is just one mass distribution. Is there a form cave one? Or is that come as a 10 99 to the people receiving that beneficiary? It depends on the asset that Senate Trust is not a partnership, so it's It's not really a K one per se. It is Maura of here's the interest in the capital gains that are attributed to your tax return. Okay? I'm based on the income. That was that was distributed. Gotcha. Right. So you know when you When you look at this planning, it does become very, very complex in terms of how you do it. The type of assets that we would own in a grand tour trust or an irrevocable trust where the owner was still alive. Would be different than what we would have in an irrevocable trust, depending on what the wishes were now, when you when you look at most of the trust that we work with people on When when we talk about the distribution out of the revokable trust over In my case, it tends to be over. I suggest people do it over a 10 year period of time where they have three equal distributions. For the beneficiary, so they have three chances to mess up and you've got twice where it's not with the last two or not marital assets you know, and in most in most situations or most cases and again, not an attorney, not playing one on radio TV. This is just our experience. And what my knowledge base has been the 32 years that I've focused on a state planning in distribution planning. The key thing here, though, is.
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Take the cannoli. No, You can use that as your past race for Netflix as an example. Take up, Kate, take out the spaces. You know that type of thing. So this is this is a great way because it encourages us to come up with something unique and different for each account, and I'll keep those council lots a lot safer than using the same password, even if it's strong. For different accounts. Great point. So how do you spell Luca Brasi swimmer with a fish? She's right. You know, that's good, Margaret in there that wouldn't that wouldn't might not work. I will tell you and I shared this with Jeff before and I don't even know if I told don, but one of the smartest people that I know on the planet. Literally got held hostage. You know, two or 300 different people work on their team. I think 80 or in the and we'll have a computer in front of them, and somebody clicked on a link. And I'm telling you, that Link opened up the world and he had to provide $50,000 in Bitcoin called the FBI, Jeff and the FBI essentially said. You can pay it or not pay it, But there's not anything we can do. They're nowhere near the border and you know, so he had to pay $50,000 to get the system back. You know, it's you always worry, I guess and kidnapping. How do you know you're gonna get the system back? But they did, and $50,000 later because somebody clicked on a link. Yeah, Joe, What you were talking about is a ransomware attack. It's a major problem today. Another epidemic problem. It's affecting businesses in a big way. Where I live in Kansas City, Believe it or not Garment, the GPS company Hi tech company. Was victimized by Ransomware attack and publicly announced that they were paying lots of money and ransom to get their systems back. It happens many times when we click in the wrong place. So again remember this rule emails from unknown senders, unsolicited emails from suspicious centers or ones that don't make sense like that Iris email I talked about earlier. Don't click on a link or an attachment in those e mails. Because that could put that software on your computer malware, which could lock it up, forcing you to pay a ransom to get your computer back. Another solution to ransom, where have a good backup and a current backup, bigger system that's kept offline on a hard drive. We're in the cloud or preferably both, so you'll be able to recover from an attack without paying a ransom. I like that idea. Don take that under advisement, buddy. They I will. I do. I do have to tell you this, Jeff, just his full disclosure for 20 years of being on the radio. I've always told people that the iris doesn't make phone calls. Well, we're in a pandemic, and it turns out in 2000 and 20 where you have to expect the unexpected. The Iris is actually making phone calls today. Most of them are for businesses on a tax withholding tax form called 9 41. But they are calling. So you have to be careful. Or you might get.
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Better bundle up 16 and clear on Monument Circle. I'm Shyla Kabbalah. Now Here's what's trending at 603 of its about to feel like a true winter across Indiana, says meteorologist Mike Ryan. With the National Weather Service in Indianapolis. The big takeaway is It's gonna get cold, and it's gonna stay cold, Really? For most of the next 7 to 10 days, he says wind chill values could drop to his Lois 15 below zero at times next week, But that will mostly happen in the overnight hours with such low temperatures expected next week. If you live in India and have an outdoor dog, you're legally required to bring them inside the Indianapolis Marion County or that states that when temperatures fall below 20 degrees, or there is A wind chill. Advisory dogs must be brought into a temperature controlled building. Darcy Kurtz, executive director of Friends of Indianapolis, Dogs outside, she says the temperature controlled building must be kept between 40 and 80 degrees. Sunday. Super Bowl ads will include one from the Indiana State Department of Health, promoting the Corona virus vaccine and reminding you to mask up. Eric Berman reports. The ad will run during one of the game's local absolutes. It maintains the football theme by highlighting former North Central High School football coach and athletic director Paul Logan. Logan died of covered 1910 months ago. Rick Berman 93 They'll ui VC Mobile news. It's 604. Here's your forecast from the American Standard Heating Weather Center. Partly cloudy skies tonight it's gonna be cold, with those falling to 15 on Saturday partly cloudy skies with snow developing a later in the afternoon and evening highs near 26. I'm wish TV start tracking meteorologist Terra Hastings for 93 wi D. C. And I'm shy. Look, Apollon on the level of it's a holiday weekend this weekend and every weekend at Lowe's with big savings on appliances, organize and store all your family's favorite foods and save $600 on an algae. Ultra large capacity four door French door refrigerator Now 15 99 Plus asked for 12 months special financing for qualifying appliance purchases when you use your Lowe's advantage card credit offer valid through to 24 subject to credit approval. Minimum purchase in monthly payments required offer valid to four through 2 24 C store. Carlos dot com For details US only on the go and on Wi be si dot com as a certified financial planner, former professor at Purdue University and with 31 years of experience.
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"The best word to use this, but we We tend to look at money that's in in one hand and money. That's another hand and we try to allocate both uniformly. Him. That's not really what you want to do. You wanna You wanna look at it as as one system as one team? On come up with the best allocation you can You talked about looking out the window. What about people who are always looking out the window And let's say they're bothered by are scared of volatility. They're scared. It's an election year. Whatever. What happens to the people who try toe put too much in the cash side of things? They die. Well, everyone dies. But in their portfolio be an ugly death. Um, no, no, I'm serious. And unless you want to die in the next 36 months You're going to experience something that we've not seen since Angie and I were kids and you know, inflation started to take off and 7 to 73 74 peaked in 1980. Um, went down under Paul Volcker is the is the Federal Reserve chairman. Um, when Reagan was in office, but we've never. We've never seen inflation rates like this, and so inflation has its own. Has its own issues, right. So when inflation rises, typically, you see in interest rates rise. Now, Angie. Neither of you Neither you nor I are politicians. I tried, but I said no. Do you think there's anybody in Washington who wants higher interest rates? Yeah. Right, so their viewpoint is going to be to keep inflation rates as low as they possibly can. What you need to understand as somebody listening to the show is that Flay Shin is really divided between goods and services. The majority of you and I hope there's a lot of young people out here listening. I really, really do. Um, between Jordy of you are probably closer to my age than my daughter's age. And there's a good chance you and I spend more money on services than we do goods. And the bottom line is we can't outsource our haircuts. We can outsource the people mowing our yards or taking care of our roofs, Water heaters, plumbing or anything else. My point is that the inflation factor for service is much greater than it is for goods. And Washington is going to do everything they can in their power to conceal that. Basic fact because they don't want to raise yourself security payment. They don't want to raise interest rates. On. So you're going to hear about an arbitrarily low inflation rate in my opinion. However, has a follow up question and retirement. What is the right mix of pretax in post tax in your retirement funds and doesn't make a difference if one account like the 401 K has the most pretax So so the goal Barbara and again thank you for the question. Appreciate your participation than the The goal is to be nimble, right? We're talking about the big game. That's the theme for the show this week, Right? You want to be nimble If if somebody's gonna somebody's going to run a A full on slot. You know what? Let's just attack the offensive line and see what happens right or if they're going to stand back into secondary. We want to be prepared for whatever that is. And so the ideal objective, in my opinion is to be one third one third, one third one third tax deferred one third tax free that should Roth money. And one third that you've already paid taxes on Now, In a perfect world, you pay taxes on all of it. All right. That doesn't usually happen for most of us is savers. But that's that's the match that you want. And then, when the DAX when the tax codes dealt with you, you think about it is a football player. Right? Somebody's dryness sweep somebody's doing. Ah! Ah, quarterback sneak somebody's running off the three hole. You're able to pull money out. Based on your particular situation at that time. Based on what the tax code happens to be. Quickly quickly. Is the radio return. Always the number one thing you should focus on. Rate of return matters More than what you think, Einstein said on his deathbed. Allegedly, I wouldn't there that I'm not sure what the seven kinds of the seven wonders of the world are. But the eighth is clearly compound interest. It is hard to trump compound interest. It really, really is. There's a reason that the financial Enhancement Group we focus on the journey. Where we sit down with people and we say, Hey, when you came in here is what your average returns Ben. It's great to talk about last year, man. What a phenomenal year we had. It's great to talk about that and in even 2000 and 19 great to talk about that. But at the end of the day, what has been your journey since you've been here? And what should you expect? And don't ever confuse that with the amount that you can withdraw by the way during distribution, and that's a whole nother story. Um, but I think that's a critical part and in a very important lesson to understand, So hey, you're listen to consider this program. I am your host, Joe Clark, along with Angie Cancer. Give Angie a call 809 284001. You signed up for your next steps, meeting till he cat self inflicted.
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"They've served me Let them serve you, ef Marburger find flooring Good morning and welcome back to consider this program. I'm your host, Joe Clark And I'm Angie Kinzer. Angie thinks that we're gonna talk about the investment playbook. Yeah. Her asset allocation. I mean, the age old. It's like the playbook better. The idea. Love that name. Especially since we're talking about the big game. Yes, yes. And you have your Kansas City Chiefs shirt and my home's played well, I will. I mean He always plays. Well, there was a phenomenal I don't think anybody could beat him, but that's beside the point. Yeah, I agree. I agree. So let's just start real basic. I mean, what is asset allocation? I mean, So it depends how you How deep you want to go with that conversation. Right. So you know when somebody walks into my kitchen, and they asked him how I'm making something there's some people I answer. There's some people that kind of Just give. Ah, I'm gonna put some spaghetti sauce and yes, right. Um Right. So when you when you think about our set allocation, the first the big Three topics Cash. Bonds and stocks. Right? For each one of those. We could spend the next six hours talking about Let's don't do that. That's not do that. So Aziz you asked this question. Right? So every now and then people will walk into it. And here's one of the dangers of life. And I tell the families that we take care of this every week. Um What? We're taught as C F P s. What? I was taught as a professor Purdue University. What? I'm Hot as a securities license individual That bonds are safer than stocks. Now. What does that mean? Angie when I say something safer, what does it mean less risk? What's that mean? Well, you I guess for the money you put in, it might remain safer in a bond, then it would in a stock because of stocks more volatile. Um, sounds good on paper. Totally wrong. Okay, well, I'm just winging it here. So if you run If you run a screen, Okay? Since we're talking about the ball, right, And you know what a screenplay Yes. And not everybody does. So I apologize. But you're running a screenplay. You might get more or less yards. Then if you ran something in the three hole Right where you're going off the tackle between the guard. Okay, Right where you're only trying to pick up one or two yards, right? You're trying to really 31 discourage? No, not necessarily. You're trying to discourage the Safeties and secondary from getting too loose. Right is your ended up the gut. Right, Um But you have a you have less probability of Of range. When you're doing that, then you do when you're running a sweep. Makes sense. Yep. So when when people talk about risk in the portfolio risk, really is the variance of getting What you expect. And that's the that's the best way to understand it. So when somebody says a bond is safer than a stock It typically means or should mean that the volatility or the the possible extent of what they might get. Is less than a bond than it is in stock right now. We also have to look at where we are in an economy and if you haven't looked out Window here lately. Let me inform you were in the middle of a pandemic. A mere 10. Years ago, we put we pumped a few trillion dollars in the economy in a program called Q E. And we just did it again. So there's an awful lot of money that is floating around inside of this world. And I think one of the biggest mistakes that people make is to presume that what we have today is the same that we had yesterday. Without understanding the amount of change that's taken place in the meantime. Hey, we got a question from Barbara in Muncie. Should my 401 k account have the same investments as my investment portfolio. It would depend on. Thanks. Thanks for the question, Barbara. Um, one. It would depend on the amount of what you had, right? So I think people tend to look a tax treatment. As one thing. And secondly, the thea amount of money they have. So look at what your overall wealth is. That would be one To look at the tax treatment. How much is after tax? How much is tax deferred? How much is in Roth? Remember, you really want all three of you can And then the third. Used to try to figure out What the best tax application is for each of those So I always teach people when they're younger to look at your 401 K and go OK, what is my best option inside of my 41 K. Does. It could be fixed income if you're in the federal government there. I mean the It's unconscious, a ball that the the fixed income fund that the federal government has. Nobody else has it. Nobody else can get it. S o. If you had $250,000 that was inside of your 41 K and 250,000. That was out and we wanted 50% of your money inside a fixed income. It would all be your 41 K because The TSP has a Fixed income fund that just nobody could be, um, that's typically not what happens for most people, so we would look at it and we would divide it and say, OK, you know where my limited in terms of my investment assets and that would be your 41 K. Typically, it's where you have the most. Reduced opportunity. And you look at it and you go. Okay. This is S O. The small cap fund here is better than than anything else I have or the S and P 500 is here, and it's the least amount of fees and expenses. So you utilize that asset and then you use the rest of your money in somewhere else. I think the biggest mistake that we try to make is we allocate money. Um Mm..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Not take into account the investment objectives or financial situation of any client or perspective client Those seeking information regarding their particular investment needs should contact us or another financial professional. The opinions expressed were current at the date of taping, but her subject to change without notice due to tax all changes. Or market political and economic conditions. Good morning and welcome back to consider this program. I'm your host, Joe Clark. And I mean chickens are happy to have you along. We are talking tax. Yeah. And the I R s and draw a penalty flags, none of which I like I really appreciated the last game. We watched by the way there were only three. I think three penalties or four penalties going into the fourth quarter. That was pretty cool. But the iris the iris can be a tough opponent when it comes to imposing these penalties, So I do have some specific Penhall. So let's stop tough up. Got to see this tough opponent. Yes, um And and this is an important part of this venture that we have the conversation that we have, if you will, right, so there are flags that can get thrown that can't be challenged. For those of you that are football people right? There are there are plays that can be challenged. Like all all touchdown, so reviewed if you will, so there's some things that can be challenged in some things that cannot And that is part of where Angie's heading with this discussion, I think, yes, we've got some specific penalties to talk about. But I did have a question that I brought in today from a viewer because I know many of the families. We take care of 10 to be hesitant, you know, to use funds from their retirement savings, but Millions of Americans tapped into their 401 K and IRA balances to access emergency cash amid the cove ID pandemic as allowed under the cares act. Now as tax time approaches, what decisions have to be made about those withdrawals? So there's there's a few of them. The first one is. Do you want to put the money back? Right? If you want to put the money back, you can That's a good one. If you can afford it. The second one is you're gonna pay the taxes either this year well last year. Over or over a three year period of time. Right. So one of the We had this conversation earlier, weren't Oh, you weren't on that call. Um I've zoomed all day long. So I apologize. But it understanding the United States tax code is a little difficult because you've got a progressive system. You've got a Syriza of stair steps where the more income you make the higher your tax rate is going to be So you have an average right? So if we look at Angie's massive salary, and we divide it Equally, you've got an effective tax rate. But if we look at last dollar that's taxed. That's what we call your marginal rate. Right. So when CPS do tax returns, they always show you your effective and effective matters. Don't don't misunderstand. But when it comes to financial planning, your marginal rate really is what is critical because the decisions you make are going to be made at that rate. So let's say something happened to your job last year, and you only worked three months instead of 12 months or you worked 70 hours of overtime every week because you were in health care. Right, Um, your rate your marginal rate could be higher or lower and how you want to treat that distribution could very easily change based on What your financial condition was for the year. So when you're when you look at How to take care of money. Right. I think one of the biggest mistakes people make is to think that it's all about investments. It's not just about investments, investments go up and down. Right. It it really is. What rolls through your tax return. Talking about some specific penalties. What's the penalty to withdrawal from your retirement account? I mean, before you reach 59 a half. So this gift, this becomes complex because people Including a previous president that we had, where from the podium, he said that I raise and retirement plans. They're not the same. Hey, put them together because I think people presumed that they're together. I raise haven't entirely different tax code different creditor protection, different bankruptcy protection. Then qualified plans like 41 Case Most four or three B's on 4 57 plans have So if you happen to retire as a teacher Or a doctor from a qualified 403 beef lamb. Or 41 K plan. I should say you can actually get money at 55. Not 59 a half if you Don't go to another job where you're making a lot more money, right? So you're allowed to have a little bit of income like a paper route. I did one of those, um Indeed, Tassel Corn did that to you just can't make a lot of money. Right? So it's a It's a minimal amount. But if you're truly going to separate service and not have a Um, a big big girl job or big boy job. Even you actually get money out of the 41 k at 55, not 59 A half Still taxable just means you have no federal penalty. S o very often when somebody comes into us to come to see us, and we sit down, have their next steps meeting and we're looking at their lives right? Most of the time. People are gonna want out of the 41 K because you typically have better. Or at least Maurin vestment options. In our case, the fees and expenses are typically equal to or less than what they had in the 41 k. Not always true, you know, So you have to really be careful for with that. But what will happen as we will leave some money inside of the 41 K and we'll move the rest of the money to an IRA so that we have the investment authority to do what it is. We do. But we still have access to income in case they need it. Well, if you don't qualify for the 55, you have to be 59 a half to withdraw, visit 10%, or what is the penalty. It's full taxation again. We talked about the marginal income bracket, right, So it's gonna be Whatever your last dollar was taxed at there is no there is no capital gains tax ation, short term, long term or anything else that comes out of there is no what we call preferential tax treatment. That comes out of an IRA or 41 K or four or three B. S so you've got a 10% penalty If you're over 59 a half plus full taxation on whatever the withdrawal man is. Okay, So what about.
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"How can you have a life expectancy of minority death? Right, but that's the way that worked right. That's all gone. Every bit of that is gone. And we continue to see trust documents come into our office where people have this. It's written that says You're going to take it out based on these parameters, folks. This is a nightmare. This is not what you want to leave your beneficiaries. It's not what you want in you're planning. You need a different thing, And it's the reason why I am licensed to be a trustee. I want to be able to help people with this. We are corporate trustees. You could name the financial Enhancement group. If we accept that liability, and that responsibility, both That we can do that. So go back to you. Yeah, and kind of continue on that same vein, Joe going back to the big change with the secure act. We now have a limited distribution schedule. We have 10 years. So rmds. On a generational transfer of deferred wealth. Almost essentially doesn't exist. Could you could take it all in one year? Over a period of five years, or all in a year over year 10 Year period. It just has to come out by the 10th year after year day. Death has to be empty, whether the and that's true whether it's a Roth or whether it's a tax deferred account. And so you've got to be very, very careful to make sure that the The thought process here is solid. One question. Do you like I do want to bring up with this as well? Because we often see confusion Here is everyone for the most part, understands that armed these are required for traditional IRAs traditional foreign case. But there is a requirement distribute. You should component for rough, but it's in a Roth for one. K can't walk people through either. Yeah, inside of a 41 K. If you leave the money inside of the 41 K, which is to a large degree, this is a material if If somebody has a 41 K and dies, the administrator's going to force you to move the money to Iraq. Fire a 1999% of the time because they don't want to pay. For the administration of a 41 K for a deceased person. But if you're still alive, and you've got a Roth for one, K, you're going to take your required minimum distribution out of the Roth component. You're much better to move that to a self directed IRA, where you have no required minimum distributions. Remember, Roth is a tax code. Right? Roth merely says I'm going to pay taxes on the deposit so that I don't have to pay taxes on the distribution, including any growth that occurred on it. That can be inside of a defined contribution plan. Like a 41 care of four. Through me, it could be inside of an IRA. But what you don't want his have to take money out the whole purpose. The whole reason that we walk people through that process of understanding how to accumulate money correctly, when when we talk about tax diversification. Is to be able to give you options. We don't know what the tax code is gonna be. I mean, you know, this week we're gonna have a new president. Um, we have no idea what the new tax code is gonna look like. What I want to make sure is that you have options. To be able to deploy. Your resource is Effectively. There you go. Hey, you listen to consider this. I am your host Joe Clark. Grant Sullivan sticking in with us tonight. Aaron is on the moderator, if you will to be able to answer your questions. If you're watching this live streaming, here's the deal, folks. We're offering you a complimentary visit to be able to come in and see Grant or Aaron or anybody on our team. 90 minutes long. We're gonna walk through the five critical elements that we think have the most financial impact on your life And we're gonna give you things to consider today. Things you're gonna want to consider in your future, And if we choose to partner together, we'll give you things that Will do for you and we'll put it in writing. 809 284001 here. The news inauguration of the 46th, president of the United States, closely divided Senate closely divided House and a presidential candidate who said he'd represent everyone here online and total Lexa peaceful transfer of power unity. Another update just minutes away. It is my greatest honor and privilege to a venue president. The best is yet to come. 90..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Sinje plasticky is the solution for you called 3175 to 8 96 53 175 to 8. 96 50. That's 3175 to 8 96 50. Well, good morning and welcome back to consider this program. I'm your host, Joe Clark and I'm anti cancer. And Angie, Why don't you tell us again? What we're talking about? I said home is where the heart is. Hey, let's stop. Let's stop to think about that home is where the heart is it for the minute for how long? Um, for the time being, for the time where your heart is where you are physical, you know that's how but when it comes to state taxes and legal matters home is where your domicile it's you go. One of the most confusing Parts of of of understanding the 2017 tax code changed became effective in 2018. Was what was called the salt tax change. So when the When you look at standard deductions, they pretty much doubled for most people in one year, But you lost a lot of the exemptions and your state and local and property tax. Was limited to a $10,000 deduction. Which led a lot of people in the higher tax states to effectively move and become snowbirds. Permanently right. Goldman Sachs is opening an office in Florida. I think Tesla was one of them that's moving to Texas. We know one of our investment firms that we use moved to Austin as well. Um Charles Schwab is moving toe. I think it's Austin as well. But it Zen in Texas, and all of this to a large degree is being driven by salt tax. So when you look at the states that had the largest amount of of people leaving the state shouldn't surprise you. Jersey, New York, Chicago and I believe California made the list, though they're not as high as the other three. So there's a difference between domicile and residents. Yeah, people will say, And in my opinion, it's mistakenly so I have a CP. A friend Charlie Sorrow. What's in Brooklyn, who's the biggest part of his practice is helping high $100 million net worth people of billionaires. Change their domicile. And so you'll hear people say. Well, you've got to be in that other state for six months out of the year, and you've got to have your voter registration. You gotta have utility bills. You know, I did that. That, um Charlie would tell you it's not as simple as that. I am not here to provide legal advice on TV or radio. I would tell you to get with somebody who's willing to sign your tax return. To say this is what you need to do, but they literally it Z. They call it a bump and run. You have to be in Florida. One of the things if you're if that's going to be your state a certain number of days we'll touch down the G six like the multi million dollar plane coming down out of the air, touching the runway and going right back up in the air. If you've ever been on the Florida and see that It was not an accident about to happen. That was the touchdown. The bump and run on that counts is a day that they have to have. So the number of days that you spend their does matter now. You know my life Pre 2020. Yeah, I didn't spend six months in any state. Right? I mean, you get Arizona, Utah, You know, places I have to go for business. So it's not maintaining your domicile is not his difficulties changing your domicile. Right. So if somebody's in, let's think about in in Chicago or Minneapolis, right, and they're making, you know, 150 or $200,000 a year and paying 20 to $25,000 here in state tax And all of a sudden they're moving to Florida or Texas because I get with that 25 grand in their back pocket. It doesn't make the state of Minnesota in the state of Illinois. Very happy people, right? And so you're having more people challenge. This is my point. Well, I know there's some statutory like resident rules. But if you maintain a second home in another state that you're spending excessive time at I mean, could it trigger residency status or Well, there's no state, So you got to think about it this way. There's no state that doesn't want you. Other an exception of Wyoming. I always thought that was hilarious. We We were there many, many years ago, and there was a science that thanks for visiting and thank you for leaving. You know, they did not want a population boom. But they didn't mind travelers coming in and spend the money on their restaurants and And the other stuff that's going on there. A state's not going to kick you out because you haven't shown up. As long as you're paying taxes there, right. We're states seemed to get feisty. Is when you say, Well, I spent nine months in Florida. Therefore, my domiciles Florida and they're going non doesn't work like that, right? I mean, the financial enhancement groups got families and 31 states that we take care of. We have We employs in Florida to that work out of their house right? In Florida law, both of those houses have to be booked as businesses on do. I have to pay a fee for their them to be in their houses where you don't have to be here in Indiana? So my point being when you hear something is free and one place it's because they make it up somewhere else, right? All states have to have revenue. They don't let you come just because it's free. So what You really want to do short of saying I want to live in Jacksonville, which is where one of the guys lives short of that. What you're really trying and attempting to do is to say okay, based on the type of income that I have And when I say type, I mean source Is it IRA? Is that the sale of a business ISAT inheritance? Is it continuing income from farm ground? You know what type of income is it? And what state would best fit my residency who provide me the best tax opportunity If you're looking at a purely from a tax standpoint. Hey, we have a listener that has a question is hard to prove. Domicile. How would the iris know if you didn't actually meet the requirements? If you were, if you're an average American It's not the IRS. Keep in mind. It's a state that cares. The iris didn't caricaturing a fire. I'll file a federal 10 40, right..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"I'm your host, Joe Clark. And I'm Angie Cans. Happy to have you along. We're talking snowbirds. You know, we're here in the middle of I guess the winter if you will, and good old good old Indiana's where we're coming to you from and we talk a little about snowbirds in Indiana, but they're not quite as prevalent hears. They are in other places. So where were the most of the snowbirds come from? And about 60% of snowbirds, which will go back and talk about who makes up a snowbird or what is a snowbird. I don't like being profiled 60% come from Canada. 60% come from in Canada. 60% come from Canada, and it used to be higher used to be 80%. We now have Michigan, New York and Ohio, making up the next three states. Who tend to either go, whether it's Florida or Arizona. Those are the top two places, but they tend to migrate South, also to Vegas. You know they're going to Nevada, Um, in Texas is the is another one of the bigger ones that air that are out there. We have families and all those places but Vegas Yeah, that we take care of. All right, So go ahead. What is what is a snowbird? What they typically look like Well, I would say there are baby boomer number about now because it says the they're usually between the ages of 55 75. Well educated, financially secure their active and they have a solid foundation for the Snowbird lifestyle. We've talked about this. There are people practicing snow burning now. Because they're allowed to work from home, You know, So we've got two people I know that work it lily that aren't allowed to go to the office one at Salesforce That's not allowed to go that are residing in the good state of Florida right now, working from condos that they've rented From snowbirds that probably didn't show up. Yeah. I mean the thing with Canada. They had two things working against him. One the borders were closed because of the virus. They were scared to death to get anyone into the United States. So they closed the borders. Those who carry the big Campers down south and and drive could not leave. But the other thing is is because they're from out of state or out of the country instead of just out of state. They were required to buy a second life and medical insurance policy like secondary insurance, which usually isn't that much and they do it every year, but because of the virus it more than tripled the price of that supplemental insurance that they have to carry. So they were afraid they would get down here, catch the virus, and it wouldn't be covered. S o. It just know so one of the things we try to remind people on the show is that remember when you hear something permanent, it means they just haven't voted to change it. Yet. When here it's sunset. It means they have to vote to keep it. So, with all the things that are going on, politically, we'll know more. By the time you hear this show if you're listening to it on a podcast. We're on W A. B C on Saturday morning. We'll know more. But for right now, the one thing I need you to always keep in mind is tax policy is social policy. So when we go back, and we think about what we learned in the last segment, where It's 2.5 times your payroll unless you happen to be in food and beverage, and then it's 3.5 times. This is the deal in the new P P p to loan one of the things that changed and I don't ever remember this, Angie, it could have been years and years ago. On guy can't room and I think it probably was. I just don't remember it because I didn't have a lot of business dinners, right? I mean, I was eating Big Macs trying to figure out how to stay alive, not taking people to dinner, right? But we got to the point where a business dinner was 50% off. Right. Then we got to a point last year for 2020, where zero of it was off and suddenly in 2021 100% of its deductible. So if I took and I did, taking Indian Amanda Toe lunch the other day in 2020, 2020 0 of that would have been deductible. And today 100% of that's deductible simply because they're trying to encourage people to go back into restaurants and spend money and to try to rebuild those habits. So what you need to take away from this is all tax policy is social policy and that things change We had a young gentleman intern and this afternoon in the office who was talking about 5 29 plans and thought he was doing it right? Because he was putting the money, infidelity. I explained to him. No, no, no. That's got to go to college choice. If you're if you're in Indiana resident that's going to take us into the next part of this. Is. Where is your domicile? It's not where you sleep right? It's where you pay taxes and how that's controlled. But if you're gonna get that state tax credit, it's got to go to the Indiana College choice. This is the easiest website I've ever seen in our life. You do not need us to help you with college choice. They make me charge A commission if we go through if you go through us to get it. That is ridiculous. We don't sell things. We don't want commission. Just go to Indiana College choice. But if you've got somebody is going to use higher education, consider starting one of those plants. Now. Here's my caveat. Things change all tax policy is social policy, and I truly believe There are probably fewer enter into industries that are going to beam or disinter, mediated or changed long term than higher education. End of rant. We go back to snowbirds. Well, I mean, just to give you an idea. Arizona's reporting that normally they have $1.9 billion spent during those winter months. And as of right now they're predicting 752 million. So it's down about 60%, which is awful on their economy. That is a bundle. Yeah, it is. So I know that there are some expenses that Stay. You know you have your maintenance on your home and things like that done it also, That really depends. If you own a secondary home or or whether you're doing the right thing, And this is where it gets into those bad habits that You know, I've said this before about my church right there when the churches were closed, right? I think there are a lot of people who are finding new things to do on Saturday on Sunday mornings, right there a couple times I golfed. I mean, we You know I could wash it online at a later time. Why not go out with my friends and golf? And you begin to build those habits. You know that are hard to break when you finally do get back to being able to be around people so bad diets. I mean, you we've already talked about and sad as it is the number of suicides, alcoholism. You know some of the things they're taken place. We don't even have to go into binge watching. I think that's mandatory in any house. It has Netflix, right. I mean, it's It's just It's just one of those things that's happened..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Not take into account the investment objectives or financial situation of any client or perspective client Those seeking information regarding their particular investment needs should contact us or another financial professional. The opinions expressed were current at the date of taping, but her subject to change without notice due to tax law changes or market political and economic conditions. Well, good morning and welcome to get sort of this program. I am your host Joe Clark, along with special guests. Special. Er, There you go. Brett Spangler c p a A big part of our team at the financial Enhancement group. Lot is going on in Washington, P p p loans and other things. And we had three emails that came in today. We want to respond for you. So, Brett, go ahead and give us the breakdown and that of what you think we need to know. And then if you need to get ahold of bread and ask more questions again, it's 809 284001. Brett, you're on. Well, thanks, Joe. Uh, well as a lot of people may have heard by now they Congress passed the coronavirus response in relief approach, a portion in act and on December 27th. The S P A. And U. S Treasury Department issued interim final guidance on about 10 o'clock on January 6, So we've got some new rules and Stimulus and also p p p. The biggest news I think everybody was anxiously anticipating was the fact was when the underlying expenses that you used for the MPP loans going going to be deductible that, uh, Iris issued guidance and may that kind of sent shock waves through with a lot of business owner saying that they were not deductible. Longer said fully intended for them to be deductible, so they had to have finally agree in fix that. Patch the tax codes. So now it is deductible. It is deductible. So that's that was the big angst. Everybody was having whether they were gonna have to pay, not deduct those expenses, which wouldn't would essentially make the fact the P p p alone. Taxable, which safe Explicitly said it wasn't so. Cool, so that's one That's one. And so they have pee Pee. Pee, too, are the second draw on that's for businesses that have been at least a 25% decline, either between 2020 and 2019, either quarter over quarter. So if your second quarter 2020 grocery ever knew Just 25% less than it was in the second quarter. 2019 you're eligible or any of the other four quarters and then in the interim guidance, they said, You can also look at an annual basis to to make it easier if you just down 25%. Year over year. You're eligible, same calculation as before. It's your average monthly payroll times. 2.5 is what is the eligible loan amount? They did make a special provisions for restaurants, motels, hotels and other food businesses. They can They get 3.5 times their average monthly salary. So toe health out restaurants in food business is a little bit. They added that in Couple, you know they that it's the deadline for applying is March 31st. So I would assume a lot of the conventional wisdom is that the money will be run out before we get the deadline. So lot of people are asking questions. They can make sure they get their spot place in line. The I think the big rollout that for the most banks is gonna be sometime next week. I heard from one banker that I think it could be Tuesday. This week, the P P p was available but on a limited basis to certain targeted community banks in low income areas and so forth, But The, uh the major rollout, I think happens next week, so we're still waiting on most of this. So most of this was for business owners and very important for our economy, obviously and for people with retirement accounts, but what what's going on specifically for individuals for workers? The biggest thing I think people have already seen are are asking questions about the $600 stimulus. Uh, payment for each individual and each qualifying child. That that's for incomes starts phasing out at 75,000 for single on 150,000 for very filing joint adjusted gross income, so Um Most people who have who got that the first time around. Should have already received the payment by now. You can check on Iris thought Gather. They do have Ah, place on their website. Recon Check if you haven't gotten your stimulus Name it, Uh, check on that Now. One thing to note is that that's actually an advance on a 2020 tax credits. So don't worry if you didn't get it, there's still the opportunity when you file your 2020 tax return if you are eligible, so Have had that question. Come up quite a bit so Yeah, And that credit thing is very confusing to people. Yeah. So it's a It's a stimulus payment. It's a it's a credit, but it's not. There's no, There's no repayment and it's not taxable. So I have had to get those questions a lot. So What they did when they sent out the advance because they want to get the money in the economy. They looked at your either 2018 or 2019 tax return. So if your income was lower in those years, and you actually got a credit, but when you file your 2020 tax return and your incomes higher, you don't have to pay it back even though you don't qualify anymore, so There's a lot of people that have passed that question. There's no repayment requirements and no and it's not taxable. So those were the two biggest Um, questions I get So people ask, And I know I'm going to hear this. How in the world that we go through 5500 pages so quickly, And this is why it takes a team. There's 29 people that are in our firm that Aaron an army, Bretton, I both actually along with Ben Smith, that he step doctor and company here in the Anderson and Munsey. We all three red the 1097 pages. They came out at the end of 2017. In this case, What happens is we find people who can do the best webinars provide the best education and then we send our tax savvy minds to watch the webinars toe kind of get the cliff notes to be able to put it into English for you. So that you know what to do what we're find, and there's such a speed. We're finding confusion from the bankers, The banks some CPS, so we really use bread to your advantage. If you've got a question on this. Just give us a call at 809 284001. He's more than happy to be able to help you with it and it But it's some of the stuff is timely, like March 31st. And I know there was a date Brett that people had to have their stuff filed if they want to have the $600 auto deposited into their checking account..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"There we are virtual ready and limited situations were able to even come in with the planning team to be able to meet with people face to face where that's necessary. Get 809 284001. I hope you found that helpful again. If you want more, you confined it streaming on our page later on. Fox News. I'm Karen McCue. House. Democrats say they may vote to impeach the president next week. House Speaker Nancy Pelosi is called for President Trump to resign or the vice president and Cabinet to remove him from office by way of the 25th amendment. Failing that, she says there is support within the House Democratic Caucus for an article of impeachment. Of House Republican Kevin McCarthy says impeaching the president with days left in his term will only divide the country. More boxes. Jared Helper, and this House Republican offers a word of caution to those GOP senators eager to jump on the impeachment bandwagon, and I think that senators who take a position against the sitting president will likely face very difficult political circumstances in their own primaries. In calendar year. 2022, Florida representative Matt Gates on Fox Democrats are accusing the president of inciting his supporters to riot Wednesday and storm the capital. America is What's now war with the virus. It was a rigged election. The Iranian nuclear program. What's next? Vaccines are being delivered. Covert 19 relieves all these legal battles German control the sand get through the holiday season. What's history to get to this historic outcome? It's what's happening here here at the top and bottom of the hour. Fax matter..
KQED Radio
"joe clark" Discussed on KQED Radio
"You don't have a dad. That's fine. That's what made him like a father figure. Wow, a father figure. In a place that maybe sometimes it was hard to find Father figures. Definitely. And Mr Clarke, I believe knew that you know, when he came to school, he came knowing that he had to impart into those who did not have their fathers and you know, some didn't even have their mothers, but he always stood firm. Has stood in a gap for whoever was missing. And I gather you two distinguished alums of East Sider organizing a tribute a memorial for Joe Clark, Can you tell us a little bit about it? Never really got a chance to really thank him and him to see me and double together with a blew his mind and I really wanted him to see that I wanted him to be proud of us. And I didn't get a chance to do that. So I said, I believe we should just do a memorial and have the students all say what he meant to them, Just sending it off to heaven and saying, Look at us. We are your product. You did not fail us. No matter if you kick me out, you did not fail me. You bettered me. He's not here anymore to hear it, But his Children are in his grandchildren are and they need that at this time. I'm so happy about it. I'm excited. I'm so excited Thomas and Deborah McIntyre from Virginia Beach, talking about the great principle at East Side, and Patterson. Joe Clark..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"Stuff. Consider this program with Joe Clark and my co host, Angie Cancer. Well, good morning and welcome back to consider this program. I'm your host, Joe Clark. And I'm Angie Cancer. You know, one of the most complex things that I think people have to deal with. Is figuring out social Security. And so, um, you know, every now and then you see a billboard You see? Ah, poster. You see something that just causes you to go? Surely you've got to be kidding. I mean, I you know one of my favorite lines that you can't fix stupid. Right? I mean, and I kid you not three or four years ago, There was a soul security sign that said, Easy is almost like easy peasy. You know, you're easy button that we have with that you like so much on our on our home page. Um, you know, go to school security. That guy of sign up. You don't even have to think about it. Just figure out what you get. Just sign up. No big deal it all folks. Listen. When I was growing up, they said, the biggest financial decision that most people would ever make was the house payment. The mortgage that they were gonna have. And if you're married, filing jointly your soul security discussion. If you've been married for longer than 10 years and made an average income or above your social Security discussion is more than a half million dollars. Now I know some of you live in half million dollar homes. But most of you don't Right. I'm telling you, one of the biggest decisions you're ever going to make is when you take so security and it becomes very, very, very confusing for people. We have somebody on our team Dean Huddleston. He's in my Lafayette office been with us for way over five years now, and his job is mean That is his big that is his baby, so security Medicare. How all of that works. How it applies to you. Medicare Part B. We send him to school. We'll get him educated on that and on that stuff, because it does get to be tricky. So the basics of so security or this, you can take it at age 62. For most of us anymore, Angie were not eligible for what's called our full retirement age or fr a until age 67. So and Jean are 53. So we're stuck at age 67 as the one we get our full amount. Every month, and it is done monthly. Every month that we take it early. We actually lose 6% of that benefit, You know, so a half a percent if you want to think about it that way for the rest of our lives, and that is including what's going on the cost of living. Every month that we wait past age 67 up too late 70 right now. That's the max. We actually gained 8% so divided by 12, if you want to figure out what the monthly factories Um, you know, so when you take so security is not a silo based decision and you'll hear me talk about that lot on the show. If you're new to it, silo decisions or when you try to take one thing and you try to make a decision based on that one thing that is impacted by so many other things, including health, other assets, tax liabilities, marital status. There's so much that goes into this conversation that you really, really, really need to be careful, But with that, I will go ahead and let Angie talk now, okay? What is the windfall elimination provisions? So there's there's a couple different ways where people get confused on this. What happens? Is there are systems in the United States. On the railroad is one of those old the people who were long term federal employees. That we're back years and years and years ago before they paid into Social Security. The post office used to have people that were like that right if you don't if you don't pay into Social Security You don't get the so security benefit. Pretty simple, Right? Right. Seems to be pretty fair spouses excluded, right? So you know you may have a spouse that never paid in. But if you were married longer than 10 years They're entitled to part of your benefit that Z. That's the way the system works. So the windfall elimination was designed so that people couldn't quote unquote double dip. So you couldn't work for someplace where you didn't pay into so security, get that pension and then turn around and work for some place that did pay into so security and also get that full pension, our military's or military Is one of the exempt status is that is that deals with us, But that's really where it comes from. So you have a reduced benefit. We have firefighters, for instance, that work for municipalities. They don't pay until security, right? But they do a lot of I mean, the other than teachers. Firefighters have to be the most gainfully employed people outside of firefighting of anybody I've ever met. I mean, they're constantly working of all of them that I know they're constantly have other jobs. And so they paid into Social Security, but they're not able to get that full benefit and the full benefit from the fire fighter's pension fund. Okay, so well, That was my next question. If there any employers that don't have you withhold anymore, Because you're kind of talking like that, By definition. If you were a 10 99 employees and this gets to be this gets to be confusing, but that don't don't Don't mess this up in your mind with windfall elimination, right? So when I when I taught at Purdue, um you know, my students would ask me. You know what? You know. Where do I go to work? What do I do, you know, detonated Internet or die. And in in my world in the financial planning world when you're starting out There's a lot of people that want to pay you with the 10 99 as opposed to W two, right? So on your one year check which I don't think we even get anymore. You just get money deposited to your account, But you've gotta check stuff somewhere. I'm sure Vicky could give it to him. Um all right, defined on that check stub there is withholding. So you're paying initial security and financial enhancement group is paying into your soul security, right? So And you have 7.65% 15.3% between the two. You know, that's getting paid. You pay half we pay half right? If you're 10 99 employees, you get the whole thing. And so this is a very, very important thing to understand when I won Nice first started in the in the financial world back in 1987 2 weeks before the crash started. I got audited in 1989. Now I paid $4000 to work in 1988. We spent $4000 more than I made..
WIBC 93.1FM
"joe clark" Discussed on WIBC 93.1FM
"The go silence in the bars. 34 cloudy on monument Circle. I'm Shyla Kabbalah. Here's what's trending at 603. Why bars and Marion County looked like a ghost town Madison McGill reports. New Year's Eve is one of the biggest nights for bars behind ST Patrick's Day, said Laura Roseberry, general manager for Kilroy's. Up because bars and Marion County had to close it down. By midnight. They barely filled a few tables. It's pretty ridiculous, leaving here and going to a bar that is completely 100% capacity less 20 miles down the room. Marion County's coronavirus mandated closure caused the sparse turnout, and Rosemary told Wish TV she wishes they would have extended the time at least another hour. Madison, Miguel 93 WBC mobile news in the middle of a pandemic. There's been a major increase in men and women applying for med school. Thea You School of Medicine has seen a 47% increase for in state students and something like this happens and you see what it does to your community, and it makes you say, what can I do? I think it would be great if this pandemic would influence other people to go into medicine, and there can never be too many positions. U Med students on Wish TV and total There were more than 7300 applications received for the class entering in the fall of 2021. They're all competing for just 365 spots, Gasbuddy says. The average price and Indiana is to 22 at 604. Here's your forecast from the American Standard heating weather center cloudy skies and chilly temperatures this afternoon. Today's high 37 arraign snow mix changing toe all snow overnight 1 to 3 inches of accumulation expected Night's low 33. I'm wish TV Storm tracking meteorologist Marcus Bailey for 93 WNBC and I'm Shyla Kabbalah and on the level on the go on Twitter at 93. W I b. I like a bed that's really firm. I'm something a little softer than that rest easy, but the sleep number 3 60. Smart bet you could both be just your comfort with you Sleep number setting, and it really helped me fall asleep Faster. Yes, by gently warming your feet, Okay, But can it help? Keep us asleep? It's senses your movements that automatically adjust to keep you effortlessly comfortable. Sleep number proven quality sleep, his life changing sleep. Don't miss our New year's special. Queen Street number. 3 60 seat Too smart. That is only.
World News Tonight with David Muir
Joe Clark, Tough Principal at New Jersey High School, Dies at 82
"Finally tonight remembering an educator who's tough love made all the difference. He was known for walking the halls of east side high school with a bullhorn bat. That use the call. Me crazy. Joe not joe clark. Fame principal credited for turning around and paterson new jersey high school plagued by crime and drugs in the nineteen eighties. I'm gonna carry these bad drug pusher. I seen tried to get into those thirty five gone. The former army drill sergeant expelled three hundred students his first week. He said for fighting abusing teachers and drug possession defending the process on. Gma back in one thousand nine hundred eighty eight. We're sick and tired of religious parasites hang around individuals who adjust eroding the basic fabric of this nation. And the only thing. I am saying no more hand me out soon. His ways caught on the dynamic man and bond and one hundred percent won't crazy fellow but he's good at it. His code displayed in his office to air. Human to forgive is not my policy and outside his door. Don't take any prisoners tough. Talk tough love but real results over the decade test scores. Shot up if this story sounds familiar. You probably saw it on the big screen. Lean on me. Starring morgan freeman as joe clark. There's only one boston this place. And that's me. The real joe. Clark spoke to ted koppel on nightline the year before he retired as principal. I'm simply saying to three thousand blackness. Spanish students it is about time that you become productive. I don't think it's you're working nearly up to your intellectual Potential and tonight one of those lives. He touched remembering him saying it was because of his principal ship that i'm a proud graduate of east side high school one of the best experiences of my life.
710 WOR Programming
N.J. principal Joe Clark who inspired film 'Lean on Me' dies at 82
"Greenfield, New Jersey morning belongs of Joe Clark, the principal who made the cover of Time magazine and was the subject of the 1989 film Lean on me. He passed away at the age of 82 on Tuesday after a long battle with an illness. Clark is known, of course for turning around Patterson's East Side High School when he served his principal definitely squashing his reputation for both crime and drugs. You retired to Gainesville, Florida and was at home with family at the time of his
Clark Howard Show
Answering Your Questions of Stimulus Relief
"Wants to know she said I heard if you're on social security and you receive less than thirty thousand dollars per year you will not receive the stimulus money. Is this true? I have not seen anything saying that anywhere. So if you're talking about the twelve hundred dollar helicopter money I have not seen that the the senior citizens that will not receive it or senior citizens that are claimed as a dependent of someone else like. Let's say an adult child provides a lot of your care and Pays for more than half of your costs. And they may claim you on their taxes than you would not be eligible and they would not receive any Any helicopter money but if you live independently. I know of no reason why you would be eligible for the money. Doug has a question about his stimulus. Jackie says I've heard rumors that the cove in nineteen stimulus checks are going to be deducted from twenty twenty income tax refunds if a refund is applicable. Is that correct? No this is that something that I it a couple of days ago. I said I was going to have to read up on because we had another question about how this is affected in terms of taxes. And this is like money. Falling out of the sky it is Essentially a non taxable gift from the taxpayers collectively to you as an individual tax payer and the twelve hundred bucks per individual and a couple twenty four hundred. The five hundred per dependent child That money is just money. That's yours to us into spend as you need or to save for the event that Finance become more difficult for you over time no tax will be do chem I right. Michael says that he is self employed. He has no employees and he heard that there is no provision for people like him. What do you suggest I do? Is there any program that I can apply for help? Okay what's actually different? This time is there is assistance to people. That are self-employed self-employed individuals who've had their incomes. Crushed or eligible for what I think is the first time ever for unemployment compensation. The unemployment compensation will continue for Roughly I don't know if it's going to be sixteen weeks or seventeen weeks. I haven't seen final wording on that. Is Unemployment compensation you apply for with your State Unemployment Insurance Group And we have all the agency information for you with direct hyper links for all fifty states on our update to filing for unemployment on Clark Dot Com. We also have a deep dive story on it that we did not right but we linked to act. Clark DOT COM on applying for unemployment. So people that are self employed people that are independent contractors people that are GIG workers all three categories that under virtually every state law would be ineligible for unemployment compensation and all three categories. You are now eligible under the third stimulus Bill Joe Clark. Shane says I own some rental single family. Homes Have Fannie Mae backed mortgages under the new federal legislation. If my tenants can't pay rent will I have any loan payment forbearance if I can't pay the mortgage on those rental homes and if yes will how will that forbearance work? I am so glad you asked this question. Because I've been looking for the answer for people who have rental properties underwritten Indirectly by the federal government now. The legislation is clear that owner occupied properties. You're able to ask for forbearance for twelve months. I have not found anything that gives me a definitive answer yet for people who have rental properties because even though this is the first time we've had on the show. It's the third time I've been asked the question this week. By people off off the show people have been asking me who have rental properties that. They're worried they're tenants aren't going to pay is therefore available for them in what is essentially a Investment property not a personal residence. And hopefully that answer will emerge after this is adopted signed by the President and the regulations are issued. But for now I don't know Khem Sachs says now that the government is halting student loan interest in payments for six months. Does that mean that if I choose to make payments that the payment will go straight towards principal? There's no wording on that yet you know. There's no interest is going to be charged. But I've had a number of people ask me you know if I if I've got my job everything's fine. Just keep paying my student loans as agreed and am I gonNa get burned by doing that by missing the interest holiday so is best. I can tell you will not get benefit of the interest holiday if you continue to pay although that could change because I need to. I need to step back a second and explain something. And that is when the Congress passes a bill and then the president signs it into law. A lot of what's in there is worked out later by administrative agencies by the real various federal agencies so in the case with student loans it will be the US Department of Education that will ultimately issue guidance. On what will happen with something like somebody who says hey. I don't need a holiday. I'm going to keep paying amount. Do you get the benefit of no interest is an additional amount reducing your loan. That's the kind of thing Balhaf to decide because there's nothing I could find in what I've read. I've read that part of the statute that addresses. What happens if somebody voluntarily continues to make those payments so these kind of questions will be answered over the next several weeks? We only have a lot of areas more general information. Joe Clark. Brad has a question that might fall under exactly what you were. Just mentioning with the clarification from the different agencies but he says that his wife has automatic payments I in loans so we'll the grace period where the loans don't need to be paid. What will those automatic payments just cease for the time being and then start up again in October? That seems to be the plan because again the education department's going to have to make that happen but their intention is to cease all collections on loans for that period of time to be essentially no billing for loans and many people have them set up as automatic so there are two ways. People do automatics. If you have a bill pay service set up with your checking account and you just automatically pay certain bills every month. You will have to discontinue that if you're doing it for student loans because that would continue to go regardless of the actions of the US Department of Education on the other hand if your federal student loan servicer drafts here account each month. That's the activity that will likely automatically cease. So that's a distinction with a difference. It's very important that if you don't WanNa make your payments that you discontinue automatic bill pay and let me emphasize again. This is four federal student loans. Private loans are not included at all to this point. Private student loan providers are doing basically pretty much nothing for borrowers all. The action has been at the federal
Cultivating Place
What Led Joe Joe Clark to Become a Naturalist Educator
"We ring in the New Year of this new decade with the power of twenty twenty twenty hours for the making this week. We welcome Gardner Naturalist Educator Husband and Lily Lover Joe Joe Clark born and raised in Vallejo California to a garden loving mother. Joe is a naturalist working on interpretation public engagement and education occasion and nearly equal amounts of paperwork for the Napa County Open Space district taking him to both state and county parks in coastal stole Northern California. He joins us today from his home garden to share more about his garden life journey and his abiding love for the lillies. Welcome Joe for excited to the Audio podcasts. I'm so grateful so before we get into to your fieldwork. Go back a little bit. Tell me about your earliest influences. That led you to be this kind of person. Why Natural I? I'm sorry I garden at home and I have to thank my mom for that. I was born in Vallejo California and my childhood was pretty awesome. I had an opportunity to to be outside a lot and with that ed come with the tours so we had a garden in the back of our yard and it had all these vegetables that I loved. I mean I love eating. I love eating but the fruit that she she drew was amazing and my younger brother. He actually took on a lot of the homework and kind of a thank sort of guided the guard for me. I was more into other things that I could eat. But the things that attracted me through my is that That sense you know and the smell and so she did have some irises. That were in the front yard. I didn't really know that they were native but later on I kinda grew into you know my my interests of native plants of California -Fornia they were native They were Douglas. Iris Mummy version. And so that developed this hunger I guess you know
Consider This Program with Big Joe Clark
Pentagon snubs Amazon for $10 billion "war cloud" contract
"Hunt the Pentagon has awarded Microsoft a ten billion dollar cloud computing contract snubbing the early front runner Amazon whose participation drew criticism from the president bidding for the huge project known as the joint enterprise defense infrastructure for Chad I pitted leading tech Titans Microsoft Amazon oracle and IBM against one another the giant contract has attracted more attention than most giant text oracle and IBM push back with their own kids but also formally protested the bidding process last year oracle one as far as challenging the process
Consider This with Big Joe Clark
Trump-supporting Miss Nevada stripped of title for breaking 'no politics rule'
"The miss USA pageant has lost the contestant after her controversial comments he was the John hunt has more three dozen women will vie for the crown of ms America in Long Beach California over the weekend but ms Nevada will not be there Katie Williams a twenty nine year old Las Vegas woman claim she's the victim of censorship and being unfairly targeted over her support for president Donald Trump saying that quote to political to be in the pageant I asked what was the actual content like and they would never give me an answer and now I don't get to compete the pageant organizers insisted swings failure to separate political activism from her pageant persona that cost her the sash Williams is a fitness instructor and was deployed by the Army National Guard to Afghanistan in two thousand eight two thousand not a statement from the pageant group said Katie Williams is distorting all the facts all the pageant ask of ms Williams in writing is to keep separate social media accounts in a Facebook statement Williams said other contestants have voiced political views and were not punished the same way she
Consider This with Big Joe Clark
Biden leads in latest Iowa poll with Warren and Buttigieg rising
"Joe Biden leading crowded field in the race for the twenty twenty democratic presidential nomination in a new Iowa poll, the former VP the favourite of twenty four percent in the register media com, CNN poll, Vermont, Senator Bernie Sanders second with sixteen percent. Massachusetts Senator Elizabeth Warren third, with fifteen David challen is political director for CNN, the great majority of the candidates. Don't even crack five percent in this poll only only five candidates do so getting a break moment and trying to get some traction is proving extraordinarily
Consider This with Big Joe Clark
Tiger attacks zookeeper at Topeka Zoo
"Officials at the Topeka zoo are trying to figure out how a Sumatran tiger mauled one of its keepers inside a secure space. Zoo director, Brendan Riley. She's currently being treated at a local hospital. That's about the best update. We have regarding her as moment the tiger was simply doing what Tigers do officials say that tiger will not be
Consider This with Big Joe Clark
Sheriff: "The will of a 13-year-old girl is what broke this case"
"The sheriff of Barron county Wisconsin commending the thirteen year old girl who was able to escape from her captor on Thursday. After Jamie clause had been missing for three months after someone killed her parents in their home last October. She was found Thursday afternoon in a remote area of northern Wisconsin and police arrested her alleged kidnapper twenty one year old Jake Patterson also charging him with the murders of her parents. The Barron county sheriff says Jamie helped them break the case and should be treated
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U.S. sends troops in response to possible "violent" protests in Congo
"More. Dozens of US troops have been deployed to Africa more from USA radio networks. Rick Vincent, the first of eighty US. Members of the military Arctic ploy to the African country of good on on standby to protect us citizens. Diplomatic facilities in neighboring Congo. President Trump says additional forces may be needed. There are concerns while on protests me erupt in Congo over their disputed
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Saudi Arabia, Saudi Government and President Trump discussed on Consider This with Big Joe Clark
"While President Trump is promising severe punishment. If there's evidence that the Saudi government killed a Washington Post columnist. The president's ruling out canceling one hundred ten billion dollar arms deal with Saudi Arabia. He didn't specify what punishment. He would turn. To if Saudi Arabia is proven to have killed Jamal kashogi Saudis are denying being involved. But Turkish officials say they've
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Saudis warn against "threats" after Trump's comments on missing journalist
"While President Trump is promising severe punishment. If there's evidence that the Saudi government killed a Washington Post columnist. The president's ruling out canceling one hundred ten billion dollar arms deal with Saudi Arabia. He didn't specify what punishment. He would turn. To if Saudi Arabia is proven to have killed Jamal kashogi Saudis are denying being involved. But Turkish officials say they've
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Israel Israel, Israel and United Nations discussed on Consider This with Big Joe Clark
"Conflict white supremacist group is. Using racist robo calls to mock Andrew. Gillum gave, him is the first black nominee of a major party in state history and the voice on the call is a racist Jerry oh, type the, group behind the call, has also been linked to racist robo calls for campaigns in Charlottesville. Oregon and California well gillen's campaign called it an attempt to fuel hatred a spokesman for Republican opponent
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Hurricane Lane could get close to Hawaii next week
"Do it now the, National Hurricane Center predicted hurricane lane could follow roughly the. Same path as its predecessor earlier this month hurricane, Hector and just south of the Hawaiian islands the eye of the category two storm is about fifteen hundred miles east southeast, of Hilo Hawaii the storm was moving west at six Eighteen miles, per hour and packing one, hundred ten miles. Per, hour maximum sustained winds the agency expects the storm to strengthen into a major hurricane category three or higher, by Friday the renew coastal advisories in effect the. National Hurricane center's cone of, probability should the storm could come close enough to Hawaii to. Cause. Tropical storm
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Secretary, Mike Pompeo and Minister Sergei Lavrov discussed on Consider This with Big Joe Clark
"President Donald Trump's nominee to be the next Justice on the supreme, court just recommend except for a confirmation hearing September fourth that announcement comes amid, the release of a trove of, documents related to Kavanagh's. Time in the White. House Democrats argue that it's a mad rush while Republicans are saying it's time to get on with the process