35 Burst results for "Joe Clark"

"joe clark" Discussed on WIBC 93.1FM

WIBC 93.1FM

06:33 min | Last month

"joe clark" Discussed on WIBC 93.1FM

"Host, Joe Clark. And I'm Grand Sullivan. Man. We are happy to have you along. We are talking about one of my most concerning Least favorite conversations in the world. Um, I believe with my whole heart that your mind will move toward its most dominant thought. And this has been my baby. Um, this is all I've ever done. I've been as they say, unemployed since 1987 because I work for myself, right? Um, don hot tonight co founded the Financial Enhancement group in 97. I started working in this industry in 87 2 weeks before the crash, and you know, so this is all I've really ever known. But memorial the story is I have taken care of some families for more than four decades. In the eighties, the nineties, two thousands. Now the 2000, you know, teens and now the 2021, right? Um, I mean, it is. It's just hard to imagine. Um, But what I know about me is that my body doesn't heal as well as it used to heal. And that is apparent right? Because I still do crazy things like yoga and working out, right? I know that I'm not able to hell. I don't know when my mind is not as proficient as it once were. So I took. I take tests all the time to, uh You know, And I report that to my partnership group and our leadership team, You know, mental test on my iPad to say Okay is my score is still high, and you know, and I still am I still doing okay? But the bottom line is we really all do slip over time. I can certainly see it for families that I've taken care of. For years and years and years. Um, and that's really what I what I want to get into. So, um, when I say that I want to get into that to this discussion about that, and I'm going to give Grant the opportunity to kind of open this up, and then he can take it and and tell me where you want to go. But Um It's something I think we all have to be aware of, and we have to be prepared for because when it happens, you're not going to know it, and I have offended a few people by saying this over the years, but it's the best way. I know how to explain that. You don't wake up one day without a picnic basket. Right. You wake up one sandwich short of a picnic or one bite out of one sandwich short of a picnic. Its gradual and whoever you spend most of your life with unless Parkinson's or Alzheimer's, or something else really gets in the way Generally, y'all tend to slip together. And I will just tell you this as a trusted advisor, right? Um, I would love to tell you that people bring me their retirement money today and come in to see us the financial enhancement Group because of At the 12 or 13 things that I've created over the last 25 years. I would love to tell you that it's because we're you know, we're brilliant, and we've got a great team of 35 people. And honestly, we're very, very blessed. We really do have brilliant people. But more people come to see me at least personally, because I've done it for so long. They assume that I know what I'm doing, and it becomes a household name. And you've got to be very, very, very careful with that, because there are people who have done things for a long time that do not know what they're doing. Um some of the stuff that we see Bree brought into our office is just it is just It's sad and these are people that you would think no better and it's It's not with any intent that they've tried to harm anybody. I don't believe Um, but I don't think they're acting as a fiduciary standard in a lot of cases, and just because you or your family have dealt with somebody for 20 or 30 years, there's still things you need to ask. There's still things that you need to know. Other than just the relationship part to make sure that they're still making the right decisions and how those decisions are being made. So I'll drop the mic. Go ahead, Grant. No, absolutely. And Joe. Thanks for teeing it up. You know, I'm thinking of the area. I think we want to focus on especially in the segment. Is Term that I believe you have coined very beautifully. Um, incremental incapacitation. And you know, I co authored an article. It's going out in a lot of our new sources. Harold Bolton, etcetera that will dive deeper into this, But you said it. Well, most of our families When they come in. It's not at all or nothing game. It's not Grant. Here's my significant other They no longer can make any financial decisions. It is a slow progression, incremental. Incapacitation and Joe actually, if you would just explained the heart of why you chose those words, because I think it's really going to yourself for a great conversation. When when you look at most power of attorney documents or successor trustee documents, um In in the will or wherever, wherever it happens to be. It will typically say that if a doctor declares you, um incapacitated mentally or physically or a judge says you're incompetent. Um Then all of a sudden successor trustee gets to take over or the durable power of attorney kicks in. Whichever A N You know, 30 said 33 years earlier is 34 years this year that I've done this Um I've seen people being comas and car wrecks where it's pretty clear they are physically incapacitated. I've seen a couple put into facilities where it's pretty clear that they were mentally. You know that needed to happen. But doctors are very hesitant to sign off on that paper, our chief operating officers in MD and Gerry's. Why would I want to be in court for the next two weeks? Right, because if you know my documents said that originally my documents said that and let's say that Caylee or Kendra or Barb decided to take me to court or take me to the doctor, and I'm combative right emotionally. I don't want to give up control of everything. It just doesn't happen. I'm just telling you in 34 years you may have seen it happen to the people. The people we take care of. It doesn't happen. And I'm talking about over 2000 families. Um, I've really done this for a long time 31 states, So it's not just Indiana and you know, people that are family loving people are just It just won't do it. So the way it's set up Grant. It's a nuclear option. And you know, there are times when there's some decisions I should be allowed to make whether I want chocolate cake or broccoli. I should be allowed to make whether or not I take a shower for the next two weeks, I probably shouldn't be allowed to make right not paying my bills not paying my taxes, deciding not to go to church. You know, there are things that we do in our lives. Where If you don't do this, you probably ought to lose this roller this responsibility and we created incremental incapacitation in such a way so that.

Harold Bolton Joe Clark Kendra Barb Caylee Joe iPad 20 Grant 2021 30 years 12 35 people 2000 Bree Indiana 97 Gerry today tonight
Wildfires Leave Path of Destruction in California

Consider This with Big Joe Clark

00:25 sec | Last month

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

Dixie Fire New York City California
Cat "Binx" Survives Surfside Condo Collapse, Reunited With Family

Consider This with Big Joe Clark

00:27 sec | 2 months ago

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

Kitty Campus Florida Facebook
FDA panel endorses Johnson & Johnson's COVID-19 vaccine

Consider This with Big Joe Clark

00:36 sec | 7 months ago

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

President Biden Johnson Food And Drug Administration Texas Florida New Jersey
Joe Clark, Tough Principal at New Jersey High School, Dies at 82

World News Tonight with David Muir

02:19 min | 9 months ago

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.

Paterson New Jersey High Schoo Joe Clark GMA JOE Army Morgan Freeman Ted Koppel Clark Boston
N.J. principal Joe Clark who inspired film 'Lean on Me' dies at 82

710 WOR Programming

00:26 sec | 9 months ago

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

Joe Clark Greenfield Time Magazine East Side High School New Jersey Clark Patterson Gainesville Florida
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

08:44 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Back to consider this program with Joe Clark in all times you have an interesting scenario when you have parents that have capital and children who need help it's an easy thing to do and especially in a period of time where we are and right now in our country it is questions that we're getting on a regular basis welcome to consider this program I'm your host Joe Clark and I mean as you can happy to have you along so here's here's the set up I know you've got questions for me but here is a typical call my son or daughter or niece or nephew or the neighbor next door right for a from a legal standpoint all three of those are the same now from a family standpoint or emotional standpoint they could be entirely different but from a legal standpoint all three of the same question is this they need ten thousand dollars I have an IRA I want to take ten thousand dollars out of the IRA what are my other options right so if you're under fifty nine and a half and you take ten thousand dollars out of an IRA that's not for you right now right now by the way because the stimulus package were an extraordinary period of time right now it's one of those things you need to know rules have changed and you have the ability to make a withdrawal without a penalty you have the ability to even pay it back over a over a period of time I to put it back in if you want to but in a normal environment what we we tell people is your other option is to cosign a loan for somebody and there are things that you need to think about in co signing but I I won't steal your thunder well that was actually one of the questions I wasn't whether or not it's better to alone cash or co sign a loan or cosign for credit card or something like that for family members to think about what you're doing with the cash right if if you were willing if you're willing to get if I'm willing to give you ten thousand dollars let's just say I could you can give somebody up to fifteen thousand a year if you're married you can get thirty and if they're married you can give em sixty right let's say I'm willing to giving it to ten thousand dollars that she needs something that to have something done if I've already got the ten thousand dollar set aside I'm taking no more risk by co signing a loan making you get it build credit your own name right making you pay the interest all of the ten ninety nine and ten ninety eight tax forms that have to be done being done by the bank I don't have to be in the mix right the only reason that I would do where I would loan you the money as opposed to so thinking intra family loan here as opposed to cosign it would be if if I was wanting to do it at a lower interest rate for you let's say your credits fried in the past the bank's going to give you eight percent now it's probably gonna be lower if I co sign it because they know there's money sitting in the bank right but it may not they may just they may try to charge you eight ten twelve fourteen percent in this low interest rate environment and I may say Angie I've got money at four percent or two percent or one percent said then the bank all loan it to you as your dad which I'm not by the way I will loan it to you as as a as a parent at at four percent because that's a better deal for you and it's a better deal for me I would kind of look at it another way okay and that is if someone's coming to you for a loan meaning they probably don't have the money themselves I might be worried that if I co signed that my credit could be in jeopardy if they didn't make the payment on time so so somebody called me the other day and said Joe your credit scores been your your credit scores been changed and and and you you should pay attention to that and and I will tell you and Gee I would tell you you need to worry about your credit score right I'm at the place and point in time what with owning this company you know I I can't afford to have a bad credit score right but my credit score is not going to look like most people's because of the amount of a line of credit and the dad on this building and everything else that I have so you know it's high seven hundred number but I don't think about life and and most people who are sitting on million dollar IRA's that are retirees aren't worried about their their credit rating because they're not going to go borrow more money right now all we do worry if you do worry about credit rating over your car insurance you were in a credit rating affects a lot so you can't ignore it you can't not pay attention to it but it states that your age your young age you want to buy it you want to borrow more money to buy more houses because you like to fix up and sell right you've got to worry about that excess money that's out there right most of the people that were talking to about doing this don't have that issue right but most of the people also don't like to pay unnecessary fees are delinquent charges or things like that if that's what you already have the ten thousand dollars set aside and you were willing to give it right now they want to consider doing the co signing instead just know that ten thousand dollars over there so if the bank says Hey payments not being made they're going to come to you right now they're gonna come back to me and I get the ten thousand dollars in there to be able to get it and I think I'm looking at it because I have co signed before and have gotten burned and I would like to have the statement sent to myself as well just so that I can make sure it was being honest I have I have co signed and it's it is worked out yeah but as in the in my younger years I actually had to take the loans in my name because they wouldn't even let me cosign for the people it's going to go to me directly which is kind of crazy all right next question can you deduct the interest on a personal loan you can if if it's done correctly and it's a personal loan on a property the answer is yes if it's for their house if it's for a car no and so it's an interesting thing so let's see I loan you the money for a car I I've I loan you the money for the car and you're paying the interest text technically the interest that you're paying is not deductible for the interest that I'm receiving is now I won't tell you that everybody plays by the rules on that deal right that because technically the interests that that you're giving me you could refer to as a gift that you're giving back and in most cases especially in central Indiana that's going to be less than fifteen thousand dollars a year unless you've given me a personal loan for a two million dollar house or something right yes so it's it's you mean the correct answer is it's not deductible to you and it is taxable to me right and left for and then you still have to have all of those forms filed that's why it's why co signing really is a better deal unless you're really messing around with an interest rate as long as you're willing to have made that gift or that loan in the first place knowing the risk that you may not get your capital back room remember when a bank won't loan somebody money there is a reason for it you know I used you know I used to hate when I went down and I would try to borrow money when we're for start the financial hits for group in bankers we kinda you know give us one of those you know turn the nose up a little bit you know that is the old the old adage is true banks will lend money to people who don't need it right right now with the with the stimulus package we have right now fortunately a lot of small businesses that have had no access to capital are going to be able to get it and you really need to be working with your banker any recipe a getting your getting your numbers and payroll stuff squared away as I said in the beginning I've I've put together a package of how we explain it to our families that own businesses that's going out this week if you want to know more about that hello yes please give me a call I would love to talk to anybody the social distancing one eight hundred nine two eight four zero zero one any of the information that we've been sharing we're glad to send you or answer any questions you may have there are opportunities out there yes Hey I do have another question if you loaned to a family member do you think it's out of the question to ask for a contract from a family not at all in fact it it's especially for loans more than that amount of money that you're able to give it should be a contract and it's one of those things that needs to be addressed in your state planning work you know let's say you want one of your kids three hundred out three hundred thousand dollars to buy a house and it needs to be in the in the document barb's Graham all did this for us when we were probably married for three four years and and the you know I've I was starting out in this career and it's not a real lucrative career when you're starting out on their own yourself and yes it was not here early nineteen ninety one ninety two was a bad period of time and she won this money and we had a contract and she kept track of what we paid and you know we did it by all the rules and by the books and and it was written in her will that if we die if she died and we owed her money that all the other grand kids got the same amount of money that's very very common thing have you been listening to consider this program in very.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

08:44 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Back to consider this program with Joe Clark in all times you have an interesting scenario when you have parents that have capital and children who need help it's an easy thing to do and especially in a period of time where we are in right now in our country it is questions that we're getting on a regular basis welcome to consider this program I'm your host Joe Clark and I mean as you can so happy to have you along so here's here's the set up I know you've got questions for me but here is a typical call my son or daughter or niece or nephew or the neighbor next door right for a from a legal standpoint all three of those are the same now from a family standpoint or emotional standpoint they could be entirely different but from a legal standpoint all three of the same question is this they need ten thousand dollars I have an IRA I want to take ten thousand dollars out of the IRA what are my other options right so if you're under fifty nine and a half and you take ten thousand dollars out of an IRA that's not for you right now right now by the way because the stimulus package we're in an extraordinary period of time right now it's one of those things you need to know rules have changed and you have the ability to make a withdrawal without a penalty you have the ability to even pay it back over a over a period of time to put it back in if you want to but in a normal environment what we we tell people is your other option is to cosign a loan for somebody and there are things that you need to think about in co signing but I I won't steal your thunder well that was actually one of the questions I wasn't whether or not it's better to alone cash or co sign a loan or cosign for credit card or something like that for a family member so think about what you're doing with the cash right if if you were willing if you're willing to get if I'm willing to give you ten thousand dollars let's just say I could you can give somebody up to fifteen thousand a year if you're married and given thirty and if they're married you can give em sixty right let's say I'm willing to giving it to ten thousand dollars that she needs something that to have something done if I've already got the ten thousand dollars set aside I'm taking no more risk by co signing a loan making you get it build credit your own name right making you pay the interest all of the ten ninety nine and ten ninety eight tax forms that have to be done being done by the bank I don't have to be in the mix right the only reason that I would do where I would loan you the money as opposed to so thinking enter family loan here as opposed to cosign and I would be if if I was wanting to do it at a lower interest rate for you let's say your credits fried in the past the bank's going to give you eight percent now it's probably gonna be lower if I co sign it because they know there's money sitting in the back right but it may not they may just they may try to charge you eight ten twelve fourteen percent in this low interest rate environment and I may say Angie I've got money at four percent or two percent or one percent said then the bank all loan it to you as your dad which I'm not by the way I will loan it to you as as a as a parent at at four percent because that's a better deal for you and it's a better deal for me I would kind of look at it another way okay and that is if someone's coming to you for a loan meaning they probably don't have the money themselves I might be worried that if I co signed that my credit could be in jeopardy if they didn't make the payment on time so so somebody called me the other day and said Joe your credit scores been your your credit scores been changed and and and you you should pay attention to that and and I will tell you and she I would tell you you need to worry about your credit score right I'm at the place and point in time what with owning this company you know I I can't afford to have a bad credit score right but my credit score is not going to look like most people's because of the amount of a line of credit and the dad on this building and everything else that I have so you know it's high seven hundred number but I don't think about life and and most people who are sitting on million dollar IRA's that are retirees aren't worried about their their credit rating because they're not going to go borrow more money right now all we do worry if you do worry about credit rating over your car insurance you do worry about the credit rating affects a lot you can't ignore it you can't not pay attention to it but it states that your age your young age you want to buy it you want to borrow more money to buy more houses because you like to fix up and sell it right you've got to worry about that excess money that's out there right most of the people that were talking to about doing this don't have that issue right but most of the people also don't like to pay unnecessary fees are delinquent charges or things like that if that's why I said if you already have the ten thousand dollars set aside and you were willing to give it right yeah may want to consider doing the co signing instead just know that ten thousand dollars over there so if the bank says Hey payments not being made they're going to come to you right now they're gonna come back to me and I get the ten thousand dollars in there to be able to give it to them and I think I'm looking at it because I have co signed before and have gotten burned and I would like to have the statement sent to myself as well just so that I can make sure it was being honest I have I have co signed and it's it is worked out yeah but in the in my younger years I actually had to take the loans in my name because they wouldn't even let me cosign for the people they just want to go to me directly which is kind of crazy all right next question can you deduct the interest on a personal loan you can if if it's done correctly and it's a personal loan on a property the answer is yes if it's for their house if it's for a car no and so it's an interesting thing so let's see I loan you the money for a car I I've I loan you the money for the car and you're paying the interest text technically the interest that you're paying is not deductible but the interest that I'm receiving is now I won't tell you that everybody plays by the rules on that deal right that because technically the interests that that you're giving me you could refer to as a gift that you're giving back and in most cases especially in central Indiana that's going to be less than fifteen thousand dollars a year unless you've given me a personal loan for a two million dollar house or something right yes so it's it's you mean the correct answer is it's not deductible to you and it is taxable to me all right and lessons for a house and then you still have to have all of those forms filed that's why it's why co signing really is a better deal unless you're really messing around with an interest rate as long as you're willing to have made that guest or that loan in the first place knowing the risk that you may not get your capital back room remember when a bank won't loan somebody money there is a reason for it you know I used you know I used to hate when I went down and I would try to borrow money when we're for start the financial hits for group and bankers we kinda you know give us one of those you know turn the nose up a little bit you know that is the old the old adage is true banks will lend money to people who don't need it right right now with the with the stimulus package we have right now fortunately a lot of small businesses that have had no access to capital are going to be able to get it and you really need to be working with your banker any recipe a getting your getting your number sense payroll stuff squared away as I said in the beginning I've I've put together a package of how we explain it to our families that own businesses that's going out this week if you want to know more about that hello yes please give me a call I would love to talk to anybody the social distancing one eight hundred nine two eight four zero zero one any of the information that we've been sharing we're glad to send you or answer any questions you may have there are opportunities out there yes Hey I do have another question if you loaned it to a family member do you think it's out of the question to ask for a contract from a family not at all in fact it it's especially for loans more than that amount of money that you're able to give it should be a contract and it's one of those things that needs to be addressed in your state planning work you know let's say you want one of your kids three hundred out three hundred thousand dollars to buy a house and it needs to be in the in the document barbs Graham all did this for us when we were probably married for three four years and and the you know I've I was starting out in this career and it's not a real lucrative career when you're starting out on their own self and yes it was not here early nineteen ninety one ninety two was a bad period of time and she won this money and we had a contract and she kept track of what we paid and you know we did it by all the rules and by the books and and it was written in her will that if we die if she died and we owed her money that all the other grand kids got the same amount of money that's very very common thing have you been listening to consider this program in very.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

08:44 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Back to consider this program with Joe Clark in all times you have an interesting scenario when you have parents that have capital and children who need help it's an easy thing to do and and especially in a period of time where we are and right now in our country it is questions that we're getting on a regular basis welcome to consider this program I'm your host Joe Clark and I mean as you can that happy to have you along so you see here's the set up I know you've got questions for me but here is a typical call my son or daughter or niece or nephew or the neighbor next door right for a from a legal standpoint all three of those are the same now from a family standpoint or emotional standpoint they could be entirely different but from a legal standpoint all three of the same question is this they need ten thousand dollars I have an IRA I want to take ten thousand dollars out of the IRA what are my other options right so if you're under fifty nine and a half and you take ten thousand dollars out of an IRA that's not for you right now right now by the way because the stimulus package were an extraordinary period of time right now it's one of those things you need to know rules have changed and you have the ability to make a withdrawal without a penalty you have the ability to even pay it back over a over a period of time I to put it back in if you want to but in a normal environment what we we tell people is your other option is to cosign a loan for somebody and there are things that you need to think about in co signing but I I will steal your thunder well that was actually one of the questions I was whether or not it's better to alone cash or co sign a loan or cosign for credit card or something like that for a family member so think about what you're doing with the cash right if if you were willing if you're willing to get if I'm willing to give you ten thousand dollars let's just say I could you can give somebody up to fifteen thousand a year if you're married you given thirty and if they're married you can give em sixty right let's say I'm willing to giving it to ten thousand dollars that she needs something that to have something done if I've already got the ten thousand dollars set aside I'm taking no more risk by co signing a loan making you get it build credit your own name right making you pay the interest all of the ten ninety nine and ten ninety eight tax forms that have to be done being done by the bank I don't have to be in the mix right the only reason that I would do where I would loan you the money as opposed to so thinking intra family loan here as opposed to cosign would be if if I was wanting to do it at a lower interest rate for you let's say your credits fried in the past the bank's going to give you eight percent now it's probably gonna be lower if I co sign it because they know there's money sitting in the bank right but it may not they may just they may try to charge you eight ten twelve fourteen percent in this low interest rate environment and I may say Angie I've got money at four percent or two percent or one percent set then the bank all loan it to you as your dad which I'm not by the way I will loan it to you as as a as a parent at at four percent because that's a better deal for you and it's a better deal for me I would kind of look at it another way okay and that is if someone's coming to you for a loan meaning they probably don't have the money themselves mmhm I might be worried that if I co signed that my credit could be in jeopardy if they didn't make the payment on time so so somebody called me the other day and said Joe your credit scores been your your credit scores been changed and and and you you should pay attention to that and and I will tell you and Gee I would tell you you need to worry about your credit score right I'm at the place and point in time what with owning this company you know I I can't afford to have a bad credit score right but my credit score is not gonna look like most people's because of the amount of a line of credit and the dad on this building and everything else that I have so you know it's high seven hundred number but I don't think about life and and most people who are sitting on million dollar IRA's that are retirees aren't worried about their their credit rating because they're not going to go borrow more money right now all we do worry if you do worry about credit rating over your car insurance you were in a credit rating affects a lot you can't ignore it you can't not pay attention to it but it states that your age your young age and you want to buy it you want to borrow more money to buy more houses because you like to fix up and sell right you've got to worry about that excess money that's out there right most of the people that were talking to about doing this don't have that issue right but most of the people also don't like to pay unnecessary fees are delinquent charges or things like that if that's what you already have the ten thousand dollars set aside and you were willing to give it right there may want to consider doing the co signing instead just know that ten thousand dollars over there so if the bank says Hey payments not being made they're going to come to you right now they're gonna come back to me and I get the ten thousand dollars in there to be able to give it to them and I think I'm looking at it because I have co signed before and have gotten burned and I would like to have the statement sent to myself as well just so that I can make sure I was being honest I have I have co signed and it's it is worked out yes but as in the in my younger years I actually had to take the loans in my name because they wouldn't even let me cosign for the people that just want to go to me directly which is kind of crazy all right next question can you deduct the interest on a personal loan you can if if it's done correctly and it's a personal loan on a property the answer is yes if it's for their house if it's for a car no and so it's an interesting thing so let's see I loan you the money for a car I I've I loan you the money for the car and you're paying the interest tax technically the interest that you're paying is not deductible for the interest that I'm receiving is now I won't tell you that everybody plays by the rules on that deal right that because technically the interests that that you're giving me you could refer to as a gift that you're giving back and in most cases especially in central Indiana that's going to be less than fifteen thousand dollars a year unless you've given me a personal loan for a two million dollar house or something right yes so it's it's you mean the correct answer is it's not deductible to you and it is taxable to me all right and lessons for a house and then you still have to have all of those forms filed that's why it's why co signing really is a better deal unless you're really messing around with an interest rate as long as you're willing to have made that gift or that loan in the first place knowing the risk that you may not get your capital back room remember when a bank won't loan somebody money there is a reason for it you know I used to you know I used to hate when I went down and I would try to borrow money when we're for start the financial hits for group in bankers we kinda you know give us one of those you know turn the nose up a little bit you know that is the old the old adage is true banks will lend money to people who don't need it right right now with the with the stimulus package we have right now fortunately a lot of small businesses that have had no access to capital are going to be able to get it and you really need to be working with your banker any recipe a getting you're still getting your numbers and payroll stuff squared away as I said in the beginning I've I've put together a package of how we explain it to our families that own businesses that's going out this week if you want to know more about that hello yes please give me a call I would love to talk to anybody the social distancing one eight hundred nine two eight four zero zero one any of the information that we've been sharing we're glad to send you or answer any questions you may have there are opportunities out there yes Hey I do have another question if you loaned to a family member do you think it's out of the question to ask for a contract from a family not at all in fact it it's especially the loans more than that amount of money that you're able to give it should be a contract and it's one of those things that needs to be addressed in your estate planning work yeah let's say you own one of your kids three hundred out three hundred thousand dollars to buy a house and it needs to be in the in the document Barbara Graham all did this for us when we were probably married for three four years and and the you know I've I was starting out in this career and it's not a real lucrative career when you're starting out on their own yourself and yes it was not here early nineteen ninety one ninety two was a bad period of time and she won this money and we had a contract and she kept track of what we paid and you know we did it by all the rules and by the books and and it was written in her will that if we die if she died and we owed her money that all the other grand kids got the same amount of money that's very very common thing have you been listening to consider this program in very.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

07:35 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Host Joe Clark and me anti cancer and we're happy to have the energy all right you're in charge with the clients well we've had a lot of questions come in about the interest rate you know and we we mentioned it just a little last week saying Hey is it a good time to refinance so I kind of started keeping track of the questions that came in and you know let's start at the beginning because some people want to know I mean who controls interest rates and I mean what's the purpose of reducing the interest rate so there's two people there there's two groups if you will that control interest rates and some people would argue there's a lot more than two the federal reserve has the ability to control some interest rates it has the ability to control what you're able to borrow the call of the window as a bank what you're able to walk into to borrow money to make loans to other companies to other consumers and then there is the the treasury rates if you will that go out that say Hey the government needs to raise money and what's the least amount you're willing to accept so they actually have an auction and the person who's willing to pay the least I'm received the least amount of income is the one who wins the auction and gets to buy the bond right so then you have your now you have your treasury debt and when I was in C. F. P. school learn to become a certified financial planner back in the mid nineties we actually had this nonsense of a thing called a risk free money right and that was the ten year U. S. treasury education missed the memo the U. S. was downgraded I'm back in the in the two thousand and eight nine the Bakul so it's there is no such thing as risk free money right that's a that's just lunacy that we would ever say that but we have to have something to compare it to so we use a ten year for the ten year U. S. treasury right now what happens then is a corporation or somebody else goes to borrow money right and they'll loan me money at a lower interest rate at a bank then they'll probably long most people because I've got buildings and companies you know that that I have assets they're gonna charge me a higher interest rate than they're gonna charge apple right because apple's got a lot of cash right and that's kind of that spectrum if you will of what's called credit risk so one of the things we look for in the market place is when the credit risk spread increases in other words what a corporation has to pay to borrow money versus what the treasury's able to collect when that spread widens it becomes a it's it's kind of like a you know that I don't know the the think **** coyote right and all the sudden the roadrunners alerted to something's not right right and we watch that and that's happened what's happened with interest rates here lately is they have nosedived and the credit spread has widened severely meaning people are on alert that there's a problem I look this morning in the average rate on the thirty year fixed is three point three six so that's as of March seventeenth or eighteenth of two thousand twenty lowest level in sixty years the lowest level in fifty years and it depends where you go so you have to pay attention to your points and everything else but if you've got a mortgage it's more than five years out you know you want to pay attention to the closing cost you wanna make sure that you've got twenty percent equity in so you're not paying PMI but it may very well I mean use use this time to turn lemons into lemonade we even have a checklist for that yes yes you can call and you call me call me at eight hundred nine two eight four zero zero one I have that checklist as well as well as six or seven other ones on topics we've talked about so give me a call and we can email that over to you I one question about the banks I mean if the interest rates are so low I mean how are they making money well they have a hard time making money which is why they're probably the energy right now is the worst hit sector materials would probably be next but financials are probably the third the lower the interest rate environment the tougher it is for them to really make money so you know it's a really good point in in terms of the question but the difference between now and two thousand eight is they are very very well capitalized a lot of the rules were changed banks are sitting on a lot of resources the federal reserve has done a lot of what we call quote unquote modeling to make sure that they are prepared for not necessarily a pandemic but they're but they're prepared for distortion or disruption which is what we're having right now the rates have been low you know for a while now and in normally you would you know try to go for a fixed rate do you think it's safe to take any of those variable rates were there like variable for the first three years and then lock into a fixed it depends on on what your financial situation looks like right it's I believe because of the baby boom you're going to see a huge surprise and it's why I worry about people who buy fixed index annuities and things like that that think they're solving a problem for today inflation is not dead it's in hibernation and it's in hibernation because of the baby boom remember that when we talk about the baby boom we say that was people born between nineteen forty six to nineteen sixty four so technically Angie and I are not included now I identify with the baby boomer she ended fights with the X. generation doesn't matter you know were were clustered right there but the real peak of the baby boom I call it a bart Simpson Simpson head in it and if you think about what his head look like on the cartoon it's people who were born between nineteen fifty seven and nineteen sixty one you know so if you're listening this and wondered how I just ate gaster birth age it's because twenty percent of the adult population is born then nineteen fifty seven to nineteen sixty one so please don't wreck your car what you people are doing and an engine eyes short to follow is very very predictable how we behave when we buy our first home when we buy our our make a home when we retire when we buy a second home when we when we do major purchases in life are very very predictable things and you know individually we're not very predictable at all collectively we're amazingly predictable right and and so the inflation rate has been very very low because there's not a huge amount of demand and she doesn't need a new dishwasher she does not need a new couch is not needed in TV we buy am when technology changes and choices are there but that's what you're seeing deflation in the goods area and then inflation there and the services area the the people in that age group that I just mentioned need more and more services all of the time and you have to have people to be able to take care of that we will return to an inflationary period of time and that's when this will get out of handle and out of whack okay I know that the right now the demand is so high to refinance some of the banks are saying you know Hey were full but are they are are they can they raise their rates a bit if the if they can but they will because most most of the banks are not going to portfolio meaning keep your loan and house they're going to actually take him and solemn off into what's called a collateralized mortgage obligation it looks like a bond fund when you buy mortgage bonds that's what they are will they sell a fixed rate contract how do they make money on that part of it they're going to do in the servicing and part of it they get made they they they get paid.

Joe Clark
Answering Your Questions of Stimulus Relief

Clark Howard Show

08:27 min | 1 year ago

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

Us Department Of Education Self Employed President Trump Bill Joe Clark Federal Government Fannie Mae Doug Joe Clark Khem Sachs Jackie Congress Shane Michael Principal Balhaf
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

07:33 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Host Joe Clark and me anti cancer and we're happy to have the energy all right you're in charge with the clients well we've had a lot of questions come in about the interest rate you know and we we mentioned it just a little last week saying Hey is it a good time to refinance so I kind of started keeping track of the questions that came in and you know let's start at the beginning because some people want to know I mean who controls interest rates and I mean what's the purpose of reducing the interest rate is so there's two people there there's two groups if you will that control interest rates and some people would argue there's a lot more than two the federal reserve has the ability to control some interest rates it has the ability to control what you're able to borrow the call at the window as a bank what you're able to walk into to borrow money to make loans to other companies to other consumers and then there is the the treasury rates if you will and that go out that say Hey the government needs to raise money and what's the least amount you're willing to accept so they actually have an auction and the person who's willing to pay the least I'm received the least amount of income is the one who wins the auction and gets to buy the bond right so then you have your now you have your treasury debt and when I was in C. F. P. school learn to become a certified financial planner back in the mid nineties we actually had this nonsense of a thing called a risk free money right and that was the ten year U. S. treasury okay she missed the memo the U. S. was downgraded I'm back in the in the two thousand and eight nine the Bakul so it's there is no such thing as risk free money right that's a that's just lunacy that we would ever say that but we have to have something to compare it to we use a ten year for the ten year U. S. treasury right now what happens then is a corporation or somebody else goes to borrow money right and the loan me money at a lower interest rate at a bank then they'll probably long most people because I've got buildings and companies you know that that I have as assets they're gonna charge me a higher interest rate than they're gonna charge apple right because apple's got a lot of cash right and that's kind of that spectrum if you will of what's called credit risk so one of the things we look for in the market place is when the credit risk spread increases in other words what a corporation has to pay to borrow money versus what the treasury's able to collect when that spread widens it becomes a it's it's kind of like a you know that I don't know the the think **** coyote right and all the sudden the roadrunners alerted to something's not right right and we watch that and that's happened what's happened with interest rates here lately is they have nose dived and the credit spread has widened severely meaning people are on alert that there's a problem I look this morning in the average rate on the thirty year fixed is three point three six so that's as of March seventeenth or eighteenth of two thousand twenty lowest level in sixty years the lowest level in fifty years and it depends where you go so you have to pay attention to your points and everything else but if you've got a mortgage it's more than five years out you know you want to pay attention to the closing cost you wanna make sure that you've got twenty percent equity into European PMI but it may very well I mean use use this time to turn lemons into lemonade we even have a checklist for that yes so you can call entry call me call me at eight hundred nine two eight four zero zero one I have that checklist as well as well as six or seven other ones on topics we've talked about so give me a call and we can email that over to you I one question about the banks I mean if the interest rates are so low I mean how are they making money well they have a hard time making money which is why they're probably the energy right now is the worst hit sector materials would probably be next but financials are probably the third the lower the interest rate environment the tougher it is for them to really make money so you know it's a really good point in in terms of the question but the difference between now and two thousand eight is they are very very well capitalized a lot of the rules were changed banks are sitting on a lot of resources the federal reserve has done a lot of what we call quote unquote modeling to make sure that they are prepared for not necessarily a pandemic but they're pretty they're prepared for distortion or disruption which is what we're having right now the rates have been low you know for a while now M. in normally you would you know try to go for a fixed rate do you think it's safe to take any of those variable rates were there like variable for the first three years and then lock into a fixed it depends on on what your financial situation looks like right it's I believe because of the baby boom you're going to see a huge surprise and it's why I worry about people who buy a fixed index annuities and things like that that think they're solving a problem for today inflation is not dead it's in hibernation and it's in hibernation because of the baby boom remember that when we talk about the baby boom we say that was people born between nineteen forty six to nineteen sixty four so technically Angie and I are not included now I identify with the baby boomer she intensifies with the X. generation doesn't matter you know were were clustered right there but the real peak of the baby boom I call it a bart Simpson Simpson head in it and if you think about what his head look like on the cartoon it's people who were born between nineteen fifty seven and nineteen sixty one you know so if you're listening this and wondered how I just ate gaster birth age it's because twenty percent of the adult population is born then nineteen fifty seven to nineteen sixty one so please don't wreck your car what you people are doing and an engine I short to follow is very very predictable how we behave when we buy our first home when we buy our our make a home when we retire when we buy a second home when we when we do major purchases in life are very very predictable things and you know individually we're not very predictable at all collectively we're amazingly predictable right and and so the inflation rate has been very very low because there's not a huge amount of demand and she doesn't need a new dishwasher she does not need a new couch is not needed in TV we buy am when technology changes and choices are there but that's what you're seeing deflation in the goods area and an inflationary in the service area the the people in that age group that I just mentioned need more and more services all of the time and you have to have people to be able to take care of that we will return to an inflationary period of time and that's when this will get out of handle and out of whack okay I know that the right now the demand is so high to refinance some of the banks are saying you know Hey were full but are they are they can they raise their rates a bit if the if the candidate well because most most of the banks are not going to portfolio meaning keep your loan and house they're going to actually take him and selling off into what's called a collateralized mortgage obligation it looks like a bond fund when you buy mortgage bonds that's what they are willing to sell a fixed rate contract how do they make money on that part of it they're going to do in the servicing and part of it they get made they they they.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

08:55 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"To consider hi I'm your host Joe Clark of consider this program and I'm into cancer we are happy to have you along so in G. you've asked me to talk about retirement but but but my budget I will I have more than openly acknowledged to as many people as I can that the last time I had a budget not from the business side we currently have one of those but for Marvin I was when I had more month than I had money okay so I am not a budget fan however it is a critical part of retirement so I will leave this to you and ask you questions and a lot of times I I always hear you mention that maintaining your standard of living is really kind of what your goal is in retirement not what are your returns how much do I have all these questions boil down to can you maintain your standard of living so it makes sense that a budget would be something we'd want to talk about so so let's talk about that real quick and I know this is not part of your agenda thanks but it is it is important to understand so for the forty years of your accumulating life when you're putting money in accounts right we have balance sheets we have all of those other things right I am for forty years of your life you have focused on seeing what an asset values what's that statement say when it's time for distribution you have to flip a switch and it's now about income it's not about assets now you're still gonna get statements because the FCC is not going to allow me to stop sending them to you it really really is about income and I will I'll take you through a horror story that you're going to think is obnoxious because I've memorized all these numbers but it I mean it is it is what it is right so I had I had three people walk into my office three boys walk into my office in two thousand and two and if you don't remember two thousand and two let me just help you it was one of the world's worst period of time to retire because you're pulling money it was one of the worst periods of time four I'm needing income at two thousand and two in my view was technically worse than a weight it was pure market moves but it was ugly just just pure ugly right so they walk in and they said Joe we need twenty four hundred and fifty dollars a month to pay our mom they did what was called a life annuity it's an estate planning things that we help people with where they agreed to pay mom a certain amount of money for as long as she lived right so she lived to be a hundred and sixty would still be painter thanks actually passed away last year right so Alicia internees but we paid her eighteen years worth of income seventeen seventeen or eighteen years with that cap can and I did the math and I said I need about six hundred and ninety thousand dollars based on where we thought the market valuation was at the time and they said you know we we've got six hundred and fifty one thousand dollars that's all we got and so we took the six fifty one we started to the first five months of two thousand and two it was just so brutal Angie I just can't I can't tell you what it felt like but it was ugly and they were down to about five hundred ninety thousand dollars all right now the first thing you need to do listen into the show is understand how our minds work right when when a market goes up three times in a row you believe that it will go up indefinitely right now late nineties and then in leading up to the tech wreck I've I swear people are calculating the day until it be a billionaire right I mean because that is like training cash in the market place and when you have bad periods of times you know like we've experienced this week people start to have a period of time of how long it is until they have zero right neither is accurate but the other down about five hundred ninety thousand dollars and we have what I call a come to Jesus meeting right so it's the three brothers and its job when they're looking to be gone we can't do this we're going to run out of money and I'm gonna listen markets get out of whack you know just relax markets get out of whack that this is not Joe telling you to hold on to something for ever because markets always come back that's not true right that's not at all what I'm trying to say what I'm trying to tell you so you have to have discipline and you have to have a philosophy that you're willing to stick with and so what happened is they stayed in the game and now they have a balanced portfolio because we're taking income out every month right and then October those seven if it wasn't the worst day if it wasn't the worst day it was the worst week with a market high they as they've experienced huge gains because two thousand three through two thousand then and seven were phenomenal period of time to be in the market right so the account had doubled but it was it we did it down real well and I I apologize for the vagueness of my numbers but the SEC would be very unhappy with me if I gave you number so I just want you to understand the story of why income and assets are two different things big brother comes and he makes me go to growth quite frankly today with the assets we have under management today I would have fired him because I knew better but you know back then that was a little different stories twelve years ago thirteen years ago so the balanced portfolio is has a little bit and it's designed to produce the income that's what it is opposed to grow he went to growth the account value guide almost not quite cut in half but close to being cut in half between then and March of two thousand and nine little brother comes in in may of them nine says big brothers fired you're back in charge and she died last year and the account had about fifteen thousand dollars more in it than what she what they originally put it in eighteen years ago but the fluctuation had been twenty five percent on both sides of the coin more than twenty five percent up and twenty five percent down to the to the downside I mean it it's there's a difference between income and assets and you just really have to understand that and I know I totally messed up higher segment of what you want to talk we'll keep it will keep going on this in the next image heavy on my heart so go ahead ask me first question now is this is just based off of an article out of US news and World Report and it it kind of gives gives you some things to consider on how you can get ahead of the game before you retire so it's talking about budget and things like that one of the questions that the Aston there isn't what phase of finance our time frame should you invest in growth models since we're kind of talking about that so we're very agnostic to the model based on age I don't believe that H. as a function of money ever I think needed right so my youngest daughter's twenty three she still in nursing school she needs her money before I need my money right I'm fifty three you know so I think people get into a a quandary when they look at their age I try to look at our portfolio as opposed to looking at the economics that are around them the volatility and it really it really depends on your tax diversification it depends on the amount you have in the amount you need in terms of income and those things are all all variances that we deal with in the next steps meeting Adam you know when when you call when somebody calls Angie and says Hey you know I'm I don't do this on my own anymore I want at least one a second opinion and you come in for next steps meeting we're gonna give you things to consider today things you need to consider in the future if we choose to partner together we're gonna give you things that that refugee will do for you but there's there's a lot more than just a simple thought this is the thing I mean sometimes you'll come in and ask Hey if you want to do it on your own that's okay I mean but if you're looking for a fiduciary then that is our business so I mean I would come in for a meeting it you're right the second opinion is worth it I think it is but anyhow you so you're you're listening consider this program I am the host Joe Clark and you can Sir along with us we talk about all things retirement to the best of our ability we manage money for a little over a thousand families across more than thirty states in the United States and we're very very honored and privileged to do that but we would love to sit down and have a Cup of coffee with you talk a little bit about this will take a break we'll come back and we'll talk a little bit more about retirement planning because I know and she really wants to get these questions out we'll be right back thousands of people contact InventHelp monthly about their invention or new product do you think companies would be interested in your idea do you want to try to get.

G. Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

09:22 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"I'm your host Joe Clark of consider this program and I'm into cancer we're happy to have you along so in G. you've asked me to talk about retirement but but but my budget I will I have more than openly acknowledged to as many people as I can that the last time I had a budget not from the business side we currently have one of those but for Marvin I was when I had more month than I had money okay so I am not a budget fan however it is a critical part of retirement so I will leave this to you and ask you questions and a lot of times I I always hear you mention that maintaining your standard of living is really kind of what your goal is in retirement not what are your returns how much do I have all these questions boil down to can you maintain your standard of living so it makes sense for the budget would be something we'd want to talk about so so let's talk about that real quick and I know this is not part of your agenda thanks but it is it is important to understand so for the forty years of your accumulating life when you're putting money in accounts right we have balance sheets we have all of those other things right I am for forty years of your life you have focused on seeing what an asset values what's that statement say when it's time for distribution you have to flip a switch and it's now about income it's not about assets now you're still gonna get statements because the FCC is not going to allow me to stop sending them to you it really really is about income and I will I'll take you through a horror story that you're going to think is obnoxious because I've memorized all these numbers but it I mean it is it is what it is right so I had I had three people walk into my office three boys walk into my office in two thousand and two and if you don't remember two thousand and two let me just help you it was one of the world's worst period of time to retire because you're pulling money out it was one of the worst periods of time four I'm needing income at two thousand and two in my view was technically worse than a weight it was pure market moves but it was ugly just just pure ugly right so they walk in and they said Joe we need twenty four hundred and fifty dollars a month to pay our mom they did what was called a life annuity it's an estate planning things that we help people with where they agreed to pay mom a certain amount of money for as long as she lived right so she lived to be a hundred and sixty would still be painter thanks actually passed away last year right so Alicia internees but we paid her eighteen years worth of income seventeen seventeen or eighteen years with that cap okay and I did the math and I said I need about six hundred and ninety thousand dollars based on where we thought the market valuation was at the time and they said you know we we've got six hundred and fifty one thousand dollars that's all we got and so we took the six fifty one we started to the first five months of two thousand and two it was just so brutal Angie I just can't I can't tell you what it felt like but it was ugly and they were down to about five hundred ninety thousand dollars all right now the first thing you need to do listen into the show is understand how our minds work right when when a market goes up three times in a row you believe that it will go up indefinitely right now late nineties and then in leading up to the tech wreck I've I swear people are calculating the day until it be a billionaire right I mean because that is like training cash in the market place and when you have bad periods of times you know like we've experienced this week people start to have a period of time of how long it is until they have zero right neither is accurate but the other down about five hundred ninety thousand dollars and we have what I call a come to Jesus meeting right so it's the three brothers and its job when they're looking to be gone we can't do this we're going to run out of money and I'm gonna listen markets get out of whack you know just relax markets get out of whack that this is not Joe telling you to hold on to something for ever because markets always come back that's not true right that's not at all what I'm trying to say what I'm trying to tell you is you have to have discipline and you have to have a philosophy that you're willing to stick with and so what happened is they stayed in the game and now they have a balanced portfolio because we're taking income out every month right and in October of seven if it wasn't the worst day if it wasn't the worst day it was the worst week what is the market high they as they've experienced huge gains because two thousand three through two thousand then and seven were phenomenal period of time to be in the market right so the account had doubled but it was it we did it down real well and I I apologize for the vagueness of my numbers but the SEC would be very unhappy with me if I gave you number so I just want you to understand the story of why income and assets are two different things big brother comes and he makes me go to growth quite frankly today with the assets we have under management today I would have fired him because I knew better but you know back then that was a little different story was twelve years ago thirteen years ago so the balanced portfolio is has a little bit of design to producing income that's what it is supposed to grow he went to growth the account value guide almost not quite cut in half but close to being cut in half between then and March of two thousand and nine little brother comes in in may of them nine says big brothers fired you're back in charge and she died last year and the account had about fifteen thousand dollars more in it than what she what they originally put it in eighteen years ago but the fluctuation had been twenty five percent on both sides of the coin more than twenty five percent up and twenty five percent down to the to the downside I mean it it's there's a difference between income and assets and you just really have to understand that and I know I totally messed up higher segment of what you want to talk we'll keep it will keep going on this in the next room is heavy on my heart so go ahead ask me first question now is this is just based off of an article out of US news and World Report and it it kind of gives gives you some things to consider on how you can get ahead of the game before you retire so it's talking about budget and things like that one of the questions that the Aston there is what phase of finance our time frame should you invest in growth models since we're kind of talking about that so we're very agnostic to the model based on age I don't believe that H. as a function of money ever I think we need this right so my youngest daughter's twenty three she's still in nursing school she needs her money before I need my money right I'm fifty three you know so I think people get into a a quandary when they look at their age I try to look at their portfolios opposed to looking at the economics that are around them the volatility and it really it really depends on your tax diversification it depends on the amount you have in the amount you need in terms of income and those things are all all variances that we deal with in the next steps meeting you know when when you call when somebody calls Angie and says Hey you know I'm I don't do this on my own anymore I want at least one a second opinion and you come in for next steps meeting we're gonna give you things to consider today things you need to consider in the future if we choose to partner together we're gonna give you things that that refugee will do for you but there's there's a lot more than just a simple thought this is the thing I mean sometimes you'll come in and if Hey if you want to do it on your own that's okay I mean but if you're looking for a fiduciary then that is our business so I mean I would come in for a meeting it you're right the second opinion is worth it I think it is but anyhow you so you're you're listen to consider this program I am the host Joe Clark and you can Sir along with us we talk about all things retirement to the best of our ability we manage money for a little over a thousand families across more than thirty states in the United States and we're very very honored and privileged to do that but we would love to sit down and have a Cup of coffee with you talk a little bit about this will take a break we'll come back and we'll talk a little bit more about retirement planning because I know and she really wants to get these questions out we'll be right back Jake was in big trouble with the IRS the how much ninety two thousand dollars ouch the IRS left no room for Jake to briefly put a lien on my house took all the money out of my bank account took money out of my paychecks so it was a nightmare he needed help fast I figured that all these companies were the same until I called federal tax management you could just tell they knew what they were talking about right then and there I felt like I had some hope stop the liens levies and garnishment fast and qualify for one of several special IRS programs that can reduce or even eliminate your tax debt so how to go for Jake thank you what they said they.

Joe Clark G.
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

02:49 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Joe Clark your host and I mean to cancer happy to have you along into Mr gilder is not with us today that was the the DJ's fault it's mine the host the big guy yes apparently this two day flu that was going around got me really are you may still hear it in my voice but happy to report that I am fine wish to do the show with a different period of time so missing Mr Duggar this week and I hate that too because you know the super bowl's coming up this weekend so we want to give his intake you have those you who don't know can was a tight end for the colts for like six years played for Tampa Bay and won the Superbowl another four he does have a ring though he does not want it I will know you know I I've tried to get him to bring an end to so I can you know that it might help the trophy you have a really old one I just didn't get to do the I'm at the Superbowl ring well I figured we could talk about that at the end of the show but Jeez are for sale so you know you still either they're always available so it that's true okay so do you remember a movie that was out I mean years ago Leonardo di Caprio was in it was called catch me if you can absolutely great movie okay yes so they got along when get to poppers well the guy that that was really written about and I hope I can say is last name right Abigail he now tours around in talks in is a speaker and his what he talks about are potential gold mines for scammers and how you can avoid this are so right now he's been going around talk about social media from one expert to another yes yes in so he has given his top five things never to do on social media okay I'm listening as a scammer how he could take that information around with absolutely never put your maiden name or your first pets name I agree somewhere in your story never give exact details of an upcoming vacation ever we never post before until we return if we post at all don't turn on your personal location which is kind of the yeah okay yes if you're gonna tell by that where you were born and exact date of birth and then here's the thing he said people don't even think of this one expression on Facebook about putting an up close really clear picture because people can take those pictures and use them for facial recognition a really can they can do amazing stuff it was interesting when we when we started we moved our money to TD Ameritrade and two thousand and twelve ten maybe twelve been awhile and they told us the people still five hundred dollars and about two years after that so somewhere around two thousand fourteen fifteen they said no no no there after fifty thousand or more in the going to research your social media for eighteen months so they know your pets names your vacations the places you travel so they can get through security I just think that a great article be where the where of that and if you want more range you can.

Mr gilder Joe Clark
"joe clark" Discussed on Cultivating Place

Cultivating Place

01:32 min | 1 year ago

"joe clark" Discussed on Cultivating Place

"For the native lilies of California. We'll be back for more with Joe Joe after a break If there's one thing that I hope we all take from this conversation with Joe Joe Clark. It's this take time. Make time to really and truly and fully love what you love. Love what you find beautiful beautiful healing expanding and meaningful in your garden and on your trails on this generous planet of ours if you you love lillies then by all means fully. Love them if you love your vegetable garden here. topiary bonsai fragrant roses or taking children or other adults on nature walks through the woods along streams pointing out the diversity and wonder of mushrooms. Leaves seed forms If you love cooking with your garden bounty or crafting with gourds whatever it is give yourself time for it. There's never for a better time than right now today where you are where the world is. Let your great loves meat up. There's healing and growing to be done right there now. Back to our conversation with Joe Clark. This.

Joe Joe Clark Joe Joe California
What Led Joe Joe Clark to Become a Naturalist Educator

Cultivating Place

02:24 min | 1 year ago

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

Joe Joe Clark Vallejo California Douglas Napa County Open Space Distric Northern California JOE California
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

09:56 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"And welcome to consider this Joe Clark and others you are listening to the best of consider this put together over the last few years of the show good morning and welcome back to consider this I'm Joe Clark time staring contest happy to have you along you know sherry there are there sings about Christmas morning you have to add that some people like more than I like well surprises yeah didn't expect to get okay you wake up and there's something that you didn't expect that is a beautiful thing you wake up in there something you expected that's not there it's not as it should be right exactly one of the things you know I I live in a household with I have two daughters and I and a lovely wife and number it is and though the the like surprises they don't like waiting right now is that are you saying that's a woman thank you my okay you know I last for those of you who don't know I I love to hike and I not climb I love to hike that means my feet stay on the ground under his robes and it propel and all that other crazy stuff but you know I spent the last year training for a hike that I was just on and went out to Mount Rainier there's there was the hundredth anniversary of the of the national parks yeah it's actually a hundred and one years for the Wonderland trail is a trail that was a year older that was in ninety three mile loop and and I spent a lot of time training for so for ten days I was supposed to be out of communication if you well all right no cell towers me the bears and the other hikers and you know was it was a wonderful wonderful thank so yeah I took my time and with the help of one of my people here on the team at the financial his for group I wrote a bunch of cards and letters for bar and so each day the key with the team would mail another card so law you barb at least had some communication from the even though it wasn't coming from that very particular day well listen up man because that's a great so so as you know it's it's subtle story if you if you wanna hear god laugh tell him your plans after days on the mountain that the gentleman I was with a new kind of gave out on him it's it's a really really tough hike in and we had to leave the mountain and so I was able to be back in communication ended up having bar come out we were able to spend a week together in Seattle button you know while I was gone the cards kept coming yeah and so far with their get I mean I wouldn't dare to stop them and so my daughter's seeing these cards you know really got kind of agitated or uneasy over where are these cards coming from you know that is they can be coming from him the shock they just did not not set well with them so they can help themselves but open one of the cards which did not make the Daddy happy yeah but they were worried about you know who send and Houston and mom these cards yeah so in the reason I I share this with you it's you know we like to talk about things that take place in the world in terms of disruptions in distortion right the me sending that card didn't really disrupt anything in their lives shouldn't have disrupted anything in their life right but it was something that they didn't expect it was out of the norm right and when you when you talk about disruptions and distortions in your normal life the the things that that happened that you just didn't expect you know we talk about the the worry over things is usually more than what the actual outcome is over the the thing that you're worried about right we we tend to amplify if you will well there's there's also things that happen where economics come into play word were factors are I don't know if you want to say under duress or or attacked we have expectations of things that are going on when I tell you that now we have ten thousand people every single day turning age sixty five starting July first of this year ten thousand people turning age sixty five for the next eighteen years when I when I tell you that it's pretty obvious that that's a disruption enter distortion and so yeah one of the things that's come in under the radar obviously is medical costs because you know who's going to pay for all of this and so this headline pops out medical costs jump in August by the largest amount in thirty two years right now you can put that headline there you can start that way it wasn't that it was that necessarily that big of a jump but it was the largest single month jump in one year six percent year over year is where where the medical costs are and and things are probably heading higher that is a disruption if you will or distortion so there there are things that you can obviously put together in your head that are disruptions to the market things we did expect you terrorist bombings yeah right though those are kind of surprises earthquakes in Italy there there the tsunami that hit Japan I'm you know a few years ago things that you know they they come out of the blue there's other ones that happen though that they ought to be on our radar they're just not they you know they get messed I I you know if if if I were managing my own money and many of you who listen to the show do if I were managing my own money I would I would put on a poster board you know ten thousand people a day turning because it's you week we can see here we can talk about what that means hi right but into you really ponder how much that changes the world the dynamic of our country in terms of the things that they're going to buy the things that they're going to any other that they're going to do you're you're gonna miss something that's going on right now we all know that the political actions you know that come out the especially this one was trump and Clinton yeah are are creating disruptions and distortions in some of the things that are going on uncertainty uncertainty yeah here's the one that I want to give you just just to understand a little bit about the the context of life we all we all know what inflation is now I'm sure you've got a degree in economics so what's what would you say inflation and the cost of buying a good a service today as opposed to what it costs a year ago ten years ago you go that's a reasonable answer you don't you have inflation typically when you have too much money chasing too few right exactly that's that out here that's where the competition for that good or service that's right where it comes from right so if you have a fixed supply and in an increased demand you have prices to go up right so inflation is not evil it's not a horrible thing hyper inflation is when you have them stop appreciating it more than four and a half percent anything above that is hyperinflation what we saw in the late seventies like in the real estate market in the street market again in the past right that that hyper inflationary area is dangerous there's another one it's called deflation yeah and that's when you see the price of of things fall we've talked about that on the show many times that the price of goods is actually going up price of services is our price of of goods is actually going down rather at the T. V.'s the washers and dryers they're actually deflating and services what it were take somebody to do the work is actually an inflated right it's creating well there's this other one that's called stagflation and stagflation is when you see the prices go up up without a corresponding growth in the economy so nothing's really nobody's making any more money just because it does cost more to get an answer because there it's rare it's it's like the demand is higher than the supply it's it's not even necessarily demand of a good or a service it's it's usually it usually comes in one form and that's wages so we talk about wage inflation would you say that and what you have to pay somebody to do a job is going up without them necessarily providing more more and it's interesting because I think I've mentioned this before when I did my when I when I strayed economics ended my whatever thesis senior paper it was on that very thing that when you start paying people that and it's not tied to productivity you've used is a real problem I have a problem here listen to consider this time Joe Clark along sure contest if you got a question or comment she was an email consider this at your life after work dot com got to take a break we'll be I am Kimberly Williams Paisley but my mother was diagnosed with dementia we didn't know where to turn for my family the decision to move her into long.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

10:36 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"And welcome to consider this Joe Clark and others you are listening to the best of consider this put together over the last few years of the show good morning and welcome back to consider this I'm Joe Clark I'm sure contest happy to have you along Hey we're in the middle of this conversation if you missed us on the side of the other break about the the phases of finance and I like to call and I and I try to use an airplane because I try to remind people that were on a financial journey I like that an elegy so you go through the accumulation that's when you're boarding the plane you're getting things in the right seats get in the luggage where goes everything's evenly distributed that saving the right person is your income it's making sure that you're building tax diversification so you have some money that's in a rock somebody that's in in a tax deferred perhaps somebody that is after taxes very very important as we progress to understand how the tax code works and why all three of those areas are important yeah eventually we get to a point where what you're saving is is not as important as what you've already saved right usually happens in the forty eight to fifty five if you've been a good saver you know what that the next day that you have is much larger than what you're contributing this year and that is the only time that average return matters which is why we're very very careful about dealing with average returns and what's going on and we're talk about bill Miller here in a minute about that in Peter Lynch for that record eventually though that you're going to go to land the plane and landing the plane is when you want to make sure that you've got the right tax diversification so what I'm paying attention to is one of my pet way how much taxes my paying on the average dollar that I pull out of an account right and secondly is the volatility market going up and down is not an issue and preservation as long as you can hold out the storm and you think you're right Indian during distribution that's different if I spend a dollar when the market's down it never gets a chance to go back up ray what it needs to do so yeah the the two of them have to come into play to be able to to work together now when we when we look at this stuff and and help people try to understand is that the common questions going to be what percentage should I be save in Sir you know how my doing along the way right there's a lot of assumptions that there is no one right answer there's not right not the preservation is one of those stages where people really get into trouble so average return means exactly what it says what is the average right so I started January first and what's my average return ten years later right the average over a period of time market's gonna go up market's gonna go down that is true right the reason we take the time to make sure that people are disciplined enough and understand how their money is being managed it's a the reason I have a white board right is I I do want to teach Sir I want you to understand what is going on when we look at this stocks have produced an annual return of nine point nine percent of the last twenty years nine point nine percent investor got is received five point two you know nine point nine seems really hiding right does but that's because the average investors gotten five point two well how's that work because people put money in when the market is high and they pull money out when the market is low so when you say average investor you mean like individual people as well as add accounts Morning Star everybody fidelity Schwab got it all of the research average together okay and it is a it's a very very sad statistics for my behavioral finance standpoint put on my academic had that from I can produce a you you put that on your **** the the problem in terms of what's going on and again this is over an average return yeah so when you start looking at people during distribution it's not the average return it matters the volatility and the volatility could have even been worse because people do tend to put money and pretty much the exact worst time right they they didn't put money on the market is higher than how many out when the market is low yeah market goes back up and they go back in you know its it's an emotional decision it in it comes it becomes very very problematic for people fear of missing out of missing out on the good and the bad in the in the market terms what we talk about is the thing called capitulation and continuation means fear yeah yeah I almost always goes around the sell side you know they could pixelated out of the market I took a picture lay ism is it sounds like an action verb like you're going to do something because of your fear out of fear Bradley okay so in nineteen ninety seven ninety eight and we had the irrational exuberance speech that came from Greenspan right out yeah and what ninety six or ninety seven yet the Asian flu the fight as the crisis that occurred over there financially that almost brought down the part of the east coast Nobel Prize people who got it wrong in in terms of what was happening I get a lot of stuff that was going on and people got out of the market early because they were worried about white U. K. and the market valuations but we were watching accounts go up five ten percent a month so when when somebody had a five hundred thousand dollars for a one K. is there a lot of that became a million and a couple year period of time yeah yeah and you got through why two K. that first week in January in in people couldn't take it anymore Y. two K. didn't happen yeah they're great white hope see I know I know that's right you had a you will you had all of your money in the market yeah you've lost it all yeah yeah not what happened right exactly went the other way and so we watch this huge influx of money in January and especially February of two thousand of people who capitulated into the market they they couldn't take anymore they they the fear of them being left behind the singer yeah I'm going to the market wow so they bought it high high high rate and then March tenth the tech wreckage begin to take place and that loud sucking sound that was a blow exam with a loud sucking sound yeah your four one K. you know going to rate down hill from again you know I'm not a mutual fund fan so I don't have to I don't write anything there's no mask here yeah the average American who owned one mutual fund owned eleven of them sh back to nineteen ninety nine and we used to call on the five horsemen and Microsoft Cisco dell Intel and MCI and remember you young folks don't even know what it was yeah yeah I know Bernie Ebbers was the CEO he's still in prison it was as big of a scandals Enron was in many many different ways and we all know what happened there if you are live in the in the early two thousand so you know it's a it was a problematic thing but the average person who owned a mutual fund on eleven of them because people believe their things they're not the ramparts they hold stocks and bonds and when you on Microsoft in ten places are eleven places if you put money in and that fund manager had to buy more Microsoft it drove the value of Microsoft higher everywhere so you use your own leverage to drive your other signs higher for all intensive purposes and you know even though people thought they were diversified they weren't even looking at the S. and P. five hundred cherry which shocks people to death even looking at the S. and P. five hundred January first of two thousand forty percent of the value of the S. and P. five hundred because it's based on market cap yes in technology and telecommunications negative Metternich's forty percent so you'd see these people at General Motors that had all of their money in the end yeah Hey I'm diversified among five hundred for companies no but not not even like right yeah forty percent of what you have at that five hundred thousand dollar nest egg that he built you know forty percent of what you have that two hundred grand of that is simply in technology and telecommunications stocks that have negative net earnings this is not going well for you right so how does this play out will two examples there is a guy named Peter Lynch just understand how average returns can get into trouble Peter Lynch will manage the Magellan fund for fidelity after many years you couldn't buy Magellan fund because money managers do better when they're smaller we have a commitment at the financial hits for group not to go above seven hundred and fifty million in assets because all of the written paper we'll tell you every white paper al the research tells you you go above that and you begin to harm the people that you are taking really yet every bit of it and the average mutual fund by the way has three point two billion oh my gosh okay that's what I well when I have time at seven hundred and fifty million you know we're we're done taking in new money from people we'll just take care of that of the people that we have in it and and it is you know it is what it is right but when you're smaller you have the ability to move when I sure I buy something that's why they always have to report what Berkshire Hathaway what more about that right yeah moves the market yeah apple's had as from the period of time that Buck Berkshire added more apple stock is going out because people know they they can't get in and out they've it is longer term Hey listen consider this I'm Joe Clark along sure countess we gotta take a break the message from D. A. V. to returning veterans thank you for doing your duty and doing our thank you for standing up and not backing down thank you for putting yourself in harm's way and putting your buddies lives ahead of your own thank you for.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

08:38 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"To consider this Joe Clark and others you are listening to the best of consider this put together over the last few years of the show good morning and welcome back to consider this I'm Joe Clark time sherry contest happy to have you along you know sherry there are there sings about Christmas morning you have to add that some people like more than I like well surprises yeah didn't expect to get okay you wake up and there's something that you didn't expect that is a beautiful thing you wake up in there something you expected that's not there it's not as it should be right exactly one of the things you know I I live in a household with I have to I have two daughters and in a lovely wife and you're out numbered and though the the like surprises they don't like waiting are those that are using this woman thank you my okay you know I last for those of you who don't know I I love to hike and I not climb I love to hike that means my feet stay on the ground on the ropes you know propel and all that other crazy stuff but you know I spent the last year training for a hike that I was just on and went out to Mount Rainier there's there was the hundredth anniversary of the of the national parks yeah it's actually a hundred and one years for the Wonderland trail is a trail that was a year older but was in ninety three mile loop and and I spent a lot of time training for so for ten days I was supposed to be out of communication if you well all right no cell towers me the bears and the other hikers and you know was it was a wonderful wonderful thank so yeah I took my time in with the help of one of my people here on the team into financial hits for group I wrote a bunch of cards and letters for bar and so each day Vicki would email would mail another card so hello all me a barb at least had some communication from the even though it wasn't coming from that very particular day well listen up man because that's a great language so so as you know it's it's an old story if you if you wanna hear god laugh tell him your plans after about days on the mountain that the gentleman I was with a new kind of gave out on him it's it's a really really tough hike in and we had to leave the mountain and so I was able to be back in communication ended up having barb come out and we were able to spend a week together in Seattle button you know while I was gone the cards kept coming yeah yeah and so far whether you get a man I wouldn't dare to stop them and so my daughter's seen these cards you know really got kind of agitated or uneasy over where are these cards coming from you know that is they can't be coming from him no that is the shock they just did not not set well with them so they can help themselves but open one of the cards which did not make the Daddy happy yeah but they were worried about you know who send and I'm Hussein and mom these cards yeah so in the reason I I share this with you it's you know we like to talk about things that take place in the world in terms of disruptions in distortion right the me sending that card didn't really disrupt anything in their lives you shouldn't have disrupted anything in their life right but it was something that they didn't expect it was out of the norm right and when you when you talk about disruptions and distortions in your normal life the the things that that happened that you just didn't expect you know we talk about the the worry over things usually more than what the actual outcome is over the the thing that you're worried about right we we tend to amplify if you will well there's there's also things that happen where economics come into play word were factors are I don't know if you want to say under duress or or attacked we have expectations of things that are going on when I tell you that now we have ten thousand people every single day turning age sixty five starting July first of this year ten thousand people turning age sixty five for the next eighteen years when I when I tell you that it's pretty obvious that that's a disruption in a distortion and so yeah one of the things that's come in under the radar obviously used medical costs because you know who's going to pay for all of this and so this headline pops out medical costs jump in August by the largest amount in thirty two years right now you can put that headline there because sure that way it wasn't that it was that necessarily that big of a jump but it was the largest single month jump in one year six percent year over year is where where the medical costs are and and things are probably heading higher that is a disruption if you will or distortion so there there are things that you can obviously put together in your head that are disruptions to the market things we did expect you terrorist bombings yeah right though those are kind of surprises earthquakes in Italy there there the tsunami that hit Japan and you know a few years ago things that you know they they come out of the blue there's other ones that happen though that it ought to be on our radar they're just not they you know they get messed I I you know if if if I were managing my own money and many of you who listen to the show do if I were managing my own money I would I would put on a poster board you know ten thousand people a day turning to Iraq because it's you week we can sit here and we can talk about what that means her right but into you really ponder how much that changes the world the dynamic of our country in terms of the things that they're going to buy the things that they're going to do any of the earth that they're going to do you're you're gonna miss something that's going on right now we all know that the political actions you know that come out the especially this one with trump and Clinton yeah are are creating disruptions in distortions in some of the things that are going on uncertainty uncertainty yeah here's the one that I want to give you just just to understand a little bit about the the context of life we all we all know what inflation is now I'm sure you've got a degree in economics so what's what would you say inflation and the cost of find a good a service today as opposed to what it cost a year ago ten years ago I go that's a reasonable answer you know you have inflation typically when you have too much money chasing too few right exactly that's that out here that's where competition for that good or service that comes from right so if you have a fixed supply and in an increased demand you have prices to go up right so inflation is not evil it's not a horrible thing hyper inflation is when you have set them stuff appreciating at more than four and a half percent anything above that is hyper inflation what we saw in the late seventies like in the real estate market in the street market again in the past right that that hyper inflationary area is dangerous there's another one it's called deflation yeah and that that's when you see the price of of things fall we've talked about that on the show many times that the price of goods is actually going up price of services is our price of of goods is actually going down rather and TV's the washers and dryers they're actually deflating and services what it were take somebody to do the work isn't and fleeting right it's creating well there's this other one it's called stagflation and stagflation is when you see the prices go up without a corresponding growth in the economy so nothing's really nobody's making any more money just because it does cost more to get it and that's because there it's rare it's it's like the demand is higher than the supply it's it's not even necessarily demand of a good or a service it's it's usually it usually comes in one form and that's wages so we talk about wage inflation would you say that and what you have to pay somebody to a job is going up without them necessarily providing more more and it's interesting because I think I've mentioned this before when I did my when I when I studied economics ended my whatever thesis senior paper it was on that very thing that when you start paying people that and it's not tied to productivity you've used it's a real problem I have a problem here listen to consider this I'm Joe Clark along sure contest if you got a question or comment she was an.

Joe Clark
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

02:54 min | 1 year ago

"joe clark" Discussed on Biz Talk Radio

"Welcome to consider this I'm your host Joe Clark and I mean to cancer and we are absent one can Duggar no he did not go back to playing football she but it is time for thanksgiving and things get kind of busy and hectic so before we forget Angie this is the the thanksgiving week getting ready to approach yes and it is it is my favorite as they would say secular holiday Easter trumps everything but I love thanksgiving and I think it ought to have a song okay and I'm gonna ride it I am not okay there is it not you know let's have a contest going over the rewards three you know a mother's house we know that's always been deemed a Christmas song that I really think it ought to be a thanksgiving song okay and so we're going to change it as no I am not a singer and that you should thank your lucky stars for but today we got an interesting show for you but first entry his got some things that she wants to cover in this crazy world of interesting facts well I saw two articles back to back and so it made me stop and take note and the headlines were millennials declining health could hurt the economy and also the economic consequences of millennial health so millennials we talked about this before we've got the Gen axes which are you indict others the baby boom and there's people born after nineteen sixty four that are that the gin accents and that's engine nine yes you're barely in there you're more of a baby boomer even though I act like a baby you act like a baby wise I am of the full eighteen months into the baby boom generate X. generations ago so the millennials I'm going to gosh what was their group nineteen eighty six through through pretty much the end of two thousand okay okay I know we have some of our team some of the people you have to students that are millennial light a few they're known to be the most educated of all the groups but I the reason and I was curious about these articles these articles is because what it goes what it did is it was a Harvard study that compared an age range of thirty four to thirty six years old between our age group the Gen axes and the millennials and come to find out and one would assume that they were becoming healthier because our technology is better we know we can early diagnosis and arms center symptoms are where it's at by the lot as it turns out they're not healthy there are no heart healthy and I blame it all on technology and the phones and sitting around and this leads to all sorts of problems that will get at the end of the show but stick around we're gonna talk to you why it leads to consumerism problems why lose obviously the healthcare cost and why it breaks down some of our economic development that is so critical to our great country but in the meantime stick around for the show.

Joe Clark thirty six years eighteen months
Pentagon snubs Amazon for $10 billion "war cloud" contract

Consider This Program with Big Joe Clark

00:31 sec | 2 years ago

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

Pentagon Microsoft President Trump IBM Oracle Amazon Chad I Ten Billion Dollar
Trump-supporting Miss Nevada stripped of title for breaking 'no politics rule'

Consider This with Big Joe Clark

01:04 min | 2 years ago

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

John Hunt Long Beach California Katie Williams Donald Trump Instructor Army National Guard Afghanistan USA Ms America Ms Nevada Las Vegas President Trump Facebook Twenty Nine Year
Hong Kong Extradition Bill Suspended Following Mass Protests

Consider This with Big Joe Clark

00:25 sec | 2 years ago

Hong Kong Extradition Bill Suspended Following Mass Protests

"Protests. Continue in Hong Kong over a controversial Bill to allow suspects to be extradited to mainland China for trial. Protesters want Hong Kong's leader to resign. And for the Bill to be completely withdrawn so far in response to the protests, lawmakers have tabled it for now, but the protest organizers say they won't stop their activity until the Bill is entirely dropped

Hong Kong Bill China
Biden leads in latest Iowa poll with Warren and Buttigieg rising

Consider This with Big Joe Clark

00:36 sec | 2 years ago

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

Senator Bernie Sanders Senator Elizabeth Warren CNN Joe Biden VP Political Director Vermont David Challen Iowa Massachusetts Twenty Four Percent Sixteen Percent Five Percent
Tiger attacks zookeeper at Topeka Zoo

Consider This with Big Joe Clark

00:23 sec | 2 years ago

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

Topeka Zoo Brendan Riley Tigers Director
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

09:22 min | 2 years ago

"joe clark" Discussed on Biz Talk Radio

"I'm Joe Clark. And I'm Ken Dilger. Welcome to consider this program. Can have you ever bought a movie ticket or football ticket or something like that? And the other person didn't show up. No. Really you've never had that you've never been no showed nobody's ever gotten sick, or well, I have for lunch and other appointments like that. But for a big ticket item like that. No. They just show up with the flu and coughs. Fortunately, my case. Sometimes people have said, no. But the point is you can usually you've got choices when somebody doesn't show up. Right. You can either while I'm just not going to go or put it out and say, hey, you wanna go see the opening of this movie or the opening that usually somebody else will happily take their space in fill the time. There is there is a minor problem at retirement time, and it's not minor. I shush. I in no way, shape or form. Try to. Diminish this. But it is the loss of a spouse. Now, the bad news is that could be you could be your wife or it could be your husband. If you are the wife, right, depending on who's listening to the show. Bottom line is the loss of a spouse is one of the most frustrating things that happens in people's lives. You've just lost your partner. Last thing. We want to do is make it even more complex by the finances changing at home, but that is pretty much. What happens? So I want to walk you through one of my observations after thirty one years of being in the industry. That's what I call the seventy seventy seventy rule so part of this can you have to understand how your taxes work. And so we've talked about this on this show before that it's a series of stair steps. And so you, and I after our standard or itemized deductions you. You and I both have some money. That's taxed at ten percent. Me you Warren Buffett. Yeah. Well, do and then we take a stair step up. And it goes from the ten percent bracket to the twelve percent bracket. So a twenty percent jump, and we have some money that's tax there. And when people come in to see us, my planning team grant dean Jamie, Aaron we tend to be able to help to get most people in central Indiana into that twelve percent bracket, which is a magical magical thing. 'cause can that next step is to go up to the twenty two percent bracket. And that's a big jump from twelve percent to twenty two. Some people say, you know. Well, that's only ten percent. It's almost double what you're paying in taxes before. But those stair steps keep getting higher and higher and higher. Now, the amount that you pay on that each of those stair steps is based on your income, but can you and I do something today? And and we both put money in our 4._0._1._K plans, but Ken, and I are both married filing jointly. That means we have a spouse, and what we have witnessed is that seventy percent of the money that goes into IRA's and 4._0._1._K's and four zero three Bs if your teacher seventy percent of that money goes in while we're married filing jointly. Meaning that the we get the biggest tax breaks because we're married along the way when we're doing that saving the amount of money that we can make him be in the twelve percent bracket, married filing jointly is much greater than what can what happens for a single person. For instance. Seventy percent. This is the second seventy seventy percent of the money. That's an IRA's and 4._0._1._K's is not touched until you are forced to go through a defined distribution. And it's called a required. Minimum distribution. You have spent your life putting money into accounts, you've spent your life watching and nurturing those accounts as they were able to grow and to get to where we were you wanted him to be. And then suddenly the IRS tells you can now you have to distribute now you're going to enter a defined distribution by defined. I mean, they're even going to tell you the minimum amount that you can take. They are incomplete can charge your kind of partners with the IRS, but they've got all the votes. Right. And the the that defined distribution is a is a very expensive thing on your tax return when it's money that you don't need. But what's worse is seventy percent of the money comes out after one of the spouses has passed away. Now, you're no longer married filing jointly. Now, you're filing your taxes an individual as a widow or widower, and we even call it. The widow penalty. Or widower penalty. We had a situation can in here. About four years ago where a lady husband passed away. It's going to happen. God's going to call us all home. He died in the amount of money that she had to pay in taxes the next year when up by fifty three percent shell because her spouse passed away. So when we talk about this go back to the very first conversation, and we were talking about that shopping list. When I said, you are your own fiduciary. You're if you're working with somebody who's selling you products. You are your own fiduciary. You may believe they have your best interests at heart. They may believe they have your best interests at heart. Right. Everybody may believe that in you can work with people and should work with people that you like and trust. But you still don't ask your dentist to be a neurosurgeon. Right. You still want to make sure that they're qualified. And you wanna make sure when you go into a conversation. It's a safety valve, right? I when I go to the grocery store, I have a shopping list that way, I don't buy stuff that I shouldn't buy I have a process that says, hey, I want to check the calories to carbs to protein in the fat grams. So that I know what's going into my body. So I have a chance of living to be a ripe old age of that's in God's plan and. That's the strategy. And if you're going to buy a product when you look at these things you need to ask that question. It is not probable that. My wife of thirty one years, we'll die today that is not probable, but it is more than probable that. One of us will die first. And one of us will still have assets that are left, and we need to know how those critters are taxed how that money gets out. And so I would strongly challenge you as you look at your checklist. Make sure you go down that fiduciary focus. You ask yourself when I buy this product how much risk and volatility my accepting. And remember there are two different things. Right risk is me not getting my money back at all. Right. It's given Kim money to buy a house and not coming back at all. Right. It's volatility. It means that the value goes up and down all the time. And and one of the funny things in life, financially, folks. Most things are more volatile than we know the value of my house goes up every time a new family moves in comes into the neighborhood looking for a house that had that's just like mine, and when they turn around and leave to go to another neighborhood, the value just went down. It's just I don't have a CNBC to tell me every thirty seconds. What the value of my house was right risk and volatility the second. You thoroughly want to understand fees and expenses, but the fees are the things that are known. And some of those known things are stealth Ken. That means they come out. But you don't see them. They're still in the fine print. They still tell you they're coming. It's just not fees that you know, when you look at some of these annuity products in you break down the checklist on fees. Oh, my then you have the writers. And then and then you get into other known fees. The more talent any expense. But then you get into the unknown or what I like to call expenses. And that's that some of the trading cost and things that it takes to keep the policy functioning or the investments working, but when you get into the taxes, you got to really think about when win I'm I going to Blakely need this money. And what if I needed in an emergency? How am I taxed what if I needed along the way how my taxed when I take it out of retirement? How am I taxed what happens to my beneficiaries? When I die house at taxed, you've gotta know those questions up front, build your checklist, my friends and take care of herself while you're both still here and you have decisions and choices you can make. You're listening to consider this. I'm Joe Clark along with Ken Dilger. You've got question your comment. Shoot me an Email consider this at your life after work dot com. Get an I'll take a break. We'll be right back. Hi, I'm Ken Dilger co host with Joe Clark Joe is a certified financial planner and former professor at Purdue University Joe is the managing partner. For for the financial been group and Joe's passion is teaching people about their money. So they don't make inefficient financial decisions. Find out more at your life. After work dot com has been group manages more than three hundred ninety million dollars for families and thirty one states. Join Joe and me as we address your questions about money and five critical elements of finance planning, tax, planning, investment, planning life happens..

Ken Dilger Joe Clark Joe Clark Joe fiduciary IRA IRS football Warren Buffett Indiana partner CNBC Purdue University dean Jamie Kim Blakely managing partner professor Aaron twelve percent seventy percent
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

02:37 min | 2 years ago

"joe clark" Discussed on Biz Talk Radio

"I'm Joe Clark. I'm Ken Dilger. We are just plump tickled to have you along. Hope you're having a wonderful week. We've got a lot to do. I love the Andy Stanley thought process of life. And by the way, that some of the best wisdom that you can get your podcast listener sign up for Andy Stanley leadership podcast while you're there. Don't forget to sign up for consider this program. Andy ask his people three questions on when he does business consulting. He's says three questions can why are we here? What are we doing? And how do you fit in? Right. So why are we here the financial enhancement group? Sponsors the show. I'm the managing partner were registered investment. Advisers fiduciaries that help people with the financial world, whether it be legacy, planning or retirement planning distribution, those kinds of things that go in and on every day. What are we doing? Well, our mission is to take care of people who do not want to worry about their money. That's very important people who don't want to worry about their money and help them from making inefficient financial decisions that lead to frustration and devastation. How do I fit in? I'm from a family of teachers, I hate people that work are hate situations where people work, very hard and get paid very little or don't know anything about their money. I've watched it lead to divorce family feuds problems going through some of that right now on one of our one of our families that we take care of just so sad. And I don't want to have. That go on in your life or anybody else's life. So that's why I spend my time doing this show Ken shows up because he wants to make sure that I'm using the right words. So that you guys understand what they are. So when you hear him interrupt me and go what's that mean? That's what his job is. That's what he's that's what he's here for. So I by no means is Ken Dilger average. But for all intensive purposes on this show. I'm Joe, and he's the average Joe ombudsmen that's there to to make sure you're getting value out of your time. And that's a beautiful thing. It is blood donor month, you may not need the blood now, but maybe somebody in your family or you will need it at some time. I would tell you to go give and that's the same reason, we do financial planning. We're trying to get you to engage in your financial future. We're gonna talk today about trading your long term future for your short term peace of mind. And we're gonna talk about are you ready for this Ken, stocks aren't risky, really? They aren't risky. We'll get into that. And break that down for you again, go to the wherever you listen.

Ken Dilger Andy Stanley Joe Clark managing partner
"joe clark" Discussed on Biz Talk Radio

Biz Talk Radio

02:36 min | 2 years ago

"joe clark" Discussed on Biz Talk Radio

"I'm Joe Clark. I'm Ken Dilger. We are just Plum tickled to have you along. Hope you're having a wonderful week. We've got a lot to do. I love the Andy Stanley thought process of life. He said, and by the way that some of the best wisdom that you can get your podcast listener sign up for Andy Stanley leadership podcast while you're there. Don't forget to sign up for consider this program a bit Indiana, his people three questions and what he does business consulting. He says three questions can why are we here? What are we doing? And how do you fit in? Right. So why are we here the financial enhancement group? Sponsors the show. I'm the managing partner were registered investment. Advisers fiduciaries that help people with the financial world, whether it be legacy planning or retirement planning distribution, those kind of things that go in and on and every day. What are we doing? Well, our mission is to take care of people who do not want to worry about their money. That's very important people who don't want to worry about their money and help them from making inefficient financial decisions that lead to frustration and devastation how. Do I fit in? I'm from a family of teachers. I hate people that work are hate situations where people work, very hard and get paid very little or don't know anything about their money. I've watched it lead to divorce family feuds problems going through some of that right now and one of our one of our families that we take care of just so sad. And I don't want to have that going in your life or anybody else's life. So that's why I spend my time doing the show Ken shows up because he wants to make sure that I'm using the right words. So that you guys understand what they are. So when you hear him interrupt me and go what's that mean? That's what his job is. That's what he's that's what he's here for. So I by no means as kindle average. But for all intensive purposes on this show. I'm Joe, and he's the average Joe. Sure, I'm buds, man. That's there to to make sure you're getting value out of your time. And it's a beautiful thing. It is blood donor month, you may not need the blood now, but maybe somebody in your family or you will need it at some time. I would tell you to go give and that's the same reason, we do financial planning. We're trying to get you to engage in your financial future. We're going to talk today about trading your long term future for your short term peace of mind. And we're gonna talk about are you ready for this, Ken sure, stocks aren't risky. Really, they aren't risky. We'll get into that. And break that down for you again, go to the.

Ken Dilger Andy Stanley Joe Clark Plum Indiana managing partner
Sheriff: "The will of a 13-year-old girl is what broke this case"

Consider This with Big Joe Clark

00:29 sec | 2 years ago

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

Barron County Wisconsin Barron County Jamie Jake Patterson Wisconsin Twenty One Year Thirteen Year Three Months
U.S. sends troops in response to possible "violent" protests in Congo

Consider This with Big Joe Clark

00:21 sec | 2 years ago

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

Congo President Trump United States Rick Vincent Africa
Martin Sheen Found by News Crew After Son Charlie Reports Him Missing

Consider This with Big Joe Clark

00:25 sec | 3 years ago

Martin Sheen Found by News Crew After Son Charlie Reports Him Missing

"Now on the fires in California as actor Martin sheen has been found safe sleeping in his car. His son Charlie Sheen sent out a call for information on his dad and his mother on Twitter after they were among the hundreds of thousands of people who had to evacuate homes because of those wildfires burning in this case in southern California, a local TV station, located the elder sheen.

Martin Sheen Charlie Sheen California Twitter
Saudi Arabia, Saudi Government and President Trump discussed on  Consider This with Big Joe Clark

Consider This with Big Joe Clark

00:25 sec | 3 years ago

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

Saudi Arabia Saudi Government President Trump Washington Post Jamal One Hundred Ten Billion Dollar
Saudis warn against "threats" after Trump's comments on missing journalist

Consider This with Big Joe Clark

00:25 sec | 3 years ago

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

Saudi Arabia Saudi Government President Trump Washington Post Jamal One Hundred Ten Billion Dollar
Israel Israel, Israel and United Nations discussed on  Consider This with Big Joe Clark

Consider This with Big Joe Clark

00:49 sec | 3 years ago

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

Israel Israel Israel United Nations United States Gillum Reporter Umra Jerry Oh Gillen Charlottesville Oregon Andrew California