transcript

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Episode #513 - Should I Consolidate My Accounts in Retirement? 

Roger: I am always amazed at what cool things present themselves when you're paying attention. Here's an example. Last week I learned, Festina Lente, "Make haste slowly." I like that.

Well, hey there.

Welcome to the Retirement Answer Man show, my name is Roger Whitney, I'm your host. This show is dedicated to helping you not just survive retirement, but to have the confidence because you're doing the work to lean in and really rock retirement. Today we're going to answer a number of your questions as well as having a Bring It On segment, I think with Mark Ross today. I have to check on that. 

Festina Lente means make haste slowly. I forget exactly where I came across that, but when I heard it, and I'm sure I've heard it before, it never stuck with me. I had to look it up and I put it into my note taking system, Obsidian, which we'll talk about at some point, maybe.

I like that, make haste slowly. Of course, I think in the lens of retirement planning, how does that apply to what we're doing? 

Well, a few weeks ago, we invited in all the new members of the club in the fall cohort, and we had a kickoff meeting about doing the masterclass, which is about 12 modules of incremental exercises to build a retirement plan of record.

Some people hadn't started yet, which is cool. I'm already in module eight. People were all going at different speeds. When I think of retirement planning, we definitely need to make haste. The sooner we can begin to be intentional about the transition towards retirement, the more time we have to look at different options and really figure out how to navigate this transition.

So, we definitely need to make haste, but it's also very easy to do it too quickly. There was some random debate I saw on Twitter the other day between retirement planners of we can make a retirement plan in an entire day, and they had this whole day mapped out of meeting after meeting with the client and then a lunch break and then they came back and meeting after meeting after meeting and they could come out with a comprehensive retirement plan.

I thought to myself, well, that's sort of silly. You can't have a comprehensive retirement plan in a day because it's not a day exercise. Sure, you probably could check the box and create a document. But a lot of the issues that you're dealing with in creating a retirement plan, you have to marinate over.

You have to consider; do I really want that? Just doing it in one day doesn't allow you to step away, to have conversations if you have a spouse, or to contemplate some pretty big life decisions. So, we do want to make haste and get things done. But we also want to do it slowly so we can flesh out the process and the decisions that we make. I love that one.

I just wanted to share that with you. I don't know why. 

The second thing I want to do is make a correction. So, a few weeks ago, I finished The Count of Monte Cristo written by Alexander Dumas, as I pronounced it, and I got a tweet from someone. I don't know who it is because they didn't put their Twitter profile doesn't show their name, but they say, oh, what was it?

"Roger, you pronouncing Alexander Dumas name as "Doo-mas" hurt my soul. Thank goodness your financial prowess makes up for it."

 I wanted to apologize for mispronouncing an amazing author. It is Alexander Dumas, I believe. I went and listened to some audio pronunciations of it. Dumas, not "Doo-mas". I had replied to this person on Twitter.

"Oh no, so sorry about that. My pronunciation issues are well known. Had speech therapy as a child, perhaps I'd need more."

So, I just wanted to make that correction for the record. 

All right, the last little bit of housekeeping before we get to your questions is we are looking for volunteers for our retirement plan live starting in January. We'll be recording it in December. This is our annual case study with a listener where we randomize, or we hide who they are and they come on the show with me so you can listen in as we go through a process to build a retirement plan of record. We had Rosie last year. where she retired and then went into a bear market. You can check that out last January. 

This January, we're going to have, as a case study, someone that is married later in life, where two spouses were either divorced, or they were never married, or they were widowed. They're bringing assets and perhaps family into a blended marriage later in life, and that presents particular challenges and opportunities that we're going to walk through with this subject.

We need somebody, and this might sound like you. 

So, in our 6- Shot Saturday email, we'll have a link to a quick form where you can raise your hand to volunteer as the subject for this case study and work with us on the show to walk through building a retirement plan of record. We'll review all the people that raised their hand, and we'll reach out to some of you and perhaps have a quick chat.

If you'd like to do that, we'll have a link to that forum in 6- Shot Saturday. If you're not signed up for 6- Shot Saturday, I suggest that you do. It's just as good or better than the show. It's where we summarize everything that we've talked about, and we share links to resources that we mentioned.

So, it's definitely a good resource that we put a lot of work into. You can sign up for that at RogerWhitney.com or SixShotSaturday.com. With that, let's move on to answering your questions.

LISTENER QUESTIONS

If you have a question for the show, you can go to askroger.me and type in your question. Leave an audio question. You can just say hi. We always love to hear from people. 

SHOULD GREG AND HIS WIFE CONSOLIDATE THEIR ACCOUNTS?

Our first question comes from Greg related to consolidating accounts. 

Greg: Hi, Roger. This is Greg. I was curious. My wife has her retirement program with a company called Milliman and I have mine with a company called Fidelity.

When we retire, should we leave our money in two separate places, or should we find a way to bring both of our accounts together? I look forward to hearing your answer. 

Thank you. 

Roger: It's a good question, Greg. So, your wife has a number of accounts at Milliman. I'm assuming these are brokerage accounts, IRAs, maybe Roth accounts, perhaps 401k accounts. Then you have yours at Fidelity in whatever number of accounts. So, the first question, should you bring them all together? 

Well, regardless of where you have all the assets housed in terms of financial firms, Greg. If there were an individual retirement account or Roth account, those would always be separate because those are one owner accounts, your IRA, you can't combine your wife's IRA into that IRA.

Same thing goes with a 401k, if and when you retire, if you move your 401k to an IRA, you're just going to have your own individual accounts for those type of account styles. Now, individual after-tax accounts, maybe a bank account or investment account, you can definitely move those into, say, a joint account.

So, there's only so much simplification that you can do in terms of actual accounts. Now let's go back to the other part of the question of we have these two different financial firms of where the accounts are at. Should you combine them with Milliman or Fidelity or some other financial firm so all of the accounts are in one place?

My question back to you, Greg, would be, what is it you want to accomplish in doing that? Is your wife happy with Millman and how the accounts are structured? Are you happy with how things are going at Fidelity from a fee perspective, service perspective, investment perspective, etc.? If you are both happy, then does it have to go into one firm? 

The complexity added is yes, she has accounts that she has to log in at one place and get statements from Millman. You have to get them from Fidelity. But if that's working for you and you feel like you have a coordinated retirement plan, which is actually separate from the financial accounts because you can build an overarching retirement plan of record outside of where the accounts are.

Having them all in one place let's say it. Fidelity, as an example, might create some simplicity in management because you only log into one portal, you get the account statements that are all under one household, you're only dealing with one service organization rather than two service organizations, etc. I personally am a big fan as you're coming close or into retirement to consolidate investment accounts as much as possible at one hub, whether that's Fidelity, Milliman, Vanguard, Schwab, or whatever.

My reason for that is it's like your clothes closet. I've been using that metaphor a lot of it's easy to have all this stuff everywhere, and this is a good time to get a coordinated wardrobe because when you are transitioning to retirement, Greg, you are changing your entire investment strategy to a decumulation mindset from an accumulation mindset.

That requires a lot of fresh thinking and how you allocate things, having all of the accounts at one firm gives you a lot easier access to all of that data to do that work. So, I'm not necessarily opposed to having them at different accounts. It's really a matter of what it is that you're trying to solve for.

The things you want to look out for when you're considering this, I think, Greg, there's one, the fees involved at each firm. I don't know Millman, I'm not familiar with them. What exactly are they doing? Investment wise, are they managing it or is it self-directed by your wife? What fees are involved in not just the investments that they own, because those investments will have their own fees, but is she using an advisory service where they're charging a percentage of the assets that are being managed?

Get an understanding of that and what value they're adding to whatever the fees are, and then you can do the same thing for fidelity. That will give you an idea of, well, maybe we don't need to be paying those fees over there if we consolidate it all over here. 

The other thing is to look at the actual investments.

Now, Fidelity is going to be pretty vanilla in that there are public investments that can be held everywhere. I'm not familiar with Millman, but a lot of investment firms, especially when there are advisors involved, can be some proprietary funds or investments. in her account that maybe nobody knows about or hasn't thought about.

What that means is a lot of larger firms will create a product specific for clients at their firm that can only be held at their firm. So, if you were to try to consolidate to Fidelity, it might not move over to Fidelity because Fidelity won't deal with this special weird stuff that's over there.

This would be a good time to assess what do you own in each account. How liquid is it? What are the fees that I'm paying in each account? Then what am I trying to accomplish in consolidating these accounts? I like the idea of consolidation, because it's simpler when you're doing your planning, and it's also much easier from a service perspective when something's really needed because you have all the stuff in one place, and you don't have these hanging chads out somewhere else that you have to go do a different 800 number and go through a whole different service model. 

Those are some of the considerations that come to mind, Greg. 

USING THE OBSIDIAN NOTE-TAKING APP

Our next question is actually a comment from Jim.

This must be why I mentioned it earlier. I knew this was in here. 

Jim says, 

"Hey Roger, I'm retired for a year and a half. Your newsletter a few weeks ago casually mentioned you're using Obsidian to take notes. OMG, I am loving it, he says. It is what I've been looking for, ever for, and I have time to play with it now.

There's so much for a geek like me. I just found out you can listen to podcasts and take notes. Wait for it, in Obsidian. Thank you for the casual mention."

So, I'm guessing most of you have no clue what Jim is talking about. There is this class of note taking apps, Obsidian being one of them. Another one that I've played with is one called Notion. You can actually run a business out of Notion from a structural standpoint. You can highly customize these things, Obsidian being one of them, in how you organize notes, how you tag things. It's this. Idea of this second brain where you can connect dots. I use note cards and I use Obsidian.

I'll be honest with you, Jim, I don't have time to geek out on it as much as I would like to. Obsidian is something that basically creates note files within your computer, but you can use the Obsidian overlay to manipulate and organize the data and the creativity on how to do that is pretty endless.

So, it can be a little bit of an infinity hole where you can get more into organizing your system than actually using your system, which I'm sure Jim can attest to. Same thing with notion. 

I did actually buy Jim, the field notes from Max Sparky, maxsparky.com. Max Sparky is a podcaster, he creates excellent how-to's in organizing, say Obsidian or other things, but I haven't been able to dive into it.

At some point, Jim, maybe I'll have time to geek out on this and make it sing like you are. So, thanks for the shout out. 

LARRY'S QUESTION ON RMDS AND DOWN MARKETS

Our next question comes from Larry noodling on RMDs and down markets.

So, Larry gives a lot of context, but the central question that Larry has is to know about required minimum distributions and how they interact with a down market.

In some of the context that Larry provides is that, you know, he has a lot of money in pretax IRA and 401k assets, and really not much in Roth assets.

A lot of people are in your position without a lot of Roth assets. You've come up with one valid option, which is making Roth conversions, which is taking money from a pretax account, essentially paying taxes on an amount and then moving that into a Roth account and moving the tax liability on your IRA asset or part of your IRA asset to today, rather than having a looming tax obligation building that will either hit you in terms of required minimum distributions or hit your heirs in terms of their required minimum distribution. So that's what a Roth conversion could be.

I think it makes sense to look at that. Once you have a resilient plan of record, so you know how you're going to pay for your life, this is a way that you can optimize your plan and enhance your journey by looking at doing Roth conversions to essentially pay taxes for your future self and de risk the tax risk for you, your surviving spouse, or your heirs.

Part of Larry's concern is, well, I have these Roth, or these required minimum distributions that I'll have to do when I'm, say, 73 or 75. What happens if the markets are going down when I have to do these distributions now? I have sequence of return risk. 

Well, two thoughts there, Larry. 

One is that just because you take a required minimum distribution doesn't mean you have to spend the money.

You can withdraw your equities to satisfy the RMD during a bad market, then turn around and invest those dollars into similar equity investments in a taxable brokerage account. So, it doesn't mean that you can't have invested outside of once you make the required minimum distribution. 

The second option is to keep a year's worth or more of your required minimum distributions in cash or cash equivalents so you can prefund those withdrawals, so you don't have to worry about selling or dealing with a down market in terms of required minimum distributions.

In the resilience stage, when you go through mapping out how you're going to pay for life, you can start to think about these things. That's one of the nice things about building out this roadmap. Just for five years is then you can see these issues, and when you're allocating your assets, you can make sure you have some cash reserves there if you're not going to keep it invested so you cannot have to worry about selling as much in a down market. 

Hopefully that gives you some perspective. 

MY RECOMMENDATION ON READING MATERIAL FOR SANDY ON MONEY MANAGEMENT

Our next question comes from Sandy who is looking for some light reading. 

Sandy says, 

"Hey, Roger, I know you're an avid reader and was hoping you could recommend a few books regarding self-managing investments, including tax lost harvesting, when to take gains on ETFs and mutual funds, withdraw strategies for retirement.

My husband and I are now 65 and are both retired. We have brokerage accounts, Roth, 401ks. Also, how many funds are too much? 

By the way, I hope this isn't jumbled. This is an email from my iPhone. I love listening to your podcasts. By far the most informative. and entertaining in regard to money management as well as well rounded."

Appreciate that. So that's a great question, Sandy, and I apologize. I'm a little tardy in getting to this question, so forgive me for that. 

FYI, we have a Goodreads group called Retirement Answer Man, that you can join where I'm building a library of books that I've read and reviews of books that I've read and as I build that out, we're going to categorize them in different subjects or categories so we can share and have a library of sorts of good reading if you're on Goodreads.

I just started back into it, I'm sort of digging it. It allows me to track my books a little bit easier outside of Obsidian. We have a Retirement Answer Man group in there that you can find. So definitely start with books at your local library. Look for ones that focus on educating instead of authors trying to sell you something.

In our Rock Retirement Club, we've done a lot of book studies. Those top picks, and to ask questions about this, The Behavioral Investor was one book, 48 Days to the Work You Love, Don't Retire, Rewire. Then Younger Next Year, which is more about the physical aspect of it. My book, Rock Retirement, I think is one that you could throw into the mix there.

I think Stacked by Joel Saul-Sehy and Emily Guy Burken, I think the last name is. A Simple Plan to Wealth is another great book. 

If anybody else has a book that they would suggest for basic retirement planning or investment management, feel free to shoot us an email and reply to 6- Shot Saturday. Maybe we can recommend some more and build that out.

I'm trying to think of books, Sandy, that aren't too complicated. We can get really geeky when you get down to this. One of my favorite books on investment management is Winning the Loser's Game, which is an older book by Charles Ellis. That was definitely impactful on me. I'm looking at my bookshelf here. 

Hmm. You want to get a little geekier, you can go to Retirement Portfolio, which is by, what is that? Zuercher. That's one of the OG, best in breed books, can get a little geeky. 

Wade Pfau has The Retirement Income Guidebook. That's a good reference book. Definitely going to get a little bit geeky, but definitely one of those essential books that you want to have on your shelf. 

So, there's a couple of examples, Sandy, and we'll try to come up with some more. 

WHAT IS AN LIRP?

Our last question today comes from Carol. 

Carol said, 

"I heard a Financial Planner infomercial on TV in which the host talked, very fast, about strategies for retirees to avoid paying income tax on IRAs and how to avoid having distributions send one into a higher tax bracket in IRMA.

One of the things he mentioned, which I was not familiar with, was LIRPs. This caught my attention because I'm 78 without long term care policy. He claimed that monies can be drawn from one of these policies tax free to pay for long term care or anything else, and that it would also mean that the heirs wouldn't have to pay tax on inherited IRA.

Have you done a podcast on this?"

So, Carol, a LIRP is a made-up term, first off. 

It stands for Life Insurance Retirement Plan. There really isn't such a thing. Which is another name for typically whole life insurance, which is permanent insurance where you build up cash value, but it's not a product that's a good fit for many people.

As for the tax advantages, when you already have your money in an IRA and you're in distribution phase of retirement, you'd have to withdraw the money from the IRA and pay the taxes on it, so there's no magic bullet here. 

For those of you in the accumulation phase, if you're already maxed out in your other retirement vehicles, you could argue that you could put money into these life insurance policies, permanent life insurance policies and accumulate cash value and then potentially take loans against that cash value, which are in theory, tax free later in life.

But let's not use a term called a LIRP, life insurance retirement plan. That is a marketing term and you nailed it. I think the last person you want to look for information from is a fast-talking financial planner that is essentially a life insurance salesman, most likely. There are a lot on the internet. Andy Pankow has a blast with these on LinkedIn, he just makes me laugh.

Andy and I perhaps need to do a theme on permanent life insurance, and the role that it can and cannot play in a retirement distribution strategy. I tend not to use life insurance, so I maybe have a bias here for this type of stuff.

They're very easy to get into and very complicated to get out of. I've had to deal with the back end of getting out of them, especially after loans were done. 

So, Carol, you're 78. I'm hoping you're having a great life. This is something you just need to sort of giggle at and look another way. With that, let's move on to our Bring It On segment.

BRING IT ON WITH MARK ROSS

Now it's time to Bring It On and talk about the non-financial aspect of retirement, and specifically the relationship pillar with retirement coach Mark Ross. Mr. Ross, what's going on, buddy? 

Mark: Hey, Roger. Man, I'm just happy to be here. I just love these segments. 

Roger: I love our relationship, by the way. Just so you know.

Mark: Absolutely. 

You know, we've known each other for, I think, ten years now. I remember a day when you talked about it, I think I'm going to start a podcast. I think I'm going to call it the Retirement Answer Man. Then fast forward a few years, I think I'm going to start a club called, I don't know, the Rock Retirement Club.

It's amazing when you lean into your interest and point in the right direction for your values. Like, wow, here we are today talking. Who would have thought, right? 

Roger: Who would have thought? Who would have thought? 

So how do we improve our relationships and work on this in retirement? 

Mark: Number one, be aware of it.

I remember before I retired from my long career, I read a couple books. There weren't that many at that time. I started kind of prepping 10 years ago. There just weren't that many resources on the market like there are today. I remember reading through the top 10 ways to flunk retirement. At the very top was watch out for your relationship. If you're a couple, man, there's just so much we could say about that on this segment. We won't go that deep, but at the top, if you hear nothing else, communication. 

In these little conversations, as you've mentioned, Roger, along the way as we prepare for retirement, and maybe you're already there and it's time to freshen it up, is just talk to each other.

Yesterday, my wife Jeannie, I asked her these questions and sometimes she doesn't answer them the way I'd like her to answer them, like right then, but she said, you know what would be the cat's meow for me? She said, just for our kids to live, they have families now to live close to us where I can help out more.

See, that was a little tiny conversation with big payload in it for our relationship, just to have those kinds of conversations that, hey, when you retire, it's going to be different, and you can prepare for it. But until you're there, you just don't know. So, communicate about, what's your vision of what it's going to be like?

Just make it up if you don't know and talk about it, and that never stops, by the way. 

Roger: Well, what I heard there was more listening of, she's not going to tell you directly, but if you're paying attention, you'll find her revealing some of what she wants. 

Mark: Yes, and be mindful. 

Roger: If you actually hear it, right?

It's not one where if you ask the question, she will tell you or vice versa. She has to be more like a cat, explain it to you on her terms.

Mark: Precisely.

If you're the one listening to this today in the relationship It's I charge you hereby to listen to be alert, to be aware that if you're moving toward retirement or already in it, but especially if you haven't had any experience with this, just talk to your partner and listen and talk about these things. They don't have to be long and drawn out.

Another thing just to hit on quickly that is sometimes overlooked, interestingly, is have a financial plan of record together.

The money thing, it’s a whole new world of how you pay yourself in retirement for most of us and if you're not on the same page with your partner, it can create a huge wreck in your marriage, in your relationship. So have a plan of record.

Another thing is and I’m kind of going down a quick list here, just listen up folks, roles and routines.

I used to mow the yard, now we have someone doing it, thank you. But I do things around the house now, where we live, and my wife does things, and we kind of divide it up to chores, but we do it differently than we did when I was working full time.

Then another one is social connections.

Even though you have a couple friends, maybe some aren't retired. It changes things. You're going to lose your work family for the most part. You think, ah, we'll get together for lunch and all that kind of stuff. Well, that pretty much fades away for most of us and you have a whole new world in front of you of, how am I going to find my own friends? How are we going to find your friends and then our friends? 

So that's another big deal. One that maybe you can comment on Roger, is just health and energy. How does that play into retirement as a couple? 

Roger: Well, I'm not retired. 

Mark: Well, you're not retired, but you're around people who are all the time. 

Roger: I'm just teasing.

My thought is, many times people aren't on the same page when it comes to health and energy, right? Everybody's on their own journey and dealing with their own issues on lots of different things. It can be frustrating for both parties. So, if one is really focused on their health, and the other one isn't doing the same things. It's very easy for the one that's very intentional about exercising and eating right to try to coach and tell the other person that they should do that too. 

Don't do that. 

Mark: How's that working for you? 

Roger: Don't do that. Just like we try to tell people, whether it's our kids or our friends, what they should do.

It's better to try to live as an exemplar and be on your own journey. It's much more attractive and your success in helping the other one in whatever areas they need help with is going to be higher if you just focus on yourself and vice versa, right? 

But it's very difficult to have productive conversations or have a vision for what we want if we're not healthy and energetic.

Mark: So true, and it's underestimated. We get into the flow and the sometimes the grind of our careers and we somehow survive through that and thrive at times. Then you have a new opportunity to spend time together more time than you have in the past. One may want to travel, one may want to be active, and if you have these little conversations along the way. You may never be on the same page, but you know where you are and you've both agreed on it. 

Like, I know you like to do active kind of things and maybe Shauna doesn't like to do them as much as you do. The way you like to do them, like riding horses in Mongolia and things like that.

That's a huge difference, you know? 

So, one of the things I'd say about this whole Retirement relationship as a couple is just be patient with yourself, be patient with each other, be flexible, and hey, y'all out there listening right now, I know that you know this stuff, but it's good to be reminded, right?

Roger: I want to pivot a little bit here, Mark. 

Mark: Yeah. 

Roger: Because we're talking to married couples. All of this applies to someone that's retiring alone. 

Let's use an example of, it's very difficult for me or an individual to actively think and determine what I want. It's important that we listen to ourselves and we observe ourselves because a lot of time what our priorities are, even if we can't articulate them, plays out in how we operate in things we say to other people.

So, it's important to listen to ourselves and see our actions in action because when we're intentionally thinking about it, sometimes the blinders are on. It's important to see, am what I'm saying is important to me actually congruent with what I really want that I'm just maybe not willing to admit to myself.

So that's number one. 

Secondly, this idea of a plan of record, having a retirement plan of record, the beginning of that is your vision for what you want your life to look like, right? Through walking this, yes, you have to be congruent. with couples, but as an individual, the very act of deciding what I want my discretionary money to be spent on, when I'm going to retire, what that's going to look like, the very act of doing that, which is required to create a retirement plan of record, forces us to decide and not live in ambiguity or options.

Doesn't mean you can't change it later on but decide means to cut. So, it forces us to cut other options, at least for that moment. If you're walking this journey alone, you have to do that for yourself because we'll end up having the paradox of choice and never actually deciding means we're actually not going anywhere.

So, all of these things that we're talking about, health and energy are important, whether you're married or an individual. 

Mark: For sure, each of those experiences had its challenges and the easy parts and the hard parts. But, in the end, from my own personal experience, it's just, it's a work in progress still, and it always will be. 

Roger: It always will be. Thanks, buddy. 

TODAY’S SMART SPRINT SEGMENT

On your marks. Get set,

and we're off to take another baby step to not just rock retirement, but rock life! 

We're going to continue with the theme on end of year housekeeping, and I want you to just review if any of these things, I'm just going to name a couple, come into play for you. 

Number one is, are you subject to taking required minimum distributions, either for your own IRA or an inherited IRA?

If you are, make sure, double check that they've been done. I have seen many RMDs missed because they thought they were done. It just slipped our mind. So, if you are subject to a required minimum distribution from an IRA because you've reached the age or you have an inherited IRA, double check that you calculated that amount right, and you've completed that. Don't wait until the last minute because it becomes a big paperwork avalanche for all of the major firms because they're not just dealing with that, but they're dealing with a lot of other types of end of year planning. 

Another one would be, are you charitably inclined? Do you typically give to charities each year?

If you are, and you're over 70. 5, you can use a qualified charitable distribution to satisfy some of your RMD, if you don't need the required minimum distribution, you can do up to 100, 000. You just have to be over 70. 5.

Then secondly, related to charitable giving, if you're going to give to charity, let's assume you're going to give 10, 000 to charity.

You can give them 10, 000 in cash, but you can also give them, let's say, an asset like a stock worth 10, 000 that maybe you bought for 2, 000 and you have this huge unrealized capital gain. If you do that, you'll get a tax benefit for all or part of that gain and not have to pay tax on the capital gain because you've given it to charity.

It can be very helpful to give a highly appreciated asset rather than cash. I've seen in the past people sell an appreciated asset, realize the tax, and then give it to charity. Probably not the best way to do that. 

The last thing I'm going to mention, in case it impacts you, is if you have a flexible savings account, remember, you want to get that distributed before the end of the year.

So those are just some housekeeping issues. Maybe none of these apply to you. Well, awesome. Go read a book. If they do, take a little baby step to clean up our financial house before the end of the year.

CONCLUSION

Thanks for hanging out with me today.

In honor of next week, which seems like an early Thanksgiving on the 23rd. I want to start. Reminding you that I'm very thankful for you for listening to the show. You give us great feedback. Having this show and being able to hang out with you every week over almost 10 years has changed my life in all positive ways, in ways I can't even imagine.

I hope it's had a positive impact. in your life. 

The opinions voiced in this podcast are for general information only and not intended to provide specific advice or recommendations for any individual. All performance references are historical and does not guarantee future results. All indices are unmanaged and cannot be invested in directly. Make sure you consult your legal, tax, or financial advisor before making any decisions.