WEBVTT

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[SPEAKER_01]: Hello, and welcome to another episode of Beyond the Spectrum every age every need.

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[SPEAKER_01]: I am your host, John Francis, and today we're going to get into something that on the surface, the actual topic is important, there's nothing controversial about it, and there's nothing touchy about it.

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[SPEAKER_01]: At the core, but on the surface, it might be simply because of

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[SPEAKER_01]: we're going to talk about being able to decipher a message from a messenger and actually take a look at value for our children.

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[SPEAKER_01]: I want to encourage you to keep an open mind and keep in mind that that is what the topic is actually really about.

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[SPEAKER_01]: Though it might be easy to

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[SPEAKER_01]: lose sight of that fact, but let's jump right into it on another episode of Beyond The Spectrum.

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[SPEAKER_01]: Alright, let's get ready into it.

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[SPEAKER_01]: Before we get started, I'd like to thank our community partners beginning with Billy Footwear.

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[SPEAKER_01]: They are the makers of adaptive footwear for all the story of the company is fantastic, but nothing compared to the story of the founder, Billy Price, suffering a catastrophic injury.

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[SPEAKER_01]: It's first week of college as a freshman and became paralyzed as a result, and I had to learn how to do everything all over again for himself.

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[SPEAKER_01]: He was able to do so with the exception of putting shoes on.

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[SPEAKER_01]: A prototype was built, Billy Footwell was born, and over a million pairs of shoes have been sold since and countless lives have been touched.

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[SPEAKER_01]: If you click on the link in the show notes, you can get 10% off your final purchase with Billy Footwell.

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[SPEAKER_01]: Our other community partner is a fantastic company called SoulGrain.

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[SPEAKER_01]: And there is a natural ingredients, nothing added.

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[SPEAKER_01]: And you know, I would talk about anything that matters to the general population matters to those of us who are caregivers in our community 10 times more so.

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[SPEAKER_01]: The nutrition is no exception.

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[SPEAKER_01]: And so when you're looking at,

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[SPEAKER_01]: foods that don't have additional fillers or harmful ingredients, so grain is at the top of the list.

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[SPEAKER_01]: And their flavors are fantastic.

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[SPEAKER_01]: There's a sweet potato pie, there's a banana pudding, and they have a new flavor that's coming out.

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[SPEAKER_01]: I believe this one as well.

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[SPEAKER_01]: If you click

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[SPEAKER_01]: you will get 10% off your final purchase.

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[SPEAKER_01]: And we want to welcome our newest partner, which is Meet B.

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[SPEAKER_01]: That is M-E-E-T-B-E-A.

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[SPEAKER_01]: B is a behavioral

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[SPEAKER_01]: an incentive aid, if you will, for those who are caregivers and we suffer various forms of burnout, whether you're peer-giving for a child with a disability and elderly individual, or someone that has an issue with substance abuse, what we does is it coordinates between the stakeholders, meaning the person that's being cared for, the caregiver, and any therapist

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[SPEAKER_01]: feel a virtual wallet that the person who's being cared for has access to a certain limited time and provided that they have met the requirements to receive those funds.

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[SPEAKER_01]: then those funds are given to them.

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[SPEAKER_01]: So it's meant to build a bridge between support, peer-giving, and independent.

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[SPEAKER_01]: And if you click on the link in the show now as you will get 10% off your final purchase.

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[SPEAKER_01]: So let's get right into, oh, I'm sorry, let me back right up.

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[SPEAKER_01]: I also want to encourage you if you,

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[SPEAKER_01]: Are you or someone you know is a male and a caregiver or father to someone with special needs a diagnosis disability or the elderly?

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[SPEAKER_01]: I'd love to encourage you to join us for our men's group known as the DIN.

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[SPEAKER_01]: We meet biweekly on zoom are the time of this recording.

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[SPEAKER_01]: Our next meeting will be from today.

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[SPEAKER_01]: So it's every other Tuesday.

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[SPEAKER_01]: And we meet from 430 to 530, a specific time on Zoom.

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[SPEAKER_01]: And it's just what it sounds like.

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[SPEAKER_01]: The name was chosen or created, because then, as a place where you usually, you know, relax in a home, you're able to be yourself, kind of put your feet up.

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[SPEAKER_01]: Like I'm right now, tuning in, actually came up with that name.

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[SPEAKER_01]: And it's a safe place.

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[SPEAKER_01]: You can come there and do not much more than simply introduce yourself.

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[SPEAKER_01]: and hear people that have stories that will let you know that you're not alone.

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[SPEAKER_01]: You know, there are more than, I don't know how I want to say more than enough.

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[SPEAKER_01]: I don't know what enough is, but there are a lot of spaces for women who are caregivers to bond and share hopes, dreams, fears, accomplishments, wins, losses, and things of that to work and come together.

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[SPEAKER_01]: Not only are there not as many places,

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[SPEAKER_01]: I'll like that from then, but as men, we're not encouraged to do those things.

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[SPEAKER_01]: We're expected to kind of just soldier on and be certain.

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[SPEAKER_01]: as a man, we do that to a fault.

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[SPEAKER_01]: So we're not exactly emotionally in touch.

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[SPEAKER_01]: That doesn't have to mean that anybody's in touch with your feminine side on the bottom thing.

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[SPEAKER_01]: That's a bad thing.

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[SPEAKER_01]: But it's just about being able to have a place where you can be reminded that you're not alone.

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[SPEAKER_01]: And I think that makes us better men, that makes us better husbands, but if fathers, sons, brothers, and friends.

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[SPEAKER_01]: So the link to joint is in the show notes as well, if you can build

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[SPEAKER_01]: what we are going to talk about today.

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[SPEAKER_01]: I have to admit that I kind of went back and for this to whether or not I wanted to address the subject because I think that the subject that can is not something that I have any apprehension about.

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[SPEAKER_01]: There's a risk of there being a misinterpretation as to what the real topic is and what I'm interested in and I think other

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[SPEAKER_01]: that could give us an edge, an advantage, a gain, if you will, when it comes to planning for our financial future and that of our children.

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[SPEAKER_01]: And as a father to seven children, one who is 20 years old and was diagnosed with autism at the age of three, and as a licensed financial services professional, that matters to me.

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[SPEAKER_01]: So with that in mind, well, we'd back up a little bit.

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[SPEAKER_01]: I understand that there are justifiable reservations with regard to anything when it comes to Donald Trump, okay?

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[SPEAKER_01]: There's a way I'm looking for that volatile.

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[SPEAKER_01]: But very, you're either, you have a lover more ahead of.

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[SPEAKER_01]: There's some people that are maybe in the middle.

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[SPEAKER_01]: And today isn't about any of that.

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[SPEAKER_01]: And I'll be the first to admit that when I first heard about the Trump accounts, maybe because this name is on it or something, it seemed like a vanity play, so to speak.

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[SPEAKER_01]: It might turn out to be that over time.

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[SPEAKER_01]: I have no idea.

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[SPEAKER_01]: But what I did think about is that there's any chance that there's anything of value.

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[SPEAKER_01]: Why do some research begin in kind of figure that out?

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[SPEAKER_01]: And my objective here today is not to tell you whether or not you should invest in these Trump accounts.

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[SPEAKER_01]: something for each person to decide, even as a financial professional, I always tell people that why objective is to put people in a position to make a well-informed choice, not to make one for them.

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[SPEAKER_01]: They may ask me what I might do if I were in their shoes and then I would answer that, but as a professional, what I generally do is give some information for the purpose of education, then do some fact-finding and let the client know that the information you share with me

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[SPEAKER_01]: How truthful that information is is going to determine the level of potential value that my recommendation could be for you.

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[SPEAKER_01]: Whether you're looking at data elimination, short term savings, long term savings, life insurance to protect against income.

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[SPEAKER_01]: To protect against income loss, pay for final expenses.

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[SPEAKER_01]: Or if you're not looking for a life insurance, but you've just found out about this week,

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[SPEAKER_01]: You know, our out there are not a lot of people know about, but at the end of the day, I have to gather that information, and that would look at the numbers, but also figure out what's important to you, what's important to you specifically, because some people will say, well, I want to be wealthy, what does that mean?

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[SPEAKER_01]: Success doesn't mean the same thing to all people.

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[SPEAKER_01]: There's some basic things that apply across the board, but the greatest, the specificity, the greater the chance of achieving that goal or success.

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[SPEAKER_01]: This is no different.

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[SPEAKER_01]: My objective here is to, you know, I gather some information which I have and put you in a position to make a well-informed choice.

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[SPEAKER_01]: I don't know whether or not my wife and I are going to take advantage of these accounts.

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[SPEAKER_01]: But that's a personal choice for each person to make.

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[SPEAKER_01]: And I think that, again, I talked about separating the message from

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[SPEAKER_01]: most people would agree no matter where they stand and how they voted can be a little off-putting to put it lightly.

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[SPEAKER_01]: You know and if you don't agree with the things that the messenger says in this case Donald Trump and the matter in which he delivers it and all these different things

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[SPEAKER_01]: right away brush off something just because he's associated with it.

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[SPEAKER_01]: And I understand the temptation to do that.

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[SPEAKER_01]: But in the interest of being the best parent, the best caregiver possible, I thought, well, if there's any chance that there's anything worthwhile about these things, I sure would like to know.

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[SPEAKER_01]: So I did some considerable research here.

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[SPEAKER_01]: we'll go ahead and share just the information and then give some of my my take as well.

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[SPEAKER_01]: But I'm focused here and just getting information.

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[SPEAKER_01]: So again, like I said, this is not about about Donald Trump.

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[SPEAKER_01]: It's not whether or not you voted for.

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[SPEAKER_01]: It is about

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[SPEAKER_01]: separating facts from opinions, separating policy from politics, and helping families make informed financial choices.

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[SPEAKER_01]: There's nothing like making a well-informed choice.

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[SPEAKER_01]: Unfortunately, I think many times we meet choices without solid information, and many of us get what my dad would say is being wrong and strong, and this is at least having a situation to be right.

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[SPEAKER_01]: So as we look at these things,

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[SPEAKER_01]: I'm trying to figure out, okay, so what are the Trump accounts, okay, the, you know, and I'll be honest, you know, the name can be a little bit of, you know, I don't know, I guess I could say advertisement, you know, this is just an advertisement for him.

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[SPEAKER_01]: So again, trying to look beyond that as much as you possibly can, it just figure out, you know,

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[SPEAKER_01]: you know, what the benefit of them could be.

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[SPEAKER_01]: And if there's something to, you know, maybe be Lyriev, maybe that's something that's there as well.

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[SPEAKER_01]: Have no idea.

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[SPEAKER_01]: Okay, so let's see.

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[SPEAKER_01]: So why don't we start with, okay, what the accounts are?

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[SPEAKER_01]: They are federally backed savings accounts for children as part of the one big, beautiful act.

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[SPEAKER_01]: Again, now when you see that, that again makes it ten times more important to separate message from messenger.

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[SPEAKER_01]: And when we're done here, we might agree that they're not the best thing for you.

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[SPEAKER_01]: We might agree that they are just

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[SPEAKER_01]: uh, tied to something, um, for his own posterity.

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[SPEAKER_01]: Who knows?

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[SPEAKER_01]: But if there's any chance, no matter how small, that there's something of value there or potentially of value, that's worth finding out so that we can each individual's, um, make our choices as to what if anything we would do with these accounts.

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[SPEAKER_01]: So they're designed to encourage long-term savings and investing

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[SPEAKER_01]: they are talking points, you know, include the overview as far as legislation and the purpose of the accounts.

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[SPEAKER_01]: So they were actually created through federal legislation.

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[SPEAKER_01]: That's the first thing.

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[SPEAKER_01]: And that's something that's worth worth knowing, okay?

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[SPEAKER_01]: And if you look at who receives

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[SPEAKER_01]: does every child qualify and can older children have one.

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[SPEAKER_01]: These are the questions that I asked and that I wanted to know.

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[SPEAKER_01]: So we'll look at eligibility requirements, birth year requirements, social security number requirements, the government see contribution as well as the contribution limits.

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[SPEAKER_01]: The question that most people will have is, okay, will my child qualify?

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[SPEAKER_01]: If my child doesn't qualify for the government contribution, is the account still worthwhile?

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[SPEAKER_01]: Well, not every child qualifies for the government funding contribution.

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[SPEAKER_01]: I think one of the common thoughts out there is that every child automatically receives $1,000.

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[SPEAKER_01]: I think I heard that a couple of times before.

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[SPEAKER_01]: Well, if we talk about how it actually worked, let's look at this.

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[SPEAKER_01]: If you have a new board that receives $1,000, let's say, from a family member, and it remains invested for decades, the question is then, what could the compound growth potentially accomplish from a realistic standpoint?

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[SPEAKER_01]: The one thing to keep in mind is that,

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[SPEAKER_01]: Investment returns are never guaranteed.

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[SPEAKER_01]: There are products out there that are index products and will guarantee protection of your principle provided that the money is in that vehicle for a given period of time.

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[SPEAKER_01]: But a general investment product doesn't have any guarantee.

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[SPEAKER_01]: And because of that, that's the first thing that I would say one should consider.

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[SPEAKER_01]: Because there are vehicles in places where you can put your money where you have no limit to

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[SPEAKER_01]: But then you have no limit as to how much money can be lost.

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[SPEAKER_01]: And again, making a well-informed choice actually begins with being well-informed as to who you are.

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[SPEAKER_01]: What is your risk tolerance?

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[SPEAKER_01]: How much can you afford to lose in a given segment or a given product?

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[SPEAKER_01]: If you are of a certain age, if you're young enough, you have a minimal amount of responsibilities.

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[SPEAKER_01]: You might find that you're able to tolerate some kind of loss.

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[SPEAKER_01]: for the shot at a potential great amount of gain.

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[SPEAKER_01]: So you might want to consider something like that.

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[SPEAKER_01]: If you're someone who is completely a risk of Earth, you might want to look at a product that is either fixed in terms of the rate of return or something that is indexed.

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[SPEAKER_01]: That is where the money has the performance is tied to a given index.

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[SPEAKER_01]: the Hanksung, the Eurostock, one of those index indexes for the indices and at the end of a given segment, your rate of return is based on the performance in that particular index.

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[SPEAKER_01]: So you will have a limit.

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[SPEAKER_01]: It's just exactly how much that money can grow depending on what the account is.

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[SPEAKER_01]: It may be

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[SPEAKER_01]: Some of them are as high as 13.25% and the way they work is that the insurance or investment company makes anything that grows above that limit.

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[SPEAKER_01]: But while there's a limitation, there's also a floor meaning that you don't lose anything as far as your principal goes when that takes place.

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[SPEAKER_01]: So the benefits of the accounts, let's look at what they are at least on paper.

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[SPEAKER_01]: government-seed money will get into how one qualifies for that portion of it, but that means there's a portion of money that's given by the government to start the account.

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[SPEAKER_01]: The other thing is that it encourages investing at an early age.

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[SPEAKER_01]: That's the one thing I will say, is that we don't teach at a basic level as a nation.

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[SPEAKER_01]: the fundamentals of money and how it works and what happens for most of us as that we grow up being a slave to money and it becomes in one way shape or form our master as opposed to the other way around.

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[SPEAKER_01]: And if we can encourage investing in an early age, that's a good thing.

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[SPEAKER_01]: The other thing

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[SPEAKER_01]: promoting financial literacy.

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[SPEAKER_01]: And then long-term compound growth, exactly what that looks like a hope that's in here and the information that I have as well.

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[SPEAKER_01]: But then there's simple investment structure.

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[SPEAKER_01]: This isn't something that's very complicated.

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[SPEAKER_01]: And it encourages families to think about wealth building.

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[SPEAKER_01]: And the question then becomes of the program helps millions of children investing early

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[SPEAKER_01]: is that a positive outcome?

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[SPEAKER_01]: I would say yes, if it does that.

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[SPEAKER_01]: But again, that's a big if based on everything that we're going to go through here.

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[SPEAKER_01]: So the every financial product has trade-offs.

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[SPEAKER_01]: So life insurance is a financial product, whether it's term or permanent.

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[SPEAKER_01]: I'm using that as an example because life insurance, I think more than any other financial

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[SPEAKER_01]: is one where I hear people, especially professionals, more professionals and lay people as well, that have these die-hard decisions or impressions as to which

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[SPEAKER_01]: type of life insurance is the best.

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[SPEAKER_01]: Not only the best, but certain ones that nobody under any circumstance should touch.

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[SPEAKER_01]: And I always feel like one should be lary of a person who says you should never get so and so you always get, never get A, always get B.

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[SPEAKER_01]: And if both A and B are products that are vetted by a government and

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[SPEAKER_01]: and gone through a certain level of regulation in order to be put out in the marketplace.

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[SPEAKER_01]: You know chances are they're not necessarily all bad, you know, and it's more a matter of each having its strength and weakness, pros and cons.

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[SPEAKER_01]: There is no one product that I know of that I think everybody should have.

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[SPEAKER_01]: There's some that I think apply

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[SPEAKER_01]: to most, and at the very least, there's benefits that I think most people could, most people that, there are things from which I think most people could benefit.

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[SPEAKER_01]: Let's put it that way.

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[SPEAKER_01]: But every financial product has its trade off.

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[SPEAKER_01]: So looking at the trade-offs and the limitations or drawbacks when it comes to these Trump accounts, let's look at some of these things.

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[SPEAKER_01]: It's looking at the questions that critics may and raise or should families be cautious about it.

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[SPEAKER_01]: There's limited investment choices.

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[SPEAKER_01]: That's one thing.

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[SPEAKER_01]: There are long-term restrictions.

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[SPEAKER_01]: And then like any product that's out there, there are tax considerations.

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[SPEAKER_01]: And so as a result of that, it's not appropriate for every family.

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[SPEAKER_01]: You know, one of the things that pops up here is political controversy as well.

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[SPEAKER_01]: But I really think if you're focused on what's best for,

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[SPEAKER_01]: your objective for yourself and your family, the political controversy is something that's not as big a deal, even if you know, in your estimation, you know, the thought is that if I'm going to be associated with anything that has anything to do with candidate A or B, or in this case, Donald Trump, it better be pretty damn good, at least that's the way I understand that thinking.

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[SPEAKER_01]: So, can good policy become unpopular because of politics, can bad policy become popular because of

23:07.316 --> 23:08.416
[SPEAKER_01]: I think both are possible.

23:08.876 --> 23:21.280
[SPEAKER_01]: So what I want to do is then, you know, let's discuss and focus on us, if you will, as terms of a special needs family or community.

23:21.760 --> 23:27.541
[SPEAKER_01]: So the question I asked is then, should every special needs family open in account?

23:30.602 --> 23:31.783
[SPEAKER_01]: My first thing is to say no.

23:34.310 --> 23:35.891
[SPEAKER_01]: because everything is a case-by-case basis.

23:36.332 --> 23:42.057
[SPEAKER_01]: You know, one of my favorite authors, especially when it comes to financial books is a guy by the name of Morgan Housel.

23:42.877 --> 23:50.203
[SPEAKER_01]: And he has a book called, it was got several, but the first thing I read from him is the psychology of money.

23:50.984 --> 23:55.528
[SPEAKER_01]: And it resonated with me because I think that we have a money psychology.

23:55.548 --> 23:59.051
[SPEAKER_01]: I think we have a money language and not everyone's language is the same.

23:59.556 --> 24:14.163
[SPEAKER_01]: the way you were raised dictates whether you speak the language of the saver, the investor, the spender, you know, all those things matter and, you know, how's the lesson new book?

24:15.444 --> 24:17.385
[SPEAKER_01]: I think it's the art of spending money.

24:18.025 --> 24:24.668
[SPEAKER_01]: And he said that I saw him on a podcast where he said that his publishers were upset with them because

24:27.517 --> 24:30.159
[SPEAKER_01]: give instruction as to what someone should do.

24:30.199 --> 24:31.339
[SPEAKER_01]: There wasn't any how to.

24:32.320 --> 24:34.501
[SPEAKER_01]: And his response was, I don't know everybody's situation.

24:35.182 --> 24:39.344
[SPEAKER_01]: So I'm not going to give any answer for something across the board.

24:39.645 --> 24:42.346
[SPEAKER_01]: What applies to one person might not for somebody else.

24:42.867 --> 24:51.492
[SPEAKER_01]: And I appreciate it that so much, much because in this day and age, so many influencers out there that, you know,

24:53.537 --> 24:59.040
[SPEAKER_01]: One, are not always in the best position to give somebody advice because you don't know if they're practicing what they preach.

24:59.400 --> 25:07.263
[SPEAKER_01]: But then number two, outside of being kind of people treating people like you would want to be treated and things of that nature.

25:08.044 --> 25:13.006
[SPEAKER_01]: Not everything is across the board, you know, outside of just basic.

25:13.565 --> 25:18.187
[SPEAKER_01]: You know, human needs, the way people derive those needs that depends on the person.

25:18.267 --> 25:21.329
[SPEAKER_01]: So again, there's no financial product that has appropriate for every family.

25:21.849 --> 25:40.017
[SPEAKER_01]: The decision is to whether or not you would take part in these accounts, depends on your SSI eligibility, Medicaid eligibility, the family goals altogether, estate planning, the existing assets that you have, and then long-term support needs.

25:40.458 --> 25:45.440
[SPEAKER_01]: Because the truth of the matter is the accounts could affect those things.

25:45.540 --> 25:52.123
[SPEAKER_01]: And so, financial planning should be driven by the decision and the information.

25:52.183 --> 25:54.985
[SPEAKER_01]: Again, a well-informed choice, not a political opinion.

25:55.505 --> 26:03.128
[SPEAKER_01]: So, can the account or accounts affect SSI or Medicaid in the answer is potentially it could.

26:03.648 --> 26:06.830
[SPEAKER_01]: So, because SSI and Medicaid are at least tested programs,

26:07.478 --> 26:14.461
[SPEAKER_01]: Family should understand how future ownership of assets or distributions might affect the benefit eligibility.

26:14.761 --> 26:16.701
[SPEAKER_01]: So that again is something to think of.

26:17.182 --> 26:19.803
[SPEAKER_01]: And it's an area where professional guidance is essential.

26:19.823 --> 26:22.784
[SPEAKER_01]: That was to be part of what I do professionally.

26:23.244 --> 26:30.947
[SPEAKER_01]: But the other thing I would say is, the government has a ton of

26:31.789 --> 26:39.675
[SPEAKER_01]: vehicles out there for us as citizens to take advantage of in order to save, grow and earn money.

26:40.776 --> 26:55.046
[SPEAKER_01]: And when I make that statement, most people probably think of government programs like WIC, food stamps, some kind of financial support or welfare of that sort.

26:55.506 --> 26:57.528
[SPEAKER_01]: But the tax code

26:59.034 --> 27:01.975
[SPEAKER_01]: cash value life insurance exists.

27:03.135 --> 27:04.956
[SPEAKER_01]: That was created by the government, right?

27:05.236 --> 27:10.938
[SPEAKER_01]: The matter in which insurance and investment companies operate, that's determined by the government.

27:11.358 --> 27:21.161
[SPEAKER_01]: So while most people wouldn't put that in a category as a resource that's available to us, by way of the government, it technically is.

27:21.681 --> 27:23.102
[SPEAKER_01]: But what happens is,

27:24.333 --> 27:30.994
[SPEAKER_01]: and I'm not a conspiracy theorist, but I do know it's not a mystery or a surprise.

27:31.794 --> 27:35.695
[SPEAKER_01]: That government doesn't always let us know about the things that are available to us.

27:36.035 --> 27:43.456
[SPEAKER_01]: So this is one of them, but that's why I think there's tremendous value in being able to put money in places where it doesn't affect benefits.

27:44.016 --> 27:52.898
[SPEAKER_01]: And not only are you doing that with what you already earn, but there's a measurable value in exploring other ways to earn

27:53.864 --> 28:07.416
[SPEAKER_01]: money that make you less dependent on the traditional vehicles that the government provides such as wick or food stamps or even SSI for that matter.

28:07.957 --> 28:15.143
[SPEAKER_01]: It's a very worthwhile thing to I think anyway to have a

28:15.610 --> 28:22.954
[SPEAKER_01]: a target and a goal to get as independent as you can from the traditional vehicles, you know, that are out there.

28:22.994 --> 28:31.077
[SPEAKER_01]: Now, some situations just call for that because, you know, it's tough out there, and in our community, the divorce rate is higher than it is elsewhere.

28:31.418 --> 28:41.382
[SPEAKER_01]: So there are many of us that are not like myself, part of a team with a spouse working

28:44.253 --> 28:48.475
[SPEAKER_01]: front, if you will, and many single parents out there trying to make a way.

28:48.915 --> 28:55.758
[SPEAKER_01]: But at the end of the day, that's why I think that we should be looking at every resource that we possibly can't put it this way.

28:55.778 --> 29:08.363
[SPEAKER_01]: If we don't take advantage of our resource that is available, we should know that we don't qualify for it or that it doesn't really fit and help us with whatever our objective might be financially.

29:09.917 --> 29:13.780
[SPEAKER_01]: how does the, how do these accounts compare to an able account?

29:14.781 --> 29:23.988
[SPEAKER_01]: Well, the account is supposed to create general wealth building, long-term investing, and it's not disability specific.

29:24.729 --> 29:30.674
[SPEAKER_01]: You know, it's interesting what you find online when you do your research, when it says general wealth building.

29:31.374 --> 29:32.175
[SPEAKER_01]: I guess,

29:33.747 --> 29:36.169
[SPEAKER_01]: I guess that remains to be seen.

29:36.529 --> 29:37.810
[SPEAKER_01]: It is for long-term investing.

29:38.190 --> 29:43.033
[SPEAKER_01]: So the bullet point that I would stick with more than any is the fact that it is not disability specific.

29:43.114 --> 29:46.036
[SPEAKER_01]: I think that's the biggest difference between it and an able account.

29:46.576 --> 29:50.819
[SPEAKER_01]: And then the able account is not designed for one to grow wealth per se.

29:51.748 --> 30:02.538
[SPEAKER_01]: specifically designed for qualifying individuals with disabilities and helps to preserve eligibility for certain government funds and design to pick qualified disability expenses.

30:02.879 --> 30:05.862
[SPEAKER_01]: Those are the biggest difference between the able account on the Trump account.

30:06.302 --> 30:11.467
[SPEAKER_01]: So they have different purposes and one does not necessarily replace the other again.

30:12.377 --> 30:24.280
[SPEAKER_01]: it's up to each of us to decide based on the information that you have, whether or not that's something you're going to pursue, will it complement the able account or any other vehicles that you have or is it something that just isn't fit altogether?

30:24.760 --> 30:28.421
[SPEAKER_01]: So in many cases, people will be asking for which account is better.

30:30.262 --> 30:31.922
[SPEAKER_01]: I don't think that's the question that really serves.

30:31.982 --> 30:35.983
[SPEAKER_01]: I think the better question is which tool solves my family's unique needs?

30:36.464 --> 30:36.704
[SPEAKER_01]: Because

30:42.298 --> 30:51.200
[SPEAKER_01]: The next question that may be common is what does a special needs, well, when is a special needs trust still preferable?

30:52.121 --> 30:56.182
[SPEAKER_01]: And what does that have to do with having a trumpet count?

30:57.082 --> 31:04.924
[SPEAKER_01]: Well, the answer is that it doesn't have anything to do with it and that a special needs trust is still preferable and still something that most people

31:10.043 --> 31:35.574
[SPEAKER_01]: parents or caregivers have significant assets and I would even challenge that I don't even know if the assets need to be significant because you always said that if you don't have a plan for your money the government does and I always like to revise that by saying if you don't have a plan for your money no matter how much a whole little you have the government has a plan for it right so that's where if you don't have the trust in place you then go to

31:40.030 --> 31:51.452
[SPEAKER_01]: And expensive, you know, I had an uncle that left some real estate to myself, my brother and my cousins.

31:52.232 --> 31:55.813
[SPEAKER_01]: And he had a well, he didn't have a trust.

31:56.413 --> 31:58.774
[SPEAKER_01]: He will win in a probate, probate lasted 10 years.

31:59.674 --> 32:06.315
[SPEAKER_01]: And when that happens, the money that is put into that is in that will can be

32:07.799 --> 32:27.715
[SPEAKER_01]: eaten up by legal costs to work your way through probate and there's no telling how long probate will be, especially where I am in California, but in my case, you know, that was in the Virgin Islands where I'm originally from, but still the point is probate lasted ten years.

32:28.476 --> 32:31.919
[SPEAKER_01]: Probate lasting three to five or maybe ten years is not

32:33.345 --> 32:33.745
[SPEAKER_01]: unheard of.

32:34.085 --> 32:36.326
[SPEAKER_01]: And the state of California probates even more expensive.

32:36.766 --> 32:39.488
[SPEAKER_01]: And so what happens is that money could be eaten up.

32:39.848 --> 32:45.970
[SPEAKER_01]: So essentially, I like to say that a trust is a whisper, excuse me, a will is a whisper from the grave.

32:46.630 --> 32:54.814
[SPEAKER_01]: If you don't have any plan in place, not only does the government have a plan for your money, but then there's no say that you have because you're now deceased and those wishes and I've not been established before you pass away.

32:55.394 --> 32:58.916
[SPEAKER_01]: If you have a will, you're at least have a whisper from the grave.

32:58.976 --> 33:01.797
[SPEAKER_01]: What I mean by that is that a will can be contested

33:03.149 --> 33:06.891
[SPEAKER_01]: can and will have to go through a probate for they could be short.

33:07.471 --> 33:10.593
[SPEAKER_01]: It could be very long, especially if there's people that want you to contest it.

33:11.393 --> 33:24.000
[SPEAKER_01]: But if you have a trust, a trust is more like a scream or a yell from the grave because it's louder, it's very specific, it is not able to, it avoids, it avoids probate.

33:24.280 --> 33:26.781
[SPEAKER_01]: So it's not something that will be challenged the way that a will would.

33:29.087 --> 33:33.689
[SPEAKER_01]: It does push your knees, trust the plies when parents have assets, I would say, of any kind.

33:34.270 --> 33:48.917
[SPEAKER_01]: When grandparents plan to leave an inheritance, especially these trust the plies, when you have a life insurance that is going to be used to fund future care, especially needs trust is needed.

33:49.457 --> 33:54.140
[SPEAKER_01]: And let me touch on that one for a second, life insurance used, being used to fund future care.

33:54.580 --> 33:57.761
[SPEAKER_01]: That's another one of those uses for life insurance that most people don't think about.

34:00.467 --> 34:05.493
[SPEAKER_01]: have evolved a little bit because they're aware of the way that life insurance is changed, but we're most of us think of life insurance.

34:05.833 --> 34:08.216
[SPEAKER_01]: We still think of something that pays for finally expenses.

34:09.518 --> 34:16.026
[SPEAKER_01]: Sure, maybe leave a couple dollars to the family, which has tremendous value.

34:16.406 --> 34:19.590
[SPEAKER_01]: But not only are there living benefits like long-term care, and

34:20.585 --> 34:26.108
[SPEAKER_01]: tax-free income that you can actually pull while you're alive, but it can also be used to fund future care.

34:26.488 --> 34:32.592
[SPEAKER_01]: And again, because it's in the shell of a life insurance policy, that takes place without any taxation.

34:33.192 --> 34:34.333
[SPEAKER_01]: That is tremendously huge.

34:35.033 --> 34:40.617
[SPEAKER_01]: And if you have a lawsuit settlement that's involved, especially in each trust comes in the play.

34:41.037 --> 34:43.378
[SPEAKER_01]: If there's long-term control over distributions,

34:47.130 --> 34:49.411
[SPEAKER_01]: the special needs trust addresses that.

34:49.751 --> 34:54.853
[SPEAKER_01]: And then it also, again, protects government benefits as it's primary objective.

34:55.694 --> 35:00.656
[SPEAKER_01]: So the question is then, for some people, can a family use all three?

35:01.556 --> 35:04.077
[SPEAKER_01]: Special needs trust that able account and the Trump account.

35:04.458 --> 35:07.019
[SPEAKER_01]: The answer is absolutely depending on each person's situation.

35:07.399 --> 35:14.122
[SPEAKER_01]: So some families may benefit from one of them, some families may benefit from all three, because each serves a different purpose.

35:17.434 --> 35:24.635
[SPEAKER_01]: coordinating the tools rather than trying to choose one, just looking at each one individually and figuring out what are the benefits of this?

35:25.176 --> 35:29.076
[SPEAKER_01]: Does this meet our objective and take care of our needs?

35:29.416 --> 35:34.538
[SPEAKER_01]: And that's where again, you sit down with a financial professional who works in this area in particular.

35:36.318 --> 35:39.259
[SPEAKER_01]: Again, that is me, but there's other people that are out there.

35:39.579 --> 35:39.979
[SPEAKER_01]: The main thing

35:47.937 --> 35:56.459
[SPEAKER_01]: educate people about the need to have those things addressed and as much as I would love to from a business standpoint be the person that helps you with that.

35:57.139 --> 36:01.801
[SPEAKER_01]: I am licensed in multiple states work and every state in the union.

36:02.161 --> 36:02.981
[SPEAKER_01]: That's how good and great.

36:03.401 --> 36:09.623
[SPEAKER_01]: But as nice as that is, the most important thing is to make sure that that's being done with someone that interests regardless of

36:16.518 --> 36:19.080
[SPEAKER_01]: are continued effort to separate fact from fiction.

36:21.141 --> 36:22.962
[SPEAKER_01]: Some people will say, well, it's free money for everyone.

36:23.122 --> 36:27.324
[SPEAKER_01]: Again, especially people that believe that there's a thousand dollars that everyone gets to start with.

36:27.765 --> 36:31.787
[SPEAKER_01]: So only certain eligible children qualify for the federal seed contribution.

36:31.847 --> 36:34.769
[SPEAKER_01]: That is the amount that is given up front.

36:35.569 --> 36:39.131
[SPEAKER_01]: And so as a result of that, it is not free money for everyone.

36:40.500 --> 36:45.602
[SPEAKER_01]: There's a free starting point, so to speak, or a starting point for those that will qualify.

36:46.403 --> 36:52.185
[SPEAKER_01]: The other thing that's being said is by some people is, well, it replaces an able account.

36:52.866 --> 36:57.508
[SPEAKER_01]: Well, that's fiction as well, because as I mentioned before, it does not serve the same purpose as an able account.

36:57.528 --> 37:00.930
[SPEAKER_01]: So it is not meant to nor will it successfully replace an able account.

37:02.410 --> 37:04.151
[SPEAKER_01]: We're also talked about this pressure needs trust.

37:04.351 --> 37:08.193
[SPEAKER_01]: It does not replace that, because it also has a different function.

37:09.317 --> 37:17.484
[SPEAKER_01]: and going back to the idea that well everyone should open one because it's just you know for money regardless of the reason why or someone thinks that everyone should open one.

37:19.865 --> 37:33.256
[SPEAKER_01]: Financial planning is a very personal thing so as a financial professional and a caregiver being a parent to a child or the autism I'm not going to sit here and tell you that everyone should open one because again it's a personal decision that is hopefully made

37:36.372 --> 37:45.197
[SPEAKER_01]: And so the idea should be judged on its own merits, not on the fact that, you know, Trump's name was attached to it.

37:46.018 --> 37:52.882
[SPEAKER_01]: It is very silly and naive to think that, because his name is attached to it, it's just got to be a good thing, so you should just go out and get it.

37:53.923 --> 38:00.847
[SPEAKER_01]: And then by the same token, it doesn't serve you to assume that, because his name is attached to it, it's a bad thing, so I have nothing to do with it.

38:00.927 --> 38:02.768
[SPEAKER_01]: I understand that temptation, but,

38:03.902 --> 38:08.467
[SPEAKER_01]: Again, I think that that's where there's so much value and being able to separate the fact from the picture.

38:08.767 --> 38:20.358
[SPEAKER_01]: Look, if you do your due diligence or even if this information here helps you and you find out or arrive at the conclusion and you're open-minded all along and you arrive at the conclusion that, no, that's not for me.

38:20.418 --> 38:21.680
[SPEAKER_01]: I don't trust that I'm not going to do that.

38:22.220 --> 38:24.522
[SPEAKER_01]: Then, you know, there's a difference between that

38:28.662 --> 38:30.483
[SPEAKER_01]: an uninformed choice or decision.

38:30.643 --> 38:32.344
[SPEAKER_01]: And I think those are things we just have to think about.

38:32.844 --> 38:40.148
[SPEAKER_01]: And so the questions that everyone should ask themselves is what is my goal for this money?

38:41.288 --> 38:44.030
[SPEAKER_01]: You should think about what the goal is for all of your money.

38:44.490 --> 38:46.331
[SPEAKER_01]: Everyone of our dollars should have a purpose.

38:48.312 --> 38:49.312
[SPEAKER_01]: Think about what that means.

38:50.132 --> 38:54.034
[SPEAKER_01]: Like I make general statements about it, putting your money to work for you as opposed to the other way around.

38:55.830 --> 39:03.092
[SPEAKER_01]: you should designate purposes for your money, you know, I think money has its own language too.

39:05.012 --> 39:17.055
[SPEAKER_01]: Growing up, I would hear have money that are associated to other successful people in my local community, or maybe my favorite athlete or an entertainer or something like that.

39:18.285 --> 39:19.586
[SPEAKER_01]: That's a certain type of money.

39:19.846 --> 39:20.506
[SPEAKER_01]: That's good money.

39:20.526 --> 39:21.906
[SPEAKER_01]: That's the kind of money that I want to make.

39:22.367 --> 39:33.331
[SPEAKER_01]: Just like this bad money and blood money, money that's associated with ill-gotten gains and obtained by an immoral or corrupt venture of some kind.

39:33.511 --> 39:45.096
[SPEAKER_01]: So that's why I almost feel like money is a almost like a living entity and a living thing because it has such an impact on what we do with that, which really does matter the most,

39:46.704 --> 39:48.906
[SPEAKER_01]: our time with the ones that we love.

39:50.147 --> 39:54.430
[SPEAKER_01]: So the other question I want you to ask is, can it impact my child's SSI or Medicaid?

39:54.650 --> 39:59.274
[SPEAKER_01]: Again, you should find that out with a professional because in some cases it's very well, we'll do that.

39:59.955 --> 40:04.198
[SPEAKER_01]: And do you already have an able to kind of, should you establish a special needs trust?

40:04.718 --> 40:07.020
[SPEAKER_01]: How does it fit into your long-term financial plan?

40:07.240 --> 40:09.122
[SPEAKER_01]: Again, this like any vehicle

40:10.615 --> 40:17.818
[SPEAKER_01]: No financial vehicle is the end all in BL, nor is it the one and only tool that you should have in your arsenal or your belt.

40:18.538 --> 40:23.040
[SPEAKER_01]: It should be full of diverse things that serve multiple purposes.

40:24.820 --> 40:30.503
[SPEAKER_01]: And the question to then ask is, are you sacrificing your old retirement savings to fund this account?

40:40.888 --> 40:46.231
[SPEAKER_01]: like any parent, strike a balance between teaching our child a fish versus giving them fish.

40:47.491 --> 40:52.714
[SPEAKER_01]: And like I said, if there's a divorce involving your single parent, that's twice as much of a juggling act.

40:53.194 --> 41:03.060
[SPEAKER_01]: And it's even more difficult when you have to choose between caregiving and retirement or is your thought, I'm just going to work until I die.

41:03.080 --> 41:09.583
[SPEAKER_01]: And you know what plans you'll have in place for your child when you exist only in memory.

41:10.269 --> 41:14.353
[SPEAKER_01]: all those things matter and she'd be taken into consideration who are looking at something like this.

41:15.194 --> 41:19.958
[SPEAKER_01]: And so then the question because she'd become, have I spoken with a qualified financial profession?

41:20.458 --> 41:28.746
[SPEAKER_01]: And I think that's the key and upward of where they're qualified financial professional, because there's a lot of financial professionals out there.

41:28.786 --> 41:36.313
[SPEAKER_01]: What kind of experience do they have as a caregiver, working with the caregiving or special needs community?

41:36.879 --> 41:51.007
[SPEAKER_01]: The other thing in terms of qualification is working with someone that is, is, or has access to a, oh my gosh, someone that is a fiduciary, that matters.

41:51.507 --> 41:52.047
[SPEAKER_01]: It does matter.

41:52.708 --> 41:59.471
[SPEAKER_01]: Oh, matters even more than that is that the person you're working with has a fiduciary mentality.

42:00.152 --> 42:00.572
[SPEAKER_01]: Excuse me.

42:01.433 --> 42:05.795
[SPEAKER_01]: For those not familiar with that word, a fiduciary is someone who legally

42:06.400 --> 42:16.926
[SPEAKER_01]: based on their status or classification in the license is compelled to do business in the best interest of the client.

42:17.666 --> 42:21.268
[SPEAKER_01]: But you know what I got in the financial services 20 years ago I thought that was a very strange thing.

42:21.288 --> 42:29.553
[SPEAKER_01]: I was like you mean there's like areas or designations that don't include a fiduciary designation or title.

42:34.027 --> 42:40.729
[SPEAKER_01]: be okay to think, well, you just, you don't have to work in the client's best interest because your title doesn't require that.

42:41.409 --> 42:42.369
[SPEAKER_01]: That's one of the weirdest things.

42:43.409 --> 42:47.931
[SPEAKER_01]: That's as strange to me as the fact that a trust is open to probate.

42:48.131 --> 42:50.551
[SPEAKER_01]: I mean, a will is open to probate, but a trust is not.

42:50.931 --> 42:53.012
[SPEAKER_01]: Why do we have a legal instrument that

42:55.225 --> 42:58.067
[SPEAKER_01]: could have you go to probate anyway, right?

42:58.428 --> 43:02.851
[SPEAKER_01]: So I don't claim to understand the logic behind all the rules and financial services.

43:03.291 --> 43:15.120
[SPEAKER_01]: I just know what they are and continue to learn even after 20 years and use all of them to try and implement what I can for the benefit of those that I serve.

43:15.821 --> 43:19.204
[SPEAKER_01]: And going back to my point about just being able to work with somebody who trust.

43:19.764 --> 43:19.964
[SPEAKER_01]: Look,

43:24.744 --> 43:26.825
[SPEAKER_01]: But that didn't really change anything, right?

43:27.005 --> 43:30.867
[SPEAKER_01]: So the titles matter, but the person matters just as much if not more.

43:31.507 --> 43:37.090
[SPEAKER_01]: So the other thing to ask is, OK, can we separate the message from the messenger?

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[SPEAKER_01]: Would we view the information differently if, I don't know, let's say if President Trump's name was not attached to it.

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[SPEAKER_01]: How much does that get in the way of one being able to objectively look at the information?

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[SPEAKER_01]: It's okay.

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[SPEAKER_01]: How does this possibly work for me?

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[SPEAKER_01]: Can I do something with this?

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[SPEAKER_01]: You know, we can't ignore when people do things that are corrupt and don't serve the general public.

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[SPEAKER_01]: do encourage or support things that disenfranchise, attack, or marginalize if particular group of people.

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[SPEAKER_01]: Many people, based on race, religion, sexual orientation, gender, whatever the case might be.

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[SPEAKER_01]: By the same token,

44:48.622 --> 45:03.875
[SPEAKER_01]: and open to seeking answers, regardless of whether sources come from, you know, and after looking at all of this, I still like I said, I don't, I think there's even a little more to look at.

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[SPEAKER_01]: In order to determine, you know, what one might do with regard to these accounts.

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[SPEAKER_01]: But I'm hoping that today's conversation didn't tell you what to think, because that's not what any episode is designed to do.

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[SPEAKER_01]: That's not what the show is about.

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[SPEAKER_01]: It's helped.

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[SPEAKER_01]: It's designed to, I hope, help you think a little more clearly about this topic or any for that matter.

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[SPEAKER_01]: You know, for instance, take ABA at a conversation with some of the other day.

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[SPEAKER_01]: And the way they

45:44.353 --> 45:46.876
[SPEAKER_01]: described it as they had a bad experience with ABA.

45:47.136 --> 45:48.397
[SPEAKER_01]: And he didn't work for them.

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[SPEAKER_01]: And I thought that was one of the few times that I've heard about a situation where they didn't like the outcome or the result of their experience with ABA, but did not say that ABA was bad.

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[SPEAKER_01]: I've heard so many parents.

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[SPEAKER_01]: in the caregiving, especially in these communities, especially in the autism community, say that ABA is horrible.

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[SPEAKER_01]: It's a bad thing, it's just, it's, and they give a list of reasons why.

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[SPEAKER_01]: As opposed to what their experience was.

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[SPEAKER_01]: And that's why, like I said, you know, I think there's more value in putting people in a position to make well informed choices.

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[SPEAKER_01]: Look, like I said, I've been,

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[SPEAKER_01]: And I'm still going to sit down and tell someone when they sit with me as a client in my financial services business.

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[SPEAKER_01]: Here's what you have.

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[SPEAKER_01]: If you do A, you're going to get B.

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[SPEAKER_01]: If you do C, you're going to get D. More than likely, right?

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[SPEAKER_01]: Based on all of these things, based on the things that you want to accomplish, based on what we've discussed,

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[SPEAKER_01]: And even in a case where I feel that what they're choosing is something that I don't agree with.

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[SPEAKER_01]: I'll still make sure that we are in agreement that I've explained to them, you know, I don't know if I would advise doing that because

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[SPEAKER_01]: making it in form choice is what matters.

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[SPEAKER_01]: I had a client that I met with recently who has a parent that has some health challenges as older and is not going to qualify for traditional life insurance.

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[SPEAKER_01]: The only thing they will qualify for is something that is called guaranteed issue.

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[SPEAKER_01]: Guarantee issue policy is little terminal medical questions that are asked, and the issue is guaranteed provided that you're, you know, approved.

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[SPEAKER_01]: So it's very rare that something like that is denied.

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[SPEAKER_01]: But because it's guaranteed issue, those policies are designed for people who are in a

48:32.544 --> 48:33.084
[SPEAKER_01]: life insurance.

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[SPEAKER_01]: It's almost life insurance is a version of a subprime loan, if you will.

48:39.547 --> 48:45.549
[SPEAKER_01]: That might be a little harsh because subprime loans are completely predatory.

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[SPEAKER_01]: So I'll give a caveat.

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[SPEAKER_01]: It's not quite that.

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[SPEAKER_01]: But you don't have many options because you're not going to qualify for too many things.

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[SPEAKER_01]: And so the things that are available to you are usually guaranteed issue or

49:00.268 --> 49:09.014
[SPEAKER_01]: other companies that have products that are similar and what they usually do is they carry a very limited death benefit.

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[SPEAKER_01]: In other words, the amount of coverage.

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[SPEAKER_01]: It's very low.

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[SPEAKER_01]: And if the insured passes away within the first couple of years, you don't just simply get the death benefit.

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[SPEAKER_01]: You might get a portion of it, a portion of the premiums paid or something like that.

49:24.344 --> 49:26.946
[SPEAKER_01]: And that might sound kind of underhanded or sinister or something like that.

49:30.499 --> 49:35.422
[SPEAKER_01]: the life insurance companies taking a bigger risk to ensure that individual.

49:36.183 --> 49:47.430
[SPEAKER_01]: But the point I'm making is that this individual wanted to make sure that some coverage was better than none.

49:48.571 --> 49:51.753
[SPEAKER_01]: And they wanted to, you know,

49:54.046 --> 50:02.891
[SPEAKER_01]: get that type of policy because it's the only thing that they could get and it gets them closer to the financial objective while still far away from it.

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[SPEAKER_01]: And I wasn't sure that it made sense financially for that to be done.

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[SPEAKER_01]: So my job is to then have a discussion that has them acknowledged that I don't know if that's going to be met if that path is taken.

50:19.339 --> 50:20.099
[SPEAKER_01]: But my job at the

50:21.772 --> 50:37.678
[SPEAKER_01]: Again, provide information so that people can make informed decisions, that's the way operate professionally and then at the same time, that's what the show was created for as well, even in the areas that aren't, I mean, that are even further away from many kind of expertise.

50:38.238 --> 50:42.100
[SPEAKER_01]: So the information that shouldn't this episode, it's intended for educational purposes.

50:42.700 --> 50:47.382
[SPEAKER_01]: It shouldn't be considered individualized, financial, tax legal or investment advice.

50:51.792 --> 50:55.873
[SPEAKER_01]: Like I said, this German is power in making an informed decision.

50:56.313 --> 51:07.297
[SPEAKER_01]: And now let's, if you take the topic of these investment products off the table, and just think about separating messages from messenger.

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[SPEAKER_01]: I think this German is value in that as well also.

51:12.759 --> 51:19.281
[SPEAKER_01]: You know, look at the message that's, that's received first and foremost, and then take a look at the messenger, no matter what that case might be.

51:22.347 --> 51:23.748
[SPEAKER_01]: questions are a little more powerful.

51:24.088 --> 51:27.229
[SPEAKER_01]: I think a lot more powerful than statement.

51:27.729 --> 51:32.091
[SPEAKER_01]: And it's easier to make a statement or judge.

51:32.231 --> 51:40.495
[SPEAKER_01]: And I know there's some people that are going to see this and decide to come from me because they're thinking that what I'm doing is giving too much grace Donald Trump.

51:40.515 --> 51:41.716
[SPEAKER_01]: But this isn't about Donald Trump.

51:42.056 --> 51:43.816
[SPEAKER_01]: This isn't about any Kennedy.

51:43.856 --> 51:46.358
[SPEAKER_01]: This is about two things.

51:52.809 --> 51:58.754
[SPEAKER_01]: these accounts and is there any chance greater small that they might benefit your family?

51:59.655 --> 52:08.343
[SPEAKER_01]: If that's the case, then you have a choice to make.

52:08.463 --> 52:13.127
[SPEAKER_01]: If you're going to not take advantage of something that could benefit you,

52:14.820 --> 52:18.582
[SPEAKER_01]: It should be a well-informed choice that you knowingly walk away from it.

52:18.922 --> 52:33.670
[SPEAKER_01]: And then at the same time, if you find out that, no, this is going to upend our benefits and it doesn't work and it's not an our best interest, then that too is a well-informed choice or decision.

52:34.370 --> 52:38.212
[SPEAKER_01]: And there's a couple of things I didn't address which I'll get into at a future

52:41.176 --> 52:42.998
[SPEAKER_01]: does the rate of return look like.

52:44.098 --> 52:49.703
[SPEAKER_01]: Exactly, exactly what is the rate of return look like.

52:50.063 --> 52:51.084
[SPEAKER_01]: We talked about the risk.

52:51.505 --> 52:56.729
[SPEAKER_01]: But again, you know, there's a little more detail on what the accounts are like in terms of

52:57.571 --> 52:59.832
[SPEAKER_01]: how the investment itself actually works.

53:00.272 --> 53:04.774
[SPEAKER_01]: What type of contribution might you need to make if you want to make a certain amount by a certain time?

53:05.355 --> 53:10.137
[SPEAKER_01]: And I would touch on those in a future episode, provide it that that's something that people want to know about.

53:10.937 --> 53:22.082
[SPEAKER_01]: Again, like I said, I felt I was taking a chance, even touching on the subject because, you know, I imagine somebody's going to come from me for doing what they think is supporting the administration rich.

53:23.603 --> 53:25.083
[SPEAKER_01]: I'm not, that's not what this is about.

53:27.313 --> 53:36.321
[SPEAKER_01]: But I think it's a chance our risk worth taking if people arrive at well-educated choices.

53:36.662 --> 53:46.010
[SPEAKER_01]: So with that set, I want to again thank our community partners, Billy Footwear, Seoul Green, and Meet B.

53:46.571 --> 53:51.035
[SPEAKER_01]: The links for each can be found in the show notes where you can get

53:52.045 --> 54:02.932
[SPEAKER_01]: 10% off your final purchase with Billy Putware, 10% off your final purchase with SoulGrain, and then 10% off your subscription with MeetBee.

54:03.652 --> 54:20.182
[SPEAKER_01]: And again, if you are a male, you or someone you know as a male who is a caregiver or a dad to someone with the specialties of disability or the ageed, consider joining us for a bi-weekly gathering on Zoom, known as the DIN, the registration link will be in the show

54:21.851 --> 54:35.599
[SPEAKER_01]: and it does a topic that you would like to see discussed, something that you want to add, you can feel free to reach out to us at changetheworld at beyondthespectermpodcast.com.

54:36.439 --> 54:37.320
[SPEAKER_01]: I know that's a mouthful, but

54:38.632 --> 54:41.934
[SPEAKER_01]: that was what I was able to find when we register the domain.

54:42.434 --> 54:47.916
[SPEAKER_01]: Again, that has changed the world at beyond the spectrum of podcast.com.

54:48.557 --> 54:50.658
[SPEAKER_01]: And that's where you can email us.

54:51.038 --> 54:54.199
[SPEAKER_01]: And then the website is beyond the spectrum.cast.com.

54:54.219 --> 54:56.540
[SPEAKER_01]: You can find all our episodes there.

54:57.821 --> 55:03.603
[SPEAKER_01]: And you can also find them on our YouTube channel and on most platforms wherever you get your podcast.

55:07.746 --> 55:13.190
[SPEAKER_01]: Let's try and be more child-like, less child-ish, and everybody needs the same thing.

55:14.071 --> 55:14.951
[SPEAKER_01]: We all need the same thing.

55:15.191 --> 55:15.912
[SPEAKER_01]: We need to be loved.

55:16.352 --> 55:17.493
[SPEAKER_01]: We need to be seen.

55:17.513 --> 55:18.374
[SPEAKER_01]: We need to be heard.

55:18.694 --> 55:20.095
[SPEAKER_01]: We need to know that we matter.

55:20.435 --> 55:29.882
[SPEAKER_01]: We've got some great things coming up and encourage you to stay tuned to look for those things, and like I said, if there's something that you think we should be discussing that we have not something that you want to hear about.

55:30.542 --> 55:31.583
[SPEAKER_01]: This shows great for you.

55:32.164 --> 55:39.510
[SPEAKER_01]: feel free to reach out and let us know, you can do that in the comments or any other resources or outlets that I just mentioned.

55:40.011 --> 55:49.138
[SPEAKER_01]: And to everyone within the son of my voice, I'd like to thank you, let you know that we love you, and thank you to the women of my life without whom I would be nothing.

55:49.659 --> 55:56.584
[SPEAKER_01]: And that includes my wife, my mom, my aunts, everyone, I'll the women and my family.

55:57.145 --> 55:58.386
[SPEAKER_01]: Be very special to me.

55:59.580 --> 56:01.926
[SPEAKER_01]: Remember, you're not alone, you're one of us, we love you.

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[SPEAKER_01]: Thank you.