It's powerful available without a prescription and uses to anesthetics to numb nerves right where it hurts it starts to work on contact providing you take AM 1220 with you wherever you go what are smartphone. Tools for a service of Salem Media Group. With us are a news I'm Rhonda Rockstro Senator Mitch McConnell is praising President Trump for standing up to China as nervous Republican lawmakers head into the final weeks of the midterm election campaign cinema Jordi Leader Mitch McConnell is rallying them behind President Trump saying China has been eating our lunch on trade for years he is discouraging any attempts to limit using tariffs to make things right can warm and reporting also at S.R.M. News dot com The rival Korea's have agreed to hold a 3rd summit between their leaders in point Yang some time before the end of September Monday's announced agreement comes amid ongoing nuclear standoff between Washington and Kim Jong un's government gasoline prices are up again in these 2 weeks the average price of gasoline was up to stand the new average for regular is to $93.00 but probably it will not continue up more likely they'll be some price cutting from here on that's feel analysts Trilby Lundberg she says that it's because refineries have increased capacity and current demand is weak on Burke says the average price of regular gas has risen to $93.00 nationwide it's a $0.02 but what you pay may differ Jackson Mississippi is the low average to $53.00 for regular and the high is some concerts go $369.00 events to mark the anniversary of the deadly violence at a white supremacist rally in Charlottesville Virginia last year were largely peaceful police making just a handful of arrests in Washington thousands of people wanting to send a message that racism isn't welcome gathered Sunday outside the White House to protest up. Land white supremacist rally at a nearby park and a medical examiner's office in Washington State confirming the identity of a 29 year old ground service worker who stole an airplane from Sea-Tac International Airport Friday his name is Richard Russell this is a sarin news. He . Said in the crash. Yeah. Yeah understands I said. Yeah yeah it's hard to be without your bike city something easy and protected with the rest of motorcycle insurance and when you ride with us for 4 straight years of that accident we won't catch your 1st one against you no matter how much you cost this progressive dot com poll today the insurance company in Philly. States the national debt is now over 20 trillion dollars What happens next rising inflation drops and the dollar's value of some experts say another crash is coming you can fight this not with stocks or bonds but with gold and silver coins in an eye or a from Augusta precious metals call 855-858-5807 learn how an IRA backed by physical gold and silver could hedge against inflation all of us to precious metals right now 855-858-5807 get a free gold IRA gun call 855-858-5807 this is today's entertainment answer what does that I'm poly say about working with dogs in the new film Dog Days some of the greats have spent time with dogs the way I have had 1st it's a little challenging because you're not just doing a scene and B. And leaving some of the animals trainer and I mean animal trainers usually don't get along but it was great it was fun and I learned a lot and maybe I'm a better I don't know the dog is certainly better I definitely raised its game Dog Days rated P.G. Now in theaters for this intertainment answer that Mongul Mike is the house going along needs a ton of work the pipes are leaking needs a new roof the AC just broke I just don't have time to do it all myself you know anyone who just asked home advice they match you with the best local pros for any whole project cool yeah you can read reviews and who point it's online What's a cost actually Home Advisor is always free to use nice I'll check it out go to Home Advisor dot com or download the free app. Now in theaters for this intertainment answer Mungle Hey Dave you're in for golf this weekend I can't promise to find a plumber to fix the same can a painter to paint just use Angie's List doesn't that cost money not at all it's free to find pros in your area who can do the work you can even read ratings and reviews from other customers what about roofing pros Angie's List as pros for everything and the same time they'll even match you to the best pros for the job all that's awesome looks like I'll be able to play after all find the best pros for your next project at Angie's List dot com Well that grass is going to cut itself I'll be outside wait in line on in LA but in your one piece writing mothers because you might fall off the push mower you're right I should probably were meant to not what I meant it's hard to be without your bike city something easy protectively progressive motorcycle insurance with these policies lose $75.00 a year getting back on the road in no time is a president comical today pressed against the insurance company in Philly its annual premium for basic liability policy not available in all states to show that spoke again. Still strategies for today's needs in tomorrow's goals this is one good strategy has been presented by the well the by Susan Lucci a capital group you are Johnny Dean and Rick the Professor Plum. Luck with the show Johnny the mesmeric bum all revved up amped up ready to go ready to talk today I realized. Yesterday right about this time that I had said Professor Plum that I was going to give you what you need to tell you what you need to know about there's a thing that. Had to do with taxes and withholding something we had brought up I guess back in February and I said it's probably time to remind people of this before it's too late to you know change your actions and I'm trying to say this without saying yet and I said Yeah OK so we're going to talk about that well then we got a phone call in the 2nd hour or 2 we have another one in the like the 3rd or 4th segment and so by the time I thought of it again we had finished the entire hour so. Let's get to talk about this here and just of all but I'm going to promise you this because the headline says more Americans may owe the I R as next tax season now we did talk about this in the 2nd hour of our program yesterday but I don't know how many of the same people stick around so we're going to do it again here in just a moment and just a note of something that you folks need to be thinking about here and we told you as I said in February or whenever it was but you know as we get closer toward believe it or not the end of the year. More than half whether Yeah it's due this is August right yes. As we get closer to the end of the year we're going to this is going to become more important for you to do because really I mean it's not it's going to save your taxes going to save you from potentially having to write a check or whatever you do in April there's just something about it there's just something about getting your taxes and then they're saying we need more you know more. Rather than you know they hand out over the course of the entire year all right I actually owe the same amount that I didn't pay it as I said it's not that the lower your taxes your taxes your taxes just getting that thing in April that says you pay me no. And nobody likes to do that it's better to just spread it out a little more and the problem is that you may not be spreading out enough but with a change the tables will see a change the tables of holding table the other Change the back left anyway for every Well yeah and so the as a result of having changed the tables this is why well let's just talk about 8 I was this is stupid I was trying to dance around it to actually get to the topics I want to give the phone number 877 planner right is that correct P L A double any are you want to call the show so it's you know wide open for you folks to give us a call talk about whatever's on your mind you have some social security questions as always and Roth IRA's strategies Also coming up we're after the bottom of the hour alternative investments that's right what are they should you think about them should you consider alternative investments in your portfolio but not for everybody but they can provide a measure of this correlation with the market will tell you what we mean by that so all important stuff and as I said your phone calls your e-mails go to our website well fed dot com and go to the find your answer link send us an e-mail we'll get some of those as well we have a bunch to get to I feel like I really I thought we caught up on emails and we had pretty well by the end of last week and now I'm getting over not overrun that's the wrong word but we've got a lot. And we should get to more of them than we normally do all right and if you want to talk off the air this is a great chance to do that to do this the advisors are all standing by ready to talk to you Professor Rick plumb will be after the show but any of the Luci Capital Group advisors 806441150 again that's the author number 806441150 your chance to talk about your situation it is important and some of the reasons of what we'll tell you why it's so important coming up here but the advisers as a financial advisor can tell you what to look out for something that you may not have considered they've seen it all kind of like if you ever talk to an attorney about anything. We know a good tax attorney and. You know they bring up stuff that. You know they're they've seen a lot you know I saw this case 4 or 5 years ago and here's what could potentially happen if you do this well when I 1st got in the industry a sort of talking with attorneys about different things you know so they play most of them back then and they would bring up these outside references of this that the other thing is these are the most pessimistic people in the world but then I realize that's why there was a protect you against all the things that could happen against you rider is that they allow it's that's an interesting way to look at things that's exactly it and so we're going going to that is one of the reasons why you talk to an advisor because they've seen it they've seen it I should say they've seen it all that he's seen enough and the lending is about protecting what you have and hopefully making sure that it stays with you that's that's right never seen all the safety devices on an aircraft I mean those safety devices are there because somebody thought of something that could go wrong or did go and all the and we have protected the often wrong and now we protect it against it which is what makes it so say well same kind of thing you want somebody that seen what can go wrong and tell you how to prevent it all right 806441150 offer a number so many more Americans may owe the I.R.S. Next tax season they might because here's the deal it's because of the tax reform that they passed like December 18th or something. And it was passed you know so quickly before the end of the year that nobody had a chance to really digest it until this year well here's what happens Professor Plum we went from a 28 percent bracket to a $24.00 we took the $25.00 down to $22.00 and you have it. Down to 12 percent of the amount of room in each Right so there's a partially while there's more room in the 12 percent bracket Well not exactly but there's more room in the $22.00 of the 24 compared to the other ones why not hit the really high reaches they're spread out they're spread out further they're spread out further so what this means is that if you're going to be paying even a little bit less in taxes your withholding is going to be reflected. That amount what is withhold it withholding is that amount that they take out of your paycheck each pay period and send the I.R.S. As a down payment against the tax liability that you will actually over the year now the higher the withholding the more that's being withheld obviously the more pays to it and maybe we'll get a bigger refund if we do that if we don't withhold enough then the bill is the bill if we don't withhold enough then we're going to have to write a check in April most likely April 15th you know when you file your tax return to make up the shortfall well when they put the new tax bill in place the whoever's in charge of doing this they really did the tax withholding tables so that you would because the expectation for the majority of people was that they would have us a little bit lower income tax bill for 2018 everything else being equal compared to what 27000 was so if you have the same income year in the year out basically your taxes might be going down a little bit that's the expectation so they wanted to give people a little bit more money in their paychecks every week every month however often you're paid so they redid the tables for how much they need to withhold to be able to get to the ultimate figure of how much you owe so we get a little bit more in our paychecks but we're finding out that what I saw back in February was that the decline or the difference the reduction in the withholding was quite a bit. And in my case the reduction was a lot and it was not really going to be reflected in what the my difference and taxes are going to be so I went back in and changed my withholding to. Get a little bit more a paycheck but not compared to what the withholding tables that withholding tables reduce that in my opinion for me too much. Did it withhold the withholding tables changed for you to a point where you're withholding significantly less this year than you were last year because if you are it's likely that your refund will be much smaller if you get one or you might actually oh when you file your tax return and yeah and so that can be an issue when you're expecting one thing and unfortunately it's going to from a a visual standpoint you don't remember getting a tax reduction you remember you remember your check but that's been that was last year your check was all the bigger each paycheck but then you owe taxes you can say well they lied to me I didn't get a reduction in my taxes I actually have to pay taxes now your tax return may have reduced tax liability may have been reduced but you just didn't pay enough through the year because they reduced your with holding by quite a bit less now like it when they did the most I think with this calculator only 6 percent of taxpayers are expected to have their wages accurately withheld according to this report sent. Mine I don't know I have no idea but you know there are ways there are ways to check this so how can there I mean well the idea would be to check how could I get this wrong. There modeling was wrong who does this I don't even know this is a partisan issue this is you know some accounting office now I just want to hear as guessing I really don't know who does it it's if they put these tables together how much should be withheld from your paycheck and they go by what you've put in as single or married and I have 0 exemptions to exemptions 99 exemptions as based on your income too and in so how much is an exemption worth when you're filing those forms Well it depends on how big your income is if you only make you know $1015000.00 a year the exemption you know religious Americans and I get withhold anything anyway if you're if you make 100000 a year that exemption is worth a little is worth more and so it changes how much they take out of your paycheck some people you know run 15 exemptions so they get a bigger paycheck and then they wonder why. They hope that the you know when they file their return they didn't have enough with healthy choice. However all this says here they. Congress gave the Treasury Department authority to determine the withholding allowance structure because the old method was no longer suitable and there was not enough time. For last year's for exemption numbers and redo it for this year based on that but that's all new tax so just be careful check if you can already $77.00 plan or a company back or bucket strategy there. Recently we talked to people at a Capital Group retirement strategies workshop about concerns they have related to retirement and concerned about another market crash I think inflation is always a concern how to make our money last concern that I have is that I'm not going to have enough money for retirement retirement in today's economy is one of America's greatest challenges especially if you have to make decisions on your own and you may live 30 years or more in retirement if you're worried about outliving your money inflation in stock market volatility discuss retirement strategies designed for these uncertain times get a written plan customized by an experienced retirement planning strategist you can schedule a consultation with an advisor now by calling 864115864 you love in 50 click Contact said Luci a camp dot com. Dot com securities offered through securities L.L.C. Member finance I.P.C. a Subsidiary of Luci Capital Group an affiliate of Luci a well services the strategy involves investment subject to risk how much time do you spend worrying about money recent survey by a major investment firm found that on average investors spend an hour and 20 minutes each day worrying about money that adds up to $475.00 a year and what exactly are we stressing about respondents to this survey so their top 3 concerns are a catastrophic event using up their retirement funds living longer and their retirement funds not keeping up with inflation if your financial fears are causing you to worry hundreds of A. Hours each year spend one hour in a complimentary consultation with the Luci capital group advisor if you're concerned about outliving your money or the threat of inflation turn to the experience and guidance of the Luci Capital Group retirement strategist 806440115886441154 schedule a consultation by clicking Contact Us at Legia kept dot com That's Najia cap dot com securities offered to choose securities L.L.C. Member finance I.P.C. a Subsidiary of Luci Capital Group an affiliate of Luci a well services. 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We've got the strategy and we're going to execute it the financial planning strategist and the investment team at Legia Capital Group are ready to answer your questions on bucket strategy investing Yes So it's what is your team what you think your team's execution I think they should be I am in favor of I forget who said it but it was a funny 877 plan or P.-L. a Double any are we are the team we're here to help execute your strategy and do it in a way that's helpful to you 877 P.-L. a Double and E R Again not coming out of the bottom of the hour we will talk more get started talking about alternative investments I know we have some people on hold we gets all the folks so if you're on hold just be patient we'll get you in the order that is on my list All right so chuck will be next up then in Las Vegas Nevada hello Jack Yeah I look you have about withholding in all Yeah what's that exam column in explained well if you want to when you're filling out your W. 4 you know that you talk about the exam there would be exempt from back up withholding usually a Depends on what question they're asking you can either try to go exempt from withholding but you're still going to owe the taxes but there are some that are subject to a certain amount of back up withholding and most people are exempt from the backup of holding So what are you trying to accomplish here what form are you talking about it just doesn't like you say to figure out exemption you know the W 4 the day before the euphoria when I didn't really explain the definition of that. I would have to look it up in the break you see what it's asking but when you're looking at whether or not you feel like you're withholding enough now as your income pretty much similar from year to year. Yeah yeah so what you could potentially do is look at your tax return from last year find the line on your tax return that says this is your total tax probably lie I think it's around line 61 if you're a 1040 filer and then kind of just mark that number down and then take a look at your latest to your wife's latest idea to see if you're married and say OK so far this year I've withheld this much and my spouse has withheld that much together we have so far paid into the system X. Amount of dollars each pay period we're withholding a certain amount of money so how much will you withhold for the rest of the year you just take the amount with holding per paycheck multiply it by the number of paychecks for us a year so you come up with the number that says this is how much I am projected to withhold for this year how close is that to what I owed last year if it's significantly more then you might want to go in and start changing your W. 4 and reducing the number of exemptions by one or 2 to see where that withholding comes up if it's close to it and you don't mind getting a refund just leave it where it's at you'll get a little bit of a refund if it's well short of where you think or what you owed last year I mean yes your taxes may go down a little bit but they're not going to go down significant they're not going to go down by 2030 percent that may go down by 10 or 15 percent of the most so you would be cabbages gauging where you're going to be based on last year's tax return which is probably a little bit higher than what you actually owe now when I say the tax liability from last year that's not what you paid Naperville you know and the fact that you got a refund doesn't mean you didn't pay anything in taxes look at the line that says this is your total tax as I said as a someone in the sixty's. So they don't yank any Whipple. Well you're exempt has to do I believe if I'm trying to I'm trying to remove the form of my head I believe exempt has to do with back up with holding and that has to do with some other issues or you can go exempt if maybe that you want to go exempt and withhold nothing that's a little on the scary side unless you already know you've put in enough some people will go exempt and then they'll pay Quarterly's why I don't know I hate paying Courtney's but that's just me some people have had a job where they're making a lot of money and they've already paid in more than enough to cover their tax liability and then they leave that employment go to another place and they don't want the thing with help from the 2nd job because they've already put all their so they go exempt on the 2nd job or something that they so there are times where you can you know exempt yourself from withholding so I'd have to go back and look at the form are they asking about withholding itself and or do you want to be exempt from that remember just going exempt and getting in getting nothing with health in your paycheck doesn't mean you don't owe taxes at the end of the year and we do have to stay within the safe harbor So 1st off before you do anything there find out if you're pretty close already if you're close. Don't worry about it just get a little bit of a refund if you're not close that's when you're going to start playing with my way over with holding my under with holdings should I add to it in my case I projected my tax withholding to be well under what I owed what I expect to over 2018 so instead of playing with the exemptions I just left the exemptions where they were and said There's another line that says With whole the dollar amount of flat dollar amount per paycheck and I said OK I'm going to be short by X. Amount of dollars divided by the number of paid periods I had left boom put that on my paycheck withhold that every month so that I get where I need to be in my mind it's easier to hold it much easier to do it that way I like it that way because otherwise how much is that exemption work unless you have a calculator that has the exemptions built into it and I haven't seen one for the new one for the new tax code but it could be out there it was just before me because I was under withholding it was just easier to add a flat amount based on what I needed to withhold for the year so just get an idea of where you are before you mess with it. OK thank you OK thank you for the call Jack and we were talking about the potential for having to pay more than you thought in taxes and it doesn't mean that your tax bill is bigger in fact the overall tax bill could very well be smaller you might by ject a tax bill was about $1000.00 a year less than $28000.00 that it was going to be in 2017 yeah but my withholding was projected to be about $3000.00 under where I needed to be which means I would have been writing a check to allow them a $1000.00 and I don't like that now I'd say I'd buy with holding the idea is to spread the whole point of withholding really is to spread it out over the course of a year so that you don't get stuck with a huge tax bill in April part of the idea of withholding is to make it easier on you but that's not the main part the main part of withholding is and you know how like this is so the government has an ongoing income stream and they don't get just a huge check in April they get it so they can match their payments and you know in liabilities and sure that's it there and come coming in and there are expenses going out that's their rational you know how many people believe that that is absolutely that's and that is I bet you the majority of the people believe. You said that just to get you did you say that just to get what I would make is an easy if I do the rationale how they're selling it and that's what that's what they say when they say this is why we're this is why you have to pay Coralie's This is why you have to put in withholding as I said it would be better if they said no the real reason is this is because it's easier for you to get stuck because we want to actually get paid and if we wait until the year you won't have the money you will spend it all year and you won't file your tax return Well that's it I mean the whole point is to spread it out so that it's a you don't even know that you're paying the taxes and here's the other problem too because this is actually the bigger reason you don't know what you're paying in taxes if you go over withhold. You know you get away if I get a refund I didn't pay any taxes look at me what you did pay taxes you pay the time to taxes. You don't you don't even know you but if they never with held and everybody even if they had the money at the end of the year in April if they never withheld and you had to write a check for $568000.00 you would know what you're paying in taxes and you would really resent it you know your federal tax liability would last year. Have to look it up I could tell you the I don't buy that it pisses me makes me bad. Well that's just it that's just it might know exactly what I'm paying Yeah well I mean you could look it's right on your tax return but the problem is it's not even knowing what it is the number doesn't set most people because it was already paid but it's if you have if you had to come up and write a check or do whatever it is you had to come up with the money in April and everybody had to do that without withholding there would be a big big backlash there and I'm telling you and this is why if I had it write a check one time and I had to prepare for that check wow I'm at this I'd be even more upset about the taxes I pay is that I do this is why there's withholding not that stupid bogus every time they go that's what they say that creates its own currency out of thin air somehow it needs an income stop believing it folks it ain't true all right now you know the real the rest of the story 877 planner Professor Johnny Bean back with more buckets in this. Baby boomers are facing some critical retirement planning decisions that involve their Social Security benefits so many variables can impact disowns Social Security Strategy your work history your spousal benefits and of course the aged Would you take benefits among others if you have questions about your options for Social Security take 15 minutes to watch your free online video available now 9 vital steps to navigating your Social Security this very informative program is hosted by Lucienne Capital Group chairman Jr What you're about to see is what I believe to be some of the most important information you need to know about soul Security joining rate for this free present Taishan Capital Group chief financial planning officer for example if your full retirement age. $66.00 then you'll receive a 25 percent reduction in your benefit if you claim at age 629 final steps to navigating your Social Security is a free online video available now on demand that well fed dot com as in wealth education wealth ed dot com if you're facing Social Security decisions don't miss this free program online on demand at wealth ed dot com Let's talk about longevity and taking them to help get insights about issues that affect millions of individuals and couples trying to make informed Social security decisions the timing of the benefits can create a couple planning opportunities that may help you manage the benefits they receive over both your life that watch 9 vital steps to navigating your Social Security then schedule an appointment with the Luci a capital group advisor to learn how to integrate social security benefits which can be calculated as part of your retirement planning strategy go to well fed dot com as in wealth education well fed dot com Social Security rules can be complex for more information on Social Security benefits go to S.S.A. Dot gov or call 807721213 Luci Capital Group and its affiliates are not indorsed by or are affiliated with the Social Security Administration Jr and red plum operated vice resurfaces 3 Lucina Capital Group an investment advisor securities opportunity and securities L.L.C. An affiliated broker dealer member S.I.P.C. Jr and Rick plum representatives. From the Fox Business Network and governors from the northeast and premiers from eastern Canada are meeting and Vermont to discuss regional issues such as energy the environment and trade despite a trade dispute between Washington and the AIDS Healthcare Foundation is $12000000.00 and a proposition 10 in California to regulate rental companies realtors and others raising $22000000.00 in opposition supporters say it protects people from being priced out of their homes opponents argue it will decrease housing shortage already exists in Eagan Minnesota businesses see less visitors than expected since becoming home to the Vikings training camp the local Chamber says it's too soon to evaluate because the development is just beginning eventually it will include corporate offices medical retail and multifamily housing with a Fox Business Report. MARTHA MACCALLUM We only have an hour with our viewers every evening we want to make it count for them we want them to know that they can trust us so we do our homework we try to cut through the noise we try to cut through the hysteria We're not here to jump on a bandwagon we're here to draw down on the facts we know that we live in complicated times we want to peel that back and we want that lounge present. I wrote this next I guess or so I should never have told her upper press this collision insurance cover centered dogs and cats she said if they could love her as much as she did and so. Could this next. Person. Was. The cat. In the back because appreciate you coming to the coverage not available New Hampshire enough talent results may vary not a solicitation for legal services if you owe the I.R.S. Back taxes payroll taxes or have not filed your returns the I.R.S. 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And I just said the I guess an orchestra has strings right and what's what's the difference I should know that being the musician that I am but that was always my standard answer it's that if you don't have strings in your band . And if you have strings and somehow someway or an orchestra but you've got to have more than just like you know 78910 people as to be like a full on thing. This means nothing what does mean something is this size saw this by the way 877 planner there's our number JOHNNY B. And professor at Columbia Capital Group this is market strategy investing keeping an eye on what folks are saying about this market this is a market watch on the way back in March of 2017 so you know year and a half or so ago Brett Aarons who had said way back when this is the most dangerous and overvalued stock market on record worse than 2007 worse than 2000 even worse than 1929. Now why would Brett say that while bull markets last on average 9 years now if you want to get not too technical the bull market turned 9 years old on March 9th and 2018 if the bull market ends in 0 if may not be 9 years old but it would forget that it's close enough to bear market lasts 1.4 years losing an average or with an average loss of is this right 41 percent Wow. It does seem high. But in order for a bear market to be a bear market you have to release a 20 percent downturn from the high so they're not counting in a downturn the less it's a 20 percent or more right so it's going to be 20 percent from from the high and I know let's see 2008 What was that as that was probably down but was it well it was 2007 now but I mean the bear market of 200809 that yet was there any time it was it was 50 but it yet leases with a 12000 something if you're 60 right if you go back to 129 where I think it went down I don't know 80 percent I remember what it was so I suppose you could say it's close to that but anyway it doesn't matter necessarily for arse for discussion purposes here but the point is that. The bull markets and because people just decided to jump off the bandwagon there is never any real true reason why a market will turn from a bull market to a bear market professor was there ever any anything that triggered triggered what we saw. Would it start October 7th 2007 was a high it was like a Coburn got over a doctor overnight 2007 goes October 9th 2007 what triggered it. Nobody knows well there was no one thing people were worried about it but nobody can point to it like that fat finger day where but it was quickly recovered right know there was nothing like that and it's not like it just took a big jump off of a cliff one day it didn't happen it happened slowly slowly slowly through 2007 and part of 2008 and then the thing that really got things going on as as people started to get louder and louder and. You know the Lehman thing in 2008 that I mean that was fairly sudden all right but that didn't start it so here's the point of all of this if you don't know when a bear market is going to start people start to get a little worried for whatever stupid reason about when bull markets get old. You've got to be prepared and this is what planning and strategy is all about and this is potentially where Professor Plum in my opinion you can correct me where and why somebody might consider alternative type of investments in their portfolio for just such a scenario where everybody gets scared and they all like like the gazelles fleeing the you know the the plains of Africa for whatever reason because somebody got scared same kind of thing when we talk about diversification we diversify within the stock market to diversify against certain risks the risk of a particular sector the risk of a particular company having issues we will diversify between stocks and bonds to try to change the characteristics so that not everything is reacting the same way and over the past several years as basically led by the endowments and the large pensions We've also started diversifying into what they're considered to be alternative investments investments that do not correlate well with the stock market or the bond market just because the stock market or bond market is going one way or the other does not necessarily reflect the that this alternative essence going to be going up or down nothing that alternatives are not risky they do go up and down they just go up and down by. Different information different times and so you know in a in a properly diversified portfolio the old adage is that something is going to be doing poorly at some point at all times not everything is going to be going up at the same time because if everything goes up at the same time it's likely that everything could come down at the same time as well so the alternative investments are designed you know well they're not designed but they're put into portfolios to have a counter effect to in many respects to what the rest of the market is doing now the problem is alternatives have not done anywhere near as well as the market in the past several years in fact they haven't done very well at all because all the money is going into the market what half everybody is chasing the yield in those areas for the returns and things but now may be a decent time to consider adding alternatives or continue maintaining those alternatives even though they haven't done well what is the best time to hold onto an investment when it hasn't done well assuming that it is not fundamentally flawed at the investment level if it's just a market condition but alternative investments are investments that you know basically have little or no correlation to the movement of the stock of the bond market doesn't mean they don't have move it just means they move different so you're talking about things now there are some things where you know a down at $7000000000.00 and they have access to you know some of these hedge funds and private equity but they're that those are the kind of things that we can be talking about you have venture capital private oil and the like oil and real estate and real assets tend to be more of the alternative real estate in those kinds of things where they you know people think about what's real estate went down you know when the market crash in 2008 actually real estate didn't really start its downturn until 2000 and it was a bad time the market was shooting back up so it tended to work opposite of each other that it didn't go down real estate got hurt but having turned investments know how much. You're not going to go over weight in those things either endowments tend to go a little bit higher than what I would suggest for an actual individual because they have a longer term time commitment and they tend to be less emotional about things right now that we see people who either don't want to invest in alternatives because they only look at the track record and or they want out of their investments in the alternatives because they look at the track are going to say Well I if I had been in this fund that fund this market whatever I would have made so much more but looking backwards at returns can get a little scary because now you start chasing returns and you're always chasing what could have happened instead of what might happen or will happen that's the definition of chasing yield or chasing returns and so what will be the best course of action going forward a lot of what you're doing in investing specially the longer term growth portfolio areas is trying to create a reasonable rate of return that will help you reach your goals while at the same time minimizing the overall volatility in the portfolio so that volatility you know hopefully let's just stay and be more rational or the lack of all Attila the hopes this be more rational about when and I don't know when and it's not if it's a when the next downturn occurs I don't know what it's going to be it may be 10 years from now that maybe already started I don't know so that's the problem exactly we don't have that wonderful crystal ball looking forward 2020 hindsight says you know man I should have been not only should I have been in that X. Market I should have been in that particular stock. How many people got that one right. Now does this actually you know people that do have alternatives they have a for a reason and they understand the long term effects of of having alternatives and this is really something besides stocks bonds and cash if you really want to define it that's really what it is an asset that's not stocks bonds or cash when you have a growing market like this it can I suppose temper your growth Oh it can very much it obviously you know if you have diversification helps your overall return but they can also hurt your overall return diversification helps because you are more exposed to areas that could potentially go and if you don't have to get one thing right but the best way to make a lot of money. In the investing world is to pick the one investment you get water to have diversification I pick the one investment that goes up like gangbusters because I definition if I pick other with maybe only put 10 percent of the money of that one I got 90 percent other things I'm going to lag that one investment how do you pick that one investment let me tell you a bit the best way the best way to win it roulette is to pick the one number that comes that comes up and put all my money on that why don't more people do that because you can't pick it so what do you do you diversify your holdings you're still gambling but you diversify your holdings across the table try to get a little bit better return and if one of the number of hits that you got you said oh I should've put my money on that. But you diversified and you protected yourself on the downside All right so who should own alternatives who should consider them why don't more people use and what about taxes if we have time we'll get into that all right not a lot of time on it but we'll just give you the 77 plan are coming back with more buckets strategy. 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Investment subject to risk every investor has their own unique financial thinker print each with their own unique concerns concerns that I have is that I'm not going to have enough money for retirement at a capital group we hear your biggest concern taxes and retirement taxes there are already by pretty good retirement in today's economy can be overwhelming my 41 case and risk investment I'm concerned about that if you are worried about outliving your money the unpredictability of the stock market or risks associated with inflation college be a capital group for a complimentary plan review on how the Baucus strategy is designed to provide opportunities for diversification and investment options in a low interest rate environment schedule a consultation at no cost by calling 864115806441150 or visit Luci account dot com cap dot com securities offered through securities L.L.C. Member FINRA SIPC a subsidiary of Luci Capital Group an affiliate of services the strategy involves investment subject to risk. Many of us are at the age when we dream of retirement but for those who fail to play retirement is more like a nightmare learn how to better manage your money toward retirement to them to your financial life Saturday mornings at a mother and retirement planning specialist Pat but too cheap offers fresh insight into market trends for a one K. And IRA plan and interviews with experts on the economy and your financial future your financial life Saturday mornings it is on AM 1220 K D O W. If this were just any door. And this were just in the ignition. Connected to just any Now in theaters for this intertainment answer met model. As the house going along needs a ton of work the pipe. Your leaking needs a new roof the AC just broke I just don't have time to do it all myself you know anyone who just asked home advice or they match you with the best global pros for any home project cool yeah you can read reviews and who point it's online and what's it cost actually Home Advisor is always free to use ice I'll check it out go to Home Advisor dot com or download the free app her. Well the grass is going to cut itself I'll be outside wait in line aligning my butt in your one piece riding mothers because you might fall off the push mower you're right I should probably wear my helmet to not what I meant it's hard to be without your bike city something easy a protective aggressive motorcycle insurance with these policies low $75.00 a year to get back on the road in that time is a president comical today pressed against the insurance company in Philly its annual premium for basic liability policy not available all states. Not just talk show hosts and experienced investment team working with seasoned financial planning strategists behind the scenes every day this huge bucket strategy investing I would say were pretty funny. Least with where we think we're really clever better. Than even the rich. It's all pretty stupid anyway 877 plan another hour coming up and we'll talk next hour about some of these we have a question about this mega Roth IRA that we talked about last week some rock planning strategies let's see I had a whole bunch of these here we did talk about the backdoor Roth IRA We also talked about a little bit about this. I don't know if I want to get into all these because some of these are pretty wonky and I don't know if you know people can really follow them. But strategy coming up next hour along with your phone calls and your e-mails also didn't get to this forever nevers discussion yesterday I really wanted to do that we want to do that for a while so let's see if we can get to that next hour as well you would want to do this forever forever yes I never want to do it or I always want to do it anyway yes things that you should never say and always do all right again 877 planets are on the subject of alternatives and I know it can get complicated says an operator but if I can spend much more in a few more minutes on it we'll take care of the top of the hour but alternatives what we're talking about alternative investment you can talk precious metals gold and all that stuff. You could have business development companies which you know you could also have real estate investment trusts master limited partnerships oil and gas is another one. I mean we talked a little bit about options strategies private equity. Private my getting out private debt all this stuff now you know you it helps to have an advisor working with you on this and invited her who knows what they're talking about but let me ask you this Professor Plum who should consider alternatives because I did say not everybody and I as true that everybody should consider alternatives necessarily the larger your portfolio is the more likely you're going to start adding this type of diversity it's just like when you start investing when you're 20 using probably one mutual fund to put your $50.00 a month into and as you get bigger and the more you start adding different sectors of the mutual fund world as you get closer to retirement you start adding different bonds in other types of things the larger the portfolio the more likely we're going to start adding alternatives also you need to be a little bit more sophisticated the you know just understand that in a relationship because at times like we've seen recently they don't perform as well and people will want to get out of them probably at the wrong time unfortunately we're going to most people want to get out of the market when it's down when the most people want to get into an investment when it's already up well the problem is you need to get into these types of investments whatever the investment is before they go up but usually that's after the downturn so we're nobody wants to jump it when nobody wants to get in and so constructing a portfolio that has all these in it you know whether you're doing it by yourself whether you are using a team of professionals to give you you know statistical reasoning with you know sharp ratios and all these other things to tell you why you're doing what you're doing the more the larger the portfolio the more likely going to have it now the good thing about alternatives is that over the past couple of years you know 1520 years ago we really didn't see that many of them and they weren't really for the average investor they're for more of the the high end person. And then when they started offering them to more of the rank and file you know average investor they were they had so a lot of fees and now the newer crop of alternatives a lot of them the fees have been you know basically pushed out of a look at what mutual funds went through over the history of the original mutual funds had loads of 89 percent sure there was a very popular mutual fund Unfortunately back in the eighty's sold to many military individuals that had a 50 percent load of the for 1st year contributions but they were it was widely small. But as time went on people became aware that well that's ridiculous and they've squeezed those kinds of upfront costs out same thing it's been happening with alternative investments where a lot of them yes they still have fees yes they still have expenses that you that you have to know about you need to look at but a lot of them don't have the same heavy upfront expenses as they used to which makes them more viable to the to the investment and some of have general required to value giving little I don't know more accurate valuation I suppose well accurate so tough number because it's like what's your house worth Well that's that's I can go buy comps in the neighborhood but nobody in my neighborhood is exactly the same as my house well the way I'm going to get home I have somebody actually writing me a check I don't really don't know what the value is what somebody willing to pay for pay me for it right now but I don't know what that is unless somebody is actually writing me a check right now yeah well so so so we try to find other things that are similar to it and say Well it's similar to that so we're going to market to that value Yeah so so anyway that's that's why somebody might consider alternatives if their portfolio is larger then and they and they want a little bit more diversification really that's what this is is a kind of diversification play. They're taxed in some cases a little bit differently. Some of them have some preferential tax treatment some of them have some what were some people perceived to be negative tax treatment in the fact that they get K. Ones you know it's how the reporting of the taxes. Realty is. Less fun shall we say and that's why you know. In some cases need a more sophisticated investor who understands that OK I'm going to get a K. One from this yes you have these what are called these passive income generators you have these. Pigs in the past. Yeah. Passive was active no losses losses not passive activity probably just passive loss of passive losses OK So the P. A Anyway these are the things that you've got to be that you've got to be aware of but if you honestly Professor Plum if the idea of the goal is diversification and that's exactly what it is is it possible to have too much diversification and we've talked about that before too well we've seen people with portfolios in the stock portfolio area where they have a series a series just mutual fund after you know yeah at the end each mutual fund has 2 or $300.00 individual stocks in it and there's 2 problems with that one is that you are over diversified where your you are the market and so if you're going to do that just by the market or it may be that you think you're diversified but every one of those mutual funds your own owns the same thing and so the even though they're different names and they're slightly different percentages you know when you look at the proper holdings they're all about the same and so you're not as diversified as you think and so it's something that you may want to look at and try to get a little more control over now if you think more people don't use alternatives because the former not former There's still fees and cost but because they were previously as high as they were think it's more of the performance in my personal opinion I mean and some of that I mean it's all over that count some of the well some of the lack of warrants may have been because of the higher fees that they had back in the day but there were some some alternative investments that you know in the middle of the 2000 you know they were doing 20 percent something's of that nature so even with the higher fees they were turning in incredible returns then they weren't because the markets turned against them than they were in but if you're buying as a worse a vacation tool I'm not sure that it's necessarily what you're but people do this with their own individual mutual fund has to sell all the ones that are dogs and they put it into the areas that have got up and then why it's helpful to have an advisor I got to break out of time if you need the brain trust off the air 864 for 1150 and another hour just ahead more back in strategy investing information presented should. 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