May 18, 2025

S2E8 Help-I've Fallen And My Portfolio Can't Get Up

S2E8 Help-I've Fallen And My Portfolio Can't Get Up
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Season 2

In this episode of Don and Gary Doin’ 60, we kick things off with a rant (of love?) about customer service — or what’s left of it. Is it just us, or does getting help feel like applying for root canal?
Then we pivot to the long game — the really long game — of stock market investing, financial planning, and living trusts. It’s the fun task of guessing how long we’ll live and how much money we’ll need until we 'pass on.' Mortality? Emotional. But necessary. So why does everyone avoid it like it’s haunted?
We dive into the awkward, the essential, and the occasionally funny parts of planning for the future. It’s real talk with classic Don & Gary banter — and it might just nudge you to get your financial ducks in a row.




#CustomerServiceFails
#AdultingHard
#FinancialPlanning
#LivingTrusts
#EstatePlanning
#StockMarketTalk
#MoneyMatters
#MidlifeMusings

WEBVTT

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Don't blow on it.

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It's so enticing though.

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Hey don Hey Gary, I'm good. How are you?

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I'm good.

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I've noticed that my hair turned out really high and

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closer to God today.

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I don't know how I love it.

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It.

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Just pulled it out of the dishwasher, shook it out

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and snapped it on my head.

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And I'll ask.

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I've asked this before. I'm going to ask again. You

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don't color your hair, do you?

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If I had a nickel for every time somebody asked

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me no, I do not.

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So I'm blessed.

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Because I had my first gray hair at fourteen, you know,

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so I've had gray for a while. You know.

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It's we're all at different phases in.

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Our journey, that's right.

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So what are we talking about today, Gary?

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So it's up a journey and maybe planning ahead for things.

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So we're going to talk about a living trust and

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a will and other things that maybe weish people at

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our age should already have in place. If you haven't,

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you need to get all it. So that's what we're

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talking about.

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Okay, Well, I've got lots to add to that because

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I did my homework.

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Oh, you've highlighted notes. It's good right.

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I highlighted it was the highlighter as I but he

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never mind. It's a long story. Okay, so looks good

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and stop playing with it.

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Well, welcome back everyone, listeners and viewers of YouTube. I'm Gary,

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he's Don. Welcome to this episode of Don and Gary

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Doing Sixty. We're here to unwrap and unpack navigating the

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world at this age. As the title suggests, that would

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be age sixty and I admit to being sixty.

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Actually I'm sixty two.

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Yeah, yeah, I can't speak for Don, but you can

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find us on Apple Podcasts, Spotify and other fabulous platforms

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where you pod. We're on Instagram at Don and Gary

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Doing sixty. And new for this podcast is you can

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see us on YouTube. For those who want to see

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and hear us, Well there you go join us on

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under the channel of Pifer Podcast Productions, and in there

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you will find, among other things, Don and Gary doing sixty.

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That's a mouthful.

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It was close. It's for pod and if you go YouTube,

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it's five for pod. But hey, this is your first

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time on the job. It's okay.

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Well you know what, No, I look on YouTube and

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I thought one of the graphics said five for podcast.

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Productions.

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Okay, well that's that's the company that I am the

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se of. So yes, whatever I mean, they'll.

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Find and one of many.

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They're smart people. They're smart people.

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Anyway, no matter whether you listen to us or watch us,

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we'd love for you to like and subscribe. Comments are welcome,

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and you can also email us at Don and Gary

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doing sixty at gmail dot com.

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So how's that for an intro?

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That was good? You did really well?

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Well, you know it's written down on the page. I

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just need to follow it.

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I do have one little gossip, maybe a little complaining

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about something that happened today to me on.

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My that's where I got to the pod.

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You and I both know about customer service because we've

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both worked in retail stores in our youth, and we

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know what customer service used to be. It's not like

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that anymore, sadly, right. So I decided I was going

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to stop by a trilogy of stores, not because I

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wanted to buy a couple pair of jeans, because it

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wants to have her big and I thought, you know,

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I need to get some genes. So I won't give

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you the names of the stores, because you know.

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That would be rude.

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Can you see what it rhymes with.

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Well, one of them is not the Bop, the other

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one is not Young Army, and the other one is

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not Papaya Republic. So all three are lined up together

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near my house. So I first went into Papaya No

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excuse me. I first went into Young Army. A couple people,

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friendly staff, but they were chatting the whole time.

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I walked in.

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I walked over, I walked past them. They just kept chatting, chatting, chatting.

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I left YEP.

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I went into Papaya Republic. There were two employees in

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the store and I think one customer. No one acknowledged me,

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No one said hi, no one, can I help you?

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Nothing. I left that store and then I didn't go

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into the Bop because I figured, well, two out of

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three I'm done by.

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Well let me ask you this.

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When you go in, do you need help or do

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you prefer to shop on your own?

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Or what are you looking for?

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Well, there are times where when you walk in, they say, hi,

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welcome to blah blah blah.

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Can I help you?

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Right?

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If I need help, I'll say yeah, I'm looking for

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X so they can put me in the right direction. Otherwise,

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if I'm just browsing around.

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I like, no, I'm good. You know, if I need help,

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I'll go to them.

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But it's just nice to be acknowledged, even if it's

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a high welcome something. But I mean, in the first

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start they did say hi, but that was about it.

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And I don't know is this the new thing and

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the hands off approach.

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I believe it's a generational thing. And I also think

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that retail is some thing that the children no longer

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want to take part in because a it doesn't pay

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very well. B Retailers ask a lot of employees. They

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always have. I han't been in the rag trade myself

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a number of years, and I think that it's one

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of those generational things too, where a lot of time, people, a.

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Lot of things factor into it.

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I think people are used to shopping online, so they

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just check things out and say where's this, or they

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do their ordering online because I know I've ordered a

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lot from the Bop too or yea Papaya Republic.

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I've ordered definitely from them. But it's a lot.

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Easier to order and just return via the returning systems

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that right, so I can literally go to Staples drop

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off what I didn't like at papaya and it's done

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in a bag.

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Yes, I get it. But also, here's the other thing.

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I think the downfall was part of the self service

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checkout lanes that were put in place. Plus probably retailers

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don't have as much money to spend on staffing.

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Where did you Where did you find these three stories?

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Where were you?

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Right here in my neighborhood.

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They are yeah, okay, and they're one right next They're

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all like one big building, but separate stores, one next

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to the other next.

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To They're not the ones off Palle Street. Those are gone,

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aren't they? Yeah? Okay, gotcha?

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Okay off of the Embarcadero.

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Really okay, they opened a couple of years ago, got it.

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I didn't know that legedly.

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Allegedly well apparently not going to be opened.

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For long, but anyway, I definitely So what.

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How did you feel about that? Though? Was that enough

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to make you say I'm not going to shop here?

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No?

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Well, one, I'm not a big shopper. I don't go

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to stores a lot. What happened was I did go

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to the store I normally purchased close from, which are

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like the you know, the big boys stores, and I

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kind of walked out of a smile because I looked

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at jeans and everything they had was too big for me.

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Good for you.

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They didn't have my size. Good and you know.

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They're low and invatory, so maybe they would have had

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my size, but they don't.

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Now they're like, okay, no problem.

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So then I went to another store that's more I

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don't know, it's Cools. It's that more like moderate price,

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and they have a lot of jeans. But again then

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I couldn't find anything. Everything was too small. Okay, went

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up to like, maybe the size is right below me,

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but I didn't find my size. I'm like, okay, so

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one was too big, one is too small. That would

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need one that's just right. So since I was going

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to be walking past these stores today, I thought, you

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know what, on my way home, I will stop in.

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I did a quick check.

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They didn't have a lot in terms you know, it

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was probably like just below my size.

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So I have the search goes on.

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Okay, I mean, I think, I mean, okay, I got

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one more question for you.

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I hear you, I hear you. I completely agree with you.

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How do you feel about trying on so many clothes

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because jeens is hard and because every gene fits differently,

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and even right by a papy republic, you try on

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the same size and they fit differently.

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So I mean it's a hassle. It's a big h Well.

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That's why I mean I rarely.

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I have bought clothes online, but you really need to

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try them all because, like I said, one brand versus

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another will fit differently. A lot of jeenes are relaxed

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fit or loose fiitever. I don't want baggy jeans, you know,

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because that for me it feels heavier and this and

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walk around going there's too much material down there, so

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I'd rather get something more fitted, more you know, boot

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cut or fitted whatever.

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But you need to try it on.

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I have to admit to something.

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You know who Billie Eilish is, right, Yes, Okay, Well

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she started a trend a long time ago that the

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children are wearying that I hate to say that I

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bought into now.

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It's basically they're very wide pants.

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Yeah, and I bought a lot of them because I

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like cam I call them my Palazzo pants. But it's like,

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but the thing is like I've got all those other

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jeans that are like remember skinny jeans.

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It's like I can't.

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Well, I never wore skinny jeans.

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Well even I'm not skinny, and I'm not a skinny

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jean guy, but they have the other ones that have

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like a lot of stretch.

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On them and everything.

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Yeah, yeah, and I've got some of those from work

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and you know whatever. But it's like, now I just

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want on the weekend, I just want to roam around

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inside my palazzo pants. And they're not called Palazza, they're

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they're like just they're just really they're wide, but they're

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really cool. And it's like I just want everything flying

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around and getting air and you know, just nothing's constricted.

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Well, on that note, that, shall we jump to our

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main topic.

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Let's jump in. I've got some stuff here.

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It's very exactually very timely that you brought this one up,

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because we're both actually working on this, I.

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Think, right, and for me really it all started quite

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a while ago when my dad passed away in twenty ten.

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You know, obviously we're spending a lot of time at

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the cemetery and at the funeral home and all that.

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And whether they brought up a conversation or I just

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thought about it, it's like, these are things that I

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need to plan for right in terms of where's my

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final resting place going to be? And they say it's

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super expensive. And I'm always about planning with you know,

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all the voluntary work I do, it's about planning for work.

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You need a plan ahead what you're going to do.

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So I kind of take that to heart and say

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I'd rather plan for it now and you know, pay

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and installments if you will, so it's not such a

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big financial hit at once. You don't want to wait

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till some things are happened and everyone's out of.

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Loss, Like what do we do? What does he what

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would he have wanted us to do? Ye?

240
00:10:05.679 --> 00:10:08.279
Right, So I started with that. So in the cemetery

241
00:10:08.360 --> 00:10:10.879
where my father is, he was in the military. So

242
00:10:11.000 --> 00:10:15.399
when back in the fifties, the government approached veterans and said, hey,

243
00:10:15.600 --> 00:10:19.559
we can give you a burial plot at Skyline up

244
00:10:19.559 --> 00:10:21.720
in you know up, I'm ninety two and seminary. You

245
00:10:21.799 --> 00:10:24.919
as a veteran, get one for free, and then you

246
00:10:24.960 --> 00:10:27.519
can buy a second one for your spouse at a

247
00:10:27.559 --> 00:10:29.440
dis kind of price. So he did that back.

248
00:10:29.320 --> 00:10:34.080
In the fifties. Okay, so skip ahead. So he's there.

249
00:10:34.360 --> 00:10:37.399
You know my mom already, you know she knows she's

250
00:10:37.399 --> 00:10:40.799
going there. But then in talking to the person at Skyline,

251
00:10:41.399 --> 00:10:43.120
I'm basically going to sub lease from my mom.

252
00:10:43.639 --> 00:10:45.440
Okay, you might want to break that one out and

253
00:10:45.720 --> 00:10:46.679
unpack that a minute.

254
00:10:46.759 --> 00:10:49.320
Well she's going to be cremated and I will be

255
00:10:49.399 --> 00:10:52.080
cremated so that we can share one space.

256
00:10:52.600 --> 00:10:53.879
Okay, so you're gonna be bun.

257
00:10:53.919 --> 00:10:56.200
So I had to basically buy into it.

258
00:10:57.039 --> 00:10:58.799
So they sublease us a plot.

259
00:10:59.440 --> 00:11:02.000
Well, I mean it's it's it's her space and I'm

260
00:11:02.240 --> 00:11:05.919
basically going to share it with her. So I had

261
00:11:05.919 --> 00:11:08.519
to you know, they drew up a contract and I

262
00:11:08.519 --> 00:11:10.399
had to make payments over X amount of years to

263
00:11:10.440 --> 00:11:12.360
pay for it. So that's all paid and done for it.

264
00:11:12.919 --> 00:11:17.919
The next thing so that's the burial, but then there's

265
00:11:17.960 --> 00:11:25.200
the funeral service and then there's the headstone. So those

266
00:11:25.279 --> 00:11:28.679
are two additional costs. So last year I went back

267
00:11:28.720 --> 00:11:32.519
to Skyline and said, hey, let's talk about the burial part,

268
00:11:32.519 --> 00:11:34.759
because again I don't want to I'd rather pay for

269
00:11:34.840 --> 00:11:39.879
it over time. It's taking from May of last year

270
00:11:39.919 --> 00:11:42.120
to May of this year, and I'm doing it installments.

271
00:11:42.679 --> 00:11:46.320
So I've made this year the funeral part of it

272
00:11:46.360 --> 00:11:52.440
will be done, so all I have left is the headstone.

273
00:11:51.000 --> 00:11:52.799
Because it's you know, it's it's a chunk of change.

274
00:11:53.039 --> 00:11:55.360
Sure, absolutely absolutely, And you also want it to be

275
00:11:55.399 --> 00:11:57.320
in I mean, you want it to be They have

276
00:11:57.360 --> 00:12:00.200
discovered your name to make sure it's spelled correctly, let's yes,

277
00:12:00.440 --> 00:12:02.799
because I always get it wrong, right, I mean, and

278
00:12:02.840 --> 00:12:04.399
you have to check it and all that stuff.

279
00:12:04.480 --> 00:12:04.720
Right.

280
00:12:05.039 --> 00:12:08.000
So that process started in my late forties, right, So

281
00:12:08.039 --> 00:12:11.759
I was already doing that. The living trust and will

282
00:12:11.879 --> 00:12:15.000
I did in twenty eleven, and I guess that was

283
00:12:15.039 --> 00:12:16.559
a year after my dad passed. I think it was

284
00:12:16.600 --> 00:12:19.600
all in that same thing about organizing and planning.

285
00:12:19.720 --> 00:12:20.480
And when we.

286
00:12:20.360 --> 00:12:23.120
Were kids, there was just a will and basically when

287
00:12:23.159 --> 00:12:25.840
the person died, they said you get this, you get that.

288
00:12:26.320 --> 00:12:28.759
But then somewhere down the line, the living trust came

289
00:12:28.799 --> 00:12:31.960
into play. So I was looking at just so I

290
00:12:31.960 --> 00:12:35.480
can better understand what a living trust is versus a will. So,

291
00:12:35.519 --> 00:12:37.320
a living trust is the type of a state planning

292
00:12:37.320 --> 00:12:41.399
document that serves two primary functions. First, specifies who will

293
00:12:41.399 --> 00:12:44.519
manage your assets during your lifetime, whereas the will only

294
00:12:44.559 --> 00:12:49.080
deals with once you're dead. Right, So in a living trust,

295
00:12:49.200 --> 00:12:52.440
you have I'm in my living trust. I'm the trustee

296
00:12:53.000 --> 00:12:55.840
in my name, but then I can assign people to

297
00:12:56.320 --> 00:12:59.120
help me manage it in the event that I become

298
00:12:59.200 --> 00:13:03.159
incapacitatd did while I'm still alive, right, And so those

299
00:13:03.200 --> 00:13:07.360
are called successor trustees. So you name one or two

300
00:13:07.399 --> 00:13:12.000
or even up to three people as successor trustees, so says,

301
00:13:12.039 --> 00:13:15.279
So they will manage your assets during your lifetime, including

302
00:13:15.279 --> 00:13:18.720
if you've become incapacitated, as well as after your death. Second,

303
00:13:18.759 --> 00:13:21.600
it determines who will inherit your assets after you die

304
00:13:21.639 --> 00:13:23.080
and under what circumstances.

305
00:13:23.600 --> 00:13:26.600
So I guess I mean I have both. Do you

306
00:13:26.639 --> 00:13:28.240
have both a will and elett trusts?

307
00:13:28.360 --> 00:13:31.159
Just to chime in here too, because a living trust

308
00:13:31.200 --> 00:13:33.720
is something you can always adjust and change.

309
00:13:33.480 --> 00:13:36.720
Right, Your will is revocable living trust.

310
00:13:36.559 --> 00:13:38.200
Yes, and that's a whole other thing where we could

311
00:13:38.200 --> 00:13:40.679
talk about that too. But yes, I mean the beauty

312
00:13:40.720 --> 00:13:42.639
of having both is that you can make changes to

313
00:13:42.679 --> 00:13:46.919
your living trust to change the asset allocation beneficiaries.

314
00:13:46.919 --> 00:13:49.200
That all all the kinds of things can actually change,

315
00:13:49.200 --> 00:13:50.039
I believe.

316
00:13:50.080 --> 00:13:51.360
And that's what I'm doing now.

317
00:13:51.480 --> 00:13:55.600
Yes that like originally executed it in twenty eleven, and

318
00:13:55.639 --> 00:13:58.480
this was after I purchased my condo and for maybe

319
00:13:58.519 --> 00:14:00.559
I didn't know or I just did. I was off,

320
00:14:01.320 --> 00:14:07.159
you know, off track, never put my condo in the

321
00:14:07.240 --> 00:14:11.159
name of the living trust. So I've been thinking about

322
00:14:11.200 --> 00:14:12.639
this for like over a year, you know, so I

323
00:14:12.720 --> 00:14:14.000
might to do list. I got to do it, and

324
00:14:14.559 --> 00:14:16.320
I pulled all my paper glass said you need to

325
00:14:16.320 --> 00:14:20.320
do it now. So I'm in the process of changing

326
00:14:20.360 --> 00:14:23.240
the living trust into the changing the condo into the

327
00:14:23.320 --> 00:14:23.720
name of.

328
00:14:23.720 --> 00:14:24.480
The living trust.

329
00:14:25.159 --> 00:14:29.039
I'm updating my beneficiaries and trustee successor trustees and statsh

330
00:14:29.159 --> 00:14:30.879
and just kind of tweaking things here and there.

331
00:14:31.080 --> 00:14:33.000
Right, And something you want to avoid with this whole

332
00:14:33.120 --> 00:14:37.200
discussion is probate because you don't want to have anything

333
00:14:37.440 --> 00:14:40.519
whoever you are disdaining these things to go to eventually

334
00:14:40.639 --> 00:14:42.799
or to be distributed by. You don't want it to

335
00:14:42.799 --> 00:14:44.679
go into the courts. So it gets tied up there

336
00:14:44.720 --> 00:14:46.399
because there's a huge chunk of change that comes out

337
00:14:46.440 --> 00:14:46.759
of that.

338
00:14:46.679 --> 00:14:47.600
Too, right.

339
00:14:47.639 --> 00:14:49.720
And see that's the where it kept throwing out and

340
00:14:49.759 --> 00:14:52.480
I didn't know. So what is probate? Probate is a

341
00:14:52.519 --> 00:14:55.799
legal process that occurs after a death. In most cases,

342
00:14:55.879 --> 00:14:58.840
Probate is a key part of settling the estate of

343
00:14:58.919 --> 00:15:01.799
its ceased person. In fact, probate may also be referred

344
00:15:01.799 --> 00:15:05.679
to as a state administration, and there's a cost involved

345
00:15:05.679 --> 00:15:07.240
because you have to go to court. They have to

346
00:15:07.639 --> 00:15:10.639
review it, so this court costs. So by having a

347
00:15:10.679 --> 00:15:15.240
living trust, it negates having anything going through probate.

348
00:15:15.480 --> 00:15:17.519
Well, let me ask you something because this I learned

349
00:15:17.600 --> 00:15:18.919
a lot of this too when you're going through this.

350
00:15:18.960 --> 00:15:21.279
But when my parents passed away too, I was I

351
00:15:21.279 --> 00:15:23.960
had literally and I've got a copy of it right here.

352
00:15:24.120 --> 00:15:28.559
It's a typed will typed from my parents originally, and

353
00:15:28.600 --> 00:15:30.879
then they also had a living trust addended to it

354
00:15:30.919 --> 00:15:32.399
as an addendum later to it.

355
00:15:32.480 --> 00:15:32.919
But it was.

356
00:15:32.879 --> 00:15:35.799
Interesting because for me, not all the assets, like you're

357
00:15:35.799 --> 00:15:38.919
doing right now, changing to your revocable trust. Is that right, Yeah,

358
00:15:39.240 --> 00:15:41.559
you're changing up to your revocable trust. When my parents

359
00:15:41.600 --> 00:15:43.720
passed away, there were a lot of assets were not

360
00:15:43.840 --> 00:15:48.519
posted on that trust. Okay, So luckily, because I'm the

361
00:15:48.519 --> 00:15:51.200
only heir, there was not no question about whether it

362
00:15:51.279 --> 00:15:55.320
be divided up where So luckily there was a revocable

363
00:15:55.320 --> 00:15:58.399
trust already established prior to that, so any assets I

364
00:15:58.480 --> 00:16:01.600
found were eventually placed in to that revocable trust. So

365
00:16:01.919 --> 00:16:04.080
there was a lot of things to learn. But also,

366
00:16:04.200 --> 00:16:06.919
I guess what to our point talking here is, I

367
00:16:06.919 --> 00:16:09.039
think it's great you're doing this. Now I'm doing the

368
00:16:09.080 --> 00:16:12.799
same thing, because you don't want to have missing assets.

369
00:16:12.320 --> 00:16:15.519
Somewhere that are right accounted for, right, And it is

370
00:16:15.639 --> 00:16:17.039
it's a bit of work, isn't it to get it

371
00:16:17.039 --> 00:16:17.519
all together?

372
00:16:17.960 --> 00:16:19.840
Well, yeah, it is to get it all together?

373
00:16:20.000 --> 00:16:23.159
And oh, I need to contact I've got some life

374
00:16:23.200 --> 00:16:26.600
insurance policies yea, And what they suggest is list the

375
00:16:27.120 --> 00:16:30.320
living trust as one of the secondary beneficiaries.

376
00:16:30.600 --> 00:16:32.279
Really interesting, okay, right, so.

377
00:16:32.480 --> 00:16:34.559
You can have your primary beneficiaries, which in my case

378
00:16:34.559 --> 00:16:37.200
we would like my brothers. But then it says also

379
00:16:37.320 --> 00:16:38.720
lists that saw I have to I have to call

380
00:16:38.759 --> 00:16:39.360
them and do that.

381
00:16:40.039 --> 00:16:41.440
I tried to your do online. I just want to

382
00:16:41.440 --> 00:16:41.960
double check.

383
00:16:42.000 --> 00:16:43.639
I want to thank you in advance for leaving me

384
00:16:43.799 --> 00:16:45.480
all of your diamond tennis bracelets.

385
00:16:46.759 --> 00:16:47.799
Well there's only one.

386
00:16:47.879 --> 00:16:49.559
Well I'll take that one then things, but it's a

387
00:16:49.559 --> 00:16:50.440
big ass bracelet.

388
00:16:51.759 --> 00:16:53.480
But no, I think you know, I know this is

389
00:16:53.559 --> 00:16:55.480
it's tedious in a way to do it, but it

390
00:16:55.559 --> 00:16:58.399
also there's a lot of things that actually strikes up

391
00:16:58.440 --> 00:17:02.000
different feelings too, because we're also talking about our mortality.

392
00:17:02.799 --> 00:17:05.000
You know, we're talking about as efficient as you are

393
00:17:05.039 --> 00:17:07.720
and as good you are as being organized and planning.

394
00:17:07.880 --> 00:17:10.400
It kind of made me start thinking about, oh gosh,

395
00:17:10.599 --> 00:17:14.200
I'm planning things around my death. So there's a lot

396
00:17:14.240 --> 00:17:15.480
of things where you have to take a look at

397
00:17:15.480 --> 00:17:17.119
the allocations and this thing like that too.

398
00:17:17.119 --> 00:17:19.279
But what's interesting to me, if you don't mind my

399
00:17:19.400 --> 00:17:21.839
jumping in here, is I've taken a look at this.

400
00:17:21.839 --> 00:17:23.839
There's actually some statistics that go along with this.

401
00:17:24.079 --> 00:17:26.519
Okay, did you know that only thirty three percent of

402
00:17:26.559 --> 00:17:27.759
all Americans.

403
00:17:27.240 --> 00:17:28.119
Have an estate plan?

404
00:17:28.599 --> 00:17:28.880
Wow?

405
00:17:29.200 --> 00:17:30.200
Three Wow.

406
00:17:30.279 --> 00:17:32.480
Sixty seven percent of people do not have an estate

407
00:17:32.519 --> 00:17:33.839
plan or a living trust.

408
00:17:33.960 --> 00:17:36.000
And I think it's one of those things that you.

409
00:17:36.039 --> 00:17:39.640
Just don't think about until you are either the recipient

410
00:17:39.799 --> 00:17:42.559
of something from a trust or a will, or if

411
00:17:42.559 --> 00:17:45.119
you have it lying around like we both did, and

412
00:17:45.160 --> 00:17:47.160
we're getting to that point we start thinking about those

413
00:17:47.200 --> 00:17:49.880
things because eventually we're going to talk about financial planning,

414
00:17:49.880 --> 00:17:53.119
and that's another thing that basically plans out your life,

415
00:17:53.480 --> 00:17:56.960
your meaning years. Luckily, when we get to that, my

416
00:17:57.039 --> 00:17:59.079
financial planners have built me out to be ninety three

417
00:17:59.160 --> 00:18:01.319
years old before I die, So I'm just going to stick.

418
00:18:01.119 --> 00:18:03.519
With that, But it's still tards.

419
00:18:04.200 --> 00:18:06.559
You have to start questioning these things, and also with

420
00:18:06.599 --> 00:18:09.359
your beneficiaries, and we don't know one of those specifics,

421
00:18:09.440 --> 00:18:13.240
but you're determining who's getting what and how much of

422
00:18:13.240 --> 00:18:16.359
that they're getting. And it's kind of a tough decision

423
00:18:16.359 --> 00:18:19.680
to make because you're also I'm assuming planning who, as

424
00:18:19.680 --> 00:18:22.920
you said, would take care of your distribution or your

425
00:18:22.960 --> 00:18:26.039
assets if you at one time became incapacitating.

426
00:18:26.119 --> 00:18:29.799
Right anyway, Right, that fun stuff to talk about, right, No.

427
00:18:29.920 --> 00:18:33.319
But you what you don't want to do is leave

428
00:18:33.759 --> 00:18:37.279
someone else who you've put in charge of your state,

429
00:18:37.960 --> 00:18:42.119
to wonder what would he want us to do? Yes,

430
00:18:42.559 --> 00:18:46.519
if you have these documents, you know exactly what they

431
00:18:46.559 --> 00:18:47.000
want to do.

432
00:18:47.079 --> 00:18:49.319
Yes. And it is a legal document, so there's no question.

433
00:18:49.480 --> 00:18:53.680
Yeah, for sure, legal document. And if you haven't done one,

434
00:18:53.720 --> 00:18:55.960
it's good to start. If you spend a while since

435
00:18:55.960 --> 00:18:58.279
you've done it, it's probably good to update it.

436
00:18:59.000 --> 00:19:01.480
Can I ask you just that you know laws may

437
00:19:01.480 --> 00:19:03.079
have changed wherever you live.

438
00:19:03.319 --> 00:19:05.599
Yes, And also you think you didn't think of your mind,

439
00:19:05.920 --> 00:19:08.119
you might have said in your mind about something. Yeah,

440
00:19:08.200 --> 00:19:09.680
you know, you might have said, you know what, that's

441
00:19:09.759 --> 00:19:12.160
I don't think that allocation is right, or I'd prefer

442
00:19:12.240 --> 00:19:14.279
this to happen or something happens. But I was going

443
00:19:14.319 --> 00:19:16.359
to ask you, are you doing this with the help

444
00:19:16.400 --> 00:19:19.200
of a lawyer? Are you doing this with electronic.

445
00:19:19.039 --> 00:19:25.119
So back in twenty eleven, I went to the same

446
00:19:25.200 --> 00:19:27.920
law firm that my parents were using to do theirs,

447
00:19:28.160 --> 00:19:30.200
and my brother, one of my brothers, also did so

448
00:19:30.640 --> 00:19:35.759
in conjunction, we kind of been updating ours coincidently.

449
00:19:35.799 --> 00:19:37.519
Today he took my mom.

450
00:19:37.079 --> 00:19:40.640
To update a part of hers okay, and so, because

451
00:19:40.640 --> 00:19:42.319
it's been so long since I'd been in touch with

452
00:19:42.359 --> 00:19:45.079
them and there'd been some merging of law firms and such,

453
00:19:45.480 --> 00:19:47.680
he gave me the contact information of the lawyer he's

454
00:19:47.720 --> 00:19:49.880
working with and gave her heads up that, hey, my

455
00:19:49.960 --> 00:19:51.640
brother Gary's going to be in touch with you soon.

456
00:19:52.039 --> 00:19:55.759
So they're the law firm that did our original documents,

457
00:19:56.160 --> 00:19:59.279
so they have it now. It's what I'm doing is

458
00:19:59.319 --> 00:20:01.799
I've scanned it and that like tweak this, change this

459
00:20:01.960 --> 00:20:04.480
at this, and I'm just gonna scan it in and

460
00:20:04.599 --> 00:20:07.160
email it to her and say there you go, and

461
00:20:07.160 --> 00:20:09.079
then I'll have to go and afterwards, you know, sign

462
00:20:09.119 --> 00:20:09.759
everything in person.

463
00:20:09.960 --> 00:20:11.640
But sure, and the lovely thing.

464
00:20:11.720 --> 00:20:14.519
I mean, that's wonderful because one of our future guests, Tanya,

465
00:20:14.559 --> 00:20:16.480
who and I used to work with, had had referred

466
00:20:16.480 --> 00:20:18.759
to her It's a long story, but her lawyer, my

467
00:20:18.880 --> 00:20:20.599
lawyer that I've worked with when Tanya was working for

468
00:20:20.640 --> 00:20:23.480
with him, has actually retired. So it's one of those

469
00:20:23.480 --> 00:20:25.359
things where that it's a good thing to maybe go

470
00:20:25.440 --> 00:20:28.000
to the offices of the person if they are still

471
00:20:28.720 --> 00:20:30.039
practicing law to do this.

472
00:20:30.119 --> 00:20:32.200
But I think you know, there's also interesting.

473
00:20:31.799 --> 00:20:33.680
That there are a lot of electronic tools now that

474
00:20:33.759 --> 00:20:35.839
can actually do this for us too, where you.

475
00:20:35.839 --> 00:20:37.319
Can at legal Zoom as one of them.

476
00:20:37.440 --> 00:20:40.720
And the way we were doing ours is through an

477
00:20:40.680 --> 00:20:45.119
electronic service that was provided by my other half's company. Okay,

478
00:20:45.200 --> 00:20:47.599
so they provide that service free of charge for them

479
00:20:47.680 --> 00:20:50.319
as being an employee. So it was a nice interesting

480
00:20:50.359 --> 00:20:51.039
way to put.

481
00:20:50.880 --> 00:20:52.119
It all the ducks in a row.

482
00:20:53.519 --> 00:20:56.319
It's also interesting if I could joint with another statistic,

483
00:20:56.480 --> 00:20:58.400
it's I was looking at some like the age of

484
00:20:58.400 --> 00:21:00.599
people that have will. So if if you're eighteen to

485
00:21:00.680 --> 00:21:05.279
thirty four, twenty four percent of people might have a will, if.

486
00:21:05.119 --> 00:21:08.839
You're seventy two or above, eighty one percent of those

487
00:21:08.880 --> 00:21:10.400
people probably have a will.

488
00:21:11.079 --> 00:21:13.720
And then you know people in the middle around fifty five,

489
00:21:13.880 --> 00:21:16.359
maybe half of them have a will. So it's interesting

490
00:21:16.640 --> 00:21:19.759
how we we tend to think of these things later on,

491
00:21:20.240 --> 00:21:22.279
not that we're later, but you.

492
00:21:22.279 --> 00:21:25.480
Know, we're on the other act of this life of ours. Yeah,

493
00:21:25.519 --> 00:21:26.319
So it's.

494
00:21:26.200 --> 00:21:29.039
Interesting because you know, I think it's very important. It's

495
00:21:29.039 --> 00:21:31.759
interesting because you also have siblings, and it's have you

496
00:21:31.799 --> 00:21:33.920
compared notes with each other about how you're doing this

497
00:21:34.079 --> 00:21:34.519
or is this?

498
00:21:34.799 --> 00:21:37.039
Yes, so one brother that he and I are the

499
00:21:37.039 --> 00:21:40.200
ones that you know, been chatting more frequently, he shared

500
00:21:40.279 --> 00:21:44.200
with me copies of his and we're like successor trustees.

501
00:21:44.319 --> 00:21:47.960
And on the will, it's a pow attorney. They'll say,

502
00:21:48.519 --> 00:21:50.720
you know, we're each other's on our wills.

503
00:21:50.400 --> 00:21:53.319
As great trans agreed to that obviously, right.

504
00:21:53.400 --> 00:21:53.799
Yeah.

505
00:21:53.920 --> 00:21:56.720
So when I was going to make some tweaks on mine,

506
00:21:56.920 --> 00:21:59.039
I checked in with him. He goes, well, here, let

507
00:21:59.039 --> 00:22:00.920
me show you what I did, and he emailed me

508
00:22:01.000 --> 00:22:02.599
his documents. So like, okay, well y, that's what I

509
00:22:02.640 --> 00:22:04.799
want to do too. So yeah, we do compare notes,

510
00:22:04.960 --> 00:22:06.480
which is good, and I will say that.

511
00:22:06.559 --> 00:22:06.920
Today.

512
00:22:06.960 --> 00:22:09.160
One of the appointments I had was an in person

513
00:22:09.279 --> 00:22:13.200
meeting with one of the guys from an investment company

514
00:22:13.200 --> 00:22:15.519
where I have one of my four one ks. We've

515
00:22:15.559 --> 00:22:19.240
met previously virtually, but this first time in person. So

516
00:22:19.440 --> 00:22:21.160
you know, that came up in conversation with the living

517
00:22:21.160 --> 00:22:22.960
trusts and such, and I told them I'm tweaking it

518
00:22:23.480 --> 00:22:27.039
and they have their team of specialists. He says, well,

519
00:22:27.079 --> 00:22:30.160
if you want, you know, I can make an appointment

520
00:22:30.119 --> 00:22:33.640
with you with Patty who handles who's an a state planner

521
00:22:33.839 --> 00:22:36.880
within our company, and she'll know all the chicken review

522
00:22:36.880 --> 00:22:40.000
of this and that, so they, you know, take advantage

523
00:22:40.039 --> 00:22:43.480
of the resources that are available to you to have

524
00:22:43.640 --> 00:22:46.119
them look, you know, give a once over or do whatever.

525
00:22:46.200 --> 00:22:49.720
So now does this company manage your assets? Also? Are

526
00:22:49.720 --> 00:22:50.599
they your financial plan?

527
00:22:50.759 --> 00:22:50.920
Yes?

528
00:22:50.960 --> 00:22:56.359
So I have two different retirement accounts, so they manage

529
00:22:56.359 --> 00:22:58.960
one of them, got it, and then the other one

530
00:22:59.160 --> 00:23:03.960
is a for share for one k okay that I

531
00:23:04.039 --> 00:23:05.400
share with them, you know, because they want to look

532
00:23:05.400 --> 00:23:09.079
at the big picture. Yes, And today we talked about

533
00:23:09.200 --> 00:23:12.599
you know, goals and when you mentioned that your plan

534
00:23:12.680 --> 00:23:14.440
to live to me in ninety three, we pulled up

535
00:23:14.480 --> 00:23:16.119
my profile I having in ninety three. I said, look,

536
00:23:16.160 --> 00:23:17.839
dad lived in me ninety two, Mom is gonna be

537
00:23:17.920 --> 00:23:20.799
ninety eight, right, because should we pump up your age?

538
00:23:20.839 --> 00:23:22.160
I go, all right, make it ninety five?

539
00:23:23.599 --> 00:23:25.640
Well I was. I thought we were pushing it in

540
00:23:25.720 --> 00:23:26.359
ninety three.

541
00:23:27.160 --> 00:23:28.559
Yeah, you know, I mean.

542
00:23:28.519 --> 00:23:34.319
That's that's without any catastrophic events, right right. But it's

543
00:23:34.400 --> 00:23:36.240
kind of those things where you know, you know, we've

544
00:23:36.240 --> 00:23:38.319
known each other for one hundred years now, but it's

545
00:23:38.359 --> 00:23:40.480
like we never I don't remember every thinking about this

546
00:23:40.519 --> 00:23:41.799
stuff that much before.

547
00:23:41.880 --> 00:23:43.240
Yeah, you know, we never thought.

548
00:23:43.039 --> 00:23:45.039
This in our twenties and thirties and forties. It's like,

549
00:23:45.519 --> 00:23:47.720
you know, I mean, well you did you started thing.

550
00:23:47.720 --> 00:23:50.119
Well again, but mine was prompted by my dad's death.

551
00:23:50.279 --> 00:23:52.799
Did you have something already before your parents passed away?

552
00:23:53.079 --> 00:23:56.440
I did not, And that's why I did have, you know,

553
00:23:56.519 --> 00:23:57.319
a financial planner.

554
00:23:57.359 --> 00:24:00.000
But what does this all forces us to do every day?

555
00:24:00.440 --> 00:24:00.759
Is it?

556
00:24:01.359 --> 00:24:05.759
Making these plans forces you into thinking about how much

557
00:24:05.799 --> 00:24:08.839
money am I going to need to live past till

558
00:24:08.920 --> 00:24:11.160
we're ninety three or ninety five in your case?

559
00:24:11.559 --> 00:24:14.079
Right, I mean, if we're retiring at sixty five or

560
00:24:14.079 --> 00:24:20.599
sixty seven, you know, you have to have help with

561
00:24:20.640 --> 00:24:24.400
someone who knows this to help you map out. If

562
00:24:24.480 --> 00:24:26.240
you know, if you're thinking you're going to live to

563
00:24:26.279 --> 00:24:29.200
me ninety three, let's look at how much so secure

564
00:24:29.240 --> 00:24:31.759
are you going to get? What kind of money can

565
00:24:31.799 --> 00:24:34.599
you draw from your accounts? Do you have other income

566
00:24:34.680 --> 00:24:35.200
coming in?

567
00:24:35.599 --> 00:24:35.799
You know?

568
00:24:35.839 --> 00:24:39.039
For me, I go, I've got the two retirement plans

569
00:24:39.519 --> 00:24:42.759
and then obviously I'll get solid security. The only asset

570
00:24:43.240 --> 00:24:44.480
that's not mine is.

571
00:24:44.680 --> 00:24:48.039
The family home. Okay, right, so when my mom.

572
00:24:47.880 --> 00:24:50.640
Passes, you know, there's four there's four, but I have

573
00:24:50.720 --> 00:24:54.880
three siblings, so realistically we'd sell the house and each

574
00:24:54.920 --> 00:24:57.680
of us would get twenty five percent of whatever that is.

575
00:24:58.240 --> 00:25:01.160
So I have that in my you know, in the

576
00:25:01.160 --> 00:25:04.279
back of my head is like, okay, that's additional funds.

577
00:25:04.279 --> 00:25:05.559
But other than that, I don't have anything else. I

578
00:25:05.599 --> 00:25:07.880
don't have any other properties, any other assets.

579
00:25:07.960 --> 00:25:11.359
It's that's it. And some people may not even have that, right.

580
00:25:11.680 --> 00:25:13.480
But let me ask you something. Did all of this

581
00:25:13.759 --> 00:25:16.599
stir up any emotions in you? Did it make you uneasy?

582
00:25:16.640 --> 00:25:19.640
Did it make you sad? Did it make you no?

583
00:25:19.680 --> 00:25:20.319
Not at all?

584
00:25:20.759 --> 00:25:23.920
I think because it just was to me it seemed

585
00:25:23.960 --> 00:25:26.759
to be just a smart thing to do, to plan,

586
00:25:27.559 --> 00:25:30.720
so I never looked at the dark side of lohe

587
00:25:30.839 --> 00:25:33.839
my god, you know, how am I going to live

588
00:25:33.880 --> 00:25:35.200
to and we'll have money.

589
00:25:35.240 --> 00:25:36.400
I don't think of it that way.

590
00:25:36.400 --> 00:25:38.680
I just think of it's just a smart thing to do,

591
00:25:39.920 --> 00:25:41.039
so you're not caught off guard.

592
00:25:41.440 --> 00:25:43.880
I wonder if people don't like to do it, because

593
00:25:43.920 --> 00:25:46.279
it does force you to make some decisions based on

594
00:25:46.400 --> 00:25:49.079
your again, your mortality, right. I wonder people stay away

595
00:25:49.079 --> 00:25:51.759
from it because it's uncomfortable for them because you're basically planning,

596
00:25:52.119 --> 00:25:53.720
you know, how long you're going to live, like we

597
00:25:53.799 --> 00:25:56.559
said before. So I wonder because I wonder if, like,

598
00:25:56.680 --> 00:25:59.240
of course, the kids think they're going to live forever, right,

599
00:25:59.279 --> 00:26:01.480
so they don't want to But I think sometimes people

600
00:26:01.559 --> 00:26:03.599
like us, because I have to be honest, it kind

601
00:26:03.599 --> 00:26:05.799
of did stoke the fires a little bit saying, oh

602
00:26:05.839 --> 00:26:11.839
my gosh, I'm I'm planning this date, this age literally

603
00:26:11.960 --> 00:26:14.200
and legally to be gone.

604
00:26:14.519 --> 00:26:16.839
It's like, oh god, so interesting thought. I did not

605
00:26:17.240 --> 00:26:18.240
plan yet.

606
00:26:18.440 --> 00:26:21.359
I think the fact about whether or not to be.

607
00:26:21.319 --> 00:26:24.039
Cremated or not, and where I would go. So I'm

608
00:26:24.039 --> 00:26:26.000
just gonna hike up with you and your mom if

609
00:26:26.039 --> 00:26:26.559
that's okay.

610
00:26:27.640 --> 00:26:29.880
Okay, Well, then next time you're up in the Bay Area,

611
00:26:30.079 --> 00:26:32.400
we'll talk about you subleasing for me.

612
00:26:33.039 --> 00:26:34.160
Subleased is sublief.

613
00:26:34.400 --> 00:26:38.240
We'll work out a contract, right, No, but do you

614
00:26:38.240 --> 00:26:40.119
you don't know whether you'll be cremated or not.

615
00:26:40.200 --> 00:26:42.720
Do you know where your final arresting place will be?

616
00:26:43.000 --> 00:26:45.319
Don't have a resting place, and I most likely will

617
00:26:45.319 --> 00:26:48.160
be cremated. I believe that was part of the directives

618
00:26:48.599 --> 00:26:51.240
in my It's part of the directors in the will,

619
00:26:51.359 --> 00:26:53.160
so yes, but.

620
00:26:53.160 --> 00:26:55.440
You don't know whether it's down there in southern California.

621
00:26:55.480 --> 00:26:57.119
You're up here where you're don't are your parents are

622
00:26:57.200 --> 00:26:59.240
up Peers and they're in Colma.

623
00:26:59.240 --> 00:27:01.240
And actually my dad would in the Navy also, so

624
00:27:01.319 --> 00:27:03.839
he actually has the same situation.

625
00:27:03.400 --> 00:27:04.559
Where we Okay, coma.

626
00:27:04.720 --> 00:27:07.240
He was offered a free spot and my mom joined

627
00:27:07.279 --> 00:27:10.119
him next to but there's no more room, lest.

628
00:27:11.480 --> 00:27:12.559
Come on, just squeeze it.

629
00:27:12.640 --> 00:27:15.799
I think they're gonna lease me a space in Colma.

630
00:27:15.880 --> 00:27:17.519
So that's an interesting thing. I'll have to put some

631
00:27:17.559 --> 00:27:18.119
thought into that.

632
00:27:18.240 --> 00:27:19.960
Okay, Well, I don't want to pry, but have you

633
00:27:20.000 --> 00:27:22.440
and your husband talked about it, because he's from the

634
00:27:22.480 --> 00:27:24.240
East Coast you're from the West coast.

635
00:27:24.519 --> 00:27:25.880
That's a good point.

636
00:27:25.960 --> 00:27:27.880
We did start to talk about it, but we haven't

637
00:27:27.920 --> 00:27:30.240
made decisions yet, so it's very interesting.

638
00:27:30.559 --> 00:27:33.119
Obviously. Yeah, I'm bunking with you and your mom and

639
00:27:33.160 --> 00:27:33.839
he'll be fine.

640
00:27:33.680 --> 00:27:36.640
With Okay, well maybe not next to her because she

641
00:27:36.720 --> 00:27:38.039
might run you over, so you might have to be

642
00:27:38.119 --> 00:27:39.200
I'll be the buffer.

643
00:27:39.680 --> 00:27:41.400
She still has. She's still around to be able to

644
00:27:41.440 --> 00:27:41.759
do that.

645
00:27:41.960 --> 00:27:43.920
But yeah, I guess you know I did it was

646
00:27:43.960 --> 00:27:46.319
it just starts making you think you reflect a little bit.

647
00:27:46.359 --> 00:27:48.960
I did reflected a little bit about you know, Okay, gosh, well.

648
00:27:48.839 --> 00:27:51.839
This is a plan, this is this is a serious

649
00:27:52.519 --> 00:27:54.559
but in a way also it's a little bit hopeful,

650
00:27:54.599 --> 00:27:55.319
I think, because they.

651
00:27:55.240 --> 00:27:57.759
Okay, I have a plan. That's the good part.

652
00:27:58.039 --> 00:27:59.839
Well, and the downside of that is if you're some

653
00:28:00.079 --> 00:28:02.640
one that has not done any of this and has

654
00:28:02.720 --> 00:28:05.960
not thought about am I going to have enough money

655
00:28:06.200 --> 00:28:07.640
for when I die and just kind of wait and

656
00:28:07.680 --> 00:28:11.119
see what happens. I think the worst thing that could

657
00:28:11.160 --> 00:28:12.920
happen is that you get to a certain age and

658
00:28:12.960 --> 00:28:17.160
maybe if you have let's assume you don't have any kids,

659
00:28:17.160 --> 00:28:23.599
so it's just your partner's past whatever it's just you. You

660
00:28:22.000 --> 00:28:24.200
don't have anyone to reach out to. I can't move

661
00:28:24.240 --> 00:28:26.319
in with my son, I can't move in with my

662
00:28:26.359 --> 00:28:30.880
brother type of thing to help with expenses. So, you know,

663
00:28:31.559 --> 00:28:33.359
it just seems like you'd be lost.

664
00:28:33.759 --> 00:28:36.559
And unfortunately that is very true for a lot of

665
00:28:36.599 --> 00:28:37.200
the country.

666
00:28:37.440 --> 00:28:39.680
I have to say, yeah, you know, not everyone is

667
00:28:39.720 --> 00:28:42.279
as fortunate as we are to have made these plans

668
00:28:42.279 --> 00:28:45.079
and also saving along the way. I'm sure you're very

669
00:28:45.079 --> 00:28:47.400
diligent about saving money and saving I.

670
00:28:47.440 --> 00:28:48.079
Could do better.

671
00:28:48.640 --> 00:28:50.599
We all could do better. Yeah, but I think you

672
00:28:50.640 --> 00:28:52.480
know it's it's it is challenging.

673
00:28:52.480 --> 00:28:55.640
It's also for those that don't have the funds or

674
00:28:55.640 --> 00:28:57.799
they haven't been good at saving things. I mean, I

675
00:28:57.799 --> 00:29:01.160
think you know it's something that's very so, but you know,

676
00:29:01.519 --> 00:29:03.680
I don't know. It seems like we need to lighten

677
00:29:03.799 --> 00:29:06.839
up a little bit about it because we have a

678
00:29:06.839 --> 00:29:10.000
plan where we're both very lucky to have that, right.

679
00:29:09.839 --> 00:29:11.839
And one thing I just thought of when you were

680
00:29:11.880 --> 00:29:14.519
talking about that is culturally it will be different. There

681
00:29:14.519 --> 00:29:18.640
are some cultures where the elder is taking care no

682
00:29:18.640 --> 00:29:21.480
matter what, they move in with the kids or the grandkids, right,

683
00:29:21.640 --> 00:29:24.720
they are not left to be on their own forgotten.

684
00:29:24.960 --> 00:29:29.200
But that's not in every culture, right, and so that's

685
00:29:29.240 --> 00:29:33.240
something that that is hopeful, so that they know that

686
00:29:33.359 --> 00:29:36.720
they have a backup. With my mom, she's got four sons,

687
00:29:36.759 --> 00:29:39.279
and it's like, even though she's got plenty of money

688
00:29:39.319 --> 00:29:41.200
in the bank, she knows that all four of us

689
00:29:41.240 --> 00:29:44.519
will drop everything. And I mean all three of us.

690
00:29:44.559 --> 00:29:46.759
One lives whe her, one lives ten minutes away, I'm

691
00:29:46.880 --> 00:29:48.920
twenty minutes away. One is moving out of state, but

692
00:29:48.920 --> 00:29:51.640
it won't be that far away. But you know, we're

693
00:29:51.680 --> 00:29:56.079
all here, yes, And so she's got that safety net

694
00:29:56.119 --> 00:30:01.359
of having four kids, right, So that's a you know,

695
00:30:01.400 --> 00:30:04.200
a blessing that she has that some people may not have.

696
00:30:04.240 --> 00:30:06.279
That, Yes, very true.

697
00:30:06.279 --> 00:30:09.240
And I'm sure we've all heard different stories about parents

698
00:30:09.240 --> 00:30:12.599
who are estranged from their kids, right or vice versa,

699
00:30:12.920 --> 00:30:15.079
which for whatever reason or don't speak to their family

700
00:30:15.160 --> 00:30:16.920
until something devastating comes along.

701
00:30:16.960 --> 00:30:21.640
And it's the sad reality of life. Fortunately, you know,

702
00:30:21.680 --> 00:30:22.519
it's a little different.

703
00:30:22.720 --> 00:30:25.039
I've been Also, I'm married into a family now too,

704
00:30:25.039 --> 00:30:28.799
which is interesting because my family is gone basically right,

705
00:30:29.000 --> 00:30:29.240
just me.

706
00:30:29.359 --> 00:30:30.160
So that was interesting.

707
00:30:30.200 --> 00:30:30.880
But that was a.

708
00:30:30.880 --> 00:30:33.039
Blessing in disguise too, because all of a sudden, I

709
00:30:33.039 --> 00:30:35.640
have a whole bunch of in laws and father in law.

710
00:30:36.119 --> 00:30:38.519
The interesting thing about my father in law is that

711
00:30:38.599 --> 00:30:42.359
he is eighty eight years old, going to be eighty nine.

712
00:30:43.000 --> 00:30:44.279
He is very independent.

713
00:30:44.759 --> 00:30:47.000
He has all these kids and a couple of them

714
00:30:47.039 --> 00:30:48.799
one lives down the street from him. They are all

715
00:30:48.880 --> 00:30:52.680
quite close, but he values his independence too. He doesn't

716
00:30:52.680 --> 00:30:54.480
want and as I think your mother does too. Right,

717
00:30:54.519 --> 00:30:57.160
She's like, it's great that she's actually doing her thing,

718
00:30:57.720 --> 00:30:59.480
and you, of course you're a very good.

719
00:30:59.359 --> 00:31:00.839
Son, and that are all the time.

720
00:31:00.880 --> 00:31:03.920
But well, I think we're very lucky to have these

721
00:31:04.079 --> 00:31:06.960
parents or in laws that are actually very mobile, like

722
00:31:07.039 --> 00:31:09.400
to be independent and do their own thing, because hopefully

723
00:31:09.440 --> 00:31:11.519
that's a projection on us for later.

724
00:31:11.319 --> 00:31:11.880
In our lives.

725
00:31:12.000 --> 00:31:15.160
Right so right, yeah, so, but I got to say,

726
00:31:15.200 --> 00:31:18.079
the whole process just stoked a lot of emotions and

727
00:31:18.240 --> 00:31:21.920
thoughts and definitely, you know, I don't know how to

728
00:31:21.920 --> 00:31:25.160
say it. It's just more thoughts of what's lying before us,

729
00:31:25.200 --> 00:31:28.160
what the next step is. Because I'm sure you, like me,

730
00:31:28.319 --> 00:31:30.000
we've I've had a few friends that.

731
00:31:29.960 --> 00:31:32.960
Have passed away over the last few years, and.

732
00:31:32.839 --> 00:31:34.720
I think now as we're getting older, we're going to

733
00:31:34.759 --> 00:31:37.720
be hearing more of that or a family member, right, So,

734
00:31:38.240 --> 00:31:40.079
I mean I didn't wanted this ton't turn a Debbie

735
00:31:40.119 --> 00:31:40.920
Downer episode.

736
00:31:40.960 --> 00:31:42.000
But it's just no little thing.

737
00:31:42.079 --> 00:31:44.039
So I mean, I look at it again. I just

738
00:31:44.240 --> 00:31:46.640
go back to that we're planning. It's just good to

739
00:31:46.680 --> 00:31:48.359
have a plan, revisit it.

740
00:31:48.319 --> 00:31:52.240
So just be smart about it. Yes, and by doing it.

741
00:31:52.240 --> 00:31:55.960
Over a period of time, you're allowing yourself to, you know,

742
00:31:56.279 --> 00:31:59.519
take baby steps, so it's financial wise, is not a

743
00:31:59.519 --> 00:32:03.000
big hit all at once, right, Sure you have if

744
00:32:03.000 --> 00:32:05.480
I can do it over time and spread out my

745
00:32:05.480 --> 00:32:08.559
payments over a year, eighteen months, whatever, as opposed to

746
00:32:08.599 --> 00:32:12.279
yeah you want how much right now? So that gives

747
00:32:12.279 --> 00:32:13.720
you peace of mind. I think, like, you know what,

748
00:32:13.759 --> 00:32:16.200
I'm working towards that. So I can, you know, check

749
00:32:16.240 --> 00:32:18.279
one of these off the list in May, and I

750
00:32:18.319 --> 00:32:20.599
know I have one other thing, these other things I'm

751
00:32:20.599 --> 00:32:20.920
doing that.

752
00:32:21.079 --> 00:32:22.480
I've made myself a to do.

753
00:32:22.480 --> 00:32:25.519
List all tied into living, trust and planning all that.

754
00:32:25.799 --> 00:32:29.200
It's just a checklist of things that that are more

755
00:32:29.200 --> 00:32:33.920
administrative type things, clerical things that either I never got

756
00:32:33.960 --> 00:32:36.920
around you or never thought about, but as I talked

757
00:32:36.920 --> 00:32:38.640
to the people, or do a little you know, reading

758
00:32:39.400 --> 00:32:40.079
just it was.

759
00:32:40.079 --> 00:32:42.839
Just time to like, you know what, no time like

760
00:32:42.880 --> 00:32:43.319
the present.

761
00:32:43.799 --> 00:32:45.400
You know what this whole thing did for me too.

762
00:32:45.440 --> 00:32:47.880
It actually pointed out to me and I didn't realize this,

763
00:32:47.960 --> 00:32:49.640
that I might have left a four to one K

764
00:32:50.000 --> 00:32:51.160
lying around somewhere.

765
00:32:51.839 --> 00:32:53.920
And the reason it came up was because you.

766
00:32:53.839 --> 00:32:56.920
Know, I worked for these different Swedish companies over the years,

767
00:32:56.960 --> 00:32:59.359
and yes, first Swedish company I worked for, I was like,

768
00:32:59.839 --> 00:33:02.200
I don't, I don't remember that four oh one K.

769
00:33:03.240 --> 00:33:04.920
Wow, it was it's interesting.

770
00:33:05.000 --> 00:33:07.160
Oh my gosh, I don't I don't know where that is.

771
00:33:07.400 --> 00:33:09.400
And I worked for them for quite a long time

772
00:33:09.440 --> 00:33:12.519
and it's like I can't believe I completely lost track

773
00:33:12.559 --> 00:33:12.799
of that.

774
00:33:12.880 --> 00:33:15.480
But you know, I'm older now so those things.

775
00:33:15.519 --> 00:33:18.359
That's so Luckily our new financial planner is actually the

776
00:33:18.400 --> 00:33:21.279
company that hosts the four one K for that company.

777
00:33:21.519 --> 00:33:21.920
Good good.

778
00:33:22.240 --> 00:33:26.839
So like, by the way, we found this line on

779
00:33:26.880 --> 00:33:27.359
the table.

780
00:33:27.559 --> 00:33:30.079
So it's interesting. I think it's funny.

781
00:33:30.119 --> 00:33:32.839
And as you get more things, your assets grow just

782
00:33:32.839 --> 00:33:35.759
because more complicated to keep track of it. I mean,

783
00:33:36.200 --> 00:33:39.039
mine is because I have one home, I got two

784
00:33:39.279 --> 00:33:42.880
retirement plans, you know, and so I can it's easy

785
00:33:42.880 --> 00:33:45.240
to wrap my head around that. But with you, it's

786
00:33:45.279 --> 00:33:48.240
like multiple properties, you know, okay, from different jobs. I mean,

787
00:33:48.359 --> 00:33:50.880
how many do you know? How many different four one

788
00:33:50.920 --> 00:33:51.400
k's you have?

789
00:33:51.839 --> 00:33:55.000
Let me see one, two, three, But I think I

790
00:33:55.039 --> 00:33:57.839
have four, okay, and I'm going to roll one over

791
00:33:58.079 --> 00:34:01.519
into a roth, I think with the company now because

792
00:34:01.640 --> 00:34:04.240
it's time. But are we talking to talk a little

793
00:34:04.240 --> 00:34:06.079
bit about financial planning real quick?

794
00:34:06.240 --> 00:34:07.200
Or sure? Yeah?

795
00:34:07.200 --> 00:34:09.039
Go ahead, yeah, because we talked about this a little

796
00:34:09.079 --> 00:34:11.239
bit too. How do you feel and how closely do

797
00:34:11.280 --> 00:34:13.639
you follow your financial planning?

798
00:34:13.760 --> 00:34:17.320
And I don't mean the statistics of knowing where everything

799
00:34:17.400 --> 00:34:19.159
is and how you're invested in everything. Do you are

800
00:34:19.199 --> 00:34:20.800
one of those people that checks it every month and

801
00:34:20.840 --> 00:34:21.840
looks at the statements.

802
00:34:22.119 --> 00:34:25.400
I don't, only because it's a little bit above my

803
00:34:26.199 --> 00:34:29.880
pay scale. I don't understand even when I'm either virtually

804
00:34:29.960 --> 00:34:33.280
or in person and my financial person is going over

805
00:34:33.320 --> 00:34:36.960
it and reviewing it. I mean, a lot of it

806
00:34:37.000 --> 00:34:38.159
just goes in one yar at the other.

807
00:34:38.199 --> 00:34:41.360
It's just because I didn't study that. I don't understand that.

808
00:34:41.400 --> 00:34:44.280
I have friends who they're you know, they know financing

809
00:34:44.320 --> 00:34:47.559
really well, and they do that for a living or

810
00:34:47.880 --> 00:34:49.719
they're there on top of it and they know exactly

811
00:34:49.760 --> 00:34:50.280
what they're doing.

812
00:34:50.840 --> 00:34:54.519
I don't. I don't, Yeah, So it depends.

813
00:34:54.599 --> 00:34:56.760
The reason why I brought it up is because luckily

814
00:34:56.920 --> 00:34:59.320
our new the new financial planner are going with. They

815
00:34:59.360 --> 00:35:01.679
work very well with graphics and they can lively press

816
00:35:01.679 --> 00:35:04.519
a button and they can show you charts and things

817
00:35:04.559 --> 00:35:08.519
that I can understand and see as opposed to how

818
00:35:08.559 --> 00:35:11.280
it works because I don't know the mechanics that finances.

819
00:35:11.360 --> 00:35:14.000
I don't stock market and everything like that. But it

820
00:35:14.039 --> 00:35:17.920
has made me get pause to how I'm invested going

821
00:35:17.960 --> 00:35:19.679
into this phase of my life. And I think we

822
00:35:19.719 --> 00:35:22.920
mentioned this very briefly because of the state of the

823
00:35:23.039 --> 00:35:25.840
United States right now, there is the potential for inflation

824
00:35:25.920 --> 00:35:28.679
to rise a great deal. And I know, I didn't

825
00:35:28.679 --> 00:35:30.559
really understand this a lot until I started reading about it.

826
00:35:30.559 --> 00:35:32.079
And they believe me you can go down, so I

827
00:35:32.119 --> 00:35:33.760
didn't go too far. But it's one of those things

828
00:35:33.800 --> 00:35:36.400
where you say, Okay, I'm one hundred percent invested in

829
00:35:36.440 --> 00:35:40.639
stock right now, but if inflation does increase or come

830
00:35:40.679 --> 00:35:42.880
to a point where it's a problem, the stock market

831
00:35:42.920 --> 00:35:45.519
will be affected by that and actually drop, so you

832
00:35:45.599 --> 00:35:48.280
might lose money. So there's things different scenarios you can

833
00:35:48.280 --> 00:35:50.400
create with financial planning and say, Okay, I want to

834
00:35:50.440 --> 00:35:52.880
have an end date of this, but at this state,

835
00:35:52.920 --> 00:35:55.519
I want to pull back my finances or the way

836
00:35:55.519 --> 00:35:56.280
they're allocated.

837
00:35:56.920 --> 00:36:00.559
So it's believed me. It's a special science a lot.

838
00:36:01.039 --> 00:36:01.440
Yeah.

839
00:36:01.519 --> 00:36:04.599
I mean, I, you know, trust them to give me

840
00:36:04.639 --> 00:36:06.960
the advice, or they might say, you know, in terms

841
00:36:07.000 --> 00:36:10.440
of the how aggressive do you want to be in

842
00:36:10.480 --> 00:36:13.000
your investments, I'd say, you know, I've been saying that

843
00:36:13.000 --> 00:36:15.800
I'd rather be more aggressive than not than you know,

844
00:36:15.880 --> 00:36:19.480
than you know, milder if you will. Ye, so I

845
00:36:19.519 --> 00:36:23.719
figured go more aggressive. But I can't tell you I

846
00:36:23.800 --> 00:36:26.440
need you to put X in bonds and X and

847
00:36:26.519 --> 00:36:29.480
stocks and s and mutual funds or whatever the different

848
00:36:29.559 --> 00:36:30.400
you know categories are.

849
00:36:30.400 --> 00:36:31.280
I don't know that.

850
00:36:31.239 --> 00:36:33.239
At all, something you just might want to end just

851
00:36:33.559 --> 00:36:35.920
to for as an example, what I'm just deliberating with

852
00:36:36.039 --> 00:36:39.239
right now is the fact that there is possible volatility

853
00:36:39.239 --> 00:36:40.960
in the market. And yes, all of us were really

854
00:36:41.039 --> 00:36:42.719
heavy in the stock market because it was making so

855
00:36:42.800 --> 00:36:44.760
much money to change Ta Chin ch' chang.

856
00:36:44.639 --> 00:36:45.880
Every year was making a lot.

857
00:36:46.000 --> 00:36:48.639
And now the projections are actually decreasing a bit with

858
00:36:48.800 --> 00:36:51.800
what the stock market will actually end up at for

859
00:36:51.840 --> 00:36:52.159
the year.

860
00:36:52.280 --> 00:36:53.280
Nobody has a crystal ball.

861
00:36:53.440 --> 00:36:54.320
Yeah, no, that's for sure.

862
00:36:54.920 --> 00:36:57.800
Time the market, it just cannot happen, right.

863
00:36:57.840 --> 00:37:00.960
And if you're following the guidance of your advisor and

864
00:37:01.000 --> 00:37:02.920
they say you should do this and you do it,

865
00:37:03.880 --> 00:37:05.840
you can't get mad at them if it doesn't do that.

866
00:37:06.159 --> 00:37:07.559
Right. It's like, if this is.

867
00:37:07.679 --> 00:37:10.920
How the stock market is, it's like nothing is predictable.

868
00:37:12.400 --> 00:37:16.039
So if you're willing to take the risk to maybe

869
00:37:16.039 --> 00:37:20.719
be more aggressive in your investments, that's one of the

870
00:37:20.920 --> 00:37:23.400
prices you may pay, is that you might look at

871
00:37:23.400 --> 00:37:26.199
my I get one of them. I get quarterly statements

872
00:37:26.960 --> 00:37:28.320
and the other one I can go online. You know,

873
00:37:28.320 --> 00:37:30.440
I can check you the one online whenever I want.

874
00:37:30.920 --> 00:37:33.920
I don't actively do that unless I've been doing a

875
00:37:33.960 --> 00:37:37.000
lot lately, because I've been putting together some figures and

876
00:37:37.079 --> 00:37:40.960
to prepare for my meeting today with my guy. So

877
00:37:41.000 --> 00:37:41.519
I did do that.

878
00:37:41.639 --> 00:37:44.119
I'm like, oh, from last quarter, this quarter went down

879
00:37:44.199 --> 00:37:47.199
five thousand dollars, you know, it's like, oh, went up, so.

880
00:37:47.639 --> 00:37:51.079
You know, but I don't.

881
00:37:52.119 --> 00:37:54.239
I can't trust myself because I don't know the information

882
00:37:54.280 --> 00:37:57.039
well enough to be able to call them and say, look,

883
00:37:57.079 --> 00:37:58.440
you know, sell, sell or whatever.

884
00:37:59.119 --> 00:38:01.320
This is the long game. We're not played done playing

885
00:38:01.360 --> 00:38:01.719
the game.

886
00:38:01.880 --> 00:38:04.039
If you look at the longer term of this, remember

887
00:38:04.039 --> 00:38:05.679
two thousand and eight when there was a star market

888
00:38:05.719 --> 00:38:07.840
crash because of the real estate I'm sorry, the real

889
00:38:07.920 --> 00:38:10.679
estate crash that started that affected everything and we So

890
00:38:10.880 --> 00:38:12.880
if you look at a let's say a twenty five

891
00:38:12.960 --> 00:38:16.000
year timeline on finances, you've probably had a very good,

892
00:38:16.119 --> 00:38:18.800
rappid growth within a dip and it came back. So

893
00:38:19.000 --> 00:38:21.440
and you can't you can't time the market. So you

894
00:38:21.599 --> 00:38:23.440
and I'm not one of those people that does it either.

895
00:38:23.480 --> 00:38:25.960
You can't continue look at a thing making sure it's

896
00:38:26.199 --> 00:38:26.920
thinking that it's.

897
00:38:26.800 --> 00:38:28.519
Going to tick up or tick down. You're just go

898
00:38:28.599 --> 00:38:29.480
insane watching that.

899
00:38:29.559 --> 00:38:33.239
So but what I do appreciate now, and I've done

900
00:38:33.239 --> 00:38:35.079
a little bit of it, but it's better to do

901
00:38:35.119 --> 00:38:38.039
it more now, is you know, talk about the financial

902
00:38:38.079 --> 00:38:41.800
planning so that you can map out Okay, like I said,

903
00:38:41.960 --> 00:38:44.679
I think I'm going to work until sixty seven, that's

904
00:38:44.679 --> 00:38:47.280
four and a half years away, but then you've got

905
00:38:47.280 --> 00:38:52.559
another twenty five ish years of living yep, So I

906
00:38:52.639 --> 00:38:57.639
need to know is retire at sixty seven? And when

907
00:38:57.679 --> 00:39:01.039
do I start taking solid security? Because the difference between

908
00:39:01.079 --> 00:39:03.920
taking it at sixty seven and seventy in my case

909
00:39:04.039 --> 00:39:05.280
is like an eight hundred dollars.

910
00:39:05.039 --> 00:39:05.920
Per month difference.

911
00:39:06.039 --> 00:39:08.679
Yeahsolutely, So if you wait till seventy, which is the max,

912
00:39:08.800 --> 00:39:11.079
if I start taking sixty seven, it's like it's x amount.

913
00:39:11.159 --> 00:39:12.760
But if I wait three more years, I'll get eight

914
00:39:12.840 --> 00:39:15.840
hundred dollars more per month and would have gotten.

915
00:39:15.639 --> 00:39:18.000
Also, maybe Gary, you're gonna enjoy working. Maybe you want

916
00:39:18.000 --> 00:39:19.840
to work till you're eighty three. Who knows.

917
00:39:19.840 --> 00:39:22.800
People sometimes continue to work because they enjoy the work

918
00:39:22.880 --> 00:39:26.119
or they find great fulfillment in it.

919
00:39:26.199 --> 00:39:28.119
So it doesn't mean you have to stop. And like

920
00:39:28.159 --> 00:39:30.199
none of us has to stop. It's sixty.

921
00:39:31.760 --> 00:39:34.199
Well the reason why I pick that date, and it's

922
00:39:34.239 --> 00:39:36.199
not like a random date, but it's like most people,

923
00:39:37.079 --> 00:39:37.599
that's okay.

924
00:39:37.920 --> 00:39:39.840
Dogs are they barking at me?

925
00:39:40.159 --> 00:39:41.360
No? At me?

926
00:39:41.760 --> 00:39:43.920
Yeah? You know.

927
00:39:44.039 --> 00:39:46.800
The ages that come up for retirement are the old

928
00:39:46.800 --> 00:39:50.039
age of sixty two, then at sixty five, sixty seven, seventy.

929
00:39:50.679 --> 00:39:53.719
I don't hear about too many people working beyond seventy,

930
00:39:53.760 --> 00:39:56.159
but in my case, I thought, you know, I'd like

931
00:39:56.239 --> 00:39:59.400
to travel, and I don't want to wait until such

932
00:39:59.440 --> 00:40:01.840
an age where maybe travel becomes more challenging.

933
00:40:02.280 --> 00:40:03.360
Absolutely, I think.

934
00:40:03.880 --> 00:40:08.519
So if I do sixty seven, you know, and keep

935
00:40:08.519 --> 00:40:11.880
on this health journey that I'm on, that's a good thing, yes.

936
00:40:11.880 --> 00:40:14.440
But if I keep working and like work until in

937
00:40:14.480 --> 00:40:17.559
my seventies, then like it just makes them more challenging.

938
00:40:17.599 --> 00:40:20.400
Not that I'll be traveling all the time, but it

939
00:40:20.480 --> 00:40:22.920
is something if I can afford to do it and

940
00:40:23.079 --> 00:40:24.880
still live comfortably, I want to do.

941
00:40:25.199 --> 00:40:27.639
It's like our friend Evie, who're both friends with, who

942
00:40:27.679 --> 00:40:30.639
have decided. I think she retired recently and she's been

943
00:40:30.719 --> 00:40:35.000
on the Rainbow tour of going everywhere ye possibly can exactly.

944
00:40:35.079 --> 00:40:36.719
I love her mindset too, because she's like, you know,

945
00:40:36.800 --> 00:40:39.559
we're going to travel as long as we can travel

946
00:40:39.599 --> 00:40:40.840
and see all those things we want to do.

947
00:40:40.880 --> 00:40:44.159
So she's they've worked hard, yes, and now they're taking

948
00:40:44.199 --> 00:40:47.480
advantage of the time to take those trips because if

949
00:40:47.519 --> 00:40:49.599
they wait longer, it is going to become an issue.

950
00:40:49.639 --> 00:40:51.639
I like that for us. I think we should we

951
00:40:51.679 --> 00:40:54.920
should do that and enjoy, but remember to enjoy this.

952
00:40:55.119 --> 00:40:56.960
Like we were talking about mortalent everything but you know what,

953
00:40:57.039 --> 00:41:00.519
let's enjoy right now. Let's enjoy today. Let's enjoy the week,

954
00:41:00.599 --> 00:41:02.719
the month, the year, and then focus the fact we

955
00:41:02.800 --> 00:41:04.559
got a plan, which is good.

956
00:41:04.840 --> 00:41:05.519
Speak of planning.

957
00:41:05.599 --> 00:41:07.360
Now, you and I have not had this conversation because

958
00:41:07.400 --> 00:41:10.159
you have a partner, but me being a single person.

959
00:41:10.199 --> 00:41:12.239
I've talked to another friend of ours who's single, and

960
00:41:13.199 --> 00:41:15.119
not jokingly, I mean, we talk about it, but we

961
00:41:15.119 --> 00:41:17.119
don't live in the same city. Is that maybe at

962
00:41:17.159 --> 00:41:21.039
a certain age we end up combining our resources to

963
00:41:21.119 --> 00:41:24.039
live together. Yes, that's because financially that would be a

964
00:41:24.119 --> 00:41:25.360
help for both people.

965
00:41:25.440 --> 00:41:25.599
Right.

966
00:41:25.599 --> 00:41:29.079
It's becoming very popular right now, a lot of I've

967
00:41:29.119 --> 00:41:31.840
seen a lot of websites and a couple of pages

968
00:41:31.920 --> 00:41:35.400
on communal living and what that looks like. We've always

969
00:41:35.480 --> 00:41:37.320
joked about it, like, let's buy a commune in Palm

970
00:41:37.400 --> 00:41:39.119
Springs and everyone comes lives there.

971
00:41:39.280 --> 00:41:40.280
You know, weren't you going to do that?

972
00:41:40.320 --> 00:41:42.360
We're going to run from you. Wasn't that the camp plan?

973
00:41:42.480 --> 00:41:45.199
Well, it could still happen. Okay, I'm still wanting to

974
00:41:45.239 --> 00:41:47.880
be a real estate mobile. It could still happen now.

975
00:41:47.840 --> 00:41:50.719
Because I do see occasionally either on social media or

976
00:41:50.800 --> 00:41:55.480
TV whatever the senior living facilities are you know, for

977
00:41:55.559 --> 00:41:57.320
fifty over fifty five and over whatever.

978
00:41:57.480 --> 00:41:59.719
But they're not cheap, No they're not.

979
00:42:00.079 --> 00:42:02.440
They're not cheap at all, and they're getting more expensive.

980
00:42:02.800 --> 00:42:03.880
And yes they come with a man.

981
00:42:03.960 --> 00:42:05.599
You know, there's a golf course and a tennis court

982
00:42:05.639 --> 00:42:08.599
in a you know, wreck room and so all these,

983
00:42:08.840 --> 00:42:09.480
you know, to.

984
00:42:09.480 --> 00:42:11.119
Keep you all busy, which is great, but.

985
00:42:12.119 --> 00:42:14.360
When you're on a fixed income, I don't know how

986
00:42:14.400 --> 00:42:16.039
people can do it unless they got a hell of

987
00:42:16.039 --> 00:42:18.400
a lot more money than I do, which they probably do.

988
00:42:19.639 --> 00:42:22.320
So well, this was very interesting.

989
00:42:22.360 --> 00:42:24.519
I think, you know, it was a little bit serious,

990
00:42:24.559 --> 00:42:26.639
but I think it's more on the hopeful side because

991
00:42:26.639 --> 00:42:28.800
of all the plans that we've made, you know, and

992
00:42:28.840 --> 00:42:31.480
what's what's being put down, like we said on paper,

993
00:42:31.719 --> 00:42:34.639
to make sure that we're actually secure, which I love,

994
00:42:34.960 --> 00:42:35.639
you know, So.

995
00:42:35.679 --> 00:42:39.000
I guess the message the takeaway is, if you have

996
00:42:39.320 --> 00:42:45.960
not done some or all of this we're planning, start now.

997
00:42:47.199 --> 00:42:49.239
Talk to friends who've already done it, or if you

998
00:42:49.280 --> 00:42:52.360
know a lawyer or an a state planner, ask questions.

999
00:42:52.559 --> 00:42:54.920
There's probably some online things you can look for just

1000
00:42:54.960 --> 00:42:55.360
to get.

1001
00:42:55.239 --> 00:42:57.079
The information and then act on that.

1002
00:42:57.199 --> 00:42:59.079
And if you've done it, but it's been a while.

1003
00:42:59.119 --> 00:43:01.039
It's probably good to read, is it it. Maybe things

1004
00:43:01.079 --> 00:43:05.920
need to be updated, like mine was done thirteen years ago,

1005
00:43:06.000 --> 00:43:09.800
fourteen years ago, so it's definitely over time for me.

1006
00:43:09.760 --> 00:43:11.559
To revisit it in the same because it gets you

1007
00:43:11.559 --> 00:43:12.039
a peace.

1008
00:43:11.880 --> 00:43:14.480
Of mind and knowing if you have a plan for

1009
00:43:14.519 --> 00:43:17.679
the future, whether it's living, trust or financial planning, how

1010
00:43:17.760 --> 00:43:20.239
much money you think you'll have that's going to benefit

1011
00:43:20.320 --> 00:43:20.840
you for sure.

1012
00:43:21.119 --> 00:43:24.760
Yes, word to the wise. We know what we're doing.

1013
00:43:24.960 --> 00:43:26.800
You should do the same. And there's plenty of tools.

1014
00:43:27.400 --> 00:43:28.840
There's a lot of electronic tools too.

1015
00:43:28.840 --> 00:43:30.760
You just google it, Google it.

1016
00:43:31.360 --> 00:43:33.159
How do you think I googled all my notes today,

1017
00:43:33.360 --> 00:43:34.320
my highlighted notes.

1018
00:43:34.360 --> 00:43:35.079
I googled it.

1019
00:43:35.360 --> 00:43:36.960
I did my share googling as well.

1020
00:43:37.039 --> 00:43:39.199
Right, So it's out there. The information is out there.

1021
00:43:39.199 --> 00:43:42.280
We just have to follow it through. Yes, man to you,

1022
00:43:42.360 --> 00:43:43.360
ready to shut this one down?

1023
00:43:43.679 --> 00:43:45.079
Shut it down? Am I doing it?

1024
00:43:45.519 --> 00:43:45.960
I'll do it?

1025
00:43:46.280 --> 00:43:49.519
You do it? You do it, and I want to

1026
00:43:49.559 --> 00:43:49.920
do it.

1027
00:43:50.159 --> 00:43:50.880
Let me do it again.

1028
00:43:51.239 --> 00:43:54.159
Thanks, joining and carry We hope you enjoyed the quality

1029
00:43:54.199 --> 00:43:56.440
of time that we share as we roll down the

1030
00:43:56.480 --> 00:43:57.519
alley of life.

1031
00:43:57.239 --> 00:44:00.000
With a bowling ball glued to our thumbs.

1032
00:43:59.760 --> 00:44:02.000
That's painful, No, it's not. Don't forget.

1033
00:44:02.039 --> 00:44:05.239
You can find us on Instagram, Spotify, and Apple Podcasts

1034
00:44:05.400 --> 00:44:08.000
at the Fie for pod productions on.

1035
00:44:07.880 --> 00:44:11.320
YouTube at Donn and Gary Doing sixty and the.

1036
00:44:11.280 --> 00:44:16.840
Gmail account is don and Gary doing sixty at gmail

1037
00:44:16.880 --> 00:44:17.519
dot com.

1038
00:44:17.559 --> 00:44:18.039
Who knew?

1039
00:44:18.440 --> 00:44:22.760
Now you know? It's good talking to you, Gary, good

1040
00:44:22.800 --> 00:44:23.239
talking with you.

1041
00:44:23.599 --> 00:44:25.199
I'm gonna go sign and take a look at my

1042
00:44:25.440 --> 00:44:29.239
my my notes, and next you sign off on all

1043
00:44:29.280 --> 00:44:30.239
of my listening.

1044
00:44:30.360 --> 00:44:31.079
What am I talking about?

1045
00:44:31.119 --> 00:44:34.320
I'm on yamorous Okay you am R. I'm gonna hang

1046
00:44:34.400 --> 00:44:36.960
up now, Okay, bye, I'll see you next time.

1047
00:44:37.239 --> 00:44:39.960
Bye.