Year-End Planning: Charitable and Family Giving
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IT shows a proud member the retirement podcast network. I don't enjoy humble pie. IT never takes good, but I do appreciate what IT happens. Simon cino. Well, could be the show dedicated to help you.

You're not just survive retirement but to have the confidence to really lean in and rocket today and the show we're finishing our mutton series on year and action natives to consider in order to optimize your plan today, we're going to talk about charitable and family giving. We don't have to know everything about these topics, but it's important to bring out some opportunities so they become front and center so you can decide whether you explore them further. In addition to that, we're going to answer some of your questions.

Too little announcement before we get on with the show. Number one is the humble pie. In this case was my quoting of the agc contribution limits in episode five sixty five, where we talked about don't forget those if you are in a health savings account compliant plan.

I gave you the wrong numbers, and a number of you emailed me and let me know that, which I love. All of you did IT in a very kind way. I just misquoted the numbers I had in front of me.

So I want to make sure I correct the record, and this helps me sharpen my skills as well. So if you are enrolled in A H sa. Compliant health care plans, this is who this is gonna ly to. And essentially those are plans that have hide deductables to them. You are eligible to make a tax deductable contribution to a health savings account.

And if you are an individual and you are enrolled in one of these type of health care planes, you can have an agc account and contribute up to forty, one hundred and fifty dollars for two thousand and fourteen. So you want to forget to do that because it's the benefit of being in a high deductable plan. If you are in a family plan, that limit is eighty three hundred dollars.

And then lastly, if you are over age fifty five, you get to catch up. So not like an era where it's fifty. This is age fifty five.

If you are over age fifty five, you can contribute an extra thousand dollars. So that will be in the important numbers worthy, which we've been sharing a month in our six shot saturday email into one of those critical documents. I'm like excited for twenty five important number to come out because IT has such great data in IT.

So that's number one. Number two is in january, we are doing a live case study with a listener where we talk to the listener on the show and talk through the first three pillars of building a retirement plan. What your vision is, is IT feasible.

What resources do you have? How do we make IT resilient? This year twenty five, we're going to talk with somebody who is single with no children. And we're going to explore all the opportunities and risks that come along with retiring in single with no children.

So if that is you and you would like to raise your hand to be a volunteer, we will have a link in six shot saturday to a short form. And then we'll follow up with all the people that rays their hand. And i'll pick someone as the candidate to be the shares case study.

So will have that in six shot saturday email, getting the links to all the resources we talk about. The only way going to do that is if you are on our sick shot saturday email. So if you are not, it's a weekly email. You can sign up for that at six shots saturday dot com art graduate outcome, get not a breath there. Lastly, for december, got a really big month, really big month.

We're going to have Christine benzon about a new book how to retire, are going to Michael easter around talking about gear and not stuff we're going to have danel cross be on and we're going to have tiny y nickles from a line financial on. Really excited to be a few month. In addition to that, we're onna really play in entering a lot of your questions.

With that said, let's get on to the today's topic of charitable and family giving. So today, we're going to talk about charitable and family giving. And this is not meant to be a complete guy to this subject, is meant to bring them to the surface, to Spark ideas in your mind, to potentially pursue between now and the end of the year.

We've been having a lot of year and medium with clients where we're talking about a lot of tax things related to more of conversions and qualified distributions. And we've had more than one instance by going through the discussion on charitable giving, we found opportunities to materially impact the tax implications of a rock conversion, let's say, are qualified distribution by coupling IT with charity giving. We're also going to talk about family giving.

So the point of this exercise, the intent is to bring some of these topics free to explore, to make sure you don't miss an opportunity to execute on a charitable or family giving intent as well as managed tact us because it's easy to miss these things because we're so busy. And how do you remember all the stuff? I don't know.

So let's talk about cheerful giving. Number one is it's important to understand when you're giving from a chair of perspective to a qualified charity that there's no real impact from a tax perspective unless you I mize your tax return, meaning that you have items to imiss over and above the standard deduction for, in this case, two thousand twenty four. And for two thousand twenty four, if you are single, your standard deduction is fourteen thousand six hundred dollars that you get to deduct from in your tax return.

If you are married, it's twenty nine thousand two hundred dollars. So unless you have deductions that you can, I mize above those numbers, check table giving isn't going to have an impact on your tax return. So why do we want to give to charity? I mean, obviously, the number one reason is to fulfill a charger intent.

The united states historically has been one of the most charitable societies in terms of giving to charities that do a lot of work in rescue, health, education, new named. We work at helping each other. And charities are one way that we pull money in order to do that. Think of the red cross and helping the people in in north CarOlina in other areas of disaster, just as one example. So that's the main intent in giving from a charitable standpoint that I see because the standard deduction is so high in the vast majority of people do not miss on the tax return, the tax benefit of charitable giving gets a little bit more difficult to navigate.

So one reason you might think about IT between now and the end of the year is how can you batch your change of giving into certain years in order to deduct get into itemization from a tax perspective so you get the tax benefit? There's nothing wrong with getting a tax benefit for child giving. So that is one thing to think about and will use an example or two as we talk about this.

So what are ways of giving to a charity or the Normal way that we think of giving to a charity is we write a check, we just write a check for cash to a charity that we care about. We go online. They make IT easier than never before.

Using online check, able giving or A C ages. That's the way that we would give to a charity. One way that we often forget, though, is let's say we want to give thirty thousand dollars to a charity rather than write a check. Many of us forget that we can give appreciated stock in the amount that we want to give to say, we bought a novdec and we bought IT for a thousand dollars and knowledge for thirty thousand dollars. Stock is done really well.

Rather than sell the NVIDIA, pay the capital gains and write the thirty thousand dollars check, or take thirty thousand dollars from your savings and give IT to the charity, one thing that you can do, that we forget, is you can give thirty thousand dollars worth of the navy a stock to the charity. And what happens is you avoid the capital gains on that highly appreciated stock in this example. So rather than a cash, you can avoid the couple gains on an investment that you've had that done extremely well and give that to the charity.

The charity will sell that they don't have attach consequence to win win. That is preferable in many cases, then giving cash. Let's say you have the thirty thousand dollars laying around. One thing you could do is give thirty thousand dollars of the stock, then take your thirty thousand dollars rebuy the stock and reset your cost basis higher.

It's one of those things we just don't think about a lot of times another direct gift that you can do if you're over seventy a half is what called the qualified charity distribution from an I R A. So once you're over seventy and a half, you're able to do what's called the Q C D. In two thousand twenty four, you can do a distribution from your ira, have to go directly to IT a qualified, you can take the money and give IT to a charity IT has to go directly to the charity up to one hundred and five thousand dollars.

And that will help satisfy your required minimum distributions. Now many of us have required minimum distributions from our pretax accounts at eight, seventy three or seventy five. So why would we do that at seventy half if we don't have R N.

D yet? Well, the reason you might consider doing that is that you are ready to have the chair tent. Let's check that box. There are a lot of people that have too much money in their pretax accounts in the required minimum distributions when they turn on are going to move them up. The tax Price is because of the amount of those distribution.

So this is a way to help mitigate that by getting money out of your I or pre tax account, fulfilling your charger intent and lowing your required minimum distributions later. So just something to think about, and you can do this anytime during the year. Now what if you want to give money to a charity? Or maybe you're doing a huge rock conversion this year or you just have a very big tax year and you want to give money to a charity, but generally you only give, let's say, twenty five thousand a year to a charity.

Now I say only that a lot of money, but if you give twenty five thousand dollars a year to charity, that's what's in your family budget and you're in a big tax year that because of rough conversion or something else from an income standpoint, well, the twenty five thousand charitable contribution isn't going to get you above the standard deduction. If you're married in order to itemize, you're not going to get a tax benefit less. You have a lot of other deductions.

One thing that we've had a few cases issue, probably three, I can think of where we were doing larger rough conversions and looking at the tax impact of that. And then separately, because we go through a checklist like this, we said, well, what about terrible contributions? And like, well, yeah, this is what we give a year. This is where there's an opportunity to batch charitable contributions into one year in order to have a significant impact on the tax you pay in reduction, you couple a large draft conversion and do a larger charitable contribution.

So in my particular example for talking twenty five thousand dollars a year, which is the Normal giving, and let's say IT goes to one charity, you know, a church, the red cross or what have you, but you may not want to give multiple years of that gift in one year in order to get your tax deduction. So what do you do? Or what you can do is donate to what's called a donor advised fun.

It's a qualified charity that swap fidelity. Pretty much all the major financial institutions run dom. There are qualified charity that are able to accept a contribution into the charity.

You get the deduction. And then each year from the amount that you contributed, you're able to give grants to specific charity. So let's say it's the red cross and you give twenty five thousand year.

Well, in this huge tax year, maybe you give a hundred thousand dollars in the form of a donor advice fund, which is a charitable contribution. And then each year, you submit to the donor advice fund a grant to the red cross for your twenty five thousand dollars donation. No, we won't get into the details of a donor advice fund right now.

Will have I think we've done that in the past, will do that again. But that is a way of batching you're terrible giving in one year. In a year, say you're doing a large rough conversion in order to have a material impact on your tax and still for fill your annual giving objective by doing IT all in one year.

Another thing you can do, if you can couple that rather than give a hundred thousand dollars in cash, you can give a hundred thousand dollars in appreciated stock to the donor advice fund. Avoid those capital games. Now, the deductibility of giving cash version and appreciated stock are different. My intent here is not to go into all the details on that. My intent is to bring this to your intention.

So if you are maybe in a really high tax income year or you're looking at doing big rough conversions or qualified distributions that you take a look at batting your child of giving, you take a look at giving partly appreciated stock or you take a look at a donor advice fund and work with your tax advisor through the details of that, the exercise here is to just don't forget about IT, right? Let's talk about family. Given this year two thousand and twenty four, you have an annual gift exclusion of eighteen thousand dollars per year.

And what that means is you give eighteen thousand dollars up to eighteen thousand dollars a year to anybody you want. You could send me a check, give IT to your garbage guy. You can give IT to your caretaker, whoever you want to, you can give IT to your son.

Let's say, let's say you want to give money to your son and you're dealing with possibly taxable states where you can give eighteen thousand dollars to your son. So let's assume you're the mom. Mom, give some eighteen thousand dollars.

But what if you really want to get your son more money than eight thousand dollars? You want to have to tell a tax reporting and or anything else? Well, if you are married, dad can give eighteen thousand dollars to the sun.

So now were at thirty six thousand dollars. But what if you want to give them more money? Well, if sun is married, dad can give eighteen thousand dollars to the daughter in law.

Mom can give eighteen thousand dollars to the daughter law. So daughter law receives thirty six thousand. Sun received thirty six thousand.

So now you've gotten seventy two thousand dollars, but not really having to report anything to your son and their family. And you could do that for your daughter. You could do that.

So if you're married, you can couple these. So those type of guests are just annual exclusions. Anything over above that in a given year has to be applied to your lifetime gift exemption.

What is that? one? Two thousand twenty four. The lifetime gift exemption is thirteen million, six hundred and ten thousand dollars. So almost all of us are never going have to worry about this.

But if you give over the amount, then there's some accounting you want to do from a tax return to apply access gives to that lifetime gift exemption. The last link from a family giving standpoint, I want to talk about what two things. One is you can pay educational expenses and medical expenses without limit as long as you're paying them directly to the institution.

So as an example, let's say your son and daughter in law, they have a baby and they don't have insurance and there's a huge bill for the delivery. As long as you pay the bill directly to the institution, the hospital, in this case you pay the invoice directly, you can do that without limit, similar to a college. If you have a grandson and he's go into new york university, when the most expensive schools in the country, as long as you pay the tuition bill directly, you can do that without limit.

In a six shot saturday, email will will have a link to a resource titled things to consider before the end of the year that i'll have a lot of these listed as well as many others. So you can just quickly go through that checklist and bring on top of mind to identify things you might want to explore before the idea. That's a let's get on to your questions.

I had a discussion with a member of the club yesterday. IT was basically a question, and I was related to using the tool. But IT explored an issue that I thought some of you might have, that I wanted to talk about an answer here publicly.

All not sure the specific details of this person, but the situation was that they're single, no children. They live in a state with no income tax whatsoever ver. They are relatively constrained from a feasibility standpoint.

They have some assets, but they are definitely not overfunded, and they have a relatively healthy pension. And they want to move from the state that the end is a pretty cold state. They want to move to reestablish themselves in a community for retirement in the world's zoo est because they're single and pretty independent from a family perspective.

And they were considering two different states. Both states had state tax. So when analyzed in the feasibility of their plan, their plan was feasible in the state that they were in.

And then this person tested two separate states that had the state tax, but one when they tested only change in the what if scene of moving to stay a the feasibility, the plan went down significantly. But when they tested moving into state bee, the feasibility of the plan was impacted, but not as significantly, was still feasible. And they couldn't quite understand why, because the state tax rate of the two plans were relatively similar.

And so we are trying to figure this out. Sometimes it's just easy to have on a call to understand what's going on. So we did that. And for this particular person, state a had an income tax between five ten percent, we'll say so that was on income, but they didn't have tax on social security, but they taxed pension income. And that was the key to the significant decrease to the feasibility of the plan.

If they moved to state a because a lot of their retirement was gonna funded by this pension, coupled with social security, this particular tax tax pensions state b that had a little bit of impact to the feasibility their plan, but IT was still feasible, also had an income tax, also tax pensions, but had a provision that up to, I forget what I was, twenty four thousand a year, whatever of a pension is not tax, they got a deduction. So about twenty four thousand dollars of their pension ended up not being taxed. And they did not tax social security.

And that was the reason for the big different between state a and state b was the taxation of that pension. The reason I want to bring this up is we talk about tax management as an optimized pillar, meaning that if you don't optimize that, all IT shouldn't matter. That is the case unless your plan is highly constrained.

When you're highly constrained, the tax code can have a material impact to the feasibility of your plan. And this brought this to like to me because this is someone that was highly constrained in my practice. We don't have too much of that.

So it's not something I think about. So I want to make sure I point that out. The more constantly you are meaning that yeah, this plan should work.

I have a lot of guaranteed income. I don't have a lot of asset relative to what you hear from others. Where you live in the tax code matters significantly and IT did. In this case, how the pension der text. When you're looking at where you might live and you're relatively constrained, it's important not just to understand the tax rate of a particular state, but how they tax certain income, how they tax so security and how they tax pensions.

So I could imagine this person living in state a going through building a plan of record, not really thinking about movie from state a and seeing that their plan was not visible in making decisions based upon that understanding and not really expLoring that they could literally retire today or next year, rather than five years from now. If they explored moving to a state, taxed their income differently, in this case pension. I would feel really bad for someone that lived in state a that did the analysis and didn't realize if they were just moved to another state, they would have be able to leave work and they would have a much higher feasibility of their plan.

So this is the kind of creativity and poking around at angles that we need to do in retirement planning. Because if we don't explore things like we've talked about today, we could miss some really big opportunities. In this case, the opportunity could be five years of your life working related to this.

This person was expLoring, what if I work one more year? They were targeted, and I think I was this year, and was they realized IT wasn't going to make a difference. They worked set for this year.

There are too many open looks. So they decided fall of next year. I think he was. And they mentioned that as were looking at how they use the tool and they tested work in another year, but they didn't really make a difference in the feasibility, their plane, and they were little perplexed by that. And beyonce st, with you, I was too, and I was how they entered the goals.

But the material reason why I did make a much of a difference is they said, oh yeah, but if I work an extra year, my pension will go up by and with just three hundred dollars a month. And that did not seem very significant. And they so they did not update their pension assumption in the feasibility model.

Well, in this case, because I did update IT and three hundred dollars a month in their situation, made a huge difference to the feasibility of their plan because their pension IT was the thing that was going to significantly fn their life and the pension had an inflation adjustment. So they are in now as just three hundred dollars a months. So i'll just change the year that i'm going to retire, not update my pension estimate.

And IT didn't look so great. But by changing the pension estimate for certain people, this can make a big difference, and IT did in this case. So we want to think outside the boxes and want to have a systematic way of doing this, because little things that we sort of write off could make all the difference in rocking retirement, right?

So let's go to some of your questions that were submitted. One question I had was related to for the upside portfolio to I have to build a whole asset allocation for that. This actually came from the club in Christine benz, and I talk about this next week in our discussion.

So to refresh your memory, we building a bucket or a py cake approach. You're going to allocate your assets into initially three piles. Number one is your contingency fund, which is your light, your financial airbag, that emergency fund, to help you manage against unexpected expenses, bad assumptions on what you thought you would spend or the income you would have that bucket. Number one, that's you want return of your money because it's cash. The second layer of the packing is you want to refund your spending for a default of five years.

So if you know you're going to need fifty thousand dollars from your money in order supplement your life because you don't have the income ford, you're going to have two hundred and fifty thousand dollars invested in something that's going to return your money when you need IT, fifty thousand dollars mature in each year like a bond letter and that's going to refund your spending. And that five years can be higher or lower depending on how feasible your plan is. The next layer is what we call upside.

So this is money that has a five or more year time horizon, and it's where we start focusing on I want return on my money. I want to grow my money because I want to battle inflation, and I want to have more money to manage spending shocks that might come in the future. So the question is, do I have to build up a whole acid allocation for that? In our practice, we do is usually four or five etf or index based or passively based vehicles that are tax sufficient in low cost.

But the twitter is you don't necessarily have to there are asset allocation portfolios in the form of open and mutual funds or exchange traded funds where you can buy an instant allocation targeted for different spectrum of the risk horizon. There could be aggressive growth that are ninety percent stocks. There are moderate growth etf that by different etf underneath them and give you a one solution fun.

And the nice thing about those, the positive about those are that they automatically rebaLance, they reinvest in IT. You don't have to think about IT. Some of the downsides of these one solution type of portfolios, especially in an aftertaste count, is that you don't have the opportunity of doing tax loss harvesting in bad tax eres.

A good examples. Let's say you had a sixty percent portfolio stocks and forty percent and bonds. Your bond portfolio portion probably is down.

You may be at a loss on paper in that bond portfolio. And if you're an aftertaste count, you can do tax loss harvesting to use that tax loss. Or if you have, there's one solution, upside portfolio.

IT doesn't break IT out by the individual asset classes, but they definitely are there. And I think they're a very simple way to do IT. Our dex question is an audio question related to rebalancing.

Hi rock, my name is I love your podcast, and listening for several years now, I have a question about the process of be balancing your pancake and clear on the need to get a return on my money, as well as a return of my money compensating for the risk of sequence returns and inflation risk.

What i'm trying to understand now is what process should I use or what trigger should I consider to refill my layer two of the pancake to continually fund the next five years of my life? And I think this is especially important during a downmarket. I don't want to automatically rebaLance every year in a downmarket would love your thoughts on the rebalancing process for the py cake? Thanks again. Have a great day.

Great question. That sort of segway in what we talk about, layer two, which is that income floor. So thanks for the question.

The process that we use are just walked through IT. It's gonna happen in the third quarter of every year. And in the third quarter, what we do is we from a turn planning perspective, we closed out the current year.

So in q three this year, we closed out two thousand and twenty four from a spread sheet perspective, and we started forecasting for two thousand and twenty five and beyond. So that step one, when you do that, you want to update all of your spending assumptions so you want to understand, okay, this is what I said I was going to spend for my bed great life. This is what i'm actually experiencing and determine the new estimate for your bed great life.

For twenty five and beyond in this example. So that's number one or number two. The number three is you want to do the same thing for your direction.

Ary wants you want to look at what you had forecast, what your travel budget was when you were going to buy that car eeta. And you want to a look at what you actually did and we cast those estimates going forward. Perhaps you were thinking you're gone to buy a car this year, but it's actually not going to be for three years now.

So you're gonna that you thought you were going to spend fifteen thousand dollars in travel, but you're spending eighteen thousand dollars in travel. So you request that you thought you were going to do a big trip every other year that was going to cost thirty thousand dollars. But you realize that life is too busy at a new grandbaby or something else.

So you move IT out to the year that you think it's actually going to happen because now you have more information then you did third quarter last year. You can also bring in new goals, whether it's in bed, great life or you want baby, you had that new grandbaby and you want to start a five twenty nine or you want a gift or there are some other expenses. So you want to release all your spending estimates.

And this is where you're going to capture inflation as well because you're going to experience your own inflation because if Prices just keep going up, you're probably not going well. If you're like us, you're not going to buy the same quality of meat. I want my fly, and lately, I haven't got my fly because we're by another meat because we're managing our own inflation.

What I have found with inflation is we model IT as going up every single year. But generally what happens it's more like a stair IT stays flat for number years. And then we up IT because we have to read just we do a lot of swapping in our personalize, and I imagine you do too.

So you want to request all your spending estimates and then you want to request all of your financial assets. What are your income? What's the income that you expect over the next few years with so security work eeta and then we cast your financial message, what are the current value of those relative to the last time you did IT? And then you rerun the feasibility analysis.

And all of this happens really quickly. It's a very organic thing if you get into rhythm with IT. That's why we do guided in the club is because it's a call this should go do these things. IT doesn't have to take a lot of time even though i'm explaining IT like IT might when you seen the feasibility of your plan, you're also going to see how much liquidity you have relative to the new spending estimates that you have just updated.

Perhaps your liquidity is a lot lower than four years if we've got a years since we've done IT because you have more expenses that have come in or maybe your liquidity isn't one year less because you have expenses that have come out. So we we cast IT like its day one in planning and then you make decisions on how much do I want to refill that layer to relative to your question from my upside portfolio. And that's the rebalancing that we're talking about here.

Now what's going to go into that is partly are we OK with four years from now, there's nothing magical about five years that our default. But let's say we're in this horrible market where everything is down twenty percent, we're still feasible. We still have four years of cashle.

Maybe we don't rebaLance right now because we don't want to sell them to a bad market. In four years of cash low was pretty good. Next week, Christine talks about having two years of cash flow.

I actually went through two thousand and eight period with only two years of cash low in reserves. So there's nothing magical about five years. So perhaps you don't rebaLance and build out that fifth year again or perhaps you build out your fifth year, but only for your base great life.

And you don't prefer some of the discretionary spending because if you're at four years cash reserve for your base, great life plus directionally, you may be at six or seven years if it's just your bed, great life. So if this storm in the market continues, you're going to do what you're gna do if you are in florida when the storms coming. But I live in florida, but what if the storms coming, you're going to batten down the hatch is a little bit.

You're not going to do the Normal things because you're just working at protecting your home while in retirement that might be wow, these markets are really bad, and this is the second year in a row. So i'm not going to travel like I travel. I'm going to travel more modestly or i'm going to delay that car purchase.

So I think you want to think about IT in this way and then just make a judgment call of how much from your upside portfolio do you want a harvest to rebuild this liquidity bucket, this layer two that we're talking about. There's no hard and fast rule to this because this is so dynamic and your things you're coming in and out of your life, obviously, the markets, you know, if you don't have a lot of after tax asset, you don't have any know levers to rebaLance that help you taxwise. The point of the exercise, I think, is feel comfortable with this, feel comfortable not having concrete the answer.

It's Better to have not have the answer when there isn't. It's okay in the third quarter. So we're planning well ahead of the end of the year.

Let you go through spending, updating all my assets, make insure m still feasible and then making a judgement color, how much, or if not, do you refill a rebaLance, that layer two of the py cake that could go for a couple years in an extreme situation. So imagine we go through an extreme market situation. You started five years, okay, where a year in market horrible are, right? So we don't rebaLance.

We go through year two, mark, horrible. We don't rebaLance, but maybe we start to moderate some of our spending, which makes our three year floor a little logger. Maybe that moves back up to four years because we've negotiated away some of our directionally spending to weather out the storm.

This is the part of being aja, but i'd like to do that in the third quarter. And we have a protocol that we go through in our practice and we go through in the club every third quarter just to remind ourselves. But that, that lets get on to a smart sprint, ony max, get set.

And or off to take a little baby step we can take in the next seven days and not just rock retirement but rock life in the next seven days. It's gonna review, you're terrible and family giving. Look at how you did this year, how you want to bless the world and those around you, and just do IT thoughtfully so you can have some tax benefit as well.

Why want to continue on reading into the record my grandfather's journal of his flight flying as a waste unner in a bee, seventeen in or or two? This is mission number four, july fifth. So last week was july forth.

So the next day, nineteen forty four, ship number one, eighty three, thirty three, had a long run. Today, eight hours and forty minutes, two friends dropped six thousand pound bombs on a martian yard into a pretty good job. Flag was accurate and concentrated.

Think about that. There are fly up in an uncompressed aircraft, did IT on july fourth forty four next day, through almost nine hours in the cold with concentrated flag. And how matter of fact, he writes these, he has a few instances, and you'll see them, as I read these into the record, over the next year.

Or however, law IT takes where he shows maybe a little bit of emotion, but this is definitely a dragnet, just the facts type of commentary, which I get. I guess I hope you have a wonderful thanksgiving. As always, I am very thankful for you and thankful for gram and thankful for alison and naka and Tracy and kim and Scott and the entire R.

C. Team is getting so big, I get scared them and to miss people. So I just love you all. Thank you so much for listening. Hope you have a wonderful thanksgiving.

The opines voice in this podcast for general information only is not intended to provide specific baseball recommendations for any individual performance references. Historic C O N does not guarantee future results. All indexes are unmanaged and cannot be invested in directly. Make sure you consult your legal, tax or financial advisor before making any decisions.