Apr 14, 2015|
4-14-15 Full Show by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
Strong here and I'm joined today by the state. Planning attorney Todd lots from the law firm of Cushing handle and with your financial exchange quick tip of the day. We're talking about the top ten reasons to have an estate plan. But let's talk about number four if you have a child that's not really responsible with money. Is there a way to protect them from themselves when the paired up talking about the spendthrift child you know when it. In the in my own children yeah that's their money in their pocket they burned through and I agree you wanna protect them from their future creditors whatever they may be. Going forward I mean into giving them an allowance as opposed to lump sum it'll figure out how that money can be used interest rate on them overtime and endured in a way that. And trust can do that so that there protecting them if they themselves from their own creditors. If you just at today with the estate tax exemption as high as it is we tend to be leaving more and more thanks to our to our family. Has left is going to the government well. We wanna make sure we leave it to them in a way that won't perk. Keep them productive members of society so and and quite frankly. The biggest concern I have sometimes is future divorces. I mean if you dump. You know half a million dollars in two your child's hands and they get a divorce five years after you're dead they're gonna lose half that money on a good day. Put it trust the trust does a lot more than just probate and avoid taxes these days. It can really protect your assets for your children's from your children's creditors that's reason number four the EU to have an statement. Call now and received his brand new guy from Cushing handle that top ten reasons to create an estate plan. 8668485699. That number again is 866. 848. 5699. Call now 866. 8485699. Advanced state planning has many benefits including avoiding probate passing your assets along to your bloodline protection from the nursing home in my favorite possibly eliminating the estate tax type folks this is Barry Armstrong from the funny to exchange each week Todd lots partner with the law firm of Cushing handle educates our listeners telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits including helping you to not impoverish your spouse if you go into a nursing home Cushing and Dolan has put together a brand new -- top ten reasons to do estate planning call for your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities -- securities America acting members and SIPC advisory services -- with the securities America advisors Gary Armstrong representative Armstrong advisory group -- and talent in the securities America companies are affiliated I'm going to grow. Into the mall dance lessons can they. The basketball well. Wherever you're going the quality gasoline that ExxonMobil stations of the energy behind your journeys they help them do run smoother and help improve fuel economy to. ExxonMobil energy lives here and that's on Docomo mobile accomplish details. There's your basement or crawl space have a damp musty smell. Well watch out that's a sign of too much moisture and not enough ventilation and that can mean increased mold growth and the buildup of harmful toxins and gases don't bother with the 1888964. Way. When the time comes to retire don't just roll over your employer plane into an IRA whether you've been saving -- -- 41 K for a three beat profit sharing plan or money purchase plan you generally have several options each of which has its own advantages and disadvantages if you're entitled to a pension your employer will provide you with various choices or how you would like to receive your balance did you know that if you have company stock in your retirement plan there may be substantial tax savings opportunities for you to keep the employer stock rather than just cashing out and rolling over the proceeds to an irony we are making available free guide that will help you learn about distribution options from your employer retirement plan assets 8669579902. That's 8669579902. Today's topic is securities America in member and IS IPC advisory services apathy securities America advisors think Gary Armstrong repeat and it Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert for any tax committee concerns. And. Yeah. This is the fundamentally change we've Barry Armstrong. First street stay on top of breaking business news and balloon how to manage your money to help you towards a more secure future he'd still play mention exchange with the euros. Barry Armstrong. Yeah. They are mad crazy people around today at night. Count myself among them are related to politics is not related to. Hillary Clinton her. Marco Rubio it has to do with my tax bill. And like many amid a situation where I'm writing a check to pay my taxes hi everybody my name's Barry Armstrong and I'm flying solo connection sampling excellent got that they're capable David colony in joining me today. You're welcome you know the it's it's so hard to find help that we can't find anybody is it that these aren't easy shoes to fill. And I trooped in computers. She's top notch yeah so any nightly news we will do the best we can. But have you noticed state that there's a few people that are a little testy. Today and and they'll be and test your tomorrow I have definitely noticed some people are a little bit upset the last couple weeks it's kind of been a bit along bill. To the state tomorrow with the the bad thing about tomorrow you have to actually write that check for the taxes. That you all but you know I feel really bad for us there's a segment of the population that doesn't. Have the money in their checking account to write the check for the taxes you'll and I just want to warn you Leo is that I think a lot of people are. I know they they face the temptation is to say well you know finally I don't have the money so on that's not gonna paint with a penalty you don't pay. The taxes that you all in if you don't file a tax return. The penalty is 5%. Of what you all. Every month. All right so just think about it this way you'll you know your accountant and he said yeah yeah I've got bad news you owed 9000 dollars well if you. Don't file their return and if you don't make that tax penalty payment the penalties can be 450 ought to just the penalty. What you need to do. Is you need to file your tax return whether or not you have the money that's gonna sound like a contradiction right how can you file your tax return you don't have money. Well you file it. And you say okay how my gonna come up with a 9000 dollars that I know one thing you can do do so as an aside. You can use a credit card they take the higher wrestle take American Express discover MasterCard visa. In a variety of different debit cards. Now chances are you've already thought of that. You are you knew that he is somebody told you can pay with the credit card and you've already maxed out your credit cards you don't have any available to you. Well the one thing that you have as a fallback besides the family loan and besides using a credit card. Is to do with called an appeal for an an installment plan. In the I'm looking at the form as a speaker now. The four missed numbered 9465. Right down if you don't have the money to pay your taxes right down this form number 9465. It is an installment. Agreement request knotted it doesn't guarantee you anything but if your reasonable in your request. Then the IRS will install a spread your taxes out over. An eighteen month period tied so for instance a throwback to that gentleman who has 9000 dollars on taxes. Doesn't have any credit cards available to pay them on and doesn't have the cash available to pay taxes. Well take 9000 dollars he divided by eighteen new 500 bucks a month plus an interest in the price charging 89% interest. And then you send in this installment agreement they charge there's a fee to get the installment agreement. In the automatically give in and automatically deduct that tax that you'll. From your checking account on the same day every month and god forbid you ever for miss a payment. You miss a payment in the iris is gonna start garnish your wages a year if you oh is it do you. On April 15 there's statistics like tech you file your taxes it is due to money and that is that they Oreo and so that's where people is an act that's what people played him pusher taxes off. Mean especially you you can't push a law. You've got to pay the money timely basis and there's all kinds of scams out there that say yeah. You don't have to pay your taxes that can pass through the constitutional right. Trust him to do this along time and you have to pay your taxes you have to file that form. And in an effort to get the permission. To pay them out over that eighteen month period tie talked a couple CPAs this morning and believe or not be easy. I couldn't find anybody that knew the exact interest rate that the Internal Revenue Service charging. But it's hot it's for the it's on the pork for the installer puts. But you're better off doing that because if you put your head in the sand and you just say well you know like I don't have the money and and I guess I just I'm not gonna make the payment. Then the IRS comes at you with all guns ablaze in and you got a major tax problems so it any. 9465. Is the iris form number if you Google you can find information about IRS. Payment plans an installment agreements and that very few view. That are in this position. But if you are it's a frightening position to be. My dad I've had people come to me for advice and he deceit the the public they were trapped. Indeed you offer them this. Method of getting out of it and it sure makes I didn't know you can pay with a credit card. You can't I should've done that because I just paid it off the white upper democratic or repair your credit card to get the point two miles or will they charge you put on all they do a little bit more actually charge me to right track now. Matthew right detectives you know. I've got two cats sitting on my head on my desk and I'm waiting until tomorrow I'm one of those guys Dave I'm gonna be the guy that last post stamp. Right on there and on and again and obviously if it. You ever noticed too when you write your Internal Revenue Service check its cash the next. Yes I have noticed like our mail mine on Wednesday night and I promise you it will deposited on Thursday that the Internal Revenue Service is amazingly immigration when they want to and he said oh you oh by the fifties and it's got to be in the mail tomorrow I'll attribute the mail that fifty unhappy in an envelope and I. The envelopes are sitting on my desk I went to the state now wonder that. So I will make sure has a postmark for Wednesday. But I promise you it'll be out of my account on Thursday they you know the Internal Revenue Service you try to call them in your probably waiting 4050 minutes to get anybody's talked to right. But when you owe them money they are amazingly. Efficient and cashing our checks and depositing the any funds that you might go. In in terms of your your payments. What do talk Jiabao. Visa it's called and each one B visa do you know a bad mistake you ever hear an H one B visa I've no idea. And H one B visa. Is a visa it a person or company applies for on behalf of the foreign worker that they want to hire. And here are some startling numbers applications for H one B this is from Reuters. Applications for H one B visas allowing US businesses to hire foreign workers in science engineering and computer programming. Totaled a record 233000. For fiscal year 2016 that's according to figures that were released yesterday. A maximum David of 85000. Of the work visas including 20000 for holders of a master's degree are available each year. Under limits set by congress despite years of heavy lobbying by tech companies to raise the cap so. What you got this is a political divide if you will. Republicans if you talk to Larry Kudlow he thinks that that visa number should be jacked up. Rate and Republicans in general if you listen to the Republican candidates they're gonna say it we need to have a 300000. Visas made available. Europe liberal friends are gonna say no no no wheat wheat we don't want to do that because then it's depressing wages for American workers. On this year a employers had a mere 36%. Chance of being granted and each one B visa. This according the US economic growth. And and employers are frustrated. Now the United States loses about 500000. Jobs a year because of those limits this according to estimates from compete America it's a coalition. Representing tech giants including Amazon FaceBook and Microsoft. Some labor organizations the liberals are. Criticizing the program saying it keeps down wages in the tech sector and my question to you and text number 68680. If you work in the tech field. You know what I'm talking about if you're going to work today in your programmer your software designers write code. You know what I'm talking about you're sitting next to somebody who's got one of these H one B visas. And they are making it lower wage than you are why would just quite grateful that there are allowed to stay in the country they're grateful. That they're allowed to come to the United States for three years and worked under one of these visas because they know it is a ticket to citizenship. Right it's a natural pathway to citizenship if you can get one of these H one B visas so they'll take it coding job with Microsoft and nailed me. 80000 dollars a year where the American worker is gonna say on how 1101000. So if you're worth a tech armies just one more so than the pays exactly exactly. Now the tech companies say there's a shortage of these workers but I've tiger clients that work in the field in the seat there that's bull crap. There's there's there's not a shortage of the workers are these companies whether it be Microsoft Google. Apple they just don't want pace they want access to the cheaper wages. I I. I think the answer probably fall somewhere in the middle but I'm curious as to what you have to say about it 68680. Is our text number. Do you think we should be opening up more of these each one B visas that's the big debate. That's going on. On Capitol Hill and it'll be part of the 2016 elections viewing it do we we should open up more H one B visas 68680. Is our text number. Coming up we're gonna talk you're not gonna believe this story that we talked about. There are banks in Europe. There are paying. There. Mortgage ease interest that's right interest rates are so lower low in on mortgages in your. Some banks are owing money on loans that they need out to people who borrowed money to buy house for a talk about that. When we return will be joined by David enrich. He's the European banking editor at the Wall Street drug never hurts that's what's interest trading him or it you know three point. I think three point 85 imagine minus 1% credence at that that's what's going on in in parts of Europe we'll talk about that when her turn. Breaking financial news. The financial exchange with Barry Armstrong on the financial exchange radio that. Work but investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 87769178900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member efficacy rate effective November 4 2004 team. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will the impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Security topic is pretty generic ink member and I SIPC advisory services up with the securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert for any tax related concerns. This season powers and I am joined today by estate planning attorney Todd lucky. Aloft permit could singing talent with your legally exchanged quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help steadier app that if someone goes in to a nursing. Todd can anything be done to save the liquid asset of an unmarried individual. Yes there are some things now remember it's never as good as as advanced planning. But it's better than losing all the money and that's really the goal. In order or an individual who single to get on Medicaid. They have to have less than 2000 dollars and often times they won't they'll have you know few 100000 active that they seemed over their lifetime here. Well that bucket of money is there the individual what and how to. Purchased one of these Medicaid annuities and please let me just throw a lot of reminder that these annuities cannot be purchased prior to. Someone going into the nursing home case so don't let somebody tell you that they can tell you Medicaid annually today. It's a last minute planting technique. And once you buy this annuity let's say you take two or 300000 dollars up excess assets. And purchase the annuity than those excess assets are converted to an income stream so value and essence have less than 2000 dollars of assets. Because big chunk of assets has now paying out an income stream a monthly check you'll receive. Over your life expectancy whatever your life expectancy is that's the term of the annuity the moment you buy that annuity. You're now eligible for Medicaid annual stretch out the money make it last a lot longer folks if you are single warm married in their feast with a nursing home Wednesday. The air is something that can be done to save your assets last minute that you need some guidance. Collar office right now heard the brain a guy from Cushing and Dolan cleaning for procrastinators. 8668485699. At 8668485699. Helping you understand how to best manage your portfolio. Includes financial exchange we Barry Armstrong. On the financial exchange radio network. There's something very strange going on in Europe and I've never seen before in my. Thirty year career in the financial industry the Wall Street Journal is reporting today that. Tumbling interest rates in Europe have put some banks in an inconceivable. Position. They're owing money on loans to borrowers we're joined now by David enrich easy European banking editor at the Wall Street Journal. Hi David thanks for joining us. So explain to us how this is happy it's at a bank the Spanish bank bank in terror SA. And they're actually having to pay people that they've loaned money to. Yet even then you get one of the it is an inconceivable paradoxes of Europe's financial. The big European Central Bank head kept effort to get banks to lend out more money has. It was negative interest rates on the bank parking their money at the Central Bank the bank and pass on that negative industry. Crawled to curb like whether the that the that are. Charging customers to keep that the bank or all online and in what we're seeing now is that banks like that they're spending several others as well. Have that. But they apply the benchmark rate to determine the interest rate that the cut risk in the mortgages and when the current interest rates go negative what the negativity turn to mean that. They actually owe their customers money so we're seeing it. Moment money elsewhere but it. The clearest indication. Yet I think that if you're. Economy and financial know basically. Built completely upside. Is it true also that you're now in certain parts of Europe you have to pay the bank and or leave your money in the bank in others that you're getting negative interest rates on your savings accounts as well. Yes. If that's an inverse of the petition with more equipment getting hated that normal depositors. You normally wouldn't be confident of getting me one or two and annual interest rates on their statement than an hour actually being. Hard to keep their money's. Money locked up the bank and is all part of an effort by the European Central Bank the Coke banks to lend more and Coke consumers to spend more in order to get the economy moving them. It's not really having that it included creating a lot of glued to worded it. Welcome look at that there are a big believer that today in charge and it. Actually hate and it's cup or paying down in the principal on their mortgages. Because interest rates have gone negative. Now these are only on mortgages that are adjustable rate mortgages they're not the like most of Germany race has fixed rate mortgages so it's not affecting most German born correct. Yet that's true it actually is a crock looked at Southern Europe though most. We deserve variable rate mortgages and their all. They rated their peg to is either lied or current its European counterpart quality ride which. Both with and they've many different berries and Avery. And number of them have gone negative bird at hovering right above zero and so would those great negative. The ankle would target very well on that in great Britain and a lot of them. And a lot of interest you drive we're glad we're gone negative but Barbara is that. Spread and it actually means the bank or haven't paid on the principle. On the mortgages in. Became principal go up because of him. Yeah why would you make an extra payment on your mortgage when the banks make him part of the payment for. Oh absolutely you would not in a million years try and mortgages could actually what what are they charging in Germany. For fixed rate mortgage say you you got transferred over to Munich. And you wanted to buy a house over there. Which would with the charger for an interest rate on fixed rate mortgage. You know the big let down now becoming edited it still very low everywhere and interest rates are basically either. It was when they're not negative they're close to hear that possibly could be I'm. Germany did in Northern Europe in general mud more and there's much more the culture. Not want it to be dead and so there's. I think the word the good lending wanted to remain pretty sluggish. Now it's not necessarily a windfall. For the customer though is it because the value of their currency has also been decrypt so they knew the if it's not wind wind as it. Yellow and purple as you mentioned earlier bid to. Department that are not collect any interest ultimately in charge to be an outlet and with a lot of that in for the the other piece we've in the end in Switzerland and and certainly leaving swiftly nominated mortgages. Its footprint and undergone a little bit and he gains people are getting the negative interest rates are immediately. Our guide the fact. The Swiss franc has climbed value it more of an overall mortgage has gone the way up relative to the Euro or other currently silk and if you get your relatively. These rates are not the if you leave those who deeply in the red that this may be more effort is actually more problem. For the bank who donated the boot into the Cutler hit it. It eating into the already. Greatly diminished bank profits would you know crying right and be the product manager on the other hand. One of the big weight the banks would be build capital couldn't and that sort blocked as is by making money. And the elephants are already in Europe about it not happen at capitol bet and that meant profit actually has. A negative effect. And the technical ability of the things. Right well they're not gonna make loans if there if there are not stable financially. And clearly this you know they're they're giving money away if it did. They have the banks are in a position because evil contracts that they've written all mortgage contracts that they Britain where they have to give money away for free. Yet it's it's a complete man yeah and it is really edit the latest edit the leader in banks. And thump and then there's not really clear resolution do other than in the economy Doug grow again. That much easier said than done. Well and you've got the Euro trading at 106 I side at 105 yesterday. Are there any forecasts it's the world we can expect from the Euro going forward. It's been me and there are many that while on a complete corrected. And it's been hovering around parity with the color her. Several month and later. Quite people who think that if the US we can lead to better relative to the European economy the debt could actually in court. Now your wages are probably going a little further now David and they were ten years ago weren't. I will have to occur all right David thank you very much for joining us we appreciate our pleasure. That's David enrich European. Bank editor at the Wall Street how did you like that. If you've got to. That he get a message from your bank and says we your mortgage rate isn't 3% it's not 4% minus I think to a two point eight summit that. I thought we had a good here the USP that these are pretty good here and and their minus rates. In your idea I I think that's remarkable. Number view that chimed in on the. H one B visa question this is a good one for me. Larry cut those insane like disagree here. My daughter works as an engineer for semiconductor company. She has had twelve. Each one B visas and she had twelve of her friends laid off in the past three years. My daughter's always on the edge fearing for her own job. Why is Kudlow one to replace her with foreigners why. Well. You know he makes the point follow the money cheap labor he doesn't care in the least from my daughter war for American workers in general but isn't that. The mandate I mean Republican Party. In the in the Republican Party is closely aligned to big corporations and big corporations like Wal-Mart like Microsoft like apple like Intel. They want cheap labor. Hate when we come back we're gonna talk about governor Patrick's. New job what exactly is. Governor Patrick's new job. Can cope with the financial exchange. Download the mobile left by surging financial exchange in the iTunes or Google placed door from the financial exchange radio network. If your landlord pay attention it's that. First of the month rent day tied chased down late payments and organize your files per trip to the bank now you can take back all that wasted time with something called zero leader bank's new product. See rent automatically deducts tenant rent and deposit it into the landlord to count making rent 81 less thing to worry about visit www. Z rent dot net now to learn more no more checks or trips to the bank no more rent payments delayed or lost in the mail tenants pay nothing and for the first six months it's free for landlords landlords go to www. C red dot net to sign up. Then invite your tenants so they'll never worry about late payments again. Visit www. C rent dot net to learn more call 7816. Or 18691. Sign up for easy rent that day and take axle pattern right date for everybody. This bear strong and I'm joined today by estate planning attorney Todd looks from the law firm Cushing and dole. In its time for your legal exchange quick tip of the day. We're talking today about the different ways that you can only real state and Todd I wanted to ask you this one. What are the implications of transfer your home. Steve just take your hole and you give to your children in order to protect it from the nursing I actually had somebody asked me this yesterday sixty years old. In the heard about this thing transferring it musically. Yeah kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living is frightening with or without the light the state so your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed it true you've lost all control over your order anymore. I worry about it the kids go through divorce an ex son in law the ex daughter and when your like. Number three is to it you know only do not only you've now subjective and as you just said Barry to their creditors and doesn't necessarily have to be divorced as he could be a lawsuit business failure and could be any creditor so the oil basically that creditor has the ability to get the asset to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't. Don't do that. Our rate I've got some advice. Or you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 866848. 5699. The guide will teach you all about the risks and rewards of real estate ownership. Hole 3866. 848. 5699. Advanced state planning has many benefits including avoiding probate passing your assets along to your bloodline protection from the nursing home and my favorite possibly eliminating the estate tax type folks this is very Armstrong from the financial exchange each week Todd let's ski a partner with the law firm Cushing handle educates our listeners like telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits. Including helping you to not impoverish your spouse if you go into a nursing home Cushing and Dolan has put together a brand new guy top ten reasons to do estate planning call for your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities up with the securities America member and SIPC an advisory services opposite securities America advisors and Gary Armstrong representative Armstrong advisory group cooking and talent in the securities America companies are affiliated hi this is very Armstrong from planet to exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold early local institution that I trust I. I own gold and I buy my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. There's only one way to get more of the big business and financial news but unfortunately crystal balls are radio keeps the financial exchange on the financial exchange radio network. Well it didn't take Deval Patrick belong to land on its feet. The ball Patrick is joining the Boston investment giant. Firms called Bain Capital. Where the former governor we'll start a new line of business directing investments in companies. That produce profits but also have a positive impact on social programs. I'm joined now by Beth Healy who's followed the career of Governor Patrick. Quite closely I've been power. Good so listen to what makes it's a little bit funny for some lessons we remember that Mitt Romney was the founder of Bain Capital. That's great news is that the firm very closely at is lit it on TV and you know a lot from them political. Issues for him and anytime he ran. But the out at that point yet consider all that you'd not worried about it. Now he's 58 years old right I gleaned that from your article and he's gonna be a managing director and he's the first black managing director at Bain Capital right. That's great Bain is now a very large. Company in the city and actually cut oil. And has some well known partners around town and I'll go out large group that. Managing directors but it would be the first black managing director. What is his job liquid that might help for those of us that. You know it never worked at a venture capital firm what will his job actually being. You gonna help them start and you aren't that actually kind of interest in and week and unprecedented. Perpich credited unlike that which it usually you know certain profit yup it. I bell companies in my. And you know eight billion dollars. Down an intention on. Would eat it you that being relatively new social impact investing. It not only going to be important not charity but it is you might look for companies that are involved in. He development or health or energy. You know or are things that are deemed. A kind of positive social impact bat and you would make that. The goal of making a profit but also an. All right so they would find a company let's use an exam maybe it's a solar company your green energy company in they would invest in that company is that in my reading that correctly. I. Boot what is it in the balls background that would make him qualified to head up this kind of relied I don't think he's ever I know he was that. Tech Texaco and Quicken Loans that I don't tease ever worked in investment banking has. And let the bank he has been in corporate America Coca-Cola you know so now I'll be important companies they'll. Not unfamiliar with business. I mean these the governor eat it as a kind of an X. He'll making the end. Philanthropy even though cleared up at eight but ordered the certainly the governor has done some work in trying to bring together government and private on my own thing that social impact on. Is yup when he was governor. I'm here right. Now not in that. Desist spell the end of his political aspirations because that we if you're going into this if you're Steve Pagliuca. You wanna know that this guy's gonna be there running this division for 1015 years you don't do with a short time Verizon. Although I wonder about green and I earn something like is that it's not like your uncle. Charlie Baker worked ordered a wild between elections. You know. And that as a different kind of big she is helping start on when you helped start on which it. The dollar and it. Expect. Or adoration on. That it be light years. Soggy this this this hurl him out is Hillary's running mate junior event in your opinion. He wouldn't say. He. Calling any output. Continued appetite that he went in there that would aid during meg going to stick with it ain't going to it grew older there's. This the only said while he was in office that he wanted to make some money right they they got I remember last few years people would ask them. And I don't I speculated that that he would become the CEO of the company. And I think he can think what that. It's her you can make like a lot of money in private equity now probably a lot more than you make it. Yeah and and a CEO's probably a harder job right his view of quarterly reports that you have to admit he hit in. You know if you take over CEO John atop the time's going to be turn around it's they don't give you a good CEO shop they give via a turnaround job. Well I think I. You don't want to know is I don't think we got into it they got there I see it being there there a way how to hurt right. I know all of you know I'm an MBA yeah. And but recently. On or be hard because there's a lot of people a lot of money but making it and that. Will be a big deal that is what. Will be judged. He made a few Billy's when he was in the eye and in the office as governor you think about like that that energy company out of fort Devin the battery maker in Waltham I mean. He he didn't have a lot of great picks when he was governor David. You know those those are some really did not go well I think now in the private sector you know the aren't going to be even higher. I'm out for not making it. If I mean those were. AA and used it one could argue that the you know state shouldn't be in as businesses in the first place but. It'll be very curious to see. How he adapts to that culture but your point is. He he served eight years in in the polity he he wasn't in any other public capacity before he became governor was. You worked in the Clinton administration years ago we go out there. How many years did he do there. I don't. You know he was in the you in the AG area. Let me ask you you think you'll be successful. Think he's going to have a very very high expectations of him I think is on how you can be able to build the team. He also going to have you know the opportunity in the challenge of having a lot like it when you gladly invest and then you do. Working for the state. And they can require it and certainly a lot of people around them but in other full authority over in that. And he and Mitt Romney will not be sharing an office. I. Big bat although you know up by a. Now now and what kind of money it they can managing director for what I. Understand they're Macon somewhere between five and fifteen million bucks a year they're doing a good job it's all dependent on their bones but. You know their salaries at their salaries are much but the bonuses could be 510 million bucks. I mean they are really paid eight and you success on. And you hit on will take a wild chaos. You know. What I hear later venture capital is still. Oh. And so it appears to pay out. They do they do well great research on your article that than we sure appreciate your time thank you. As Beth Healy Boston Globe devolved got a new gate I did think I I'd I'd speculated. As recently as October. That he would be you know CEO of the company if you take private gated. This actually didn't his skills it might be the right thing for him. Mostly it's just kind of funny because one of his biggest failures that people talk about as Evergreen Solar anything literally going into the sector exactly like that you know you you point out evergreen but there was another big one that battery maker a 123 yeah. That was an unmitigated. Disaster that is very supportive of Cape Wind that's been happening used. You look down the list. Winners and losers that he is associated with it reminds me of the line. That Mitt Romney had in one of the debates about President Obama say. You don't pick winners and losers all you picker of losers remember that it during the debate knows there's a pretty good it's funny because that's what you know when you talk about his legacy. That's in there like it or not inferred you know a guy like pacts that have put the trust. That's great well I think about the connections. It's cute you know like it. He he can walk into the White House right if he can go to he noted DC immoral he can cut through regulatory red tape and this guy. He is connected as long as the dams are in power. He is big time. Connected and I wondered. Does he make the short list. Hillary running I I guarantees on the shortlist of five names I would if he takes. That's the debate I think he wants the money now that's the impression that I had for the last few years. Are up next we're gonna be joined by Sarah hop from the Motley Fool we had to stocks that we're gonna talk about it your pen and paper ready stock stock is up next. Fifth since Doug talked to Phil hope your portfolio. It's the financial exchange we've Barry Armstrong. On the financial exchange radio network. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that it is only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will allow you to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you up. Fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. If you're thinking about retirement in the next few years it's time to make the big decisions do you know how to change your investments from a growth portfolio to one which generate income do you know when he optimal time to collect your Social Security is did you know that if you -- from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page -- -- -- guide they can help 8668106. Sport to kill you worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Sports YouTube. Securities African securities America ink member fin out if they PC an advisory services operatives securities America advisors and Barry Armstrong representative from an advisory group Ministry's American companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the price of a professional familiar with the laws in your state. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna read it checked here former son or daughter and my justified Acura own home. Not only does transferring put your home at risk he can also create a huge capital gains tax when they sell it. Right now the federal capital gains tax can be as high as 23 point 8% and that's in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors and avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together pre and you guide to the risks and rewards of real estate ownership. This great god will see that that's sweet on you real estate. Call now for your copy at 8668485699. That's 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposit or CDs leader bank is currently offering an eighteen month. CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and earn annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member accuracy rate effective November 4 2004 -- A little burial and Twitter yeah. Every G Armstrong now this is the financial exchange radio network. Break time for your first trivia question. Let's see where it was Barbara Walters board you know the answer that question Texas. Succeeding succeeding where was Walla where she born to 286 TDs tech's number. Our guest is Sarah hall from the Motley Fool and we're talking about couple stocks the first one. Is discovery communications hi Sarah. So tell us all about discovery communications is this Discovery Channel does this the TV station. It is that they're actually a brand they also have a whole bunch of other you know like he LP and owned beyond that arc and I think you are there certain what they're they're probably also viewers that the every show it because they're ranked very highly in greeting. Like what what's their what are their most popular television shows. Though right now bold brash is doing extremely well among adult. Funny I think it while it is the kind of the coveted demographic bird act people that work. That's where advertisers that are looking he would spend there. Advertising dollars and that's a big question and discovery revenue. OK so. Gold rush what else besides that. I might think probably their most payment of Broderick is shark week which happens once a year in July yeah and is glad. Yeah I'd I'd like that. Ray and and then there. They've had been meant is. They had a program cop eaten alive where they knew it was a very LE kind of lacked in the hands at that. At that what they're actually stole someone's. In battle that giant snake and let you know that that really learn about yet heard last year. But I think that the strength of the a the company Gloria that they are moving back toward their market that now. And it educational science reality programming. And authority telling like it but they're reading that it had been at significantly in the past quarter and they're new director at every you know rich but come on board. So they are you basically there content provider and they probably make their money either through subscriptions are deals they make with cable companies and DirecTV and dish and things like that wouldn't it is that how they make their money. That's great they found. They have rape occurred subscription packages. I am telling you cable provider like it at all so again advertising revenue coming. And in fact. So it's a 31 dollar stock it's been as low as 27 during the last year as high as 44 during the last year they make their profitable to make in a dollar 66 per share no dividend. So what do you think it's worth that if I were to buy it for 3145. You know two years from now what a mile and a. Like we re either bets that equipment and and but because. You know people aren't being constructed and I think the real story for discovery as far as I'm. Growing their earnings and Eric Mack had a temple there come an international story I think it is yet. Right back up to where I would even beyond that. You do OK now I've been pretty good trade if you're right. Right now you're next pick is trip advisor now David and I. We drive by their home office everyday they're they're on the highway in the Greater Boston area until we drive but all the time. TR I. 82 dollars a share for the life of me though I don't know how they make any money. Lot of love it probably question a lot of investors have about trip advisor though. They have been piling the same model. I heard them acted the every actually and that they have been great contents quickness bothered either posting used as hotels and other capital. Then used in paint around the world and then they'd they make their money through advertising. And crude steel went. You're the biggest. Online booking company Priceline and Expedia. Though if you go to check that there and read London that are used in sight yet about that Ali click on the link at the plate and media and at. How intricate either any yet. I'm and there are revenue. But now it there is starting to break out in acute care act currently in. That they have that feature called instant booking and dole. They are an hour. Early in that area. Those are looking into that kinda cutting out the middleman. Then I know they're hiring like crazy in appear in new England and they're always looking for workers. Yet and you might have netted there are little. Howell I am all those signs are appearing Mark McGwire around. Local businesses and hotels and restaurants shelling the growth of an outlet in the market acted really let that you can check it either is any. As more and more people who looked at night. And they don't you know either just clear until or use varied views of these places and travel. Right yeah. You know actual businesses. And mark mark people want to come and see what others like them that and then that's how they planned cabinet that it snowballed from there. Do you strip advisor Dave is that this I think I don't I don't use the I don't know I you know uses Yelp but. Very VCU like the stock that you you think this is a good traded 82 dollars a share. Yet that accurate and neither has you generally had a that the travel global capital market hurt. And I think that even with the would be one point three million dollar settlement is. Huge you feel. It's not make I mean all these companies have room to grow. Though even wildcat but I certainly the incident and to me. I I had done that and it Expedia has it and you know I think you guys look I I'm gonna buy that you're in the minority of people don't lecture that I think you're at apple. Rights are well said in debt thank you for your research. It's our hot Motley Fool her two picks Discovery Channel DI SC EK. And trip advisor TR IEP. And I find I like coupon book and a trip. I'm usually just booking plane not booking hotel right but I'll go to Expedia. To kind of figure out what the deals are but then I usually end up going directly to the airline. To bought my ticket how do you book your travel to a new book your honeymoon how did you do. We'll do the I think I would direct for the honeymoon now but. Typically I'm an orbits guy so I use orbits that are different for me really between all of those I agree you know I thought I agree with it has room to grow for all of them because the reality is. When I'm looking things up I'm using Google and now I'll look through all of them all look through everything you think you'll be consolidation like why do you need and Orbitz and Expedia and trip advisor and I'm just saying I mean you look at. But it price you think I really think a million I agree I act but if you go to orbits and you said I wanna travel to in T care summit that you're gonna see what I look at is the reviews are yours and you can help. You're gonna see on orbits like 5000 reviews now you know so yeah. You're gonna get the same feel from orbits as you're gonna get from trip of us are probably or from Yelp or whatever so. I just kind of would travel when I fall on values and is. That triggered by not a big night out to me you're not nothing that distinguishes trip advisor in your mind from. Now we're all the same to me. And price why says Simpson to. I think they'll be consolidation I just don't think there's room for all of those in that in that sector. Did you see the guy. The airport worker who got trapped in the plane's cargo visited you know what happen there now he fell asleep. If it. The guys slogans or car figured happened which is guessing he yeah. A Los Angeles bound Alaska Airlines flight had to return to Seattle on Monday. After a room worker reportedly fell asleep and found himself trapped in the plane's cargo hold. Flight 448 had just taken off on Monday afternoon when the pilot heard banging from down below can you imagine you're the pilot especially if all things going on players and and and flying. Hey thanks for sitting in. To the financial exchange and don't forget to like this on FaceBook we at these many excellent student on his. It's back to school time and it's time for you to brush up on your education about estate planning. Did you know that for married couples you may be paid a necessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I had plenty of other people in my life that I'd rather give 100000 dollars to. Pushing and Dolan has put together a brand new guide called back to the basics. A guide to estate and asset protection planning all for your copy now at 8668485699. Don't lose your money to taxes call 8668485699. Back to the basics. A guide to estate and asset protection planning. Paul for your copy now at 8668485699. Again that number 86684856. And 99. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates whether you're refinancing or buying a new home leader bank is a local bank that's one of the largest mortgage lenders in New England with very competitive rates after their experienced staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work a leader bank. Call 8776917900. Or visit leader bank dot com leader bank lent over one billion dollars last year to homeowners. In the Commonwealth of Massachusetts. They're the true experts in mortgage financing. Deal with the local bank today and call 8776917900. Our visit beleaguered bank dot com for all your home buying or refinancing needs 8776917900. 8776917900. Or visit leader bank dot com. Or email. Loans at leader bank dot com. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you want reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living alzheimer's care nursing homes. Even important financial information. They had obviously researched every place not just given me names. They found me a place for which he could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't thank them. So if you're struggling to find reliable senior living information call place for mom this is a free service and you can trust them. Help you if you are struggling to find reliable senior living information for your mom or dad. Didn't call or go online to get the free help you need during this turbulent time call now 8046775. Perry. 8046770. A program called the C rent not quite sure what it is or how it works maybe you can help explain to us thanks very. He read is in new product that leader being so offering it's a way for lay in the words to collect their rent on their investment properties from their tenants on line. And what we love about it is it makes a whole process the. So once Tenet sign up there rent is automatically deducted. And from the inspect counting deposited into the wayward bank account you got to wait for the check to I don't and they don't you don't have to wait for the check to arrive in the mail and what's tenant sets it up they can set it and forget it I don't have to think about it again for another year so it's a fantastic product and we're actually. Exclusively available from leader back exclusively available to fork. Keep from leader banked and we're waiting defeat to in the brings their bank account two liter Coke. There's no cost to the landlord. And folksy fueled they have three family house in -- a year and a triple Decker in Charles and and and you're saying yourself have alike get out of the hassle of collecting rents and having to process the fees and take it down to the banking collectively you know have to worry about that he ran it collects your rent it's that simple. You set it up when the ten it signs up to via tenant in your building and the rent is automatically collected on the same day every month if you wanna learn more about Z rent go to the website www. Z rent dot net if you wanna have a conversation with somebody about the rent call 8776917900. Imagine not having to worry about collecting rent from York tenets to wonderful product for anybody who's in the the commercial real estate business Z rent dot net 8776917900. Exclusively available from leader bank. 8776917900. If you're thinking about retirement in the next few years it's time to make the big decisions do you know how to change your investments from a growth portfolio to one missionary thing come do you know when the optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page retraining guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Ford to kill securities offered through securities America ink member finreg as a PC an advisory services offered through securities America advisors and Barry Armstrong representative from an advisory group in the securities America companies are unaffiliated. Had boon here was the word about bank safety you think your money in the bank is safe. Don't bank on it a generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And shifted from lower risk to high risk for example did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders or be hit best. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Yet this vital new white paper now. Call toll free 800. 51960. To 71. That's 8051960. To 71. Find your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the UAT mobile is now available for free and iTunes AP mobile where the news gets its news. According to a recent survey conducted by January at the average cost of nursing home care in Massachusetts in the 134000. Dollars per year how quickly would your assets be depleted if he had to write checks to the tune of 111000 dollars every month while it's certainly ideal to develop your asset protection plan in advance like tends to get in the way if you or a loved one are faced with an unexpected nursing home stay. You haven't done you planning before you write that check pick up the phone and get some expert advice. A lot permit cushy new talent has put together a brainy guy for 2015. Called meaning for procrastinators. You cannot put off this call any longer called right now to get your free guide and learn how to protect your assets 8668485699. Don't impoverished your spouse or use at your kids' inheritance coffee you're free procrastinators guide right now at 866. 84856998668485699. Yeah. This is the plan mentioned exchange we've Barry Armstrong. First greens stay on top of breaking business news and balloon how to manage your money to help you towards a more secure future he'd still play initially exchange with the euros. Gary Armstrong. Very big show today thanks for too lenient about time I got my name on the show today that you've been here a long time here finally getting your ticket promotion from here here kudos. And there's no dollar value to that's promotion but it's now a character brag about it it's brand my helmet it's objects that now you're married through. Forget it forget though the ladies. And let any kind of just set the table for you if I may. Wells Fargo and JPMorgan Chase both came out. At 8 o'clock this morning. And announce that they had beaten there estimates and so their profits are rising earnings are rising their revenues rising. These are going the right way we also had pretty good retail sales numbers and we also had. Good inflation data. Despite all that good news the Dow is down 33 points the S&P is down four points euros at 106 golds at 1196. And oil. Is that 52 dollars and eighty cents. We will look big and all the data elite league we've got an hour in which to accomplish that we've got a lot to cover. During today's program we will be joined shortly. By a good friend of ours Steve Moore. Barb in this is he he writes for national review in the daily signal. Barbara Streisand thinks that the Obama economy is great it's Steve's gonna tell us what she's missing. I'm gonna ask you to take a stroll down memory lane do you remember. He football player by the name of Lawrence Phillips here's a name from the past. He's from Arkansas. He was a study plea to the University of Nebraska. And David he was a first round draft pick. The St. Louis Rams back in 1996 and he would have been first overall had he not been such a behavior problem. He had major behavioral issues. He got played with the St. Louis Rams for a couple years then the Miami Dolphins in the Barcelona. Dragons. In that 1998 and he came back he finished up his NFL career with San Francisco. And he played for the Florida bobcats. Montreal I'll let's and his last professional football job was with the Calgary. Stampede yours. And he will not be playing football ever again he's 39 years old which is kind of old to be on the on the football field anyway. But he is suspected. Of killing his cellmate he's been in jail he serving 31 year term. Four inflicting great bodily injury. Corporal injury to the spouse and false imprisonment and vehicle that so this is a guy. With a checkered past BC how many times at eight. You see a guy but just go down the wrong path to think of Aaron Hernandez and by the way that very day we still don't have verdict the Aaron -- who is in the they talk about a week's raid this kid can have made million this young man could have made millions and millions of dollars playing football. Instead he's in jail and he killed his cellmate when a surprise. The NBA just dealt a major blow to Coca-Cola PepsiCo. Has won the exclusive. Sponsorship rights for the National Basketball Association. Ending Coke rose 28 year run as the league's official sponsor wow. That's tough. The luckily when I think who is Coke and sprite Coca and spray your bathroom where I think of branding with the NBA for soda and exit I see sprite and also as a LeBron James but. I can imagine. It's probably going to be like and I bet they pitch Mountain Dew. Yet that's exactly right attracting mound due to take straight position that's right and PepsiCo has North American sponsorship rights with the NFL. The NHL and Major League Baseball now they grabbed. The NBA. The they got to believe and they're gaining on Coke they mean they've been gaining on Coke every year. For the last several of the industry as a whole is losing traction so that's the big pick got a if he ever dropped your phone. In the water in pool word you've been pushed into with the with your phoning. There's a new doo Hickey coming out it's called the wild tech universal. Waterproof. IPhone case. And the cases fully submersible. To depths up to thirty feet and for at least thirty minutes. How much would you pay for summit that day zero that would never used it in any capacity you wouldn't there. There's some of the twenty bucks. The deal while they're gonna use that I don't advice what your senior fisherman rate. Good investment if you're a fisherman here if you're if you're a boulder in general. Good investment it's feel weird want to prevent them profits. Where. You never friendlies behaviors that before your time you know I remember from did you have running attempted grown up. What could have from these originally I can't remember it was a from entering the years ago you were called friendly shut down. Kind of in the middle of the night if you will very unexpected some locally stayed open. Well they eat they shut down prone 50% of the story. Known back through for years. What they are opening. A friendly's ice cream at terminal a at Logan Airport. And this is kind of I'd say they re emergence. Of friendly's ice for the first time leader trying to. ET to get his. You get to get back in the mainstream if you go to the airport is a Smart move because he gets. Friendlies. On your mind right here yeah I think it suits them like seven million people travel through Logan Airport every year. So why why would this through that like people eat it all weird hours and airport in our enemy out of people won't think twice. Having ice cream like 7 o'clock in the morning right now it's just IE you know you hope they're from Wilbur them. Indeed if you drive out on the pike. Go on west you'll see where your in his own right I think my I think in Walpole. Our grub or town I all right we have won it's now a dunk. And on our tickets and want pour. As well it there's not many of Roma. Nominee Obama. Had you booked your summer vacation yet have you in a lot of people plan plan to go down the tape. For their authority should or maybe you're thinking about going to Martha's Vineyard. We're Nantucket. What is his web site. That. Handles a lot of those bookings and with that pick is the name of that website is we need a vacation dot com. All right and this winter has been so difficult. That Cape Cod. Bookings. Are up about 10% from last year Martha's Vineyard bookings are up 11% from last year in Nantucket bookings are up. 18%. From last year now if you want a waterfront house. In Dennis going to be three grand week. If you want a large waterfront home in Foster villain Oster those kind of me. Upper class as it is that's a pretty nice part of Cape Wind off of a 101000. Level a week. Now if you were to be a few blocks off the water they go for a lot less money that's common people spent the day three grand ten grand a week. For their vacations this summer. The economy must be coming back because they would be spending that kind of money in the wouldn't have that kind of increase over last year if if things were starting to improve at least a little that. We talked about Lawrence Phillips and about Domino's Pizza every there'd be fair that's a big time college favorite. Now do you still like it and he went a local brain always always. They beat than a pretty good job turn things around it I you know how to save the story for America really wanna talk to Steve Moore. He's got some strong opinions as it relates to Barbara Streisand. Steve Moore from national review joins us next as a relates to the economy and its recovery. Improved battery in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange and network. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that it is only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will allow you to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide we'll teach you the fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Members and I see and I think that if America I am happy and it armed group and companies are not eaten your act and act and investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposit or CD leader bank is currently offering an eighteen month CD with an impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call eight. 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917. B 900 to learn more with the bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings rates subject to change without notice member accuracy rate effective November 4 2014. Hi I'm Joan London and appear worried about your parent or loved one living alone like I was. And you want reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. Even important financial information they had. Obviously researched every place not just given meaning us they found me a place for which she could afford and it was magnificent. Where now. Very confident that she's safe and they just helped every step of who can't thank them and so you're struggling to find reliable senior living information call place for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information for your mom or dad. Didn't call or go online to get that we help you need during this turbulent time call now 804677530. 804677530. I think the latest business and financial news in your pocket and at your fingertips download our mobile lab by surging financial exchange show when they're Google play your iTunes stores this is the financial exchange radio network. I can do pizza poll here. Now he can't go to your local place in life peaked. You're relegated to selecting. B three between Domino's. Pizza Hut. And Papa John's those years only three places you can order pizza from you're having people over to watch the playoffs it's Saturday night. It colony in you have to pick between the three. Pizza Hut Papa John's dominance which is it going to be permanent or dominoes just due to familiarity I I don't even. Pizza Hut Helm Morgan Stanley says the same thing yeah or a Stanley says. That dominance of by the way is opera opening hundreds of more stores across the country they they are the hot. Item as a relates to pizza. Their opening up a lot of stores. They opened up 18100 stores in ten countries just in the last four years. Now Domino's used to have the reputation. As being that crappy pizza when I really think about pizza. I would never ever ordered Domino's. But the pizza changing them much through the years and all they did that he thought there was stigma with they eat they had. The old joke ones that there that blocks tasted better than teams. Isn't sold that. That's how bad Domino's Pizza used to be back in the old days in the last five years they innovated the product. They've got a little better marketing general that'll ruin the market that CEO's the tremendous character and company about taillight you sure like the guy if you're stockholder. Because just in the last year it's gone from 69 dollars this year denied. So you but this. If you're Smart enough to buy it awhile ago you made some pretty good money. The market is huge market and turn around and big investment in technology mean it every time I have had to order. It was all done via Smartphone in seconds I'll bet you Google that the ETV. If it's. They did pretty well made it in terms of their their their branding. Yeah and their recognition. Of it pretty good franchise to kill them you know you'd. You by Domino's franchise wouldn't be real it's not like a McDonald's it's gonna cost you 23 million bucks to open you could probably open a Domino's franchise fair. By the gas. Under a million dollars you should go into a dominoes with them dumb question I just literally think they'll regular. Our own thinking going to pick it up here you pick up your own you what right down the street from. Now on route winning in Korea washing treatment like yeah you can go in there and I particularly want to corner. Yeah yeah thanks. Anyway I tell you the if you look at per franchise opportunity. That would be what I would consider I think there actually pretty good product. JetBlue. Is taking a different approach to the winter storms that. Idea would dare doing. Which it's seems counter intuitive. Is it the fifth largest. Airline by passengers. And what they do is they canceled their flights sooner. When storms pummel the US northeast it's a tactic. That may help customers reach destinations. More reliable this according to an analyst that was done by Reuters. They scrapped some flights hours ahead of the storm and that allows them. To reallocate. Planes and crews early out of this is ever happened to you it's happened to me. You'll be sitting on the tarmac. And you can't get off the ground because the weather and the crew they timeout meaning that they don't have enough. Time to make that ball flight because they've been on duty to law. Well jetBlue what they're doing with their businesses they're saying look this is going to be a bad storm we. Pretty good I have a pretty good idea we're not going to be able to make it Torre canceled flight twelve hours thirteen arsonist here's what I like about it. But I like about it is you don't drive all the way to the airport how frustrating is it to drive to the airport only to find your place in the six hours late we've all done it. Right you've gone to Logan you've gone to Hartford you've gotten into LaGuardia. And yet there in years he looked up at the board is says delayed as the the scariest. Letters that you. News there is word you'd see next here like especially when it doesn't say when it's delayed until. A jetBlue trying to get around that canceling early also spare travelers unnecessary trips to the airport and gives them more options to rebook compared. With cancellations that take. Place at least a minute. Early cancellations reduce requests for refunds this according to the CEO of jetBlue the the flights and being canceled anyway when you've got whether they're stock. It is I don't know pretty good stock to law by you could've bought jetBlue stock. In the last year for as little as seventeen dollars and 61 cents a share try to remember I bought it within the last year and to get paid. Thirteen of fourteen dollars this year it's right now trading at 1967. This year saw actually the same question Dave. Airline. Oh lead and it if you had to pick jetBlue. American in US there at the same now. You've got delta Hoosier select I've traveled that much press and like southwest in mention them I like them I'm. I will grab your call and Lou seat that Steve Moore joining us. Right now the Dow history disease that when I reported last was down. It's now up 31 points and 181008. And the S&P 500 is that 2092. All right well the headline reads Barbra Streisand. Thinks the Obama economy is great. And I guess she added emotions and economist in you worded Barbara Streisand study economics the. That. Enemy is she thought this. Article out oh you know while the economy is duly elected and improve note out about it. You know the idea that he's about salad days in the Baltic news. You know it's. It is a lot of people go out that'll come. Are still. You know. Out dollars mine where they were. Out at about. And the other thing of course last. A week in Africa we got these terrible job numbers out or. My a arch right. So I thought it was you know. It Obama like better about. That is you know trillion dollars that you note that breaker outrage and there's no explanation of that policy. Well when you look at it that the Reagan recovery we've we've created in this recovery about eleven million jobs that it should have been closer to eighteen shouldn't. If you're exactly right we we are 6000006. Million jobs. Hi in the case of where Reagan want that this state recovery and outlook every recession mr. Burton every recovery is different but you know there though the Obama. Economics team have to explain why is that they've given America the week district operate from or are sent them just great to Russia and you know I haven't heard a good explanation yeah I was terrible recession that as Obama an error that know much about seven million jobs a lot yeah. I usually when you have a very deep recession and you have a very speedy. Recovery and we just happen. While because you raise taxes you increased regulation I'd like look good look what he's done to taxes he's raised taxes he he brought back the payroll tax and easiest. If you look at the tax increases its small wonder that Lee we've recovered at all. Well the biggest acts Ike was the one that was aimed at the reg but it was its back on investment now so. Basic apple gains and dividend taxes I. Now you look if you tax something you get lots. Last week orbit nearly act embarrassment at all surprised that. And that's that has been very weak in this recovery and you need there's an assist to and doubts. I'm there have that kind of jobs they create the growth eight and and Ornette that we would normally. Hey Steve I've been having a debate with my audience all morning and maybe you can help settle. You're a conservative you're Republican insider. I think that a lot of the Republican presidential candidates including the leading ones like walker and bush did to lead dog from what I can see. I think they're gonna both be in favor of increasing. The number of each 1 B visas am I reading that wrong. Well I shortly that's certainly something I'm very strongly. That we need. I feel that Brady axe back alt you know we we have the opportunity in America do. Track not in the right that's yeah. The most delicate people on the war all side. There's this executive or whether it's computer scientist or other you know some of the greatest possessions then medical. Diagnostic. But that's a Republican mandate isn't it in that they would go wanna go from 85002. Like if if Ronald Reagan right office would he increase that number to 250000. He exactly you're exactly right and we ought to be I don't think there's a gap what can you wanna watch the comment that started this mass or you know work and a key industry that we need. There's a shortage of highly guilt and Alan that the all of these are people. By the way linebacker jobs Americans you know American people are quite it. You know create jobs group error. Making American businesses more successful by bringing businesses here to the United States that are. Yet it's a work in the United States that this is moved to where the workers. Two I don't like labor is in Delaware electorate and in not you know look. Think I'd immigration that anyone who wants to come here it worked hard and I had which really what the American dream as a well. A paper that now I don't I don't Aybar giving you know. Steve we have a get out on the north heartbreak but thank you for joining is that banks are settling that debate and beat up all morning thank you. If Steve Moore joining us. It's Barry Armstrong in the financial exchange on the financial exchange radio network. Investors searching for relatively low risk investment that can easily be converted into cash. Often turn to certificates of deposit or CDs leader bank is currently offering an eighteen month CD with a impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014 Perry are strong here and I'm joined today by. Estate planning attorney Todd what's from the law firm of Cushing handle and with your financial exchange quick tip of the day we're talking about the top ten reasons to have an estate plan. But let's talk about number four if you have a child that's not really responsible with money. Is there a way to protect them from themselves when the paired up talking about the spendthrift child you know the. When it you know the the in my children via some of their money in their pocket they burn through it you know I agree. You wanna protect them from their future creditors whatever they may be. Going forward I mean into giving them an allowance as opposed to lump sum yeah you know figure out how the money can be accused these artists raid on them overtime and endured in a way that. And trust can do that so that they're protecting them it's that themselves from their own creditors. If you just at today with the estate tax exemption as high as it is which tend to be leaving more and more assets to our to our family. Because less is going to the government well we wanna make sure we leave it to them in a way that won't hurt them. So keep them productive members of society so an and quite frankly. The biggest concern I have sometimes is future divorces. I mean if you don't you know half a million dollars in July your child's hands and they get a divorce five years after you're dead. They're gonna lose half that money on a good day. Put it that trust the trust does a lot more than just probate and avoid taxes these days it can really protect your assets for your children's from your children's credit. That's reason number four for you'd have an estate plan. Call now and received his brand new guy from Cushing handle the top ten reasons to create an estate plan. 8668485699. That number again is 866. 848. 5699. Call now 866. 848 5699. A state in asset protection plan and can be overwhelming where do you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk about the law firm of Cushing handle it in creating a state planes for folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion when it comes down to a state planning do you need to revoke Coble trust do you need an irrevocable trust and what's the difference you needs an expert advice and they put it together free guide that will help you decide the best. Plan we view this free guide the differences between rebel global and irrevocable trust is yours for the asking call 8668. Or 85699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle it right now to get this free guide 8668485699866. Eight or eight. 5699. Hi this is very Armstrong from planet to exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from local institution that I trust I owned gold and I bide my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and central swear Cambridge bank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin programs 8776917. B 900 or visit leader bank dot com leader bank. A step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and out. You can woman coming into show business and financial. It's a financial exchange with Valerie Armstrong on the financial exchange radio network. Okay here's. Applause for twenty bucks a year you can subscribe. To the national review and when you subscribe to the national review yet to read Michael Barone anytime you want. Like that they that's that's why you subscribe to the national review it's a bargain. Twenty bucks a year Michael Barone from the national review joins us today on the financial exchange I don't Michael. Well I'm doing well you catch Leon Washington examiner dot com to those doll I'm very grateful that the initial review as well. We area we we appreciate your I was agrees and Buddy Guy on the program today and thank you for donating your time because. Never guessed it compensated they don't get paid in cash to get paid clicks. No no I gotta pay you know. The help us with the the primary season so far I see Chris Christie looks like he's about to throw his hat in the ring is that correct. Well that the F the FDA at some he's the idea Chris Christie bought the body found something. Over the last years so it's. You know the Republican candidate they're doing. These elaborate announcements with. With the audience's enthusiastic audiences. And crews that Liberty University. We saw Marco Rubio with the Freedom Tower with so and Paul at the golf house hotel on logo which is decorated. Last time I was there chemist steamboat got. To orient yeah I. Says the last place in the world you wake up with a hangover yeah but. Yup they enthusiastic. Crowd and we had this kind of odd video that we got. Announcement for somebody who's running for the democratic nomination I forget. He shall not be mentioned here that day that that's a no no on this station Michael all they have. Do we just referred to in her as the which spot. I think you know you're gonna claimed next cheap shots certain way that is putting your messages that quarters and Salem news. I'm not gonna suggest that. Let's talk about the candies does Ted Cruz the he's raised a lot of money he's already got thirty million bucks in the bank. Well the crew has gotten it looks like something of a bump in public support. Announcement is that you know he has attracted serious support you. He is they've very Smart guy and appellate lawyer you'd. Alan Dershowitz professor of law at Harvard Law School. For many years and pit crew is one of the five best students he had in thirty plus years of teaching law at Harvard. Pretty pretty good testimonial. Yeah I think I mean the guy is brilliant and now I am so darn money. You know he has a what I would call kind of I heard it approached it issues she's in these states. Opposition sometimes and provocative terms and he sticks with them and and so forth so. You know you've got him as a candidate you have Rand Paul who brings. His own personal approach to that which is you know somewhat like evidence father but non identical. And kind of more of a libertarian outlook fees he talks a lot about the criminal justice reform which. A number of conservatives and Republicans as well liberals and Democrats talking about it we. You know sending too many people wait too long mandatory minimum sentence then maybe those were necessary. In these early ninety's we hit hugely high crime rate. Now maybe not so much now that we go much lower crime rates so he's he's talking about some interesting thing I think he's moved toward. The more interventionist less. Isolationist to use the term that he doesn't like foreign policy since the Islamic state people started beheading Americans and others. Last August there's. The public mood has changed some orders generally and among Republican primary voters and caucus goers. How can they know every little rubio last night in and ESP audience undoubtedly many people. Miami Cuban background. As he has. You very enthusiastic and distorts and it twisting. Republicans have too many candidates Democrats have to view. What about Scott Walker went to see jumping. Well I think he jumped in sometime between now and June 2060. Not you obviously. Besides. He is you know he's pretty clearly running he's out there making speeches in various places. I think the one of the things that Scott Walker needs to do. And I think all the Republican candidates do some simple walk perhaps more so because. He's not been a member of the US congress and has not been contemplating casting real votes on foreign policy in defensive. Is get up to speed on foreign policy and defense. Mean the president has greatly way to do things on foreign policy and defense. Greater than other areas were seen President Obama take advantage of that. To pursue a policy and land which clearly a majority. Of the congress significant substantial majority don't approve well. Substantial majority the American people don't approve of president has that latitude and leeway to some extent. He has so it's important for these people accomplish learn more about this. And I think walker as perhaps is somewhat steep learning curve about facing him this foreign and defense issues. Candidates who served in congress but they all that more work. What do I spent any time would Jeb Bush. Yeah I've spent time over the years with Jeb Bush and I think Jeb Bush. Arguably I think you can make the case that Jeb Bush has been the most successful and productive conservative governor of the American state the last twenty years. I think that what he did in Florida with cutting back taxes and bureaucracy. Improving education spreading education choice. Far and wide result that we have highly increased test scores in Florida including from it coming from distant thing in home. That is a great set of achievement to chip pushed it he worked hard you worked diligently. You know been the case against him is. There was a while ago he left office to the end and nice to see a slackening of 2007. And there is something bizarre about contemplating having three members of the same nuclear family lived in little house that I drove past in Midland Texas. As president of the United States. So of those five rate that's who you have on the docket right walker bush. Late editor Chris the six if you've got Kristi. Well you've got Mike Huckabee you get Rick Santorum and so forth. Yeah I don't I don't look at Huckabee and Santorum is being viable deal. Well I think that Mike Huckabee is that can carry the Massachusetts primary analyst the put it that would. Got grit and gravy which is some of the title of his latest book. You know Massachusetts was founded by people seeking god with grit and greatly. At least of the sort that Huckabee is contemplating. And that message is that it is a boil man. A player who's popular in New Hampshire which is more important than Massachusetts. Is take group's new Obama there. Well that's interesting and I think you know he go live free or die you know yeah. Which the model of the state he attributed the founders of this state which is that of the New Hampshire column which is not true I think it's. I believe a guy named John Armstrong who was coined that phrase in the during the American revolution. But so you're this is maybe more upon massive New Hampshire. Information that I am on that. Oh they will be in they'll be texting me momentarily trust via RX numbers X 86 so I and you're my second. Conservative to join me on air today when asked you about the H one B visa issue your from the government right. Of these candidates who would be in favor of those six candidates that we think that I think are viable. Which of those six would be in favor of raising the quota from 85000 to a much higher number. As far as I can tell I think all of them would either favor that are being open to that you know I. I'll tell you where volume on this position I'm in a lonely spot in that he has and what do we have quarters and I skill immigrants anyway yeah. You know I have implicated in Washington examiner in the national review that we got this system. Got a leak. And the link. Immigrants with employers to win the twenty. And that enables some employers to hire people with perhaps lower rates than it would otherwise you compete with American workers. I don't really think that got greatest idea I think the idea that they've got a candidate in Australia is a good idea which is they'd they'd they'd allow immigrants to come in based on demonstrations of high skilled. They've got high skill immigrants know what. Australia in candidates have improved higher percentage of immigrants in their total population that we do they have. They've had more economic growth. They have had higher test scores than we do. I think we should learn something from Australia and Canada and I have to tell you what commit one Canadian diplomat told me to. This person said please. Please do not adopt our community. If we want those high talent people in Vancouver and Calgary and Toronto and Montreal. You don't want to Lawrence the United States. Because it's a benefit our economy you know we've we've I think we live in too many low skilled people I'm. Family unification that an unintended consequence to pick in the 1965. Immigration. I think that we let in too few I feel people I don't think we need time to employers. I think we should let high skill people come to this country and make their way in something that we call the free enterprise system. I am I mean what you're saying contribute. Not just you know get knocked down wages for Microsoft. But have them. Make their way and make here. Creative contribution. I that the benefit everybody. They start a company. Dobbs by the way you das live free or die general John stark. John stark thank you for the correction the act say I Armstrong has been getting your name and that's all right that's and I'll take credit I wish I'd said. I wish them well it's agreed saying yeah. Marked by we have the we have to run but thank you for joining us thank you could do it. As Michael Barone U in my wanna do Davis if you didn't post that article on our FaceBook page he would appreciate you get a few more flex and go from there. That's a second guy that's the second major conservative Republican operative who has told us that Republicans would be in favor. Increasing. And I'm capping. The number of H one B visas that are available to foreign workers is what put that out there yet gave me a lot of grief earlier in the program on that very topic. And I beg to differ when we come back we're talking about which states will not tax your retirement. Yet the market updates hey I'm. And here on the financial exchange in the financial exchange radio network. When the time comes to retire don't just roll over your employer plane into an -- when you've been saving in a whirlwind K for a three beat profit sharing plan or money purchase plan you generally have several options each of which has its own advantages and disadvantages if you're entitled to a pension your employer will provide you with various choices or how you would like to receive your balance did you know that if you have company stock in your retirement plan there may be substantial tax savings opportunities for you to keep the employer stock rather than just cashing out and rolling over the proceeds to a hiring -- -- making available free guide that will help you learn about distribution options from your employer retirement plan assets 8669579902. That's 8669579902. Security topic it's pretty American member of an SIPC advisory services up with the securities America -- Gary Armstrong represented our advisory group in the securities America companies are not affiliated please consult with your qualified tax expert for any activity concerns. Probably hurt that if your spouse goes into a nursing home your primary residence is protected but did you know that it is only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will lie to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to the state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you. Fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. A state in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk about the law firm of Cushing handle it and creating state plans for folks in New England. For more than thirty years and they can help you to with all of the different types of trusts available I can understand the confusion when it comes down to a state plan do you need a revolt global trust do you need an irrevocable trust and what's the difference you'd need an expert advice and they put together three guys that will help you decide the best plan we view this free guide the differences between rebel global. And irrevocable trusts is yours for the asking call 8668. Or 85699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle right now to get this straight guy 8668485699866. Eight or 8569. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposit or CD leader bank is currently offering an eighteen month CD with the impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EPY call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit is open and earn annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings rates subject to change without notice member at UC rate effective November 4 2014. The struggle for everything business and finance it's the financial exchange with the on the financial exchange radio network. The gratifying. From kiplinger's magazine. Payment Kimberley complained and wrote an article and posted yesterday. And it's title is which states won't. Tax my retirement income. And you hear something like that and if you're from New England you say to yourself we meet it will tax my retirement income as is that you and does tax your retirement income. Seven states do not impose an income tax will be run those states down and Alaska. Florida Nevada. South Dakota. Tech six Texas Washington. And Wyoming. Several other states don't tax certain kinds. Of pensions or retirement accounts or they give special tax breaks to people who were 65 or older when those states. Mississippi. And Pennsylvania for example do not tax. Public or private pensions that you could retire from rape. Or IBM. And Pennsylvania. Will not tax your pension or distribution. From retirement account. New Hampshire and Tennessee tax only dividends and interest and both have special breaks on this income for retirees for example. New Hampshire. Exempt 12100 dollars of it from taxes for people that are overeat 65. In Tennessee exempts it for people age 65. And older. If there income is 33000. Dollars or less 59000 dollars. Four joint filers. Minnesota and Rhode Island most states don't tax Social Security. Frankly the federal government should tax it. Most states don't tax Social Security benefits but Minnesota and Rhode Island do tax Social Security matter fact. They tax it up to 85%. The same as the as the federal government so be aware of that. The New England states the most friendly New England state from a tax standpoint. Is clearly. EU. US any tax person our tax accountant or tax attorney in you say to them OK I wanna stay in New England is my family's there. Going to be in Rhode Island. You'd need you don't wanna retire and Rhode Island from the tax standpoint. Thought Rhode Island and Connecticut are probably the two worst states from a tax standpoint and all New England. Followed closely by Vermont Massachusetts. And me. All of bury bad states for retirees and attack station perspective. The only one day you're gonna get a break on. Is. Good old New Hampshire Mountain State would have you wanna call it it's a beautiful state in the that that's. The only place where you going to get a break. On your taxation which you have those retirement yours now I think that just hit the wires that I want to try to fine for you. News. Governor Christie's proposal. To overhaul Social Security benefits he's in new Manchester, New Hampshire. And this is just a hot off the for a class you'll be reading about this tomorrow. Rush will cover this on his show tomorrow. As part of the Christie plan he'll propose phasing out Social Security. For those making more than 80000 dollars in other income. In eliminating. Social Security. For make those making 200000 dollars or more per year so let me just help you understand what that means. Let's say UC really hard in you've got 80000 dollars a year of income coming in from here. Tension in your dividends. In your interest in your coupons on your bonds if you're you're making 80000 dollars a year Governor Christie wants to. Decrease your Social Security retirement that not the tax stolen taxi. You're still gonna pay into Social Security system. That if your retirement income is greater than 200000 dollars a year in let's say your your your retired as a doctor right. And your income in retirement as there are 25300000. Dollars a year. Governor Christie is part of his platform to modify. And fix Social Security. Would be to say you know no no even though you paid in. Hundreds of thousands of dollars to Social Security during your forty year career as a doctor. We're gonna limit we take it back to change the price I can disappear. Hillary. Campaigning against Chris Christie on that.