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Full Show 5-31-17

May 31, 2017|

Full Show 5-31-17 by The Financial Exchange

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

This is the financial exchange with Barry Armstrong and chunks of you're exclusive look good business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Well everybody has to have a place to live. In the population. Of the United States is still growing albeit at a slower rate than in the past. Yet pending home sales declined by one point 3% during the month of April hi everybody it's very and shock. On it winds state where we have to report some what I considered unexpected information I actually expected. Pending home sales sharply increased by point 5% that I thought we are gonna start to see some new home construction. We're not seeing new home construction at least not enough and pending home sales are on the decline due to from what I can gather the shortage of inventory. Yeah that's that's what appears to be in Lawrence young who is the chief economist at the National Association of Realtors. This is his quote much of the country for the second straight month saw pull back and pending sales as the rate of new listings continues to lag the quicker pace of homes coming off the market and so. The big thing realtors are saying look we have more foot traffic than a year ago when we just don't have enough properties to sell. And the problem is what you have inventories that are down 9% from a year ago so it from my perspective if inventories are down own 9% from a year ago. But the number of sales were seeing is only down 3.3 percent it's still a net positive more the homes on the market are being sold. Which don't have enough homes on the market would what will cause homes to come on the market I mean it will it like I have a friend. Who I dinner with a couple weeks ago. And a realtor literally knocked on his door and said look. There was a bidding war earlier in the house down the street in the suburbs and we know if you might wanna sell your house you knocking on all the doors. And and so my friends again I'd I would consider selling he got a higher offer than the house a few doors down. I mean at what weight is there enough incentive. For people to list their homes or is it simply a matter of I talked to another friend who said. I'd sell my house and I'm glad that I can get you know 700000 dollar from my house but I have nowhere to go. Think about who owns homes at this point if you here's how you can have to look at it. We're not looking at millennial cell that's just not happening in general we know most millennial don't own homes right now. The two groups that own the highest percentage of homes you know gamers boomers. And the greatest generation of World War II vets that the ones that are in the eighty's and ninety's at this point OK that was your two highest homeownership groups. The ones that are in their eighty's and ninety's they're not selling they don't wanna move okay those homes are not transitioning. Until those people passed away. You'll get your boomers want them want to move a lot of them want to downsize but they can't find anything affordable to downsize into Africa and I talked to a lot of my peers that are boomers. And they say you know kind of like with the here you know let my kids like me a hard time we live in a unit of the house that we raise their family yet. And it's got a big backyard. And cool and it's it's just a nice place to live right it's scenic it's I just like it. While I'm ready to sell it you know I just I like living there and I don't wanna move into a small Condo. Even though I don't need all the space in so from my perspective until one of those two things happens either look you have people in their eighty's and ninety's that are passing away. Or you have boomers who finally decide they want to either move or downsized. I don't know if you get more inventory coming on the market is keep in mind the lower inventory the stuff we have is the first time homebuyers off. That doesn't open up until those first time homebuyers go and buy their second home of bench right you know so. It's it's kind of this cascading big insult to have somebody ready just pops up with upgrade it may be exactly so that's what I think that you're seeing here. And when I have noticed in and night I don't have any statistical analysis to back this up. What I have noticed Turkey's. You know two or three years ago it was the houses that 3500000. Dollar range sell like hot cakes. That it went to five to 700000 dollars what I've noticed in our community is anything under. You know a 1000002000004. Is selling like crazy. Yet the real high stuff right to three million dollar homes still unity of the patients on the other thing that's a little bit under reported and all this. Is the rise of air B&B as a means to monetize your home without selling. Okay did previously let's say that you want it to go and rent out your property okay. The web sites that you could do it on the they were more for a longer term rental oh you're talking about here is DR BE RTO basically things like that. I think what air B&B has done is it has allowed people who previously might have sold a property. To continue to hold that in rent on a short term basis and in selecting that's taken some inventory off the market as well as I know people who have done this so all the inventory levels are declining. It begs the question. Why are developers not jumping in with both feet saying eighty. On to build fifty homes seen in in in in town and and and solemn for half a million bucks each. They can't person that cheaply. Now I think between the cost of labor which we've talked about the shortage of construction workers cost regulation where the average home now has about 80000 dollars and regulatory costs in the have cost the land just because there's not that much land available in the places people want to build now. I think it's very tough to get to the price points that people want to get to at least so that it's profitable with the margins that builders want. Builders to build 30400000. Dollar homes. But it's it's low single digit margins not the double digit ones they want five or 600000. Yeah it's we we break it down by region and across the United States. Pending home sales down one point 3% in the northeast though they were down one point 7%. In the midwest they're down four point 7% in the south they're down two point 7% the only place that pending home sales were up track. Was out west in Europe five point 8%. Yeah it in the surprise that's vs last month. That that that surprised me I guess we did have a Porsche going out west last month I know I remember that the numbers were a little disappointing there but again inventories of 9% below where they were a year ago. Yeah that's that's the big thing that I look at is there's no inventory on the market. Everything that is out there. Get snapped up quickly I continue to kind of watched things in Somerville just CF Urals town you know move even as I'm in the process. Of closing on my place there. I continue to walk exit on in less than a week you know and and you're talking this I look out there at the inventory now. There is nothing in that town below 600000. In summer there's no like this I think out of the properties that I looked at their may be two or three. And it's just everything is getting beat up into the sixes and seven hundreds are Paul. Question today is do you think we are in a housing bubble. That's the ironically. I talked to a lot of real estate agents who think that things have just gotten out of control they they don't make it. Now maybe it's because they're losing out on on bids or whatnot but he needs. I've got friends that work is as real estate professionals and they think oh they're wearing a ball. I I don't think word bubble just because I consider the cost of construction and I don't see any reason to believe a lot of new inventories can come on the market. But it left to know what you think. Do you think we're gonna housing bubble that's our poll question go to financial exchange show dot com if you care to participate. In our poll. I just. I I just. I I. I worry a little bit. About the housing market for. New homeowners. You know for people that wanna get started yep but I think is just gonna mean that they're gonna have to sacrifice more than enough to take second jobs. They you have to reach out to their family to see if they can borrow money from their families in order to come up of that down payment. But it's going to be tough I think homeownership. Levels. Are gonna renamed it what do we have about 63% now. In that ballpark I think well I'll pull the stats but it's somewhere. In that range. Somewhere around 63 we peaked out around seventy sets 67%. No gave back Ian. That early two thousands today we're 63 point 6%. Now I don't know I am actually we've gotten so are we get up to 69 point two in 2000. The British pound is falling after a new poll predicted a hung parliament that threesome they called the snap election it's gonna be next week. It's going to be next week Teresa make I was talking to watch couple buddies of mine who were over there this morning. Teresa made by all accounts is run just a terrible campaign this year but apparently just cannot campaign at all ever won over theirs just saying look she's just not impressive she's not you know we felt we are getting nodded still dominant tell it it in unfortunately. Just he is kind of refusing to you know give any concrete specifics about some plans that some of the products and in some of the plans. Bricks that she's kind of committed to but some of the other things that she's recommending. There's one and that if this'll tell you just had different things are in the UK from here. There is a measure going before. There that she wants to propose and which is being called the quote unquote dementia tax okay. What it states is that if you have a relative A mother father who goes into a and he assisted living or long term care facility. You were then required to spend down all of not only there were asked what part of yours in order to pay for their care I didn't think that would be legal. If the world over there so you you've got all these things that are going on. And apparently it isn't it all related to breakfast. It is in everything. You know this'll I'm not I'm not sure actually I know that that's what people want to say but from talking to people over there. They say that she is just not campaigning on any local issues she's campaigning on Bryson and saying hey look here's what I want to do as far as Briggs it goes and but he's not bringing up anything on the local level in terms of hey here's the programs that we actually want to put in place and that's apparently turning some people off the. Dow is down 71 points crude oil is down a dollar 33 A barrel that's a surprise to me in gold trading up two dollars an ounce up next. We're be talking about robotics did they really eliminate jobs I saw an article. A share of the title with you not all jobs will be taken by robots. We're talking to Richard Eisenberg. From next avenue dot or to talk about robotics in the workforce that's next for march or match dot com studios. Like us on FaceBook and follow us on Twitter at TF he show you. Breaking business news is always first right here on the financial exchange radio network. -- state an asset protection planning can be overwhelming where do you start and how do you know what type of trust is great for you and your family hi this is very Armstrong and with numerous types of -- available a state -- can certainly be confusing do you need to -- oval -- an irrevocable trust and what's the difference between the -- should you consider a special -- trust -- like insurance trust what are the tax implications of each type of -- -- and -- an expert -- elder law and estate -- has prepared a brand new guide called -- and -- that will offer -- a roadmap as to the different types of trust that exists and help you figure -- which trust is right for you when your family call right now to request this free -- 8668485699. That's 86684856990. Can also download it right now by logging -- to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing -- all the same -- call now for your free -- 8668485699. Or get it right now -- legal exchange -- dot com. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill. Summary been driving their electric cars with free power from the sun I imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you think the state and federal tax credits now in your high income years then enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now at 3473085993. That's 3473085993. For a free experts solar analysis alternate energy has been serving new englanders for forty years called them today that 3473085993. Or visit them online at 800 DC solar dot com. Barry are strong here and I'm joined by. You know short of supply. Long on demand. And Jake for first time homebuyers with what is your message to the young couple heard just somebody's out there looking to purchase their first time home. Yes so you know for first time home buyers what we are telling men are a couple things one be patient. Yes you know we we see a lot of first time homebuyers who are making five and fifteen offers and Steve for fighting house now and offers except it's extremely. Okay. And so they have to temper their expectations oftentimes your they're paying more than the other half do. Paying more than the asking price and a yeah it is quite common right now in and in some cases they're actually having to to research other towns and rooted in. Considered first because. You know it's very can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes so we're really excited about this product we just launched it is called leaders thirty. And essentially what it is is that fixed rate loan from. Where if you sign up to pay your mortgage automatically electronically that everybody does for the first year you get to lower your interest repayments by one person that's very helpful offer because what it does is gives you break during that first twelve month period exactly so gives you little payment relief for your moving expenses but you still have the security of a fixed rate mortgage. Would I'd bot. A home. And when I've refinance my properties have always used leader bank near terrific bank you can call ample free at 8776917. B 900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Security suffered two securities America each member finreg SIPC in advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's our daily poll question had financial exchange showed dot com. Vote your conscience and guard just vote go to financial exchange oh god come and tell us the way. We're talking about robotics and job elimination we're joined by Richard Eisenberg. He's from next avenue dot or Richard welcome to the show thanks for joining us. It I'm gonna just read you since the statistics and came across the in Gary in your article robotics and artificial intelligence will. Destroy five million jobs by 20/20 that according to the world economic. Form executive chairman Klaus Schwab. Eighty to 90% of US jobs will be eliminated in the next ten years Carnegie Mellon. 47% of US jobs or risk this is Oxford University. I mean it just seems like the stories keep on coming about job elimination due to robotics is it true or not. Of course nobody knows but I would. Say it is in most likely not true not that they that there aren't going to be robot. Patent and it was or even happening and it happened can't stop. Automation and moved on but. From the most recent research I've seen. There are really. Everything that into. So a lot old quarter at these earlier report that I'd like Palin and about that. Police say it because I've I'm curious also as to which industries are most susceptible to job loss due to robotics. Sure. So that I can put it strictly to that. I think the information technology innovations foundation. And what they say is they pick a good hard look at a lot of these predictions. Here predictions about robot I think over everybody's. And they say that they think these numbers are greatly exaggerated. You know they do believe that there're certainly going to be. Is in the world are the intelligence and automation but they think there's a lot of the logic and Rooney is in now for example. The one that figured you would respect the walk from Oxford yes and that was the pundits that 47% of US dropped at risk of being ornament in the next twenty years. Well when these researchers looked into that number with the I would say they believe that the U. They calculate what that was wrong. That it. And you know the kind of got to can't really be done by robots are as some models and then manicurist and carpet crawlers and barber. And by by their app space is actually more like 10%. Of the orderly occupation. Would be at the part of me so you know there's a concern but maybe not as much as we've heard. Have we ever seen. This much though in in in one time where you've got into like you think about warehouse jobs. They that you sectors that I am I look at say boy these jobs are gone on the way to go to a poor bird. Where if you work at a warehouse I'd be pretty worried in if you drive a taxi for a living I'd be very pretty worried about my long term job security. Op Levitt definitely agree with it where I got certainly any kind of job it is. Repetitive and doesn't require a lot of creativity. Is essentially repeating itself. That the crime that is most likely to be in danger. Other occupations. You know both factors include the robots that are on two and a it has the feel at peace and he's in there at risk our middle management. And legal and medical professionals that you might not think of legal and espouses one that would be ignored by robot as if what they're saying is. And some legal professionals spend a lot of their time. You know trying to find what is the most important cases. That are relevant to look it they're working well robot and Arctic pelican. They're probably do that well probably better and faster than humans can then he would. They've got to present in the earth are we expect it to be. At at risk are the ones that require. No. Human emotion human creativity. And the kinds of things that robot can do for me cashier. That they won that I think is that risk because it is sort of in the can be pretty automated. But. The kind of person who worked pedestal and fail Britain offered invite the people. You know that's a back exit there it is going to be in the future there may be if you restored. But there's been that you were wrong in any people they open final look at. Now about landscaper I saw a company can remember the name of the company but they came out with the law and an electric lawn mowers to cut your lawn at night. Kind of like the does the rumba you know the vacuum for your right you're right your house. Right thumb pick and I think it depends on what you're talking about in terms of what you need so the problem exists. Something that's gonna cut a long and and and that it. Yet I think it back immediately be done by a robot to the weight room but are talking about. Making your lawn in and the outdoors look really attractive in in you know beautiful way. And more than just the blue book is good last month with treason which. That's something unique people do I think. You know now. Well they IE I hope your right because I worry a little bit about you know what happens to all these people lead their millions of people that make a living driving. You know in and what happens is that thank you very much your timed immediately appreciate it Rick absolutely if Richard Eisenberg next avenue dot or are you. We we've seen it before I mean you know you go back what 120 years. What percentage of our population was working on farm. Is owed a lot more people that grow our food and does today. There's no doubt about it in those displaced people end up finding their way into other occupations the big thing that we need to deal with. Is the potential peace because I think that's going to be more rapid you know that the transition away from farms and being farmworkers. Happened over the last hundred years this has the potential happened over the next ten to fifteen and so. I think it's a great thing that we have this kind of technology available to us. But we can't leave people behind we need to figure out ways to help people who have been displaced. In industries where those jobs aren't coming back not because they've been outsourced but because there robotics. Okay and that's going to be the biggest challenge we face as a society. Over the next ten to fifteen years. Speaking of displaced workers in the neat Levin Dallas he was dismissed. When he missed a deadline set for him to comply with a court orders this according to Cooper now if it eleven doused if you forgot. Used to work for rule. He's alleged to have stolen some traits to secrets from Gould to set up a company called auto. Which was then shortly thereafter purchased by a Travis Carolina and Hoover. Now he's getting fired by uber. He is end up pretty much he did not turn these documents over. Hoover has not denied that Oliver doubts he stole alphabet files actually that pretty much said that they didn't know about it and that alphabet trade secrets didn't make it in any who were products. I think there's probably a pretty easy way to tell that you can examine the products and see if anything they were testing had these in there. But I think again it's this is another. I don't wanna say question mark is this the situations being going on for Gruber for awhile now that's going to be litigated. But it's this continues to be a black mark on the company in and I just wonder if you're an investor at what point do you get fed up with management today. Look we're paying you guys to make money not continue to run into walls for know with. So well this this could turn out to be. A mistake the the this could turn out to be a big mistake on the part of the CEO of Hoover. He was he there is an agreement in place to pay 680 million dollar for auto old TTO. Not all that money's been paid no. The and I am I'm guessing now not very much of it will actually be paid out. It coming up we've got a trivia question for you and we're going to be talking about Vietnam that's next from our insurer match dot com student. Making your Smartphone even smarter. Download no mobile labs like searching financial exchange shelf in nineteen Jordan who. Who played stores this is the financial Lidstrom radio network. This is a special announcement for a landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of rent date we see red leader banks all my recollection tool. 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If you work hard for the past twenty years and enjoy healthy savings account your and a solid position to enjoy later life hi this is very Armstrong saving money for your retirement is half the battle making sure you leave it to the right people is the other half beneficiary designations are not an afterthought while most people try not to think about what happens after they die it's important to set up beneficiaries properly to ensure you protect your wealth my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designations because believe it or not there can be complications call now to get your free guide understanding traditional higher rate beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website financial exchange showed dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated many of us are always thinking about security retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill. Summary been driving their electric cars with free power from the sun imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you dig the state and federal tax credits now in your high income years then enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now 3473085993. That's 3473085993. For a free expert solar analysis alternate energy has been serving new englanders for forty years called them today that 3473085993. Or visit them online at 800 DC solar dot com. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank. A step ahead hi this is very Armstrong planning for later in life is a definite challenge there a lot of factors that come into play especially when it comes to protecting your assets creating a trust can be an essential step to helping you through this process but what type of trust do you need given how many of them there are out there the law firm Cushing and Dolan are experts an elder law a state planning and asset protection and this month they've got a brand new guide called deep mystifying trusts which will offer you a roadmap as to the different types of trusts that exists and help you to figure out which one is rate for you in your family called right now to request this free guided 8668485699. That's 8668485699. You can also download it right now by logging on to legal exchange showed dot com don't leave your family's estate and assets at risk call now for this free guide demystify and trust 8668485699. That's 8668485699. Or get it right now by visiting legal exchange show dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match that's paid for for 99 match many of our listeners don't know home and one or two cars that that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers -- you can qualify for call insure a match to compare multiple rates and carriers and 84499. Match -- 8449. B nine match insure a match works with the leading carriers in the industry like your bella Plymouth rock and more their license for all types of insurance and continued time stress than money with just one phone call and one relationship. Called today paid for four -- 99 match or go online and ensure a match dot com. Street watch a look at the market's performance so far today and still buried in shock right here on the financial exchange radio network. Mike Armstrong joins us now. Wall Street watch my calorie today not bad herself. Doing well my market's down about a quarter percent in early trading what's the reason for. Correctly don't we just had some breaking pending home sales data that came out it looked a little bit weaker than it was anticipating a pending home sales dropped one point 3% in April and social movement of weakness in the housing market the addition there's been done concern that a Europe recently again about Italian Greek back. And impending elections coming up soon so yesterday European markets were down today they've recovered a bit but not substantially. But start over and talk about retail here. To retailers Michael Coors and. Yeah we've gotten. Been talking a lot about retailers Michael court or did they beat earnings per share estimate by three cents a share but their comps and source sales declined by 14% which was more than anticipated or planned to close to a 10025. Stores in the next two years the ticker on my course is Cahill are asked that stock is down three dollars. 23 cents close to 9% on the other hand. By nine point 9% on that news kgo ticker symbol JILL. Is up one dollar 27 sense over 11%. Good Mike thanks for the time like our strong time for trivia the late president John F. Kennedy would have turned 100 years old this week we're. Be testing your knowledge of president Kennedy. In which year did John F. Kennedy win his first election but not necessarily talking about presidential elections here folks. Our text number is 68681. Listener with correct answer wins a 25 dollar gas card. In which year. Did John F. Kennedy win his first election and again our text number in studio is 68680. Vietnam has courted in balance in terms of trade with us that the neatly by a lot of stuff from them they don't buy much from us. Yeah Vietnam at this point I'm pulling up the the balance of trade that we have here just historically. Take a look at it 32000032. Billion and historically that's grown pretty pretty rapidly over the last. Couple decades here but what we're seeing. Is that the Vietnamese prime minister said yesterday. That he effectively was gonna sign deals for US goods and services worth about fifteen to seventeen billion dollars during his visit. To Washington DC mostly. On the high tech side things a lot of tech products and things along those lines necessarily still make it. It is. So obviously good sign that you're seeing a little bit of demand for US products going to Vietnam. In this situation here. I'm not someone you know trade deficits the end of the day pretty much just means that someone can make something cheaper than you can yourself so I don't think it's a bad thing just on its own. But it is good to see demand for US goods here. You know it's the last day of may believe it or not. Doesn't feel like it. But it it's it's may 31 and since it's the last day of Neitzel last day or you can call and receive our guide called. Understanding traditional hire a beneficiary designations. And you know it's odd we spend our whole working career contributing to 401K plans for 57 plans and T assays and all number of different. Retirement savings plans. We think very little about who we're gonna leave that to delete your wife what you probably do believe that your husband yeah that makes sense. We'd do that after that what do you do once your window we'd do it if you're single. Tell you what understanding traditional diary beneficiary designations is important and it's complicated. I've written a guide that I think you'll find to be very helpful you can call our office and receive its 800. 3934001. I'll remind you today is the last day we can call and receive this guide regarding. Traditional hiring a beneficiary the phone number. 803934001. Or you go to our website and purchase and downloaded on the web site. Free of charge its financial exchange show dot com 803934001. Securities offered to securities America incorporated member finreg SIPC and advisory services suffer through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. As if United Airlines didn't have enough problems now turns out they're flying planes that are unsafe. Yeah they they taped a wing back together with no they didn't do that with but they did effectively. Ran into a problem with the Boeing dreamliner that they flew back Ian not 2014. And there was a fuel pump pressure switch that they had to replace. And the FAA requires them to inspect the plane after doing this kind of maintenance they didn't do it in effect they flew the plane twenty or 23. Flights. After this even though a couple of those flights were after the FAA came back it's that you need to inspect this plane before you fly it again they did not do that so the FAA. Is proposing a fine of 435000. Dollars. Possessive situation where they said okay. We know there's no safety issues here. We're gonna fly this plane anyway because taking about services and cost us more than half the blame. They sometimes you it depends what club of guys get paid at the penalty because you know the penalties less than the damage done on tickets. It depends what level of inspection was required by the plane is different levels of maintenance checks that are required there's a BC and as you go down the list they get more comprehensive. I don't know which one would have been required necessarily. Eight check okay typically takes only about fifty to seventy man hours to complete so Fiat five guys were on. It's probably pushed I would still. Check the thing you know like the big bat like of that and granted it didn't crash. But if the FAA's tone you'd do this they kind of know their stuff when it comes to airport you know there's there's a reason why. Air travel was as safe as it is it's because they were acquired these maintenance checks to be done. Well and it's safe knowing your flying commercially doesn't have saints safety when your flying prod no we've done all that again not at all. Scott Kelly stepping down as the anchor of the CBS evening news I can't tell you last time I watched evening news they liked it when I was a kid. That's what mom and dad would do they come home audio from work. And they would watch the evening news now we have two candidates it was. You know CBC with Harvey Kirk was her who you know are weaker that loses me use the they were hockey helmet. Now another hockey was generally topic in the evening news but here you know the real they used to be. I had the numbers that watched evening news were staggering weight when you went back 3040 years. Now I don't know with the numbers and alien but he watches I couldn't I couldn't tell you who the news anchors are for the other two networks got tallies with CBS. He stepping down. I guess as soon as tonight despite these last brought it. Yeah I I couldn't tell you what. You know who bit the major anchors are now. If you talk about evening news viewership now okay in the US. You go back to in the furthest I have back here is 1980 looks like so I don't even go back into the seventies and actually no 1980 saarc. Back in 1980 at about 52 million people who watched the eve. New news on a regular circuit so let's just do the math on that 1980 our population was probably 2220. Million. So you're talking about 25% of the population were locked in the evening news back in 190 yeah the population that was 226 million so it was about 25% the cell watch him. And it would be an even larger percent when you look at adults rate you'd be taught in Kelly 3035%. Of people over you know 25. Today OK in the most recent numbers that I am looking at on this charter from 2010 to six years ago and I'm sure things have changed since then. That 23 million people. At that point so you went from about 20% of people back Ian in 1980. Down to somewhere around 8% of people in 2010 it's remarkable being -- actually announced before all the major upgrades and streaming in 2000. If it's we're talking about 2010. You know the so many more streaming options now so I betcha those numbers have plummeted. But SeaWorld and that they'll receive like you know they have gone down consider our nation around seventy million. The problem is nobody wants to wait until you know 630 to watch the news you want your new life in news on your phone. There is like any time along that Twitter. Yeah I can't pull up any any numbers for evening news right now but I would imagine he's still gonna be on here he's just gonna do strictly sixty minutes just on sixty minutes right I mean any any thoughts on who takes his spot. I'll name you anybody in the third place network it's AB CNBC and CBS comes in there and it's a distance. Bill orally path. But now I'm annoyed speaking of former fox newscaster Megyn Kelly. Is going to be doing a Sunday night show along with the morning show that she's starting its ten weeks and in children's summer. Yeah and what they're are going to be doing on this show is she's trying to move away from politics and I don't blame. And not do quite as much with that focus and so. The show's going to be running this summer's going to be in that 7 PM time slot. Gonna have some different topics and they're gonna be more of just stay. Magazine showed it's not as focused just on politics there are some other pieces out there as well. And I'm curious to see what the what the overall format looks like and how it ends up. Turning out the first one's going to be this upcoming Sunday June force. And it's going to pretty much run until Sunday football starts up in early September. Quarterly. The with the appetizers Sunnis beauty you talk about professional athletes and how they're not going to be getting paid the same rate. What are these broadcasters are Macon you know 1520 million bucks a year. When nobody watching. You know how much longer that can be sustained it seems as if the financially I don't think the model works I I suspect she's got a tough time and it's. She she might have a tough time there was going to be interesting is what kinds of interviews she brings I think there's still is a demand for. You know this unique interviews with important people not just in politics but throughout you know the business world the route. Entertainment firfer shows that are willing Vladimir Putin. I think it's going to be very interesting to see. What she's able to do with a little bit more of an open platform as far as being able to move away from politics so it'll be kinda curious there. I think the biggest thing that you companies like NBC have to face. Is the move toward streaming they just might not have as many people watching here or they might just take somewhat content online and if. If it's good people will stream it in light of what happens a lot of the late night shows slight cold there right and Jimmy Kimmel lately people who just record and watch them later if they coming up we have stock talk we have the answer to our trivia question. That and more from our insurer matched up on studious. The battle over the Trump's agenda continues to affect the markets and get the latest info on the sectors that are benefiting and those that aren't right here with Barry in shock on the financial exchange radio network. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional -- raise an employer sponsored plans -- is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets onto after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but they're can be complications call now to get your free guide understanding traditional irate beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. Security suffered through securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets our friends -- the insurer mention agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match that 84499. Match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates -- carriers at 844 and 99 match let's 8449. -- nine match insure a match works with the leading carriers in the industry Laker bella Plymouth rock and more. Their license for all types of insurance and continued time stress the money we've just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com Barry Armstrong here and I'm. And by Jake too who's a vice president and leader bank and we're talking about the housing market. The housing market as you know. In short of supply. Long on demand. And Jake. For first time homebuyers. What would your message to the young couple hours to somebody's out there looking to purchase their first time home. Yes so you know for first time home buyers what we are telling them are a couple things one be patient. Yes you know we we see a lot of first time home buyers who are making five and fifteen offers two for fighting house to house and offers except it's extremely. Okay. And so they have to temper their expectations. Oftentimes they're they're paying more than other half do you pay more than the asking price and a yeah it is quite common right now in and in some cases are actually have active to research other towns and rooted in. Considered first because. You know it's very pat can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes so we are really excited about this product we just launched it is called leader thirty. And essentially what it is is that fixed rate loan. Where if you sign up to pay your mortgage automatically electronically and everybody does for the first year. You get to lower your interest repayments by one person that's very. Helpful offer because what it does is it gives you a break during that first twelve month period exactly so gives you little payment relief for your moving expenses that you still have the security of a fixed rate mortgage. When I bought. A home. And when I've refinance my properties have always used leader bank near terrific thank you can call them people free at 8776917. B 900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Barry Armstrong there. Chunks out of breaking business news every day right here on the financial exchange radio network. John F. Kennedy won his first election in 1946. After his father Joseph successfully urged incumbent congressman. James Michael Curley to vacate his seat and run for the mayor of Boston. The winner on this question was Kevin from Attleboro Kevin is taking home 25 dollar gas card shell as his prized. In our trivia contest date is brought to you by the Armstrong advisory group join me in Berry at skyline at water place in Providence on Tuesday June 20. For educational dinner. We'll discuss the market's performance to date and you're about tax efficient investing. And the state planning space is limited so reserve your spot today at 80393. 4001. That's 80393. 4001. Stock for stock talking we're joined now by Travis Miller from Morningstar. Travis thank you for coming along with us today. Traps we got a couple utilities here that we're talking about let's start off with southern company probably one of the most widely owned utility stocks out there. Are you bearish or bullish on this one right now. Well bullish I think that differently just on the market a little bit and this one's grown some Tehran so to speak over the last few years. Two big projects copper project that take alternative gas in Mississippi. And that runs it through the power generation. Unit at about three billion dollars over budget on a much of that and Landon shareholders' pockets come out of there. And that also they're building a big nuclear plant on the first nuclear plants in couple decades in Georgia and that also is a couple billion dollars over budget that. Is partially gonna come out of shareholders' pockets so this is a big value opportunity here that we typically don't see. In a company like southern he could afford half percent plus shield and we think you get period after 4% growth. And then this strain and discount to the rest that groups of they can get through some of these issues then you have some upside on the stock price to. What is the Al potential downside years it further cost overruns on some of those projects. Certainly the U Vogel nuclear plant on unknowns that are in the news recently Westinghouse. Had been my main contractor. Filed for bankruptcy there. Order a part of Toshiba. And Toshiba has its financial struggles here over the last year or so primarily because of Westinghouse. So the big question is whether Toshiba and look all too. It's. Opportunity and they and its claim to support. That nuclear project. With Westinghouse. Way over budget. Is the Toshiba potentially up facing a a bankruptcy problem of their own as well. Yeah there's Westinghouse thing in their Westinghouse's doom both the southern. Planned as southern company plant also scandal play in the South Carolina Oka and they've they took both those projects are several billion dollars. Over budget and that's gonna put stress on the balance sheet not just for Westinghouse already declared bankruptcy but for current Toshiba because Toshiba is guaranteed. Some of those costs back to alternate scam. Let's turn over now to dominion energy another utility company this one based out of Virginia but extending pent up and down the East Coast. What's the outlook on them. SO demented almost the exact opposite story here. We're in this is one you just buying into and hold a high quality name we give it one call wide moat. Just the highest quality type of operation. And business that you can have their. It's expensive here to pay more than other utilities out there. But you're yield at three and a half percent historically good and you look at what we think of the 8% growth. Over the next five to ten years in net dividend of really good growth. Can you pay up or unlike southern parts look like a little more value on southern dominion you pay up or that you get really high quality. Business here they've got their hands little bit everything in on the big project that's gonna come on one has circle point Allen he saw liquefied natural gas terminal. First one on the East Coast arena billion dollar project a lot of concern over whether they would be cost overruns but it appears not is gonna come on line fourth quarter on time on budget. Did they have any idea what the projected revenue was going to be yacht coming off of that project. They've got it all con corrected with Gail which is the government backed utility in India and then also Tokyo. Gap which is the largest gas utility in Japan and they can demean and actually doesn't even take any risk on the commodities side of the revenues are going to be relatively small but all earnings. All the fault the the bottom line all they news. Take a charge from most customers to. Process the guest and then off they don't take any kind of commodity. Risk which Q you'd benefit for shareholders. Are good Travis thank you very much for the time today. Jerk Travis Miller for Morningstar the two companies that we just talked about dominion energy with the ticker. That by the way used to be Dominion Resources in the southern company with a ticker SO restated dividends for an ounce on dominion right now it's three point 74% to. Taking a look at southern right now it is four point 56%. It remind you folks that those dividends are what are called tax qualified. You don't know what that means doctor your accountant but. Generally speaking most investors are gonna pay 15%. Rate of tax on that four and a half percent dividend. As opposed to paying your ordinary income tax rate on say CD interest story interest coming out of an annuity to suddenly to be aware of you know indeed. Stocks. Domestic stocks have tax favored treatment. And that's it that makes them a little bit more attractive I find chuck generally your wedding I find a lot of retirees. Like utility stocks because of the dividend. Yeah especially when you do buy quality companies that track records of bumping that was up over time it can be away you can keep up with inflation as well. Markets down Dow's off eighteen points the NASDAQ down fourteen crude oil but story of the day down a dollar 57 that's right. All more than 3% crude was trading down. Gold up three dollars an ounce. We're broadcasting. From our insurer match dot com Tuesday. If you've worked hard for the past twenty years and enjoy a healthy savings account you're in a solid position to enjoy later life hi this is very Armstrong saving money for your retirement is half the battle making sure you leave it to the right people is the other half beneficiary designations are not an afterthought while most people try not to think about what happens after they die it's important to set up beneficiaries properly to ensure you protect your wealth my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designations because believe it or not there can be complications call now to get your free guide understanding traditional higher grade beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most of petted it rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Emirates the SE equal housing lender and Camilla simmer for 49250. Subject credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting process and teams traditional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member of DNC equal housing lender stimulus number 449250. Subject to credit approval leader bank a step ahead you're financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the -- match agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars that that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get on the discounts preferred customers like you can qualify for -- insure a match to compare multiple rates and carriers and 844 and 99 match -- 8449. B nine match insure a match works with the leading carriers in the industry -- -- -- Plymouth rock and more their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Call today 844 of nine. Regarding IRA beneficiaries. Truck I assume. That we should all be naming our spouse as the primary beneficiary of our individual retirement accounts in Portland case yet generally that's what we recommend and in the case of 401 k.s are actually required to name your spouse. As the beneficiary there are so in general spouse or can typically be the first person that you name as a beneficiary on any retirement plan. It simply makes things the cleanest and easiest approach of treating happens to how has treated chuck if your wife inherits your IRA. Did she get to start taking the money out right away how's how's that investment treated once she receives no this is why we say it's the easiest and cleanest because of a spouse dies and other spouse inherits an IRA or 41 K they don't have to start taking any distributions right away unless they're already over the age where they have to take them at seventy and have to begin right. And so alienating your spouses and hiring who do you typically name is a subsequent her successor Ben picture lot of times what you do that you name one of the kids or both or all three however many kids you have and they'll be named as the contingent beneficiary. In the event that you spouses pre deceased he's so it's spouse as the primary and then any children as the contingent. Very get. Folks we would suggest that you call in and learn about understanding traditional higher rate beneficiary designations. It's important to know who should be the beneficiary of your individual retirement account. Call 803934001. Or download the guide it financial exchange showed dot com it's a total freefall call 800. 3934001. Or as they said I need to exchange showed doc. Com security suffered the securities America incorporated member finreg SAP C and advisory services suffer through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone toward diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense of leader banking call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value. -- back a step ahead the states and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of -- available a state planning can certainly be confusing do you need to -- global or an irrevocable trust and what's the difference between the two should you consider special needs trust her life insurance trust what -- the tax implications of each type of trust pushing and -- an expert in elder law in the state planning has prepared a brand new guide called -- trusts that will offer you a roadmap as to the different types of trust that exists and help you figure out which trust is right for you when your family call right now to request -- free -- 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home all the same time call now for your free -- 8668485699. Or get it right now at legal exchange -- dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step ahead. Many of you listening today are either retired or planning for retirement investing in the market can be as safe strategy to develop growing assets and income to help keep ahead of inflation but here's another investment you can make that may also help you achieve your retirement goals if you invest in solar energy you may see double digit returns and growth call alternate energy today for a free solar analysis for your home or business at 3473085993. A well cited solar system churns out monthly dividends and reduced electric the best part is that these solar dividends aren't taxable solar increases the value of your property and buyers find the properties would lower expenses are more valuable if you like the cash dividend concept of solar call the experts with more than four decades of experience call alternate energy 347308599. Entry then discover how solar dividends work that's 3473085993. Or visit them online at 800 DC solar dot com that's 800 DC solar dot com. This is the financial exchange with Barry Armstrong and show Oksana. You're exclusive look at business and financial news affecting your day your city your own. World and stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with Gary Armstrong and sharks done us. Stocks are down to the losses are relatively insignificant. The Dow down twenty points where we are seeing significant losses however. Is in the price of oil oil was down more than 3%. Tiger but it's very and truck with you here on a Wednesday. Where oil is trading at 48 or nine. That coming on the heels. Of an OPEC meeting last week chuck where they said yeah we're you know we're gonna. Continue our production cuts there must be additional supply coming on line that has the oil market a little bit jittery. Yeah oil down now about 4%. Well in this news today just just under 4% right now. US production now it is just over nine point three million barrels per day remarkable. And honestly at this point like US production continues to increase. Pretty consistently right now all coming at a Texas. I don't know exactly where it's coming from. But we are currently at nine point 32 million barrels a day one year ago we were eight point 67 so it's 600000 more barrels day. That are coming out of the ground right now and that tells you look. They're not doing this just because they have to at this not a there'd capitalist stick the gate produce because they can make money they're figuring out how to be profitable lower prices. And in the long run. This is grateful you know that this this is really good for us because if the consumer you get all that shale oil coming out of the ground at lower prices did for the consumer it's good from an energy security perspective now will still importing about six million a pro coach the seminary. Yes somewhere remember that our two days ago were energy independent who were not in you know it's weird news. Now ninjas and while we're exporting oil and natural gas it's true but not much and we're still. Net and net importer of energy. Giving up and watch just kind of keeping that in mind is the the trends that we're seeing on electric autos. Still has that tiny little niche product at this point it's only about 1% of Charlotte sales ever in their base there. But it is up about 35%. From last year so you are seeing some rapid growth but it still is a very niche product. If particularly seen big growth in China that's where the growth you are but in terms of what the price the pump is going to be here this is going to be one of the biggest drivers there are. And literally gave an globally. The CIA energy. Information. Administration greatly air they're suggesting we're gonna 1% growth and usher we are this consumption here pretty flat. In terms of oil demand and so global oil demand and take a look at the most recent one we've got coming out. Yeah and in that ballpark somewhere Ryder rounds. 1% years kind of what's being projected right now and that's that's pretty much the track they're projecting. Through 2018 right now right I'm not tree and again. You pick so the the I just look at you know you you look at what's going on in China and dear new car growth is gonna come from electric vehicles as it has to have 8% of their fleet chastity is still a small piece. Now 8% of 25 million sales right it's still small piece that lake again if you have 92% that are all you know now. On gas it is it it's just like it's it's not going to stop demand right I think that you're gonna continue to see growth probably the next five to seven years. After that you might see something get out to 20/20 two were 23 maybe but. There's a message there though when you see electric car sales rising in gas prices decreased. They in fact tells get a close to breaking even well and what it tells you to is that people like electric car if you talk to people who drive them. Very hard to go back to internal combustion engine I don't know fight I'd make that jump quite yet folks that don't hassles. Yeah hazy rubble that's that's slightly different from the average per like there's different buying a tassel on buying a Prius private talk somebody owns a Nissan leaf for me it any. Pure electric car. The law I'm not saying that they don't I'm just saying there's a big jump to make from that two of their becoming mainstream. Well CAA vis Garrett at Goldman Sachs reports in the become mainstream by 23 sets a long ways it's the teen years I do think 1520 years is kind of where you'll. Aetna you know we've we've talked a every time I do a story about Connecticut it feel like we're bashing Connecticut is not my intention. But because of the economic climate. In Connecticut is being widely reported. Including in the Hartford current fox 61 has report on it. Z it is being reported that Aetna is going to move their headquarters. From Hartford. To New York City. Yeah unclear about how many jobs this would entail obviously is you know somewhere in that high hundreds what they're talking about but. Overall it has about 6000 employees in Connecticut in the potential is there that this initial move goes well. You could see more of those jobs heading out of state at some point as well so. It continues to be this is a body blow this is more significant. The GE because it's more jobs more home office of the the 800. And then if they if you're right they decide to move the other 6008. This is you know that this. You know GE was the warning shot over the bow. And how did the Connecticut legislature respond by raising taxes. Is this Connecticut. It spirals quickly does it does it's you know it's it's the kind of being that all of a sudden you just the other companies then you know come after this and they say. Will give they're getting out of state. We're not going to be able to draw the kinds of people that we wanted to know when you know people moving out attack all they saw increases taxes go up bond ratings are gonna. Quickly so. Connecticut needs to start is. Again you're not gonna fix this overnight now but Connecticut is to show look we're not just gonna try to balance the budget this year and Leo raise taxes and kind of make things work. So a thirty year plan look things might get a little bit worse over the next couple years before they get better in terms of we may run bigger deficits we may have to borrow a little more. But come up with that as sustainable plan for the long and it's what New York did back in the seventies and eighties very unpopular the you have to be willing to fire cops yet to be willing to get to firefighters and teachers and you have to be willing to US political suicide since you do it right the next governor goes in there. And and make these cuts and works with the legislature to balance the budget. Is UB a one term or shall be a one term governor. But it somebody's got to do it in Connecticut because they have reached the point he like to your point you lose Aetna. It's that is a body blow that they will have a tough time recovering. And the the big thing is. Look you've just too bad enough command boss you really do it voluntarily. Okay or at a certain point. You could end up in sit in some real trouble. In terms of again you mention your bond ratings and being able to issue new debt and so forth. You know you've already got a pension fund that's grossly and you end up into problems pretty quickly look no further than Illinois okay. Illinois back in 2008. At a double A bond rate. Okay today they're a minus they've gone through three downgrades. In the last five years and that kills them when they go to borrow money. Okay the instead of paying 3% 56 that the exactly so all you have to do is yet to accept that you're going to have to go through a little bit of pain in order to get there. But unfortunately Connecticut does not seem to be well to do that no problem paying the price. Exelon moves to pull the plug on the Three Mile Island nuclear power plant with this is kind of in this power play this. Yeah it it really is one of the the only power plants out there and under go way up partial meltdown back in 1979. There's a movie based on the boy it's been moved losing money for a number of years at this point. They they can't sell the power that's being produced from it is it's too expensive. An excellent premise coming out and say look we're gonna try to retire this thing. Now we have a license until 2034. We're gonna close this thing and when he nineteen unless they get any type of government help and I think it probably ends up closing another plant op program in Massachusetts going to be closing at 2019 as well. Lou there where they're sixteen nuclear power plants in the United States. After this when retires. I just wonder how many have left. Because these are all built the majority of these were built back in the seventies and 80s70s and eighties it's it's tough to get new construction done now especially because there's no long term solution for any of the waste we produce about 2000 tons of nuclear waste each year. Most of it just sits in pools you know pretty much on site at facilities. If you don't have any way to dispose of it and then you still have to maintain these facilities FT shot that you gotta maintain amiga provide security for all that nuclear material it's expensive to do I mean. It's. Nuke nuclear power had a place throughout the 80s90s. Even early 2000 as a potential bridge to some of your other types of renewable moving towards. You know wind and solar. I don't know of has a place anymore because the cost. Now you're looking at natural gas taken its place yeah I mean it's it's cheaper it's it's obviously not cleaner it will depends what you mean by cleaner I mean there's there's different. Issues that you run into with nuclear obviously. I don't know if nuclear has a major place going forward in American energy Paul's right. They take a quick break and we'll be back with our business segment next from our insurer match dot com studios. The stronger. So I'm bringing you the best in business and financial news every day this is the financial exchange radio network. If you're real estate or property management company Unita banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers -- on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as they're banking partner call 8776917900. Or email BVL at liter bag dot com for more information member FDIC equal housing lender. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes -- you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers link you can qualify for call insure a match to compare multiple rates and carriers at 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry liquor bella Plymouth rock and more their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today paid for four of 99 match or go online and ensure a managed dive. Hum many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and costs have come down solar incentives seem almost too good to be true yet if you talk to alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with three power from the sun imagine free solar power creating our own clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you think the state and federal tax income credits now when your high income years then enjoy higher returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible call alternate energy right now at 8559120115. That's 8559120115. For a free experts solar analysis alternate energy has been serving new englanders for forty years call them today at 8559120115. Or visit them online at 800 DC solar dot com. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional IRAs and employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after you die is an important part of elder life planning and my firm the Armstrong advisory group has a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to get your free guide understanding traditional irate beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com to. Terry suffered through securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. The financial exchanges live on FaceBook so make sure like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. On Wednesdays and the interview folks that are involved in business there running businesses here. Actively involved in the management of the company today is no different we're joined by she'll come pain she's a vice president and chief life actuary. Adam eco life which is by the way where I have my life insurance thank you very much thinking am. I do I do so. Actuary all I know lose the her parents are working at Hayward said. Ian any. Only Johnson New York so. Then is it now like what are what are the career options to somebody with a degree in that was news to do what else that you. UP skiing map that for me I. I needed job that. I can go to red LA yet and that paid and that money and then I had potential and that was the name any game fracturing. What kind of training do you have to go through in order to become an actuary their exams that you take what's the process that is series of exams they take to become that true bacteria found of this thing I evacuation at the ultimate goal for any country to get that kinda got. Exams that are and they're set at and there are there. Monitored by the society of actuaries and it generally takes anywhere from five to seven years to get through that series of big problems but when she done and your phone fellow. And and they go that during that time he began and they are working reed a consulting firmer. And insurance company in. And they help support you on your way to get here your I know that the ancient that you're title suggests that you are primarily involved on the life insurance side is that correct or do you absolutely destined of them away and Sharon fanning in fact actor is really. Give me any and selfish people who focus on property casually that they take it separates that it got him and then there's the people who do like and how would jury towards the life and health side. I you know it really depends on where you come out of school where we're what what and where you start so I started with a life insurance company says that it's Pannemon naturally for me ago. At a people who are at that. They've decided to ferret in European Phoebe both at the same type of math exams and and there are a year he kinda. Take your pact. What I've been in terms of how old when did you start in the business when he first go into that the life insurance business and ran it kind of case even in for awhile now would have been the biggest changes that you've seen in that business over that time here. I think it's funny semi arid they're allowed contained in that happened in and that I'm carrying a lot of asked to do an insurance companies themselves when I first started. I live in Hartford Connecticut and carry insurance companies everywhere right that. It yamane there aren't that many and Eli are capital of the world in mind that things could change companies merged they need to like a teenager I ain't me. Eighteen that they're doing maintained their focus that you really think Canada and validation in the insurance market went up. Types of policies that people are buying whole life vs term have you seen any ships as far as that's concerned so. Act juries are great at coming up with new and great things are okay now you Maliki something new and sang anyway come tonight concerns. That. Sometimes it kid like and Mika we offer more of the basic kind of like concern and it really depends on what you need in life you're looking for that. They're clever people out there and I come up with something that's kind. The twist. And that traditionally and sentenced so a lot of times we often hear about actuaries just crunching numbers and measuring risk in a back room but it sounds like you can actually go out and tried to innovate in terms of hey here's something that fills a need in you can actually come up with certain policies that might feel that match. Yeah actually tried to do that great that's kind of what we do. But an actor is Chad is more than just coming up with that need it's also looking at that company and making making sure that that company financially sound and steam on that part of the big jam that we had. If he makes you than any company can be there to keep those promises you know we now. It's not nothing he can hold in your hand I if I write Ron debt and say you want us you wanna know that that a company can be there and inaccurate irresponsible and makes it that it will be. Sheila when we talk about automobile insurance we've been told. That these low interest rate environment has had a negative impact on automobile insurance rates and we pay more for our car insurance because interest rates are low. The same hold true for life insurance. It's only ten and a hindrance on my insurance companies trying offered that he thinks he if you look over time but what's happening is mortality that's everything men as a big impact on and you see right it's gotten better you hear people are living longer and healthier lives. And things are pretty much plateaued the president on Bartlett and and and things are coming down for awhile but there's. There's that the other component that we Gilligan interests and we were taken premiums and those premiums grow in interest than we can't earn interest. And we can't deliver interests and so their premiums reflect that fact is around and it's definitely had an impact in our industry. In terms of looking at the business today what are some of the biggest trends that you're seeing in life insurance at this point. Sid is a lot of trend right now to make light and sharing easier for people to buy or eight people there you'll see more options to buy things online. Are to at least get information on mine. You'll see and trends to where people are trying to do underwriting fax to city get those 'cause he's issued quicker in the past it could take. Anywhere from a couple weeks to a couple of months to get a pilot the issue in young companies they're trying to find ways for certain people. Said did you think a lot faster when it's getting it out in a couple of days there may be a couple weeks pursued that weeks to month thing. You mentioned that your job overall as an actuary one of the biggest things making sure that your company isn't taking too much risk that you can fulfill the promises that the company makes what is amicus overall policy on risky how do you fit in the. Consider it to me and we'll take it where we want. We often wanna make sure that we're only taking appropriate and we Martin even if it's act now we understand. We can look at I've been examined people that we can you tell us when we're gonna down. Go up at bat that got. And common people here eat. That. That the average and that's an act three degree networking and it can be having me and that's what people actually need insurance picking on every time. People your age that you and your acting talent you. Fueling your pricing policy how does occupation come into play. Late in what would her occupations. Where you would look at the staple has got a high mortality rate. Filip patient. Don't coming to play as much do you think they were at night so we can only end its debt to mourn the underwriters can listen to look at that wrist into town last based and that person where they say. In the rich penis Lamo about the people that are kind of their age. Would you be the one that knows that say private pilots died at a higher rate now is that some of the. Feminist definitely dealer you'll see a lot of insurance policies if your private Ryan and he may have an exclusion and your confidence and either. It won't cover you needn't happen dying. Though interest has it that liar. You would get a different rate because then so it definitely can come into play for most people it does now. If on the lumberjack. You plan on changing careers making a lumberjack that's pretty dangerous kind of work in the coal miner. Yeah kind and I don't know if it is that I guess I remember you'd always list with a person's occupation. When you're writing a polite entrance off. We wanna answer it here behind the right kind of insurance things happen in getting their right in the mountains and strengthen asking questions lots of questions in front and they have an impact and years and he rates them and sometimes it just ask you ladies that we know you're not in a prime time right now. Health this got the biggest factor right here we assume you know when ended it's back to your age and you find in your house race and healthier people. Danny get better rates and to tell me how much is it how what's the difference for a smoker vs non smoker since the fifth cancer actually can be anywhere from when he signed it 50% or marred whining and how long needs smoke while training and your needs those smoking is definitely. And now we know it come down anyhow and so that's reflected in years in Ukrainian. Sheila who shows gonna stick around with us for the balance of the hour we'll Oscar more questions and by the way if you have a question for just accident to a set 68680. When we come back we'll be talking about in new Smartphone made out of titanium that more from our insurer matched up constantly. You've got Barry Armstrong. Extra pressure on the financial exchange radio network. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader banked a step ahead. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional retirees and employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pastor assets onto after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to eat your free guide to understanding traditional hiring a beneficiary designations the phone number 803934001. That's 80393400. What you can also download it right now from our website financial exchange show dot com. -- -- -- securities America incorporated member -- SIPC and advisory services -- with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities -- companies are unaffiliated many of -- are always thinking about securely retiring while -- a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and costs and come down solar incentives seem almost too good to be true yet if you talk to alternative energy clients they're thrilled with having no electric bill -- been driving their electric cars with -- power from the -- imagine -- solar power creating our -- clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you think the state and federal tax income credits now when your high -- years and enjoy -- returns for the next twenty to thirty years don't put -- investigating -- the returns could be incredible -- alternate energy right now at 8559120115. -- 8559120115. For a -- experts -- analysis alternate energy has been -- new -- for forty years call them today at 8559120115. Or visit them online at 800 DC solar dot com. Searching for the best savings rate leader banks who might count as a two point 058. 1% Beckham Deb it's 10% back it featured businesses and reimbursement brother bank's ATM fees to learn more about -- accounts call 8776917900. Or visit leader bank dot com minimum deposit to open under an annual percentage yield ten dollars two point 03% interest rate mass residents only he's been reduced earnings rate subject to change without notice member FDIC leader bank a step ahead. Hi this is very Armstrong planning for later in life is a definite challenge there -- a lot of factors that come into play especially when it comes to protecting your assets creating a trust can be an essential step to helping you through this process but what type of trust do you need given how many of them there are out there the law -- -- and -- are experts an elder law a state planning and asset protection and this month they've got a brand new guide called deep mystifying trusts which will offer you a roadmap as to the different types of -- that exists and help -- to figure out which one -- rate for you and your family called right now to request this free -- 8668485699. That's 8668485699. You can also download it right now by logging -- to legal exchange showed dot com don't leave your family's estate in assets at -- -- now -- this free guide -- and -- 8668485699. That's 8668485699. Or get it right now by visiting legal exchange show dot com it's not too late to get a great raid on a whole mortgage -- bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Workers -- -- -- dot com. Emirates the SE equal housing lender and the lowest number 449250. Subject credit approval leader bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinancing all originations are managed by your bank's local underwriting processing team traditional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com member of the -- equal housing lender and Miller is number 449250. Subject to credit approval leader bank a step ahead. Berrian Joakim the latest every day beginning at ten only here on the financial exchange radio network. The late president John F. Kennedy would have turned 100 years. All this week so we're doing trivia based on mr. Kennedy. Which candidate he John F. Kennedy thing would be his toughest opponent. In the 1964. Election that a good knowledge of history knows the answer to this one are text number is 68680. First listener with cricket to win a 25 dollar gas card which candidate. Did John F. Kennedy think would be his toughest opponent in the 1964. Election and again our tech's number. News six ED sixty. We're now joined by Todd lucky and good friend of the show he good enough to join us for quick segment hi Todd Dario. I am great thank bury yourself. Good good. So Todd Iowa and ask you questions about a couple different types of trusts that I eat here use what what is a nominee realty trust. Also nominee realty trust the most computing trust that app and and in that regard it's one where you think it's a truck. And you put your aspect in it like how aura or a vacation property fare and then get a look beneficiaries. Says you know wanted to act more worse yet it might say it thinking that the beneficiaries are gonna get it only what you're yet but a problem as. The beneficiary all right now. So whoever you put on the air is a current owner. So why Barry. Why would somebody I see these all the time why why do wire real estate where are so quickly use them. Well they're quick to use them primarily because. A mechanism of transferring the you know true. Usually. Real the beneficiary would be a one like eight Bentley trust born radical ultra you know you you don't wanna make it. You help yourself you'll. One another truck that you're putting your aspect into as the beneficiary but they look for privacy reasons they don't want to let you know. Note that bent that some itself on record. So is that what shows up at town hall one in terms of the tax records until by the nominee realty trust to bury Armstrong. Right not the person who did a lot of us have have a different types of trusts are there. There's so many I think I covered about eight and the guys in that. That was the biggest one that you think that they audit and irrevocable life insurance so many people don't understand though. And in the elk that that would be one to make sure your life insurance is owned and wanna go Kursk. Unnecessarily. We've done area are well thank you Todd I appreciate your joining us now let people know how to get your guide thanks your time. Are you that's Todd let's keep from crushing in Dolan in during the month of may today is may 31 believe it or not. You can call. And received his guide to demystify and trusts prepared by Cushing handle it. The phone number is 8668485699. This is the last day. The can call for this particular guy to demystify trust the B new guide out for June. But this one as a relates to trust so if you have a thrusters you're thinking about forming a trust. Now this is the time to call 8668485699. Or even go to their website legal exchange showed dot com poultry last time last chance 8668485699. Few there were joined by shoe company from from a weak alike and Todd was talking about durable global life insurance trusts. Those I don't know if they still are but he used to be used poor second to die like insurance policies do you do do you are you do you work in that design capacity. For me to death and a third second today and I faith they'll now be you know how they work and again that he's mourn the type of transactions are you trying to end. Non pay the estate taxes a year trying to do something in the second yes he's a firm has been my god it. Going out for lunch is a dying. Tradition. You know I don't bluff for launch area and that thing Tucker he would like to hear your generation Michael and then to sit down and died identical Applebee's or Friday that who does that anymore choppy year. You're there you guys about once every couple weeks or so maybe for three weeks but not. It's not like an everyday thing usually in the restaurant all right I mean everybody is bringing out lunch for the most part if not they're going out of you know what you pull away and there and and our quick how many people work at your office in. In the urine Lincoln Rhode Island thinking is that a big campus like a lot of employees it pretty it's apparently 15100 that are on the campus senior staff cafeteria leading in house. Ned to people eat at the cafeteria or to the at their desk. In a cafeteria ended ended in Munich and didn't break. The company. You know it's and I actors go. Accurate now hitting it with the cool kids are not sometimes yet. But if that's an actor I've just kidding but really actors are kind of known as being like the nerdy kid threw in ET eight seeking an accident that. I read that your residence. That you refer to yourself is the geeky then answer me if I think it's the geeky kids talk of that travel money. There and out of it a yes. So chuck what's what's happening with the impact financially and on one. So the in terms of the traffic decline it's been about 2% since 2015. Okay. Works at about 3.2 billion dollars on an annual basis so. Big chunk of change just in nominal terms it's coming out there if too many restaurants and grameen that's really question of how much how much people want to actually go out for this one feel and we have too many who you want to go to dinner on Saturday night ticket table. Right but it's yet but that's always Saturday remember the restaurants don't plan their capacity for Saturday's they've planned for the other six days the week when they need to be able kind of breakevens though. They make their money on Saturday at the united carry all that extra capacity just because of one night. So I think. It pro depends on the kind of restaurant I think we probably have too much of the chain to any of the change that the LD knows they are out will be loans are olive garden and so forth. I know many people want to go to those too much anymore. I think you can make a case that you don't have enough that the law wasn't necessarily in terms of kind of I think there's more room for fast casual actually the space even beyond what we have today puts in there is a lot of fast casual use is panera fast cash yes yeah yeah. It seems like Interpol was fast casual yet but think about the lines you see it. What was that Elliott tells you that there's advantages there pass you know on weekdays so. That's when I look at it I see that being somewhere that you can't pick up a little little bit more. In terms of additional capacity. Just the four of us that raise your hand if you have they broken phone screen. My hand is lower. You have a broken but. I know you always still plenty of time that I am I'm good this thing works like a charm than usual now and see with the file with that you do you have. Would you pay we do would you buy a full based on the fact that he didn't break like I've got my last phone I broke. Because of the drop in these this company ED Rubin is unveiling eat titanium. Smartphone. That will per. The war when you drop. Oppressive I mean I don't know what cell I don't know if I would buy a phone because of that I almost wonder you look at the technologies that could license it out to apple coo or someone and have them make the things like I don't know why you'd wanna go to the trouble. Of starting a new phone company in the heart wears golf business to be and now kind of a tough putt trying to break into a tough market right yeah you have major players mean. Even Google Samsung M Google said look we're gonna do the android operating system whatever what else handle the manufacturer when they came out the pixel there and in an avid I was eight years after. Remember at the bit to whether failed developments they had there nexus phone. Like seven or by years ago now that pretty much flamed out in the add one other one that they tried may be anybody behind the pixel well I know one person has the pixel. I don't know at the moment if anyone's I don't know of anyone who bought it but. Doesn't mean no one has you know. And if there's room for another owner or not. We think about this warning sign flashing for the sub prime problems sub prime models I was shocked me. You're seeing the interest rates they charge Tucker and sub prime I haven't knocked the 1516%. Who got actuaries there are price of that stuffy you have any friends that price it would work for banks and pricing loans and and down as they now it's. It's it's quite a racquet you can make a lot of money in sub prime monologues. But the interest rates can be ties 21%. And then I've even seen them where the they'll charge 21%. The day in the B five points charged on top and really help. Then you get your number 20% of the American population as a likely score of under 600. They they're not getting the one point 9% it's up from the. Yet it's it's hard to believe you don't think of it that often but you do see her credit scores go down and some keys to 300 depending on the agency and those scores do get filled out by people unfortunately do have people. That a pad you know either bad luck with credit or terrible mismanagement of their credit and they end up having to pay that you know 151820%. On. Sub prime auto loans it's an area that's a little bit concerning me you know on the little spooked by the auto sector to begin with right now. I think that we have bought too many cars to higher cost. This is to be a symptom of that is is not quite as he archival being reflective of. And nobody the the reason for concern is that the loans are getting prepaid and I guess if I owed if I owed. Money on car loan at 14% black deep prepayments quickly could. And people aren't doing all the doing is making their minimum payments on the sub prime models but they're not saying that they're delinquent delinquencies are different from non pre. No this kind of the first step towards delinquency is you know you say OK I'm unable to I can't make that extra fifty dollars on the payment but now I'm just gonna make the payment. That's kind of a slide downward on the scale it's you know you like to see more people prepaying if you're looking for the overall health of the economy very good. Up next what the answer to our trivia contest and will be talking about Netflix that's next for march or match dot constant news. Armstrong. So I'm bringing you the best in business and financial news every day you this is the financial exchange radio network. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional higher raise an employer sponsored plans Titus is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets onto after you -- is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to get your free guide understanding traditional I air raid beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com it's. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and caution come down solar incentives seem almost too good to be true yet if you don't do alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with free power from the sun imagine three solar power creating our own clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you take the state and federal tax income credits now when your high income years and enjoy higher returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible call alternate energy right now at 8559120115. That's 8559120115. For a free expert solar analysis alternate energy has been serving new englanders for forty years call them today at 8559120115. Or visit them online at 800 DC solar dot com. State and asset protection planning can be overwhelming where do you start and how do you know what type of trust is -- for you and your family hi this is -- -- -- -- with numerous types of -- available a state -- can certainly be confusing do you need to -- -- -- an irrevocable trust and what's the difference between the -- should you consider a special -- trust -- like insurance trust what are the tax implications of each type of -- -- and -- an expert in elder law -- estate -- has prepared a brand new -- called. 8668485699. That's 86684856990. Can also download it right now by logging -- to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing -- all the same -- call now for your free -- 8668485699. -- get right -- and legal exchange -- dot com. Your financial strategy has to include a thoughtful insurance claims and insurance exists to protect your assets. Our friends and being sure imagine agency can prepare personalized plan that gets you the best coverage at the best price Collins -- match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars -- that describes -- you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like your bella Plymouth rock and more their license for all types of insurance and can save you time stress the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dot com. Security suffered two securities America each member of finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Stay on top of breaking financial news by becoming a member club carries per game blog until financial exchange does come in sign up today. Are you looking for home equity line of credit Peter bank is now offering a fixed annual percentage rate of two point 99% for the first six months. Then it's primary for the life of the credit line and no closing costs take advantage of this great deal right now by calling. 8776917900. That's 8776917900. Rates are variable in May change at any time leader Bangkok on animal it's number 449250. Member FDIC. And when evaluating prospective Republican candidates for the 1964 presidential campaign president camping. President Kennedy. Welcomed the prospect of running against Arizona senator Barry Goldwater who ultimately receive the party's nomination but he was concerned. About the prospects of facing the more moderate Michigan governor George Romney. The winner on this question was Ralph from where Massachusetts Ralph mystic gnome 25 dollar gas card to gulf. In our trivia contest has brought you by the Armstrong advisory group join me in Barry. At skyline at water place in Providence on Tuesday June 20 for educational dinner will discuss the market's performance to date. And you learn about tax efficient investing and the state planning space is limited so reserve your spot today at 800. 3934001. That's 80393. Or zero. We're joined by Sheila campaign she's a vice president and chief like factory at a Mika life. And Chile in a couple questions on that whole topic of life insurance. How does somebody great yet any thoughts on how somebody determines how much like insurance they need you know by late stage in life. I don't feel like I have a great need for life insurance the trucks and a whole different ball game. After they used to be a little less than you would you would use it would be like five to ten times your annual income them like he said it really depends on where you learn nearly Tierney writes it's a day you can find tools to help you exit you Wentz and meet the life lessons that come for instance and we offered calculator. And you tell us and basic information about you and your spamming your lifestyle and it looked like helmets like insurance that you you should have I'm yourself. They here's the thing I was at a conference a couple of weeks ago rightness it's young kid gets that sent the documents from any talent is his story about how. He was maybe four or five years on his dad passed around him and his dad didn't have like concerns. And Jimenez non had been on life. This journey for the last ten and a 1415 years and it was heartbreaking when nobody can talk about all the things. He didn't daily didn't have access it had to give up yesterday his men and his mom and be OK okay. And and looking like he kept coming back tip is damages and any life insurance it would have been so much easier around that family now and so I think you get it the cat Phillies are out there they're getting Gideon amount. It may eighteenth Kyrie needed to date number. That you know Colin and talk is somebody who hadn't is that something RAC. See you figure out OK I need I'm you know married in them and have a kid so I need. 700000 dollar for the life insurance. Then the question comes in what type of life insurance do you buy because darn it. In others whole life term likely universal life these variable like say it is it's like this smorgasbord. Of options on the menu and her. For the layman. How does they had these. People rain not most people like you really needs termite and it provides that basic coverage it's the cheapest like concerns you can buy and it's more Florida you know. You only downside to that if I have a different link that time I value you pick Atlantic and eastern. Ten years could be is on his thirty years. That it Internet time period that coverage goes the way I felt so that's where people who have a long needs it and parents. And yet younger kids then pray you might need you thirty year term. You could get their retirement disappointment eighty inside he won his whole life policy because that math your whole life right but because it as. It's Smart and often are you might wanna do a combination that phentermine yourself to bring up a lot of that coverage and when you young. Any day asking you Miami today going to school. And anyone have some insurance left to make here today you're not a burden for them your sound an ailing human beings danger around today you got a smaller light at the end. So trucks gonna have a big family should he buy life insurance on his kids as well or just Don Meehan is divide on dogs. And got back and collect insurance dogs at least not through me. They you and I I think Anthony kids a lot of times it comes in their right there anything you would get the idea that just to make sure it's something terrible happened you'd you have a little bit of insurance he can get through that. They've done. Month month and you really don't put like insurance and like a decent amount I'd venture infants I mean so they're a little bit older but he is a good thing to look at when your kids are they keep you got your min late tonight your kids there. Halley gauge in yup it's package and now they've got some debt maybe you cosigned manner I you don't wanna. UFO that and you could look at that and say OK you know maybe they should have like insurance and this is actually the best time for them to get that they're young they're healthy. Get it lacking. When I was by in life insurance I came across a Mika because they were the least expensive. In nick still seem to be consistently less expensive than everybody else how is that why why is. A meek a life insurance less expensive I used it to replace a camera with the name of the company had before but it was it was like 10% less. Any it will depend and then that person unseen like who who comes up less expensive than a great thing an enemy is we sounds Iraq's race we're not really out there's no agent and UConn and and you dealing with a person he's an employee of the company. Yeah I call an 800 number at fair and I talked tool which is very pleasant she walked me through the whole process she filled up my application over the phone right. And then she sent to doctor how to talk to me and I can get a treadmill so open avenues. Relatively painless and you have some agents that might. Kitchen counter you know. Now and it sets decreed it's a great way to buy like insurance because it's easier Reagan was talking Yosemite a minute phone. You can buy and your time when when you got the time to do it can we make it very payments and the people and Mika. Our. Are just nice people they surely work where idiot out of the new englanders you know that's actually but Sheila campaigning and joining us today once again she's the vice president and chief like factory of a meek a life. Which is a terrific company I've done business with them for many years on the customer of a needle like. And I think you should be too. Here's what I'd like you do call 180234. LL IFE. That's 802345433. Or news go to their way website to Mika life lessons dot com. That's 80234. L I FE. 802345433. Or go to will be a life lesson stuck on that's actually a good site Sheila because. We can do there is a guy like shock who's you know gonna have six kids he'd go there and figure out. Just how much he's likely to drive guys you know it's just it's it's it's it's a very good I don't know if you're involved in the. Building at that site. My copy that into the. Thanks for tuning in to the financial exchange today it's very Armstrong chunks ought to and Tucker Selma from our insurer match dot com Steve.