Mar 11, 2014|
3-10-14 Full Show by financialexchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is Barry Armstrong and I'm joined today by estate planning attorney Todd -- -- from law firm of Cushing and Dolan. With your legal exchange quick tip of the day we're talking about last minute planning techniques. They can be used to help save assets of your loved one. Todd let's talk a little bit about. Providing home care for their loved ones often times this is being provided by child niece and nephew. Is there anything that the home care provider of health care provider can do that would be beneficial for them where the family. Yeah it's absolutely happening more and more these days and and the lots of times believe and the the person getting the care does one pay for their loved -- doing for free. And lots of times a person who's doing the care -- have left their job -- so so folks you can't get paid by you must have a personal care contract in place. If -- a personal care contract in place and money moves from the care recipient to the care provider. It will look like -- gift for Medicaid eligibility purposes that -- result any five year waiting period. To get eligible so you don't want to trigger that five year period that upside is the money can't be transferred to the care provider net pain yeah. Downside is it's -- quotable. -- so what's taxable but you get -- right. The real and -- -- is a Social Security like it's a retirement and that's right. And the real upside is there is no five year waiting period so if you feel like somebody might not make it five years and year. You know providing care for them even if it's for a year you know. They're gonna do it you could transfer good chunk of assets and how to protect it from the cost of long term care and your loved one would probably prefer to have their daughter. -- for them as opposed to some -- that they don't know I'd call. 8668485699. Learn how you can protect your assets last -- 8668485699. This -- has never been made available before -- and -- and your retirement plans are changing with them hello this is very Armstrong from the -- -- exchange my dad retired almost twenty years ago and he receives a pension and medical benefits from his old employer these types of retirement plans have been replaced by a 41 K plan with a match you're responsible for planning your own retirement this involves planning for income military benefits long term care and Social Security. We've created a guy that will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for a prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities offered through securities America -- member FINRASIPC. In advisory services offered through securities America advisors and Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliate. An -- trip. From the actual truth notebook the mayhem at UMass Amherst has -- reminds us of the natural truth every parent knows but -- -- to admit. You call -- college but your -- calls it a four year keg stand. Some kids got a -- still aren't sure the ones majoring in science engineering in -- and and that handful wanna go and academia and liberal arts. The average communications of sociology of this major alarm and lets you mean learn to turn any cylindrical object into a -- The entire premise of college a place where intellectual elites go to learn those difficult but vital skills make society work it's gone. Once you decide that every once you go to college you have by definition turn -- into four more years of high school but without the adult supervision. In mom and dad that's what you're really paying for that 20000 dollar tuition check more than actual truth check. My columns in the Boston Herald. The experts at Web.Com what to build your business a successful website for free just like they did for these Web.Com customers we used in and looked at other website designers. But there's nobody better at the moment ago. Web.Com can have your website built for free and often running in his little seven days plus promote your site on all the major search engines like Google Yahoo! and -- if you're in business today and you don't have a plan for -- you won't be taken seriously call now to get your website built for free if after thirty days you're happy with your new web site. We'll continue to provide promotion posting support and maintenance offer just one low monthly fee if not cancel and pay nothing. Call 855254. Site. 855254. Best ITT. 8552547483. Or go to Web.Com. Slash radio. There was no portrait of -- that's an equity what he -- rights to the exec relinquished much cancellation unless otherwise purchase. -- The well its hold on your checkbooks and did your portfolio break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Morning New England welcomes you define it. Pain barrier. Impaired in here. On any other actually itself against the winter's not totally kill him until. At least the very easily and his latest. And if -- hurt what's happening earlier in the week. I'm trying to deny that he does that just don't listen to -- the -- the storm -- They said that last week. So holding. Your right right we don't get -- -- their talk and you know outside -- now -- inches Maddon. And then and coming off the water off. Well it's birthday time happy birthday to the stock market. All of this talk about this that you said we're gonna play it -- that these guys -- at. It's Monday bear with me here and yeah but in the old -- when you're in. And going back in time it we we didn't call united and called the capsule bottom of the market we eat we called it goes on March 12. And I did an interview with him down when he five. And you said to me is is this is this it is it is a desperation and I said yeah -- it's years ago I don't -- up and ask the question is that the bear market nice thing you know and I think it is. And for five years scanned the market has reached on we had just tremendous strength in the market. And I think a lot of people are asking that question by the way this is our question of the day is will live long enough to have a sixth. Birthday and you know there's a lot of stats -- me just give you. One that I came across in CNN money this bull market. Is now 1822. Days old -- think that's that's how long this market has been reaching forward. But it is not the longest bull market by any means now that we've had. In in the last fifty or sixty years that's right the longest was between 87 in 2000. Which was 4494. Taxable right now Brian -- and ended badly. Remember it was when you think back to. March of 2000 through march of 20030. Yeah as ugly three year for the stock that those who made big. During those years I'm probably weren't even. They don't remember those at your G-7 to 2000. And are -- there there may be. During that time period in this has got quite a way to go if you want Stan. -- double itself. It is and I think there's a lot of people that are sitting in them in cash certainly in their same Jesus thing too long in the tooth to get invested ten I'd be buying stocks. Or -- you know are we ready for big correction. We meet we're gonna be joined by Brad McMillan he's the chief investment officer commonwealth financial he's at a topless -- -- right. At the act and I don't know anybody that isn't concerned about their 401K plan and the same day I get the question all the time. You know should I sell my stocks and I go to cash -- and you know what. I don't know the answer I would wish I could sit here and say yes absolutely should sell your stocks on June 1 because the market's gonna crash on June 2. I do not have a crystal ball but what I do have is access to some pretty good resources in terms of who can find out. Well I think part of the reason it's people are real skittish to is that. While there indicators that some people have forgotten about 2008 and a lot of people have not. You know the 1% may be have forgotten about 2008 but the country. Has not forgotten what happened and and is still kind of modeling a long break so on you know people don't feel that great about it. Which is is one of the signs that maybe it's it's it's short. Well it's frustrating for people who are sitting in cash -- because it's been five years that they didn't sitting in cash and they're saying to themselves well. I keep hearing about this bull market but it's a relatively. Small segment of the population is only about half of investors right have money invested in stock so. Half of us have not expect everything and and had not participated. In in the gains that the market rally -- -- -- in one of the problems and I think a lot of folks have. Is they're saying to themselves and I had this conversation many of our listeners in the say. Well buried in the market's up 140% the market's up a 130% -- have been a five year bull market. I wanna go to cash in my answer always is okay if you go to cash what will you earned on that money. You know answers none -- -- right OpenId in an 80s80s up are you willing to do that are you willing to sit in cash. And what is the event that will bring you back in when -- you come back in and buy stock or do you need a 10% correction a 20% -- would you dissent and another 40% gain. Yes you certainly could it's happened -- you look at the records now yeah I mean you go back to the year you referenced it 1987 through 2000. It was a bull market that lasted 4494. Days right well let me give you an idea. We're about a 170%. Increase. That was 238%. So. We've got a ways to go before we get one thing I will mention is the stock market is down today he'd -- the Dow down about 63 points. And shares of -- are down. About 1% and I don't know it no updates on the and the jetliner the 777. Well there are updates you know but none of it's good that's for sure I mean they still don't know where that plane is still have determined that that slick in the water was not that. Of and you're playing. -- C report on Bloomberg noted there was debris found on the Vietnam coastline. I know try to I don't I haven't seen what happened did daddy was. The have reiterated. What they thought was at or what they thought was a life -- you not had writer's true. The story out of Malaysia does not bode well for shareholders balling right now bowling -- stock is down two dollars and 44 cents per share or one point 9% it's down to him it's at 126. Dollars this year. Rumblings already facing some issues you know they've been dealing with the issues with their new planes the dreamliner that they thought was going to be in LB all these huge contracts. You know with Dubai and with all kinds of of other foreign countries and they've got issues as well into battery issue. Right now he is referring to another and another problem now forty of those planes they found cracks. In the wings these are planes have been delivered to -- user rights -- is still the factory that's right so -- have to. Usually number one delayed on delivery because they can backtrack and try to take care of these issues -- -- -- to try to figure. Why in the world that happened forty times over so obviously there's some kind of flaw in the design. So. It's not good in the new Boeing plane goes down. 200 plus people on board and that makes for really rough week that is supposed to be one of the safest jets out -- well know jet is -- if there's a bomb on board and that's. Really the question I think that investigators are grappling with right now. Did that plane blow up and Scott yeah. You know over and over again I keep hearing experts -- -- told him why can't find him well number one it was seven miles -- So there's some question as to whether you know debris if he is playing blew up by Obama and I am saying is because I'm some kind of aviation expert. But only because I've been. We know -- nomination since Saturday morning at 7 AM. I've watched these aviation experts that they -- were saying it. If this plane of the bomb went off planes and work two bombs went -- and play in it were that were time. And that could disintegrate by the time comes. All right well -- lose we will follow that story for the next couple hours rate if you get any update -- messenger that -- If you ever run wondered why some people are rich and maybe you're not as wealthy as you might like to be. One of the things that impact your wealth is how much do you pay when you borrow money. Right how much interest rate pain on your car -- what is the interest rate on your student loan what's the interest rate on your credit cards -- Chances are it's higher than one point 99%. Having low interest rates is a function of one you have to have good credit rate if Democrats -- in the seven hundreds. If you have equity in your home though you can use home equity line of credit from leader bank to debt he really low interest rates as a matter of fact. You can get it low interest rate of only. One point 99%. Eight PR it's fixed for the first twelve months. And then it's going to be primary. For the life of the line no closing costs associated with the leader bank home equity line of credit. At one point 99%. You can call and get an application submitted over the phone to do this over the phone. Call this number 7816418600. I would ask you this question. What is the interest rate -- -- what is the interest rate on your home -- with the interest rate on your student loan with the interest rate on your home equity line of credit. If it's higher. And one point 99%. Why would you call leader bank he can reach them at 781641. 8600 the leader bank home equity line of credit. Is issued at a rate of one point 99%. Fixed for the first twelve months. And it's going to be primary for the life of the line there are no closing costs associated with the leader bank one of credit call 781641. 8600. Point 781641. 8600. Are we promised you that we try to get you an answer as to whether or not is bull market will celebrate a sixth. Year birthday and we got some help that capacity -- we are joined by Brad McMillan Brad as the chief investment officer commonwealth financial Brad good morning. Good morning -- ordeal. Good good so. Help us out here have you heard we're debating. Along with our audience whether or not this bull markets Tennessee is sixth or not six year. I think it's quite possible. Because what we have here is we have a fairly long lived bull market it's been supported by fed easing expense supported by an improvement in the economy. If you look at it it's actually I think the fifth or sixth longest bull market dapper. So it's not like worrying completely unbroken territory here. So he could go -- but there -- signs too worried about as well. I worry yourself and I came across and and maybe can help me dispel it if you think it's not an important issue but. Margin debt hasn't margin debt are we borrowing more money to buy stocks and we've ever for a before. Yes that's absolutely true margin debt is it an all time high in terms of absolute dollars. What's interesting I I actually did a study on nests and what's interesting it's not necessarily be absolute level of margin debt it's. It's the margin debt as a percentage of the economy as a whole. As a percentage of GDP. And also how quickly it changes over taught at the matters. Now I mean they. Mean that if we get a correction it's going to be that much more accelerated. It's certainly could mean net and in fact what we're seeing here using using the metrics I just talked about you're only two times before. Where was -- margin debt is high in relation to the economy as a whole as it is right now. One was in 2007. And one was in early 2000. OK so. Those great early 2000 was on we had a pretty good correction right. And 2007. Week he didn't really falloff until 2008 but it started in 2007. Well that's why I say there are signs to worry about any other thing to worry about it in both of those cases what happened was margin debt. Was it very high levels that they grew they -- very very quickly. And that is also what we're seeing -- Which. When you see -- margin debt they do when you see the margin debt and then use also see investor sentiment seems to be. We we haven't had a good correction since 2011. It it almost seems like we've forgotten the lessons learned back in 2008. I think that's very true and if you look at the actual statistics for retail investors you. You're starting to see that in fact they are moving back into the market and increasing numbers. And what I do I work with financial advisors and you know a couple of years ago people were saying I wanna be cautious I don't want to run any -- and other saying. Well how did we -- last year you need to take more reps. And that's contrary site right there. Yes it is it is wouldn't let me ask you -- site I run into this this is a problem anytime I engage in one of these conversations with some of our audience. And they'll say to me. OK I wanna sell my stocks always asked them what do you do with the money went to sell. And -- exactly that's isn't that isn't that a real issue PSE if you sell your cash. You're gonna make I don't know two or 3% less than the rate of inflation. But you're also gonna exposed to a different set of breasts which you know have a heart fairly high correlation promote -- that's with the stock market. So you know to some extent the moving from one financial assets into another is kind of an illusory project protection. There's some protection there but not as much as people backed down. So you know there's different ways to do that I mean if you concerned about the market you can buy insurance in the form of ports against say a -- absentee. He Kia. You know that's one relatively easy way to tell -- another way to -- it is to just look at and say okay if they declined to certain amount I'm gonna go to cash and see what happens. Now the problem with that is if you do decide to do that you need to decide when you're gonna get back and tell. The problem their Brad as you're trying to time the market current. Well it's under certain circumstances timing the market actually leads to is superior returns. Arguably were under those circumstances now it's not a slam dunk but it's a -- proposition. It it may be that I -- do you know anybody that's had good success over a long period of time timing the market because I don't. Not in the US markets now and I think if you look at Japan -- that would have been a different story. And if you actually look at when kind of the market timing approach works and when it doesn't. And I've done the study. It actually makes sense when the markets are at historically high valuation levels. And the reason for that is when they're expensive there's more of a chance of a larger to court. -- ninety -- so what are you telling your advisors over their common. Well right now I don't think there's any reason to frankly be too concerned because of the technicals remain solid. You can make an argument that the market can continue to go up and at the end of the day that's what seems to be happening. But you need to be conscious. What can happen and what might happen and know what you gonna do it when you get a bill. Do you think any sectors are overpriced right now like you look at what's going on in the NASDAQ and you look at what's going on technique and technology stocks. Like I I I look at some of the valuations and -- cinema soft he would like how can Tesla be worth that much money you know like that it. That just screams bubble to me and then every time I save the stock was up another 10%. Well that's the thing the market can stay crazy -- longer than we can stay solvent. But if you look at if you look at Tesla for example. The argument for that it's not a car company. It's a battery company. And that to -- makes sense you look at Biotech I think there's a -- you know what you're looking for signs. Irrational exuberance could steal a phrase. You look at the number of IPOs that are out there. Why are they are so many companies looking to sell to the public right now. His money's easy pick. Up. Easy money out there -- all right -- Brad thank you for mark for joining us we appreciate it. Good talking he would thank you you know -- they'll be some information released this week that'll help us. Figure this out -- we get the jolts report ranked. That's -- job surveil -- job listings report. Yet Thursday claims and retail sales. But really you know additional earnings to next month and it's full month so we're we're sitting here right what is it march 10. And we have to wait until really the middle of April right before we get a lot of -- That's gonna tell us whether you know I did see Chinese manufacturing down 18% and had that that's disconcerting right if you look at that number and you say. How can it keep it army manufacturing was down 18%. Does the market would would crater yes -- in China China's it manufacturing base to capture. Sharp. Do you see the MarketWatch the seven signs that we're in markets about the iPhone I did it. This this isn't very -- and no I know I bet that's I etc. and I feel the responsibility. We have a responsible absolutely too. Let our audience know disinformation that's our job. This columnist and member number seven being fearing grew reader taking over. In it he says so when the market reaches the tipping point in we're getting very close investors and traders buy ATM anything groups. And they fear that the ailments are buying opportunity. And you yeah bottom line is he says that. We are in a dangerous place and investors need to be here -- Consider yourself warned folks. -- do we have the trivia question for our audience. Well Heidi is that Larry's show she has so many a bevy. Lots of -- I love this web pages are in the IRS tax code this is -- disgrace. This this is a disgrace I just sitting there reading it this week you yeah I'll bash. -- I'll bet a peaceful that folks I gotta tell you if there's anybody out there -- they've actually read the tax code they would be lying in airline got to care or aren't they are lying. How many pages other in the -- I can't even lift. Call that a ballot it is so I EU EU you'd have to go to the gym per month let me ask me is come it certainly doesn't come in one. Do this coming numerous different. -- -- to India and Nevis rental truck right in that that's a unit delivered you can Texas -- 68680. Go to our FaceBook page -- Website by the way -- -- dot com outlook for you to visit. And will have a place for you if you can tell -- how many pages there are in the -- tax code. I'm in the next segment we're being joined by Agnes. Is from Bloomberg ruby talked about the Ukraine they're -- and he trusted him. The the unity the this this story it's not an -- -- I mean it's beasts are asked right now. By the -- story right it's that's the number one news site you know this I have to say. -- it's not surprising that the markets are out there are a lot of things going on national they'll last week the markets rebounded. You know despite what was going. But the Ukrainian story is not legal way and Ukrainian stories starting to have an impact here in the united state. Number one. News and talk about. -- talk about that -- the when I wanna know bill is you know what's what's going on in Russia. The Russian economy is not exactly booming economy right. Is not a not a place that people are dying to immigrate to you don't you don't hear of a lot of people saying boy I can't wait to go to Russia on vacation. I can't and try to move I think Snowden was the only person I -- who graduate with Russia. -- -- -- You don't you don't -- absolutely no redeeming qualities about the Russian quality of life so we're gonna talk Agnes because. It was bad before. What was going on in the Ukraine itself sounds to me -- if Russia is becoming in even more difficult place to live since. This issue in the US is him and cnet's Erica Vladimir Putin. Has pushed himself against a wall now he's he's got a real problem. Almost like he doesn't care it's it's very strange isn't it. He wondered what she's all I can get to -- ulterior motive when it comes cute. Figure out what it is because they can't see how -- he wants that -- it -- that he very important -- report. It's -- to -- we'll talk about that power the Russian people sharing as a result of the -- conflict that's next. -- This is the financial exchange on the financial exchange radio network. Times are changing in your retirement plans are changing with that hello this is very Armstrong from the funny to exchange my dad retired almost twenty years ago and he receives a pension and medical benefits from his old employer these types of retirement plans have been replaced by a 41 K plan with a match you're responsible for planning your own retirement. This involves planning for income military benefits long term care and Social Security. We've created a guy that will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities -- through securities America -- member FINRASIPC. In advisory services offered through securities America advisors and Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliated feet. Experts at Web.Com -- to build your business a successful website for free just like they did for these Web.Com customers we used in and looked at other website designers. But there's nobody -- that would dot com. Web.Com can have your website built for free and -- running in his little seven days plus promote your site on all the major search engines like Google Yahoo! and -- if you're in business today and you don't have a plan presents you won't be taken seriously call now to get your website built for free if after thirty days you're happy with your new web site. We'll continue to provide promotion posting support and maintenance all for just one low monthly fee if not cancel and pay nothing. Call 855254. Site. 855 to fight for this ITT. 8552547483. Or go to Web.Com. Slash radio. There was no portrait of him that's an equity over -- -- right to take relinquished what cancellation unless otherwise purchase. The experts at Web.Com -- to build your business a successful website for free just like they did for these Web.Com customers we used in and looked at other website designers. There's nobody there at the moment -- Web.Com can have your website built for free and -- running in his little seven days plus promote your site on all the major search engines like Google Yahoo! and -- if you're in business today and you don't have a -- -- you won't be taken seriously call now to get your website built for free if after thirty days you're happy with your new web site. We'll continue to provide promotion posting support and maintenance Alford just one low monthly fee if not cancel and pay nothing. Call 855254. Site. 855254. Best ITT. 8552547483. Or go to Web.Com. Slash radio. There was no portrait and that's equity -- -- place right to take relinquished -- -- and unless otherwise -- I -- to London and if you're worried about your character Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assistant living alzheimer's care nursing home. Even important financial information. They had obviously researched every place not just given -- names. They Downey plays her which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who to thank them. So if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them. If you're struggling to find reliable senior living information for your mom or dad. Didn't call or go online to get the free help you need during this turbulent time call now 8046775. There. 804677530. What would you do and where we deter you just got a phone call from your mom and she tells you that your 83 year old -- needs to go into a nursing home hi I'm very -- the host of the financial exchange and yes I have received those phone calls and emails from our listeners they're scared. And they're looking for help you know that -- at a rate of 121000 dollars per month. The nursing home is going to wipe out the life savings of your parents and it's not gonna take very long is it. The law firm a crushing and dole and has written a free report called the top ten reasons to do state. And you can get your copy. By calling 866. 8485699. Now this guy provides DT -- information on the benefits of doing your state plane including protecting assets for the healthy spouse avoiding probate. Bloodline planning and a whole lot more find out more learn how this can help European 866848. 5699. That's the sound of people throwing out -- old. Recently installed unit and was stunned by the difference I had a. Say good -- to your. 888964. Way satisfaction guaranteed. Just go to to our house now dot com or call 888964. WA VE EK -- It's. Breaking business news first. Barry Armstrong and -- get arrogant on the financial exchange radio network. I know I'm not supposed to say the Ukraine. I have a brain defects and it just comes out -- -- You know I actually went through that same thing for a long time Ukraine I think everybody. -- it's just apologize to our Ukrainian listeners not intentional I'm not trying to do and well you. But at eighty and is sorry that you have to accept -- Hey speaking of being sorry you should be story for selecting such a difficult treatment nobody's got the talking has yet to but I have to tell you opt for what ever reason some you'd think -- 73954. O'clock it's that's correct. That is not correct what has to lose here attitude at Roxio or is anchoring. That's an extra reading this summer on the beach how many pages are in the IRS tax code it is not 73954. Idol guys read the -- -- some of those guys over Cushing handle and the attacks department they actually -- read the coat well they do so let me read in the market in the right age you'll be read. Think guys who sit on the beach -- it that I just you know. Wow who's that. He's slowly is good -- -- we had a happy that lovely as a guy is he by himself I should say it's. Our our guest is Agnes laws from Bloomberg News -- united in weeding to try to get some inside Russia information. -- I. I'm anxious to Hewitt Agassi has to say it -- some statistics and it what's the most surprising how quickly your economy. Started on that downhill track wants this whole situation in Ukraine. Became worldwide. Agnes good morning. Good morning -- And what's happened to to the Russian economy since -- started this whole dust up in new in Ukraine. Basically. The impact of the crisis is more most measurable. On the financial market. It's more the and most. And he and applied. In the in. But what good stock exchange and the Ruble has -- Public going down in value. In it's played. About 11% -- yet and seven and only this month. Didn't. Put in basically tightened his grip on Crimea. And my tech index. Adult could be down about a tenth and. Is he taking any pressure from the Oleg arcs over their -- are they get to the point where they're saying hey Vladimir you -- Back off this thing. Well I'm I'm actually -- -- -- and then ran back over the whole region. I don't have they today is into. Well it. -- -- -- Decade. Not so -- Albeit it in a happy and it was the fact that. That -- -- company. I'm just gonna say Agnes. I don't bet they they are more money with their exports than they pay for their imports but some of the things that they bring in -- just in their apparent for the people of that country. They buy food clothing medicine machinery that kind of thing. From Europe and China. What kind of expensive vacant seat as a result of that what's going to happen to the people of Russia. Well. Built by the immediate impact. Will be limited because of the accident. Clearly targeted at. Let them in TV channels. Paying. And is it to veto it sticks and -- and and like that we have not yet talking about trade. Trade embargo -- Especially European. Dependence on Russian energy it. They will think twice before. And it kept that in. Sure and that particular but their currency -- currency being so weak what do. What do you anticipate will happen there. Yes. Obviously it's really really bad news or. Ordinary Russian who will he dance. That is the pick and pop that. We didn't. -- it. And almost they've backed -- -- The Russian establishment. Hey they cancel. About. In -- providing decent wage is -- and the national. With the the other issue I think Agnes is nobody wants to buy their -- -- rated by Russia -- issued debt. And there -- heck of time I looked at the rates. Nobody nobody including me I wouldn't buy Russian arms right now because I -- they defaulted back in the ninety's right data sunscreen when I. Well what's to stop them from doing the same thing again. The impact of that already standing Russian -- been evident. Yzerman and yield rising. Quite rapidly and now credit default well. -- Have because -- he the benefit of you know this in basically measures. Detection of credit been. And Wendy and I it means that. Lessons. Predict that -- -- You know making. -- It's not likely to accounting and credit rating downgrade immediately. -- news. -- And government debt. Equivalent to you about 15% of GDP. You know they have but before. People. That at -- might become and -- Mary -- thank you very much for your time we appreciate it. That's Agnes Abbas from Bloomberg News and not take him. As an investor. In just think back member of the financial crisis in the ninety's -- has brought on -- just -- halted on the net and I unit institutional investors are gonna stay away from them. You know these big they're going to have major financial problems. -- result absolutely you know it's interesting because there. Their economy was slowing anyway. Before this all started and gave you an idea what -- talking about here they're on GDP. Grew by one point 3% last year as compared to your report which was 3.4 percent. So occasion idea and they were already. Headed towards issues and now. You have all of this happening. To us that they weren't real strong foundation when it comes to an emerging market. 686 cities -- -- number were still waiting for the answer to a trivia question how many pages are in the Internal Revenue Service tax code you know the answer. Text us at 68680. Up next -- speaker. From Morningstar joins us to talk about usually she'll have a couple mutual funds -- ET effort to pressed take a look at that's next. And bury Armstrong. Right here on the financial exchange on the -- where you network. Yes times are changing in your retirement plans are changing with them hello this is very Armstrong from the financial exchange my dad retired almost twenty years ago and he receives a pension and medical benefits from his old employer these types of retirement plans have been replaced by a 401K plan with a match you're responsible for planning your own retirement this involves planning for income military benefits long term care and Social Security. We've created a guy. That will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities offered through securities America -- member FINRASIPC. In advisory services offered through securities America advisors and Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliated. -- it was another clip from the actual truth notebook. After months of a virtual media black out that a little press has finally discovered the case a Justine a Pelletier. The fifteen year old mitochondria patient ripped from -- and we like easy yep and kept in virtual isolation for more than a year. Justine is treatment is so bad but the last time repayment was allowed there one hour once a week visit. There were five DCS workers and arms to eighty in the room all the guard one sick teenager. As state rep mark on -- put it what -- -- -- didn't put that much effort into the Jeremiah Oliver case. Represented Lombardo is one of the many people outraged by the treatment of the Pelletier namely. He's asking the house to hold hearings in the case so -- -- can explain their procedures and policies. You can support just Dina by calling emailing your -- Asking them to do the same for more than actual truth check my columns in the Boston Herald. For -- Michael Graham. Hi I'm dying -- -- I'm a senior Medicare patrol volunteer. Our program sponsored by Medicare and the US Department of Health and Human Services help seniors trying to protect themselves from Medicare fraud and scams. For instance if -- Medicare beneficiaries. And you're approached with an offer of free medical equipment and services watch out. If it sounds too good to be true it probably has call 1800 Medicare to retorted and go to stop Medicare fraud dot -- To find lots of useful tips and important information. About new fraud fighting tools that Medicare now hasn't thanks to the health care law. -- resource is to help law enforcement crackdown on criminals and return tax Payer dollars to the Medicare trust fund. And how you can get involved in the fight against five. Gotta stop Medicare fraud dot gov and help make Medicare stronger for all of us a message from Medicare and the US Department of Health and Human Services. Who's watching your home when you're not there it could be burglar or burglars prefer to break in when they think no one is home and no one will stop them. Don't be an easy target for intruders protect your home with a free security system monitored by EDT the leader in home security. Call now and get free hardware free medical and fire alert and free activation it's an 850 dollar value call right now and you'll also get 63 sensors that six points -- protection for free just call protect your home authorized EDT dealer at 18889873232. You'll get 24 hour protection and there's no cost or parts or activation. Call now about a free security system monitored by EDT. Call 1888987323299. Dollar installation charge 36 month monitoring agreement at 3599 per month total package includes six store windows sensors labor charges may apply call for terms and conditions to this offer and protect your -- license numbers called L 18889873232. Called him on Twitter I cagey characters in its Barry -- and interrogate. On the financial exchange radio network. The Dow is down 65. Points and got -- and trading -- 101 dollars a barrel. Gasoline prices. High school smokes. Yeah and had a high and they are headed higher which really stinks you know all the uncertainty -- in Ukraine. Has set prices soaring at the pumps so let's take a look the national average in the last two weeks has jumped almost in the sense. It's at three dollars 47 cents or Massachusetts or higher averages just 359 or and a -- today out what I looked to see -- by the cheapest in the lowest prices. And this morning the lowest price was son in Dortmund in at a gas station for three dollars and 34 cents highest was in Boston and Columbus. Three dollars and 99 cents. Here in Massachusetts in a week we were up two cents at the national average again up almost ten cents or two weeks thanks to what's happened. Ukraine should get ripped off on those two gas stations and 120 you know give it to -- over like -- You're at a gas rates that's why my hair in your honor and it's easy convenient. And they they wouldn't -- an extra twenty it's absolutely they do well just like what we decide to appearance. At their very few gas stations in the city. -- you always Connecticut. Clobbered there's three. The text question for all of you out there are 66 CDs or text number here's my question. If you could take -- blood test to determine. Whether or not you were going to have alzheimer's in your later years would you take such a blood test. What about you can pick one I -- you know I have very mixed emotions about this I think I would because I think that there are ways to stave it off and probably even more dramatic ways then I'd know right now if I was. Confronted with this indicates it was a medical person. So I guess I would want it now I think there's some world drawbacks to -- I don't you know when you waiting for to happen. Well when you're waiting for to have sort of forget where later classes I would think that you. He's the first signs which would panic but at some. ST each everything is so additional privacy. So I have to wonder if you took that test could keep that. Price and I don't know because that I would -- would it affect your insurance and your insurance company could drop the what if your employer science. You know if you're someone who's. 55 years old and not showing any signs that your player now knows that you European you know early stages of alzheimer's but don't they make it -- a lot of things -- I asked the question because it's isn't it a reality. Well well yes it is -- lotteries are still. This just came out the last couple days and doctors have determined. At their ions in your blood there about ten of them that if these ten ions are high -- then then this is that a precursor for alzheimer's and it seemed to be almost 90%. Accurate highly accurate so highly accurate but the argument by by many sources including Alzheimer's Association is that there needs to be. More years of research to determine what the new SP Hastert testing these. Primarily with him and then they stayed with him for five years and 9%. In fact develop alzheimer's and can I get -- -- now I don't I don't know Canberra think it's still in bed. The early testing stages. I think you have to be chosen for. -- -- studies. To get the test but they think it's an incredible breakthrough because obviously. If we can determine earlier that may -- you can take an individual can give the market for treatment decision. In fact you know people actually for a long time will become you know test test you know. -- that he will finally says he would take the test and eat lots of yellow mustard because yellow mustard. Cures alzheimer's now I did not know. I didn't know what -- error I've never heard of that but you know like I do think -- diet acting there's exercise I think there's things you can stay away from. There are. Have been proven so far to stave off a nightly exercise part of that great exercise and diet to things in and lifestyle rate right try to get some sleep shortly exercise -- for the longest time and it kind of -- effort -- you know aluminum -- An issue -- alzheimer's patients we mean the electorate it's -- a -- well. Being exposed to even as simplistic I heard that aluminum foil wrapping things you know -- yeah. So as the kinds of things once it sure for sure but I think it's I think it's promising I hope they are you know I think. I think they're on to something and I hope they are because I that's the quickest ways to identify it to work make injuries -- in town. Balls did -- give you -- winner for first tribute you're very difficult trivia but she did and actually that we ever got it. It's Robin. And Robin is at work today and she is she I think she was one who gave us. The number which was 73000. It's actually 74600. And that's the number were blown off of the problems closest she was the closest -- -- Closes good enough in anger needs abortions. And and evidently trivia I hit an engine to delicate I would tell you her last name but unfortunately. These areas right at hand. -- -- -- -- -- -- -- Exactly -- but it -- -- is Robin Robin does it work today and she's history. We go to. Fix it but what about this day and here's something first -- we start off with dropped and a blood test -- can take. To. Find out if you're going to get alzheimer's. Now there's a medical device that week in use. To helpless will lose what you want to lose money do this after. A quick assortment. It's apparently used overseas a lot -- it's. It's hard to tell but it that would -- it it's mostly -- for people who were battling type two diabetes who frequently they're Pletcher is bad obviously and there are overweight. So what this does is it's too small to -- insert this through. Your ear nose and down and Egypt's USQ a portion of your intestines when it comes to digesting. And other -- are supposed to. Impacted your appetite to -- and -- -- not as hungry so what they're hoping this will do is it will do away with all the weight loss surgeries which they're extremely expensive and very risky guy -- -- cells that tale -- I think a lot of people and in some cases aren't really effective -- but it tube down your -- with a student wrote in this again this helps to reduce. You don't absorb future in the past that's exactly right much of it anyway and they anticipate you'll lose anywhere from ten to 20% your body fat in twelve months can you take it out after its stock in their argument -- -- can -- But it. I I don't do what I am trying -- those drug dangers I would. The two blocks on interaction between the food and hormones accretion and that's what -- but I'm trying to figure out -- You know dean -- -- all side effects. I don't I -- used it is used in France and Germany and Australia I mean it's and it's working and it is working so. It's it's a device coming to. You know a doctor's office near you very sad that it. They average take a look at pot TV ads apparently been squelched and we have another true -- -- not going to be taking a look at yeah. And down and we have an -- question coming up next. Breaking business news first Eric Armstrong. RK oh Cartoon Network in the -- and we met he came in an epiphany and was wow. He informed me fishing you know there's this vehicle which. God did use to bring my -- -- -- And that is powerful powerful thing. My name is make CNN -- my husband today and cut spending now joined Christian legal dot com today and find God's not treat you. Joining is easy and free. So go to Christian -- dot com today. If you're like millions of hardworking Americans who decide that the craziness of Wall Street and Washington -- too much to deal with so you retreated to cash them listen closely although the idea to protect yourself was good. We are now realizing that earning next to nothing in the banks just won't cut it. Alternative investments that provides safety and interest as high as 6% just may be perfect what you're trying to do I'm Derek -- message. And -- can turn those lousy savings accounts around call 508591544450. -- 591. 5444. Or visit us on the web at www. SHP financial dot com. Every day that goes by we don't earn money if the dollar continues to shrink in value is chopped up in my book as a loss turn the page on low interest rates -- thousands of new englanders have done over the last few years. A look forward to helping you -- call 5085915444. That's 5085915444. And. Page -- so -- -- -- -- Its just me here jamaat I got your newsletter pretty fancy photos coupons to and was it -- -- silly I these Constant Contact and really. Constant Contact dot com it's so easy they make me look like a million bucks and emails -- really work well yeah it got you when he today did that. Trichet. Constant Contact -- -- plans as low as fifteen dollars a month with a free sixty day trial. Text your questions or comments this X 8680. Dealers and Armstrong and Tim Harrington on the financial exchange radio network. All right can hit us with another trivia question trying to make this -- -- -- -- -- tough one. -- is that a woman got it at -- -- okay. Really easy you're such a wit I -- -- a little bit Monday -- The first US. -- first. I had the Rockefeller Rockefeller. -- mile. Rockefeller thank. Oh. Desperate there I don't know I'm stumped. Who could be it could vinegar Carnegie. Steel. Yeah -- -- and I think it's rocket. Is an award you know if it means to him as it is now. 68680. Is our text number doubt there was a woman sitting next -- help with. I'm just not suggest hand. That's okay lobby and six cities like any of their Texan who's the first billionaire in the United States. Teller but a quick about these commercials a close -- I guess -- a problem now we told everybody April 20 of his lane. Marijuana. Would begin to get advertised in Massachusetts on. And I contests not the ads were offensive for some reason and put the kibosh apparently. Not so bad don't yeah I I just. -- -- They are supposed to run Jersey -- with the likely -- to. Obviously. Obviously Comcast has decided that they'd just -- that pot -- -- their money. Short Comcast. Has just to. Meet the year contest -- -- it just. Got a they're media company. Not. Only that immediately. Like isn't it. It seems stupid. The ads must've been so bad. That's why I would love to be seen as I would eat your political yes he peaking groundless who can play date that gas guzzling the Colorado at CP yes absolutely said. Said the studio so I intended to run. We're still waiting for your correct answer to a trivia question which was who was the first. Billionaire. In the United States very cute and American billionaire if you know the answer to that trivia question. Texas the answer our -- number 680 succeed. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new AT mobile is now available for free and iTunes AP mobile where the news gets its news. Hi this is -- -- and from financial focus tune in each morning from eight to nine right guard AM 11:20 am thirteen ninety and -- money matters boston.com. Times are changing in your retirement plans are changing with them hello this is very Armstrong from the financial exchange my dad retired almost twenty years ago and he receives a pension and medical benefits from his old employer these types of retirement plans have been replaced by a 401K plan with a match you're responsible for planning your own retirement this involves planning for income military benefits long term care and Social Security. We've created a guy that will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for a prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities offered through securities America -- member FINRASIPC. In advisory services offered through securities America advisors thank Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliated. Some nights -- can't get to sleep some nights I can't seriously if you -- some I can do both. You do some sleep -- are clinically proven to help you fall asleep 33% faster and keep you sleep longer -- get a more restful night's sleep. Mean -- ingredient not found another leading sleep aids -- -- some sleep tabs are safe and non habit forming just one pill takes the answer in the other bedtime giving you this week you need so wake up ready to go. You know some sleep chads fall asleep faster sleep longer. It there are strong here with your financial exchange quick tip of the day joining me today from SH OP financial is -- Greg -- -- I wanted to talk to you about how the consumer somebody -- maybe 67 years old. Can use an annuity to protect themselves from an arsenal. Annuities have come along way in terms of how they can protect you for nursing home. The long term care costs. Nowadays. If you adding we we spoke about on the pass an income rider sure and let's see your getting you know point 5000 a year for life one of these annuities. In god forbid you or your spouse was sick a lot of these annuities have a benefit now that will leave there. Double or triple that pale for a period of time wire in the nursing home receiving home health care. In -- Sinatra and asking so it triggers -- in the nursing home or if you're receiving care because most people I know wanna stay home. That the top one on the industry actually is based no matter where you are as long as you can qualify for two of the six activities do it right so if you are effectively disabled or I'm guessing if you're suffering from dementia you would qualify exactly. Exactly so as long as you need that benefit. -- no matter where you are filled bubble for up to a certain period of time in even if you -- -- original value of your annuity. The payments we'll still continue at the original -- even after the carries. Pleaded very interesting well folks clearly annuities have become very complex. Financial products if he'd like to learn more. Call this number it's 508. 591. 5444. Request the annuity owners manual called the annuity owners Manuel made available to you. From SHP financial the phone number is 508. 5915444. You can use annuities to protect your loved ones from the high cost of a nursing home makes a lot of sense to me. 5085915444. This is no money matters radio network and online and money -- talking jungle -- Johnson of Newton -- dental partners about the rejuvenating powers of great chemistry. So high school teacher that came in last week we laid out a treatment plan and I told her in a week we can have you looking pretty much brand new. And she was very excited came in. We did the work that if she got us didn't hop. She was so. Being that we were able to transform her in one visit. -- the results really were amazing. Replacing tired industry does more than just improve your health and your smile. It can transform how you look and feel. All reservists in case she looked 1015. Years younger I saw our subsequent visit. And she makes you better make non compete better head. Year. The doctor Ryan Johnson difference at Newton Wellesley dental partners dot com call 6179651225617. 9651225. For people who seek and expect excellence. -- 3 AM you guys really are always there between where seven that's like -- -- -- my mother could. My own this is the -- and it -- its top -- text and no Christian at -- -- Monica please -- pop up following. Top. All okay Kristen quickly back. State farm is there for you 24/7. Like no one else can get to a better stay home 100 state farm today and. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Trying to sell your old car instead donate your vehicle to heritage for the blight pick up these -- and your donation is tax deductible just call 1808958035. Heritage for the blind accepts cars vans trucks and boats whether they run or not donate your vehicle and you'll receive a free three day vacation voucher to over fifty locations. Call 1808958035. That's 1808958035. We're always hold on your checkbooks and get your portfolios break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Very quietly in the stock market selling off and got it -- down 116 points now. So no and and does seem to be any major news. And certainly no earnings announcements known cause and. I think this is uncertainty. Do you focus this morning at a plane down without a bomb went -- that it. You know technically brain that is just maps and Ukrainian prime minister on his way here. It makes us. It's just all your -- asking extra questions that are weak too tough for you that was at Rockefeller. Well you said Rockefeller and those of you listening followed there and just let it. It's a single trip in of itself on and writes this as it was 11% G. Day. Which in today's dollars 330. Dollars. That would -- out by the way that's the wrong answer. Not rocket now Oklahoma JP more it's not JPMorgan it's not a Vanderbilt Thomas Edison -- it's not -- -- -- Howard Hughes. Two -- Ted Turner to enter. Bill Gates. So we had a few years before. Want guys think about it you know who it is out there. 68680 is a text number who was America's first billionaire if you know the correct answer you win a prize. Those fleece pullover and you still need one because it is cold as the Dickens. -- speaking. About investing we're going to be joined now by -- speak from Morningstar she's got a couple mutual funds to chat with us about Katherine good morning. Good let's take a look at this vanguard star fund DE GST. -- what can you tell us about Katherine. It is a balance unattended morningstar's moderate allocation category and it divide the assets that 60% and -- and 40% and and that gives -- exposure at two different asset classes. Really can't anchor for a portfolio we're pretty mustered just starting out to get exposure to coupled pretty asset classes. You know it's funny you brought this fund up because. When I I have a lot of nieces and nephews and they always ask me. Which should I buy is my first investment sitting with my kids what should I advise the first investment. And a lot of times I'll say to them use a balanced mutual fund because they don't lose money too often like a fun like this Katherine. How many down years would it have out of twenty or thirty years. Well it isn't immune to losses that just like a lot of fun that is the is that significant portion about the Japanese at a much security -- hundred people. But the -- -- down about 25%. Okay. How about the MFS total return because that's your second of mutual fund the civil forties MS FRX is this also a balanced fund. It isn't that the exact same division between Iraq and -- that -- -- fun but it's its management and I thought that it got a little bit of a different exposure. Within the stock and I'm portfolios. Well not that maybe just a category it -- look at -- -- -- specifics of what it actually is an -- and. -- -- And and I assume the are these both highly rated with Morningstar for five SARS. APR they have located metal I got the better sport looking frustrating is that and the facts and that bond rating and the standard and as a separate. Explain that to -- because the star rating news historical this -- Exactly for the star rating is based on historical risk adjusted performance in that category while infiltrated. Sport looking that we look at performed well got a look at the process the managers at parent company to -- Try to come up with whether -- is that good investment long term going forward. That's a good balances and because you can say OK this guy this as a gold star. And it's the same manager that's been their for ten years where they've had a four star rating. That that's that's a pretty good indicator thank. Right they're both so really it's they just started you're looking for an announcement. Target Catherine thank you know you. Appreciate time. Ari can -- we've we've all we need plenty rule and for the -- very difficult. Question and George know George Washington was first guest acts somebody from Connecticut yes George lock in Amman. Warren Buffett -- was not born and it was it was at Vanderbilt ago. Cursor Getty now. It was Henry forward of course Iowa is straight forward. With building cars. It's a race and everything else I did pretty well in 1914. -- he certainly did. The I was just checking. After. About stock -- -- styles mr. suitors in our information. About what's going on and still nothing nothing it's just. It is amazing to me. -- huge jet like. That happens I think you nailed about the stock market. People are you know is being that you're -- plaintiff. Now I'm -- played Friday and it was going to be in my mind of course it's courses and you know what is more I mean I hadn't thought about this and we can talk about it you know. -- earthquake on the West Coast -- Measuring about six point on the richter scale that at least people shaking literally and you know figuratively -- a lot of tough news this morning. Arizona's and waterfront here it is. And hear about this new restaurant. -- opening up in Nationalists called the -- did kilts. Is -- a restaurant or Lou literally got going here very familiar with the tilt that skill -- that you are intelligent well. Well I mean come -- like -- -- these kind of looters. -- even better than tutors her not as it is an Odyssey advertisement and there came as a more provocative or less provocative. Well there -- scale and at the they Wear skirts kilts and they're really really. Short. And then they are cut and such a way in the front that they're really really really -- to some of the hooters girls are not that I just. I don't mean to be we were talking about their particular walks were talking with the -- yeah -- -- the tilted -- I think and have pretty girls at least. Is that as a starter for a -- and I'll ask you guys out there 68680s or text them have you ever walked -- looters. On several occasions usually it's around hockey -- Probably be our turn and it's and you know sort of -- we would end up as the leaders who bullies lob. And you and I think I -- to the hitters early he's right now that all of the weeks. Girls just -- not. I think your I think your standard has changed a little -- some of that has to do it thank concede some times but. Because these restaurants. Restaurant restaurant well I call them. And are serving chicken and apparently so yes. And they are opening one up in -- In this is -- -- -- killed in the papers there have fought this for quite some time line which is really sort of ridiculous I mean in this day and age for goodness sakes it's not gonna strip club and candidate. At a strip club is a restaurant -- And you know these these women are scantily clad because they get more tips and let's just face it -- like you guys come in after couple Beers. Absolutely so they are there making money. Their living by all the same rules and regulations that any restaurant would it and bars hours will be the same. And quite frankly -- my understanding of it is that it's going into some canister -- Where it's it's almost deserted so they need business you know. So why not entering the business and then in those neighborhoods so be it certainly not bring down. You know I I remember there was tilted -- that was trying to come in Q Massachusetts and it was coming in and I don't remember which town it was right across the street from the church. Hopefully -- Error was. You can only imagine I did I say more and you don't wanna have to look that up and find out if in fact that never that never passed that the tilted -- folks in the. Hampshire coming to to a mall near you. Are either with the kids get a lot out there about you and Betty. Researching it -- am going to see my friends at New Hampshire I'm gonna know exactly -- inside AJ has a frequent -- club car. On -- because that guy they wanted -- you occidental today. Despite fear I'm hoping one of them -- -- for -- they make a -- -- analyst and his prom date is I think. We're got murders architecture. And now let's go at it hey I. I have something to tell you as it relates to legal documents and trust generally. I told you last week that Massachusetts. Is one of the worst states you can -- -- Because of the very high rate of the state taxes where Italian the other New England states Rhode Island Connecticut Vermont and Maine are also. Really bad states from an estate tax perspective one of the things that you might wanna do this just my suggestion. You might wanna get a guide. That explains all the differences to you between revoke global and irrevocable trusts because many of the estate taxes that get paid camp are paid on a a voluntary basis they get paid because people didn't do their trust or they didn't do their planning if you don't do it imagine how you feel you're worth a 10000052 million bucks. And you pay in state tax and a hundred grand be just because you were too lazy he just didn't get around to. Doing your trust document -- it happens it happens all the time if you're worth less than two million dollars you should pay a -- in state taxes. But if you're worth over a million and you haven't on your trusts you will pay estate taxes you pay a lot of them it's all detailed in this free guide it's made available compliments of Cushing and -- and that's a law firm. 8668485699. Is the number you call that 866. 848. 5699. Called that number and request this -- just called the differences between revolt global. And irrevocable trusts free of charge 866. 8485699. At 8668485699. Our -- I understand that LL be. Had a pretty good -- Point today however it's amazing. And as a result they're gonna really. He'd been sort of holding back a bit conservative company and they've tried to you know and make this company of what it's even though it's very very old Tyler you know years. But it's good times and it's bad times but it held back and being conservative and the result. It was a really big year of revenue until a lot of it is that they're. They are now targeting marketing to a much younger crowd that pack of young hipper. Law. And then their -- -- I -- my shirts. That night might this shirt I'm wearing yes hello the united -- do that Dave York RD year you're pressured them and I know you're gonna enough. I gotta tell you we order AG's. Sharks from LL -- and the reason. Because he has a dress code query goes to school and he's gonna have a button down and you can wash. Their shirts and they come out looking just like your shirt does now -- and as you can imagine -- -- run -- his -- to the cleaners constantly would be ridiculous. So I buy their LL being shirts that are like pre start there is -- for Britney -- can't believe what they look like it's amazing it's amazing. So that's a really cool things they have that we are back but apparently they have a pair of boots a really cool but they do my daughter by your boots -- -- has taken on what is -- -- and so -- so there has been a hundred million dollars as a result. To upgrade their stores and to expand their stores and they gave their employees and 8% below business center. Yeah first -- they'd given him a bonus in years. So lot. Good for them we had to stick around to get the -- issue didn't go through those tough years where they were trying to make things 8% to heck of -- bonus -- -- that you're you're making fifty grand a year he's got a bonus for Brent thank you. That's the captured justice Anthony -- -- -- fulfills a full time employee it's a been report me at that that's good money. Good for them needs at Rainier it's a company that did the right things. You know they got the bad times and good reason to. Did you see this story here at a California I think this is really interesting it's sort of leads to another trivia question to a one -- -- today. Really interesting because you know how we keep talking about income. Spared you we've got you know 1% at the top and nobody -- Well they're they're -- you state that proves this more than the state of California can. And Jerry Brown is out there campaigning again. And he's talking about this gap on the ticket. In the -- Californians. Millionaires. Keep you know household with assets of more than in dollars it increased three point 6% since Democrats have been in office -- year 2011. Compared to 3.5 percent across the country can. And the number of people who were. I had to collect food stamps has also increased in that time eighteen point 2% in the time period in California. First nine point 4% nation. So they have more millionaires per capita and more people on. On food stamps. All of this last for four years. That Armenians living advertised -- to him out there you're in California. You'll see agencies here but not as much you'll see billboards in California. Saying you're eligible. You might be eligible for food stamps and they give them out to their illegals like they can't write -- mean eight. But in California also leads the country. In illegal immigrants are great and rightly aliens what are called immunity they are people that -- girl problem right right I like I target date they've got an issue. -- will indeed did you run. The percentage of the poppy California population that's until it's answered it. Just. -- because I'll try to get it let's see if we now right. But the percentages but it's just too weak is the fact that -- increased between 2011 now eighteen point 2%. That's a lot so witty do you have a trivia question -- well so this you know it leads you start asking what kind of what's percentage of people on food stamps here. In New England right so while we took a look at this and down and in Massachusetts 13% of the population is its. In Vermont at 16%. In New Hampshire 9% Rhode Island is at 17%. -- huge unemployment -- there it is well. Maine is 19%. And Connecticut I have to -- surprise connect 12%. I would have thought it would be lowered significantly. Every seeks sit here they already have it Hartford new Haiti and Bridgeport days it's like. That those are really bad neighborhoods. -- New Hampshire though isn't it striking New Hampshire. You know of the long -- -- at a state was lone conservative state out of the six New England states and they have a 9% of their populations on food stamps. Look at me in 19% of the main population is on food stamps. It's. Part of that. Streak on the streets are very rural population evidently very impoverished populace. Well it. It leads and we don't work out question of the day era trivia question but I just -- all the information was so interesting it lets you know it's amazing. How much of the population. Food stamps -- where do you think is the highest. Number which date. I just said that that discrepancy is pretty dramatic and California were highest in the discrepancy between billionaires vs those. But that's not the highest state when it comes to people on food stamps. So which state do you think has added I -- today it's not. OK now we know that means the highest in New England at 19% of its not very far off. Being number though which is so it's higher than me yesterday so you would what stayed is that if you know the state which state went up to about 8% the percentage is 22%. Easier to guess which city do you think it is I think in Alabama. Right that's of course to well it's definitely tendencies of -- Kentucky is were on the -- states in the country because definitely. It's definitely the worst states in the country worst in the country which is pretty clear. Me. State it was report states to -- -- with the coast. You can end up ups upstate. -- Start. 686 cities or text and or what state has the highest percentage of their population on. Food stamps. And if you know the answer you win yourself belief least 68680. What's this ideally that company way fear there may is a woman did you make a lot of news. But the -- -- furniture -- -- and emulated right I deal by. But hey you like it wouldn't buy a bureau wouldn't buy a bid though like I tried to frequently what kind of furniture would you would you buy -- just outfitted a house. To buy anything online predator and I am are they on the chopper but. I think that at this is just when I see wafers name out there it's from Amazon. So if you serve alone or in the only fair separate from and I'll tell you you know -- -- -- search Amazon you see like from other distributors are from a storm only fair is. All over well yes well actually what with what we have with welfare department were correctly guys that. In the beginning that was their soul. Web presence was on Amazon. But now they have their website. So -- you can actually go and I am assuming its -- -- dot com I don't know I haven't tried it. But now they have their own website and they they wanna go public and growing sales mean they are growing -- revenue. Like there revenue has increased dramatically since they have actually open up that their marketplace. In 915. Million dollars of revenue in 2013. That's a 55%. Increase over the previous year. That's pretty darn good they're gone public yet they are on public -- did not officially new -- Regis suspecting that there aren't that they're going. They resolve this venture capital that's that's recently that they're going public that so we're waiting to hear from them and and and if they do. They'll be set up as probably the biggest IPO out of Boston this year. He has EEO have -- 182 year run recently we use for ulcers at Verizon Verizon for Verizon. To. I -- AT&T and price break. ATT's and pricing more thanks Dave can't -- They they cut the price of their mobile share value plan by fifteen dollars. To 65 dollars a month the carrier announced this weekend the price. Is for customers with one full line using the four GL TE network and includes two gigabytes of data. Plus unlimited talk and text in the United States. So that's pretty good deal is it. Nader -- they're getting into with that T-Mobile will that. Remember we read report on active earlier this year when when that show was going out there electronics it was going down. In Vegas that team local ball Aussie you're stopped they're just making huge. Seat. In an effort to -- -- the -- -- working it is it is and it's got AT&T really shook up at the time AT&T -- You know they were offering all kinds of crazy things. That kind of branding -- -- that as has T-Mobile. -- come back that is well yeah they're definitely the three are in a big in a big war -- pricing and it's good for consumers. Good for consumers not necessarily good for stockholders the beginning of the down and -- AT&T shares this morning are down thirteen cents at thirty to 41. Now you might say to yourself well that's not often well they were Ty is 39 dollars a share while during the last year parts of that gives you an indication. Now if you buy shares of eighteen today AT&T today he loved by them for 31 or thirty to forty here you're giving a tax qualified dividend of five point 7%. And usually pay 50% taxi getting. That's a good dividend for right five point 7%. Very few people are gonna argue that five point 7% dividend is healthy dividend and you'll have to pay taxes on a rate 15% that's a win win. Pay out what state in the country has the highest percentage of its population on food stamps. Purity no part of the answer. We'll give you the rest of the answer when we return. This is the financial exchange. 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This involves planning for income military benefits long term care and Social Security. We've created a guy that will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities offered through securities America -- member FINRASIPC. In advisory services offered through securities America advisors and Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliated. -- -- to London and appear worried about your character Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing home. Even important financial information. 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Yeah okay. -- best in business that isn't right here. Barry on stroke and can carry him. On the financial exchange radio. All right -- asks you what. State has the highest percentage of the population on food stamps. In many view against Michigan and Puerto Rico Puerto Rico is not a state -- he'd be great if it was a state Arkansas West Virginia Virginia. Louisiana Vermont to New York Rhode Island Ohio South Dakota Hawaii Tennessee Georgia Florida Alaska and Texas. If he -- any of those you're wrong we're still look at. 68680. Is our text number. What state has the highest percentage of its population on food stamps will have the cork in -- for you momentarily. But more importantly. Right now you know Jim there's a lot of stuff -- did you over the weekend did you read the president's budget. Well I didn't read it you know like it highlights from this Robert Powell. Right after show that he's coming up right when he's going to I'm not -- -- he read the 74000 page tax code in the -- jump right over to the president's budget. He joins us now Robert Gallery today. Well Barry -- -- let's go to Georgia. I wanted to talk to you about your article regarding some of the hidden. Items inside of the president's agenda and budget I read some of them as well showing what an exciting like pilot. Some pretty significant changes going to be made to Social Security his budget were to pass. Right that the good news is that he's -- -- at least drop the proposal to. Have the annual polls security cola. Possibly an adjustment. Tied to change CPI. And he said that in order for us to do that that would have done in the context of a grand bargain would deficit reduction plan. So that's a good news that that that's say that the that's that -- That would have been lowered the -- is that seniors guts -- away Europeans and others to block against. One on -- The did the big thing that happened -- Medicare also was having about four and seven. Billion dollars in cuts over the next ten years. And most most of the savings would come from. Align Medicare prescription -- repayment of Medicaid in -- things but. Is about 68 billion dollars in costs that would be spread on to beneficiaries in the next ten years and people need to know about vote. So some of those include increasing the income related part being part. 50000 -- we talk about that. Last week people on people don't know that they're getting. That they at the table for part -- -- he would have -- come over certain. He 5000 severely reduce that level to eat 50000. About it without yeah. And then today that it they're increasing brand name prescription drug co payments -- part the requiring -- released a higher part B deductible and then increasing part B premiums. The beneficiaries who by generous Medigap policy. So a lot of changes that would come if this you know budget -- it. So it sounds like the the the agenda is penalize people who saved for retirement and accumulated wealth during their working years. Yeah notes that because it's a positive incentive. Dave yeah is it the right thing an analyst -- you find that you know people are robbing Peter and Paul easily. I can contain as much as 400 dollars for almost 400 dollar treat Medicare part B right if you happen to have a lot of income post the other -- five. So that that that you know the the bad it is. If your state very talented no problem in -- more -- -- -- -- -- the other big change various perhaps to do with -- IRA. So. They have been the proposal right again to a proposal but it would require. Our -- a raw fiery owners at age seventy and a half which is same as or other retirement account is now. But at the moment is one of the great things about -- irate is that you're the owner don't you don't have to take -- aren't these -- happened you can. That's -- you did in the first place right. That's -- open in the first place you know warranties. Adamant that. Don't give beneficiaries and only you know they have to take on these when he inherited but it grows tax. Deterred forever and lead Don and that would go away. One. It's just that it hits just keep on -- on -- I'm afraid dealt with directly to only proposal buried and -- what what will happen here as it will you know go through a round of negotiations. And I suspect that some of that psychopath but not all that. Knew him then there is some stuff in there about Social Security to jury that like you you're not condone the file and suspend and all those. Yes no that's not been where people are you know sort of taking advantage of that a loophole it's just how obscurity is organized but people are now being told to take advantage of bio. The claim suspense strategy which allows band to you know have their spouse -- there at the spousal benefit. And at their. That. Increase and -- and get back on the date seventy and and you know it's legal. And so right by the government -- watching this is beyond me you know most people so they -- but it is only a small practice people actually I think follow the strategy. It let it not very many people 76% of filers collective Social Security early. Yes so watch what we want to penalize people sport you know taking -- when they take -- -- -- but being Smart enough to. To hell out of -- might so scared that. Now a good question good question but this like to your point it all has to get your Republican congress -- It does -- I think the odds of that happening you know especially given the lobbying that the insurgency. That mutual fund industry and others in precedence parties. You know it's not an -- Bob thank you very much for your time. As Bob colleges today you know it -- you go oh you think about how many people. Opened up a raw diary that her recent right -- Iowa I -- convert my diary to a Roth Larry soon have to take aren't. And now all of a sudden. Change -- so that extra second capital that's no I don't think -- All right. We will be right back and we come back I promise to give the answer to the question which is. What state in the country has the highest percentage of its population on food stamps X 8680 is our text them. It's very Armstrong. Right here on the financial exchange on the WRK -- where you networks. The experts -- Web.Com -- to build your business a successful website for free just like they did for these Web.Com customers -- -- used in and looked at other website designers. But there's nobody better -- -- Web.Com can have your website built for free and often running in his little seven days plus promote your site on all the major search engines like Google Yahoo! and -- if you're in business today and you don't have a web presence -- you won't be taken seriously call now to get your website built for free if after thirty days you're happy with your new web -- We'll continue to provide promotion posting support and maintenance all for just one low monthly fee if not cancel and pay nothing. Call 855254. Site. 855254. Best ITT. 8552547483. Or go to Web.Com. Slash radio. -- was -- -- portrait of them and that's an equity over the place right to take relinquished what cancellation unless otherwise purchased. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm dying -- -- I'm a senior Medicare patrol volunteer. -- program sponsored by Medicare and the US Department of Health and Human Services help seniors trying to protect themselves from Medicare fraud and scams. For instance if your Medicare beneficiary. And you're approached with an offer of free medical equipment or services watch out. If it sounds too good to be true it probably has call 1800 Medicare to retorted. And go to stop Medicare fraud dot -- To find lots of useful tips and important information. About new fraud fighting tools that Medicare now -- thanks to the health care law. Huge resource is to help law enforcement cracked down on criminals and return tax Payer dollars to the Medicare trust funds. And how you can get involved in the fight against five. Gotta stop Medicare fraud dot gov and help make Medicare stronger for all of us a message from Medicare and the US Department of Health and Human Services. Times are changing in your retirement plans are changing with them hello this is very Armstrong from the -- to exchange my dad retired almost twenty years ago and he receives a pension and medical benefits from his old employer these types of retirement plans have been replaced by a 41 K plan with a match you're responsible for planning your own retirement this involves planning for income military benefits long term care and Social Security. We've created a guy that will provide you with the ten step checklist for retirement. This 27 page guide is available for those of you who would like help. Planning for a prosperous and worry free retirement 8668106422. Ask to have your retirement plan created now's the time to get started 8668106422. Securities offered through securities America -- member FINRASIPC. In advisory services offered through securities America advisors -- Gary Armstrong representative Armstrong advisory group in the securities America companies Aaron affiliated. Follow -- on Twitter at Barry G Armstrong its Barry Armstrong. There are here on the financial exchange radio network. All right -- everybody for. Wants to know the answer to a trivia question which when. -- which state in the country has the highest percentage percentage of its population -- Putin's. First half of the time. And more open more than a hundred PE course -- today you know that's one. And I'm Ed from Medford -- right he's in the car he listens to a -- every day. And it is -- saying trust us because we had again during a proponent of her being very careful. That was earlier than it was lord wrestled. This was -- -- -- that was Lauren I'm sorry face from Wellfleet. Had blond hair is appropriate driver he can handle anybody chases him down at the last what are now. Ed from Medford is getting an answer is does this. Poorest state in the union. And not much that not that much worse than Maine where it's nineteen bright and there's 22% so. It's it's not a surprising answer to me I think it's pretty obvious -- West Virginia. West Virginia as well -- Earlier in the program you reported Comcast was grueling two year -- marijuana commercial. For those you maybe your -- for four to remember the deal was that these commercials. Would be for a website it would be a website where you can go to find -- -- -- who believes in medical error one. Race and not. Look for so we found that commercial. I'd -- searched for it on YouTube. And it's about a minute long we're gonna play it for you and and just set up because you can't see it but what what this is a guy who looks. Very shady like she would be kind of a drug dealer he's standing back by -- dumpster. He's lingering around the building and and this is here. -- -- -- -- I asked if I got the best there is driving you know that I know that nobody so let me I got to an outstanding. So we treated. I thought I'd say -- This areas you news you need need I need you must make this work that's -- -- -- -- rice paper it totally free practice -- -- Even California this maybe you wouldn't buy your sushi from this guy so why would you buy your marijuana from. Marijuana doctors dot com is the only service that connects patients with real doctors -- medical marijuana recommendations. Simple confidential. Say visit marijuana doctors dot com or call 18669969333. That's marijuana doctors dot com 1866. 99 -- and then I've got the munchies. I needed I needed to read those and Eminem I gotta tell you after watching it. And enough that you folks have heard it. Well I don't know like Comcast isn't taking their money I mean the fact of the matter is it's illegal in this state. They said that they were gonna do it after the hour of like EMs so it's not going to be marketed to. Thirteen world's most likely and you know Washington on Friday night so what's I don't earners in -- contest has got squeamish. I can't imagine. And in the -- the only thing I can think of is they got some political pressure perhaps maybe be the live -- a there will be the controlling part of the population world let me -- Agilent Comcast corporation their stock 23 dollars. It's up a penny on a day when the markets down it's not -- -- if not impacting their stock positively or negatively. This action. I love -- cut it meets story that we Comcast had no comment and courage to talking. I really would like to know why they get so squeamish about it it's because I think -- Most of originally said yes as we got the day to you I'm all right back as April -- absolutely so he's true. And I'm a maybe that's part of your. It's canceled in the -- and we're not gonna -- -- just because it's Easter I don't know is that -- and I would know is they canceled it in New Jersey this weekend old they were sent to your New Jersey this week and they can't. It's going to be pretty easy to get. Is the message that's been and he well that website fine. Means by which to advertised people until people that I find doctors he can't get it yet Mary I'll met you can't you know when it starts and are there any dispensaries where you can go and get. In medical marijuana. They hadn't seen anything. Africa with a date it's it's going to be up after April 20 obviously. So. Let's take a look at this story but the skycap. Yet fired because he filed a lawsuit. On behalf of theaters camps -- instinct start -- in -- I didn't understand you know an ego and you check your bags at her and I don't know do you -- or call two dollars per bag. Yeah yeah -- lately it's not a protocol it's a charged. Well that's just it I didn't realize. If he's charged up like a lot I think they still think what they're doing is they're tipping the strike and enough. Now they're actually paying. For the -- to be checked that the car -- dollars per bag so if you wanna check if you tip the skycap you robot to box back. And what they were selling about is that just -- People think that they're giving their money -- skycap -- in fact they -- giving him in this case to jetBlue right. Is fi fees charged engine blew on top of the feed EPA protecting your -- that's right. Just for just attack at her then skycap and nothing right. So what they were saying is this is not fair and so that you be answered as a group with. His name being used start to see the airline for the idea that they need to they need to make that known to the flying public. That's what's happening. Well apparently. About halfway through the lawsuit he lose his job. He -- yeah you know rubble. And it's. Not only not only do I believe that the debt suit. By all of them half so now the airline has to actually postage to publisher paying me. But in addition key one for being fired. We disputing. Wage issue in a million bucks. Not bad. About these works better than what is make the tips taxes. But he did. They tell everybody. Martha Coakley has announced this grant program to assist homeowners that are facing foreclosure and eviction. Throughout the commonwealth and you look at that on the surface he -- so well is that nice species she's doing people that are on hard times a favor. I'm gonna take a different perspective on when he told her -- about the program. Well the program is helping those people who have you know been loaned money and now they're looking at Florida house have been under water. And so they're close to a fiction. So what they're doing is trying to help these people and there's dollars that are being provided for the as well as counseling but it's not -- -- to pay the mortgage -- dollar is basically hire a lawyer right installed closing. That's -- And you know the mass bankers association they will not sane thing. About this because they don't wanna get in trouble with Martha KB the bankers in the state. Are petrified of article date they will not speak out against her song gonna have to do on their behalf OK but the reason there are banking fees are higher than they are in New Hampshire. Is because of legislation like this because of these types of laws. The banks charge. More to borrow money because they say we have to charge more bury the -- white wire the closing costs higher and mass and their New Hampshire because. We get sued by the attorney general every time we turn around rate it -- and it's a very difficult state in which to do business especially here in the financial sector. So you know you may be thinking to yourself OG Martha she's great -- she stand up for the consumer. Well she's she's screwing. If you actually pay your bills on time. Right if you're one of those people that pay your bills on time you've got good credit. Martha Coakley is costing you more in fees because of programs like this I think it's -- adjusting its mistake and and let's take speaking -- I anchor I hate and they applaud they'd. They don't do that -- We when we come back right take a look at a Bedford company Progress Software they're in the news there's symbols PR GS that's next. Breaking business news first there -- strong. KO Cartoon Network. Effect and we met he came in in the face paint them -- wow. He informed me kissing you know there's this vehicle which. God did use to break my life together. And that is powerful -- thing. My name is make CNN -- my husband today and Kristen bingo join Christian legal dot com today and find God's not -- you. Joining is easy and free. 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Keep up with the latest. -- -- -- Progress Software cut estimates for the first quarter as the business software provider said it was hurt by lower license sales this according to CEO Philip -- He said progress was disappointed with our execution in the first corner exit results were hurt. By the timing of deal closures. Didn't hit the stock too badly evidently stocks up 8 pennies this morning 22. 59 they are a local company Progress Software.