00:02
Peter Dunn
All right. I'm snowed in. And by snowed in, I mean frozen into my home. This week's, Pete the Planner extravaganza is the holiday spectacular from a remote location. Hello, everyone. I'm Peter Dunn. Pete the planner joining me. Some of you can see him visually if you're on the live stream. Those listening on the podcast some days later don't know who's standing next to me, but it's one and only Teddy Buckets. Tito Nettickler? Ted dunn. Ted, hello.
00:31
Ted Dunn
Hello.
00:32
Peter Dunn
So you're off school break. You are making Christmas cookies with mom today, and you're going to dazzle us with some NBA facts to start the show once welcome Damian. Kristen right.
00:43
Ted Dunn
Okay. Yeah.
00:45
Peter Dunn
Okay. Quite the conversationalist. Very excited about you and your future. Joining us also, of course, as always, is Kristen, Ahlenius and Damian Dunn. Damian Dunn's, the Vice President of Advice at your money lane. And Kristen Ahlenius is the Director of Education. Ted, do you have a title?
01:03
Ted Dunn
Just no.
01:07
Peter Dunn
Okay. Well, wow. This is going to be just spectacular. Kristen dead. Air makes amazing radio.
01:15
Kristen Ahlenius
It does. It really does. Tito Buckets.
01:18
Peter Dunn
Like come Tito buckets. Yeah. Dame do you remember the first time you were on the radio? You were a financial advisor, right? And you were doing stuff back in the day.
01:29
Damian Dunn
I mean, first time on the radio with just no.
01:32
Peter Dunn
Didn't you do, like, commercials or something in your local radio or spots on advice? I felt like you did. Or am I making that up?
01:39
Damian Dunn
I think you're totally making that up.
01:41
Kristen Ahlenius
I did that. You did to I had a radio commercial, and it was super hard because by the time you got all the disclosures and everything in there that you had to say, they had to speed up my words and smash them all. Not it was not great radio.
01:56
Peter Dunn
I didn't know you did that. Damn. I totally thought you did that. I don't know. I did that, too, by the way. Kristen yeah.
02:05
Damian Dunn
I would work through reads. My mom used to do spots every once in a while, so I would work them with her. And then she sold advertising at a radio station, too. So I'd sit in the studio and pop on the radio with whoever was on the air at the time. But I didn't do any spots. No.
02:22
Peter Dunn
All right. Well, Ted, this is a return visit for you still learning about Dead Air. Here's what I'm hoping to do. You are an NBA aficionado. Do you know what aficionado means?
02:33
Ted Dunn
Professional NBA.
02:35
Peter Dunn
Okay. So I was hoping you could give us the most underrated NBA players, your list that you've curated yourself. And of course, when you do this, you'll be up on the microphone, right? So people can hear, you know, it's microphone. So go ahead. This is Ted Dunn's top six underrated NBA players. And here we go.
02:59
Ted Dunn
So, number one, it might be a surprise, but russell Westbrook really? Yeah.
03:08
Peter Dunn
What? Dame that's got to be surprising.
03:10
Damian Dunn
I know who that is. There's no way he can be underrated.
03:13
Ted Dunn
If I know, because he is very close to winning six man of the year this year.
03:19
Peter Dunn
Really?
03:20
Ted Dunn
Yes. He's in the top five.
03:21
Peter Dunn
But wasn't it in preseason, like, they were just trying to get rid of him for, like, a toaster and a.
03:25
Ted Dunn
Cheese sandwich, but now they really want him.
03:29
Peter Dunn
Okay, so I feel like we've gotten into 2023 predictions sooner than we thought this year. Dame, can you mark that down? Ted's got Russell Westbrook for six man of the year.
03:39
Damian Dunn
I got it.
03:40
Peter Dunn
All right, Ted, what's up next? Into the microphone.
03:43
Ted Dunn
Next up is a rookie to. He was originally drafted by Minnesota and then got traded to the Jazz. And he's been playing really well.
03:55
Peter Dunn
Where'd he go to college?
03:57
Ted Dunn
Auburn.
03:59
Peter Dunn
Walker Kessler, a man with two last names, is doing well in the NBA. What position does he play?
04:05
Ted Dunn
Center power forward.
04:07
Peter Dunn
Wow. Okay, so is he going to be like, an all rookie team, do you think?
04:10
Ted Dunn
Is he all rookie, second team?
04:13
Peter Dunn
Second team.
04:15
Ted Dunn
Okay, he was in the second round.
04:18
Peter Dunn
Who do you think will be the center power forward on the NBA all rookie first team?
04:25
Ted Dunn
Paolo Boncaro.
04:27
Peter Dunn
Easy, easy. All right, third person. Is this in any particular order, or are you just running through them okay. In the microphone?
04:38
Ted Dunn
Okay, so next up, he's a 73 center, Bull Bowl and from the Orlando Magic. And he's also might be the most improved player in the NBA because when he played for Denver, he played really bad. But now he got traded to the Magic, and now he's really good.
05:02
Peter Dunn
Uncle Dame saw him play in person.
05:04
Damian Dunn
That's right. Little known fact. I got to watch him play in person. I think he might have dropped 20 the night I was there.
05:10
Peter Dunn
So do you agree, Dame, that Bull is underrated?
05:14
Damian Dunn
Yeah. The very small sample size I have of watching Bull's career, he's probably vastly underrated.
05:21
Peter Dunn
Kristen, do you know who Bull's father is?
05:24
Kristen Ahlenius
Ask me if I know who anyone.
05:30
Peter Dunn
Of the one of the most iconic NBA players of all time.
05:35
Kristen Ahlenius
Awkward.
05:36
Peter Dunn
Okay. All right.
05:38
Kristen Ahlenius
I know nothing.
05:39
Peter Dunn
That's okay, Ted. Up next, number four, no particular order, most underrated NBA players.
05:48
Ted Dunn
He's also on the Magic, and he's a starting center, Wendell Carter Jr. Even though Paulo Bunker is dropping, like, 25 a night, I think Wendell is getting all the missed shots he's been missing.
06:06
Peter Dunn
So where did Wendell go to school?
06:08
Ted Dunn
Do you this I definitely know this.
06:15
Peter Dunn
That whole dead air thing. Dame. Do you know where Wendell Carter Jr. Went to school?
06:19
Damian Dunn
I'm going to go with college. That's all I know.
06:21
Peter Dunn
All right. And, Kristen, do you know what Wendell Carter Jr's dad's name is?
06:29
Kristen Ahlenius
That's not funny.
06:31
Damian Dunn
Wendell Carter.
06:33
Kristen Ahlenius
I know.
06:34
Peter Dunn
All right, Ted, so you don't know where he went to college?
06:37
Ted Dunn
I'm going to guess. Washington, maybe.
06:42
Peter Dunn
Yeah, naturally. That's a good guess. All right. Fifth on the list of Ted Dunn's most underrated NBA players list of 2022. Who's up?
06:53
Ted Dunn
Steph Curry's. Brother Seth Curry. I mean, Seth Curry is overshadowed by Steph Curry.
07:02
Peter Dunn
Yeah.
07:03
Ted Dunn
And does not get the recognition he deserves.
07:08
Peter Dunn
Yeah. I mean, it's hard to argue that, right?
07:09
Damian Dunn
It's because the names are so similar. They just assume it's one person and somebody's misspeaking the name. I think that's it.
07:15
Peter Dunn
It's like Dame and I have the same last name, and he overshadows me. Right. Like everyone's like dame, dame. They're like, oh, that's lame. His brother.
07:24
Damian Dunn
I'm taller, so that's why I overshadow you.
07:27
Peter Dunn
Yeah. Seth curry's a bucket. Yeah, definitely.
07:30
Ted Dunn
Good three point shooter.
07:32
Peter Dunn
Yeah. How are your three point shooting? How are yours?
07:37
Ted Dunn
Okay.
07:38
Peter Dunn
Kristen asked a great question. That's not true. Where'd Seth Curry go to school? I know this one. He went to Duke. Didn't no. No. Okay. Continuing on the 6th and final. Ted Dunn, most underrated player in the NBA.
08:04
Ted Dunn
Our final pick is Shay Gilzer's Alexander.
08:09
Damian Dunn
Oh, yeah.
08:11
Ted Dunn
Like the MVP this year. Besides Jason Tatum and Giannis. And he is in the running for Most Improved, too.
08:21
Peter Dunn
You really like the guys that are most Improved.
08:24
Damian Dunn
I appreciate that, though. Yeah.
08:26
Ted Dunn
They improve and they're underrated.
08:28
Peter Dunn
Yeah. That's a whole quick. Could you dame, could you look up where Seth Curry went to school just real quick? Duke.
08:37
Damian Dunn
It started at Liberty, finished at Duke.
08:40
Kristen Ahlenius
And the guy before that went to Duke as well.
08:43
Peter Dunn
Oh, Wendell Carter Jr. Went to Duke.
08:46
Kristen Ahlenius
Yes.
08:46
Peter Dunn
Dude, do you have a duke Aversion? Are you just, like, allergic to understandable.
08:50
Damian Dunn
Totally understandable. Avoid Duke.
08:52
Ted Dunn
I like Duke.
08:54
Peter Dunn
All right, before you leave us, we have two questions. Number one, what did you ask Santa for this year?
09:03
Ted Dunn
A bunch of jerseys and sports cards.
09:07
Peter Dunn
Okay. Excellent.
09:09
Kristen Ahlenius
Jerseys. Is that a safe assumption?
09:11
Ted Dunn
And soccer jerseys.
09:13
Kristen Ahlenius
Okay.
09:13
Peter Dunn
Yeah. And then what jersey are you rocking today?
09:17
Ted Dunn
The NBA All Star 1996 penny Hardaway Jersey Penny. And then it was held in San Antonio. And I have the San Antonio hat, too.
09:31
Peter Dunn
All right, there we go. Well, Ted, thank this segment will appeal to just a really small demo, and I think it's great. Thank you. Good job. Merry Christmas. But you can say something back.
09:49
Ted Dunn
Oh, bye.
09:51
Peter Dunn
Okay. Born in a barn. Yeah. Jesus was. All right, shut the doors, please. All right, thank you, guys, for indulging those broadcasting skills of Theodore Patrick Dunn. Good job. Tito, did you know any foreign language?
10:08
Kristen Ahlenius
No.
10:11
Damian Dunn
Yeah, I knew a couple.
10:13
Kristen Ahlenius
I don't know that.
10:14
Peter Dunn
Yeah. Bull boy. Okay, let's do the show. Everybody doing well?
10:21
Damian Dunn
Yeah. Can we make an appeal to our intrepid partners in this that are filling up our comments? We need some help for the third segment.
10:35
Peter Dunn
Dame.
10:35
Damian Dunn
I won't ask them. We don't need any help for the third segment.
10:41
Peter Dunn
All right, let's start the show. I knew that was going there. In three, two wait, what's the first segment? Oh, the secure 2.0.
10:50
Kristen Ahlenius
Secure.
10:51
Peter Dunn
Okay. Three, two, one. This week on The Pete the Planner Show, we answer your money questions. You email us, askpete@petetheplanner.com that's askpete@petetheplanner.com, and here's what we do. You email us, askpeed@peteeplanner.com that's askpete@peterplanner.com, and here's what we do. We might answer your question this week. By Kristen Ahlenius, director of Education at Your Money line. By Kristen Alanius, director of Education at Your Moneyline. Hello, Kristen.
11:12
Kristen Ahlenius
And one Damian Dunn, vice president of advice at Your Money line.
11:14
Peter Dunn
And one Damien Dunn, vice president of advice at Your Moneyline. Hello, Dame.
11:19
Damian Dunn
Hello, Pete.
11:21
Peter Dunn
Final show of the year. Here's the fun part. This is airing on New Year's Day indianapolis, Indiana, and various affiliates around the area. So, Kristen, Congress just passed their omnibus spending bill, and part of that was Secure 2.0.
11:44
Kristen Ahlenius
Yes.
11:45
Peter Dunn
What in the world is Secure 2.0?
11:49
Kristen Ahlenius
That's a really good question. I don't know how I would summarize what Secure 2.0 is.
11:55
Damian Dunn
It's many things.
11:56
Kristen Ahlenius
It's a lot of things. Yeah. It's a mess.
12:00
Peter Dunn
Isn't it primarily to restructure or enhance the retirement programs that people contribute to?
12:10
Kristen Ahlenius
Yes. I think it's hard when you're someone who does what we do, when you start to break some of these things down, I think it makes me more confused about the purpose, honestly, when I look at some of the things that we're going to talk about.
12:25
Peter Dunn
All right, well, let's hit it. Who's running through this, dame or Kristen?
12:30
Kristen Ahlenius
Doesn't matter to me.
12:33
Damian Dunn
First thing, we got required minimum distributions. There are changes, more changes to required minimum distributions. Secure act 1.0 had a few. This one, they're pushing the date of required minimum distributions out again.
12:48
Peter Dunn
All right, so, Kristen, what's the idea here? How does pushing out RMDs, first of all, I guess maybe let's begin with what are RMDs and what's the point of pushing them out?
12:59
Kristen Ahlenius
Yeah. RMD acronym required minimum distribution. When you reach a certain age, which used to be 70 and a half, and now it's going to be moving it moved to 72. And then some people, it's going to be 73. But essentially, you have to take a certain percentage of that account value out by the end of the year based on your age.
13:20
Damian Dunn
And then you buried the big news. Starting in 2033, RMD age moves to 75.
13:27
Kristen Ahlenius
Yes.
13:28
Peter Dunn
Whoa.
13:29
Damian Dunn
Yeah.
13:30
Peter Dunn
So, I mean, that is a good thing for retirees, right?
13:36
Damian Dunn
Well, I think it's a good thing for some retirees because let's try and think why they would move RMD age out. Are they anticipating that people are going to need to work longer?
13:50
Peter Dunn
Yeah.
13:51
Kristen Ahlenius
No.
13:52
Damian Dunn
You don't think so?
13:53
Kristen Ahlenius
No, I think it's because the people that they're trying to this is really cynical.
13:59
Peter Dunn
Oh, good.
14:00
Kristen Ahlenius
I think it's because the people that they're really targeting here, the persons who aren't touching those balances, they're only touching them because the IRS is telling them they have to. If you push it out to 75, does it mean that it's more money? I mean, have we given the account balance, the account longer to grow so that the money that's coming out that's being taxed is higher balances?
14:24
Peter Dunn
This is an interesting discussion. You're right. I don't know what the motivation is behind this. Part of me, though, innocently thinks, oh yeah, people are going to be working longer and so that's the motivation. Dane, what say you?
14:42
Damian Dunn
Well, before I even follow up on that, we don't know what changes they're going to make to the distribution table either. It could be we push it out the required minimum distribution age a couple of years, but we're going to take a bigger percentage of the money starting at year 75.
14:57
Peter Dunn
That's a really good point. Didn't the distribution work out to around 4%? I mean, it was like a weird formula, but I feel like it always seemed like 4% in the first year.
15:08
Damian Dunn
It might have been around 4%, but it climbs steadily after that and you're taking huge chunks towards the end.
15:18
Peter Dunn
Yeah, that's a great question because then if it stayed on the normal table to what, someone was at 75 but it's quite possible that it's escalated from the start.
15:29
Damian Dunn
Yeah, I think there's changes to come with RMDs. I don't think this will be the last time that we see legislation to impact this particular area and it may, on the face, look like it's going to benefit the account holder. Don't be fooled by that. There's a reason that they're doing this and I think it's primarily to add more money into their coffers.
15:55
Kristen Ahlenius
How critical are we allowed to be? Because the thing I really don't understand I'm about to be the thing that I really don't understand is if you were born between 1951 and 1958, your RMDs are going to start at 73. So there's this progressive increase which just makes things so much more confusing. I know that the year after you turned 70 and a half rule was kind of confusing, but this is worse.
16:25
Peter Dunn
I think it's because you have to give people some degree of notice before you rip the rug out from under them and change. So it's not making the change directly for people who are in the moment, like not so bad, right, Dame? Or am I thinking about that wrong?
16:39
Damian Dunn
No, I think there's a little bit of that going on there. I also think that leaving at age 73 doesn't defer revenue for the government because if they go from 72 to 75 immediately, well, now they're going to get less income from taxes during that time period. So there's still a little bit of self interest involved there.
17:05
Peter Dunn
What else is in secure 2.0 of interest?
17:09
Kristen Ahlenius
You could make a 529 to Roth transfer.
17:13
Peter Dunn
What? But by the way, I have not read a single thing about this. Big surprise. Really?
17:22
Kristen Ahlenius
Yeah, but I was like super pumped when I saw it. And then when you read all the rules some of the highlights of things that you can or can't do here, the transfer has to be made to the beneficiary, not the owner. It gets worse. The account has to have been maintained for 15 plus years. So you only get the money if your parents have literally been planning since you were born, and you can only transfer up to the IRA limit each year. So if you were planning, I interpret that to mean that it's in lieu of your regular IRA contributions. So you're not moving the needle forward from a retirement perspective. You're just changing where the money is coming from.
18:10
Peter Dunn
Yeah. So one of the biggest problems that people see with 529 plans is if your kid doesn't go to college, you got to pay tax and penalty and all these other sorts of things. There is a penalty, is there not? Or just taxes? Yeah.
18:23
Damian Dunn
If it's an unqualified distribution, then you end up paying a penalty and income tax on the gains.
18:28
Peter Dunn
So the idea that, oh, hey, you could just transfer that to a Roth IRA, that's an amazing benefit if it goes to the account owner who's the parent who put the money in. But now it's like, oh, no, Teddy Buckets will actually get the money. And I'm like, I don't want him to have the money. And the other thing that damian I read the same synopsis, and the gentleman who wrote it interprets it to mean that changing the beneficiary would also restart the clock.
18:46
Kristen Ahlenius
And the other thing that damon I read the same synopsis, and the gentleman who wrote it interprets it to mean that changing the beneficiary would also restart the clock. So the idea of one account or moving money around for siblings, you won't be able to then make a Roth transfer if that's how it's interpreted.
19:04
Damian Dunn
I mean, you could, in theory, make yourself the beneficiary and wait 15 years and then transfer it to a Roth.
19:13
Peter Dunn
How critical am I allowed to be here? Kristen?
19:15
Damian Dunn
Very. Let it flow.
19:19
Peter Dunn
Who's coming up with these elements of security? Is this just thank you. Special interest and lobbyists? Because none of these actually help anybody.
19:29
Kristen Ahlenius
Thank you.
19:31
Peter Dunn
All right, with the 30 seconds do we have left, is there anything that actually helps people in Secure 2.0?
19:39
Kristen Ahlenius
Yes, there's one. I'm sorry, I didn't know if were going to play second segment. I'm sorry.
19:47
Peter Dunn
Coming up after the break, we will take a look at what actually does help people of Secure 2.0. Did they find the best lobbyists to get it in the bill, or did they just get lucky? And occasionally, legislation smiles on everyone. That's coming up next on the Pete the Planner show with Kristen and Dame. I'm Pete the planner.
20:12
Damian Dunn
So back to the 529 to Roth. You could make yourself the beneficiary. They have waived the income limits, so there's no income limit consideration.
20:27
Kristen Ahlenius
The lifetime max is 35,000.
20:30
Damian Dunn
Yeah, but I mean, if it's 35,000 that you want to keep for yourself versus given to your kid, I mean.
20:34
Peter Dunn
What'S the lifetime max?
20:36
Damian Dunn
35 grand?
20:37
Kristen Ahlenius
No, but you can of transfers from 529 to IRA. But when do you pay? Oh, I guess it would all be post tax.
20:50
Peter Dunn
Yeah, exactly.
20:51
Kristen Ahlenius
Okay, so it wouldn't matter.
20:55
Peter Dunn
So a little housekeeping. Can we get another segment out of this or just like a half a segment? What are we doing?
21:03
Kristen Ahlenius
We could probably because we haven't talked about the additional provisions for accessing retirement money, the emergency savings account thing, and starter 401 KS.
21:18
Peter Dunn
All right, I say we go for it. Yeah, I think that's dangerous. It's like the episode of Seinfeld where they see if they can run out of gas or not run out of gas. Damon knows that one.
21:30
Damian Dunn
No, I didn't watch Seinfeld.
21:31
Peter Dunn
Oh, really?
21:32
Damian Dunn
No.
21:35
Peter Dunn
Rick Swink's Internet went down again. Why is he at Nine Three North Meridian Street?
21:43
Damian Dunn
We're going to have to start a GoFundMe for Rick's Internet.
21:45
Kristen Ahlenius
Rick. Something tells me it's because Rick lives in the.
21:53
Peter Dunn
I don't know. It's a good point. Says two people who live in the boonies.
21:57
Kristen Ahlenius
My Internet is faster than the Internet at the office.
22:01
Damian Dunn
My Internet is faster than I've ever tested it this morning.
22:04
Kristen Ahlenius
Mine was what was mine, Dave? Like, six something?
22:07
Damian Dunn
Yeah. 600 something.
22:10
Peter Dunn
Yeah. I tested mine this morning at home, and we have fiber at home. And it was like mine was 400, 300. And I was, like, feeling good because we're not getting out of the office.
22:20
Damian Dunn
Maybe if you aggregate the entire day, you might end up with, like, 400.
22:24
Peter Dunn
I love that. Mrs. Advice is now in the chat, giving the actual thank you. Hard hitting stuff coming from I don't.
22:33
Damian Dunn
Know why I didn't send her a message and ask her what we should talk about for a segment.
22:37
Peter Dunn
It was good to catch up with her a couple of weeks ago at the little company.
22:40
Damian Dunn
Soiree yeah, it was a great use of 5 hours of our time to drive 6 hours of our time to drive down for 90 minutes of party. It was fantastic.
22:49
Peter Dunn
I would never stay for more than 90 minutes at any party, so that tracks with me. That's fair. All right, you guys ready to do this again? I feel like the talking has picked up and the dead air has decreased since a certain someone left the air.
23:08
Kristen Ahlenius
Your first show is difficult.
23:10
Peter Dunn
It's not his first show. That's the problem.
23:12
Kristen Ahlenius
In a while, though.
23:13
Peter Dunn
No, he's grounded. Back on the Pete the Planner show, talking Secure 2.0 with Kristen Ahlenius and Damian Dunn. All right, here we go. In three, two, one. Back on the Pete the Planner show, talking Secure 2.0 with Kristin Lanius and Damien Dunn. As part of the Omnidibus spending bill that was just passed, there are some new elements that are part of something called Secure 2.0. Dame, I want to make sure I'm not misspeaking here. These are reality now, right? Because they were part of the spending.
23:46
Damian Dunn
Bill, it's my understanding. I would expect maybe a little bit of clarification to come on some of these things. But yeah, they were part of the bill. They should be live soon. Very soon.
23:58
Peter Dunn
Kristen, have you noticed the trend of seemingly beneficial pieces of legislation that come out and then they require clarification soon thereafter because they're not what people thought they were? Have you noticed that trend?
24:14
Kristen Ahlenius
It's almost like I've had to talk about that quite a bit this year. Yeah.
24:20
Peter Dunn
I don't walk around overly critical of our government, but it is interesting this year, specifically, the amount of, like, hey, this is for the people. And then people are like, yeah. And they're like, well, what is not exactly. It's a little different than that. A lot of that this year.
24:40
Kristen Ahlenius
Yes, I agree with that.
24:43
Peter Dunn
All right, so let's do it. What is next Secure 2.0? What should people care about?
24:49
Kristen Ahlenius
There's a pretty big section on ways you can access retirement money, and some, I think, can beneficial and are really great provisions, and some might be a little dangerous anecdotally. So the first one is emergency withdraws. So you can take a $1,000 withdraw from your retirement account and you can pay it back, and then you can't take another emergency withdraw until that one's paid back or until three years have passed.
25:21
Peter Dunn
Is this from Individual retirement accounts as well?
25:25
Damian Dunn
I believe so. I could be wrong, but I believe.
25:29
Peter Dunn
We'Ve created but you know what? You can take money out of a Roth IRA anytime you want anyway. Sure.
25:35
Damian Dunn
Contributions.
25:36
Peter Dunn
Your contributions. That's a weird one. That's interesting, because aren't they then forcing employers to allow loans? Essentially small ones, but they're emergency, so I'm guessing there's some sort of laundry list of what is an emergency?
25:55
Kristen Ahlenius
I don't know.
25:56
Damian Dunn
They were not published, those guidelines.
25:59
Peter Dunn
Clarification telling me there'll be clarification coming. Go figure.
26:03
Kristen Ahlenius
What's an emergency?
26:04
Peter Dunn
I'll be darned. What else? Now there's mandatory enrollment for 401, and here's where I have confusion. Hopefully you guys understand it, or we're just going to have to sit back and wait for a clarification. Does this mean even if an employer does not have a 401, they go into some sort of automatic four hundred and one K? Or is it only on the employer to auto enroll people? And I think you have to auto enroll them at 4%. Right.
26:36
Damian Dunn
I believe it's on the employer to have access to this plan. The enrollment amount, what I saw varied anywhere from 4% to 15% can be set as the default. Which 15% might be a little aggressive for some jobs.
26:54
Peter Dunn
What?
26:54
Damian Dunn
Yeah, 4%, I believe, was the range that I saw employers had to choose from.
27:01
Peter Dunn
I got a color time. Can I have a timeout?
27:03
Damian Dunn
Yeah, you've still got two on the clock.
27:06
Peter Dunn
So you're telling me in some circumstance, someone's going to start a new job, they're going to wait two weeks, and in some case longer than that, to get their first paycheck, and it is going to be at 15% less than they think their take home pay is going to be.
27:24
Damian Dunn
Peter you know that if you never have it in the first place, you don't get used to it. So this is the perfect time to start saving 15%.
27:33
Peter Dunn
Well, I mean, imagine oh, my gosh. Because this is who it impacts. It impacts the people that wouldn't otherwise proactively withhold money. And so this is a guaranteed surprise for someone which is helping them. But, boy, that's a rude awakening.
27:53
Damian Dunn
Now, again, I could be wrong on that, but the range that I saw, I believe, was 4% to 15%.
28:01
Kristen Ahlenius
Mrs. Advice will tell us if you're wrong.
28:03
Damian Dunn
She's probably googling furiously right now or just yelling at me through the TV, either one. Probably employees can still opt out.
28:13
Kristen Ahlenius
Man yeah, but that first check is going to be a surprise.
28:18
Peter Dunn
And then is there a new solo four hundred and one K or a My 401K? What's the new thing in terms of people who don't have a work? What can they do through 2.0?
28:27
Kristen Ahlenius
I don't remember that one. I remember there was a starter 401K.
28:33
Peter Dunn
Okay, we'll go with that.
28:34
Kristen Ahlenius
So the starter 401K had a default auto enrollment contribution limits equal to the IRA contribution limits, and it will start in 2024. And I think it's employee contributions only was the catch there.
28:50
Peter Dunn
So, Dame, you've been in this industry for a very long time, and I have as well. How is it that retirement is now more confusing than it was 20 years ago? How is that humanly possible? And it's all driven by policy. How is that possible?
29:08
Damian Dunn
I don't know. You and I have a very similar perspective on this, and I'd like to think that many people in this industry have a similar perspective. It is completely unnecessary, the level of complexity that they have in providing retirement options for individuals. I understand there's special interests and companies want to be able to do this and that, and you've got to protect, make sure that some people aren't benefiting more than others. But at the end of the day, for goodness sakes, it doesn't have to be a menu of eight different retirement account options and two different levels of taxation. And it should just be a lot more simple to figure this out and help people understand what they're doing in order to prepare for retirement and have that certainty that what they're doing is going to have them prepared for post work retirement.
30:01
Peter Dunn
Tristan you got to think part of this is just because you're talking about the tax ramifications of these things. So therefore it's part of the Internal Revenue Code, and that's mean that's the impetus for its complexity, I have to think.
30:17
Kristen Ahlenius
I also think that it's kind of like updates to your iPhone. There are so many there are so many versions that you don't realize how far your software has come in the last three years because there have been so many little updates, and I feel like we see the same thing here. Is that, oh, it's just a little update here or a little update there, and then five years down the road, we're trying to understand how all these things come together. I think that's part of the problem.
30:45
Peter Dunn
And does that also mean when you update your software that your phone battery runs out faster? Is that part of the design?
30:51
Kristen Ahlenius
It's usually my know, a pilot.
30:54
Peter Dunn
Jeremy makes a really interesting point on Facebook Live right now. He says we have to make retirement as difficult as the tax code for future loopholes lol. You know, there's something to that. And let's be a little cynical, which is sort of the flavor of the day today. There's, of course, things in this legislation that one person put in and no one else understands, and it's for the benefit of that person and like interests. Isn't that pretty wild? If you think about even back to the birth of the 401K back in the late 1970s, it was something that was sort of esoteric that no one understood, and then Ted Bena exploited it, right. And that's sort of the birth of the modern 401K. You got to wonder in a bill this big and comprehensive, there's got to be a bunch of little stuff that literally no one understands except one or two people, and it is about exploiting it later.
31:57
Damian Dunn
And what we don't know is how long were some of these provisions sitting in a drawer waiting to be used? Were they sitting in there for five years, ten years? Does the person who wrote it originally are they even around to explain what the world this is supposed to benefit for? It's unnecessary. Completely unnecessary.
32:16
Peter Dunn
All right, so everyone just wait for the clarifications to come out on 2.0. Just like the student loan forgiveness clarifications that came out. And then, of course, the Supreme Court arguing whether or not it's legal. I'm going to cry. All right, coming up after the break, we got an email question. Dane, what's it about? Inheritances? Marriage? What's the email question?
32:36
Damian Dunn
Getting remarried late in life.
32:38
Peter Dunn
Oh, fun. Mrs. Planner is hoping to do the same. Coming up with the break, that's the question. I'm Pete the planner. Man, we just turned into a bunch of cynical, gripey people in that segment. But you know what? It's appropriate. I really do believe there's just a bunch of stuff in that bill that two people understand.
33:01
Kristen Ahlenius
It's so much.
33:05
Peter Dunn
The remarried latent life segment, it's always a good one. I actually was going a couple of weeks ago and I never sent it to you guys because I don't do show prep. I wanted to do, like, a segment on why prenups are the best idea and then a segment right after it as to why prenups are the worst idea. So I wonder if we'll get there within this segment, I think that's going to be one.
33:33
Damian Dunn
Of the main things that we point out or suggest or pose for consideration.
33:39
Peter Dunn
Fantastic. So this is the holiday extravaganza. We will not have a show next Friday. We are doing this show instead. Kristen, what are you most excited for? We close the office next week. Right. The Pete the Planner World Headquarters. What are you most excited for in your time off in the next ten days or so?
34:00
Kristen Ahlenius
So I bought a house this summer and I was really motivated to get everything the way I wanted to. And it's like, I don't know, 90% of the way there, but one of the things I have not done is finished painting my kitchen cabinets. But the doors are done. The cabinets just are not. So I have been living without cabinet doors since July.
34:26
Peter Dunn
Wow.
34:27
Kristen Ahlenius
Probably. And I'm going to make that a priority. Next.
34:33
Peter Dunn
Mean Kristen's doing home repairs. What are you most looking forward to in your time off?
34:40
Damian Dunn
Just not having nearly as many responsibilities on my day to day life. Being able to slow down a little bit, see some friends, see some family and enjoy actually what might be a white Christmas. One of the first ones I can remember in a while.
34:56
Peter Dunn
I'm looking forward to no one asked, but I am looking forward to sitting in my home office here early in the mornings every day, drinking coffee, listening to music, and I'm working on a new writing project and so I started this morning and I'm having fun with it. It's a challenge because it's sort of a different angle to what I generally write about.
35:18
Damian Dunn
Are you going to pick a new playlist to listen to for writing? Are you going to go with some Old Faithful stuff?
35:24
Peter Dunn
That's an amazing question. Very informed question and sort of longtime listeners will appreciate it. I tend to listen to very loud, militant hip hop music when I write. It's just what I've done. I love it. However, A, this time around, I hope to use this nice speaker and I have in my office, which my 13 year old daughter sleeps above the office, so that would wake her up. The vibe is different on this book. So far it's been felonious. Monk It's sort of old jazz because I just like the syncopation of it. Right. I don't know. That's what we got so far. All right, fantastic. We're doing Double Beef this weekend, by the way. I'm making a tenderloin for my side of the family and then the next day we're going to my in laws and my mother in law is making beef, so I'm going to be all beefed up.
36:20
Peter Dunn
Very beefy.
36:22
Damian Dunn
I thought you were going to say it was beef and then beef eaters. Gin was your double beef.
36:28
Peter Dunn
Not a big gin guy, but I'll try. I am doing dry January though.
36:33
Damian Dunn
You've still got a few days left.
36:35
Peter Dunn
Yeah. Okay. All right. So we'll do this question that's in the thing?
36:40
Damian Dunn
Yeah. Kristen, you want to read it? You want me to read it?
36:44
Kristen Ahlenius
You can read it.
36:45
Peter Dunn
Okay. All right, dame. Dame, just bring us back. You tell me when to start, and I'll start.
36:52
Damian Dunn
All right, in three, two, one. Back on the Pete the Planner show. We have a question in the mailbag. I know it's hard to believe we don't spend a lot of time on questions very often, but, man, when we get a question, we like to answer it. So here we go, gang. I've got a question I think you'll provide some excellent insight on. I don't think this topic has been addressed on the show. We'll see about that. I'm 56, and I've been married more than once. I'm in a committed relationship, and we're considering getting married in 2023. Also tough. The problem is, I know I have some financial baggage, my credit isn't great, and I've made a fair amount of financial mistakes along the way. However, I feel like I'm in a different place now. How can I prove this to my betrothed good word.
37:41
Damian Dunn
Who's in a much better position than me financially. I know what they say about past performance and future behavior. Any insight you can provide would be helpful. PS. She doesn't know about my financial past yet, some guidance on broaching that topic would be helpful.
38:01
Peter Dunn
I love this question. Kristen, you want to take the first swing here?
38:08
Kristen Ahlenius
I think that first and foremost, you have to have a conversation about your reality, even if you don't feel like that's where you're at now, because when it comes up later, it might be a really big deal. So you should probably get out in front of, whatever the, quote, financial baggage is.
38:30
Peter Dunn
Dame, can I have a gender conversation with you real quick?
38:34
Damian Dunn
Off air?
38:35
Peter Dunn
No, just probably not. Probably on air, because, you know, the last gender conversation I had on air really worked out well for me.
38:41
Damian Dunn
That's why I was wondering.
38:44
Peter Dunn
Dame, I don't know. This could be a same sex couple. I don't know. But let's assume that the emailer is a man for my point. When you are courting a young or middle aged woman, you tend to spend money. You try to impress, you try to show out to some degree. So the challenge with this question is, if this emailer is like any other human male, they have done that. And so then dropping the bomb of, oh, by the way, I don't have a lot of financial stability is going to be a little extra surprising.
39:29
Damian Dunn
Yeah, that's a really good point. And to be fair, I haven't been in the dating pool in a long time, and I've never been in the dating pool in my 50s, so I'm not entirely sure how much wooing there is at that point. But, yeah, I think you're right. Whether you're conscious of it or not, you're setting expectations by what you're doing, and all the time that you're spending together. And if you go from A to Z and say, man, this may not reflect my true reality, there's going to be some potential concern there.
40:13
Kristen Ahlenius
Can we also talk about the fact that I don't know what degree there is financial baggage, but if you have someone in your life who's like me, who's a real snoop, they might already know.
40:25
Peter Dunn
That is an excellent know. Kristen, I had an idea that sort of piggybacks off that of like, again, we're making large judgments about both gender and age, which, again, always works out well for me. Do you think a person in their 50s who is being courted and wooed really wants to be so Dame's point was, I don't know how much of that goes on. Doesn't the person just want honesty and transparency?
40:52
Damian Dunn
Yeah, I would think if you're beyond your first marriage, second or third, part of you is probably past that, and you want to have some radical transparency in certain areas, and I think this is probably one of them.
41:14
Kristen Ahlenius
Before you have any other conversations, which I think we're headed right into a prenup conversation, but before you have any other conversations, you have to be transparent, because, like I said, I don't know. Again, we're making assumptions about gender and things, but if this individual has, like I said, anyone in their life who's like me, they might know things that you don't know, and you definitely need to have that transparent conversation, like yesterday.
41:41
Peter Dunn
So the prenup thing is interesting here because you could take a really strange angle to it and it could benefit everyone. What you could say is, honey bunny, like, Dame, let's play the role here. I will be the person with the rough financial past, and you be my lover. All right. Hey, schmukums. I have some sort of financial challenges that are from my past, and I'm so committed to you that I don't want them to become your challenges. So as we look to get married, I want to offer to do a prenuptial agreement that protects you from my financial challenges in the event that something happens. Why should you have to pay for my mistakes?
42:26
Damian Dunn
Oh, I think that's a great idea, honey, and thank you for being so considerate, and you're just the best.
42:33
Peter Dunn
I would never date someone with that voice. Kristen. I mean, that's just like a real creepy voice that Dame just put mean. Kristen, is that a reasonable angle that I just went with there, or does it just seem insincere?
42:43
Kristen Ahlenius
No, I think it's very legitimate. I think it's having because the other person in this scenario might be thinking, hey, maybe a prenup is a conversation we need to have, and being the one to broach that conversation is a really uncomfortable thing. So you're also taking some of that weight off of them if that's something that they're considering anyway, or might be considering if you tell them things, they might not have known.
43:09
Damian Dunn
So how does the tone of that conversation switch if it's the person in better financial standing talking to the person that's had a rough financial past?
43:17
Peter Dunn
I was hoping you wouldn't ask that.
43:20
Kristen Ahlenius
I don't know.
43:22
Peter Dunn
I don't know. You know what? That's not the question. Before we get there, maybe we'll come back to that. But I think there was another thing that I dug into there, too, in my head of, like, does the other person know that the person's been married two or three times?
43:39
Damian Dunn
That's a fair question, I would guess, but I don't know, because if you're.
43:45
Peter Dunn
Talking prenup, then you might be bringing up the idea of a separation to a person who's never considered it. However, is that easier or harder if you know the person proposing it has separated from a romantic interest two or three times?
44:05
Kristen Ahlenius
I don't know. That's a hard question.
44:10
Peter Dunn
I do think this all goes back to the point, like, five minutes ago of I mean, I'm 45, and the older I get, all I just want is honest discourse. Okay, just show me who you are. I don't really care. And I think that's the hope in all of this is that someone in this situation is more likely to align themselves with someone that just wants honesty.
44:34
Kristen Ahlenius
Maybe you have to get married.
44:39
Peter Dunn
Excellent point, dame, do you have to get married?
44:44
Damian Dunn
I think that's a very reasonable outcome of this.
44:48
Peter Dunn
All right.
44:49
Damian Dunn
Hey, with this new revelation of information, let's maybe take a step back and see where things are going. Let's talk about our future, how we want to either combine or separate financial lives and try and make the decision that's appropriate for our relationship. Your relationship is different than any other relationship that you're ever going to run into. So be open, be honest, be empathetic, depending on which side of the table you're on in that conversation. Remember the feelings that you had for that person going into that conversation. Hope they're the same coming out. But it all starts with honesty and transparency.
45:28
Peter Dunn
But, Kristen, if two people in their late 50s are going to bring a child into this world, don't you think they should be married? No, I feel like that's another email on the way, probably.
45:43
Kristen Ahlenius
Yeah.
45:44
Peter Dunn
It's funny, though. Okay, so good luck.
45:50
Kristen Ahlenius
Emailer.
45:51
Peter Dunn
Yeah. So what's our advice? Throw yourself on the sword and say, hey, I got some stuff going on, but I'm willing to not make it your problem?
46:02
Kristen Ahlenius
Yes.
46:03
Peter Dunn
Well, you know, what I'm actually saying is I'm willing to not make it your problem if we get divorced, but I am going to make it your problem if we stay together. We didn't solve for that.
46:11
Damian Dunn
Yeah. There's a very high likelihood of this is your third marriage that it ends in divorce, statistically speaking. Congratulations and good luck.
46:20
Peter Dunn
Jeez, be nice. That was pointed. Okay. Coming up after the break, the final biggest waste of money. Actually, this show airs on the first so this is the first biggest waste of money of the year right here on the Planner show. I'm Pete the planner. Dame. You ruined my week this week. I want to tell you and I want to tell everyone how Dame ruined my week this week. And you know, don't you? I told you.
46:50
Damian Dunn
Yeah, Kristen knows too. But she doesn't know she knows yet.
46:54
Peter Dunn
So I don't read the email from the show or criticism or whatever. I just don't.
47:02
Kristen Ahlenius
You told him.
47:03
Peter Dunn
So Dame comes to me in the midst of our executive team retreat, of which it's so important for us to be locked, like, because it's big, hairy stuff. Dame comes and shows me his phone, in which someone says they no longer listen to the show. They used to enjoy it. But my comments about gender a few weeks ago were so out of line that they'll never or whatever. I mean, I'm exaggerating, but the reason I don't read comments b it was so out of context. The comment in relation to what I was actually talking about just ignored all of the context. And so it frustrated me. So anyway, Damien, you ruined my week.
47:55
Kristen Ahlenius
I'm sorry, Damien. That is why I sent it to you.
47:59
Peter Dunn
I will note, though, to be fair, I like to be as honest as I can. Kristen went back and found the video clip of when I'm talking about this and then screen captured her face and Damien's face. As I was making these controversial comments, and to be fair and transparent, they were making some pretty aggressive faces as I was making my point.
48:29
Kristen Ahlenius
The moral of today's story is I'm not sharing anything with Damien ever. I sent it to you.
48:36
Peter Dunn
Yeah. Don't ever send that to protect yourself. Kristen. Don't ever send it to me. I wasn't making some definitive statement on gender. I was making a single observation that, out of context, was probably not ideal.
48:56
Damian Dunn
I'm behind you all the way, Pete.
48:58
Peter Dunn
I'm sure you are. Sharing information to ruin my day.
49:03
Damian Dunn
It wasn't my intention. I thought you'd get a good chuckle out of it. And you did. Behind eyes behind cheery.
49:09
Peter Dunn
All Right. Okay. You guys ready for the biggest waste of money of the week?
49:14
Damian Dunn
I can't wait to see what you've got for the first bomb of the year.
49:18
Kristen Ahlenius
I can't wait for my first awful guess of the year. I'm so excited.
49:22
Peter Dunn
This one's hard to guess, very frankly.
49:24
Kristen Ahlenius
Great.
49:26
Peter Dunn
All right, let's get going. In three, two, one. This week's biggest waste of money of the week, right here on the Pizza Planner show is the Kohler Numi 2.0 Smart Toilet. Kohler's newmi 20 toilet would be worth consideration based on its angular one piece form alone. Yet it's far more than just an eye catching design. Integrated Into The Elongated Chair Height Unit is A Heated Seat, a stainless steel wand offering adjustable spray shape, position, water pressure, temperature, and movements, a warm air drying system, a UV light and electrolyzed water self cleaning system, a hands free motion activated opening and closing system, and an automatic deodorization system. In addition, it has Led lighting in the bowl for nighttime use, ambient lighting in the back to remove the need for a nightlight, and an Alexa enabled built in speaker system, a Stylish remote, and a companion app for advanced toilet control.
50:50
Peter Dunn
Holy moly.
50:52
Damian Dunn
First of all, can I upgrade the light in the bowl to a black light?
51:02
Peter Dunn
Kristen, you are the world's worst guesser.
51:05
Kristen Ahlenius
Worst guesser?
51:06
Peter Dunn
How much worst is this new Me 2.0 smart toilet? Well, first of all, can you imagine you are seated at night and your loved one is allegedly asleep in bed, and they grab the app and turn on like James Brown's. Like, I feel good. You shoot up and it jars you loose. You know what?
51:33
Kristen Ahlenius
Damian, what do you think? And I'm going to go with three grand.
51:44
Peter Dunn
Three grand. Damien, what do you think? This tech toilet with a wand I'm skeptical of the wand is costing a person.
51:55
Damian Dunn
Yeah, this thing's got sharp edges. I'm not sure what Scandinavian country designed this, but there's no way this is a realistic design for a toilet. But if I had to guess, $6,700.
52:15
Peter Dunn
The thing about this dame, you're exactly right. So I'm looking at the toilet. This is, of course, a radio show, which visual references are always welcome. I'm looking at it's a straight edge across. So as you sit across it's going to cut off the circulation of your like right at your hamstrings. It's going to dig into your legs. Can you imagine doing leg day and sitting on this thing? It's hard enough to sit on something that is contoured to the Batox Dane. What is in the news this week.
52:41
Damian Dunn
Adults shopping for themselves have become a major driver of growth for the toy industry. Quote kidolts. That's right. Kidolts are responsible for about a quarter of annual toy sales, about $9 billion worth, and account for about 60% of the dollar growth for toy makers, according to the MPD Group. Because toy companies have figured out that people with paychecks are treating themselves and not just the kids in their orbit, they've started making toys specifically to appeal to the demographics, such as Marvel Collectibles Pete. Best toy as a child?
53:19
Peter Dunn
It's not even close. It's the voltron. Five lions that formed into the large Voltron.
53:29
Damian Dunn
Nice.
53:30
Peter Dunn
It was the greatest toy, and if I had it now, I think I'd be more attractive to most people. I'd be happier, wealthier. It was the greatest toy ever. What was your favorite toy?
53:53
Damian Dunn
I can't remember the name of the character, but it was a Transformer. That was when it was an airplane form. It was an F 14. And then it was red and white primarily. It was one of my favorites.
54:06
Peter Dunn
I think its name was either Slipstream, I think was the name of that transformer potentially.
54:13
Damian Dunn
I think the decepticon was Star Scream, and that was an F 15, I believe. But the good one was an F 14.
54:21
Peter Dunn
Kristen favorite toy of all time.
54:24
Kristen Ahlenius
I had a Barbie motorhome that closed all up and then when she stopped to camp, it all opened up and it had like a table and a fridge and everything inside. That was pretty cool.
54:37
Peter Dunn
Glamping Barbie.
54:38
Kristen Ahlenius
Yes.
54:40
Peter Dunn
Did that motorhome did it start in the mornings? Was it able to turn over?
54:46
Kristen Ahlenius
I got to figure that out at some point today. Thanks for that reminder.
54:50
Peter Dunn
I'm sorry dame. What else is my name?
54:54
Damian Dunn
The no one reads anymore and physical retail is dying. Naysayers are getting rebuked by the facts on the ground. The Wall Street Journal reported that in a reversal of a trend that's been going on for more than a decade, barnes and Noble is opening more stores than it's closing bookish. Teens will have 30 more Barnes and Noble locations to hang out in by the end of next year.
55:15
Peter Dunn
Really, Kristen, in your lifetime, which is like seven years, where are you in the spectrum of the amount of reading you're doing now in relation to other peak periods of consumption of reading materials?
55:32
Kristen Ahlenius
I read quite a bit right now, but it's mostly for class. Last year I read like, I don't know, it was like 60 books or something. I read like a book a week. So I would say now I'm kind of in a lull, but it's a different type of lull.
55:49
Peter Dunn
Yeah. Dame, where are you? Where are you in the consumption of reading?
55:54
Damian Dunn
Pretty status quo with my reading. Not a whole lot, but I consume the heck out of podcasts.
56:01
Peter Dunn
Yeah. I am at, I think, a peak of reading at this point. I brought home in my backpack. I just reached down and grabbed it. I brought home three books from the office. To read over break or to finish over break. I don't know what it is, but I'm reading a lot. So not that my personal experience is what is being described in this story, but I feel like the more people I talk, people are reading a lot right now. I feel like people I know this is a podcast in a radio show. People are listening less and reading more, which isn't good for, like we're going to get canceled next week because of that.
56:35
Damian Dunn
All right, on the heels of this, let's play a game. Are we ready? Yeah. Physical retail making a comeback. Let's see how closely you've been paying attention on your shopping trips. I'll give you the names of two retail brands, and you have to tell me which one has more locations in the US.
56:52
Kristen Ahlenius
Ready?
56:53
Damian Dunn
Costco versus Sam's club.
56:55
Kristen Ahlenius
Costco.
56:56
Peter Dunn
Costco.
56:57
Damian Dunn
Sam's Club.
56:59
Kristen Ahlenius
Really, dang it.
57:00
Damian Dunn
Starbucks versus Subway.
57:03
Kristen Ahlenius
Subway.
57:05
Peter Dunn
Eat fresh Subway.
57:08
Damian Dunn
Indeed.
57:08
Peter Dunn
Well, Kristen would know. She gets a lot of $11 sandwiches there.
57:11
Kristen Ahlenius
Not anymore.
57:12
Peter Dunn
Well, not today, because you can't start your car.
57:16
Damian Dunn
Blockbuster versus Borders.
57:20
Kristen Ahlenius
Isn't there one Blockbuster?
57:22
Peter Dunn
No. Borders.
57:24
Damian Dunn
That is correct. My team work one. Nilbuster has one. Borders has zero.
57:29
Peter Dunn
He's so sneaky.
57:31
Damian Dunn
Walmart and Target.
57:34
Peter Dunn
I mean, you got to say Walmart, right?
57:38
Kristen Ahlenius
I feel like maybe the wild card is that Target has two different experiences, the super and the regular, but I feel like Walmart probably still wins.
57:47
Damian Dunn
Walmart. Last one. All birds and glossier.
57:53
Peter Dunn
Flukin and flanking. I don't know.
57:56
Damian Dunn
All Birds was the only one that I recognized, and that's the right answer, so all birds it is.
58:01
Kristen Ahlenius
What is? Glossier.
58:02
Peter Dunn
Oh, all birds. The shoe. Yeah. Okay. I thought I was being gross like Albertsons or something. All birds and what's that, Glossier?
58:09
Kristen Ahlenius
I don't know.
58:10
Damian Dunn
Apparently, it was just one of the questions. I don't know.
58:14
Peter Dunn
All right. Hey, next week on the show, we are doing the year in review investments. Damien and I, we already know who won and lost. Damien and I are going to review our 2022 market and stock picks, and Kristen is getting in the action in 2023 as she makes her prediction. So, guys, off the air, we're clearly going to have to choose the categories and what we're going to add and take away for Stock of the Year, biggest Loser of the Year, s and P 500 prediction of the Year, and so much and beyond. So happy holidays to both of you. Kristen, you've been a phenomenal addition to the show this year, so thank you so much for joining us. Thank you, Dame. Thanks for ruining my week. And everyone else. Merry Christmas. Happy holidays. Happy Hanukkah and New Year's and everything else. So sending good vibes, because good vibes are all that's in the budget.
59:09
Peter Dunn
I'm Pete the planner. This is the Pete the Planner show. I'm kidding. Dame, I love you. I'm actually not that bothered. I mean, sure, I cried for 90 minutes, but whatever.
59:23
Damian Dunn
Sorry.
59:26
Peter Dunn
I only have two other things today, so I'm very relaxed. I have no hurry up and go. I don't have to go get a new car battery. I'm just, like, really laid back. Special guest. Special guest. Who is this?
59:41
Kristen Ahlenius
This one's mojito.
59:42
Peter Dunn
Mojito, a golden retriever, is on the podcast right now. Can Mojito make any sounds into the mic, like dog sniffles or like that?
59:54
Kristen Ahlenius
No, Mojito doesn't make any noise at all. Really?
59:57
Peter Dunn
Wow. Unless you have enough of yeah, he's.
01:00:02
Kristen Ahlenius
A good.
01:00:05
Peter Dunn
Like, I brought Ted, who is basically a golden retriever. Mojito is joined with Kristen. Do you have any special guests? Dame the bison. All right, anybody? Any parting words for the year here? I guess not. Okay, fantastic. Thank you both. I hope you guys have a great break. I'm sure I'll exchange texts with you, but anyway, I'll try to leave you alone. Everyone else thank you for listening this year. We appreciate it. We have fun on the show, but we do take your commitment to the show seriously. So we appreciate you. So stay getting money. Bye.
