00:09
Peter Dunn
Fire. Good day. Good day. Good day, everyone. I hit the intro for the first time in a long time. The little poop. I always miss it at the beginning. You're thinking, how can you miss it? You're just pressing a button. It's harder than you think. Speaking of dame. Hi, Dame. It's Damian. Did you see where I was going there and then?
00:29
Damian Dunn
I did. You got in front of it. Way to go, Pete.
00:31
Peter Dunn
That's two.
00:32
Damian Dunn
That's two wins in a row.
00:33
Peter Dunn
I meant muscular. Hey, Danza. Good to be with you. Hello, everybody. So paint the bottle shuttle right here. I'll pay the planner. Radio network. Dame big show this week. Twitter poll, email question, discussion about the Internal Revenue Service fun and bombing news. How was your week?
00:57
Damian Dunn
Busy. I have for some reason, it just seemed like things started rolling and then they were cascading and whatever word comes after that to mean more.
01:07
Peter Dunn
Yeah, it was something, right?
01:09
Damian Dunn
It was something.
01:10
Peter Dunn
It was something. Jeremy. Good day, Jeremy. Jeremy sent me the means a gift. So Jeremy sent me a gift this week, a means to change the color of my fire in my solo stove. And so this week, my family was gone from the house. So it was great. I went out on the porch, started a fire in the solo stove. Did not it's dry? January. So I did not have a bottle of the brown with me in the hand or a glass, I should say bottles, a little aggressive. And I put the colorful fire in, and I had a neighbor walking their dog. It was sort of dusk or dawn, which is night. Dame dusk. Okay, it was dusk because the movie from dusk till dawn, that's how the old Robert Rodriguez anyway, someone walking their dog by, and there's like rainbow flames coming out of this thing.
02:05
Peter Dunn
And my neighbor is a real nice, progressive person. They're like, oh, I love it. It's a pride fire. And I was like, well, yeah, I will gladly claim that it is a pride fire. Not the intended message, but I fully support that message. So I will want to thank Jeremy publicly for the ability to have pride fires that my neighbors love.
02:28
Damian Dunn
I think I probably would have just said I was grilling a unicorn.
02:32
Peter Dunn
Oh, that's a much better thing. Much better thing. Jameson. Hello from Texas. Dame do you think Texas the state of Texas, actually. Is it republic? What's? The Texas Republic. It's commonwealth. What is it?
02:49
Damian Dunn
Somebody will tell us.
02:50
Peter Dunn
Anyway, do you think they'll have their winterized moment of Zen this year, or do you think they're in for another one?
02:59
Damian Dunn
I was told it got like, all the way down to 50 something the other day, and they were panicking.
03:04
Peter Dunn
You ready to do this little masquerade?
03:08
Damian Dunn
Yes.
03:08
Peter Dunn
Brittany, hello. Good to see you. Brittany weighing in on Facebook live right now. Not related. Duns brittany, here's the thing with the name brittany. I mean, since we're at it here today, it's always spelled I don't think I've ever met two Brittany's with their name spelled the same, you know what I mean? So anytime I know someone, I know a few Brittany's personally, like, they're my friends or acquaintances, and so I might email them or something like that. And if I didn't look at it, I wouldn't know how to spell their name is what I'm telling you.
03:39
Damian Dunn
Just met a Brittany yesterday that has an I after the double T's.
03:43
Peter Dunn
Yeah. Danza wants to know if I hit the Miguel this morning. Seems a bit overcaffeinated. You know what it's with that dame, I want you to carry the show. I'm going to go get a Miguel right now.
03:55
Damian Dunn
All right, so listen to everybody. Pete was up early this morning, and he let me know very early in the day that he was running on caffeine power today. So I don't know what we're going to get today out of Pete. I'd just be ready and be gracious. That's all we need to do. Be gracious. Here he comes.
04:19
Peter Dunn
All right, I'm back. What I miss?
04:21
Damian Dunn
Nothing. We're just talking sports.
04:23
Peter Dunn
Oh, good. Kirkland brand. Let me go. A full shot here, kirkland's cold brew coffee, 100% Colombian. There's a jaguar on it. And we've named him Miguel. And we love to start our day with Miguel around here at the Pete Planner World Headquarters. If you may listen to this sound. Miguel has totally right, dame, miguel has 225 milligrams of caffeine per can, which is the equivalent of 2.3 cups of coffee.
04:58
Damian Dunn
Who do you think makes that for costco, Kirkland?
05:02
Peter Dunn
Whoever this jaguar. Miguel.
05:04
Damian Dunn
Yeah, the can. I mean, who do you think makes the liquid that's inside that can?
05:08
Peter Dunn
It's a good question. I can note this, though. I did have a large cup of coffee this morning, and we're going to go for a second move here. I also want to note the first taste of Miguel. It tastes like a bandaid on your very first sip. You're like what? Okay, so right now, I want you to see my I'm going to zoom in on my face here. Sorry, podcast listeners, you're not going to get to my see my face. But, Dame, as soon as I sip and you see my face, if you could describe this to the podcast listeners as a bonus.
05:39
Damian Dunn
Okay, go ahead.
05:41
Peter Dunn
Play by play.
05:42
Damian Dunn
Ladies and gentlemen, Pete is now lifting the can to his lips.
05:45
Peter Dunn
Miguel is on my lips, tilting his.
05:48
Damian Dunn
Head back and swallowing, and looks like he just sniffed a diaper full of.
05:57
Peter Dunn
The first sip is like the smell of a bandaid, which is one of those weird smells that you kind of like, but it's a bad smell.
06:07
Damian Dunn
Yeah.
06:08
Peter Dunn
So it tastes latexy. Miguel has a latex taste to him. Interesting. But anyway, after that, once, it's sort of numbed all of your taste buds, right? Speaking of taste buds. Did you know Grimace from McDonald's is supposed to be a taste bud?
06:26
Damian Dunn
What?
06:26
Peter Dunn
Yeah.
06:27
Damian Dunn
I'm going to need confirmation on that.
06:29
Peter Dunn
No. Look, I didn't even know you were Catholic. You don't need to be confirmed. I will note this. Grimace is a taste bud. A big purple taste bud. You didn't know that?
06:39
Damian Dunn
I think you're lying.
06:41
Peter Dunn
I'm not lying. I'm not lying. How could I make that up? Dame in the moment. I pulled that from the Knowledge database.
06:51
Damian Dunn
You're stand up, you've done. Stand up and you took can we.
06:55
Peter Dunn
Talk about that for a second?
06:56
Damian Dunn
Oh, that's right. Yeah, go ahead.
06:59
Peter Dunn
Crackers comedy club closed this week, downtown Indianapolis. That makes me so sad. Owner is a woman by the name of Ruth Ann. She Indianapolis person for a long time had the comedy club. They had one in Broad Ripple that one closed and they had the one downtown. And it makes me sad primarily because I'm sad when someone's business closes. I'm sad for the comedy scene, and I'm sad because I have memories there of doing sets on stage that had various degrees of success. The first stand up show I ever did was an open mic. Have I told you this story?
07:40
Damian Dunn
I don't know.
07:41
Peter Dunn
This was 2004 or five, and I was doing a lot of improv comedy, but I had never done stand up, so I went to open mic. And open mics work like this, or at least they did in 2004, 2005. You sign up on the list to go up, but you're supposed to bring people the whole point, the reason they do it is so you bring your friends to buy drinks and laugh at you. Well, I didn't want to try out stuff with my friends, so I just went and didn't have friends. So all of the other people in the audience were the friends of all these other comedians. It turns out that everyone else at this open mic worked Blue. Worked Blue. It's not that I don't am not a dirty person. In fact, arguably I am, but on stage I am not ever. And so my set was funny.
08:30
Peter Dunn
However, it wasn't on brand to what everyone else was doing. So it was the biggest bunch of crickets. And then I'd go sit down, and some would go up and tell like, a weed joke, and everyone was like and I was like, what is going on? But after that, it got much better.
08:48
Damian Dunn
Are there other comedy clubs india? Because all I ever knew of was.
08:52
Peter Dunn
Crackers Grimace, was originally called Evil Grimace and was scary and had forearms and stole milkshakes.
09:00
Damian Dunn
I'm going to need a picture of that, too.
09:02
Peter Dunn
So are you telling me Grimace brought them his milkshakes, brought the boys to the yard? Is that what we're saying?
09:08
Damian Dunn
No, he stole the milkshakes from the boys in the yard.
09:12
Peter Dunn
Darn right. It's better than yours. All right, should we start the radio show.
09:16
Damian Dunn
Dame oh, my gosh.
09:18
Peter Dunn
What?
09:18
Damian Dunn
Google Evil Grimmas.
09:20
Peter Dunn
Okay, I got to Google it. Oh, I'll put it on the screen if you want.
09:23
Damian Dunn
Yes. Sorry, podcast listeners, but this is we.
09:25
Peter Dunn
Are putting Evil Grimace on the screen. This is a special for the live oh, my gosh. What in the world? I'm going to do this one. Damien, you want to go ahead and do your best to describe what we're looking at here?
09:43
Damian Dunn
No, it's terrifying.
09:45
Peter Dunn
I meant really for the benefit of the podcast list.
09:47
Damian Dunn
All right, are you going to put it up? Okay. There we go.
09:52
Peter Dunn
There it is.
09:52
Damian Dunn
So imagine Grimace with two more arms, holding eight milkshake and looking having a look of.
10:05
Peter Dunn
Boy, he looks like Violet Beauregard when she turned into a blueberry. And Willy wonka.
10:11
Damian Dunn
Yes.
10:12
Peter Dunn
But purple.
10:13
Damian Dunn
Yeah, I think those are arms. Yeah, I can see why that didn't stick around.
10:22
Peter Dunn
Danza brings up a really good point. Grimace and Hamburgler are the McDonald's Guild of Thieves. So think about this for a second. McDonald's is like this wholesome American brand, and two of their mascots are thieves.
10:38
Damian Dunn
Yeah, so interesting. There's got to be some psychology paper written on that somewhere.
10:45
Peter Dunn
I don't know. All right, Dane, we should probably do a financial show.
10:49
Damian Dunn
Yeah.
10:53
Peter Dunn
You're good. So you're good to go. You're in a good place.
10:57
Damian Dunn
That Grimace thing is kind of messing with me, but yeah, let's do this.
11:00
Peter Dunn
Let's start the show. Oh, I have a new scrolling banner today. It says, Be the bright spot in someone's life. They need it.
11:09
Damian Dunn
It's true.
11:10
Peter Dunn
It's for the podcast listeners. All right, Dame, let's do this thing. Let me pull up what we're doing. Dame I'm getting slacks. I'm getting emails. This is not a good way to start the show.
11:26
Damian Dunn
Close those tabs.
11:29
Peter Dunn
I can't. I could. I shouldn't. All right, here we go. Oh, I should start the clock as well. Damien got big dr. Martin Luther King Jr. Day plans.
11:45
Damian Dunn
I do not. But thank you for putting me on the spot to disappoint everybody that's listening.
11:50
Peter Dunn
Well, I'm going to big time. Yeah. Every Dr. Martin Luther King Jr. Day, especially when we have children, we'll pull up YouTube, because my kids are always on YouTube anyway, and we'll watch a speech and sort of talk about it. And it's interesting. They hear Dr. King referenced a lot, and they learn about him at school from time to time. I think one of the most remarkable things about Dr. King is that in his early 30s is when he did all this stuff. Right. And as a 44 year old person, I find that to be remarkable. Also, it makes me feel incredibly bad about myself.
12:24
Damian Dunn
But don't you do that on a fairly regular basis? Not just you individually, but watching the accomplishments of people half our age I know, like, various activities, whether they're athletic or whatever.
12:39
Peter Dunn
Yeah. But I guess we shouldn't be too hard on ourselves that we did not accomplish as much as Dr. King.
12:47
Damian Dunn
Pick a little bit more realistic target.
12:49
Peter Dunn
Pete my least favorite part of Dr. Martin Luther King Jr. Day every year is the misappropriation of his words. So I'm not looking forward to that. Brian pinkens makes it into the audience. Greetings, my friend. Greetings, my friend. It's gymnastics seasons. His daughter's a gymnast as well. My daughter is a gymnast. And so we've got that gymnastics dad vibe to us where we like, sort of wiggle in the crowd to our daughter's floor music.
13:17
Damian Dunn
How much of her floor routine do you know and could you do?
13:21
Peter Dunn
Well, New season started last week, so she's a new routine, so I don't know it. Last season I did and I beat the crowd, like do the little the pouty kitten or whatever that I call it. But I don't know this one that much yet. I have to say, though, I mean, she did win the meet again. She's on a seven meet winning streak. She wins the whole thing.
13:46
Damian Dunn
Sounds like you need to find some different competition.
13:49
Peter Dunn
Thank God there's so many gymnastics scholarships out there.
13:52
Damian Dunn
That's right.
13:54
Peter Dunn
Okay, let's do some right now. Okay. Three, two, one. This week on the Pete the Planner Show, it's your time to learn about money. Dame Dunn joins me on the show. Damian, I just changed the open for the show for the first time in a really long time, and that was weird. How are you?
14:13
Damian Dunn
I'm betting it's not going to stick around for next week.
14:16
Peter Dunn
I think we'll go back to normal. Dame this show works like this. People email us questions about their financial lives, and we answer them. The questions are good, the answers are better. And the best part about the show, people don't realize this. Maybe subconsciously they realize this. Dame we never say, you know what, give us a call on Monday and we'll sort it out. Why? Because we're not here to sell you things. We're here to help you. The bad part about financial radio on the weekends, the most of the time, people are like, you know, we definitely know the answer to that. So set an appointment and talk to us on Monday. Don't talk to I don't want to talk to you on Monday. I want to solve your problem now. So thanks for listening. Dame I have had a tremendous amount.
14:56
Damian Dunn
Of caffeine, and it shows.
14:59
Peter Dunn
Dame this week on the show, we've got a few different things. It's a little bit of a potpourri a smorgasbord, if you will. Here's what we've got. We've got an email question about can I retire? So we're going to play a little game called Can I retire? Oh, I didn't change my voice. Like, I thought it was going to work. Straight again.
15:13
Damian Dunn
Can I retire?
15:16
Peter Dunn
Then what?
15:17
Damian Dunn
Very ominous. I don't know if that's totally appropriate.
15:20
Peter Dunn
Let me try it this way. Can I retire?
15:24
Damian Dunn
You're just mocking them.
15:25
Peter Dunn
Okay, that did seem rude. The second thing we're going to do is we're going to have a segment called should You Be Concerned If Your Financial Advisor is an Avid Sports Gambler? You and I got talking about that last week and then I was like, we need to make a Twitter poll out of this. And we did. And so then you and I are going to discuss the results of said Twitter poll.
15:44
Damian Dunn
Looking forward to it.
15:45
Peter Dunn
Segment three, we're going to talk about why the IRS is going to ruin some springs for some people and that's going to be awkward. And then of course, Guam and News dame, we got an email. This is from you know what, they didn't leave a name. They didn't even greet us. It just says hi and then it just gives a bunch of numbers. Can I assume they're saying hi to me and not you?
16:09
Damian Dunn
That's almost assuredly what the case was.
16:12
Peter Dunn
Hi. We're 55 4.6 M net worth. So great. I love my job. 4.6 M net worth, one M of which is in our home. Two private colleges funded, zero debt. One hundred and twenty K a year, all in spending. And we can easily cut back, estimate five K a month. SS in twelve years or more. Waiting to 70.5. Can we retire? PS. 60 40 portfolio, 6% rebalancing bands. That's enough information for me.
16:50
Damian Dunn
Think so, do you? No.
16:55
Peter Dunn
Okay, so $4.6 million net worth, a million of it is their home. So their net worth in terms of investable assets that generates income is $3.6 million. Good math, correct? Good, yeah, it's pretty good at math. I just subtracted 1 million from 4.6 and guy came up with 3.62 private colleges funded. Gives you more information than you think. Because what it tells me is that they cash float. It probably okay, they cash floated or drew on some assets. And when that period was done, they re expanded their lifestyle. They reabsorbed that cash flow and created new expenses. And that's why there's this doubt as to whether they can pull it off right now. Because typically if you've funded two private education, you only need 100 only you need $120,000 a year of income and you've got a $3.6 million investable asset related net worth, you should be able to do it.
17:59
Peter Dunn
However, there's two things. One, I think they increase their lifestyle at a weird time. Number two, it's the 59 and a half problem, right?
18:06
Damian Dunn
That's one of them. We have to assume, I guess we don't have to assume. I'm going to assume that a good chunk of this cash is tied up in qualified funds, which present a bit of a problem for making sure you're going to have that income that you need for retirement. My answer would be maybe you can retire. And then the second thing I would say is prove it. They say $120,000 a year in spending and we can easily cut back. Well, how about you live on that cutback amount for a year before you really start thinking about retiring? Because the other thing Pete, I don't know if you've looked at our predictions for the stock market and the stocks that we picked recently, but I have not. Things are starting slowly this year. Let's just say, sure, we've talked about sequence of returns risks on this show a few times.
18:55
Damian Dunn
If you were to potentially pull the rip cord this year and have some bad performance in the market, you're going to really have an issue potentially.
19:08
Peter Dunn
With.
19:08
Damian Dunn
The assets that you've got left over after taking a good chunk of money out to live on and having a big market hit right now. And you're twelve years away, at least from Social Security. So while you have a substantial amount of assets sitting there and if you can cut your spending back, yeah, you could probably make this work, but I would let you prove it to yourself first that you don't need $120,000 a year to live on.
19:34
Peter Dunn
Did I just pick up a bonus tip from you that when you feel bearish about the market and you're considering turning on the faucet of income off of your income producing assets, that maybe you should pump the brakes and wait until the market, in your view, stabilizes? Did that what I'm here am I reading into your thoughts?
19:57
Damian Dunn
That's the comfortable answer. However, you and I both know and have said a number of times we can't predict markets, but if you had to try and guess which we did, this is going to be an iffy year. I'll just leave it at that. If I was looking at retiring at 55 and relying on my assets, I'd want to have a relatively good outlook on all sorts of the financial front, socioeconomic, political, all that stuff. And right now, I just feel like there are so many things up in the air that could cause some major stress in my portfolio and drawn money out of it during that time when maybe I punt for a year. Maybe I check a couple of other things off the box. Maybe I prove myself that I don't need $120,000 a year to live on. And if you're still working at that time, you're building those reserves even more.
20:57
Damian Dunn
Maybe that's what I would look at.
21:00
Peter Dunn
Dame what about the Rule of 55 as it relates to this? Because I've done some math, at a three and a half percent distribution rate, $3.6 million should generate $126,000 of income a year. The issue, as we know, is that I'm going to go out on a limb here and say 80% of their 3.6 million is probably qualified money, which they would not have access to for four and a half years without penalty. So they could potentially activate and utilize the Rule of 55, which lets a person pull money out of their 401K prior to age 55, but I generally don't advise that. What do you think? Did you just mute your line to cough and then not re unmute yourself? Because that's amazing if that's what happened.
21:53
Damian Dunn
I am a professional. Yeah. I typically don't go for rule of 55 except a handful of smaller circumstances, but I would just be a little bit more cautious. Let's be honest, this couple is sitting really well. But there are just a few things that I would want to if they were my clients, I would want them to prove to themselves and maybe me first before we charge forward with this.
22:23
Peter Dunn
Jameson, listener of the millennium, noted that health care would be a major concern here.
22:31
Damian Dunn
Yeah, absolutely. You're going to have to pay for that. And if there are any health issues between the couple, health care could be expensive, which when you look at the big number, the 3.43.6, what if you have to pay $1,000 a month? In your head, you're probably thinking it's not a big deal, but it could be a really big deal.
22:52
Peter Dunn
I will note in the words to this anonymous emailer, in the words of young tea and bugsy, don't rush. No, don't rush.
23:03
Damian Dunn
I have no idea.
23:03
Peter Dunn
It's not your thing. Okay. The kids liked that one, though. Anyway, dame, coming up after the break, what should you do if you find out your financial advisor is an avid sports gambler? Should you care? Should you freak out? We have a twitter poll that tells you what to do. That's next on the Pete the planner show. I'm Pete the planner. You don't know the young tea and bugsy. Don't rush. Slow touch like that. I'm not going to sing it. Anybody in the comments? Anyone on the live stream here? No. I could play the song, but then we could get copyright infringement, so I'm not going to mess with it.
23:37
Damian Dunn
Nobody is surprised in that stream that I don't know t and bugsy.
23:41
Peter Dunn
I would have said that was young tea and bugsy.
23:43
Damian Dunn
I would have said that was like the animaniacs, the young bugs bunny and some new character they're introducing.
23:52
Peter Dunn
All right, so after the show, I want everyone not now, we're busy. Everybody google young tea and bugsy and that's bugsy with an EY. Of course you can't take the e out of bugsy. Here's a question for you. Let's say your name's like John bugglesworth, okay? And you got to have a nickname, bugsy. So at some point in time you have to figure out, how am I going to spell this made up nickname that people gave me. And what John bugglesworth did, I don't know if that's his name. We're just spitballing here what he did. He was like, well, it's bugsy but it's EY. How do you come up with that?
24:35
Damian Dunn
Because there is already a bugsy without.
24:36
Peter Dunn
The e. You think it's really about intellectual property? Probably when our daughter Olivia and by our I mean, not you and me. Me and Mrs. Planner. When Olivia was part of this world for the first time, were like, we're going to call her Olive. That was the plan. We're going to call her Olive. And then she got here and we're like, oh, Ollie. And we started calling her Ollie. So for the first couple of weeks, we spelled Ollie different than we do now because we had to determine this made up nickname of like, how do you spell it? And so we spelled it B-U-G-S-E-Y. Dame. Are you excited about this financial Advisor sports betting poll?
25:17
Damian Dunn
I really thought you were going to go with EY on Ollie.
25:21
Peter Dunn
That's all right. Yeah, I know. Everyone, my video keeps freezing. I know. I'm sorry. Dames looking into it.
25:30
Damian Dunn
You're not going to put Jeremy's comment up there? Did you really draw attention to it?
25:34
Peter Dunn
Pete, your video keeps freezing. Dames is smooth, just like his advice.
25:39
Damian Dunn
Oh, brother.
25:40
Peter Dunn
No, guys, it's me. I'm hardwired in hashtag. Comcast. Okay? You don't need to see me. It's an audio experience. You only want to look at me if you're looking to suppress your appetite. All right, Dame, twitter poll time. This show feels like it's going to go long. We did do 14 minutes of banter to start the show because I went and chased down Miguel.
26:11
Damian Dunn
You caught him.
26:12
Peter Dunn
That was man, this is going to hurt. I have to admit. I did get up at 230 this morning. So this is part of the I'm going to crash here soon.
26:22
Damian Dunn
I think we have you go grab another can of Miguel before the fourth segment.
26:29
Peter Dunn
I don't think I can double fist Miguel. That would hurt. I am ready to continue.
26:35
Damian Dunn
Let's go.
26:35
Peter Dunn
All right. So, Dame, we're just starting the segment. Everyone and I will explain along the way. Oh, Dame, which ones are you taking? We'll decide on the fly. Because what's better than deciding on the fly?
26:44
Damian Dunn
Yeah, right.
26:45
Peter Dunn
Three, two, one. Back on the Pete the Planner show. Here's how the show works. You email us, at askpete@petetheplannercom that's askPete@petetheplanner.com. But sometimes I don't want to talk about what you want to talk about. I don't want to talk about what I want to talk about. So Dame and I were talking this week. Were we slacking? How did this come up?
27:02
Damian Dunn
Slack? Absolutely.
27:03
Peter Dunn
Did I ask you or did you ask me?
27:05
Damian Dunn
You're getting into the weeds now.
27:07
Peter Dunn
The question came up from one of the duns to the other dun. No relation. Would you be concerned if your financial advisor had several sports gambling apps on their phone and you and I came to a very quick conclusion, which it was a shared conclusion, correct?
27:28
Damian Dunn
Yes.
27:29
Peter Dunn
And then I was like, we're going to talk about this on the show. And I was like, you know what? I want the perspective of the general public. Anytime you want the general public, you go to the hellscape that is Twitter. So I went to Twitter, and I put out the following tweet. I quote, the one and only Pete the Planner. This is one of our topics for this week's radio show. How would you feel if your financial advisor had several betting apps on his or her mobile phone? The choices I gave, I wouldn't care. It would make me happy. It would kind of bother me. Or run for Zaheels. Run for Zaheels. Dame, what you and I are going to do is we each are going to select two of these, and we're going to make the argument as to why the population of people who voted that way are correct.
28:16
Peter Dunn
So we're going to do a draft. I'm going to let you choose which argument you want to make first. Which argument for, should your financial advisor have betting apps on their phone? Does it bother you or not? Which one do you want?
28:28
Damian Dunn
Which were the two positive?
28:31
Peter Dunn
It was I wouldn't care and it would make me happy, or you said, Send me an offer code.
28:37
Damian Dunn
I wanted to go for the it would make me happy.
28:39
Peter Dunn
Okay, dame, your financial advisor, you find out they've got several betting apps on their phone, and you say, Man, I'm great with that.
28:49
Damian Dunn
I do these things myself. Makes my advisor seem more relatable. It gives us something else to talk about other than how bad my portfolio performed under his or her guidance, and we can maybe go out to a game and share a beer. Just a nice way to connect a little bit.
29:08
Peter Dunn
Of 336 votes, 3.9% of people had that answer. Three point nine three point nine percent of three hundred and thirty six votes said make me happy.
29:19
Damian Dunn
Okay.
29:21
Peter Dunn
Obviously that was not our selection because we are killjoys. We are not happy for other people's fuss. I'm going to draft. It would kind of bother me. Okay. I don't know. It makes me uncomfortable. I have a hard enough time viewing investments not as gambling. So if my advisor sort of, in a way, intertwined the two like a shredded wheat biscuit, it would slightly disturb me. I likely would not say anything, but it would always sit in the back of my mind because I don't personally do it. And of course, if you have this perspective, it's likely because yourself probably don't bet on sports. 25.9% of respondents said, It would kind of bother me.
30:05
Damian Dunn
Okay.
30:06
Peter Dunn
All right, dame, your draft pick. Would you want? I don't care. Or run for Z hills. Which would you like?
30:12
Damian Dunn
Let's do run for Z Hills.
30:14
Peter Dunn
I was hoping for that one, but you know what? It's your pick. It's your pick where I'm not trying to influence you. Go ahead. Run for Z Hills.
30:21
Damian Dunn
Listen, I was raised to think that gambling is a complete waste of money and a very poor sign of judgment. You're just basically throwing money. At something that is almost guaranteed to make you lose money. If he is doing he or she is doing that, how can I trust their judgment with the investments that they're picking for me? Maybe it's way outside of what I'm comfortable with. And if they are comfortable losing their own money, I know they're comfortable losing my money.
30:49
Peter Dunn
19.9% of people said run for Z Hills. Okay, so far, 3.9% of respondents said if their financial advisor had several betting apps on his or her mobile phones, it would make them happy. 25.9% of respondents said it would kind of bother me. And 19.9% of respondents said run for Z Hills. Which brings us to the winner, which is 50.3% of respondents. I don't care. So I am now going to make that argument. I don't care. All right, so that is where we're at now, dame, it's important for you and I now to give a little perspective on this. We are in the industry collectively. We've got decades of experience in this industry, understanding people's habits, understanding investments, understanding risk. What say you, fair bald man?
31:44
Damian Dunn
It would at the very least bother me a little bit and depending on the overall relationship or maybe the totality of circumstances with my relationship with that advisor, maybe even run for the hills.
31:58
Peter Dunn
Run for Z Hills. All day for me.
32:01
Damian Dunn
Z Hills.
32:01
Peter Dunn
Z Hills. Run for Z Hills. Here's why. I don't care if my financial advisor likes booze. I don't care if my financial advisor smokes. I would care if my lung doctor smoked. I would care if my liver doctor drank heavily. But I do care when my financial advisor treats money. And I remember we're not talking one app on their phone. The question was several gambling apps on their phone. That's a problem in my estimation, my opinion. Now, of course, people had responses on Twitter to this, and one of them was, are you going to be bothered if they drink? No, I just said that it doesn't bother me. Dame, how much do you think you and I are influenced in our way of thinking by the fact that you and I don't gamble?
32:54
Damian Dunn
Oh, probably a lot. Yeah, probably a lot. It's just not something that appeals to either of us because we see the inherent risk in doing that. However, I know advisors that gamble. I'm sure you do too, and I think they do a pretty darn nice job for their clients along the way as well. So I'm not saying it can't be done, but I think this is very much a personal preference question. If it's something that bothers you and that you see as a big red flag, it's something that's just going to sit in the back of your mind and make you think, man, I don't know if I agree with that investment selection, or maybe he's telling me to retire a year earlier than I really can. There's all sorts of ways that these things can start to impact the relationship with your advisor and your confidence therein, too.
33:45
Peter Dunn
I have to make a series of admissions here. Number one, I don't know if I'm more influenced by the fact that I give guidance financially for a living or if I give guidance financially in a mass scale, but one of my biggest fears is hypocrisy as it relates to what we do. To tell a group of people or an individual to do one thing and completely doing the opposite without justification has been my biggest fear, and I would say also Dame. And this is as much a disclaimer as it is a thank you, and I bet you feel the same way. One of the best parts of our jobs is watching other people succeed and fail holds us accountable to our own ambitions and dreams financially. And the fact that we get to take a peek inside of so many people's financial lives, is that not the biggest blessing of what we do?
34:38
Damian Dunn
Oh, yeah. There's a giant amount of personal satisfaction that comes along with doing what we do. Probably. If it's not the best part of the job, it's right there in second place. But can I throw a wrinkle into this question?
34:54
Peter Dunn
Please do. You've just clearly seen the crows feet around my eyes. Go ahead.
35:00
Damian Dunn
What if they budget for the amount of money they gamble each month?
35:05
Peter Dunn
Because at that point, it's entertainment. Okay.
35:14
Damian Dunn
But several apps, those offer codes don't last forever. Pete.
35:21
Peter Dunn
I don't know, man. I am a prude on this topic. I am 100% a prude on this topic. And I also have to say the know your limits gambling commercials that are on right now, like the public service announcements, are the least sincere public service announcements in the history of public service announcements. You thought the toss your keys to a designated driver ones were a little awkward. That's nothing compared to the same pitch spokesperson that's saying gamble all your money away is going, hey, but if you have a problem, call us. 1800 number. Thanks. This message is sponsored by the people that want all of your money. I'm approved. We're moving on Dame after the break. Speaking of other people want all your money, the IRS is slowing down refunds this year, and we'll tell you why. That's next on the Pizza Planner show. On Pizza Planner.
36:10
Peter Dunn
That's the segue.
36:11
Damian Dunn
There we go.
36:12
Peter Dunn
And I don't mean like a little scooter you ride around. I mean, that's a good segue.
36:18
Damian Dunn
Have you ever tried to ride one of those little hoverboard things?
36:22
Peter Dunn
Well, there's a couple of things we got to note here. Number one, maybe, but I don't remember because I have a bad memory, I think, but I don't think so. They seem terrifying. I'm afraid to snowski. If we're really talking about things you've tried and not tried, really? I'm terrified to snow. Ski never done in my life because of this image I have of going and doing the splits, and then that seems like that would hurt. And my aversion to skiing has nothing to do with weather, has nothing to do with snow, has nothing to do with heights or the Russian speed of skiing. It's simply involuntary splits.
36:59
Damian Dunn
Potential groin injury is what's keeping you back from enjoying a good day on the mountain.
37:04
Peter Dunn
Most of the great decisions made in the history of mankind have been the avoidance of groin injuries. Wars have started over the avoidance of groin injuries. I'm sure I don't have the data to back that up.
37:19
Damian Dunn
Doesn't matter.
37:21
Peter Dunn
Let's move on. Okay. IRS. Should I pull up an article to give statistics here? Should I just wing it?
37:29
Damian Dunn
Everybody's favorite topic, the IRS. I mean, you've made it this far in life without data.
37:38
Peter Dunn
Yeah, let's look it up.
37:39
Damian Dunn
Okay.
37:41
Peter Dunn
Ready to go? Because I have thoughts. I just don't want to waste them in the sidebar here. Yes. Beating my chest. Here we go. Three, two, one. Back on the Pizza Planner show. Dame. The IRS fired a warning shot this week, and it said, hey, y'all, we're sort of overwhelmed right now. We're short staffed. There's going to probably be a delay in processing refunds on people's tax returns. So I want to talk about that, what people should know, what people should do. But I have a major admission I need to make before we get started on this. Dave, have ever told you about my fear of making public comments about the IRS?
38:26
Damian Dunn
I think that just makes sense. I don't know if you've verbalized those, but I think everybody has that little spidey sense that as soon as you start disparaging the company, the institution that could come take your money, you start second guessing yourself.
38:41
Peter Dunn
Now, you are a public figure. You're on this program. You write things, and whatnot do you share? That sort of fear of making bold statements about the Internal Revenue Service.
38:52
Damian Dunn
Yeah, but that's because I'm paranoid.
38:54
Peter Dunn
Yeah. I think that's really the trend of the show here today. Me, too. So I just want to go out and say, number one, this is not pandering. This is not pandering. Number two, thank you for all the hard work of all the employees within the IRS who they're doing their job. I have nothing against people in the IRS whatsoever. Dane we do have a problem, though.
39:20
Damian Dunn
Can I interject there for please do.
39:22
Peter Dunn
Please.
39:23
Damian Dunn
Here's what a lot of people don't realize. If you were to set up an appointment for whatever reason to meet with somebody at your local IRS office, I think the majority of instances, you would be very surprised at how pleasant and helpful those individuals are. There are a lot of good people doing fantastic work in local IRS offices. Unfortunately, we just get our main impression is through form letters that we get in the mail and call centers that we have to call into and wait on the phone for 40 forevers. But the individuals that are meeting people are really good at their job and really helpful. So I concur. The IRS does have a large number of very competent, very kind people.
40:07
Peter Dunn
Describe your personal pucker factor from a scale of one to 1010. Being full pucker. When an envelope arrives at your home with the seal of the IRS in the top left corner, where are you.
40:16
Damian Dunn
At at least a seven.
40:20
Peter Dunn
Yeah, I'm a nine. But the weird thing about what your Mrs. Planner does for a living, does that take you from a nine to a seven?
40:29
Damian Dunn
Well, then I get worried about her reaction when she sees a letter from the IRS and she's going to ask what I did wrong.
40:35
Peter Dunn
So it's a ten is what you're saying. There's nothing like getting a letter, and sometimes it's like we processed a change of address. A, I didn't move, so thank you, but B, weird flex urs. In a briefing on Monday, treasury Department officials highlighted the lack of resources at the IRS and said a lower level of service should be expected. I have to be, again, fair here, and this is not as morose as it may sound. I sort of expect a lower level of service with everything right now. And I've had to tell myself I'm okay with that because I think everyone's at their ropes end.
41:17
Damian Dunn
You mean lower level of service for everything except our service?
41:21
Peter Dunn
Exactly. Including the time it will take staff to answer phone calls from taxpayers with questions. Treasury officials noted that in the first half of 2021, fewer than 15,000 employees were available to handle more than dame, have I ever gotten visibly sick on the show and have been unable to recover? I've been doing the show for, I think, 1213 years, something like that. Right now everyone's like, how? Not because it must a lot of work. It's like, how are you still in the air? Fair question. Dame, the number I'm about to read you is the most shocking number I've ever given you on this show. Do you want to guess how many calls came in that were meant to be handled by 15,000 people in the chat right now? There's a live we broadcast the show live, 10:00 a.m. Eastern on Fridays on Facebook, YouTube, and Twitter.
42:14
Peter Dunn
I want everyone in the chat right now without looking it up. How many calls did 15,000 employees handle in the year? In the first half? In the first half of 2021? In six months, how many calls did 15,000 people take? Dead air is fun.
42:38
Damian Dunn
Dame, I'm working.
42:41
Peter Dunn
I'm going to read some guesses from people who stepped up here. Brittany says 2.57. Jeremy, 3 million. Rick, aggressive answer, 30 million. Danza says 1 million. Brian says 3.5. Amanda says three. What do you say, Dame? Four and a quarter, 4.25 million.
42:57
Damian Dunn
Yeah.
42:58
Peter Dunn
I have to tell you, everyone is so wrong? 240,000,000 calls. What are you owing me? 240,000,000 calls in six months? That 15,000 people had to answer 240,000,000 calls. 15,000 employees. That's 16,000 calls a person.
43:24
Damian Dunn
Yeah.
43:26
Peter Dunn
Dame, you run a phone line for a living. That's what you do.
43:33
Damian Dunn
Yeah, I do.
43:35
Peter Dunn
What if our team was taking 16,000 calls in a six month period? Would we have a team?
43:43
Damian Dunn
No.
43:47
Peter Dunn
So, Dame, there is the expectation that checks could be delayed. Last year, the vast majority of taxpayers, 77% of people received a refund last year. But tens of millions of those experienced delays. So let's talk about what to do about this number one, and this is important, listen. Y'all e file. E file. E file. Do not send in paper returns. It will slow it down significantly. You will not get your refund for months. Months, Dame. Also, another note, here is file as soon as you get your W two, like, February 2.
44:36
Damian Dunn
No, I mean, it depends on what your tax return usually consists of. You could be waiting quite a while for 1099. So if you're going to file early, be ready to refile if you get.
44:49
Peter Dunn
No, what I meant to say is file when all your stuff said.
44:53
Damian Dunn
That's not what you said.
44:55
Peter Dunn
It isn't what I said. I feel like I'm talking to Cassie now because she knows what she's talking about, and all of a sudden you know what you're talking about. Did you guys shake hands or something this morning? Did it pass to you?
45:05
Damian Dunn
Maybe?
45:07
Peter Dunn
Yeah. When everything comes in, file, but don't sit on it. Don't get cute. Like, get it in, get in line, because 239,999,999 other people could be in front of you. 240,000,000 calls in six months. When I was a kid, I used to listen to a pop music station, 99 and a half Wzp. I don't know if I'm supposed to say those call letters on the call the stations, we're on, the show is over. My 13 year run is over. I'm staying in another station's call sign. I used to listen to the Hot Nine at nine, and what you would do is you would call up at the end of Hot Nine at nine and say what the top nine were, and you'd win, like, tickets to go see, like, David Sandborn. I don't know. I don't know what you'd see or what you'd win. You'd win, like, a tube top and some sweat bands.
45:59
Peter Dunn
I don't know. But here's what I know. I used to call a lot, and at times it felt like I dialed 240,000,000 times to get through and to win. A I never won. B, I probably dialed, like, six times. Dials is a lot of dials.
46:17
Damian Dunn
What was your first time in a professional radio studio?
46:23
Peter Dunn
I haven't had it yet. No. You know, that's a great question. Story time.
46:31
Damian Dunn
Can you tell it quick?
46:32
Peter Dunn
Yeah, I was a child actor. I don't know if you knew this.
46:35
Damian Dunn
I think you've bragged about it before you asked.
46:38
Peter Dunn
And I think I did, like, a radio interview about a play I was doing in fourth or fifth grade. And I think I went to, like, NPR or something, and it was like, this play is about the human experience or something like that. Right. So I think that was the first time. Why do you ask?
46:54
Damian Dunn
Did they call you Tubby Tim on the radio?
46:58
Peter Dunn
That cuts a little deep. It cuts a little deep.
47:01
Damian Dunn
I was just curious.
47:02
Peter Dunn
Yeah. When's the first time you were in a radio studio?
47:05
Damian Dunn
Probably would have been third grade ish somewhere on there.
47:10
Peter Dunn
Third grade, you, Mrs. Planner, was in a radio commercial for a nursing home when she was a little kid with her dad. It was like, Sarah, what do you think your grandma would like for Christmas? And she goes, she would like a visit from me and my brother. And, like, the tape troll cue. Anyway, coming up after the break, biggest waste of money of the week in the news right here on this financial show. I'm Pete the planner. Caffeine it's what's for breakfast.
47:36
Damian Dunn
Wonderful drug.
47:37
Peter Dunn
It is weird what it does to you. My knee is shaking.
47:42
Damian Dunn
Do you think you have a I hate saying the word out loud addiction?
47:48
Peter Dunn
I don't, actually. No, I really don't. My caffeine consumption is normal. I mean, it's fine. I probably have a cup or two cups of coffee a day.
48:01
Damian Dunn
You quit anytime you want.
48:03
Peter Dunn
No. Okay. So I am doing dry January, and it's so far, so good. Don't ask me next week. What would you call a caffeine free January? Sleepy January or I don't know. Yeah. Chris, thanks for the kind words she says. Love the new scroll. Appreciate the positivity. Well, we're all in this together. We had a fun team building thing this week. Dane went around on our Wednesday stand up, and we just talked about, like, what are people into right now that's incredibly meaningless and pointless, but is bringing us great joy. And we're attaching ourselves to that joy and just writing it because we used to talk about guilty pleasures. Or you'd feel bad that you found interest in this hobby or that hobby. What I've learned in the last two years, find joy where you can find it. If I want to watch Indian head massage videos on YouTube for 40 minutes, I'll be at a strange hobby.
49:04
Peter Dunn
I don't feel bad about that.
49:05
Damian Dunn
When you watch those, do you feel like can you imagine fingers on your head when you're watching somebody get a head massage?
49:12
Peter Dunn
I usually massaging my own. Here's the issue. I think we've talked about this, these Indian head massages, which sounds like a euphemism for something, but it's not. I mean, they're literally an Indian man massaging a person's head. The main component is this really strong fragranced oil. And so they'll put I'm not kidding, like two liquid cups, if not more, in a person's hair. And then they just and it's messy, so they have to, like, cover you, like, in visqueen. And, like, Dexter has you in his kill shed and you rub your head. And so I watch it and I get sad because I don't have hair. And I think a big part of it is having the oil go in your hair. Otherwise, it's just an oily head. And I'm like, I got that, bro.
49:56
Damian Dunn
Have I told you how much the worst part about having hairlines as ours is not being able to I don't.
50:04
Peter Dunn
Think you have to tell me, but go ahead. What is it?
50:06
Damian Dunn
Not getting haircuts.
50:07
Peter Dunn
That's the worst part. Oh, you like a haircut?
50:09
Damian Dunn
I love getting haircuts. Loved it.
50:13
Peter Dunn
Why don't you come to my bathroom every Sunday night? What's happening? That's what I do. I shave my head every Sunday night.
50:22
Damian Dunn
I'm a little bit more frequent than that. You use a razor now?
50:25
Peter Dunn
No, I don't use a razor. I just go with a zero guard. I don't. Okay, back to the show. Are you ready for Bomb and whatnot? I got to move on.
50:33
Damian Dunn
Yeah, you got many things to do.
50:35
Peter Dunn
Today, and many things much more important than everyone here. All right, in three, two, one. This week's biggest waste of money of the week right here on the Pizza Planner show is d***. You know, every week here on the Pizza Planner show, we have a biggest waste of money. It's an item that I find to be wasteful, and then I tell people about it. It is the globetrotter times, disney mickey mouse carry on trolley. Can I have a point of order here, sir?
51:03
Damian Dunn
Yes.
51:05
Peter Dunn
When it says, like, a brand and then X another brand, how do you say that? Do you say x. Do you say times?
51:14
Damian Dunn
Which is the complete wrong word to put an ampersand. Yeah, but it's just kids these days.
51:22
Peter Dunn
Globetrotter gives a nod to the House of Mouse. Here's the issue with this copy, which, by the way, House of Mouse is that's awesome. There's no E on Mouse, and I don't think it's misspelled, but there's an E on House.
51:36
Damian Dunn
So it's house of mouse mo u s. Yeah.
51:40
Peter Dunn
With its Disney collaboration, the black on black Centenary Trolley features a contrasting white sketch of Mickey on its exterior. On the inside, additional sketches of the iconic character are on the lining, along with straps to hold an item in place. The case is finished with chrome hardware and one red leather corner. An ideal carry on. It's sized right for long weekends or short business trips. Dame. How much does a globetrotter and Disney Mickey Mouse carry on trolley from the house of Mouse cost a brother?
52:16
Damian Dunn
First of all, that red corner, is that the same red that Mickey's pants usually are? Is that the connection they're trying to make there?
52:25
Peter Dunn
I believe so. I would also note that show pilot jeremy notes in the live chat that those handles will not last loading into the cargo pit on the belt loaders. It's important to know news you can use. News you can use our show pilot and you're thinking, oh, the company has a private jet that Jeremy pilots. No, Jeremy just happens to be a pilot and he's a fret dame. What do you think?
52:51
Damian Dunn
$579, man, you're guessing is bad.
52:55
Peter Dunn
Today you went with 4.25 million on 240,000,000 calls to the IRS in six months. This is $2,430 for a carry on sketch of Mickey on back on a suitcase that's going to get ruined, according to our pilot.
53:15
Damian Dunn
Who are you going to trust? Him or him or some copy?
53:17
Peter Dunn
What's in the news this week?
53:20
Damian Dunn
Well, continuing with some news you can use, starting Saturday, private health insurers were going to be required to cover up to eight home COVID-19 tests per month for people on their plans. The Biden administration announced the change Monday as it looks to lower costs and make testing for the virus more convenient. Amid rising frustrations under the new policy, first detailed to the Associated Press, americans will be able to either purchase home testing kits for free under their insurance or submit receipts for the tests for reimbursement up to the monthly person limit. A family of four, for instance. I'll do the math. You could get 32 tests per month. PCR tests and rapid tests ordered by ordered or administered by a health provider will continue to be fully covered by.
54:03
Peter Dunn
Insurance with no limit in relation to this. I had a hot take coming into today's show that I decided to extinguish. So I was going to come to the show and make the biggest waste of money of the week, the fact that the government is sending out masks to everyone under the idea that everyone already has masks and anyone who isn't going to wear a mask doesn't really care and it's a waste. But then I actually read the article which said they're sending the equivalent of N 95 or K N, whoever who wants them, and there's going to be a website, because that always goes well, to request those things. So I don't like to be cynical about the complexity of government programs. I really don't like to be cynical. I think too often we're like, well, it's dumb. It's like, well, it's a little bit more complex than dumb.
54:50
Peter Dunn
So that's why I chose not to make that the biggest waste of money of the week. But I would note if they're making all of these masks and making all of these kits and people don't use them, then that would be wasteful.
55:03
Damian Dunn
I think that's a very reasonable conclusion to come to.
55:10
Peter Dunn
We wear masks quite a bit. Totally. I prefer people do, but it's a choice, right? So if there are N be had for free, given it's the best mask, I think we would probably likely order those to have more N 95s if they were paper mask or some cloth that had like the American flag or something. Not that I'm not a patriot, but I wouldn't order that because I have a bunch of those already. Would you order masks from the government if they were in 95 if that.
55:41
Damian Dunn
Was the only source of them? Probably, but I'm not going to take masks away from somebody who may not otherwise be able to afford them. I'll go find my own and pay for them.
55:51
Peter Dunn
Jeez. Wow, I really feel bad now. Can I ask a question that I'm just interested in? That's not nearly as critical as it's about to sound. It's not about you by the way. We do that enough. Do you think they'll be made in China?
56:06
Damian Dunn
High likelihood.
56:08
Peter Dunn
Okay, that's not critical. You know what I mean? That's a thing.
56:13
Damian Dunn
Yeah.
56:15
Peter Dunn
Dame, what else is in the news?
56:16
Damian Dunn
16 major US. Universities, including Yale, Georgetown and Northwestern are being sued for alleged antitrust violations because of the way they work together to determine financial aid awards for students, according to the lawsuit filed in Illinois federal court late Sunday by law firms representing five former students who attended some of the schools. The universities engaged in price fixing and unfairly limited aid by using a shared methodology to calculate applicants financial need. Schools are allowed under federal law to collaborate on their formulas, but only if they don't consider applicants financial need in admissions decisions. The suit alleges these schools do weigh candidates ability to pay in certain circumstances and therefore shouldn't be eligible for antitrust exemption. The suit seeks damages and a permanent end to the school's collaboration in calculating financial need and awarding aid.
57:14
Peter Dunn
You know, we have a ton of friends in higher ed clients in higher ed. I think highly of higher ed.
57:23
Damian Dunn
The highest.
57:25
Peter Dunn
There does sometimes seem to be like a separate set of rules culturally around higher ed, though.
57:32
Damian Dunn
Yeah.
57:33
Peter Dunn
You know what I mean?
57:34
Damian Dunn
Yeah.
57:36
Peter Dunn
Again, not everything's cut and dry. Not everything's like obviously there's probably good reasons for that in some capacity. I'm not going to assign it to terrible, I'm just going to say there does seem to be like this get out of jail free card when it comes to the value of a college education and what people have to pay for it. Yeah. You have a final story for us that will not have me say something I don't want to say.
58:05
Damian Dunn
Feeling financially healthy means pulling down a six figure salary. According to a survey by Personal Capital and a Harris poll, the average amount American adults say they need to earn to feel good sorry, in good financial shape was I saw it. That's far from the median US household income in 2020 of 67,005.
58:28
Peter Dunn
Twice.
58:29
Damian Dunn
Yeah. Double it. Survey of more than 2000 people found Americans with a dwindling sense of financial confidence that's quote dwindling sense of financial confidence in 2020. One's final quarter, 34% of respondents said they felt financially healthy compared with 48% in early 2021.
58:48
Peter Dunn
I have to think I have to that it's regional. It's geographic of how you answer that because $128,000 in the corn belt buys you a lot of maize. $128,000 in the concrete jungle doesn't buy you much.
59:07
Damian Dunn
Yeah, I think the sample would dictate this tremendously. And if they were coastal, then 128,000 is probably, dare I say, reasonable. But it was like you said, regional. If you're in the middle America, 128,000 is going to seem like a king's ransom to some families.
59:26
Peter Dunn
It's loaded. Question of the week time now here on the pizza Planner show. Dame loaded. Question of the week. Are you ready?
59:33
Damian Dunn
Sure.
59:34
Peter Dunn
How much longer will we have inflationary challenges at the pace of which we currently have them? Go? You're going to have pick yourself up off the floor to answer this.
59:46
Damian Dunn
I will say we will experience inflationary challenges through the end of this year.
59:52
Peter Dunn
Okay. To the same tune. So nearly 10% potentially. Wow. Yeah. I was originally thinking we'd be through with it in the second quarter. I don't know. I feel like we're going to know. You know what my famous phrase around these parts is? We'll know more in a few weeks, Dame. That's all that we have time for this week. So I'm sending you good vibes because good vibes. Are all this in the budget? I'm Pete the planner. Pete the Planner show. I always am like, you know what, guys? We're going to know more here in a couple of weeks. Then we get a couple of weeks out. I'm like, okay, we know some up, but we are going to know more in a couple of weeks.
01:00:29
Damian Dunn
You made my eye twitch with that question.
01:00:32
Peter Dunn
Yeah, I'm sorry, Dam. I do have to go. Seriously. And I'm sorry. Hey, everybody. Sort of a fun show. Maybe I mean, probably unlistenable. So sorry about that.
01:00:44
Damian Dunn
If it's unlistenable, it's because your tech is struggling.
01:00:50
Peter Dunn
Am I blipping out audio?
01:00:53
Damian Dunn
Audio. Sometimes.
01:00:54
Peter Dunn
That's fun. Enjoy that. Listen, y'all, we'll get it fixed, maybe. All right. Hey, stay getting money.
