EP 96: Maximize Your Retirement: The 2024 Guide to Deductible IRA Contributions
The X's and O's
The Retirement Plan Playbook podcast, hosted by Brent Pasqua, Matthew Theal, and Joshua Winterswyk of Evermont Wealth, explores investment strategies, retirement planning, and current events. They aim to equip listeners with insights to build a robust retirement playbook that can adapt to any political or economic climate.
This episode discusses the stock market, interest rates, inflation in relation to the Federal Reserve's decisions, and the influence of tech companies Nvidia and Super Microcomputer on the stock market. They also touch upon a major acquisition by Capital One and delve into the complexities of making deductible IRA contributions.
00:36 Hosts' Casual Conversation and Personal Stories
03:08 Deep Dive into the CPI and Inflation
05:32 Nvidia's Earnings and Impact on the Market
09:03 Super Microcomputer: A New Player in the Market
11:41 Capital One's Acquisition of Discover Card
14:15 Jeff Bezos Selling Amazon Stock: An Analysis
17:33 Understanding IRA Contributions
18:54 The Impact of Roth IRA Contributions on IRA Eligibility
19:37 The Potential of Splitting IRA and Roth Contributions
23:59 Understanding the IRA Contribution Eligibility for Married Couples
27:06 Evermont Recommends: TV Shows and MLS Season
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Transcript
Intro: Welcome to the Retirement Plan Playbook hosted by Brent Pasqua, Matthew Theal, and Joshua Winterswyk of Evermont Wealth. This podcast dives deep into investment strategies, retirement planning, and current events, equipping you with the insights needed to craft a robust retirement playbook adaptable to any political or economic climate.
Intro: Join Brent, Matthew, and Joshua as they guide you through the complexities of retirement planning, offering expert advice.
Intro: It's time to build your optimal retirement playbook. Now let's dive into today's episode.
Matthew: Welcome to the retirement plan playbook. I'm Matthew Theal here with Joshua Winterswyk. We're both certified financial planners with Evermont Wealth, and it's just the two of us today. Unfortunately, Brent is out and Josh, it's our show. How are you doing today?
Joshua: Excited. A little nervous. Just the
Matthew: two of us.
Matthew: Me too. Like, I feel like my intro already, we should already just redo it. You know, we've got to, we've got to edit it. I normally don't do the
Joshua: intro. I know. I know. But you did a good job. Great
Matthew: job. It was a little, it was a little poor, but hopefully people are still listening.
Joshua: Yeah, no, it was good. I definitely wanted to get started though with asking you a question, cause this is a topic you like to talk about, but it seems lik the days are getting a little longer.
Joshua: So I had to look up. When the time's changing for daylight savings, that's coming up. I'm so
Matthew: excited. We were driving home the other day. It was me and my daughter and my son. My son can't talk because he's only 10 months, but So she was asking me, you know, dad, why is the sun still up? And I, you know, I had to explain to her that the, the days are getting a little bit longer and the sun staying up and pretty soon the time's going to change.
Matthew: And like her and I were both excited about that because like from her angle, you know, she's three years old. She gets home at night after we pick her up from her daycare and it's dark. She can't play outside, but it's only like six o'clock. She still has energy to burn. But now in the summer months we're going to be able to play outside till like seven o'clock.
Matthew: Then she'll take a bath and it's more normal. Like, I, I truly don't understand why they changed the time in the winter.
Joshua: Farmers, man. Farmers. I, I actually think, you know, I didn't care as much. This is always like a, a big topic with you about the daylight savings, but you're right with kids. Now that I have, you know, my son, it's like, you know, I get home, it's dark outside and you know, it's cold or it's rainy.
Joshua: We have to keep him inside and he has all of this energy to burn. So it's almost like extra work to try to get this energy out by keeping him inside. Cause he wants to be outside.
Matthew: Yeah. And it's even depressing. If the sun was staying up to like seven o'clock we record on Fridays.
Matthew: I'd go home and I'd probably fire up the barbecue and make some burgers, but when I get home after work, it's, you know, six o'clock it's pitch dark and freezing. Yeah. So I'm not
Joshua: firing up the barbecue. I know. I agree. I didn't, I, like I said, I didn't care as much before, but now with the family and kids I'm definitely looking forward to daylight savings and it's better for golf.
Joshua: It is twilight rounds for all those golfers out there. There you go.
Matthew: Hot take headlines. Let's get started. All right. I'll, I'll take the first one. Let's discuss the CPI. So for those who don't know the CPI is the inflation reading and that came in a little bit hotter than expected for the month of January came in at 0.
Matthew: 3 percent while economists were forecasting a 0. 2 percent increase, not that big of a change, but overall I think it was big sentiment wise. And what I mean by that is the stock market, the bond market are currently expecting the Federal Reserve to cut interest rates. Because they expect inflation to keep going down, but we've been telling our clients now for a while that the risk is that inflation is actually going to pick up from here and the feds not going to be able to cut those rates.
Joshua: Yeah. I think just from like a consumer standpoint, most people still feel this, right? The conversation is still like, everything's more expensive. It seems like it's still getting more expensive.
Joshua: So the data is in line with, I think what people are feeling, you know, From their month to month budget during
Matthew: my client reviews last year, I felt like I was offending everyone when I pulled up the graph of inflation and I told them inflation was going lower. My clients looked at me like I was offending them every
Joshua: time.
Joshua: Yeah. Cause they could feel it. Right. It's growing at a slower rate, but they're still filling it in their pocket. So it doesn't make them feel any better.
Matthew: And basically what, what the economists and the wall street people, what they talk about is like the annual change. They're not talking about the cumulative change, correct?
Matthew: So inflation's up what, like 45 percent or something in the last four years. Yep. That's why prices are so high.
Joshua: It's just, you know, kind of what's been the case where this inflation keeps lingering, right? Right. The expectation we want rates to come down, we want inflation to come down, but it's lingering and it's just taking a long time.
Joshua: Last day to print is kind of still on that same theme. Yeah. So what
Matthew: happened after this print though, which was really interesting was the stock market started to drop and the bond market started to go higher. I mean, interest rates are going higher. So bond prices were coming in I really think the stock market was getting set up to start kind of that late February, early March sell off that has that kind of presidential election seasonality factor.
Matthew: And we've been predicting this, right? You've been telling your clients this I've been telling my clients that, Hey, we expect the market to kind of come in the spring. However, I think the stock market might've been saved by one single company.
Matthew: Talk to us about Nvida earnings
Joshua: Yeah, that's a pretty strong take, but if you've been watching any financial news, NVIDIA is just been skyrocketing. They reported earnings fourth quarter fiscal, 2024 revenue reached a record 22 billion, a 22 percent increase from the previous quarter and a 265 percent increase year over year. I mean, just amazing.
Joshua: How this company continues to grow. And I feel like after every earnings call, it's been up and I don't know the exact data, but up over 15, 20 percent after every earnings call. And this was the case again, after this great earnings report this week. Yeah. Well, what's
Matthew: wild to me is I think Nvidia is now the most important stock in the whole market from really probably 2008, 2009 time period.
Matthew: Until 21, 22, it was Apple. Apple is the most important stock. The way they've reported earnings kind of took the stock market with it. Now it's Nvidia. NVIDIA earnings day for, for people like us who follow the market felt like the Super Bowl. You know, everybody was talking about it. I think CNBC had a countdown clock going there.
Joshua: This is the most important company. Yeah, I think you're right. I mean, I just remember even, you know, six, seven years ago it was like we'd watched Apple demos. We'd be listening to the. Earnings call or waiting for the earnings to be reported. Cause like the expectation is if they're doing good, we're doing good.
Joshua: Right. And I think you're really right with Nvidia. It's all over Twitter. It's what people are talking about. And I feel like, you know, the public's kind of.
Joshua: So definitely probably a nominee for stock of the year, last year and this year and maybe for the future. Yeah,
Matthew: absolutely. And so the CEO, Jensen Wang I'm going to pull a quote that he said. He said, accelerate computing in general AI of the tipping point. Demand is surging worldwide across companies, industries, and nations.
Matthew: And I think basically what he's saying is this is kind of like, to me, I read it like when everybody started buying iPhones and everybody's buying these chips from Nvidia to build out AI programs. Is that correct?
Joshua: The smartphone craze, but now this is kind of the super computer AI. Cryptocurrency you kind of group all of these things in one because I kind of felt like the video was more around like gaming chips and then they you know, then they went into kind of the Tesla and They were using them there and it was kind of specific but now you could see just the use of computers We talked about Apple vision Pro like all of these advancements in technology and they're benefiting from that And so, you know, good for them, good for the stock, good for if you own it.
Joshua: We're very positive talking about NVIDIA, but it sounds like Microsoft and some of these bigger players are actually trying to, you know, generate their own chips. And so that could be the threat to NVIDIA in my opinion.
Matthew: Yeah, it could be. That could be a long term threat to them, and that's what Apple ended up doing.
Matthew: With the iPhone, they, they originally were using other people's chips, and then they started creating their own. So I could absolutely see that happening, especially with how much Nvidia stock has gone up in the last year, right? People are going to want to take market share,
Joshua: but absolutely great. I mean, wow.
Joshua: Nvidia, you continued to army.
Matthew: So yeah, same here. Well, things are getting a little bit frothy in a Island. We've, we've obviously just talked about Nvidia going up. Have you heard a super microcomputer?
Joshua: No, not before a couple of weeks ago, I did not hear about super microcomputer. So super
Matthew: microcomputer was this kind of mid cap chip company that has server and cloud technology that is used in AI software.
Matthew: And it was a company with a market cap, you know, around a couple of billion dollars a few years ago. And now it's at a 50 billion market cap. The stock went from about a hundred dollars a share to over a thousand dollars a share in less than a year. So it was a 10
Joshua: XR. We've seen this before.
Matthew: We might have.
Matthew: Yeah. And just this year. The stock is up 243% in price terms, it went from 300 a share to over 1, 000 a share in a year, this year, in two months. And what people are comparing this to is
Joshua: GameStop. Yes, I've seen that a lot. This is a Wall Street Bets
Matthew: movement here. Yeah, yeah. This is like the Wall Street Bets thing, except this is actually a company that's, that's like making money on part of the AI revolution.
Matthew: What do you
Joshua: think? Take care. I think it's different. Yeah. I mean, this company, you know, you seen what they're actually, their mission behind the company is it's involving all kinds of aspects of artificial intelligence and AI. We see how well that industry is doing. So this is complete. My take is it's completely different than the GameStop.
Joshua: I think that it could be an indication though that we might be a little bit You know, too optimistic on this industry with that amount of growth that's happened. But again, it were, I'm not comparing it to a wall street bet. Yeah,
Matthew: it is, it is frothy. But you know, I'll say their, their quarterly revenue grew over a hundred percent.
Matthew: So
Joshua: yeah, I mean, it's justified. The growth is there a little bit. It pulled back though, right? It's not out of a thousand anymore.
Matthew: No. Yeah. It's a, it's actually been a wild ride the last few weeks. Jumping pretty much 10 percent a day between, you know, a thousand dollars a share and 800 a share. I think there was one day it was down like 20%.
Matthew: I
Joshua: actually haven't heard anyone they'll be like, hi, I own super microcomputer.
Matthew: So I went on wall street bets because I wanted to see what. How much buzz it was getting. It was getting some buzz, but actually NVIDIA gets a lot more buzz. They're doing the whole YOLO call thing on NVIDIA.
Joshua: Hire beware.
Matthew: Yeah, yeah, absolutely. All right. So I heard that capital one is buying discover. Card, it's a thirty five point three billion dollar all stock deal Seems like a pretty big acquisition and two well known Consumer financial brands. What do you think about this? You know
Joshua: what? Capital one doesn't have its own payment network.
Joshua: So payment network meaning you know, like Visa and MasterCard have their own payment network. So this is a big move for them because Discover does. So they're buying Discover's payment network. So, you know, again, makes them even bigger. I think there's pros and cons to that though, you know, with them becoming bigger and a bigger player in this space does it.
Joshua: Create more competitions to drive prices lower for consumers as far as, you know, lending credit cards, all of that stuff, or does it give them the capability to raise rates on even current customers or new new customers to the platform? You know, I think that jury's still out on what's to come. I think Elizabeth Warren's already on.
Joshua: And so I think that also, you know, although they've agreed to this deal, I think that it will probably take a while to be finalized because it seems like you know, just politically, this is getting a lot of attention in this industry, which it normally does with financial acquisitions. Yeah,
Matthew: it's probably good for consumers long run.
Matthew: I mean, it puts capital one is the sixth largest bank, but in the U S by
Joshua: assets. I think on the lending side too, they like jump JP Morgan chase. Oh wow. Not on the banking side, but on the lending side with this amount of or with this acquisition. But yeah, you know, I think that if they can make their products better and kind of give another option to Visa, MasterCard and kind of the bigger players, hopefully it turns out well for consumers.
Matthew: And does Capital One have like a high yield banking option? Do you know, are you familiar with their products? Yeah,
Joshua: they do. So I, I believe Capital One used to be, it was ING and then it was Orange. And then Capital One, I think, you know, bought them. So they do have a, a banking tree to their platform and they do have a high yield savings.
Joshua: So again, you know, I'm all for Like more and better products for the consumer. So this gives them, you know, kind of even more leverage in that space. So hopefully, you know, it's good for anyone using their platform and they come out with some new products, better products or cheaper products for consumers.
Matthew: Yeah, I hope, I hope so too. And I do think from a stock standpoint, I know Visa and MasterCard both kind of sold off on this.
Joshua: Mm-Hmm, . So, and after, after a period where they were doing pretty well, I mean, obviously it's a very profitable space, so,
Matthew: yeah. So have you been getting any questions from your clients about Jeff Bezos selling stock recently?
Joshua: I haven't, no. Not yet. At least.
I've
Matthew: gotten a few questions and I've seen a lot of posts on social media. The, you know, Instagram Reddit, X, which is Twitter. I always feels funny saying that, but so the reason why people are concerned about this, Jeff Bezos, the CEO of, of Amazon has been selling stock in the open market and not just like a little bit of stock.
Matthew: I think in total, he's sold 8. 5 billion of Amazon
Joshua: stock. This was like in 20, it was 2021. We saw a lot of these, you know, business owners starting to sell stock and it was, you know, somewhat concerning and eyeopening. And I feel like. This story has that same feeling. It does. Yeah.
Matthew: So the, what you're referring to is like right around the same time.
Matthew: I think it was like November, December, 2021, Jeff Bezos, Elon Musk, and Mark Zuckerberg, all were selling stock in their company. And it turned out that was the exact top of the market. So they timed it pretty well. You know, you can make the argument that of course these guys know when the economy or the market's going to tank, they run, you know.
Matthew: Five of the three of the largest companies in the US Yeah, 20% of it. . Yeah. Right. Like their companies make up like, like you were saying, probably 20% of the s and p 500. But so looking at these actual sales from Jeff Bezos it's part of a share sell program So these were pre planned sales that he planned out a long time ago For him to get liquidity from his Amazon stock and when you think about it It makes total sense because the majority of his net worth is actually tied to Amazon stock So why wouldn't he want to sell some shares?
Matthew: He gets this approved by the board They say, okay, you could sell the shares. So it's not like he's been going, I think the market's going to crash. I'm going to dump my stock. What he's doing is actually diversifying out his portfolio.
Joshua: And there's probably some tax strategy behind that as well.
Matthew: Yeah, absolutely.
Matthew: I would imagine some tax
Joshua: strategy there too. What I take from this though, is like it, like it is a good lesson, even for, you know, just the. planning DIY are out there. This is all strategically planned, right? The cells are planned. He needs liquidity. This is what's going to happen in retirement for most individuals, right?
Joshua: You're going to get to a point whether you have a small business, you have a portfolio that's invested, you only have real estate as well. Well, like the client who has their primary residence and five rental properties will eventually you're going to need flexibility and liquidity. And you know, here, there's a lesson here.
Joshua: Even Jeff Bezos have has planned sales to create that flexibility and liquidity. So, I think it's a good lesson here from Jeff himself that he's planning out this liquidation event because he also probably needs money. This seems like his lifestyle is pretty expensive now with his new girlfriend.
Joshua: Yeah, they're always in
Matthew: the tablets. Yeah. So we're not concerned about this. All right, let's dive into the retirement plan corner. Today we have a pretty general topic. It's not going to be as kind of close to retirement heavy as usual, but it's one that comes up around this time in tax season. So here we are.
Matthew: Turning, turning the page on February and about to enter March and it's tax season. And the number one question we get around tax season from people is, Hey, I want to make an IRA contribution. Can I?
Joshua: And an IRA is an individual retirement account, right? And it's
Matthew: actually a pretty tricky question to answer.
Matthew: And most people think, and especially actually tax preparers, I feel like tax preparers get this wrong a lot that almost anybody can make an IRA contribution, but it's actually, that's actually false. It's false. That's correct. And there's kind of a workaround. So I'll get us started. We have a flow chart that we're going to go through today with some
Joshua: questions.
Joshua: And I think that it's important because, you know, with a lot of more information out there around finance and retirement planning and tax savings, I feel like there's a lot of people that say, Go fund your IRA, right? Even on Instagram and Facebook or go fund your Roth IRA. But there's actually things that you have to make sure you qualify for to be able to actually fund an IRA.
Joshua: So I'm glad we're covering this today.
Matthew: Let me too. Okay. So I'll. Get us kicked off. First of all, you and your spouse after her have earned income. Josh, what's earned income.
Joshua: So these are your wages, right? You have to be working, whether that's going to be W2, 1099, even freelance work. You own a small business, but you have to earn money to be able to put into an
Matthew: IRA.
Matthew: So if you don't have documented wages, you cannot contribute to an IRA. So now let's move on. Our next question is, did you make a contribution to a Roth IRA? If yes, then you're not eligible for an IRA contribution. But it gets a little bit tricky from there. You actually might be able to be eligible for a partial contribution depending on how much you put
Joshua: in your Roth.
Joshua: Yeah, because the, the limits of how much you can put into, let's just call it Roth or IRA are the same. So you can't. So you're, you're looking at aggregation rules between Roth and IRA. So if you did max out a Roth IRA, just kind of for some more simple example, you can't also fund a Roth and vice versa.
Joshua: So if you max out a Roth, you can't also contribute to an
Matthew: IRA. You know, it's interesting that I don't see a lot of accountants recommending to clients to actually split their IRA to Roth contribution.
Joshua: Yeah. You know, we, we do that a lot more with 401k. You know, if you have a 401k option and we talk about IRA, pre tax money, and then also Roth and splitting it right to creating two buckets, but you're right.
Joshua: We don't really, and I personally haven't got a lot of CPAs recommending doing partials
Matthew: as well. Could be a good strategy to explore. Okay. So let's move on. So if you did a full Roth, unfortunately you can't do IRA but if you did do a Roth, great news. You might be eligible for this IRA contribution.
Matthew: And you could contribute up to 7, 000 if you're under the age 50, if you're over the age 50, it's 8, 000. And that's for 2024.
Joshua: Yeah. And that increase is called a catch up. So it's a thousand dollar increase. If you're over 50 that you can contribute into that IRA.
Matthew: But if you're younger and you're listening to this show and you're saying, Hey, great, I have a job.
Matthew: My grandparents gave me some money. They gave me 10, 000. I'm going to put. 7, 000 of it into an IRA. But if you only made 5, 000, that's actually your max. So your own, your earnings is your max. That's correct. So you have to have made over 7, 000 to do the max contribution. So after that now we need to determine if it's deductible.
Joshua: Right. So what Matt just explained is basically you can contribute to an IRA. But then we're going to get into, is it actually deductible from your income to get the tax savings from contributing into the IRA? And that's going to depend on your filing status. So how you file taxes and how much money you made.
Joshua: So I'll kind of start here. You know, if you're single, so it's different if you are single compared to if you're filing married jointly, but if you are single. And you are an active participant in an employer sponsored plan. Then unfortunately you are not going to be able to get the deduction depending on your income.
Joshua: So, but
Matthew: I have a, let's go for a follow up question. If you're single. And you are an employer sponsored plan. You can contribute to an IRA, but you're not going to be able to actually deduct it from your taxes,
Joshua: right? There's one more level to this. Oh, is there? Okay. Yeah. So if you aren't, let's start with just, if you aren't so meaning, you know, I'm working, I don't have an employer sponsored plan.
Joshua: An example of this is like a 401k, a 457. If you don't have that. Then you can contribute to a deductible IRA. So single, I don't have an employer sponsored plan. I have earned income. I am able to put in to an IRA and receive the deduction, but one more variable to this calculation. If you are participating in an active sponsored retirement plan from your employer and you make over 87, 000, you are not allowed to deduct the IRA contribution.
Joshua: And that income is based off of your modified, adjusted gross income.
Matthew: And then it kind of brackets out from there, right? Yeah. And
Joshua: that's just generally, so it goes down. If you make between 77, 000 and 87, 000, you could do a partial deduction, but then also if you earn less than 77, 000 and you're also an active participant in the employer sponsored plan, then you can contribute into an IRA and receive the deductibility.
Matthew: So we're talking about single people. I'll take married people because I'm sure there's a lot of married listeners who want to know. Yeah.
Joshua: I wanted to just touch on this one more, one more thing though. So give an example of who can actually deduct from an IRA if you're single, if you are part of an employer sponsored plan.
Joshua: So not only do you have to have earned income, you have to make less than 77, 000 to actually be able to deduct the IRA contribution. So just to kind of summarize there, I know it's kind of a lot of steps, but again, you potentially can if you hit all of those criteria.
Matthew: All right. Well, if you thought single was confusing, just wait until we hit married.
Matthew: All right. So if you are married, you filed jointly. First question is, are you an active participant in a report employer sponsored plan? If the answer is yes then the next question is, what is your modified adjusted gross income? AKA Maggie. And if you make 143, 000 or more, you're not allowed to do a deduction.
Matthew: So that's your earnings cap.
Joshua: So it goes up, right? So you have two people in the household and so it's not 87 anymore. They bump it up to 143, which is
Matthew: nice. But I feel like most people who we see, most couples are making more than that combined.
Joshua: Yeah. Especially like in Southern California. I feel like you're right together.
Joshua: They're making over that. So we're already faced out on being able to make a higher contribution.
Matthew: So let's go back to the top then. If you are not an active participant in an employer sponsored retirement plan, then the next question is. Well, what about your spouse? Is your spouse an active participant in an employer sponsored plan?
Matthew: If the answer is no, then you could deduct the full IRA contribution. If the answer is yes, the next question is, well, then what is your modified adjusted gross income? And we even get a wider gap now. And if it's 240, 000 or more. Then no deduction is allowed. And I feel like this is probably more relevant to most people.
Matthew: You know, maybe one spouse is working on and they have a 401k and the other spouse isn't right. That's how this scenario would work
Joshua: out. Yeah. So you're looking to actually fund an IRA for your significant other because they're, they don't have an active. Sponsored plan or employer sponsored plan.
Joshua: So if you fall under that income threshold, you're actually able to fund for the spouse that's actually not contributing through their employer. So again, yeah, I think that this is more common for us that we see and I, I feel like a lot of people don't know this rule that you can contribute even for a spouse that's not working.
Joshua: If you fall within these guidelines as long as one of this, you know, one person in the household is earning money. Right, right.
Matthew: And it's like, so to summarize pretty much if you have earned income, you can make an IRA contribution. The big, the big question is, is it going to be deductible
Joshua: or not?
Joshua: Yeah. And deductible meaning it's coming off of your income, effectively saving you in taxes.
Matthew: Exactly. Anything
Joshua: else to add? No, I think that, you know, This is pretty helpful. I feel like for a lot of people, we get this question a lot especially around this, this time, if I can contribute. And it's also good, like, if you are contributing on a monthly basis, or you have kind of a schedule to contribute to make sure if your income's changed.
Joshua: To see if you're actually still qualifying. Right. So, you know, we have people that are putting into IRAs or Roth IRAs on a monthly basis. If your income's changed, you might not qualify anymore, especially if you have an active employee. Yeah,
Matthew: or you know, maybe you've even just retired and you forgot.
Matthew: Right. And you left those contributions going could get a penalty. Okay, let's close that out and move on to our favorite section where we give some recommends here. Evermont recommends, we'll call it. I'll go first. Sounds good. You ever watch Narcos?
Joshua: I did. I love that show. That, that show, me and my wife both really enjoyed.
Joshua: From the very first season to the last. And I'm sad that they haven't continued it. Yeah,
Matthew: it's I think it's over. I don't know if it's coming back, but it was great. And I, I think they, their time clock just caught too close up to where real time is. Right. Cause they were kind of getting into I forgot what the famous Mexican drug Lord is.
Matthew: El Chapo, El Chapo. Yeah. They were basically getting into where he starts to take over. And you know, I think probably rightfully so they ended the show. Well, they just
Joshua: need to like take a few years off and then do the El Chapo series. Yeah. That, that
Matthew: would be great. But anyway, so there's a new show on Netflix.
Matthew: It's kind of similar to Narcos Griselda. About Griselda Blanco
Joshua: Sofia
Matthew: Vergara's in it. Yeah, she is. This show is excellent. Have you been watching it?
Joshua: So few people recommended this to me what you being one of them my actual my parents told me to watch the show, too I started it. I think we're on episode three, but we've really enjoyed it very similar to not narcos I don't I don't feel it's as good.
Joshua: It's not a knock on it. But I think narcos is just really really good But this has been really entertaining. I've really liked it. Yeah,
Matthew: like if you miss narcos You're like this show, but if you watch this show before watching Narcos, I don't think you're going
Joshua: to like it. I actually see, you know, and I was talking to my sister in law last night and she was saying, I haven't watched Narcos, but I watched Griselda and I've, I've loved it.
Joshua: And I was like, well, then you have to go watch Narcos. If you loved it. I was like, it's just, it's almost even better, but it's really good. It has us hooked. We've been like kind of jamming through it during our TV watching, watching sessions. Well done show. What do you got for me? Oh MLS season started.
Joshua: So this is my recommends if you haven't really tuned in to major league soccer or soccer in America season starting Matt and I are big LA FC fans. And so, yeah. Tune in, you know, get to a game. We have two teams in LA if you're in the Southern California area. And then also, you know, a lot of people don't know that it's on Apple TV.
Joshua: It is. Yeah.
Matthew: So you could stream it on Apple. I think the package is like 75, which is pretty good for a major sports league package and you can watch every
Joshua: game. It's not expensive, but the coverage is pretty good on Apple. I thought for, you know, kind of being new to covering sports, I've enjoyed it. Their platforms real nice.
Joshua: But yeah, soccer's growing and we have the world cup coming up in a few years. Major league soccer's back. So all the football's over. I know we talk about football a lot on this podcast too, but our my favorite sports coming back to America, MLS is starting. I'm excited. Yeah. Let's go
Matthew: LAFC and then Messi.
Matthew: Messi's here too, right? So we could watch Messi.
Joshua: Yeah. I just saw a poll. He's now America's favorite athlete. Really? That's what I heard. Huh? Soccer's taking over. Wow.
Matthew: Over Travis Kelsey?
Joshua: Taylor Swift. The couple. Taylor Swift's boyfriend? Yeah. No, I'm, I'm excited. So tune in. Me too.
Matthew: All right. Well, thank you for listening to today's show.
Matthew: As advisors, our passion lies in assisting others. That's the reason we've chosen our profession. For those interested in arranging a meeting with any of our team members, please visit evermont. com to book a complimentary consultation. Additionally, we invite you to download our ebook from our website offering insights and guidance.
Matthew: It's called the retirement plan playbook. To access today's show notes and more head to the retirement plan, playbook. com. Thank you for tuning into the retirement plan play playbook. Have a
Joshua: great day. Thank you.
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