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The Host:
Kevin Kroskey – About – Contact
Intro:
Hey, there. Welcome to another edition of Retire Smarter. I’m Walter Storholt, back with Kevin Kroskey today, President and Wealth Advisor at True Wealth Design, serving you all throughout the country, but based in Northeast Ohio and presence in Southwest Florida, in the greater Pittsburgh area as well. We’re online at truewealthdesign.com. Kevin, it is great to be with you today, my friend. What’s going on in your world?
Kevin Kroskey:
Walt, I’m actually a little sad this morning.
Walter Storholt:
Oh, no.
Kevin Kroskey:
I sold my tractor over the weekend, Walt.
Walter Storholt:
Your tractor. Oh, no.
Kevin Kroskey:
I feel like we’re starting into the beginnings of a country song here, but let me explain.
Walter Storholt:
Sold my tractor.
Kevin Kroskey:
So we have two children, and kids have bikes and scooters, and a whole bunch of stuff. I know I’m going to have the world’s smallest violin playing here for me, but our garage has gotten a lot smaller.
Walter Storholt:
Oh, no. Poor Kevin.
Kevin Kroskey:
I was doing a lot of yard work. Not a lot, I was doing a little yard work, which I enjoy doing. When I bought the tractor 10 years ago, I enjoyed mowing the lawn and those sorts of things or something, some sort of solitude that I would experience. I called it tractor time and out there. As life got busier and business grew, I mean, I haven’t mowed the lawn for years. So it really just became a sort of a fun wagon, if you will, where I put the dump cart on all the kids around, how the dogs chase us.
Walter Storholt:
I like fun wagon. I like that.
Kevin Kroskey:
It was more of that. Ultimately, we graduated at the trailer park that we go to having a golf cart. So that’s supplanted the fun tractor. So long story short needed some work. I got a ridiculous quote. I said, “I’m not putting the money into it. I’m going to see if we can sell it.” Found a nice family, and a gentleman came up with his grandson and the grandson was over the moon to help the grandfather ride the tractor and mow the lawn and do some work.
Kevin Kroskey:
We sold it to them, and we’re very happy that we did. But there was a little piece of me that was a little sad. So I guess that’s the big news if there is such a thing as big news for selling your tractor in the Kroskey world.
Walter Storholt:
We sold our tractor as well, Kevin. We are moving to Colorado. So a little bit of news from our end of things. Had to do the same thing, Kevin. Sold the tractor. It was not going to, “Well, first of all, our new place in Colorado is not going to have a need for a tractor.” I think you’ve heard of it.
Kevin Kroskey:
Well, you live in the south. Well, at least currently, you live in the south.
Walter Storholt:
Yes.
Kevin Kroskey:
I heard selling a tractor in the south is grounds for expulsion, so it must be true.
Walter Storholt:
Yeah. It must be. I sold it. Now, boom, I’m kicked out to the west side of the country. So luckily sold it to a friend who now has a fleet of tractors, actually. Pretty impressive. He said he’s got one that’s 25 years old. And then he had another one that his brother gave to him that was maybe 15 years old. And now he’s got my slightly newer one. We lined them all up next to each other when I dropped it off to him, and I was like, “Man, you’ve just got a whole fleet. Can you sink these together and run them side by side? You could be done with the lawn in five minutes.”
Kevin Kroskey:
That’s pretty impressive. He must be a popular guy with all those tractors.
Walter Storholt:
It’s good stuff. No doubt about it. He’s got the land for it, so it works out well. Well, I’m sorry about your tractor, but we’ll try and pick up your spirits with a good episode today. How about that?
Kevin Kroskey:
Well, it sounds good. So I don’t know if you can call it a good episode. Unfortunately, we’ve had a story pretty prominent in the news here locally in northeast Ohio, in Akron, specifically about a Ponzi scheme. I’ve had a few conversations, not specifically about this recently, but you’ll have clients that get maybe approached with an investment idea at the country club or through church or just through their circle of friends and ask us to take a look at it. For whatever reason, it seems like I’ve had a few of these recently.
Kevin Kroskey:
Unfortunately, well, maybe we can at least make some lemonade out of these lemons with this apparent local Ponzi scheme and talk through some common types of fraud scams to be on the lookout for, and just maybe how to make sure that we keep our money safe and invest it smartly.
Walter Storholt:
Yeah. Fun episode may not be the best way to describe this one, but important because I feel like even if sometimes we feel very separated from the world of fraud and scams, that feeling like it’s never going to happen to us. I feel like we all probably have a story of it happening to someone that we know at least. I can remember specifically just a couple of years ago, my grandfather actually talking to me about, “Is this real?” He’d gotten some suspicious emails, but it was all related to something that he was a vacation home that they were going to, but then the communications sort of got weird. And so we were able to dissect it and be like, “Yeah, something has been hijacked here, and there’s a scam definitely afoot.”
Walter Storholt:
So it was very nerve-wracking to see them have to go through that and the danger that pose to them. So this is probably something that can be near and dear to everybody’s heart to try and avoid themselves or help a loved one avoid.
Kevin Kroskey:
I mean, we work hard for our dollars. Our clients are pretty humble, Midwestern values, if you will. Work hard, save, blow your means and invest over time. And certainly, you don’t want to lose it and have a life-altering decision or an outcome from being taken advantage of. So while everybody probably thinks, “Hey, this would never happen to me, it’s just something that you read about in the news or what have you.” Yeah, we probably do know some people that it has happened to.
Kevin Kroskey:
Unfortunately, we’ve had some clients that, to my knowledge anyway, were not involved with this but were involved with others in the past and had these investments, if you will. I use that term lightly here when they came to us, or maybe they came to us. I can think of one specifically after they learned that they were a victim of this sort of fraud.
Kevin Kroskey:
So it’s something to be mindful of for sure, and we’ll just dive in. But this is going to be playing out in the courts and in the press and all that jazz over time, but there’s innocent until proven guilty, I suppose, but unfortunately, this is probably going to play out just how everybody’s mind is thinking right now.
Kevin Kroskey:
So I’m just reading a headline here from our local paper, the Akron Beacon Journal, on July 9th, 2022. And the headline is the state accuses former Copley coach of the Ponzi scheme that built investors out of millions. So this gentleman was the Copley High School basketball coach. So he was obviously affiliated with the school. Copley is a town here, or township, I guess, in northeast Ohio.
Kevin Kroskey:
At least the amount that was referenced in the article was somewhere north of $50 million. So quite a bit of money. And the gist here is that it was related to real estate and which is… As we’ll discuss is one of the common themes or one of the vehicles that’s often used in these sorts of frauds. And this is, unfortunately, nothing new. There’s been several just in our area here locally over the years that are quite similar in many instances to this. And one of the first things that people have to be mindful about, if you go to any state securities websites, Ohio Division of Securities, Pennsylvania, Department of Securities, so on and so forth, they’ll all have information about this and investor protections.
Kevin Kroskey:
But this gentleman was at a high school. He was a basketball coach. So he was in the school district. He was in that community. And one of the largest types of fraud or angles that these fraudsters will use is something called affinity fraud. And that may sound a little strange at first, but in this case, this gentleman is a teacher. So a lot of his victims are teachers. So people that he knew from the school, people that he worked with, people that he coached for that matter, and their parents, people within the community.
Walter Storholt:
This is the opposite of you’re getting a call from call centers in India where they don’t know anything about the person they’re scamming. This is you’re scamming people close to you is [inaudible 00:08:36].
Kevin Kroskey:
Close to you. Absolutely. So he’s just using his relationships. He’s using that implicit trust that he has through the schools, through being a member of that community, through being involved in that community, to leverage that trust that he has, whether earned or implicit or whatever the case may be, to go ahead and lower guards of the people that are coming in and he’s soliciting money for.
Kevin Kroskey:
Bernie Madoff is one of the largest ones. I’m sure everybody remembers that one. He was a prominent member of the Jewish community and built many members of the Jewish community. So whether it’s any type of community affiliation, often it’s religion, often it is some sort of group in this case like the teachers or what have you, but something where, “Hey, he or she…” And it’s usually a he. It’s usually not a she. “He’s one of us. We can trust this person. He’s just like us.” So it lowers people’s guard.
Kevin Kroskey:
So that’s number one. So while may not feel great to be on the BOLO, be on the lookout for somebody within your community where you’re hopefully being able to trust them. But unfortunately, that’s something that’s commonly exploited and was the case here.
Kevin Kroskey:
Secondly, and also very common, is a sale of an unregistered security. So we, as Certified Financial Planners, are registered and licensed, and supervised under the Securities and Exchange Commission or the SEC. So when I got into the business, we had to take a simple license exam. Candidly, the bar is set way too low to have the license. The CFP was certainly a much higher credential, even though it’s not required to be in the business. But nonetheless, we are regulated and do have licenses like a Series 6, Series 7, and Series 65. These are all different types of security licenses that financial professionals will commonly have.
Kevin Kroskey:
The CFP Certified Financial Planner is something more than that. It’s a different type of license, but it’s not required to be in the business. So unregistered securities are two things. One, they’re generally sold by people that are not registered, licensed financial professionals. Not always the case, but more commonly. But then also they’re not a registered security. So they’re not a mutual fund, for example, or they’re not a public stock traded on the exchange, whether it’s the NASDAQ or whatever the case may be.
Kevin Kroskey:
These are private investments, and often, they are unregistered. So they are not registered with the state securities departments of Ohio, Pennsylvania, or whatever the case may be. In this case, what this gentleman was apparently doing was using promissory notes. Basically, a fancier legal term for an IOU to go out and say, “Hey, let me borrow this money from you, and I’m going to use it to fund these real estate deals because I can go out and I can flip this house. I can…” in this case, I believe, who’s more so doing something called wholesaling where he was identifying the seller of the house, buying at a below market price and then selling it to somebody else that is doing the work on it to flip it.
Kevin Kroskey:
Apparently, he was also doing some of the work, but that was the gist. So he needed some capital. He needed some money to go ahead and fund that buying and bridge the gap until it was sold. So rather than taking out a mortgage or something on these properties, he was giving an IOU or promissory note to these investors, basically guaranteeing a return. So a couple of things here. So these unregistered securities that I mentioned, promissory notes, are probably one of the most commonly abused ones. There certainly can be registered securities that are promissory notes, but it’s very easy for these unscrupulous people to use promissory notes to go ahead and just commit fraud.
Kevin Kroskey:
Also, these are often tied to real estate deals, oil and gas, probably less so today, more so in the past decades. But nonetheless, those are all key areas that are commonly abused. So in this case, this gentleman, again, was guaranteeing a return and some of the articles that the Akron Beacon Journal and others have put out there. Maybe it was low double digits. And in some cases, I’m going from memory here, but I think one was, “Hey, give me this money,” and I’ll pay you back more than 30% in just a few months, which if you annualize that it’ll be north of a hundred percent per year.
Kevin Kroskey:
Red flags. So unregistered securities, promissory notes, and things that are tied to real estate. Again, we’re all familiar with real estate, right? Well, it’s something that not only, “Hey, maybe I’m a teacher. Maybe I’m part of this religious community,” so you’re lowering the guard there. But, hey, it’s real estate. It’s something that you are already familiar with. So another exploit that people use to lower the guard because of the familiarity.
Walter Storholt:
It’s like a series of gates that have all been lowered. So it seems like nothing but a clear path ahead.
Kevin Kroskey:
You got it. And another conversation that I had, and again, it wasn’t about this Copley basketball coach that I’m mentioning, but had a conversation with a gentleman that had a lot of his money tied up with a private hard money lender. So it’s this very similar to what’s here. Sometimes they’ll say, “Hey, your money is collateralized with this property or what have you. But oftentimes, even if they’re saying that it’s collateralized, so if the deal infected goes bad and you weren’t repaid, you could in theory, foreclose on the property and get your money back or subject to any fees that you have to pay or what price you could get, or at least have some collateral underlying the promissory note. But a lot of times, in certain cases, those weren’t even filed.
Kevin Kroskey:
So the mortgages weren’t filed. The first trustees, depending on what state you’re in, weren’t filed. In the end, investors didn’t check. So even people maybe thought that they were secured, not just like, “Hey, this money is going from a promissory note to fund these deals, and it’s tied to real estate.” But no, what I’m saying is some of them are supposedly actually secured to the property filed at the local courthouse and recorded as a lean against that property.
Kevin Kroskey:
You’re not verifying that those are, in fact, filed, then you could get taken advantage of there as well. So the other conversation I had about this private money is like, “Oh, I’m getting 10-12% on my money. It’s secured by real estate.” I just asked them, and I said, “Did you ever check and make sure that those mortgages were filed?” And you just heard silence which to me that silence answered the question was a big loud no.
Kevin Kroskey:
So all these things, there’s all kinds of different, I guess, flavors or varieties or wrinkles I’m sure that these people take. I don’t know if they really set out to do this intentionally from day one. They may start out trying to have a legitimate business that, at some point, it crosses the line, and then it does go often quite quickly into the fraud area, and they’re trying to go ahead and bail themselves out. And then it’s just that sort of snowball that’s rolling down the hill, getting larger and picking up speed, and then the Ponzi scheme ultimately collapses.
Kevin Kroskey:
The rumor is what has caused this Copley basketball coaches Ponzi scheme to collapse is that these high interest rates that he was supposedly paying on the promissory notes while he was issuing 1099s for this. So if these were not held in a retirement account, people are getting 1099s in January filing their tax returns. And on paper, while if you’re getting a 30% return in a few months, more than a hundred percent annualized, and you keep rolling it over and getting it over and over, even a little bit of money over time, at least on paper, compound interest is going to make that quite large.
Kevin Kroskey:
So this gentleman was apparently issuing 1099s for these paper gains that really weren’t valid. At the end, investors that ultimately apparently got ripped off were filing tax returns, and ended up owing a lot more than they expected. So they said, “Hey, we need some money out of these investments because they’re been doing so good.”
Walter Storholt:
Oops.
Kevin Kroskey:
“These 1099s that you’re giving us cause us to pay taxes. I got surprised here. Nobody likes to surprise when it comes tax time, by the way. But hey, I got all this money you’re showing on this statement that you’re producing from your office. And why don’t you just go ahead and send me some of that?” So that’s the story that I’ve heard out there, and I’ve talked to some attorneys that have been contacted by claimants in some of these suits, and that seems to be a common theme anyway. We’ll see how all this unfolds. But these people have been paying taxes on this, and they haven’t received their money. And generally, these situations-
Walter Storholt:
Oh, man. Not only are they losing their money, but they’re also paying taxes on gains that don’t even exist there.
Kevin Kroskey:
They’re paying tax gains-
Walter Storholt:
It’s a double hit.
Kevin Kroskey:
… that doesn’t even exist. They may have been doing this for at least a few years in many cases. Apparently, this has been going on since 2016. I don’t know when it crossed over until the fraud zone or if it was always that way. Again, time will tell. But what a nightmare. Unfortunately, when you do this, this loss under the tax code is something called a casualty loss. And they’re going to have a tough time really recouping any… I don’t want to say any significant benefit. It depends on the dollar amount, but it’s going to be a pain in the butt at best. Nobody wants to deal with this. But I think, candidly, when I think of this, I think of a lot of these teachers in the lunchroom that probably were approached by this guy and teachers.
Kevin Kroskey:
We have several as clients and have several that probably knew this gentleman that worked at Copley and retired from there. It still is, to a certain degree, a get-rich slow plan. It’s a pretty good pension. You may not make a ton of money early on, but it keeps increasing over time. Your wage does. And then the 403bs these people, the extra money that they had apparently are probably a lot of them put into here.
Kevin Kroskey:
While they’re still going to have their pension, as long as they didn’t roll that out and take some cash and invest a lot of the excess money that they did have outside of their pension and 403bs and what have you is they’re probably going to get pennies on the dollars back. It’s usually how these things play out. So it’s an incredibly sad situation. But all of these things that I just touched on briefly, these are the big ones.
Kevin Kroskey:
The affinity fraud, lowering the guard, being part of the group, earning that trust either directly or implicitly through being part of the group, unregistered securities usually in the form of promissory notes, often tied to real estate or oil and gas, and hard money loans. Also, under that real estate umbrella there. These are all things that you see very commonly as the top items in any state securities department each and every year.
Kevin Kroskey:
Some of the newer things that are out there that I haven’t had any direct experience, but I see some ads on Facebook that look pretty damn questionable, but different social media scams that are out there, cryptocurrencies, any sort of promise of high returns, guaranteed returns, things like that. The old adage, Walt, I mean, if it sounds too good to be true…
Walter Storholt:
It probably is.
Kevin Kroskey:
Yeah. My grandma used to say maybe another way. There’s only a hundred pennies on the dollar. So it’s the same thing. I mean, people can get taken advantage of. I don’t want to say it’s fear and greed, but there’s usually no free lunch that’s out there. Or diversification is the only free lunch that we like to talk about around here. But these are some of the things to look at for sure.
Kevin Kroskey:
So one other thing that I think is important to be mindful of, so I mentioned these unregistered securities. When I look at clients that we work with and where we hold their money, and I wouldn’t say we hold their money, a custodian holds their money. So what is a custodian? Think Schwab. Think TD Ameritrade, think Fidelity, think Pershing. These are all custodial banks that are the safe keepers of your dollars.
Kevin Kroskey:
Essentially, they provide more of an accounting function. Facilitate the buy and sell of securities. So every month that you get your statement, it doesn’t really tell you a whole lot about your investments per se, but it’s more, in this example, it used to work really well maybe 20 years ago. I might have to find a new one. But it’s more like your checkbook register if anybody out there still balances their checkbook register.
Kevin Kroskey:
But it tells you what went in the account, what went out of the account, and how much do you have. So it’s that sort of accounting aspect of your funds. And again, it facilitates the buy and sell of stocks, of bonds, of mutual funds. Those are all publicly traded securities. So that’s important to know. Bernie Madoff didn’t have a custodian. Certainly, this local basketball coach didn’t have a custodian. What did they have?
Kevin Kroskey:
They had a bank account in their business name. Almost never do clients write a check directly to our firm. We may charge a planning fee or project fee or charge for tax services, things like that. But their investment dollars never, ever, ever go to us, go to True Wealth Design. They’re paid to the custodian. Incredibly important. Incredibly important. And if you’re writing money out to somebody and it’s going to them or to a business account that they own, again, major, major, I don’t want to say red flag. It’s definitely a yellow flag. There could be legitimate purposes, but if you’re talking about your investment dollars outside of a custodian to an individual or business bank account, that is definitely a red flag. Very important to know. And then one other thing I should mention is we’ve talked a lot about, like at least briefly, the public investments there.
Kevin Kroskey:
Again, mutual funds, publicly traded stocks, and purchasing bonds, could even be like closed-end mutual funds, different things along those lines versus private investments. So you can have private investments that can be decent investments. They are generally going to be registered securities, not the unregistered promissory notes and fraudulent securities that I touched on earlier in the call.
Kevin Kroskey:
But any of these private investments, you have to be very careful. The due diligence has to be significantly higher. Probably about, I’d say five, six years ago, we started using private investments for certain clients. We’ve been in business now, oh, a little bit more than… I guess it’s our 15th year in business, looking at the calendar. But we just started using private investments about five years ago.
Kevin Kroskey:
One of the reasons why we didn’t do it before is I didn’t feel confident that we had the due diligence capabilities to go ahead and properly utilize those. And at the same time, I think they’ve probably improved over the years where there are more institutional quality private investments that are out there that are accessible to non-institutions. But nonetheless, one of the reasons why I didn’t feel comfortable using them was just for that simple reason. I didn’t want to put money to somebody that I thought was good, that was trustworthy, put our client’s money with them, and then have it end up, and they’re working with a bankruptcy trustee in trying to claw back a few dollars and probably going to get pennies.
Kevin Kroskey:
It just wasn’t worth the risk. So these private investments, you’re seeing different variations of them today. Again, we’re using them a little bit more broadly. We do them with the help of outside consultants that have very deep research benches for these sorts of things. We often and almost exclusively still purchase them through these custodians, through fidelity, through Pershing, through Schwab, through TD Ameritrade, whom we all work with. And they’ve already passed their due diligence looking for those large custodians because those custodians have liability for anything that they put on their platform.
Kevin Kroskey:
So for us and for our clients where we’re advising that maybe they purchase a private investment, it’s still going through the custodian. It’s still past their due diligence checks. We’re getting a recommendation generally from an outside consultant that has worked with them for years. There’s just a lot of checks and balances that are going into this. There’s a major law firm that’s constructing the legal documents. Certainly, the securities are registered. There’s typically a big four CPA firm that is providing an annual audit and accounting, and other financial records.
Kevin Kroskey:
Lots and lots of checks and balances. If you’re investing with Joe real estate in your community, who has a house or a property, very, very different levels of due diligence and just compliance and process and procedures involved in something like that. So just be careful. I’m not saying that anybody that’s out there in your local market that’s doing a real estate deal may be doing a property-specific deal for, say like an assisted living facility, multifamily, apartment, or something along those lines is fraudulent.
Kevin Kroskey:
But nonetheless, there is a significant amount of higher risk that something could go awry in those deals for a multitude of reasons. And in the vein that we’re talking about today, just from a compliance, safety of your money going outside of the custodian, going into somebody’s individual business banking account, significantly more risk there.
Kevin Kroskey:
So I’d say generally anybody that’s listening to this is just doesn’t do it. You don’t need to. There’s plenty of good public investments that are out there through mutual funds, through ETFs, through stocks, individual bonds, and cash, and what have you. Why take the risk is the gist. And if you are going to go into this more sophisticated private investment category, again, I mean, this is something that I’ve been trained to do, and I’ve been doing for many, many years.
Kevin Kroskey:
I personally didn’t feel comfortable doing it until I was well into my career and probably had in my 10 years of experience at that point in time of owning the business, given how much I work, I probably had 15 years of experience, and I didn’t feel comfortable until that point in time to start going down that path, and I did it with a big dose of help from outside consultants to do it. So take that for what it’s worth, but generally speaking, you don’t need to go and use these private investments, and you probably have way more risk than you do potential return.
Walter Storholt:
Great breakdown, Kevin. I guess my only question, and I think I know the answer to it, but we had a storm here in Myrtle Beach the other night, and unfortunately, an umbrella got lifted off of somebody’s house in the neighboring yard and landed in the parking lot where my wife’s car was parked and landed a right on top of the hood and left a nice big dent right in the middle of the hood. Fantastic. I mean, empty spots on either side, a foot to the left, two feet to the right. Would’ve totally missed it. I mean, no big deal. Instead, boom, big dent.
Walter Storholt:
But what, no stress, no worry because, ah, there’s insurance. Little deductible, boom, fixed, no big deal. We’ll take care of that. But no insurance for something like this, right? You can’t go and buy, “Hey, I made a really bad investment and got duped, tricked, and lost $3 million kinds of insurance.” Right? Does that exist in any way, shape, or form?
Kevin Kroskey:
For something like this, no, not that I’m aware of. But that does bring up a good point. For any of the custodians that I mentioned, there’s all kinds of insurance and excess insurance that’s out there. CDS and other things may have FDSC insurance. Certain insurance products may have state guarantees. There’s something called the SIPC or Civic that has insurance. If one of these custodians or registered members fails, then I know Pershing specifically has a significant amount of excess insurance that they purchase from Lloyd’s of London.
Kevin Kroskey:
You want whoever the safe keeper is of your assets, candidly, to be a too big to fail bank. Pershing is the subsidiary of Bank of New York now, and they’re one of the largest or globally systemically important financial institution. All this stuff we learned about post-2008 when you had a lot of the big financial institutions like Lehman and failing and others at the risk of failing. But you want whoever’s holding your money to be too big to fail, to be very safe.
Kevin Kroskey:
So these are things that are very important in all those institutions. Well, they’re not going to guarantee that you don’t lose money in an investment like a mutual fund or something. There are guarantees there belonging just to make sure that the financial system and your accounts there are going to be in good standing and not going to end up in a bankruptcy trustee and claiming pennies on a dollar.
Walter Storholt:
It’s great to know that. I suppose you could get Lloyd’s of London to maybe custom make you some sort of really, really bizarre insurance to cover something like this. But might be a little expensive to be prohibitive at that point.
Kevin Kroskey:
Yeah. If you’re looking to save money, maybe you have to go to Bob’s of Baghdad or something. I’m not sure.
Walter Storholt:
I love it. I love it. Well, great coverage of this topic on today’s episode, We’re just covering a small piece of the fraud and scam world, but something that happened in your local area and of a lot of our listeners as well. And so, yeah, it can happen to anybody if you’re not keeping your eyes peeled. Especially when it comes from close to home like that, very unnerving. Well, at any time, you can always reach out to an experienced advisor on the True Wealth team, set up a time to see if you’d be a good fit and to talk about what a financial plan would look like, and how you would prepare for retirement. And running these kinds of things by the team is a benefit of working with an experienced advisor if you are into these kinds of investments or wanting to explore that, Kevin and his team obviously have a lot of experience of seeing those red flags on the field, especially when they’re littered out there and they’ll help you spot those things and help keep you out of trouble when those pop-up.
Walter Storholt:
So if you want to talk a little bit more about your plan, your financial future, an easy way to do it is to schedule a time to visit by going to truewealthdesign.com. That’s truewealthdesign.com and click on the “Are We Right For You” button to schedule that 15-minute call. Or you can give them a call directly at 855-TWD-PLAN. That’s 855-893-7526. And we’ll put links in the description of today’s show so it’s easy for you to find that contact info. Kevin, appreciate the help and the guidance on the show today. Hope you have a great rest of your day, and we’ll talk again soon.
Kevin Kroskey:
All right. Thanks, Walt.
Walter Storholt:
Appreciate it. That’s Kevin Kroskey, I’m Walter Storholt, and we will see everybody next time right back here on Retire Smarter.
Disclaimer:
Information provided is for informational purposes only and does not constitute investment tax or legal advice. Information is obtained from sources that are deemed to be reliable, but their accurateness and completeness cannot be guaranteed. All performance reference is historical and not an indication of future results. Benchmark indices are hypothetical and do not include any investment fees.
