Should I Stay or Should I Go? Deciding Where to Live in Retirement

Episode 45: Audio automatically transcribed by Sonix

Episode 45: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Speaker1:
Any examples used are for illustrative purposes only, and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment, and is not a solicitation or recommendation of any investment strategy.

Speaker2:
Welcome to Take Pride in Retirement, the podcast dedicated to helping members of the LGBTQ+ community protect and grow their hard earned money. Get set for a show full of education and insights with your host and advisor, Matt McClure. We recognize every family is unique. The goal of the show is to help you achieve financial freedom so you and your loved ones can have the retirement you've always dreamed of, a retirement you can take pride in. No matter who you are, where you're from, or who you love. So now let's start the show. Here's Matt McClure.

Speaker1:
Hello and welcome once again to another edition of Take Pride in Retirement. I'm Matt McClure, your host, your advisor, your friend, your pal and your confidant. I really do appreciate you joining me. Of course, as always, I if you are just joining me for the very first time, I'm a licensed financial advisor and a fiduciary, and I'm here to help LGBTQ. Plus, folks just like you take control of your financial future if you are an LGBTQ plus ally as well. Thank you. I don't exclusively work with LGBTQ plus folks, but, you know, hey, I anybody who is looking to retire and just take control of their life and take control of their financial situation, I love helping people do that, you know, because retirement planning can really feel overwhelming, but you don't have to figure it out alone. And on this show, we break it down step by step so you can retire with confidence, security and pride. So let's jump into things. Of course, the very first thing I need to do is, again, thank you for being a part of the show and want you to go to all the different places online where you can find the show. You know, we're available worldwide as a podcast wherever you subscribe to podcasts. Do a couple of things there for me though, if you will just subscribe to the show.

Speaker1:
First of all, so subscribe to take pride in retirement wherever you listen to podcasts. That helps our numbers, obviously, and then leave us a good rating and review. Um, you know, I would absolutely love that. Also helps the algorithm, helps us get out there and spread the word to more folks who just need this information. And I feel like it's really, really needed information. Um, especially these days where there's so much uncertainty out there. Hopefully we can add a little certainty to to the world. And, you know, just to let people know that the options that they have, regardless of what's going on in the world around us, which, you know, can be kind of crazy after all. Um, we're also on the website, of course, take Pride in retirement.com. That's take Pride in retirement.com. That is the website. It's all one word there of course take pride in retirement. Com. It could do a few things there. You can see a little video from me welcoming you, telling you a little bit about myself and why I do the show and all of that. So that's number one. Number two is you can actually schedule a free consultation. It is an absolutely free consultation. As I say, that means free of any cost and any obligation to continue on beyond that initial meeting.

Speaker1:
So you only work with us if it's best for you. You just go there. You click on the Schedule a consultation button that literally takes you directly into my calendar, shows you my real time availability, and then you can schedule that meeting with me, either in person or remotely. The in person, um, aspect of it will take place at the offices in Atlanta. I have an office in Midtown Atlanta just right there, kind of right in the middle of things. So, um, would appreciate that. Otherwise, we can, you know, meet via zoom wherever you happen to be. So schedule that consultation there as well. Um, also on YouTube, on Facebook, on Instagram, on threads. Yes, search for take pride in retirement. Any of those places and you'll find me and you know, follow me there some great video content and some extra, extra special stuff that happens there. Okay. Remember to reach out for that free consultation as well. Um, all right, so coming up on the show today, you know, it's it's I think a very interesting topic, especially for LGBTQ plus individuals. So I wanted to talk about this particular thing today. And that's how to decide whether to stay in your current home or to move in retirement. You know, there's this sort of, um, maybe perception out there that it could be easier for, you know, um, more traditional, like straight couples or, you know, heterosexual couples or whatever to, to make that decision.

Speaker1:
Right? Because, um, they've had the kids in the house, the kids are moved out. Now it's time to downsize, right? I mean, you could have that perception anyway, but there are a lot of considerations that go into making that decision for anybody. So this may not be as easy as it seems on the surface. And also, I think for the LGBTQ plus community, some specific considerations that need to be taken into account. All right. I'm also going to check out a couple of lists. One, the best places to live according to WalletHub and the most Diverse places to live, according to WalletHub as well. I've also got an interview coming up with an expert at TaxAct about some small business considerations for filing your taxes this year, so that will be something if you are a small business owner to stay tuned for especially. All right. He does have, you know, something that's um, in there that's that's eligible, that's applicable to individuals. Also some great general knowledge and advice there. All right. So that's what's coming up. First though, let's get some inspiration for our conversations. And that comes via our quote of the week.

Speaker3:
And now for some financial wisdom. It's time for the quote of the week.

Speaker1:
And this time around, our quote comes from the one and only everybody's neighbor, Mister Rogers Fred Rogers, who said this once. Often when you think you're at the end of something, you're at the beginning of something else. Often when you think you're at the end of something, you're at the beginning of something else. I think that is, you know, it's just a few words, but it says so much, right? Like you, especially when you relate it to your finances and retirement especially, you know, you think you get to retirement and that's like, okay, well, that's the end of my career. But is it then the beginning of something else? Is it the beginning of a reinvention? Is it the beginning of finally being, you know, able to have the freedom to do what I want to do with my life and my days, right. Not being subject to the whims of a boss somewhere, or having to run my own business and have the burdens as well as the the positives that come out of that, the rewards that come out of that. But, um, you know, not having to deal with kind of the, the burden of it anymore either. Um, it's just, you know, it's a very profound, I think, statement to say that even though you might think you're at the end of something, you're really at the beginning of another thing. And the whole point really, of this show each and every week is that no matter who you are or where you come from, who you love, how you identify, or how much money you have, you deserve a retirement you can take pride in.

Speaker1:
You deserve a retirement that you can take pride in. And I want to let you know that even though you might feel like your situation right now as far as planning for retirement is, you know, really far behind, or you are, um, you know, just just not where you need to be. You've got a lot of catching up to do. There is hope out there for you, that you can catch up, that you can get ahead and be in a place where you feel like you're going to be able to do the things that you want to do in your retirement years. That's the goal, right? And the goal today is to talk about whether or not doing what you want to do in retirement means you should move from the place that you have been, from the place that you maybe have lived in for decades. I know that there's one house that I can refer to as home, and it's the one that we actually live in now. But, um, it's been in my family for about 30 something years, and that place I can call home. But I haven't lived there in a long time. Right. It's. My husband and I moved around in New York City for a long time.

Speaker1:
We moved around, um, since being back in Atlanta for several places as well. So it's just. I guess it's our thing. Um, but if you are someone who has planted, you know, deeply planted roots, if you are someone who is, um, you know, somebody who's been in a neighborhood or a city or, you know, just a place, a home, those four walls in that roof for a long time. There are a lot of different considerations as to to have in mind, I guess. Um, before you make that decision, before you take that plunge. And so should I stay or should I go? That's the big question as you're deciding where to live in retirement as an LGBTQ plus person. You know, one of the biggest questions, actually, that LGBTQ plus retirees face is whether or not they're going to stay in that current home or relocate. And so let's explore a lot of different factors here. We've got emotional. We've got financial factors. We've got practical issues to consider. And I mean you've got to just continually keep these in mind in the first one. Are those emotional? The first ones, I should say those emotional considerations and considerations about your community. Right. The community that you have around you. A lot of people in the LGBTQ plus community don't necessarily have a great family relationship, a great family dynamic with, you know, immediate family, moms, dads, um, sometimes, you know, grandparents or whatever don't necessarily have that many do.

Speaker1:
I do, and I'm so thankful for for that. But I know so many who don't. Um, but that just really calls into focus here, the role of chosen family. You know, I do have a chosen family as well. I have my family by blood, and I have my family by choice. And that family by choice is so crucial and so essential to everyday life, not only while you're working, but of course, you know, while you are, um, in those retirement years, I think especially, they become even more important. Also, your community, like the people that you choose to surround yourself with, and also a support system in a local community. Like do you live somewhere where you have a lot of support from, you know, either social services or groups that you're a part of, or even things like just being able to go out and and do a little shopping nearby or having access to LGBTQ plus friendly healthcare nearby. You know, do you have a place where you live that is generally friendly to LGBTQ plus folks? It's, you know, probably more so today than compared to, say, ten years ago, for example, but maybe not so much, um, compared to a few months ago. But at the at the same time, um, there are some places that are very, um, LGBTQ plus friendly and some not so much. Right. So you've got to make sure that you are comfortable in the the area where you live, whether that be a more rural area, whether that be a city or somewhere in between in the suburbs or the exurbs, I guess, as they call some of those places, kind of on the outskirts of the suburbs.

Speaker1:
Now between the suburbs and the rural communities. And so make sure that you're comfortable. And a lot of times that will mean being LGBTQ plus friendly in that area. You know, if you have deep ties in that current location, is moving worth the trade off? That's a question. And what if your location isn't LGBTQ plus friendly? Do you need to move? Well, a stat here that we found was 23% of retirees choose not to downsize simply because they're too attached to their current home and community. 23% almost a quarter of people choose not to go anywhere because they're too attached emotionally to their current home and their current community. So your emotions could be holding you back from a move, but then how do you decide what's best for your happiness in the long term? So like like I was saying earlier, if you've lived in your home for like three plus decades, the idea of moving really can feel overwhelming. But staying put can also mean things like higher maintenance costs, accessibility issues, social isolation perhaps. And so here are some key questions to ask you about the sort of emotional side of things.

Speaker1:
Do you have those strong social connections in your current community? Is your home still safe and manageable as you age? That's a big consideration because, you know, not only do the costs of upkeep and maintenance to the home go up as the house gets older, right? Things break down, uh, and all of that. The major appliances will go and the HVAC needs replacing, and so does the water heater and all of this stuff. And you got to get a new roof and, you know, perhaps new siding or whatever, you know, on on the house, maybe the driveway needs to be repaved or something like that. Those are big ticket items, and so are those things that you can afford to do. So the other part of that is, is it safe for you to be in that home? Is it a single story home with just a couple of steps maybe to get in or no steps to get in, or the hallways nice and wide are there? If you do have stairs, do you happen to have something that is like one of those chair lifts that goes up? If you have one of those already, great. Maybe it came with the home and you're like, oh, this is a reason I'm buying this house is because of the chair lift, and I'll use it when I get to that age. Um, but you know, all those things really, really good to consider.

Speaker1:
Would it free up financial resources for you to move to a more comfortable retirement, more comfortable place for you in your retirement. You know, taking those things like safety and the maintenance of the home and all that into consideration, would then selling that place free up financial resources and allow you to be more comfortable in your retirement years? Are you emotionally prepared to leave behind decades of memories? Or would staying just create unnecessary stress in your later years? You got to weigh those two things. You know, you've you've made memories in this place for years and years and years with people who you love. Perhaps you've raised kids there. Maybe not. Maybe you've, you know, had a bunch of pets there that you love. Maybe you and your partner or your spouse have lived there for a long time. Leaving that place does not mean that you are leaving that person, or those people, or whomever, or those pets and their memories behind you. Take them with you wherever you go, right? So you just got to weigh what is best for you and not necessarily the emotional part. Like if you step back and you leave the emotions out of it for a second, what decision do you make there? So it's definitely not just a financial decision. It is deeply emotional and I can help you sort of take those things into consideration with the financial aspect of it, and take a deep dive into your complete financial situation by working with you individually, because the answers to all of those questions that I just posed really are so individualized that I can't sit here on a podcast and say, oh, this is definitely what you should do because I don't know you and your situation at least yet.

Speaker1:
Go to the website. Take pride in retirement. Com take pride in retirement.com. You can also call me 85524692118552469211 is the number. And you can get in touch with me. And I can take a look at your individual situation, give you fiduciary advice. And what that is, is advice that's in your best interest, not advice that's, you know, in my best interests and going to put more money in my pocket. That's not what I'm in business for. Here I am in the business of helping you. And that is what I am legally and morally bound to do. As someone who is a fiduciary is to help you have a retirement you can take pride in and do what is in your best interest to make that happen. All right. Take pride in retirement. Com to schedule that free consultation free of any cost, any obligation. Some financial factors to consider as well. You know, there's um the cost of living of course when you talk about maybe do I want to move from a rural more rural area or suburban area into a big city? What's the difference in the cost of living there? If I want to move state to state, what's the difference of the of the cost there? And then, you know, even moving from one size home to another, like if you've got this big, you know, 7 or 8 bedroom home or something that you've lived in for so long.

Speaker1:
Two stories and all this and just way too much to manage in retirement. And you want to move to just like a little one bedroom condo that is going to very probably be a savings for you, especially in things like, you know, monthly bills, the heating and the cooling, the, you know, water bills and stuff like that, and the power bills. Those are things to take into consideration as well. The hidden costs of staying, as we mentioned a minute ago, are something else you need to really take into consideration here. The maintenance, taxes, modifications for aging in place, obviously, using that same scenario that I talked about just a second ago with the big seven bedroom house versus the one bedroom condo. Um, the hidden costs, there not only would be the maintenance on such a huge home, the heating and cooling and the power and all that, but it would also be the tax implications because property taxes, generally speaking, on a one bedroom condo are going to be a lot less than on the seven bedroom house because the tax assessment is going to be much more on the seven bedroom house than on the one bedroom condo.

Speaker1:
Right. So you got to take that into consideration. I mean, aging in place is the goal for a lot of people, a lot of retirees. 88% of people ages 50 through 80 say that they want to stay in their homes as long as possible. But is that realistic? Well, as I said, those home modifications can be a real cost can range from thousands of dollars to tens of thousands of dollars or more for full renovations. Also, if you want to stay in your home, maybe you'll need in-home care. Well, that averages more than $5,000 a month, according to Genworth. Property taxes, insurance, maintenance all of that stuff can add up, especially for retirees on a fixed income. Utility costs can be 30 to 50% higher in older homes as well, if you've been there for a long time, and maybe it's not up to current day standards as far as energy efficiency, you could be paying up to 50% more in your utility costs. So aging in place does seem like the more comfortable option, right? But it's important to be honest about whether or not your home can support you long term. So again, those stairs, those narrow hallways like I talked about, do I have easy access to healthcare, grocery stores, social activities nearby if I need help? Do I have family? Do I have chosen family that will be able to do that for me, or will I need to pay for in-home care, or will I need to pay for long term care in a facility somewhere? That's a big important factor to take into consideration.

Speaker1:
And have you planned for that? Another factor to consider here social isolation. Are you somewhere where you're not ever going to see anybody? Once you retire, once you're not going into an office every day, or at least interacting with people every day and whatever your job might be. Um, this story in The Guardian quoted some statistics that say studies have shown that loneliness can be just as detrimental to health. Loneliness can be just as detrimental to your health as smoking 15 cigarettes a day. How's that for a stat, huh? So staying in your home means being isolated. It could be time to consider a move to a community where you'll have more social engagement and more social engagement with, perhaps, like minded people. People who you have some things in common with that would be something to consider and explore as well. So if you want to explore aging in place options without financial stress and plan for whatever you want to have happen in your retirement years, go to take Pride in retirement.com. Take pride in retirement.com. Schedule a consultation today. You can also call (855) 246-9211. That's toll free (855) 246-9211. All right. So the true cost of downsizing here is something that I want to go over as well.

Speaker1:
Before I get to this interview with the guy from TaxAct I wanted to talk about or talk to in just a few. But downsizing, it's often viewed as kind of a simple, as I was saying at the beginning of the show, kind of a simple decision selling the big home to free up equity, reduce costs, moving somewhere smaller so you know your payments are lower and all of that. It's a lot more complex than that, though. I mean, beyond the financial aspects of the decision, of course there are emotional challenges and there are logistical challenges, too, you know? Downsizing can be liberating because it allows retirees to shed the responsibilities of all those things. We've been talking about the large home, get rid of clutter, get rid of all that stuff that you've accumulated over the years, right. Embrace a more A manageable lifestyle, but others find the transition difficult, especially if they've built strong community ties there. So, you know, before making the decision, consider the pros and cons. Some pros might be, yeah, the lower property taxes and maintenance costs. As I was saying, you could unlock home equity for retirement expenses. It would be easier to maintain and manage a smaller home. More opportunities perhaps if you depending on where you move for social connections, social interaction, especially if you're in a senior friendly community, especially an LGBTQ+ friendly senior community, you can move closer to friends or family or better health care facilities as well.

Speaker1:
That's such an important consideration because, you know, we get older, things break down, right? Could allow for a lower stress lifestyle with less clutter and less home upkeep. I've turned into marine condo all of a sudden. Does it bring you joy? Does it spark joy? The cons here, though, to consider about downsizing the emotional attachment to your home goes back to that, that very sort of core feeling, right. Moving expenses, real estate fees, closing costs, taxes, all the different moving costs, cost to hire the movers and all of that. That can all total, you know, more than $30,000 in many cases. Competitive housing market right now. Good luck finding a home for sale that you want. You know, you can probably, um, sell your home. I don't think you would have much trouble with that, but buying one could be a little bit more difficult in the market today and how it's been for the last couple of years. The risk of regretting the move to if you don't down, if you downsize too soon, and adjusting to the new community and making new social connections, that can be challenging as well. And here's the thing more than a third of people, according to studies, um, more than a third of people who are retirees actually upsize rather than downsize. And they choose those larger homes to accommodate that visiting, visiting family or the chosen family that comes to visit or stay for a while, and those friends that come and stay for a while, or to maybe maintain hobbies that require extra space.

Speaker1:
If you like stuff like woodworking or painting or whatever, maybe you need a big garage. Maybe you like working on cars. You need a big garage to do that. Right? So that's, I think, kind of a fun thing that more people do, of course, downsize. But then a lot of people do more than a third do upsize as well. So remember take pride in retirement. Com is the website for you to check out. Okay. Also quickly here I wanted to look at the cost of living when you are deciding where you should move. Um, traditionally, you know, states like Florida have been looked at as a very affordable place. But according to the US Bureau of Economic Analysis, um, Florida is actually kind of moved on up even toward the top of the list as far as the cost of living index in that particular state. And so like I was looking at this chart or actually kind of a map here that, um, Yahoo Finance had compiled based on data from the US Bureau of Economic Analysis. The lowest cost states tend to be those that are kind of in the Deep South, right? Arkansas, Mississippi. Louisiana those kind. Iowa. Also a very low cost state to move to. Um, in the northeast, the most affordable two states there are Vermont and Maine.

Speaker1:
Uh, Pennsylvania. Also a place to consider the Midwest you're looking at, aside from Iowa, North and South Dakota, but then also Wisconsin and Michigan, fairly affordable there as well. Out west, you're going to run into some trouble if you want to live in California because, as we all know, it's very expensive. Um, Oregon slightly less so. Washington is on up there as well. But Nevada. Hey, I could go live in close to some slot machines. Sure. It's kind of on the lower end of the spectrum as far as the cost of living, according to this data. So, you know, you got to take that into account, as well as all of the other factors that we've been discussing here on the show so far. And I wanted to share with you, too the most diverse cities in the US, according to WalletHub. Now, this could be a little bit surprising for you. Wallethub comes out with these lists a lot, and they take a lot of things into consideration. Um, and so I wanted to share with you exactly what they say about, I mean, these are this is a long, long list, too, of all of the different communities. And one of their analysts, actually, I'll let him do the talking here for a sec. Um, is going to is going to explain, um, what factors went in to the decision and also give you kind of the top and bottom cities on this list. All right.

Speaker4:
The personal finance website WalletHub just released its report on 2025 most diverse cities in the US. Arlington, Texas ranked number one for large cities, followed by Houston, Texas, New York, New York. Charlotte, North Carolina, and Los Angeles, California. The least diverse are Virginia Beach, Virginia. Seattle, Washington. El Paso, Texas. Portland, Oregon. And Detroit, Michigan. The study was based on socioeconomic, cultural, economic, household, and religious diversity. Full results can be found at wallethub.com.

Speaker1:
So that was Chip Lupo, an analyst with WalletHub there, who was talking about just those rankings. Yeah. Gaithersburg, Maryland. Silver spring, Maryland. Germantown, Maryland. Arlington and Houston, Texas, followed by New York. Also up there, um, at number six on that list. So if you're, you know, taking diversity into consideration when you're looking at places to move. Absolutely need to to do that. And of course you can find those, um, places at Wallethub.com. Uh, according to their list. Right. And then, of course, the best and worst states to retire in 2025. The top five states. Even though the cost of living has gone up in Florida, WalletHub still ranks Florida as the number one state to retire in. It still has that, um, that reputation, right. And so a lot of the stats will bear that out. Number two would be Minnesota. Three is Colorado, Wyoming at number four and South Dakota at number five. The worst states to retire in are going to be well, you know, their cost of living might be lowest. But also there are a lot of other things that are low on the on the totem pole as well. But New Mexico comes in at 46, Washington State at 47th, then Mississippi comes in at 48th. It's got one of the lowest costs of living, but a lot of the other factors are not so good for Mississippi. Same with Louisiana and Kentucky. Those round out the bottom of the list, and they kind of rank low on things like quality of life and health care, although they do rank very strongly on things like affordability. So all of that courtesy of WalletHub. I'm speaking with Mark Yeager, vice president of tax operations at TaxAct. Mark, thanks so much for taking some time for me. I really do appreciate it.

Speaker5:
Oh you bet. Thanks for having me.

Speaker1:
Well, Mark, it is everybody's favorite time of the year. And no, I'm not talking about, you know, the holidays or anything like that. It's tax time. Of course. Again this is I know it's probably one of your favorite times of the year because it's it gets very busy for you all there at TaxAct I know. But today you know, we're talking specifically not necessarily about individual taxes but about small businesses. And talk about, if you will, what small businesses can do and what they can do best to prepare for tax season, especially if maybe they're in new business and this is their first year filing.

Speaker5:
Yeah. So what I would say there is first and foremost, understand the type of business that you are. And what I mean by that is, you know, there's different business business types out there. And one of them would be like a sole proprietor, uh, a partnership, an S corporation or a C corporation. And the reason I bring that up is that, you know, it's going to it's going to depend based on the type of business that you are, the type of business tax return that you need to file. So sole proprietors, they file it on a schedule C with their normal 1040 tax filings. And then partnerships will file a 1065. And S Corp will file at 1120 S. And a C corporation will file an 1120. So that may seem like a very small nuance, but we do see, uh, individuals filing returns for, uh, tax filing types that they actually should have filed a different one for, and nobody wants to go through that time and effort of, oh, I just completed a partnership, or I meant to file an S corporation return and now I need to reenter that information.

Speaker1:
Yeah, that would that would not be fun. Um, is that among maybe one of the biggest mistakes that you see small business owners make when filing? And if so, what are some other mistakes that people can, you know, that you can tell folks about so that they can avoid?

Speaker5:
Yeah. And especially that that is one of the bigger ones, and probably the biggest one that I see overall on year to year basis. And that's whether somebody is a new business owner or has been a business owner for some time, are claiming expenses or taking those deductions. So what I mean by that is I think there's a level of there's always this level of fear that there's a deduction or an expense that I had that I'm unsure if I should claim it as a deduction on my taxes or not. Right then the IRS, what they say is that anything that is ordinary and necessary for your business, You can claim that that expense on your tax return on your business return that you're filing. So what what I'll say there is, if there's ever any uncertainty that that's why using a tax software like TaxAct to do your taxes is so, so important because there's so many tax deductions that are left on the table. And what TaxAct does for you, it has different has different product experience items like pro tax tips that tell you, uh, you know, what people like your business are doing for claiming expenditures. Uh, there's, uh, deduction maximizer that makes sure that you're not missing out on certain deductions or credits that you'd be filing with your return. And maybe even more importantly, it has a really cool feature called our Expert Assist Product, where you can actually talk 100% of the time, whether by phone or chat with a CPA or an enrolled agent or a tax attorney, at any point in your filing process with Tax Act. Uh, in case there are any questions that pop up as it relates to those deductions that you can claim each year.

Speaker1:
Well very good. And of course, you know, the clock is ticking here as far as getting those returns filed. Remind our listeners if they are a small business owner or maybe a, you know, a medium sized business owner as well, then just tell them, if you will, what kind of the deadlines, the ongoing deadlines are that are coming up for them.

Speaker5:
Absolutely. So the sole proprietor and the C corporation that we talked about earlier, those deadlines are April 15th. If you are a partnership where your partner is in a business together, or an S corporation where your shareholder in a business together. That deadline actually is nearing and it's going to be March 17th. So we always stress if more time is needed, that's okay. Just file an extension.

Speaker1:
Yeah, absolutely important to not just let it go by without anything being said or done. They're really, really important. And Mark, just about time to start wrapping things up here. But anything else that you wanted to mention, or maybe where our listeners could go to learn more?

Speaker5:
Yeah, I would say check us out at tax.com. We have lots of really cool content out there as it relates to just understanding what taxes mean. Uh, for small and medium business owners, right? You can learn a little bit more about our cool expert Assist feature and all the different product experiences that we have that we're really make filing your taxes easy knowing that the tax code is hard, right. Tax techs out there to make it as easy as possible for you to file.

Speaker1:
Yeah. Make making the complicated easy is right up my alley. So thank you for that. Well Mark Yeager with Tax Act. Thank you so much, sir for your time. Really do appreciate it.

Speaker5:
All right. Thanks for having me, Matt.

Speaker1:
Well, a great conversation there and a lot of things to remember. Keep in mind this tax season if you are a small business owner. Well folks, that is going to do it for this time around on take Pride in retirement. Thank you so so much for being a part of the show. This week, I really do appreciate it. Every time you join little old me for the little old show here. Um, I hope you've taken something great away from it. If you have any questions, if you want to explore how I can help you in your financial situation, maybe make a decision about should I stay or should I go from where I'm living right now? Should I, you know, make a decision about any other thing financially where, you know, my investments, the markets are all over the place right now. Do I need to invest here or there? Do I need to move to safety in my investment? All of those things need to be taken into consideration because no matter who you are, where you come from, who you love, or how you identify, you deserve a retirement you can take pride in. All right. (855) 246-9211 is the number (855) 246-9211. To schedule that free consultation, you can also do it by going to the website take Pride in retirement.com. Well that's going to do it for this time around folks. And until next time take pride in yourselves and take care of each other. We'll see you.

Speaker2:
Then. Thanks for listening to Take Pride in Retirement. Members of the LGBTQ plus community deserve to work with the fiduciary financial advisor who puts their needs first. To schedule a free, no obligation consultation with Matt McClure and the team at Active Wealth Management, call (855) 246-9211 or go online to take pride in retirement. Dot com investment advisory services offered through Brookstone Capital Management LLC. Bcm, a registered investment Advisor, BCM and Active Wealth Management Incorporated are independent of each other. Insurance products and services are not offered through BCM, but are offered and sold through individually licensed and appointed agents.

Speaker1:
Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosures of any conflicts of interest. Please refer to our firm brochure, the Adv2 to item four for additional information.

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