[00:00:00] Speaker A: 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.
[00:00:18] Speaker B: This is another money show. Get set for another hour of the latest financial information and economic news affecting your bottom line. J.R. and Anthony are committed to helping more Americans like you optimize their inc. Reduce their tax risk and reach financial freedom. So let's start the show. Here are your hosts, Anthony Correo and J.R. rochford.
[00:00:42] Speaker C: Here we are, your hosts, Anthony Correo and JR Rochford, taking a break from our day to day as financial advisors with Rochford and Associates, a fully independent fourth generation family office right here in Sun City to bring information you may not find on those other financial radio shows. The last thing. We're aware that the last thing you need is another money show, but we appreciate you being here especially the weekend after Thanksgiving. Hopefully you and your family are all still talking. I plan on not talking with my family afterwards, so. So we'll see. We'll see what this is gonna start right now by not talking during this episode at all.
[00:01:22] Speaker D: This, this is truly a Thanksgiving miracle and I am so excited.
So, yeah, Thanksgiving weekend. I hope everybody had a great time. Matt, we have Matt McClure producing today. So Sam Davis wanted to enjoy his Thanksgiving week, so apparently that means he didn't want to be with us. So good work, Sam. So Matt, thank you for joining us. We're actually recording on Tuesday the 25th, so I can't really ask how your Thanksgiving was without being kind of deceitful. So I will say I hope you have a wonderful Thanksgiving and everybody that's listening by now, hopefully Matt had a wonderful Thanksgiving. Yeah. Thank you for, thank you for being here.
[00:02:00] Speaker A: No, no, thank you guys for having me. I always like recording with you guys because it's, it's a lot of fun. And my, my Thanksgiving will be interesting this year because my, my niece has roped me into 5k early on Thanksgiving morning. And so yeah, I'll.
After that and all the turkey, I will be dead to the world afterwards.
[00:02:21] Speaker D: Now what is it?
[00:02:21] Speaker C: Doing it the day after that'd be very exhausting. Eat all that and then run it all off.
[00:02:27] Speaker D: Yeah, yeah, exactly.
[00:02:28] Speaker A: It's exactly true. Yeah, no, it's like so like, you know, 5K is basically what, like a very, very short, like out of shape person like me. Well, I'm not short, but it's a short run or walk. But I, it's like a very out of shape person's marathon.
[00:02:46] Speaker D: Okay. I just, I don't know, 5k. I don't know the length. I, I mean, we have a friend named Daryl, and Daryl is, he's my age. He's like early 60s and he does the Iron man stuff and I know bicycling, swimming, wrestling bears. I know it's like very intense. He. I think the run is like a full marathon, like 26 miles. And one day I'm kind of watching his progress and how he's doing and I'm like, I don't even like to drive 26 miles anymore. I mean, in my state, in my health and, and age, the condition, it's like, you know, driving across town, I'm winded. So. Yeah, good, good on you. I. I hope it goes well. I. We'll have to check on you next week, make sure you're, you're still. Make sure I'm still.
[00:03:28] Speaker A: I'm still around.
[00:03:31] Speaker D: So. And my Thanksgiving shout outs, I, I have to. The biggest one. I, I guess I need to, you know, the biggest shout out I have around Thanksgiving time. Sandy, Anthony's mother, she's huge into Thanksgiving, so we're going to have a house full of people as we do every year. And I just, I mean, she loves doing it. It's. It's so much work. It's like the, it's like a version of running a marathon, but. But in the kitchen. So shout out to Sandy because I know it'll be a great time.
A couple quick ones. Kevin, our loyal listener. Kevin gives us stuff pretty much every week. Kevin is.
It's kind of incredible. This week I'm reading his synopsis on the 50 year mortgage and I know that I probably should have paid attention in algebra or calculus or basic arithmetic or whatever it's needed, but he sent me a chart this morning and I'll have to talk to him about it. It's just one simple graph and I don't understand it. So, like, Kevin and I are 180 degrees opposite on the IQ scale.
So, Kevin, thank you. And I'll get with you and try to understand it.
[00:04:42] Speaker C: Something you should have sent to me. But most of the formulas he sends to me I don't understand either.
[00:04:47] Speaker D: Well, and I mean, come on, in all fairness, you're not that much smarter than me. You're. You're better looking, I get that. But you're not all that much smart. You. You're A step up. But you're not exactly a flight up if you see what I'm saying there. So let's. Oh, another shout out. Right? And I promised her I would shout out. We had a, a woman come in the office this week who's a radio listener and it was so cool. I mean, I just. We love meeting you. I say that every week now because we're meeting people every week now. And this woman said something I hadn't heard before. She gets up early. So she hears the short five.
And there's two things I'm going to give her a little praise. First, she keeps a notepad on her nightstand and she showed me one of the sheets. She takes notes from our show.
So that is so cool. And then this scolding I have for you, young lady. Apparently she said she falls asleep during the five o' clock hour. So hopefully. I didn't ask, but hopefully she's catching the second half at noon or whatnot. But thank you so much for coming in.
So. And you know, our whole thing, we say it over and over. We are not like this show. It's not a 60 minute infomercial. This is a show about sounding alarms. So most of the people that come in from the radio show, they're on Team Junior, not Team Anthony in that these are people that are, are worried about the world.
And, and Anthony's just not. He's at the age where again, I'll bring this up again, he listens to music and comedians and he's, he's the smart one. I'm the one that's always digging into information and it's not, I don't, I don't think it's all that pleasant. What I uncover. Got a few stories today. Unless, Anthony, you want to override me and keep it light for the Thanksgiving weekend edition of our show. But some of it's negative.
[00:06:34] Speaker C: And anyway, all I want to talk about is Kyle Bush. I got more information on that very.
[00:06:39] Speaker D: That's funny because that's the very first. As soon as I stop rambling about shout outs and introductions and, and your mom, that's the very first thing I have on my list. So should we just jump into that? Should we get in there right up? Because the Kyle Busch thing, I'm confused. So I want to hear along with everybody else how that ended.
[00:06:57] Speaker C: Well, it's not that it's ended. What I did is I found an article. It looks like It's Life Provider Review.com was written by a Bobby Samuelson. I know, but it looks like he's got a lot of credits to his name but essentially what he did because he had, you know, kind of like what we discussed, it was like how do you lose that much money in an iul? Like that's not what it's, you know, you should know better like what is this? This is meant for life insurance. How do you just lose that kind of money on something especially fixed indexed, you know, this isn't variable, this is a massive market concerns. So anyways the he breaks it down and what he said is he was able to find the as is illustration he was reading through the lawsuit.
But what this was for, it was meant to be, it was sold as an investment for tax free retirement income. Which you've heard us say this on the show a bunch of times, you can do stuff with life insurance but it doesn't ever seem to work out.
The death benefit works out like that's what life insurance is supposed to be for.
So they lost eight and a half million on 10.9 million in premiums paid over seven years is what they said. So it's set up as a seven year contract, supposed to be paid off they're saying. And this is another thing that really doesn't make sense to me because again I don't, I don't like using life insurance to do anything other than death penal death benefit. But it said that the policy was illustrated at 787,000 in annual income via the loan. So that's tax free income. That's pretty sweet. Starting at ages 51 and running out of 80. So this isn't even lifetime income. This is what, 29 years.
So 29 times that, 787, that's looking at 22.8 million.
22.8 million. But they put in eight and a half or they put on 10.
That's not massive returns. That's know I looked at what's the rule of 72, rule of 72 and it's like 2.4, 2.5%.
So I was like this seems like a very long way to get to something that wasn't even really beneficial for them anyways.
But he goes on to say first of all, this is, this was never talked about as a death benefit. This was sold as an investment for income.
So he's like why is the death benefit so high? And also there's an increasing death benefit in this policy too. Why are they doing all of that if this is supposed to be tax free income? Because I've looked into you. Those be your own bank policies before. And I compared it to the current IUL I have for 500,000, which really doesn't have a cash benefit. It's really just, it's going to be death benefit one day to if I have kids or my brother, sister, I don't know, maybe it'll go to the dog. Who cares? I'll be dead. But at that same premium, I looked at what if I wanted to be your own bank policy. And all of a sudden that 500, 000 death benefit got cut down to like 100, 150. I don't remember what it was, but it was tiny. So if they're trying to accumulate cash in here, why is their death benefit so high?
But essentially what he got down to is you really have to have insider knowledge on how all this stuff works. But he is, he's. His analysis is essentially saying this was purposely built to have a massive amount of comp commission for the agent. He said that this isn't a standard policy. This isn't mostly like this whole lawsuit isn't even really on Iuls in general. It's on this specific policy.
It's how the carrier pays their commission, and it's how this agent specifically set up for that.
Because there was a lot of riders and miscellaneous stuff in here that was meant to pull money out and to pay commission, but it wasn't set efficiently. And it definitely wasn't set up for the purposes, which is what it was sold as.
So I definitely get them being upset. Like I said, it always, we hate seeing these in the news because it makes our industry look bad.
But you know, just like anything else, there's bad actors out there in every industry, which is unfortunate, but haven't I been. I could get more into the details, but nobody would truly understand it outside of our buddy Kevin. I don't even fully understand. I've never seen this in depth. We, you know, like I said, we love using this for death benefit. We never tried to make magic out of it. And some advisors sell it as they can, and we have just yet to seen that actually in practice work well.
[00:11:55] Speaker D: And haven't I been saying since you've been in the office maybe quite a while before that our industry can tend to be slimy? I mean, what I said to you when you came in the office and you started asking questions about what we were seeing, I think 80, 85% of the people around us in our industry are so focused on pressure and quotas and trips. They earn trips if they sell enough, they. They do certain things that seem to cloud their judgment. I mean, you, you know, I always make fun of the people. Blue suit, white shirt, red tie, highly polished shoes. Don't care about you or your finances. They care about keeping their job, for one thing. The second thing is they care about making sure they have a boat. I mean, some of these big machines. Why do they only want to see you if you've saved 250,000 or 500,000 or a million? Why is that? Why don't people that manage your health or your money, why don't they have a passion to help people on a true fixed income like we do? I mean, am I patting myself on the back like I'm such a saint that I want to, you know, be poor in life, but I want to help people? I'm not saying that. I'm just. I mean, we see such slime. I've equated my profession with used car salespeople, timeshare salespeople. I mean, I'm sorry, just a lot of what I see, I question, you know, there. You're gonna find good and bad people in every industry. If you find somebody that cares about you, that's like gold. I mean, you know, we always have questions. We. When we are a second opinion for people, we have questions on what they have, why they have it, how it's working. I hear Anthony's dog barking in the background. That's kind of cool. It's Thanksgiving week that the dog bark. So I, I just, I mean, part of my thing with the financial service industry, you. You really have to. You have to have people held accountable. You know, I mean, we, Everybody that does this job, they don't. We have a compliance department. Don't the companies, you know, don't they look at the, you know, their suitability forms and best interests of the client forms and I won't go down this road, but I know that I squawked a lot about the fiduciary rule when that was new. I thought it was wonderful. I work in Sun City, where a lot of times I'm going to be. I'm going to, you know, make this a sexist matter. It's what I've seen a lot of times. The husband in a married couple handles the finances, husband passes away, woman doesn't even know where everything is sometimes. They certainly don't know what, you know, to do with the finance. I see it a lot over the 30 years I've been doing this, and they wind up in some financial advisor's office and they're presented Variable annuities and stuff. There's no way they understand. They're, they're presented things that, that I, I'm not sure are as appropriate. I mean, I'm not a huge fan of CDs, but if somebody passed away, at least buy some time. You know, they always say when somebody passes away, you shouldn't make any large purchases for two years. That's a rule of thumb. Although obviously it's different for everybody. And, and some of what you pass away.
[00:14:58] Speaker C: I'm gonna make large purses immediately. I'm gonna buy so many more Corvettes.
[00:15:03] Speaker D: Do you understand? That's why I don't have anything, Anthony. Do you understand? That's why if I ever win the lottery, I'm just gonna piss it away. I'm gonna have so many Corvettes when I give them to people like that. What is it? What is it, Big Daddy or what's the movie where Steve buscemi.
[00:15:16] Speaker C: Oh, yeah.
[00:15:17] Speaker D: Mr. De. Mr. Deeds, I. There's gonna be cars everywhere but your driveway.
And with the fiduciary thing, it's like a little summary for you. When it came out, I was kind of excited. I'm like, you know, it's, it's geared toward people that are 65 or older. It was supposed to be a level of protection. And, and the very first thing after I was excited to hear about it was a massive flaw.
Here's the flaw. It was this fiduciary rule for financial advisors came through the dol, which stands for the Department of Labor. So if you came into my office with a 401k or an IRA or any sort of qualified money, I was held to the fiduciary standard. But if you came in with a checkbook of regular non qualified money, I was not. That's pretty glaring of a flaw in the system. And then as the, you know, I took the class, I, you know, the accredited in Investment Fiduciary class. And then I started talking to other people in the industry. Had a friend that I worked with, you know, in the, in the late 90s, early 2000s. Like, how are you going to handle this? He said, I'm not. What do you mean you're not? He said, you know, some of these applications now are up to, you know, 10, 20, 30 pages. It's just another page of signatures. I'm just going to put it in front of them. They'll just sign it. They either trust me or they don't. And I was like, so basically, you know, if everybody does what you're doing, the rules is no good anyway. Yeah, like he doesn't care. And I, I don't know then. So that came in under Obama, the fiduciary rule. Then it got scrubbed under Trump's first term. Like it went away and then it turned into just the best interest of the client. Well, we've always had that. You know, we had a suitability department in the old broker dealer world. I mean, you always were supposed to put the client's best interest first or you shouldn't be in this industry.
And then under Biden, it kind of came back. Then they've been working on it, but there's no fiduciary rule still. And then now that Trump's back, I don't know. I know it's not in place. So if you hear an advertisement right now and somebody says, don't work with anybody who's not a fiduciary, I can tell you that's a marketing thing. That's a buzzword. I can tell you. Find somebody that puts your interest and usually people know. You know, part of why we, we are always offering a second opinion. We're not poachers. If you have a good financial plan and there's no problems with it, we're not going to try to move it. We're not going to try to take you. If we have questions, we might ask you to go to your advisor and ask certain questions. If the plan's not appropriate for you, we darn sure will try to take it over because we know we're honest.
Boy, that was a big soapbox to get on.
So should we move on? Anthony, while you were settling down your dog and doing whatever you're doing, I went off the track as usual. So let's.
[00:18:06] Speaker C: I'm glad I missed it.
[00:18:08] Speaker D: Oh, yeah, yeah. You didn't miss anything. And I know you won't hear this episode later, so I'll just tell you. The only thing I did was I explained the meaning of life and I just told the listening audience how this Thanksgiving week, the most thankful Anne is that, you know, I'm sorry, near you all the time.
[00:18:22] Speaker C: So I'm just looking forward to watching my cousin Vinnie. That's all I can think about for Thanksgiving.
[00:18:27] Speaker D: I guess we need to share that with people. So I'm not sure how it started, but whenever that movie came out, I think it was in the, in the 90s, I think. I mean, it's been out so long, I don't know why, but I started watching it on Thanksgiving and then I met your mom in 2002.
Yeah, I, I remember when I met your mom because after 9 11, things were still weird in the world.
And I met your mom in the beginning of 2002 and she adopted the tradition. So now your mom watches my cousin Vinnie every year. And you do too, because you seem to be with us every year.
Why my cousin Vinnie on Thanksgiving is beyond me. No idea. No idea. Not a clue. I don't know how it started even.
So let's move on. Let's talk a little bit about something that you know, when I have been talking about line in the sand. I have two.
I only two. You know, knowing me, I should have 22, but I only have two.
Second Amendment. You know, I. If we have time, we can circle back around Jen Pizzaki on the video from our representatives because there's quite a few updates on that. Maybe Mark Kelly is going to be brought back to active duty so he can be court martialed. That's one of the updates. So. Good, good. So, and, and I got more passionate over the past week about that, not less. I, I thought a lot about Anthony, about you, who hasn't served in the military and hasn't been trained on the fact that you can't sue the US Government and certain things that I know. And I've gotten more angry because you know what? One thing I didn't think about last week when that was brand new. This isn't the time to get people's blood boiling any further than we already are. This country is so polarized, so divided.
So even if that video was on its surface saying if there are illegal orders, you don't have to follow them, nobody can. That what the video said?
It's exactly what it said. But name Anthony. I'll give you the chance. They got one of the congress people already to say, yeah, there's no illegal orders that they know of that was to stir people up and tell them if we do have to have an insurrection, we got your back. That's what was gleaned from that. And I've read hours of different opinions since then and I can regurgitate them for you if you wish, but that whole thing was meant to stir the pot and it's too dangerous right now to do so. So. And, and I just, you know, I mean, we, when you go in the military, you, you swear an oath and you are not allowed to follow. If they tell you to shoot civilians, you're not allowed to follow that. I don't think that's what's going on. I mean, you know, Some of what I was able to read on why this video took place was because it's an opportune time. You know, there, there the people in Washington D.C. seem to have welcomed the National Guard. People in Chicago don't want it. You know, I brought up the young woman that was set on fire last week. A real quick follow up on that one. I don't want to go too far into that story on Thanksgiving weekend. Apparently that, that 50 year old man that set her on fire on the, on the, on the train.
72 prior arrests.
72.
So, okay, tell me there's nothing wrong with our justice system. Tell me there's nothing wrong with these cities that keep letting people out to, to do things again anyway. And I just said I don't want to go down that road but I do have plenty of ammunition, Anthony, if you ever want to take me aside and air it out. So but hopefully they all, hopefully they all hope there's some resolution because I think it was blatantly, I think it was criminal. That's what I think.
Neither line in the sand other than be very careful about your rights. Make sure you safeguard your second amendment because your second amendment actually protects your first, it protects your fourth, it protects your tenth. So your second amendment is actually rather important. So hang on to it. And you know, they've been trying to violate it since I can remember. I can tell you one thing, they violated it pretty successfully already. When did it say in the second Amendment, which I'll give you the summary, shall not be infringed. When does it say I can protect myself or my family or an innocent bystander in Phoenix, Arizona? If I hop in my car car and go across the California state line, I lose my God given right. Where does it say I guess I, where did they start saying that? When did it become a state's right issue and not a, a right of the people issue. So that's here nor there. My other line in the sand, digital id. And I know we're probably near break time so I will condense some of the things I read. One was from msn.com on 20 November, TSA may start charging a fee for travels without a real ID or other approved id.
If you don't have a real ID next time you fly it could cost you the Transportation Security Administration, I believe that's the old TSA has proposed a rule that would charge travelers who lack a real ID an $18 fee at the securities checkpoints. According to a notice published Thursday in the Federal Register this notice serves as the next step. The next step. I hope you keyed in on that in the process in real ID compliance. I love the word compliance when the government's telling me what I have to do. Which was signed into law more than 20 years ago and finally implemented by Secretary noem as of May 2025, a TSA spokesperson told CBS News, noting that the agency would soon provide additional guidance. Oh, I'm pretty sure they will. TSA is working on with stakeholders and partners to ensure both security and efficiency at our checkpoints. Yeah, TSA has been so efficient over the years.
The TSA has been wonderful. Take off your shoes.
I don't know. This is the frog in the boiling water again, so. And then it goes further. The article says the TSA is launching a biometric identity verification program at its checkpoints.
They're going to screen your eyes.
The only other thing I'll read. Verifying people's identity at the nation's airport is the first step in the physical screening process at TSA security checkpoint and the last link in intelligence based traveler pre screening ensuring that high risk travelers are identified.
That's good. That's good. We should give up our freedoms for safety, I suppose. I guess that's never been a problem.
So.
And I.
Matt. What? How much time do we have? I'll. I'll refer to one more and then we'll move on. If you look up Carl Chang.org On 12 November, U. S driving license changes 2025 new rules come into effect starting November.
It's, you know, we're going towards digital id. I guess that's all I have to say about this. So be, be ready and be ready to fight it because it is the first step before central bank digital currency and other things. With that said, I'm going to after the break keep this episode light and airy again. We hope you had a wonderful Thanksgiving and everybody's safe and happy. Matt. We hope you you made it through your 5K.
Reach out to us.
We want to keep meeting you. We've been meeting you one at a time so far, which has been very nice. We want to meet all of you that are listening but we don't want to do it all in one day. We want to meet you one at a time. So we're at 623-523-0444 or you can email us if you're shy. We're at
[email protected] and we have a YouTube channel. Shelby's putting up those little videos and they're funny. We, we have 643 subscribers now, so Joe Rogan knows we're gaining traction. But we do have over 400, 000 views of our videos. So if you want to check out our shorts and our videos, please go to YouTube.com and look up another money show.
Well, we will be right back. We'll dig into a few more things and I'll try to get Anthony rambling again because that Kyle Busch thing was. We needed a the end of that. All right, Anthony, anything else before we go to break?
[00:26:50] Speaker C: Nope. We're good.
[00:26:52] Speaker D: We're good. We have nothing else for you, Sandy, anything you have to add? Happy Thanksgiving. Sandy says Happy Thanksgiving. All right.
[00:27:00] Speaker C: Happy Black Friday week, monster.
[00:27:02] Speaker D: Sandy's a shopper. She's more worried about Black Friday.
So with that said, we hope you're doing great. Thank you so much for tuning in. We love that you're here. We'll be right back.
[00:27:11] Speaker B: Stay right there. Another Money show returns in moments. And be sure to subscribe to the podcast and leave a review.
At Rochford and Associates, we know you've worked hard to earn your money and you've worked even harder to save it. When it comes to wealth management and Planning for retirement, J.R. rochford and his team of specialists have been helping individuals, families and business owners find financial freedom at their veteran owned firm for more than 25 years. Give us a call now at 623-523-0444. That's 6235-444.
Welcome back to Another Money Show. To schedule your free, no obligation consultation with JR and Anthony, visit anothermoneyshow.com or call 623-523-0444.
[00:28:15] Speaker D: Welcome back to Another Money Show. Thank you so much for being with us. As you know, we're little tiny fish in a big huge pond and we greatly appreciate you being with us. So we know we're different. I mean, we know that our job is to sound alarms and wake people up. We, we want you proactive, not reactive. We want you prepared, not scared. So bringing you current events stuff that we know you're not finding on the other financial shows, you know, some people, it's not their cup of tea, but those of you that like what we do, we use as, I mean, tell people about us. I mean, I know we're a different animal, but tell people about us. So moving on, since it's Thanksgiving weekend and you know, I'm always so thankful that we have such wonderful representatives and politicians, I'd like to get into a little bit of politician shenanigans for a second, if I may.
So here's something for you. This is from Newsweek on November 19, 2025.
Hey, there's never a shortage of people behaving badly. Wasn't that a TV show? No, it was Men Behaving Bad. But anyway, Newsweek, the 19th of November. Democrat. It doesn't matter what political affiliation. I shouldn't have read that. I should start in the second word. Sheila.
Sheriff, I've never heard this name. Sheila. Sheriff.
Dash McCormick, indicted for stealing 5 million in FEMA funds. So, Sheila, good on you.
A federal grand jury in Miami on Wednesday indicted Democratic Representative Sheila. Let me try her name again. Sheriff. I'm just going to call her Sheila. Sheila, if you're listening, give us a call. Let me know how you pronounce your last name. And several co defendants charging them with stealing roughly 5 million in federal emergency Management Agency disaster relief funds and funneling the money into her 2021 congressional campaign.
The U.S. department of justice announced the indictment alleges that they just give her last name Sheila. The indictment alleges that Sheila, who represents Florida's 20th district, covering parts of Broward and Palm beach counties, and her brother Edwin. Oh, for Pete's sake, he's got the same last name. Edwin Sherfilis diverted an overpayment linked to a COVID 19 vaccination staffing contract awarded to their family home health care business.
Prosecutors say the funds were laundered through multiple accounts to mask their origin, with a substantial portion routed from the FEMA contract into campaign contributions. And that the congresswoman also conspired with with her tax preparer to file false federal return.
So that's great. So tax fraud, too. We're going to. All right.
Apparently, Sheila did not immediately respond to Newsweek's request for comment Wednesday evening. Good call, Sheila. Maybe keep a little quiet.
Maybe just see how this plays out. Before you start talking, this is my thought. One last thing. I'll read here why it matters. The indictment lands as surface. Dash McCormick, 46. She's only 46, already faces heightened scrutiny over her family's company's pandemic era finances. In late 2024, Florida Division of Emergency Management sued Trinity Health Care Services, the firm she ran before entering Congress, accusing it of overcharging the state by nearly 5.8 million for Covid vaccination registration work and refusing to return the money.
State officials said the issue came to light after a single $5 million overpayment raised alarms. $5 million. When a government's 38 trillion in debt, that raises alarms. Wow. Underscoring concerns about how Trinity handled large public contracts during the pandemic. All right, you know what? I do have a couple thoughts. First of all, first of all, how where do our politicians come from? This one came from the swamps of Florida, apparently. But wait, are these the brightest minds we have? I did hear yesterday that Doge is no longer. They. They completely dismantled Doge. So we're gonna let stuff like this fly again in our country.
So I don't know. I mean Sheila, shame on you.
Oh, you know what, I do have another. I just got another thought right now. So you were talking about Kyle Busch, you know, and my thinking is, didn't the company find the shenanigans? Isn't there an insurance commissioner? Isn't there a compliance department? Isn't there a broker dealer? Isn't there a back office? Isn't somebody gonna. It's Kyle Busch.
If they were selling life insurance to Anthony Correo at Rochford and Associates, you know he's a non issue Kyle Bush, you would think there would be scrutinization over 10 millionth dollars going into life insurance. But I guess they missed it.
One would think we have training. Anthony, you and I have to buy new E O insurance every year. We have to get our errors and emissions insurance. By the way, I hope that life insurance salesperson for Kyle and his wife has a good, a good strong insurance plan. So I don't know. And this article with this woman here, it, it. They say the word laundered. She laundered funds. Anthony, something else we have to do every year.
We have to do anti money.
[00:34:03] Speaker C: Launder all our money. Oh no.
[00:34:06] Speaker D: We have to launder our shorts. We don't have to launder our money. So, so I don't know, I just. I. I guess, I guess for Thanksgiving weekend. This is good because it makes me laugh how ignorant people are.
Let's do another one. I mean as long as I'm having such a good time. So here's from the daily HODL on 10 November. Pelosi tracker. Pelosi's got her own tracker. Triggered as US politician pours up to $45,000 into two new stocks.
Normally you should be able to buy whatever you want. And by the way, why do politicians. Why do they.
Well, I'll just move on from I was about to get myself in trouble. A US politician just disclosed the purchase of multiple new stocks including two in biotechnology and research a sector. Here's the key kids. A sector she oversees in Congress.
I love this. So you know, Martha Stewart, if you're listening, how do you feel about this? You did some prison time for insider trading. How do you feel about all your representatives doing it? So, geez. Maryland Dem. Oh, they said her political affiliation. I won't say it. Maryland Representative April McLean. Look at you. April.
I love you because your last name is something I can say. So this One is April McLean Delaney.
What's with the two names? With all these people? April McLean Delaney has reported buying up to $30,000 worth of shares in Lab Corp. Holdings, which is ticker lh. I'm not making any stock recommendations. I'm not a stockbroker. I'm just a peon who. Who doesn't launder money and sits there and minds my own business. I do my continuing education when necessary, so. And up to 15,000 worth of shares in Bio Tech Corp. Tech is the ticker. Amid other transactions, the move caught the eye of the Nancy Pelosi Tracker, a popular politician investment tracking platform with 1.2 million followers on X.
The attention is due to Delaney's seat on the House Agriculture Committee's subcommittee on Conservation Research and Biotechnology.
The very last thing I'll read here.
It is fully legal for U.S. lawmakers to invest in stocks within industries they oversee through congressional committees, provided that they comply with the Stock Act's requirement to disclose transactions exceeding $1,000 within 45 days via periodic transaction reports.
My only question on this. Why?
Why is it legal?
Isn't that considered insider information?
What am I missing? Why is it legal? You know why. The golden rule.
Those that hold the gold make the rules. This is just baloney. That's what it is. You know what you should. Legal.
[00:37:20] Speaker C: Because she doesn't work for the company, she just works for or works for the government and oversees regulations that affect it. Technically, it's not insider trading. Doesn't mean that it's right. But technically it isn't.
[00:37:33] Speaker D: I see what you're saying. That's a very gray area, Anthony. I think it's insider patient. Because if you oversee the biotechnology sector and you know they're about to change something and you know what companies it will affect and you buy their stocks as long as you tell people you're buying it within a month and a half afterwards.
Come on. I mean, Nancy Pelosi is worth how many millions? Do you really not think that. That she is guilty of insider trading? I. I don't know. I do. I think she is. I think Nancy Pelosi's Well, I don't want to go too far today anyway. I. I just think, you know, when politicians was. Were new, you know, I don't know how long ago, but they used to be doctors and lawyers and, you know, real smart people and they would leave their profession to represent the country.
They would go and serve and, you know, help the country and then they would go back to their profession. You know, Marjorie Taylor Greene stepped down this week, apparently. She stepped down, but she's not going to leave until January, oddly enough, right after she's fully vested. I guess it's a five year vesting to get her lifetime pension. So good on you, mtg. I want to like you. I think you're different. You try to fight the system. I admire that. I think both sides of the aisle better start fighting the system. But I don't know, maybe you're slimy too. I just don't know. So anyway, so I think you should leave your professional. I think there should be term limits. I think you should go represent your country and then you should go back to your job. And I think you should take a nominal salary while you do. And I don't think you should have your own health benefits and pension for life. And so I don't think any of this is right. I think we need to revamp the entire political structure, if you ask me. And who knows, maybe we will in your lifetime. Anthony. So a little funny, I saw a little thing here. Speaking of Nancy, the greatest investor, Warren Buffett's, you know, mentor, Nancy Pelosi. Nancy Pelosi's Napa Valley Winery. Nancy owns a winery. So talk about the haves versus the have nots. So her winery and I haven't vetted or verified. So maybe this is just entertaining. Maybe it's true. I don't know. I don't give a crap.
She received a $33 million grant from USAID for experimental farming.
You want me to read that again? It's Nancy Pelosi, Napa Valley Winery. She owns it, probably with her husband. 33 million dollar grant from USAID for experimental farming.
She grows grapes.
There's nothing experimental about growing. It's like I Love Lucy episode. Maybe she stomps on the grapes with one shoe on, one shoe off. I don't know what's going on, but Nancy, stop the madness.
All right, should we. Should we go from politicians to banks? That's probably my second favorite thing. Actually, banks are my first favorite thing to talk about here. Here's two articles if you want to dig into this one. You know we always usually our favorite target is Wells Fargo but we got B of A for you this week. So here's from The Independent on 11125 bank of America faces lawsuit from employees for not paying Them during pre shift Computer tasks and I will read the title of the other one too and I'll just glean from one of these. Here's from Yahoo.com on the 9th of November of this year, bank of America sued over not paying workers for PC boot up time in proposed class action lawsuit says here bank of America is facing a proposed class and collective I don't know what that means action lawsuit that accuses the company of failing to pay hundreds of hourly workers for time spent booting their computers, logging in and launching required software before officially starting their shifts. The complaint filed by former employee Tava Tava Tava Martin focuses on a routine familiar to many in the modern workplace. Unlocking encrypted drives, signing in through multi factor authentication, connecting to a VPN and launching business critical applications.
According to the filing, these tasks could take up to 30 minutes each day and were required before employees could access the company's timekeeping system to clock in.
Maybe in this day and age of AI and just genius level lightning speed changes in technology, maybe put an unencrypted time clock application on their computers to sign in and then go through the, you know, don't give any identifying information but then sign in.
Last thing I'll put here. This could even take longer. If technical problems occurred and during unpaid lunch breaks, many systems would automatically disconnect, forcing employees to repeat parts of this protracted login process, adding approximately three to five minutes of unpaid time on most days. At the end of each shift, workers had to log out of all programs and securely close down their workstations, adding another two to three minutes.
I don't know, I don't know if this is a nothing, but I don't know anymore about much of anything.
But I know if there's hundreds or thousands of workers and they're being slighted out of a half an hour a day and then a little bit more lunchtime, that's not cool. So b of a shame on you.
All you have is other people's money to handle and to work. You know, you're as a bank your job is to take my money and use it for mortgages and reverse mortgages and mortgage back securities and derivatives and whatever you want. And then if I want it, you're supposed to give it back. Last time you went to a bank and asked for more than $5,000. How'd it go for you? So anyway, so that's, there's, there's the latest banking shenanigans. Anthony, anything you want to chime in on that?
[00:43:45] Speaker C: No.
I changed it up though. I don't want to just say no. So I'm going to find I'm actually going to learn different languages to say no for every time you ask me that.
[00:43:57] Speaker D: Good for you. So here's something. As long as I'm on technology, I want to end up today with some sort of death and destruction because this is the kinder, gentler, laughing Jared today. But enough of that. So here's something for you. This is from October 23rd on MSN.com but it got lower in my stack each week, so I kind of brought it up because I don't think it's done yet.
A new email breach was recently revealed and the number of affected accounts is pretty staggering.
Some 183 million email accounts were reportedly compromised. Anthony, I think we did talk about this briefly. The breach was revealed by have I Been Pawned?
Which notes. It includes both email addresses and corresponding password.
Excellent. The breach occurred in April.
This article is from October and was added to have I Been Pawned this week. The email addresses and passwords were apparently stolen via malware.
So what to do if your password has been breached? It's simple enough. Change your password and potentially enable two factor authentication. When in doubt, it's best to be safe.
Yale New Haven health reached an 18 million dollar settlement over a data breach that impacted over 5 million people earlier this year. So this hack I First read is 183 million. Some other countries 5 million. It seems to me like it's pretty, pretty prevalent.
I just made it word. So Happy Thanksgiving. I hope you're fine. Thanksgiving was prelevant.
So if you want to see if Your email is one of the 183 million in general or the 5 million over at New Haven Health, go to have I been pond?
Which is spelled pwned.
So go to haveibenpawned.com plug in your email address and it will tell you. And I did it. I went in there and it, it showed me several different things. Some of the carriers that Anthony and I represent. By the way, if you didn't know this, you need to know it. We are fully independent so we work with many car care.
I am having so much trouble right now and I haven't even started drinking yet. We work with a bunch of carriers and or companies so we, we have been notified of a breach recently that showed up on there and I've been pawned. So go ahead. And Anthony, I did plug in your email address too. And you, you, you've been breached too, but not as bad as me. I plugged in Sandy. I plugged in Jay.
Why don't we do a little death and destruction? Is that okay? Anthony?
[00:46:46] Speaker C: Yeah, I mean, we got 10 minutes left, so try to cram in those all that you can.
[00:46:50] Speaker D: Nice. And I'm only going to ask questions from here on out that you have to say yes to now that I know that you're going to try to be on a mission to learn other ways to say no to me.
So this is just bizarre. I don't know if I should even be covering this, but it caught my attention so I thought, why not? I mean, you expect weirdness and unusual stories from the show. So here you go. Enjoy. Here's something I found from the New York Post on 111225 Rich sniper tourists allegedly paid $90,000 to shoot civilians, including kids, during human safari trips to Sarajevo. Sarah, didn't you bring this up last week? I don't, I don't know. I might have referred to, I didn't, I definitely didn't get into the articles. But I mean, this is, this is insane. If you want to read more. I mean, another article I found was from Unilad U N I L A D on 14 November, threat for any US tourists who allegedly paid 90,000 to shoot people on human safari. So this story, I'll just give you a little bit from these articles. This story is not new, but they're just now getting around to looking for the people that were involved.
So wealthy sniper tourists allegedly paid upward of 90,000 to shoot people during the human safari trips to Sarajevo. Am I saying that right? Sarah Havo in the, in the late, in the late 90s with an extra fee to kill children. According to wild claims being probed by Italian prosecutors. The investigation was sparked after an Italian writer alleged he had uncovered evidence that wealthy gun enthusiasts dubbed sniper tourists would pay Bosnian snipers, Serb forces for the chance to gun down residents at random during the four year siege in the city.
More than 10,000 were killed in Sarajeimo Sandy. Am I saying this right? By snipers and shelling between 92 and 96 in the Balkan wars, there were Germans, French, English people from all Western countries who paid large sums of money to be taken there to shoot civilians, said Enzio Gabarenzi, the investigative writer. There were no political or religious motivations. They were just rich people who went there for fun and personal satisfaction. We are talking about people who love guns and perhaps go to the shooting ranges or safaris in Africa.
Holy crap.
I mean, I'm not. I don't. I mean, I love animals usually more than people. So I'm not a safari person. I never would be. I'm not a hunter. I had done it when I was a kid and it wasn't my thing. I did not want to shoot an animal. But I'll tell you what, I mean, talk about a new level.
You know, you go to the shooting range is one thing. You should be able to defend yourself. I'm a huge second member guy, remember? But, yeah, this is a whole new level of holy crap. So hopefully, hopefully nobody from this country winds up getting caught in this little sweeping net they're doing.
We better move on. Why don't we do something financial, Anthony? Let's end up with something financial because I gotta get this. I gotta get away from this story quickly. I want to remind you of something. Our office, we protect and grow in that order. We had somebody in the office this week that needs additional income, which is Anthony's specialty.
I want to talk for just a second.
You know, a lot of. Of what we see over the years, we see products, but not necessarily planning.
So we, we want to sit with you. We want to see what you have. The person that came in the office had a bunch of different products, but none of them really.
It was like, what's the plan? Like, the, the client didn't really fully understand how they all work together.
The client needs additional income. The client. The client wanted to talk about risk tolerance and risk levels, and that's our specialty. So we make sure you reach out to us at 623-523-0444. Want to sit down with you? You know, we, we talk all the time about how you need to have a plan. We're not a transactional office. If you come in our office with a checkbook and you say, here's the sum of money. Invest it, you're going to be sorely. You're going to be shocked at how in depth the appointment is. We want to know all about your situation. We want to make sure you have a good base, a good foundation, a good understanding of what you have. And then we work on a plan that goes everywhere from perhaps even food and water and physical cash at home through income you can never outlive. So that, that is our thing in our office.
Anthony what do you think? You like income? Thanksgiving was this week. What do you think about.
[00:52:02] Speaker C: No, I like nothing. I say no to everything. Oh, I love income. And it was wild too because this, this person in particular made it very clear from the beginning they wanted income. And they even had products where the whole benefit was income, like stuff we would do. So they had it already. Why isn't their advisor telling them to use it? It makes no sense to me. How did they not have a full overview in. In something and you know, multiple brokerage accounts in the same tax code. Why do you need so many more codes? It doesn't. Things don't make sense when we see clients with or people coming in that have products and no plans. Things just don't make sense. So we like putting plans together.
[00:52:49] Speaker D: That was easy. You got me away from dead people with that and I appreciate that. Now why don't you take us out? Because I think I ran out the clock.
[00:52:56] Speaker C: All right, well, anyways, again, we hope you had a really great Thanksgiving.
That's it for today's show. If you like what you heard, have questions on any of the topics today, or you want to sit down with us to review your personal financial situation, you can reach us@team anothermoneyshow.com or find us on the web. Anothermoneyshow.com find us on YouTube. Look us up another money show. Imagine that. Of course, that's what we're called. Anyways, give us a call. 623-523-0444. That number again is 623-523-0444. Remember, there's no minimums. There's no cost for appointments. There's nothing to lose by getting a second opinion on your financial situation. Again, we'll see again next Saturday at noon and for some of you at 5am right here on 960 the Patriot.
[00:53:49] Speaker B: Thanks for listening to another money show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free no obligation consultation, visit anothermoneyshow.com investment advisory services offered through Brookstone Capital Management, LLC. BCM. A registered investment advisor, BCM and Rochford Financial 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. Investments involve risk and unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.
At Rochford and Associates, we know the road to financial freedom is not a straight path and the journey is different for everybody, every family. And in times like these, we want you to feel confident that you're safely on track to meet your retirement goals.
[00:54:43] Speaker D: We want to ask you to prepare for economic chaos. We want you to prepare for bank volatility. We want you to ensure and protect your assets with a smart plan.
[00:54:51] Speaker B: Our team can help you make the most of your hard earned savings using strategies that are right for you.
[00:54:57] Speaker D: I want more people to sit down with us when we talk about a financial plan. It's different for every person we meet. We tailor make our plans.
[00:55:06] Speaker B: Schedule your no obligation consultation today by calling 623-523-0444. That's 623-523-0444.
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