Whether we’re talking about gall bladders or the SECURE Act 2.0, there’s really no such thing as over-sharing. Right? That’s why on this episode of Retirement Equals Freedom, Host Josh Bretl is diving deep into both topics! In addition to finding out how he’s faring post-surgery, we’re also getting a thorough debrief on the many (in some cases subtle) new SECURE Act provisions adopted by Congress at the end of 2022 – many of which may impact how we manage our retirement accounts and other savings vehicles.

You’ll learn about an adjustment to age limits for required minimum distributions (RMDs) and why tax strategy is key to maximizing assets in retirement. It’s all about being proactive, says Josh: “I like when my clients have control and there’s nothing raining over that could spoil what we believe could be the best part of their lives.”

There’s something for everyone as Co-Host Dave Schmidt takes us into the finer points of his all-time favorite video games and ponders a photo tribute to the gall bladder polyps Josh’s astute doctor sent packing.

In addition to learning all the latest and greatest information about SECURE Act 2.0, you’ll enjoy another round of #Dave Relates to Retirees (aka DR2R) and find out which podcasts our hosts are loving these days. And don’t forget to stay up on all the latest by signing up for the show’s weekly email at this link!

This episode was fueled by Cometeer Coffee, both iced and hot!

Click here to learn more about or listen to previous episodes of The Retirement Equals Freedom Podcast. And don’t miss out on the conversation over at our new private Facebook group, which you can find here.

Click here to explore the services that FSR Wealth Strategies offers and schedule a discovery call with one of the team’s CPAs. When it comes to living your best life, it’s never too early to get started!

Whether we're talking about gallbladders

or the Secure Act 2.0, there's really no such

thing as oversharing, right?

In addition to finding out how Josh's faring post-surgery,

we're also getting a thorough debrief on many,

new secure act provisions adopted at the end of 2022.

To be quite honest, it doesn't have quite the

sweeping changes that 1.0 had, but it is pretty massive still.

So, here's the biggest change, SECURE Act 1.0,

it changed the RMD age.

It has been 70 and a half for years.

And Secure Act 1.0, increased that to 72.

Secure Act 2.0, effective 2023, raised that to 73.

You'll also learn why tax strategy is key to

maximizing assets in retirement.

Because it's a forced income upon you,

that means that more of your other assets could be taxed.

That could raise your capital gains rate.

It could change how much of your social security is taxed.

It could put you in a higher tax bracket.

This gives you more time to take advantage of tax

bracket management, to utilizing the tax brackets.

And another opportunity for you to take back some

control away from Uncle Sam.

We want your retirement to be the

best part of your life.

In order for that to happen, you need to be proactive and

you need to own your retirement.

I like when my clients have control.

I like when there's nothing raining over them that could

spoil what we believe could be the best part of their lives.

Own it, baby.

Own it, baby.

This is The Retirement Equals

Freedom Podcast.

The host of the show, Josh Bretl, is the owner

of FSR Wealth Strategies.

For the last few decades, he's been helping fine folks

like you make retirement the best part of your life.

And me?

Hi there, I'm Dave.

Josh's longtime friend, co-host, and fan of

SpaghettiOs with Meatballs.

All right, my intro has gone on long enough.

Let me let you let me, end this introduction so we can

learn all about secure Act 2.0.

FSR Wealth Management is a registered investment advisor

located in Elmhurst, Illinois.

Information and opinions contained in this audio

have been arrived at by FSR Wealth advisors.

All information herein is for informational purposes

and should not be construed as investment advice.

It does not constitute an offer, a solicitation or recommendation

to purchase any security.

FSR is not providing legal, tax, accounting, or financial

planning advice in this audio.

These views are as of the date of this publication

and are subject to change.

Let me get into the beatbox.

So Dave, last week.

Yeah.

I had the pleasure of, oh, it's two

weeks ago now, I think?

When did I have my gallbladder ripped out?

Two weeks ago.

Yeah.

This was planned.

I had it scheduled, I don't know, a month,

month and a half out.

And I wasn't having gallstones, but it needed to come

out for medical reasons.

And I never had surgery before.

So, I was at Elmhurst Hospital.

It went laparoscopically.

I started at 9AM.

I was home in bed, minus one organ, at 1PM that afternoon.

That's efficiency.

It was amazing.

they have you all anesthesiad out and everything, and they

wheelchaired out, and I remember thinking, it's kind of weird

to leave the hospital with less organs than you came in.

Now, how do you know that you left

with no less than one?

How do you know that?

It's a good question.

I have no idea.

It's in my medical records.

I got the hospital bill really fast, and

that was kind of crazy.

And I only got billed for one removal, so I

guess that might be it.

So, my kids, they know what a bladder is because it helps

them pee, and we have kids who are at the age where,

if there's some sort of joke about a bodily function,

they're going to make it.

They have no idea what a gallbladder is.

So when I got home, A, they were surprised I could still pee.

And B I'm also a human jungle gym, as you I'm

sure are to Landon at home.

And one of the few requirements I had afterwards was, don't

lift anything more than eight pounds, and that means my

children, without a doubt.

And Alex was walking around telling everyone

I had a bladder infection and it had to come out.

So, it was kind of funny.

I mean, you have some bottles of wine that

weigh more than eight pounds.

I've seen your cellar.

So, how do you handle that situation?

Well, one of the things you're not supposed to do

very heavily after gallbladder surgery is drink alcohol.

So, we've just not been having it.

So, that works.

Well, Josh, we're all thrilled that

you're feeling better.

And look, I'm going to say it.

You lost some weight and you look great.

I did.

Actually, I think people are freaking out

that I've lost weight.

My parents have been in Florida since Christmas, and

they came back this week and they're like, "Oh my God,

you've lost so much weight."

I think they're worried it was the surgery.

I had actually lost a lot of weight before the

surgery, actually trying.

I just didn't look like it.

Now they ripped an organ out and I've continued to lose

weight, which is intentional.

This isn't some sort of medical thing.

No, I just found it weird that my wife scheduled

me for a gallbladder surgery and I don't even need it removed.

Oh, Carla.

Oh, Carla.

I have decided to stop making comments and references

to our new podcast table.

I'm doing it right now, but this is the last time,

because we are continuously disappointed by our vendor.

So, here we are.

Video, people, which is coming in 2023.

Excited.

We're still at the same old, same

old boring table for now.

So, one more fun thing.

You and I just attended a baby shower.

We did.

Yeah.

So, Brian from my office, our office, his wife

Anna is expecting their first on Valentine's Day.

Yep.

It's all the little boy, they're having a

baby boy, and all the books.

And it kind of brings back the memories of the

books we used to read.

Afterwards I messaged Carla and I said,

"We just had the baby shower," and I said, " Brian got a Baby

Brezza from Josh and his dad."

And I'm like, "That brings back so many memories."

And Carla and I, we can't remember what we had yesterday

for lunch or breakfast, but she remembers that the first time

our Baby Brezza broke down, I drove in a snowstorm to Buybuy

Baby to get a new one, because that's how desperate we were,

because that thing was awesome.

So then we started reminiscing and like, yeah, you miss those

days, but you kind of don't.

There's very few random small appliances that

I recommend, that I will be like, "You have to buy this.

It's the best thing ever."

One is a Pizza Pizzazz.

I was just going to say.

One's a Pizza Pizzazz.

It revolutionizes frozen pizza.

And two is the Baby Brezza.

If you're having a baby, this thing is unreal.

And we had twins.

It was literally a lifesaver.

Oh, without a doubt.

The Pizza Pizzazz did to pizza and other frozen

goods what the Mike Tyson Grill, what was it called?

No, the George Foreman.

George Foreman Grill did to processed meats.

I mean, it's revolutionary.

By the way, we need to get one of those in the office, Josh.

A Pizza Pizzazz or a George Foreman?

Yeah.

A Pizza Pizzazz.

50 bucks.

Well, I actually have a Pizza Pizzazz

dilemma a little bit.

Oh no.

Yeah.

People tuning in for Secure Act 2.0, because, when you

wrote this out, and we're talking Pizza Pizzazz and

babies and gallbladders.

Yep.

It all ties together nicely.

We're going to wrap it together with

one big bow at the end.

But you know we're redoing our kitchen, and we have had our

Pizza Pizzazz now for 20 years.

We got it before we were even engaged, and we just celebrated

our 18th wedding anniversary, so we've had it for about 20 years.

It just broke.

No.

It just broke.

Just, the motor wasn't turning on it anymore.

I mean, we use this thing all the freaking time.

I mean, it was an integral part to our lives.

And we're good cooks.

This was an integral part to our life.

And now the question comes, as we put our new kitchen

back together, do we include the Pizza Pizzazz?

Here's my advice.

And Missy, you're not going to listen to this,

but Josh can tell you.

It's either a Pizza Pizzazz or a pizza stone

oven in your backyard.

It has to be one of the two.

Whatever you go for.

I got a story for that one too, came up this

weekend, but I don't know if we have time for that right now.

Maybe episode 32.

Yeah all right.

Are you surprised that I've heard nothing about

Secure Act 2.0 being passed?

I'm being somewhat facetious here.

Because it seems pretty important, but yet no

one's talking about it.

Well, it's pretty important, but you also

just read Tim Burton news.

Yeah, that's true.

There's not a lot of news that you

watch that I think will be relevant to Secure Act 2.0.

I don't like the kid, but he's got a point.

I mean, I like you when you have a point,

because Secure Act 1.0 got a ton of press and 2.0 did not.

It did not get as much of a press.

And to be quite honest, it doesn't have quite the sweeping

changes that 1.0 had, but it is pretty massive still.

It's quite the bill.

Now, to be fair, it was passed right before

Christmas, or a few days before.

Yeah, I think we've been talking about

it for so long that people are just tired of it.

December 29th, it was actually right before New Year's.

Oh, okay.

So, I mean, this is brand new.

And we're still digesting a little bit, but

there's a lot in there.

And just to recap, we did an episode,

it was podcast episode 21, where we talked about

the first Secure Act.

So, recommend you go back and listen to that

and then come back here.

Now, that was back in September.

And I only know that because Erin put notes in here for us.

When I read this, and I'm going to apply the Secure Act

2.0 to retirees for the most part, and what does it mean to

them, and how does it impact them and their retirement?

And where we can, we'll make some suggestions.

But like every good educational topic, please

make sure you talk to someone who knows your situation.

If you have questions about it, don't wait.

I mean, this can make a major impact and it can

have some benefits too.

So, as we talk to all of our clients, it's kind

of fun to see how we can incorporate these different

things into their lives.

Should they email me with questions?

Oh yeah, without a doubt.

Yeah.

Do not email Dave financial questions.

Secure Act 2.0, December 29th.

And a lot of it expands upon the original Secure

Act 1.0, and Secure Act 1.0 is a pretty big difference.

So, here's the biggest change, and we're going to spend the

most time talking about this.

But Secure Act 1.0, so, the original Secure Act, I mean,

the OG, it changed the RMD age.

So, let's take a step back and talk about RMDs.

RMDs stands for required minimum distributions.

That is the age at which the IRS requires you to start

taking money out of your 401ks and IRAs, and they do that so

they can collect taxes on it.

It has been 70 and a half for years.

Decades and decades it's been 70 and a half.

And Secure Act 1.0, the increased that to 72.

Secure Act 2.0, effective 2023, raised that to 73.

So, for people who were turning 72 in 2023, you

get a year reprieve.

And not four people, F-O-U-R.

For all you people that turn 73.

I just had to make the distinction.

I'm going to guess there's more than four,

F-O-U-R people, that are going to turn 73 this year.

I'm just clarifying.

You never know.

But thank you for the clar-

Sure

Email Dave your financial questions., He'll

clarify it just like that.

But if you turn 72 in 2023, you do not have to take an RMD.

All right?

You do not have to take it.

Now, if you turned 72 on December 31st of 2022, you

still have to take your RMD.

So, that's the rule there.

And that makes sense to you, because you will

be 73 in 2023 anyways.

But that goes in 2024 now.

Anyone who turns 73 will be taking their RMD at age 73.

Now, they went one step further and 10 years from now, I mean,

they made a law that changes an age 10 years from now.

But 10 years from now, the age goes up to 75.

To me, that's kind of funny.

Do you think that's going to stick?

Do you think 10 years from now, people are going

to be like, "Surprise."

Like, "Oh, we forgot this age changed."

So, what do you do about this?

How do you take advantage of this?

And, Dave you know my big thing on control.

I always tell people you want to have control of your situation.

You want to control your future.

And in fact, our entire retirement planning process,

we call it your own your retirement planning process,

so that you can take control and own your own retirement.

And one of the things that is your biggest risk is taxes.

I mean, the obligatory...

Hashtag tax nerd.

Thanks Al.

But And the government does have a lot of control over you.

So, these RMDs are one of those.

They will force you to start taking money out.

So what does that mean?

Well, because it's a forced income upon you, that means

that more of your other assets could be taxed.

That could raise your capital gains rate.

It could change how much of your social security is taxed.

It could put you in a higher tax bracket.

There's all sorts of things that could occur.

So, what this does is gives you more time to plan.

This gives you more time to take advantage of tax

bracket management, to utilizing the tax brackets.

And this age is another opportunity for you to

take back some control away from Uncle Sam.

And earn an extra year of interest, right?

You know what, Dave?

That is actually a common misconception and it

doesn't really do that.

The biggest thing it does is it saves you one year of tax on an

RMD, if all else being equal, if you don't plan for anything.

So, the RMD age change is really big.

And what they didn't do here, what I expected them to do,

was change the stretch rule again, but that did not happen.

So, that was kind of a good thing.

So, this was kind of something that Congress

actually helped you with.

This is a good change for most retirees.

Have you come across these changes

recently with your clients?

Have you started planning for these changes already?

We've been talking about them.

I mean, we're recording this in the third week of January,

so we haven't had a lot of chance to implement it.

But we have a client, they are 10 days apart in age.

Her husband turned 72 on December 28th, and she

turned 72 10 days later.

Now, he has to take his RMD, she does not.

And she's on top of this and she emailed us right away

and said, "Does this mean I don't have to take it?"

And we said, "Yeah."

Actually, it did change our planning for her because if

you have to take an RMD, you want to plan that into cash

flow and do all that stuff.

So, it was really interesting.

It was kind of fun to get that.

But no, we are actively starting this already.

And most of the plans that we do, the own

your retirement planning process takes taxes into

consideration heavily anyways.

And what this does is this actually gives us a little bit

more control, which is fun.

And you love control.

You just said it.

I don't love my, actually, I do.

I'm a control freak.

But I like when my clients have control.

I like when when there's nothing raining over them that could

spoil what we believe could be the best part of their lives.

Own it, baby.

Own it, baby.

Now, some other changes that occur, and I'm going

to stick with the RMD front.

This is minor, but if you did not take your RMDs, the penalty

for not taking it used to be 50% of the RMD plus the tax.

So if your RMD was five grand.

Let's use a bigger number.

A hundred grand.

Is that even a thing?

Oh yeah.

We have clients with hundred grand RMDs all the time.

Whoa, okay.

Oh, they'd have a $50,000 penalty?

$50,000 penalty for missing it.

So, on 10 grand, it's a $5,000 penalty.

Even that, that's not a small penalty.

I mean, five thousand's a big deal.

And 50 was the biggest penalty the IRS imposed.

Now, what they've done is they've reduced it to 25, and

if you actually fix it, they'll reduce it even farther to 10.

Now, this looks like a good thing, but most people who don't

take their RMDs just forget.

And the IRS was actually fairly friendly with this.

The first time, they would usually waive the

penalty if you made it up.

If you talked to them and said, "Oh, I'm so sorry, I

won't do it again," they'll just say, "Don't do it again,"

and they'll waive the penalty.

But they've dropped it to 25 and they've actually put some

caveats in how much they're going to reduce it even further

if you actually do fix it.

So, I think what's going to happen is they've

lowered the penalty, but I think they're going to

enforce it a lot more now.

Yeah, makes sense.

Get that 10%, right?

Yeah.

So, they're going to make sure they actually

get your RMD there.

This next one is also big for more pre-retirees,

especially those that got my Illinois tax tip on the

401k contribution podcast.

Hashtag Josh tips.

But they've changed the catch-up contributions.

And this one's kind of fun.

In 2023, if you're over age 50, you could actually

save an additional $7,500 annually into your 401k.

And that's, they've always said that at over age 50.

But now, they've added some additional layers.

If you're over 62, 63 or 64 in 2023, the catch-up

amount increases to $10,000.

And that means you could defer a total of over 32,000

bucks in your 401k and 403[b].

Now, that's a big deal.

Not only is that a big deal, I'm glad I have

show notes because I'm sitting here thinking you said ketchup.

Like Heinz ketchup.

"You can save $10,000 in Heinz ketchup?

My goodness."

Thank goodness Erin came up with these notes.

Yeah, thank goodness.

It is not the K-E-T ketchup.

It is the catch, like a ball.

Catch hypen up.

Yeah, catch-up.

Like when I would start running down the street.

"Come on Dave, catch up.

You're not that far behind."

yeah, right, because, I mean, you are swift.

So fast.

Some other things that, if you're still working,

and now, remember, the catch-up contribution was

important because, again, you're tax arbitraging

in your working years.

Tax arbitraging.

Erin didn't put that word in the notes.

Man.

Guy has one gallbladder removed and all of a sudden he's Mr.

Thesaurus.

That's has never been my nickname.

But they've also freed up some privileges to Roth

401ks and Roth 403[b]s.

So, there is some rules now where companies can also make

their matching contributions as a Roth, which will

benefit a lot of people.

And then, the other thing with Roth 401ks.

It's funny, Roth IRAs have never had RMDs.

There's no RMDs for a Roth IRA.

You can leave it in there as long as you want.

But Roth 401ks did.

So if you had a Roth 401k, you did have to do an RMD.

And they've gotten rid of that, so now, those rules equal

the Roth IRA rules, which I think is probably a good idea

and will save some confusion.

This next one probably will impact younger people.

So, maybe our listeners' children, or if we have

some young hip listeners.

But student loan matching.

Student loans have become a really big deal, and it's going

to allow companies to match...

If people can't put money into their 401ks or 403[b]s because

they're paying off student loans, that means they're

not getting the matches that companies provide for that.

So, this allows people to spend that money and pay

off their student loans, and still get the matching

contributions with that.

I feel like this came up recently.

Was it on our last podcast we were talking about this?

Or maybe, I don't know.

So, what you're saying is an employee can make a student

loan payment and their employer may match that student loan

payment and match their 401k to whatever their rules are?

So, let me use an example here.

If you were to pay $3,000 to your student loan and you don't

put money in your 401[k] because you need to pay off your student

loan, that would eliminate your ability to get the $3,000 match

if your company allowed one.

But it makes the rules where the company can

still give you the match.

Now, it doesn't go to pay off your student loan, but it does

go into your 401[k] there.

But it's a pretty cool thing.

It's out there.

I see.

And so, that's why you said it applies to younger

folks because, yeah, typically retirees won't

have a student loan still.

Unless, of course, they've taken the same

harmonica lessons as me.

Oh, you took expensive harmonica lessons.

200 grand in debt because of it.

But you now, I mean...

I can play Hot Cross Buns

like nobody's business.

The last one here, and the last little nugget

has to do with 529 accounts.

This is not a retirement account.

529s are college savings vehicles.

And they are tax-free college savings vehicles.

So, what happens is a parent or a grandparent, or sometimes

even yourself, you would put money away, like a Roth IRA,

and it would grow tax-free.

And if you took it out for college or some sort of higher

education expense, that money would all come out tax-free.

Now, the problem was if it didn't come out for

an educational expense, the growth was taxed and

you paid a 10% penalty.

So, people were nervous, like, "What if my kid

doesn't go to school?"

Or, "What if they don't use it all?"

And it was hurting them saving for college.

So what they did in this, and this is kind of a neat

thing, is if your 529 is more than 15 years old,

you can actually roll, and this is limited to 35,000

bucks, it's a lifetime limit, 35,000 bucks, to a Roth IRA.

Penalty-free?

Penalty free, it's pretty cool.

So, that actually does two things.

It makes 529s, in my opinion, a little bit more valuable,

as well as give you some freedom of flexibility

afterwards with that.

So, assuming the laws for Secure Act 2.0 stay

in place, if we were to start a 529 for Landon, then when

he turns, whatever, 18, 20, well, 15 years, 23, and he's

not going to college, he could just roll it over into a Roth?

Yeah.

You could roll it right into a Roth IRA for Landon.

If he doesn't use it for school, he can use

it for his retirement.

Because he may follow in my footsteps and

be professional Rampageist.

You never know.

You never know.

Kids these days, you know what I'm saying?

Rampage as in the Nintendo video game?

Yeah, we talked about that last week.

I'm going to be a professional Rampageist.

That's how I'm going to turn my hobby into a moneymaking thing.

Remember?

That was your question from last week.

Now, it was a day before having your gallbladder out.

You may have forgotten.

Maybe I was nervous.

Maybe I didn't hear you.

Maybe.

But you said, "If you had to take one hobby and make money

from it, what would it be?"

And I said, "Playing Rampage."

it was forgettable, apparently.

Oh, apparently.

Well, Michael in our office thought it was a great

idea and he's going to help me start my own Twitch

channel, whatever that is.

Well, Rampage is a great video game.

Great.

Greatest ever.

Wait, did you just commit to getting one in the office?

No.

Oh.

Because they're only...

Okay.

Well.

It's a great video game.

I don't play video games.

You're the video game athlete in this relationship.

That's true.

I'm going to give one last thing, and I don't

know enough about this to go in depth, in detail, but it has

the potential to be really neat.

Qualified charitable distributions.

This is a tax savings tool that we've used for a long time.

It allowed you to take your RMDs and donate them

to a 501[c][3] charity.

So, it allowed you to get a bigger tax deduction.

It helps you quite a bit, tax-wise.

But you weren't allowed to donate it to, there's a lot of

charitable trust and there's some really cool charitable

planning to do with charitable annuities and things like that,

but that was not eligible.

Well, a lot of them have become eligible now.

So, this makes some charitable planning outside of your

IRAs a lot more beneficial.

So, we will be digging into that quite a bit as we get

into Secure Act 2.0 and all of its exciting parts.

Dave Schmidt:

Sounds like a hoot.

Dave Schmidt:

We got 529s and Pizza Pizzazzes and QCDs, right?

Dave Schmidt:

That's the acronym for what you just said.

Dave Schmidt:

I mean, I don't know, but-

Dave Schmidt:

Yeah.

Dave Schmidt:

What?

Dave Schmidt:

What?

Dave Schmidt:

Okay.

Dave Schmidt:

Hey Mr.

Dave Schmidt:

Josh, let's take a break.

Dave Schmidt:

You've been talking for so long and my ears are sore.

Dave Schmidt:

Let's not make them snore.

Dave Schmidt:

Listening shouldn't be a chore.

Dave Schmidt:

So let's get to know Josh and Dave and watch our ratings soar!

Buggawww!

Oh, yes.

I like it.

Spice it up a little bit there, hey Josh?

No, I don't remember what I did last time, so-

But you said like "Buggawww!"

with a B, like "Buggawww!"

as opposed to like "Kakawww!"

I like it.

I think you're starting a trend.

Well, it was a different bird this time.

Oh, right.

birdnoises.com.

So, when this goes up onto a video

podcast, and people see our beautiful table and my

giant freaking water bottle.

Dave normally has these pod decks where there's

random questions in here that I pick out and I ask.

And some of them are really inappropriate, but

I didn't open it this time.

I actually came up with my own question.

Dave Schmidt:

Aren't we fancy, Mr.

Dave Schmidt:

Tax Guy?

That I'm going to ask you.

All right, yeah.

And here's the question.

Let's hear it.

I want you to recommend one podcast to our

listeners, and it can't be ours because they're obviously

listening to this already, that you think they would enjoy.

Wow, what a hard question, because

there's so many genres.

Just one.

You can only pick one.

I'm now going through my podcast list to see what I got.

Yeah, there's so many at top of mind.

This is really hard because I'm an avid podcast listener,

as are you, and there's so many different genres.

And I mentioned it in an earlier podcast, but Bone Valley.

Gilbert King has written a previous book called, I

think, Murder in the Grove or something like that.

But Bone Valley is a fantastic piece of storytelling about

a wrongfully convicted individual who's been in

prison for the last 35 years.

It is just so well done on every level.

It's heartbreaking, it's infuriating, it's uplifting.

It's everything.

Bone Valley.

That's a fun one.

I like that one.

Yeah, it's I guess technically a true crime.

Although, I mean, not to spoil anything, but they solve

two murders in this podcast.

So, I really thought you were going to do SmartLess.

I really thought that's where you were going

to go with that one.

So, I didn't pick that one.

I went with one, and I just started listening to this one

in the last couple months.

It's called Revisionist History by Malcolm Gladwell.

So, Malcolm Gladwell has written a ton of books, I think

University of Chicago economist.

Fascinating guy.

But what he does is he and his team go out and they find

specific topics, kind of like his books, and they research and

produce the heck out of them.

And he does a great, they're about an hour

long, a great story.

I mean, you learn so much and it's fascinating.

You usually feel good afterwards.

I like feel-good podcasts.

But it's really, really interesting as you dig

into the inner workings of different things.

Sometimes what you think to be true isn't always

true, including in history and stuff like that.

So Revisionist History I think is fascinating.

It's a fun podcast for anyone to listen to.

I've heard that name before.

When you said it, I think, Revisionist, I think of

a fictional podcast, like they're going to take a

story that we all think we know the story to and then

put their own spin on it.

But doesn't sound like that's necessarily...

No.

Sometimes it's what happened in the past, like a big

event, and they want to know, did it change history?

Is something different because X happened?

And they go back and they analyze what's different, how

it's different, stuff like that.

It's really cool.

It's a neat podcast.

He actually, did I tell you he reached out?

He's going to do an episode on the Retirement Equals

Freedom podcast in 10 years, and just how much

we have changed history.

Wow.

Yeah, I know.

We're pretty awesome.

That's amazing.

I mean, he's writing it before we even revise history.

I know.

It's so meta.

Speaking of which, Dave relates to retirees, yeah!

You had to stop me from talking

over at the end of that.

You were about to.

Oh yeah, without a doubt, because

I got to get my word in.

Dave and I right now are sharing an office that

doesn't have a table in it because the vendor won't

give us the table apparently.

You wouldn't mention it, but I'm getting a little bitter.

But I walk in here, and Dave was taking notes on

the podcast show notes, and I saw him working on it.

And he says, "DR2R."

And I look at him.

I was like, "What?"

"DR2R."

I go, "What's DR2R?"

He goes, "Dave relates to retirees."

Wait, are you?

Hold on, are you-

I was impressed by it.

I never heard that before.

No.

Oh my gosh.

This is two times, one episode.

You made a whole spiel about this last episode.

Oh yeah, I did.

I remember now, it's on your notes.

Oh my gosh.

So you really were not in the right state of mind

in episode 30, clearly.

No.

People have to realize, when I do the podcast, once we

finish hitting record, you take it from that point forward.

Yeah, it's true.

Until it releases.

I don't hear it until all of our fans hear it.

Okay, that's true.

And so, you spend a long time listening

and editing and I don't.

So, it goes completely out of my mind.

And I actually haven't finished our last episode yet, so I

haven't gotten to that part yet.

I apologize.

That's fair.

That's fair.

So Dave, give me your DR2R.

Oh, DR2R.

This is, again, like last week, this is a really simple thing

for me because I get retirees on a very deep level here.

Ramageist.

Like every good DR2R, I have to stack my papers

because it's going to be deep.

But Secure Act 2.0, I feel like we mentioned it earlier.

If you're not really paying attention, or if you don't

have somebody paying attention for you, it could have

slipped under the radar.

Josh mentioned it's not really sweeping, huge changes that

happened like Secure Act 1.0.

But they are subtle changes that could make a huge

difference in any number of things financially-related.

Two of my favorite video games, I said it, I'm going back to

video games, ToeJam and Earl.

There's a video game called ToeJam and Earl?

ToeJam and Earl.

Did that come up when we were kids?

Yeah.

Oh yeah.

And I'm going to go with Rampage again.

But these two video games, they were very, and are

very, simplistic, are, because I still play them.

Where, there'd only be maybe 15 to 20 different,

air quote, "worlds."

But every time you would visit the world, some

things would be different.

The hidden paths would be different, the enemies

would be different.

And it's so identical to the Secure Act 2.0, where retirees

are pretty comfortable with the changes in 1.0, right?

But if they're not paying attention, boom.

2.0 sneaks up and hits them.

Either you got to be paying attention yourself, or

have a really good advisor.

In my case, I was the advisor to my sister Julie, whom was

kind of like you, the retiree.

I was an expert.

She would play ToeJam and Earl with me.

And if she wasn't paying attention.

Did you just insult the retirees?

No, not at all.

Why would I?

I was worried.

You compared them to Julie.

Are you in trouble?

I even thought, "Oh, snap."

So, I was like Julie's advisor with this.

I'd be like, "Jules, look.

You think you may know this world, we were just here.

But there's some different things.

There's an oogie boogie over there.

There's one of those fat opera singers who's going

to knock you off the stage.

There's the lawnmower man who runs around."

So, I get it.

Familiar with ToeJam and Earl.

Familiar with Rampage.

But, I'm not paying attention, I can get hit.

I don't know if that laugh was because you're just like,

"Wow, Dave nailed it," or if you're like, "How the heck am

I going to Full House this?"

You know, as you were talking, I was

also thinking, how can I go back full circle from

our rambling beginnings?

And I'm going to do it.

I never doubted you.

So, they found out I needed to have my

gallbladder out because they were looking at something else.

And as they were imaging my stomach, and they weren't even

looking at my gallbladder, but they said, "Hey, that

young fellow's got some polyps on his gallbladder."

Lucky for me, those doctors were paying attention.

They said, "Hey, we're going to monitor that."

Well, the polyps got a little bit bigger and they

said, "Young fellow, you got to have those polyps out."

And really, they wanted the whole gallbladder.

Like your ToeJam and Football or whatever.

ToeJam and Earl.

ToeJam and Earl.

I didn't know what I was looking for.

And luckily, my doctor did.

She's amazing.

And she was very calming.

And she said, "These are the things you're

going to have to do."

Lucky for Julie, that she had you to walk her through where

the oogie boogie was going to be in ToeJam and Earl.

And to make it a much more realistic, real world example,

you actually hit the nail on the head when you said a

retiree who has an advisor looking out, and how you can

be aware of changes that occur.

And when a change occurs, and changes occur all the time,

you either are going to take advantage of it or it's going

to take advantage of you.

And when you have that good advisor, you can make sure that

something like Secure Act 2.0 isn't an oogie boogie that is

going to come out and get you.

And so, when we say that our mission statement is to

give clients the confidence to make retirement the best

part of their lives, what we mean, a lot of that is that

you watch the whole picture.

There's all sorts of things that could come on.

And we love to stand by their side and make sure that even the

oogie boogie of Secure Act 2.0.

And the mailbox monsters and the

rabid chickens that get you.

Oh, we don't do anything with rabid chickens.

Nothing.

Don't want to mess around with that.

No.

So, that was a great full house moment.

I'm going to lighten things up here.

Have you noticed when we send out those podcast

email club emails, that I usually put a random

montage of images in there?

Yeah.

It's really cool.

Yeah.

So, the montage is usually about the fun things

that we talk about.

So, ToeJam and Earl is definitely going

to be in the montage.

Should I put some images of your polyps in there too?

My gallbladder polyps?

I mean, do we have any images of your

gallbladder after it's removed?

Like it's super gory and gross?

Some more behind the scenes stuff here, and this is

kind of fun for our listeners, if they're not looking at

the emails or the show notes inside of each show page.

We have a lady, Leslie, who listens to all of these and she

writes up the show notes for us.

And I've never met Leslie one on one, but she takes

what we do and she makes it sound really, really good.

I can only imagine what she's going to do with this episode.

But she makes these amazing notes, and with your montage

and also all of her notes, it has links to every single

thing that we talk about.

So, if people aren't visiting the show page or reading the

emails, this is a reminder.

Sign up for the Retirement Equals Freedom Podcast Club

emails, because Dave puts a lot of work into them

and they are fantastic.

They're very entertaining, probably more

entertaining than our show.

And rumor has it in the next few months, they're

going to be even better.

I won't go into that now.

Is that when our table gets here?

Yeah, right.

FSRwealth.com/podcast.

Dear friends, dear friends.

Please get onto our email club.

Let's just say Josh and I have more time together

these days and some fun things will be happening.

He may not know about them, he may not approve of them, but

they're going to be happening.

Or if you told me, I forgot about them

apparently, like our last DR2R.

Yeah.

It's true.

You know what I haven't forgot about?

These Girl Scout Cookies I ordered from

your daughter, Maggie.

When can I expect them?

We have so many random stories in this podcast.

So Saturday, Missy, my wife is in charge of the Girl Scout

Cookies for the entire troop.

And Saturday is when she picks up the Girl Scout

Cookies for the whole troop.

And we have to be able to pick up somewhere around 1900

boxes of Girl Scout Cookies and bring them back to our

house on Saturday morning.

Wait, that number's made up.

No, it's huge.

It's a huge number of Girl Scout Cookie boxes.

So, I'm going to guess next week, Dave, you're going

to have Girl Scout Cookies.

I was just about to do this.

Why must you needlessly complicate everything?

But when you dropped that 1900 number?

It's a stupid number, what she told me.

I ordered four and I thought that was a lot.

I'll try and take a picture of our

living room after she picks these up so we can see it.

It's unbelievable.

I can't wait.

I can't wait.

Well, I look forward to the Girl Scout Cookies, especially the

new one that they introduced.

I bought a box of them.

It's the brownie shoved inside of a cookie.

There's another new one that's being

released on the second wave of Girl Scout Cookies.

I didn't know, there's two waves.

There's an in-person ordering wave and there's an

online, I'll ship it to you ordering wave, and it's a

raspberry chocolate cookie.

Oh, it looks amazing.

Oh man.

Good thing I still have my gallbladder.

Debbie, I hope you have your gallbladder and I hope you

ordered your Girl Scout Cookies, because we are going to say bye.

Bye.

Thin Mints, Tagalongs, Do-si-Dos.

I like Thin Mints in a freezer.

Samoas.

Yeah, Thin Mints in a freezer.

One or two of those at the end of the

night is just the best.

Oh man.

The best.

Oogie boogie boogie.