IRA Cafe Webinar

all right it is time to get this party started uh this webinar is being recorded and the link to the recording on Northwest YouTube channel will be shared with everyone once it is ready hello and welcome to our webinar Ira Cafe a beginner's guide to individual retirement accounts this webinar is part of Northwest Financial Wellness series my name is Denise kitchen and I'm one of the relationship managers of the retail sales and service department our department manages the Partnerships the credit Union has with organizations so that they can offer credit union membership as part of their benefits package to their employees members and volunteers first off thank you so much for your interest uh in our webinar today and secondly I would like to go of over some housekeeping items everyone is muted and we ask that you hold your questions until the end of the presentation and then ask them via the chat feature when we get to our Q&A session you can find the chat feature on the very bottom right of your screen it has a little bubble next to it if you don't want to post your questions here email addresses will also be displayed at the end you can use your reactions button however at any point during the presentation to let us know how we're doing there's a little smiley face on the bottom of your screen that you can click on and let us know how we're doing throughout also uh we will be raffling off a $25 Visa gift card after our Q&A session at the end so please make sure you stay tuned until the very end now without further Ado I'd like to introduce our esteemed panelists Joanna Wilbur our Ira trust and estate accounts manager and Chris Greenhill our private relationship manager and Chris uh is going to get us started today so Chris please go ahead and take it away thank you so much Denise um and good good afternoon everyone you know as Denise stated I'm the private relationship manager here at Northwest and I want to first thank you for your time today um and set the expectations of about what we'll be talking about today and on the IRA Cafe um hopefully you'll walk away with a lot more knowledge about Ira um and be more equipped to be able to save for retirement as well um so you probably heard people say that they're looking forward to retirement some even counting down the dates um I've heard retirement referred to as the ultimate vacation and and as you probably know if you want to have a great vacation you're going to need to plan for the trip um so today we'll talk about two different retirement options traditional and Roth IAS um the there are certainly more retirement vehicles but today's Focus will be a beginner guide to IRAs so in the spirit of our lunchtime together today let's learn uh about the two most common tools to build your retirement um we will you know we will show you the differences and similarities of the two IAS and help you determine which best which is best for you so let's get started so we know real sandwich eaters know that bread is truly what makes sandwich great so an IRA which would be our bread is our foundation for savings and we'll talk about the benefits that it brings um when you reach retirement you know you you want to feel secure about you know where you are and you certainly don't want to outlive your savings you know Financial Security for most people means simply being able to pay your bills um buy those little things that make you happy and having hopefully having some left over after that you know most of us are you know won't be fortunate enough to win the lottery so the rest of us is just going to have to work and save because once you get to retirement you generally only have um you only have your retirement accounts to draw from like U your IRA or your employer savings um plan or Investments those things would truly shoulder the load in terms of giving you giving you the income you need for retirement um there's a quote that I heard from a comedian that was asked about his retirement and he said you know I have enough money to last me the rest of my life unless I have to buy something um in the ira um we that we'll talk about today will be great tools for you to save for retirement so that you can buy or pay for something just like um just like starting to build a sandwich is good to start with great bread so what is an IRA an IRA or individual retirement account is an tax advantage way for you to save for retirement so one might ask you know Chris I have a savings account why should I consider an IRA then I can just say for retirement with my savings account um while your money is being saved in an IRA you're not paying taxes on this growth until it's withdrawn this allows you to grow your money faster than paying taxes on the growth every year so and this you can really see this in action you can just check out an online calculator and you can just plug in those Fe plug in those numbers and you can really see the difference in tax defer growth versus paying taxes every year on those funds now the magic number that I want you to keep in mind is 59 and a half 59 a half I'm G say it one more time 59 and a half this is the magical number that you need to get those tax benefits out of your retirement account um this this might you know this might be great um you know it it will be great versus saving in a regular savings account um but in IR Ira as a state is going to give you that opportunity to contribute to an IRA and still be able to grow your money more effectively so I want to talk a little bit about how you can add to your um retirement account so you can add up to $7,000 a year um up and this is up from 6,500 last year to to an IRA but wait there's more if you're over 50 you can contribute to $8,000 that's up from 7500 but you can't just stick any amount into these account they there are limits to how much you can contribute each year so now that we've um talked about the bread of the of our sandwich Ira let's dig a Little Deeper the two most common types of IRAs are traditional and Roth IRAs so for even the most season Chef most have had the classic PB&J so we're going to call our traditional IRA our PB&J for today we established that an IRA represents the foundational bread of our sandwich but I want to give you a quick history lesson on IRAs so a traditional IRA is an individual retirement Arrangement established in the United States by the Employee Retirement in income Security Act of 1974 so what happened is Congress identified a greater need for people to save for retirement and created the traditional IRA traditional IAS were created to encourage savings and to reward people um for doing so so who would this PB&J be best suited for so there are Income Limits or rules for the folks who make too much money for Roth IRA which you'll hear about later to still be able to save for retirement also you have to have earned income this is money that this this money that you earn for doing work things that you may get a paycheck for right um I it used to be an age maximum that you can contribute to an IRA but that's gone away now you can continue to to contribute as long as you have earned income and that changed as of 2020 um and if you're not working and your spouse is working you can still do a contribution to an IRA and vice versa so I wanted to touch on one other point you know statistically people are changing jobs 10 to 15 times over the course of their careers and many of those jobs offer 401K plans or 403b plans or any other type of Plans offered through employers um and it's best to max out your benefits there before before contributing to an IRA so don't leave free money on the table when your company is offering you matching funds okay so that's a 100% return right um for you to put in money into your retirement account your at your job and they agree to match what your contributions are but once you reach that that that threshold then you can look at the IR raises options as well so what happens when you leave a job um those 10 or 15 times um you you really have a few options to choose from you can take the money out and pay taxes and penalties on the funds for doing so please please don't do that um you can leave the money where it is um but like I said if you have 10 or 15 accounts floating around out there that might be a little difficult to manage or you can move the money into an IRA um and by doing so this isn't a taxable event and this will allow you to continue to save your money in a tax advantaged way so when you're putting P your PB&J together um you need to know what your ingredients are and now everybody here should know what the ingredience of a PB&J is so let's look at what that is so I'm going to call our peanut butter um our tax defer growth potential this is great because while your money is growing you're not being taxed this period of time between when you add funds and how long those funds are in the account play a significant role how quickly that you can reach your retirement savings Target by not paying taxes along the way as stated your money grows even faster and our jelly is our tax deductible contributions so when you add money to your traditional IRA in a lump sum or or based on your income or you do it on a s you know systematically maybe you have a certain amount going in um once a month or something along those lines um you may you may also qualify to reduce the amount of taxes that you would otherwise pay now so instead of paying taxes now you pay the taxes later for many people this is beneficial because um they may be in a lower income tax bracket in retirement than they were when they're working that can be reflected in how much money that they're drawing out of their retirement account or maybe they relocated to a different state that has different tax laws in place as well so on the previous slide I spoke about contributions to your traditional IRA and how it may be tax deductible so this chart will show you that really show you who can join this club the traditional IRA club and the benefits that they get so the chart shows you that based on your income and how you file your taxes if you qualify to fully deduct um the your contribution or partially or maybe you can't do any um deductions based on your income so if you're single and your income is less than 75,000 a year you get the full deduction of your contributions okay so you'll see that number rise to 123,000 combined um income for married filing jointly okay so you can see the differences there in and what those limits are based on what your income is and how you file so while tax deferred growth and deductions are great ingredients to save for retirement even pbjs aren't free you still have to go to the store you still got to buy that um panut butter and jelly you still got to buy that bread right um so even these things aren't free and we know that the government is not going to let you get something for nothing there needs to be some kind of catches to the program so why do we have these limits why do we have these rules you know because our tax code tries and I emphasize tries to give those who they determin would benefit the most from these type of benefits we all know that everything isn't for everyone people with wealth will ideally always have enough money um to pay those taxes still and have money in retirement folks in with lower incomes are the ones who will need these types of benefits to save for retirement or make it easier for them to do so so we spent some time you know talking about adding money to the traditional IRA and what happens while it's there but what about when you need to take this money out some of us um out here may not need an IRA or need to draw from your IRA um for a longer period than than others um but the government drew the Line in the Sand at age 73 at age 73 they said okay that's long enough um it's time to start taking your money out we want our cut now these um are these required withdrawals are called rmds required minimum distributions okay also remember when you contributed funds to your traditional IRA you potentially received the tax deduction right well now when you take that money out to pay you know you take that money out you pay taxes at your current tax rate but what if you need to take the money out before 59 and a half well if you do um then you're going to have to pay a 10% tax penalty and taxes on the amount that you withdraw but there are a few exceptions to get around that penalty that 10% penalty so here's a list of the exceptions to avoid the 10% penalty notice that I mentioned only mention the penalty here because you can take money out without potentially take money out without paying a 10% penalty but but you still have to pay the taxes you will always have to pay the taxes so let's look at some of these um these options right um so if you're buying your first home or paying certain medical expenses qualifying College costs death or disability these reasons could help you avoid the 10% penalty so we always advise speaking with a tax professional to ensure if you're taking money out of your IRA you should be informed how much you will have to pay in taxes and if you qualify for one of these exceptions so now that we spent time building our classic PB&J and talking about our traditional IRA it's time to kick things up a notch with Roth IRAs and I have the distinct privilege of passing the Paton on to my expert Ira estate and Trust manager Joanna Joanna you can take it from here thank you very much and Chris is going to be doing the driving of the slides for me while I'm talking so today I'm going to tell you a little bit about Roth IRAs Roth IRAs came about in 1997 they were sponsored by the um senator from the state of Delaware uh Mr Daniel Roth and so they named that after him so what uh Chris talked about regarding the the foundational sandwich you know the sandwich that everybody loves everybody has PB&J well this is a little sexier this is the sub right this is the sub with fixings this is the hogy roll this is because what we have here the Roth IRA has some components to it that the traditional IRA does not because one of the things they really wanted with the Roth IRA is that they looked at the fact that people still even though they had a traditional IRA they still were not saving for retirement and what was one of the things that they said why aren't you putting money away for retirement well one if I need it I can't get it and there are some features with the wroth that aren't necessarily the same with the traditional that allow you some some leeway as far as taking funds out of a retirement account the other thing thing is is that the funds that come out of a Roth IRA can are also taxfree so Chris let's go to the next slide so the Roth IRA when the when you start to take that money out this is great for people who would love to have the income that comes out of retirement account come out tax-free remember what Chris told told you about regarding the traditional IRA when that money comes out you have to pay taxes on it you may be able to take a tax deduction when you put the money in but when that money comes out you always have to pay taxes the other thing is is that the Roth IRA is great if you earn less than $146,000 if you're single or if you're married filing jointly $230,000 it's also good that the fact that you cannot however you cannot take a tax deduction for traditional IRA there's some people that they make a certain dollar figure and they can't take a tax deduction for that traditional IRA they might be covered by a pension plan at their job and so they can't take that tax deduction so then they can put that money into the Roth IRA instead and still contribute to that uh employer's uh retirement plan and then when they go to take that money out it can come out taxfree next slide please so like I was telling you the tax advantage tax-free growth potential this has no end date right this has no end date also there aren't any required minimum distributions money that gets put into a Roth IRA because you do not take a tax deduction for it the earnings grow taxfree the other thing about the Roth IRA is this contributions may be taken out at any time for any reason regardless of age so that is a big difference thce the traditional IRA remember traditional IRA you go to take that money out you're under age 59 and a half it doesn't matter earnings or contributions you pay taxes and you'll also get a penalty with a Roth IRA the money comes out if it's contributions and let's say you're 40 years old no tax taxes now you do however if you're under age 59 A5 and the Roth IRA has not been open for at least 5 years you do have to pay taxes on the income that you have made but that still is not pretty that's still not a hard road to hoe in that think about it like this let's say you contribute to a Roth IRA over a three-year period $2,000 a year $2,000 $2,000 $2,000 so after 3 years you now have $6,000 in a Roth IRA if you contribute $2,000 in a traditional IRA $2,000 $22,000 $2,000 you have $6,000 and let's say over those three years okay let's say over those three years you earn $200 okay you earn $200 okay great so in my Roth IRA I ear $200 in my traditional IRA I own $200 if I am 40 years old and I take out $22,000 I pay taxes doesn't matter I pay taxes and I also pay the penalty if I go to my Roth IRA and I take out $22,000 I don't pay any taxes I don't pay any penalty also I can go back to the well and take out another $2,000 once again no taxes no penalty in the traditional IRA taxes and penalty when I go again to the well I take out $22,000 from that Roth IRA no taxes no penalty once again I go to my traditional IRA I take out $2,000 taxes and penalty Okay now what's left in that Ira $200 okay in that traditional IRA $200 in that Roth IRA $200 when I go to take that money out of that that $200 out of that Roth IRA those are the earnings so if I'm under still under age 59 and a half the only thing I pay taxes on and penalty would be $200 only $200 so 10% of $200 20 bucks great whatever my tax rate is $200 great so my tax burden is a lot less now I go back to that traditional IRA I take the money out and once again that's going to be taxed and penalized but my taxable liability was still considerably more in my traditional IRA versus what my taxable liability was in the Roth IRA let's go to the next slide so given the fact that the Roth has these great you know tax advantages everyone and their mother should be in on this right well the Roth has income limits first of all of course you have to be working you have to have earned income you need to get either $199 miscellaneous or you have to have a W2 you have to have partnership income something you have to have earned income or be married to somebody who does like I was telling you once again there's no age restrictions as long as you have a job you can be five years old I have a A girlfriend of mine her um child is a cute little uh child model he's A4 adorable so he gets a little bit of money you know $5,000 here or you know $1,000 there so she puts that money into a Roth IRA for him um the income limits are as follows single $146,000 to $161,000 married $230,000 to $240,000 now in between that limit so if you make up to $46,000 you can make that full contribution either $7,000 or $8,000 but once you're in that in between time you lose some of your ability to make that full contributions so essentially for every $11,000 you go over that limit between in that in between time you lose about $200 worth of um com you know the ability to contribute to that um Roth IRA so next slide please so what do we have with the um the Roth again um no mandatory distributions remember in the traditional IRA you must take out start beginning those requirement and dist distributions or rmds at age 73 Roth IRA does not have that you can continue to make contributions into that Roth IRA as long as you qualify under income limits and still have some sort of earned income you can still make contributions and th that money comes out taxfree the money comes out tax-free once you hit age 59 and a half and that Roth IRA has been open for at least five years the 10% early withdrawal is only on earnings if you're under age 59 and a half next slide please so here are some exceptions just like the traditional IRA we have exceptions to the early withdrawal penalty firsttime home purchase certain medical expenses and the medical expenses have to be pretty high have to be at least 10% of your gross income qualifying higher education costs death or disability okay so there is no penalty that comes out on those earnings remember penalty-free but not tax-free okay okay next slide please so which Ira is best now it depends on what it is you're trying to do remember Chris also talked about the fact that you can still contribute to your and you should definitely contribute to your employer's plan now when you separate from service do you have money in your employer's plan if you do you want to put that money proba into your traditional IRA what are the benefits of that traditional IRA do you need a tax deduction okay is your income over the limit to contribute to a Roth IRAs have no income limit they have an income limit for dedu for deductibility but they do not have an income limit for making that contribution as long as you have earned income you can make the contribution are you transferring your 401k plan or other retirement plan from an old job if you do have that like I said you want to do the traditional IRA for the Roth is your income within the IRS limits do you want to have tax-free income in retirement do you want access to your contributions at any time for any reason without paying any income tax do you participate in your employer retirement plan now something that you should know that if you have an employer plan and you separate from service or you turn age 59 and a half and you want to move that money out of that employer's plan you can do so you can put it into a Roth however if you do a transfer from a from an employer's plan into a Roth IRA that is a taxable event in the year that you make that direct transfer if you do a direct transfer into a traditional IRA there are no taxes so there's no tax consequences for doing that and let's face it maybe you've been at a company for 5 10 15 years and so now you have perhaps an account at your employer that might be 20 30 50 or $100,000 transferring that money into a traditional IRA is a um tax neutral thing that will happen to you transferring that money into a Roth IRA which is allowed however that is a taxable spent so paying taxes on 50 60 or $100,000 that's a lot of money that can come out of your pocket in that one taxable year so let's go on to the next uh slide please so how do you get started here at the credit union you can open up an IRA here with a zero balance we also don't have any fees you can put any dollar figure that you want into that Ira as long as it is uh according to IRS you know contribution limits but we don't have any minimums so if sometimes you know if you have your IRA at a a trust company or a mutual fund or something like that they might have minimums that you have to put in you have to put in $50 a month or something like that here that's not the case you can put in $50 you can put in a dollar and never put in money again that Ira is open it is yours so no minimums you can also set up direct deposit so that that money can go directly into your savings account and then come right from uh do a pre-authorized transfer from there into your IRA you can also contribute contribute whenever you like a lot of people like to do that prior contribution at the end of the year they want to put money in there they have their bonuses they really know now what they can contribute or they can contribute uh you know at the beginning of the year in the middle monthly however they want to ad hoc it doesn't matter so we don't prescribe how you put your money into into your IRA we just say please do definitely save for your retirement do what you can you don't have to always put in the minimum rather the maximum just putting away some some is always better than none so the next slide please and here we are any questions we're here for you I'm Joanna Wilbur the other person is Christopher greenh Hill and Denise is our lovely Hostess awesome thank you so much Joanna and Chris this was amazing as always very very good and useful information so now it is time for the fun part not that this whole thing wasn't been fun but this is even more fun all right so now you get to answer your or ask your questions so I did write one down that was asked earlier in the chat and again just as a reminder you can ask your questions in the chat feature which is on the very bottom right has a little bubble next to it um so go ahead and type in your questions there and I will ask you guys the first question that I received um which was can you please talk about backdoor Roth IRA 2023 and 2024 and the process to contributed um at Northwest Federal Credit Union sure I can do that for you so back door Roth what that is is essentially that's a conversion all right so the IRS allow s you to put money into a traditional IRA and then if you want you can convert that money into a Roth IRA and the reason it's called a backdoor Roth remember we told you that there are um uh income limits so if you make too much money you cannot contribute to a Roth IRA but remember there's no there's no limit as far as income goes for your traditional IRA so what that means is is that you can make a contribution into a traditional IRA and if you wanted to then you could turn around and put those funds into a Roth IRA that is a taxable event so when you move that money out of that Roth IR out of that traditional IRA put it into the Rock you pay taxes on that dollar figure you do if you're under age 59 and a half however you do not have to pay the additional penalty okay and the way that is set up here at this institution is what you would do is you would open up a traditional IRA have that here you would open up the Roth IRA have that here you would make your contributions into the traditional IRA then you would sign the IRA withdrawal form you would ask to do a withdrawal of X number of dollars don't withhold any taxes don't have to pay any penalty and the box that is checked is if you're under age 59 and a half is uh uh early withdrawal with exception check that on the box the withdrawal is done then those funds are put into the Roth IRA and the code that is used is Roth conversion okay so that is how that is done at this institution other institutions have other ways to do it but that's how that works and what you will end up getting will be a 1099 R from us if the IRA was here at r institution showing that withdrawal coming out with the proper code and then you would get a 5498 in uh May 31 comes after May 31st showing that conversion that conversion contribution those two together the IRS has that and that way you one you don't have to pay any penalties if applicable and two you pay the taxes on what you take out thank you so much Joo for that uh Second question if you do not qualify ify for a Roth IRA due to income limits but you do have an option within the 401K to contribute is there a maximum amount you're allowed to designate for the Roth within the 401K take it away Chris no you got it it's on the RO no there there there really isn't so it's the it's the um it's the amount that you can put into that employer plan okay so it's not $8,000 it's what the employer says that you can put in so you're putting in a percentage so if you're putting in 10% 8% that's that's the way that works awesome thank you next question is how much um does nwfcu charge to maintain a Roth IRA account can I invest invest my Roth IRA funds in stocks or is uh does nwfcu do that for us so we are crediting Northwest Federal Credit Union we are a credit union by law we cannot invest in stocks bonds and mutual funds Northwest Federal Credit Union does not charge in any way for its products okay so we don't charge for IAS we don't charge for anything like that Chris is in private banking and we also have um the the cuso the Northwest Financial Group and Chris will speak more to that yes so so so as Joanna was speaking about the differences here we have Northwest Federal Credit Union and we have Northwest financial advisors you can have Ira products in either one of those um channels right so as Joanna stated on Northwest Financial Credit Union we do not charge for those services but when you invest with a um with Northwest financial advisors the fees that you pay will be based on what investment you're participating in with them um but the IRA itself doesn't cost you anything but if your question is based on the mutual fund or other types of Investments those are going to be driven by the type of investment that you have to determine what the cost would be thank you so much uh hang on we just got another question what if your income fluctuates if you might exceed 140,000 one year but not another how do you deal with that uh get both or and traditional IRA that is exactly what you would do and in the Years where you make too much you contribute to the traditional IRA in the Years where you make enough you contribute to the WTH and then you can also at times do those um conversions if you so desire as time goes on yeah plus that gives you more flexibility when you do distributions in retirement instead of all of your money being taxable when you pull it out if you have a diverse a diversification of of Roth and traditional all of the distributions aren going to be taxable to you so that's another way to manage your income in retirement as well excellent thank you so much guys now I don't see another question in here so I think see ah here we go I see that my non-working children do not qualify to participate in either Ira will you have a trust Cafe coming up or can I make an appointment with Joanna you can make an appointment with [Laughter] me absolutely and Joanna's uh information and Chris's information are both on the screen if you have any other questions um direct them to me and then I will basically get the answer for you that way if you're not sure who's able to answer the question just send them to me and I can uh get the the answer for so I I saw that there's a WTH one so remember teenagers regardless you have to have earned income so in order to have a WTH in order to contribute to a Roth you must have earned income so those teenagers they need a job and they also need to be able to report that income so it can't be just I my kids have a job nope they actually need to file that tax return they need to youres and allowance don't count oh yeah exactly right all allowances do not count yeah Grandma money does not count all right we have another question coming in if I'm using my employer sponsor 401k and maxing out there can I still open a Roth IRA account and contribute to Roth IRA long as you meet the income limits sure can y right okay depends on how much money you make yeah and also do you need a tax deduction or do you want the tax free my personal opinion is when you are if you are you know somebody who's under the age of 40 and if you meet the income limits put that money in a Roth that's my own personal opinion what do you think yeah I I would agree um not likely and obviously we could be wrong I don't think tax rates are going to go down so if you can take that money out in retirement without having to worry about the tax rate that may be advantageous for you right exactly I agreed agreed all right another question what advice would you give an early career professional as far as what to contribute to a Roth versus we just we just answer that question that's that's the question we asked I miss that one I'm sorry so if they're dependents and they don't have a job um you they you they can't file taxes so doesn't matter they can't contribute to an IRA that was one of the questions that was one of the questions and then this one was about um somebody early in their career we answered that one minors filing taxes question mark how would I claim them as dependence they don't y if you claim that as dependence they can't file taxes that's right that's why they're dependent so they cannot so they cannot contribute to an IRA yeah right so I do know um I've worked with our uh Capital Management with our financial advisers and I do have a uh retirement account set up for my minor children or for one of my minor children so um with them you can do that with a credit union you can so I do know that um and then one question is can I move 401k to a Roth IRA you can but that will be a t taable event and depending upon how much money is in that 401k plan it could be a taxable event a Biblical proportions Y unless they do a rollover right nope no it's a taxable event yeah really even if you stop working for that company and you need another vehicle to put the you want to put that money if you don't want to pay taxes you want to put that money into a traditional IR ah okay gotcha see I'm Lear new things every time that's what we're here for yeah excellent excellent and I hope that um all attendees have learned a lot today too let me see if there's any other questions I think that is all okay somehow they're like coming in out of order which is very strange but anyway so I hope I addressed everyone's questions if I missed any please again feel free to email me directly and I will uh get the questions to Joanna and Chris who will be able to answer them so next now to the even more fun part of this webinar now is the raffle question so I hope you guys took the hints when I added them in chat to pay attention at those particular parts that this question is going to be about so get your typing fingers ready the question is name one of the exceptions just one not all four of the exceptions to early withdrawal penalties and again there were four I'll repeat the question name one of the exceptions to early withdrawal penalties um and the questions will have to be answered in the chat they're they're on it yeah yeah they are yeah holy cow they're rolling in and all of them are correct so the first one that I see was shoban yeah is that what you guys see too that's what I see all right excellent so Shaban I have your contact information from your registration I will email you and ask you for your mailing address so that I can send that $25 Visa gift card to you with some other goodies always put a little more in there just for fun so anyways you guys thank you so much uh to our panelists um Chris and Joanna amazing job as always congratulations to our awesome raffle winner and thank you for answering the corre the the questions correctly and for paying attention very important and I hope again that all of you learned something new I know I did so great job you guys until next time so we are um actually having the um more indepth conversation about IRAs in two weeks from now um where you will learn a little bit more uh information and that is on the 27th and an email will go out about them that one as well so I hope that some of you will register for that and at that point in time Chris and Joanna will join us again and I will be here as well um and this recording like I said in the beginning once I get the link to our YouTube channel I will send that out to all the registrants um and watch it at your own Leisure and again if you have any questions please let us know thank you guys so much Chris and Joanna did you uh have anything else that you wanted to mention no just thank you for your time thank you absolutely bye bye bye everyone bye bye