Scaling Wealth Through ERQP Real Estate Investing with Damion Lupo

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important issue in today’s world and he

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is meant to do many right so welcome

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damion it’s a pleasure to have you with

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us today anton it’s great to be here

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thanks for having me my friend yeah it’s

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absolutely great to have you on

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i unfortunately had to miss it

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at the real estate guys

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summit in in belize but you just came

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back from there

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and there were some heavy hitters

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including the chief economist from of

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fannie who was

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also giving his view of the world there

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so maybe you can just to do a quick

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uh

00:39

high level overview what what his view

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is and what your view is what you share

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with him and where you possibly will

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disagree with him

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i i’d love to i think one of the the

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smart things to do is to pay attention

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to the the person that’s driving the

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thinking around fannie mae and fannie

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mae is the 800 pound gorilla in

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residential housing so really thinking

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about what they’re thinking about is

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very important because they’re going to

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drive policy and in large part have an

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influence on the market we had a lot of

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conversations around the inflation

01:09

that’s going on housing the problem with

01:11

with supply the demand prices moving up

01:14

from apartments to houses and what’s

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going on and the consensus and really

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what we understood was that after the

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great financial crisis in 2008 there was

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a lot of the supply chain that

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disappeared about 75 of the supply chain

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in fact left the the market when that

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happened it meant that their housing

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wasn’t being built like it would be

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normally that’s why we have four million

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missing units right now so there’s

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there’s a gap in the market it’s not

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just that there’s a ton more demand

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there’s just a missing supply chunk and

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the the interesting thing is you can’t

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just add in 75 of the supply chain it

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takes years to do that it might take the

01:50

next decade so that’s going to put

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upward pressure on housing prices houses

01:54

apartments we still have the demand so

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what’s likely to happen is we’re looking

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at more of a renter’s nation where

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people are going to people are building

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now for renters we see this as a growing

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theme in america pretty much the

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consensus from people like doug duncan

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the chief economist of fannie mae george

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gammon

02:14

russell gray robert helms

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all these thought leaders kenny mcelroy

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who many know is a pretty big player in

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the multi-family and other commercial

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spaces and it’s we just realized there’s

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an opportunity so as much as there’s

02:27

likely to be a correction at some point

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in the coming years the the truth is

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people have to live somewhere and we we

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just may see like in europe where you

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have more and more people spending more

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and more of their income on housing

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that’s more likely than a major

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correction in housing we’re more likely

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to see a correction in the in the paper

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markets and especially the bond markets

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but right now the the shift is how much

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how many assets can you really build up

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and people are looking at debt as a

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liability as an asset and the asset as a

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liability now because of what’s going on

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with inflation so it was a really

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fascinating conversation we dug into

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what we expect to happen and uh pretty

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interesting that it was mostly a

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consensus there wasn’t much

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there wasn’t much in the way of people

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thinking that

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that housing was going to collapse

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because there’s so much pressure

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yeah

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i think we certainly have seen it right

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also from institutional players where

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they reallocate

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their commercial real estate portfolio

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to

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uh to in the direction of more

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multi-family housing

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so i think everyone recognizes we have

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not just a massive liquidity in the

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market but we also have what you

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mentioned

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that

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supply shortage that we have never

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really picked up from since the

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financial crisis more than 10 years ago

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and obviously now we we still see the

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the result of it

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so it’s definitely no question that

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housing will be in in a massive demand

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rental housing will be in a massive

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demand

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going forward having said that it all

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markets and local

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differences obviously always matter

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right so some

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some markets they grow

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very strongly and always are still weak

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right uh but we certainly have seen all

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the

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uh the major markets that have shown

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already strong growth that they are just

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getting stronger

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and

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so it’s it’s good to hear that fannie

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recognizes the

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that shortage and that their policies

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are aligning to to support that that

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additional supply that needs to come

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online

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and one of the other things that doug

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mentioned was that they are shifting

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their policy it looks like they’re

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shifting their policy to where they had

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a certain allocation i believe it was

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like seven percent of the portfolio

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towards second home slash investment

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property and what they realized was that

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they really needed to focus more on

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investment property not necessarily

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second homes because that’s the that’s

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the missing element somebody’s second

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home isn’t as important as the person

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that has no home or needs one for their

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own primary residence so they’re it’s

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likely that they’re going to shift the

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focus towards that seven percent

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allocation going into

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investment property which is a great

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thing for investors and and to your

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point about the the all the extra money

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flowing i mean we’ve got an extra nine

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trillion dollars that got pumped into

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the economy last year it may have gone

05:26

through restaurants it may have gone to

05:28

amazon but ultimately it’s going to end

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up in investors hands that’s how it

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always always works those investors are

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looking for real assets a lot of it’s

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going into the stock market but a lot of

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that is going into real estate and

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because of what’s going on with the lack

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of supply

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and the reality is that we have this

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huge demand people are smart they’re

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putting it into into something that’s

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going to continue to be solid which is

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residential housing yeah absolutely

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now

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obviously with that right with all that

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money that is is is out there the

05:56

liquidity the inflation element is only

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uh for real uh whether uh the fed

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is colic calling it transitory or not uh

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that is a is a big question

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uh i personally believe it’s it will not

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be transitory uh in the way they think

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and suddenly over the last month or so

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we only have already seen a shift by by

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a number of members of the board where

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they feel yes i think we will probably

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have a headline inflation that is higher

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than what we originally anticipated

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right

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and i think that’s important obviously

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for for institutional investors and

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that’s why real estate real assets

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are really

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important in inflationary environment

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and it’s also important on uh for

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individual investors right uh keeping

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your money in a money market account

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whether it’s a retirement account or

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your non-retirement account is likely

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reducing your purchase power over the

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next few years it has done that already

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over the last decades

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and it’s probably accelerating even more

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and i think the service that you provide

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right with eqrp is is really

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in my view very important to provide the

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tools to

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uh to investors that have retirement

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funds that they actually think of of

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investing in the right assets so that

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they’re not falling behind with their

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wealth growth

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so maybe you can talk a little bit about

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the the eqrp and obviously have written

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a book about it

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for people who are in the syndic real

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estate syndication space i would say you

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have already built up quite a name a lot

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of people know you but some

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some of our listeners do not know about

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it so maybe you can explain a little bit

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what what it is all about yeah the

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there’s in the retirement world it’s an

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interesting thing that there’s most of

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the liquidity in america for individuals

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is in retirement accounts so it’s 401ks

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iras there’s 35 trillion dollars in

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these accounts and most people are

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sitting there staring at a banks at a

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brokerage statement hoping the number

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goes up and that’s their entire plan and

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they and the truth is there’s a lot of

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options but most people aren’t told

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about those because the system doesn’t

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want to tell you how to take your money

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out of the system because it loses all

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the fees so the alternative the best

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alternative out there is the eqrp which

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gives people the ability to

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control what they want to invest in and

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what that means for somebody listening

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or watching is is that you can take your

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retirement account money your old 401ks

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and iras and get control so it’s in a

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checkbook you actually get to invest it

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you’re not subjective to fees like and

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taxes like you would with an ira and if

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you want to invest in real estate for

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example iras can tax you up to 37 on

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that on that leveraged real estate so if

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you’re thinking about stuff like real

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estate or crypto or or gold or these

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alternative and i laugh at that anton

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when i think about alternative and i say

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wait what’s alternative about real

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estate or gold like it’s that seems like

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that’s real and the stock market is kind

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of the alternative you know it’s it’s

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the fake stuff

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so the reason this is really important

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is because taxes are the biggest expense

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we have and the idea is you want to find

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ways to go towards zero and and why do

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you want to do that because you’re

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smarter with your money and you’re going

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to do better than the government and and

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ultimately there’s no freedom if all

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your money is going away in taxes the

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eqrp allows you to get to a point where

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you’re at zero tax and one of the things

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we like is the current tax code meshing

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real estate and the roth eqrp together

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getting your money to zero tax when you

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make it when you grow it when you pull

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it out so it gives you a lot of options

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to to have the right tool but if you

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don’t have the right tool you may think

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you have a vehicle but that vehicle

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might be a 1950 ford that’s going to

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break down and what we’re looking for is

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really we’re looking for the ferrari the

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thing that’s going to take you where you

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want to go quickly

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on purpose and decisively and that’s

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what the eqrp really does it it allows

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you to go

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grow your your portfolio and and not

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think gosh i wonder what joe biden is

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going to do with my taxes

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if you do it right you don’t care what

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joe biden does because the tax can go to

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zero permanently

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yeah uh this it’s really important right

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i think also with

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the eqrp with as a real estate investors

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you have these uh

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some fees or or taxes are still being

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charged depending on the type of

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investment but with real estate you also

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have

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have that freedom where you even though

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it’s a leveraged investment that you

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don’t have to to pay taxes on that maybe

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you can touch on that too right

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kind of explaining why real estate is

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really the ideal vehicle for for these

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for these eqrp retirement funds

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yeah this is a this is a conversation

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that that i’ve had with people like tom

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wheelwright many times they the

11:05

fairly well well-known accountant that

11:06

works with robert kiyosaki in the rich

11:08

dad organization and he’ll often say

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don’t put real estate in a retirement

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account and what he’s talking about is

11:14

an ira and the reason he’s saying that

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is because if you put leveraged real

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estate like a syndication if you if

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you’re an investor in an apartment

11:22

syndication and you use an ira when that

11:24

apartment sells you’re likely going to

11:26

be paying 37 on most of your profits so

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to give you an example if you put a

11:31

hundred thousand dollars into a

11:32

syndication for apartments and that

11:34

hundred turned into 200 you’re probably

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going to pay about 22 to 25 000 in taxes

11:39

using your ira even if it was a roth ira

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so people don’t realize this is going to

11:44

happen and it’s because of ubit tax the

11:46

unrelated business income tax totally an

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option and when i say an option i mean

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if you don’t want to pay it you can

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avoid paying it and the way you do that

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is you have the correct account which is

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called the eqrp

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we can move assets that are already

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invested in an ira self-directed ira

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into an eqrp and you can start fresh

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with an eqrp it’s exempt from the tax

12:08

and so it’s really funny because people

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say well why is that well sometimes you

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just have to say it is what it is but

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the reality is the tax code is very

12:17

complex and the 401 section of the code

12:20

exempted

12:21

leveraged real estate for people to use

12:23

their 401ks eqrps to to invest the iras

12:27

don’t have the exemption exemption so it

12:30

whether you’re investing directly or

12:32

whether you’re going to put a

12:33

syndication together and you’re going to

12:34

have investors it doesn’t make sense to

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have an ira investing in real estate

12:40

syndications the only time you’d really

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want to

12:42

have real estate outside of a retirement

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account is if you were going to buy a

12:46

property and hold it for the next 50

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years that can be really smart but if

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you’re going to buy a property or invest

12:52

in something that you’re going to sell

12:54

in three to five years the roth eqrp is

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the ultimate best way to hold that

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property there’s no exception and

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there’s no alternative to it

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yeah

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very good point right

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again no one really knows why one is

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exempt and one the other one is not but

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it doesn’t really matter what matters is

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that the option is there right and

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unfortunately we have seen

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right we see so many deals and we talked

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also to a lot of passive investors

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and a lot of them were

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very surprised when they got hit by by

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that ubit uh with with a pretty big

13:32

check right that they had to to write

13:35

and actually they were shocked well it’s

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uh it’s retirement money that is

13:40

invested here why on earth do i have to

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pay taxes

13:43

so

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it’s really uh strange that no one has

13:48

been advising them right so they they

13:51

someone has taken the money allows them

13:53

to do that so-called self-directed ira

13:56

but no one was telling them look you

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need to watch in what you invest in to

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avoid some of these taxes right well and

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and one of the things that’s really

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disappointing is that we’ve run into a

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lot of ira custodians that that say

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we’re not responsible for telling you

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and it’s true they’re not responsible so

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they don’t really advise or coach or

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mentor they just they say yeah maybe

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it’ll happen or i’ve seen some

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unreally unfortunate marketing that says

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oh don’t worry about it i think

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everybody should be worrying about it if

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you’re investing using retirement money

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you don’t want to lose a quarter of your

14:30

of your return because somebody doesn’t

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want to tell you the truth and the truth

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is there are really great options and

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then there are options that are going to

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require you to write really big

14:39

unnecessary checks

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yeah that’s absolutely right and don’t

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worry about it you may have a cpa who

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doesn’t really know about the ubit rules

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and they do not

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uh point it out but then you slowly have

14:52

a look back by the irs when you get

14:55

hitting more right so it’s very

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important to to understand what your

14:59

liability is regardless of whether

15:02

someone tells you it’s not a big deal or

15:04

not right

15:06

so it’s it’s only

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i think this is a key piece that our

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listeners really need to understand if

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you have money in ira and you are

15:15

thinking about investing in in this

15:17

syndication and i know a lot of people i

15:19

just had a discussion last night with uh

15:22

with a couple that has a lot of money in

15:25

in ira

15:26

and i told them look you will get hit by

15:28

by that ubit if uh you need to make

15:31

changes before you invest in in

15:33

syndications they didn’t know about it

15:36

right the cpa didn’t tell them

15:38

uh so it’s still it’s appears to me

15:41

there is still a shortage of

15:43

of knowledge as well as education out

15:46

there to tell these individuals what

15:48

they need to watch out for when they

15:50

have a self-directed ira right it is

15:53

it’s a key piece that unfortunately a

15:56

lot of cpas aren’t aware of uh the the

15:59

tax code is complex it’s thousands and

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thousands of pages and this is where

16:03

sometimes it’s important to think about

16:04

adding new people or maybe replacing

16:06

some people on the team because most

16:08

accountants

16:10

are overworked and they’re they’re

16:12

trying to keep up but it’s it’s hard to

16:14

keep up with everything and

16:15

you focus on your main thing

16:18

most of people’s retirement stuff fits

16:20

into a little box and the the stuff that

16:22

we do with the eqrp and the ira stuff

16:24

that’s out there is not something most

16:26

accountants have any knowledge about

16:28

because it’s too specialized and so if

16:30

they don’t focus on that they’re not

16:31

really going to know and by the time

16:33

they do figure it out that it’s too late

16:35

and the check has to be written so you

16:36

know we’ve we’ve been to some some

16:38

conferences like the real estate guys

16:40

and

16:41

great teachers in texas and they always

16:43

have people that know this stuff so it’s

16:45

really important to listen to the

16:46

podcasts and be at these live events

16:48

where people that are really thinking

16:49

and studying can get together because

16:51

that’s where you’re going to learn about

16:52

this most people aren’t going to learn

16:54

from their legacy teams

16:55

yeah absolutely it’s a very good point

16:59

so have you seen any changes

17:01

to the to the tax code to the rules uh

17:05

how you can fund and when you can fund

17:08

uh since obviously with korvik 19 all

17:10

the the deadlines have gone out of

17:13

window it appears

17:15

uh have you seen when it comes to eq

17:20

funding have have you also seen some

17:22

changes and are they permanent or do you

17:24

see it it will go back to

17:27

where it was previously yeah there

17:29

actually have been some pretty big

17:30

changes that just happened in the last

17:31

year congress changed the rules so a

17:34

couple of them

17:35

one of them is that it’s really great if

17:37

you you can set up a retirement account

17:39

specifically an eqrp for the previous

17:42

year so here we are in 2021 if you say

17:45

oh i made too much money in 2020 if you

17:47

haven’t filed your taxes yet you can set

17:49

up an eqrp for the previous year and

17:51

then fund it for the previous year

17:53

reducing your income maybe even

17:55

qualifying for the qbi which is the

17:57

qualified business income

17:59

deduction which is another 20 off so

18:01

there’s some really great things it’s

18:02

called retroactive tax planning which is

18:05

very unusual usually if you don’t do it

18:06

beforehand it’s too late and in this

18:09

case you can actually do that so that’s

18:11

a really big plus one of the big things

18:13

that changed as well because the

18:14

government is trying to figure out how

18:15

to get everybody involved they changed

18:17

the rules about the the old solo 401ks

18:20

where if you have a solo 401k and you

18:23

have even a part-time employee you can’t

18:25

have the solo 401k anymore so what does

18:28

that mean for somebody it means that

18:29

you’re really stuck if you if you ever

18:31

want to expand well the eqrp is set up

18:34

for people that have employees up to 50

18:36

employees where everybody gets control

18:38

and it’s the only one of its kind there

18:39

is no other option where you actually

18:41

have control for everybody including

18:43

those part-time and full-time so if

18:45

you’re thinking well i don’t have an

18:46

employee well maybe you might need some

18:48

help as you grow your business or your

18:50

investment portfolio you want to make

18:52

sure yourself you’re setting yourself up

18:53

correctly so you don’t blow up your

18:55

retirement account simply because you

18:56

want to expand and grow and i think that

18:58

that’s really important for people to

18:59

realize that those rules changed and

19:01

most of the websites that are out there

19:03

actually don’t talk about this people

19:05

are still acting as if nothing has

19:06

changed but that’s one of the things

19:08

about working with people that are

19:09

keeping up with the new rules and new

19:11

laws and we also see some changes coming

19:14

to equalize the environment meaning the

19:16

tax benefits tend to be the best for the

19:18

the wealthiest because if they get a tax

19:20

break and their income is taxed at the

19:22

highest rates that’s really good for

19:24

them but if somebody in the lower income

19:27

arena gets a tax break it’s not as

19:29

beneficial so we see things happening

19:31

like tax credits for retirement accounts

19:34

contributions we see some of that stuff

19:36

we don’t see any major overhaul but one

19:38

thing i do anticipate this decade is

19:40

that the roth account will get whacked

19:42

destroyed taken out of play because it’s

19:44

very expensive for the government and

19:45

what i i see likely happening there is

19:48

that anybody that has a roth account

19:49

would be grandfathered in and their

19:51

money would be in place

19:53

and why is that because if you look at

19:55

congress you look at people like mitt

19:56

romney who have a hundred million

19:58

dollars in his retirement account i

20:00

don’t think they’re going to go vote

20:01

against their own best interest so

20:04

no probably not

20:06

yeah it’s a good point but do you you

20:09

think that it’s going to go away

20:11

i think it’ll be it’ll be stopped it’s

20:13

so similar to when the self-directed

20:15

when the ira’s rules changed where if

20:17

you inherited an ira it used to be that

20:20

the person that inherited it could keep

20:22

the money growing and spend it over

20:23

their entire lifetime it’s called a

20:25

stretch ira congress said no we don’t

20:28

want families being able to keep their

20:30

wealth we want to have that money back

20:31

into circulation to be taxed so they

20:34

said we’re going to limit it this

20:35

happened two years ago we’re going to

20:37

limit it so you only have 10 years and

20:39

that made it really challenging for a

20:40

lot of people that relied on that but if

20:42

you already inherited an ira then you

20:44

still had your whole lifetime so that’s

20:46

what they tend to do they change the

20:48

rules but if you’re already in something

20:49

they say okay well you’re already in but

20:50

nobody else can come in i think that’s

20:52

coming with the roth here in the next 10

20:54

years

20:55

okay very good to know

20:57

uh you mentioned

20:59

the retroactive uh contribution into a

21:04

eqrp

21:05

so if

21:06

someone hasn’t filed yet for for 2020

21:10

right so let’s say the deadline is

21:12

september 15th

21:14

or october 15th depending on

21:18

what the situation uh personal situation

21:21

is

21:22

uh are you saying all the way to that

21:24

filing someone could could

21:27

choose to still

21:28

establish an eqrp and put funds into

21:32

that for 2020.

21:33

absolutely that’s exactly what i’m

21:35

saying all the way to the the extension

21:36

so could be september it might even be

21:38

october depending on on how you’re

21:40

structured and so you can put money in

21:42

there and and so what’s interesting is a

21:45

lot of people don’t pay attention to

21:46

that because they say oh that’s always

21:48

been the case with iras but who cares

21:51

it doesn’t really matter if you can put

21:53

six thousand dollars into something it’s

21:55

not going to move the d the dial but

21:57

with an eqrp you can put 58 000 or more

22:00

and if there’s a couple in a family it

22:01

could be 120 130 000

22:04

with kids it could be 200 000 see it’s a

22:06

really big opportunity for people to

22:08

look at what their income was in 2020

22:11

and all the way into the fall of 2021

22:13

being able to reduce that income

22:15

backwards so it’s a pretty big deal a

22:17

lot of money at play here saves a lot of

22:20

people on average we see people saving

22:22

about 20 000 in taxes by doing this

22:24

no sure that’s a very big deal right i

22:28

think

22:28

obviously for for some it might be a

22:31

concern okay now i have that money in

22:33

that eqrp now it’s locked up and i do

22:35

not really have flexibility

22:38

to work with that money what would you

22:40

say to them

22:41

i i would say that the the eqrp is a

22:44

shelter where it protects and grows your

22:46

money and you can do it without any

22:47

taxes at all and then when you pull it

22:49

out there are ways to get it out at any

22:51

age anton not just 59 and a half at any

22:54

age and do it tax-free no penalties no

22:56

taxes this is part of the strategy this

22:58

is why you have tax strategists not just

23:01

cpas i mean if you have a cpa you really

23:04

want that cpa to be a strategist so it’s

23:06

not just being able to get it out but

23:08

you can invest it in all these real

23:10

assets things like real estate and

23:12

physical gold and private notes and

23:14

private companies and crypto bitcoin all

23:17

these things so you have all the control

23:19

you’re not stuck in anything you can

23:21

pull it out at any point i know that

23:23

there are there are some people out

23:24

there that say i don’t think we should

23:26

do real estate or we don’t we shouldn’t

23:28

do a retirement account because we’re

23:29

stuck until we’re 60. and that’s just

23:32

not knowing what what how these work

23:34

because there’s ways to pull it out at

23:36

any age no penalty no tax you just have

23:39

to have the right information and use

23:40

the code instead of being ignorant or

23:42

listening to whatever google tells you

23:44

yeah so can you touch on some of the

23:46

options that one would have to pull some

23:49

money out without a tax consequence

23:52

or at least reduced consequence yeah so

23:56

i mean there’s there’s ways to use the

23:58

roth account and there’s ways to use

23:59

real estate because when you’re and

24:01

being a real estate professional or

24:02

having a spouse being a real estate

24:03

professional and converting money and so

24:06

it’s it’s a fairly complex strategy to

24:09

bring all these pieces together but what

24:11

we’re talking about is things you can

24:12

understand if each piece is

24:14

understandable taking money and making

24:16

it roth well if it’s roth there’s no tax

24:19

and if you if you’re a real estate

24:21

professional you can use cost

24:23

segregation to reduce your

24:25

you know to to reduce the income and

24:28

income is produced when you convert

24:29

money from pre-tax to roth so you put

24:32

all these pieces together and you

24:34

realize wait a second i could actually

24:35

pull out a million dollars at age 45 no

24:38

tax no penalty

24:40

what you do with it right so

24:43

yeah i mean it’s the the truth is we

24:46

have a lot more options than we we think

24:48

we do and it’s it’s about having the

24:50

right team so one of the things i like

24:51

about you is you understand that so

24:53

you’re always encouraging people to have

24:56

the right team members and not try to do

24:57

everything on their own i mean that’s

24:59

that’s that’s what any smart investor

25:01

does they encourage teams and they have

25:03

teams

25:04

yeah absolutely right so

25:07

it’s absolutely crucial right if you

25:09

don’t have that and if you rely on

25:12

on your financial advisor or your cpa

25:15

that uh

25:17

it’s just doing the regular tax returns

25:19

they just do not know about it right so

25:22

it’s it’s not that uh you could argue

25:25

well they should know about it the

25:26

reality is if you’re in a specialist in

25:29

a certain segment you are good at that

25:31

but you are not good in others right and

25:33

that’s where

25:34

building the right team is is so

25:36

important right

25:39

so damien that was really great i think

25:41

you added a

25:43

ton of value here to to our listeners

25:46

uh i really encourage anyone who has uh

25:49

who has an ira

25:52

and has been thinking about

25:54

self-directed investments right

25:57

obviously you all know that

25:59

very often

26:00

you you can invest in in equities you

26:03

can invest in

26:05

mutual funds and bonds and all that and

26:08

there is a place for that but i think in

26:10

terms of diversification

26:12

uh considering that usually a big chunk

26:15

of someone’s net worth is in

26:18

is in retirement accounts i think it’s

26:20

important to to do yourself a favor and

26:23

talk to professionals that really know

26:25

the benefits of

26:27

of alternatives and obviously when it

26:29

comes to real estate investments with

26:32

retirement funds

26:33

the eqrp

26:35

solution is is is the right solution out

26:39

there so you don’t get hit by that ubit

26:41

tax

26:42

so please do yourself personally fair

26:45

and reach out to to someone like damien

26:48

who has been doing this and studying it

26:51

for for a very long time

26:53

uh and

26:55

uh reader’s books right so he has he

26:58

he

26:59

did a book and so now you you can

27:02

uh now promote your book as well as

27:04

obviously have hope hopefully also

27:07

having your contact details that you can

27:09

share because that is as for someone to

27:11

starting out i think reading that book

27:14

is a is a good start but then it’s still

27:17

important that someone is actually

27:19

talking to you in person to really

27:21

perhaps grasp the the true

27:25

issues and that they can implement the

27:28

solution properly

27:30

yeah and the first step is really doing

27:32

something it’s taking a step so the i

27:35

think they what i’d love to have people

27:36

do is get a copy of the the summary of

27:39

the book which is the it’s like the

27:41

cliff notes it’s about 15 pages it’s the

27:43

report on the eqrp and you can get that

27:45

by texting the word eqrp to 72 000. so

27:49

when you do that you’re going to get a

27:50

copy it’s a digital copy of the the

27:52

report and then we’ll send you a copy of

27:54

the physical book and we’ll fedex it out

27:56

to you so all you really have to do

27:58

right now simple just text the word eqrp

28:01

to 72 000 and that will give you what

28:03

you need to start and learn and and even

28:06

if you can’t use it i guarantee there’s

28:08

somebody you know that this will change

28:09

their life and so it gives you the

28:11

opportunity to be a bit of a superhero

28:13

and help somebody you care about stop

28:15

losing all their money to taxes and fees

28:17

and penalties that they they really

28:18

aren’t necessary

28:19

yeah absolutely

28:21

uh so thanks again damion to uh for

28:25

coming

28:26

coming on with uh with me today you had

28:28

added plenty of value and the hope that

28:32

you

28:33

created the wake up call for for a

28:36

number of listeners that

28:38

there is a solution to the retirement

28:40

funds and that

28:42

all what they have to do today is taking

28:44

action

28:45

that’s awesome i appreciate you having

28:47

me thanks so much for the opportunity

28:49

yeah thanks damion