Your Money & Your Life Podcast

Inflation, Interest Rates, and Investment Volatility - Part 2

It seems like all the talk lately as been inflation, interest rates and investment volatility. Every time you look at the news you see rising inflation numbers, gas prices seem to have actually gone up again and the stock market has been crazy volatile. Add in another interest rate increase by the Federal Reserve and the list of issues gets longer and longer. We didn't have enough time to dig deep into all of these things so, let’s see if we can make some sense of what’s going on and what we can do about it.
 
Listen to part 1: https://doncashpodcast.com/podcast/inflation-interest-rates-and-bond-prices-oh-my/ 
 
Listen for these key points: 
0:53 – Allergies and COVID
2:29 – Used car prices
3:51 – Setting up part 2 of the conversation
5:32 – Last time rates were at 5%
6:19 – Interest rates
7:21 – World events impacting inflation 
8:31 – Imbalances
11:51 – Wages and workers
14:11 – Other price increase examples
15:16 – Hidden tax
17:21 – What can individuals do today?
20:37 – Investment strategies
23:09 – Closing thoughts
 
Get additional financial information: https://doncashpodcast.com/episodes/
 

Inflation, Interest Rates and Bond Prices - Oh My!

Interest rates are going up, inflation is impacting our wallets, and bond prices are down. On today’s episode, we break down these issues and how they could impact you.
 
What we discuss: 
0:53 – Changing mask rules
2:16 – Will travel start up again?
3:16 – Air travel and fuel are up
5:09 – Why are rates jumping up?
7:16 – Prices of homes have gone up
9:55 – Impact on stocks and bonds
11:07 – Bonds are stable, but can go down
13:00 – Reinvesting at a higher rate
14:45 – What is causing this?
16:11 – What is an advisor’s job?
17:29 – As you get closer to retirement
 
Get additional financial information: https://doncashpodcast.com/episodes/

Winners and Losers 2 Years After Covid Market Crash

What does it take to be a winner in today’s stock market? We’ll explore the difference between winners and losers when it comes to investing on today’s episode.
 
What we discuss: 
0:53 – UNC versus Kansas
3:43 – The market since 2020
5:10 – Winners have a plan
6:49 – Changes since 2020
11:19 – Greed and gains
14:20 – What makes a winner?
16:55 – Waiting to get back in
19:49 – Mailbag: “Non-financial suggestions for retirement?”
 
Get additional financial information: https://doncashpodcast.com/episodes/

Proposed IRA Changes and Roth Tax Tips

Last month some new IRA changes were proposed. How could these possible changes impact your financial future and your family’s?
 
What we discuss: 
0:32 – Spring has sprung
2:27 – IRS rule changes
4:29 - Inheritance rules
6:47 – New proposed required distributions
7:49 – When the original owner dies
9:21 – Designated beneficiaries
11:37 – Impact on generational wealth
13:13 – Make a comment to the government
13:52 – Roth tax advantages
14:58 – Tax planning tips for 2021
17:35 – What’s the catch?
18:28 – Is there a MAGI?
 
Submit a formal comment: https://www.federalregister.gov/documents/2022/02/24/2022-02522/required-minimum-distributions
Referenced Article: https://www.journalofaccountancy.com/news/2022/feb/proposed-regulations-update-rmds-secure-act-changes.html
Get additional financial information: https://doncashpodcast.com/episodes/

Facing Geopolitical Risk

Today, we will discuss the geopolitical events of the past and present. Geopolitical risk is nothing new, but will current conflicts significantly impact the economy? 
 
What we discuss: 
0:30 – Things change quickly
2:05 – Keeping perspective
3:16 – Ukraine and Russia history
3:56 - Ukraine wanting to join NATO
6:00 – Different types of risk
8:37 – Geopolitical risk in perspective
10:46 – 26 market corrections since WWII
13:14 – Gas prices throughout history  
15:28 – Four mega trends  
17:46 – What can we expect to see?
20:29 – Not everything is affected equally
22:20 – What is the ‘solution’?
 
Get additional financial information: https://doncashpodcast.com/episodes/

How Media Hype Can Lead to Bad Retirement Decisions

Today we’re talking about media hype and how it can lead people to make bad financial decisions that could cause problems with or ruin their retirement. Find out if you have fallen for any of this hype.
 
What we discuss: 
3:00 – Bitcoin
3:59 – Rhode Island couple
9:40 – Questionable Internet scheme
11:40 – Buying gold
14:20 – Investing in crypto
16:15 – Required minimum distributions
 
Resources: 
https://leedaily.com/2021/12/05/a-couple-stored-ira-gold-at-home-they-owe-the-irs-more-than-300000/
https://www.irahelp.com/slottreport/proceed-caution-when-investing-your-ira-gold
 
Get additional financial information: https://doncashpodcast.com/episodes/

Coming Economic Storms and Media Mania

We are wrapping up our series on economic storms this week by focusing on the media. Between constant headlines and breaking news, there can be a lot of news to sift through. So, what should we expect from the media throughout 2022?
 
Screen Time -
https://www.comparitech.com/tv-streaming/screen-time-statistics/#:~:text=The%20average%20American%20spends%20over,at%20a%20screen%20every%20day.
The Social Dilemma –
https://www.thesocialdilemma.com/
The Reticular Activating System -
https://www.sciencedirect.com/topics/veterinary-science-and-veterinary-medicine/reticular-activating-system#:~:text=The%20reticular%20activating%20system%20(RAS,awake%2C%20desynchronized%20cortical%20EEG%20patterns.
 
What we discuss: 
0:42 – Snow storm!
2:41 – Financial news
4:18 – How big media works
6:29 – Getting you addicted
8:21 – Collecting your information
10:15 – Goal to get people watching       
11:43 – What do you get from the media?
13:13 – What actions are you going to take?
14:54 – Using keywords to get views
16:47 – Inflation is a real concern
18:24 – How do we deal with it?
20:18 – Don’t act on greed, fear, or anxiety
 
 
Get additional financial information: https://doncashpodcast.com/episodes/

Economic Storms in 2022 - Part 2

What other economic storms can we expect in 2022? We’ll discuss stock market dips, geopolitical tensions, and more today.
 
What we discuss: 
0:49 – Kids are back in school
4:37 – Historical tax rates
6:54 – Stock market turmoil
9:33 – Selling out of panic
10:56 – Diversification matters
12:57 – Geo-political risks
15:13 – Supply chain issues
17:51 – Increase in rent
19:12 – Top expenses
22:39 – Quality of life
 
 
Get additional financial information: https://doncashpodcast.com/episodes/