Preparing and saving for retirement can be a challenge for all of us. But for small business owners, there are some unique concerns and challenges. We want to spend some time today talking about how you can prepare for retirement if you aren’t retiring from a corporate job with a 401k.

The SECURE Act 2.0 is making its way through Congress with bipartisan approval in the House.
Victor shares some key elements of the legislation

Today’s federal income tax rates might be the lowest you’ll see for the rest of your life, after tax rates went down with the 2017 Tax Cuts and Jobs Act. But those tax rates expire come 2026, so there’s a built-in tax increase. President Biden has unveiled his proposed budget for next year, so many are wondering what the potential tax impact could be. We also have some GOOD news about women’s wages in the US.

Women statistically outlive men by about six years, so a lot of wives will outlive their husbands in retirement. That means a lot of women will suddenly be taking over their own finances for what may be the first time in their lives. That can be confusing and even scary.

o   Many indicators show the economy is still growing, but most also don’t yet reflect fallout from the Russian invasion and the surge in oil prices over the past few weeks.

o   The Leading Economic Index, widely used for gauging economic performance, is still strong, but starting to show signals of weakness. This index includes a range of stats tracking manufacturing orders, consumer sentiment, housing building permits, employment, credit/interest rates, and more.

With everything going on in the world right now, can your finances weather any financial storm? Victor and Guy will outline some of the major financial risks on the horizon today and talk about some “all-weather” strategies to help you protect your savings, no matter what kind of storms are unfolding in the financial world.

In 2020 more than half of all Americans were covered by some type of life insurance. So a good number of people see life insurance as a useful tool to help protect their families and loved ones. The question we want to address today is not really “do I need life insurance?” but rather, “Do I need life insurance for my retirement?”

Conflict between Russia and Ukraine sparked volatility in global markets. But there are key points to remember that Victor and Guy will discuss in today's show.

There isn’t one clear-cut way to save for retirement, but with low interest rates and high inflation, it probably makes sense to consider putting money in something other than a standard savings account at the bank. Victor and Guy give us three other accounts you could consider using for your retirement savings.

You might not think much about the big game until you’re on the couch with your remote and a few slices of pizza. That’s the fun part of being a fan. But what if the coaches and players took that approach? No practice, no watching film, no playbooks. Just showing up on game day and hoping things go okay. It’s laughable to think about any team not preparing ahead of a game, let alone the Super Bowl, but that’s what some people seem to do with retirement. So why do some people show up for something as big as retirement unprepared?