Guarding Your Nest Egg

Following a conversation about how inflation is impacting the spending behavior of higher-income Americans, Mike walks us through his analysis of President Biden’s Inflation Reduction Act and how it could impact your family. Also, despite July being a good month on wall street, he explains why he believes we are still technically in a recession and why it could get worse. And if you saw the movie “The Big Short,” you’ll want to hear why the guy who (in real life) bet on the collapse of subprime mortgages ahead of the 2008 financial crisis is worried about the economy again. Mike is always an optimistic person, but as a fee-only fiduciary financial advisor, he shares his insight as to if we should make adjustments to our investment portfolio based on Michael Burry’s latest forecast.

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After chatting about someone breaking the world record for holes-in-one for a good cause, we flashback to when Mike first forecasted that we were already in a recession on his weekly radio show on May 7th of 2022. He also discusses the politicization of redefining the word “recession,” and why not focusing on the actual numbers could negatively impact your retirement portfolio. He explains how he and the other Talon Wealth fiduciary financial advisors are looking into inverse options along with other alternatives to help their clients (when appropriate) through bear market times, and why he believes when the 3rd quarter numbers could be even worse. This isn't a gloom and doom episode, but an important one to hear if you're concerned about the economy impacting your bottom line.  

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Homebuilders are tapping the brakes and consumer confidence is down overall. Plus, with the administration trying to change the definition of a recession, confidence is declining even further for many. Mike explains why he thinks it is possible that we could have another pullback, and what you can do to better protect your investments for retirement during the recession debate... regardless of the definition. 

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This week we discuss the fun way a new retiree is spending her time on screen, and how Mike can ironically relate! Plus, he explains how the significant 2nd quarter drop of copper should be taken into consideration when it comes to your retirement accounts. And with inflation up to 9.1%, the average American family is spending almost $500 a month more than this time last year. Find out how all of this is impacting spending behavior, but how it doesn’t necessarily have to change yours… If you have a fee-only fiduciary financial advisor helping you plan and navigate your financial life in retirement. 

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With wall street down and inflation up 9.1% from last year, we’ll discuss why consumers are now likely driving the recession many are predicting. We’ll also reveal what a new survey says about how millionaires are preparing for the possibility of more downturns, and what proactive steps Mike took for his clients in January and in March to help protect his client's portfolios. Plus, we’ll embrace rock ‘n’ roll and entrepreneurs making money in interesting ways!

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It’s no secret that the market has been down for the first 6 months of 2022. As we wait on 2nd quarter GDP numbers to confirm if we’re in a recession or not, listen to find out the consumer behaviors that gives Mike reason to believe we may already be in a recession. He also discusses interest rates and the Fed’s hope of a “soft landing” in this economy.

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The market is volatile, and energy prices and interest rates are on the rise. Mike explains why he believes economic issues like this will create a slowdown in our economy. He also addresses a common question we’re hearing from listeners: 

Is going to cash now a good idea in our current climate? Or is it too late?  

-Plus, if you planned to retire this year and are now wondering if you can still pull it off, Mike shares a key perspective for you to consider. If you’re feeling overwhelmed that your portfolio may now not be enough for your entire retirement, this episode is for you.

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Wall Street remains rocky, and many near and  in retirement are seeking more conservative investment options. Mike explains how he and his team of fiduciaries have been proactively helping their clients navigate this unsettled time by going to cash months ago (depending on the client’s situation). Plus, he explains why an annuity doesn’t make sense for most people… despite being heavily promoted in our current economic environment. 

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After discussing Top Gun: Maverick, Mike explains why now more than ever investors near and in retirement should embrace being a maverick by NOT giving in to generic "hang in there" advice, especially with the most recent stock market plunge. We’ll also discuss how bell-bottom jeans, 70’s style stagflation and oil prices are back, and what you and your family can do to combat these economic obstacles. If you’re feeling paralyzed by the fear of what could happen next on wall street and with our economy, this episode is a must listen.   

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Are we heading into a recession? For the first time in over 2 years, the S&P 500 recently entered bear-market territory, and inflation isn’t slowing down. Mike simplifies why he believes we may already be in a recession. He also explains what people near and in retirement need to take into account regarding their 401(k)s and other investments earmarked for their future. He also discusses inverse investments, COLA (cost of living adjustments), and how the economic uncertainty is impacting small business owners.

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