Guarding Your Nest Egg

December has been a little unsteady on Wall Street and many want to capitalize on the market dips. On this episode, Mike boils down how some indicators are reminiscent of 2007 and what investors need to consider. Plus, he explains how to prepare for possible volatility in the new year, along with continued inflation and the unknowns of Biden’s tax plan. He then reflects on the joy he feels as a fiduciary financial advisor when helping people create a plan that shows when they have the freedom to tell their boss to “take this job and shove it.”

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Remember the late 80’s campaign “This is Your Brain on Drugs?” 🍳 This week Mike discusses the current reality of our “brain on inflation.” He also explains why he believes 2022 is on track for an economic pullback, and possibly a recession if we don’t see a catalyst for continued growth soon. He simplifies what you should be doing to prepare when all the bubbles burst. Plus, a story that reminds us why making financial decisions out of fear isn’t a good idea.

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This week Mike shares tips about what you and your family should to consider regarding your investments and the volatility he’s concerned about next year, along with capital gains taxes and the future of your taxes in retirement. Mike also sheds light on how the vaccine mandate is impacting the jobs of many baby boomers, and the choices about your 401(k) and workplace retirement accounts you could be facing if you're in that situation. 

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Stores are crowded with people that have a plan to find the best deals on Black Friday and throughout the Christmas season. Mike reveals the financial difference it could it make if someone took similar time and effort to evaluate the fees & taxes inside their portfolio. And for a few years there’s been a “sale” of sorts on tax rates. Mike explains what to keep in mind based on the latest tax debate from Capitol Hill. Plus, he breaks down what the talking heads are predicting about the technology sectors of the market through the end of 2021. 

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After we share what Mike and some of our listeners are grateful for, we discuss how the Thanksgiving turkey, pies and sides are expected to cost more compared to last year. Find out Mike’s insight as to whether this is an isolated price spike due to the supply chain problems, or if we need to prepare for more inflation in 2022. Plus, as 2021 winds down, Mike shares year-end moves to consider and tips for those who need to take out RMDs.   

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If Wall Street doing so well for so long makes you happy and nervous all at once, this episode is a must listen. Mike explores if these ongoing highs are happening for the right reasons, and what to consider if you’re currently lacking investing confidence. We also discuss the current pain at the pump, and what to consider concerning commodities and your portfolio. Plus, how Mike is helping one of his clients navigate what to do with their workplace retirement accounts since a vaccine mandate has put them out of work.

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After discussing how one business has found an interesting way to motivate teenagers to excel in school and help the labor shortage, we focus on cryptocurrency and trying to control the natural emotions of investing in general. Plus, Mike explains how better uncover if your investment fees are appropriate for what you’re receiving.

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Mike isn’t “woke,” but some economists are concerned that “wokeness” is negatively impacting our economy. If that worries you too, listen as Mike highlights what to keep in mind regarding inflation, the market, and ongoing supply and demand concerns. It’s not just about today’s impact. You need to know how these issues can affect your bottom line in the future. He then explains how he’s helped a few small business owners prepare to retire on their terms during this unchartered economic time.

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After Mike’s 9-year-old fills us in about a rare penny that could be worth $20,000, Mike explains how and why deflation could be the next risk investors face. Plus, with William Shatner at age 90 becoming the oldest person to “gaze into the final frontier” on Blue Origin’s space flight, Mike tells a fascinating story about how one of his clients is doing to push his own limits in retirement.

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As the holiday season approaches, you’ll appreciate Mike sharing his own Christmas Vacation tree moment that happened with his family. Then we uncover why you might be paying more for December decorations this year. Plus, the NFL added a new taunting penalty this season that caught some fans off guard. Mike clarifies why it’s critical that your advisor continuously update you about ongoing retirement rule changes. Football players with padded paychecks paying a penalty is one thing… but Mike is passionate about you being informed and guarding your nest egg against unnecessary financial penalties.

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