Chad opens up the Podcast with a brief analysis of various stocks, making note of a handful of large companies whose stock prices are currently down. Chad then goes on to address the impact of COVID-19. Chad notes the market has revealed harm to the travel and leisure industries, including places that are hurt by a lack of physical shoppers at store locations, while many other industries have been unaffected, or thrived during the pandemic. 

 

He then goes on to discuss tax cuts from 2017, noting that retirees benefited greatly. Chad questions the longevity of these tax cuts after noting the direction of politics in the United States. Chad lists the possible election of Joe Biden as president and the push for affordable healthcare for all Americans as a reason to expect taxes to increase in the near future. He notes the need for planning for taxes and explains that technology has made investing easier than ever.

 

Next, Chad takes a deeper dive into planning for retirement, urging those approaching retirement to manage their risk. Chad notes the importance of staying clear and engaged in chasing your health and retirement goals. He places emphasis on staying on top of your heart leading up to and during retirement, noting that people that spend all of their new free time in retirement obtaining new investment behavior need to focus more on their overall health and continue to trust their long term financial planning and advisors. 

 

Chad moves on to explain that most people will live longer than they expect to and urges people to plan for that. He encourages his clients to live until age 100, and not to retire until they can afford to live that long. Next, he takes on a question from an anonymous listener who has two forms of retirement savings and over $30,000 in debt. The listener asks Chad about what form of investments he should get into. Instead of instructing the listener on new investments, Chad urges him to get rid of his debt. 

 

Chad brings the episode to an end with some final remarks about tax expectations in the future. He lists healthcare, social security, infrastructure, and others as the main reason we can expect raised taxes. Finally, Chad talks about the importance of finding a financial advisor that can do it all for you; a one-stop shop where you don’t feel the pressure of being sold something, rather a place where you can lay everything out and get a birds-eye view of what is currently happening in your financial life, and what could happen in different scenarios.

 

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