On this episode of the Planned Solutions Incorporated Podcast, There are many ways to categorize investments, one being

productive assets and another being speculative assets.

Productive assets are valued based on the earnings and

cash flows that they produce. The value of speculative

assets are based on what other investors are willing to pay

for them as there are no current benefits, such as income,

that make these assets desirable. Based on the differences,

these assets often behave very differently, with the value

of speculative assets often being far more volatile than the

value of productive assets.

Also, The IRS announced that the 2022 tax calculations will be adjusted 3.19% to account for inflation. This means that a number of tax numbers including the standard deduction, the tax brackets,

the annual gifting limit, and the estate tax exemption equivalent will all be increased in 2022. These adjustments should lead to tax

savings in 2022 for most filers

And, Many taxpayers were able to skip their Required Minimum

Distributions (RMDs) in 2020 due to the suspension of this

requirement under the CARES Act. However, RMDs are back in

2021, so it is important for taxpayers to make sure these are

processed by year-end. In addition, taxpayers may want to

review their tax withholding as their distributions may be larger

in 2021 due to investment performance and taxpayers being

two years older than they were in 2019, the last year RMDs were

required.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions want to wish you a happy holiday season and a wonderful New Year. Also, we want to make you aware that Planned Solutions will be closed: Thursday and Friday, November 25th and 26th for the Thanksgiving Holiday Friday, December 24th for the Christmas Holiday Friday, December 31st New Years’ Eve. Please note that any paperwork or forms that need to be processed before year-end should be submitted by December 15th at the latest. Otherwise, it may be challenging for Planned Solutions,

as well as the service providers that we contract with, to process the forms before the end of the year.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, The US inflation rate has been hovering around 5% for several months this year. This has created some financial strain for some households. However, with some planning, there are some small steps that consumers can take to reduce their personal inflation rate to a level that is more in line with the long-term average, rather than today’s elevated level.

Also, The Build Back Better tax and spending bill has been under negotiations in the House and Senate for the past several weeks. In the process the bill has changed significantly including the total price tag decreasing from $3 trillion to an estimated $1.75 trillion as several spending proposals were dropped. Many tax provisions included in the original draft of the bill have also been dropped.

And, The child and dependent care tax credit was expanded for 2021. The American Rescue Plan Act increased both the amount of child and dependent care expenses that qualify for the credit and the percentage of those expenses that may be claimed as a tax credit. This increased the previous maximum amount of the tax credit from $600 for one child and $1,200 for two children to $4,000 for one child and $8,000 for two children. With such a large amount at stake, it is important to understand the rules related to this credit.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Our office has been a construction zone recently. Part of this was planned and part of it was unplanned. The planned portion includes a renovation of the lobby and bathroom facilities in our building which continues, but we hope will be completed soon

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, The global supply strain has been stressed during the pandemic and is still struggling to catch up. The challenges can be simplified into three phases: blockages, shortages, and bottlenecks. In general, it appears that the global economy has largely moved past the blockages caused by the pandemic and there is no longer a major shortage of goods being produced. However, bottlenecks, especially those at transportation hubs, continue to be a challenge.

Also, The Social Security Administration recently announced that it will be increasing Social Security benefits by 5.9% in 2022, the largest increase since 1982. However, Medicare is expected to increase its premiums by $10, or 7%, which will offset some of the increase in Social Security benefits for many retirees. The Social Security wage base will also increase by 2.9%.

And, Student loan debt has become a major consideration for many graduates who are burdened with high debt that may hinder their ability to engage in long-term financial planning. In addition, recent changes to the laws have increased the options for paying back student loan debt which include income-based repayment options, public service loan forgiveness, and a 20-year repayment period after which student loan balances are forgiven.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl and Chase attended the virtual monthly meeting of the Financial Planning Association of Northern California. The program this month was focused on student loan strategies.

As a reminder, Planned Solutions reports, as well as most investment statements, are available to be sent electronically rather than in paper form.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, The US stock market appears to be overpriced based on a number of backward-looking indicators such as the price-to-earnings ratio. However, these indicators are relying on data reported in the middle of the pandemic, which may not be indicative of the future. Instead, investors may be pricing stocks by looking forward and anticipating continued growth in future earnings. Should these earnings expectations be met, or exceeded, stocks may no longer look expensive or could even offer attractive valuations going forward.

Also, The US economy has recovered from the Coronavirus-induced recession, but the labor market continues to struggle to fully heal. Some economists question whether the US labor market is broken, pointing to the millions of job openings that have gone unfilled while there are millions of people seeking employment

And, In 2020 a special tax provision was passed which allowed taxpayers who do not itemize their tax deduction the ability to deduct up to $300 in charitable contributions made by cash, check, or credit card. For 2021 this provision has been expanded to allow a $300 deduction for most taxpayers and a $600 deduction for a married couple filing a joint return. This new tax rule provides an opportunity for the millions of taxpayers who no longer itemize their tax deductions but would still like to benefit from small charitable contributions.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions’ cancer charity golf tournament was a great success this year.

Planned Solutions sponsored the Wounded Warriors Family Support golf tournament at Sierra View Golf Course this year. Chase’s son, Trevor, carried the Planned Solutions team with his long drives and great putting.

Chase played in the first-ever golf tournament for Greater Sacramento Capernaum, which is a charity supporting teens and young adults with physical and developmental disabilities.

Still on the docket for 2021 is the Sacramento Area Rotary Governor’s Cup golf tournament in October supporting Rotary’s polio eradication campaign and the Red Cross Drive For Disaster golf tournament in November.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, The House Ways and Means Committee recently voted to advance a bill which includes a number of tax law change proposals. While the bill is likely to change multiple times before becoming law, assuming it is even able to get through both houses of Congress, it is interesting to note the previously proposed tax changes that did not make their way into the current draft. Specifically, several of the proposals that could have increased the cost of tax compliance or made compliance with the law difficult were excluded.

Also, The University of Michigan Consumer Sentiment index has once again decreased to its pandemic lows after a short-lived recovery from April 2020 to May 2021. This may be an indication of future weakness in consumer spending or it may just be a hangover resulting from the end of stimulus payments and enhanced unemployment benefits.

And, Tax law changes expanded the definition of qualified

educational expenses for section 529 educational savings accounts. Now 529 plan assets may be used to fund private school tuition for K-12 in addition to funding expenses for college, university, and/or vocational schools. However, any money used for primary school education will not be available to pay for secondary school education, so it is important to review your long-term plan before using 529 plan assets to pay for K-12 private school tuition.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament was once again a big success. ,This year we raised over $11,000 for cancer charities bringing our cumulative total to $142,719. We would like to thank everyone who supported the event this year and in years past by attending the tournament, bidding on auction items, and contributing to cancer charities.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, The Social Security retirement program is now projected to exhaust its reserves by 2033. After that point the Administration will only have enough money to cover 76% of current projected benefits. Therefore, it is likely that changes will need to be made to Social Security benefits at some time in the future to put the program on firmer financial footing. However, how the program may be changed remains to be seen as there are many different ways lawmakers could change the program to fix its underfunding.

Also, The IRS has been sending out far more tax notices than it did in 2020 or even before the pandemic in 2019. However, the level of IRS customer service has continued to leave much to be desired as the IRS has been unable to keep up with the processing responses to its notices and is only able to answer 8% of the phone calls that come into its call centers.

And, Home improvement projects on a personal residence often fall into two tax categories. There are improvements that do not create a current tax benefit but increase the tax basis in the home which may reduce the tax owed when the home is sold in the future and there are projects that qualify for a tax credit which may reduce a taxpayer’s tax liability in the current year. It is important to keep accurate records and discuss any home improvement expenses with a tax professional to make sure the expenses are recorded properly.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase was recently a guest on the Can I Get That Software in Blue podcast. The podcast is intended for listeners who are in software sales or support and focuses on methods that professionals in software sales can use to learn more about potential customers.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, Recent minutes released from the Federal Reserve show that Fed officials are contemplating reducing the pace of their asset purchases as early as this Fall. This raises the question as to whether the market will engage in a second Taper-Tantrum similar to its negative reaction to Fed tapering in late 2018. However, the economic and financial backdrop is quite different this time around so a Taper-Tantrum could be avoided in aggregate while certain segments of the market may be impacted.

Also, Mortgage lenders in the US may soon be able to use a borrower’s history of making rent payments to help them qualify for a mortgage loan. This may be very helpful for borrowers who otherwise have a limited credit history. It also makes it very important that renters pay their rent on time and do so in a way that is easily trackable and able to be documented.

And, many people who purchased long-term care insurance are receiving notices stating that their premiums will go up, their benefits will be reduced, or both. This can be a real challenge for individuals who are counting on long-term care insurance to offset the cost of care later in life should they need it. Often this decision requires a thorough review of the changes to the long-term care insurance as well as an exploration of the other options available.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Book Report: The Psychology of Money, by Morgan Housel

When I wrote my book, Financial Planning Insights, I envisioned a book of short chapters that would give readers insights not just into important financial planning topics but also different ways to think about money and make more informed financial decisions. Morgan Housel’s book, The Psychology of Money, does just that in many ways exceeding my own ability to explain financial decision making and timeless

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021

Location: Rancho Murieta Country Club – North Course

7000 Alameda Drive

Rancho Murieta, CA 95683

Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, China may be following the pattern experienced by communist countries in the past. Rapid economic growth often leads to a redistribution of wealth, which is followed by government oppression, resulting in a purge of those who have come to embrace increased economic freedom. Should China repeat the mistakes of its predecessor communist governments it could have major implications for the global economy and multinational supply chains.

Also, Recent inflation data has been high but most economists expect it to moderate in the coming months. However, government spending on infrastructure has the potential to increase inflationary pressures or to increase consumer inflation expectations. When consumer inflation expectations increase there is often a corresponding increase in inflation creating an inflationary feedback loop.

And, Life insurance is an important financial planning tool that can be used for a variety of purposes to meet an individual’s or family’s financial planning goals. One type of policy that is often overlooked is a Second to Die policy in which the insurance proceeds are not paid out until the last insured passes. This can be a valuable tool for those who want to make sure their estate has ample liquidity to meet their estate plan needs.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021

Location: Rancho Murieta Country Club – North Course

7000 Alameda Drive

Rancho Murieta, CA 95683

Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, Stock buybacks and dividends peaked in the first quarter of 2020. Since then, the amount of capital returned to shareholders has declined every quarter as companies have retained more capital and focused on paying down debt accumulated during the recession. The question is: Will buyback and dividend activity recover to pre-pandemic levels or will there be a shift in corporate strategy to focus on financial stability over returning capital to shareholders?

Also, Some government programs that were put in place to address the economic challenges resulting from the pandemic have been highly promoted, while others are little known and have been largely underutilized. Households and businesses should conduct a review to see if there is additional assistance available that will allow them to bounce back from the pandemic faster and help to undo the damage from the past 18 months.

And, With inflation increasing, many manufacturers and retailers are going back to their old playbook, which may include raising prices, offering fewer discounts, and of course shrinking the size of their packaging. Smaller packaging makes the price per unit higher even though the list price is the same. The goal is to take advantage of consumers who are not paying close attention to the price and quantity of their purchases. This makes it even more important that consumers monitor their purchases and their prices when making buying decisions.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS and State tax agencies appear to be more active in sending out tax notices recently. This may be yet another sign of things returning to normal as more and more people get vaccinated.

Chase attended a virtual conference on sustainable investment strategies. This continues to be an area that is capturing investor interest but, as with most new areas, there is little agreement as to how these strategies should be defined. This makes for a very fluid landscape as definitions, strategies, and metrics for measurement are constantly changing.

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021

Location: Rancho Murieta Country Club – North Course

7000 Alameda Drive

Rancho Murieta, CA 95683

Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds

On this episode of the Planned Solutions Incorporated Podcast, Taxpayers have begun to receive notices about the advanced payment of the new expanded child tax credit. However, many taxpayers end up with questions about how much of a credit they will qualify to receive, whether they should elect to receive advanced payments or claim the full tax credit on their income tax returns, and how they can update their information with the IRS so that the number of their advanced payments are calculated correctly.

Also, The federal government deficit decreased over the past nine months despite an increase in federal spending related to the pandemic. The decrease was largely due to a sharp increase in personal and corporate tax revenues as the US economy has bounced back from the economic restrictions implemented to slow the spread of the Coronavirus.

And, a Limited supply of new cars due to supply chain disruptions has created a hot market for new and used cars. This is the market for a new car that may find higher prices and fewer options in terms of the vehicles available. However, in many cases, financing terms are still favorable, and buyers may be able to get a premium price for their trade-in. Meanwhile, those in the market for a used car may find few available and higher prices as the average age of the vehicle on the road increases due to reduced vehicle turnover among car owners.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl and Chase attended the July meeting of the Financial Planning Association of Northern California. The meeting topic was the changes to the insurance industry in recent years.

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021

Location: Rancho Murieta Country Club – North Course

7000 Alameda Drive

Rancho Murieta, CA 95683

Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected]

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE:

1130 Iron Point Road, Suite 170 (916) 361-0100

Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #inflation #deflation #bonds