Real Money Pros

Consumer debt on credit cards has hit the $1 Trillion mark. This definitely shows that the stigma around debt has clearly changed, as it's no longer seen as a "bad" way to conduct your finances. Although there are ways debt can be abused, what are the other negative implications that this trend could have on household budgets and the U.S. economy as a whole? Jeremiah gives his market update, which includes commentary around Fitch's downgrade of U.S. bank lending and the forecasted recession that we're supposedly going to see at the end of 2023. In the last two segments, Nic and Alex talk about pensions and what options should be considered if you have one. There are multiple ways you're entitled to receive your pension payments, but maybe only one of those options is best for you. Be sure to work with an advisor to make sure you're able to maximize your benefit.

Hosts:

Jeremiah Bates, Financial Advisor

Nic Daniels, BFA™, Financial Advisor

Alex Lundgren, AIF®, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

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SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Inflation is sticking – and so is consumer spending. For how much longer can Americans maintain extra cash for things such as entertainment? Even with the rising costs of living and the general condition of the stock market, there are still so many opportunities to take advantage of. It may just take a little readjusting…

Hosts:

Alan Holman, CFP®, Wealth Advisor

Jeremiah Bates, Financial Advisor

The Real Money Pros:

https://www.therealmoneypros.com

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SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Some of the biggest financial news last week was that Fitch's bond ratings for the United States were downgraded, leaving a bit of a market sell off. What does this decision say about the U.S. and its fiscal policies? Brian and Jeremiah talk a lot about bonds and where (and if) they belong within your portfolio. Jeremiah gives his market update for the week, where U.S. indexes left off, and what companies outperformed. Alex Lundgren talks about the top five, most commonly overlooked expenses that retirees find. Make sure you are saving enough! Social Security, listener questions, and much more!

Hosts:

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

Nic Daniels, BFA™, Financial Advisor

Alex Lundgren, AIF®, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Someone was able to scam hundreds of thousands of dollars from a prison cell? Alan Holman, joined by Brian Wiley, go back and forth on the issue of fraud, especially when it comes to senior citizens and those with limited mental capacity. If your parents or someone in your family falls into that category, it may be time to take over some of their responsibilties. They also talk about bonds and the recent downgrade of U.S. debt by the credit rating agency, Fitch. What does that mean for bonds? They discuss how they work and where or not bonds are something you should be trading. ETFs, generating income in retirement, listener questions, and more!

Hosts:

Alan Holman, CFP®, Wealth Advisor

Brian Wiley, Financial Advisor

The Real Money Pros:

https://www.therealmoneypros.com

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SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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The directions that the markets move are largely out of your control. That means your money can lose value, even if you're doing all of the right things. But, there are some things we CAN control. In the first hour, Jeremiah discusses ways that investors can maximize their savings potential by being as cost efficient as possible. That includes finding investments with the lowest management fees, mitigating trading costs, and using the most tax-efficient accounts for your situation. Plus, the team explains the downsides of being too risk averse when investing. How much does your hesitation cost you in the long-term?

Hosts:

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Someone came to Jeremiah and said that they had roughly $10,000 to invest – and Tesla was a company that they had their eyes on. For whatever reason, there was some hesitation to pull the trigger. The result? Let’s just say they could’ve more than doubled their money… This morning, Brian and Jeremiah talk about risk taking when it comes to investing and the willingness to put your hard-earned money on the line. Plus, some small tactics we can use to get over the fear of losing.

Hosts:

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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We've all been young once... and probably made some dumb financial decisions (or many). Brian and Alex hit the topic of financial "whoopsies" and how you can most likely fix them if the poor habits stop. Since Alex is our in-house Social Security Analyst, she touches on some of the more common mistakes that people miss out on when it comes to setting up their Social Security payments. In the second hour, the team talks about the value of the U.S. dollar and whether or not it is doomed to failure. Does the Federal Reserve really know how to pull us out of our recession?

Hosts:

Brian Wiley, Financial Advisor

Alex Lundgren, AIF®, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Christmas in July? Well, not exactly, but now that we're in the middle of summer, we're going to start preparing for tax season! The more time we have, the more likely we are to get it all right. Making sure everything is checked off the list will result in the least amount of taxes owed as possible. Get it done by December 31st – Your CPA will love you. Alan and Brian talk about maximum contributions to accounts, Donor Advised Funds, RMDs, and more.

Hosts:

Alan Holman, CFP®, Wealth Advisor

Brian Wiley, Financial Advisor

The Real Money Pros:

https://www.therealmoneypros.com

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SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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In your day to day, where do you feel the impacts of inflation the most? Give the example of any economic hardship in the last few decades and you'll see people running out of the markets and eager for a definite answer. But while everyone is running out... run right in! However, as we saw consumer reports hit the public last week, we say tons of investor optimism. The headlines may be talking about inflation, but it seems consumers are continuing to spend! Amazon Prime Day(s), using Gold as a hedge, travel stocks, and more. Political discussions and what we need to see from following administrations.

Hosts:

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

The Real Money Pros

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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Retirement: The one main goal that people strive for when saving and investing. So this morning, Alan and Brian hone in the discussion on retirement plans and the different forms that they can take. Traditional IRA, 401k, 403b, and 457 plans just being a few options we can choose from – depending on our situations of course. While we believe that Social Security isn't going to leave us for good anytime soon, there are some actions that we need to personally put into place to supplement any potential financial shortcomings that may come with Social Security in the future. Most Americans aren't financially prepared for retirement. Make sure you're not one of them!

Hosts:

Alan Holman, CFP®, Wealth Advisor

Brian Wiley, Financial Advisor

The Real Money Pros:

https://www.therealmoneypros.com

—————————————————————

SPONSORS:

Academy Mortgage:

https://academymortgage.com/?lo=dave-perry&utm_source=podcast&utm_medium=description&utm_campaign=show_sponsor

Lively (HSAs and FSAs)

https://livelyme.com/pro

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Advisor Insurance Solutions:

https://advisorinsurancesolutions.com/

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