Real Money Pros

Kent, Alexandra, and Jeremiah take over the program to talk about the pitfalls of high income earners when it comes to retirement. Even for someone who makes $200k/year, it's almost impossible for them to live off of 401(k) and social security benefits alone. The team talks about money behaviors and how it's the basis for funding your later years. Plus, they touch on good debt vs. bad debt, savings, and questions that you should be asking your current CPA.

Jeremiah Bates and Kent Owings take over tonight's show to discuss this question: Are we headed towards another housing crisis? With mortgage forbearance deadlines approaching, gov't money assistance, and future uncertainty, our housing market could start to form a systemic issue. However, bad times can often lead to opportunities! The two colleagues discuss more about real estate and how it's not the only way you can fund your retirement.

Steve Cilley joins the program to talk about the call that he and Brian had with Congressman Russ Fulcher earlier that morning. The acts implemented by Congress are not accurately being enforced by the SBA when it comes to PPP Loan forgiveness. The SBA are promoting deadlines for applications that were extended by congress in the Flexibility Act. FICA taxes are currently not included in the forgiveness program, so Brian and the team are looking to shed light on the issue on the federal level.

Brian is joined by colleagues Steve Rausch and Kent Owings to further discuss PPP Loan forgiveness. As a business owner, did you do it right? If you took all of your income as a dividend, there may be some issues you need to deal with! The trio explains what you need to do to fix it and why it can end up causing more financial issues. Plus, don't fill out your forgiveness application just yet. It's going to change...

Today, the NASDAQ saw an all-time high. During these times, how is that possible? Tech stocks soar with high returns while energy becomes the worst performing sector in the index. Jeremiah Bates joins Brian Wiley to give advice on stock investments, warning you that buying well-performing stocks means that you're already too late. They talk about when to exit a position and how sticking to a strategy can help you in the long run. Ask your advisor about tax advantage lots!

On this Monday, Brian Wiley poses this question: Are we currently experiencing the dismantling of our capitalist society? With coronavirus lockdowns and other current events, it sure seems the government is taking more and more control over its citizens. Plus, what are the risks to society from completely re-opening society? On the other hand, what are the risks to businesses staying closed? How long can we keep this up until our economy can't take it anymore?

Financial advisor, Kent Owings, joins Brian Wiley to talk about a young man that committed suicide after finding a negative balance of $730,000 in his Robinhood investment account. How could this happen? They talk about how low information investors rule the market and how that makes the stock market so volatile. Developing goals and establishing investment strategies is the best way to control your risk in the market. Check your confidence when investing because most likely you're part of the dumb money!

Brian Wiley and Steve Marsh talk about team coordination. People end up losing thousands and thousands of dollars due to following financial advice from professionals who aren't part of a coordinated team of planners. They talk about the importance of working with a team that offers different skill sets and how losing money doesn't only come from bad investment advice. Get help managing your wealth from true fiduciary, someone who doesn't have a commission incentive. Make them work in YOUR best interest.

Bankrate.com put out a poll today reporting that 3 out of 4 Americans' finances have not improved during Trump's administration. If you look closely, however, you'll see that the poll was taken during the COVID pandemic. Be aware of polls, especially in election years! Brian Wiley talks about diversifying your investment portfolios with international stocks, which can help lessen the financial impact of recessions like the one the U.S. is currently foregoing.

Steve Rausch joins the program to talk about Bostock v. Clayton County, where the Supreme Court ruled 6-3 distinguishing the fact that employers cannot fire an employee merely for being gay or transgender. Steve and Brian Wiley break down the case and discuss how the ruling could effect small businesses located in more conservative markets. Plus, while revenue rose 10-20% for retail stores in the month of May, about 1 in 4 of retail workers were exposed to COVID-19. What if you lost 25% of your work force?