The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “Listener Case Study: 5 Years’ Worth Of Cash?!”. Originally episode 1271 from April 7, 2022.

The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “Fund Your HSA First”. Originally episode 1255 from March 22, 2022.

The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “Doing This One Thing Could Save You $1,000,000”. Originally episode 1245 from March 12, 2022.

The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “3 Reasons To Pay Off Debt Before Retirement”. Originally episode 1235 from March 2, 2022.

The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “Keeping Enough Cash On Hand For The Next Recession”. Originally episode 1229 from February 24, 2022.

The theme this week on the Retirement Quick Tips podcast is: The Best of 2022. I’m bringing you into the new year with some of the best episodes from 2022. 

Today’s best of episode is “The #1 Reason You Shouldn’t Retire in 2022”. Originally episode 1208 from February 3, 2022.

Welcome to a new week here on the Retirement Quick Tips podcast! I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor and I’m using my 15 years of experience as a financial advisor to help you gain clarity and make a plan for the retirement you envision.

On this podcast I help you plan and invest wisely for a secure and comfortable retirement in just a few minutes each day, so if you’re 5-10 years on either side of retirement, and looking for some daily doses of retirement planning wisdom, you’re in the right place. 

The theme this week on the podcast is: The Best of 2022

I’m bringing you into the new year with some of my favorite episodes and topics from this past year. I’ll cover everything from…3 reasons to pay off debt before retirement to why you should fund your health savings account before any other retirement savings account, to one of the episodes that has aged particularly well this year: Why I hate cryptocurrency. 

I am due to have baby #4 on January 1st, so for the next 2 weeks, I’ll recap the best of episodes from 2022, then starting January 9th, I’ll be taking a couple of weeks off the podcast. I’ll return with new episodes the week of January 23rd. 

If you have a goal or resolution for 2023 that’s related to your finances, send me an email and let me know what your goal is and how you plan to achieve it, and any potential roadblocks or challenges you think you might have with reaching your goal. 

I’ll pick my favorite submissions and feature them on the podcast later this month.

My email is [email protected]. That’s [email protected].I hope what I have to share with you these next 2 weeks will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow where I’ll kick off the best of with the #1 reason you shouldn’t retire in 2022, that still holds true for 2023. 

Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast. And of course, it’s Christmas! Merry Christmas to you! I’m spending this morning opening presents with my kids and experiencing the wonder and joy of Christmas morning through them. We’re also hosting family for brunch this morning, and then I hope to get a nap in at some point, as I am 39 weeks pregnant with baby #4 today. 

I’ve enjoyed spending this year with you and I wish you and your family many blessings this Christmas. 

This week the theme was: Sure Fire Bets That Fizzled Out

In case you missed any episodes, here’s what we discussed this week…

• Why Marajuana Stocks Have Fared Poorly Despite Legalization
• What Happened To Netflix?
• Bitcoin: I Told You So!
• The Sure Fire Bet on Real Estate That Went Bust
• Why Green Energy Hasn’t Produced Returns For Investors
• Sure Fire Bets That Fizzled Out | Recap (Merry Christmas!)

The most important takeaway from this week is that the narrative for these sure-fire winners should be instructive…just because there’s a good reason to believe that a certain investment, industry, or company will produce profits for investors, it doesn’t mean the actual results will materialize. Investments should never be bought for speculative reasons without first being sure of the fundamentals. There are numerous ways to determine if something is worth investing in, but what it boils down to is: is this investment worth buying and a good value at the current price? If you’re unsure or can’t determine that, then it’s best to move on. 

Tomorrow I’m starting a brand new weekly theme: Best of 2022

We’ll revisit some of the most popular and downloaded episodes to close out the year and ring in 2023. 

As I mentioned, I’m just a week away from my due date for baby #4 - due January 1st, so starting the week of January 9th, I will be taking a couple weeks off without any new episodes, and then I’ll be picking things back up with my investment and economic outlook for 2023 again later in January, so stay tuned. 

Thank you so much for listening this week! If you’re enjoying the podcast, chances are someone else you know who is getting close to retirement could also benefit from checking it out, so please share the show with a friend, a neighbor, your sister, or your boss. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the Retirement Quick Tips Podcast is: Sure Fire Bets That Fizzled Out

Today, I’m closing out the week with talking about green energy. One area of investing that as a group hasn’t done well is green energy. This is surprising given the strong push towards alternative energy sources like solar, wind, and the technology advancements that have make hybrid and electric cars more common. And more recently, with the controversial emphasis on ESG investing, I would have expected that alternative energy companies would have fared well over the last several years. 

Of course there have been many individual winners in this space, but looking at the market broadly it paints a very different picture. The index fund ICLN - diversified global clean energy ETF is a good benchmark for the overall returns in the green or clean energy space. It’s lost about 60% of its value since it’s 2008 inception - so very bad returns over a very long period of time, when most everything else has seen strong gains since this time. 

I think the lesson here with investing in green energy is that being too early on a trend can be very painful. It’s likely that the winners and losers with respect to climate change will take decades to sort out. It’s still very unclear how we solve this climate change problem and many alternative energy sources are still proving themselves to be unreliable and needing government subsidies just to survive and have any chance of competing against the still cheap and abundant energy source of fossil fuels.

Despite the explosive growth and tremendous amount of capital that’s flooded into renewables and the politicization of this topic, that’s unlikely to overtake oil any time soon, meaning that investors who are interested in investing in green energy, need to be aware of the real risks and should be very patient if they want to tilt their investment portfolios in this direction. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

The theme this week on the Retirement Quick Tips Podcast is: Sure Fire Bets That Fizzled Out

Today, I’m talking about the sure fire bet of real estate that went bust in the mid-2000s. In the mid-2000s, it was accepted as gospel that housing prices would continue to rise. I remember hearing people say things like, real estate will only go up from here. Of course, that didn’t happen. 

Many people bought homes with little to nothing down and were able to secure mortgages they couldn’t afford with adjustable rates. Risky loans were repackaged and sold as investments and it didn’t take much for it all to unravel. 

By 2008, the housing market was still in freefall and my husband and I were looking to buy our first house.  At the time it seemed like every other house we looked at was a foreclosure or short sale. 

I see a lot of similarities with real estate today, but since lending standards have tightened significantly, and people have a lot more equity in their home today to provide a better safety net, it’s not clear what will happen to the housing market as it continues to slowdown. 

But this time around, exceptionally cheap borrowing has made it a lot easier for people to leverage up and buy not just houses, but rentals, commercial properties, etc. 

When you look at real estate broadly as a group, the US REIT (Real Estate Investment Trust) Index was down more than 20% for this year through the end of November. It’s a broadly diversified index that includes real estate investments in the residential, office, industrial, and retail sectors, and it shows how after a run up of 43% last year, real estate is in a bear market already in 2022. 

The lesson here is that the experts often get it wrong. No one truly knew what would happen with real estate in the mid-2000s, and no one knows what will happen with real estate today. WIll we experience a small correction or a total meltdown on par with the collapse of 15 years ago? 

Since we can’t predict what real estate, or more specifically housing prices or mortgage rates will do from here, it’s important to not get swept up in the circumstances and prevailing opinions of the day when making big financial decisions like buying a house or buying an investment property. I think a lot of people overextended themselves over the last several years with too little down or too high of payments that were contingent on the economy staying healthy, full employment and full occupancy. If the economy continues to weaken in 2023, we could see things get much worse across all sectors of the real estate market. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

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>>> Visit the podcast page: https://truenorthra.com/podcast/ 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance