The Money Huddle

In this episode, we discuss the massive debt burden being carried by Millennials, disappointing tax refunds, and a cat that is likely the world's newest multimillionaire.

Some of the articles referenced in the podcast can be found here:

https://awealthofcommonsense.com/2019/02/whats-up-with-my-tax-refund/

https://www.cnbc.com/2019/02/21/karl-lagerfelds-cat-choupette-could-be-set-to-inherit-a-fortune.html

https://zerohedge.whotrades.com/blog/43382840196?gam=fcwn

https://www.bloomberg.com/news/articles/2019-02-25/millennials-face-1-trillion-debt-as-student-loans-pile-up

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this show, we discuss two trending news topics--the defunct FYRE festival and the FIRE movement. The FYRE Festival is a perfect case study on how easily people can be influenced to spend money if the story you tell them is appealing enough, which is alarming. The FIRE movement is a new trend that's taking hold in younger generations.

RootOfGood, FIRE Article on Obamacare Subsidies - https://rootofgood.com/obamacare_makes_early_retirement_easier_and_more_secure/

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, Michael and Ross discuss a question that is being asked more and more by younger couples:

"Will Social Security Exist For Me?" 

There are many narratives that exist about the status of the social security program, and we think it's important for couples to understand how the program works. In this episode, Michael and Ross specifically reference a video posted by Stephanie Kelton, a Professor of Economics and Public Policy at Stony Brook University. You can view the video here:

https://youtu.be/6X51VPaXyr8

There is also a sample social security report that is mentioned in the program, and we have made it available for download.

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, Michael and Ross discuss a news article from late 2018 which highlights a growing concern--people who are abandoning at-risk adults. It's possible that this type of behavior could result in the return or creation of filial laws.

Filial Law- Filial responsibility laws (filial support laws, filial piety laws) are laws in the United States that impose a duty upon third parties, usually (but not always) adult children for the support of their impoverished parents or other relatives. (Source: Wikipedia)

As caring for aging parents becomes more and more common, we encourage families to have a family meeting to discuss the plans for how to address this in the future. 

Link to article discussed:

https://www.wkyc.com/article/news/investigations/man-with-alzheimers-sent-on-one-way-flight-to-denver-among-scores-of-patients-stranded-in-hospitals/95-615153854

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, Michael and Ross discuss early and unplanned retirement, which impacts a large number of workers today. Most of our thoughts about retirement revolve around how long we need to work and save so that we can retire on our own terms. However, for some folks, they don't get that chance. 

Mentioned in the show:

Fox Business Article

https://www.foxbusiness.com/personal-finance/the-financial-struggles-of-unplanned-retirement

TransAmerica Study

https://www.transamericacenter.org/docs/default-source/retirees-survey/tcrs2018_sr_retirees_survey_financially_faring.pdf

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode we take a look back over the mania that was Bitcoin and cryptocurrency in late 2017. We review an article written by Michael during that time about Bitcoin's viability as an investment, and we take a look at how things have shaped up since then. 

The article mentioned in the podcast can be found at this link:

https://www.linkedin.com/pulse/5-reasons-you-shouldnt-invest-bitcoin-michael-h-baker-cfp-ricp-/

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

In this episode, Michael shares some of his opinions on how to begin the process of hiring a financial advisor. He discusses some general areas that clients should consider when interviewing advisor candidates.

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!

College can be one of the biggest financial burdens families with children are facing today. In this episode we discuss the college experience and some of our philosophy about selecting a college or university.

Thanks for checking out our podcast!

We make every effort to discuss topics that we believe are relevant for the families that we serve. If you have any topics that you'd like us to cover, you can email us at:
[email protected]

Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!