Making mistakes is inevitable, but don’t make them often! Minor financial mistakes that you make now, have the potential to have great repercussions as time goes on. Be sure to work with a professional! Brian learns what “woke” means and it sparks the conversation of how political views often bleed into your investment strategies. Beware – opportunities live on both sides…

 

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

87,000 new IRS agents were hired – for what?! The bigger question we should be asking, is “for whom”? Crypto hackings continue, skyrocketing the amount of money lost within investors’ crypto wallets. Companies continue to lay off their workforce, Turkey slashes interest rates despite ridiculously high inflation, and we learn that our kids are costing us a fortune.

 

Resources:

https://www.heritage.org/budget-and-spending/commentary/fact-checking-team-biden-who-those-87000-new-irs-agents-would-audit

https://www.reuters.com/markets/us/losses-crypto-hacks-surged-60-19-bln-jan-july-chainalysis-2022-08-16/

https://www.cnbc.com/2022/08/17/crypto-broker-genesis-slashes-20percent-of-workforce-and-announces-ceo-exit-.html

https://www.cnbc.com/2022/08/18/turkey-surprises-markets-with-rate-cut-despite-inflation-near-80percent-.html

https://www.reuters.com/business/retail-consumer/furniture-retailer-wayfair-cut-870-jobs-2022-08-19/

 

https://www.wsj.com/podcasts/minute-briefing/inflation-pushes-the-cost-of-raising-a-child-to-above-300000/24418493-9ad8-4c0f-90d9-10afac10db2a

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Frequently asked questions – answered! Many of you have been asking about Roth IRAs, so Nic dives in to give you all some clarity. He explains what a contribution is, its limits, and more. Roth conversions, tax implications, and everything else you need to know!

 

Resources:

https://taxfoundation.org/2022-tax-brackets/

https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2022

https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work

https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-not-covered-by-a-retirement-plan-at-work

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Is China still the big and intimidating country we thought it was becoming? We don’t know what they have up their sleeve when it comes to taking control of Taiwan, but we do know that a full scale invasion could mean trouble for their already-rocky-economy. China’s recent infrastructure development failures may be all we need to see to answer that question…

 

Sources:

https://www.city-journal.org/chinas-increasingly-fragile-economy

https://danieljmitchell.wordpress.com/2022/07/25/in-one-chart-everything-you-need-to-know-about-china/

https://247wallst.com/special-report/2022/07/22/foreign-countries-that-own-the-most-u-s-land/11/

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

When you’re young, recovering from financial mistakes can easily be done. But when you’re aging closer to retirement, not so much. Brian and Kent give out cautionary flags regarding the sales of annuities and other similar products. Also, attorney Steve Rausch joins in via phone to discuss designing trusts and proper estate plans.

 

Brian Wiley, Financial Advisor

Kent Owings AWMA®, Wealth Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

The meditation app Calm lets go of 20% of their employees. At least they can use the app to cope? EV trucks are becoming more expensive due to battery manufacturing costs, Pfizer expands into other companies, and the financially elite focus their attention back on the stock market.

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

During a rocky and uncertain economy, annuity sales reach new records. At the base of it all, it comes from selling fear. A trade of mediocre gains for “guaranteed” income. Nic explains why these usually aren’t your best tools for retirement saving.

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

If you want to start learning how to ski and expect to be a world champion in the next year, you’re highly mistaken. Financial success is based on setting realistic expectations and implementations. Don’t understand crypto or real estate? Don’t invest in it! Plus, Brian and Jeremiah pose the question: What can employers do to better retain their employees?

 

Brian Wiley, Financial Advisor

Jeremiah Bates, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Blackrock and Coinbase cut a deal this week. Good for them, but hopefully Blackrock knows what they’re doing… It has NOT been a secure week for crypto! The VA has thousands of dollars worth of unused electronics stuck in a warehouse and Elon Musk seeks to earn more capital from investors.

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com

The Inflation Reduction Act aims to do just that. Reduce the amount of inflation. But will it work? The bill highlights its goals to tax the rich and large corporations, but a deeper look shows that it may affect everyone…

 

Resources:

https://americansforprosperity.org/inflation-reduction-act-facts/

  https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf   https://www.marketwatch.com/story/whats-in-and-out-of-democrats-739-billion-inflation-fighting-package-01658980250?siteid=yhoof2   https://www.politico.com/news/2022/08/02/income-minimum-corporate-tax-deal-00048929

 

Nic Daniels BFA™, Financial Advisor

https://www.therealmoneypros.com

https://www.treecityadvisors.com