The Money Huddle: Recent Episodes
Vertex Capital Advisors
This show is for young families, entrepreneurs, and business owners who want to make better decisions with their finances. We explore a variety of financial topics--from the standpoint of financial professionals and as husbands/fathers.
Learn more about us at www.vertexcapitaladvisors.com
All opinions expressed by Michael and Ross or any podcast guests are solely their own opinions and may not reflect the opinions of Advisory Alpha. The podcast recording is for informational purposes only and should not be relied upon for investment decisions. Clients of Advisory Alpha may maintain positions in securities discussed on the program.
Investment advisory and financial planning services offered through by Advisory Alpha, LLC, a SEC Registered Investment Advisor. Insurance, Consulting and Education services offered through Vertex Capital Advisors. Vertex Capital Advisors is a separate and unaffiliated entity from Advisory Alpha, LLC.
You can view our disclosures at: https://vertexcapitaladvisors.com/full-disclosure
While we were celebrating the holidays, Congress was busy at working passing a massive 1.7 Trillion Dollar Omnibus bill. Part of this bill included language for The Secure Act 2.0--- even more provisions that can impact Americans who are planning for their retirement years.
In this episode we briefly highlight several areas which include:
- New rules for required minimum distributions
- Additional areas for consideration in ROTH IRAs & 529 Accounts
- Changes to employer matching & catch-up provisions inside employer sponsored plans
One of the realities of financial planning is that rules and regulations can always be subject to change. This is why planning is a process---not an event.
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:
themoneyhuddle@vcplanning.com
Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!
One of the most commonly misrepresented financial products is Indexed Universal Life insurance. You may have heard these described as:
- MPI strategy
- Compound Accounts
- Millionaire's ROTH IRA
- The Secret Sauce that Millionaire use
...and the list goes on and on.
In this episode, we talk to an insurance specialist in an attempt to separate fact from fiction when it comes to Indexed Universal Life products. Take a listen!
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:
themoneyhuddle@vcplanning.com
Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!
One of the most polarizing financial products in the marketplace is annuities. Love 'em or Hate 'em, annuities are not going away.
In this episode, we sit down with 2 industry experts that specialize in the fixed insurance space--specifically, working with annuities. Some areas we discuss:
- how opinions on annuities are influenced by advisors & compensation
- understanding how annuities can mitigate risk
- what annuities can do that other asset classes can't do
- how annuities can protect one's lifestyle in retirement
Please take a listen---and don't forget to subscribe to our podcast!
An Annuity is a long-term financial product designed largely for asset accumulation and retirement needs. All guarantees are backed by the claims-paying ability of the issuing insurance company.
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:
themoneyhuddle@vcplanning.com
Interested in working with our team? You can create a FREE report using our Asset-Map software program. Click here to get started!
The next 48 hours could be significant investors, as they attempt to digest several important economic data points:
- CPI comes in lighter than expected at 7.1% vs 7.3%
- The Fed has its December rate announcement on Dec. 14th
- Could we see some dovish comments or more doublespeak?
Also, SBF was arrested.... strangely, he was taken 1 day before he was scheduled to testify. Odd timing for sure. More and more, this FTX thing appears to be another scam where custody is at the heart of the issue.
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:
themoneyhuddle@vcplanning.com
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:
- ChatGPT writes us a new intro
- The coming Fed decision
- The latest market moves and economic data we're watching
- When to get started with Retirement Planning
- Sneak peek into upcoming Money Huddle episodes
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:
themoneyhuddle@vcplanning.com
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 make a quick recap of several news stories we are monitoring:
- the outcome of the 2022 midterm elections
- some canaries in the economic coal mines
- a major political announcement
We end with a response to an age-old question: "What do you think of gold as an investment?"
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:
themoneyhuddle@vcplanning.com
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, our conversation focuses on the idea that someone, somewhere is going to ride in and save us from financial failure.
Americans have become champion consumers, yet we need to be champion savers. We need to shake off the feelings of malaise and get focused on our long-term financial goals.
While this doesn't mean that we cannot "live" some today, it does mean that many of us need to get re-oriented towards a retirement future that is going to look quite different than retirement of today.
The last 2 months have been brutal for investors, as the market has posted 7 straight losing weeks.... that is, until this week. Are we seeing a reversal in the downtrend?
OR
Is this a bear market bounce?
Elon Musk steps in to buy Twitter. Negative GDP print for Q1 2022.
Student loan debt forgiveness and borrowing trends.
Annuities should be part of Retirement...but maybe not why you think?
In this episode with sit down with Jon Lohr to discuss several topics that are top of mind for investors today. Jon has a diverse background in corporate finance and investment management, and we enjoy bringing him on the show to hear his perspective on technical topics like interest rates, inflation, and the yield curve.
In this episode we are joined by Steve Osterink, Jr. to discuss some recent updates and current trends within the stock market.
For a full description, you can visit the show's webpage at:
https://vertexcapitaladvisors.com/our-podcast/state-of-the-markets-with-steve-osterink-jr
In this episode we touch discuss a handful of recent topics:
-Walmart earnings and the growing trend of delivery / convenience services in retail and food industries
-The Fed's latest minutes
-Will SC see a state income tax deduction?
-The recent market volatility and how investors can think about the road ahead
Thank you for listening.
In this episode, we discuss the current market and economic climate after January 2022.
This year has been quite a ride. There were numerous stories that captured attention. In this episode, we stroll down memory lane and chat about some of the stories that stuck out to us. What events had the most impact on you in 2021?
While many Americans were enjoying Thanksgiving leftovers and Black Friday shopping, the news broke that there is a new COVID variant of concern.
In this episode we discuss:
A huge blunder by Zillow
The rise of Stable Coins in the US financial system
A time tested Retirement Income "rule" could be on shaky ground.
In this episode we discuss some of the persistent trends resulting from the COVID19 pandemic--inflation and employees leaving their jobs.
Check it out.
One of our favorite conversation topics in the office is sports. No matter the season, we find something to discuss aside from our day to day conversations about money. Football, however, holds a special place in our hearts. That's why we are back this year with another "If Quarterbacks Were Stocks" episode. We hope you enjoy.
This week's episode is the audio from our monthly webinar series. This month, interviewed Steve Osterink, Jr. about several topics that we are monitoring with markets and the economy. Hope you enjoy the interview!
Jon Lohr is a valued member of our team, and for this episode, we coaxed him out of his black box to share some thoughts with our listeners.
Jon currently handles the daily investment research and portfolio management responsibilities for the Investment Team with Advisory Alpha. This involves asset allocation research, fund monitoring, due diligence, investment strategy evaluation and implementation, and performance monitoring.
Join us as we have a virtual chat with Jon!
Planning for retirement involves many different (and sometimes difficult decisions). Pay close attention to some decisions that can only be made once.
In this episode, we discuss the new digital frontier for artists and creators that are using NFTs to get paid for their work. We also discuss a new Farnam Street blog that breaks down how we are wired to make bad decisions.
Investors should consider their true progress, not their activity, when it comes to reaching financial goals.
This week we take time on the show to explore the GameStop saga. A small army of online traders banded together and took on some major Wall Street hedge funds.
What looked like fun and games quickly became a huge story, as these traders watched their own trading platforms halt trading in real time. The story has been huge, and we haven't heard the last of it.
In this episode we discuss the latest updates on vaccine development, market trends, and the idea of student loan debt forgiveness coming from the Biden administration. Hope you enjoy the show!
This week's episode is our last show before Election Day, and we have several topics that we cover in this week's show:
- The return of a fast food icon
- Economic data from Q3 2020
- Encouragement to investors about investing and election outcomes
- Wise uses of stimulus funds and how you view stimulus payments
- Generation X-- are they really more interested in guaranteed income?
Hope you enjoy the show!
Talking about money is somewhat taboo in our culture. While the trappings of personal finance are all around us-- homes, cars, clothes, etc.-- do you actually know what others believe about money?
Do you even know what you believe?
We are launching a series of interviews to explore and discuss finance on a personal level. Money is not taboo. It's just a tool. However, our ability to understand and use that tool can make us or break us.
In this episode, we explore the rise of Tesla, the gamification of trading and millennial investors use of exotic investments, and how the pandemic may be driving people into early retirement.
In this episode, Michael sits down with a financial therapist, Ed Coambs, to discuss the interior side of money. This topic is too broad to cover effectively in 1 hour, but we covered multiple areas of interest for those who want to understand how our life experiences can shape our views about money.
Earlier this year, there was a new virus that was spreading fast overseas. It seemed like a threat, but no one seemed to know for sure.
Then it hit us.
The Coronavirus Pandemic has etched itself into history, changing the way we do almost everything. For many companies, that means changing their way of doing business and how they manage cash flow.
In this episode, we explore how some companies are responding by cutting dividends or examining their dividend policy moving forward. For folks relying on dividend income to fund their retirement spending, this could be a paradigm shift.
Some of the articles we discuss:
https://politicalcalculations.blogspot.com/2020/05/dividends-by-numbers-in-april-2020.html#.XvOMo0VKhPY
https://seekingalpha.com/article/4351939-dividends-numbers-in-may-2020 https://www.al.com/alabamafootball/2020/06/the-real-impact-of-alabama-football-far-below-2-billion-still-significant.html https://www.nytimes.com/2020/04/24/business/coronavirus-stocks-investing-dividends.html https://www.cnn.com/2020/04/01/investing/dividends-coronavirus-recession/index.html
In this episode, we have a special guest, Paul Fackler. Paul and his team at thecbagroup.com work with business owners who are looking to retire or sell their business.
It may surprise you that selling your business can be more complex than you think. We discuss the many areas to consider when it comes to planning your exit strategy as a business owner. If you're a business owner nearing a transition phase of life, this episode is for you.
In this episode we reflect on the terrible economic news that is coming our way, starting with unemployment numbers. We discuss our thoughts about why these numbers are going to be horrific, and at the same time, we chat about how we can look for a path to recovery.
While we are stuck at home, we are making the best of things and trying to continue discussing events as they unfold. In this episode we discuss the CARES Act and some folks who could potentially benefit from the recent legislation.
There are multiple pieces to this legislation- from stimulus checks to penalty-free distributions from retirement accounts. This is fresh legislation, and we continue to get updates from Congress about how this will play out. Enjoy the discussion.
As we move full swing into the Coronavirus media cycle, we are getting a constant barrage of negative headlines. Despite the serious nature of what's happening, there are some very encouraging and positive developments happening. We chose to speak about a few of these "happy" topics instead of the negative ones.
By the time this show is published, the narrative on Coronavirus will be firmly entrenched in the media cycle. Fear, Doom and Gloom are running rampant, and there are growing concerns of what this latest threat could mean for the global economy.
We make an attempt to put this latest crisis into context, and we also discuss some positive money moves you can be doing at this time along with some potential outcomes we may see when this virus runs its course.
https://www.worldometers.info/coronavirus/
https://finance.yahoo.com/news/58-americans-less-1-000-090000503.html
https://www.bls.gov/opub/ted/2009/apr/wk1/art02.htm https://www.creditcards.com/credit-card-news/rate-report.php Bloomberg math tweet -- https://twitter.com/KFILE/status/1235808311834021888?s=20
One of the most frequently discussed topics when it comes to investing is WHAT you should be considering as an investment. Many people also wonder what kind of investments make sense for them as they grow their wealth and look toward retirement. Real Estate investing is a popular topic, and there are some investors who are completely devoted to real estate as their means of building wealth and their retirement.
We decided to sit down with Jay Rinehart of Rinehart Realty, one of our local real estate experts, to discuss the basics of investing in real estate and how you can begin that journey. Enjoy the show.
In this episode, we sit down with our friend Thomas Brown of TT Stein, a local tax team. We chat about some tax prep basics, and we also ask him to reveal what he believes to be one of the biggest mistakes people make when it comes to their taxes. We hope you enjoy the show!
In this episode, we spend some time discussing some updates involving the SECURE Act, a new piece of regulation involving the retirement system here in the US. The end of the Stretch IRA will likely result in the need for some people to review estate plans and beneficiary designations on retirement accounts.
We also spend some time discussing the failure of yet another large pension plan and why this could be a significant indicator for the road ahead.
Some of the articles we discuss in the episode can be found in the links below:
https://www.postandcourier.com/news/south-carolina-s-looming-pension-crisis/article_dd4cd1e2-b03d-11e6-9d85-7b24e6e338ed.html
https://www.wsj.com/articles/mcclatchy-freezes-some-pension-benefits-as-publisher-seeks-bailout-11578007299 https://www.federalreserve.gov/releases/z1/dataviz/pension/funding_status/table/ https://www.coindesk.com/into-the-ether-90-of-all-eth-wallets-now-out-of-the-money
In this episode, we spend some time discussing some updates involving the SECURE Act, a new piece of regulation involving the retirement system here in the US. The end of the Stretch IRA will likely result in the need for some people to review estate plans and beneficiary designations on retirement accounts.
We also spend some time discussing the failure of yet another large pension plan and why this could be a significant indicator for the road ahead.
Some of the articles we discuss in the episode can be found in the links below:
https://www.postandcourier.com/news/south-carolina-s-looming-pension-crisis/article_dd4cd1e2-b03d-11e6-9d85-7b24e6e338ed.html
https://www.wsj.com/articles/mcclatchy-freezes-some-pension-benefits-as-publisher-seeks-bailout-11578007299 https://www.federalreserve.gov/releases/z1/dataviz/pension/funding_status/table/ https://www.coindesk.com/into-the-ether-90-of-all-eth-wallets-now-out-of-the-money
In this episode, we take a trip down memory lane to visit a headline that was shared with us by one of our listeners. Every year, they wrap their Christmas ornaments in newspaper, and this year they noticed they had an old headline from December 2010, which reflected the Dow just over 13k.
The question was "What would have The Money Huddle been discussing during December 2010?"
We also discuss the big news about Ron Rivera being fired as the Head Coach for the Carolina Panthers, why some folks can't take action, and the importance of experts.
Enjoy the show!
For articles and references check out:
Cramer's Meltdown- https://www.youtube.com/watch?v=rOVXh4xM-Ww Bear Stearns article- https://www.history.com/this-day-in-history/bear-stearns-sold-to-j-p-morgan-chase Study referenced came from-- Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists, 2nd Edition 2nd Edition
In this episode, we had some fun comparing some NFL quarterbacks with stocks. This was both an attempt to be lighthearted and highlight some important challenges investors face when it comes to chasing returns, recency bias and the endowment effect.
We hope you enjoy the show!
Disclaimer: Nothing in this show should be considered advice or a recommendation to buy/sell securities. All price and return information was sourced from ycharts.com
In this episode, we discuss a recent discovery that was allowing online traders to generate almost unlimited trading leverage. We also dive into a recent article that revealed 10 Scary Statistics for Retirees and the fact that a certain insurance product still dominates in its marketplace.
To check out articles and topics discussed in this show, you can visit the links below:
Yahoo Article Infinite Money Cheat Code -
https://finance.yahoo.com/news/robinhood-traders-discovered-glitch-gave-164704113.html
Margin Accounts Explained -
https://www.investopedia.com/terms/m/marginaccount.asp
Youtube Video of Trader losing money -
https://www.youtube.com/watch?v=A-tNkuYV4_Q
ALCI Report -
https://www.acli.com/-/media/ACLI/Files/Fact-Books-Public/07FB19FChap7LifeInsurance.ashx?la=en
10 Scary Retirement Statistics -
http://bit.ly/10ScaryStats
Peter Mallouk Tweet About Private Equity -
https://twitter.com/PeterMallouk/status/1192081975508643843?s=20
In this episode we discuss the recent announcements by multiple custodians that trading fees would be reduced to zero. This change made headlines recently, and it's been widely reported as a game-changer for investors.
What will the new frontier be for investors as cost barriers continue to face downward pressure?
This move only emphasizes how technology is opening up the investment world to new ideas and markets, yet we feel that the role of a trusted advisor is more crucial than ever.
We chat about investor behavior, the importance of a plan, college athletes getting paid, and the bank of mom and dad being alive and well.
Enjoy the conversation!
____________________
Articles we discuss in the show:
CNBC Article about trading fees
https://www.cnbc.com/2019/10/13/battle-for-client-assets-heats-up-as-brokers-cut-fees-to-zero.html
Jeff Bezos quote
https://www.goodreads.com/quotes/966699-i-very-frequently-get-the-question-what-s-going-to-change
College Athletes Getting Paid
https://www.cnbc.com/2019/10/29/ncaa-allows-athletes-to-be-compensated-for-names-images.html
Pew Research Center article
https://www.pewsocialtrends.org/2019/10/23/majority-of-americans-say-parents-are-doing-too-much-for-their-young-adult-children/?
In this episode, we discuss several topics:
-The demise of WeWork and how unicorn companies are being exposed in today's marketplace
-The perils of credit card debt and the impact it can have on your financial picture
-The idea that companies should get out of the retirement and healthcare business
-A tidbit from James Clear-- Consistency > Intensity
If you'd like access to the articles or resources we discuss in this show, check out the links below:
https://www.valuepenguin.com/average-credit-card-interest-rates
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixtoFVX6eKiU/v1/-1x-1.png https://twitter.com/ReformedBroker/status/1176548908077658113?s=20 Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by Amazon
https://www.amazon.com/dp/0735211299/ref=cm_sw_em_r_mt_dp_U_hBpJDbC3DN9S5
In this episode we discuss the lost hours to hobbies such as fantasy football, financial professionals who can't seem to be objective, and the way people now value information because of ease and speed...not for understanding.
We also chat about what we've been reading and listening to lately.
.
Several of the articles we mentioned can be found at the links below:
https://thefsga.org/industry-demographics/
https://www.barrons.com/articles/financial-advisors-wear-more-hats-than-ever-51566938202
https://www.advisorperspectives.com/articles/2019/08/25/annuities-do-not-belong-in-401-k-plans
https://fs.blog/2015/08/in-praise-of-slowness/
https://www.stern.nyu.edu/faculty/bio/scott-galloway
In this episode, we discuss how some companies are looking to use their story or their vision to influence investors. It's no secret that some IPOs lately have disclosed some ridiculous risks in their S-1s. Are investors overlooking these risks because of a great story?
We also chat about how people who are planning for retirement could be using a flawed planning philosophy.
Lastly, we end up by asking an important question: Are Americans Doing Vacations in the Best Way?
Some of the references we discuss in the podcast can be found here:
https://www.benefitnews.com/news/unum-to-allow-workers-to-apply-pto-to-student-loan-debt
https://www.sec.gov/Archives/edgar/data/1533523/000119312519220499/d781982ds1.htm#toc781982_2
https://www.bing.com/search?FORM=SLBRDF&PC=SL10&q=DDD+Stock
https://www.bing.com/search?FORM=SLBRDF&PC=SL10&q=TLRY
https://www.economist.com/business/2019/08/08/holidays-are-good-for-workers-and-companies-alike
In this episode we discuss the latest revelations in what seems to be a new era for college admission scandals, the global retirement savings problem, and retirement itself--- Could Retirement Be Outdated?
Some of the references we mention in the article can be found at the links below:
https://www.propublica.org/article/university-of-illinois-financial-aid-fafsa-parents-guardianship-children-students
https://www.bloomberg.com/news/articles/2019-06-13/world-s-retirees-risk-running-out-of-money-a-decade-before-death
https://weforum.ent.box.com/s/w6cth9cdasx1k7g1vjnsqxttkv34t2su
In this episode we discuss another NFL athlete with financial issues, more IPO insanity, and the premiere of All or Nothing: Carolina Panthers.
For more info on some of the topics we discuss, check out the links below:
https://www.celebritynetworth.com/articles/entertainment-articles/floyd-mayweather-keeps-123-million-cash-checking-account/
https://www.cnbc.com/2019/03/25/wework-says-sales-more-than-doubled-last-year-but-so-did-net-loss.html https://www.wsj.com/articles/wework-co-founder-has-cashed-out-at-least-700-million-from-the-company-11563481395 https://www.theadvocate.com/baton_rouge/sports/lsu/article_116f4336-acd2-11e9-9b43-43677be4c82c.html https://www.lsu.edu/eng/about/pft-hall-overview.php https://www.celebritynetworth.com/articles/sports-news/adrian-peterson-has-made-nearly-100-million-in-the-nfl-and-hes-still-broke/
In this episode we discuss a recent article from Investment News that highlights the risks of some women who let their spouses control the finances. We chat about a few ways that couples at different phases of life can hopefully open up discussions about their shared financial goals. We also spend a few moments addressing a fast growing trend- online banks and banking apps that are creating some unique opportunities for savers and investors.
If you'd like read the article from Investment News, you can follow this link:
https://www.investmentnews.com/article/20190706/FREE/190709979/women-whose-spouses-control-the-finances-may-be-putting-themselves
Some of the other items we discuss can be found here:
https://www.forbes.com/sites/learnvest/2012/09/10/how-to-combine-finances-with-your-partner/#61d2f03be22c https://www.chimebank.com/2018/04/30/how-does-chime-make-money/
https://thecollegeinvestor.com/17610/top-automatic-savings-apps/
In this episode, we tip our cap to "Annuity Awareness Month" by discussing one of the most polarizing financial products -- annuities.
It's extremely rare to encounter a financial professional that doesn't have a strong opinion about annuities. In our view, annuities are one of the most marketed, yet least understood, financial products. Whether you love them or hate them, they aren't going away.
We think it's important for clients to be educated on annuities, and in this episode we touch on some areas we think are keys to understand.
Lastly, we briefly touch on a recent development in personal finance...where people are actually taking on personal loans to pay for their weddings!
If you'd like to read the article mentioned in the podcast, you can find it here:
https://www.washingtonpost.com/business/2019/06/19/married-debt-couples-are-taking-out-loans-pay-their-weddings/?noredirect=on&utm_term=.5fea7c0d00c9
In this episode we discuss how difficult it can be for us to practice the art of delayed gratification, using the NBA Free Agency system as an example. From there we move into the brilliant financial writing of Morgan Housel, and we finish up with a discussion on "The Most Googled Financial Topics."
Articles we reference in the show can be found here:
https://www.wealthmanagement.com/industry/seven-most-googled-financial-topics-united-states/gallery?slide=1
https://www.collaborativefund.com/blog/five-lessons-from-history/
In this episode, we discuss some of the potential changes proposed in the SECURE Act, which is a retirement reform bill making its way through Congress. We also talk about coffee consumption and a recent upset in professional boxing--one that no one saw coming. Lastly, we focus on the effect of taxes in some states driving a flight to lower taxed states.
Some of the articles and ideas mentioned in this show can be found here:
https://www.bloomberg.com/news/articles/2019-05-24/migration-s-biggest-loser-is-connecticut-as-florida-profits https://www.forbes.com/sites/jamiehopkins/2019/05/24/8-major-ways-the-secure-act-could-impact-your-retirement-plan/#22e908b63437 https://www.congress.gov/bill/116th-congress/house-bill/1994?q=%7B%22search%22%3A%5B%22Setting+Every+Community+Up+for+Retirement+Enhancement+Act%22%5D%7D&s=2&r=1 https://www.zillow.com/homes/for_sale/Fort-Mill-SC/fsba,fsbo,fore,cmsn_lt/90064647_zpid/31612_rid/globalrelevanceex_sort/35.160617,-80.618363,34.843394,-81.206818_rect/10_zm/0_mmm/ https://www.zillow.com/homes/for_sale/Cherry-Hill-NJ/fsba,fsbo,fore,cmsn_lt/38233600_zpid/37851_rid/globalrelevanceex_sort/39.980934,-74.849511,39.8324,-75.143738_rect/11_zm/0_mmm/ https://www.menshealth.com/uk/health/a27696049/drinking-up-to-25-cups-of-coffee-wont-harm-your-heart-says-science/
In this episode with discuss a recent blunder by the winner of a large sports bet who suffered some serious overconfidence with his ability to predict future outcomes. We also dig into a common financial myth that is still being pushed by some folks in financial media.
Here are some of the articles we reference in this show:
https://dqydj.com/dow-jones-return-calculator/
https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/
https://www.golfchannel.com/news/famed-masters-gambler-bets-tiger-grand-slam-win-10-million
https://www.cnbc.com/2017/06/18/the-sp-500-has-already-met-its-average-return-for-a-full-year.html
https://www.cnbc.com/2017/06/18/the-sp-500-has-already-met-its-average-return-for-a-full-year.html
In this episode, we discuss the growing concern about rising costs of long-term care insurance and how those over-hyped, "too good to be true" investment strategies can fall flat when markets get volatile.
For more details on the topics we discuss, you can check out the following links:
https://www.thinkadvisor.com/2019/05/02/genworth-says-it-needs-6-billion-in-additional-ltci-rate-hikes/
https://www.thinkadvisor.com/2019/05/01/2020-medicare-premium-hike-could-wipe-out-social-security-cola-for-many-retirees/
https://www.fidelity.com/viewpoints/active-investor/iron-condor-strategy
https://www.wealthmanagement.com/alternative-investments/ubs-clients-burned-iron-condor-strategy
https://seekingalpha.com/article/4236249-just-say-yes
http://www.theoptionsguide.com/iron-condor.aspx
In this episode we discuss the recent IPO of LYFT, how NFL Draft analysis still doesn't guarantee a "sure thing," and the pros/cons of paying off a mortgage early.
If you'd like to see some of our calculations on the mortgage payoff scenarios, you can view them here: http://ow.ly/IvH330oH0O1
Some of the articles and topics discussed can be found at the following links:
https://seekingalpha.com/article/4252404-lyft-market-share-questions https://www.axios.com/lyft-ipo-analysis-net-loss-profitability-49d3fe43-2e10-4e80-a03f-3349431127c9.html https://www.sec.gov/Archives/edgar/data/1759509/000119312519059849/d633517ds1.htm#toc633517_4 NFL Draft Grades/Reactions http://www.nfl.com/combine/profiles/Robert-Griffin,%20III?id=2533033 Lyft sued by IPO investors for alleged overstatement of US ride share % (39% vs. 30%) and lack of disclosure of 1,000 ride share bikes being recalled for safety concerns. Risk factors in S1 disclose 911MM loss in 2018 and statement regarding potentially never becoming profitable or maintaining profitability. Maybe that is part of the problem?? Relate to draft grades vs. the reality of having a player on your team (lots of projection and guessing disguised as informed commentary).
In this episode, we explore the various technology platforms available today and how they are changing the landscape of buying a home. Joining us is Flint Foley, our good friend and a real estate agent in the Charlotte, NC area.
From time to time, we have to put something together that isn't the most exciting topic--but it's essential to a well-balanced financial life. In this episode, we serve up a healthy discussion on disability insurance AKA "income protection" and how it can be vital for one's household economy.
Our guest on this show is a good friend, Ken Bloch, Jr. If you are looking for a good resource for questions about disability or a place to refer clients with disability questions, I highly recommend The Bloch Agency. www.blochagency.com
This episode is Part 2 of a 2-part interview we recently had with Steve Osterink, Jr. CFA® CFP® AIF®. We discuss investing topics like risk, asset allocation, market timing and diversification.
Feel free to email us questions or topics you'd like us to discuss at:
TheMoneyHuddle@vcplanning.com
This episode is Part 1 of a 2-part interview we recently had with Steve Osterink, Jr. CFA® CFP® AIF®. We discuss investing topics like risk, asset allocation, market timing and diversification.
In this episode, we discuss one of the biggest stories to break in 2019--the college admissions scandal that ensnared celebrities and elite families in the US. We also cover a few revelations of well-known financial personalities who turned out to be con artists.
Some of the articles we discuss in the show:
Jordan Goodman Story in NY Times
https://www.nytimes.com/2019/03/01/your-money/money-answers-man-jordan-goodman.html
Money Doctor Ponzi Scheme
https://www.wealthmanagement.com/people/sec-charges-texas-radio-host-196-million-ponzi-scheme?NL=WM-025&Issue=WM-025_20190313_WM-025_587&sfvc4enews=42&cl=article_1&utm_rid=CPG09000002828965&utm_campaign=19173&utm_medium=email&elq2=5dee8ce007e84af08ce216fe910a66da
TMZ Story on Celebrities
http://m.tmz.com/#!2019/03/12/felicity-huffman-lori-loughlin-arrested-college-admissions-bribery-scam/
ABC News Story on College Scandal
https://abcnews.go.com/amp/US/hollywood-actors-ceos-charged-nationwide-college-admissions-cheating/story?id=61627873&__twitter_impression=true
FBI Agent Report
https://www.justice.gov/file/1142876/download
SAT Percentile Rankings
https://blog.prepscholar.com/sat-percentiles-and-score-rankings
Social Security to Use FB
https://www.msn.com/en-us/money/personalfinance/facebook-instagram-posts-could-affect-your-social-security-disability-claim/ar-BBUVSBC
Life Scholarship Q&A
http://www.che.sc.gov/CHE_Docs/studentservices/life/FAQ-LIFE-3_2016.pdf
In this episode, we discuss an epic fail from a cryptocurrency exchange, the exponential increase in entitlement spending, and AOC's tax proposals. A few themes we chat about:
With many assets moving to online access and reporting, we feel that it's very important to make plans in your estate to cover your digital footprints: social media, cryptocurrencies, and online accounts.
There's a new proposal regarding Social Security, the Social Security 2100 Act that could make waves with its proposed reforms.
AOC's tax plan could impact professional athletes in a major way.
Thanks for listening!
Articles / Videos Referenced:
https://www.youtube.com/watch?v=vQFaufWgCkM
Sample CA State Income Tax - https://smartasset.com/taxes/california-tax-calculator#mc1DK0D5vr
Stephen Curry Salary - https://www.spotrac.com/nba/golden-state-warriors/stephen-curry-6287/
Social Security 2100 Act - https://larson.house.gov/social-security-2100
Yahoo Finance Crypto Story - https://finance.yahoo.com/news/cryptocurrency-owners-apos-t-access-180045793.html
RootOfGood, FIRE Article on Obamacare Subsidies - https://rootofgood.com/obamacare_makes_early_retirement_easier_and_more_secure/
In this episode, we discuss what could be considered one of the all-time great contracts for a professional athlete, how much money does or does not make us happy, and the shocking statistics about financial literacy in the U.S.
In this show, we reference the following articles and videos:
http://www.espn.com/mlb/story/_/id/16650867/why-mets-pay-bobby-bonilla-119-million-today-every-july-1-2035
https://nypost.com/2019/02/28/bryce-harpers-contract-wont-outlast-mets-bobby-bonilla-payments/
https://www.youtube.com/watch?v=7VuKfSdZWlg – Daniel Gilbert, Happiness
https://www.pnas.org/content/107/38/16489 - Daniel Kahneman, High Income Study
https://www.wyff4.com/article/1-point-5-billion-mega-millions-winner-comes-forward-says-simple-act-of-kindness-led-to-win/26632187
- Mega Millions Winner Comes Forward
https://www.investmentnews.com/article/20190302/FEATURE/190229936/financial-literacy-an-epic-fail-in-america
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
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/
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.
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
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
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-/
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.
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.