The Carriage House Planning Report: Recent Episodes
Carriage House Planning
Helping you achieve your own Financial Freedom. The Carriage House Planning Report is a personal financial planning podcast focusing on distilling financial news, markets, and politics through the lens of a CERTIFIED FINANCIAL PLANNER™ Professional.
Additional Info/Recommended Reading:
Bretton Woods Agreement and the Institutions It Created
The Crime of '71
Retirement is a bad word in our opinion. Not only is it riddled with implied meanings but it is also a word that conflicts with us, subconsciously.
You may be pursuing the goal of one day becoming "retired", or perhaps you already are. Either way, consider replacing this one word in your vocabulary and you may be surprised at what else changes.
Recommended Reading:
https://realinvestmentadvice.com/wall-street-wins-again-as-esg-scam-infiltrates-retirement-plans/
https://www.wealthmanagement.com/regulation-compliance/sec-s-esg-proposals-take-aim-advisor-greenwashing
https://www.zerohedge.com/markets/esg-funds-post-largest-monthly-outflow-record-greenwashing-racket-starts-unravel
Links of interest:
SSA.gov Historical Wage Inflation
College Tuition Inflation
Don't confuse the cost of college with the cost of education
Investment Advisory Services and Financial Planning Services are offered through Carriage House Planning LLC, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show should be viewed as investment advice. If you have questions pertaining to your specific situation, please contact us at 727-643-8666 or you can schedule an introductory meeting via our website at www.carriagehouseplanning.com.
We have a huge problem in America - a common problem we all share. We have an absurdly complex tax code. Not only does this complexity lead to significant inefficiencies, but it also leads most Americans to ignore taxes until the year is over. This is further exacerbated by the fact that many financial professionals and tax planners do not insist on looking at taxes from an active point of view. Instead, taxes are addressed reactively. This leads to significant inefficiencies, often a higher tax bill than necessary, and worst of all, it leads many Americans sorely missing the tax planning strategies that could benefit them over the long term.
Today we discuss a number of considerations to help you better understand the opportunities that may exist for you, why these opportunities may offer a great benefit to you, and we also clear up some common misconceptions.
Are you focusing your energy and attention on variables that you can actually control? You may be surprised when you really think about it.
Welcome to 2022. A year that will reward the disciplined and remind us all of why a plan is so critical for long-term financial success. Let’s recap the bizarro world we have witnessed over the past two years, the decisions made, and the repercussions and consequences capital markets will face as a result of those decisions. Then, let’s wrap up with what you should consider as we embark on the journey through the year ahead.
Suppose you were approached by a scraggly, disheveled-looking character who informs you he has literally been living under a rock for the past two years. In desperation, he asks you to explain all that has gone on in the past twenty-four months. Chances are, you might be at a loss for words. Perhaps you manage to mutter a few descriptives - whacky, scary, unusual, bizarre? While we may all have slightly different approaches for helping our new friend, if you wanted to offer evidence of just how unusual the past two years have been, the capital investment markets would offer an outstanding showcase.
Some of the events we have seen have been downright absurd, others curious, and still some have left us all in disbelief. But what if I told you that almost all of the strange events seen over the past two years in the investment marketplace share a common thread, tying them all together?
The Carriage House Planning Report is back in 2022 (after a long break) to recap the past two years, uncover the hidden truth underpinning almost all of the major investment stories since COVID began, and to highlight what direction the weight of the evidence currently suggests we are heading.
Additionally, you will find a number of charts of interest we believe either add context to our conversation or are simply relevant enough to shed light on HERE. We hope you enjoy the January episode of the Carriage House Planning Report!
If you haven't listened to part 1, definitely do so before we pick the conversation back up in part 2. We have broken down the proposed changes, especially those getting the most attention. Now we will dive into the proposed changes not getting much time in the spotlight - and there may be a reason for this. These are the changes most likely to be implemented and will impact a far broader percent of the population.
Links of interest:
Estate Planning Implications of Biden's Green Book
Matt Taibbi: The Heroic Congressional Fight to Save the Rich
The Tax Foundation's Biden Tax Plan Tracker
Charts referenced in episode can be found here:
www.carriagehouseplanning.com/chpblog/the-tac-room-sell-in-may-amp-go-away
Let's step into the Tac Room for a tactical look at markets and the recent selling of some of the biggest tech names. Is this a sign of broader market selling to come? Is this the start of a prolonged period of selling? In this episode of The Carriage House Planning Report, we explore these questions and also highlight a new development out of D.C. that will have implications for our long-term financial planning.
Student Loan Misuse.
https://www.nasfaa.org/news-item/16093/Report_Most_Borrowers_Take_Out_Student_Loans_for_Non-Tuition_Expenses
https://www.forbes.com/sites/kateashford/2017/03/29/loans-spring-break/?sh=5e957e116db6
Household Income: Earned by adding value to the economy, or just waiving a magic wand?
https://www.aier.org/article/government-transfer-payments-distort-personal-income-in-january/
How the Federal Reserve’s shortsightedness leads the way in creating income inequality.
https://www.oftwominds.com/blogjan14/Fed-causes-inequality1-14.html
Investment Advisory Services and Financial Planning Services are offered through Carriage House Planning LLC, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show should be viewed as investment advice. If you have questions pertaining to your specific situation, please contact us at 727-643-8666 or you can schedule an introductory meeting via our website at www.carriagehouseplanning.com.
Sound financial planning is based on and requires a willingness to maintain a long-term perspective and emphasizing a focus on that which is in your control, it is also critical to make the journey as comfortable as possible. This may mean ignoring the noise of the news shoved in our faces every day, but it also may mean zooming in and gathering a greater sense of clarity about what is happening in the present moment. This is when we go to the Tac Room to take a look at the markets and the economy from a tactical perspective. Great long-term decisions are made when you are confident and controlled. If we can add clarity to the hustle and bustle of events in the present, you are that much more likely to feel that sense of confidence, empowering you to make great decisions for your tomorrow. Putting you one step closer to achieving Your Financial Freedom.
Book suggestion:
Mindset: The New Psychology of Success by Carol S. Dweck
Other Reading:
(Psychology Today) Is Retirement Bad for Your Mental Health?
(Social Security Admin) Behavioral and Psychological Aspects of the Retirement Decision
Additional articles of interest:
Visual Capitalist - The Crazy World of Stonks Explained
NYT - Robinhood has lured young traders, sometimes with devastating results
Medium (opinion) - Yes Virginia, The System is Clearly Rigged