Papa Wealth Radio: Recent Episodes
Mike Papa
Mike Papa’s passion as a fiduciary financial advisor is helping those who’ve worked hard their entire life thrive financially. He believes building holistic financial plans for families is the best way to help them accomplish their goals. Whether it's a question about 401(k)s, Roths, estate planning, taxes and more, Mike is here to be a retirement resource for you. Listen each week as he simplifies the latest financial news to help you find the right opportunities for your dollars and cents.
Mike Papa is a registered representative of, and offers securities through Spire Securities, LLC, member FINRA and SIPC. Mike Papa is an investment adviser representative of Spire Wealth Management, an SEC registered investment advisor. Spire Wealth Management and this station are not affiliated. The investment ideas and financial vehicles discuss here should not be considered personalized investment advice, nor are these recommendations to buy or sell any particular investment or product. The information should not be considered tax or legal advice. Individuals should first consult with the competent tax, legal, accounting, and other professionals regarding the applicability and suitability of any investment ideas. Past performance is not a guarantee of future results.
We’ve felt volatility for a while on Wall Street in reaction to the Fed, and now from the war in Ukraine. On this episode, Mike unwraps what to soon-to-be and current retirees should consider today, and for the future for your investment portfolio in our current economic enviroment. Plus, find out the changes some 401(k) savers are making to their workplace retirement accounts out of fear, and why it’s probably not a good idea for you.
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Bitcoin is one of the hottest investment topics. Those invested in the cryptocurrency are likely feeling down that prices are a lot lower than their all-time November highs. Since Mike gets a lot of questions about Bitcoin, he simplifies the asset class and discusses how those their 50’s and up should be thinking about blockchain technology. He’ll also discuss what could be the worst ways to draw income from your 401(k)s, IRA’s and Social Security when retired.
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It’s very common for Americans to feel they need $1 million to retire comfortably, and some believe that’s the magic number everyone needs to pull off a successful retirement. Mike explains why each family’s “number” is different, and why your lifestyle goals should be the primary focus. Plus, with Amazon Prime subscriptions rising, we reveal what costs to keep an eye on with your investment accounts, and why value is what matters most when it comes to fees.
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After discussing what to expect this tax season from the IRS, we dive into other key topics that could impact your financial future… It’s no secret that we are experiencing a massive labor shortage, but Mike explains how combining that with the influx of baby boomers retiring could impact the economy of our country and retirement accounts. He also addresses the volatility on Wall Street and what to consider for your 401(k).
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Considering the market has been hitting all-time highs along with taking dips, many are looking for the best way to position their money given the volatility, inflation, tax talk, and the ongoing interest rate discussion. On this episode, Mike explains the flaws in an “all-weather portfolio,” and why you should have a plan that’s not only focused on uncontrollable economic factors… but most importantly you. He also discusses some of the financial and emotional hurdles small business owners face when retiring.
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On this episode, we share memories of battling inflation in the 1970’s and Mike breaks down what baby boomers need to consider regarding the elevated prices of today. And since the 401(k) was introduced in the late 70’s, Mike discusses how 401(k)s are a wonderful way to invest for your future, but it shouldn’t be your “by default” retirement plan. Since that’s become the case for many Americans, he clarifies the challenges you’ll face if you don’t have a true plan for retirement and investment dollars.
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A recent study found that half of Americans surveyed say they’ve lost sleep over money. Mike talks about his experience helping individual investors and small business owners plan to handle future financial concerns with confidence. Plus, since December has been a little shaky, Mike answers the question many are wondering: Should we buy the Wall Street dips? He especially focuses on answering that question for the influx of baby boomers that are retiring daily.
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Elon Musk moved to Texas to save A LOT of cash when it comes to taxes on his personal and company earnings. Many Americans remain uncertain about the future of taxes impacting their bottom line when it comes to paying off D.C.’s spending. Mike discusses what to consider when it comes to you the future of your taxes in retirement, and what to consider before 2021 is over.
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The “Great Resignation” is putting a lot of pressure on those still on the job. Mike discusses how he’s helping folks figure out their options during this very unusual work environment regarding workplace retirement plans and 401(k)s. Plus, with all of the unknowns about inflation and the stock market, some are wondering if they should put some cash into commodities, especially gold and silver. Mike explains what to consider, and why you have to be right twice for this tactic to pay off.
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After discussing what drastic step one country is taking to encourage a work life balance, Mike adds his insight to the technology sectors of Wall Street that the financial gurus believe will perform well through the end of 2021. Plus, he reveals why one financial institution believes interest rates could rise sooner rather than later.
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Most of us had memorable moments during our 1st job, and this week we’re traveling down memory lane to embrace how those earliest hard-earned dollars shaped our lives. After we reminisce over the initial tax shock we felt after opening our very first paycheck… Mike reveals how we have more control over taxes when it comes to our investments than many realize, at least for now. Find out what opportunities you should consider regarding taxes and your retirement dollars before the end of the year.
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Mike discusses Warren Buffett’s philosophy regarding investing and emotions, and how one couple went to cash last year strictly out of fear, and missed out on all-time highs of wall street in 2021. Find out how he helped them better understand that having a proper plan for their retirement dollars can ease concerns about the future. And considering the popularity of ETF’s & Mutual Funds, Mike sheds light on the pros and cons of both so that you can reflect and decided if they are a good option for your portfolio.
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