Your Money & Your Life Podcast

There’s a heat wave spreading across the world right now, along with a lot of economic stress. On today’s episode, we’ll explore some expert opinions on our current bear market. Does Don agree or disagree with them?

Listen for these key points: 

0:29 – Did you have a good summer trip?

1:25 – Don’s daughter is getting married!

2:42 – What we’re going to analyze today

4:53 – Demand for services are still good

6:50 – Value stocks over growth stocks

11:18 – We can’t time the market

14:53 – Be aware of emotional decisions

17:20 – Mailbag – Do I really need an advisor?

Get additional financial information: https://doncashpodcast.com/episodes/

Are we losing our financial independence to inflation, a possible recession, and longevity? On today’s episode, we’ll explore the various risks that can complicate your plan and your finances.

Listen for these key points: 

0:28 – Happy 4th of July!

3:20 – Fear of running out of money

6:06 – Life expectancy

7:48 – Pushing your plan to 90+

8:35 – Dying too young, living too long

9:32 – Costs for long term care

10:30 – So, what do we do?

12:38 – Long-term care coverage

13:34 – What about savings?

15:31 – The Investment Answer

16:18 – Reach out to a professional

18:32 – Watch out for confirmation bias

Get additional financial information: https://doncashpodcast.com/episodes/

With summer comes rising temperatures and this year, rising inflation! On today’s episode we’re going to discuss the importance of education, managing expectations, and understanding when it comes to navigating a volatile market.

Listen for these key points: 

0:40 – Are you ready for summer?

2:53 – Is this permanent?

4:56 – Raise rates fast or slow?

6:35 – Fewer people working

8:00 – What are we going to do?

10:59 – Education, expectation, understanding

13:52 – Preparing for unexpected

15:50 – Buying before a crash

16:34 – Looking at the big picture

19:21 – What do we do to protect our wallets?

21:08 – Don’t inflate your expenses 8%

22:39 – Expenses aren’t linear  

Get additional financial information: https://doncashpodcast.com/episodes/

Last week we spoke on the cycle of investor anxiety. How can we break this cycle and enjoy a fruitful financial future without the stress?

Listen for these key points: 

0:35 – This past Memorial Day

4:40 – Phase 1

7:02 – Phase 2

8:56 – Phase 3

13:19 – Phase 4 & 5

15:52 – How do we break the cycle?

18:12 – Change your news up!

18:45 – Maximize returns, minimize risk

20:50 – Let others be emotional

21:55 – Hire a holistic planner

Get additional financial information: https://doncashpodcast.com/episodes/

How do we overcome the cycle of anxiety we face as investors? On today’s episode, Don breaks down the 5 stages of investor anxiety and how we can overcome these obstacles in today’s world.

Listen for these key points: 

0:55 – It’s hot here!

3:36 – Phases of anxiety

4:49 – A broken process

5:45 – Fear of the future

6:38 – Addicted to technology

10:06 – You can’t predict the future

11:15 – Track record investing

13:22 – Information overload  

14:51 – Emotional decisions  

18:34 – Breaking the rules

19:36 – How to overcome this cycle

Get additional financial information: https://doncashpodcast.com/episodes/

It seems like all the talk lately as been inflation, interest rates and investment volatility. Every time you look at the news you see rising inflation numbers, gas prices seem to have actually gone up again and the stock market has been crazy volatile. Add in another interest rate increase by the Federal Reserve and the list of issues gets longer and longer. We didn't have enough time to dig deep into all of these things so, let’s see if we can make some sense of what’s going on and what we can do about it.

Listen to part 1: https://doncashpodcast.com/podcast/inflation-interest-rates-and-bond-prices-oh-my/ 

Listen for these key points: 

0:53 – Allergies and COVID

2:29 – Used car prices

3:51 – Setting up part 2 of the conversation

5:32 – Last time rates were at 5%

6:19 – Interest rates

7:21 – World events impacting inflation 

8:31 – Imbalances

11:51 – Wages and workers

14:11 – Other price increase examples

15:16 – Hidden tax

17:21 – What can individuals do today?

20:37 – Investment strategies

23:09 – Closing thoughts

Get additional financial information: https://doncashpodcast.com/episodes/

Interest rates are going up, inflation is impacting our wallets, and bond prices are down. On today’s episode, we break down these issues and how they could impact you.

What we discuss: 

0:53 – Changing mask rules

2:16 – Will travel start up again?

3:16 – Air travel and fuel are up

5:09 – Why are rates jumping up?

7:16 – Prices of homes have gone up

9:55 – Impact on stocks and bonds

11:07 – Bonds are stable, but can go down

13:00 – Reinvesting at a higher rate

14:45 – What is causing this?

16:11 – What is an advisor’s job?

17:29 – As you get closer to retirement

Get additional financial information: https://doncashpodcast.com/episodes/

What does it take to be a winner in today’s stock market? We’ll explore the difference between winners and losers when it comes to investing on today’s episode.

What we discuss: 

0:53 – UNC versus Kansas

3:43 – The market since 2020

5:10 – Winners have a plan

6:49 – Changes since 2020

11:19 – Greed and gains

14:20 – What makes a winner?

16:55 – Waiting to get back in

19:49 – Mailbag: “Non-financial suggestions for retirement?”

Get additional financial information: https://doncashpodcast.com/episodes/

Last month some new IRA changes were proposed. How could these possible changes impact your financial future and your family’s?

What we discuss: 

0:32 – Spring has sprung

2:27 – IRS rule changes

4:29 - Inheritance rules

6:47 – New proposed required distributions

7:49 – When the original owner dies

9:21 – Designated beneficiaries

11:37 – Impact on generational wealth

13:13 – Make a comment to the government

13:52 – Roth tax advantages

14:58 – Tax planning tips for 2021

17:35 – What’s the catch?

18:28 – Is there a MAGI?

Submit a formal comment: https://www.federalregister.gov/documents/2022/02/24/2022-02522/required-minimum-distributions

Referenced Article: https://www.journalofaccountancy.com/news/2022/feb/proposed-regulations-update-rmds-secure-act-changes.html

Get additional financial information: https://doncashpodcast.com/episodes/

Today, we will discuss the geopolitical events of the past and present. Geopolitical risk is nothing new, but will current conflicts significantly impact the economy? 

What we discuss: 

0:30 – Things change quickly

2:05 – Keeping perspective

3:16 – Ukraine and Russia history

3:56 - Ukraine wanting to join NATO

6:00 – Different types of risk

8:37 – Geopolitical risk in perspective

10:46 – 26 market corrections since WWII

13:14 – Gas prices throughout history  

15:28 – Four mega trends  

17:46 – What can we expect to see?

20:29 – Not everything is affected equally

22:20 – What is the ‘solution’?

Get additional financial information: https://doncashpodcast.com/episodes/