Guarding Your Nest Egg

After discussing how inflation is impacting some of the spending behavior of higher-income Americans, Mike walks us through his analysis of President Biden’s Inflation Reduction Act and how it could impact your family. Also, despite July being a good month on wall street, he explains why he believes we are still technically in a recession and why it could get worse. And if you saw the movie “The Big Short,” you’ll want to hear why the guy who (in real life) bet on the collapse of subprime mortgages ahead of the 2008 financial crisis is worried about the economy again. Mike is always an optimistic person, but as a fee-only fiduciary financial advisor he shares his insight as to if we should make adjustments to our investment portfolio based on Michael Burry’s latest forecast.See omnystudio.com/listener for privacy information.

After chatting about someone breaking the world record for holes-in-one for a good cause, we flashback to when Mike first forecasted that we were already in a recession on his weekly radio show on May 7th of 2022. He also discusses the politicization of redefining the word “recession,” and why not focusing on the actual numbers could negatively impact your retirement portfolio. He explains how he and the other Talon Wealth fiduciary financial advisors are looking into inverse options along with other alternatives to help their clients (when appropriate) through bear market times, and why he believes when the 3rd quarter numbers could be even worse. This isn't a gloom and doom episode, but an important one to hear if you're concerned about the economy impacting your bottom line.  See omnystudio.com/listener for privacy information.

Homebuilders are tapping the brakes and consumer confidence is down overall. Plus, with the administration trying to change the definition of a recession, confidence is declining even further for many. Mike explains why he thinks it is possible that we could have another pullback, and what you can do to better protect your investments for retirement during the recession debate... regardless of the definition. See omnystudio.com/listener for privacy information.

This week we discuss the fun way a new retiree is spending her time on screen, and how Mike can ironically relate! Plus, he explains how the significant 2nd quarter drop of copper should be taken into consideration when it comes to your retirement accounts. And with inflation up to 9.1%, the average American family is spending almost $500 a month more than this time last year. Find out how all of this is impacting spending behavior, but how it doesn’t necessarily have to change yours… If you have a fee-only fiduciary financial advisor helping you plan and navigate your financial life in retirement. See omnystudio.com/listener for privacy information.

With wall street down and inflation up 9.1% from last year, we’ll discuss why consumers are now likely driving the recession many are predicting. We’ll also reveal what a new survey says about how millionaires are preparing for the possibility of more downturns, and what proactive steps Mike took for his clients in January and in March to help protect his client's portfolios. Plus, we’ll embrace rock ‘n’ roll and entrepreneurs making money in interesting ways! See omnystudio.com/listener for privacy information.

It’s no secret that the market has been down for the first 6 months of 2022. As we wait on 2nd quarter GDP numbers to confirm if we’re in a recession or not, listen to find out the consumer behaviors that gives Mike reason to believe we may already be in a recession. He also discusses interest rates and the Fed’s hope of a “soft landing” in this economy. See omnystudio.com/listener for privacy information.

The market is volatile, and energy prices and interest rates are on the rise. Mike explains why he believes economic issues like this will create a slowdown in our economy. He also addresses a common question we’re hearing from listeners:  Is going to cash now a good idea in our current climate? Or is it too late? -Plus, if you planned to retire this year and are now wondering if you can still pull it off, Mike shares a key perspective for you to consider. If you’re feeling overwhelmed that your portfolio may now not be enough for your entire retirement, this episode is for you. See omnystudio.com/listener for privacy information.

Wall Street remains rocky, and many near and  in retirement are seeking more conservative investment options. Mike explains how he and his team of fiduciaries have been proactively helping their clients navigate this unsettled time by going to cash months ago (depending on the client’s situation). Plus, he explains why an annuity doesn’t make sense for most people… despite being heavily promoted in our current economic environment.  See omnystudio.com/listener for privacy information.

After discussing Top Gun: Maverick, Mike explains why now more than ever investors near and in retirement should embrace being a maverick by NOT giving in to generic "hang in there" advice, especially with the most recent stock market plunge. We’ll also discuss how bell-bottom jeans, 70’s style stagflation and oil prices are back, and what you and your family can do to combat these economic obstacles. If you’re feeling paralyzed by the fear of what could happen next on wall street and with our economy, this episode is a must listen.    See omnystudio.com/listener for privacy information.

Are we heading into a recession? For the first time in over 2 years, the S&P 500 recently entered bear-market territory, and inflation isn’t slowing down. Mike simplifies why he believes we may already be in a recession. He also explains what people near and in retirement need to take into account regarding their 401(k)s and other investments earmarked for their future. He also discusses inverse investments, COLA (cost of living adjustments), and how the economic uncertainty is impacting small business owners. See omnystudio.com/listener for privacy information.

Mike and Kristen start out discussing the different ways high prices are impacting their personal spending habits. With high inflation and interest rates rising, some strategists are suggesting that investing in bonds is a good idea. However, Mike points out why that may not be the case for you. As a fee-only fiduciary financial advisor, he explains why he’s looking into alternative investments for some of his clients… if it makes sense for them. Plus, you’ll hear a relatable story of someone finding out the hard way that their money isn't being actively managed.   See omnystudio.com/listener for privacy information.

This week, you may be surprised to learn that many of us might have been brushing our teeth wrong our entire lives while Mike’s 5-year-old son has been ahead of the curve. As a fiduciary financial advisor, Mike takes this opportunity to clear up some misnomers about investing and retirement. Then we discuss cryptocurrency and the possibility of our nation developing a digital currency, and how that could impact our bottom line.  See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

Before Mike addresses vital financial topics of the week that could impact your portfolio, he shares some GOOD NEWS that will brighten your day! He then discusses how the war in Ukraine will impact our personal economy in both the short term and long term... Outside of record-high gas prices. He also explains the difference between investment management and financial planning, and why both are key at Talon Wealth.  See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

Mike has a question for you this week: Has your portfolio done well in the last few years because of active management, or because it was on cruise control? Whether you’re a DIY investor or have a financial advisor, listen to find out why that question is key in today's economic climate. He also sheds light on why the Russia-Ukraine war isn’t the only issue to consider when it comes to market volatility and inflation affecting your retirement accounts. See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

While headlines intensify, some Americans are worried about what could happen with geopolitical tensions after the Olympics are over. Mike explains what investors should take a step back and consider regarding their retirement portfolios. Also, inflation is no longer just a pain point, it’s become the voting issue for midterm elections. Since Washington isn’t great at fixing problems and bond rates remain low, Mike explains his approach to combating wall street volatility and higher inflation today… and as the Fed raises rates. You’ll also find out why his biggest concern is discretionary income. See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

Investors are concerned more instability could be lingering on Wall Street throughout 2022, especially with the concerns about Russia and Ukraine. Mike describes how he recently helped someone plan for these unknowns and more by educating them on how to take charge of the target date funds inside their workplace retirement accounts. Whether you have a 401(k), 403(B), or other investments, listen to find out if rolling over your accounts is possible and beneficial for your portfolio. And you won’t believe the sign of the times Mike experienced regarding inflation and gas prices!       See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

After discussing what a new survey revealed about a common cooking ingredient possibly increasing longevity, Mike explains how the labor shortage combined with the surge of baby boomers retiring could impact the economy of our nation and investment portfolio. He also addresses the volatility were experiencing, rising healthcare costs, and what to consider if you feel your advisor isn’t right for you. See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

This week, Mike shares what prompted him to become an independent financial advisor and start Talon Wealth Management and the Guarding Your Nest Egg show. Plus, we explore the 3 signs that suggest someone is ready to retire and what that means for you and your family. See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

For years Americans have been very focused on becoming millionaires by the time we retire. On this episode, Mike explains how that achievement is more common than the media portrays. Plus, many investors have cash on the sidelines in early 2022 for various reasons: The market is at or near all-time highs, the Fed is discussing raising interest rates this year, and inflation doesn’t seem to be deflating soon.  – Mike shares his insight about what to consider if you’re seeking more conservative options for your portfolio. See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.

After some family chat about Mike’s kids, he unpacks what investors should know about Biden’s latest Build Back Better proposal… Mainly how the top marginal capital gains tax rate could reach 31.8%, the highest rate since the 70’s. Thankfully nothing is final yet, but Mike shares tips about how to be as efficient as possible with the taxes you’ll be paying on your future investments. He also reviews the latest known details about interest rate hikes in 2022 and what to consider regarding your portfolio.   See omnystudio.com/listener for privacy information. See omnystudio.com/listener for privacy information.