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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