Caffeine And Cash Flow with Michael Schulte
Welcome to the Caffeine & Cash Flow Podcast with Financial Advisor Michael Schulte of WestPac Wealth Partners. Are taxes, market volatility, inflation and other risks draining YOUR energy and YOUR portfolio? If you need need help planning how to tackle these financial headwinds, then this is the show for you! New episodes bi-weekly. Visit our website for show notes, resources, more information and to contact Michael at CaffeineCashFlow.com. Or call 702-767-4897.
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Sticking to the Fundamentals of Diversification During Market Volatility
04/03/2025
Sticking to the Fundamentals of Diversification During Market Volatility
You’ve heard the term “diversification” countless times—but are you actually doing it right? As the financial landscape continues to evolve, understanding how to properly diversify your investment portfolio is more crucial than ever. In this episode, we’re going to get into the investing fundamentals we consistently stick to in order to help achieve the highest probability of success. Here’s some of what we discuss in this episode: 📊 Diversification ≠ Just owning a few different stocks 📉 Most portfolios are too heavily tilted toward large-cap tech 🏦 Own the full asset class—don’t try to pick winners 🔄 Rebalance regularly to reduce risk & stay disciplined Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Bracket Busters and Stock Flops: The Risky Game of Picking Winners
03/21/2025
Bracket Busters and Stock Flops: The Risky Game of Picking Winners
March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted. Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare to and uncover what March Madness can teach us about investing! Here’s some of what we discuss in this episode: What Hendrik Bessembinder found from his study of 29,078 stocks The perfect March Madness bracket has never happened The odds of sustainable success are slim Very few teams repeatedly win The most familiar choice doesn’t often lead to victory Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Recency Bias in Action
01/23/2025
Recency Bias in Action
Today we’re going to piggyback of our conversation in the last episode by focusing in on recency bias and show you how the concept plays itself out among investors. As Michael will explain, recency bias is the tendency to give more weight to the most recent information when making decisions, which can often lead to skewed perceptions and poor financial choices. Here’s some of what we discuss in this episode: A look at the numbers from stock returns since 1928. Treasury bill rates are indicative of what you could be receiving inside money market accounts. We're almost right at historical averages for mortgage rates going back to 1964. How we build investment strategies with these biases in mind. See the graphs referenced in this show: Mortgage Rates: Treasury Bills: Large Company Stocks: Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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These Biases Are Holding You Back
01/09/2025
These Biases Are Holding You Back
As we begin a new year, it’s helpful to reflect on our financial habits and the biases that may influence them. By understanding and mitigating these biases, we can make more informed decisions and set ourselves up for greater financial success. In this episode, Michael will highlight the most common cognitive biases that he sees in people, which is a topic that could reshape how you approach your financial decisions. Here’s some of what we discuss in this episode: Why biases play a huge role in what we do with finances and there are actually 175 cognitive biases. The fear of missing out bias is amplified by social media. Herding bias is the phenomenon where you blindly follow what others are doing. Confirmation bias involves only being able to see information that supports our current position and beliefs. Being open to uncertainty can improve our life. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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12 Days of Financial Wellness
12/26/2024
12 Days of Financial Wellness
In this festive episode of Caffeine and Cash Flow, Michael guides you through the 12 Days of Financial Wellness. Discover essential tips on managing assets, liabilities, protection, and cash flow as you prepare your balance sheet for the new year. Whether you're planning for personal property, savings, investments, or understanding liabilities, this episode provides practical advice to enhance your financial health. Here’s some of what we discuss in this episode: Protecting your balance sheet. The different categories of assets. How to view different types of debt and other liabilities. Understanding your cash flow and how to use that for retirement planning. Check out the sample balance sheet here: Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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The Pension & Retirement Plan Contribution Adjustments for 2025
12/12/2024
The Pension & Retirement Plan Contribution Adjustments for 2025
As we approach the new year, it's essential to stay informed about the financial changes that could impact your retirement planning. The latest episode of the Caffeine and Cash Flow podcast will provide you with updates for 2025, focusing on pension and retirement plan contribution limits. Here’s some of what we discuss in this episode: The maximum amounts you can put into different types of IRAs. Should you be maxing out the catch-up contributions? Something that’s brand new for 2025. Social Security COLA increase and other changes to benefits. The gift tax exclusion is going up as well. Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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What Will the Market Do Under Trump? Let's Look at Historical Data (Part 2)
11/26/2024
What Will the Market Do Under Trump? Let's Look at Historical Data (Part 2)
We’ll continue with part two of our conversation on how the economy has grown under previous presidential administrations. In the previous episode, we discussed some of the more recent administrations, but this time we’ll go back deeper into history and take a good look at older data. Here’s some of what we discuss in this episode: How inflation factors into growth for certain asset classes. How WWII tied into the economic recovery out of the Great Depression. Stock markets generally stayed strong during the Depression and through the war. Building a portfolio that’s resistant to politics. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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What Will the Market Do Under Trump? Let's Look at Historical Data (Part 1)
11/21/2024
What Will the Market Do Under Trump? Let's Look at Historical Data (Part 1)
With the election behind us, we now know that former President Trump will have another four years in the White House. While that could mean policy shifts in all sorts of areas, we want to focus on how it may impact the economy so Michael will take a deep dive into the data on different economic growth factors, and what the numbers have looked like under both Republican and Democratic administrations over the years. In part one of this two-part conversation, we’ll break down how the stock market and the economy are not necessarily the same thing, and how they don’t always go hand in hand. We’ll also discuss how the stock market has grown substantially over the last 97 years across many administrations of both parties. Then, we’ll get into specific growth numbers and what exactly they mean. Here’s some of what we discuss in this episode: The stock market and the economy are not the same thing, and they’re not always hand in hand. The shocking growth of the stock market over the last 97 years. The role of risk and how it can impact expected returns. How different growth metrics have done across different Presidential administrations. Even when the market is a whole is doing well or poorly, there will still be differences in different sectors. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Retirement Half-Truths: Beware of These Potentially Misleading Statements (Part 2)
10/03/2024
Retirement Half-Truths: Beware of These Potentially Misleading Statements (Part 2)
When it comes to planning for retirement, there's no shortage of advice out there. Unfortunately, much of it can be misleading or only half-true. That can be a problem for investors because they end up following guidance that doesn’t apply to their situation. Today we continue our two-part discussion on these potentially misleading statements by shedding light on some of the most common retirement half-truths and explain why they might not tell the whole story. Here’s what we discuss in this episode: Half-truth #6: You should withdraw 4% annually from your retirement savings. Half-truth #7: Saving just enough to match your employer’s 401(k) contribution is sufficient. Half-truth #8: You don’t need a retirement plan if you plan to work throughout retirement. Half-truth #9: Medicare will take care of all your healthcare needs after retirement. Half-truth #10: Social Security will cover your basic expenses in retirement. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Retirement Half-Truths: Beware These Potentially Misleading Statements (Part 1)
09/26/2024
Retirement Half-Truths: Beware These Potentially Misleading Statements (Part 1)
We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. Join us for part one of this discussion as we cover common misconceptions about market losses, portfolio fees, mortgage interest, diversification, and bonds. We’ll provide insights on why these half-truths can be misleading and how to navigate them for better financial planning. Here’s what we discuss in this episode: Half-truth #1: The market always goes up in the long run, so don’t worry about individual losses. Half-truth #2: The fees in your portfolio are less than 1 percent. Half-truth #3: If you have a low interest mortgage, you’re better off investing than paying off the house early. Half-truth #4: Diversification is THE key to investing. Half-truth #5: Bonds will significantly reduce the risk in your portfolio. Data referenced in this article: Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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College Financial Planning: Insights For Parents and Grandparents (Part 2)
08/22/2024
College Financial Planning: Insights For Parents and Grandparents (Part 2)
Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this two-part series, we’ll cover the key aspects of college financial planning from both the parent and grandparent perspectives. Part one broke down the costs associated with college, how much they’ve risen, and how to determine if the value is worth it over time. Now we’re focused on the strategies for saving money to cover rising tuition costs, determining who should pay for college, and the various tools available for funding education. Here’s some of what we discuss in this episode: How much and how early should you be saving? What are the best savings vehicles or accounts for college savings? Should you risk your own retirement to help fund your child’s education? Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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College Financial Planning: Getting a Handle on the Rising Cost of Tuitions (Part 1)
08/08/2024
College Financial Planning: Getting a Handle on the Rising Cost of Tuitions (Part 1)
Paying for college has become increasingly harder with rising costs. Starting early for your child's or grandchild's education can make a big difference and reduce the need for excessive borrowing later. In this two-part series, we’ll cover the key aspects of college financial planning from both the parent and grandparent perspectives. From understanding the true purpose of college to comparing the opportunity costs and exploring various saving methods, this first episode is packed with practical advice to help you plan effectively for one of life's biggest expenses. We’ll break down how the costs have risen significantly over time and whether it’s truly worth the price at many schools. Here’s some of what we discuss in this episode: Details on tuition costs at different public and private schools and how much that’s changed over the past few decades. The purpose of college is to increase your future earnings but at what cost? The importance of strategic planning when it’s time to make your decision. To learn more about the cost of college, visit this link: Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Little Things That Make Big Things Happen
07/18/2024
Little Things That Make Big Things Happen
In any sport, it is often the smallest, most consistent actions that make the biggest difference. In today’s episode, Michael shares insights from his experience coaching youth baseball to show that this philosophy is just as important in financial planning as it is on the field. Listen in as he shares 15 “little things” that everyone should focus on in their finances to achieve winning personal finance. Here’s some of what we discuss in this episode: Do you have a clear understanding of what portion of your assets and income are protected from lawsuits? Do you know what percentage of your income you are currently saving and investing for the future? Do you understand when and how you can access the money inside your retirement account? Do you know how to measure the risk inside your investments and retirement accounts? Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Learning From John Wooden's Pyramid of Success
06/26/2024
Learning From John Wooden's Pyramid of Success
Are you ready to take your financial planning to the next level? In this episode of Caffeine and Cash Flow, Michael and Ben explore the timeless wisdom of legendary coach, John Wooden. Wooden's has guided countless individuals to greatness, both on and off the court, and has some powerful takeaways for your everyday life and financial planning. Here’s some of what we discuss in this episode: A little background on John Wooden’s career at UCLA + his definition of success The foundational concepts of hard work, camaraderie, respect, loyalty, cooperation, and enthusiasm How self-control, alertness, initiative, and perseverance contribute to leadership and success Continuous skill development, humility in learning, and fostering team spirit Maintaining poise through any event, building genuine confidence, and aiming for competitive greatness John Wooden's Pyramid of Success: Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Asset Class Returns for 2023
05/23/2024
Asset Class Returns for 2023
When it comes to investing, the term 'diversification' is often tossed around, but what does it truly mean to diversify your portfolio? Is it as easy as sticking to the S&P 500 index the to achieve wealth management success? In this episode, we’ll answers these questions and dive into the latest returns by asset class to help you better understand what diversification truly means. Here’s some of what we discuss in this episode: Does owning the S&P500 make you diversified? Not really. A look through last year’s returns by asset class along with historical returns. The need for constant evaluation and just consistent checkup on your portfolio. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Retirement Questions That Baby Boomers & Gen X Are Asking
04/11/2024
Retirement Questions That Baby Boomers & Gen X Are Asking
Each generation is currently navigating a unique part of the retirement planning experience. With many Baby Boomers preparing for the transition into retirement and Generation X close behind, these two generations are asking a handful of financial planning questions. In today’s episode, we’ll share insights into the unique concerns that echo across different age groups. These are the retirement questions that each generation is asking. We’ll continue the conversation on our next episode as we talk about the younger generations and the questions they need to be asking. Here’s some of what we discuss in this episode: How do I manage the risks of market volatility as I approach retirement? What steps can I take to address rising healthcare costs in my retirement plan? Should I consider downsizing or relocating in retirement? How much do I need to have saved to actually retire? Should I pay off my mortgage before retiring Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Estate Planning 101
02/29/2024
Estate Planning 101
Have you ever considered how you’ll safeguard your financial legacy for the next generation? Today we want to dive into some of the technical aspects of estate planning and the crucial role it plays in retirement strategy. Estate planning can be as complex as it is important, but Michael will demystify the process, providing clarity on how to shield your legacy and make sure your assets flow smoothly to your heirs. Here’s some of what we discuss in this episode: What are the main things you want to protect against when creating a trust? How to avoid probate court, which can be a long and expensive process. Why most people we work with benefit from a revocable trust. Tax strategies to consider to protect as much of your estate as you can. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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How One Overlooked Issue Can Sink Your Retirement
02/15/2024
How One Overlooked Issue Can Sink Your Retirement
Imagine your retirement plan as a ship sailing toward a horizon of rest and relaxation. But what if one leak could sink it all? In today’s episode, we spotlight some of the single oversights that could send your dreams to the bottom. We'll share key strategies to plug the gaps, ensuring your financial ship stays buoyant and on course. Tune in to protect your future from the one mistake that could derail everything. Here’s some of what we discuss in this episode: The possibility of outliving your money and planning strategies that help you create steady income in retirement. How do you address the relentless creep of inflation. The importance of considering long-term care costs in retirement planning. The potential impact of market volatility and the investment strategies to help mitigate risk. The threat of rising taxes on retirement. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Will My Portfolio Perform Better with a Republican or Democrat in the White House?
01/25/2024
Will My Portfolio Perform Better with a Republican or Democrat in the White House?
Could the US elections be the market mover that investors have been fretting over, or is that just political noise clouding the bigger financial picture? It’s time to talk about the upcoming election and what it could mean for investors over the next two years. We're not just skimming the surface; we are diving into the data to see how investments have historically fared during the electoral tides, from Truman's post-war boom to the unpredictability of Trump's term. Here’s some of what we discuss in this episode: The average return during election years since 1928. What the data shows us for the year after elections. A look back through past administrations and the returns during their years in office Data courtesy of Efficient Advisors & Evidence Based Advisors Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Preparing for the Noisy Year Ahead
01/18/2024
Preparing for the Noisy Year Ahead
Who knows what this year will bring our way, but there’s plenty of noise everywhere you look. With the election ahead and everything else happening around the world, the noise can become a distraction for your financial planning. Today we’ll breakdown why a long-term strategy is your financial compass in a sea of sensational headlines and market speculation. Here’s some of what we discuss in this episode: We want to focus on strategy and tactics to make sure both are working in tandem. Elections years can be divisive but we don’t want that to impact our investment strategy. We want to build liquidity that will alow us to handle unexpected life events. The four core principles for wealth accumulation. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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12 Elements for Sustaining Family Wealth & Unity (Part 2)
12/07/2023
12 Elements for Sustaining Family Wealth & Unity (Part 2)
For those who are fortunate enough to generate significant wealth for their family, trying to preserve that wealth for multiple generations is often the much greater challenge. It takes much more than smart investing and asset management to create and sustain family wealth. The stats tell us that just 10 percent of generational wealth lasts beyond the third generation, and you can point to a variety of reasons for that to be the case. Most people that get to this point want their family to be taken care of for decades to come, but not everyone takes the necessary steps to achieve unity to within their family. It takes a concerted effort with effective communication, and today we’ll take you through the final six elements that you’ll want to apply to your planning process. Here are the six elements we discuss in this episode: Inspire individual family members to participate for their own individual reasons. Train and mentor each generation. Facilitate the genuine transfer of leadership from generation to generation. Require true collaboration between your professional advisors. Create mechanisms for ongoing family governance Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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12 Elements for Sustaining Family Wealth & Unity (Part 1)
12/01/2023
12 Elements for Sustaining Family Wealth & Unity (Part 1)
The stats tell us that just 10 percent of generational wealth lasts beyond the third generation, and you can point to a variety of reasons for that to be the case. Most people that get to this point want their family to be taken care of for decades to come, but not everyone takes the necessary steps to achieve unity to within their family. Here are the six elements we discuss in this episode: Foster strong and effective communication and build trust between generations. Develop, maintain, and regularly revisit your vision for the present and future. Successful families meet regularly. The four different types of capital you need for generational wealth. Keep the family business separate from the business of the family. Identify the roles necessary for the family to be successful. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Money Mistakes You'll Regret and How to Avoid Them
10/26/2023
Money Mistakes You'll Regret and How to Avoid Them
Ever wish you could foresee financial missteps before they happen? On today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. A lot of the things we’re going to be talking could make you lose over the long run, but we want to share what we’ve learned over years of helping people with their planning. By learning from the mistakes of others, we can hopefully prevent doing many of these same things. Here’s some of what we discuss in this episode: The penalties and taxes that you incur with early IRA withdrawals can be costly. Too many people increase their expenses along with a rise in their income What options do you have to help your kids with tuition without risking your own retirement? The different ways retiring too early could cost you. Why you should be looking into Roth options now. Learn more: Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Historical Performance of the Market in Times of Conflict
10/19/2023
Historical Performance of the Market in Times of Conflict
When you’re in the middle of difficult periods of market volatility, it certainly seems like this time is different and things may never turn around. But is that true? In this episode, Michael is going to look through returns over the past century to see how the market rebounded after the worst years. While there’s never a guarantee that the future will look exactly like it has in the past, the statistics we’ll share on the show will highlight the importance of investing for the long-term. Here’s some of what we discuss in this episode: How what we’re experiencing today is closer to 1973 than 1993. The largest yearly losses and gains took place around the Great Depression. What your returns would look like if you missed some of the best single-day returns during a time period. What the annualized rate of return was during the first decade of the 2000s. Get in touch with Michael- Web: https://www.westpacwealth.com/team/michael-schulte Email: [email protected] Phone: 702-767-4897
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Retirement: Ready Or Not, Here It Comes
09/28/2023
Retirement: Ready Or Not, Here It Comes
Are you nearing “retirement age”? If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire. This is typically one of the first things someone asks about when they meet with a financial advisor, and there’s a lot to unwind in order to figure out when someone is ready to retire. And if they’re not, is it because they haven’t saved enough or is it more of an emotional block? Michael will tackle retirement readiness in this episode. In this episode, we’ll discuss: The different factors involved when someone tells us they aren’t really ready to retire. Have you thought about what your purpose will be in retirement? What causes people to have a lack of confidence to retire? How far out should business owners be planning their exit? What we talk about with clients who want to retire now but aren’t financially ready. Learn more: Contact Michael: 702-767-4897
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Bouncing Back: Overcoming Investment Setbacks
09/14/2023
Bouncing Back: Overcoming Investment Setbacks
Almost everyone has made investment mistakes at some point. Even the most successful investors have regrets about decisions they’ve made in the past. But like everything else in life, it’s all about how you respond to a misstep. In this episode, we’ll talk about how to bounce back from mistakes and avoid making them again in the future. Michael will share some numbers with us and walk us through the steps you need to take to get your investment plan back on track. The good news is there’s always time to make corrections and we’ll explain that today. In this episode, we’ll discuss: How we define an investment. How to determine the cause of your mistake by asking yourself a few specific questions. Let’s determine how much more you can save each month to make up for the losses. Recalibrating your goals and identifying areas that you can make adjustments. What a real plan consists of and how we help people get their future plans on track. Learn more: Contact Michael: 702-767-4897
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Mailbag: Homebuying, 401k and Early Retirement Decisions
08/31/2023
Mailbag: Homebuying, 401k and Early Retirement Decisions
Is there ever a right time to stop contributing to your 401k? Should you help your daughter and her boyfriend with their home purchase? What about deciding to retire at the peak of your earnings? Tune into this episode of Caffeine and Cash Flow where we tackle these questions and more. In this episode, we’ll discuss: The issues that can arise when helping your daughter buy a home with her boyfriend. With the possibility of a recession on the horizon, does it make sense to hold off on investing for a while? Is it worth keeping a mortgage for the tax deductions in retirement? How can you know if a financial advisor is legitimate or not? Will you regret walking away from a career with a great paycheck to retire a little earlier? Learn more: Contact Michael: 702-767-4897
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Countdown Clarity: Timing Your Retirement Preparations
08/24/2023
Countdown Clarity: Timing Your Retirement Preparations
Whether you’re close to retirement or still far from that exciting date, it’s not uncommon to wonder when you should start preparing for each aspect of it. Tune in to find out how far away from retirement you should have answers to these pressing questions. In this episode, we’ll discuss: Why you should start thinking about the option to downsize about 15 years out. When you and your spouse should start picking out retirement dates and whether it’s best to stagger them. Why Michael says you should be paying attention to your risk as much as 40 years before retirement. Is it realistic to have a firm grip on expenses well in advance? Learn more: Contact Michael: 702-767-4897
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Key Financial Decisions During Major Life Events
07/20/2023
Key Financial Decisions During Major Life Events
Are you ready to take control of your finances during life's most pivotal moments? In this episode, we dive into the complex world of financial decision-making during key life events. From the excitement of marriage and the joy of welcoming a new child to the challenges of divorce and the loss of a loved one, we'll provide practical tips and guidance to help you make informed decisions and maintain financial stability. In this episode, we’ll discuss: The four things you need to communicate about when you get married. (2:48) How your budget changes when you have a child. (10:51) What is a good approach to saving money for college? (14:49) Here are some of the key financial decisions that need to be made for retirement. (20:16) Learn more: Contact Michael: 702-767-4897
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Unsure, Confident, or Certain: Retirement Planning Next Steps
07/06/2023
Unsure, Confident, or Certain: Retirement Planning Next Steps
It’s not just the financially uncertain who need to think carefully about their retirement plan. Even those who feel confident in their retirement savings might still have important questions to answer and decisions to make. In this episode, we'll explore the three retirement planning mindsets: those who have no idea if they can retire, those who think they have enough money to retire, and those who know for sure they have enough money to retire. Here are the three retirement planning mindsets we’ll discuss: "I have no idea if I can retire or not." (2:22) "I think I have enough money to retire, but I’m not sure." (6:05) "I know I have enough money to retire." (12:30) Learn more: Contact Michael: 702-767-4897
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