Adventures in Wealth Management

The wrap up episode to 2023 Best article - Trouble Ahead For The U.S. Unless We Reduce Healthcare Costs https://www.linkedin.com/pulse/trouble-ahead-us-unless-we-reduce-healthcare-costs-bryan-r-lawrence-f3qfe%3FtrackingId=qgAbjH%252B8GqLgwY8eaYXBFA%253D%253D/?trackingId=qgAbjH%2B8GqLgwY8eaYXBFA%3D%3D  

The pod digs into Non-Qualified deferred comp Thoughts on the market post an all timer in Nov. Money Saving apps are shutting down.    https://www.wsj.com/personal-finance/theres-a-reason-a-killer-money-saving-appstill-doesntexist-24558f8c

Epi 21 Tax Loss Harvesting ideas  Digging into the recent market moves WSJ Article on the state estate and inheritance tax that is catching people by surprise!   https://www.wsj.com/personal-finance/the-estate-taxes-catching-americans-by-surprise-488e08a9

Personal: Tj dives into stats around what people who are actually retired wished they would have done + digs into the Kav Rule (2x your age outside a year). Mkt: Charles digs into market sell offs. Interesting: Looking at a report that highlights the cost of healthcare in the US and how we can potentially slow the increases.    https://www.linkedin.com/pulse/trouble-ahead-us-unless-we-reduce-healt...

What a week. Charles talks direct indexing. TJ looks at market sells off greater than 1%. Millennials finally get some good press around retirement savings.   https://www.wsj.com/personal-finance/retirement/millennials-on-better-track-for-retirement-than-boomers-and-gen-x-1aebf00       Disclosure - Past performance is not indicative of future results, and it is not possible to invest directly in a...

Episode 18 Show Notes Personal Finance: TJ and Charles dig into the WSJ article on Personal Finance dates and getting everyone on the same page. Markets: Charles and TJ discuss the pros and cons of target date funds. Interesting: A takeaway from a Joe Rogan story after spending 10 days in an Alaskan rainstorm.     https://www.wsj.com/personal-finance/when-date-night-gets-between-the-spreadsheets-2...

Tj and Charles dig into a number of topics.    Charles digs into adjustments made for 2023 tax year. https://www.bairdwealth.com/insights/wealth-management-perspectives/2022/11/ratcheting-up-inflation-adjustments-to-your-2023-taxes/ Tj digs into the seasonality of the markets in September. The story of Ronald Reed  The Janitor Who Became A Multi-Millionaire by Retirement"

Tax Diversification in setting up your investments for long range planning State of the Consumer  $70 tn Wealth Transfer https://awealthofcommonsense.com /2023/08/the-70-trillion-wealth-transfer/#:~:text=It's%20morbid%20to%20think%20about,%2412%20trillion%20going%20to%20charity ).

Episode 15 Personal Finance: WSJ article looking at what it's like to retire with $5mn - https://www.wsj.com/articles/heres-what-a-5-million-retirement-looks-like-in-america-1abc76d9 Market: Interest rate discussion on the back of Bill Ackman's CNBC interview. https://www.cnbc.com/2023/08/03/billionaire-investor-bill-ackman-says-hes-shorting-30-year-treasury-bills.html Interesting: Charles digs in...

  We have the receipts (for HSA), house fire story, what type of rally is this?, the changing landscape of home finances. Charles and TJ dig into several topics 1.    Personal Finance: Important reminders about limits and characteristics. 2.    Markets: What type of rally do we have here. 3.    Interesting: whose name goes first when filing the taxes.

Episode 13  TJ digs into historical returns for equities, bonds and cash. Charles breaks down some demographic and other trends that are shaping how he thinks about interest rates. Interesting topic is how much people think they need for retirement. Links Timing interest rates:  https://awealthofcommonsense.com/2023/03/market-  timing-interest-rates/ Survey - https://www.im.natixis.com/us/resource...

Episode 12: Charles digs into Life Insurance. TJ and Charles talk about the different mindsets of coastal investors vs those in the middle of the country and how those affect investing ideas. The team ends with a discussion on the difference between being wealth and being rich.    

Personal Finance  - TJ digs into how to think about social security as more than just an income stream.  Markets: Charles looks at the markets post debt ceiling and how they tend to work after the first 100 trading days. Interesting: The story of when Bryan Lawrence asked Warren Buffet " "How do we get to be like you but faster....the average stock goes up and down by 80% in a year. And that's an...

  Personal Finance: Charles digs into what he is thinking about cash here.   Markets: Tj digs into top 10 stocks in the S&P.   Interesting: The story from Nick Sleep on understanding value and buying a Ferrari GTO in 1960s for 750…worth ~$52mn today.   Links: In the Markets Now: Stock Market Concentration (5/2023)

This week Charles Fry and TJ Kavanagh dig into 3 topics. Bill Ackman was recently on 20 minute VC and discussed an idea about how to help fix inequality in the US. Bill's plan included giving every baby born in the US a certain amount of money that they couldn't touch for 65 years but would be invested. Charles spends some time digging into home bias and why he what is standing out to him in the i...

Episode 8 - TJ and Charles talk about an idea to fund a roth with proceeds from a 529 account, look at all the bearish indicators in the market (e-mini short, stocks vs bonds and ideas of SPX predications for year end) and end with some thoughts on the "having a health relationship with money" article.  Links: https://wggtb.substack.com/p/having-a-healthy-relationship-with    

Epi 7 - Tj and Charles discuss VATs, the silent crisis that is Retirment in the US and pros and cons of a financial shock.  Show Notes 0:01:06: VAT 0:06:44: "silent crisis" when it comes to retirement  0:09:00: pros and cons of financial shock   Link  Ross' note - In the Markets Now: Pros and Cons of a Bank Crisis (3/2023, Client-Approved)  

Episode 6: TJ and Charles talk about Warren Buffet's latest annual report, the changing leadership that happens throughout the decade in the stock market and how Josh Waitzkin trained his son to not let external forces like rain effect his mood which seems like a good analogy for stock market and what happens when you try to time the market.   Show Notes   00:00:15: Warren Buffet digs into stock v...

My guest today on the 123 Series is Ross Mayfield, Investment Strategy Analyst at Baird.   Ross and I dig into 1.         Gifting 2.         Earnings Season and stocks bottoming 3.         GDP negative years and returns on stock market

This week Charles and TJ discuss 1. the new secure act and an idea for 529s. 2. Dig into the classic youtube clip "Bert the Broker" and takes on recessions vs bear markets. 3. The end of negative yielding debt... for now

Last episode of 2022. 1. Items to think about when your dependent turns 18. 2. What is an inverted yield curve 3. What Warren Buffet learned at the race tracks

Tj and Charles dig into tax loss harvesting at year end, inflation vs expectations and the curse of stadium naming. 

TJ Kavanagh and Charles Fry dive into... 1) HSA Accounts 2) Interest Rate Environment  3) What happened the last 2 times the Phillies won the World Series.

Today, my guest is Jason Spitz, from Baird's Business Owner Solutions team. Our conversation focuses on how clients work with Jason and the team. (00:20 – 02:20) What is the Business Owner Solutions team? (02:30-03:47) Exit options that exist for business owners? (03:50-05:35) What working with the Business Owner Solutions Team looks like.

Today, my guest in Kara Endres, a Financial Planner at Baird who focuses on Social Security.  Our conversation centers are Social Security and common questions. Show Notes. [00:00:30] - Working during retirement [00:02:40] - Why people shouldn't rush to claim [00:04:00] - Spousal benefits [00:6:00] - How married couples should look at Social Security [00:07:30] - Ways that a dependent under 18 can...