In times of political change, the key to financial resilience is not panic, but preparation.

In this edition of the Market Chatter series, our host Joey Loss, along with fellow CFP® Adam Van Wie unpack the financial implications of the recent U.S. election, where Donald Trump has returned as the 47th president, bringing with him potential shifts in economic policy. They discuss the immediate market reactions and what the Republican majority in the Senate (and possible sweep) might mean for the economy. They explore possible changes in tax policy, including implications for income and estate taxes, and consider how these developments could affect your financial planning and investments.

Joey and Adam also examine the impact of tax policies on the markets, highlighting the benefits of a long-term investment strategy amidst political changes. With a focus on Trump's pro-business stance, they consider how maintaining the corporate tax rate at 21% and the Qualified Business Income deduction might influence small business owners. Additionally, they tackle the complexities of estate tax planning, particularly for high-net-worth individuals, and the potential for policy changes after 2025. Listen in as they analyze the Federal Reserve's anticipated rate cut and its effect on the market, while also shedding light on the yield curve's implications for fixed-income investments. All this and more in this edition of Market Chatter - a series of Wealth Unplugged.

Key Topics:

• Election Results and Initial Market Reactions (00:00)
• Market and Economic Impact Post-Election (03:12)
• Fixed Income Market and Economic Uncertainty (06:03)
• Tax Implications of the New Administration (11:31)
• Estate Tax Considerations (18:35)
• Final Thoughts and Future Outlook (25:34)

This podcast is brought to you by Joey Loss, CFP®, and Flow Financial, his financial planning firm for families and business owners, with specialties in business planning and equity compensation planning.

You can find show notes and transcripts of the conversations here: Flow Financial - Wealth Unplugged

Follow Joey & Flow on Social Media:

• Newsletter (Receive the Monthly Money Roadmap Each Month, written by Joey)
• Linkedin
• Instagram
• Twitter (X)

Please review the podcast disclaimer here

“[Not having adequate insurance] takes away your ability to continue building wealth as you had. It's important to make sure you have that floor, to make sure when you take a step forward, there's no step back."

Our host Joey Loss explores the critical role of insurance in protecting your financial assets with personal injury attorney Rakin Hamad of Curcio Law. Rakin walks us through the fundamentals of personal injury cases, including liability, damages, and insurance coverage. He highlights the importance of adequate insurance and explains how negligence determines liability, using real-life examples to underscore the financial repercussions of insufficient coverage.

Joey and Rakin then shift focus to maximizing your insurance coverage for asset protection, particularly auto insurance. Learn about the necessity of bodily injury and uninsured/underinsured motorist coverage. Discover how matching your uninsured motorist coverage with your bodily injury coverage can shield you from significant financial loss. They also touch on the benefits of umbrella coverage for those with substantial assets, offering broader liability protection.

Joey and Rakin emphasize the importance of liability insurance coverage for both businesses and individuals. Through compelling case studies, they illustrate how the presence or absence of insurance can drastically impact financial outcomes. Understand the essentials of personal liability coverage within homeowner's and renter's insurance, and learn how to navigate rising premiums and ensure adequate protection. With insights into medical benefits coverage and bodily injury limits, they provide practical advice on safeguarding your financial future against unexpected liabilities. Listen in for a comprehensive guide to protecting your wealth through strategic insurance planning.

Key Topics:

• Understanding Personal Liability and Insurance Coverage (00:00)
• The Importance of Insurance Coverage (03:54)
• Vicarious Liability and Business Owners (05:07)
• The Role of Uninsured Motorist Coverage (08:27)
• The Benefits of Umbrella Coverage (18:07)
• Stories Illustrating the Importance of Insurance (35:58)
• The Role of Financial Planners in Insurance Planning (36:16)
• The Impact of Insurance on Financial Planning (36:32)
• Additional Insurance Coverages and Their Benefits (36:44)
• Wrap-Up and Final Thoughts (40:04)

Resources:

• Curcio Law

This podcast is brought to you by Joey Loss, CFP®, and Flow Financial, his financial planning firm for families and business owners, with specialties in business planning and equity compensation planning.

You can find show notes and transcripts of the conversations here: Flow Financial - Wealth Unplugged

Follow Joey & Flow on Social Media:

• Newsletter (Receive the Monthly Money Roadmap Each Month, written by Joey)
• Linkedin
• Instagram
• Twitter (X)

Please review the podcast disclaimer here

"It’s almost like you lock in the emotion that you felt at the bottom of the market when you sell at that moment, like you just can’t get past it."

Can the Federal Reserve's rate cuts reshape the real estate market and your investments? Join our host Joey Loss for another exciting episode with Adam Van Wie, who returns, this time, for a brand-new monthly segment called Market Chatter. They’re dissecting the Federal Reserve's impending decision on rate cuts and their profound implications on the economy, inflation, and especially the real estate sector.

Joey and Adam take a closer look at the current market landscape, which is in a state of neutrality with a balanced breadth. Hear how previously underperforming sectors are starting to gain traction, a positive sign for diversified portfolios. They also break down the importance of understanding systematic and unsystematic risks and how a wider market breadth can mitigate these risks. Comparing this year's performance to last year's, they uncover trends that could provide guidance for your investment strategies in the months ahead.

Finally, Joey and Adam tackle the emotional rollercoaster of market timing and the influence of media hype on market reactions. Through personal stories and historical insights, they shed light on the pitfalls of trying to predict market movements and the value of a disciplined, long-term strategy. They analyze a recent overblown market reaction dubbed "Black Monday 2.0" and discuss how to stay grounded amidst sensational headlines. Wrapping up, they emphasize the resilience of markets over the past five years and the importance of a buy-and-hold strategy and diversification in navigating market volatility. Tune in to gain valuable insights and equip yourself to confidently navigate the ever-changing financial landscape.

Key Topics:

• Fed Rate Cut and Economic Data (00:00)
• Loose Money Policy vs Tight Money Policy (03:07)
• Impact of Rate Cuts on Investments (07:49)
• Market Performance and Broadening Breadth (11:02)
• Systematic vs. Unsystematic Risk (14:10)
• Market Timing and Long-Term Investing (16:51)
• Recent Market Volatility and Media Sensationalism (23:35)
• Historical Market Performance and Future Outlook (26:40)
• Wrap-up (35:23)

This podcast is brought to you by Joey Loss, CFP®, and Flow Financial, his financial planning firm for families and business owners, with specialties in business planning and equity compensation planning.

You can find show notes and transcripts of the conversations here: Flow Financial - Wealth Unplugged

Follow Joey & Flow on Social Media:

• Newsletter (Receive the Monthly Money Roadmap Each Month, written by Joey)
• Linkedin
• Instagram
• Twitter (X)

Please review the podcast disclaimer here