Is inflation really “going down”? But why are prices still so high?
Let’s discuss the difference between inflation rates and prices affected by inflation while highlighting a possible silver lining of the situation!
This week, Austyn Whittenburg discusses the impact of inflation on personal finances and the new tax brackets for 2024. He clarifies misconceptions around inflation and prices, explaining that while inflation may decrease, prices are still increasing.
Additionally, he discusses the many new opportunities 2024 has to offer to minimize your tax burden as much as possible and how to start taking advantage of them!
Austyn discusses:
One of the most common misconceptions about inflation and how it is “decreasing”
The Silver Lining: New Tax Brackets for 2024
Incoming changes in capital gains tax rates, estate tax, and gifting rules
Increased contribution limits for 401K and IRA accounts
What does it take to join the top 1% of America? How much richer are they compared to the average American?
Let’s find out.
In this episode, Austyn Whittenburg discusses wealth accumulation trends and the net worth of different population percentiles.
Using Federal Reserve data, Austyn highlights the rise in home values and car prices, and the impact of education on net worth. He also discusses the influence of different levels of education in you and your family’s financial planning processes.
Austyn discusses:
The impact of education on American’s net worth
Key findings from the Federal Reserve about the American wealth divide
The difference between median and mean net worth + how this difference can create misleading headlines
Various statistics surrounding the different income classes of America
Mistakes are inevitable. Some can be overlooked but in financial planning, one mistake can have a big impact on your financial future.
In this episode, Austyn Whittenburg shares seven of the most common mistakes he sees people making in their financial planning. He explains each mistake and what you can do to avoid making them.
Austyn discusses:
How the retirement stage in our life cycle has evolved as life expectancy climbs
The ways fraud and scams have changed since the emergence of AI
Why portfolio diversification can have a massive impact on your results
The importance of starting your financial plan as soon as possible
Are you tired of earning next to nothing on your savings? Do you want to know how to get higher returns on your hard-earned money?
In this episode, Austyn Whittenburg explores the best places to park your money, both for the short and long term, so you can earn better returns and minimize the impact of inflation on your purchasing power.
Join Austyn in an insightful discussion covering important financial topics:
Discover why now is an ideal time to prioritize saving
The pros and cons of high-yield savings accounts, CDs, money market mutual funds, and treasuries
Learn about a strategic approach to safeguarding emergency funds within your bank account
Understand the significance of regularly monitoring interest rate fluctuations
It’s no secret that financial literacy is something that *isn’t* taught in school.
In this episode, Austyn welcomes Rick Gallacher, CFP®, CPA/PFS back onto the podcast to talk about five key financial principles that your kids should know. From interest to taxes, Austyn and Rick use real examples so you can teach your kids everything they need to know about money.
Austyn and Rick discuss:
Albert Einstein’s Eighth Wonder of the World.
How taxes can affect your investments.
The difference between investing and gambling.
A dollar today is worth less than a dollar tomorrow.
Rick has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing, and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation, and essential business law.
Rick is a highly organized, analytical, and detail-oriented individual. Through professional and personal experience, he has learned that complete and accurate data is important to make appropriate decisions. He follows this concept: theorizing before one has data inevitably causes one to twist facts to suit theories instead of theories to suit facts.
Rick, his wife Kate, and their daughters Remi and Addi live in Sandy, Utah, and love to travel. They have jokingly been told that their residence is more of a vacation home because it seems they are rarely there. Between them, Rick and Kate have traveled to 36 countries. Rick enjoys golfing, skiing, soccer, jet skiing, and being in the mountains. He’s been skydiving three times and has not broken a bone! Any time spent with family is time well spent for him.
If you’ve been watching the news lately, there has been a lot of panic surrounding the US dollar.
In this episode, Austyn Whittenburg eases your mind about money by explaining the different scenarios we could face in the future. He addresses the recent events that could have an impact on the dollar and explains why there is no reason for immediate concern.
Austyn discusses:
The history of money – how it started and where it’s going.
America’s lead in the competition for “best” currency.
The two currencies that pose the biggest threat to the US dollar.
Why you won’t have to start a food reserve quite yet.
While most people are nervous about the cost of living due to inflation, there are some who look at the benefits of inflation on the markets and individual employment.
In this episode, Austyn Whittenburg speaks with Nikko Denis, branch manager at Intercap Lending, on the alternative implications of inflation. Nikko reveals how inflation has forced real estate sellers to compromise, why housing prices still haven’t dropped and what those concessions mean for the future real estate market.
Nikko discusses:
Where the real estate market currently sits due to inflation
How inflation impacts real estate pricing and mortgage rates
Why the current market remains a sellers market over a buyers market
The connection between rising inflation and unemployment numbers
At Intercap Lending, Nikko Denis is backed by in-house processing, underwriting and closing to guarantee a smooth and timely transaction. He works with first time home buyers all the way up to multi-million dollar clients and everything in between. Every client has different needs and in an ever changing market it’s difficult to know all of your options. Nikko prides himself in taking his client’s interest to heart and showing them all possible options for their situation now, and in the future.
With the stock markets changing and public real estate being down 18%, private real estate is still in the positives.
In this episode, Austyn Whittenburg talks with Jeffrey Gross, director at Apollo Global Management, Inc., about the private real estate industry. With inflation going up, private real estate investing could be a fit within your retirement income stream.
Jeffrey discusses:
Why a client could consider real estate as part of their portfolio
Investing in Real Estate Investment Trusts (REITs) involves special risks such as potential illiquidity and may not be suitable for all investors. There is no assurance that the investment objectives of will be attained.You should consider the investment objectives, risks, charges and expenses of REITs carefully before investing.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
About Jeffrey Gross:
Jeffrey Gross is an experienced Director specializing in Alternative Investments with a demonstrated history of working in the financial services industry. Skilled in Capital Raising, Financial Structuring, Real Estate Development, and Real Estate Transactions. Over the last 20 years of capital markets experience have raised more than $3 billion invested in the alternative investment sector including private real estate, private credit, 1031’s, non-traded REIT’s, Closed End Interval Funds and Qualified Opportunity Zone Funds. Maintain strong leadership and interpersonal skills while building long lasting, trusted relationships in the RIA/Family Office/Wire House and Broker Dealer channels. Bachelor of Science (B.S.) focused in Chemical Engineering from Worcester Polytechnic Institute.
Jeff Gross, Apollo Global Management, are not affiliated with or endorsed by Whittenburg Wealth Partners and LPL Financial.
It certainly has been a bumpy ride over the past few months. But after some forecast analyses, are we finally going to see some improvements to the economy or do we have to keep our seat belts fastened as it drops even further?
In this episode, Austyn Whittenburg gives you a midyear outlook and what to expect the next six months to look like as it relates to the stock market and the economy.
Austyn discusses:
The forecast for the next six months relating to the economy and stocks
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies mentioned will be successful.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
With bonds in a laddered format, there is an opportunity to potentially increase your income stream with each passing year.
In this episode, Austyn Whittenburg talks with Scott Tallman, vice president at Belle Haven Investments. He shares how he is helping position people in the bond market and how the bond ladder impacts decision-making for bidding directly on bonds.
Scott Tallman is the vice president at Belle Haven Investments, an independent, boutique fixed income manager. The firm specializes in building separately managed taxable and tax-exempt portfolios. Belle Haven has been managing portfolios since 2002. We are uniquely committed to serving consultants and advisors along with the institutions, foundations, family offices and high net worth individuals whom they represent. Our team’s expertise and focus in one asset class have resulted in award-winning strategies. Our goal is to provide an unrivaled level of service, reliability and customization to our advisors in building what we hope are partnerships for years to come.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as
interest rates rise and bonds are subject to availability and change in price. Bond yields are subject to change. Certain call or special redemption features may exist which could impact yield. Municipal bonds are subject to availability and change in price. They are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise. Interest income may be
subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply. If sold prior to maturity, capital gains tax could apply. There is no assurance that these techniques are suitable for all investors or will yield positive outcomes. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Alpha measures the difference between a portfolio’s actual returns and its expected performance, given its level of risk as measured by Beta. A positive (negative) Alpha indicates the portfolio has performed better (worse) than its Beta would predict. Beta measures a portfolio’s volatility relative to its benchmark. A Beta greater than 1 suggests the portfolio has historically been more volatile than its benchmark. A Beta less than 1 suggest the portfolio has historically been less volatile than its benchmark.
