What's your net net net worth..?? Figuring out your key financial numbers leading into 2022.

Kick start your successful financial year by understanding what's going on today.

Article:

https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/how-to-calculate-your-net-worth

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

Happy holidays to all from our team to you and your family we hope you're having a great end of year and in your enjoying it with friends and family. After the holiday season is over you often see the results of how much you actual spent when the credit card bill hits and the last thing we want is a larger bill after the holiday cheer wears off. 

This episode we're going to cover 8 steps to help protect you during the last mad dash of spending. 

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

That’s really what resolutions are about, winning  - to beat a bad habit or start a good habit – to win against all of the external and internal factors fighting against you.

Well today we’re going to highlight ways to learn from the past and put your finances in a position to win in the year 2022.

Article:

https://money.usnews.com/money/personal-finance/saving-and-budgeting/slideshows/ways-to-improve-your-finances

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

Setting up for your retirement? Well, how do you execute on your goals? This show will cover 5 steps.

1) How much can you save

2) Timing.. when do you plan to retire

3) Reduction of Debt

4) Guaranteed Income Streams

5) What lifestyle do you want

Articles:

https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire

https://www.investopedia.com/retirement/how-much-you-should-have-saved-age/

https://www.forbes.com/advisor/retirement/retirement-planning-how-to-get-out-of-debt-before-retirement/

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

Taxes!

Yes – we’re back on the trail of updated taxes, specifically diving into changes coming our way in the year 2022.

Articles:

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022

https://www.investopedia.com/irs-announces-tax-brackets-and-other-inflation-adjustments-for-tax-year-2022-5209190

https://taxfoundation.org/2022-tax-brackets/

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

Want more information for your specific life? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

Taxes!

They just keep changing, they're hard to understand and in the end we don't want to pay more taxes than we have to. So, this episode will outline a few updates for THIS YEAR 2021... 

Care to learn about inflation and what that's doing to some tax decisions - stay tuned into this episode and next week's about tax updates for NEXT YEAR 2022.

Articles:

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022

https://www.kiplinger.com/taxes/tax-law/603037/tax-changes-and-key-amounts-for-the-2021-tax-year

Want more information? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

What does it mean if the conservative part of their portfolio (the bonds) are not holding up their end of the bargain?

Picture a seasaw your kids or grandkids play on. When one side goes down the other side goes up. Well, that's how bonds and interest rates work. When interest rates go up, bonds go down. 

Don't just expect your retirement accounts to react the same way they have in the past. It's time to check out what could happen to the  "conservative" pieces of your account.

Article:

https://www.marketwatch.com/story/investors-see-a-risk-that-the-bond-market-has-got-it-dead-wrong-about-inflation-11626468764?mod=home-page

https://www.bankrate.com/banking/cds/historical-cd-interest-rates/

Want more information? Set a time to talk:  calendly.com/rodneypeters

Submit a question or join the club: Hello@retirementmoneyteam.com

What’s a biggest threat to your investment account growing – inflation or the economy slowing down? What if both happened. What if you thought inflation was going to be the large hurdle and decided to adjust your investments to match typical inflation threats. Or, you decided the economy has to slow down before real inflation hits and you drive your investments down a different road.

Maybe now is a great time to check if your accounts have the right balance or if they have drifted away. It's time to check if your money is taking on too much risk, or if you're positioned where there's not a lot of upside when the markets are doing well. 

Article:

https://www.marketwatch.com/story/a-crazy-week-for-u-s-stocks-came-with-a-change-in-the-market-narrative-should-investors-believe-it-11625865324?mod=home-page