• Tax Season 2024:
  • What Documents do you need for your Taxes?
  • Did you get your W-2 & 1099s?
  • Standard Deductions or Itemize Return?
  • What should you tell your Tax Pro?

We would also like to hear from you on future casts and tips you like for us to talk about in 2025. 

Please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto #IRS #taxlimits #planning #tax

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• We look at GM:
  • Revenue in 2024 strong
  • GM Financial revenue is increasing
  • What is GM doing in EV market?
  • Is the price point right for you? 
  • Would you invest in a GM product? 

We would also like to hear from you on future casts and tips you like for us to talk about in 2025. 

Please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto #IRS #taxlimits #planning #tax

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• We review IRS Changes for 2025:
  • Personal Exemption stays at $0 as part of the 2017 Tax Cut / Jobs Act
  • Standard deduction limit increases to $15,000 ($30,000 for MFJ)
  • Marginal Tax Brackets set to new limits
  • Earned Income Tax Credit (EITC), limit raised to over $8,000
  • Estate Tax Limits increase over $13.9 mil
  • Gift limit to $19,000 for 2025

We would also like to hear from you on future casts and tips you like for us to talk about in 2025. 

Please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto #IRS #taxlimits #planning #tax

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• Going to do quick shorts two times a week with tips and things happening
  • Company Profiles
  • Tax Tips
  • Investment outlooks
  • How to save money
  • We have to bring Tom back to the show!!!
  • Hopefully our first "Live" event in 2025

We would also like to hear from you on future casts and tips you like for us to talk about in 2025. 

Please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto

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• Financial Planning Series continues
• Weekly Market Updates
• New Series on the Book Richest Man in Babylon  by George Clanson

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com or give him a call at 614-310-0269 he love to hear from you.  

If you live in the Columbus, OH or St Louis, MO area he would be happy to sit down and meet with you at his office or at a local coffee shop and he would be happy to buy the coffee. 

Check out CONSUS website at, http://www.consuswmg.com/

We would also like to hear from you on future casts feel free to leave a comment or email us. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto

• Petro Dollar what does it mean
• Petro Dollar, who created it
• Why is the US Dollar so strong?
• Money Supply what will happen if this stops
• The Fed how do they react?
• What does this all mean for the average investor?
• Crypto, Bitcoin
• Give Tom a Call, he is here to help. 

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com or give him a call at 614-310-0269 he love to hear from you.  

If you live in the Columbus, OH or St Louis, MO area he would be happy to sit down and meet with you at his office or at a local coffee shop and he would be happy to buy the coffee. 

Check out CONSUS website at, http://www.consuswmg.com/

We would also like to hear from you on future casts and we hope to have an opportunity to do a "Live" event in 2023. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

#Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #Petrodollar #thefed #moneysupply #Bitcoin #Crypto

• Importance of Financial Plan
• The Fed and Rates
• Banking Industry What is going on? 
• SVB Silicon Valley Bank
• Gold, Silver and Dollar
• Credit Unions
• Big Banks/Regional Bank Risk
• Give Tom a Call he is there to help. 

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com or give him a call at 614-310-0269, he love to hear from you.  

If you live in the Columbus, OH or St Louis, MO area he would be happy to sit down and meet with you at his office or at a local coffee shop and he would be happy to buy the coffee. 

Check out CONSUS website at, http://www.consuswmg.com/

We would also like to hear from you on future casts and we hope to have an opportunity to do a "Live" event in 2023. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

Send in a voice message: https://anchor.fm/topshelftalks/message

Tom's Message to his clients on SVB:

Hope you are doing well. You have likely heard by now that Silicon Valley Bank and its parent company SVB Financial Group failed as a bank last Friday. Given that this is a concerning event, I wanted to reach out and answer some of the questions you may have about what’s happening. 

How It Happened: There were a number of influences that together spelled the downfall of the bank.

From 2020 through 2021, Silicon Valley Bank took in incredibly high deposits through PPP loans and through clients that were taking their companies public through a Special Purpose Acquisition Vehicle (SPAC). SVB took those deposits and decided to invest in long-term bonds, such as mortgages and treasuries, while interest rates were low.

2022 was a very different year. Silicon Valley Bank’s unique customer base of private companies started to need cash and, as a result, pull their deposits. In addition, interest rates also increased, which negatively impacted the mark-to-market value of its longer-term bonds.  

In an effort to appropriately deal with the impacts of its mark-to-market losses, the bank used a valid accounting change to consider those bonds “held to maturity.” (Any bonds that are held to maturity do not need to be updated with the market value but can be held on the books at cost.)

Unfortunately, you cannot hedge interest rate risk for bonds in the “held to maturity” category, meaning the bank could not appropriately hedge interest rate risk for these longer-term bonds (of which they had many).

The combination of reducing deposits, too few assets that were marked at the market (or consistent with the current market value), and growing withdrawals forced the bank to sell their held-to-maturity bonds. When they sold these assets, the paper losses became realized, and those losses effectively overwhelmed the bank's equity, causing the bank to fail.

All of this happened over the course of a week — and mostly over a two-day period. The stock was worth $267.83 close of business Wednesday and worthless by the close of business Friday.

Did Silicon Valley Bank do anything wrong? SVB did not break any written rules, but they did not effectively hedge their interest rate risk. Poor risk management ultimately spelled their doom. It would have been easy enough to reduce purchases of so many long-term bonds back in 2021, but the appeal for the bank to make a little bit more money on their deposits was likely too strong.

Also, how many market participants expected the Federal Reserve to raise interest rates so much so quickly? They were unprepared for the shifting market environment.

Some have said it was a “bank run.” Is that right? Yes, there are really three reasons why depositors pulled their money out. Many depositors  needed money because their startup businesses were not as successful as anticipated due to the market environment.

In addition, some depositors wanted higher interest rates they could achieve with a money market fund (4.5% vs. 1% at many banks). And when depositors realized that the bank’s tangible equity was falling, those with more than the FDIC-insured limit of $250,000 on deposit decided to take their additional savings out to be safe. 

Is this a risk for the big banks (over $250B in assets)? Big banks are stress-tested regularly and are required to hedge their interest rate risk. As a result, those banks are not at risk of the same problems as Silicon Valley Bank.

What about smaller banks? Yes, some smaller banks with more aggressive treasury operations (what they choose to do with the deposits and how they hedge or not) are at risk. Signature Bank of New York has been seized by regulators. Other midsize banks (which have less than $250 billion in assets) seem to have low tangible equity. Banks can be notoriously difficult to analyze, so I expect many who invest for dividends to find greener pastures.

Impact on the market? We’re not sure yet how this will impact the market other than introducing more volatility. Some believe that the Fed must stop raising interest rates immediately to stem the losses of these poorly performing long-term bonds on bank balance sheets, while others think the Fed needs to continue to raise rates to combat inflation. 

One thing is certain: bond market volatility, as measured by the MOVE Index, is likely to be heading higher. Last year, when the MOVE index increased, financial conditions tightened, the stock market declined, and the economy slowed. A similar scenario could be the case again in 2023.

That said, it’s important to recognize events like this do happen and keep in mind that we invest for long-term returns. Depositors will be okay as FDIC insures deposits up to certain limits. Equity holders of the banks may not. 

I encourage you to follow reputable news sources for more minute-to-minute developments. But rest assured, I will be paying careful attention to it myself and will reach out again if needed. If you have any questions about this or your portfolio, please give me a call or respond to this email.

 #Podcast #ElectionDay #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP...

• Real Estate
• Mortgage Products
• FHA, Conforming Loan, PMI
• Find an expert in your area.
• How Important are Closing Costs? 
• How long does the process take?
• How early should you apply for a mortgage when purchasing a home?
• Give Kevin a Call he is here to help. 

If you like a disscuss a mortgage or in market for a home or just like to chat with Kevin, email kbailey@usavingsbank.com  or give him a call at 614-578-8773 he love to hear from you.  

We would also like to hear from you on future casts and we hope to have an opportunity to do a "Live" event in 2023. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

 #Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k #mortgages #PMI #FHA #closingcosts #purchasehome #USBanks

• Importance of Financial Plan
• Being Successful in Retirement
• 401k Really a Good Program
• 401k Roth Little Hidden Secret 
• What is really a Fiduciary? 
• Richest Man in Babylon by George S. Clason 
• Don't wait get with a Certified  Financial Planner
• Give Tom a Call he is here to help. 

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com or give him a call at 614-310-0269 he love to hear from you.  

If you live in the Columbus, OH or St Louis, MO area he would be happy to sit down and meet with you at his office or at a local coffee shop and he would be happy to buy the coffee. 

Check out CONSUS website at, http://www.consuswmg.com/

We would also like to hear from you on future casts and we hope to have an opportunity to do a "Live" event in 2023. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

If you like to check out the book Richest Man in Babylon, here is link to Amazon. 

https://www.amazon.com/dp/B0BM76P9WN?psc=1&ref=ppx_yo2ov_dt_b_product_details

 #Podcast  #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner #Roth401k

• Again, Importance of Financial Plan
• Being Successful in Retirement
• Is clipping coupons in your future? 
• Going to the Gym really what you need in 2023?
• Hidden Money could it be there? 
• What is really a Fiduciary? 
• What is coming up, our series on the book Richest Man in Babylon by George S. Clason 
• Don't wait get with a Certified  Financial Planner
• Give Tom a Call he is there to help. 

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com or give him a call at 614-310-0269 he love to hear from you.  

If you live in the Columbus, OH or St Louis, MO area he would be happy to sit down and meet with you at his office or at a local coffee shop and he would be happy to buy the coffee. 

Check out CONSUS website at, http://www.consuswmg.com/

We would also like to hear from you on future casts and we hope to have an opportunity to do a "Live" event in 2023. 

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

If you like to check out the book Richest Man in Babylon, here is link to Amazon. 

https://www.amazon.com/dp/B0BM76P9WN?psc=1&ref=ppx_yo2ov_dt_b_product_details

 #Podcast #ElectionDay #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan #Fiduciary #Hiddenmoney #CFP #Don'twaitgetaplan #certifiedfinancalplaner

Topics in this Podcast:

• Networth Important?  / One Recording says it's not. 
• Don't mess with the Blue Chips buy the Penny stocks and Crypto.
• Live like College Students to build Wealth
• Live like no-one today so you can live like no-one tomorrow. 

If you want to talk about our Podcast please Just email us at topshelftalks@yahoo.com.

If you like a financia plan or just chat with Tom, email tom@consuswmg.com he love to hear from you. 

We Love to hear from you.

Tom's Website;

http://www.consuswmg.com/

#TicTok #Podcast #ElectionDay #Networth #reactions #pennystocks #crypto #Collegestudents #topshelftalks

Topics:

• Election Day - What does the Markets usually do post Mid-terms
• Taxes, some changes happening in 2023
• 401k Contributions Changes
• Don't forget you financial Plan and Give Tom a Call!!!

If you want to hear new topics on our Pod Casts please just email us at topshelftalks@yahoo.com.

If you like a financial  plan or just chat with Tom, email tom@consuswmg.com he love to hear from you. 

Tom's Website:

http://www.consuswmg.com/

#Taxes #Podcast #ElectionDay #Networth #reactions #topshelftalks #401k #401kContributions #Makingtherightfinancalplan #CONSUS #areyoudoingenough #Financialplan 

Resources:

https://www.irs.gov/newsroom/401k-limit-increases-to-22500-for-2023-ira-limit-rises-to-6500

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023

Topics in this Podcast:

• Electric Vehicles 
• Cost vs Standard Car
• EV go beyond being a Car.

Just email us at topshelftalks@yahoo.com.

We Love to hear from you.

Tom's Website;

http://www.consuswmg.com/

Resources:

https://www.evgo.com/

https://www.electrifyamerica.com/

#electric #EV #Electricvehicle #Rivian #Tesla #GM #Ford

Throw a little Motorcycle in there too.

Topics in this Podcast:

• Housing what is going on? 
• Housing Pricing under pressure?
• Mortgage Rates 
• Short Term Rates and have they been as affected by the fed?

If you would like to talk with Tom about your specific situation, financial plan or investments opportunities feel free to call Tom at 614-310-0169 ext 1, or via email at tom@consuswmg.com.

If you are looking for advice on a mortgage or any lending products we have some Subject Matter Experts that can help or as we mention in the cast if you want to hear us talk about any specific topics please let us know.  

Just email us at topshelftalks@yahoo.com.   

We Love to hear from you. 

Tom's Website;

http://www.consuswmg.com/

Resources:

Property Onion

https://propertyonion.com/education/mortgage-rate-predictions-for-2023/

Sorry we have both been on vacation so we didn't post an episode last week.  

Topics in this Podcast:

• Quick Update on our Vacations and what we saw from an economic point of view.
• Where is the Fed Taking us?
• Inflation "Again"
• Importance of a financial plan.
• Tom's Big announcement

If you would like to talk with Tom about your specific situation, financial plan or investments opportunities feel free to call Tom at 614-310-0169 ext 1, or via email at tom@consuswmg.com.  

Tom's Website;

http://www.consuswmg.com/

Resources:

"Dr Doom"

https://www.yahoo.com/video/dr-doom-nouriel-roubini-warns-201839931.html

JP Morgan / Chase CEO - Jamie Dimon 

https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html

Disclosure:

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. 

If you have any questions regarding specific topics please email topshelftalks@yahoo.com

We look at different tools and strategies on how to hedge off losses and preserve capital in a bear market and economic recession.  

Topics:

• Market Updates September 2022
• Bear market vs Recession
• Buffered ETFs
• Dollar Cost Averaging back into down market
• Don't just ride the storm.

As always, if you would like to talk with Tom about your specific situation, financial plan or investments opportunities feel free to call Tom at 614-310-0169 ext 1, or via email at tom@consuswmg.com.

Resources: 

Anatomy of a Recession (Franklin Templeton)

https://www.franklintempleton.com/insights/anatomy-of-a-recession?role=fp&msclkid=30dd43cc67821ebba95e20e699f7fb64&utm_source=bing&utm_medium=cpc&utm_campaign=us_aor_T-TL-Anatomy-of-a-Recession_none_UNB&utm_term=anatomy%20of%20a%20recession&utm_content=AOR_Recession_none_UNB_EXT

Bear Markets:

https://finbold.com/guide/bear-market-definition/

Disclosure:

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. If you have any questions regarding specific topics please email topshelftalks@yahoo.com

We talk about:

• Retirement Goals
• Income vs Growth, how does a Financial Plan
• Growth for you retirement
• Will I run out of money in retirement?
• Social Security 
• Tax Rates/Tax Planning

If you would like to talk with Tom you can reach him at 614-310-0169 ext 1, or via email at tom@consuswmg.com.

Resources:

Social Security Funding:

https://www.ssa.gov/benefits/retirement/planner/credits.html

https://www.ssa.gov/benefits/retirement/planner/taxes.html

Income Tax Brackets:

https://www.cnbc.com/2021/11/11/inflation-pushes-income-tax-brackets-higher-for-2022-.html

https://www.forbes.com/advisor/taxes/taxes-federal-income-tax-bracket/

Will I run out of money?

https://www.tampabay.com/news/business/2021/04/02/will-you-really-run-out-of-money-in-retirement/

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. If you have any questions regarding specific topics please email topshelftalks@yahoo.com

#FinancialPlan #FinancialPlanning #Taxfreeincomeinretirement #Taxplanning #SocialSecurity #RetirementGoals #GrowthMoney #WillIrunoutofmoney

Topics:

• Market Updates for August and September 2022
• Impacts from record Inflation
• The Fed and their activities
• Seems to be No Where to hide in investing your money
• Things to keep an eye on in coming weeks. 

As always, if you would like to talk with Tom about your specific situation, financial plan or investments opportunities feel free to call Tom at 614-310-0169 ext 1, or via email at tom@consuswmg.com.

Clips from Tom's Email to his Clients

Fed & Inflation Reduction

The talk of the town remains reducing inflation along with the timeline and level of Fed aggression. There was no Fed meeting in August, there was the yearly Jackson Hole Symposium, it showed Federal Reserve Chair Jerome Powell is on an aggressive mission.

In the meeting of central bankers from around the world, Powell indicated continued vigilance in conquering inflation and used several key-phrases that got the market’s attention. Powell mentioned that the Fed will “use our tools forcefully” and “for some time”–and that these are some of the “unfortunate costs of reducing inflation."

Bond Yields Rise

When interest rates increase, bond prices decrease and bond yields rise. Benchmark 10 year note yield had whopper of a month during August, settling at 3.132% for the month, up from July’s of 2.641%. Shorter duration interest rates, including 5-year and 2-year notes, also rose in August.

While interest rates have risen more sharply in 2022 versus recent years, it’s wise to keep in mind that 10-year note yields have been much higher in the past, impacting the time’s mortgage rates. In fact, 30-year mortgage rates exceeded 17%, in 1981 and 1982.

Nobody knows how high rates will go during this cycle, but it’s always good to have a basis for comparison relative to the country’s last inflationary period.

Stock Market Reaction

Following the Fed commentary, the U.S. equities seemed to be that the Fed’s rate hike agenda may last for an extended period and that higher rates are even more likely as the inflation battle continues.

Inflation metrics released in August showed Consumer Price Index (CPI) unchanged in July unchanged in July but still higher by 8.5% year-over-year. 

Fall & The Fed

As fall approaches, attention will turn to the September Fed meeting. Rate hike is widely expected at the Fed meeting on September 20-21. As of September 6, there’s a 26% chance of a 50 basis point hike and a 74% chance of a 75 basis point hike, per the CME FedWatch Tool.

Resources Mentioned in the Pod Cast

Fed Comments and outlook:

https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm#:~:text=Moreover%2C%20there%20will%20very%20likely,unfortunate%20costs%20of%20reducing%20inflation.

Mortgage Rates

https://fred.stlouisfed.org/series/MORTGAGE30US

CPI:

https://www.bls.gov/opub/ted/2022/consumer-price-index-unchanged-over-the-month-up-8-5-percent-over-the-year-in-july-2022.htm

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. If you have any questions regarding specific topics please email topshelftalks@yahoo.com

#FinancialPlan #FinancialPlanning #Taxfreeincomeinretirement #Taxplanning #MarketOutlook #StockMarket #BondMarket #TheFed #InterestRates

We talk about:

• Details in the Financial Plan. 
• Implementation of your financial plan
• Quick overview of Taxes.
• Preview of our Pod Cast on Tax Free Income in Retirement

If you would like to talk with Tom you can reach him at 614-310-0169 ext 1, or via email at tom@consuswmg.com.

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. If you have any questions regarding specific topics please email topshelftalks@yahoo.com

#FinancialPlan #FinancialPlanning #Taxfreeincomeinretirement #Taxplanning 

In this Episode we talk about: 

• What is a Financial Plan?
• What age should you have a financial plan?
• Examples of things that a financial plan have. 
• How often do you need to review you financial plan?

If you would like to talk with Tom you can reach him at 614-310-0169 ext 1, or via email at tom@consuswmg.com. 

Any information provided in this podcast, should be considered Information only and should not be taken for legal, tax or specific financial advice. If you have any questions regarding specific topics please email topshelftalks@yahoo.com