📢 Last chance to save on our bond courses - use bonds2025 at checkout to get 10% off our bond courses through Monday, Feb 3rd & learn all about bond investing while yields are high: www.diamondnestegg.com/home#_paa2isucf 💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners 💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters 💎Email jennifer@diamondnestegg.com & we will connect you with a colleague who will create your customized annuity plan for you or wait for the rest of our Annuities 2025 video series! >>>>>>>>>> WATCH NEXT >> Our Bond Courses vs TH-cam Membership | Which Is Right For You: th-cam.com/video/H5h4Eyh0hjo/w-d-xo.html >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: th-cam.com/video/uXPzbje1g2E/w-d-xo.html >> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: th-cam.com/video/p90IDmXn19s/w-d-xo.html >>>>>>>>>> SOURCES: www.wsj.com/economy/trade/trump-says-tariffs-are-coming-on-computer-chips-steel-and-more-cef9974c?mod=hp_lead_pos1 www.census.gov/foreign-trade/statistics/graphs/TopImpPartners.html apnews.com/article/trump-davos-tariffs-taxes-world-economic-forum-85aa42fb7751bedc1643c5a0e465a053 www.google.com/ en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States#/media/File:Average_tariff_rates_(France,_UK,_US).png www.wsj.com/economy/trade/trumps-arrival-brightens-u-s-outlook-darkens-everyone-elses-909d0466?mod=hp_major_pos1 en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States www.bloomberg.com/ >>>>>>>>>> Here is the overview for Bond Beginners: 1. Bond Basics What A Bond Is & How A Bond Works Why Invest In Bonds New Issue vs Secondary Market Bonds Interest Rates & Bond Prices Current Yield & Yield To Maturity Always Remember This! Buying At Par, Above Par & Below Par Different Types Of Bonds Wrap-Up 2. The Risks Of Bond Investing Seven Key Bond Risks Credit Risk Interest Rate Risk Reinvestment Risk/Call Risk Inflation Risk Liquidity Risk Currency Risk & Country Risk Bond Risk Mitigation Strategies Wrap-Up 3. US Treasuries Overview What Are US Treasuries Why Invest In Treasuries Where Can You Buy Treasuries How Are Treasuries Taxed Wrap-Up 4. Treasury Bills What Are Treasury Bills (T-Bills) When Do T-Bill Auctions Happen Where Should You Buy At Auction Auto-Roll When Buying At Auction Where To Find Recent Auction Results High Rate vs Investment Rate Reopening Auctions Cash Management Bills (CMBs) Buying & Selling On Secondary Market Wrap-Up 5. Treasury Notes & Bonds What Are Treasury Notes & Bonds When Do Auctions Happen Buying Treasury Notes & Bonds Auction High Yield vs Interest Rate Floating Rate Notes (FRNs) Treasury Zeros (STRIPS) Wrap-Up 6. TIPS (Inflation-Protected) What Are TIPS When Do TIPS Auctions Happen Nominal vs Real Yields Negative Yields How Do You Adjust TIPS For Inflation Taxes On Phantom Income Secondary Market Liquidity Wrap-Up 7. I-Bonds (Inflation-Protected) What Are I-Bonds How Does I-Bond Interest Work I-Bonds vs TIPS The Annual I-Bond Limit Wrap-Up 8. Agency Bonds The Universe Of Bonds What Are Agency Bonds How Are Agency Bonds Taxed Treasuries vs Agencies Who Might Want To Consider Agencies Yield-To-Call & Yield-To-Worst Where Can You Buy Agency Bonds Wrap-Up 9. Municipal Bonds Our Bond Universe Gets More Complex What Are Municipal Bonds How Safe Are Munis How Are Munis Taxed The De Minimis Rule Social Security & Medicare Premiums Treasuries, Agencies & Munis Who Might Want To Consider Munis Wrap-Up 10. Corporate Bonds Our Bond Universe Is Complete What Are Corporate Bonds How Safe Are Corporates Corporate Bond Hierarchies Five Key Features Of Corporate Bonds How Are Corporates Taxed Treasuries vs Corporates, Etc. Who Might Want To Buy Corporates Wrap-Up >>>>>>>>>> Here is the overview for Bond Masters: 1. Stocks vs Bonds Historical Performance Are Bonds Really Less Volatile Why Invest In Bonds Accumulation vs Decumulation Allocation of Stocks vs Bonds Wrap-Up 2. Which Bonds Might Be Right For You Treasuries & Other Types of Bonds Nominal vs Real Yields Inflation vs Non-Inflation-Protected Taxable vs Tax-Advantaged Accounts Wrap-Up 3. Bond Ladders & Other Bond Strategies Normal vs Inverted Yield Curve What Is A Bond Ladder 5 Important Bond Laddering Questions Laddering When Rates Are Rising Laddering When Rates Are Falling Laddering When Rates Are Uncertain What Is A Bullet What Is A Barbell Wrap-Up 4. Holding to Maturity vs Selling Early Why Hold to Maturity When To Sell Early Before Maturity Tax Implications Of Selling Early Wrap-Up 5. Individual Bonds, Bond Funds, Etc. Why Buy Individual Bonds Why Buy Bond Funds Bond Fund Considerations Key Bond Fund Concepts CDs vs Treasuries Other High-Yield Investments Wrap-Up 6. Our B.E.S.T. Model Portfolios By Age Our B.E.S.T Model Portfolios By Age Model Portfolios In The Industry B.E.S.T Model Portfolio Difference How Much Do You Need To Retire? How I Use The Rules of 100, 110, & 120 B.E.S.T Model Portfolios (20s) B.E.S.T Model Portfolios (30s & 40s) B.E.S.T Model Portfolios (50s & 60s) B.E.S.T Model Portfolios (70s+) Wrap-Up 7. The Decumulation Phase What Is The Decumulation Phase? Bear Markets & Recessions What Can You Do In Bad/Bear Markets Decumulation Tax Considerations The 4% Rule The Bucket Strategy The Flooring Approach Jen’s Bucket Strategy With A Twist Wrap-Up >>>>>>>>>> Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY
It's simply a way to raise taxes in a way that hits middle and lower classes the most and generates more profits for the already obscenely rich. instead of taxing the rich to help balance to the federal budget the 95% will pay. BTW, the biosphere can not withstand sustained and unconstrained growth - that's insane.
Get your facts straight . The top 10% of earners pay 76% of federal income tax. The bottom 50% of wage earners paid 2%. How much tax is too much i would ask? you could take every $ earned from all wage earners and still run a deficit. If the Democrats had won they would have let the Trump tax cuts expire (they are still in effect). What about the high inflation those bumblers caused? Doesnt that anger you? read and understand more please.
Trump wants to eliminate the income tax and replace them with tariffs. This would be great for those in the top tax brackets, while those at the lower end, who already pay little if any income taxes, will pay tariffs. It will be interesting to see how all of this goes over.
@@ds7440 yeah I know, all top economist agree that the high prices will get passed on to the consumers. As if stuff don't already cost too much. Everything is about to get even more expensive.
@@baggobilbins5183 yeah right. I don’t believe you will “pit up with it” - even if you are super wealthy. Inflation hits everyone. Including corporate profits.
You're being cautiously optimistic while trying to not ruffle political feathers. But we all know this is going to dramatically increase the cost of living due to high inflation. Trying to bring manufacturing back to the U.S is going to take years. Time most citizens can't endure financially.
We missed that train. People should have taken action when manufacturing first left america. But then again, better late than ever, but not through tariffs. They are trying to squeeze everyone across the world and increase the gap between poor and rich.
Companies aren't going to go through the expense of setting up MFG in US given Trump changes his whims on an daily basis. Without stability of policy companies will hold off.
@@NEV3RBACKDOWN I not saying don't bring manufacturing back that it's going take time. More time than most can afford who are already suffering and are at wits end.
Factor in the boycotts that are currently happening. Canadians are already boycotting netflix and other U.S companies, canceling vacation plans to the U.S is just the beginning.
I'm extremely concerned about Elon Musk's team of unvetted 19-24 year olds having unfettered access to the treasuries payment systems. No one elected Musk. Call your congress representatives and demand swift action. Are treasuries a safe investment if people are tinkering with the underlying accounting??
No one elected the IRS either. Musk's jib is to make the departments & agencies operate more efficiently & effectively; NIT to change their mission. Quit whining.
It’s not just higher wages in the U.S., it’s higher costs for insurance, energy costs, material costs, rent… I really hope fallout from tariffs don’t wipe out the struggling small business owners. It’s still regrettably extra anxiety and uncertainty for them.
Of course we hope that there is not too much pain. Trump used tariffs in his first term and there was no inflation from it. Sofar he has used it as a bargaining tool. (see Columbia and Panama). The Mexican tariffs have now been delayed 1 month (within the past hour) as Mexico has agreed to help secure the border. There has to be some pain to fix what Biden has broken. The sky is not falling. Take a breath everyone
If we bring manufacturing back to the US in a big way, where will companies find workers? Serious question. I don't think the administration will welcome low-cost immigrants.
In 2023, the US imported about $4T. In that same year the total federal revenues were about $4.5T. We also ran a roughly $2T deficit but let's ignore that for the moment and magically agree that DOGE cuts $2T from annual spending. Given $4T in imports with say a 25% tariffs, the feds will bring in $1T in tariff revenue. We still have a shortfall of about $3T for funding the federal budget. So some other form of taxation is needed or tariffs need to go to roughly 100% if we have any hope of funding the majority of the federal government with tariffs. In addition, that $1T in revenue or whatever it will be will show up in higher consumer costs. Eventually such a strategy may be to bring all production to the US but then the import tariff revenue goes away so we are back to a federal tax revenue problem. Where would that revenue come from? Income taxes? Sales tax? Other taxes? And, I haven't even touched on retaliatory tariffs that will have a downward pressure on American exports. Targeted tariffs may have a place in economic policy but we seem to be engaging "spray and pray" shooting strategy that is going to be damaging to friend and foe alike but more over to Americans ourselves. We have been bellyaching about the high inflation experienced under Biden but it is starting to look like that may well have been child's play by comparison. We will soon see.
His badgering of the Fed in his first term , yielding zero interest was inflationary. He benefited by increased value of his real estate. The cult is full of simpletons.
Also consider if prices go up less people will buy them. When that happens companies that import will import less product. When they do that they won't get as good of price breaks for buying in bulk. Then the prices will go up more because they didn't get as good of a deal.
Lets assume that companies do decide to move manufacturing to the US. No one seems to mention how many years it will take for all of these companies to actually acquire land, get all necessary approvals, build facilities, hire staff (with a low unemployment rate). Even if all of this is done, they then have to import raw materials from the rest of the world, with only the hope that trump will stop the tariffs on what they need to import. Once everything is in place, are Americans going to be willing (or even able) to pay 50% more for that product than they are currently paying? That's not even getting into whether the rest of the world would then be able to afford that product once it is made in the US. We will always have a trade deficit because we have the most money to buy things. The people that have the most money, spend the most money. It's vexing to see the (claimed) biggest champions of free enterprise trying to implement isolationist economic policy.
In an era of hyper partisanship . . . you seem to have the gift of just sticking to the facts - much like the Economist magazine. Well done and a welcome breathe of fresh non-partisan air.
American addictions to drugs and cheap goods are the root of the problems. Tariffs do not address those issues. Unless we magically eliminate labor cost arbitrage, who and where things are made will remain the deciding factor. The biggest downside to all of this is that we appear fickle and unreliable which has security as well as economic implications.
During the “Golden Age” , in the late 1800’s there was no income tax. Federal income tax happened after the 16th amendment was passed in 1913. So, prior to this tariffs were a way to fund the Government. Now instead of increasing income taxes, or taxes on corporations, or the rich, the administration is approaching broad based tariffs as a way of bringing in additional income. This is a back door way of increasing taxes on consumers. The problem with this is retaliatory tariffs from opposing countries. Where does it end? We found this out in the 1930’s. Selective tariffs on specific industries important to our economy can be effective, however.
I have no confidence that his administration and the "beggar thy neighbor" trade policy will turn out well. I am trimming down my stock portfolio and sticking with Treasuries.
I think inflation will keep going even if it goes perfectly, which I doubt, "Greedflation" will continue and the interest rates will have to stay high for some time!
“Golden Age”? Are you aware of what is happening in Florida? High inventory, fewer completed sales of real estate. Déjà vu -GFC of 2008, tariffs won’t help where we are headed.
Florida and Texas are the most cyclical of the national markets. I lost money on multiple properties that I purchased there in the early and late 90s that I sold for an absolute dollar loss 20 years later. With inflation, it’s much much worse.
It's not that simple-tariffs can have both positive and negative effects, depending on the industry, the global economic climate, and your personal financial situation. I made the mistake of assuming tariffs would automatically lead to a stronger economy without considering the broader implications.
Anyone heard anything about musk getting control of some systems in the US Treasury? I’m shocked by this. I’m wondering if investing in treasuries is a good idea or not right now. I’m actually concerned for my money sitting in treasuries right now.
He’s not getting control. He’s getting access to the data to analyze the payments and the efficiency of the system. The swamp doesn’t want that because it might uncover all the waste and slush funds.
I was always a big saver and a low spender. As a result , in retirement I'm am an investor rather than spending down my assets. The tariffs won't affect me much as a have a good leeway between what comes in and what goes out. Unfortunately many of my neighbors don't have that much of a base, so they will get hurt. But maybe my taxes will still get lower!
In 1870 the United states population was 39 million people, it is now 340 million That's about 12% of our current population. AND there was only 37 states. Folks, at those sizes Fidelity and Schwab of 2024 could run the entire country. Tariffs are a form of sales tax in my opinion. I think we would be better off with VAT than tariffs.
Good points and Analysis. that said, even for the educated average middle-class working person the many nuances of this are complex. At the time of this reply we see he has suspended the tariff on Canada and Mexico for 30 days, if he was using that as a poker tactic to get them to pitch in on border security, and it ultimately works kudos to him and good for America. As far as The argument for bringing manufacturing back to the USA. As you accurately assess the cost of labor here in America is significantly higher than in Canada, and certainly Mexico or China. If an item cost $100 to manufacture in Mexico or china it might cost $500 to manufacture here in the United States. Paying five times more for an item will likely severely impact the average working middle-class person’s wallet, especially when prices of everything are out of control as they are at the moment. All politics aside, there might be some financially comfortable enough to say I don’t mind paying a little bit extra for the good of the country But there will likely be many who say I am all for being patriotic but ouch, this hurts.
The consumer can react to higher prices by purchasing goods and services withing the U.S. or not making purchases at all. Too many people conflate "wants" with "needs", I grew up in the 60's and 70's you adjust your spending accordingly.
Everyone needs to chill. So far Trump has used the tariffs as a negotiating tool. The previous administration policies have damaged areas of our economy and social structure. We need help from other countries to fix things. There will be some pain for sure but everyone needs to just take a chill pill. The sky is not falling. Trump is doing precisely what he was elected to do. Fix things.
Good video as always. Most likely the law of unintended consequences is what will happen. Almost impossible to predict the future with alot of accuracy. BTW sadly you will not stop Fentanyl as long as Americans have addictions. It isnt production it is use that drives this market. You dont sell what no one consumes. A new non opiate non addictive med was just approved by fda which can possibly help
This is what leadership looks like getting things done sleepy Joe didn’t wake up for two weeks he’s done more I am dem this is a breath of fresh air do what you say and say what you mean I saw none of this the last four years 😮
For me?? I'm sticking with Tbills for the near/long term...4.3% seems like a godsend during this uncertain time. Been taking great gains with Treasuries for well over a year....I'm in it for now
Jennifer, my credit card number changed so my subscription can't auto renew. Where can I provide my new credit card. Also, I was an early subscriber so is that renewal the same or lower than this special that ends tonight?
Just "share" it by message or email. I do that all the time. Works great. Below the title of this video you will see several options, one of which says "share". Just tap on that, then will come options for you to share, like "message", "email", etc. Tap on how you usually communicate with that person, tap on that choice, and it will send. You can even type a message before you send it. Good Luck.
Great news! We finally have a business person in the office instead of lifer politicians. We need a person who knows how to bargain with the countries in the world that have been killing us with their tariffs and other ways. Love it!!!
This toxic “dust” is going to destroy us before it “settles”! This taxing scheme relies on us being patsies and continuing to buy the tariffed goods and pay the taxes. We’re a bit more sanguine about our abilities to get by without “stuff” and to eat well without the tariffed foods.
About as balanced an approach as one can expect. My hunch is that Jenn grew up very close to her father (hence the logic and reason). Don't panic. Time will tell where wisdom lies!
Let's be real here. CA exports $448B/yr to USA. If our prices went up 10%, it would a pp increase of only $150 each per year. Big deal... We can all afford $150/yr increase to strengthen the USA. The trade balance needs to be fixed. It was long overdue and takes a maverick to get it done. BTW, both CA and MX have requested emergency meetings with the USA President today...
The debt has been neglected for too long. Our nation is headed for bankruptcy. The US is no longer able to be cash cow to the world. Drastic measures are warranted. The disparity between imports as it pertains to GDP is far greater for CA and Mex than it is for the US. They'll very likely come around.
Dream on. Who are the people that the rich are going to hire with this new demand in manufacturing? Our kids don’t want to work hard. Increased immigration? Appalachia, black jobs? Untrained and uneducated don’t cut it in today’s high tech manufacturing. Biden brought back more manufacturing than lardo, but those are facts. How did FoxConn turn out in Wisconsin? The grifter only cares about enriching himself, this is all a conn of epic proportions.
Tariffs are a powerful tool to help America by 1) Enticing our businesses to actually hire Americans in America 2) Stop the illegal crossings of millions every year. 3) Stop illegal drug flow 4) Stop human trafficking 5) Stop brutal gangs coming into America. All the above cost American Citizens tremendously. I, for one, would rather pay a little more on goods for a time to stop the above.
Golden Age!! It gets me an opportunity to enter the market. LOVE TRUMP!! I can only hope the market comes down by 20% and after I have entered the market, it goes right back up 20% and then some. Love love love.
📢 Last chance to save on our bond courses - use bonds2025 at checkout to get 10% off our bond courses through Monday, Feb 3rd & learn all about bond investing while yields are high: www.diamondnestegg.com/home#_paa2isucf
💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners
💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters
💎Email jennifer@diamondnestegg.com & we will connect you with a colleague who will create your customized annuity plan for you or wait for the rest of our Annuities 2025 video series!
>>>>>>>>>>
WATCH NEXT
>> Our Bond Courses vs TH-cam Membership | Which Is Right For You: th-cam.com/video/H5h4Eyh0hjo/w-d-xo.html
>> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: th-cam.com/video/uXPzbje1g2E/w-d-xo.html
>> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: th-cam.com/video/p90IDmXn19s/w-d-xo.html
>>>>>>>>>>
SOURCES:
www.wsj.com/economy/trade/trump-says-tariffs-are-coming-on-computer-chips-steel-and-more-cef9974c?mod=hp_lead_pos1
www.census.gov/foreign-trade/statistics/graphs/TopImpPartners.html
apnews.com/article/trump-davos-tariffs-taxes-world-economic-forum-85aa42fb7751bedc1643c5a0e465a053
www.google.com/
en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States#/media/File:Average_tariff_rates_(France,_UK,_US).png
www.wsj.com/economy/trade/trumps-arrival-brightens-u-s-outlook-darkens-everyone-elses-909d0466?mod=hp_major_pos1
en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States
www.bloomberg.com/
>>>>>>>>>>
Here is the overview for Bond Beginners:
1. Bond Basics
What A Bond Is & How A Bond Works
Why Invest In Bonds
New Issue vs Secondary Market Bonds
Interest Rates & Bond Prices
Current Yield & Yield To Maturity
Always Remember This!
Buying At Par, Above Par & Below Par
Different Types Of Bonds
Wrap-Up
2. The Risks Of Bond Investing
Seven Key Bond Risks
Credit Risk
Interest Rate Risk
Reinvestment Risk/Call Risk
Inflation Risk
Liquidity Risk
Currency Risk & Country Risk
Bond Risk Mitigation Strategies
Wrap-Up
3. US Treasuries Overview
What Are US Treasuries
Why Invest In Treasuries
Where Can You Buy Treasuries
How Are Treasuries Taxed
Wrap-Up
4. Treasury Bills
What Are Treasury Bills (T-Bills)
When Do T-Bill Auctions Happen
Where Should You Buy At Auction
Auto-Roll When Buying At Auction
Where To Find Recent Auction Results
High Rate vs Investment Rate
Reopening Auctions
Cash Management Bills (CMBs)
Buying & Selling On Secondary Market
Wrap-Up
5. Treasury Notes & Bonds
What Are Treasury Notes & Bonds
When Do Auctions Happen
Buying Treasury Notes & Bonds
Auction High Yield vs Interest Rate
Floating Rate Notes (FRNs)
Treasury Zeros (STRIPS)
Wrap-Up
6. TIPS (Inflation-Protected)
What Are TIPS
When Do TIPS Auctions Happen
Nominal vs Real Yields
Negative Yields
How Do You Adjust TIPS For Inflation
Taxes On Phantom Income
Secondary Market Liquidity
Wrap-Up
7. I-Bonds (Inflation-Protected)
What Are I-Bonds
How Does I-Bond Interest Work
I-Bonds vs TIPS
The Annual I-Bond Limit
Wrap-Up
8. Agency Bonds
The Universe Of Bonds
What Are Agency Bonds
How Are Agency Bonds Taxed
Treasuries vs Agencies
Who Might Want To Consider Agencies
Yield-To-Call & Yield-To-Worst
Where Can You Buy Agency Bonds
Wrap-Up
9. Municipal Bonds
Our Bond Universe Gets More Complex
What Are Municipal Bonds
How Safe Are Munis
How Are Munis Taxed
The De Minimis Rule
Social Security & Medicare Premiums
Treasuries, Agencies & Munis
Who Might Want To Consider Munis
Wrap-Up
10. Corporate Bonds
Our Bond Universe Is Complete
What Are Corporate Bonds
How Safe Are Corporates
Corporate Bond Hierarchies
Five Key Features Of Corporate Bonds
How Are Corporates Taxed
Treasuries vs Corporates, Etc.
Who Might Want To Buy Corporates
Wrap-Up
>>>>>>>>>>
Here is the overview for Bond Masters:
1. Stocks vs Bonds
Historical Performance
Are Bonds Really Less Volatile
Why Invest In Bonds
Accumulation vs Decumulation
Allocation of Stocks vs Bonds
Wrap-Up
2. Which Bonds Might Be Right For You
Treasuries & Other Types of Bonds
Nominal vs Real Yields
Inflation vs Non-Inflation-Protected
Taxable vs Tax-Advantaged Accounts
Wrap-Up
3. Bond Ladders & Other Bond Strategies
Normal vs Inverted Yield Curve
What Is A Bond Ladder
5 Important Bond Laddering Questions
Laddering When Rates Are Rising
Laddering When Rates Are Falling
Laddering When Rates Are Uncertain
What Is A Bullet
What Is A Barbell
Wrap-Up
4. Holding to Maturity vs Selling Early
Why Hold to Maturity
When To Sell Early Before Maturity
Tax Implications Of Selling Early
Wrap-Up
5. Individual Bonds, Bond Funds, Etc.
Why Buy Individual Bonds
Why Buy Bond Funds
Bond Fund Considerations
Key Bond Fund Concepts
CDs vs Treasuries
Other High-Yield Investments
Wrap-Up
6. Our B.E.S.T. Model Portfolios By Age
Our B.E.S.T Model Portfolios By Age
Model Portfolios In The Industry
B.E.S.T Model Portfolio Difference
How Much Do You Need To Retire?
How I Use The Rules of 100, 110, & 120
B.E.S.T Model Portfolios (20s)
B.E.S.T Model Portfolios (30s & 40s)
B.E.S.T Model Portfolios (50s & 60s)
B.E.S.T Model Portfolios (70s+)
Wrap-Up
7. The Decumulation Phase
What Is The Decumulation Phase?
Bear Markets & Recessions
What Can You Do In Bad/Bear Markets
Decumulation Tax Considerations
The 4% Rule
The Bucket Strategy
The Flooring Approach
Jen’s Bucket Strategy With A Twist
Wrap-Up
>>>>>>>>>>
Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that:
1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances
2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY
It's simply a way to raise taxes in a way that hits middle and lower classes the most and generates more profits for the already obscenely rich. instead of taxing the rich to help balance to the federal budget the 95% will pay. BTW, the biosphere can not withstand sustained and unconstrained growth - that's insane.
What a heck a way of raising tax and destroying economic and livelihood. Don't mention about more inflation
Agreed. This is a bait and switch tactic. Just follow the money.
Get your facts straight . The top 10% of earners pay 76% of federal income tax. The bottom 50% of wage earners paid 2%. How much tax is too much i would ask? you could take every $ earned from all wage earners and still run a deficit. If the Democrats had won they would have let the Trump tax cuts expire (they are still in effect). What about the high inflation those bumblers caused? Doesnt that anger you? read and understand more please.
The rich are already highly taxed. The bottom 50% pay ~5% of the total income taxes paid.
@@pdureska7814 Koolaide anyone?
Trump wants to eliminate the income tax and replace them with tariffs. This would be great for those in the top tax brackets, while those at the lower end, who already pay little if any income taxes, will pay tariffs. It will be interesting to see how all of this goes over.
I don't think you know what tariffs are.
@@kickeramps He does, the cost of tariffs are passed on the consumer.
@@kickeramps The cost of tariffs is passed through to the consumer.
@@ds7440 yeah I know, all top economist agree that the high prices will get passed on to the consumers. As if stuff don't already cost too much. Everything is about to get even more expensive.
There's no way that US consumers are going to tolerate higher prices for very long to achieve any good. Sorry, Jen, this is bad news.
You are an expat, are you? Noted, and ignored. I'll put up with it. I live here.
@@americanexpat8792 exactly!!!
@@baggobilbins5183 Nope. Not anymore.
@@baggobilbins5183 yeah right. I don’t believe you will “pit up with it” - even if you are super wealthy. Inflation hits everyone. Including corporate profits.
You're being cautiously optimistic while trying to not ruffle political feathers. But we all know this is going to dramatically increase the cost of living due to high inflation. Trying to bring manufacturing back to the U.S is going to take years. Time most citizens can't endure financially.
Ok then when would be a better time? Inflation has been out of control for four years already. Get real.
We missed that train. People should have taken action when manufacturing first left america. But then again, better late than ever, but not through tariffs. They are trying to squeeze everyone across the world and increase the gap between poor and rich.
Companies aren't going to go through the expense of setting up MFG in US given Trump changes his whims on an daily basis. Without stability of policy companies will hold off.
What do you think we have right now? High inflation. The previous Administration lied and fudged economic numbers every which way from Sunday.
@@NEV3RBACKDOWN I not saying don't bring manufacturing back that it's going take time. More time than most can afford who are already suffering and are at wits end.
Factor in the boycotts that are currently happening. Canadians are already boycotting netflix and other U.S companies, canceling vacation plans to the U.S is just the beginning.
especiall Tesla and Starlink
I’m boycotting Netflix but for different reasons . I’m American
I'm extremely concerned about Elon Musk's team of unvetted 19-24 year olds having unfettered access to the treasuries payment systems. No one elected Musk. Call your congress representatives and demand swift action. Are treasuries a safe investment if people are tinkering with the underlying accounting??
pulled my I-bond last night
🤡
No one elected the IRS either. Musk's jib is to make the departments & agencies operate more efficiently & effectively; NIT to change their mission. Quit whining.
@@2nGeneva No you didn't🙄
@ Yes, I did!
It’s not just higher wages in the U.S., it’s higher costs for insurance, energy costs, material costs, rent… I really hope fallout from tariffs don’t wipe out the struggling small business owners. It’s still regrettably extra anxiety and uncertainty for them.
Of course we hope that there is not too much pain. Trump used tariffs in his first term and there was no inflation from it. Sofar he has used it as a bargaining tool. (see Columbia and Panama). The Mexican tariffs have now been delayed 1 month (within the past hour) as Mexico has agreed to help secure the border. There has to be some pain to fix what Biden has broken. The sky is not falling. Take a breath everyone
Insurance rates are already through the roof with 💯 increases.
If we bring manufacturing back to the US in a big way, where will companies find workers? Serious question. I don't think the administration will welcome low-cost immigrants.
Well, there is currently a huge AI bubble desperately trying not to pop
In 2023, the US imported about $4T. In that same year the total federal revenues were about $4.5T. We also ran a roughly $2T deficit but let's ignore that for the moment and magically agree that DOGE cuts $2T from annual spending. Given $4T in imports with say a 25% tariffs, the feds will bring in $1T in tariff revenue. We still have a shortfall of about $3T for funding the federal budget. So some other form of taxation is needed or tariffs need to go to roughly 100% if we have any hope of funding the majority of the federal government with tariffs. In addition, that $1T in revenue or whatever it will be will show up in higher consumer costs. Eventually such a strategy may be to bring all production to the US but then the import tariff revenue goes away so we are back to a federal tax revenue problem. Where would that revenue come from? Income taxes? Sales tax? Other taxes? And, I haven't even touched on retaliatory tariffs that will have a downward pressure on American exports. Targeted tariffs may have a place in economic policy but we seem to be engaging "spray and pray" shooting strategy that is going to be damaging to friend and foe alike but more over to Americans ourselves. We have been bellyaching about the high inflation experienced under Biden but it is starting to look like that may well have been child's play by comparison. We will soon see.
that math doesn't math
His badgering of the Fed in his first term , yielding zero interest was inflationary. He benefited by increased value of his real estate. The cult is full of simpletons.
curious where you're getting the 4T in imports for 2023. I get 3.1T from the bureau of economic analysis
Also consider if prices go up less people will buy them. When that happens companies that import will import less product. When they do that they won't get as good of price breaks for buying in bulk. Then the prices will go up more because they didn't get as good of a deal.
@JohnAnderson-o8l That may be true as well.
Lets assume that companies do decide to move manufacturing to the US.
No one seems to mention how many years it will take for all of these companies to actually acquire land, get all necessary approvals, build facilities, hire staff (with a low unemployment rate). Even if all of this is done, they then have to import raw materials from the rest of the world, with only the hope that trump will stop the tariffs on what they need to import.
Once everything is in place, are Americans going to be willing (or even able) to pay 50% more for that product than they are currently paying?
That's not even getting into whether the rest of the world would then be able to afford that product once it is made in the US.
We will always have a trade deficit because we have the most money to buy things. The people that have the most money, spend the most money.
It's vexing to see the (claimed) biggest champions of free enterprise trying to implement isolationist economic policy.
EXACTLY!
And a lot of construction labor is currently being deported
In an era of hyper partisanship . . . you seem to have the gift of just sticking to the facts - much like the Economist magazine. Well done and a welcome breathe of fresh non-partisan air.
The top companies are not American; they are global.
Please answer me: who will pay for the tariffs? Importers which will pass on to the consumers. So ultimately Americans.
History has a precedence for sudden increase in tariffs and ensuing trade war can have catastrophic outcomes. How do we protect our financial assets.?
Same as always. Buy shares of good US companies. And don't soil yourself while the market goes up and down.
Most production would be automated if it were to return.
Leaving no wealth to trickle down to us peasants
American addictions to drugs and cheap goods are the root of the problems. Tariffs do not address those issues. Unless we magically eliminate labor cost arbitrage, who and where things are made will remain the deciding factor. The biggest downside to all of this is that we appear fickle and unreliable which has security as well as economic implications.
Good advice to not panic until things become clearer. As long as short term t-bills are above inflation I’m staying the course.
Not when Elon & his Intern mess up the treasury accounting.
That's my fear, they manipulate the inflation numbers to get what they want @@freedomlife3623
During the “Golden Age” , in the late 1800’s there was no income tax. Federal income tax happened after the 16th amendment was passed in 1913. So, prior to this tariffs were a way to fund the Government. Now instead of increasing income taxes, or taxes on corporations, or the rich, the administration is approaching broad based tariffs as a way of bringing in additional income. This is a back door way of increasing taxes on consumers. The problem with this is retaliatory tariffs from opposing countries. Where does it end? We found this out in the 1930’s. Selective tariffs on specific industries important to our economy can be effective, however.
Well put.
Uncertainty in the market- I run to Jen!
I have no confidence that his administration and the "beggar thy neighbor" trade policy will turn out well. I am trimming down my stock portfolio and sticking with Treasuries.
lol. Mexico has folded like a used shirt. They’ve given up.
Gold and silver are moving up.
Promises made.
Promises kept.
When a sinking economy happens, which is likely, the cash rich scoop up deals on failing properties and failing companies. Is this the real plan?
I think inflation will keep going even if it goes perfectly, which I doubt, "Greedflation" will continue and the interest rates will have to stay high for some time!
It's refreshing to hear what you have to say!
“Golden Age”? Are you aware of what is happening in Florida? High inventory, fewer completed sales of real estate. Déjà vu -GFC of 2008, tariffs won’t help where we are headed.
Florida and Texas are the most cyclical of the national markets. I lost money on multiple properties that I purchased there in the early and late 90s that I sold for an absolute dollar loss 20 years later. With inflation, it’s much much worse.
Guessing i should have sold all my stocks, ETFs, and mutual funds last Friday.
You weren't listening!
Be sure to panic right away.
@ScooterOnHisWay2024 Panic early and often is what Nassim Taleb would say.
The problem is we don’t see wage difference due to corporations gouge American citizens and keep the difference
Imagine being jealous that your neighbors are doing okay even though you own the mansion in the neighborhood. 👈👈👀
Best coverage of the Trump tariff situation I've seen anywhere.
Great job! Brave, honest and fair advice.
It's not that simple-tariffs can have both positive and negative effects, depending on the industry, the global economic climate, and your personal financial situation. I made the mistake of assuming tariffs would automatically lead to a stronger economy without considering the broader implications.
Smoot Hawley tariff act. Anyone. Anyone. IYKYK
Anyone heard anything about musk getting control of some systems in the US Treasury? I’m shocked by this. I’m wondering if investing in treasuries is a good idea or not right now. I’m actually concerned for my money sitting in treasuries right now.
He’s not getting control. He’s getting access to the data to analyze the payments and the efficiency of the system.
The swamp doesn’t want that because it might uncover all the waste and slush funds.
Good question.
Mexico tariffs were paused for a month. Both presidents came to an agreement.
Got her to put 10000 troops on the boarder. Trump won.
I was always a big saver and a low spender. As a result , in retirement I'm am an investor rather than spending down my assets. The tariffs won't affect me much as a have a good leeway between what comes in and what goes out. Unfortunately many of my neighbors don't have that much of a base, so they will get hurt. But maybe my taxes will still get lower!
Thank you for this- so clear, concise, and helpful … truly appreciated! : )
In 1870 the United states population was 39 million people, it is now 340 million That's about 12% of our current population. AND there was only 37 states.
Folks, at those sizes Fidelity and Schwab of 2024 could run the entire country. Tariffs are a form of sales tax in my opinion. I think we would be better off with VAT than tariffs.
What will the Tariff funds be used for?
Replace income tax
@@linnie3942when does this take affect
@@linnie3942 so basically reverse tricle down, where poor pay all their paycheck to taxes and rich pay none.
Great message! Thank you!
Thanks for the video,
Sound Advice to stay level-headed and keep doing what's working. I thought we had a trade deal with Canada and Mexico.
Good information that is concise with a logical progression. Thank you so much.
Taking what the Wall Street Journal says as gospel is extremely naive.
thank you for an unbiased nonpartisan economic view
Good points and Analysis.
that said, even for the educated average middle-class working person the many nuances of this are complex.
At the time of this reply we see he has suspended the tariff on Canada and Mexico for 30 days, if he was using that as a poker tactic to get them to pitch in on border security, and it ultimately works kudos to him and good for America.
As far as The argument for bringing manufacturing back to the USA.
As you accurately assess the cost of labor here in America is significantly higher than in Canada, and certainly Mexico or China.
If an item cost $100 to manufacture in Mexico or china it might cost $500 to manufacture here in the United States.
Paying five times more for an item will likely severely impact the average working middle-class person’s wallet, especially when prices of everything are out of control as they are at the moment.
All politics aside, there might be some financially comfortable enough to say I don’t mind paying a little bit extra for the good of the country
But there will likely be many who say I am all for being patriotic but ouch, this hurts.
The consumer can react to higher prices by purchasing goods and services withing the U.S. or not making purchases at all. Too many people conflate "wants" with "needs", I grew up in the 60's and 70's you adjust your spending accordingly.
Yes, and that will tank the economy if looking at a macro view.
@adabamas I'm not worried there will be plenty of you still fulfilling your "wants".
Everyone needs to chill. So far Trump has used the tariffs as a negotiating tool. The previous administration policies have damaged areas of our economy and social structure. We need help from other countries to fix things. There will be some pain for sure but everyone needs to just take a chill pill. The sky is not falling. Trump is doing precisely what he was elected to do. Fix things.
Well said.
The world will hold MAGA accountable. Mark my words.
@jerrymann646 MAGA will find out soon enough that ignorance is costly.
Good video as always. Most likely the law of unintended consequences is what will happen. Almost impossible to predict the future with alot of accuracy.
BTW sadly you will not stop Fentanyl as long as Americans have addictions. It isnt production it is use that drives this market. You dont sell what no one consumes. A new non opiate non addictive med was just approved by fda which can possibly help
This is what leadership looks like getting things done sleepy Joe didn’t wake up for two weeks he’s done more I am dem this is a breath of fresh air do what you say and say what you mean I saw none of this the last four years 😮
And they already bent the knee.
Love this women
Nobody on YT does this type of analysis better than Jennifer does here.
For me?? I'm sticking with Tbills for the near/long term...4.3% seems like a godsend during this uncertain time. Been taking great gains with Treasuries for well over a year....I'm in it for now
Very short term pain to rewire and renegotiate the raw deals we’ve been getting. We’ll be on a better track soon.
Great Video!
Consumers are freaking out about egg prices. Do you think they will stomach any kind of inflation?
Thank you
Great video ! 👍👍
Jennifer, my credit card number changed so my subscription can't auto renew. Where can I provide my new credit card. Also, I was an early subscriber so is that renewal the same or lower than this special that ends tonight?
I wish I could make a clip of this video to send to a friend.
Just "share" it by message or email. I do that all the time. Works great. Below the title of this video you will see several options, one of which says "share". Just tap on that, then will come options for you to share, like "message", "email", etc. Tap on how you usually communicate with that person, tap on that choice, and it will send. You can even type a message before you send it. Good Luck.
TIPS are the only way for the next four years
It’s possible that the new U.S. employee is an Optimus. ❤
Great news! We finally have a business person in the office instead of lifer politicians. We need a person who knows how to bargain with the countries in the world that have been killing us with their tariffs and other ways. Love it!!!
Well, since Mexico just bent the knee... I guess it works.
Goldilocks outcome. Fwntenol stops. Tariffs lifted. Believe Trump's transparency.
Tariffs Trump, don't know cause his goals are unclear.
Let the dust settle.
This toxic “dust” is going to destroy us before it “settles”! This taxing scheme relies on us being patsies and continuing to buy the tariffed goods and pay the taxes. We’re a bit more sanguine about our abilities to get by without “stuff” and to eat well without the tariffed foods.
What did you buy for your household?
Mexico already folded..Canada on deck.
About as balanced an approach as one can expect. My hunch is that Jenn grew up very close to her father (hence the logic and reason). Don't panic. Time will tell where wisdom lies!
I think you might want to go towards the 1930s
Let's be real here. CA exports $448B/yr to USA. If our prices went up 10%, it would a pp increase of only $150 each per year. Big deal... We can all afford $150/yr increase to strengthen the USA. The trade balance needs to be fixed. It was long overdue and takes a maverick to get it done.
BTW, both CA and MX have requested emergency meetings with the USA President today...
Bless you, Jennifer, for being a voice of reason and calm in this uncertain time. ❤️
The debt has been neglected for too long. Our nation is headed for bankruptcy. The US is no longer able to be cash cow to the world. Drastic measures are warranted. The disparity between imports as it pertains to GDP is far greater for CA and Mex than it is for the US. They'll very likely come around.
Dream on. Who are the people that the rich are going to hire with this new demand in manufacturing? Our kids don’t want to work hard. Increased immigration? Appalachia, black jobs? Untrained and uneducated don’t cut it in today’s high tech manufacturing. Biden brought back more manufacturing than lardo, but those are facts. How did FoxConn turn out in Wisconsin? The grifter only cares about enriching himself, this is all a conn of epic proportions.
Yes, well said
Tariffs are a powerful tool to help America by 1) Enticing our businesses to actually hire Americans in America 2) Stop the illegal crossings of millions every year. 3) Stop illegal drug flow 4) Stop human trafficking 5) Stop brutal gangs coming into America. All the above cost American Citizens tremendously. I, for one, would rather pay a little more on goods for a time to stop the above.
Exactly
I thought the US government was tricameral and not unicameral. We choose leaders based on a personality contest and not competence?
Elon Musk is scary
You want lower egg prices and deregulation--you shall receive
Golden Age!! It gets me an opportunity to enter the market. LOVE TRUMP!! I can only hope the market comes down by 20% and after I have entered the market, it goes right back up 20% and then some. Love love love.
You missed the boat kid….
@@GAN-0 Trump is dismantling the biden regime money wasting machine! what is there to not love!!
I prefer steady 7-8 percent growth. Your bankruptcy expert is a shill, a conn, a grifter and has never left anything in better shape. Hate hate hate.
@@buckbenelli8 Ok good. You stick to your 7%. Not every one can be rich. I am and will continue to be.