In this episode of the 9innings Podcast, hosted by Kevin Thompson, the discussion focuses on pressing economic issues with guest Andrea Kennedy from Wiser Wealth. Key topics include significant market declines, the end of economic cycles, and their relationship to inflation and monetary policy. The conversation delves into the inflationary impact of tariffs, the implications of proposed tax cuts, and the urgency of reshoring manufacturing. Andrea shares insights on strategic investment shifts towards commodities and the global trade dynamics concerning the U.S. dollar. The episode underscores the need for clarity in policy-making to foster investor confidence and economic stability.

End of Economic Cycle (00:02:39)

Reshoring and Economic Policy (00:06:44)

Investor Sentiment and Market Reaction (00:10:12)

Legislative Rumors and Tax Implications (00:14:09)

Housing Market Dynamics (00:18:15)

Impact of Tariffs on Agriculture (00:20:12)

Dollarization and Global Trade (00:25:52)

Historical Context of Economic Policies (00:29:38)

Investor Advice (00:33:15)

Closing Remarks (00:34:10)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

In this podcast episode, We converse with Catherine Tindall, a CPA and partner at Dominion Enterprise Services, about the critical importance of proactive tax planning. They discuss common mistakes business owners make during tax season, such as waiting until the last minute and not engaging in ongoing tax planning. Catherine highlights audit triggers and the significance of profit management. They also explore how financial advisors can build better relationships with CPAs to enhance client outcomes. The episode aims to educate and empower listeners to optimize their tax strategies effectively.

Common Tax Mistakes (00:02:11) .

Profit Management Discussion (00:05:32) .

Audit Triggers for Business Owners (00:08:11)

Challenges in Tax Filing (00:10:08)

Understanding Tax Professionals (00:12:48)

Avoiding Overly Complex Interactions (00:16:40)

Practical Strategy for Client Situations (00:16:54)

Biggest Tax Pet Peeve (00:18:26)

Client Expectations from Tax Professionals (00:21:35)

Conclusion and Final Thoughts (00:22:50)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this episode of the 9innings Podcast, Kevin Thompson, founder of 9i Capital Group, and Joy Slabaugh MTax, MA, LACMH CFP®, explore the emotional and psychological dimensions of financial decision-making. Kevin shares a personal story about a client’s emotional distress due to financial losses, emphasizing the importance of understanding clients' emotional experiences with money. Joy discusses her focus on the behavioral aspects of finance, highlighting how attitudes and beliefs about money impact happiness and financial decisions. The episode underscores the need for financial advisors to engage deeply with clients to foster better financial well-being.

Joy's Background and Focus (00:03:34)

Consumerism and Society (00:06:40)

Client Case Study (00:08:29)

Shifts in Client Behavior (00:11:12)

Psychological Manipulation in Marketing (00:12:35)

Approaching Financial Conversations (00:14:42)

Emotional Responses in Decision-Making (00:16:28)

Advisors' Growth Cycle (00:18:09)

Importance of Emotional Relationships (00:22:02)

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In this episode of the 9Innings Podcast, I, Kevin Thompson, founder and CEO of 9i Capital Group, explore the possibility of balancing the U.S. federal budget. I break down the national deficit, government spending, and tax revenue, proposing potential solutions like budget cuts and tax reforms. I use hypothetical scenarios, including significant spending cuts and implementing tariffs, to illustrate paths to a balanced budget. I emphasize the complexities of economics versus simple math, highlighting the potential impacts on the economy. The episode aims to educate and engage listeners on this critical financial issue, encouraging informed discussions about the nation's fiscal future.

Creative Budget Cuts Scenario (00:02:05)

Tax Cuts and Revenue Impact (00:03:19)

Tariffs and Revenue Generation (00:04:27)

Final Revenue Calculations (00:05:45)

Elon’s Budget Cuts Revisited (00:07:07)

Economic Growth Considerations (00:10:21)

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Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

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In this episode of the 9innings Podcast, The Cost of Tax Cuts - Who Really Pays the Bill?", host Kevin Thompson, critically analyzes three bipartisan tax proposals: no tax on tips for service workers, no federal tax on the first $150,000 of income, and eliminating social security taxation. Kevin argues that while these proposals may seem beneficial, they could lead to negative outcomes such as increased deficits and reduced employer incentives to raise wages. He emphasizes the importance of understanding the long-term consequences and who ultimately bears the cost of these tax cuts.

No Tax on Tips (00:02:06)

No Federal Tax on First $150,000 of Income (00:04:40)

Eliminating Social Security Tax (00:08:04)

Conclusion and Final Thoughts (00:10:18)

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: In this podcast episode, Kevin Thompson and Ryan Hughes of Bull Oak Investments, discuss the financial advisory industry's challenges, particularly for smaller Registered Investment Advisors (RIAs). They explore the difficulties in talent acquisition due to industry consolidation and financial constraints. The conversation also highlights the rise of unqualified individuals claiming to be financial experts, stressing the need for stronger enforcement and consumer education.

Additionally, they touch on current market conditions, inflation, and economic policies, emphasizing the importance of building strong relationships and maintaining integrity within the industry. The episode provides valuable insights into the complex financial landscape.

Challenges of Talent Acquisition (00:01:42)

Hiring Experiences and Lessons (00:04:00)

Social Media and Misleading Financial Claims (00:06:36)

Need for Stronger Enforcement (00:09:36)

Proposed Solutions for Identifying Experts (00:12:13)

Contrarian Views on Inflation (00:15:15)

Pandemic's Impact on Inflation (00:18:32)

Investor Sentiment and Market Trends (00:20:49)

American Innovation vs. European Pessimism (00:22:58)

Closing Thoughts on American Values (00:24:06)

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In the "Special Needs Planning: 18 and Beyond" episode of the 9innings Podcast, we delve into the challenges parents and guardians face as their special needs children transition into adulthood. Key topics include the legal shifts at age 18, such as guardianship and power of attorney, financial planning through special needs trusts and ABLE accounts, and the transition from school to adulthood with options like vocational training. I also highlight the emotional adjustments required for fostering independence and building a support system. This episode is a comprehensive guide for navigating this critical life stage.

Understanding the Legal Shift (00:01:11)

Financial and Future Planning (00:06:37)

Transitioning from School to Adulthood (00:09:16)

Emotional and Practical Adjustments (00:10:45)

Closing Thoughts (00:13:13)

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