Episodi

  • Tax Season 2024/2025

    Tax Season 2024/2025
    Jan 27 2025

    In this week's episode:

    • 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

    Intro and Exit Music brought you by:
    Fluid Dynamics by Punch Deck | https://soundcloud.com/punch-deck
    Music promoted by https://www.free-stock-music.com
    Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
    https://creativecommons.org/licenses/by/3.0/deed.en_US
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    5 min
  • Overview of General Motors (GM) & EVs

    Overview of General Motors (GM) & EVs
    Jan 15 2025

    In this week's episode:

    • 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

    Intro and Exit Music brought you by:
    Fluid Dynamics by Punch Deck | https://soundcloud.com/punch-deck
    Music promoted by https://www.free-stock-music.com
    Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
    https://creativecommons.org/licenses/by/3.0/deed.en_US
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    8 min
  • New Tax Changes for 2025 (Highlights)

    New Tax Changes for 2025 (Highlights)
    Jan 6 2025

    Our First Episode in 2025:

    • 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

    Intro and Exit Music brought you by:
    Fluid Dynamics by Punch Deck | https://soundcloud.com/punch-deck
    Music promoted by https://www.free-stock-music.com
    Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
    https://creativecommons.org/licenses/by/3.0/deed.en_US
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    4 min
  • Ready for 2025, we share our plans

    Ready for 2025, we share our plans
    Dec 22 2024

    What is new for 2025, we are:

    • 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

    Intro and Exit Music brought you by:
    Fluid Dynamics by Punch Deck | https://soundcloud.com/punch-deck
    Music promoted by https://www.free-stock-music.com
    Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
    https://creativecommons.org/licenses/by/3.0/deed.en_US
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    3 min
  • Quick Update / Taking the Summer Off and New Stuff Comming

    Quick Update / Taking the Summer Off and New Stuff Comming
    Jun 21 2023

    Quick Update on what we are working on this Summer

    • 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
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    3 min
  • Petro Dollar What is really mean? Does it change how we invest?

    Petro Dollar What is really mean? Does it change how we invest?
    Apr 19 2023

    Petro Dollar, so much talk but what does it really mean?

    • 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
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    12 min
  • Banks, Market What can you do? You know Focus on your Financial Plan

    Banks, Market What can you do? You know Focus on your Financial Plan
    Apr 5 2023
    Tom and Chris, 2nd Cast in 2023 we talk about: Importance of Financial PlanThe Fed and RatesBanking Industry What is going on? SVB Silicon Valley BankGold, Silver and DollarCredit UnionsBig Banks/Regional Bank RiskGive 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/messageTom'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 ...
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    20 min
  • Talking Mortgages, Real Estate Markets and How Things Have Change

    Talking Mortgages, Real Estate Markets and How Things Have Change
    Mar 8 2023

    We Talk all things Mortgages, Real Estate and types of Mortgage Products, with our Expert Kevin Bailey

    • 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
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    22 min