Inglorious Finance

Have you ever wondered if you were in the right job or not?  Or maybe you know the answer to that question already, but don’t know how to make the next move.  Chris Czarnik, an expert on career optimization and job search, joins Mike and Patrick for an in-depth look at optimizing your career, and how to seek out and receive your best value. Links:  https://myhumansearchengine.com/   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

The years leading up to retirement can be some of the most stressful of our financial lives as retirement represents a significant change in how we live our day to day lives. Join Mike and Patrick as they discuss some of the difficulties of being in the retirement red zone and how you can make certain changes ahead of time to help alleviate some of the stress.   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

What can we do to get through all the noise and find the things that really matter? In today's era of media and news every story is viral and available at our fingertips within seconds. But just because we have availability doesn’t make the information relevant to our lives. Join Mike and Patrick as they discuss how to follow the news and where to find it.   Sources: https://www.cnbc.com/2017/08/09/even-if-you-bought-just-as-the-global-financial-crisis-erupted-10-years-ago.html     www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.Any opinions are those of Financial Advisors Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed.

Having a baby can change your perspective on life. This often means reassessing your financial situation and monthly spending. Mike and Patrick dive into some of the categories you should evaluate when growing your family.   Sources: https://www.cbsnews.com/news/planning-for-a-family-how-to-start-saving/  https://www.usda.gov/media/blog/2017/01/13/cost-raising-child https://www.cnpp.usda.gov/sites/default/files/crc2015.pdf https://www.ssa.gov/oact/NOTES/ran6/an2018-6.pdf   www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Any opinions are those of Financial Advisors Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

From the simple to the complex, annuities and their various forms are one of the most misunderstood products in the financial services industry. Because of this misunderstanding, annuities have often been oversold and received a bad reputation. Join Mike and Patrick as they discuss what an annuity is and how they can sometimes be a good fit. Sources: https://www.thinkadvisor.com/2013/01/30/ruark-study-annuitization-rates-are-below-5-percen/?slreturn=20181126164634 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Rising healthcare costs and coverage options continue to be a hot topic for most Americans as they try to decipher what is best for their families. Mike and Patrick sit down to discuss healthcare sharing ministries, what they offer and don’t offer, and why it might be a good fit for you and your family. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Any opinions are those of Michael Macco and Patrick Stoa and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete.  Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse the entities mentioned in Podcast. Health Insurance or Health Insurance alternatives are not offered through Raymond James. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Being a business owner doesn’t just involve being a good practitioner of one’s craft. Are many business owners experts in their chosen field? Absolutely. But running a successful business often involves having a better-than-average understanding of finances, budgeting, logistics, communication, strategic planning, marketing, human resources, and so much more. In this episode of Inglorious Finance, Patrick and Mike introduce some of the financial implications of business ownership and how business owners can plan for financial stability, a happy workplace and eventually, their own profitable succession. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Mike, Patrick, and Andrew sit down to discuss the current state of higher education, how to plan for it, and what it is going to cost. The guys share their own experiences on college and what tools are available to students looking to save time and money.   https://www.bls.gov/emp/chart-unemployment-earnings-education.htm https://trends.collegeboard.org/sites/default/files/education-pays-2016-full-report.pdf https://modernstates.org/ Here is the Wisconsin 529 Plan https://529plans.investments.voya.com/Wisconsin/index.htm#.W6AYEOS0VHM   Any opinions are those of the Mike Macco, Patrick Stoa, and Andrew Froelich not necessarily those of Raymond James or RJFS. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable but accuracy is not guaranteed. Information presented is general in nature and is not a complete statement of all information necessary for making an investment, and should not be construed as a recommendation to buy or to sell any security. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. Rules and laws governing 529 plans are varied and subject to change. As with other investments, there are generally fees and expenses associated with participation in a 529 plan. There is also a risk that these plans may lose money or not perform well enough to cover college costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. Investors should consider, before investing, whether the investor’s or the designated beneficiary’s home state offers any tax or other benefits that are only available for investment in such state’s 529 college savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. The tax implications can vary significantly from state to state. Changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional. Death of the contributor prior to the end of the five-year period may result in a portion of the contribution to be included in the contributor’s estate. Tax-free withdrawals may be made for qualified education expenses. Otherwise, the deferred earnings portion may be subject to taxes and a 10% penalty. Investors should carefully consider the investment objectives, risks, charges and expenses associated with 529 college savings plans before investing. More information about 529 college savings plans is available in the issuer’s official statement. The official statement is available through your financial advisor, and should be read carefully before investing. Before investing, it is important to consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

You don’t have to look too hard to find a news article regarding the Social Security Program and its flaws. But how did we get to where we are today and what can be done going forward? Join Mike Macco, Patrick Stoa, and special guest Scott Stolz Senior Vice President from Raymond James as they discuss some of the hottest topics regarding the Social Security Administration. www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Any opinions are those of Mike Macco, Patrick Stoa, and Scott Stolz, and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. It is general in nature and is not a complete statement of all information necessary for making an investment decision. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Are you stepping into the house market for the first time? Listen in, as Mike and Patrick discuss the home buying process, from whether you should own or rent, features to consider, and a bonus bad neighbor story! Stay tuned to the end, as we discuss how to think about your mortgage as well. https://www.maccofinancial.com/blog/is-your-house-sabotaging-your-retirement www.twitter.com/IngloriousFin www.facebook.com/ingloriousfinance www.ingloriousfinance.com Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Any opinions are those of Mike Macco and Patrick Stoa and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Information was received from sources believed to be reliable, but accuracy is not guaranteed. Raymond James Financial Services, Inc., and your Raymond James Financial Advisor do not solicit or offer residential mortgage products and are unable to accept any residential mortgage loan applications or to offer or negotiate terms of any such loan. You will be referred to a qualified Bank employee for your residential mortgage lending needs.

Mike and Patrick share their thoughts on the basic financial steps a young person can take to prepare their financial foundation.  As the conversation grows, they expand the conversation to the transition time when it maybe makes sense to engage a financial planner.  Stay tuned to the end, to hear just how easy (maybe even pleasurable?) the process can be. https://www.maccofinancial.com/smartvestor-pro https://www.maccofinancial.com/blog/is-your-house-sabotaging-your-retirement If you want to get the process off the ground: Get Started www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Have you ever had a hard time making an important financial decision, or later discovered you made a major mistake? Join Mike and Patrick as they talk about several well-known, but perhaps not well understood, aspects of behavioral finance. Stay tuned to the end, as this episode may make you ponder the objectivity of your own decisions!     Resources: https://www.wsj.com/articles/impatient-investors-get-caught-in-the-return-gap-1525658940 https://www.kitces.com/blog/datapoints-building-wealth-assessments-sarah-fallaw-thomas-stanley-millionaire-next-door-book/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=Michael%20Kitces&utm_content=Predicting%20Wealth%20Building%20Behavior%20With%20DataPoints%20Assessment%20Tools https://ofdollarsanddata.com/be-careful-what-you-choose-dd3cf7b45dd9 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Have you ever wondered how to teach your kids about money?  Perhaps you have wondered if you are missing an important lesson?  Join Mike and Patrick as they share their own experiences and stories.  Not only will their share some of their own history growing up, but also how they are teaching their own children right now, with kids ranging from pre-school to college age.   Resources: https://www.daveramsey.com/blog/how-to-teach-kids-about-money http://wimedialab.org/finance/ https://www.parents.com/parenting/money/family-finances/teaching-kids-about-money-an-age-by-age-guide/ https://www.mint.com/ultimate-resources-for-teaching-kids-about-money www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

When you know, you know, but what about all the things that happen after asking the question? Mike, Patrick, and Andrew sit down to discuss some of the financial implications of getting married. They also share some of their experiences and tips for couples planning a wedding as well as just starting out in their marriage. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Divorce happens. Knowing how it affects your finances and thinking about your future as a single person can help give you peace during a time of uncertainty. Mike & Patrick discuss the implications of divorce and the changes to alimony under the new tax law. www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/   Any opinions are those of Michael Macco and Patrick Stoa and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Expressions of opinion are as of this date and are subject to change without notice. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Patrick and Mike discuss the human realities of aging, sharing real life examples from their own families. They focus the conversation around three key questions developed by the research team at the MIT AgeLab. Key resources are available with this podcast, to help you strike up this important conversation within your family. Additional Resources Quality of Life Worksheet To a Long and Healthy Retirement The Apps, Sites & Devices Changing the Way We Age Three Questions That Can Predict Future Quality of Life   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James is not affiliated with and does not endorse the opinions or services of the MIT AgeLab.

There are a number of important steps involved in buying a car. In this episode, Mike and Patrick get into the weeds of the car buying process to help you become an informed consumer. From researching vehicles, getting rid of your old one, fees involved in buying a car and the math and logic behind paying cash, leasing or financing your next vehicle. Lease Report   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. These services are not offered through Raymond James. The information in the podcast has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of the speakers and not necessarily those of Raymond James.

Whether you are close to retiring or 30 years away, it’s hard to envision living into your 90’s. But with life expectancies continuing to rise, this can be one of the most crucial factors in retirement planning. Join Mike Macco and Andrew Froelich as they discuss how Social Security, long term care, and Medicare can all play a role in planning for a long life.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Long Term Care Insurance or Asset based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½, may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. Please consult with a licensed financial professional when considering your insurance options. These policies have exclusions and/or limitations. The cost and availability of LTC insurance depend on factors such as age, health, and the type and amount of insurance purchased. As with most financial decisions, there are expenses associated with the purchase of LTC insurance. Guarantees are based on the claims paying ability of the insurance company. Changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James Financial Services advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Everyone knows the stock market was great in 2017, but where will it go from here? Patrick and Mike discuss the major themes of the US economy looking into 2018, and reveal the potential thorns that could slow things down. They also take an in-depth look how the new tax law changes might affect you. Notes: 2018 Withholding Tables https://www.irs.gov/pub/irs-pdf/n1036.pdf Average savings for various income levels http://www.businessinsider.com/trump-tax-plan-senate-take-home-pay-changes-every-income-level-2017-12 www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James Financial Services advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

When you’re ready to save, it’s hard to know if you should contribute to an IRA before taxes or to a Roth IRA after tax. Join Patrick and Mike as they shed some light on this topic and discuss what a 401(k) loan is and whether you should do it.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

You know you need life insurance. But how much? Which kind? And for how long? Mike and Patrick share their opinions on how to address the financial risks associated with death and whether life insurance can also be an investment.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

With just a few days left to the year, what better time to finish your year-end gifting and set your sights on a prosperous 2018! Join hosts Patrick Stoa and Mike Macco as they discuss various ways to give and their easy tips on improving your personal financial situation.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

You have undoubtedly heard about the hot “cryptocurrency”, Bitcoin. But what is it? And what will become of it? Financial advisors, Mike Macco and Patrick Stoa discuss just that, as well as how criminals and governments feel about it and how it compares to our traditional monetary system.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, ad a potential total loss of their investment. The prominent underlying risk of using bitcoin as a medium of exchange is that it is not authorized or regulated by any central bank. Bitcoin issuers are not registered with the SEC, and the bitcoin marketplace is currently unregulated. Securities that have been classified as Bitcoin-related cannot be purchased or deposited in Raymond James client accounts.

The US Department of Labor's Conflict of Interest Rule - dubbed the "Fiduciary Rule" - is slowly taking effect. Join Patrick and Mike as they discuss what it means to be a fiduciary & what it means to investors.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services.

Mike & Patrick enjoy a Spotted Cow a delve into where markets are, where we think they're going and what you should do about it. View/Download JP Morgan's Guide to the Markets for Q4 2017.   www.ingloriousfinance.com https://twitter.com/IngloriousFin https://www.facebook.com/IngloriousFinance/ Opinions Expressed are those of the speakers and not necessarily those of Raymond James. Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. Macco Financial Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Inclusion of these indexes is for illustrative purposes only. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance does not guarantee future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. Diversification and asset allocation do not ensure a profit or protect against a loss.