In this festive episode of Caffeine and Cash Flow, Michael guides you through the 12 Days of Financial Wellness. Discover essential tips on managing assets, liabilities, protection, and cash flow as you prepare your balance sheet for the new year. Whether you're planning for personal property, savings, investments, or understanding liabilities, this episode provides practical advice to enhance your financial health.

Here’s some of what we discuss in this episode:

• Protecting your balance sheet.
• The different categories of assets.
• How to view different types of debt and other liabilities.
• Understanding your cash flow and how to use that for retirement planning.

Check out the sample balance sheet here: https://caffeinecashflow.com/wp-content/uploads/2024/12/LBS-sample-client-dashboard-2024.pdf

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

As we approach the new year, it's essential to stay informed about the financial changes that could impact your retirement planning. The latest episode of the Caffeine and Cash Flow podcast will provide you with updates for 2025, focusing on pension and retirement plan contribution limits.

Here’s some of what we discuss in this episode:

• The maximum amounts you can put into different types of IRAs.
• Should you be maxing out the catch-up contributions?
• Something that’s brand new for 2025.
• Social Security COLA increase and other changes to benefits.
• The gift tax exclusion is going up as well.

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

We’ll continue with part two of our conversation on how the economy has grown under previous presidential administrations. In the previous episode, we discussed some of the more recent administrations, but this time we’ll go back deeper into history and take a good look at older data.

Here’s some of what we discuss in this episode:

• How inflation factors into growth for certain asset classes.
• How WWII tied into the economic recovery out of the Great Depression.
• Stock markets generally stayed strong during the Depression and through the war.
• Building a portfolio that’s resistant to politics.

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897