On this episode of "On the Money," Paul Ruedi, David Ruedi, Ryan Repko, and Dr. Fred Giertz discuss the meaning of wealth. They also cover how taxes owed on your investments create a "money illusion" and how people let politics influence their investment outlook.
(4:52) Do wealthy people feel wealthy?
(12:20) Social Security solvency
(23:00) Roth Conversions
(26:49) A drop in portfolio value doesn’t always mean you have a taxable loss
(27:45) The “money illusion” due to taxes
(31:30) Status of client financial plans
(35:02) When politics impacts your investment outlook
(48:00) Biggest risk to retirees is their own behavior