Financial Year in Review for 2022
Key Points – Financial Year in Review for 2022
- It’s All Starts with a Financial Plan
- Sharing Our Passion for Financial Education Across Various Platforms
- It’s Important to Do a Financial Year in Review for 2022 Before Diving Right into 2023
- Accomplishing Your Goals for Retirement with the Least Possible Amount of Risk
- 7 Minutes to Read
There Is a Lot to Be Learned in This Financial Year in Review for 2022
We’ve always stressed how critical it is to have a forward-looking comprehensive financial plan in place to prepare for and go through retirement. What we’ve been through in 2022 has further backed our belief in that. 2022 was no doubt one of the craziest years in the markets and economy in recent memory, but through it all, we’ve done our best to enhance our commitment to financial education.
There is a lot of financial education to unpack from the past year. So, before we head into 2023, we want to do a financial year in review for 2022. We’re going begin our financial year in review by doing a quick month-by-month overview of what Dean Barber has covered in his Monthly Economic Updates.
Monthly Economic Updates
Economic uncertainty reared its ugly head from the get-go in 2022 as inflation kept rising. In each Monthly Economic Update, Dean assesses year-to-date market performances, how the market faired in the previous month, and much more.
- January: Navigating the Latest Market Fluctuations
- February: Staying Calm Amid Economic Uncertainty
- March: A Recent History of Inverted Yield Curves
- April: Mortgage Rates and Interest Rates on the Rise
- May: Bear Market Rallies
- June: Are We in a Recession?
- July: The Definition of a Recession
- August: Market Conditions Falter to Round Out August
- September: Examples of Market Risk Abound in September
- October: When Will the Bear Market Be Over?
- November: Inverted Yield Curve Signals Recession
We hope that you’ll notice as well that there’s a theme at the end of each of his MEUs. Dean stresses the importance of keeping the lines of communication open with your financial advisor, especially during times of market volatility like we’ve experienced in 2022. That’s a key component of our financial year in review for 2022 and will be for the foreseeable future. Stay tuned for Dean’s December 2022 MEU, which will be published in the first week of 2023.
The Modern Wealth Management Educational Series
Another pillar of our commitment to financial education is the Modern Wealth Management Educational Series. Our biweekly webinars cover a wide range of retirement planning topics and offer unique perspectives from different subject matter experts. And, of course, each of those retirement planning topics illustrate why it’s pivotal to have a financial plan. Our financial year in review for 2022 wouldn’t be complete without taking a look at some of our most viewed webinars:
- 401(k) Planning for 2022
- IRA Planning for 2022
- Setting Up a Spending Plan for Retirement
- Maximizing Social Security Benefits
- Retiring During a Recession
- What Is Tax Diversification?
- ABCs of Medicare
- Year-End Tax Planning for 2022
- Inflation Expectations for 2023
We’re already looking forward to the first educational series event of 2023, which will be on Wednesday, January 11. They will continue every other Wednesday, excluding some holiday weeks. Register here to enhance your financial education for 2023 and beyond!
America’s Wealth Management Show
We can hope that you can already see how seriously we take educating people about retirement planning with what we’ve already shared during our financial year in review for 2022. However, we haven’t even touched on one of our firm’s most recognizable education platforms. We’re talking about none other than America’s Wealth Management Show.
On the Radio and Your Favorite Podcast App!
Dean and Bud Kasper have hosted America’s Wealth Management Show for nearly two decades. They’re always quick to say that their loyal listeners have played a big role in America’s Wealth Management Show being Kansas City’s longest-running financial education radio show. Along with being on the airwaves in Kansas City, you can also find America’s Wealth Management Show every week on your favorite podcast app. Each episode is available on Apple Podcasts, Spotify, and you can also watch on YouTube.
Dean and Bud have 70-plus years of service in the financial industry and neither of them intend to retire anytime soon. Instead, they’re focused on helping other people live their one best financial life by sharing their retirement planning knowledge on America’s Wealth Management Show.
Check Out Our Episodes from 2022
So, as we do our financial year in review, make sure to check out the you get the chance to catch some our favorite America’s Wealth Management Show episodes from the past year.
- 5 Retirement Planning Tasks for a Better 2022
- Understanding US Inflation
- 10 Ways to Fight Inflation in Retirement
- Market Volatility: Short-Term or Here to Stay?
- The True Meaning of Tax Planning
- What Is Going on in the Bond Market?
- Setting Retirement Savings Goals
- The Impact of Rising Interest Rates
- 8 Ways to Prepare for a Recession
- 5 Factors More Important Than Rate of Return
- 5 Types of Financial Plans
- 9 Items Retirement Calculators Miss (That Our Tool Doesn’t)
- 5 Retirement Mistakes to Avoid
- 8 Tips on Saving for Retirement
The Guided Retirement Show
America’s Wealth Management Show isn’t our only podcast either. We like to think that our other podcast, The Guided Retirement Show, offers the best of both worlds. Just like America’s Wealth Management Show, each The Guided Retirement Show episode features Dean, and you can find it on your favorite podcast app and YouTube. And like our educational series, The Guided Retirement Show features various other subject matter experts along with Dean.
In 2022, we released Seasons 6 and 7 of The Guided Retirement Show. You can listen to each of those episodes below as a part of our financial year in review for 2022.
- Understanding Sequence of Returns Risk with Bud Kasper
- Investing in Private Equity with Michael Bell
- The Difference Between Good Debt and Bad Debt with Logan DeGraeve
- The Ins and Outs of Property and Casualty Insurance with Sarah Askren
- Creating a Financial First Aid Kit with Will Doty
- Navigating Health Care Costs in Retirement with Taylor Garner
- Avoiding Costly Mistakes When Claiming Social Security with Ken Sokol
- Accessing Liquidity in REITs and Private Real Estate Markets with Brian King
- Optimizing Your 401(k) for Retirement with Drew Jones
- Alternatives to Stocks and Bonds with John Hampton
- Ed Slott In-Studio!
- Mail Bag: Answering More Questions from Listeners with Chris Rett
- The Fed and the Markets Face Multiple Headwinds with Brad Kasper
- Tax Planning Strategies with Marty James
- Don’t Wait, Act — Overcoming Uncertainty with Logan DeGraeve
- Private Equity Explained with Michael Faciana
- Taxes in Retirement with Steven Jarvis
- Planning for RMDs with Will Doty
- Financial Planning for Veterans
- Mortgage Tips for Different Phases in Life with Tim Kay
- Don’t Overpay Your Taxes: Giving Thanks for Tax Planning with Dean Barber
- 20 Retirement Questions You Should Be Asking with Chris Rett
And Our Guided Retirement System
The name of The Guided Retirement Show closely aligns with the name we’ve given to our financial planning process, the Guided Retirement System. It’s a proprietary system that is designed to guide people to and through retirement. And you probably noticed in our financial year in review for 2022 that we discussed the Guided Retirement System on the Modern Wealth Management Educational Series and America’s Wealth Management Show.
One of the most important things to know about the Guided Retirement System is that it is unique to you. In other words, your financial plan is not going to be the same as your best friend’s, no matter how much you think you may have in common. A big reason for that is because the purpose of the Guided Retirement System is to accomplish your personal goals while taking on the least possible amount of risk. We need to understand how you think and feel about money before we build out your plan.
What Questions Do You Have About Our Financial Year in Review for 2022?
While we ask consistently ask questions to clients and prospective clients as we’re building and updating their financial plan, we also want them to ask us questions. But we also want to make sure you’re asking the right questions (see the Season 7 Guided Retirement Show finale).
All too often, one of the most common questions that our CFP® Professionals are asked when first meeting with prospective clients is, “How Much Do I Need to Retire?” Well, if that answer was so simple, we wouldn’t have nearly as much content to break down during our financial year in review for 2022. Like we said at the beginning of the article and in much of our content from 2022, it all starts with a financial plan.
If you haven’t already started building a financial plan, we’re giving you a couple of different ways to get started. First, we’re giving you access to our industry-leading financial planning tool at no cost or obligation. And you can use it from the comfort of your own home. Just click the “Start Planning” button below to begin building your plan with the same tool that our CFP® Professionals use.
Don’t Hesitate to Reach Out to Us with Those Questions
If you already have a financial plan or have at least started to build one, we still encourage you to check it out. That’s especially true if you’ve been using a retirement calculator because there are so many things that they miss.
And whether you have questions about what we’ve covered in our financial year in review for 2022, our tool, or anything else in your financial life, you’re also welcomed to schedule a meeting with one of our CFP® Professionals. You have the option to schedule a 20-minute “ask anything” session or a complimentary consultation. We can meet with you in person, by phone, or virtually—whatever is easiest for you. We can even screen share while using our tool so that nothing is slipping through the cracks.
Financial Education Never Stops
We hope that there have been a few things that you’ve taken away from this financial year in review for 2022 that can be helpful to you for many years to come. If you’re a Modern Wealth Management client, this financial year in review for 2022 could be beneficial to you as well. Our good friend, Ed Slott, couldn’t have said it better when he said that financial education never stops.
We also encourage you to share this financial year in review for 2022 with your friends. We wish you all the best as we close out 2022 and begin 2023 and hope to see you soon.
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Investment advisory services offered through Modern Wealth Management, LLC, an SEC Registered Investment Adviser.
The views expressed represent the opinion of Modern Wealth Management an SEC Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.