3 Indicators Your Financial Planning Needs a Course Correction Artwork

Excel in Retirement

Where financial planning becomes understandable. David brings interesting stories each week to listeners of his Excel in Retirement show along with actionable ideas that may help listeners avoid pitfalls that many people face in their retirement. David C. Treece began his career in the financial services industry in 2011. He is an independent financial adviser. He has passed the Series 65 securities exam, and he is health and life insurance licensed in several states. David’s financial advisory firm focuses on retirement income planning.David worked for two other financial advisors before founding his firm in 2018. David launched Clients Excel because he has a desire for his clients to have a second to none experience when it comes to their financial planning for retirement. David relentlessly strives to be the best at helping people prepare for retirement.The bedrock of David’s ethos is treating others as he would want to be treated.David works tirelessly to continually bring pertinent content to our clients and friends through our weekly newsletter and podcast. Through these, David brings informative content that may aid you in preparing for retirement. Through his financial planning work, David’s hope is that his clients are empowered to have a confident financial future.David and his wife, Mallory, have a daughter named Amelia and rescue dog named Oscar. They also have a backyard flock of chickens that Amelia loves to tend. David and his family are active in their church in Spartanburg. He is also a volunteer mentor with JumpStart, which is a ministry for people who have been recently released from prison.

All Episodes

Excel in Retirement

3 Indicators Your Financial Planning Needs a Course Correction

June 05, 2024 • David C. Treece • Episode 116

It's easy when we face something we’re not familiar with to shy away from it or move on to a topic we’re more comfortable with. Recently I saw on social media a way to understand our national debt better. This was written on May 20th:

· “A million seconds ago was May 8th.

· A billion seconds ago was 1993.

· A trillion seconds ago was 30,000 B.C.

· The US national debt is now rising by $1 Trillion every 100 days.”

The Guardian recently published a Harris poll. According to the government we’re not in a recession and yet 56% of people polled believe we are currently in a recession, and 72% believe inflation is going. What I think this indicates is the growing disparity between those doing okay and those economically suffering. After all, nearly 40% of Americans don’t participate in the growth of the stock market by owning equities.

According to government stats inflation is going down and we’re not in a recession. At the start of this week the S&P 500 is 11.85% this year. It’s easy even if we are doing okay financially to not feel good about the economy. We’re reaping the consequences of over 20 years of government ineptitude such as not having a balanced budget since 2001.

The author of the post linked to a 60 Minutes interview with Federal Reserve Chairman Jerome Powell. He’s the guy who leads the board that sets interest rates amongst other duties. In the interview Powell said, “The U.S. is on an unsustainable fiscal path. The U.S. federal government is on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. We’re effectively borrowing from our future generations. It’s time for us to get back to putting a priority on fiscal sustainability. And sooner is better than later.”

Investment advisory services offered through CreativeOne Wealth, LLC. Clients Excel, LLC and CreativeOne Wealth are not affiliated companies. Licensed Insurance Professionals. Investing involves risk, including potential loss of principal. Any references to protection or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. Annuity withdrawals are subject to ordinary income taxes and potentially a 10% IRS penalty before age 59-1/2. Roth distributions are tax free after age 59-1/2 and the account has been open for at least 5 years. This video is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program.