Coast FIRE Movement, Changes to Real Estate Commissions & Is Gold a Good Investment?
Episode description
Welcome to the @plannedsolutions Incorporated Podcast. In this episode, we discuss the Financial Independence Retire Early (FIRE) movement was popular several years ago, but many adherents found it to be too difficult to achieve or that it came with downsides that were not worth the effort in the long run. Now a new version of the FIRE movement, called Coast FIRE, is gaining attention as it better balances needs today with the desire for increased financial freedom in the future and maybe attainable for more people.
Also, A recent court ruling may make buying or selling real estate a bit more complicated. The courts ruled that the old structure in which the seller paid both the buyer’s and seller’s agent's commission created potential conflicts of interest and constituted monopolistic behavior. Now buyers will be required to negotiate the compensation with their agents rather than depending on the seller to pay the agents’ commission.
As well, Gold has become a popular investment recently due to the perceived economic and political risk that many people feel. However, there are several downsides to owning gold, including the lack of cash flow or liquidity, the higher income tax rate, and the risk of theft. In addition, gold has historically offered lower returns and higher price volatility than other investment vehicles such as stocks.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board -
Daryl recently volunteered at Sac State providing coaching and guidance to their Financial Wellness Peer Financial Coaches. The Financial Wellness Program at Sac State is a program created to promote and assist students with money management.
The income tax return deadline for those who filed for an automatic six-month extension is October 15th this year. Therefore, anyone who has not yet filed their income taxes should start working on them very soon.
To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com
The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Intro 00:00
Coast FIRE Movement 01:20
Changes to Real Estate Commissions 10:32
Is Gold a Good Investment? 16:47
Bulletin Board 22:08
Planned Solutions, Inc. https://www.plannedsolutions.com/