143: 2024 Economic Forecast With Brad Everett

In this episode of "The Patti Brennan Show," host Patti Brennan continues her conversation with Johanna Kyrklund, Chief Investment Officer at Schroders, who shares her insights on the economy and the paradigm shift known as the 3D Reset. This is part 2 of a two-part series.  Kyrklund discusses the three key trends shaping the economic landscape: demographics, decarbonization – focused on climate change, and deglobalization. She explains how these factors are leading to a new investment regime characterized by a shift in the trade-off between growth and inflation. Kyrklund points out that interest rates are fundamental to how everything is priced in the financial world, which results in big implications on how investors will manage their money.  Patti and Johanna also discuss proper asset allocations between US and International investment tools based on the 3D Reset.

In this episode of "The Patti Brennan Show," host Patti Brennan interviews Johanna Kyrklund, Chief Investment Officer at Schroders, who shares her insights on the economy and the paradigm shift known as the 3D Reset. Kyrklund discusses the three key trends shaping the economic landscape: demographics, decarbonization, and deglobalization. She explains how these factors, accelerated by the COVID-19 pandemic, are leading to a new investment regime characterized by a shift in the trade-off between growth and inflation. Kyrklund emphasizes the importance of understanding the policy divergence among different economies and provides insights into the implications for various asset classes, including bonds. The conversation touches on the unique challenges and opportunities this significant structural shift presents, offering listeners valuable perspectives on navigating the evolving financial landscape.

In today’s episode, Patti welcomes Chief Investment Officer Brad Everett for a forward-looking Economic Outlook on 2024. Addressing the backdrop of a political campaign, ongoing wars, geopolitical risks, and high interest rates, their discussion provides insights into crucial financial considerations for listeners.

From references to 'Back to The Future' to reflections on the Phillies' 2023 season, Patti and Brad deliver an entertaining and educational conversation, highlighting the significance of individualized financial planning, time horizons, and rational decision-making. Tune in for valuable insights and a commonsense perspective on navigating the evolving economic landscape.

One of the most common areas of confusion investors have throughout their lives involves insurance.  How much coverage is enough?  And there are so many types of coverage – which is best for my needs and my situation?  There are so many issues to consider when reviewing various plans. In today’s episode, Patti defines the various coverages and explains the scenarios that determine which coverage is best. It is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question.  

Patti welcomes Tim King, Senior Vice President at John Hancock Investments, into the studio to discuss the intricacies of selling a business. Tim has a Certified Exit Planning Advisor designation, and he shares his expertise with Patti as they discuss the nuances of successfully putting your business up for sale and getting top dollar. There are actions that can derail a sale, and there are specific steps to take in advance of the decision to sell, which can set a business owner up for success. Whether you are a business owner looking to sell your business or looking to pass your company on to a family member, Patti and Tim break down the best ways to do so.

Patti welcomes Bernadette Hunter, the Director of Client Engagement for Key Financial, into the studio to discuss the top financial mistakes people make that can sabotage their retirement plans.  Patti also reveals the top habits that can help set people up for success in their retirement. It is never too early in a career to engage in those habits that, decades later, produce big results. Patti believes there are specific, actionable steps to take in three seasons of life that are critical to successful retirement planning. Listen today to find out what they are!

Today’s show is the second episode of a two-part series, where Patti invites John Nersesian of PIMCO Investment Management into the studio.  John is the head of Advisor Education at PIMCO, providing advanced wealth management and planning techniques, as well as investment consulting education to financial professionals.  In this episode, Patti and John discuss the record-breaking charitable giving statistics for 2022 in the United States and then take it a step further by offering several strategies that make charitable giving more impactful. These are intentional steps that have tax benefits as well as allowing the donor to be more intentional in their giving. This episode also educates the listener in a variety of advanced planning tools that could be of significant value if one is looking to add philanthropy into their estate planning.

Today’s show is part one of a two-part series, where Patti invites John Nersesian of PIMCO Investment Management into the studio. John is the head of Advisor Education at PIMCO, providing advanced wealth management and planning techniques, as well as investment consulting education to financial professionals. In this episode, Patti and John discuss the importance of year-end planning – how to implement various strategies and take specific opportunities that can help protect and grow your portfolio. They discuss the importance of taking those opportunities to implement fundamental strategies throughout the year – not just at year end. John also provides a helpful checklist available on our website to all listeners. 

This episode is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener’s frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question.  One of the most frequent questions we hear is should we combine our accounts now that we are married?  This question does not just apply to young couples, it also applies to second and third marriages – which can also complicate issues, particularly when young children are involved. There is not a set answer to this question because there are many considerations involved.  Patti sets out the pros and cons of each as she tackles this complicated topic.

Patti welcomes Kristopher Thompson, a Planning and Portfolio Consultant with Key Financial, Inc., to the studio to discuss one of the hottest topics in the news today – Artificial Intelligence. AI is revolutionizing almost every industry, from medical to software to financial services.  Machine learning is collecting massive amounts of data that have been gathered and stored for decades and using it to solve problems, create new medicines, and so much more!  AI is more than just ChatGPT – what does our future look like?  Will jobs be eliminated?  What should we be concerned about, and what are the implications of how we approach financial planning?  Tune in to hear their candid conversation and learn some key takeaways that may impact everyone’s future.