Ross Mayfield joins to talk 2026. 

123 Pod with TJ Kavanagh and Charles Fry.

1. Personal Finance Topic - What happens when you have to start taking money out of a 401k.

2. Markets - are we seeing a rotation?

3. 2026 Outlooks 

RMD Article 

https://www.bairdwealth.com/insights/wealth-management-perspectives/2021/09/make-the-most-of-your-rmds/ 

WSJ - Article 

https://www.wsj.com/lifestyle/careers/401-k-s-mint-moderate-millionaires-f662d75a?gaa_at=eafs&gaa_n=AWEtsqcTZ-mxS454icIAJS87UhKwPSxxiCm81foXwVPpiia_M59RA4jgei87Y6CwzQE%3D&gaa_ts=69444cc4&gaa_sig=Amle1EL-2l-fas-9nnhddBGNyIvoPofqzn1E-uXpzOHyQDwb0qf7aQVT_g1lkzqiNXdYDjj4kHW9DD-qyyjOZQ%3D%3D Duration: 00:14:58

Tj and Charles dig into Roths, the current market and investing at all time highs. 

Over the last few weeks we have been getting questions on the new bill. Go through 6 areas we are focusing on. 

 Donor Advised Funds.pdf

https://www.youtube.com/watch?v=7HwDaM-wsHk

Charles and TJ dig into

The % benefits of having a financial plan.

What keeps us motivated in the market.

Investing at all time highs. 

1-2-3 Podcast

Tj and Charles have Ross Mayfield in the room chatting about.

On this episode, TJ and Charles tackle the age-old question for wealth management: when's the right time to deploy that sidelined cash? 

On the market side they also break down the January barometer—because, sure, let's predict the market based on one month of vibes—and what it could mean for the rest of the year.

To wrap it up on the lighter side, they dig into Jerry Jones's unexpected cameo on Landman, where he waxes poetic about family, business, and, life. Markets, metrics, and a little bit of melodrama—it's all here

Tj and Charles dig into 3 topics.

TJ and Charles dig into 

Personal Finance: What happens with Decedent IRAs 

Mkts: ASU study that looked at 29,000 stocks over 100 years.

Interesting: Why getting that first $100,000 is important and ways to structure. 

Charles digs into staying the course during market volatility. 

TJ talks about market drawdowns and how millennials are actually ok. 

Charles and TJ dig into

TJ and Charles dig into

Why you should set up a budget.

Investing at all time highs.

Rodger Federer commencement speech. 

https://awealthofcommonsense.com/2024/06/roger-federer-vs-the-stock-market/

Dig into

The guys dig into

Digging into 

What American's think they need to retire

https://www.wsj.com/personal-finance/retirement/retirement-savings-needed-increased-2024-9f7c01e0

Seasonality of the market

What Charles  looks for in Trends and Charts

Tj and Charles have been on the road and dive into 3 main areas.

How High-Yield CDs Turn Into 0.05% CDs While You're Not Looking

https://www.wsj.com/personal-finance/high-yield-certificate-deposit-lower-rates-f926545d

Tj and Charles dig into Roth accounts, views on the market and historical returns, and the media backlash vs 401ks.

https://rwbaird.sharepoint.com/sites/BairdWeb-PWM-RetirementPlanning/Documents/Forms/AllItems.aspx?id=%2Fsites%2FBairdWeb%2DPWM%2DRetirementPlanning%2FDocuments%2FRoth%20IRAs%2FRoth%20IRA%20Overview%20%2D%202024%2Epdf&parent=%2Fsites%2FBairdWeb%2DPWM%2DRetirementPlanning%2FDocuments%2FRoth%20IRAs

https://www.wsj.com/finance/investing/is-your-401-k-destroying-capitalism-87ccb9ce

Make the Most of Your Required Minimum Distributions - https://www.bairdwealth.com/insights/wealth-management-perspectives/2021/09/make-the-most-of-your-rmds/  Thoughts on the market It's not too late to start. The story of a Texas Oil Driller who started in his 40's https://www.linkedin.com/feed/update/urn:li:activity:7163586908390944769/

TJ and Charles dive into

1. Basics of Estate Planning - 

https://www.bairdwealth.com/insights/wealth-management-perspectives/2022/08/the-basic-elements-of-estate-planning/

2. Investing in the market at all time highs

3. What the movie "dumb money" taught us about Roaring Kitty and getting people excited about investing. 

https://awealthofcommonsense.com/2024/01/what-comes-after-a-good-year-in-the-stock-market/

The wrap up episode to 2023

Best article - Trouble Ahead For The U.S. Unless We Reduce Healthcare Costs

https://www.linkedin.com/pulse/trouble-ahead-us-unless-we-reduce-healthcare-costs-bryan-r-lawrence-f3qfe%3FtrackingId=qgAbjH%252B8GqLgwY8eaYXBFA%253D%253D/?trackingId=qgAbjH%2B8GqLgwY8eaYXBFA%3D%3D

The pod digs into

https://www.wsj.com/personal-finance/theres-a-reason-a-killer-money-saving-appstill-doesntexist-24558f8c

Epi 21

Tax Loss Harvesting ideas 

Digging into the recent market moves

WSJ Article on the state estate and inheritance tax that is catching people by surprise!

https://www.wsj.com/personal-finance/the-estate-taxes-catching-americans-by-surprise-488e08a9

Personal: Tj dives into stats around what people who are actually retired wished they would have done + digs into the Kav Rule (2x your age outside a year).

Mkt: Charles digs into market sell offs.

Interesting: Looking at a report that highlights the cost of healthcare in the US and how we can potentially slow the increases. 

https://www.linkedin.com/pulse/trouble-ahead-us-unless-we-reduce-healthcare-costs-bryan-r-lawrence-f3qfe%3FtrackingId=HqV8w3g9STO3kwXOHrBxHg%253D%253D/?trackingId=HqV8w3g9STO3kwXOHrBxHg%3D%3D

What a week.

Charles talks direct indexing.

TJ looks at market sells off greater than 1%.

Millennials finally get some good press around retirement savings.

https://www.wsj.com/personal-finance/retirement/millennials-on-better-track-for-retirement-than-boomers-and-gen-x-1aebf00

Disclosure - Past performance is not indicative of future results, and it is not possible to invest directly in an index. All investments carry a level of risk, including loss of principal. Direct indexing will result in performance that deviates from the index and may not be appropriate for all...

Episode 18

Show Notes

Personal Finance: TJ and Charles dig into the WSJ article on Personal Finance dates and getting everyone on the same page.

Markets: Charles and TJ discuss the pros and cons of target date funds.

Interesting: A takeaway from a Joe Rogan story after spending 10 days in an Alaskan rainstorm.

 https://www.wsj.com/personal-finance/when-date-night-gets-between-the-spreadsheets-22902d67?mod=personal-finance_lead_pos1

Tj and Charles dig into a number of topics. 

The Janitor Who Became A Multi-Millionaire by Retirement"

Tax Diversification in setting up your investments for long range planning State of the Consumer  $70 tn Wealth Transfer

https://awealthofcommonsense.com/2023/08/the-70-trillion-wealth-transfer/#:~:text=It's%20morbid%20to%20think%20about,%2412%20trillion%20going%20to%20charity).

Episode 15

We have the receipts (for HSA), house fire story, what type of rally is this?, the changing landscape of home finances.

Charles and TJ dig into several topics

1.   Personal Finance: Important reminders about limits and characteristics.

2.   Markets: What type of rally do we have here.

3.   Interesting: whose name goes first when filing the taxes.

Episode 13 

TJ digs into historical returns for equities, bonds and cash.

Charles breaks down some demographic and other trends that are shaping how he thinks about interest rates.

Interesting topic is how much people think they need for retirement.

Links

Timing interest rates: https://awealthofcommonsense.com/2023/03/market-  timing-interest-rates/

Survey - https://www.im.natixis.com/us/resources/2023-individual-investor-survey-full-report

Yougov survey - Rumble in the jungle: what animals would win in a fight? | YouGov

Episode 12: Charles digs into Life Insurance. TJ and Charles talk about the different mindsets of coastal investors vs those in the middle of the country and how those affect investing ideas. The team ends with a discussion on the difference between being wealth and being rich.

Personal Finance  - TJ digs into how to think about social security as more than just an income stream. 

Markets: Charles looks at the markets post debt ceiling and how they tend to work after the first 100 trading days.

Interesting: The story of when Bryan Lawrence asked Warren Buffet " "How do we get to be like you but faster....the average stock goes up and down by 80% in a year. And that's an enormous advantage if you actually take the time to understand the underlying business because the stock price is not reflecting underlying value if...

Personal Finance: Charles digs into what he is thinking about cash here.

Markets: Tj digs into top 10 stocks in the S&P.

Interesting: The story from Nick Sleep on understanding value and buying a Ferrari GTO in 1960s for 750…worth ~$52mn today.

Links:

In the Markets Now: Stock Market Concentration (5/2023)

This week Charles Fry and TJ Kavanagh dig into 3 topics.

Bill Ackman was recently on 20 minute VC and discussed an idea about how to help fix inequality in the US. Bill's plan included giving every baby born in the US a certain amount of money that they couldn't touch for 65 years but would be invested. Charles spends some time digging into home bias and why he what is standing out to him in the international space. TJ digs into the increasing draw downs in the stock market over the last few years.

Links: Duration: 00:13:05

Episode 8 - TJ and Charles talk about an idea to fund a roth with proceeds from a 529 account, look at all the bearish indicators in the market (e-mini short, stocks vs bonds and ideas of SPX predications for year end) and end with some thoughts on the "having a health relationship with money" article. 

Links:

https://wggtb.substack.com/p/having-a-healthy-relationship-with 

Epi 7 - Tj and Charles discuss VATs, the silent crisis that is Retirment in the US and pros and cons of a financial shock. 

Show Notes

0:01:06: VAT

0:06:44: "silent crisis" when it comes to retirement 

0:09:00: pros and cons of financial shock

Link 

Ross' note - In the Markets Now: Pros and Cons of a Bank Crisis (3/2023, Client-Approved)

Episode 6: TJ and Charles talk about Warren Buffet's latest annual report, the changing leadership that happens throughout the decade in the stock market and how Josh Waitzkin trained his son to not let external forces like rain effect his mood which seems like a good analogy for stock market and what happens when you try to time the market.

Show Notes

00:00:15: Warren Buffet digs into stock vs bond holdings over a 30 year period in his 2022 annual report. Section titled "Secret Sauce"

00:02:58: Leadership changes in the market over cyc...

My guest today on the 123 Series is Ross Mayfield, Investment Strategy Analyst at Baird.

Ross and I dig into

1.        Gifting

2.        Earnings Season and stocks bottoming

3.        GDP negative years and returns on stock market

This week Charles and TJ discuss

1. the new secure act and an idea for 529s.

2. Dig into the classic youtube clip "Bert the Broker" and takes on recessions vs bear markets.

3. The end of negative yielding debt... for now

Last episode of 2022.

1. Items to think about when your dependent turns 18.

2. What is an inverted yield curve

3. What Warren Buffet learned at the race tracks

Tj and Charles dig into tax loss harvesting at year end, inflation vs expectations and the curse of stadium naming. 

TJ Kavanagh and Charles Fry dive into...

1) HSA Accounts

2) Interest Rate Environment 

3) What happened the last 2 times the Phillies won the World Series.

Today, my guest is Jason Spitz, from Baird's Business Owner Solutions team.

Our conversation focuses on how clients work with Jason and the team.

(00:20 – 02:20) What is the Business Owner Solutions team?

(02:30-03:47) Exit options that exist for business owners?

(03:50-05:35) What working with the Business Owner Solutions Team looks like.

Today, my guest in Kara Endres, a Financial Planner at Baird who focuses on Social Security. 

Our conversation centers are Social Security and common questions.

Show Notes.

[00:00:30] - Working during retirement

[00:02:40] - Why people shouldn't rush to claim

[00:04:00] - Spousal benefits

[00:6:00] - How married couples should look at Social Security

[00:07:30] - Ways that a dependent under 18 can receive Social Security benefits. 

Today, my guest is Jeannette Haen, Education Planning Consultant at Baird.

Our conversation centers around 529 plans and common questions. 

Show Notes

[00:00:30] - [First question] - Gifting ideas for 529 plans.

[00:02:40] - What happens if someone doesn't use a 529 plan?

[00:05:52] - Out of state 529 plans.

Chris Dolan, Senior Financial Planner from Baird, on to discuss some Charitable Giving ideas.

During our conversation, we dive into

My guest today is Ross Mayfield Investment Strategy Analyst at RW Baird. 

During our conversation, we dive into...