How Past Market Meltdowns Are Influencing You Right Now

Power Your Retirement

#Trading #Careers #Business #Steve Smit #Utility Workers #Utility #401k #Power #Electric #Gas #CFP® #Retirement #Financial Advisors

51:57

On the Season 2 debut of Lost Cultures: Living Legacies , we travel to Bermuda, an Atlantic island whose history spans centuries and continents. Once uninhabited, Bermuda became a vital stop in transatlantic trade, a maritime stronghold, and a cultural crossroads shaped by African, European, Caribbean, and Native American influences. Guests Dr. Kristy Warren and Dr. Edward Harris trace its transformation from an uninhabited island to a strategic outpost shaped by shipwrecks, colonization, the transatlantic slave trade, and the rise and fall of empires. Plus, former Director of Tourism Gary Phillips shares the story of the Gombey tradition, a vibrant performance art rooted in resistance, migration, and cultural fusion. Together, they reveal how Bermuda’s layered past continues to shape its people, culture, and identity today. You can also find us online at ⁠travelandleisure.com/lostcultures Learn more about your ad choices. Visit podcastchoices.com/adchoices…

about a year ago 25:29

MP3•Episode home

Send us a text

It’s been a volatile month. And if you’re feeling the pressure, you’re not alone. But how we respond in moments like this often has roots in the crashes we’ve lived through before. In this episode, we look at how past market meltdowns shaped investor psychology, how today’s chaos might be leaving its own mark, and what lessons we can take with us to navigate what’s next.

Here’s some of what we discuss in this episode:

📉 What past crashes taught us about fear and overconfidence

🧠 Why investor behavior often matters more than the market itself

📊 Lessons from the Great Depression, 1987, dot-com bubble, and more

💥 The long shadow of 2008 and how it still shapes mindset

📺 How today's “headline risk” is fueling modern market anxiety

Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html

Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: info@powerhousefa.com

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

31 episodes

How Past Market Meltdowns Are Influencing You Right Now

Power Your Retirement

published about a year ago

MP3•Episode home

Send us a text

Here’s some of what we discuss in this episode:

📉 What past crashes taught us about fear and overconfidence

🧠 Why investor behavior often matters more than the market itself

📊 Lessons from the Great Depression, 1987, dot-com bubble, and more

💥 The long shadow of 2008 and how it still shapes mindset

📺 How today's “headline risk” is fueling modern market anxiety

Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html

Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

Other ways to get in touch:

Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
Email: info@powerhousefa.com

LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors

31 episodes

#Trading #Careers #Business #Steve Smit #Utility Workers #Utility #401k #Power #Electric #Gas #CFP® #Retirement #Financial Advisors

All episodes

Power Your Retirement

1
Is 2025 A Bad Time To Retire? 17:12

2 days ago17:12

17:12

Send us a text Plenty of people have concerns about stock market volatility, a potential recession on the horizon, and fears for the economy amidst federal layoffs and tariffs. What if you’ve had 2025 marked on the calendar for a while as the year you plan to retire? Is this a bad time to do it? In this episode, Steve breaks down what retirees and near-retirees should actually be focused on in times like these. Here’s some of what we discuss in this episode: 📉 Why panic is your worst enemy during volatility 🛑 How to reevaluate your risk tolerance before retiring 🕰 Why long-term planning still matters, even at age 65 💡How downturns could actually be an opportunity Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Cash Balance Pension vs. Traditional Pension Explained 18:23

9 days ago18:23

18:23

Send us a text If you’ve been in your utility job for years and still don’t understand how your pension works, you’re not alone. In this episode, Steve takes a listener question from Lisa. She’s been working for 15 years and asked a commonly misunderstood question: What’s the difference between a cash balance pension and a traditional pension? Tune in as Steve breaks down the key differences and why it matters! Here’s some of what we discuss in this episode: 📊 Traditional vs. cash balance pensions- what’s the difference? 💰 How a cash balance pension grows with guaranteed employer contributions and interest 🧠 Why your pension type should guide your 401k investment decisions 🛠️ Aligning your pension + 401k strategy Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Am I On Track For Retirement? 15:10

16 days ago15:10

15:10

Send us a text Wondering if you're actually on track for retirement? That’s the question Alex, a utility worker with 22 years of service, asked, and it sparked this helpful breakdown. Whether you’re early in your career or closing in on retirement, knowing where you stand is key to your financial future. The truth is, it’s not just about your 401k balance, it’s about how everything works together. Here’s some of what we discuss in this episode: 🧮 What a retirement readiness score measures 💼 The value of a cash balance pension 📉 Hidden pitfalls of target date funds for utility employees 🧠 Why guessing your future income needs won’t cut it Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Inside the Advisor’s Office: Top Concerns Among Financial Planning Clients 17:35

23 days ago17:35

17:35

Send us a text Ever wonder what other people talk about with their financial advisors? A new survey of nearly 400 experienced advisors reveals the biggest concerns, challenges, and financial goals their clients are facing today. From retirement planning and healthcare costs to working longer than expected, we’re breaking down the key takeaways and how they compare to what we see in our own client conversations. Here’s some of what we discuss in this episode: 📊 Survey insights from 400+ advisors 💸 Outliving assets vs. chasing “your number” 🏥 Why healthcare is both overestimated and underestimated 🧓 Most people don’t work past 65 (even if they plan to) 👨‍👩‍👧 Supporting adult children: a hidden retirement risk Fortune Magazine Article: https://www.fa-mag.com/news/retirement-planning-survey-2024-80450.html Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
What Do Proposed Tariffs Mean For Your Portfolio? 13:03

30 days ago13:03

13:03

Send us a text The day President Trump took office, he announced plans to implement a 25 percent tariff on goods from Mexico and Canada. Additional tariff conversations have exploded since that day. How might this impact your personal finances and the economy? In this episode, we’ll take a closer look at the backstory of tariffs – what they are, why governments impose them, and the historical context of them. Here’s some of what we discuss in this episode: 🧠 What a tariff actually is 🛒 How tariffs impact consumer prices 🏛 Why tariffs are not a "new" thing historically 💬 How global trade negotiations affect your portfolio 🛡 Smart steps retirement savers should take now ⏳ Why patience is still the best investment strategy Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Understanding Managed Portfolios: Should You Consider Them? 18:47

5 weeks ago18:47

18:47

Send us a text Welcome to part 5 of our 7-part series, where we’re diving into the 7 principles of Powerhouse Financial Advisors! Imagine this: your retirement portfolio is growing steadily, adjusting to market shifts, all without you lifting a finger. Sound too good to be true? Welcome to the world of managed portfolios. In this episode, Steve peels back the curtain on what “hands-off” investing really looks like, and how it can bring structure, strategy, and calm to your retirement planning. If you're tired of guessing, rebalancing, or reacting to every market dip, this conversation explains how a professionally managed portfolio works, what makes it different from a basic index fund, and how active strategies can provide a smoother, more personalized investment experience. Steve also breaks down the emotional value of reducing volatility and why thoughtful management helps investors stay the course. Here’s some of what we discuss in this episode: 📈 What a managed portfolio actually is 🧠 Active vs. passive management: pros and cons 🔁 The power of regular rebalancing 🧘‍♂️ How to reduce emotional investing decisions 🛠️ Who should consider a hands-off approach Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
How Past Market Meltdowns Are Influencing You Right Now 25:29

6 weeks ago25:29

25:29

Send us a text It’s been a volatile month. And if you’re feeling the pressure, you’re not alone. But how we respond in moments like this often has roots in the crashes we’ve lived through before. In this episode, we look at how past market meltdowns shaped investor psychology, how today’s chaos might be leaving its own mark, and what lessons we can take with us to navigate what’s next. Here’s some of what we discuss in this episode: 📉 What past crashes taught us about fear and overconfidence 🧠 Why investor behavior often matters more than the market itself 📊 Lessons from the Great Depression, 1987, dot-com bubble, and more 💥 The long shadow of 2008 and how it still shapes mindset 📺 How today's “headline risk” is fueling modern market anxiety Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
4 Questions to Ask Yourself During a Market Drop 16:19

7 weeks ago16:19

16:19

Send us a text The headlines are loud, the markets are messy, and your gut might be telling you to do something - anything- right now. But what should you actually do when your portfolio takes a hit? Whether you’re feeling calm or full-on panicked, this conversation offers four practical questions to help you check in with your plan, reassess your risk, and avoid emotional mistakes. Here’s some of what we discuss in this episode: 📊 How to gut-check your financial plan ⚖️ Aligning portfolio risk with real-life reactions 🛠 Smart strategies: rebalancing & tax-loss harvesting 📉 Common behaviors to avoid during downturns 💡 Why your plan should already expect volatility Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Key 2025 Tax Breaks & Adjustment Opportunities 17:23

8 weeks ago17:23

17:23

Send us a text Tax season is here, but filing your 2024 return is just one piece of the puzzle. Now is also the perfect time to take advantage of new tax rules for 2025- before the year gets away from you With higher standard deductions, increased retirement contribution limits, and updated HSA rules, there are plenty of opportunities to lower your tax bill and boost your savings. Tune in as we break down the key changes and how you can start planning now to make the most of them. Here’s some of what we discuss in this episode: 0:00 – Intro 2:35 – Tax changes for 2025 5:35 – Invest more in your 401k 10:07 – IRA contribution limits 10:36 – HSA contribution limits 12:43 – The biggest needle mover Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Beliefs That Fool Retirement Savers The Most 18:38

9 weeks ago18:38

18:38

Send us a text April Fool’s Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today, we’re uncovering the beliefs that fool retirees and pre-retirees into making bad financial moves. We’ll cover some of the most common myths that can derail your retirement plans and explain why they might not be as true as they seem. Here’s some of what we discuss in this episode: 0:00 – Intro 3:05 – Claiming Social Security ASAP 5:11 – Getting fooled into underestimating taxes 7:00 – Medicare misunderstandings 9:22 – Set it and forget it retirement plans 12:54 – The 4% rule Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
March Madness and Stocks: The Risky Game of Picking Winners 19:53

10 weeks ago19:53

19:53

Send us a text March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted. Many investors can’t resist chasing big wins, even though diversification is a smarter play. One economist, Hendrik Bessembinder, analyzed the returns of nearly a century of stock performance. Let’s compare what he found to March Madness history and uncover what March Madness can teach us about investing! Here’s some of what we discuss in this episode: 0:00 – Intro 4:19 – A perfect bracket has never happened 6:19 – The odds of sustainable success are slim 11:45 – The most familiar choice doesn’t mean victory 13:19 – Financial lessons and takeaways Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Choosing the Right Investments for Your Goals 17:02

11 weeks ago17:02

17:02

Send us a text Welcome to part 4 of our 7-part series, where we’re diving into the 7 principles of Powerhouse Financial Advisors! In today’s episode, we’re diving into what it really means to choose the right investments for your goals. We’re going beyond the basics of ‘target-date funds’ and talking about how to customize your portfolio for your unique situation. Tune in as Steve walks through the potential downsides of relying on default investment options, and why aligning your portfolio with your specific financial situation and risk tolerance can make all the difference in reaching the retirement you’ve dreamed about. Ready to put your money where your goals are? Let’s get started! Here’s some of what we discuss in this episode: 0:00 – Intro 1:58 – Why many default to target-date funds 3:20 – Downsides of target-date funds 6:12 – Aligning investments with your goals 11:01 – A first step to evaluate your investments Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
The Value of Professional Financial Guidance 16:59

12 weeks ago16:59

16:59

Send us a text Welcome to part 3 of our 7-part series, where we’re diving into the 7 principles of Powerhouse Financial Advisors! In today’s episode, we’re talking about the value of professional guidance and how having a trusted advisor can help you see the full picture, manage emotions, and avoid costly mistakes in your financial life. Steve shares real-world examples of how fear-driven decisions- like pulling money out of the market at the wrong time- can derail retirement plans, and how a professional can provide the education and steady perspective needed to stay on track. Here’s some of what we discuss in this episode: 0:00 – Intro 1:25 – Challenges of DIY retirement planning 3:32 – Emotional impact on investment decisions 4:34 – The benefits of professional financial guidance 8:04 – Customization and personalization in financial planning 9:48 – Finding the right financial advisor 12:24 – Why Steve chose this area of specialization Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Managing Risk in Your Retirement Journey 16:39

13 weeks ago16:39

16:39

Send us a text Welcome to part 2 of our 7-part series, where we’re diving into the 7 principles of Powerhouse Financial Advisors! Today’s episode is all about the importance of balancing risk, especially as retirement approaches. Steve and Walter discuss how different risks can impact retirement savings and why a risk management strategy can make a difference in building a resilient plan. Here’s some of what we discuss in this episode: 0:00 – Intro 0:58 – Misconceptions about risk 3:16 – Managing risk approaching retirement 4:26 – Loss of purchasing power 6:52 – Life insurance 8:16 – Disability insurance 9:33 – Long-term care planning 12:21 – Byline indicator 13:53 – The importance of professional guidance Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12 Other ways to get in touch: Phone: (775) 266-8867 Our website: https://powerhousefinancialadvisors.com/ Email: info@powerhousefa.com LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/ Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors…

Power Your Retirement

1
Building a Strong Foundation for Retirement 12:08

14 weeks ago12:08