Economic Storms in 2022 – Part 1

Click the play button to hear the episode or skip around to certain topics!

What economic threats should we be preparing for in 2022? We’ll discuss inflation, taxes, and political turmoil today and how these storms could impact your plan.

What are some economic threats we should be on the lookout for in 2022? On today’s episode, we’ll discuss the first three of six possible economic storms coming in 2022. There’s a lot of outside stressors that can make us worry about our plan, but the best thing we can do is prepare.

Inflation is Rising 

You’ve probably noticed inflation rates. It recently touched 7%, which is the highest it’s been in 40 years. Some of it’s probably transitory. A lot of it is probably more permanent. We do have to be mindful; inflation is always a factor when working on your retirement plan.

Interest rates aren’t keeping up with inflation and this is a problem for many retirees. So, either interest rates are going to go up to match inflation or inflation is going to come down to match interest rates.

How Should We Prepare for Inflation? 

It’s always good to be prepared for inflation and even the possibility of deflation by spreading out your investments. Don’t react with fear and greed, don’t try to pick individual stocks, and don’t try to buy the next “hot big thing” like bitcoin. Always work on diversification.

Taxes in the Short Term and Long Term

You always have to be prepared for taxes. There’s a 30 trillion dollar deficit and there’s 40 trillion in retirement plans like IRAs, 401(k)s, and pensions. All of that money has never been taxed. That’s why we are such big fans of Roth IRAs and their tax benefits.

Political Turmoil 

On both an international and national level, political turmoil seems to be everywhere. We are on the cusp of another election season as well. There will probably be a lot of changes coming up to the table. What is the federal reserve going to be doing about interest rates? The greatest investment you can invest in this year is self-control.

You need to have an advisor that understands the possible threats to your retirement plan and can help you diversify and protect your assets. If you have any questions for Don reach out at (732) 784-2867 or


Listen to the full episode to learn more or skip around to certain topics.

[1:05] We are into 2022

[3:09] There is a lot to worry about

[6:09] – Inflation touches 7%

[10:04] – Prepare for inflation

[12:40] Taxes in the short term and long term

[17:03] State income taxes

[19:52] Stealth taxes

[23:22] Political turmoil

Share the Show, Share the Knowledge!



Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

Don't Stop Here...

Year End Planning: “In the Red Zone” (Part 2)

We’re back to wrap up this two-part episode on year-end planning for 2023. In this episode, we’ll chat about several topics including the looming expiration of the current tax code in 2026, the increasing national debt, and the potential rise in tax rates. Don will also share how those in need of long-term care can leverage their IRA assets to minimize taxes, talk about the often-overlooked 0% capital gains tax bracket, discuss the importance of proactive tax planning, and more.

Year End Planning: It’s Not Too Early (Part 1)

Join us for a two-part episode where we unpack our 2023 edition of key year-end planning strategies for those nearing or embracing their retirement years. With the holidays right around the corner, it is the perfect time of year for these conversations. Listen in as we cover a range of topics, from IRA and 401k contribution limits to Roth IRA conversions and charitable giving options.

Medicare Mistakes To Avoid During Open Enrollment Season

It’s Medicare open enrollment season, so in today’s episode, we’re going to dive into some of its complexities and share the common mistakes you want to avoid during this critical period. Listen in as Don and Marc discuss the differences between traditional Medicare, Medicare Supplements and Medicare Advantage plans, and stress the importance of understanding Medicare drug plans.


(732) 784-2867