What exactly is a "soft landing" in the economy? This episode, REDW National Tribal Practice Leader Wes Benally and Wealth Management Principal Paul Madrid are discussing economic outlook for Tribal Nations in 2024, covering potential economic slowdowns, inflation outlooks, fixed income investments, and more. 🎧 Tune in for expert insights on financial planning. 💸🫰

Takeaways

• A soft landing in the economy is a slowdown without a recession, and it is the current expectation for 2024.
• When considering financing for projects, it may be beneficial to wait for interest rates to potentially decrease or explore floating rate loans.
• Having excess cash on hand can be an opportunity to generate income through investments such as US government bonds.
• Diversifying equity investments within the US and non-US markets can help manage risk and capture potential upsides.
• Regularly reevaluating risk and asset allocation is important to ensure alignment with financial goals and minimize surprises.
• Election years can bring volatility to the market, so it is important to be prepared and consider diversification.
• Inflation is an important metric to consider when budgeting and making financial decisions.
• Regularly reviewing and adjusting financial strategies with the help of an advisor can help optimize financial outcomes for Tribal Nations.

Chapters

00:00 Introduction
01:48 Economic Slowdown and Soft Landing
06:18 Considerations for Financing Projects
08:31 Maximizing Cash on Hand
12:41 US Equities and Non-US Equities
16:59 Reevaluating Risk and Asset Allocation
20:36 Risks in an Election Year
25:29 Considerations for Inflation
26:51 Final Thoughts

© 2024 REDW Wealth LLC. This publication is intended for general informational purposes only and should not be construed as investment, financial, tax, or legal advice. Information and instruction shared in the article above do not guarantee outcomes, performance, or quality of services provided to REDW Wealth Management clients by REDW Wealth Management or its employees. Adherence to our fiduciary duty is not a guarantee of client satisfaction or any particular outcome. Advisory, Assurance, and Tax is offered through REDW LLC. Wealth Management is offered through REDW Wealth LLC.

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REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!