The impact that inflation is having on consumer costs can’t be overstated, and it is affecting the daily lives of Americans everywhere.  In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, explores the intricacies of the current economic landscape, providing valuable insights on navigating investment strategies amidst rising inflation and market uncertainties. He discusses the importance of diversification, analyzes the performance of stocks, bonds, and cash, and introduces the concept of a "core-satellite portfolio" for optimizing risk and opportunity in today's dynamic market environment. Today’s show highlights include: *Why the economy in early 2024 was focused on inflation, influenced by rising costs such as auto insurance and repairs. *The current trend of rising prices leading to automation, as seen with McDonald's introducing fully automated restaurants to combat labor costs. *Why bonds were expected to perform well due to lower interest rates, but how the Federal Reserve's delay ended up impacting returns negatively. *A breakdown of the "core-satellite portfolio" strategy. If you enjoyed today’s episode, be sure to comment and share it with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Costco sold out of gold quickly after offering it for sale at $1,900, surprising many with the demand for this traditionally valuable asset. In this week's episode of Retire in Texas, Darryl Lyons delves into the unexpected surge of interest in gold sparked by Costco's foray into selling the precious metal, while also exploring the contentious debate surrounding the potential introduction of a government-backed digital dollar. Show highlights include: *A breakdown of gold's recent surge in value and why it is attributed to inflation hedging and fear in the market, with concerns about potential shifts in the US economic and political systems. * Why advocates for the digital dollar argue it would reduce fees, facilitate faster disaster relief, eliminate the need for physical cash, provide access to currency for the unbanked, and align with global trends. *The doubts that many have about the government passing fee savings to consumers, concerns over quick fund access leading to quick withdrawals, and skepticism towards the necessity of eliminating cash entirely, *Concerns about the potential negative impact of a digital dollar on the monetary system. If you enjoyed today’s episode, be sure to leave a comment and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Grocery prices have increased by 25% over the past four years, impacting families everywhere who are facing significant challenges in managing their monthly expenses In this week’s episode of Retire in Texas, Darryl Lyons dives deep into the complexities of inflation and its profound impact on households today. Gain valuable insights and practical strategies to navigate rising costs and safeguard your financial future in an evolving economic landscape. Show highlights include: *A discussion of the real impact of inflation on everyday life. *A breakdown of inflation from past causes to present effects and future considerations. *An explanation of government metrics like CPI (Consumer Price Index) and PCE (Personal Consumption Expenditures) used to measure inflation and why food and energy are sometimes excluded from these indices. *Advice tailored to various groups affected by inflation, including those on fixed incomes, individuals with some financial flexibility, and retirees. *Why owning stocks can be a strategy to mitigate inflation's impact, as companies can adjust prices to maintain profit margins. If you enjoyed today’s episode, leave a comment and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Saving money doesn’t have to be difficult. If you find yourself in need of tips and tricks for budgeting and growing your personal savings, in an easy and cost-effective way, then we’ve got the perfect episode for you! In this episode of Retire in Texas, Darry Lyons explores the practical realm of personal finance, stepping away from market-centric discussions to focus on tangible strategies that can be incorporated into everyday life. Show highlights include:  *Darryl Lyons’ recount of the personal financial struggles he faced living beyond his means, accumulating debt, and relying on credit cards. *A breakdown of the Envelope System, and how it aided him and his family with personal budgeting, including debt reduction and disciplined spending * A description of the budgeting system, Monarch Money, and its features, including user interface, pricing, and functionality *The importance of monitoring one’s net worth as a standard part of the financial process to ensure comprehensive oversight. * An explanation of how the integration of other budgeting apps, such as Plaid, can simplify the process of gathering financial data seamlessly across accounts. If you enjoyed today’s episode and know someone who would benefit from this information, be sure to leave a comment and hit share! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Despite record highs in major stock market indices and decreasing unemployment rates, many Americans express dissatisfaction and unhappiness, suggesting a disconnect between economic indicators and societal well-being. In this week’s episode of Retire in Texas, Darryl Lyons breaks down the crucial topic of financial planning amid the backdrop of societal discontent and economic prosperity. He navigates the complexities of navigating personal finances in a world where perceptions often diverge from economic realities. Show highlights include: *Why, despite economic prosperity, many Americans express dissatisfaction and unhappiness, similar to sentiments observed during deep recessions.  *A breakdown of the data indicating that both the stock market and the economy are performing well. *A look into a recent University of Michigan consumer sentiment survey that indicated that people feel as though they are in a deep recession despite economic indicators suggesting otherwise *Why many individuals feel they are not receiving a fair shake, whether in their occupations or in broader societal structures.  If you enjoyed today’s episode, leave a comment and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Ronald Reagan said it best, trust but verify. In this week’s special edition of Retire in Texas, Darryl Lyons dives into the world of financial crime, breaking down the story of Tim Duncan's unfortunate encounter with deceit and manipulation in the realm of wealth management. Through a detailed recounting of Duncan's experience, Lyons sheds light on the tactics employed by fraudsters like Charles Banks IIII, emphasizing the importance of vigilance and due diligence in safeguarding one's financial well-being. Show highlights include: *The story of Tim Duncan, an NBA Hall of Famer, and how he was a victim of financial crime orchestrated by Charles Banks IV, whom he befriended early in life. *Why vigilance is crucial, and how seeking assistance from trusted advisors like PAX Financial Group can provide added security against financial fraud. *An explanation of the three attributes of trust: empathy, transparency, and consistency. *The importance of skepticism in financial relationships, along with the necessity of verifying investment legitimacy. If you enjoyed today’s special edition episode of Retire in Texas, leave a comment and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

For those looking to optimize their long-term wealth preservation and succession planning, strategic Roth conversions may be the answer you are searching for. In this week’s episode of Retire in Texas, Darryl Lyons is joined by PAX’s very own advisor, Roger Stukkie. Together, the duo provides valuable insights into Roth conversions, expanding on the potential benefits, risks, and strategic considerations, while also expressing the importance of seeking individualized financial advice. Show highlights include: *A discussion of the concept of Roth conversions and how they differ from traditional IRAs in terms of taxation. *The potential benefits and risks associated with Roth conversions. *A breakdown of a case study illustrating the strategic planning involved in Roth conversions. *An explanation of why Roth conversions may not be suitable for everyone. If you enjoyed today’s episode, leave a comment, and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

If you're someone who's hesitant to invest due to fear of market volatility and often find yourself hoarding your money under your mattress, then this episode is tailor-made for you. In this week’s episode of Retire in Texas, Darryl Lyons delves into the world of structured products, offering a comprehensive overview of their potential benefits and considerations for investors seeking a middle ground between traditional investments and safer options. Show highlights include: *Why many investors are apprehensive with the current state of the market, and why structured products may be the ideal solution for those who feel this way. *A breakdown of what a structured product is, and how it can be a useful alternative investment tool if utilized correctly.  *An outline of five key points about structured products, including their construction by banks or institutions, their returns based on the performance of underlying assets, and their varied terms and features. *The importance of understanding the risks and fees associated with structured products, including the potential for limited liquidity, varying costs, and the importance of working with reputable financial institutions. If you enjoyed today’s episode, leave a comment and share the show with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Finding the delicate balance between passive oversight and active involvement in personal financial management is a crucial challenge that everyone has to learn to overcome. In today's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, discusses the importance of finding the perfect mix of being "lazy" with being proactive in financial planning. Today’s show highlights include: *Why we see many individuals struggle with the overwhelming options and complexity of personal financial planning. *The concept of behavioral traps, which some investors fall into such as inertia, overtrading, or overconfidence, can then lead to poor financial performance. *Simplifying personal finance by being "lazy" (not obsessing over every investment trend) as beneficial for many individuals. However, this doesn't mean disengaging entirely from financial planning. *Why regular checkups with a financial advisor are crucial for adapting to changes in taxes, life circumstances, product offerings, and market conditions. If you enjoyed today’s episode, make sure to comment and share it with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

With the 2024 presidential election right around the corner, the significance of focusing on what one can control amid external uncertainties can’t be stressed enough. In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, shares insights on navigating financial decisions and life goals through a series of thought-provoking questions. He explores the importance of questioning, drawing inspiration from biblical teachings, and encourages listeners to engage in self-reflection regarding their financial priorities. Today’s show highlights include: *A breakdown of the 3 essential financial questions that everyone needs to be aware of. * Why you need to consider your ultimate objectives regarding wealth and retirement, emphasizing purpose and significance beyond mere accumulation. * The importance of asking questions rather than seeking immediate answers, particularly regarding financial matters. * A reflection on the evolution of retirement as a concept in direct correlation to increased prosperity and longevity If you enjoyed today’s episode, make sure to comment and share it with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

With the 2024 Presidential election just around the corner, it is more important than ever to equip ourselves with the knowledge and mindset necessary to weather market volatility and make informed financial decisions. In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, breaks down everything you need to be aware of with regards to the upcoming election, and its potential impact on your finances. By understanding the implications of political events on the economy and markets, staying focused on long-term goals, and avoiding emotional reactions to short-term fluctuations, investors can navigate uncertain times with confidence and resilience. Today’s show highlights include: *An outline of key dates in the election process, including primaries, debates, and Election Day, to help you stay informed and prepared. *A discussion of potential outcomes of the elections, including various combinations of party control in the presidency, House, and Senate, and how these scenarios may impact markets. *Addressing top economic and non-economic issues identified in a recent Gallup poll, focusing on the federal budget and debt, and the different approaches of Democrats and Republicans regarding taxation and spending. *Despite political volatility, why confidence in the long-term resilience of the stock market should be considered. If you enjoyed today’s episode, make sure to comment and share it with a friend or family member! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

As the 2024 Presidential election approaches, it's crucial for Americans to discern what truly matters to them in order to make informed voting decisions. In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, dives into the intricate world of financial planning amidst the political landscape. With a focus on key issues like taxes, Social Security, and healthcare, he navigates the complexities of how proposed policies may impact personal finances. Show highlights include: *A discussion of the concept of "fair share" in taxes and how it's often framed in political discourse.  *A breakdown of the historical debate over the size and role of government in the United States and how taxation ties into this debate. *Four subplots in the upcoming election that may not be decisive factors in voting decisions but are still important for personal financial planning. *Why, specifically now, it is important that you stay informed on proposed policy changes and their potential impact on personal finances. If you enjoyed today’s episode, be sure to comment and share it with a friend! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

For 2024, estates exceeding $13,610,000 (or $26 million for married couples) may be subject to estate taxes, making strategic planning essential for wealth preservation, and this number could be even higher in 2025. In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, dives deep into the intricate world of inheritance and legacy planning, shedding light on key tax considerations that can significantly impact your estate and the wealth you pass on to the next generation. Some of today’s show highlights include: *A breakdown of the immense tax benefits of living in a Community Property State. *Why it's vital to differentiate between ordinary income and capital gains in inheritance. *Understanding the key differences between estate taxes and income taxes. *The valuable tax provision that is Step-Up in Basis. If you enjoyed today’s episode, make sure to comment and share it with a friend!

Did you know that Christians collectively hold a substantial 55% share of the world's entire wealth.? In today’s episode of "Retire in Texas," Darryl Lyons introduces his upcoming book, “Biblical Responsible Investing” which explores the unique motivations driving Christian financial thinking.  Throughout the podcast, Darryl provides an in-depth overview of the book's chapters, covering topics from political motivations to multi-generational wealth transfer. With endorsements from industry figures, the episode offers a glimpse into a distinct approach to financial decision-making rooted in faith. Some of today’s show highlights include: * A high-level overview of each chapter in Darryl’s book, “Biblical Responsible Investing”. *Darryl’s personal connection to the book, which originated during the COVID period when he decided to pursue law school online at Texas A&M. *An exploration of the different motivations and ways Christians think about money, referencing the vast number of scriptures about money and the significant wealth held by Christian communities. *Why it is crucial to disconnect the idea that all Christians align with a particular political ideology. If you enjoyed today’s episode, make sure to share it with your friends and family! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

While the focus of financial services often gravitates towards investment strategies and market forecasts, the essence of fostering trust through open communication, integrity, and making a positive difference in the community plays a pivotal role.  This episode sheds light on how PAX Financial Group not only acknowledges but prioritizes these fundamental values, offering a unique perspective on the often-overlooked dimensions that shape a truly impactful financial service experience. In today’s episode of Retire in Texas, Darryl Lyons offers a detailed glimpse into the inner workings and recent developments within PAX Financial Group. Some of today’s show highlights include: *An exploration of the coaching triad concept involving mentoring, cheerleading, and advising, stressing the significance of coaching skills for advisors. *A breakdown of some of the PAX investment process, including the addition of faith-based solutions, municipal bonds, and structured notes to hedge market risks. *A discussion of changes in PAX’s team structure, including the addition of new members and shifts in roles. *A highlight of the PAX Impact initiative, which has contributed over $1 million to nonprofits in the community. If you enjoyed today’s episode, be sure to share it with your friends and family! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Just as businesses have target markets, financial thieves also target specific groups, which emphasizes the need for heightened awareness in safeguarding against evolving threats. In today’s episode of Retire in Texas, Darryl Lyons dives deep into the existence of evil and its impact on financial strategies, addressing theft, the killing of joy through anxiety, and the attempt to destroy the religious fabric in today’s financial ecosystem. Some of today’s show highlights include: *Why certain groups, such as the boomer generation and Christians, are specifically targeted by financial thieves. *An explanation of Darryl’s belief in the existence of evil, drawing from both theological and experiential perspectives, and a connection to the idea that acknowledging evil implies a belief in good and, consequently, a creator. *A breakdown of various forms of theft, from traditional scams to more sophisticated ones, further emphasizing the need for increased awareness due to the rising use of artificial intelligence in financial scams. *Why it is crucial to reevaluate your giving strategies, given the connection between generosity and happiness, both biblically and scientifically. If you enjoyed today’s episode, make sure to share it with your friends and family!   Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

In today’s insightful episode of Retire in Texas, Darryl Lyons takes listeners on a comprehensive journey through his top ten convictions for 2024. The episode serves as a beacon for informed decision-making, urging listeners to engage with their advisors and navigate the complexities of the upcoming year with confidence, foresight, and a nuanced understanding of the diverse factors shaping our financial future. Recognizing the importance of planning over predicting, these considerations aim to assist in preparing both your financial and emotional resilience as we step into the unfolding landscape of 2024, urging you to stay ahead of potential challenges and surprises. Some of today’s show highlights include: *An in-depth breakdown of Darryl’s top 10 Convictions for 2024. *With shifts in tax brackets, a strategic consideration is placed on Roth conversions for the year 2024. Darryl recommends revisiting these conversions in consultation with advisors, stressing the significance of proactive planning in anticipation of potential tax law expirations in 2025. *Despite an alarming increase in U.S. debt, significant changes are unlikely in an election year. The conversation revolves around the political rhetoric surrounding the issue and its potential impact. *An explanation of why cybersecurity threats are escalating, including sophisticated tactics like deepfake technology. If you enjoyed today’s episode, make sure to share it with your friends and family!   Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

2023, a year marked by unforeseen events and economic shifts, offered a dynamic canvas where global trade tensions, technological strides, and cultural influences converged, shaping the financial landscape and leaving a lasting imprint on the way we approach investments and plan for the future. In today’s episode of Retire in Texas, Darryl Lyons takes us on a high-flying overview of the top ten financial events that shaped 2023. From balloons flying across the country to the Federal Reserve's interest rate hikes, each event unfolds with economic implications and lessons for the future. Some of today’s show highlights include: *Significant themes and takeaways from the major events of 2023, offering a comprehensive perspective on the financial landscape of 2023 and beyond. *A consideration of the evolving role of traditionally conservative investments in an ever-changing financial landscape. *The “Swiftie Effect” and insight into the multifaceted economic effects of cultural phenomena beyond traditional sectors. *An explanation of what is to be expected of AI's continued impact on financial planning and global industries. If you enjoyed today’s episode, be sure to share it with your friends and family! Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Many people set New Year's resolutions, but how many people actually achieve them?  In today’s episode of Retire in Texas, Darryl Lyons takes a unique approach to goal setting, offering valuable insights and personal anecdotes that have guided his journey to success.  Show highlights include:  *The power of establishing attainable objectives and understanding the importance of having a well-structured strategy to reach them. *An in-depth explanation of the nine different areas for goal setting. *A breakdown of an experiment from Heidi Grant-Halvorson's book, "Succeed: How We Can Reach Our Goals”. *Darryl’s experience with goal setting from a young age, and how it set the groundwork for his personal and professional success later in life. If you enjoyed today’s episode, be sure to share it with your friends and family!   Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

As the year draws to a close, the demand for information on charitable donations is on the rise.    In today’s episode of Retire in Texas, Darryl Lyons delves into the world of Donor Advised Funds, offering a comprehensive guide to this powerful tax strategy for the charitably inclined.   Some of the topics discussed include:    The presentation of Donor Advised Funds as a simpler alternative to wealthy individuals setting up foundations for charitable giving.An explanation of the distinction between faith-based and secular donor advised funds.The importance of verifying charities and why you need to be wary of charities asking for immediate large payments, gift cards, or wire transfers.Why PAX believes that setting up a donor advised fund can be a strategic move in anticipation of potential tax increases in the future.   If you enjoyed today’s episode, make sure to share it with your friends and family!   Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.