{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ep 32: The State of the Economy with Marc Werkmeister and Mike Jacobson (Guest appearance on the NebraskaLand Bank Podcast)","description":"(Note: Today's episode sounds a little different as it was originally produced for the NebraskaLand Bank Podcast) On this episode: With a volatile market, rising interest rates, and high inflation, many people are worried about the state of the economy. On today\u2019s show, two economic experts, Senator & NebraskaLand CEO Mike Jacobson and Certified Financial Planner Marc Werkmeister join us to break down the trends we are seeing in the economy and what it all means. More Details: The current economic environment has many people worried. Interest rates are up, the stock market is volatile, bit coin has lost tremendous value, and inflation is up. So on today\u2019s episode, we want to sit down and discuss the economy and the future trends we should expect to see with two economic experts, Mike Jacobson and Marc Wekmeister. Mike Jacobson is the CEO of NerbaskaLand Bank and the Senator for District 42 and Marc Werkmeister is a Certified Financial Planner with PFA. Inflation is when too much money is chasing too few goods and services. Looking at where we were with supply chain issue and the influx of money into the economy with stimulus checks, inflation was bound to happen. To combat inflation, the Federal Reserve raises interest rates, promoting people to stop buying and start borrowing and we are seeing this impact in the housing market already. By a strict definition we are not technically in a recession yet. However, we are experiencing some of the signs of a recession. Whether we will end up in a full-blown recession isn\u2019t known yet. We\u2019ll explore some scenarios and what you should be doing to protect your wallet.  Join us today as we get into these topics:  What causes inflation and what can be done to fix it? Why stocks and bonds are both experiencing volatility. What pre-retirees should be doing to protect themselves How the housing market is responding to the economy Timestamps: 0:37 \u2013 Sorry to keep you waiting! 1:14 \u2013 We love Nebraska Day 2:56 \u2013 Welcome to our guests 3:28 \u2013 What is the overlook on the economy? 9:44 \u2013 Getting back to ordinary 12:58 \u2013 Are we in a recession? 15:00 \u2013 How would you protect your 401(k)? 18:38 \u2013 Bond-ladder investing and CD letters 19:40 \u2013 What is your advice to a hopeful homebuyer? 21:44 \u2013 What are we looking at with home lending? 25:59 \u2013 Making compromises with homes 27:31 \u2013 Figuring out what your long-term and short-term goals are 29:35 \u2013 What are some of the positives? 32:59 \u2013 Trivia: Current Events! ","author_name":"Make Retirement Work","author_url":"https:\/\/makeretirementwork.com\/","html":"