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Truesdell Wealth, Inc.
Casual Breakfast Conversations No Cost or Obligation

In-Person / Thursday, November 14th
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Stone Creek Golf Club - The Grille

In-Person / Friday, November 15th
True Estate Documents
Stone Creek Golf Club - The Grille

In-Person / Wednesday, December 11h
TOPIC CHANGE: The Truesdell Military Procurement Portfolio
Stone Creek Golf Club - The Grille

In-Person / Thursday, December 12h
MICA Income & Return Lock
Stone Creek Golf Club - The Grille

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Harris & Trump – Girl & Boy or Something Else

The recent release of Kamala Harris’ physical fitness medical records is significant for several reasons, and I think it’s important to look at it in the context of the ongoing debates around presidential health. We’ve seen similar releases from both Donald Trump and Joe Biden in the past. Trump, for instance, had some legitimate concerns about Biden’s health, given their age and the rigorous demands of the presidency. But now, with this release, the argument over which of these older leaders is in better physical condition seems less relevant.

What’s interesting to me is whether this will matter to the public. Will anyone care enough about these details to shift their opinions or reconsider their political leanings? Will it move the needle at all, or will this simply be another data point that fades into the background?

I believe the real issue here is not so much the health of the individuals, but rather the question of who stands ready to step into the role if needed. Our country has a long history of vice presidents who were thrust into the presidency under unexpected circumstances. Harry Truman, who was relatively unknown before he became president, is a great example. Then there’s Lyndon Johnson, who took office after Kennedy’s assassination and shaped the country in profound ways.

We’ve also had close calls, such as when George H.W. Bush almost became president after the assassination attempt on Ronald Reagan. These moments remind us that the vice-presidential position holds more weight than some may think. For our industry, this raises a critical point: the vice-presidential candidates need to be scrutinized more closely.

From my perspective in the financial services industry, I can say without hesitation that I don't find the current Democratic vice president competent enough for this level of responsibility. In a world where the vice president could become president at a moment's notice, we need to pay closer attention to these individuals. It’s not just about who’s at the top of the ticket, but also who’s waiting in the wings.

Break – Disclaimer

I recently received a contact form as a result of our podcast from a listener living on the outskirts of Naples. First of all, a big hello and thank you to Allison for becoming a regular listener and for reaching out through the contact form. Allison asked a great question about fixed income, guaranteed income, and contractual income—she’s really paying attention to the concepts we’ve been discussing. Specifically, she asked, “How much contractual income do I need, and how should I think about it?”

Now, this is a very individual question because it depends heavily on your overall income situation, including what you're receiving from Social Security, pensions, dividends, interest, and capital gains. When we think about income planning, we need to remember that just as there are fixed and variable expenses in life, there are also fixed and variable income sources. Fixed income sources are things like Social Security and pension p