In this episode of The Asset Preservation Hour, Stewart Willis and Spike Spengel break down why social media has become one of the most dangerous places to get financial guidance and what to trust instead. After a wild week in the markets, with an 1100 point drop followed by a sharp rebound, Stewart explains why volatility is simply part of investing and why your ability to tolerate it matters just as much as your portfolio itself.
The conversation then turns to a revealing MassMutual study that found 82% of Americans over 55 believe a financial advisor adds value, yet only 34% actually work with one. Stewart shares why that gap exists, from procrastination to the psychological traps people fall into when they try to go it alone. He also opens up about a viral moment on Instagram that taught him a hard lesson about how easily financial advice gets twisted for clicks, and why 36% of people who made a major financial decision based on social media later regretted it.
Stewart and Spike also touch on inflation, the ratchet effect on prices, and why the estate tax threshold has changed dramatically since the 1990s. It is a candid, practical conversation about filtering out the noise and getting advice you can actually rely on.
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What is The Asset Preservation Hour?
Join Stewart Willis, President of Asset Preservation Tax & Retirement Services, and co-host Spike Spengel as they explore strategies for protecting, growing, and maximizing your wealth. Designed for those in or near retirement, this podcast delivers expert insights on tax planning, investment advice, estate planning, and building a secure financial future—all tailored to help you make the most of your life’s work.