Past episodes
EP 11 | AI took July into orbit.
EP 01 | What Is a Roth Conversion – and Could It Lower My Future Tax Bill?
Intro | Fireside Finance Trailer
EP 10 | Cool, calm, and cautious Halloween.
EP 07 | July’s big + beautiful moments.
EP 06 | All-time highs & artificial smarts… June hit different.
EP 05 | May’s market got Moody.
EP 04 | April built a bigger coaster.

EP 12 | $40 Trillion, and Labor Day looks the same.

What does a $40 trillion national debt actually change about your week? And how do you tell a material market event from a headline built to hold your attention?

Episode Description

What does a $40 trillion national debt actually change about your week? And how do you tell a material market event from a headline built to hold your attention?

This month, Darlene Kuipers & Joey Ott break down August 2026’s headlines, from the national debt crossing $40 trillion to the Treasury’s expanded long-end buyback operations. Some investors should be watching the long end of the yield curve closely. Much of this conversation is about determining whether you are one of them.

In EP 12:

  • Why the debt crossing $40 trillion changes less in a household plan than the number suggests
  • How a government balance sheet differs from a household balance sheet
  • What the Treasury’s expanded long-end buybacks signal, & what they don’t
  • Why round numbers in headlines invite anchoring, & what gets lost when the denominator is ignored
  • The three currencies financial media is after: money, attention & trust
  • A practical test for separating a material market event from a manufactured one
  • What record 401(k) savings rates & a 36% jump in IRA contributions say about investor behavior
  • Why automating contributions & raising them incrementally is often more achievable than waiting to reach a target
  • Which variables are genuinely controllable, a framing drawn from David Booth’s Stay Calm
  • What the investment team is watching in September, including the mid-month FOMC meeting

 

Disclosures

EPISODE NOTES

The $40 trillion figure is gross federal debt as of 8/19/2026, which includes intergovernmental holdings; debt held by the public is smaller, and totals vary by reporting date and methodology. Retirement figures are from Fidelity’s Q2 2026 Retirement Analysis and reflect Fidelity’s book of business as of 6/30/2026, not the U.S. population; the 15% benchmark is that firm’s general guideline, not a recommendation for any individual. Buyback terms are set by Treasury and subject to change. Long-end conditions could deteriorate materially, and nothing here should be read as a prediction that they will not or that fixed-income risk can be disregarded. Rate expectations reflect market pricing at the time of recording, not an LVZ forecast.

This was recorded on 9/3/2026.

DISCLOSURES

Securities offered through Harbour Investments, Inc. Member FINRA/SIPC. Investment advisory services offered through LVZ, Inc. LVZ, Inc. is a federally registered investment adviser.

For informational purposes only. Not investment advice, a recommendation, or an offer or solicitation to buy or sell any security.

All investments involve risk, including loss of principal. There can be no assurance that any strategy will achieve its intended objectives.

Investment values will fluctuate and may be worth more or less than cost.

Past performance is not indicative of future results.

Fixed income carries interest rate, credit, and liquidity risk. Bond prices generally fall when rates rise.

Conflicts of interest may exist. See Form ADV Part 2.

Views are subject to change. Forward-looking statements reflect the speakers’ views at recording and are not a guarantee of future results.

Discussion of savings rates and retirement benchmarks is general and does not account for individual circumstances.

Not tax advice; please consult a tax professional.

References to third-party authors, books, firms, or research are illustrative only and are not an endorsement or recommendation.

Statistics are as of the dates indicated, from sources believed reliable but not guaranteed; figures vary by provider methodology.

Full source documentation with links is available upon request.

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