As you get closer to the day when your salary goes away… and everything you’ve accumulated up to this point has to be the source of ALL your future paydays… your decisions need to become more accurate. You can’t afford the mistakes you made thirty years ago. On an increasing basis, the news literature in the financial world states that you will need more than a million dollars to retire and to make sure you don't go broke. A million is a nice sum of money, but unless you properly diversify, allocate, and conserve it, you run the risk of seeing it get cut in half by a combination of market declines, income withdrawals, RMDs, taxes, politics, fees, inflation, and poor timing when it comes to retirement. Today, we''ll tell you the story of Doug and Diane, who found out the hard way. Then Medicare Specialist Shelley Grandidge joins us for the Q & A. Don't miss today's show MASTERING MONEY is on the air!!
Your Daily IQ Retirement Brief 5/20/22
Your Daily IQ Retirement Brief 5/19/22
Retirement is supposed to be easy. This is the time in your life when you want to start relaxing and enjoying your life. You've put in your time…you want to reap the rewards. Twenty years ago, the secret to retirement was to move half of your money to bonds paying five to seven percent…. You got the SAFETY you needed-- and typically enough interest to keep you from worrying about your money! But twenty years ago, you were likely PERTURBED because the rate on a ten year treasury was dropping all the way “down” to five or six percent! Today, a ten year treasury bond is paying less than one point seven percent! Yet the advice you still may get from a big-box-brokerage like Vanguard, Fidelity, or Edward Jones, is to keep buying those bonds paying the lowest interest in one hundred years. Today, Steve will break down what a huge risk you may be taking, and how to fix it. Don't miss today's show MASTERING MONEY is on the air!
Your Daily IQ Retirement Brief 5/18/22
A Wall Street Journal-published-report points out that many of us routinely—and even BLINDLY—rely on the advice of ALGORITHMS in all aspects of our lives today, from choosing the fastest route to the airport to deciding how to invest our retirement savings. In short, WE are programmed-- not just our phones. And we’ve come to rely on—and trust—algorithms for many things we do. ….But should we trust them as much as we do? Research suggests maybe we shouldn’t. Especially when it comes to high-stakes financial decisions that can affect our retirement savings. Algorithmic trading uses computer programs to trade at high speeds and volume. Today, four fifths of all trades in the U.S. stock market are either fully or partially done by algorithms. Index funds are especially vulnerable. Today, we'll explain how to build a retirement investment strategy that can benefit from algorithms, not be crushed by them. A very timely show you don't want to miss...MASTERING MONEY is on the air!!
Your Daily IQ Retirement Brief 5/17/22
Today on Mastering Money, a very special guest joins us. But first.....Very few investors would consider basing their entire life savings around owning just one stock. The reason is obvious. Even with the best company on the planet, times change, things go wrong, competitors emerge and the stock price can fall. At first glance, some investors believe diversification simply means SPREADING your risk. But is that really all there is to it? If all it took to be successful was to own lots of different stocks, without regard to WHY you own each and every one of them, then there would be no losers on Wall Street. Everybody would win every day, and all the time. Because we know there are more losers than winners on Wall Street, it is important to truly diversify your portfolio in the smartest way possible--and according to your age. A power packed show you don't want to miss, MASTERING MONEY is on the air!!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market TALK SHOWS in America today, featuring timely insights from top analysts. "MOTLEY FOOL MONEY" is heard by millions of listeners coast to coast—including Saturdays right here on Money Radio at 5pm! First we'll update breaking financial news and get a read on all the indexes, THEN, we'll take you to an exclusive broadcast of the Motley Fool Money Show, with fresh ideas to help you become a more informed investor. Steve will cap it off with proven money-making and money-SAVING ideas that you DON'T want to miss! -- A jam-packed show --and we're READY TO ROLL ! ... MASTERING MONEY IS ON THE AIR!!!
Your Daily IQ Retirement Brief 5/16/22