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!!
When the U.S. Congress passed the Revenue Act of 1978, it resulted in the first 401(k) plan, which took the costly burden of financing retirement pensions off of the backs of employers and onto the backs of employees. At one time, over 80 percent of workers retired with a pension. Today less than 18 percent of American workers have a pension in place. And if many companies get their way, they will be carrying fewer and fewer pensions as time goes on. Many pensions are underwater or will be because of the lowest interest rates in U.S. history on bonds, causing pension plans to take more risk. We'll explain why it's happening and what you should do if you are offered a lump sum. A great show you don't want to miss-- MASTERING MONEY is on the air!
One of the most impactful--but least discussed parts-- of the recently released Joe Biden tax plan is the elimination of the "step-up-in-basis" upon death. Many American families have enjoyed the ability to pass on appreciated assets like the family home, real estate, and stocks held at brokerages to the next generation without any capital gains tax. Whether you have built up a nice stock portfolio or paid off your home and hope to leave it to your kids, Biden’s plan would eliminate that privilege and impose a capital gains tax ON YOUR KIDS upon death But wait, there's more! His plan also makes gains taxable at the ordinary income rate, rather than the lower capital gains rate. We'll review the Tax Foundation's analysis. Then Medicare expert Shelley Grandidge joins us. A really important show you don't want to miss....MASTERING MONEY is on the air!!!
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!
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!!!
In investing, knowledge is power. To paraphrase Benjamin Graham's investment advice--Warren Buffett’s mentor--you should strive to know WHAT you are doing and WHY. If you don't understand the game, he said, don't play it...and Stay away until you do. Being honest, most of us would say we DON’T actually understand the market. It has gotten so massive and unpredictable, pretending to know every aspect of it is foolhardy. Even Warren Buffett, during his brilliant career, only worked within a slice of the market—companies that he grew to understand very well and companies that made real money in the real economy. Buffett took a mathematical and systematic approach to investing. Today we'll review exactly how to do that, then health insurance and Medicare expert Shelley Grandidge joins us. A great show for you today...MASTERING MONEY is on the air!!!
Peter Oumanski writing for the Wall Street Journal says that digital devices are potentially damaging your finances—but not in the way you might think. Smartphones and other gadgets allow us to follow our friends, read the news, watch a football game and even track our investments anytime. Unfortunately, people are increasingly doing all of the above within a few minutes time, rather than taking the time to truly focus on a financial plan that protects against risk while seeking gains in a prudent way. In the past, lack of data was the problem for investors. Today, we are overwhelmed with data. Today on Mastering Money, we expose the problem then give you clear solutions. . Don't miss today's show MASTERING MONEY is on the air!!!
People who don’t like losing money in the stock market are often described as “risk-averse”. In reality, behavioral scientists will say that you may not be RISK averse, but rather LOSS averse. There is a difference, and it matters when you are designing your financial plan.
Las Vegas is loaded with people who are not risk averse. In fact, they take pleasure in taking a risk.But all of them are LOSS averse. Today, we'll clearly define the difference and why you need to know it when determining HOW to allocate your investments for retirement, and it may SHOCK you! Then health insurance and Medicare expert Shelley Grandidge joins us for the Q & A. An important show you don't want to miss....MASTERING MONEY is on the air!!
When most people hear about insider selling, they think about the infamous Ivan Boesky trading scandal from the 1980s that inspired Michael Douglas' Gordon Gekko character in the movie "Wall Street." …Or they think about Martha Stewart… selling shares of the biotech company ImClone just days before the FDA announced it wasn't approving a new ImClone drug. But most insider selling today isn't illegal for that matter. It is something that is tracked and some investors actually make decisions based on whether CEOs are buying or selling shares of the company they manage. The key lies in WHEN they place the buy or the sell order, because there are TWO TYPES of insider trading: LEGAL and IL-Legal! Today, we'll learn more about the difference and it may shock you. An interesting 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!!!