As time goes on, Inherited IRAs are becoming more and prevalent. You may be receiving one yourself one day from a parent or sibling, or the day may come when you leave YOUR IRA to a child, brother, sister, or even a grandchild. Do you know how Inherited IRAs' really work? Today on Mastering Money, we'll continue our IRA Clinic, focusing today on the rules of the road for INHERITED IRAs, including techniques for doubling or even tripling your income from an Inherited IRA, fully in line with IRS rules! Then Fox Business Contributor Gary Kaltbaum joins us for the Q & A. This is a show you don't want to miss...MASTERING MONEY is on the air!!!
To encourage individuals to save for retirement, the Internal Revenue Code provides special tax breaks to those who contribute to traditional-- and Roth IRAs. Traditional IRAs can be established by anyone who is: A) younger than age 70½ at the end of the year, and B, has EARNED income (i.e., wages, salaries, or payment for personal services) Today on Mastering Money, we will begin a clinic on IRAs, starting with the difference between a beneficiary and a DESIGNATED beneficiary and why its so important to know--and the impact of your last will and testament ON your IRA, and tell you what happens at the death of an IRA owner when an IRA does not have a designated beneficiary. Then mortgage expert Mitch Boxberger joins us for the Q & A with strategies for reducing or eliminating mortgage payments in retirement. A fact-filled 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, featuring top market experts and heard by millions of listeners coast to coast—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a financial update from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!
As an investor, you can choose to invest in companies that pay dividends, or choose those that do NOT. With non-dividend paying stocks, there is only one way to make money: the price must go up. Period. With dividend-paying stocks, you have three ways to make your nest egg grow. Generally speaking, companies that pay regular dividends make it part of their business model. A small fraction of companies votes to INCREASE the dividend every year. These are known as dividend GROWTH Stocks. Today, we'll clarify the difference between Dividend Champions, Dividend Aristocrats, and Dividend Contenders-- and why it matters. Then estate planning attorney Libby Banks joins us for the Q & A. A fact-filled show you don't want to miss--MASTERING MONEY is on the air!
Elizabeth Warren wants to be your president, and she is now pulling even with Joe Biden for the Democratic nomination. Unlike Sleepy Joe, Senator Warren is a high energy pusher of a form of socialized capitalism that she has renamed "Accountable" capitalism. It has a more saleable ring to it, but under her policies, all corporations worth more than one billion dollars--which comprise almost everyone's 401k and IRA, would have to form all new charters with a new board of directors. Under the Warren charter, companies currently dedicated to their shareholders’ interest would be reordered to serve the interests of numerous new “stakeholders,” including “the workforce,” “the community,” “customers,” “the local and global environment” and “community and societal factors” --including global warming. Today, we have an incisive Wall Street Journal analysis of her plan done by former Senate Banking Chairman Phil Gramm that you don't want to miss, with CUTTING EDGE planning tips on building retirement wealth the SMART WAY. ...MASTERING MONEY is on the air.
Automation is threatening 25% of jobs in the U.S.-- RIGHT NOW-- according to the Brookings Institution, in a report covered both by CNBC and the Wall Street Journal. The disruption will hit certain people harder than others, including low-wage earners and men. Should a recession come, the move to automation will accelerate. These are the findings of a new report by the Brookings Institution, a Washington-based think tank, titled: Automation and Artificial Intelligence: How Machines Affect People and Places. We all know the robots are coming, and it could spell trouble for the economy and our national debt--but HOW will this massive unstoppable trend affect YOU as a retired investor? Today we'll review the findings of the study and what you can do to protect your retirement. Then travel agent extraordinaire RUBY KELLY joins us for the Q & A. A power-packed show you don't want to miss! MASTERING MONEY is on the air!!!
Safety MATTERS in retirement. Going backward due to a market crash is a foolish financial blunder that we ALL want to avoid! A big setback results not only in the loss of money but the loss of precious TIME. You can make money back, but you can't make back the time you lose. Those who retired in 2007 discovered in 2008 that ten years of stock market gains can be wiped out in just ten WEEKS of stock market losses. One day, every market reverses. However, those who keep the predominant portion of their money out of harm’s way—safely protected-- need not worry about devastating their life savings. Over 200 billion dollars a year go into annuities, with much of it being used in IRA rollovers from company plans. The regulatory environment for annuities has never been tighter and more stringent. We'll review that today and then estate planning attorney Libby Banks joins us for the Q & A. You don't want to 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, featuring top market experts and heard by millions of listeners—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a financial update from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!
According to the Wall Street Journal, a significant portion of the sensitive data we have today is going to be cracked by foreign powers in the not-too-distant future, and there is nothing anyone can do about it. The danger comes from an ultra-powerful and still-experimental technology called QUANTUM COMPUTING. Unlike current computing, QC leverages the quantum properties of atoms to quickly compute problems that no conventional computer could crack. China has already launched the equivalent of a MANHATTAN PROJECT in quantum, spending up to fifteen times more annually than the United States on research and development. As an investor, especially one that is in or near retirement, it is important for you to know how technology could affect the economy, the markets, and therefore your personal investments in the years ahead. Today, we'll review the Journal's fascinating report, with a strategy to build retirement wealth the smart way. MASTERING MONEY is on the air!!!
Nothing is a bargain in this world unless it serves a purpose and helps you achieve a goal. Managing your own money to save a fee can work, but we all know the do-it-yourself approach seems to work BEST when markets are RISING! Rising markets tend to lift ALL boats. As the saying goes, in a bull market, EVERYONE is a genius! But the real measure of how well your portfolio is being managed is not so much when markets are UP, but more when markets fall flat and then reverse. How do you KNOW if your money is in the right place? Well, lets put it this way. If you find yourself FEARING the next bear market rather than relishing the idea, your money is probably allocated poorly. Today, we'll review the FOUR KEY QUESTIONS you should be asking yourself right now, and how to arrive at clear answers! MASTERING MONEY is on the air!!!