We’ve become accustomed to the idea that many imported cars are now made in Kentucky, South Carolina, and Alabama. But what about that imported beer you take a fancy to every now and then? Well according to the Wall Street Journal, If you thought your favorite beer was an import, think again. It may have been brewed in St. Louis…or Latrobe, Pa., or Fort Worth, Texas. A recent class action suit could put money in your pocket. Steve and Sinclair review a Wall Street journal report on the lawsuit. In the Q & A, Sinclair and Steve review some key differences in annuities and how some annuities actually benefit from rising rates. Find out what rising rates can mean for an immediate, variable, fixed, or fixed index annuity.
"We’re in that kind of market again…Like a magic trick that’s become so commonplace we notice only when it fails, investors expect every act of financial engineering—from mergers and acquisitions to buybacks to spinoffs—to produce the desired result: a higher share price." -- So says Ben Levisohn, writing in Barron’s. Steve and Sinclair review what can go wrong when a company goes REIT. Levisohn covers the Arden restaurant trials and travails. In the Q & A segment, Matt Griffin, CEO of Payson Petroleum joins the A-Team to dig into what investors in oil and gas should be looking for right now.
Gold expert Nick Grovich of American Federated Coin and Bullion joins the A-Team for the Q & A. Nick will soon be a regular guest on Mastering Money. In the Getting Smart segment, Steve reviews the "770 Account" and "Bank on Yourself". They are heavily marketed on the internet, yet are simply marketing nicknames for what is known as "Overfunded" or "Max Funded" cash value life insurance. IQ Wealth is an authority and primary resource for these types of policies. A surprise to most people-- U.S. banks utilize max funded life policies for a part of their cash reserves. American banks like B of A, Wells Fargo, Chase, and Citi owned a combined $130 billion in this asset. If you're looking for tax preferred status on a portion of your capital while shoring up your estate and long term care plan in one brush stroke, listen in.
New research by Duke, Oxford, and the University of British Columbia confirms that 45% of today's jobs will be taken by automation in the next 20 years. Its been going on for some time--in the past, one factory job supported a family of four or five, with a house a mortgage and two cars. Today, two members of the household are forced to find other work and still may be at the poverty level. Even Bill Gates is warning that people are not ready for what's coming next. Steve and Sinclair review and discuss. In the Q & A, MarketWatch real estate columnist Daniel Goldstein joins the A-team. This show will air again on Saturday at 8am. Join us!
Are you using the "backdoor Roth IRA?" IRS income limits forbid many Money Radio listeners from contributing directly to a Roth. The back door Roth is a way to accomplish the task and build a tax free nest egg--if you meet certain requirements and don't screw it up! Steve and Sinclair discuss and review. In the Q & A, CFP® Murray Titterington with IQ Wealth answers questions on Social Security claiming and ex spouses.
For business owners, a defined benefit plan can result in tax deductions and retirement funding of from $100,000 to $300,000 annually, depending on which type of plan is selected. There are also "Roth-like" alternatives with more flexibility, and ways of combining several plans at once, while keeping complexity low. Steve and Sinclair review the options. In the Q & A Segment, highly rated commercial real estate attorney Christopher McNichol of the Gust Rosenfeld law firm joins the A-Team, and digs into community property issues.
Big pharma is making a comeback with cutting edge new drugs to do battle with alzheimers, diabetes, various forms of vaccines, oncology, and acute hospital care. Meanwhile, the Food and Drug Administration has speeded approval of drugs. The agency approved 41 new drugs last year, the most in 18 years, and well above the average of 25 per year since 2005.
Bull markets make geniuses of all investors. Professionals know the challenge involved in not only making money, but keeping it. The speed at which you can click buy or sell on an ETF can give a false sense of security. Unforced errors cost investors lots of money and experts say we are all wired to screw up investments for a list of reasons they have identified. Steve and Sinclair review the research of Dr. Meir Statman, author of What Investors Really Want, and a professor of Finance at Santa Clara University. Neil MacNeil of the 2 For 1 Stock Split Newsletter, featured on MarketWatch, joins the A-Team for the Q & A segment.
Are you ready to ride in a driver-less taxi? Uber thinks you are. After raising $5 billion from investors, the ride sharing juggernaut now wants to dump the taxi drivers and go driverless. In a mad dash to be the firstest with the mostest in driverless taxi's, Uber hired away the top robotics scientists from Carnegie Mellon University in Pittsburgh. Steve and Sinclair review the controversy reported in the Wall Street Journal. CFP® Murray Titterington with IQ Wealth joins the A-Team to talk about Social Security strategies and using software to arrive at the optimal approach.
Water water everywhere, but not a drop to drink. The debate rages on whether California should invest the billion dollars per plant it will take to provide drinking water from the Pacific. IDE Technologies of Israel has built 400 plants over four decades and has refined the techniques, lowered the cost per gallon, and reduced environmental impact. Carlsbad and San Diego are now players, will LA and San Francisco follow suit? Critics site the cost as being high, yet Californians are ready to build a football stadium to attract an NFL team. The last one built, Dallas Cowboy Stadium (AT&T) cost $1.2 billion. You can build a plant that will cover the water needs for a city the size of Los Angeles with that kind of money. Matt Griffin of Payson Petroleum joins us for the Q & A on Mastering Money.