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Mastering Money

Mastering Money is hosted by Certified Income Specialist™ Steve Jurich. Steve's comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Sinclair Noe as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!
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Now displaying: July, 2015

Jul 17, 2015

Bill Gates is warning that robots and computers really ARE taking our jobs. This is part of the worldwide deflationary trend that leads to sagging economies and lower intererest rates. 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.  Ken Morgan pinch hits for Sinclair in segment 1.

Jul 16, 2015

How much do Uber drivers really make?  The Silicon Valley/San Francisco ride sharing start-up boasts that its drivers make "life changing" money--up to $90,000 a year in New York. However, Business Insider and CNN Money are finding that drivers do not come close to that amount, and Uber has been banned in several countries and cities like Portland for violating regulations. Will the company be viable long term? We explore. In the Q & A segment, one of the top CFPs and an editor for the Journal of Financial Planning, Michael Kitces MSFS, CFP joins the A-team to discuss the problems with Monte Carlo projections.

Jul 15, 2015

How’ve you been sleeping lately?  According to an article in the Wall Street Journal, You May Be Getting More Sleep Than You Think…Have you ever had nights when you feel like you barely slept, only to hear from your partner in the morning that you were actually out like a light?  Writing for the Journal, Andrea Petersen reports that many people are terrible judges of how much shut-eye they get. That is especially true for those who have insomnia. Steve and Sinclair review how men and women differ in the their sleep patterns and how it can affect your every day decision making.  In the Q & A Segment, the A Team reviews the antidote to low bond rates and how to decipher confusing internet information.

Jul 14, 2015

You can’t take it with you, but it’s getting easier to leave it to your heirs. So says Laura Saunders, writing for the Wall Street Journal. The Journal reports that the Internal Revenue Service recently released final rules detailing a generous estate- and gift-tax break for married couples. 

The break, known as “portability,” allows spouses to pass nearly $11 million of assets to heirs free of estate tax. Without it, many couples would qualify only for one estate-tax exemption instead of two. Steve and Sinclair review. In the Q & A segment, The A Team welcomes Christopher McNichol of Gust Rosenfeld, a prominent Phoenix area law firm. Chris is one of the Southwest Super Lawyers® for Real Estate Law. He is AV® Preeminent™ rated by Martindale-Hubbell®, representing the highest rating in legal ability and ethical standards, and was named by Arizona Business Magazine in Ranking Arizona Best of the Best Award Winner. Today, we quiz Chris on mechanics liens and how they could affect your real property.

Jul 13, 2015

When it comes to asset allocation, where does gold fit in? Is it an investment? Is it a speculation?  Is it insurance? Or is it simply a back up currency? On Mondays this summer, Steve has invited Nick Grovich of American Federated Coin and Bullion to share his views on gold, coins, and metals. Listen in to "inside baseball" on the gold markets. Steve comments on a recent article in Barrons':  "Bye-Bye Bond Funds" which focuses on the multiple risks that bond mutual fund and ETF owners are faced with now.

Jul 10, 2015

Many investors use dividends to create wealth over the long run. As a wealth accumulation tool, the reinvesting of dividends ranks near the top. In fact, when investors hear that "stocks average 8% to 11% over the long run", it is only true if dividends are reinvested. Without dividends reinvested, the S & P would not average much more than 6% according to Morningstar, Dalbar Inc, and simple calcutlons you can do at home. The mistake that retired investors make is that they start trying to live off dividends. When you spend your dividends, you will stop building wealth in the same way and are subjecting your portfolio to sequence of returns risk.   Steve and Sinclair break down and analyze the outcomes of two investors who bought Coca Cola in 1962 to 1965 when Coke was trading at $80 a share with $10,000.  One of the investors spent all dividends. The other reinvested dividends. Find out why it is so important to separate your income capital from your wealth creating (growth) capital.  

Jul 8, 2015

Ironically, Twitter may become a victim of the times it helped invent. So says Steven Sears, writing in Barrons. Steve and Sinclair review the stats on Twitter whose IPO has not worked out well. In the real world, Institutional money managers are using social media for financial intelligence more and more, but Twitter ranks last, after LinkedIn and Facebook for financial intel. According to the study, 20% of analysts first use LinkedIn to research industries, followed by 13% for Facebook, and 9% for Twitter. For market and event commentary, 18% turned to LinkedIn, 13% to Facebook, and 12% to Twitter. For investment products and services, it’s 13% for LinkedIn, 9% for Facebook, and 5% for Twitter. Sears reviews put, call, and collar strategies. In the Q & A, Pension and Qualified plan specialist Mary Read joins the A Team to discuss defined benefit plans, cash balance plans, and 401ks for small business owners. Mary has been instrumental in over 10,000 qualified plans in her career. 

Jul 7, 2015

Get the breakdown on Greece that appeared in Barrons. Dr. Carl B. Weinberg is the founder and Chief Economist of High Frequency Economicsin New York. From 1978 to 1981, Dr. Weinberg co-authored the Wharton World Economic Model while serving as Director of Wharton Econometric Forecasting Associates.  As an IBM Fellow in the mid-1970s, Dr. Weinberg established a European Research and Simulation Center at the IBM Scientific Center in Pisa, Italy. In a featured Barron’s article over the weekend, Dr. Weinburg laid out the reasons why a Greek default could hammer bonds in the Eurozone and globally. Steve and Sinclair review. In the Q & A Section, CFP® Murray Titterington with IQ Wealth, formerly of Morgan Stanley, joins the A Team to review Social Security strategies.

Jul 6, 2015

Have you noticed the lack of leg room on more and more flights?  The big 4 airlines (American, United, Southwest, and Delta) have been putting the pedal to the metal on a technique known  as “upgauging,” in which airlines increase capacity by adding seats on existing jets and replacing smaller planes with larger ones. They are cramming in more seats, and cutting flights. The Department of Justice is investigating collusion among the Big 4.  Steve and Sinclair review what's happening per the Wall Street Journal. In the Q & A segment, Steve provides the A's and outlines a logical process for choosing the right annuity.   With bonds paying next to nothing and banks even worse, many investors who would never have considered an annuity, are suddenly saying no to bond funds and yes to annuities, especially this very unique type of annuity.

Jul 2, 2015

Alzheimers research is moving at a fast pace. The first company with a cure or effective treatment would be a trillion dollar operation virtually overnight. In the meantime, researchers have discovered a testing procedure which could tell you --and the insurance company--if you are pre-disposed to cognitive issues and early long term care claims. Net result?  It could spell doom for the long term care insurance industry. Who would buy the insurance if told there was no problem. If the insurance company knows you are on the road to Alzheimers, why would they give you a policy? What would they charge. Steve and Sinclair review a Forbes report. In the Q & A, Steve reviews methods of paying for long term care without the expensive premiums.

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