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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: September, 2015

Sep 30, 2015

Federal laws prohibit Individual Retirement Accounts—IRAs-- from continuing on indefinitely after the original owner’s death, which is why the IRS created RMDs, aka Required Minimum Distributions. Some owners of IRAs want to stretch out the payment to beneficiariesafter they pass, to extend the legacy or perhaps their beneficiaries are not equipped to handle the lump sum payout.

To "stretch" an IRA, investors have two viable options: 1) They can create a specialized trust that can be treated as the beneficiary or 2) they can use an annuity for their IRA funding vehicle and have the insurance company create the stretch.

If a trust is used, there are strict requirements. In Segment 2, Steve and Sinclair review the restrictions, issues, and benefits. Then in Segment 3, estate planning attorney Richard Dwornik joins the A-Team to expand on the details. Certified Financial Planner® Murray Titterington with IQ Wealtlh also joins the discussion.

Sep 29, 2015

Many security and privacy researchers expect a cyber-breach event in America that will make the hack of infidelity site Ashley Madison look like a footnote by comparison says Christopher Mims writing for the Wall Street Journal. The breach could affect not just people seeking extramarital affairs as with the Ashley Madison case, but everyone in America.

Even more scary, it could be under way already, and we don’t even know it, say computer security experts. Steve and Sinclair review the fast pace at which you are being tracked, traced, and monitored by data brokers. In the Q & A, segment 3, real estate Attorney Stephanie Wilson reviews cases and issues with Home Owners Associations and how a buy and flip investor got burned.

Sep 28, 2015

The recent Volkswagen debacle is a downer for Volkswagen stock, but caused a rally in Palladium--which jumped 9% in a matter of days. In segments two and three, gold expert Nick Grovich goes into detail about why it happened and how it happened. ( Platinum is used in diesel engines, Palladium in gas burning engines.) Learn the truth about how to protect your portfolio with metals, without overpaying. Steve reviews market dynamics and why it is important to use the August 24 flash crash as a gauge for designing your current portfolio--and how to avoid over $100,000 in fees.

Sep 25, 2015

Janet Yellen is now talking about an imminent raise in rates before the end of the year, citing inflation factors are rising enough to warrant it. Meanwhile, the Social Security Trustees aren't seeing any signs of inflation--in fact they're seeing enough de-flation to eliminate a Cost of Living Adjustment for 2016.In segment 2 today, Steve and Sinclair review five Fed meetings in history that had a major impact on the economy and markets, from Fed chairman Marriner Eccles in the 1930s, to Paul Volker in the late 70s, to Greenspan and Bernanke. In segment 3, CFP® Murray Titterington with IQ Wealth reviews his planning process, including the three types of planning software employed.

Sep 24, 2015

Social Security Trustees are projecting a "0.0%" Cost of Living Adjustment for 2016, while Part B premiums will rise by 50% for the top 30% of income earners. Steve and Sinclair review the reasons why and the calculations being made according to Jason J. Fichtner, a Senior Research Fellow at the Mercatus Center at George Mason University. In the Q & A segment Professor Wade Pfau, PhD, joins the A Team to review is vast work in the area of retirement income planning. He is well known in the financial planning industry for his work in the areas of safe withdrawal rates, sequence of returns risk, longevity risk, and how to plan retirement outcomes.
Read more at http://masteringmoney.moneyradionetwork.com/#5PmMtTMmLdXjePvg.99

Sep 23, 2015

When oil prices collapsed late last year, the $83 billion dollar FranklinTempleton Income Fund suffered mightily, losing more than $2 billion dollars on its energy-company investments according to the Wall Street Journal. Portfolio manager Ed Perks responded as portfolio managers at Franklin Templeton often do: He doubled down, purchasing $2 billion dollars more of energy-sector junk bonds. So far, the trade is a bust. Stock and bond prices declined further this summer as oil dropped. In August, fund investors pulled out about $1.47 billion dollars worth--the biggest departure in the fund’s 67-year history except for October 2008.

But Franklin Templeton isn't the only major bond fund holding junk. Vanguard, Loomis Sayles, Blackrock, and Lord Abbott all have added junk to their portfolios to bump up the stated yield. Here's the problem according to the Wall Street Journal--when rates rise and mass redemptions come in, these funds are forced to sell their most liquid high quality assets first, in order to raise cash. You may be thinking long term but the other investors are thinking "exit door" leaving you with a lower quality holding. In segments 2 and 3 today, Steve and Sinclair review insights from leading analysts and draw conclusions.

Sep 22, 2015

An analysis by The Wall Street Journal shows that some of the largest U.S. bond mutual funds have invested 15% or more of their money in what are referred to as “rarely traded securities”—bonds that do not trade quickly-- a practice that runs counter to long-held Securities and Exchange Commission standards. They found that many of the bonds currently being held in major bond funds could take 150 to 350 days to sell if redemptions came in heavily.

Companies operating large bond funds with more than 15% invested in bonds that trade sporadically include American Funds Inc., BlackRock Inc., Dodge & Cox, Loomis Sayles & Co., Lord Abbett & Co. LLC and Vanguard Group, according to the Journal’s analysis. In the Q & A segment, top rated real estate attorney Chris McNichol with Gust Rosenfeld of Phoenix joins the A Team to talk about investing in tax liens.

Sep 21, 2015

Shock jock newsletter writers are talking about the Chinese yuan replacing the dollar as the world's "reserve" currency. Is there any truth to it? Are we headed for the disruption of the financial world as we know it? Sinclair and Steve review some important facts and what you really need to know. In the Q & A segment, well known CFP and financial educator Michael Kitces joins the A-Team to review the actual value of Social Security payments and how "back door IRA's" work. Michael, who holds a Masters Degree in Taxation, likes the idea but also cautions about what can go wrong under the "step transaction rules."

Sep 18, 2015

According to the Wall Street Journal’s Dan Strumpf, interest-rate jitters are taking their toll on one of the stock market’s big success stories in recent years: high-dividend stocks. Double digit losses have now replaced double-digit gains of recent years. Investors plowed $48.4 billion into mutual and exchange-traded funds tracking utilities and REITs from 2010 through 2014, according to Morningstar Inc., but now, many large institutions are moving away. Learn the risks. In the Q & A segment, Neil MacNeal, whose stock split strategy has been recognized by Mark Hulbert at MarketWatch, and has doubled the Wilshire 5000 since 2000, returns to Mastering Money to talk splits with the A-Team.

Sep 17, 2015

Will the Fed raise?  If so, what happens?  Who are the winners and who are the losers? Deutsche Bank performed in depth research analyzing the history of Fed rate hikes and the consequences going back fifty years.   Here’s a preview:  over the past 35 years the market is most often up sharply—about 14 percent—heading into the rate hike, fairly flat in the 250 days after (average gain of 2.6 percent) then back to normal once 500 days have passed.  Steve and Sinclair review the many reasons why this time "is different"  according to Deutsche Bank. In the Q & A the A Team reviews a Gallup/Wells Fargo poll of investors--44% say they will "make a change" if the Fed raises. Also, 8 stocks one trader says to avoid, and record outflows at Franklin Templeton. 

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