Until just recently, self-driving cars have been the center of attention, but self-driving TRUCKS could soon be cutting into the livelihoods of nearly two million American truck drivers. Steve and Sinclair have the fact-filled report... then CPA Nick Stefaniak is in the house to talk about taxes, taxes, and more taxes!
In 2001, total employment at computer and electronic firms in the United States was 1.87 million people. As of August 2016, after tech giants like Apple, Alphabet, Uber, and Amazon have exploded in market value and made their CEOs rich, total employment for all U.S. tech firms had fallen to 1.03 million people. Machines are taking jobs and Bill Gates says another 45% of jobs that people do today, will be gone in nine years. Steve and Sinclair are here to cheer you up with a startling Wall Street Journal report.
Gary Kaltbaum will be here to discuss winners and losers under Trump, but first, What do you do if you inherit a Roth IRA before the age of fifty-nine and a half? What about a traditional IRA? Does it matter how old the original IRA owner was? And, why do so many inherited IRAs run the risk of having to pay the 50% penalty when parents pass away near Christmas? Steve and Sinclair have the details!
Which way will the dollar go under Trump--stronger or weaker. Most of us seem to want a strong dollar, but in the global economy, a strong dollar can be a bad thing for U.S. stocks. Steve and Sinclair review a Wall Street Journal report. Then Steve clears up confusion on 3 key annuity misconceptions.
Christmas is coming, and in the past few years, lab-grown diamonds have become indistinguishable from natural diamonds to the naked eye and are growing in sales. Even jewelers can no longer tell the difference without advanced equipment. Will diamonds become too plentiful and will their price plunge? Steve and Sinclair have the Wall Street Journal report.
Will you receive as much income from Social Security benefits as the taxes you’ve paid in? Find out the income threshold AND "sweet spot" where you are most likely to get much more in benefits than you paid in taxes! Steve and Sinclair have the Wall Street Journal update on new laws beginning January 1 of 2017. Then estate planning attorney and MBA Richard Dwornik with intriguing case studies of spendthrift provisions for today's up-to-date living trust.
This year on Wall Street, just five stocks have been responsible for 81% of the gains in the Dow Jones Industrial Average! Find out which five, and if you should buy any of them. Steve and Sinclair have the Wall Street Journal report. Then Steve explains how premium bonuses REALLY work on today's newer versions of low-cost retirement annuities being used in 401k rollovers!
According to Morningstar, the 401(k) was “invented by accident” --as a clause inserted into the tax code in 1978 to clear up the tax status of profit-sharing plans. Then it morphed into a savings plan when companies decided to get out of the pension business--which they have done in droves. Learn why fees are still high on many 401ks--and why many retiring professionals are rolling over portions of their 401ks into a very specific type of annuity, with no annual management fee.
Computer hackers from Russia and North Korea are going after high-profile celebrities, corporations, and the records of millions of employees at major corporations. Even the Twitter account of Mark Zuckerberg got hacked this past summer--and guess what-- it could happen to anyone who has had a Linked-in or MySpace account-- according to experts. Steve and Sinclair have the Wall Street Journal report. Then Reverse Mortgage Specialist Wendy Hartzler with First Bank is here to discuss reverse mortgages.
Remember the racehorse California Chrome? You thought he retired, but guess what? He's still making millions--and not as a stud. Steve and Sinclair have the Wall Street Journal report on this elder gent that will retire as the highest earning racehorse in American history--but only when HE's good and ready!!