Social and behavioral scientists say that almost all of us suffer from one of two financial illusions: the wealth illusion or the poverty illusion. And, which ever one you have, will determine whether you would rather have a million dollar lump sum to retire on, or $50,000 a year for life for both you and your spouse! Let's dig into that study today by three prominent researchers, reviewed in the Wall Street Journal
Why are upscale real-estate developers suddenly offering artists free rent? The answer: they're looking to up rents by upping their "Cool Quotient!" says the Wall Street Journal. There's always been an "art scene Paradox": As a neighborhood or city known for its creative community becomes trendy, the artists who made it that way no longer afford to live there. Learn how several developers are trying to solve it. And have you ever heard of "apartment scalping"? Its going on in San Francisco and Vancouver and will be hitting 100 cities this coming year. We'll cover that and more--
Trend traders are saying that 'Trump trade 1.0 is now as "dead as a doornail.', but Trump Trade 2.0 is where the action is! Listen to what Nick Colas, Conver-gex chief market strategist has to say. Then, CNBC's Deirdre Bosa explores how automation and robotics will change the future of the U.S. workforce and perhaps the markets.
It's a Tatro Tuesday! One of Money Radio's all time favorites, Bill Tatro, joins Steve and I today to talk about Trumponomics, tax reform, and the market forecast as the Trump agenda runs head on into Congress and the looming market shutdown. We'll also hear what Larry Kudlow has to say.
...It's NOT business as usual! In his short time in office, President Donald Trump has met with 170 CEOs in charge of many companies listed in the S & P 500--of all political persuasions. Tax reform and untangling regulations has been the theme. That's more than President Obama met with in eight years. Here from one major CEO who was at the meeting this week. Plus learn about the new Ronco IPO. Then estate planning attorney Richard Dwornik clears up what happens to a person's debts when they die. Can you inherit someone else's debt? Find out.
Close to 15 million new jobs will be created in the U.S. over the next decade as a direct result of automation and artificial intelligence, equivalent to 10% of the workforce, according to estimates in a new report from Forrester Research. Those gains, however, will not come close to offsetting the 25 million jobs that technology will eliminate by 2027, Forrester predicts. While politicians focus on health care and who has health insurance, 10 million people will likely be out of a JOB who still want to work. And hear what former speaker of the House Newt Gingrich has to say about how to resolve the stalemate in Congress over health care and insurance.
Will Bill Gates's idea to tax robots gain traction not only in the U.S. but in England? It could happen! Find out why, and get an update of breaking financial news plus hands on investment ideas you'll hear more about at the upcoming Mastering Money workshop Thursday April 27 in Tempe.
In this special podcast, Steve answers many of the questions that are important for consumers to know before considering an annuity and "signing on the dotted line." Learn about the various types of annuities, what happens when you die, where you can find the most income, how to keep your money safe, and how to keep your costs very low (or even zero)