We’ve all heard the rather arrogant old billionaire who hates annuities and thinks you should too! It must be nice to be a billionaire, and not ever have to worry about things like guarantees, safety of principal, protection from market crashes, and protection for heirs. The truth is, annuities aren’t made for billionaires, and no billionaire can truly understand why, when planning for thirty years of retirement, you would want actual guarantees of principal and income in your financial plan. Today, we’ll define and clarify exactly why the billionaire is simply wrong, and which types of annuities are the most effective. If you are a non-billionaire, you don't want to miss today's fact-filled show. MASTERING MONEY is on the air!!
Are You an Investor…. or a Gambler? Imagine this scenario: you’ve just flipped a coin in the air 10 times, and somehow, all 10 flips came up heads! Now, if you were asked to say which side, heads or tails, had a higher probability of coming up on the 11th flip, what would you say? If you’re like most people, you would immediately respond that tails was more likely on the next flip.
…But you’d be wrong! That's because the probability of getting either heads or tails on the 11th flip is exactly 50%, just as it was on the previous 10! No matter what flip you are on, your chances are still 50/50. The results of the first 10 flips have absolutely no bearing on future flips! With your investments, you can't rely on coin flipping! You need real analysis!. Today, we'll reveal two proven methods of stock analysis to avoid relying on luck....MASTERING MONEY is on the air!!
The current U.S. economic expansion is one of the longest in history--or THEE longest, depending on which expert you talk to! Either way… it's LONG! And while the next recession may not be imminent, at some point, one will happen. The smart money doesn't wonder WHEN it will happen, or HOW it will happen. The smart money PLANS for it happening and builds a portfolio that not only is prepared, but even benefits in some way when setbacks arrive. How exactly do you go about building an all weather, rain or shine portfolio. Today, Steve will lay out specific guidelines and details. This is a show you DON'T want to miss! MASTERING MONEY is on the air!
When fiascos like the 2008 crisis occur, investor confidence can hit at an all-time low and many investors wonder whether or not investing in stocks is worth all the hassle. But then they see the market come back--- and they begin to kick themselves for not staying in the game when they had the chance. The 2008 Crash proved one thing for sure: even after the “Mother” of all Market Crashes, investment money started flowing back into stocks eventually, proving that the stocks of companies with necessary products, delivering necessary services, and making sustainable profits, eventually come back in price and KEEP on growing. Why? It is a simple matter of supply and demand. Today, we'll explore a clearly defined strategy to help you build retirement wealth for the long haul. Don't miss it!! MASTERING MONEY is on the air!!
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of America’s most popular financial radio programs dedicated to the Stock Market, heard by millions of listeners—including Saturdays right here on Money Radio! After an update of the markets and today's breaking financial news stories, we'll take you to an exclusive broadcast of the Motley Fool Money Show--plus a whole lot more you SURELY won't want to miss! -- MASTERING MONEY IS ON THE AIR!
As machines get smarter, there is a persistent fear in the minds of economists, policy makers and, well, let’s face it--everybody: that Millions of people will become irrelevant-- and jobless. Bill Gates is on record saying that forty percent of ALL the jobs currently being done by humans will be obsolete, and done by robots by 2025—only seven years from now. McKinsey Company says that up to 350 million jobs worldwide will be affected. Can this be a good thing for the stock market and your investments in retirement? And what about Social Security--it's already slated for insolvency by 2034. Should you be investing for the way things are today, or the where the world is headed? You've got questions, we've got answers. MASTERING MONEY IS ON THE AIR!!
The same mind-set that works so well when people are building their nest egg can damage their quality of life in retirement. So says Meir Statman writing in the Wall Street Journal. Dr. Statman is a top professor of finance at Santa Clara’s Leavey School of Business and the author of the book “Finance for Normal People: How Investors and Markets Behave.” Imagine spending a lifetime acquiring habits that offer the promise of a longer, happier and more fulfilling life. Then imagine that in order to have that fulfilling life, you suddenly must abandon all those habits that got you there! That's one of the problems you face in retirement and today, we'll explore the right ways and the wrong ways to make your money last and help to eliminate the worry of running out of money, even if you spend a little "too much".. .Don't miss it--MASTERING MONEY is on the air.
How Much Money Will You Really Spend in Retirement and what percent of your pre-retirement income should you guarantee yourself POST retirement? Well, according to research published in the Wall Street Journa., probably a Lot More Than You Think! As Dan Ari-e-ly, the James B. Duke Professor of Psychology and Behavioral Economics at Duke University recently wrote in the Wall Street Journal, most of us vastly underestimate the percentage of our pre-retirement income we’ll need, POST retirement.. Today, we’re going to explore the results of the fascinating research and then Steve will demonstrate the formula for making sure YOU get your retirement income number right. You don't want to miss today's show --MASTERING MONEY IS ON THE AIR!!
Glenn Ruffenach, a retirement columnist for MarketWatch and the Wall Street Journal, said that 2018 was the first year-- ever--that readers overwhelmingly disagreed with him about delaying retirement benefits. In fact, many Americans are grabbing benefits at 62 because they want to make the most of their Social Security dollars while they’re still relatively young and fit. Or, as one reader put it: “You never know when your health will turn south, so ‘Spend it while you’re able’. Another consideration--you never know if Social Security will always pay full benefits. Today, we'll find out if it is smarter to take benefits early or delay, and several alternative strategies that have caught on in a big way! MASTERING MONEY is on the air!!