How well have you done with your investments over your lifetime? You've had some good years where you got twenty percent or so perhaps. But, like the rest of us, you have had some STINKERS. Most investors lose money an average of three years out ten. That's why averaging ten percent is so hard. Most investors also buy stocks or mutual funds haphazardly--without a clear strategy. That's another proven way to hurt your overall returns. How long does it take to DOUBLE your money? Using the Rule of 72, money doubles every eighteen years at four percent compounded, it doubles every twelve years at six percent compounded, and every nine years at eight percent compounded. Today, we'll review the real secrets of raising your average rate of return and how get a guaranteed bonus of ten percent on a safe fixed income vehicle, with a GUARANTEED growth rate of 7 percent COMPOUNDED. Then health insurance expert Shelley Grandidge joins us. A very timely show you don't want to miss...MASTERING MONEY is on the air!!!
Your Daily IQ Retirement Brief 7/29/22
Your Daily IQ Retirement Brief 7/28/22
Retirement is supposed to be easy. This is the time in your life when you want to start relaxing and enjoying your life. You have put in your time…you want to reap the rewards. Twenty years ago, the secret to retirement was to move half of your money to bonds paying five to seven percent…. You got the SAFETY you needed-- and typically enough interest to keep you from worrying about your money. But twenty years ago, you were likely PERTURBED because the rate on a ten year treasury was dropping all the way “down” to five or six percent! Yet the advice you get from a big-box-brokerage like Vanguard, Fidelity, or Edward Jones, is to keep buying those bonds paying the lowest interest rates in one hundred years. Today, we'll break down the risk in bond funds, and how to fix it.. Don't miss today's show-- MASTERING MONEY is on the air!
Your Daily IQ Retirement Brief 7/27/22
The smart way to build retirement wealth is with a smarter financial bucketing plan to segment and sequester your capital into clear and distinct financial buckets--each with its own specific task and time deadline. Each dollar should have a job to do, and be good at doing it. Traditionally, bonds were the tool of choice for protecting a portfolio from market loss while providing competitive income. That is no longer the case. Interest rates on bonds no longer support a secure retirement. In the Market Intel segment, Steve lays out a common sense planning solution that can help you retire and stay retired. Then, Medicare expert Shelley Grandidge joins us for the Q & A. An important show you can't afford to miss... MASTERING MONEY is on the air!!
Your Daily IQ Retirement Brief 7/26/22
Over the past century, markets have crashed A DOZEN TIMES, several times by more than fifty percent, leaving people’s finances and dreams in disarray for YEARS. Not only is money lost, but TIME is lost. It takes time to build up a nest egg. The last thing anyone wants is to START OVER in retirement. If you’ve been saving for thirty years for your dream retirement, it makes no sense to go back to where you were ten or fifteen years ago with your money. Can that happen? Well of course, it DID happen.... TWICE... in 2000 and 2008! Are we there again? This bear market is proof of why you need to keep your money in safer, smarter buckets, so that your retirement is protected, your investments are of high quality, and your income is for life. Today, we'll review exactly what to do NOW to make the most of your current retirement nest egg! A great show today you don't want to miss .... MASTERING MONEY is on the air!
Your Daily IQ Retirement Brief 7/25/22
Today on Mastering Money...It’s a MOTLEY FOOL MONDAY!! The Motley Fool Money Show is one of the most popular stock market TALK SHOWS in America today, featuring timely insights from top analysts. "MOTLEY FOOL MONEY" is heard by millions of listeners coast to coast—including Saturdays right here on Money Radio at 5pm! First we'll update breaking financial news and get a read on all the indexes, THEN, we'll take you to an exclusive broadcast of the Motley Fool Money Show, with fresh ideas to help you become a more informed investor. Steve will cap it off with proven money-making and money-SAVING ideas that you DON'T want to miss! -- A jam-packed show --and we're READY TO ROLL ! ... MASTERING MONEY IS ON THE AIR!!!