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Mastering Money

Tune into one of the best retirement shows on the radio! Mastering Money is hosted by Certified Income Specialist™ and best selling author, Steve Jurich (pronounced Jur-itch). Steve is an experienced 20 year veteran of financial services and is licensed in securities, insurance, and real estate. He is a Certified Annuity Specialist® who reviews up to 2700 annuities on a regular basis. As a fiduciary, Steve’s clients enjoy access to the services of Fidelity Institutional, member FINRA, SIPC.
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Now displaying: Page 1

Dec 7, 2015

Steve and Sinclair update trends and markets, followed by a visit from gold expert Nick Grovich, who gives factual insight on the metals markets.

Steve then reviews a key element of today's investment environment: Americans are feeling poorer and it follows that their ability to keep buying stocks at the same pace may decline long term. Currently, 51% of Americans say they are middle class or upper-middle class, while 48% say they are lower class or working class. In multiple surveys conducted from 2000 through 2008, an average of more than 60% of Americans identified as middle or upper-middle class.

Using the same cross section rules in 2015, the change is remarkable. Only 1% say they are Upper class—that’s a 66% decline in what is described as a strong feeling of affluence. But inflation has stepped in: You need $2.4 million to be a "1980 millionaire" and $5.1 million to be a "1960 millionaire. A million no longer buys what it once did. What will it buy in 20 years?

As an investor, no matter what YOUR net worth is, even if you are in the top five to ten percent in net worth, you must pay attention to the rest of Americans. Today, 70% of Americans make less than $50,000 a year, with less than $50,000 in savings. Although the reported unemployment rate is "low", low paying service jobs dominate, and the idea that young Americans can expect 30 years of high paying work, a big 401k and a pension, is out the window. Steve points out that this is an excellent time, while the market is near all time high's, to determine how you want to manage your money going forward. How much of it do you want protected from market declines at all times? Some of it? None of it? Most of it? Or, all of it?