Aug 21, 2015

The market is getting rocked in August as China's woes go global. Not missing an opportunity, shock jock newsletter writers are talking about the Chinese yuan replacing the dollar as the world's "reserve" currency. Is there any truth to it? Are we headed for the end of the financial world as we know it? Learn what's really going on.  Sinclair and Steve review some important facts and what you really need to know.  In the Q & A segment, national blogger and well known CFP® Michael Kitces, who holds a Masters Degree in both Financial Services and Taxation, joins the A-Team to review the actual value of Social Security payments and how "back door IRA's" work. The back door IRA can work but Michael points out what can go wrong under the "step transaction rules."