Everyone knows how Social Security works—the longer you wait to start the income, the higher your future and permanent income will be when you finally turn it on. Your future income rises mathematically by a factor of five-point two-five percent until full retirement age, then eight percent a year until age seventy. You might think that most people wait until they can get the highest income by putting off Social Security Benefits until age 70. But statistics show that over NINETY-EIGHT PERCENT of Americans start their income much sooner! Is that a smart idea, or not so smart?
Statistically, most of the serious accidents-- and even the deaths that occur on mountain climbing expeditions--happen NOT on the way UP, but on the way back down. Ask any mountain climbing expert, they'll tell you: Coming down is much more treacherous than going up. … And the higher the mountain the more dangerous the descent. When it comes to your investments and the four phases of your financial life, it’s very similar. You've been on a long ascent UP the mountain, financially speaking. It is known as your ACCUMULATION phase. But the higher the market goes, and the longer it lasts, the more dangerous it will be on the way down. Today, we'll show you how to retire and STAY retired. You don't want to miss it....MASTERING MONEY is on the air!!
American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind baby boomers and Generation X despite a decade of economic growth and falling unemployment. New data show that millennials may never catch up with the generations of Americans that came before them. The Fed analyzed income, debt, asset, and consumption data and found that millennial households had an average NET WORTH nearly 40% less than Gen X households had in 2001, and about 20% less than baby boomer households had in 1989. At the same ages, Gen X men working full time earned 18% more than their millennial counterparts do now, and BABY BOOMER men earned 27% more when adjusting for inflation, age, and other variables. How could this affect YOUR retirement? Stocks may not keep their values due to weakening demand and the Social Security system may deplete faster than we thought. Today, we'll review the Wall Street Journal report. That and much more...MASTERING MONEY is on the air!!!
Today with bonds paying so little, the stock market so uncertain, and pensions getting fewer and farther between, more and more retiring professionals are rolling over their 401ks into special forms of CASH BUILDING, INCOME PAYING annuities to stay in control of their money—and to put a FIREWALL between them, and the next bear market.The annuities of old are a thing of the past. They have been revamped, made more safe, the income is higher, and many of the newer indexes have no caps. You can avoid all market losses, while building pension-like income that you can never outlive.The income is safe and guaranteed, and can be double or triple that of quality bonds! Why RISK your retirement nest egg when you don’t have to? Today, Steve will reveal exactly which annuities are best for 401k and IRA rollovers, and how to allocate your retirement portfolio to win in 2020! A fact filled show you don't want to miss MASTERING MONEY is on the air!!
The Wall Street Journal reports that Baby boomers are getting ready to sell ONE QUARTER of America’s homes over the next two decades. The problem is that many of these properties are in places where younger people no longer want to live. Analysts are saying this could be one factor leading to a real estate glut in senior communities. On the weekend Sun City opened in 1960, says the Journal, cars were backed up for 2 miles as some ONE HUNDRED THOUSAND visitors waited to gawk at a village built specifically for adults over the age of 50. Today, Sun City is a nice town, but like so many Sun Belt senior living cities, supply has increased and demand is falling. Today we'll review a time Wall Street Journal real estate analysis, then mortgage expert Mitch Boxberger joins us for the Q & A. Don't miss today's show, MASTERING MONEY is on the air!!!!
Smart investors are always looking to get ahead of the crowd if they can, and--as we gaze into the 2020 crystal ball, there may be some very serious reasons we can see which could move the market can move upward once again, including the newly signed USMCA and a surprisingly cooperative Federal Reserve! It also looks good for a market phenomenon known as the JANUARY EFFECT, which we will touch on today. If you are looking for a nice solid entry point for stocks, you could be looking at it right now. Steve will reveal which stocks are in very good position to take advantage of right now, plus tips on allocation. This is an educational and timely show you DON'T want to miss.... MASTERING MONEY is on the air!!
During that time of year when all through the house… not a creature is stirring, not even a mouse… the stock market sometimes takes a nice little sleigh ride—upward. It is a phenomenon known as the Santa Claus rally. But just what is it, really? The term "Santa Claus rally" describes a sustained increase in the stock market that may typically occur in the last week of December through the first two trading days in January. There are numerous explanations for the causes of a Santa Claus rally including tax strategies, a general feeling of optimism and happiness on Wall Street, and the investing of year-end bonuses. Whatever the reason, we'll give you the statistics on how the Santa Claus rally has fared over the years, and it may shock you! Then Medicare and Health insurance specialist Shelley Grandidge joins us. A fun and fact-filled show today that you don't want to miss...MASTERING MONEY is on the air!!
Recently on Mastering Money we’ve covered two unique market anomalies known as the Santa Claus Rally and the January Effect. These are trackable short term events that happen most years in the markets for reasons that are fairly logical. In fact, from 1928 through 2019, studies show the S&P 500 rose 63% of the time. There are several reasons why it may happen--we'll review those reasons --but mainly we will examine four major economic reasons which include the surprise signing-into-law of the job-creating USMCA with three other factors. Learn why even some of Trump's biggest critics are saying that 2020 is shaping up like a very good year for the market. Get the market intel YOU are looking for today...MASTERING MONEY is on the air!!
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, featuring top market experts and heard by millions of listeners coast to coast—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 money-making and money-SAVING ideas from Steve you won't want to miss! -- MASTERING MONEY IS ON THE AIR!