...Is a million enough? Increasingly, financial experts are warning that a million dollars are simply not enough to retire on for an affluent couple looking forward to maintaining the same lifestyle post-retirement--with some added travel, hobbies, and potential uninsured medical issues. It’s been discussed many times in the past that hitting seven figures doesn’t guarantee a life of Riley, but now on an increasing basis, financial experts are sounding a clear warning. Low-interest rates, poor markets, political change, inflation, and rising taxes will likely cause many retirees to run short of money in their mid to late 80s. We'll explain why you need to plan ahead. Then one of our favorites--Fox Business analyst Gary Kaltbaum joins us for the Q & A. You don't want to miss today's show. 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—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!
Many people planning retirement tend to focus almost entirely on getting the greatest return possible in the shortest period of time in the stock market. The problem is that it can push retired investors toward riskier momentum stocks at exactly the wrong time of their lives. We all want higher returns on investments but those gains can be temporary. The decision on how you will pay yourself a monthly retirement paycheck, PERMANENTLY, is even more important! Get it right, and you're on our way. Get it wrong, and you have a problem! Today, we'll compare popular income replacement strategies including the Systematic Withdrawal approach and the "Segmentation" or Bucketing approach. You don't want to miss today's show... MASTERING MONEY is on the air!
It’s almost a certainty that in the decades ahead taxes will RISE. The specter of that becoming reality is why many people start contributing to Roth IRAs, or even more proactive—converting current traditional IRAs INTO ROTH IRAs. But there are consequences. And that’s what leads to the question: Should You Start a Roth Conversion …..Or Not? There are several rules of thumb that CPAs point out. We'll review those today, and then hear directly from a CPA with a Masters Degree in Taxation, Nick Stefaniak. An informative show you don't want to miss, MASTERING MONEY is on the air!!
Strenuous, stressful work can wear people down and damage their health. In that case, RETIRING can relax and reinvigorate their lives. They finally have time to follow their passions and pursue activities that enrich their lives. But for others, the risks of retirement can involve bad health and even early death, says the Wall Street Journal. Although you might think that retiring would give a person more time to go to the gym, watch their diets, take longer walks, and work on their physical fitness, the opposite often occurs. Many retirees I become sedentary and watch too much TV. They eat too much. They drink too much. They smoke too much. And, sometimes, they die too soon. Researchers find that without the purpose of fulfilling work, many retirees can feel adrift and become depressed. We'll review the Journal's statistics on retirement that may SHOCK you! Then health insurance expert Shelley Grandidge joins us for the Q & A. Don't miss it...MASTERING MONEY is on the air!!
Market timers would have you believe that they can make you rich by jumping in and jumping out of stocks just in time, based on charts. But on the list of the richest billionaires in the world, there are no market timers. The third richest man in the world is Warren Buffett, who built an empire around blue-chip stocks, competitive companies, value, and dividends. So, what IS a blue chip stock? The joke on Wall Street is that any stock that goes UP is a blue-chip stock! Today we'll seek to define what a Blue Chip stock is in this fast moving market, then Steve has some planning insights especially for women, who may spend ten to fifteen years living on their own one day. This is an important show you don't want to miss. 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, 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!
Wall Street has long promoted keeping 60 percent of your money in stocks and 40 percent in bonds as the ultimate retirement strategy, claiming an average of 8 percent returns over time. Is that figure reliable, or is it just sloppy advice in light of today’s high markets and historic low-interest rates? Brett Arends of the Wall Street Journal performed in-depth research to determine the viability and effectiveness of the 60-40 portfolio over the past 80 years. His findings? Except for two periods of dramatically declining interest rates, the 60-40 portfolio is in his words is "full of holes." And today with bond rates so low, the risk of income shortfall from a traditional portfolio has never been higher according to Ernst & Young. Today, Steve will review exactly why your bond funds are at risk, and how quickly a retirement portfolio could be hurt if both stocks and bonds fall at the same time--which is a distinct possibility! You don't want to miss today's show...MASTERING MONEY is on the air!!
Remember When a Half Million or a Million dollars in a 401(k) Meant Your Money Worries Were Over? Once upon a time achieving the million dollar milestone meant you could install the hammock on the front porch of your oceanfront property! Not so much today! In fact, statistics show that there over fourteen million households with a net worth of more than a million dollars and guess what their number one fear is? Running out of money. Today, we'll explain why the worry is not illogical or irrational. The math is a bit more worrisome than Wall Street brokers might have you believe. Then Steve will lay out the steps of putting a firewall between your income and growth capital so that you can actually STOP WORRYING about running out. A great show today that you don't want to miss...MASTERING MONEY is on the air!
An annuity is an agreement with a licensed, regulated, and audited life insurance company to guard your capital, pay you interest, and pay you income for a lifetime, like a pension. In fact, most annuities being acquired today by retiring professionals are for that very purpose—to lock in-- and secure a safe, passive income in the range of five to nine percent for life, depending on age and deferral period. Annuities are now in demand for Rollover IRAs from 401ks. The reason is pretty clear--smart, logical people want to avoid being wiped out by the next market crash, and they want the safe, steady permanent income that only an annuity may provide. We have a mini-course on annuities today, then health insurance expert Shelley Grandidge joins us for the Q & A. You don't want to miss today's show, MASTERING MONEY is on the air!!