The rising cost of long term care policies is becoming a growing problem. Premiums are rising, benefits shrinking. Steve and Sinclair review a recent Wall Street Journal article pointing out that over 7,000 policies were bought in 2000, but last year demand had fallen to 131,000 policies. We examine and provide solutions. Hedge fund manager Jim Gentrup, CFA joins the A-Team for the Q & A in segment 3. Steve wraps up with an overview in segment 4 with a tribute to his mom.
Famous CPA and retirement strategist Ed Slott says that Stretch IRAs will be going the way of the doh-doh bird. Slott says the Stretch is not necessarily the best way to pass an inheritance anyway. Steve and Sinclair examine Slott's recommendations for IRA beneficiaries and alternatives that are superior to the stretch. Certified Financial Planner Murray Titterington joins the A-Team in segment 3 for the Q & A to review social security strategies and an interersting case study where the file-and-suspend strategy could not be used, which surprised several clients. Murray has recently achieved the FINRA recognized designation of National Social Security Advisor. Murray is one of only 7 NSSA designees in the state of Arizona and the only one in the Phoenix/Scottsdale metro area.
Should you use your trust as the beneficiary of your IRA? Attorneys say it is not advised unless you have very important wording in your trust, and certain stipulations are met. Steve and Sinclair review in segment 2. Experienced real estate attorney Chris McNichol with Gust Rosenfeld joins the A-Team for the Q & A with the inside story on a high profile property at the 101 and 201 that has been mired in controversy, foreclosures, and bankruptcy with a REIT involved. Very intriguing case and very instructive.
Barrons points out the many risk in the latest bond "fad"--unconstrained bond funds. These are bond funds that many people may own in their portfolios and not even know it. Money has suddenly been pouring into these safe sounding funds that are leveraged 6 to 1 or worse with futures derivatives and contain in the range of 40 percent junk bonds. Most are betting on a huge spike in interest rates. If the the huge spike doesn't arrive on time the bond fund owner loses in several ways: the low yields, the junk bond potential default, and the expense of hedging against an event that doesn't occur. Steve and Sinclair review them in segment 2 while Dan Shaffer of Shaffer Asset Management, a frequent contributor on Fox Business, joins the A Team for the Q & A.
Has Biogen found a breakthrough in the battle against Alzheimers? Steve and Sinclair review the recent discovery of anti-bodies that are actually attacking the disease at its source. Caution is still in the air, but it is the most encouraging drug yet say medical experts. In the Q & A, stock split expert Neil MacNeale joins the A-Team, discusses his unique formula for outperforming the S & P with shares of companies whose stock has recently split.
According to a Barron's report, Social Security has drifted into being even further underfunded than expected. The numbers are off by just a "touch": one trillion dollars off by 2030 just . The result is that the system could hit an iceberg sooner. Find out some facts about who's minding the store and how they're minding it. In the Q & A, CFP® Murray Titterington with IQ Wealth. joins the A Team to discuss the Earnings Test for income earned while taking social security, and the trap to avoid.
Road trip! Are more Americans planning to drive more miles this summer, or is the economy still too darn slow to take advantage of lower gas prices? And why have gas prices risen faster than the price of oil. Steven and Sinclair review a Wall Street Journal report on gas prices. In the Q & A, fund manager and market analyst Dan Shaffer, MBA, joins the A Team to break down what's happening with the U.S. dollar, the Euro, Gold, and interest rates.
Dr. Laurence Kotlikoff is the noted authority on Social Security. Sinclair and Steve review some of Dr. Kotlikoff's "34 Things You Need To Know", including spousal benefits and special rules for divorcees. Which method of claiming S.S. is best for you? What can you do if you have already started claiming? We dig in for answers. In the Q & A segment, CFP® Murray Titterington with IQ Wealth Advisory, LLC joins the A- Team to talk Social Security.
Got Milk? Steve and Sinclair explore what's happening in one of the key agricultural industries in the U.S., the fluid milk business. People are drinking less milk and kids are drinking half as much as the previous generations. Coca Cola is trying to make milk cool again. Will it work? Let's talk about it. In the Q & A, Jerry Brown (no, not the governor) the Public Relations director for St. Mary's Food Bank joins the A-Team. Some of the statistics for their accomplishments will blow you away. Giving a little helps a lot, even if it is one kid that gets some milk to drink or peanut butter to eat . It's cool to give and help! And Jerry is a fun interview!