How to make it, spend it, and invest it

Mastering Money

Mastering Money is hosted by Certified Income Specialist™ Steve Jurich. Steve’s comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Ken Morgan as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Also, an encore show at 6pm PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!

Once upon a time, the idea of being a millionaire was seen as the ultimate pinnacle of financial success. It meant you had made it—with no worries about ever running out of money. Somewhere along the way, something happened. Today, a million dollars is still a lot of money, but we have all seen how fast it can get cut in half by a poor market followed by a recession.  Today on Mastering Money, we wondered if you were curious about just how many other people in America have amassed a million dollars?  Steve and I will take a deep dive into reliable estimates of the number of millionaires in the USA, as well as those with two million, three, four, five,  and ten million dollars America today.  Then Steve answers some tough questions on how to build retirement wealth, the SMART way. MASTERING MONEY is on the air!!! 

Dividend Aristocrats are large cap, blue chip companies from many different industries that have all demonstrated a healthy balance between capital growth and dividend payouts. The S&P Dividend Aristocrats Index has outpaced the S&P 500 over the past decade. According to S&P, Dividend Aristocrats generated an annualized return of 16.6% over the past 10 years, topping the S & P’s 15.1% return. Dividend Aristocrats are companies that have raised dividends a minimum of 25 years. Today in the Market Intel segment, we’ll define the differences between Dividend Aristocrats, Champions, Contenders, Challengers, and Achievers–and reveal insights on the Black Diamond and BLUE Diamond Dividend Growth Portfolios. MASTERING MONEY is on the air!!

With the stock market so unpredictable, and interest rates so low, retirees and those nearing retirement are left with fewer and fewer investment choices. Retirees naturally gravitate to safer investments in retirement. It can be said that doing so is a sign of intelligence because the idea of starting over or losing ten years of savings in a matter of months makes no sense at all past the age of fifty.  After the huge market swings in December of 2018 and again in May of 2019,  many investors have confirmed what they already knew. Their risk tolerance and time horizon are no longer the same. The demand for a safe asset that pays far more than a bond or bank account, and that can share in market-linked gains without any market losses is rising in demand. Today, we’ll define exactly what a Next Generation Fixed Index annuity IS, and what it can DO for your retirement. You don’t want to miss today’s show, MASTERING MONEY is on the air!!

…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!!