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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!

Over seventeen trillion dollars worth of government bonds are now paying NEGATIVE interest rates. Those rates are driving U.S. rates down, with numerous negative consequences. The main one is that retirees who want to tone down the risk in their portfolio and focus on safety and secure income can no longer turn to bonds. This is leading to increasing demand for dividend GROWTH stocks–stocks that RAISE THEIR DIVIDENDS every single year. Today on Mastering Money, Steve will demonstrate how a stock whose PRICE declines by thirteen percent over ten years can still realize a positive return over six percent because of reinvesting RISING dividends.  Learn how a declining market may actually HELP you build more wealth for the future than a rising market. Don’t miss TODAY’S show. MASTERING MONEY is on the air!

When five hundred point swings become the norm in stock markets—and where TRILLIONS of dollars of retirement money are at stake—it’s not surprising to learn that many retiring professionals are suddenly seeking to focus more on income and preservation, rather than taking further risks in an attempt to build their pile.   One day, the market reverses.  …It isn’t a matter of IF, but WHEN.   Where do you want YOUR life savings when it finally occurs? What level of risk are you willing to accept with the only retirement money you’ll ever have?  Today, we’ll zero in on specific planning and allocation strategies designed to protect and even benefit from a market downturn. The objective: permanent financial peace of mind!  A great show for you today, MASTERING MONEY is on the air!!

SO,  “when IS the best time to take Social Security?”  Should you take it early, later, or right at Full Retirement Age? Is there a sweet spot where you beat the system at its own game?  Entire books have been written on the topic, and there are many seminars on the topic going on almost every day.  Most of the confusion about when to take Social Security income centers on SPOUSAL benefits. Today, Steve and I will review the new rules of Social Security claiming and outline a circumstance when it makes sense for the younger spouse to start benefits early. Then health insurance and Medicare expert Shelley Grandidge joins us for the Q & A. A fact-filled show you don’t want to miss…MASTERING MONEY is on the air!!!

Over the past few years we’ve seen a lot of publicity and news about the advent of the “robo advisor.” These “robo advisors” are not like the robots that can clean your house or perform surgical procedures. The term  “Robo advisor” is probably a misnomer. The accurate description would be a  “low-cost, automated asset ALLOCATION program.”   A robo allocation system creates an asset allocation from data it is fed by humans. It then makes trades via algorithm. Ironically robo advisors base their allocations 100% on past performance and  thirty year AVERAGES from the past! The problem: A thirty year average could be meaningless when it comes to navigating the NEXT five or ten years. We’ll review what you need to know, and then mortgage expert Mitch Boxberger joins us for the Q & A to discuss refinancing at lower rates and reverse mortgages. Don’t 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 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 a  timely financial update from Steve you won’t want to miss! — MASTERING MONEY IS ON THE AIR!

Question: do the rich GET rich at the expense of the poor? Many people believe that the rich ONLY become rich at the expense of OTHERS. This world view is called “zero-sum thinking” because its adherents regard economic life as a zero-sum game, just like tennis, where one player has to lose for the other to win. Dr. Rainer Zitelman, writing in Forbes pointed out the flaw of zero-sum thinking. Zitelman was awarded his first doctorate in 1986 and his second Ph.D. in 2016– and has written 22 books. In Forbes, Zitelman recalled the German poem: “Said the poor man with a twitch: Were I not poor, YOU wouldn’t be rich.” Today, we’ll explore how Zitelman blows up that myth in a special evidence-based report you don’t want to miss. Then Steve reveals cutting edge tips for building retirement wealth the SMART way. …MASTERING MONEY is on the air!

As an investor, are you looking for ways to beat the market? If so, you might want to take a look at medical device stocks. According to our friends at the Motley Fool,  the Dow Jones U.S. Select Medical Equipment Index, which tracks the performance of U.S. medical device stocks, has delivered a total return more than 60% greater than the total returns of the Dow Jones Industrial Average and S&P 500 indexes over the last 10 years.  Analysts forecast a 29% average annual growth rate in sales and revenues over the next ten years. But you need to know what you are doing before investing a penny. We’ll review those pointers today, and then we’ll talk with an Arizona real estate developer whose projects have averaged double digit returns, secured by real estate.  This is a show you don’t want to miss, MASTERING MONEY is on the air!!!

As you get closer to the day when your salary goes away… and everything you’ve accumulated up to this point has to be the source of ALL your future paydays… your decisions need to become more accurate. You can’t afford the mistakes you made thirty years ago.  On an increasing basis, the news literature in the financial world states that you will need more than a million dollars to retire and to make sure you don’t go broke.   A million is a nice sum of money, but unless you properly diversify, allocate, and conserve it, you run the risk of seeing it get cut in half by a combination of market declines, income withdrawals, RMDs, taxes, politics, fees, inflation, and poor timing when it comes to retirement. Today, we”ll tell you the story of Doug and Diane, who found out the hard way. Then Medicare Specialist Shelley Grandidge joins us for the Q & A. Don’t miss today’s show  MASTERING MONEY is on the air!!