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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!

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, and 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 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 expose the problem in clear terms, then help you avoid the agony of defeat!  Don’t miss today’s show…MASTERING MONEY is on the air!!

Peter Oumanski writing for the Wall Street Journal says that  digital devices are potentially damaging your finances—but not in the way you might think. Smartphones and other gadgets allow us to follow our friends, read the news, watch a football game and even track our investments anytime. Unfortunately, people are increasingly doing all of the above within a few minutes time, rather than taking the time to truly focus on a financial plan that protects against risk while seeking gains in a prudent way.   In the past, lack of data was the problem for investors. Today, we are overwhelmed with data. Deciding what to do about is the real challenge. Behavioral scientists have demonstrated that it’s leading to poor decision-making. And it could cost YOU real money. Today we’ll define the problem, and provide clear practical solutions—with a few surprises… You don’t want to miss today’s show MASTERING MONEY is on the air!!!

As we discussed previously on Mastering Money, Wall Street is gearing up to find profitable ways to take on the issue of climate change and the emission of carbon into the atmosphere. No matter where you stand on climate change, there may  now be a BUCK in solving it, so Wall Street will not be far behind!   Rather than looking at the concept of climate change and CO2 emissions as merely political, with wild tax schemes like the green new deal, let’s talk today about real solutions occurring right now–being done by  a growing number of corporate giants using   their brains, their checkbooks,.and a profit motive. We will deliver some facts today that may SHOCK  you, and make Chuck Shumer look like a fool. Then Medicare and health insurance specialist Shelley Grandidge joins us for the Q & A. A really interesting show you don’t want to miss…MASTERING MONEY is on the air!!!

Jeff Bezos has recently committed ten billion dollars to form the Bezos Earth Fund which would help back scientists, activists, non-government organizations and any other effort that (quote)   “offers a real possibility to help preserve and protect the natural world.” In the summer of 2019, Bezos committed to replacing all of Amazon’s gas powered delivery vehicles with electric vehicles  and becoming carbon neutral as a company by 2040. Companies like Exxon and Chevron have been developing technology to REMOVE CO2 from the air. Are there investment opportunities around the corner? We’ll find out where the smart money is going, and then estate and probate attorney Libby Banks joins us for the Q & A.  A great show for you today that 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, 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!

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..don’t miss it!…MASTERING MONEY  is on the air!!! 

Retirement is supposed to be easy.  This is the time in your life when you want to start relaxing and enjoying your life. You have put in your time…you want to reap the rewards. Twenty years ago, the secret to retirement was to move half of your  money to bonds paying five to seven percent…. You got the SAFETY you needed– and typically enough interest  to keep you from worrying about your money. But twenty years ago,  you were likely PERTURBED because the rate on a ten  year treasury was dropping all the way “down” to five or six percent!   Today, a ten year treasury bond is paying less than one point seven percent!   Yet the advice you get from a big-box-brokerage like Vanguard, Fidelity, or Edward Jones,  is to keep buying those bonds paying the lowest interest in one hundred years. Today, Steve and I will break down what a huge risk you may be taking, and how to fix it. Then CPA Nick Stefaniak joins us for the Q &A to talk taxes. Don’t miss today’s show MASTERING MONEY is on the air!

Because fewer people are retiring with pensions, the demand for annuities is growing, and is likely to KEEP growing. On an increasing basis, as reported in Kiplinger, more and more retirees are choosing to include ANNUITIES as all or part of their rollover to an IRA from their 401k, 403b, or other retirement plan. There are four different types of annuities, and all four kinds are allowed by the IRS to fund an IRA. There are NO TAXES due when you roll over 401(k) funds to an IRA annuity. Unfortunately, many investors in or near retirement find themselves in non-guaranteed bond funds paying less than two percent that cannot support income in retirement, and could lose value if interest rates rise. Worse yet, the stock market could fall at the same time interest rates rise, devastating a lifetime of saving. Today, we’ll review three strategies  to double your income and eliminate bond risk. 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!!!