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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!

…What the HECK happened to the stock market on the Thursday and Friday before Labor Day weekend?  Was it a normal selloff after a big run up? Or, did one big trader– and perhaps a group of traders–purposely collaborate to send the NASDAQ, S & P, and DOW down a few notches?  The answer–surprisingly– may be found in SINGAPORE! The rapid pace of growth in August , especially for the NASDAQ, had many of us wondering when we might see a pull-back. Well, we got it!  And the world did not end. But with this little episode out of the way, what’s ahead for the market and how do you play it for profit, while protecting yourself? Today, Steve and I will review the details of the Labor Day plunge– and how you should be allocating your money for the election and thereafter. This is a 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, featuring timely insights from 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 to help you INVEST SMARTER–plus money-making and money-SAVING ideas from Steve you won’t want to miss! –it all starts NEXT… MASTERING MONEY IS ON THE AIR!   

Historically, we’ve always referred to the traditional sources of retirement income as a three-legged stool, composed of: 1. Government entitlement programs (Social Security and Medicare)…2. Personal savings and investments …and  3. ..Employer-sponsored defined benefit plans like pensions.  In the past, retirees could typically count on ALL three sources for retirement income roughly divided into thirds. With this traditional scenario, both the government and employer-sponsored plans were considered predictable, reliable income sources that may also be adjusted for inflation. So two thirds of your plan for retirement was set. Only one-third was the responsibility of the individual. Today, TWO thirds of the responsibility is yours, and the other leg–Social Security–is getting a little loose in the screws. Today we’ll examine how COVID 19 may affect your Social Security, and then Medicare specialist SHELLEY GRANDIDGE joins us for a show you don’t want to miss!  MASTERING MONEY is on the air!!!  

Any way you slice it, the Covid 19 stock market crash of 2020, has fully recovered. It would surprise no one to see the Dow break 30,000 soon, on its way higher. Today a person age fifty five or older has experienced three nasty bear markets and may fear another big crash, keeping them on the sidelines. Even though EVERY crash has recovered, many still fear another crash. Are we on the verge of a crash, or more market increases ahead?  Financial historians point out that market crashes, which are defined as sudden downturns of at least ten percent in one day, are fairly frequent. The good news is that financial recoveries are just as frequent! Today, we’ll examine this market and compare it to 2008 and other markets that crashed, and subsequently recovered.  Get ready for an interesting show…MASTERING MONEY is on the air!!

In a stock market rally like this, it easy to make the mistake that the only way to build wealth in the stock market is on the basis of the stock price alone. But many stock market fortunes have been built with stock splits and dividends over time. When you own shares of  a company whose stock splits, and then splits again and the share price continues to retrace its price pattern- the value of your holdings grows exponentially, even through down markets. Today, we’ll use Amazon as an example, following it from its birth as an IPO in 1997, through its multiple stock splits, and magnificent growth. Ten thousand dollars held since inception in Amazon would be worth more than 12 MILLION DOLLARS today. We’ll examine how staying with money-making companies over time, rather than frantically buying and selling,  could be your BEST path to success. Don’t miss it…MASTERING MONEY is on the air!!!

This election year is shaping up to be the craziest ever!  There is even talk of a contested election if Joe Biden doesn’t win,  and millions of late ballots coming in the mail. No one knows who will win and it is quite natural to feel like your investments for retirement are being played like a fiddle. Being frozen with fear about what-to-do with your 401k or rollover IRA is completely justified. But you can’t remain frozen in fear. You didn’t get this far in life by not having a plan and taking action. If you are stressed right now about the long term SAFETY of your money and where you will get enough income with bond rates so low, the cart somehow got in front of the horse. Your strategy has a hole in in it.  And if you don’t fix it, you may never feel at ease about where you are going with your money. Well today, we’re here to fix it with common sense solutions that you can take to the bank. It’s all about YOU and YOUR retirement…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 timely insights from 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 to help you INVEST SMARTER–plus money-making and money-SAVING ideas from Steve you won’t want to miss! –it all starts NEXT… MASTERING MONEY IS ON THE AIR!  

If you can live on your Social Security and pensions alone, and have no need for any income from your investments—ever—then you are fortunate. Most people in retirement today, however,  DO need to derive income from their investments at some point.  But even if you don’t actually WANT any income from your 401k money, the IRS has other ideas. Once you reach age 72, you are required to begin taking distributions from your investments, like it or not. With bonds paying so little and many people retiring without pensions anymore, what if Social Security goes bust? Now you know why so many smart retiring professionals are choosing NEXT GENERATION annuities to retire on!  Steve will review the fundamentals and the finer points for you on today’s show. Don’t miss it-