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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!

Everyone knows how Social Security works—the longer you wait to start the income, the higher your future and permanent income will be when you finally turn it on. Your future income rises mathematically by a factor of five-point two-five percent until full retirement age, then eight percent a year until age seventy. You might think that most people wait until they can get the highest income by putting off Social Security Benefits until age 70. But statistics show that over NINETY-EIGHT PERCENT of Americans start their income much sooner!   Is that a smart idea, or not so smart?   Today, we’ll outline the circumstances when taking your Social Security a bit early can but extra dollars in your pocket, then Steve has specific tips on how to build retirement wealth the SMART WAY… MASTERING MONEY is on the air!!                

When the U.S. Congress passed the Revenue Act of 1978, it  resulted in the first , which took the costly burden of financing retirement pensions off of the backs of employers and onto the backs of employees. At one time, over 80 percent of workers retired with a pension. Today less than 18 percent of American workers have a pension in place.   And if many companies get their way, they will be carrying fewer and fewer pensions as time goes on. Many pensions are underwater or will be because of the lowest interest rates in U.S. history on bonds, causing pension plans to take more risk. We’ll explain why its happening and what you should do if you are offered a lump sum. Then Fox News Contributor Gary Kaltbaum joins us for the Q & A.   A great show you don’t want to miss MASTERING MONEY is on the air!

Although many people don’t think about owning life insurance, many, many people do. Life insurance has evolved from just a few  choices in the old days, like whole life and straight term, to more advanced and flexible forms of Universal Life insurance which can be tailored to fit your needs for tax advantaged  retirement income that does not trigger taxes on Social Security, leaving a tax free legacy, and tax planning goals.  Unlike the policies of old, today’s next generation of cash value life insurance can deliver the goods on multiple benefits with the same dollar. For example, quite a number of cash value life insurance policies on the market can double as a LONG TERM CARE funding vehicle. You get triple the benefits with the same insurance dollar. Today we’ll review these policies and show you why many people are converting IRAs to tax free life insurance, rather than ROTH IRAs.  An important show you don’t want to miss  MASTERING MONEY is on the air!!!

The investment community and the financial media tend to obsess over interest rates—which represent the cost that consumers and corporations PAY for the use of someone else’s money. Why is it such a big deal?  Well, if you understand how interest rate changes ripple through the economy and cause major, trillion dollar mutual fund companies to buy or sell things, you will be more clear on what is making the market tick.   You or I can’t possibly keep up with robotic, computer-driven models used by the major mutual fund managers. They have responsibility for more than fifteen trillion dollars in the market . …And .their jobs DEPEND on staying a step ahead of YOU! Today we’ll show you how to get that step back!!   Then, Estate and Probate Attorney Libby Banks joins us to reveal  how to choose beneficiaries under the new Secure Act. Don’t miss it!  …MASTERING MONEY  is on the air!!!

The investment community and the financial media tend to obsess over interest rates—which represent the cost that consumers and corporations PAY for the use of someone else’s money. Why is it such a big deal?  Well, if you understand how interest rate changes ripple through the economy and cause major, trillion dollar mutual fund companies to buy or sell things, you will be more clear on what is making the market tick.   You or I can’t possibly keep up with robotic, computer-driven models used by the major mutual fund managers. They have responsibility for more than fifteen trillion dollars in the market . …And .their jobs DEPEND on staying a step ahead of YOU! Today we’ll show you how to get that step back!!   Then, Estate and Probate Attorney Libby Banks joins us to reveal  how to choose beneficiaries under the new Secure Act. Don’t miss it!  …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

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

Since the summer of 2019, there has been a rising trend among large companies to offer BUYOUTS of pension benefits, which can result in a substantial lump sum to a person on the verge of retirement–maybe you.  So, if you’re faced with the decision,  which is better: Taking the buyout or staying with the pension and hoping the company will never reduce your benefits?  In October, General Electric—once  a FINANCIAL GIANT in the economy — became the latest U.S. company to announce major changes to its defined benefit pension plans. GE  announced it would be FREEZING benefit accruals for approximately 20,000 active employees! It further said it would be offering lump-sum buyouts to about 100,000 FORMER  employees who have not yet begun their pension benefits!  You may be shocked to learn what world famous CPA Ed Slott has to say about which is better, the lump sum or the pension? We’ll review Mr. Slott’s insights and then mortgage expert Mitch Boxberger joins us for the Q & A.  Don’t miss today’s show, MASTERING MONEY is on the air!!!