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!

The same mind-set that works so well when people are building their nest egg can damage their quality of life in retirement. So says Meir Statman writing in the Wall Street Journal. Dr. Statman is a top professor of finance at Santa Clara’s Leavey School of Business and the author of the book “Finance for Normal People: How Investors and Markets Behave.”  Imagine spending a lifetime acquiring habits that offer the promise of a longer, happier and more fulfilling life. Then imagine that in order to have that fulfilling life, you suddenly must abandon all those habits that got you there! That’s one of the problems you face in retirement and today, we’ll explore the right ways and the wrong ways to make your money last and help to eliminate the worry of running out of money, even if you spend a little “too much”.. .Don’t miss it–MASTERING MONEY is on the air.

How Much Money Will You Really Spend in Retirement and what percent of your pre-retirement income should you guarantee yourself POST retirement? Well, according to research published in the Wall Street Journa., probably a Lot More Than You Think! As Dan Ari-e-ly,  the James B. Duke Professor of Psychology and Behavioral Economics at Duke University recently wrote in the Wall Street Journal,  most of us vastly underestimate the percentage of our pre-retirement income we’ll need, POST retirement.. Today, we’re going to explore the results of the fascinating research and then Steve will demonstrate the formula for making sure  YOU get your retirement income number right. You don’t want to miss today’s show –MASTERING MONEY IS ON THE AIR!!

Glenn Ruffenach, a retirement columnist for MarketWatch and the Wall Street Journal, said that 2018 was the first year– ever–that readers overwhelmingly disagreed with him about delaying retirement benefits. In fact, many Americans are grabbing benefits at 62 because they want to make the most of their Social Security dollars while they’re still relatively young and fit. Or, as one reader put it: “You never know when your health will turn south, so ‘Spend it while you’re able’. Another consideration–you never know if Social Security will always pay full benefits. Today, we’ll find out if it is smarter to take benefits early or delay, and several alternative strategies that have caught on in a big way!  MASTERING MONEY is on the air!!

Reinvesting dividends is one of the most powerful tools available for boosting investment returns over time. It’s not opinion, it is traceable, trackable, mathematical fact. Without reinvesting dividends,  $1,000 dollars invested on January first of 1993 in the MSCI World Index, would have grown to $3,231 dollars by March of 2018– a 324% increase representing a 5.9% compounded return. But by REINVESTING all dividends, the same one thousand dollars would have grown to $6,416, nearly twice the amount! With dividends reinvested, buying the identical stocks, the annualized return would have been 8.3% compounded and  total return of over 640%! Today on Mastering Money, we’ll explore exactly why and how a quality dividend reinvestment portfolio can grow retirement WEALTH, often with less risk!  We’ll also see how pairing dividend stocks alongside annuities can grow your net worth! Don’t miss TODAY’S show— MASTERING MONEY is on the air!!

It is a fact: The Social Security trust funds are on a path to run out of money by 2034, leaving only new tax money to pay benefits for the rapidly growing number of retirees. The American population is simply aging too fast!  Official projections show the Social Security trust funds will run out of money entirely by 2034, at which point Social Security will only be able to pay out as much as it collects in payroll taxes.  Will Congress solve the problem? Not likely–Today we’ll explore why you need to get worried about means testing. It’s real! Then Health Insurance and medicare expert Shelley Grandidge joins us. A power packed show today!!  MASTERING MONEY  is on the air!!

Wouldn’t it be nice if you could buy the stock of the consensus best companies in the U.S., put them in a drawer, forget about them, and wake up one day tripling your original investment?   Warren Buffett once said  “My favorite holding period is forever.” In other words, Buffett has always looked for stocks classified as  “KEEPERS”–stocks you hold onto.  Markets will rise and fall, but  “keepers” keep making money in hard times,  and are often the first to come back after a downturn as institutional buyers rush in to buy quality at lower prices. Today, Steve and I will review several ofKiplingers Keepers. You’ll find it fascinating! Keep it right here–  MASTERING MONEY is on the air!

The Wall Street Journal reports that real estate is becoming a problem sector as interest rates rise. Publicly traded Real Estate Investment Trusts—known as REITS—are impacted negatively by rising rates, causing a Catch 22 for real estate trusts. The better the economy does, the higher interest rates could go which in turn could hurt real estate, and eventually, the market as a whole!! We’ll review the facts.  Then Steve lays out 3 key guidelines for building retirement wealth with Outcome Based financial planning. You sure don’t want to miss today’s show— MASTERING MONEY is on the air!!

…It’s a MOTLEY FOOL MONDAY!! The Motley Fool is one of America’s most popular radio programs dedicated to making money in the Stock Market. It’s been heard by millions of listeners over the years, now you can hear a special broadcast of the Motley Fool every Monday on Mastering Money right after an update of late breaking financial news…it’s a power packed show today that you don’t want to miss…MASTERING MONEY is on the air!