35 Burst results for "401K"

The stock market has fully rebounded since its collapse in the Spring

Clark Howard Show

06:13 min | Last month

The stock market has fully rebounded since its collapse in the Spring

"I think about over the years. How I never for a long long time ever took any kind of question about investing. We're not an investing show. But over the years gradually, there's been more more people asking me things about Roth IRA's 401k's that sort of thing as people who were never. Focused on the stock market or investing heaven forced to as employer pensions have generally vanished and so people who are not interested in it particularly studied for it are left having to understand enough. To protect themselves building towards financial future. And so a time like right now can get extremely confusing. So we're in the middle of a pandemic. We're in a recession. We been through a time period over the last five months where fifty million of our fellow Americans have fazed at least some time and unemployment we continue today with. Tens of millions still in unemployment people whose job situation has been unstable where they are employed on an. Employed again maybe facing another wave of unemployment. How in the world? In the midst of this could the stock market have cratered when the pandemic started? And now is it all time record highs? In addition. Apple. First Company I guess ever in history anywhere on earth to hit a value of two trillion dollars. I mean that's unbelievable. That's two thousand billion dollars in value. For one company. Well. I want you to drill down on this and understand how it affects you and your wallet. A lot of people are nervous. who have seen their accounts recover but still nervous like is another shoe going to drop. So it is normal with investing. The markets go up and down routinely over time. The recovery in the midst of a recession. Is By itself not unusual many times. The stock market is a leading indicator of where we're headed and remember the corona virus recession. Was Not a recession because of underlying problems with the general economy. It was because of. Health related problem that caused the unemployment and the recession that we're in. So the underlying fundamentals are sound. As for the values being assigned to stocks right now they are normally. So I would not say that this is a bubble. But I would say that stocks are overvalued. Let's say I'm right. What difference does that make to you? If you're putting money in a 401k. or a Roth IRA or something like that. If, you're well diversified in the fun choices in their urine, the target retirement fund choices you're in. Various index choices and you're building money every pay period or every month, and you're building towards future down the road then whether the market is overvalued today, even if some stocks like a tesla are in a bubble. It is insignificant and unimportant for the glide path you're on. So don't let the noise. Of. A market being good or bad. Change, your path if you were well diversified and by being well diverse by being a target retirement fund by itself is an example of you being well diversified with your money spread out across the economy various sectors. Typically thousands of stocks. And other alternative types of things to stocks, the simplest and the least Thing that would be alternative binds many times her in target retirement funds. If. You're in index funds you own. typically five hundred to three thousand stocks and so your money is spread out. I will tell you though, right. If you're an individual investor buying individual stocks. Including all the newbies on Robin Hood. Know that your buying and selling of individual stocks. Is. A? Riskier? Endeavor And a lot of people doing Robin Hood. Is I've been reading or even doing things like. Trading. This is very, very risky to you. And it is not the basis of where your financial life should be built I. Mean you can do whatever you want. I'm just telling you. It's more risky so. No also, there's a big concentration. In the run-up and stocks in a tiny number of high tech stocks plus, Tesla. And so it means that these stocks are priced for perfection. Plus. So. Do I think there could be a correction coming? Of course, there's always correction in the stock market. Do I think there could be a bear market in our future. Yes. But there's nothing imminent. That says something like that is going to happen. It happens typically when we least expect it. So steady is you go with clear goals in mind Is Key to your financial future and security.

Robin Hood Roth Ira Tesla Apple
Insights on Financial Planning for Millennials in the Era of COVID-19

Manage Your Damn Money: The Podcast

03:35 min | Last month

Insights on Financial Planning for Millennials in the Era of COVID-19

"Are some of the things that you're revising people? What are your thoughts around? You know tips for managing your money during this financial crisis that we're having right now? Yes. So again in the very narrow lane of being geared toward millennial. So folks in late twenty s early to late thirties We're we're we're really talking a lot more about like security and you know the fact that like we as millennials aren't super unique position that we live through what we thought at the time was once. In a lifetime financial crisis in two, thousand and eight. So you know a lot of us like myself and my clothes Ben graduated into that two thousand, eight financial crisis world where you know you got a person who's just now graduating from college with zero work experience and a bachelors degree. Competing for jobs against somebody's got ten years of work experience in A. PhD for the same position. Right that was like a mind blowing time and we thought that once we got to the other side of it. It would be something that we could talk about in the past in the rear view mirror and it would be something that like remember that time when dot dot dot. But here we go. Again, you know ten years later let's call it where all of a sudden we're in the middle of a health prices that turned into a financial crisis in the folks who were talking about were literally just now starting to get on solid ground, right? It took five six seven years on a lot of cases for folks to kind of find their footing and like feel like they legitimately had a handle on their finances and so a lot of the stuff that we're talking about now as pertains to millennials is about security. So like that Emergency Fund that you hear about the folks are supposed to. Have three to six months save depending on whether you're a single a couple, and if you're a couple whether the other person in the household has an income to. So those kind of things are the conversations that traditionally nobody wants to hear about it because it's not exciting it's not sexy is like oh you tell them me to save more money. Okay. I don't WanNa do that. But why people are like well, how do I do that Emergency Fund thing. I do I know if I have enough how much is enough like those kind of things of the conversations that are coming up a lot more now separate and apart from that for the folks that. You know they're high earning millennials what we in my business referred to his Henry's high earners who are not rich yet. For those people, there's opportunities to be strategic about how they approach the market and what is happening right now and one of the pieces I just recently wrote for business insider was about ways that hiring millennials can take advantage of the next financial downturn in one of the ways that that I mentioned in. There was having some cash available for when the market does fall again, like it did in March of of this year. So that means getting your 401k contributions into your retirement. Plan earlier than December because normally the way you allocate percentage of your paycheck to your 401k plan at scheduled out so that by December it all gets there but if you accelerate those payments now to make sure that you get the cash in there earlier today you might have an opportunity to take advantage of a down market. If one presents itself at some point, you know later this year heading up to the election. So things like that that a tactical simple that you can, you can take advantage of. Are a lot of what we spend time focused on.

Emergency Fund BEN Henry
July Mailbag with Jason Moser

Motley Fool Answers

44:21 min | 2 months ago

July Mailbag with Jason Moser

"The. Multiple answers I'm out Southwick and I'm joined, is always by broke camp. Personal Finance expert here at the Motley Fool. Hey, BRO, well! Hello Alison. It's the July mailbag where we answer your questions and this month it's with the help of multiple analyst Jason Moser. Should you buy a house now? What is modern portfolio theory and also here Jason's thoughts on a lot of stocks all that and more on this week's episode of Molly fully answers. Jason thanks coming back. you know I mean i. told you you invite me. I'M GONNA. Be here every single time. Thanks for having me back. I mean we appreciate it because we know you're a busy man, and so we do appreciate that you carve out time for us in our little show, don't. Always always make time for those important people in my life rule number one make time for allison and Bro I love. It sounds like a good one to me. Everybody wins. All right well, I guess we should just get into it, so the first question comes from Darren I've subscribed to the full for over a year and I'm really pleased with the service. I would like to know your thoughts about my holdings in Shop Affi- I've bought several times over the last three years, and it's now over thirty five percent of my portfolio and I. Don't know if I should continue holding or trimmed down. What would you advise a good problem to have I was gonna say that exact same thing? That's a good problem have? In a very glad, you have subscribed to our services in your really pleased. That's that's what we aim to to do. We aim to please help you make money and so yeah. This is one of those situations that we will find ourselves in from time to time as investors. A nice problem to have but something you do need to address at some point because it is going to be a little bit different for everybody. In so coming from the perspective of I, also own shop, a Fi stock in it's it's a wonderful investment. It certainly is taking up a bigger. Part of my portfolio a not at thirty five percent where you are. I think for me. It really does boil down to. That sleeping at night test in other words, you need to be able to go to sleep at night without worrying about this kind of stuff, and if you feel like shop, a Fi represents too much. Of your portfolio if you feel like you're overly allocated their, then, you may need to consider pulling it back a little, but now I mean it's. It's I think it's always important. Note you know. It's a big difference between building up a position buying a position to make this size to make this type of allocation in your portfolio. It's another thing entirely to have position grow into beat into becoming that size i. mean that that is that is in a little bit of a different dynamic there, so people all the different ways, some sometimes folks will, they will just sort of looking at it from the house money, concept or you. You just sell enough shares to recoup your initial investment, and then you let the rest of it go. Some people are perfectly fine with thirty five percent. Some people are not. They want a pair back so i. do think you need to kind of figure out what helps you sleep at night I do think that shop by a great business. I think the biggest risk in only shop, if I right now is valuation, just because it's dominating, it's space, but it's not making any money yet, and it's probably going to be a little while until they do so that valuation risk is there, but ultimately yeah I think determine. Where you feel most comfortable with it, and if you feel like you need to put a little bit of that money off the table, and he thirty five percents a lot, certainly very understandable. If they've said something you need to do if you do decide to pair it back a little bit. You've made multiple purchases, so you can identify the shares to sell to manage the tax consequence if this isn't a brokerage account and not an IRA. All right next question comes from Steven. If you are forced into unemployment, you are paying federal income taxes on unemployment payments are not contributing to social security nor to Medicare. How does this affect your future calculation of social security benefits and can one contribute to the social security fund during unemployment to mitigate any adverse effects on benefits, it is a little bit adding insult to injury, but you do owe federal income taxes on your unemployment benefits, and if your state charges has a state income tax, you probably have to pay state tax on that, although there are a handful of states that exempt unemployment benefits, so that's good news. And by the way you, you could have taxes withheld from your unemployment benefits you file. This form called form w four V. if you want, they withhold ten percent, or you can do quarterly estimated payments if you wanNA avoid that big tax bill at the end of the year, but if you're strapped for cash is probably just better to get the money now worried about your taxes later Eh. Stephen notes out. You do not pay payroll taxes. Those are the things that go into social security and Medicare so. So. It could result in a lower social security benefit, however, keep in mind that social security is based on your thirty five highest earning years, so if you enter the workforce at say twenty two and you work until you're mid to late sixties. That's more than forty years where the working so hopefully. If you miss out, if this year is not so good somewhere among those other forty, five or so years, you've had thirty five really good year so that this year won't be that big of a deal. So it probably will be okay. And then to address the last question. Unfortunately, no, you cannot make voluntary contributions to social security. There is at least one academic working paper out there. That suggested that people could buy into social security by like extra credits as opposed to contributing to your 401k, but so far that has not been passed by Congress I had an ex. Question comes from Sam. I heard to stocks discussed on another full podcast. When I read articles about them, it mentions they are thinly traded. I have two questions one I'm sure my position would still be quite small so I think I'd still be able to get in and out, but are there other things I should think about when it's a thinly traded stock and question number two. Is there a certain amount of? Daily volume you like to look for when considering a stock foreign investment. What volume do you want to see to not be? Quote thinly traded stock. Yes very good question in thinly traded stock just refers to the either the amount of shares or the dollar volume of shares that would trade on any given. Market Day and so. The. Thinly traded stock. The the problem is that you may not necessarily able to buy and or sell at the prices. You necessarily think you might be able to in other words when you look at a stock's price and you're looking through the. What what's going on throughout the day on the market, you'll see that did ask spread, which is essentially the bid. Ask spread is it's what someone's willing to pay for the stock versus what someone is asking to be paid for the stock? Because you know you have a buyer and a seller on on in every transaction they're. Normally most cases, these business business bread is very tiny, the couple of pennies maybe for most stocks because they're. They're heavily traded right there. There are plenty of dollar volume. But there are a lot of smaller companies small caps in particular in in you know a micro cap, specifically that don't necessarily meet these kinds of thresholds, and so you definitely have to be aware of that now I'll go back in time just a little bit, too. When we were running the service here at the fool called million dollar portfolios Roman Romani portfolio that we help manage members, and it was never really a problem, but we did have a condition in there. We were always looking for at least ten million dollars in average. Trading volume total daily volume now understand I'm not saying the number of shares saying the amount of money so basically shares times price, but we're always looking for at least ten million dollars. That wasn't set in stone it. It was an idea for us. It wasn't ever really a problem because we had a very diversified portfolio with a number of different types of companies, but when you're looking for smaller companies, you would've just keep that in mind that did ask. Spread is is something that just because it says the stock is twenty dollars. That doesn't necessarily mean you'll pay twenty dollars if there is a a big spread there between the bid, and the ask in so I think whenever you're considering stocks that have any lighter trading volume or thinly traded stock. Just be sure to use limit orders. Limit Orders of let us stipulate the price that you are willing to pay for or that you're willing to. To accept a if you're selling a limit, order is just a really good way to protect yourself from any unwanted surprise thinly traded stocks. You might not always necessarily get them when you want them, so you might have to lead that limited are in there for a little while, but but a limit order is a great way to protect you from any unwanted surprises. Next question comes from Randall. I'm in my late thirties now, but earlier in my life. I was very very bad with my money. Collection Calls Welfare and bankruptcy or not strangers to me. I've been at the bottom then I met the love of my life, and she convinced me to turn things around ten, and a half years later and I have done a complete one eighty, I took control of our finances rebuilt my credit and started investing and listening to all you find folks all. I opened it investing account with the goal of saving and building enough a down payment on a home. I'm happy to say we've now reached that goal. I recently sold at a profit because I didn't want that. Money tied up in the market. If we are close to needing it for a house, but now that we're here, I'm not sure what to do. We currently rent a basement apartment and our neighbors general living situation are less than ideal to put it mildly. So, we're champing at the bit to jump into the housing market that being said the experts have been calling for a drop in the housing market for a while, and that was before the pandemic hit now I'm worried that if we buy right away a year or two or three from now, interest rates will spike, and we could be put in a difficult situation. I live near Toronto. Canada or the housing market is already highly inflated in relation to the rest of the country should I be worried? While Randall first of all congrats on turning your financial life around love hearing success stories like that so good job on that. So I'll start with my standard answer with the rent versus buy decision, and that is just pull up spreadsheet and compare the all in cost of renting, including what you could earn on the money that use for down payment versus the all in cost of buying including the opportunity cost of putting down payment as opposed to having invested as well as insurance and taxes and maintenance, and all that stuff and project, where you might be in five to ten years based on various scenarios on what happens to stocks, if you. Rent an invest the down payment versus what happens to? What you'd look like depending on where home prices go. Generally speaking. If mortgage rates go up, that could way down on real estate prices we did see mortgage rates. Go Up for a bit a few years ago, but the housing market did find, but you could certainly envision a scenario where rates went much much higher, making houses, much less affordable and prices would have to adjust. But I don't expect that to happen anytime soon. I think we're. GonNa have low rates for awhile, but beyond that I don't know I've given up trying to predict where interest rates are going or even paying attention to people who try to predict where interest rates are going, so who knows? That said since you live in Canada. I thought I'd check. In where rates are these days and I and I got a brief reminder that things are actually different in Canada so I did a little bit of research. And then realize I had reach out to someone who knows, I reached out to Canadian Motley fool analysts Jim Gillies, and he had some thoughts so first of all just for you non-canadians out there. It is really different so in America. We get this thirty year mortgage than we have the same payment for thirty years. It's fixed. They don't have that in Canada. What's the most common is a twenty five year? But only the first few years or fixed. And then adjusts so in that context you can understand why Randall is worried about interest rates going up because over the next depending on which alone he gets the most popular is a five year fixed, and then you basically have to go get a new loan probably. So that put that in context, a little more, but also Toronto, really is crazy expensive. Vs from the end of last year that put it as the most overvalued real estate market in the world behind Munich. As Jim pointed out in our call here in the US we had our housing peak in two, thousand, six, two, thousand seven, and then we had what he called a reset, which is basically prices came down significantly candidate and have that slight downturn at home prices, but then they just kept on going up, so it really is different there, so when Jim explain all this to me, the difference in mortgages and the difference in home prices. Frankly he was inclined to say to this guy. You Might WanNa rent for while more and see what happens, but he also had the good advice of okay. What if you buy in prices? Come Down Fifteen percent twenty percent. What if they come down to a point where he upside down? You owe more than the home is worth. Are you okay with that? If. You're okay with that. Maybe it's okay to do that. But it certainly sounds like dicey situation than if someone were telling me like I'm thinking of do this in Dubuque Iowa or something like that. couple of other differences. In case you're curious about Canada in the US. Your mortgage is portable in Canada south. You Buy A. Get the five year mortgage, but then move get to take the mortgage with you for the next house and interest is not tax deductible. US Look at you, Robert, broke? Camp Can Canadian real estate experts there you go. Next! Question comes from Chris. I was on twitter the other day and saw that one of your contributors Brian Feroldi tweeted that he doesn't believe in a long list of technical trading terms and then modern portfolio theory. Can you help me understand what not believing an MP? T with mean this? He believed that diversification doesn't reduce risk. Also every financial adviser I've ever talked to his preached empty, so I would love to hear the counterargument. Jason you're not Brian for all the. Question I am not Brian for all the do get the talk of Brian Pretty good bit though. I I must admit I. Don't know what he said here in regard to modern portfolio theory and all of these technical trading arms. But I think I can take a guess. Generally speaking I agree with them, and I think you could sit there and look up the portfolio theory in you know read about it as much as you want. Just go to google modern portfolio theory, and you can dig right in there, but in a nutshell ultimately, what modern portfolio theory is the intention behind it? It's meant to reduce risk while maximizing returns. It assumes that investors don't like risk. They prefer less risky portfolios to riskier ones in order to achieve a certain level of return so right there. I kind of kind of lost me right there because I don't believe that every ever investors risk averse I think some investors have a very. Healthy, appetite for risk, and frankly I would say I got a pretty high tolerance for risk when it comes to investing, made it just because of what I do for a living but I. You know to me I like having that trade off least unhappy. Happy to take some risks there. If I feel like that upside, it's going to be potentially worth. So with modern portfolio theory, it introduces a lot of fancy math in the form of variances and correlations in order to come up with this. Quantifiable, investing strategy that ultimately helps reduce risk while allowing the investor to achieve. Certain returns in. Maybe it works for some not I'm not dismissing it personally I. Don't use it, I don't personally subscribe to it I. Don't need it. I think honestly for us. In a really believe it's extends to to most people in our full universe is that is individual investors I think a more meaningful way to reduce risk. is to just extend your timeline like invest longer. So like Tom Gardner said a number of years back when we were. Working on Motley, fool one basically take your take the time line that you think you want to own any individual stocks you buy shares of starbucks and I plan on owning it for you know five years. Okay, we'll just double it. Cloning it for ten in all of a sudden right there. You've given yourself more time. Time is one of the big advantages we have is individual investors. Money managers don't have that advantage, Wall Street done generally handed abandoned, either, but if you can be patient and just invest in good businesses. That risk really starts to come down over time. There are plenty of studies out there. That show that risk comes down the longer you hold onto those stocks, which into me, just renders modern portfolio, theory, more or less not useful mean on things, not useful for everybody, but it's not useful for me and based on Chris. Question It sounds like a agree with what Brian was saying there. We think I'll add to. That is I agree that risk is really not that much of a consideration if you are saving for retirement. But once you are in retirement man, and just say like you know what the market's not I'm going to extend my time highs in ten years. Because you need to spend money in that situation, I think diversification is important. It's important to have assets that don't always move the same direction at the same time. For some fools. That's just as simple as keeping any money need the next five years in cash, so you're right out any ups and downs, and that can be fine. But I. do think it makes sense to have. A mix of investment so that right now, technology stocks are doing very well, and we hope that continues to do well, but we remember was that happened in two thousand from two thousand to two, and there were down for quite a while anyone who retired in one, thousand, nine, hundred nine, or so it was very happy to have some small caps value maybe a. A little international, some reits to ride out the storm Yeah I think we talk about that often like recognizing where you are as an investor in life, are you in the grow your wealth stage, or are you in the protector stage, because they are two very different strategies, and we're all hopefully going to be in both of them at one point or another right? I personally and still on the grow your wealth stage I. Think we all probably are, but you will at some point get to where you need to focus on protecting the wealth that you've made so that you can then have that money to spend, and that definitely will dictate your investment strategy things that you're invested in and whatnot. Generally speaking I do like the idea for people who are just risk averse and have this notion that investing is just too risky. I mean the fact of the matter is not investing as far away greater risk like not investing. You will never grow your money if you don't the best, so if if if risk is a problem, I think generally speaking. Along the lines of diversification idea that that bros. talking about him, he just invest in invest in SNP index fund is something that just follows the progress and p. you know you're going to be participating in and if you look at that over the over the stretch of time, their five ten twenty thirty years, I mean that trend does go one way. It, but clearly the older you get, the more you need to start focusing on protecting your wealth, and that will change the way you view things. Right next question comes from Alex from Alexandria if I buy Muny bonds from another state in my IRA. Is it still taxable and Alexander with who we have a bond on and we do have a bunch. I know Alex up super excited about having a bunch on in Alexandria to I can't believe I haven't been there. It's like two miles from my house, but we still haven't been oh i. know because there's a global pandemic going on and we. saw. Alyx if we buy me bonds from another state in my IRA is still taxable. Bro, help him out or her or so Muny Barnes. People Invest Immunity bonds because they're free of federal taxes and in many cases. If you're buying bonds issued by the place you live, they might be free of state and local taxes, so that can be doubly triply tax free. That's why people buy 'em. There are some times, however that if you own immune, abound outside of an IRA. Pay Taxes and this surprises some people. There's something called the minimum tax. If you buy immunity bond at a discount, and then it matures at par. If you buy a distress, Muny bond for like you put an eight thousand dollars, and you sell it later for ten thousand dollars as a capital gain. You'll be taxed on that. So, there are some times when you would pay taxes on media. Now, Alex is asking what if it's an IRA? Do I have to worry about paying tax interest. If it comes from another state and the answer is no, you won't have to worry about that. The only thing I would say is. Generally speaking immune bond already has built in tax advantages, so you wouldn't keep it in an IRA, unless there's the example of the stuff I was saying previously like for. It's one of those exceptions when him UNIBOND would result in taxes than you might WanNa keep it an IRA, but generally speaking. If you're going to buy Muny Bond, keep it out of an IRA. Next question comes from Boone. I just did my first. Roth conversion and looked at that old account for the first time in. There was the expected dividend producing fund I remembered, but there was a stock chesapeake energy that I had completely forgotten about since I purchased the stock in two thousand, six fifteen. It's down way down like eight point five percent off the purchase price. What should I do with it now? It's in a tax deferred accounts so I. Don't think the loss is realized until I. Start to pull money out of the account and that might not. Not Be for fifteen years current value of all my shares will be about one percent of the value of the account after the conversion. Do I sell in the very little value? I had left and depend on E. Trade to keep up with lost for me or should I hold on based on the slim chance. The stock will be worth more in the next ten years. Oil Stocks do act unusually on occasion, only oil stocks. Stock everything else makes that usually. Chesapeake has been really. Interesting Story to follow and frankly. I don't I. Don't know that I would look at it today. As a business that I'd WANNA own so typically if I. You know I think it was yet idea. Didn't sound like a position are actively building united investment didn't work out. I mean that that happens to all of us. We don't get them all right. We have a philosophy here at the full. A lot of do we like to? Water flowers and pull the weeds, and that's just a nice way of saying. Add to our winners in to get rid of losers in. This I think is more than likely slated to continue being a loser I mean. Chesapeake has lost a lot of value. In it does sound like based on when you purchased this, these is absolutely busted I mean. There there are all sorts of reasons to sell one of them is if you thesis busted and the reason why you invest in the company is is no longer the case, and I would he probably is the case with Chesapeake so to me like you know, you could sit there and let it go, but but what's the goal trying to get back to even, or are you trying to get back a couple of bucks for me a lot of times? I'll I'll take a little opportunity here and there to just go ahead and pull those weeds sell it. Be Done with it. In even though it's just unique out a little bit value there, you can still take that money and do something more productive with it. So. Yeah T to me. I can't tell you to buy or sell obviously, but I can certainly understand. Selling in this case, but I you know. As as oil and natural gas energy can can turn around. This is going to be one that has a lot of headwinds in in. You might be waiting a very long time to to get any of this money back. I point out here that I it seems that maybe boone has a slight misunderstanding of how taxes in aries work because he talked about realizing the loss when he takes the money out and trade keeping track of the loss for him, it sounds to me that he thinks that he can write the loss off whence he takes the money out. That may not be the case, but just to be clear. One of the great benefits of an IRA is you don't pay taxes on the gains, interest and dividends from year to year. But. One of the drawbacks is. You can't take a capital loss on that as well so there's really no no way to benefit on your tax return from this loss. Next question comes from Benjamin. You recommend seeing a fee. Only financial adviser for check in every so often I know there is the Garrett planning network and others to help find an advisor. But what questions do you ask? And what answers do you listen for when trying to find one that is worth his or her one hundred fifty to two hundred fifty per hour. So I would say start first with asking yourself some questions. What are you looking for? You could go for the whole launch. Lada where someone is managing your money analyzing retirement plan helping new save and a five twenty nine. Maybe even doing your taxes with some financial planners do help with the state planning, or are you looking for something more targeted? You just want advice about am I saving enough for retirement, or are you close to retirement? You're like I just WanNa make sure that I'm doing right when terms like choosing my Medicare plan and claiming social security at the right time, so first of all just be very clear of what you're looking for. Then if it involves investments in any way, you WanNa, make sure that you find someone who is at least in the general same area philosophically and I say this, because many financial planners are hardcore index. And if you come to them as a motley fool, listener member with a lot of individual stocks. They may say okay. I'll give you some general asset allocation guidance, or they'll say I don't care if you like to pick. Stocks are not my advises, sell the stocks and go to index funds, so you want to make sure that if you're gonNA, ask for any sort of investment. Advice that you wanna find someone who's someone somewhat at least aligned for what you're looking for. Once, you've got that then. Just asked some of the typical stuff. You might expect so credentials certified financial planner. Are they a CPA either their personal financial specialist. How long they've been in the business. There are lots of people who. have not been in the business very long. Even though they're not young people, a lot of people choose financial planning as a second career, which I think is great, but just because someone may be look like they're in their forties or fifties. Sixties doesn't mean they've been in the business that long, and you WANNA. See if they've worked with someone like you right so if you have. Maybe. You have a large amount of wealth large income huge portfolio. You WanNa make sure that they have experienced with dealing with those issues, but on the flip side to if if you have, are you know middle income, decent size portfolio, but nothing too complicated. You don't WanNa. Go to someone who's used to dealing with someone who's wealthier partially because those people charge a lot more. You want to find someone who's kind of a little more lined up with what you're doing. Then make appointments with three folks. All of them will do get do free. Get acquainted means, and you're just looking for someone who you feel comfortable with. Since, you mentioned Garrett Big Fan of the Gary Planning Network and other is is not for the National Association of Personal Financial Advisers. But Garrett on their website has a how to choose an adviser section. Just Google attitude visor Garrett Planet Network has a great chapter from a dummies book that they wrote about how to choose adviser, and they have a good questionnaire that you can print out in US asking lots of good questions of financial planner. It's tough. Choosing a financial planner like my mom just went through that Bro! Is You know and she didn't really have a lot of options in Boise Idaho. Maybe two and one of them, she I never called her back, and never got back her, and the other one was just so busy just so busy, and just she just never. It's it can be rough. Finding a financial planner can be I. Think what we'll see is one of the consequences of this. Of the coronavirus pandemic. Just, like we are all used to working from home, many financial advisors and financial planners an now working from home. So in what they're doing is they're becoming licensed in more states. So, if you are more comfortable, working with someone over zoom remotely I think you don't have to stick with someone in your area. You can go beyond your locations, but you know some people don't feel comfortable that if if they're going to have someone managing their life savings, they want to be able to meet them in person. That's just a personal choice. All right next question comes from twitter. Is that right from sully what I hear? Okay? I just listened to the episode mentioning Your Weakness Two. Shopping carts and Tj, Maxx that me or you Jason. Accused me. Thoughts on the stock. If I had a war on Amazon, basket would be Costco TJ maxx Home Depot tractor supply. What would be your basket against online retail? That's funny. Well okay, listen I wouldn't have basket against online retail, because online retails where it's at. The whole idea. The whole idea behind the basket approaches to find a long term trend that you feel like the world is headed toward and so the war on cash basket, for example that was always one about people using cash war, traffic payments now with that said I get the spirit of the question some going to answer it because I do like some of these ideas. And I I would definitely include Costco in their in Home Depot's well. Home Depot gets a lot of my money. Doesn't, but they have a very loyal fan base of customers that just are happy to renew year in year out. So I love those membership models there, so costco and a Home Depot for sure you know I'm going to give a little shout at my wife Robin I. Know that she would approve of my adding target to the mixer. She hasn't been raving about targets APP and ordering on the APP the able to go to the store. Just pick it up right there I've talked with Ron Gross on more than one occasion about target and how this really has. Become a twenty first century resale right they're doing. They're doing everything online and in physical stores. What they call Alma Channel and then my fourth and I'm GONNA. Take this. You probably aren't expecting this when Alison. I'm GonNa Shock and all you. I'm ready. I'm ready Alta. We're going. Make up my I know my daughter's love. It ugly ugly Mug like this. What do I know about makeup? Tell you what. Get! A House with two daughters and a wife. That's what I know about make. There's a lot of it in an Ulta is a really really good business. They actually have a very nice diversified revenue stream. They've got the salon a`dynamic of the business which encourages people to go there they do have an online business. They have an augmented reality function there at where you can actually like. Try things on makeup to see how it looks. Mary Dillon just a phenomenal other adults of that's my fourth, their Ulta but they I appreciate the spirit of the question I like the idea I'm not saying this is the basket. I'm not tracking this basket in a not a not backing this basket, but in the spirit of the question if I had to develop. A basket, such as this one I think it'd go with those four. Yeah, I mean I guess you just have to think about what retail out there is something that you would still physically go to. Because the actual retail experience is being in the space is the experience and what you're there for? And I know I mean before Corona virus we I would go to target and just just couldn't believe how much money I had spent from walking through a few of the aisles. TJ Max is just a phenomenal business I mean what they've done through the years. Is really capitalized on the nature of the business, the advantage they have in that treasure hunt kind of nature like you go to TJ Max, maybe not necessarily looking for something, and then you end up finding a lot of things, and it can be a little bit lumping at times, but but generally speaking like management's a very good job of running that business, and they know how to exploit the advantage of experience. I think they're online game. Though I think they could probably get something going with online, and they just have not have not yet and so I. Haven't since Corona Virus for example. I haven't spent a single dollar there, but I continue to still shop at. Home Depot I. Think Yeah! We still shopping at home depot because we're doing. You know you gotta buy lumber somewhere. And I know my grandparents out in my my inlaws out in rural Virginia. They love tractor supply store, but that's not. That's not in where we live, but. Still New deck at the house there allison. I mean you, can you see? A big exposed beam behind me and some drywall work that needs to happen. Have lots of drywall work that needs to happen now though. Yeah Anyway get to that. All right next question comes from Matthew. I got married to my amazing wife nine days ago in a small Kobe nineteen wedding in our front yard after we postponed it from its original date in April all. It was definitely different, but still very special. My question is in relation to this wonderful event. My salary has been at a level that has allowed me to fund a roth. Ira I love the optionality of it, but after marrying my bad ass, wife are combined. Salaries are now over the limit that would allow me to fund the Roth. IRA does this affect occur immediately? Do I need to now open up a traditional. IRA and begin funding it or do I have until the end of the year. Matthew wants a Roth Bachelor party one last. Well Matthew I have bad news. When it comes to most things in taxes, your status and your age and things like that depends on where you are on the last day of the year, said if you're married on the last day of the year, you were considered married for the whole year. So that means if you contributed started contributing to a Roth IRA for twenty twenty. You need to call up your brokerage. Firm and re characterize that as a traditional. Now don't have any other traditional IRA, as it's very easy to do the back door, Ross which we've talked about before you can just google it or even when you call the brokerage, just say I want to do the backdoor. Roth and they'll tell you what to do. If, you have other traditional IRA as you can still do. It just becomes more complicated and you'll probably pay more taxes. So you, but you may not be totally out of luck and I should say that's only if you have a traditional IRA doesn't matter if your wife has traditional areas. One exception by the way of of what I just said. In terms of tax status and last day of the year is distributions from retirement accounts before it's age fifty nine and a half, you actually have to be age fifty nine and a half to avoid that ten percent early distribution penalty, unless some of the many exceptions that are out there exist. Right next question comes from Warren Warren Buffett. Maybe I don't know that's why I was thinking. He's asking about coq, so maybe maybe. Once James Opinion on coke. By? Or hold? Wants to now. I'd give buffet night give. Kiesel Warren of the same advice and I would say. For some I'm not buying it. Not Buying it I'm not holding it if I own it. I guess that means sell it. Even Atlanta Georgia person like you i. feel like it's almost sacrilege. I am pretty close to probably not being ever even invited back. But the facts are the facts. Okay, I mean you do have to look at the stock itself has been ain't bad stockton for the last five years. I mean I do understand why when you look at it what they do, I mean they have. Four hundred master brands, and less than fifty percent of them are the big global brands that are actually responsible for almost all of their revenue when I say almost only ninety eight percent, so it's a business. It's very reliant on on. You know a small portfolio of really successful grants. The problem is now. We've always talked about cocoa beans such a great distribution story and that's true. They've got a distribution network. It's just phenomenal, but the problem is now. They're what they're distributing is is being seen as not so good for you in so you're seeing them. Have it into to essentially pivot away from what you know brought them all of the success for all these years. Years in soda and that that's not going to change I. Mean you're always GonNa have people to drink soda? People are not to drinking as much soda going forward in the numbers of just kind of the kind of shown that through that through the quarters in the years of Coca, Cola and Pepsi Pepsi. Has the salty snacks division, which I've always been very. Impressed by I, mean I love a good Cheeto, and so I mean anytime you can throw a bag of those cheetos in my Patriot Amok GonNa, turn it their coq. Interrupting, but I think this is also very important point. You tried the Jalapeno White Cheddar crunchy cheetos. The White Shit or so. I've tried to Jalapeno ones but I've not seen the white Cheddar White Cheddar Jalapeno crunchy cheetos. Don't get the puffy. The poofy ones are not as good, but the crunchy white Cheddar Jalapeno Cheetahs. them by them. They're amazing. I have to back. Pain you. I'll get those next time. I promise I, mean Eh. One. crunchy wants the puffy ones, so that people won't you're not? You're not seeing poopie. Who using poofy Joe Copy? We'll be Coca doesn't have that dynamic of their business. They don't have that dynamic to their business, and they've suffered from that Pepsi's Pepsi's outperform coca-cola over the last several years. It's not safe. Pepsi or coke get it back. I'm sure they probably can. But what I am saying is I think there are a lot of better ideas out there, and so I wouldn't be putting new money into Coca Cola and frankly if I did own it. I probably would look at selling it and you know if you've got a beverage company, maybe own starbucks. It seems like the science coming out in support of coffee, right? It's coming and telling you that these sodas. They're gonNA. Make you fat. Coffee, it could extend your life. It could help you live longer. SMART Mexican looking this a starbucks as well is. That sounds like study from the copy roasters of America. Do! Something that Chris Hill sent me the other day. that. We sleep at night. I'm glad I've been drinking coffee as long as I have God knows what I would look like otherwise. You're a good looking man. Rick. good-looking next question comes from. A. I'm trying to save money for my kid's College. Fund while the five nine is a great option. I'm limited to investing in mutual funds, which means at best I'm going to get what the market gets assuming I do some sort of low cost index fund and I be a capital F. Fool investor have been doing much better than the market in the last three years of being a member of. Of Stock Advisor Enroll breakers, even during this pandemic mess by listening to every full podcast and following David and Tom's and yours and every one else's in the full universe. My portfolio of about one hundred stocks is up here today. Thirty percent to the market's down five percent as of day as of today weighed down by three sluggish five to nine plants that are also down five percent each. I feel like throwing away money by using the five to nine, and not being allowed to select my own great companies in which to invest. What's more, my understanding is that the five to nine does not count as an asset for the kid when applying for student aid, but the coverdale does. So I come to you with a simple question. Can I have my cake and eat it, too? What if I wanted to use the coverdell to buy individual stocks? Until the child is nearing college? At which point I then converted to a five to nine. This allows me to get better returns and avoid it being an asset for financial aid and get the favorable tax benefit. So, chose this question, because first of all Dune does a good job explaining the benefits of the coverdell over the five twenty nine, you can buy individual stocks. You can buy and sell them all day long. We recommend that, but you can. Whereas with the five twenty nine, you can only make two changes to the investments a year, and it's all mutual funds. So. That's you did a good job of explaining that. I will point out with the coverdell. It's gotta low contribution limit of only two thousand dollars a year, so for some people save more for college, but they can max out to cover it out, but then put the rest in a five twenty nine. One thing that doomed does not have quite right. Is The financial aid treatment the financial aid treatment? Coverdale's and five twenty nine is identical. They're treated as assets of the parent, not the kid that is favourable from a financial aid perspective. It's not negligible doesn't mean it doesn't have any effect on financial aid, but it's better than an asset that is owned. By the kid. He can. Transfer money from the Coverdell to the five twenty nine. If for some reason, he decides to do that, but you can't transfer it. The other way around so were convinced to try out the covered. You have money in a five twenty nine. You can't move it from the five twenty nine. To the coverdale. What other interesting thing that he pointed out is that he is doing very well with his investments, and he owns about one hundred stocks. We get this question a lot. Either on the show, or on the full live that we run every day for members of full services, and that is how many stocks should I own, and if I owned too many are not just owning index fund watering down my returns, but here's an example if someone owns a one hundred stocks is still crushing the market. Idol last question comes from Cameron thoughts on the valuation of Stone Co in light of the corona virus for a fragile country like Brazil. This could be the tipping point after so many other headwinds. But how does that affect stone? coz Business Jason I. Don't even know what Stone Co is. What is still business? Yes, don't Coz a payments company that's focused on Latin American markets in Brazil and particular in so I guess it could be. Draw you can draw a parallel to to a with square through pay pal at, but generally speaking I mean it's payments. Company focused on Latin America. Primarily Brazil. Is the big money making market kind of like Marco Libra, they're. In I, I, it's a it's. A NEAT opportunity, gained a lot of headline recently, when and it was, it was seen that Berkshire hathaway. Warren Buffett's company Berkshire hathaway taken a five percent position in the company, which is pretty considerable i. Think in the near term. You have to acknowledge the fact that. They're gonNA, be some real headwinds in in Brazil particularly because of the pandemic I mean. The flip side of that is role in same boat kind of in that regard. The entire world is dealing with it, so it's not specifically you know it's. It's not particular to one economy or one country some. To get hit harder than others I, do feel like Brazil. Be at a place where they can recover from this given You know some of the other businesses in the area. I mean that that that I think is. Who knows ultimately how? That's GONNA shake, but generally speaking. I think the move away from cash towards cashless. Transactions in and financial software that's not stopping if anything, this hastens that which which is what I think, Cameron's talking about there and for a company like stone. Co, neither are other companies in the space pags bureau in roquetas libra to but you know moving money around is a big big market opportunity, and there's nothing that says they won't be able to expand well beyond the Latin American markets, too, so I I'd say cautiously optimistic I mean I

IRA Jason Moser Google Chris Hill Brian Feroldi Canada Starbucks Warren Warren Buffett Twitter Toronto Alison United States Muny Bond Brazil Alex
Before You Invest, Do This by Derick Van Ness

Optimal Finance Daily

04:19 min | 2 months ago

Before You Invest, Do This by Derick Van Ness

"Before you invest do this by Derek. Van Ness of big life financial dot com. I don't need to tell you that you're constantly being bombarded by advertisers. Each of them is trying to get you to believe their product service or cause is worthy of your hard earned pennies as they try to influence you. Many advertisers strategically attack your mind's natural tendencies. They tell you that you need to look a certain way. Take particular action or join a particular group in order to be happier and more successful. Most of us, know these images and false promises our garbage, but it doesn't mean that we aren't susceptible to the ideas. Advertisers are putting in our heads I. could talk all day about the false ideas that are being pushed in the media, and how they are making people less happy and more frustrated, but that's a topic for a different day in a different post, however I believe that one of the most harmful ideas being perpetuated in the marketplace today that you need to invest as much of your money as possible, and you need to do it as soon as possible, or you are missing out. Of course the advertisers motivation is for you to invest with them, so they can get paid in have access to your money to make even more prophets for themselves, so they're message serves their interests, but is it truly in your best interest? The short answer is no. Investing has its place, but it should not be the first thing you do when you begin earning money. This is especially important for people who are newly out of school and developing their financial habits. So, what should you do, I? You need to learn to systematically save money because if you can't ever save any money, how will you ever be able to do any meaningful investing? I know that isn't as sexy thing to say, but it is absolutely essential. Having money in a savings account will actually be worth more to you than any other investment you make. How is that possible? It's because having money saved works for you in many unseen ways, and here are three of the most important. One having money saved, gives you peace of mind and confidence. Both of these allow you to sleep better at night. Be a better spouse, parent or friend, and be powerful in your career or business. Your state of mind is your number one asset, because when you are confident and abundant, you are far more effective than when you are operating out of a fearful or scarcity mindset, the importance of mindset cannot be overstated. It is often the difference between a successful business or marriage, and a failed business or divorce caused by financial stress, financial peace and confidence is. Definitely vital. To money in your account helps you save on interest. Savings helps you to avoid taking loans all together, but also allows you to get better interest rates on the loans you do take whether it's having money for a down payment on your car or showing the bank that you have money saved. When you get a mortgage. Having money set aside will help you save on unnecessarily high loan rates. Three most importantly, your savings account will allow you to minimize losses incurred in Difficult Financial Times and maximize your opportunities when they come along. If you have money invested, but no savings, he may be forced to cash out of your investments at the wrong time leading to surrender fees or losses because you needed the money for an emergency. Conversely, a strong savings account will allow you to jump on the right opportunities when they present themselves, note saving money into a 401k or IRA does not have these advantages accessing so-called qualified money can be difficult and almost always comes with penalties or fees. So stopped to consider how much you'll potentially miss out on by having your money tied up until you are fifty nine and a half years old I've seen many people unable to start their own business or capitalize on a great opportunity because they couldn't access their money through the years I've worked with enough people to know that most of us get a few curveballs in life and a few key homerun opportunities being in the financial position to deal with the curve balls without losing everything and the ability. Ability to take advantage of those homerun opportunities can often be the difference between living prosperously and barely getting by so before you rush into investing your money, take the necessary time to build a financial foundation I

Van Ness Difficult Financial Times Derek IRA
What To Do When Stocks Go Down by The Finance Twins

Optimal Finance Daily

04:07 min | 2 months ago

What To Do When Stocks Go Down by The Finance Twins

"Twins dot com. If you're wondering what to do, when stocks go down, you're not alone. This is a question. We've started to get asked more and more. The stock market has been dropping and everyone is afraid that the incredible market performance is going to slow down and their 401K's will lose a lot of value. So what should you do with your investments? When stocks go down, the short answer is nothing. Don't change a thing. When the stock market drops, and the prices of your stocks go down. The problem with doing nothing is that it's hard. It goes against our natural instinct and desire to be proactive so that we aren't the last to move. Buy High and sell low is the mantra of investing right. Everyone wants to react when they see their investments lose value. When the stock market drops on the other hand. They want to invest more. When the stock market is shooting up, the problem here is that it's impossible to accurately time the market consistently. Don't be fooled by randomness. The research shows that this emotional desire to try to time the market by trying to buy low and sell high actually hurts investors, according to renowned Princeton economists and CIO of wealth, front the behavior. Behavior gap between the S. and P. Five hundred and the average investor returns may be as large as five percent annually over a twenty year period. What the data shows is that most investors will follow recent returns so when the stock market is going up, more money flows into stocks, but when the stock market drops, money will flow out of the market by reacting to performance. Investors are actually selling low and buying high the opposite of what they're trying to do. Won't I be protecting my investments by selling when they are high before their value drops. The problem with this train of thought is that no one knows when a stock has hit rock bottom or has truly peaked. If you knew exactly when to buy or sell, you'd already be a billionaire and would be on a private jet on the way to Paradise. Right now at least what we'd be doing. In an article by Hoffman at all, it is reported that investor risk tolerance decreased during the worst months of the two thousand eight recession. This highlights the emotional reactions taken by investors and the importance of sticking to your investing strategy. If you felt confident investing ninety percent of your 401k or Roth, IRA in stocks and ten percent in bonds when the market was strong, you should stick to your plan when the stock market drops. If you panic can sell, you will only hurt your investments more. So if my portfolio is losing most of its value, I should sit back and watch it drop without changing anything. For the long term investor, this is the perfect strategy. You want to minimize your emotional impact on your returns. If you are investing for the long term, which is what you should be doing know that your portfolio will recover with the markets. If you sell your investments, you will not have as much in the stock market when the prices pick up and you'll be kicking yourself. According to Dalbar is twenty fifteen report, the average mutual fund investor was outperformed by the S. and P. Five hundred by over three percent in two thousand fifteen. But how can you be outperformed by the S. and P. Five hundred, when you invest in a total stock market index fund that tracks the S. and p. five hundred, the answer is because people buy and sell throughout the year in hopes of timing the market, buying and selling based on what the market is doing prevents you from fully capturing the total market return. When should I invest? Should I wait to invest my money when stocks go down or we go into a recession?

Dalbar CIO Hoffman Paradise Roth Princeton
How the Pandemic is Imperiling Retirement

Motley Fool Answers

05:13 min | 2 months ago

How the Pandemic is Imperiling Retirement

"That much. How much have average? Americans saved while TRANSAMERICA survey released in May provided estimated median retirement savings according to generation so for millennials, the median savings is twenty three thousand Gen X.. The median savings is sixty four thousand for the boomers. Median savings is one hundred and forty four thousand. and. That doesn't sound like very much, but here's the kicker. Those figures are as of the end of two thousand nineteen before the virus crisis turned the world upside down, so thanks to the pandemic panic. Many investors actually have less now. But possible lower portfolio value is just one way that retirement planning is more challenging. After one of the most sudden economic disruptions in history. In fact, there are five ways that America's overall retirement security has become even more imperilled over the past few months. Let's take a look at each one showy. Let's start with number one let's. CHECK REPLACE TO START? So number one. We all know this one. We actually know all these, but here we go number. One unemployment has skyrocketed over the past fifteen weeks. Almost fifty million Americans have filed for unemployment insurance. It's almost. Incomprehensible fortunately, many have gone back to work so last Thursday, the Labor Department announced that the unemployment rate dropped to eleven point two percent in June down from thirteen point three percent percent in May. So that's good news. However that eleven point two percent is still the highest rate since one thousand, nine, hundred forty. Now. When you lose your job, you obviously tend to stop saving for retirement. You have more important things. Take Care of plus you no longer have access to a 401k and people who have access to retirement plan at work are much more likely to say. But, even those who have jobs still are not saving as much because many workers have seen their pay cut and have reduced their savings as a consequence in many employers have reduced or eliminated their 401k matches, and finally a survey from bankrate found that fourteen percent of Americans have taken money from their retirement accounts during the crisis and another thirteen percent planned to do so many because the need the money due to losing their jobs. So. Many people are going to have much less saved for retirement. Just looking at the IRA's and 401k's let we just talk on the show about how people? Are actually saving more. So. It seems like this is another opportunity to just even more create even more of a divide between those who have a lot of money, and those who are just scraping by. There's no question so what you're talking about is the personal savings rate, which is a little different than what you save in your retirement accounts. Basically it was. It was a combination of. Looking at what people had their bank accounts for the people who lost their jobs for many people. In fact, most of those people unemployment benefits were actually higher. Than when they were working. And they weren't spending as much money, so you really look at what happened to people's bank accounts, but even those situations right? Let's say you're out of a job and your unemployment. Benefits are higher than when you were working. You're still not likely then. Put that money in an IRA when you can't put an 401K's. You're no longer working so despite the fact that some of these people. People actually up to now doing okay, they're probably not putting it towards the retirement savings, and they're possibly looking towards the end of July when the extra six hundred dollars from the federal government is going to stop their talk now about extending that probably not six hundred, maybe like three hundred or something like that. I certainly hope that will happen because if you ask me, I think. The gains we saw in jobs in last month I. Think some of those are going to go away. As some of the economy, especially, the south and the West start to realize that maybe they opened up a little too soon, and they're gonNA start shutting down. The? First one second reason why retirement planning is going to get more challenging is that many stocks are still down. So. Now. We're going to look at what's in all these accounts that we just talked about. Depending on the type of stocks you own this and this year. Surprisingly they could be very good for you. Especially, many of the Motley fool members to our services invested a lot of companies that have done very well, but for many other people. Your portfolio still could be in the red, so let's take a look at where some of the indexes are as of the close of the market on July Second Nasdaq star of the year up fourteen percent so far this year amazing. Every other index down even slightly so sap five hundred down three percent for the year the Dow and international stocks down about ten percent for the year small caps down fourteen percent value stocks getting. Still significantly down almost twenty percent partially, because when you look at a typical value index fund, they're more weighted towards energy and financial services which have been the two worst performing sectors this year. We all knew about energy, but even if you look at the banking stocks, banking stocks have taken a hit the federal reserved it. It's stress test. Last month told banks that can no longer buy these. The biggest banks of thirty biggest banks told him you can't buy back your shares, so you can't do any share buybacks now, and you can only pay your dividend according to a formula based on earnings. If you don't have enough earnings, you can't pay your dividends so. Bank stocks have been put on notice that things could get dicey there so again. Depending on how you've invested,

Federal Government America Labor Department
Is work-from-home burnout a thing

Hacking Your Leadership

03:56 min | 4 months ago

Is work-from-home burnout a thing

"Are This talent Tuesday episode. I don't talk about burnout when working from home over the last week several companies have announced plans to have as many employees as possible. Continue working from home for another four to seven months or even longer capital one Amazon Microsoft facebook Zillow and others have all said this is the case and it appears to be a trend among many organizations whose physical office space doesn't appear to be a necessity daily work and while it might make sense that the tech sectors full of companies with the systems technology and resources to enable virtually all work to get accomplished without physical office space. A new study by the Booth School of business at the University of Chicago claims almost forty percent of. Us jobs can be done remotely meaning. This phenomenon isn't relegated to large tech companies and their organizations in most industries with these capabilities. And someone who's a very vocal advocate for the practice of trusting employees to be productive regardless of where and how they choose to get their work done. I'm all for this. I hope it continues long afternoon worries about covert anymore when companies allow remote work. I mean really allow it not. The kind of remote were when I spoke about last Monday. Full of Web Browser surveillance and always on webcams but real remote were employees can mostly choose when and where they get things. Done as long as deadlines are met and collaborationist happening. Engagement and productivity tend to go up and turnover tends to drop so it surprised me when yesterday unlinked in I saw an article saying that Google had announced a company holiday coming up next week for the purposes of combating work from home. Burnout work from home burnout. When I read this. My knee jerk reaction was that I thought working from home was the supposed remedy to office. Burn out so if the office itself isn't the issue and employees are still burning out this implies the Causa burnout is the job itself. And if that's true the solution to change of team organization or in some cases even to change industry but then started to read some of the context behind the move and the related comments and it became pretty clear. Work from Bernard has very little to do with the job itself before twenty twenty most remote work positions either hired as such or if there was a transition from an office environment to remote environment it was done. Gradually there was support and place. An employee could still go into their office if they chose to and they likely won't also learning to be home. Schoolteachers waiting lennick costco and target hours. A week running errands for elderly parents worried about being laid off watching their 401k value. Plummet and going on two months without a haircut. Yow Work from home. Burnout is most definitely about the long term impacts of the abruptness with which our lives all changed and while most companies have been focused on figuring out how safely move forward with our new normal there if you put real effort into making sure how employees are getting by now. It's likely a lot of thought. Went into the element shared by all employees. A paycheck health benefits paid time off getting the systems that allow for work up and running and finding a communication interval that works for everyone but the elements impact each person differently. The ones people are less likely to complain about. We're likely forgotten not ignored. Just forgotten and this means much of this workforce on individual leaders rather than on executive teams. So if your leader a people become hyper aware of signed your individual employees may be suffering from work from home burnout. Hopefully you at least know whether each of your people as children or other family commitments. Then you take precedent over work if you don't start having those conversations now and figure it out signs. Your employees may be burning out working from home. A drop in productivity or performance failing to attend team video conference calls attending those calls but saying very little and contributing very little a general change in personality whenever you interact with them. Each of these might imply an employee hasn't found the right balance and maybe needing a break. Give it to them. Make sure they know you're here for them. Don't wait till they bring it up to you as most of them won't life will go on. It's about to start ramping up here in the next month or two and all the adjusting and all the agility that was reported to begin working from home we need to be summoned again for the transition into whatever will be our new normal whether each member of your team still with you are not in a year may very well rest on your leadership today. Thanks for listening and have a great day.

United States Zillow Booth School Of Business Costco Google University Of Chicago Bernard Executive
Corporate liability shields

Clark Howard Show

05:14 min | 5 months ago

Corporate liability shields

"We've got a a real conundrum going on in the United States. Where somewhere around thirty percent of US have been able to continue our jobs working from home? So you've got this. Nearly third of Americans who did for the most part go to offices now working from home and employers are trying to figure out how they bring people back well. Big Employers are basically saying. We're not bringing anybody back into our offices because we're too scared there. We're going to spend the next ten years defending ourselves and lawsuits. So here's the back story. What employers fear is that people will come back to an office environment. Develop Corona virus have long term health problems or pass away in either case people would then turn around or their heirs turn around and sue the employer for failing to provide a safe environment that cost a loved one his her life or that individual worker cost his or her health so employers face a serious challenge. You know one of the things that is a Bermuda Triangle for employers is. How in the world do you make people safe using the bathroom? I mean nobody is able to go to work for eight or nine hour shift and not go to the bathroom and the bathroom is an area where keeping it safe from. Infection for people is very very hard in the office itself. You can create Might say for environment by having people work. Different shifts by reducing. How many people were a lot of employers are putting up plastic shields like those plexiglass shields like you may have seen? If you've been out and about and stores where the round cashiers there will be those plastic shields and so creating conditions it reduce the risk but employers still are afraid so they're working the halls of Congress very hard right now to get a liability shield past where employers if they follow ultimately this is kind of how would work. They follow a set of prescribed guidelines issued likely by the. Cdc is what's been bandied about Centers for Disease Control that they would have a corona virus lawsuit shield from being sued for making somebody ill who has lifelong health problems or dying from getting corona virus. It will not exactly be an easy thing to figure out where somebody got. It who've got corona virus but employers are really really worried about what is referred to in legal circles tail. Risk that that you would end up with the liability that will go on year after year after year for what would happen to somebody coming down ill with corona virus. I don't know how Congress is going to ultimately act on this. There's strong there's a strong push among a number of Members of the Senate to create a blanket immunity and the initial soundings without even requiring following guidelines that will never fly but the reality is big employers account for roughly half of employment in the United States. And they are not worried necessarily about your safety or your life. But they're worried about their wallets and that's why you're going to see a full court press over the next couple of weeks to have that liability shield in place. There's another reality though. Employers have found to their surprise that people's productivity for the most part has been just fine with people working remotely working from home and I think it's clear that this is going to change things. Four potentially a generation that it will be much more accepted as something that people do all the time or a significant amount of time that they do work from home remotely. Whatever you WANNA call.

United States Congress CDC Bermuda Triangle Senate
Millions of farm animals culled as US food supply chain chokes up

Stansberry Investor Hour

03:12 min | 5 months ago

Millions of farm animals culled as US food supply chain chokes up

"Tyson chairman. Ceo Tyson Foods wrote a letter on Sunday and he basically alerted the country of an impending shortage of meat and by Association. We just took this as an impending shortage of food because we can affect the production of meat can affect production of all food right. And I'll just quote you one little passage. That kind of sums up the the problem here and Tyson wrote farmers across the nation simply will not have anywhere to sell their livestock to be processed. When they could've fed the nation millions of animals chickens. Pigs and cattle will be depopulated because of the closure of our processing facilities and quote so these are essential businesses. These meat processing facilities. But they're closing them because people are getting the corona virus. They're getting sick so they had to close them and they closed a bunch of them. So you got all these animals that are mature and ready for slaughter and there's no place to send them. So what do they do? Well depopulated is you know. There's all these euphemistic terms youth Asian and depopulation. They kill them without eating limits. What happens there wasted and you know I I mean I have a soft heart for animals. I'm no vegetarian. Okay but we bring these animals into the world and raise them up and care for them so that we can eat them and it's tragically sad to see them killed without being eaten. It makes their lives. You know it's like they lived and died in vain. I watched a Canadian farmer on Bloomberg TV Monday morning openly emotional talking about this and talking about having farmers having to euthanize thousands of animals at a time. It's it's terrible. He was more concerned was more than just the lost revenue and investment. Although that's you know that's a big impact too. It was just the thought of all these animals as I say having lived and died in vain. It's it's heartbreaking you know and these are essential businesses and yet they're still having to close down because people getting a virus and Tyson said. This is the thing that got me. He just said the food supply chain is breaking. The food supply. Chain is breaking. That's scary you know you and I were know. We're big time investors or whatever. We got plenty of money in our 401K's or wherever you know we got resources we can tap and if things cost a little more expensive we can probably still afford it but poor people who don't have anything to their name. They won't be able to afford and they won't be able to get. Those supplies will be gone from the stores. Anybody you can get. It will pay a fortune and people are going to start getting hungry. I I'm afraid you know. At first people will say OK. Well here I am poor. I don't have a penny to my name. Put yourself in their shoes. What are they going to do? They're going to be like I'm GONNA steal this. I'M GONNA get food any way that I can. That's bad enough but my fear is that this goes on and on and on and the government doesn't let us go back to work soon enough and then we start seeing like mass violence. You know.

Tyson Tyson Foods CEO Chairman Bloomberg
The BEST Financial Strategy During the COVID-19 Pandemic

The Money Guy Show

08:53 min | 6 months ago

The BEST Financial Strategy During the COVID-19 Pandemic

"There are things that can be learned during a crisis. There's also things that you're going to be in the middle of ego man. I wish I knew going in. But there's definitely something I'm going to internalize and then I'm GonNa make sure in the future. I don't get myself in this situation again now. What I think is so exciting Brian. Whether this is like a fortunate or unfortunate thing we've been through crises before whether it be the DOT com bubble or nine eleven or the great recession or fill in the blank. We've been here before. And one of the great things you said is after a crisis you can learn a lot from there you get to kind of do an after action review. We thought well maybe there are some things that we've learned from prior previous experience that we can share that might be viable as we approach this or even the next crisis. So let's see if there's some planning opportunities and things that you can figure out how this works with your financial situation so you not only go into this the next time stronger better and more prepared. You will be in a much better place to tackle shorts so number one. Give it gas and drive through it. I think I think we we. We talked about this. Appreciate you guys. Love recirculating this pitcher that Daniel created and this is supposed to me because he did some out. He found a picture of the hat that I had when party leader work in the drive through. I mean if you drove through the hardy's McDonough Georgia more than likely you saw me working there and I'll never forget that it was at heart disease that you know days of thunder crews Robert Hall and others it was. It was big hit movie and that we were the big sponsor restaurant and in that movie which I re watched probably in the last twelve months. I'll never forget Cole trickle gets in a situation where he has his horrible car accident and he's just not the same driver anymore. So Robert Duvall his character tells Tom Cruise. Hey when you see when you see the smoke when you see the accident coming ahead of you just drive through it you gotta hit the gas and draw through an encounter and if you're making an analogy we're in that situation right now. There's definitely smoke. Were concerned were fearful. You're trying to figure out. You have an investment plan. You have a dollar cost averaging plan. You have monthly 401k contributions. And you're like do I. Do I panic and pause and stop and stand still because you guys I hear you say standstill? But what does that mean for future investments? We're saying no if you're twenty years if you're in your twenties you're in your thirties during your forties even fifties. If you've got five years before you retire. All those systematic savings plans still need to be rocking and rolling so keep buying equity investments so buying risk gone asset. It's sounds like what I hear you say is that if you have planned appropriately and plan correctly when you see volatility when you see a downturn or when you see discomfort scary things that's not the time to be adjusting course changing strategy making moves trying to figure your way out of it. All of that planning and preparation should have probably happened before you got into the mess. It's just like in your race car driving analogy. It's the reason they have on the suits and helmets. They don't try to put the helmet on while they're getting into the end of the crash. That would be counterproductive. I think it's also we will look back in five to six years in the people who made money on. This is going to be a lot of people but man look out lucky. That person is Sean Angelie. They man it must be great that they had this opportunity to do it. I I. It's just like people from the two thousand. Eighteen non collapsed were real estate. I have clients that bought rental property back then that are sitting quite nicely now. Wow how did they knew to do that? Did they have some crystal ball? Some magic tea leaves no guys you just have to look at. The current financial situation see where the opportunities are and be willing to maximize the opportunity and a lot of people. They think about this when they look back and they go. How did they know about the financial opportunity guys? The opportunity is big enough to drive a truck through. This is not something that requires you to be a genius when you see that valuations of companies like price earnings ratios of the stock market and the S. and P. Five hundred is getting down to historic lows. Gets kind of easy to see? We're probably getting closer to a bottom than we are to the to in the losses that we've fallen down from so keep buying those risk assets that we get all the time as people say to us. Oh well okay I hear you say key by but don't know where the bottom is. Why don't I just wait until it gets to the bottom and then I'll start buying well? That's great if you wouldn't mind sharing with us with the bottom is going to be then we'll all just make tons of money. What actually happens. We never know exactly when that knife is going to hit the bottom. We never actually know when it's going to bottom out so while right now today may not be the lowest point that the market's going to get to. It's still a great buying opportunity. You don't want to get it just right if you can get close over the long term. You're going to be successful. And that's why we we're GonNa talk later about the importance of creating a systematic savings plan. And why that way you can take the emotional part out. But here's let's move on a number two we talk about. This is a tool you can. Use is called harvesting losses. This is something that I won't and your Batman Utility Belt. I want you to have this tool imbo. What's the power of this? Yes this is actually one of the things I would say. Probably at at the firm abound wealth management. We've been doing the most in the past week or two. This is probably been the most active that we've been doing. So let's go to like a webster's dictionary definition. What IS TAX LOSS? Harvesting will tax loss. Harvesting is the practice of selling a security that has a loss by realizing the loss investors may offset taxes on gains and or income. In the what this doesn't say is I'm going to sell security at a loss and just go to cash sit there. Will you go to panic when you tax harvest? You're actually recognizing a loss without changing your overall investment plan investment strategy. Yeah what I like about. It is is that look. We know. Markets are down like we have a v-shaped recovery and there's even a perfect illustration. Let's take two people that start at ten thousand dollars. Let's show the differences between this sure. So let's say that we have to investors F. T. E. D. Daniels due to investors Tony Entries and they both have ten thousand dollars at. They're going to invest just in a broadly diversified index fund. Let's assume that for both of them. The value of the investment drops by ten percent and they both had ten thousand dollars invested and then it goes down ten percent down to nine thousand. Well Tony he says you know what I listened the money guy show so what I'm going to do is I'm going to sell that. Index Fund. Nine thousand dollars and I'm going to immediately go vest. Invest that Nine Thousand Index Fund. It's similar same type of asset class same type of investment opportunity but it's not identical is materially different enough that. I'm not just buying more of the same thing. Have a little bit of a different. So maybe one international index to another that way you avoid the wash sale rules no wash. That happens so theresa on the other hand she does nothing she just lets her ten thousand dollars nine thousand well then the investments. Both of them come back up. Let's say that the investment for both of them goes back up to ten thousand dollars so they both have an investment portfolio of ten thousand. What was actually happened is Tony. He sold at nine thousand and reinvested. He actually has a thousand dollar loss that he capitalize on or that he harvested that he can use to offset any capital gain income. This year it can even potentially use it as offset up to three thousand dollars of ordinary income and if he has so much losses at not only the all of his capital gains and not only does he offset three thousand hundred ordinary income. He can actually carry those losses into future years and use them in future years. What I like about it this is. This is a strategy. That don't overcomplicate this. All this is allow. You don't put your money on the sideline you just walk in the paper of loss that way serves as a tax benefit. Meaning that you might actually get a refund of some money when you file your taxes in April. The other thing it does is. We know you're in a lot of mutual funds and other things issue out a lot of investment income. If you walk in these losses elise allows you to have an offset to that income so once again lowering the tax bill with really out changing anything in your risk profile. Not Changing. Much your behavior of how you're structuring. Your investments is utilizing the tool to save as much as you can off taxes so this is a great thing we talk about all the time. This is one of the things that we use when we are in some of the volatile times. It's a tool we use as we're perpetrating. Re-balancing clients are getting portfolios. Back into the right. Mix to take advantage of some of the volatility. Tax Laws Harvesting. Just like you said. It is a great tool in the Batman tool bell that you ought to think about

Tony Entries Brian Robert Duvall Georgia Sean Angelie Daniel Cole Robert Hall Tom Cruise Webster Theresa F. T. E. D. Daniels
Can You Start Your Own Bank?

BrainStuff

05:30 min | 6 months ago

Can You Start Your Own Bank?

"Maybe you're a big fan of the classic movie. It's a wonderful life and dream of operating your own version of Bailey building and loan. Or maybe you want to emulate Amadeo Peter Giannini the early nineteen hundreds fruit vendor who convinced immigrant families in San Francisco to deposit their savings in his new bank which eventually became bank of America. If so provided that you have enough money a good business plan and the patients to make it through the regulatory process. You could actually start your own bank. Plenty of people have over the years. Unlike most industrialized countries in the world which tend to have just a handful of big banks. The United States has thousands of them ranging from small town institutions to massive multi state behemoths. Are we spoke by email with one? Edward J carpenter. He's the chairman and Chief Executive of Carpenter and company a Newport Beach California consulting private equity broker dealer and registered investment adviser firm that has assisted clients in starting hundreds of banks and savings and loans across the nation since the nineteen seventies. The company handles forty percent of new bank applications in the United States. He explained the. Us is the only industrialized nation in the world where a group of citizens can start a bank. Most of the would-be Bank founders. Who Come to carpenter. Guidance are group's but it's possible for a single wealthy person to start a bank an own one hundred percent of it carpenter recalls several years back we did one in which an individual put in fifty million dollars and started his own bank he said that so founders are often civic minded individuals rather than someone motivated by the prospect of becoming even richer in some instances. They're trying to take the place of a small local bank. That recently closed down but carpenter says the people start banks for various reasons. Sometimes banks startup entrepreneurs think they can find customers in a particular community. That's underserved by existing financial institutions in one common scenario a group of immigrants or a family members of immigrants might decide to start a local bank to serve newly American customers in their original language other bank founders possess a specific sort of lending expertise that gives them a competitive advantage in some particular business. And sometimes that can be pretty. Arcane Carpenter cites the example of one bank that was founded specifically to make loans on special engines that seaports in government agencies use to retrofit old diesel trucks to to run on electricity. Or maybe they have a plan to offer mobile banking or some other service that local competitors don't have yet in addition to brick and mortar community banks in recent years companies involved the financial technology field also known as Fintech have also begun starting online banks to take advantage of innovations. They've developed such as software that automates and speeds up the loan application process. Starting a bank might sound like easy money and you might expect a lot of people would give it a try instead. There are only about twenty applications to start banks in the United States each year and just ten new federally chartered. Banks opened the first three quarters of two thousand nineteen. That's because starting a bank requires a lot of money and work. Typically the process takes about a year and a half at the start. Potential Bank founders. Come in to seek help from carpenter. He first wants to look at their business plans. He explained the bottom line when people come in is does it make sense or not make sense based on competition and the business plan if it looks like a new bank has a good chance of success. That's when the complicated part begins. Bank founders need to put together a board of directors to oversee management. And then they have to go out and raise enough capital to fund the bank's operations. We're not talking about just taking a loan out of your 401k. Either this requires serious. Money Carpenter said most likely at the low end. Were talking about ten million dollars. We just opened a bank in New York for which they raised one hundred and thirty million after that. It's time to apply to the government. Regulators who oversee banks in some cases bank founders may opt out to apply to a state agency for a charter or they may go to the federal office of the controller of the currency wants. A bank is chartered. It has to obtain insurance from the Federal Deposit Insurance Commission. There's a certain amount of risk in the process if regulators Nixon application the bank founders are out whatever they spent on advisors and other expenses wants to start up bank gets through the regulatory process though things usually work out pretty well in its third or fourth year of operation. A new bank typically is earning ten to fifteen percent annual return on equity that the startup group has invested in it but for all the new banks that are opening others are closing or being bought up by bigger institutions so the number of banks in the United States has gone from sixteen thousand five hundred in one thousand nine hundred to two around just five thousand five hundred today according to carpenter but although big banks and online banks powered by Fintech increasingly are dominating banking industry. There's still a place for small banks carpenter. Said they have just ten percent of the nation's deposits but that's still a trillion dollars and they make fifty percent of the small business loans.

Edward J Carpenter United States Bank Banks Bank Of America Chairman And Chief Executive O Amadeo Peter Giannini Bailey Building Federal Deposit Insurance Comm San Francisco Fintech New York Nixon Newport Beach California
Are We Experiencing a Black Swan Event?

Rich Dad Radio Show

09:11 min | 6 months ago

Are We Experiencing a Black Swan Event?

"This is a trick question. I have to ask you okay. You know what the standard pitch in from people on the world's go to school get a job work hard save money get out of debt. Invest long-term above their festival portfolios talks wants which avoids. Atf's so if you're a financial planner and you've been telling people for the last thirty thousand years. Invest along term and the well diversified portfolios stocks bonds mutual funds and. Don't worry you know the market's always bounce back by the dip is going to be probably a V bottom which means it goes down and comes right back up or a w goes up down and then back up again which it has done over the last. Let's say fifty years so if you're a financial planner and your clients are calling you and you've given them that advise of invested a long-term well-diversified for pulling the plug mutual funds. What do you say to them today? Harry well I I say a financial adviser is going to be more hated than I am. That were passing the end. Up this bubble booms When it happens and and that is true most of the time. But what my work shows and clear the bell clears your heartbeat. Every second generational booms come about every forty years technology surges every forty five and then big bubbles every ninety years when you get east. T- turning points like the late sixties and stocks or the late the roaring nineteen twenty nine stocks or now stocked. Go Down Robert. And they don't get back to those levels for twenty three to twenty five years. I think this time with slowing demographics and the US we may never see the dow higher adjusted for inflation than it is recently so this is not the time to sit through it these type of long-term corrections or crashes after bubbles. They're going to be seventy to ninety percent like twenty nine to thirty two that by the way not small-cap stocks or penny stocks blue chip leading stocks like General Motors Ford and RCA. Back then went down. Eighty nine percent. The Dow and two point seven years can talk until nineteen fifty three twenty four years later to get back to even so when a stockbroker tells you that doesn't understand history. Harry hang on you got to take a breath and so what Harry is saying. Nineteen twenty nine with a crash came if you are holding waiting for the market to come back so in one thousand nine hundred eighty nine dollars at three eighty one. It took approximately twenty four to twenty five years to get back to three eighty one and when I was a kid nineteen fifties when I was growing up most of the people who are part of the Great Depression my parents and the people who are pounded by the Great Depression and the stock market crash. They were never in stocks there so gun shy of stocks and then in my generation the baby boom generation that brought back the Sangala 401k defined contribution pension plans and all this at the stock market took off so the baby boomers are caught pro with the proverbial pants down and now comes the next big crash. Which you've been forecasting for a long time airy so what you're saying. This one might be a long one. Yes because this is the culmination not only of the baby. Boom gigantic is your heading the largest generation history and it wasn't just. Us hit globally to to grow up in earnest. Money which is totally predictable. Average person peaks in forty six for the baby boomers and spending forty seven for the millennials today and then and then decline so. We started to see that declined to name her. This is a rich audience. Like me a little slow. We gotta speak a little slower. So what you're saying. Is that when a person hits forty six? That's when they're at the peak. Earning and spending and millennials is forty. Seven is that what you're saying. Yes the average. The average person for more fluent people college educated professionals. It's more like in the mid fifties but still average forty six so baby boomers if that peak collectively in two thousand seven something. I predicted like twenty some years before that. And we've been just what we went down big big crisis worst since the Great Depression but not as bad because they printed so much money to stop it and we've been living on quantitative easing ever since to make up for these slow down in this generation spending. That's simple and we're not coming out so let me so. Let me go back again. So let's talk to you. Know My generation. The boomers you know. What would you say to them? If they bought that they drank the KOOL aid. Let's say they have a 401k on IRA one of those things are Roth IRA. They've they've they've seen their portfolio per se. Go Up and now it's crashing. What advice do you have for them? I mean how do they do? They stay in or they exit. We don't give advice rich TAB. I WanNa hear your advice. No you get the hell out period. I think he may have one more. Little run left could be a couple of months. Could be a couple of weeks because the feds pumping in more money than ever with the Repo crisis and now the Krahn advisors but I think this is the death knell for the stock market. They can print money to stop. A recession stopped banks from failing companies from failing even stocks from crashing too much normally. But they can't stop this virus from spreading and it just kills business businesses. Stop people stop. Traveling people start stop spending. I mean my wife's not going to a of of women stay over tomorrow night. They're all coming in from New York you know. And she's you know she made the virus and she's over sixty like I am and that's what it hit. Its old people like you said earlier. So so this is something. They can't buy with money printing. They have kept this following far beyond when it should've peaked in two thousand seven and now they've got something that this doesn't work on so I think this is it so you have to get out of the way so Harry. I was talking to this young guy. He was He's a laborer. Was Painting parts of my house and he says you know. I bought a house like you told me to back in two thousand eleven you bought it for like I think hundred thousand and the reason round numbers and now it's three hundred thousand and he has no retirement is what should I do. I said I saw my house I went. I don't once again ladies and gentlemen at Rich Dad. We don't give financial advice and I definitely couldn't advise US guys. Only forty got three kids. He's got a job. Painting houses got no snow stocks. You and I are calling for twenty five year possible. Depression long-term deflation. What do you say to people what you because if he sells he sells his house? I sit where do you go? What are you going to do with that money? Let's say you have two hundred thousand dollars. I gotTa Pay Capital Gains Tax on it. What are you GONNA do any? He was clueless. I I got some simple rules Robert. I had become a bubble experts since the tech bubble crashed and early. Two thousand on top of demographics and technology and all these psycho because we are in a bubble era and the last bubble era we saw the roaring twenties. So nobody's lived in a bubble before and real estate was not the bubble back then. Because you couldn't borrow money so easily against housing back is very difficult so now. It's everything the rule for. Housing is real quick bubbles. Go back to where they started that that house if he bought it at the bottom of one hundred eleven and now it's worth three hundred K. My rough estimate is going to go back to near that level if he's comfortable sitting through one hundred eighty nine thousand potential decline in something he probably has a mortgage against maybe some home equity lines that he went on deck that fine. I think anybody with any brains would say oh no. I don't want to sit through that one in by the way The demographics I've got a new real estate model. That doesn't just project peak spending like other consumer categories. I have to subtract the dyers and guess what baby boomers are now dying unprecedented rates and will continue to do so into two thousand thirty nine or forty that takes down the net demand even takes it negative at some point for real estate so homes are never gonNA appreciate like they did this boom even in the next boom so it's better especially older. People who retiring lot of baby boomers are realizing they didn't say per retirement. 'cause they're living in good times thought they didn't need to and now they're saying. Oh wait a minute though might make mansion which I don't need now that my kids are gone. I can sell that instantly. Fund my retirement plan and rent my retirement home. I think that's really excellent vice. Do that

Harry United States ATF General Motors Depression IRA Rich Dad New York RCA
Stock market volatility and your 401k

Clark Howard Show

06:59 min | 6 months ago

Stock market volatility and your 401k

"Talk right now about the stock market because there's been a lot of anxiety and people about their 401K's Roth. Ira's or regular investment accounts because for many people who were not of age yet during the banking scandals of Oh seven eight nine in the massive decline in stock values during that era. There's really no history. You have to know where this goes from here. Just see you know. During the financial crisis from seven zero nine stocks fell just under sixty percent in value in a relatively short number of months. And I want you to know how this all plays out so the you make what is the potentially the best decisions I am. I going to say right decisions with your money because every situation has its own wrinkles and differences. But I want to tell you what the odds typically are working for or against you. So there was a wonderful chart that morning star put out the shows. Various huge stock market declines starting with one. That was up to that point. The worst in the history of the stock market except for a brief period in Nineteen. Twenty nine and. That's the nineteen eighty-seven stock market crash. We're in just a few days a massive amount of US investments. In just days were wiped out. Now it goes through a variety of things. You may not know except from history. The first Gulf War that happened thirty years ago and what happened with the market then there was also a a back to back thing where in Asia uh breakdown and the financial markets and in the flow of money and caused a huge decline depression in many countries in the late ninety S. Then we had a tech that burst back around two thousand. We had the financial crisis I just talked about. And so you've got these. Instances that had very very very large declines. The one in nineteen eighty-seven ended up being a net decline after the initial much. Larger one of about thirty five percent and that all happened in just several weeks like the situation. We're in now but the losses could be larger today now interesting enough. When the decline stopped the recovery over the next year did not make up. All those losses only made up two thirds of the losses. If people held in the game they had very nice recovery but not following twelve months. People did not make up all their money and it varies from time. After time in the Gulf war scenario stocks fell twenty percent in just a matter of a small number of weeks and then in the next year went up thirty percent when the problem happened in Asia. Us stocks in about five weeks dropped twenty percent and the following year went up thirty eight percent double that now the tech bubble that when that burst in two thousand the decline continued for almost three years and the market loss fifty percent of its value but then in the fourth year stocks gained back. Two thirds of that again again not all of it but two thirds of the loss financial crisis is. I mentioned briefly a minute ago. During the financial crisis stocks fell just under sixty percent over a year and a half period and then over the next year they gained seventy percent the decline seemed like it was. Never GonNa end and we would never recover from it. And so each of these times that had brutal effects on stock investors. The only people who actually got hurt where people who sold and didn't wait for the eventual recovery this psychological harm for people right now seems to be magnified because people have the double fear of their health and the well-being of their fellow family members. And they're not around their normal social networks so they have more time to freak themselves out and then they see the value of their accounts if they're looking to closely going down down down so we're down over the last couple weeks. We have lost three plus years of gains in the stock market so in two weeks we lost three years. But you only lost that three years of gain if you sell so I encourage you to really think once twice three times before you act because if you sell you lock in the losses if you stay you could have more losses. True going forward for now but there's nothing about our economy that fundamentally says it is toast right now. The economy is going in the toilet. It's basically going into hibernation in the short term will be brutal for investors and for every day all of us in our lives living our lives as we're used to but the recovery will

Asia IRA United States
Covid-Who?

Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment

09:23 min | 6 months ago

Covid-Who?

"Thank you for spending some time with me today. Listening to the POD and man. What a crazy time. We're in right now. The toilet paper apocalypse. That's we're living through right now. We may survive cove in nineteen but none of us will be able to clean our asses. Okay it's interesting. You know because in a lot of ways I'm very removed from normal people life and when I say normal people life. I don't think any of your normal okay. Let's be clear but but you followed the social norms right. Married kids homeowners 401K. Like all the norms and for me I voice followed my own path and done my own thing and done it my way because it's just who I am and I say that to explain to you. How far removed? I've been this like corona virus hysteria. see much news you know. I stopped watching news during the last election because our whole country turned so hateful an ugly to one another. I WANNA be a part of it. It's actually really embarrassing to me to see people's behavior and to know that like that's what the rest of the world thinks of America like it's just embarrassing to me and I actually really love politics by in True America style. We turned it into a giant soap opera and ruined it. But I'm pretty far removed right so I don't I don't see a lot of news I already worked for myself in work remote so I don't have co workers in an office building to worry about. I don't have kids so schools. Being canceled doesn't really affect me right so I'm just cruising along business as usual kind of oblivious to what's been happening in the world because I live in my own little bubble and create my own world I had no understanding how all of this was affecting people and their families and this is really what I want to talk about. Today is the impact this is having on us as individuals how to protect our sobriety during extra difficult times like this and how to manage the anxiety that comes with all of these weird circumstances that were faced with. Many people are now working from home. Office buildings are closed down obviously restaurants I think most of the grocery stores are still open. I know a lot of them have shortened. Their hours gyms or closing Schools are closing right. Kids are home in my state just yesterday. They cancelled school for the rest of the year. They just announced yesterday like Don for the rest of the year. And everybody's kind of talking about like. What the heck are we going to do? And I think for me like I was just cruising along business as usual i. It hasn't really affected my business so to speak but I was hearing a lot of my friends talking about especially coaching friends right talking about their appointments drying up like people aren't scheduling and in their getting scared. They're getting in some financial insecurity right. Because we don't know what's going to happen. Are People really not purchasing? And I posted this and the facebook the other day because I had like two friends in one day that are not entrepreneurs but they have their own private practice. They work for themselves and they were talking about this exact thing like. Oh my Gosh I look at my calendar for the next two weeks like nothing's going on my phone's not ringing. I don't know what I'm GonNa do and I started thinking like our people not spending money and I posted this in the facebook group. I was like a my missing something or people not spending money like I don't understand and one of my girlfriends in California who I adore. She's fabulous and she's she actually called me his. She's like Angela. No people aren't spending money. Everybody's freaking out. Their kids are home. People are losing their jobs. Like I didn't know people were losing their jobs. I didn't know that was happening. Like why would people lose their jobs but when you think about it? The economy is going down. People aren't leaving their houses. Obviously a lot of businesses are going to be affected the travel industry my very best friend works for a jain norms resort hotel in Phoenix and a ton of people are getting laid off right because all their numbers are down. So I think because I'm just in my little bubble I don't recognize these things right because I'm not a part of that world so it's been really interesting for me to see the true impact. This is having on people in the fear. That's coming up because of it and I wanNA talk a lot about that stuff because I don't want everybody going off the rails like this is a tough situation. I get that and the stock market right. It's all really weird and scary and causes a lot of stress and fear financial insecurity. Fear of the future and I really would love it if we could just keep it together. Try Our best not to fall apart. Have some really strong coping mechanisms right. So we're not turning back to drugs and alcohol and just get through this challenging time together more than anything. Let's just get through it together and for those of you that are not in our facebook group. I really recommend you get over there and join the facebook group FACEBOOK DOT COM forward slash groups forward slash addiction unlimited. I'm doing a lot of really cool stuff in there. I'm doing free online meetings. I say online groups because I don't do anything a specific or smart recovery or celebrate recovery. I like to just have a recovery conversation because of course. I don't like to follow anybody's rules right so if I did in online. Aa or NA meeting that I have to follow their rules. And I don't WanNa follow anybody's rules. I like own rules. That's why I do all of this stuff on my own. That's why I have a podcast. That's why created my business. That's why I mike courses because I like my way and I like my rules. My rules are let's love everybody and I don't care what your path to sobriety is as long as you have a path to sobriety. I WANNA support you in that and I want to help you do it to the best of your ability and I want to help you be successful. So we're doing some online groups right super laid back. We have a lot of fun. You guys know I do Monday. Night Group coaching. That's always been a thing and this is free. I'm just throwing some of these together for people to register and do this for free because I want to support you guys getting through this difficult time and making sure that we get through at the best that we can and we cannot do it alone so if you want to know more about those groups as I'm posting them I'm only posting them in the facebook group so I suggest you get you little buns over there and join the facebook group so you can jump on some of these online meetings. We're going to be doing and I'm going to be doing a couple of day right. I'm trying to do one later at night. So that it's available for people. Certainly my people on the West Coast a lot of people in California and their two hours earlier than me. So I'm trying to do some later in the in the nighttime for me. So that our folks on the West Coast can join us also Also for our people in England and Australia New Zealand right. I'm trying to do some different time slots to accommodate as many people as I can. But you're only going to find out about it in the facebook group so get your buns over there and join the facebook group so one of the things. I WANNA touch on really quickly. That just came up in the facebook group the other day this is one of these stumbling points for people when they want to get sober right you guys. Drinking and using drugs takes up a lot of hours a day right. It's it truly. Numbs you for many many many hours and where I think people struggle is. They think that they're just going to stop drinking. And not have the next drink but they don't WanNa put anything in all of those hours that they would have spent drinking so if you wanna just not drink and sit around and obsess about not drinking. You're going to lose the battle. You have to fill those empty time slots you cannot all of a sudden have an additional eight to ten hours a day of nothing to do right that you normally would a numbed out with booze and just leave those hours empty. You are not going to win that battle. Okay in this is why we say this is why I say. I don't know if anybody else does it for me. Being sober and being in recovery is about building a new life right. I can't just quit drinking and remain the same. Selfish self centered. Lying jerk off. I was when I was drunk right. I'M NOT GONNA stay sober if I remain the same jerk off. I have to rebuild myself. My Self Esteem. I have to rebuild my life so that I'm living a life that I'm proud of as a human being that I'm proud to be. That doesn't just happen because you stop drinking. You've got to fill in your time. You have to spend time with yourself figure out who you are. What do you like to do? You have to figure out some hobbies you have to figure out how to expand your energy in positive ways that you feel good

Facebook California America Phoenix West Coast DON Angela Private Practice AA England Australia New Zealand
Future of Football: NFL Players Vote and 2020 Plans

ESPN Daily

07:39 min | 6 months ago

Future of Football: NFL Players Vote and 2020 Plans

"Let's start here. The votes have been tallied. The players voted. Yes on the new collective bargaining agreement. one thousand nine hundred eighteen to nine hundred fifty nine. Why was the vote so close? Oh I think it sort of speaks for itself. I think the vote is close because you had a group of people who certainly cared about certain issues in the collective bargaining agreement. We made it in a really big issue that our players be informed. I think that anytime. You have a well informed group of people and people who waste things differently you can certainly expect an outcome that that might not be a large majority one way or the other. What would you say? Was the biggest win for players in office. In a collective bargaining agreement that instantly raised the salaries of our core by twenty percent that benefit that increase goes into effect a year earlier than it would have Increases in benefits Hr as 401K's to ensure that the proceeds that are generated from the work. Our players do is captured and fairly shared in a country. Where virtually no large company is certainly creating new pensions and certainly not increasing pensions. We are a large corporation in the in the United States. That not only has secured pensions for another three four generations of players but also increase the pensions of every former player prior to two thousand eleven in bringing them up to a twenty eleven standard for their pensions. Those things are huge. I think the biggest point of contention amongst critics has obviously been the seventeen games. The argument well yes. We made advances in terms of revenue share. But perhaps the players could have gotten more concessions in exchange for giving up. What was really the biggest lever they had? What do you make of that argument in any game In any political contest or is always going to be speculation about whether you could have gotten more and what we have done and what I've always insisted on is at times being brutally honest with our membership about what's on the table. What are the gains? What are the trades? Really? You're talking about leverage right. I mean this notion of this argument. I suppose that the League you guys could have gotten more comes down to how much leverage your side of the negotiating table had Sa- let me ask you this. Do you think the Union would've lost or gain leverage if this had pushed into next year the leverage that we had now was strong and it's known leverage we know when the TV contracts expire We know What the was projected to look like and that was even before the things that have happened in the last seventy two hours I certainly hear people who say Look you know you guys are GonNa have as much if not more leverage next year. Well the only thing I would say to that is negotiating a deal. Where if the answer is no that you find yourself out of work? I would argue that that is less leverage than we have. Now Saturday night you sent out a letter expressing your thoughts on the deal. You wrote that you believed ratifying would insulate your best insulate players from economic uncertainty compared to the billionaire owners. Who already insulated from that? Were you referring to the current state of the world with the krono virus pandemic causing so much turmoil indecent that weight on players as well do I think that the events of last seventy two hours impacted some of the people vote. Yes Do I think that it also resonated because one of the things we certainly teach our players were the lessons of two thousand and six in two thousand eight and the lessons from Twenty Sixteen two thousand six? The owners entered into a new collective bargaining agreement with the players. It was supposed to last for several years The owners opted out of that agreement within two years. Why will they understood that they were on the verge if not in the middle of One of the largest economic collapses in our nation's history and that's why they opted out of the deal when they opted out of the deal they were far more insulated against economic downturns than than any player And that was one of the reasons. Why heading into the twenty eleven deal. I strongly believed that an opt out. Generally newer is to the benefit of those who are more financially prepared more able to take advantage of changes in the economy or changes in the market than than perhaps players. You fast forward to two twenty fifteen sixteen seventeen and for the first time in history there were decreasing numbers of people watching football games if I was advising the owners during that downturn in In viewership and there was an opt-out available to the owners in a system that paid players fifty five percent of television revenue. I probably would have advised the owners to exercise any opt out because there there were significantly changed circumstances. It's my job to evaluate those facts and to give people of their best advice and We understand the tough choices we have to make and I understand the tough choices that players Have to make do you. Were in an unprecedented time for sports. But as of now as leagues across the world are canceling things The NFL calendar is not really changed. The owners meeting was cancelled now. Obviously there's quite a bit of time until football begins. But what do you make of the lack of movement on that front? Well I can only tell you what we've done. We retained several of of the best experts in the world on pandemics infectious. Disease Containment Mitigation will be engaging the League on what we think are the best practices and the recommendations in order to not only protect the health and safety of our men. But you know as you know the decisions that were making affect society at large and that's a question as a group of Americans who are obligated to think about our

League Football United States Union SA NFL
How to shop for life insurance

Clark Howard Show

03:32 min | 7 months ago

How to shop for life insurance

"There's a question I get Amazingly often that shows that people are really confused when you try to buy life insurance. There's a Lotta Lingo and there's a lot of choices that you'll be thrown at you. I let me explain something to you. The people who sell life insurance the individuals who work as life insurance agents are really only they are to pitch you life insurance policies that have some kind of add onto them either the equivalent of like a savings account or an investment account or something. They claim that can be used for retirement or policy. They say magically will pay for itself Blah Blah Blah Blah. They have to try to push on. U Ultra complicated life insurance policies because if they sold you just plain vanilla straight life insurance policy the commission they earn would be so low that it wouldn't even be worth the gas that they'd have to put in their vehicle to come see you to explain the life insurance to you but on the other hand these really really complicated life. Insurance POLICIES HAVE GIGANTIC COMMISSIONS. And very very very high costs for you. The whole life variable life universal variable life indexed universal life Blah Blah Blah Blah Blah. When the name gets long you know it's bad for your wallet in Life Insurance for almost all of us except those that earn really an amount greater than four hundred thousand dollars a year which is almost nobody. The life insurance that makes sense is something known as level term insurance all it does in Ob derisively referred to back commission agents is. Oh that's just death insurance. Oh my goodness why. Are you buying life insurance to provide for those? Who are the living after? You're gone your loved ones your family. So the purpose of life insurance is to provide replacement of income for those who are left on earth when you're gone and nothing does that better more efficiently or cheaper than level term insurance. You buy in amount of insurance the easiest back in the envelope recommendation. That may may or may not fit. Your situation is ten times in life insurance. What you earn per year so if you are in fifty thousand dollars a year you by five hundred thousand if you are in twenty five thousand dollars a year you by quarter million and if you make one hundred thousand you buy a million. That's just just absolutely that's like playing horseshoes. It's not accurate but for many people to get you close so with level term. All you're doing is you're buying coverage for typically ten fifteen twenty or thirty years that pays only if you die in that ten to thirty year period.

Coronavirus corrections and the rise of remote work

Equity

09:23 min | 7 months ago

Coronavirus corrections and the rise of remote work

"Let's talk about the markets. There's no avoiding this. If you track technology if you track startups venture capital all that good stuff you see what happens to the public markets and in the last couple of days. It's been a complete shellacking. I think it's pretty much the only way to put it. We haven't seen declines at this magnitude in some time and it's gotten everyone in the talking about what's going on and what might happen next. Danny just giving you a gut check to the listeners. And all of our friends out there. How surprised are you by this eventual and kind of finally happened moment in the US stock market completely? Not surprised I mean I I I. We're not allowed to actively trade but I did trade my 401k portfolio into a money market fund. Like two weeks ago. So I'm quite pleased with the The the choice I actually sold at literally the peak a couple of weeks ago and so so I feel vindicated like my. My retirement is secure all five hundred dollars of it. I was GONNA say this is not actually a show designed to. Let's Brag but I'll give you three points for that one. I'm doing the old fashioned like long term investing. Keep your money where it is. Let it do whatever thing. So we'll see who's right in the end for people just catching up though if you're not active in the US stock market stocks have fallen tremendously over ten percent last couple of days and that was is really been kind of following the US news cycle so as the corona virus. The kind of thing that has come out of the disease world. I'm not a doctor that's best. I can do has become more prevalent both internationally closing more borders impacting more economies heritage anymore trade routes and also popping up here at home. Concern has risen. Also we're beginning to see impacts of the lengthy shuttering of large parts of China reflect it in trade and supply chain disruptions companies like Microsoft booking holdings which ones booking dot com and utanics have highlighted issues in their revenue and earnings coming up so the the slowdown is here after weeks of talking about any kind of expecting it and finally Goldman which you've all heard of they forecasted that. Us companies will have zero growth in twenty twenty which is pretty damning because growth is kind of what powers the stock market's expansion and that's kind of the the bad news. Sas companies are also taking a hit any. Am I missing any Any bad news here. Obviously people are dying Thousands of people are being marooned hundreds of millions in China and around. The world have been quarantined so those are the headlines but I I think what's interesting is is. There's there's two patterns here one is I want to focus in on zoom or let's call Zoom Zoom Zoom. The video conferencing software. That also helps us. Equity is having the best time of its Goddamn effing life so they they have doubled the stock value in just the last couple of weeks from the low sixty S in early December to about one hundred fourteen as a recording the show so eighty eighty dollars per cent and its market. Cap is now at almost thirty. Two billion dollars and I I I'm kind of annoyed by this. But it's Kinda funny just to point out that therefore pe ratio is four hundred. Thirty five right now and to Yahoo Finance has them as overvalued but I do think I do think the virus I mean the upshot of this is that because all the flights are being canceled. You know a ton of conferences. We just heard today that F. Eight the big facebook developer's conference were hearing. People are pulling out of the game developers conference. Sf next month GTC. There's even talk about Tokyo Olympics later this summer possibly being cancelled. I think we're actually going to see a huge gift around remote work. We talk about remote work. We've seen a lot of companies in recent justed around in a company. That's doing like remote conferences. But I think the virus is really going to force companies and decision makers to really ask like. Do you need to fly to do the sales meeting? Do you need to fly to this conference to learn something? Do you need to drive to a seminar and I? I do think we're going to see a shift in the economy where people go actually remote. We're Kinda works okay. We're we have tools and and and it's changed a lot last decade. Yeah I mean won't people might not know this but tech crunch itself as relatively remote I organization and my work history has been majority remote. I worked for with the next web for my first four years as a journalist and they were based in Amsterdam and I was in Chicago and then SF. I never went to the actual office once in that time period so to me this is relatively normal but I think for a lot of folks. He's always been discussed point. Not a re- realize reality so I'll be curious to see if that does work up. Certainly zoom other future of products and other companies. That kind of service people that are not in the same room might do well. I would say given zooms rapid value appreciation that racine's active trading as opposed to fundamental value. But certainly it's a stock to keep in mind if you haven't caught up on what's going on with red at Wall Street beds and the Stock Market. Take a look. It's kind of fun if you WANNA get a window into how the chat rooms of the nineties that helped pump stocks have now turned into semi closed at four. It's quite adventure zoom. I'm not saying it's part of that pump and dump world but it reminds me of some of the value appreciation. We've seen at other stocks that have him in the last couple of months. I think you know this is a question around Tesla. We brought up in a bunch of other stocks. Might take away from that is if you're trading over the counter OTC stocks penny stocks. Okay fine there's not a lot of liquidity. You can actually do a lot on the ticket and whatnot stocks. Let's zoom as an example thirty two billion market CAP company. You have to have a lot of money to move that share price one way or the other. If you're maybe maybe everyone's long and therefore like almost no one's willing to to sell and so therefore your your price gets kind of moved higher and higher but my my assumption is that that's not true and certainly for most of these big tech companies like Microsoft near trillion dollar market cap company. Like ain't no one can you. Can you can be you know. Warren Buffett Go. I'm going to buy the whole stock and the stock price will early move. That's the scale. I think we're talking about love the shares so it might change as the Margaret hits volatility and and whatnot but to me. It was blown way out of proportion. Well I hope so. That would mean there's less manipulation the stock market in values and more reasonable. So let's hope you're right but it is a fun story regardless but let's move along away from the main public markets to talk about a company that wants to join public company world which door dash after quite a long time of hearing to this company will go public kind of a needed win for both. Softbank And the Vision Fund Jordache filed confidentially to go public. And Danny. I want you to tell us the difference between filing to go public and filing privately to go public yes for companies that are under about a billion in revenue the jobs act plenty twelve allows startups to file basically there s one without having to do it publicly so generally speaking in the process you file publicly which means you literally to the web and then the SEC gives you feedback on that dock. You might make changes some some individual if you remember like what was a community adjusted revenue or some of these may not it was community adjusted so it was adjusted. Eba which is already super chested. Right brave ever GonNa give back on that. This purchase designed to encourage companies to go public earlier at least get feedback on there. S ones and to do it in such way like if if the numbers don't turn out well or some things get blocked by the SEC. You have time to sort of recover without kind of embarrassing yourself in public. The reason we actually find out about most of these confidential s ones that the bankers know that they're going to become real public wants and so the file confidentially then leaked to the press and go. Gee someone somewhere has filed something things about this one. Why would the companies do this? Well if you let these file privately when they're smaller it lets them a decrease in the amount of risk they take on making the on ramp to public markets have been easier and the number of companies has fallen sharply in the last. I forget the timeframe like ten twenty years. So this is a way to help. Bolster that number again and also with if you recall back to Osama's private IPO file or private direct listing filing. I guess technically they are putting out press releases saying we've done this. So they're they're filing privately telling you publicly they will go public but it's private for now and that's very twenty twenty but it's also. Kinda key dynamic to understand you look at the IPO market for this year. Now announcing your stealth fundraise. Yes very much like saying we have cool things over here. You may not see them. You're exactly it's the it's the sneaker drop it's yes it's the sneaker. That's the thing when shoes come out for a short period of time. I'm not cool. I turned thirty. I lost all ability to have coolness anymore. Now We're both in our thirties. Now which I think means that will never be cool again on door dash though Danny mentioned that if you have less than a certain amount of revenue you can file privately. Keep in mind that door dashes right about the sides so we have a suspicion that this was kind of the end of the time period in which they could file privately. Because they're about to be to Lart so let's get into the numbers and talk a little bit about what we have here. The company is worth around thirteen billion. But which is a large number not the most valuable private companies have ever seen we work at its Peak Uber Pre IPO. Those were both larger but certainly a decca corn and evaluate company. The company was valued at one point. Four billion in two thousand eighteen to give you understand how fast it's appreciated in value and that is driven by tons and tons of private capital often come in through the lens started after lengthy accounts of Division Fund but the company has attracted capital firm Kleiner and sequoia throughout its history. So a lot of backers. Put a lot of money this company for different reasons at different stages. But it's welland and it has some comps so we're not talking about a company completely abstract Danny. Just run us through some quickly and then we'll talk about its results. Yeah so I think the the the big cop here is so you know Oberlin public. We now have a lot of data from ubereats which is one of its sub business lines but in Q. Four thousand nine hundred ending December.

United States Danny China Microsoft SEC SAS Yahoo Facebook Warren Buffett CAP Olympics Chicago Lart Ubereats Racine Developer
Wall Street drops on coronavirus fears

Marketplace with Kai Ryssdal

03:36 min | 7 months ago

Wall Street drops on coronavirus fears

"No I know a thousand points ain't what it used to be and sure the fundamentals of this economy are mostly strong but Wall Street reached out and grabbed our attention today nonetheless. Not at all pleased with the code. Nineteen News maybe. What's most called for right now? Though is a little bit of context. So here goes. Andrew is felt is a professor of finance at the Anderson School at Ucla. Professor. Thanks coming on. Thanks for having me so you saw things happening this morning as we all did and you thought what I thought. Oh No okay yes. There's that but did you also think what took them so long because it's not like the corona virus hasn't been bad news coming for awhile. That's right I did think a little bit. You know why why now. I think it has to do with the fact that we saw this. You know pretty major outbreak in Italy and actually cancelled their biennial festival seeing that kind of contagion to Europe which I think we actually should have expected but it does seem to freak people out of it. Can You contextualized this for me? Just in terms of the global environment were coming off a trade war. Well the trade war still going on. We've had a phase one deal right. There is slowing in the global economy. And now this discuss yes. I think given everything that we've seen. I think I think investors really want to see good news and I think they were seeing everything with some rose colored glasses but we have had some bad news we have had the trade wars we have had this corona virus as another disruption to trade and also just potentially troubling for China which is such an important economy these days in the global Global space of things. So I think people are finally waking up to the world is not as rosy as we would we would maybe like it to be with the all important caveat that one ought not check ones 401k on days like this I if I'm In you know a tumble Iowa. What do I do with this news today? Keep watching what's happening but don't rebalance your portfolio absolutely not We WANNA B- long-term buy and hold investors not reacting especially not selling bad news rights being of long-term buy and hold. Can we spend thirty seconds on the bond market please? It is now incredibly cheap for the Federal Government to borrow money the ten year which we talk about on this program. All the time is like four year lows when you look the bond market stocks. What do you think I see a flight to quality there? I CNN. Inverted yield curve. Which I think the Fed will be paying very close attention to I think we have a very nimble and very well working Federal Reserve. Well I was I was just GONNA ask a little game. I like to plan this program. Sometimes what is Jay Powell thinking in five words or less I'm watching the inverted yield curve? That was six but I'll take it. I'll take it. That's Andrea highs failed. She's a professor of finance at the Anderson School at Ucla. Professor thanks a lot. I appreciate. You thought it was fun to be here I just add a quick explainer. Professor Fels contextual wisdom. There that thing she said about the inverted yield curve usually in the bond market the interest rates that is the yield on longer term bonds are higher than on shorter term bonds sign of economic confidence. What we've got now though is shorter term treasuries the three-month bills specifically paying a higher yield. Again that's interest then the ten year bond which is to say it's a sign of maybe not so much confidence so that's the thing that she thinks pal is looking at which is probably true

Andrew Professor Of Finance Professor Ucla Anderson School Professor Fels FED Andrea Highs Federal Government CNN Jay Powell Europe Iowa Italy China
"401k" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:57 min | 2 years ago

"401k" Discussed on News 96.5 WDBO

"Retirement what's. Your. Story My company gives us the option to choose a lot are a so I did that but I also want to know if I can get. Up my own our a. Independent. Of, the company and still get the benefit of that money. Being tax free Yes so with an employer would be a Roth 401K Oh okay and then what you do on your own would be a Roth IRA and you can, do both and like to start with the employer plan especially if they. Employers matching Kenny of your contributions in the raw? 401K do, you know if. They, have. A company match they do. And I am okay great so you grab, that match and then if you want to save, more? Then, you're allowed to do the the employer plan. Then yes you can go open your own Roth, IRA the only limit would be if you're earning big big, money that once you get above a certain. Income. Level you're not allowed to do a Roth IRA I'm pretty sure I don't Okay so as long as you are are doing one year, free to do the other and if you do both in, you really fun those things it puts you in a position where you're in. Really good shape for retirement Excellent thank you so much I wanted to say one other thing is. That if the employer plan you have is a low cost, plan you know they have to disclose you what the fees are you pay Whoa cost you could open your Roth IRA, potentially with the same company that handles here raw 401K so you're only having to deal with one company instead of two on the. Other hand of the employer. Plan is is one that has relatively. High. Costs.

Kenny 401K one year
"401k" Discussed on WSB-AM

WSB-AM

03:20 min | 2 years ago

"401k" Discussed on WSB-AM

"Returns ours amazing to me i'm pretty simple minded as far as funds are concerned i don't get super creative and so i would like you know simplicity but they have the only index that movie actual 401k provider has as far as you know indexing everything else expense wise is more than what you know what the so i have a question for you does your employer offer a match on this plan no no and that doesn't bother me only because they do offer pension okay so as far as how i wouldn't look at this how much money do you want to say per year for retirement well i see i maxed out on all of it you do yeah 401k and in the ira's for my wife myself that's fantastic that is great you should be really proud of yourself greg i you know i've always been a a really good sabre but a really really poor investor but the savings still seems to you know stuck with me well you know if you if you feel like you have trouble allocating your money my favorite is for you to go in the target retirement fund choice i mean that would be fine you know on the provider data have with say the name already i know i don't want you to say the name of the company that i have in my ira who i like i have do you have the target which are going gonna find that i'm using right now that's that's fine and i'm doing i'm doing very well they're okay with the employer plan how big is your employer how many employees very big yeah and and this is the odd thing is that it's the piece that i'm part of the union we're not all unionized but the piece that i'm part of is union the union the union pick this rotten provider correct you gotta be kidding me no all right so that is you know employers had been being sued left and right by employees ease for putting people in these trashy 401k's from the high cost providers like insurers and stuff so why don't you go make a fuss with the union i have i have and they won't even even if i wanted to switch it over to you know an ira they wouldn't even let you can't let me that you can't do that as long as you're employed gotcha so as soon as you retire you'll be able to move the money from the ultra high costs for a one k into your own ira and do that but this is tough because you have a plan that has outrageously high expenses where the union is ripping off its own membership and who knows what's behind the scenes on that but the advance vantage long term of having the money grow tax sheltered to you're going to need it may make that a better decision since you are such a mac saver so i guess if you can't change the whatever dirty stuff's going on in the union do the good stuff you're doing which is continued to save the max of which you.

401k one k
"401k" Discussed on KDOW

KDOW

02:25 min | 2 years ago

"401k" Discussed on KDOW

"401k always outperform a 401k because you don't have all that expense so the idea is you're always trying to look for that stockbroker that company that brokers going to you know what he's doing he's going to the brokers are not going to spend that kind of time with you unless you have a million million and a half dollars you just get thrown in a group if you're in a 401k it's even worse because you've got jobs for managers because they only get paid and how much money they can get into the fun they don't get paid on performance pension fund managers get paid on performance what's a financial adviser that is a term that means almost nothing it is somebody who might be a financial planner or could be a broker who is really a salesperson most people don't even understand what a 401k is and now the economy's so fragile because think about interest rates higher interest rates when you hear about the ten year treasury yield going up that means something when you hear the yields are going up on a ten year treasury that hurts that boost borrowing costs for our government for the net interest on the national debt that means our government now can't invest they don't have enough extra money to invest and bridges and roads and that hurts because if we don't have the best transportation systems we we bring somebody in from from france that wants to come over the united states we bring someone in for from venezuela was coming united states bringing three thousand people they don't come here they go to they go to canada were they got tremendous transportation systems up their modern airports so the problem is when interest rates go up there's no money for us to invest in a modernizer airports are row system and therefore the country doesn't get new businesses coming in we're getting killed but when you don't know when you hear these people talking you won't even think that's happening the economy to the us domestic economy is on fire i say really really really well perfect wonderful i mean is really really doing very well and that's maybe why we've got.

france united states venezuela canada 401k ten year
"401k" Discussed on News 104.5 WOKV

News 104.5 WOKV

01:43 min | 2 years ago

"401k" Discussed on News 104.5 WOKV

"We're well anyway mike your mike i know you're there how are you doing okay you're in the south side and you're interested in life insurance is that true correct i currently have group life insurance through my employer as well as my 401k pension and everything else and looking to kind of mayes on diversifying my benefits to a index universal life because of additional benefits that it allows over some other things i know they're not able to advertise it is and in the best men type but it allows an investment with cash value that i understand and kinda had my eyes opened with the last tax season contribute more than my company match my 401k and it's all pretext and i just don't see the benefit than i was expecting to lower my taxable income with distributing more to my 401k so the index universal life i would be tributing after tax dollars and i'm wondering if that is smart route to reallocate some of that money are you looking for an investment or are you looking for insurance.

mike 401k
"401k" Discussed on KBNP AM 1410

KBNP AM 1410

02:14 min | 2 years ago

"401k" Discussed on KBNP AM 1410

"A traditional 401k and a roth 401k is that correct if so how would you suggest i split the eighteen thousand between traditional and roth 401k also is it possible for me to start a roth ira while having a 401k account is the limit fifty five hundred should i start a roth okay so a lot of questions year old tyler right this is not an easy one because he's obviously getting started at a fairly young age twenty years income making good money he's gonna have you know fairly good income at one hundred thousand for a single individual i would normally say let's go with the tax deductible and use the tax deductible savings to do the roth ira contributions yes at a hundred thousand you can do the roth ira pressure but while single right yeah single but the problem is if you start doing eighteen five a year you can do eighteen thousand five hundred this year all into the pretext plus a match a healthy match you're going to be building up a ton of pretexts money over time but i still like that i like the income tax deduction but if you're making one hundred thousand at twenty eight what are you making it thirty eight forty eight so i would i would use that's a that's a tough tough question because i don't like giving up that tax deduction in the twenty four percent income tax bracket but i also know that if you keep going the way you're going you're going to have a ton of money in pretax accounts and it's gonna be costly later on so i would do a blend and for lack of a better more mathematical equation right now i would probably do fifty fifty because that match is going into the pretext side so if you're doing fifty and you get the match on top of it you're going to start building up both of them at about the same level the you're going to be able to build up so half the money's going into iraq more than half the money from the whole thing is going into the traditional but now you can also do the roth ira which is going to be kind of like the matching contributions so you're gonna be bringing both sides of the tax deferred part and the after tax potentially roth taxfree part up in unison so you only have big accounts of both so i would do fifty fifty on.

tyler iraq 401k twenty four percent twenty years
"401k" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:47 min | 2 years ago

"401k" Discussed on News 96.5 WDBO

"For for individuals but we're now seeing ways and by the way we did last year but we're seeing ways to be able to pull money out of retirement accounts so for example your 401k's your ira's and stuff like that for certain individuals you'll be able to pull some money depends it's different free individual but you beautiful some money all those accounts and pay zero tax on it right now that's a really really big deal and it's a big deal for two reasons a we don't want to have to pay tax on on all that money we've been told we're gonna have to pay ordinary income tax on the money no matter what point is it's not necessarily true so for some people you'll be able to pull money out but what if you did first of all what if you could pull money out tax free that'd be great now but what if he didn't know and you went past two thousand eighteen and you could have pulled money out if your you know your ira or 401k or for three zero tax on it okay and then nobody told you about it i mean that's a huge mess so you just you have to understand how it works what the advantages what the disadvantages are chris and this is why we have cpa's and the office right because we want our clients and then certainly people who calls up at want more information from our show we want to give the opportunity to sit down with a cpa get answers to these tax questions you know do that complementary here's the way i think about it kristen i mean i i feel like we can help most people financially with their with their investment plans were happy to do that i think we can also help a lot of people tax wise if we're doing both of those things for individuals were adding that much more value that's why we want to when we talk about having a comprehensive approach we're not just looking at trying to jam you into some kind of an investment product you know we wanna make sure that we put together a great financial plan great tax planning and even estate planning but if you want more information about these tax laws and how could potentially help you give us a call sign up you know scheduled appointment for.

chris 401k
"401k" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:38 min | 2 years ago

"401k" Discussed on WBZ NewsRadio 1030

"Invested but a trust is a title like if you have a bank account in your name say husband and wife jointly if you implement an irrevocable trust if you want to keep the money in the bank all you do is go to the bank with the trust and say change the ownership to the trust right you don't have to change your investments it's only if you want to and unfortunately don't realize the flexibility or you know that right you can still have income coming in the investments don't have to change the only issue with that is where it gets complicated are confusing is retirement accounts if you have an ira or a 401k you cannot change ownership of that because that would be taken a distribution which would be taxable but unfortunately you know i've seen situations where people have implemented here revoke able trust and they getting wrong advice and and this is a situation that happened years ago and they went to this professional so called with the trust in each said oh you got to sell all your stock and put it into an annuity and i in this is this is why i think you should do this and and the husband had the start forever you know he used to work at the at the company and they did not want to sell it would have been huge capital gains and they didn't see the benefit when she came in to see me i explained you don't have to sell a stock my and all we did was call up the brokerage and say just she wants to change the stock into the ownership of the trust and she was so grateful that all we did was that right and you know in my opinion that was just poor advice rarely for compensation to the adviser i commissioned an i didn't make anything for that because i was just changing the ownership of stock i didn't have.

401k
"401k" Discussed on WLAC

WLAC

01:49 min | 2 years ago

"401k" Discussed on WLAC

"Biggest downfalls that a lot of retirees make when they first get retired or sometimes when they change jobs and they have a 401k and maybe it was growing really well for him but they think you know i'm just gonna leave that 401k in the 401k status so there's actually a big difference between a 401k status in an ira status their tax the same right but the investment choices that you get with in those different those options are very different 401k's much more limited than an ira 401k's are really built for growth and growth only in ruin retirees get into retirement mode and they're looking at preservation or they're looking at income creation or they're looking at legacy creation a 401k is not the right place nine times out of ten great for that person to be in and here's the big one that a lot of people don't realize when you pass away your heirs with an ira have options to help them manage the tax liability if your money's in a 401k in most 401k's i've seen a couple of exceptions to this rule but for most 401k's your heirs get one option it's take it all now and pay the most taxes 401k's are set up because a lot of times it's convenient it used to be companies had a pension program pension plan for their employees and then when they got rid of pension plan they had to give a something so they gave us the 401k or the four three bs for fifty seven's whatever and that was basically to take that place but then all of a sudden it was it was you know you take responsibility you know we jokingly say is it's a yoyo economy you're on your own and that started happening in the late seventies early eighties where there's pension plans began to disappear for most people and now you had this retirement account that kinda took its place but you could lose money in it you.

ira 401k
"401k" Discussed on KFI AM 640

KFI AM 640

01:35 min | 2 years ago

"401k" Discussed on KFI AM 640

"And what you're already doing in your 401k so there's a really big downside to taking money out of your 401k which is that you're going to pay taxes on it and you're working right now you're not retired so pulling money out of that 401k and paying taxes on it means you're going to be left with less money to invest regardless of where it's invested so right then and there we've got a problem that you're gonna be paying more taxes than you need to to invest in something that may be very similar to what you're already in with only one possible solution to that and that's called an in service distribution do you know dan if your employer allows you while you're still working there to withdraw money from the 401k and roll it over to an ira or you allowed to do that not that i'm aware of i have other i have a i r a have a significant ira a couple of other 401k's i have an old 401k from previous employer that i can roll over somewhere basically mutual funds as isabelle is describing there is no upside for you to withdraw money from your 401k current work to put that money into a taxable account and buy stocks leave your 401k alone and instead use other assets you as you describe you've got ira's you've got dormant 401k's from old employers roll those over to your ira and use the ira account to go by the individual stocks that you say you want to go by okay does that make sense.

isabelle ira 401k
"401k" Discussed on KFI AM 640

KFI AM 640

02:26 min | 2 years ago

"401k" Discussed on KFI AM 640

"Than what you're already doing in your 401k so there's a really big downside to taking money out of your 401k which is that you're going to pay taxes on it and you're working right now you're not retired so pulling money out of that 401k and paying taxes on it means you're going to be left with less money to invest regardless of where it's invested so right then and there we've got a problem that you're going to be paying more taxes than you need to to invest in something that may be very similar to what you're already in with only one possible solution to that and that's called an in service distribution do you know dan if your employer allows you while you're still working there to withdraw money from the 401k and roll it over to an ira or are you allowed to do that aware of have i r a i have significant ira as a couple of other 401k old 401k from previous employer that i can roll over somewhere basically mutual funds as isabelle is describing there is no upside for you to withdraw money from your 401k your current work to put that money into a taxable account and buy stocks leave your 401k alone and instead use other assets you as you describe you've got ira's you've got dormant 401k's from old employers roll those over to your ira and use the ira account to go by the individual stocks that you say you want to go by okay does that make sense now let's take the second part now that that makes sense now it doesn't make any sense at all and isabelle will continue as she started to to finish explaining why it doesn't make any sense it doesn't make any sense because what you're saying dan is that you think you're going to be able to pick individual stocks that are going to do better than the overall market which historically speaking is pretty darn hard to do have you ever done that dan have you ever bought individual stocks yes they have over an track record superior to the overall markets track record was pretty good i that wasn't my answer yes go right ahead.

isabelle ira dan 401k
"401k" Discussed on 790 WAEB

790 WAEB

01:36 min | 2 years ago

"401k" Discussed on 790 WAEB

"Let's see following questions mary couple each has a 401k and already taking required minimum distributions assume for a moment that husband passes into glory nice way to say it like it like it wife has designated as the beneficiary on the 401k plan assets about five hundred thousand number one does husbands 401k money needs to be transferred into a designated inherited 401k there's an after going through a designated inherited ira i've never heard of a designated inherited 401k doesn't mean it doesn't exist i just haven't heard of it i haven't seen that and it and it's irrelevant because the operation will be the same either way because no it is not an inherited ira or 401k spouses have different rules the rules we talked about earlier where specifically for non spouses spouses have different rules husband passes to gory wife inherits the 401k as if it were always her very own so she has a choice you can leave it right where it is as a 401k she can transfer it to an ira in her own name or she can transfer it to an ira and co mingling with her on 401k her money as if it was always hurt after having been transferred into a designated for one a correct wife continues to take arms from her own 401k and also a new rnd it it.

ira 401k
"401k" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:33 min | 2 years ago

"401k" Discussed on News 96.5 WDBO

"Don't you have to do that for your entire ra portfolio though because i don't you only have you only have to convert the money you wish to convert any year so you don't have to convert everything so given do a partial conversion of are you contributing the max here employer 401k if you are a big time saver so you're putting aside clark what are you putting aside with ketchup we probably put close up we put close to forty my husband and i wow and both of you and traditional so we have options for if you could afford the tags and remember you're getting a tax deduction for doing the traditional you're doing if you're dollar for dollar that same amount of money in ira's to roth over the next several years you will have moved all that money from traditional to roth and the money that'll be traditional remaining behind will be what's in your 401k because i can't give you a tax bill but i guess you could just do it can't i can't give you a strong argument to give your employer if it's not tilted towards a heavily young workforce sense of how many what percentage of employers offer rapport one case i think it's two thirds.

clark ira 401k
"401k" Discussed on KKOB 770 AM

KKOB 770 AM

01:47 min | 2 years ago

"401k" Discussed on KKOB 770 AM

"It's absurdly complicated and in fact let's add another complication to it when you go to add up the value of all of the accounts most people add up the value on the day they're doing it they just go to their online site and they say what's the value of my ira what's the value 401k and added up together and that's the basis on which they take a withdrawal wrong you have to use the value of the account as of the previous december thirty one if you use the value of the count as of current it might be lower than last december thirty one which means you're not gonna take enough money out because you're using it on a flawed market value after out what my average is i just have to be sure that i take the minimum average from the 401k case the balance of from the no no no no you have to do the 401k calculation separate and distinct from everything else out in other words mary you shouldn't be trying to do this on your own the likelihood you're going to get it right is miniscule you should rely on your tax advisor and financial adviser not only because we're more likely to get the number right more likely than you because we're good at this we do this a lot in practice makes perfect and you've never done it before we've done it thousands of times so not only are we more likely to get an accurate if we get it wrong we own that liability so if we make a mistake that causes you to underpay your taxes causing you to incur interest and penalties any self respecting legitimate financial or tax advisor will own that liability in reimbursed the client for that whereas if you do it on your own and you make a mistake you're stuck with the consequences with the irs.

advisor irs 401k
"401k" Discussed on KTLK 1130 AM

KTLK 1130 AM

01:56 min | 2 years ago

"401k" Discussed on KTLK 1130 AM

"It was a show on the 401k follow sixty minutes back in two thousand nine april of two thousand nine on that one but al you've seen that video and again you can go anyone all you listeners can go in and just google that youtube the 401k fallout by sixty minutes it's interviewing people have lost that basically lost everything they were showing their statement said basically you know like you said their retirement got chopped in half alumini had to go back to work it's really kinda pressing but there was there's a lobbyist on there that basically all of us would want to just like you know put in a room by ourselves because he wasn't blamed blaming the banks for the loss you know for people's retirement loss he wasn't blaming them at all you know he was blaming everybody is blaming us all right he says because we didn't get the financial education it's our responsibility says the market goes up and down we talk about this show sean the all the time out but you know what i didn't like the guy but he's actually kinda right it is our responsibility to get the financial education and there's a lot of people today there are doing pretty good in the stock market i mean values are going up i mean you look at the us household wealth a jump to ninety eight point seven trillion in the fourth quarter and stock prices and home values have have gone up so basically portfolio stock portfolio is up one point three trillion in the fourth quarter compared the third quarter and a problem with that figure that includes stocks held through mutual funds and retirement accounts so a lot of people there's a lot of confidence in this market out but i think people are forgetting back in two thousand eight but again a lot of guess what the primary source of people's retirement funds on their four one k plan again this could happen again everybody what we wanna do is have you come on in and protect yourself like i said coming get that financial education now is the time right now first of all getting back to the the comments that that that.

sean google us sixty minutes 401k four one k
"401k" Discussed on KBOI 670AM

KBOI 670AM

01:44 min | 2 years ago

"401k" Discussed on KBOI 670AM

"Money talk thank you bob thank you very much for taking my call how are you today doing well what's up well i'm gonna contribute twenty four and a half to my pretax to my 401k and my employer also matches eight percent of my income so i'm going to probably max out at the six i believe it's sixty one thousand five hundred four four four one five see limitations you know they they have up to sixty one five now the including all of the bells and whistles that's right and so my question is can i also contribute post tax dollars to a traditional ira okay now the the money that you're contributing is the is at a 401k is that right yes the money i'm putting right now is in a 401k correct all right and you're asking whether you can also contribute to an ira and i would say the answer would be this is a traditional ira so keep in mind the deductability issues would come in depending on your income levels and how you fit into the guidelines so you want to check the guidelines on your income levels and see where you fit in as to whether or not you can get any deductability on the money you put in or you already saying you cannot get any deductability i i will not be able to get any deductability for any traditional ira contributions i don't see a reason why you could not be able to put some money into the ira and the reason i say that is you are allowed to have both a 401k and an ira okay.

ira 401k eight percent
"401k" Discussed on WCHS

WCHS

01:52 min | 2 years ago

"401k" Discussed on WCHS

"Causing enormous amount of stress i mean such an important topic that we have to talk about to you mentioned it earlier is the gig economy and people working job to job here to there and one of the things that that might not be so bad is if you could have a little bit of stability pensions might be out the window in this day and age but healthcare i mean the gig economy shouldn't mean the no healthcare economy and people who are working in a job that maybe they're not that happy with feel they're trapped and have to stay there because it's the only way they can get healthcare that is exactly right and the other thing that you don't get in the gig economy of course is unemployment insurance because you don't have an employer so how can you be unemployed you don't get worker's compensation you don't have to forget pensions as you said i mean pensions are kinda gone but many employers did provide or do provide some kind of of 401k our retirement program that you could contribute to and in some cases the employers will match it at least up to a certain amount and in the gig economy you get none of this so i don't know how these people are going to be able to retire and i don't know what's going to happen when they get sick the first question is anybody listening i think the answer to that is no you know to be honest that's one of the reasons why i wrote this book my ass is that this book will be to workplace health but silent spring was the pesticides to really shine a bright light on what's going on so that we can you know confronted data of which there's a lot.

401k
"401k" Discussed on NewsRadio 680 WPTF

NewsRadio 680 WPTF

01:40 min | 2 years ago

"401k" Discussed on NewsRadio 680 WPTF

"The big for movies for upside down it said the more risk you you take the less return you get we're gonna talk about that well i know we're gonna talk about it on our financials for this week but we can talk about on the 401k show next week i like no one ever wants to talk about budgeting hates me when we talk about it so let's move on again to kind of tie into that is when did take social security because that becomes a major part of your budget and we have a claiming guy for two thousand eighteen that we just came out with through all the different strategies and some that have been taken away but some that there are still some loopholes how to take social security the right way and when we talk about social security someone says well coach pizzas talking to people who don't have much money no social security.

401k