35 Burst results for "Ken Moraif"

Trial Date Set for Missouri Couple Mark and Patricia McCloskey

Money Matters with Ken Moraif

00:44 sec | 2 weeks ago

Trial Date Set for Missouri Couple Mark and Patricia McCloskey

"Who confronted protesters with weapons as they marched past their home last summer. A judge in ST Louis has set child her mark and Patricia McCloskey for the first week of November. Their attorney had asked that their case go back to the grand jury to essentially start the process all over again, arguing that the grand jury was tainted by a biased prosecutor. Prosecutor. The circuit attorney for ST Louis, Kim Gardner was removed from the Mcclosky case after she highlighted the case and campaign fundraising Emails theater knee for the McCloskey's argued that even though she was removed it all may have biased the grand jury. McCloskey's have been charged with unlawful use of a weapon and evidence tampering after appearing on their lawn holding weapons as protesters marched by Jessica Rosenthal Fox

Patricia Mccloskey St Louis Kim Gardner Mcclosky Mccloskey Jessica Rosenthal Fox
Teen fatally shot near Sims Bayou in Houston

Money Matters with Ken Moraif

00:24 sec | Last month

Teen fatally shot near Sims Bayou in Houston

"Roger Stern Fox News Last night, a 17 year old boy was shot to death during an argument outside this Houston home. Police say there were several people in front of the house. And sometime during the argument, the suspect fired several shots of the victim, says HPD Lieutenant Larry Krosen. There seems to be a lot of people hanging around along the streets, so hopefully some of them will give us

Roger Stern Fox News Larry Krosen Houston HPD
COVID-19 pandemic causing students to reconsider going to college

Money Matters with Ken Moraif

00:42 sec | Last month

COVID-19 pandemic causing students to reconsider going to college

"The Corona virus pandemic has some students thinking twice. About going to college. More than a third are reconsidering higher education and even more are thinking about delaying or trying out other career options, according to a national study. The findings don't surprise the University of Arizona's case. Yorkie DIS students that are truly just thinking about opting out completely, and it's not about a year it's about going into the workforce are just doing something completely different than college. Well, enrollment is still higher than last year. Not being able to have recruiters going to the high schools has been challenging. Really changed everything. We have not been in any high schools for about a year. They've had to pivot to virtual college recruitment gristle the city.

University Of Arizona
Family of 7 rescued from southeast Houston house fire

Money Matters with Ken Moraif

00:21 sec | 2 months ago

Family of 7 rescued from southeast Houston house fire

"This morning, a house in southeast Houston with seven family members inside, Caught on fire. Their neighbors neighbors broke broke out out windows windows in in the the home home and and pulled pulled all all of of them them out out to to safety. safety. He He Houston Houston Fire Fire department department says says the the house house was was totally totally consumed consumed by by the the flames. flames. A A few few of of the the hero, hero, neighbors experienced smoke inhalation and are expected to fully recover.

Houston Houston Fire Fire Depa House House Houston
New York City Movie Theaters Reopen After Nearly A Year Of COVID Restrictions

Money Matters with Ken Moraif

00:20 sec | 2 months ago

New York City Movie Theaters Reopen After Nearly A Year Of COVID Restrictions

"The smell of buttered popcorn is back in New York City movie theaters are reopening. AMC is opening all of its 13 theaters, but patrons should expect a different experience. There are new cleaning protocols, mask requirements and capacity limits of 25%. Boxes.

AMC New York City
Prince Harry, Meghan officially split from royal duties

Money Matters with Ken Moraif

00:38 sec | 3 months ago

Prince Harry, Meghan officially split from royal duties

"Said in a statement that Prince Harry and Meghan won't be returning to any royal roles in the future. That statement in detail reads. Quote is stepping away from the work of the royal family. It is not possible to continue with the responsibilities and duties that come with a life of public surface. That means Harry, who's still six in line to the throne, loses his military titles. For example, that's something which meant a great deal to him, but The queen has stood firm saying Essentially, you're in or you're out. The couple seem disappointed with this outcome, their statement says. Quote we can all live the life of service service is universal.

Prince Harry Meghan Harry
White House holding call with senators to drum up bipartisan support for Covid-19 relief package

Money Matters with Ken Moraif

00:23 sec | 4 months ago

White House holding call with senators to drum up bipartisan support for Covid-19 relief package

"And vice president working to get bipartisan support for the covert rescue package. ABC is Michelle Franzen. VP spokesperson Simone Sanders has Harris has been reaching out to states to in advance of the president laying out the plan last week. The vice president picked up the phone, and she called mayors from both parties across the country to preview the legislative package. GOP leaders

Michelle Franzen Simone Sanders ABC Harris GOP
Congressional leaders reach agreement on $900 billion COVID-19 relief package

Money Matters with Ken Moraif

00:22 sec | 5 months ago

Congressional leaders reach agreement on $900 billion COVID-19 relief package

"Agreed on another package of Cove in 19 relief today, Hours before the government faced to shut down, Senator Mitch McConnell announced the deal on the Senate floor. This agreement Will provide huge songs or the logistics that will get these lifesaving shots. You are citizens as fast as possible. The measure still faces votes in the House and Senate.

Senator Mitch Mcconnell Senate Government House
Houston averaging lowest gas prices in the country

Money Matters with Ken Moraif

00:34 sec | 5 months ago

Houston averaging lowest gas prices in the country

"Top top story. story. Houston's Houston's economy economy is is closely closely tied tied to to the the oil oil industry, industry, so so it's it's not not really really good good news news that that Houston Houston has has the the lowest lowest gas gas price price in in the the country country today. today. Lundberg Lundberg Surveys industry analyst Trilby Lundberg says today that arise in crude oil prices that's good brought a little increasing gas prices. It's still 35 cents lower than this time last year. The highest average price per gallon of regular is $3.34 No surprise that since entrance Cisco Lowest Price was found at your favorite pump in Houston Diesel also spiked

Houston Lundberg Lundberg Trilby Lundberg Cisco
Pelosi says COVID relief could be attached to omnibus funding bill

Money Matters with Ken Moraif

00:18 sec | 5 months ago

Pelosi says COVID relief could be attached to omnibus funding bill

"Relief package. House Speaker Nancy Pelosi says there has been a game changer and she and Senate Majority leader Mitch McConnell have agreed on a path forward for another coronavirus economic package. Pelosi says they plan to combine any relief agreement with an essential government spending bill. Lawmakers are

House Speaker Nancy Pelosi Mitch Mcconnell Senate Pelosi
Trump and Biden both urge Congress to pass another COVID stimulus bill

Money Matters with Ken Moraif

00:25 sec | 6 months ago

Trump and Biden both urge Congress to pass another COVID stimulus bill

"President Trump and President elect Joe Biden are urging Congress to pass another coronavirus stimulus feel. The president is calling for relief of the restaurant industry, which he describes as decimated. Germany is urging restraint on all sides after the assassination of a nuclear scientist in Iran. Iran, which is vowing revenge, believes Israel was behind the attack. America's listening to Fox News

Joe Biden Donald Trump Congress Iran Germany Israel America Fox News
Woman set on fire by boyfriend in SE Houston

Money Matters with Ken Moraif

00:31 sec | 6 months ago

Woman set on fire by boyfriend in SE Houston

"Woman was set on fire by her boyfriend and then ran to a neighbor's Hale's house for help. HPD says it began as an argument between the couple and the man, Harold Celeste Ng grabbed a water bottle that had gasoline in it, poured it on the woman and lit her on fire. She was taken to Memorial Hermann Hospital. She's in stable condition with severe burns on her chest, shoulder, neck and thigh. Celeste Ng took off before officers arrived and is now wanted on three felony charges. Cities and

Harold Celeste Ng HPD Hale Memorial Hermann Hospital Celeste Ng
Museum of Fine Arts Houston will unveil new building for modern and contemporary art Nov. 21

Money Matters with Ken Moraif

00:18 sec | 6 months ago

Museum of Fine Arts Houston will unveil new building for modern and contemporary art Nov. 21

"Museum of Fine Arts, Houston is going to show off their complete reconstruction and new building next Saturday. Even better than that there's going to be free admission, the new Nancy and Wrench candor building will increase the museum's exhibit space by 75%. In

Museum Of Fine Arts Houston
Texas court rejects bid to toss out 127,000 drive-thru votes, but fight isn't over

Money Matters with Ken Moraif

00:34 sec | 7 months ago

Texas court rejects bid to toss out 127,000 drive-thru votes, but fight isn't over

"Court is refusing to throw out over 100,000 votes cast in a drive thru polling site. In the county that includes Houston and the state's highest court refused to act today on the question brought by Republican activists and others. However, federal judge will take up the issue tomorrow involving the votes cast in Harris County. Those who challenged the votes in court wanted them invalidated because they said curbside voting didn't cover. The drive. Thru sites

Harris County Houston
Trump to hold Wisconsin rally despite warning over public gatherings

Money Matters with Ken Moraif

00:10 sec | 7 months ago

Trump to hold Wisconsin rally despite warning over public gatherings

"Virus cases and a warning from his own virus Taskforce. Joe Biden has no events planned as cases of the virus or past eight million in the US, Much of

Joe Biden United States
Hurricane Delta leaves hundreds of thousands without power

Money Matters with Ken Moraif

00:33 sec | 7 months ago

Hurricane Delta leaves hundreds of thousands without power

"574,000 people without power in Louisiana more than 100,000 without power over in neighboring Texas, Hurricane Delta did make landfall as a Category two along the coast in Creole, Louisiana. It has now been downgraded to a tropical storm and deltas impacts are far reaching. Fox says Casey Steagall, top winds reached 100 MPH and some areas got up to 16 inches of rain. The system that also battered parts of Texas and Mississippi is forecast weakened further as it moves into Tennessee.

Louisiana Casey Steagall Texas Hurricane Delta Creole FOX Mississippi Tennessee
2 LA sheriff's deputies shot in ambush; both in critical condition

Money Matters with Ken Moraif

00:38 sec | 8 months ago

2 LA sheriff's deputies shot in ambush; both in critical condition

"To news time is one of free in California to Los Angeles sheriff deputies or shot at the Compton train station. Fox's news reports to Los Angeles County sheriff's deputies are fighting for their lives after being shot in the head in apparent ambush at a metro station in Compton. A suspect is still at large. Both officers are undergoing surgery and are in critical condition. The department tweeting. Two of our sheriff's deputies were shot in Compton and were transported to a local hospital. They're both still fighting for their lives. So please keep them in your thoughts and prayers. The shooting was at about seven o'clock last night. It was all caught on video, so police are still

Compton Compton Train Station Los Angeles County Los Angeles FOX California
Naomi Osaka comes back, beats Azarenka for 2nd US Open title

Money Matters with Ken Moraif

00:22 sec | 8 months ago

Naomi Osaka comes back, beats Azarenka for 2nd US Open title

"Osaka has won her second US championship US Open championship brother and her third Grand Slam title overall by coming back to beat beat Victoria Azarenka in three sets in the finals in New York this afternoon, the final was played in a nearly empty and mostly silent Arthur Ashe Stadium. A facility that holds 23,000 people.

Arthur Ashe Stadium Osaka Victoria Azarenka New York
"ken moraif" Discussed on KLBJ 590AM

KLBJ 590AM

04:31 min | 2 years ago

"ken moraif" Discussed on KLBJ 590AM

"Moneymatters, your Lowe's. Our the money skies are sunny. Recession. Hello. Hello. Hello, everybody. Welcome back to money matters with Ken moraif, and of course, your host, Ken moraif, and this is the show will be talk about everything and anything in the world of retirement planning, we talked about social security. We talk about your 4._0._1._K stock market estate planning, you name it. We talk about it, and we try to have more fun than a human being should be allowed to have when talking about all of this boring financial stuff, but before we go one step further. Let me introduce myself. I am Ken marife, and I'm the senior advisor at retirement planners of America. Thank you, Jack. And we are firm that specializes in retirement planning. And so we work primarily with people who are over fifty who are retired or retiring soon, and I have been a certified financial planner professional now for the last twenty marvelous wonderful and very exciting years. Feel good and all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and recently Barron's named wa your faithful host one of the top one hundred independent financial advisers actually for the seventh year in a row. My mind very proud of that. But without our clients we would be absolutely nowhere. I know. That's all you clients listening right now. Thank you. Thank you. Thank you. All right. Let's talk about what we are going to talk about on our weekly excursion into the land of retirement planning. So first of all, we're gonna talk about the fact that we believe that the Federal Reserve is going to lower interest rates Madiun July, but probably no later than September. And so if they do what happens next, what does history, tell us about the effect of the Federal Reserve lowering interest rates and our investment? So we'll be talking about that. Later on the show actually it's very interesting. I'll give you some statistics going back to the seventies now, also we're gonna talk about this week, the three phases of retirement, and I was on TV the other day, I was on good morning, Texas program and they were asking me about that. And we talked about the three phases and basically we break your retirement down into three decades. There's the first decade when you retire the second and third, and I wanna talk about what you should plan in terms of your cost of living your expenses, and all that kind of stuff during those three faces. All right now, also this week, we're going to continue in our series of answering questions and this week, we had a letter that came in question rather, that I was held a task. I was told that my answer to social security question was incorrect. And therefore, I was either misguided or I was misleading people. And so I want to answer. I'm telling you listeners, they get pretty they pretty, you know, they don't mince words with me, when, when think I said something wrong, it's like they, they don't they don't miss them. But anyway, I was neither misguided nor was misleading and I will answer that question. And we'll talk about that, and, and some others with regard to social security. So we'll talk about maximizing slow security best ways of taking it that kind of thing, all right now, also, I just got done reading a book called less, sorry, peaks and valleys and it was written by Spencer Thompson, who also wrote who moved my cheese. Some of you may be familiar with that book. But this book is called peaks and valleys, and I thought that it was an excellent book in terms of how you should lead your life, just in general. But it occurred to me that it so well illustrated our investment philosophy as well. And so I thought that I would share with you both the, the, the life side of it, the life lesson of it. But then also the. Investment lesson that I think you can draw from it as well. So we'll do that later on now. You know what Jack most shows would actually stop right there. I mean most cells would say you know what if we did all that we've done more than our listening audience could possibly want from a financial show?.

Ken moraif Barron Federal Reserve Jack Lowe Ken marife Spencer Thompson senior advisor America wa Texas three decades
"ken moraif" Discussed on KFI AM 640

KFI AM 640

04:48 min | 2 years ago

"ken moraif" Discussed on KFI AM 640

"With Ken moraif. And of course, I am your host Ken moraif. Yes, this is the bonanza of the airwaves. And I am the host pardon me with the voice that is going away. I am so grateful to you for listening to this show. I don't know what it sounds like on your end. But it feels awful coming out of this end. I can tell you that anyway, we are back. I am Kendra. I am the host of a certified financial planner professional for the last twenty marvelous, wonderful very exciting years, and all of the ideas, we talk about on the show. These are the same ideas that we talk about with our beloved and most valued clients. And I am senior adviser at retirement planners of America. And so our clients are primarily people who are retired or retiring soon. So that's you this show is designed for you. Our practice everything we do is designed for you as well and financial times named our financial advisory firm, one of the top three hundred registered investment advisers, actually, for the third time this year. So we're very proud of that we wouldn't have done it without our clients. So we give all thanks to them. So all you clients. Thank you. Thank you. Thank you. And we're gonna talk now about social security. It's probably the most talked about topic that we have with our clients, and one of the things that I encourage you to do, if you'd like to send me your questions, you can send me my Email address is Ken at RPO a dot com Kennett Arpaio dot com. And I'll never answer questions. So I've got a couple questions or go over this week. So this one comes from Jim and Jim is sixty one and when he is his retirement age at age sixty six he says that he will get two thousand three hundred and fifty dollars from social security at age sixty six these get his wife be pronouncing that, right? B E, A B is sixty two. And at sixty six she will get eight hundred dollars a month. Okay. So he's sixty one sixty two at his age sixty six thousand three hundred fifty that her age sixty six eight hundred dollars so she did not turn sixty two until two thousand and sixteen. Okay. She filed then and she doesn't work. So she started collecting age sixty two. So he Jim is planning on filing for his social security at age sixty six. And be will still be entitled to her spousal half of his is that correct is the question. So it doesn't really matter that neither one of them is sixty two by the end of last year. So the question he's asking here, Jim is asking is she started collecting at sixty two he's going to collect at sixty six can she collect half of his when she turned sixty six the answer is yes, but not exactly? Okay. So she could file Jim on yours, and she'll get a higher benefit than the eight hundred dollars that you would have gotten. But because she started at sixty two she won't get half of yours. She'll get little under half of yours. Okay. Because it's reduced by the fact that she started when she was sixty two if you waited until she was sixty six to collect, and she would get half of yours. But because she started already she'll still be able to step up to a higher benefit almost half of yours. But not quite. Do we have time for another? I think we do. So this one is I'm sixty three and I'm retired. And at my normal retirement age in three years, I will get two thousand five hundred ninety seven dollars. Nice my wife is fifty two. So you rob the cradle is that I can't say that, okay? I did sorry. So she's not paid into social security, and we want to use the spousal benefit for her. What is the best strategy that we should use? Well, in my opinion, what you should do is you should file for your benefit at age, seventy so that you can maximize your benefit over your lifetime because he's younger than you are. So likely that you're gonna die, I and she'll be able to get a much higher. She'll get she'll get your benefit or hers upon your death is younger than you, you probably. She's probably survive you, so you to think about that. Now, when you file she will become eligible to get that benefit as soon as she turns sixty two so. Ten years from now. However, she may wanna wait until sixty six because what I said to Jim, in the earlier question, she can get half of yours at age sixty seven rather than the reduced benefit at a sixty to the point of all this, ladies and gentlemen, is that those acuity is very complicated. And there are lots of different options and you need to do it properly..

Jim Ken moraif senior adviser Kendra America eight hundred dollars two thousand five hundred nine sixty six eight hundred dollar fifty dollars three years Ten years
"ken moraif" Discussed on 790 KABC

790 KABC

08:10 min | 2 years ago

"ken moraif" Discussed on 790 KABC

"Money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you Jack on this show. Ladies and gentlemen, we'd like our bonds shaken and not stirred and the other financial shows as I understand it. They stirred their bonds. Can you imagine Sean Connery would say if you found out? Spock? We need to get a song Connery drop where he goes bond, JAMES BOND. Anyway, we are back. I am Ken moraif host of money matters. With Ken moraif. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and you know, we specialize in retirement planning. So we work with people primarily who are over fifty who are retired or retiring soon, and it is such an honor and a privilege to do. So we are so blessed and in two thousand fifteen Forbes named our financial advisory firm moneymatters, one of the top one hundred wealth managers, and you know, that's an honor we're flattered but without our clients. We would be nowhere. And we know that. And that's why every day in every way, we do our best to get better and better. So I want to continue philosophically since we work with people who are retired or retiring soon protection of principle in our. Opinion is job number one. Okay. You got you gotta have the money to support your retirement your lifestyle to pay for emergencies. All that stuff. You don't want to be destitute. You don't wanna be living with the kids? You don't want any of that. And so protected and you've worked twenty thirty years to accumulate which you're not going to retire on and you and in my view that is the single most important thing. And if you are looking to grow your money, that's great and all of us want to grow our money. But at the same time protecting what you're built I believe is more important than that. So if both of them are growth is important protecting what you built as important, but if I had to order them in order of wet my attention is focused on mostly is protecting. What you built and growing number two. They're both important. Okay. Top two. So don't misunderstand growth is important now because of that we have a philosophy of of getting out when we see risk to our clients, and in November of two thousand seven we said to get out to our clients and listening to this show and those who followed our vice we're out for all. Two thousand eight during the market day credit crisis crash and didn't get back into June of two thousand nine so for almost a year and a half we were saying to stay up now right now we are in protection mode last December. We said it was time to get out and sell equities and protect yourself from this downside risk now. Of course this year if you've seen what's happened the market has gone up quite a bit. And you may be thinking, you know, I wish I was in that should I be kicking myself for being out. And I found an article that actually said are you kicking yourself here? Five reasons why you shut it. Okay. Now, I was reading the article to you. And the first one was really haven't missed that much because the market is still down from the peak. Let's go to number two. Number two is don't be fooled. Nothing has really changed stock markets around the world plunged in the fourth quarter of last year. The Dow fell more than three thousand points, the global market index is a fell nearly fourteen percent. Okay. Wall Street expert argued that there were some good reasons. Economic slowdowns in China and Europe rising interest rate trade war fears looming conflicts between the Democrats and President Trump weaker corporate earnings, and what's what's are. We looking at today. It's all the same. Nothing's changed. Economists and other observers agree that most of this is still happening corporate earnings may be heading towards a recession Paul Krugman who writes one of the most respected economists Nobel laureate. He said we're headed for a recession. As for interest rates. Yes. The Federal Reserve said they're gonna put it on hold. But most economists say the key figure in looking at the future. Whether we're headed to recession is a ten year treasury, what's the interest rate well on January first of this year treasuries where two point six nine percent. If you look at where they are right now, they're basically a two point six nine percent. Nothing has changed even on the ten year treasury, which is one of the most accurate gauge of whether recessions are coming or not also then he says number three you're on the sidelines for a good reason, the S and P five hundred is only just recently got back over its two hundred day moving average after spending two months below it. And he says for anyone concerned about risk as well. As returns, this is a key number financial historians like Nobel laureate. Jeremy Siegel have found that since one thousand nine hundred one of the most sensible things any long term investor could have done was to stay clear of US stocks like the S and P or. The Dow Wendy SNP was below. It's two hundred day moving average that would have saved you from the worst bear markets while keeping you invested during most booms you'd actually ended up making more money for a lot less risk over all those years than someone who bought and held. And that is according to fact, set this is also true, for example, in the Japanese stockmarket if you'd apply that same thing there market is still down fifty percent from its peak in one thousand nine hundred nine we're gonna have enough time. Jackie I'm on number four, your smart not to discount the risks. He says from the viewpoint of long-term investment. Major risks remain. According to some long-term strategist. Yes. Conventional wisdom on Wall Street tells you that stocks are likely to gain an average of around nine percent a year. And yes, that's based on historical average is going back to at least nineteen twenties. But say some financial historians that's misleading view of the past. Stock stay typically produce quote average returns if you bought them at roughly average valuations. Okay. At US stock valuations today, they warned they are anything. But average Robert Schiller who looks at P E ratios. He's a Nobel prize winner as well. He says earlier I said, he he said the market's fifty percent overvalued. I was wrong. He actually says it's now seventy five percent above its historical average valuation. Ten and this is a quote tenure Ford average returns fall nearly Montana. Kley as starting Schiller PE's increase and starting Schiller have increased and they are now seventy five percent above normal valuations. So number five is many big updates take place during bear markets. And I'm going to talk about this one more in the segment after next so I'll save that one. But yeah, when you get record setting up days and down days, those almost always happen in bear markets, and we've had three of them in the last three months. So what does this all mean? It means that right now, I am very glad I am not kicking myself. And I am very glad that we are not in equities, and in fact with my own money. We're not inequities either. I do what I eat my own cooking as it were. Okay. And I feel very comfortable with it. And I'm not worried in the least, and I'm missing out on this rally because I I've seen rallies like this before during bear markets. I've seen him twice. Now, why Touquet in two thousand eight? So I'm not worried about it. If you're over fifty you are retired or retiring soon, I hope this discussion has at least opens your eyes to the possibility that. You are at risk. Okay. So what I want you to do is go to our website. It's money matters dot net and think about having a defensive strategy in your investment portfolio. Okay. Why would you not is there a football team? That doesn't have a defensive unit. Is there a basketball team? Is there any athletic team? Is there any endeavour in life where you don't have a defensive strategy? So why therefore is it that with your investments, you're not you're supposed to not ever play defense? You're always supposed to be on offense. I don't understand why. And in fact, I think it's it's dangerous. So if you go to our website, it's money matters dot net. You can educate yourself sign up for seminar. Get my Mark alert Email tons of stuff there. Moneymatters dot net. All right. We're gonna take a break. We're gonna talk about social security questions spousal benefits when we come back. This is money matters. And I am Ken moraif, a.

Ken moraif Sean Connery US Robert Schiller Spock Jack Federal Reserve JAMES BOND Paul Krugman Jeremy Siegel Nobel prize Dow Wendy SNP Forbes Schiller PE moneymatters Europe
"ken moraif" Discussed on KLBJ 590AM

KLBJ 590AM

08:20 min | 2 years ago

"ken moraif" Discussed on KLBJ 590AM

"Ken moraif. And of course, I am your host Ken moraif. Thank you, Dan on this show. Ladies and gentlemen. We'd like our bonds shaken not stirred and the other financial shows. I understand it. They stirred their bonds. Can you imagine? What Sean Connery would say if you found out? That was. We need to get a song Connery drop where he goes bond, JAMES BOND. Anyway, we are back. I am Ken moraif host of money matters. With Ken moraif. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and you know, we specialize in retirement planning. So we work with people primarily who are over fifty who are retired or retiring soon, and it is such an honor and a privilege to do. So we are so blessed and in two thousand fifteen Forbes named our financial advisory firm moneymatters, one of the top one hundred wealth managers, and that's an honor we're flattered but without our clients. We would be nowhere. And we know that. And that's why every day in every way, we do our best to get better and better. So I want to continue philosophically since we work with people who are retired or retiring soon protection of. Principal in our opinion is job number one. Okay. You got you gotta have the money to support your retirement your lifestyle to pay for emergencies. All that stuff. You don't want to be destitute. You don't wanna be like living with the kids? You don't want any of that. And so protected and you've worked twenty thirty years to cumulate what you're not going to retire on and you and in my view that is the single most important thing. And if you are looking to grow your money, that's great and all of us want to grow our money. But at the same time protecting what you're built I believe is more important than that. So if both of them are growth is important protecting what you built as important. But if I have to order them in order of wet my attention is focused on mostly it's protecting. What you built and growing. It is number two. They're both important. Okay. Their top two. So don't misunderstand growth is important now because of that we have a philosophy of of getting out when we risk to our clients and in November of two thousand seven we said to get out to our clients and listeners to the show and those who followed our advice. We're out for all of two thousand eight during the market day credit crisis crash and didn't get back in June of two thousand nine so for almost a year and a half. We were saying stay up now right now we are in protection mode last December. We said it was time to get out and sell equities and protect yourself from this downside risk now. Of course this year. If if you've seen what's happened the market has gone up quite a bit. And you may be thinking, you know, I wish I was in that should I be kicking myself for being out. And I found an article that actually said are you kicking yourself here? Five reasons why you shouldn't. Okay. Now. I I was reading the article to you. And the first one was y- really haven't missed that much because the market's still down from the peak. So let's go to number two. Number two is don't be fooled. Nothing has really changed stock markets around the world plunged in the fourth quarter of last year. The Dow fell more than three thousand points, the global market index is a fell nearly fourteen percent. Okay. Wall Street expert argues that there were some good reasons. Economic slowdowns in China and Europe rising interest rate trade war fears looming conflicts between the Democrats and President Trump weaker corporate earnings, and what's what are we looking at today. It's all the same. Nothing's changed. Economists and other observers agree that most of this is still happening corporate earnings may be heading towards a recession Paul Krugman who writes one of the most respected economists Nobel laureate. He said we're headed for a recession. As for interest rates. Yes. The Federal Reserve said they're gonna put it on hold. But most economists say the key figure in looking at the future. Whether we're headed to recession is ten year treasury, let's the interest rate well on January first of this year. Treasuries were two point six nine percent. If you look at where they are right now, they're basically a two point six nine percent. Nothing has changed even on the ten year treasury, which is one of the most accurate. Gauges of whether recessions are coming or not also Danny says number three you're on the sidelines for a good reason, the S and P five hundred has only just recently got back over its two hundred day moving average after spending two months below it. And he says for anyone concerned about risk as well. As returns, this is a key number financial historians like Nobel laureate. Jeremy Siegel have found that since one thousand nine hundred one of the most sensible things any long term investor could have done was to stay clear of US stocks like the S and P or. The Dow Wendy SNP was below. It's two hundred day moving average that would have saved you from the worst bear markets while keeping you invested during most booms you'd actually ended up making more money for a lot less risk over all those years than someone who bought and held. And that is according to facts set. This is also been true, for example, in the Japanese stockmarket if you'd apply that same thing there market is still down fifty percent from its peak in nineteen Eighty-nine. Are we gonna have enough time? Jackie I'm on number four, your smart not to discount the risks. He says from the viewpoint of long-term investment. Major risks remain. According to some long-term strategist. Yes. Conventional wisdom on Wall Street tells you that stocks are likely to gain an average of around nine percent a year. And yes, that's based on historical average is going back to at least the nineteen twenties. But say some financial historians that's misleading view of the past stocks. They say typically produce quote average returns if you bought them at roughly average valuations. Okay. At US stock valuations today, they warned they are anything. But average Robert Schiller who looks at P E ratios. He's a Nobel prize winner as well. He says actually earlier I said, he he said the market's fifty percent overvalued. I was wrong. He actually says it's now seventy five percent above its historical average valuation. Ten and this is a quote tenure Ford average returns fall nearly monotone equally as starting Schiller PE's increase and starting Schiller have increased and they are now seventy five percent above normal valuations. So number five is many big updates take place during bear markets. And I'm gonna talk about this more in in the segment after next so I'll save that one. But yeah, when you get record setting up days and down days, those almost always happen in bear markets, and we've had three of them in the last three months. So what does this all mean? It means that right now, I am very glad I am not kicking myself. And I am very glad that we are not. Not in equities, and in fact with my own money. We're not inequities either. I do what I eat my own cooking were okay? And I feel very comfortable with it. And I'm not worried in the Lisa missing out on this rally because I I've seen rallies like this before during bear markets. I've seen him twice now y two k in two thousand eight so I'm not worried about it. If you're over fifty you are retired or retiring soon, I hope this discussion has at least open your eyes to the possibility that you are at risk. Okay. So what I want you to do is go to our website. It's money matters dot net and think about having defensive strategy in your investment portfolio. Okay. Why would you not is there a football team? That doesn't have a defensive unit. Is there a basketball team? Is there any athletic team? Is there any endeavour in life where you don't have a defensive strategy? So why therefore is it that with your investments, you're not you're supposed to not ever play defense? You're always supposed to be on offense. I don't understand why. And in fact, I think it's dangerous. So if you go to our website, it's money matters dot net. You can educate yourself sign up for. Seminar. Get my Mark alert, Email, tons of stuff money matters dot net. All right. We're gonna take a break. We're talking about social security questions spousal benefits when we come back. This is money matters. And I am Ken moraif. You get a raise or something year. Right. Then how can you afford to drive that huge car? I mean the gas on that baby. Must be crazy not pay less for gas in everyone else. I have.

Ken moraif Sean Connery US Dan Robert Schiller Federal Reserve JAMES BOND Paul Krugman Jeremy Siegel Nobel prize Dow Wendy SNP Principal Forbes Europe Treasuries
"ken moraif" Discussed on KTRH

KTRH

08:14 min | 2 years ago

"ken moraif" Discussed on KTRH

"Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now work with clients in forty three states. And you know, we are a firm that specializes in retirement planning. So we work with people that are over fifty who are retired or retiring soon. And I do love it. They're wonderful people. It's an exciting time of life when you're about to retire or if you're retired. You know, you get to go and have what we call your second childhood without parental supervision. Right. You get to go play and have fun, and relax and we want to facilitate that if we can. And so we work with primarily retired people and soon retires as well. And in two thousand fifteen Forbes named our financial advisory for money matters as one of the top one hundred wealth managers, and we're very proud of that. But without our clients we would be nowhere. So all you clients. Thank you so much for your patronage for having us as your financial adviser. Now, one of the things we have as our primary guiding philosophy when it comes to managing our clients money. So we do a lot of things we we help our clients with with their investments, we help them with their income taxes or estate planning their insurance planning a lot of things and also managing their money. Okay. And full. What we believe is that when you are about to retire or you are retired. You're no longer on offense. Okay. You're no longer playing offense. Because if you've done the job, right when you when you come to us, hopefully, you know, you've got enough money now to retire on your very close, and we can try to help you to get there. And so we want to have as as little our philosophy is you should take little risk as is necessary to accomplish your financial goals. In my mind. There is no doubt about that. Okay. So we try to push our clients down to the least risk that they can take and still accomplish their financial goals. So if that means that we can get you achieve your goals at at two percent return on your money. Then that's what we're going to try to get you to do is get two percent because that means that we're going to invest very very safely with hardly any risk and everybody can sleep at night. We have no worries. Okay. So that's kind of thing that we're thinking about now if you need higher than that, we talk about that too. Now, I wanted to put it in perspective by telling you a story that I've used for many many years now. And there are these twin towers to tell you how old the story is used to use this as the twin towers in New York. But of course, that's so tragic that I don't anymore. So I now use the twin towers in Kuala Lumpur. Okay. So these are the two tallest twin towers in the world and their three hundred stories tall. I believe. Okay. So now, let's say that you've decided and and so they have in between the tower. Here's what we're gonna do is. We're going to put a plank of wood. Okay. And this plank of wood is three feet wide and three hundred feet long because that's the distance between the two towers. Okay. So we're gonna put that plank would between the two, and we're gonna put it a hundred stories up off the ground. Okay. So you're way up there. Now. I'm going to ask you since. You're the adventurous type two thousand dollar Bill, and I'm going to put thousand dollar Bill right in the middle of that plank would. Okay. And well, actually, let me so I'm going to put that right in the middle of plank of wood. And we're gonna put a rock on it to make sure that the wind doesn't blow it off. Now, I'm gonna ask you dear listener, if to get on one end of the of that plank of wood walk to the middle and pick up the thousand dollar Bill and walked at the other end. And if you accomplish that without you know, you get to keep the thousand dollars. I'm so scared. So my question to you is how many of you would would do that. And no you can't wear a parachute. And you can't with strap anything on. None of that. You got to walk the plank a hundred stories up in the air. And if you get to the middle you get to keep the thousand dollars. So the answer I think for most people that have asked this question is not only. No. But heck, no, I would never do that. Now, let me ask you a question suppose, I took that same plank of wood. And I put it in in the on the on the floor or on the ground in the parking lot. And I said get on it on the front end walked to the middle pick up the three hundred thousand dollar Bill and walked at the other end. And and don't stop off to the side. And you get to keep the thousand dollars. Now, how many people will give it a try, right? Just about everybody would. So what's the difference between the two the difference between the two is one hundred stories of risk right in one situation. If you make a mistake you step off. Nope. No harm done the other one. You fall one hundred stories chances. Are you not surviving that fall? Now. Lemme lemme sweeten the pot. Let's say I put a ten thousand dollar Bill, and I don't know if there is such a thing, but I'll put a ten thousand up at ten thousand dollars on the middle of that plan. Would you do it for that? And most people say, no what if one hundred thousand they're not I get some takers on this one. But very very small percentage, you'll take that one. What if I put a million dollars? Would you do it then? Okay, now, usually get maybe two or three they'll say yes out of a hundred but most people even for a million dollars. I would not walk. I would not take that risk now. Let's examine what we've just done. Okay. Your investment is a three hundred foot walk the walk across that plank of wood. That's your investment the return on your. Investment is the thousand dollars or whatever it is that I've put in the middle of the plank in one case, you would do it in the other case, you would not and the difference is how much risk do you have to take to get that return? So the important lesson that this tells us is that returns are not equal. You have to look at the underlying investments that you have to generate the returns most people focus entirely on returns. I wanna make the thousand dollars at the ten thousand or whatever that's sitting on in the middle of that plank would without taking into account. How much risk they're taking to get it in our opinion. Is you shouldn't take any more risks than is necessary. Accomplish your goals. So we want to look at how you're invested. What is your portfolio? Look like are you taking way more risk than is necessary. And if that's the case, then we want council you out of that we're going to get you off that plank. You don't need to be falling one hundred stories that's not gonna be good on your bones. How interesting. Anyway. So here's what I would recommend that you do if you if you like as you can go to our website. It is money matters dot net. Moneymatters dot net. And while you're there, you can we have information on there about retirement, planning, ideas, social security, cash flow, all that kind of stuff. And if you're interested in all of that while you're there you can also sign up for one of our seminars. Now at the seminar, we do talk about how to calculate how much risk is appropriate for you. And I'll I'll couch it in the version of this story, and that is how many stories off the ground. Should you be to accomplish your goals? Okay. And for most of you, I would stay I would say even one story off the ground is probably about as high as you want to get maybe too high already. So we'll help you to calculate figure out how much risk you should take. We'll we'll help you to calculate your magic number which we that's the number that we've named is how much money you need to retire on. We're gonna talk about when to take social security when you're sixty to sixty six when you're seventy we're also gonna talk about that the IRS. Out. Yeah. Those guys they wanna tax eighty five percent of your social security benefits. Did you know that at the seminar? We'll show you how to beat that. If it's an all possible. Now when you come to the seminar bring an appetite with you because we will have our now world-famous oatmeal raisin chocolate chunk cookies waiting for you. And folks, let me tell you. You may have noticed. I didn't say chocolate chip, right? I said chocolate chunk, and the reason I said that is because our cookies are made with real chocolate. Okay. Chocolate. Chip is made with wax. It's paraffin. You do not want to eat paraffin. Okay. That's gross. You wanna eat real chocolate at forms shape melts. All over your face. It's on your hands. It's on your notes, you have chocolate all over you. And you're enjoying the cookies you love that. That's what you want. And so we'll have that for you at the seminar. So money matters dot net is where you go for that money matters dot net. All right. We're gonna take a break when we come back. We're going to talk about social security for married couples questions that we can answer. So stay tuned. This is money matters. And I am Ken moraif.

Bill Ken moraif Jack Forbes Kuala Lumpur New York Chip IRS thousand dollars million dollars thousand dollar two percent three hundred thousand dollar ten thousand dollars eighty five percent ten thousand dollar two thousand dollar
"ken moraif" Discussed on KLBJ 590AM

KLBJ 590AM

08:23 min | 2 years ago

"ken moraif" Discussed on KLBJ 590AM

"This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we now work with clients in forty three states. And you know, we are at firm that specializes in retirement planning. So we work with people that are over fifty who are retired or retiring soon. And I do love it. They're wonderful people. It's an exciting time of life when you're about to retire or if you're retired. You know, you get to go and have what we call your second childhood without parental supervision. Right. You get to go play and have fun, and relax and we want to facilitate that if we can. And so we work with primarily retired people and soon retires. Well, and in two thousand fifteen Forbes named our financial advisory firm money matters as one of the top one hundred wealth managers, and we're very proud of that. But without our clients we would be nowhere. So all you clients. Thank you so much for your patronage for having us as your financial adviser. Now, one of the things we have as our primary guiding philosophy when it comes to managing our clients money. So we do a lot of things we help our clients with with their investments, we help them with their income taxes or estate planning their insurance planning a lot of things and also managing their money. Okay. And philosophically what we believe is that when you are about to retire or you. Who are retired? You're no longer on offense. Okay. You're no longer playing offense. Because if you've done the job, right when you when you come to us, hopefully, you know, you've got enough money now to retire on or your very close, and we can try to help you to get there. And so we want to have as little our philosophy is you should take little risk as is necessary to accomplish your financial goals doubt. In my mind. There is no doubt about that. Okay. So we try to push our clients down to the least risk that they can take and still accomplished or financial goals. So if that means that we can get you achieve your goals at at two percent return on your money. Then that's what we're going to try to get you to do is get two percent because that means that we're gonna invest very very safely with hardly any risk and everybody can sleep at night. We have no worries. Okay. So that's kind of thing that we're thinking about now if you need higher than that. Then we talk about that too. Now, I want to put it in perspective by telling you a story that I've used for many many years now, and they're they're these twin towers. To tell you. How old the story is I used to use this as the twin towers in New York. But of course, that's so tragic that I don't anymore. So I now use the twin towers in Kuala Lumpur. Okay. So these are the two tallest twin towers in the world and their three hundred stories tall. I believe. Okay. So now, let's say that you've decided, and so they have a in-between the towers what we're gonna do is. We're going to put a plank of wood. Okay. And this plank of wood is three feet wide and three hundred feet long because that's a distance between the two towers. Okay. So we're gonna put that Blanco would between the two, and we're gonna put it one hundred stories up off the ground. Okay. So you're way up there. Now, I'm gonna ask you since. You're the adventurous type two thousand dollar Bill, and I'm gonna put this thousand dollar Bill right in the middle of that plank of would. Okay. And well, actually, let me going to put that right in the middle of Heinkel would. And we're going to put a rock on it to make sure that the wind doesn't blow it off. Now. I'm gonna ask you dear listener, if to get on one end of the of that plank would walk to the middle and pick up two thousand dollar Bill and walked to the other end. And if you accomplish that without you get to keep the thousand dollars. Oh, I'm so scared. So my question to you is how many of you would would do that. And no you can't wear a parachute. And you can't with strap anything on. None of that. You got to walk the plank one hundred stories up in the air. And if you get to the middle you get to keep the thousand dollars. So the answer I think for most people that have asked this question is not only. No. But heck, no, I would never do that. Now, let me ask a question suppose, I took that same plank of wood. And I put it in in the on the on the floor or on the ground in the parking lot. And I said get on it on the front end walked to the middle. Pick up the three hundred dollars the thousand dollar Bill and walked at the other end. And don't step off to the side. And you get two thousand dollars. Now. How many people will give it a try, right? Just about everybody would. So what's the difference between the two the difference between the two is one hundred stories of risk right in one situation. If you make a mistake you step off. Nope. No harm done the other one. You fall one hundred stories chances. Are you not surviving that fall? Now. Lemme lemme sweeten the pot. Let's put a ten thousand dollar Bill. And I don't know if there is such a thing, but I'll put ten thousand ten thousand dollars on the middle of that plan. Would you do it for that? And most people say, no what if one hundred thousand there now, I get some takers on this one. But very very small percentage, you'll take that one. What if I put a million dollars? Would you do it then? Okay, now, usually I get maybe two or three they'll say, yes. Out of one hundred but most people even for a million dollars. I would not walk. I would not take that risk now. Let's examine what we've just done. Okay. Your investment is a three hundred foot walk. It's the walk across that plank of wood. That's your investment the return on your. Investment is the thousand dollars or whatever it is that I put in the middle of the plank in one case, you would do it in the other case, you would not and the difference is how much risk do you have to take to get that return? So the important lesson that this tells us is that returns are not equal. You have to look at the underlying investments that you have to generate the returns most people focus entirely on returns. I wanna make thousand dollars of the ten thousand or whatever that's sitting on in the middle of that plank would without taking into account. How much risk they're taking to get it in our opinion. Is you shouldn't take any more risks than is necessary to -ccomplish your goals? So we want to look at how you're invested. What is your portfolio? Look like are you taking way more risk than is necessary. And if that's the case, then we want council you out of that we're going to get you off that plank. You don't need to be falling one hundred stories that's not gonna be good on your bones. How very interesting. Anyway. So here's what I would recommend that you do if you if you like as you can go to our website. It is money matters dot net. Moneymatters dot net. And while you're there, you can we have information on there about retirement, planning, ideas, social security, cash flow, all that kind of stuff. And if you're interested in all of that while you're there you can also sign up for one of our seminars. Now at the seminar, we do talk about how to calculate how much risk is appropriate for you. And I'll I'll couch it in the version of this story, and that is how many stories off the ground. Should you be to accomplish your goals? Okay. And for most of you. I would say I would say even one story off the ground is probably about as high as you want to get maybe too high already. So we'll help you to calculate figure out how much risk you should take. We'll we'll help you to calculate your magic number which we that's the number that we've named is how much money you need to retire on. We're gonna talk about when to take social security when you're sixty to sixty six seventy we're also gonna talk about that the IRS. Yeah. Those guys they wanna tax eighty five percent of your social security benefits. Did you know that at the center, we'll show you how to beat that? If it's at all possible. Now when you come to the seminar bring an appetite with you because we will have our now world-famous oatmeal raisin and chocolate chunk cookies waiting for you. And folks, lemme tell you you may have noticed I didn't say chocolate chip, right? I said chocolate chunk, and the reason I said that is because our cookies are made with real chocolate chocolate chip is made with wax. It's paraffin. You do not want to eat paraffin. Okay. That's gross. You wanna eat real chocolate that forms its own shape melts all over your face. It's on your hands. It's on your notes, you have chocolate all over you. And you're enjoying the cookies you love that. That's what you want. And so we'll have that for you at the seminar. So money matters dot net is where you go for that money matters dot net. All right. We're gonna take a break when we come back. We're going to talk about social security for married couples questions that we can answer. So stay tuned. This is money matters. And I am Ken moraif. Newsradio. BJ Robert topping Austin's news,.

Bill Ken moraif Heinkel Jack Forbes Kuala Lumpur Blanco New York Austin IRS thousand dollars two thousand dollar million dollars thousand dollar two percent ten thousand ten thousand doll three hundred dollars
"ken moraif" Discussed on KLBJ 590AM

KLBJ 590AM

07:11 min | 2 years ago

"ken moraif" Discussed on KLBJ 590AM

"With Ken moraif. But of course, I am your host Ken moraif. Thank you, Jack. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and you know, we are a firm that specializes in retirement planning. So we work primarily with people who are over fifty who are retired or retiring soon. And so we talk about social security. We talk about income taxes 4._0._1._K's all those kind of things that I think would be of interest and in two thousand fifteen Forbes named our financial advisory firm moneymatters, one of the top one hundred wealth managers. And you know, what that is a while. I'm very flattered by that. But again without our clients. We would be nowhere. We currently work with over eight thousand five hundred families in forty three states, and it is an honor and a privilege to do that. We are so grateful, and if you're not a client, we would be very very interested in meeting with you and getting to know if perhaps we can we can help you and our website is money matters dot net. Moneymatters dot net is our website. And we have lots of information on there that you can learn about we have articles podcast videos on a variety of topics with the guard to your retirement planning. So if you're in that mode take advantage by resources now, I wanna I wanna do in this segment. I wanna talk with you about just I want to have a philosophical conversation with you. Okay. What I'm going to try to do is. I'm gonna try to convince you to come over to my side. Okay. Because you're on the dark side right now. I want to bring you over to the what what is the opposite of the dark side. Is there an opposite with Luke Skywalker? Where does he take? Is there a light side? I don't think there is. Anyway, I want to bring you over to to the to the side of outside of the dark side. Thank you. What Jeanie I'm talking about? The Star Wars got genie in there. All right. So I want to convince you because I think it is crucial when it comes to your retirement planning that you understand this concept. And I think once I go through it. I hope I'll convince you that when you retire. You are not in the growth of your investment business anymore. Okay. So you are in the preservation of you're living your standard of living business now. Okay. And so I want to explain what I mean by that in our philosophy when it comes to managing our clients money. So part of what we do is to manage our clients money and our foundational philosophy on that is that we only want to take as much risk as is necessary to accomplish your financial goals. Okay. So let me repeat that take only as much risk as is necessary to accomplish your financial goals. Now. Let me explain let's say that you have a cost of living of one hundred thousand dollars. All right. We'll pick a nice round number there. So let's. Say cost you a hundred thousand dollars a year to live now. The first question. I would ask you is what rate of return how much should you be thinking about growth rate of return? You need to earn on your money to have one hundred thousand dollar cost of living to support that. Well, obviously, you can't answer that question. Why? Because I haven't told you how much money you have yet. Okay. So let's answer that question. Let's say that you have ten million dollars ten million. And you live on one hundred thousand dollars a year. What is one hundred thousand is a percentage ten million? It's one percent. So my argument would be you've won the game. Okay. So if you're the coach of the football game, and there's two minutes left in the game your head by ten points. It's first down you have the ball. What do you do? Now. Coach. You throw hail Mary passes. Go for it on fourth down. You take all kinds of risks with that. Heck, no, you get it to your running back you go off tackle. And you say, you know, what you fumble this fall, and I'll wring your neck. So if the game is already one if you have ten million dollars and all you need is one percent to support your lifestyle. Then I would argue that you should have no stock market. No risk. You can almost bit in the savings account and support that. Okay. So take us little risk now. Let's change the scenario. Let's say that your cost of living is still one hundred thousand. But now you have a million dollars. Okay. Not ten but one so one million dollars. So now to support that one hundred thousand dollars you need ten percent return. My argument there would be there ain't no way that's going to happen consistently over time. So it's not about growing your money. It's about supporting your standard of living, and what we have to look at is at one hundred thousand dollar number. That's what drives everything it's a cash flow analysis. It's not a growth program. You have to have the cash flow in my opinion to cover your expenses for the rest of your life. If you have that I would argue you're happy. Camper, regardless of what rate of return, you get if I could tell you right now that with two percent, you are guaranteed to be financially secure the rest of your life. Would you take it? I think most people would. But then you somebody might say, well what two percent that doesn't beat the S and P that doesn't do better than the stock market do percents stinks. I wanna make ten percent. Well, but if I can guarantee you that a two percent, you're going to be secure financially the rest of your life. It's going to support your standard of living. You'll never have to worry about finances. Again, you would take that in a second, wouldn't you? So it's not about the percentage return on your money. It's the income that you get the cash flow that you get and that's the business that you are in when you retire. Okay. So when I get emails from listeners, and I got an Email from the prompted this. His name is Ron I won't use his last name. He's in his in California. So Ron if you're listening. It is not about beating the S and P. That's that to me is a relevant. I don't really care about beating the stock market or any other index for that matter what my job is is to keep my clients from running out of money. I want their money to last as long as they do. And I'm only going to take as much risk as is necessary to accomplish that goal. And in fact, what I wanna do is take the least amount of risk necessary to accomplish that goal. Because in my ten million dollar example, if I could invest that clients money, then make three percent guess what that's three hundred thousand dollars a year. They live on one hundred they're pocketing two hundred thousand dollars a year. Oh my gosh. What's wrong with that picture nothing? And if that if that person with a ten million came to me and said, hey, I want to beat the S and P I tell them they're being foolish. You know, you're being greedy, if that happens, and as Michael Douglas movie years ago, Wall Street, where you said greed is good no greed is not good when it comes to your investing greed. We'll get your bottom spanked, bright red. Okay. The stock market has a way of punishing greedy people. So don't take more risk than is necessary to accomplish your financial goals. And remember always you are in the standard of living preservation business when you retire. Now, if you.

Ken moraif moneymatters Jack Forbes Michael Douglas Luke Skywalker Jeanie football Mary California Ron one hundred thousand dollars two percent one hundred thousand dollar ten million dollars one percent ten percent
"ken moraif" Discussed on KTRH

KTRH

07:04 min | 2 years ago

"ken moraif" Discussed on KTRH

"Diamonds are. We are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. Diamonds may be forever. But good, retirement, planning strategies may get you to by lots of diamonds at least. That's what I hope we are back. I am Ken moraif. The host of money matters. With Ken moraif. I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas that we talk about with our beloved and most valued clients, and we worked primarily with people who are over fifty who are retired or retiring soon. And financial times named our financial advisory firm moneymatters, one of the top three hundred registered investment advisers, actually now for the second time, and we're very proud of that. But again without our clients. We would be nowhere. So all clients listening right now. Thank you. If you're not a client. We would love to meet with you, and we can do that by virtue of you going to our website money matters dot net. And we have information on there that I think will educate you, inform you and also enable you to meet with us if you would like, okay, so money matters dot net. Now, one of the foundational philosophies that we have in terms of managing our clients money is called buy hold and sell and we've talked about this many times over the years. And of course, as you guys may know in November of two thousand seven our strategy said to sell and we did. And then what happened was that until June of two thousand nine we didn't get our by signal and so clients, and those of you who followed our advice were out of the equity markets out of the stock markets. For almost a year and a half during all the carnage that happened. Then now, we as you may also know hit ourselves signal once again in December December seventeenth to be exact. And so that's when we basically exited the equity markets. Okay. So we are a market alert subscribers this, and we also mentioned it on the radio show. And I and I had the question asked of me says, you know, your strategy said cell, and you guys use old. Do you worry that this is a false alarm? What happens if this is not a bear market? What happens if the market goes up from here? Then what? Well, I guess the way I think about that question is let's say that I'm the guy the company that designed all the tornado sirens that go off when there's a tornado coming and so the siren goes off and the tornado doesn't like kill everybody. And so somebody says, hey, you know, what? Do you wish that your that? You hadn't designed the tornadoes warning. Do you wish that you didn't have that? Because, you know, do you worry that it's going to be wrong? And my answer is no, I don't I don't worry about that. At all. And I'll give you a very good reason why our strategy is designed to give us unlimited upside. Okay. Because our strategy follows trends so as long as the trend of the market is upward. We want to stay in. And if it goes up indefinitely will stay in indefinitely, but when that trenches, and we look at it in our analysis tells us that the odds are now against us the trend is no longer our friend, then we don't play anymore. And the reason is is because we only liked to play with our friends, if you're not, my friend. I don't wanna play with you. Okay. So I remember back in two thousand and nine I was flying back from convention. I was on an airplane. I was sitting next to this young, man. I say young is bright thirty five, and you know, as as happens when you're on a plane sometimes you get to talking about. Well, what do you do for a living? And what do you do for a living? And I told him, you know, well, I'm a financial adviser. And so this is in two thousand nine right? The market was crashing all over the place. And you know, he said, well, you must be like living in hell right now with what's going on. And I said, well, actually, not really I said, you know, we've we've actually been not in the stock markets for almost a year now, and he goes, well, really. And I said, yeah. And he goes, we'll come. I said, well, we have a strategy that when the trend changes, you know, we we say, sell, pardon me. And he goes, oh, so it's like a this. This young man was from from Oklahoma where they have a lot of tornadoes. So he said, well, so it's like a financial tornado warning. And I said, yeah, I guess you could call it that. And so, you know, I I got to thinking about it. And I said, well, let me ask you a question. I said what happens if the tornado warning what you guys do in Oklahoma when the tornado sirens go off, and he says, well, we all we go into the tornado shelter. And I said, okay. Well, what happens if the tornado siren goes off, you go into the tornado shelter and the tornado doesn't hit you. Then what? And he goes. Well, I guess we played cards. Didn't we and I said, okay? So then you come out your family comes out of the tornado shelter and the disarming goes off again. Then what he goes. Well, we go back into the tornado shelter us. Well, what if it doesn't hit you again, he goes, well, we play more cards, and I said, well what happens if it has third time play more cards. I said when would you not take your family into the tornado shelter when it's tornado siren goes off. And he said I would go in every time because I cannot afford to be wrong once and so with our strategy, it predicts bear markets that don't happen in two thousand fifteen it was not a bear market. It came close. The market went down nineteen percent. But it wasn't twenty the SNP. And so therefore, you know, it was not an official bear market. But we felt good about that one because it could have been and it was a pretty big down in two thousand fifteen so protecting our clients from that we thought was a worthy thing to do. So right now, you know, the market is behaving as if we are in a bear market. You know, we get these six hundred up days, and he's thousand updates on the Dow, but if you look at the trend from back in October, the market has been the Dow and the s&p has been going down it it has an up and then next new low is lower than the previous one, that's classic bear market behavior. So we believe that the odds right now are very high that we are in a bear market. But the problem with bear markets is that in the beginning. People don't believe it, it odors like this denial if you will. And then once the realization happens, that's when it falls off a cliff. So is it too late to get out right now? I don't think so you know, what I was telling people in two thousand eight when they were asking me is it too late to get out. I was telling relative to what? What? I mean, if the market goes down ninety percent, the Dow like it did in you know, in in the the great depression a fifteen percent or twenty percent down is not too late by any stretch of the imagination. The key thing to do is to understand that you need to protect your principle. If you are retired or retiring soon, in my opinion. Okay. And that's the most important thing. Worrying about whether the market's going to go up from here. We can go back in and we will. Okay. So this isn't a bare market. We're okay. With that. The key thing is protecting principal living to fight another day. Okay. So if you're retired or retiring soon. We would love to visit with you..

Ken moraif Oklahoma moneymatters principal Dow official nineteen percent fifteen percent ninety percent twenty percent
"ken moraif" Discussed on KLBJ 590AM

KLBJ 590AM

05:48 min | 2 years ago

"ken moraif" Discussed on KLBJ 590AM

"This is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack. And you know, if Laos is go back to their spouses when the stock market is falling guess what? There are a lot of happy reunions going on right now. Anyway, we are back. I am Ken moraif. The host of money matters. With Ken moraif. I have been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the same ideas, we talked about with our beloved and most valued clients, and we work primarily with people who are retired or retiring soon, and we specialize in retirement planning. So you may have noticed this show is all about those kind of things and in Barron's named your faithful host one of the top one hundred independent financial advisers for the seventh year in a row. That's really mind boggling, I am very flattered by that. But again without our clients would be nowhere. So all you clients listing. I'm so grateful to you for that. And so we're going to talk now about. Our foundational philosophy of managing money for our clients. Okay. We we do the whole gamut. Okay. So when we have clients, we talk about their financial planning their cash flow, planning, their income, taxes or state planning all this kind of stuff. It's all part of it. But we also manage your money for them. And so our foundational philosophy of managing our clients money is called buy hold and sell. Okay. And the reason why we believe that is because if you take large losses, experienced large losses in your money, and you're taking money out at the same time. Then farmers called his eating your seed corn. Okay. This is where you're taking. And if you eat so much of your seed corn, then grow season comes and you ain't got nothing left the plant. Yeah. I said ain't I know. I know it's bad English. But it's it sounds better. If you say yank got nothing, then you have not got anything Jack excuse me, excuse Ma. Anyway. And so in November of two thousand seven we said it was time to sell and our clients we told to get out as well to sell out of the equities, and we did that on December seventeenth of last year. So just about a month ago. And so in two thousand seven after we said it was time to sell the market. And I mean the s and p when I say the market went up ten days in a row after we said to sell. Made a. Well, it certainly felt like it. You know, it's it's not what you want to have happened. Is you tell everybody get out now. And then the Mark the market just goes up ten days in a row goes of twelve percent in ten days. But that's what happened, and we got very near to our bicycle because our philosophy is not just sell. It's also by it's also hold is three of them. Okay. So we have a bicycle as well. We came very close. We didn't get there. So then what happened was that in in November the s&p went down the market. And then it looked like okay looks like maybe we were right? But from the end of January through may. The SNP climbed inclined and climb for basically three or four months in a row. And of course, this is not what you want to have happen. If you're the one that said, it's time to get out. Right. And so in may it actually got once again, very close to our by signal, but he didn't quite get there. And then, of course, the rest is history. The market went down after that and Lehman collapsed. And we saw the almost a fifty percent drop in the SNP. So less fast forward to today and very similar sort of behavior. We have this big drop, and then we see this bounceback. So what does it all mean, you know, at this point? It's too hard to tell. But what I would caution you guys, and I was on the TD advisor network TV, I guess, it's internet TV. And they were asking me about this. And what I said is, you know? You gotta you have to be careful if you take too much heart because we have seen this recovery because this kind of recovery that we're seeing now is not unusual in bear markets. Okay. And what you want to caution. What I'm cautioning all of you listening to to show right now is there's this expression on Wall Street, which is called catching falling knives. And that should give you a visual if you don't. Okay. And right now, I think that if you're buying into all this stuff, if you're buying now, I think you're you may be buying you may be catching falling knives. You may be seeing the market go up gives you encouragement, and you and you buy the issue that I have is that it's very difficult right now to be able to point to why the market behaved the way it did. It's very difficult to point to why interest rates went down so dramatically the way they did why did that happen? And in my experience in my I've been doing this for thirty years. My experience is that when you can't point at something. It just seems to be. Be in the air. That's usually when it is actually a bear market. So if you're twenty this whole discussion I had with us probably irrelevant to you because you've got forty years until you retire. So don't worry about it. Okay. And and you got no money. That's right. So you don't have any money doesn't matter. Right. Who cares? You can recover from nothing with nothing. But the problem is that now if you're over fifty if you are retired or retiring soon, then I think that it would be incumbent upon you to at least explore the notion of protecting. What you have. Okay. Because to me the biggest risks that are retired person has is losing large quantities of money early in their retirement. Okay. That's the whole sequence risk secrets risk is one of the most dangerous risks that you face is a large loss early in your retirement. So if you're within the first five.

Ken moraif Jack Laos Barron advisor Lehman ten days twelve percent fifty percent thirty years forty years four months
"ken moraif" Discussed on KTAR 92.3FM

KTAR 92.3FM

11:02 min | 2 years ago

"ken moraif" Discussed on KTAR 92.3FM

"And here's your host, Ken more. Old man recession. You are through you have done us wrong. Well, hello. Hello. Hello, everybody. And welcome back to money matters with Ken moraif. And of course, I am your host Ken moraif. And this is the show where we talk about everything and anything in the world of retirement planning. We talk about investments stock market estate planning social security, you name it. We talk about it. And we try to have more fun than a human being should be allowed to have when talking about all of this boring financial stuff big show for your night. And we really do Ed. Really big show. And so let me well before I go one step further. Let me introduce myself. I am Ken moraif host of money matters with Ken moraif. Thank you. Jack been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And this year is only what a week old, and man, it's already one of the most exciting years of the market up a thousand dollars on my gosh, it's crazy. Anyway, all of the ideas that we talk about on this show. These are all the retirement planning ideas that we talk about with our beloved and most valued clients, and you know, we now work with over eight thousand four hundred families in forty three states, and our clients are primarily over the age of fifty they are retired or retiring soon. So that's you this show is designed for you as well. So let me go over with you what we're going to talk about on this our weekly excursion into the land of personal finances. So first of all as you may have noticed last week. We had on Thursday a terrible day the market the Dow was down six hundred sixty points, and then on Friday, the jobs numbers came out and everybody. Changed her mind. Oh, no. Well, everything's fine now. So we're going to kind of put it in perspective and say, you know, what does this all me? What do you think it means? Is it good? Is it bad? I mean, what the heck is going on. I knew nothing nothing. I see. You know, we should ask. I bet you'll see with. No, well, he just said he just said that he doesn't know anything. Okay. Never mind. Also this week we're going to continue in our series. And that is our series of of eighteen of the risks that we see that you face during your retirement, and we're on number seventeen this week and number seventeen is timing risk. And what this means is that the the timing of your retirement happened to be either in a bull market or in a bear market or when interest rates are high or when they're low and those things affect your retirement. And so we want to talk about the timing of that and how to plan ahead for those kind of things because it's very important in my humble opinion. Now, also since social security is one of the topics that we talked about with clients pretty much. I would say every time we meet. It's a big topic. We're gonna talk this week about social security for your spouse. And I want to go over with you. We're we're gonna have we're gonna ask an invite you guys to send me questions and my Email address is Ken at moneymatters dot net with regard to social security for spouses. Okay. So if you have questions about that, send them to me, and then what I'll do is, you know, those that idea to be, and it's my show I can deem them to be worthy of being talked about on the show we shall endeavour to do. So. But today what I want to do with you is kind of set the stage. So I want to go over with you kind of the big picture rules on social security for spouses. Okay. Now also this week. We're going to talk about the fact that as you guys know, we work as I mentioned with people who are retired or retiring soon. And so we believe that protection of principle is job number one. Okay. We want you to go and enjoy your retirement your second childhood without parental supervision. We want you to go play. We want neighbor. Will that if we can? But if you lose half your money in the next bear market, it makes it difficult to be able to do all those other things that you want to do. So at the core, we need to make sure that we keep you safe. And so one of the things that we have. And it's our foundational philosophy of how we manage money. Is we believe that you don't just buy and hold? We believe you buy you hold and you also sell and so in November of two thousand seven, for example, our strategy said to sell, and we did we told our clients and those of you listened to show to sell and so those who followed our vice avoided all the stock market carnage that happened in two thousand and eight and nine and so we on December seventeenth also sold. We said to our clients and our newsletter subscribers that it's time to get out of equities. And so that's been the case. And I got an Email from someone and they said, you know, your strategy said, sell, but do you worry that, you know, this is not a bear market you, sell, and it turns out not to be a bear market. Do you worry about that? And the answer is no that's the short answer. But I'll go with you. Why? I don't. Okay. And I think it's important that you, ladies and gentlemen, listening right now also understand why. I don't okay because I don't think. You should either. If you're following what we do. Or if you want to become a client and follow up and have us. Do it for you. Okay. So we'll talk about that. Now, most shows Jack would stop right there. Most shows would say, you know, what if we did just that we've done more than our listening audience could possibly want from a financial show. Yes, buzz. Exactly, we don't stop right there. We boldly go where no financial show has gone before. And therefore at about ten til we will have our state tip of the week. Now since I am or I believe I am a very generous and giving person I thought that to start off the new year we would talk about the gift tax rules and for two thousand nineteen. Okay. So we talk about if you want to give money to greedy unwashed undeserving airs, then we'll talk about the rules around that for this year. Okay. So we'll have that for you at about ten till? So I want to dive into all this. But I'm gonna tell you. I went to New York for New Year's Eve, which is crazy. I know, but I wasn't on in Times Square with two million people. It was raining. It was like forty degrees. It was ridiculous. It was like pouring rain, two and a half million people in Times Square in the rain in forty degree weather. I mean, these people are insane. I don't know what they're thinking. But we didn't do that. Okay. But we did. Go to a nice restaurant and they had near celebration. But one thing I did that if you can I would I cannot recommend it strongly enough. Okay. If you're fortunate enough to be able to go to New York and go to Broadway. I would highly recommend a show called the Ferryman. It is mind blowing. I mean, I've been very fortunate. I saw the original cast of Hamilton. I've seen you know, the. All the top Broadway shows I've been very fortunate. I've seen them they are second by a mile to this one. This is perhaps the greatest play. I have ever seen you all breathe for an hour and a half, it is mind blowing, and I won't tell you any more than that. It's just fantastic. I can't I mean, it's just insane. And when it was over everybody in the audience was like looking at each other like, oh my gosh. Can you believe what we just saw? I mean, we were all looking at each other. Like, I don't even believe I witnessed that. And I'm not kidding you. It's it's jaw-dropping Lee. Good. Anyway, Nuff said, let's talk about jobs. What do they mean? Okay. So a couple things one is that we want jobs. Okay. And we've talked about on this show that the number that we look at is not the jobs number not the unemployment number because that's kind of in our opinion, a number that is a little bit deceiving. We look at the labor participation rate. Okay. So the labor participation rate is the percentage of people of work. Working age that are actually in the workforce. And for a long time that number has been the worst. It's been fifty years or so, and it has been improving very steadily for the last couple of years. So that's the number. You look at it has improved, and that's a good thing. Okay. So all everything you look at with regard to the jobs numbers on Friday are good. There's nothing wrong with any of it. The thing you have to be aware of though is a jobs are a lagging indicator. Okay. There a backward-looking number now, certainly if jobs missed, and then that's a bad thing. And that would cause the market to get all upset but jobs are rear looking if you're an employer. Okay. You most likely have a loyalty to your employees. And so the moment there's a little bit of a slowdown. You don't fire everybody. Okay. Usually employers want to keep their employees for as long as possible because employees good employees are hard to find hard to replace etc. So they keep employees employee's longer than they should. If they were purely looking at what's going on because they're hoping things are going to turn around. So the jobs numbers tend to lag. They also on the front end when things are getting better, people are still worried. They don't want to commit yet and jobs. Don't pick up till after the economy has started picking up again. Okay. So there's a lag there. Now does that mean, it's bad? No. But what it does mean is don't hang your hat on that one. Just because we had the good jobs number you, go back to two thousand seven and you look at right before the great recession jobs numbers were actually looking pretty decent back. Then. Okay. So that's not something it's not a forecasting mechanism. It does give you a little bit. Okay. Because if a lot of people are employed, they're going to spend money economy may do well, but it's not it's not something that'll carry on for long if the economy is slowing down. So the question you have to ask yourself is how is the economy itself doing and where I look for that where we look at that is the bond market interest rates and interest rates have been going down. So with. With the bond market is saying is I don't buy any of this. And that's the when you should look at. And the reason why is because the stock market is a love affair. You're buying with emotions you're buying a stock because you think it's gonna go up and you're in love with their product or service, or whatever it may be. And you're you're hoping. Avon is alone. Your lending somebody money when you do that. You're not in love with them. You're looking at their balance sheet, you're looking at their cash flow. You're looking at their ability to pay you back you're making that loan in the cold harsh light of day. There's no love affair here. At all. So the bond market is very rational. And probably a better thing to look at the stock market when it comes to the future and right now long term rates have been coming down dramatically over the last couple of months, which means the bond market doesn't see good times ahead. So all in all we're glad we're out of the stock market right now, we're we're out of equities. And if you're still in you may be asking too late, should I do something? Which should I do. Well, here's what I would recommend to. Thanks, and they all start with going to our website..

Ken moraif Jack New York Times Square Avon Hamilton thousand dollars forty degrees forty degree fifty years
"ken moraif" Discussed on KTAR 92.3FM

KTAR 92.3FM

01:30 min | 2 years ago

"ken moraif" Discussed on KTAR 92.3FM

"Is money matters with Ken moraif. And of course, I am your host Ken moraif. Thank you, Jack up. Didn't I've been a certified financial planner professional for the last twenty marvelous wonderful and very exciting years. And all of the ideas that we talk about on this show. These are the very same ideas. We talk about with our beloved and most valued clients, and as a firm, we specialize in retirement planning. So we worked primarily with people who are over fifty who are retired or retiring soon. And so we are so blessed to have our clients. We love them we are so thankful that they have chosen us. And we do everything we can to keep them happy and have them. Enjoy what we call their second childhood without parental supervision. That's your retirement we want you to have fun and play and make life the best. It can be for you. Doubt. There's no doubt. And if we can facilitate that and help you with your finances and your decision making, then we're happy. Now. This is the part of the show we talk about how to pass onto your greedy. Unwashed undeserving airs the fruits of your labor also known as estate planning, and we do this because you know, what money isn't everything? But it sure keeps the kids in touch doesn't it? I think it does. So this week we're going to talk about the living trust, the most in my opinion over sold under needed estate planning document ever devised by lawyers, and so the living trust we're gonna talk about what it does what it doesn't do. But first Jack Kenya. Play it..

Jack Kenya Ken moraif
"ken moraif" Discussed on KFI AM 640

KFI AM 640

06:03 min | 2 years ago

"ken moraif" Discussed on KFI AM 640

"Ken moraif. And of course, I am your host Ken moraif on KFI AM, six forty. Thank you, Jack. That was the theme song you heard there. If you recognize that that's from the old TV series bonanza, and this show, we are the bonanza of the Airways we share with you the golden nuggets of financial information every week. I wrote that I'm proud of it as bad as it was I take full responsibility. And I know. Well, how it is very silly incredibly silly. So as I was saying, I have been a certified financial planner professional now for the last twenty marvelous wonderful and very exciting years at all of the ideas that we talk about on this show. These are the same ideas, we talk about with our beloved and most valued clients we now work with over eight thousand four hundred beautiful families, and we specialize in working with people who are retired or retiring soon. So that's where our focus is. And so therefore all the things that you know, in that arena, we want to help people with and we're we're blessed to be able to do that. And in two thousand fifteen Forbes named our financial advisory firm money matters one of the top one hundred wealth managers and once again without our clients. We would be nowhere. So you guys. Thank you. Thank you. Thank you. One of the views that we have philosophically of how we help our clients. So when it comes to financial advising you invest money. Obviously that's part of what you do. Is you want to help your clients with their investments diversification risk profiles all that kind of stuff? But then that's that's a component of it. But there's more. Okay. Because there's also you want to help build a cash flow plan. Right. You want to look at how you're gonna get income when you're retired. And then you want to have a risk assessment. So if you're doing proper plant financial planning, in my opinion, you need to look at the risks that your client is going to face during your retirement, and you want to build a plan around that to address the risks that you think they're most likely to face. And if you do that because the word plan, right? We plan for the worst and hope for the best. That's how we operate. So and believe it or not there are eighteen risks that you face. Okay. When you retired. It's probably more. But but just this eighteen that we that we look at. Okay. And so we're gonna talk about number six this week, which is frailty risk. And what I mean by frailty risk. It's the result of deteriorating mental or physical health. Okay. So this is when a person is not able to make sound judgement in managing their financial affairs, or they may be unable to take care of themselves at their home. So. And this is kind of not a fun topic, obviously. But at university of Michigan study shows that one third of the people over the age of sixty five suffer from frailty. And so therefore frailty in retirement is a real risk. And and, you know, even though we don't want to think about these kind of things as your financial adviser. My job is to do that. And the problem with it is it impacts people early in retirement because a third of people over the age of sixty five according to study have frailty a third. Okay. So and the majority of retirees will suffer from frailty at some point during the retirement now in in England, they did a study which shows that the longer you are retired the more your mental health decreases so working longer can help hold off frailty. So therefore, the risk of frailty can be exacerbated. And if you're retired and a lot of people strive. To retire early. Well, guess what? Don't. Okay. You don't wanna do that? So one risk is being asked to retire by your company earlier than you had planned, right and the increased costs and all that. So here's some solutions. So first of all. Make sure you know who in the case if you do have any issues there who's going to step in and make those decisions and do that for you. Okay. So is it a family member? Are you going to hire a financial adviser? And you know, we have quite a few clients who have come in and told us that the reason, you know, for example, I it's a generational thing. Obviously. But people in their sixties right now for the most part, the husband handled, the financial affairs, and a lot of the husbands are concerned that if something happened to them that their wife would not be able to handle the finances as well as they did because they kind of did the whole thing. And so if the husband or whoever the CFO for the family is is then now not able to what's going to happen next. So we have quite a few clients who are with us simply because they want to have an established relationship now giving someone control is done normally through a power of attorney. So you wanna have a power of attorney that gives somebody the power to make financial decisions for you. In the event that you are not able to and that's called a durable. Power of attorney. You might also consider having a living trust. Okay. Because what a living trust does it names a trustee. And so therefore if you are incapable of continuing as trustee you've already named who's going to step in and what the rules are at cetera. So this is a very good second option in one that we recommend in a lot of states. Now, you also under preplanned with documents that describe the things that. Would cause you to be incompetent. Okay. So you wanna have in their activities of daily living, and and therefore this is called a guardianship document, which basically spells out, you know, not the financial decisions that need to be made. But who's going to feed you drive, you, you know, all those kinds of things again. This isn't a pleasant topic. I know, but if you're gonna be financially sound, I think you need to think about all the things that could impact you negatively. And if you have that taken care of if you've planned ahead for that. Then, you know, hopefully, it won't happen. But if it does it doesn't, you know, devastate your situation. All right. Thank you. Thank you. Yes..

attorney Ken moraif trustee KFI Jack university of Michigan Forbes England CFO
"ken moraif" Discussed on KTAR 92.3FM

KTAR 92.3FM

05:09 min | 2 years ago

"ken moraif" Discussed on KTAR 92.3FM

"Matters with Ken moraif. And of course, I am your host Ken moraif. Thank you. Jackie losses. Come back to their spouses when the stock market goes down. So I would imagine that in two thousand eight that means a lot of spouses were coin back and in the next crisis probably as well. But in the meantime, good, financial, planning ideas. I think are the rule of the day. We are back. This is money matters with Ken moraif. And of course, I am your host Ken moraif. I've been a certified financial planner professional now for the last twenty marvelous wonderful and very exciting years and barons named him. Walk your faithful host one of the top one hundred financial advisors, and that is a terrific honor. I'm flattered but without our clients. I would be nowhere. And you know, we not work with over eight thousand four hundred beautiful wonderful families. We are retirement planning specialist. So we primarily work with people who are over the age of fifty who are retired or retiring soon. So that's you this show is designed for you and our practices as well. And if you go to our website, it's money matters dot net. Moneymatters dot. Net. We have all kinds of resources on their we podcast is show. We have articles on all the topics that we talk about we also have videos, and so I think it's a great resource for you. You can also go to one of our seminars. If you go on there, you can sign up for that or or visit with an adviser. So we have all kinds of stuff that I think you'll benefit from now one of the topics that pretty much comes up in just about every conversation with clients is social security and last week we had part one of our social security spousal benefits program and this week. We're going to go to part two. So part two is on widow benefits. Okay. Widow widower benefits. So what happens when a spouse passes away with social security now, essentially the rule is that you can get your social security or your spouse's social security, whichever is the higher upon your spouse's death. Okay. So your spouse dies, you can get yours or theirs. Whichever is higher. Okay. That's the rule. So we're gonna ask some questions here of our producer extraordinaire, Jack and learn along with that. Okay. He's sweating. He's stints. He's anxious. Come down, you got this. So Alice's husband Jacob passed away. When Alice was fifty three. Okay, tragic at what age can Alice begin widow's benefits, if she's not disabled, actually, these aren't multiple choice questions. I'll just answer them. Sorry, jack. You don't get to play sixty one. Now, sixty sixty is right. So she has to be sixty before Alice can begin collecting her widow benefits. Okay. So widow benefits start when you're sixty. All right question. Number two, Robert passed away at the age of sixty seven now when he passed away he had not started collecting social security yet. But would have been entitled had he been collecting? He would have been entitled to two thousand one hundred dollars a month. Now sue is confused as Robert was not receiving any benefit. That's when he passed away. She's concerned that either she's not entitled to any benefits because he died without taking it or she can only get what he was entitled to eight sixty six which is less than a twenty twenty one hundred. So what does she get does? She get zero because he wasn't collecting it does she get the twenty one hundred that he would have gotten had he been alive at that time or the lesser amount that he would have gotten it as normal retirement age. The answer is the twenty one hundred she gets what he would have gotten had. He taken it at the age that he died. She says Amazon, right. All right now to be eligible for a benefit as the surviving spouse. The surviving spouse must have been married for the deceased for at least nine months. Okay. It's nine months. So you have to have been married for nine months before. So now, so this one leads to the next question. And shoot. We don't have time darn it. Why would Susan poisoned? Her husband. Over several months after the bottles of poison that caused Tom's death are found under citizen Susan's mattress. She is handcuffed jail tried convicted and sent to prison Susan needs his social security benefits in prison to buy herself some stuff can she receive widow benefits while she's in prison on her deceased husband and the answer is no if you murder somebody all bets are off. So don't do it. Anyway, if you are over fifty if you are retired or retiring soon. Then. Yes. And I know there's a lot of you out there than you are somebody that we want to work with. That's what we do. We are retirement planning specialists, and that's where we where we hang our hat. And so we want to talk with you about your retirement planning, if you are retired already, then how do you get income? We wanna talk to you about reducing your income taxes were talk with you about his state planning social security benefits. All that kind of stuff. If you're not retired yet. But on your way, then we wanna talk with you about that too. If you're within five years of retirement, you need to be thinking now about developing your plan. So how much money are you going to have how much do you need where are.

Ken moraif Alice Jack Jackie Susan producer Amazon Robert Jacob sue Tom murder nine months two thousand one hundred dolla five years
"ken moraif" Discussed on KTAR 92.3FM

KTAR 92.3FM

05:51 min | 2 years ago

"ken moraif" Discussed on KTAR 92.3FM

"Money and. We are back this is money matters. With Ken moraif, and of course I, am your host Ken moraif Thank you Jack certified financial planner professional for the. Last nine teen marvelous wonderful and very exciting years and all of the ideas that we. Talk about on this show these are the same ideas that we talk, about with our beloved. And most valued clients and we now. Work with over, eight thousand four hundred families in Yes yes indeed it is a while. In forty three states? And we we, are a retirement planning. Specialist so we work, with people that are, over fifty who are retired or retiring. Soon primarily and so that's kind of where we sit and for the second time now financial times, named our our firm moneymatters one of the top. Three hundred registered investment advisers and you know what without our clients we would be nowhere so all these accolades we. Get our, great but we love. Our, clients so much and if you're not a client and you are over fifty and you're retiring or you're already there. Go to our website and learn more about aside I think you'll find us to be interesting and perhaps? Somebody you'd want to work with our website. Is money. Matters dot net money matters dot net now one of the, things, that comes up in, conversation almost every time when we visit with our clients is social. Security and one of the questions that comes up if you haven't started yet is when. Should I take it and that decision when it's not just win But also. How, there are there are several strategies that involve the the answer to the word how not going to get those into those today but mostly we're gonna talk about you know win so one of the options you have is? You can take it at age sixty two You can also wait till you're. Sixty. Six and you can go to your seventy so the three big age days or times are sixty to sixty. Six and seventy so let's talk. About sixty two so if, you take social security, when you're sixty two then what they? Do, is they give you a reduced amount okay so they reduced the amount that, you would have gotten had you waited till. Sixty six by about twenty-five percent so you're taking a lower amount so the first question Dan you know as well why. Would I want to do that okay and we'll get to that in addition after. The. First year of doing. That you are locked in forever, to that number, so what that means is that all of the cost of living adjustments. That might come in the. Future from social security those would be based on the number you started with with at age sixty two okay so. You have that and then in, addition to, that. Upon your death your spouse has the choice of getting your social security or there's whichever Is the higher and if you're. Is the higher it's higher than theirs but it's still to lower the amount that. You. Chose to take and. That's permanent also okay so there's, a lot of, reasons why you would not want to take it when you're sixty two So then. Why would anybody do, that well the big one I'll tell you is if you need the money take it okay. That's. That's number one if you need the money take all right. The? Weather's reduced or not doesn't. Matter if you need it, take that's that's it now the other place the other time when you might want to do it is if your health isn't that great okay and your life expectancy is, not that long and enjoy life right you wanna take some trips. You wanna do some stuff so you want. You, want that extra income to come in now while you are able to go out. And, do stuff that you might not be able to later on because you know you've got something that's gonna, make that not happen, so you want to take that into account now the other thing also is that? You? Want to look at where your money is okay because if the majority of, your money is in IRA's in, retirement plans like 401K's, and all those things then in most cases what happens is that. Every dollar that comes. Out. Of that is taxable to you right so you have this one hundred percent of the money coming Is taxable in most cases so social security in. In in a lot of cases are not. Taxable, at all but at the very highest it's only taxed at eighty five percent right. So, it's tax less than one hundred percent so it's a tax play where you can you can use the, social security income that, you're getting and that will reduce the amount you need to take from your IRA's? And? The tax plan that might be beneficial to you as well Well it's also very logical Mr. Spock now the thing that I want you to be aware of is that social security is very complicated it's very complicated. There. Are all kinds of rules don't just make a decision and go with it all right talk to. Somebody that can walk through all the different alternatives. And to give you kind of. You know different ideas on which are the. Strategies that you can employ and that way you'll pick the right one I've seen, people who make decisions and, it ends up costing them tens if, not? Hundreds of thousands of dollars over their lifetime. And you don't wanna do that okay spending. An hour talking to somebody that knows what they're talking, about could save you from doing that so here's what I suggest go to our website it is money matters dot net moneymatters dot net And you'll have to choices there one is you can go to. One of our seminars and we have, seminars that, are designed for those of, you who are. Over fifty who, are retired or retiring soon and at that. Seminar we go into some depth about when to take social security how to take and all that in a, in a classroom setting you can learn or alternatively what you. Can do is click on meet with an adviser and if you do that then we'll schedule a time. To. Visit with you now, if you wanted them in and visit. With an adviser, we want. To, talk about your entire financial plan. Okay, we want to help you to build your retirement financial plan and so social security is part. Of that but. We also want to look at. Diversifying your portfolio we want to talk with you. About what. To do with their 401K's in your retirement plans we wanna talk about your state planning you, know leaving, it to your greedy unwashed undeserving airs while you're gone we want to talk about income income taxes we. Want to talk about the just the whole picture of your retirement planning and help you build a plant and we want to do it at no charge.

IRA Ken moraif Dan Jack Mr. Spock one hundred percent 401K eighty five percent twenty-five percent
"ken moraif" Discussed on KTRH

KTRH

01:46 min | 2 years ago

"ken moraif" Discussed on KTRH

"Yeah Laron. Money Skies are sunny Recession through you have. Done, us. Long. Well, Hello Hello Hello and welcome back. To money matters the Ken moraif and of course I am your, host Ken moraif and this is the show where we talk about everything and anything in the world. Of personal finances we talk, about investment, strategies social, security retirement, planning estate planning. You name it we talk about it and we try to have more fun than a human being should be allowed to have when talking about all of this. Boring financial stuff and this week could be no exception because we have an absolutely fantastic show lined. Up for you but before we go, one step further let. Me introduce myself I. Am Ken moraif the host of money matters with Ken moraif Thank you. Jack and I've been in the I've, been a certified financial. Planner professional for the. Last nineteen marvelous wonderful and very exciting years And I do I feel great as a matter of fact and all of. The ideas that, we talk about on this. Show these are the same ideas that we talk about with our beloved and most valued clients as. A firm we are a retirement specialist we work with people primarily who are over, the age of, fifty who are retired or retiring. Soon and we now work with over eight thousand four hundred, families in forty three states we. Are honored we are blessed and our. Website if you are one of. Those aforementioned retired or retiring soon people is, money matters dot net you can find out more..

Ken moraif Jack
"ken moraif" Discussed on KFI AM 640

KFI AM 640

01:30 min | 3 years ago

"ken moraif" Discussed on KFI AM 640

"To be a millionaire flashy flunkies everywhere country country or wallowing in champaign this is money matters with ken moraif and of course i am your host ken moraif on kfi am six forty thank you jack to be a millionaire flashy flunkies everywhere the country country to champagne are wallowing in champaign this is money matters with ken moraif and of course i am your host ken moraif on kfi am six forty thank you jack i've been a certified financial planning a planner professional for the last nineteen marvelous wonderful and very exciting years and all of the ideas that we talk about on this show these are the same ideas that we talk about with our beloved and most valued clients we work with over eight thousand families in forty three states buzzes right we want to help as many people as we possibly can and you know we are retirement specialists we work with people who are over fifty.

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"ken moraif" Discussed on KFI AM 640

KFI AM 640

02:13 min | 3 years ago

"ken moraif" Discussed on KFI AM 640

"This is money matters with ken moraif and of course i am your host ken moraif on kfi am six forty thank you jack on on this show ladies and gentlemen we like our bonds shaken and not stirred and all those other financial shows they stir their bonds yes they do and you don't wanna do that you want to you don't want to stir your bonds anyway we are back i am ken moraif the host of money matters with ken moraif i have been in the financial services business now for twenty nine years started when i was five and also been a certified financial planner for the last nineteen marvelous wonderful and very exciting years and i have to say this year is certainly that all of the above and all of the ideas that we talk about on new so these are the same ideas that we talk about with our beloved and most valued clients and recently barons named wa your faithful host one of the top one hundred financial advisors in the united states actually for the sixth year in a row and without our beloved clients i would be nowhere so all those kudos go to them and we specialize in working with people that are over the age of fifty who are retired or retiring soon so we want to help you with all the things that you need to be thinking about when it comes to your retirement or not you have a ready source of income.

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