35 Burst results for "Ray Lucia"
Pacific Northwest, Major League Soccer And Seattle Sounders discussed on The Ray Lucia Show
"Major League Soccer teams in the Pacific Northwest banning political flags that games USA radio's John hunt with the story Major League Soccer has a new policy that bans political displays that matches the Seattle Sounders and Portland timbers of band signs and flags with the iron front symbol which they say has become appropriated by some in the N. T. for movement at times in the context of violence supporters groups maintain the symbol represents opposition to fascism and persecution a human rights issue not a
Pompeo meets with Mexico's foreign minister to discuss immigration, trade
"Of state by Tom panel meeting with his Mexican counterpart for trade talks in Mexico City discussing trade and immigration as in June at the trump administration tied trade and immigration together with the threat of stiff import duties on Mexican goods beginning July twenty second if the neighbor to the south does not act to stem the flow of illegal immigrants to the U. S. Mexican
4.9 aftershock rattles Ridgecrest in aftermath of two major quakes
"Just getting word that another good sized earthquake has southern California on edge a magnitude four point nine quake rattling the ridge crest ridge crest area just before six thirty local time this morning the shaker the latest in a string of aftershocks since two major quakes hit that area last week no reports of injuries but people across southern California are on social media saying they
DC mayor says Trump's Fourth of July celebration emptied security fund
"The big fourth of July celebration in Washington DC cost a lot more than they expected district of Columbia mayor Muriel Bowser has asked president trump to reimburse the one point seven million dollars his salute to America fourth of July celebration cost her government Hauser said the presidency vent energies first amendment demonstrations depleted the districts already taxed emergency planning and security fund by nearly two million dollars she also said the trump administration has yet to reimburse the district seven point three million dollar cost related to the two thousand seventeen presidential inauguration the president's salute to America consisted of an assortment of military equipment such as tanks and several flyovers in anticipation of the park service diverted nearly two point five million dollars for the celebration the president said before the event that the cost would be little compared to its worth you're listening to USA radio
USA, Chris Barnes And Tom discussed on The Ray Lucia Show
"There's yet another candidate trying to win the democratic presidential nomination and USA's Chris Barnes has the story billionaire and liberal activists Tom's Dyer had said not that long ago that he was not going to be running for the White House instead focusing on impeaching Donald Trump but now Stiers announced he is joining the already crowded field of Democrats issuing a video on Tuesday morning
Tlaib defends vote against funding for 'broken' border system
"Congresswoman receded to leave is defending her vote against a border funding bill on ABC's this week the Michigan Democrat said she voted against that four and a half billion dollar bill because you don't want to throw more money at what she says is a broken system to leave was one of the lawmakers who visited the border patrol station including taxes that has been the subject of widespread anger over allegations that the children there are being held without adequate food water or sanitation something the federal agency
Judge favored leniency in rape case because of teen's "good family"
"To New Jersey judges have come under fire for their handling of rape cases one asking whether a sixteen year old Eagle Scout quote from a good family end of quote should face serious consequences over a video recorded assault on an intoxicated teenager another judge ask whether a twelve year old girls loss of virginity constituted serious harm the comments which follow other cases of perceived leniency towards sex offenders with privileged backgrounds lead victim advocates to question whether these judges are sufficiently trained to handle assault cases in the meat to era Patricia tefan heart the executive director of the New Jersey coalition against sexual assault said survivors worst fears are now coming to life they're fearful of victim blaming or having the crimes committed against them being minimized Monmouth County judge James Troiano said in his opinion the Eagle Scout charged with assaulting the sixteen year old it up a Java party had a good test scores and was on track to attend a top college thanks for listening to USA radio
Trump Can't Use Pentagon Cash for Border Wall
"The court upheld a freeze on Pentagon money to build a border wall with Mexico casting doubt on president Donald trump's ability to make good on a signature campaign promise before the twenty twenty election but if I did three judge panel of the ninth circuit court of appeals in San Francisco agreed with a lower court ruling that prevented the government from tapping defense department funds to about a high priority section of the wall in Arizona California and New Mexico for USA radio news I'm John hunt
Trump and Putin 'Joke' About Meddling at G20
"Trump has told Russia not to meddle in the next election Republican senator Lindsey Graham told CBS face the nation that the president's approach to Vladimir Putin was proper I'm not so sure review can pollute and in front of a bunch of cameras does much good what person is when you hit him in the Polish pocketbook this old guard friends are having a hard time placing their money around the world we put tremendous sanctions on the Russian economy typically in the energy area and is fighting Russia so actions mean more than anything in this part of the world
Gas Taxes Jump in These States in July
"Motorists in three states are quickly running out of time to fill their tanks before gasoline tax increases on July first John Clemens reports the state's claim they need the additional revenue repair Rosen for mass transit programs motors are filling their tanks now before the increase is going to a fact July first after to Hana gasbuddy dot com tells us there's going to be pain at the pump Illinois is raising its state tax nineteen cents per gallon gas prices there will jump Ohio is raising their tax ten point five cents per gallon in California is raising its gasoline tax five point six cents on July first all three of those states are going to see have to jump in gas prices I'm John Clemens
Dems Call on Mitch McConnell to Up Election Security
"Election security is the focus of the latest democratic quickly address congresswoman Zoe Lofgren of California spoke about election security and the need to pass the safe act we call upon leader Mitch McConnell and Senate to join with house Democrats and past sensual bipartisan bills together week and not and our national security you're listening to USA radio news
NASA Is Sending a Life-Hunting Drone to Saturn
"It's almost time to see another world from the eyes of dragonfly well at least a robotic one nasa said that it's sending a drone called dragonfly to explore saturn's largest moon titan using propellers the drone will fly and land on several spots on the icy moon to study whether it can support microbial life the nuclear powered mission is part of nasr's competitive new frontiers program which launched the new horizon spacecraft became the first visit the dwarf planet pluto development costs for the mission are capped at around eight hundred fifty million dollars for u._s._a. radio news i'm john hunt
Senators Try AGAIN to Solve Nuclear Waste Debacle
"Has been more than a decade since the united states government was supposed to begin moving spent nuclear fuel that has been piling up at dozens of commercial reactors around the entry to a repository in the nevada desert the obama administration halted development of a proposed long-term storage site at yucca mountain nevada and the federal government is no closer to finding a solution with what to do with a high level waste resistance is strong in the west including nevada and new mexico as well as texas as they face their own hurdles u._s. senator lisa murkowski chairwoman of the senate energy and natural resources committee said failure of the federal government to move ahead is costing taxpayers more than two million a day and the liabilities from leaving the waste where it is will only increase about eighty thousand metric tons of spent nuclear fuels generated by commercial reactors and stored around the nation according to the u._s. government accountability office that number continues to grow as nuclear power plants continue to operate
Twitter to Flag Abusive Tweets by World Leaders
"And other world leaders and political figures who use twitter to threaten or abuse others could find their tweets slapped with warning labels this new policy announced by the comes any comes amidst complaints from activists that president donald trump has gotten a free pass from twitter to post hateful messages and attack his enemies in ways they say could lead to violence from now on a tweet that twitter deems to involve matters of public interest but which violates the service rule will be obscured by a warning label explaining the violation you're listening to u._s._a. radio news
Senate Passes $4.6 Billion Border Aid Measure
"Lawmakers on capitol hill are now able to pass a piece of bipartisan legislation u._s._a. radio networks timberg has the story the house is sending president trump a four point six billion dollar humanitarian aid packet speaker of the house nancy pelosi says it's important to get emergency funding to those who need it to make sure that the resources needed to protect the children are available republican mitch mcconnell says what was the hold up in the first place they've been talking for two months about this humanitarian crisis it should not have been as
Kamala Harris Tears Into Biden Over Civil Rights
"Former vice president joe biden was forced to defend his record at the debates last night on disaggregation in the nineteen seventies under grilling from senator kamala harris of california the intense exchange came less than two weeks after biden came under harsh criticism for boasting about his ability to form personal relationships in past decades with james eastland from mississippi and herman toll mitch from georgia harris said it was hurtful to hear biden speak of his bonds with those senators she told the story of a little girl who was in the early wave of children to integrate schools in california in california who is part of the second class to integrate her public schools as she was bused to school every day and that little girl was me in the seventies and early eighties biden led a southern block of republican and democratic senators who blocked the use of federal funds to enforce desegregation through bussing this is u._s._a. radio
San Fran Becomes 1st U.S. City to Ban E-Cigarettes
"The largest eat cigarette manufacturer in the world can no longer sell their products in its own home city u._s._a.'s wendy king explains the board of supervisors in san francisco where the e cigarette jewel is headquartered has approved an ordinance prohibiting the sale manufacturing and distribution of vaping products it's not retroactive so dual can stay but no new companies can come in supervisor met haney says what sold the sales bentiu him with the lack of regulatory oversight product that does not yet have f._d._a. approval for marketing we also have seen explosion of the use of e cigarettes by youth last year one in five high school seniors admitted developing in the past month they also have a plan to help small businesses that are impacted by the band for u._s._a. radio news i'm wendy king
Reality TV Star Beth Chapman Dies at 51
"In honolulu beth chapman who co starred with her husband on dog the bounty hunter and later spoke out against some bail reform measures as the leader of the national bail agents organization has died chapman died at queen's medical center after an almost two year battle with cancer she was fifty one chapman was diagnosed with throat cancer in september two thousand seventeen after getting a nagging off checked out a tumor was removed and she was declared cancer free but in november two thousand eighteen she was diagnosed with stage four lung
"ray lucia" Discussed on Biz Talk Radio
"The Ray Lucia show. those those two with right to save on tools you need to make your home we do it right to everyday deal so you can get more for less but your choice of the kobuk to peace twenty four volt cordless outdoor power equipment combo featuring a leaf blower and string trimmer for just one hundred twenty nine dollars for one hundred twenty nine dollars get a cobalt twenty four max brushless combo kids a._n._c. fig cobalt two hundred twenty seven piece but exclusive now just ninety nine dollars to start with lowe's offers valid through six nineteenth easter for details u._s. do you have an old car sitting in your driveway how would you like to learn hassle free way to get rid of it help kids in need and get a great tax donation in the process it's real easy one simple free call to our car donation hotline is all it takes call the nisharma foundation at eight hundred seven two one six seven two three eight hundred seven two one six seven to three we'll come pick your car up for free and give you a tax donation for the full value of the car running or not the value of your unwanted Car will go to help kids in need. It's fast and easy. Just call us and your car will be gone and on its way to helping children in forty eight hours. And you get a nice tax deduction. Call the new Shamma foundation now to get rid of your car, help kids and get a tax write off color. Eight hundred seven two one six seven two three eight hundred seven two one six seven two three eight hundred seven two one six seven two three that's eight hundred seven two one sixty seven twenty three. Paid non-attorney spokesperson for you over the age of sixty and been diagnosed with lung cancer. If so you and your family may qualify for a cash award. We can help make sure that you and your family or financially safe and medical expenses are covered. If you've been diagnosed with lung cancer, enter over sixty call twenty four seven one eight seven seven six one four zero one zero two one eight seven seven six one four zero one zero two attorney advertising William step hacker, junior is the attorney responsible for this app, may, this may not be available in all states. This message sponsored by Eric line featuring the nation's best prices on a homestead lift by you, having a difficult time getting around your home. Do your void going up and down the stairs, heavy. We even considered moving from your lifelong home just to avoid the stairs. Forget about moving and call a miracle lined and learn how an easy to install scare lift is the perfect.
"ray lucia" Discussed on Biz Talk Radio
"REI. S. H. O W. This is the Ray Lucia show. Thank you very much. Log into the show. I've got started coughing. And then Donald Trump wants to throw me out of his office. Now you're. You're going to put a mask on get away from me. Oh, lord. Just as the music started to run. I started having this coughing, your three nanoseconds into the show, excuse me. Welcome folks is the Ray Lucia show. The one talk show in America that helps you make better money moves got a lot of stuff on the agenda for today. We've been talking a lot about the myth of outliving your retirement savings. I came across an article of that confirms exactly John what we've been talking about in the last couple of days. Maybe we'll get a chance. Yeah. Talk about that. But I, I want to focus a lot on the brain today. The brain, the brain on my. Yeah. There's it's interesting because basically, there are few studies very recent studies, by the way, that have come out that basically say retirement causes brain function to rapid lead declined retirement does retirement does that to you, why. I think about retiring working my whole life, and I feel like I'm already in that the cerebrum the cerebellar or the Medusa oblong got oblong got. Yeah. Okay. That, but I want to start with this because I got an Email, we hours of the morning, I know where it came from came from some dude. Or do those Marlin with an L I N? I've known some Marlins with an L, Y N Marlin, Marlin. Marlin. L. N. O N. Yeah. Get the spelling right of. Anyway. I've been managing my own money and says a Marlin. Maybe it's Mary Lynn. I don't know. Maybe mayors mayors Marlin Monroe. But she's long gone. Yeah, anyway, managing my own money for a few years and doing fairly well, but I'm smart enough to know that the market's gone straight up until recently, my question is, what should I be looking for, in a money manager? And I said, you know, we haven't talked about that in a while. So what should mar lawn? Mar largely land. Think about or know about with respect to the money manager sit back folks. Relax the.
"ray lucia" Discussed on Biz Talk Radio
"Alright y and say Joe w. This is the Ray Lucia show. Thanks very much, myself round of applause. That's so amazing. Thank you so much. Thank you tuning in the one talk show in America that helps you make better money, moves the program, all about your money, your business, and your alive. John dean and the house or their big bad hair, you should give yourself a hand. Nobody else to do. I've been giving you a hand up hand up. Since nineteen Ninety-one, it's been a long time and a good one too. I think it's been fantastic. Thank you for all the help. Yes. Yes. We're only we're only like two and a half years away from thirty. Yeah, I know I know the fact that we're only thirty nine years old. Nine years during recess. Third grade. Hey, I think I know where this came from, and it may be a setup Carter, who is an advisory says, in training, emailed, me, just this last weekend, and he said something like I keep hearing about being debt free paying off the mortgage, and then investing in twelve percent mutual funds so that I can take an eight percent income and allow four percent for inflation, way, where where does this is this is Carter and advisor. Maybe it's Carter page. That's the only one that I know's first name first name is Carter looking for. Yeah. No kidding. Is this is an advisor to be an intriguing advisors here about this evidently? And I think I know where I don't want to get into the situation of, of where let's, let's help Carter and many others. Because let's face it, there's this huge mantra that's been going on for years about how you need to be depth three before you start investing. And that's a discussion. We've had a number of times on this program. The difference between good debt and bad debt as an example. I think we all know that. I mean it's pretty basic, you would think, so, although I listened to some of these get out of debt people, and they say, don't invest to your mortgage is paid off. Exactly. Well, that's exactly what this Carter is suggesting is this doesn't make sense, folks. Okay. So let's just do the simple man. And by the way, most of them, are dealing with behavior and not mathematics. Because if you're dealing with mathematics, it's pretty simple. Right. If you have a four percent loan, and you're in a thirty percent tax bracket, then it's costing you two point eight percent for the use of the money, right guppies two point eight percent. So you're bogey is two point eight. So I ask you, can you beat as a long term investor, because a mortgage is thirty years. Right. That's pretty long term. So can you beat over a thirty year time period, they compounded two point eight percent return net after taxes and the answer is you'd be an imbecile not to be able to do that. If you just close your eyes and put your money, sixty forty mix into any kind of blend of stocks and bonds. If you put it all in the stock market, he probably closer to eight you're saying over thirty years, and that's not taking withdrawal, that's not taking any withdrawal. So that was the second part of Carter's. And text here or Email I should say because he's saying invest twelve percent. I know where the twelve percent k came from don't buy it. It's a ridiculous assumption. And it's even more ridiculous. To assume twelve percent. Takeout. Eight leave four for inflation, while you're distributing the assets because every single mutual fund. That's a growth stock mutual fund, by the way, that's one hundred percent invested in the stock market. But every one of those ones that maybe did twelve percent over a twenty or thirty year period, probably haven't done it over the last twenty years because you had to blow up. So when when this fellow is talking about twelve percent. He's using a time period in which the markets were quite prolific. Like from the mid eighties to say the year two thousand that twenty five year period, a lot of mutual funds did twelve percent. Compounded? But starting in two thousand to today, I know of none novel last ten years. Yeah there's a ton of done fifteen percent, maybe twenty percent but leading into the ten year bull market longest in history. Yeah. Two major fifty percent bullets. So when you shake it up now twelve percent is way too aggressive. Now. It's funny because Peter Lynch and there's no one, I think in the industry, that's no more revered as a portfolio manager, money manager, money, man. Then Peter winch. He's, you know, the fidelity vice-chair guru, and he managed the fidelity Magellan fund for I don't know, a couple of decades at least two massive returns like twenty eight percent or twenty five percent. And he's the guy that made famous John by what you know. Yeah. Yeah. Seve's brilliant. I mean, the guy you would think that with all that prowess, he must have been doing something that others weren't doing. You know the by the by what you know thing sounds good on paper. But there's a whole lot of stuff. I don't know much about let's call it in technology. You're of course. And so if that were me, I would have never owned apple or Microsoft or any of those tech companies that zone so well Google. You would've owned guitar company. Absolutely something sports related perhaps, right? L the football. Yeah. There you go. Body ridell Ida had two two on the right now. I think once the why ones with an eye, but you got a couple of times word right L tattooed backwards at your art. When you got hit by a helmet with that. That's another indeed. So, so Carter, if this is a real Email, I suspect that it is. I'm not questioning got nowhere at all. I think I know where it all came from. And the fact is, yes, it's important to be, quote, bad debt free. So let's all agree that, if you have high interest rate, credit card debt cetera et cetera bad debt. It's good to pay that down. Now, there's a mantra out there that suggests that you should focus your attention on paying down the lowest payment debt for what was the. Well, they're, they're there couple of schools of thought interest rate to pay that down. I some people say that others say, take the one with the lowest balance balance as at first, so you get that out of the way and you see a sense of accomplishment. Right. So one is behavioral. Yeah. The other is mathematical, right behavior. If you're if you need the behavioral help, then do that, you know wheel whatever they call it where you pay off the low balance. I apply. You pay minimum payments on everything else. And then you apply the maximum. They get the low balance paid off. Now for a guy that owns an HP twelve see, like the one I got him my hand here. That's stupid. I mean, come on. You got an eighteen percent credit card with a you know, a twenty thousand dollar balanced, and you got a three percent, credit card or Bank loan for a car with a you know. Three three thousand dollar balance. No. If you want to focus your attention as much as possible on the twenty percent interest rate cost, I tend to agree with, that, although I do see the psychological, psychological benefit. I it's, it's different for everybody. If you owe twenty thousand dollars eighteen percent you better pay pay that off. I absolutely three thousand at eighteen percent and you owe two thousand three percent and you want to get one of them out of the way, maybe you could do this marginal. I mean, that was marginal case. But, but just understand we talk about behavioral finance all the time in this program, and there's nothing more powerful than learning what your behavior is. And then adopting or. Somehow, managing your finances accordingly. But you should also understand the mathematics behind it. It's not just about behavior and this eight percent safe withdrawal rate thing. I'll have more to say about withdrawal rates either later on this show or another shows. But, but the fact the fact of the matter is eight percent is fine, if you're only going to live ten year. Because if you suffer through, I mean, just think, again, simple, mathematics, you have a million dollar portfolio you lose fifty seven percent. You're sitting on four hundred thousand dollars. And now you're gonna take eight percent of the million dollars taking eighty thousand bucks out. So a flat return means you can live five years. Okay. No. That is not an advisable thing to do, even though somebody that you may respect said. So you're talking about taking eight percent of whatever the of the original bound, the originally that balance not, what's leftover not the RAM D method here. No, no, no. Not. The are him.
"ray lucia" Discussed on Biz Talk Radio
"Is the Ray Lucia show featuring Lucia and Johnny dean. Hey, john. I told you starring Ray Lucia, it is, you know, you gotta get this stars attitude. I don't want to get the stars at it. Well, it's you know, makes you look big. Yes in featuring Johnny dean, I'm here with you know, one day. Maybe I'll maybe I'll host one day one day if you're out of town or car breaks down or you can't get in it for the last four or five years now I thought this morning because just about sixty seconds before the curtain went up studio. I did. Yeah. To just take care of saw good though. It's all good limb. Roby down in just a few. That's right. You're gonna come by and see us. I've got some stuff talk to her about Lynn is one of our certified financial planners. And she's the one that brings you all this length benefits stuff. You know, you were asking me, by the way on this multiple income sources thing. Yes. And I'm gonna talk to win a little bit about that too. Because she's involved in the insurance side of the house like pestle and some of the others. We have in the program, and there's some pretty interesting products out there today, my goes, for example, we've talked about before multi multi-year guaranteeing all that stuff in either event will have Lynn in just a bit. So make sure you stay with us. She's always Johnny on the spot. She'll be Johnny spot to exactly what I meant the bottom. Right. Okay. I'm gonna ask her about this. Why you need a system to create a paycheck in retirement, more, commonly known as mailbox money mailbox money. Yeah. You go to the mailbox. Gotta check there waiting for you. That's that's so old fashioned anymore. What do you expect you go to box anymore? I do I go almost every day you. Yeah. 'cause I got one of these PO box thing. But you're like me you expect some useful to be there. I have a mailbox, but you know, what it is. It's just a shredder the mail the mail box in the bottom. It's just treading. Now. I go because my wife has all of her shopping now online. Groceries. Groceries. You're getting the packages packages packages. She doesn't have delivered to the door because he doesn't trust the people next door. Tell. So mailbox money is what we're talking about. With lynn. Plus, I know you're gonna ask me about the some Email. You got well, I hadn't Email. I I don't know if we have time because Lynn will be coming in. But if not this hour, we'll do it next hour with the TV, folks. And it had to do with these multiple sources of income. The got was asking about what do you mean, we talked about this the other day they wanted us to go over to gin? Well, I just very very quickly. I don't know if we can get off at this hour. But when when I talk about multiple sources of income, it's not really rocket science. It's basically when you approach retirement where are you going to get your check from? All right. You're going to get it from social security if you're lucky enough to have a pension. Yeah. But now, you've got a portfolio typically that IRA's and so forth. It's not just the multiple sources of income. It's the multiple sources of taxation on said income because remember you've got a partner in all of this stuff. That's uncool Sam and to the extent that you're in a reasonably high bracket, and those of us that live in California know, exactly what I'm talking about. Because twenty two percent, which most people will be in is one thing. But when you add another seven eight nine points to the state income tax up there over thirty percent. And that's almost a third of every dollar you bring in over a certain threats. That's a lot of money. It is a lot of money, and it doesn't do any good for anything. So anyway, but you got plan for it. Because that's what you have. So I would pose the question to everybody that's watching and or listening on the program today. And that is what are your multiple sources of income and equally as important. What are they on a net after tax basis? This is why I've talked about the different silos of money, and how it's really nice to have pre tax money in places like your IRA or your 4._0._1._K plan knowing that money comes out taxable. The because now we've got a pretty good threshold for retirees you've got like almost twenty seven thousand dollars for a married. Couple over the age of sixty five threshold that you can earn paying zero tax right? And then you've got what seventy eight or seventy nine thousand in the twelve percent tax bracket. Right. That's once you get past. That twenty once you get past the twenty twenty four something for everybody over six. Arrives over sixty five. You get a little bump who's twenty six six last year. It's a little bit more than I think it's more than that. I don't have to take. But but but so important about that is the next phase, which is when you got other gains such as capital gains. And then if you have Roth IRA's, you now have tax free money, and then when you have social security that money could be tax free, or at least not subject to all of it being taxed, so the key is not going to have multiple sources of income, but the taxation of those multiple sources of income, and then you also have to know the roles because one might say well rough areas are great. But I got a nice Muny bond portfolio, and I get tax free income. Well, that is true your income. Maybe federal tax free may not be state, but it may be state tax free to it may be local tax free. But it may not be. Be social security tax free. That's something that everybody tends to forget. Well, most people they don't think about that. They don't think about doing. We've had questions about Roth conversions right Watkin versions. Hey, I got room in the bracket. Maybe I should do it. Maybe you should it may be good thing to look at. But you also have to consider in this equation is are you taking your social security, and if so how might your social security taxation be affected. Maybe you think. Hey, I've never been taxed on my social security my life. I don't even think there is a tax ation on social security because I've been taking it since I was sixty two I'm seventy five not once if I ever paid taxes on my social security, but I've got this one hundred thousand sitting in my, you know, whatever I'm going to convert some of it out of my IRA. I wanted to grow tax free in a Roth, boom, you do it. And you say, hey, everything's fine. I'm staying in the tax bracket, and you get a tax Bill, and yeah, there's another one for the wealthier people. That's kind of interesting and that is on the Medicare. Yeah. That's the other one. But it doesn't hit you for. For two years. You see it doesn't happen instantaneously. And so you wake up one day what I've had people call me. And they heck happened. And you go back in your research and say, well, do you see this big gain you had two years ago when you sold your company or do you see this big game? When you did this Roth conversion because all of a sudden, they're Medicare premium one hundred and thirty five bucks a month to four hundred twenty. Well, you people have done it where they where they may be sold a house, you know, and had a nice capital gain. Or have rental house. Exactly. And they had a nice capital gain. And then they look, oh, I don't know anything two years later. And the reason it's two years later is because they don't want your tax return has to go through the cycle. Sure. And so by the time, they find out about it. You're gonna get tagged with the tax Bill usually two years later. Forget you don't know what he had very very surprising tax Bill. So this is why when we talk about the multiple sources of income. We must also talk about the multiple ways that income can be tax. The other thing is and we discussed this the other day when you have a new it-it's, for example, in your portfolio, one of the big rubs is. Well, when you take your earnings out there all taxes, ordinary income that is true, but you can construct an annuity Zeeshan plan and reduce the tax burden because there will be an element of principle that you take out and earnings so for those that are taking a systematic withdrawal. One hundred percent of your earnings comes out, I it's tackles ordinary income, but you could say well, pay me over five or seven years, and they'll be a pro rata amount of taxable income take the interest divided by seven essentially and the balance would be principal. And then you'd find that the amount of interest that you're paying is very very low, maybe with the other tax free sources of income like Ross and capital gains and dividends that could also be tax free that interest. Becomes a non issue, and it too is either tax free or tax that a very very nominal rate house. Anybody gonna know this without help? I mean seriously we haven't show every day Cup of three hours leading to. Okay. That's kind of what I was leading to. But. Listen to the show, and you find this stuff out, and some of it seems really complicated. But this is one of them is. Well, this is one of the reasons I would suggest you talk to somebody. I mean, it seems easy enough. You hear all this do Roth conversion, okay, that seems simple. But it can lead to all these other things that we were talking about tax wise that you hadn't planned on. There's there are solutions to them oftentimes. But I think it takes a professional to show you exactly what those solutions and sometimes older folk get hung up on the Roth conversion, they do and they look at their income tax bracket, and they say, well, I don't mind paying twenty four percent or whatever we talked about this yesterday when somebody took it on your if you've got five benefit I've got five grandkids. Right. And if those grandkids would be my ultimate beneficiary. The question is what's the average bracket spread across all five of them and your kids may be in a much lower tax bracket. So sometimes it's better for them to inherit the tax Bill, then for you to pay it while you're alive. A higher tax bracket. It's so much to talk about where we can't do it all but we've.
"ray lucia" Discussed on Biz Talk Radio
"Why essay Joe w? This is Ray Lucia show. That excited to hear what I have to tell you may not want to give you that standing welcome, folks. It is the Ray Lucia show. Glad to have you on board is a stock market correction in the car. That's what we're going to talk about today. Also Lynn row will be joining us caregiving obligations. I found this very very interesting. Forty seven percent of millennial caregivers who have children or plan to have children say they expect those kids they'll pay for their long-term care. Army raising really a nice band of warriors there with these young millennials. They really know there's stuff the millennials. I actually like it might be the generation behind isn't there now renamed generation behind Z or I looked this up actually L. There's the mature generation what is a nineteen. Nine hundred forty five the baby boomers from forty six to sixty four gen Xers from sixty five to eighty a millennials from eighty one to ninety six and then they came back with a generation Z was what they're calling ninety seven through two thousand eleven. Yeah. Then they came up with something else. The generation alpha. Those are the kids that haven't been boring. I wouldn't doubt it. I they've labeled. It all started with the stupid baby-boom thing, which I thought was cute that was cute baby. Boom, fine. But then they have to start naming generations after that neither van well, we'll discuss that amongst the whole bunch of other. Stuff's with Len Rowe certified financial planner. She'll be coming on board here shortly. I think I saw her in the green room. I think she's purple again today. Right. Our green room. Yes. Yes. We painted green every day. But I start with this, folks. And this is a big this is written by Charles Louis. Sizemore CFA it should be an author Charles Louis size sound like sort of like, Robert Louis. Stevenson's assizes exact set back folks, relax. You're gonna wanna hear this. And.
"ray lucia" Discussed on Biz Talk Radio
"Welcome back, folks. The Ray Lucia show conferencing, again bring the no I was just alluding to the. Sorry. I gotta get my my I'm gonna pull that up again on my phone every go, so so this study that was done by why Gan and irons, Robert a y Gan PHD in Robert irons PHD when does a bond first withdrawal sequence extend portfolio along jeopardy. And what they determined is literally ninety percent of the time spending the bonds I worked in the ten percent that it didn't it actually still did better just wasn't statistically significant. And interestingly enough when they had done this study it came out in two thousand eight so the work was done through two thousand seven had they actually still been doing this study since then they would have learned that it worked even better than they thought it was going to work back in two thousand eight. Because they thought that valuations were somewhat high stock market and so forth. The study wasn't two thousand eight. That's when it that was when it was published in the journal of financial planning. I'd love to see what the you have the next ten years in and see what what? Well. Yeah. The stock market went crazy. So it would have been foolish to drain stocks. I mean, you don't need to do this study from two thousand nine to two thousand nineteen the market did like seventeen percent. Remember, we've talked about that before when you go through these so-called fifteen year cycles that one started what would appear to be a darn good fifteen year cycle that I don't believe personally is going to end in some recession. Now, really I hate to agree with Larry think from black rock, but here's what he had to say about that very topic. Stocks could have a melt up from here. Black rocks. Larry think says this I believe was on CNBC early this morning here. As obviously smart guy. They're the largest global equity manager in the world quote. We have a risk of a melt up not a melt down here. This fight where the markets are inequities. We have not seen money being put to work. That I found quite interesting. He goes on. In stock market terms. Melt up is considered a big move in the markets that comes from investors trying to get in on a momentum's shift. It can also be a sign of a late stage bull market. The is shares exchange traded fund with tracks. Global stocks is up more than fifteen percent this year, the SNP rallied nearly sixteen percent through the most recent close. So we've obviously seen a tremendous shift says the last quarter of last year. Well, last quarter of last year. You have the big dip. You're going to have a comeback. Stocks benefited this year from apparent progress and U S China trade talks and a recalibration of global monetary policy expectations. The Federal Reserve slash down its rate projections to reflect no rate hikes in twenty nineteen. Remember, the Federal Reserve pretty much is the one that rains on the parade with rate hikes, the US central Bank also indicated that it will and its balance sheet reduction process earlier than expected. Meanwhile, the that's the European Central Bank pushed back plans for future rate hikes as well. Adt also announced last month that it will issue cheap loans to banks in the region. Sound familiar? Yeah. Although we know what that can lead to. Well, we know what it can lead to. And it may be short term gain for long term pain. We haven't experienced long term pain, but there's not one politician on either side of the aisle that seems to care about that today. I mean, I no money to the banks. Well, yeah, I are Kudlow talk last night or the night before whenever it was that we're going to grow our way out of it. I highly doubt that, but that's for another discussion or talking about the markets and the resiliency of the stock market, and whether or not this party can continue to go on according to the largest money management firm, literally global equities manager in the world. Larry thank says. Yes to that. One means nothing to me. No, I heard that. I heard that in one thousand nine hundred nine I heard it in early two thousand I heard it in in mid two thousand six you didn't hear Larry Fink. Why may I am to have to look I may have covered all that. You may have read acted all of those. Yeah. From two thousand seven okay, we've got to get to the strategy. Okay. Good. This is this is one that. I like okay now, obviously, the stock market has gone up a lot in the last ten years if you have a 4._0._1._K plan, and you were purchasing company stock and now you're on the precipice of retirement, you need to know about the n you a strategy net unrealized appreciation. So let's kinda use an example, let's say that you have invested one hundred thousand dollars in your company stock over your lifetime in the 4._0._1._K. So you put one hundred thousand of your own money into that stock and that one hundred thousand in company stock is now worth five hundred thousand dollars. You're getting ready to do an IRA rollover because you've got a million five. Five in your total IRA stop before you do the rollover you need to consider. And you a now if you have a million five, and if you're going into retirement, and if you can do a lump sum distribution of the million five, you can send five hundred thousand to your brokerage account taxable brokerage account and the other million in pretax dollars to your rollover IRA. Now, here's the kicker the five hundred thousand in company stock is reportable to the extent of its basis only for tax purposes, what is the basis the basis is the amount of money you contributed into. To the company's stock. That's the basis the gain of four hundred thousand is not reportable as part of the taxable distribution if it's done correctly. Okay. Now, where do you sit after the to roll over? Remember a million went your IRA roll over five hundred thousand of stock went to your brokerage account, you pay tax on just the one hundred thousand dollar basis, you still have a four hundred thousand dollar gain in that stock that gain will be taxed, and this is so key that game will be taxed as you sell off bits and pieces of that stock at capital gains tax rates. And it will not have to be taxed for purposes of the three point eight percent Medicare surtax because it's considered a retirement plan distribution any future game would be. But the initial gain on that hundred thousand will not be so what why is this so important, well, the ordinary income tax rates compared to the capital gains tax rates at least under current law are significantly disparate. I mean, there's a big difference in what the rates may be. And in fact, the rate could be as low as zero percent. Let's let's say, for example that you're retired. You postpone taking your social security, and you're going to live off of your own portfolio. Or let's say that you are taking social security. And you're gonna live off of your portfolio. You may be able to cash that gain in in the zero percent tax rate, therefore not paying any tax on your social security, but prefers strategy might be to delay taking the social security and just live off of the gain. Because any gain that hits you in the fifty excuse me twelve percent income tax bracket, which takes up to about one hundred grand, by the way. If you're if you're married is taxed at zero. So think about this for a minute you live, you postpone your social security, you take that hundred grand of gain each year for the next five years. And then you start up your social security, and you know, what you've paid on four hundred thousand dollars of what would be taxable earnings zero. Well, many zero and I believe that started in your 4._0._1._K. Yes. It did. Which would have come out as ordinary income tax rates. Yes. So you kinda went from ordinary income tax to capital gains in this example, and capital gains being zero at.
"ray lucia" Discussed on Biz Talk Radio
"It'll help cover burial expenses. Life insurance can even help pay off debt, like credit cards and medical bills life insurance can even pay for college. And if you own a business, and you die life insurance can help your business from collapsing. It can even help cover a state taxes. Life insurance has never been more affordable immediate, plus you can always shop around even if you have a plan and save some money, so call the life insurance quote mind right now for free pricing information, eight hundred nine one five nine six five eight eight hundred nine one five. Five nine six five eight eight hundred nine one five nine six five eight that's eight hundred nine one five ninety six fifty eight. I can't get my computer to work that need help you with that. How'd you do that? I just got techiques on site. Our geeks. Literally come onsite no need to stop what you're doing. Or block of time. We come to your home office or wherever you are. And we don't just fix whatever computer issues. You might be having we explain and teach you along the way, so you can feel empowered and then help others at home or in your office better. Yet don't have time for tech support to come to you. Let us remote into your test. Copper laptop and one of our feets will instantly walk you through call one eight hundred five eight four nine zero three nine and we'll help you. We offer affordable prices on our remote services, an IT support you in those in your office will never have to wait hours to have your technical questions answered. Get your free computer diagnosis today with your very own call one eight hundred five eight four nine zero three nine that's one eight hundred five eight four nine zero three nine in get started. Now. Listen on the go. Download the biz talk radio app available in Iowa, Android, and blackberry, biz talk radio. What about this is the Ray Lucia show, helping you to make better money moves..
"ray lucia" Discussed on Biz Talk Radio
"On behalf of this is. Oh. I don't know if you've been, but you darn well I love this song and the innuendo like the innuendo to what on the song. Yes. What was it never mind? Okay. You would've you would've known. I win. The are you talking about? I didn't know if you're kidding. If you're making an innuendo joke making. That's what I thought. All right. All right. That's all right. But I love that song. I do to welcome back, folks. This is the Ray Lucia show. That's Johnny dean. To love Gracie. I mean, this is that it's slick lick. Yes, that's not a Sony would think that I would like because it's kinda angry and driving. But man, it's a great great song. I even like white rabbit. Yeah. That's good. But I I think that one is actually better because it starts intense, and it ends even more anyway white rabbit feed your head. She's very similar at. It's very similar nature. Okay. So quickly you mentioned I just throw this out. Again, you mentioned a booklet this booklet, which I think will be ready by the end of the week. Don't hold me to that. It's all up to you, buddy. Well, they're they're making sure all the proper disclosures are in there. But anyway, anyway, we are working through it. It should be an e booklet form I hope by the end of the week. All right. So those that have Email a lot of you. We will get it to you. And I'm not charging right now. But I will be a four charge booklet when you get done with it. And I pretty so get it while it's free and ugly. Tax. It is just tax booklet we haven't made it look pretty and all that stuff because its content, and I my blabber about it on the air. And so now, I gotta make good. Well, you do. So we've got people asking about it. So we'll we'll get back to you. So there's that also we've got some emails. Hit.
"ray lucia" Discussed on Biz Talk Radio
"This is the show. Maybe I don't know if you meant to but you darn well did I love this song innuendo like the new Endo too? What on the song? Yes. What was it never mind? Okay. You would've you would've known are in the are you talking about? I didn't know if you're kidding. If you're making an innuendo joke our making. That's what I thought. All right. That's all right. But I love that song. I do to walk back, folks. This is the Ray Lucia show. That's Johnny dean weapons to love Gracie. I mean, this is that it's slick lick. Yes. Think that I would like this kind of angry and driving. But man, it's great great song. I even like white rabbit. Yeah. That's good. But I I think that one is actually better because it starts intense, and it ends even more intensely and as anyway, white rabbit feeds your head feed your very similar. It's very similar nature. Okay. So really quickly. You mentioned I I'll just throw this out. Again, you mentioned a booklet this booklet, which I think will be ready by the end of the week. Don't hold me to that. It's all up to you buddy compliance while doing it. They're they're making sure all the proper disclosures are in there. But anyway, anyway, we are working through it. It should be an e booklet form I hope by the end of the week. All right. So those that have Email never in a lot of you. We will get it to you. And I'm not charging right now. But I will be a four charge booklet when you get done with it. And I get it while it's free and ugly. Tax. It is just tax booklet we haven't made it look pretty and all that stuff because its content, and I my blabber about it on the air. And so now, I gotta make good. Well, you do. So we've got people asking about it. So we'll we'll get back to you. So there's that also we've got some emails. Hit it fellas..
"ray lucia" Discussed on Biz Talk Radio
"This is the Ray Lucia show. America. Make better money moves it is threatening to fill along with my sidekick, Robin. I mean, Johnny dean, Robin. What did Robert it wasn't, Robin? Pretty well useless with Batman. What did he do? Our superpowers you could do it. You can climb. It's kind of like what you do on this saying the parallels are are all there. They know you're good, man. Hey, folks, got a lot about stuff on the docket today. I want to get to this lessons from the financial crisis. Dan camp over MorningStar did a great job mostly. I mean, I I don't agree with everything that morning star has a safe. They're pretty decent outfit. Yeah. And he just sort of flashback. Oh, I love it. You'll find it somewhat entertaining. Also, lots of stuff here on IRAs that I didn't get to yesterday and you a member anyway. That I do. Add their stuff on IRA's. I got some good info there to share this. I found very interesting. Why a broker? God forbid, oh, God forbid is this have to do with insurance now. Oh, it has to do with CD's. Actually, why a broker might be conservative investors. Best option God forbid. Oh, see I always hear that. In talk with insurance insurance agents are trained to raise their hand in the air and say if you should God forbid passing. Strain is insurance. I know you were going to the insurance side here. Yeah. I used to do the whole back the hearse up to the two main many many years ago. I was twenty four years old. You never took the family picture and put a big X over dad. Oh, you did. That's important thing to do. What if this were true? Black. What would you? Now, we just put a black bar over there. That's actually cleaner eight four four race show..
"ray lucia" Discussed on Biz Talk Radio
"The Ray Lucia show, helping you make better money moves glad to have you on board. Now before the break, we're talking about how two of the humongous institutional managers of literally billions, if not trillions of dollars at least they either oversee or consult on or have access to information on with institutions, and so forth are diametrically opposed positions on where the market's heading this year. And those of you that have listened and watch this program over the years. No that I frankly don't care. I don't get to Wigan about where the stock market's going because I focus on a strategy and the strategy is quite simple as most strategies should be. It's obviously diverse. Defy your holdings. I talked about having non correlated assets such as real estate in combination with stocks in combination with bonds in combination with annuities, all of the different asset classes, and you can shake it up and a shaker in terms of percentages. That's between you and your adviser. But as part of that asset allocation, I need to make sure there's enough dry powder on the sideline. So you don't do something stupid like listen to either one of those big institutional managers as if they know because they don't I was looking at something. I don't know if this is it here. Yeah. I was looking at the markets response to a crisis a sixty forty mix of stocks and bonds, and they went back to the October nineteen eighty-seven stock market crash. The nineteen eighty nine US savings and loan crisis. The nineteen ninety eight Asian contagion and Russian crisis. The March two thousand dot dot com. Crash this September two thousand and one terrorist attack and the September two thousand and eight bankruptcy of Lehman Brothers pretty big humongous events in stock market history. And here's what they determined. And this is why the strategy of buying hold. And I know there are other people with boy and hope. Yeah. Okay. It's by and hope that you stay with your buy and hold strategy for crying out loud. The is making rash or irrational moves especially in times of volatility. Maybe the worst thing that you can do example, the nineteen eighty-seven stock market crash sixty forty mix one year.
"ray lucia" Discussed on Biz Talk Radio
"Hominem, isn't it? The ground. This is the Ray Lucia show. I'm Jay Farner, CEO of Quicken Loans, America's premier home purchase lender. Today's fluctuating interest rates can leave you with unexpected higher mortgage payments at Quicken Loans. We've created a new way to protect you from unpredictable interest rates. So you can buy a home with certainty. It's called rate shield, and here's how it works with rate shield. You can lock your interest rate while you shop for a new home. So if rates go up, you don't have to worry. And here's the best part. If rates go down you get the lower rate with rates shield. We really have you covered. Here are more reasons why you wanna work with America's largest mortgage lender for nine years in a row now Jd power has ranked Quicken Loans highest in the nation in customer satisfaction for primary mortgage origination. And for the fifth year in a row, they've also ranked us highest in the nation for mortgage servicing reach shield another way, we can save you money on your mortgage. Call us today at eight hundred quicken or go to rocketmortgage dot com mortgage in comparison to public data records thirty or purchase transactions. Call for cost information and conditions. Equal housing lender. Licensed in all fifty states. Number thirty thirty additional conditions or exclusions may apply. Medicare and do you use your C Pap machine? This is a national care alert regarding your Pap supplies using green c-pap. Mass supplies is important. The best way to make sure your C Pap equipment is green is to get new supplies. If you have Medicare. We have great news Medicare will pay for you to have new clean supplies every ninety days. Even do all the paperwork. To make sure that.
"ray lucia" Discussed on Biz Talk Radio
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"ray lucia" Discussed on Biz Talk Radio
"Relief of heartburn, but Brexit takes a three hundred sixty degree approach to support better digestion, protect you from harmful bacteria and also balance your stomach to improve digestive functions. We like to think of it as the multivitamin digestive health. It's the only product you combine all natural ingredients known for the digestive health properties into a single patented product practice. It also comes in easy to carry packs. Brexit relieves restores and maintains a healthy digestive system. Presidents have available here for only thirty nine ninety five shipping and handling is free and your money back is guaranteed to take advantage of this special radio offer, call now one eight hundred eight to nine fifty six eighty five that's one eight hundred eight to nine fifty six eighty five one eight hundred eight to nine five. Six eight five. This is the Ray Lucia show. The one show that helps you make better money moves the program all about your money, your business and your life. Really? Call right now at eight four four ratio four H O W. This is the Ray Lucia show. John America to make. Race. Eight four four seven to nine seven four six nine Email at raylucia dot com. R A Y L UCI. Dot com. We've got some damage coming up at Charles. He asked me a question actually was working on it just.
"ray lucia" Discussed on Biz Talk Radio
"Via the biz talk radio. Welcome back. Folks. It is the Ray Lucia show. Speaking of spooky I just had this vision of Steve Allen sitting on a horse with no shirt. Back from Russia. Putin. Pose today, I'm cold out there to go out with without any kind of DAM. And Dr there you go on program. It's a family show just back from Russia with love. Okay. So you know, you left interest rates were higher. You came back. Interest rates have come down. And also there are some news. I was reading about on VA loans that I believe there could be some sense of urgency. You wanna talk about that? Going to be some major changes to VA loans. And this is gonna take effect on February fifteenth. So people out there who are in the process of maybe looking for a property. Definitely wanna get your application in your look if you've got the eligiblity, and you're looking at the possibility of re-financing more specifically if you're looking for cash out then you absolutely want to have application by the fourteenth of February. Otherwise, you are going to be put back into or you're going to be put into the brand new guidelines. So what are they? Previous guidelines on assuming you're looking to.
"ray lucia" Discussed on Biz Talk Radio
"We get people out safely legally and permanently. We are more successful because we have more solutions. Schedule a free consultation to review your ownership situation and find the best strategy for you. If we can't get you out. We will give you a full refund. Call timeshare exit team today. Call eight hundred nine two nine eight one one two that's eight hundred nine two nine eight one one two that's eight hundred nine to nine eight one one to call timeshare. Exit team today. This is the Ray Lucia show. The one show that helps you make veteran money moves the program all about your money, your business and your life. A lot of really. Paul right now at eight four four ratio four four Y S H O W. This is the Ray Lucia show. Thank you very much. Thank you. Welcome to the show in America. That helps you. Your whole FAM. Make better money moves twenty nineteen. To an interesting start. No doubt. Eight four four Ray show is the number. If you wanna chat about your money, your business, and or your life this big time here, let's do it. Eight four four seven nine seven four six nine females a little easier to get through on the Email raylucia dot com. R A Y L U C, I A dot com. Spend a lot of time with the holidays, answering emails lots.
"ray lucia" Discussed on Biz Talk Radio
"Help cover burial expenses. Life insurance can even help pay off debt, like credit cards and medical bills life insurance can even pay for college. And if you own a business, and you die life insurance can help your business from collapsing. It can even help cover a state taxes. Life insurance has never been more affordable and needed. Plus, you can always shop around even if you have a plan and save some money, so call the life insurance quote line right now for free pricing information, eight hundred nine one five nine six five eight eight hundred nine one five nine six five eight eight hundred nine one five nine six five eight that's eight hundred nine one five ninety six fifty. Eight. This is the Ray Lucia show. The one show that helps you make better money moves the program all about your money, your business and your life. Really? I can call right now at eight four four ratio before four Y S H O W. This is no Ray Lucia show. Thank you very much and welcome to the one show in America. That helps you make better money moves the right program Brown. Have you onboard? Four Ray show eight it sometimes your brain, thanks faster than your mouth.