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
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
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
"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
"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
"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
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"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.
"ray lucia" Discussed on Biz Talk Radio
"Welcome back, folks. It is the Ray Lucia show along with a California girl Lynn row. Listen. They're talking about you here. Your hair a little blonder grow it out a little bit. And say for sure. Welcome back, folks. It's the Ray Lucia show. All right. So before the break. Yes, I brought up the fact that I've been taking a little bit of heat and emails because we talk so much about planning and one of the things in the plan. I mean, you can't Al can you not talk about annuity ising income, if your topic is a secure retirement income that will last as long as you. It would be malpractice for someone like Glenn Rowe to not discuss all of the above. But before I get to that. I cut you off. And you kept talking all the way through the break. I was trying to find the emails on my phone. So I wasn't listening. Right. So Ray I remember years ago you used to say to all the planners in the room. If you can't do it with your age and a yellow pad. You're not a financial planner if you have to rely on the extravagant computer programs and a back office to tell you what to say and do and and recommend then you're not doing your own homework, and that gets back to a planner that actually sits down and does the plan talks to you about what your goals are talks to you about what your resources are put those things together, and you can see them put it together in front of you. If you want if they're good at what they do. And there needs to be a strategy. It needs to be an accumulation strategy. A decelerating strategy issue approach retirement or a distribution strategy. But you ease into those strategies. This Ray was saying you don't just wholesale move everything and invested and when you ask. People may times what the strategy is. They just kind of give you the fish is right. Yeah. True. The thing that I've been taking the heat on the most is our discussion on annuities. And so I thought, but I would pull out from the archives. How far back this goes? And it goes back even further than two thousand and seven, but the landmark study that I read on the air probably back in two thousand and seven that change the minds of a lot of advisers. The more sophisticated ones was one done by Ibbotson associates for nationwide. Full disclosure. I used to be a spokesperson for nationwide financial many years ago. Not too was it before the that was shortly after this. But it wasn't because of this study was because we had similar strategies nonetheless Ibbotson, which is a merge. With morning star now. So this is a credible organization. All right. You cannot argue with the Roger Ibbotson and what he has done and MorningStar. Okay. They're just some of the finest research firms around this one focused on variable annuities with guaranteed minimum withdrawal benefits. The reason. I picked this one out amongst probably a hundred is because I don't talk about variable annuities almost at all because not because they're bad because they're expensive. Now, there's a reason they're expensive that we don't need to get into. But whenever you're talking about something that is expensive. Everybody's mind goes to some other area. Like, this guy's trying to rip me off or whatever. And I don't sell this stuff anymore. But they were talking about a variable annuity with a GM WB, guaranteed mini. Withdrawal benefit, incidentally, anybody that bought one of these things back in like two thousand and eight or nine especially early two thousand nine are absolutely loving life better than the fixed index nudity is better than anything. Because the market's gone up by like fifteen percent a year. And even if the fees were four percent, you got an eleven percent return, and you guaranteed remember back in the olden days. You could get I think it was at sixty or sixty five a six percent withdrawal benefit, husband and wife. Imagine that you got eleven percent per year for the last ten years. I'm not saying you would have okay. But if you did the money would have more than doubled. So you put in one hundred thousand bucks, you probably have two hundred two hundred and fifty thousand in some account and the insurance company says we'll let you take a withdrawal of six percent. Fifty percent more than the four percent rule. Now, those we were taking even more heat back, then because there wasn't nearly as much researchers today, but I understand that that deal turned out to be really good. In fact, it was so good that seven eight years ago the insurance companies that offered that deal stopped not only did they stop. Remember? They wanted you to contact your clients and say will pay them to buy it out to buy it out. We'll give them an unbelievable return. If we don't have the actuarial risk. Doing all this why? Because interest rates went down so low they couldn't meet their obligations. Now that doesn't mean they couldn't meet them it because insurance companies have reserved for all that it just meant that their performance. We're going to be pretty sucky for the next several years, and and the individual that locked the insurance company into a six percent distribution rate when they can only earn two or three on their money gamed the system legally. So allow me if I may because nothing speaks louder than the academic research itself. Skip to something that I mean, this is long. I don't wanna get too detailed. I've only got a couple of minutes here. We've developed a hypothesis that the GM WB will help improve the overall retirement income levels without increasing income risk levels. We employed the income risk or income semi deviation, which is defined as the standard deviation on negative income changes over the last period for a series of simulation analyses across three scenarios a diversified asset allocation with a GM WB diversified traditional non annuity portfolio such as mutual funds and three a combination of the VA and GM WB products and non annuity products in a portfolio context. Ext? When we come back. I'll give you the results of that study, which was followed by if I were making a guess fifty more that supported basically, the same type of information white papers big time studies by big time companies, and I will give you just.
"ray lucia" Discussed on Biz Talk Radio
"Joe w. This is Ray Lucia show. Thank you. Thank you very much. Don't get too excited. Not yet. Lynn row is here. And cheese in a Downer. Ladies and gentlemen of the one talk show in America. That helps you make better money moves what up with you. Pat's is bad enough. California's leading the way on this the next week will vote on get this taxing you're texting texting not sexting texting. Let's ex name to him by five years come on get outta here. Yeah. Yeah. So if you don't want that coming near St. how am I gonna getting a charge of every tax? I get hundreds of texts every day. Oh, thank you. Oh, my Lord. Yeah. Well, this is California. What are you expect take a look around California? You don't think that they're just like they're gonna lead the way on this? If they're going to do it other states are gonna follow. So speaking of California Jeffrey Dunlap is from California. He's the bond king. He's managing one hundred and twenty billion dollars. He says his bearish on stocks and bonds brings to mind a couple of things one is the inverted yield curve that we've talked about before. And so I find this article here by principle. It's an interesting one. It's actually a little marketing piece, but I found it quite interesting in Vernon yield curve, and what it means for real estate investment trusts. How often Lynn have we talked about non correlating asset classes ad infinitum for many years. Set back folks, relax. We're gonna sit back folks. A little slow on the uptake there today. But that's our. Maybe somebody had to go to the little potty. It's possible texting. It's.
"ray lucia" Discussed on Biz Talk Radio
"Camp back, folks. This is very. The Ray Lucia show. Glad to have you on board. We'll have some fun. It's time for emails. I just got one in on my cellphone because I tell you. Via Email me during the course of the show. I will go to them. Charles course, when he says L YES that means love your show. So Charles gets to go to the front of the line. What percentage of my portfolio Ray? Should I have as a new ties income very good question? Yeah. There's a lot of theories on this. I just mentioned the towers Watson study with happiness, and it was at least thirty percent. When I was going around the country discussing these things, I would usually use twenty five percent of the portfolio. But remember a newer ties income? Is really money. That's guaranteed or near guaranteed coming in every single month. And I would suggest that you look at that. In terms of your essential expenses covering those essential retirement expenses, housing food taxes healthcare, those sorts of things vacations. You know, you could always skip one. So, and I believe that there was a MorningStar study once upon a time that said annuity ising fifty percent of your retirement wealth gave you a ninety five or ninety seven percent degree of certainty that you'd be okay. And if he didn't annuity is it was seventy percent. The Warton study said you should begin by annuity ising as much of your retirement income to cover one hundred percent of your essential expenses..
"ray lucia" Discussed on Biz Talk Radio
"This is the Ray Lucia show we've been talking about the sequence risk and how critically important is to get this one, right? Referring to the when to retire decision. The impact on retirement security and workforce management. It's one of the reasons why I've authored three different books on retirement. And I'm going off author another one I'm actually written a good part of it. But I haven't had time to fine. Tune it. But a lot of it focuses on this whole idea of when you retire. And frankly, it's luck of the draw when you were born kind of dictates when you retire. But this prudential study actually done by the university of Missouri. And incidentally, one an insurance company is paying for studies like this. They're not doing it to try to get more business. They're doing it. Because they they don't want people to think it's their own study for getting more business. If you know what I mean? I mean, it would seem to biased if they did it. I'm sure the prudential people have in house people that could do this study, but they farm out in pay. So that the study can be objective. So I'm giving you objective numbers. Even though I think what prudential would like out of this is to inform people that the sequence risk could be better managed by something like a life annuity. They don't say that in this study or this report, but I suspect that's their so-called vested interest. But it does. Doesn't take a rocket scientist to figure that one out? And I think there's been plenty of academic research to support that kind of a recommendation, and if you don't believe me. Send me an Email, and I'll be happy to give you not one not two, but probably ten links to highly sophisticated finance professors and economists that say so. But this is important because we've had more than three years of up returns. And what they're saying is when you have more than three years in a row of up returns, the chances of you facing negative returns in the ensuing years early in retirement are very very high even though that's not been the case in the recent past. But you have to make the assumption that the returns are going to eventually go negative. So we all know, what dollar cost averaging is dollar cost averaging occurs. When you make frequent call it monthly purchases of shares of stock or mutual funds. Like you do in a 4._0._1._K. And the example, I like to do is let's say you're.
"ray lucia" Discussed on BizTalk Radio
"Eight four four ratio four four Y S H O W. This is the Ray Lucia show. Why? Doc killing America better money to the program that would be my bad self and her bad then row in the how this our money power. You're gonna co host with me. She does this once a week. And I pay her huge amounts of money to learn how you doing. Well, how are you doing? I'm doing great. And so is the economy. I gotta start with us. Because it's a Stahnke. It really is astonishing Federal Reserve chairman, Jeremy Powell sees the US economy, generally generating highly optimistic expectations with the unusual combination of low unemployment and inflation fuelling hopes for an extended expansion. I'll talk more about that in a second. But as I asked you during the first part of this program for just our TV viewing audience. But now we have all the radio folks listening in to the ever seen it like this before about a Rafiq about what happened after World War Two when everybody came not old enough for that. I know but. So so people were coming back from the war, and what happened there was a huge economy because there was a lot of manufacturing. Making babies there were a lot of there was a lot of farming. Look what's going on. And we were supplying food all over the place. What's happening? Now recently that we haven't seen for a long time. We're making a lot of factory. Thousand or four hundred thousand some odd jobs. Well, it's not only manufacturer farming. You can go through the whole list. But I think the most impressive statistic that is rarely talked about is middle class incomes going up for the first time in like three decades. And I think because consumer spending drives what two thirds or more of the economy about seventy percent of the economy and the middle class is what drives that. So the middle class has more money in their pocket and certainly with the tax cuts. They've got more cash to burn. But if their wages are going up, the first thing that those of us in this business get concerned about is inflation. Well, the Federal Reserve job is to stave off inflation. And when we talk about what Jerome Powell had say, it's Goldilocks all the way, low unemployment. The low inflation and wages going up. Boy, if that is sustainable for the next couple of years, I think the market can still run we'll come back to that. But I want to start with something that's near and dear to your heart and that is healthcare. And I'm reading a study from the insured retirement institute. Healthcare annuities in retirement, introducing healthcare costs into financial planning conversations can increase savings and build retirement security, as I also mentioned before we got the radio folks on the line here when you and I grew up in this business couple of ancient history ago. We didn't really talk about healthcare a lot of people do their companies. And there was no such thing as long term care because I guess people died, I don't know. But I do know this today with life expectancies and healthy and wealthier couples with a fairly strong chance that one or the other. We'll get up there beyond the age of ninety five. It's a big deal. Sit back, folks..
"ray lucia" Discussed on BizTalk Radio
"Relax. It is the Ray Lucia program helping you make better money moves is one of my favorite meal. Young from back in the day. What was it like nineteen sixty nine? Just after the shooting. Yeah. Well, we don't listen to the words because people will get freaked out. But the guitar lick is pretty darn good. Isn't it? Don't listen to these words. Drums tax cuts, not sugar high president Donald Trump's corporate tax cuts. Well, have a lasting positive impact on economic growth and the stock market so says the chief investment officer of the hammer for trust when you have tax reform like this. It's not a sugar high. It has a multi year affect you. See I happen to be in this camp. There's a whole lot of people that aren't, you know, the Nancy Pelosi crumbs, of course, anything coming from the left. This tax thing was a total debacle, and they're going to undo it very very soon when they take the house and the Senate as they believe they will. But they're wrong, but they are wrong because this tax cut is different. Because it's making all those corporations those billionaires, even richer, and that's just. You know, it's it's horrible. It's horrible for everybody. Except all the people that work for those fine companies. You see what I'm saying the middle class anyway, allow me. This fellow from the Haverford trust. Said this. Under President George W Bush in two thousand and one his tax cut was a sugar high by focusing mainly on relief to families which the families desperately needed. I'll grant you that the two thousand and three plan which largely benefited business had a multi year impact. And that is where we are today. And other words when you especially if you permanent is as they did with the corporate tax cuts. That gives corporations visibility. What companies hate more than anything is not knowing where they're going to be in a year two years three years when they permanent ties the corporate tax rates corporations now can feel free to reinvest a lot of that extra money. Remember when you drop your corporate rate from thirty five percents to twenty one percent, you just freed up a lot of real cash. And those particular corporations large and small. Have more money to work with and hopefully that money will find its way into your pocket. Somehow, maybe you're a small business owner. Maybe you're a working stiff, maybe you're an employee. Maybe you're a retiree. It will have an impact the lower tax rates will have an impact on everyone. But because of the corporate tax cut that is sustainable. Remember, we talked about this the other day, and this number was shocking to me when you look at this four point two percent growth rate. And incidentally, the Atlanta fed which was a little high on their last calculation, but they were in the fours when a lot of others were in the threes. They're expecting four point four percent growth for the next quarterly output. But having said that it was reported somewhere. I forget where but it was reported that if all we did was have one quarter of four point two percent growth, and that's it. And then we went back to the dismal Obama years of one point nine percent new normal growth four point two percent back to one point nine that that over the next decade adds six trillion dollars to the economy six with a t trillion which would mean if we have another quarter of four percent growth that added twelve trillion dollars to the economy. So I get the fact that you still have huge deficits. I get the fact that social security and Medicare are slowly or not so slowly going broke and something needs to be done. But one of the things that Trump promised. And I was I'll be the first one to admit I was somewhat critical not even somewhat. But critical of this statement is he basically implied that we're going to grow our way out of this. And I was shaking my head saying, you you can't grow your way out of the interest on the debt problem, the military spending problem the social security problem the Medicare problem. I mean, those things that's just the way it is. And now we're spending. I don't know one one and a half trillion dollars on the military in the military and the next two years where is that money come from? Well, they're showing us he goes on critics of Trump's corporate tax cut which passed last year with an overall the individual tax code argued these measures won't be anything more than a quick shot in the arm. They also believe that any boost to what some consider an already overheating economy may backfire with the Federal Reserve raising interest rates more aggressively to contain inflation and thus slowing growth and creating headwinds for the stock market. Maybe I mean, we've seen that before we've seen the fed overreact in the past and raise rates too fast, and that sends us into a recession. But it just doesn't seem to be logical. Not in my mind. Not even Jeremy Segel's mine who warns of a correction add operative word. He didn't say crash. He said what he.
"ray lucia" Discussed on BizTalk Radio
"Is the Ray Lucia program helping you make better money moves as one of my favorites. Young from back in the day. What was it like nineteen sixty nine? Just after the shootings. Yeah. Well, we don't listen to the words because people will get freaked out by the lake is pretty darn good. Isn't it? Don't listen to these words. Trump's tax cuts not a sugar high president Donald Trump's corporate tax cuts. We'll have a lasting positive impact on economic growth and the stock market. So says the chief investment officer of the Haverford trust when you have tax reform like this. It's not a sugar high. It has a multi year affect you. See I happen to be in this camp. There's a lot of people that aren't, you know, the Nancy Pelosi crumbs, of course, anything coming from the left. This tax thing was a total debacle, and they're going to undo it very very soon when they take the house and the Senate as they believe they will. But they're wrong, but they are wrong because this tax cut is different. Because it's making all those corporations those billionaires, even richer, and that's just you know, it's it's horrible. It's horrible for everybody. Except all the people that work for those fine companies. You see what I'm saying the middle class anyway, allow me. This fellow from the Haverford trust. Said this. Under President George W Bush in two thousand and one his tax cut was a sugar high by focusing mainly on relief to families which the families desperately needed. I'll grant you that the two thousand and three plan which largely benefited business had a year impact. And that is where we are today. And other words when you especially if you permanent is as they did with the corporate tax cuts. That gives corporations visibility. What companies hate more than anything is not knowing where they're going to be in a year two years three years when they permanent ties the corporate tax rates corporations now can feel free to reinvest a lot of that extra money. Remember when you drop your corporate rate from thirty five percent that Twenty-one percent, you just freed up a lot of real cash. And those particular corporations large and small. Have more money to work with and hopefully that money will find its way into your pocket. Somehow, maybe you're a small business owner. Maybe you're a working stiff, maybe you're an employee. Maybe you're a retiree. It will have an impact a lower tax rates will have an impact on everyone. But because of the corporate tax cut that is sustainable. Remember, we talked about this the other day, and this number was shocking to me when you look at this four point two percent growth rate. And incidentally, the Atlanta fed which was a little high on their last calculation, but they were in the fours when a lot of others were in the threes. They're expecting four point four percent growth for the next quarterly output. But having said that it was reported somewhere. I forget where but it was reported that if all we did was have one quarter of four point two percent growth, and that's it. And then we went back to the dismal Obama years of one point nine percent new normal growth four point two percent back to one point nine that over the next decade adds six trillion dollars to the economy. Six with a t trillion which would mean if we have another quarter of four percent growth that added twelve trillion dollars to the economy. So I get the fact that you still have huge deficits. I get the fact that social security and Medicare are slowly or not so slowly going broke and something needs to be done. But one of the things that Trump promised. And I was I'll be the first one to admit I was somewhat critical not even somewhat. But critical of this statement is he basically implied that we're going to grow our way out of this. And I was shaking my head saying, you can't grow your way out of the interest on the debt problem, the military spending problem the social security problem Medicare problem. I mean, those things that's just the way it is. And now we're spending. I don't know one and a half trillion dollars on the military and the military in the next two years where does that money come from? Well, they're showing us. He goes on critics of Trump's corporate tax cut which passed last year with an overall the individual tax code argued these measures won't be anything more than a quick shot in the arm. They also believe that any boost to what some consider an already overheating economy may backfire with the Federal Reserve raising interest rates more aggressively to contain inflation and thus slowing growth and creating headwinds for the stock market. Maybe I mean, we've seen that before we've seen the fed overreact in the past and raise rates too fast, and that sends us into a recession. But it just doesn't seem to be logical. Not in my mind. Not even Jeremy Segel's mine who warns of a correction ahead operative word. He didn't say crash. He said what he said correction.
"ray lucia" Discussed on BizTalk Radio
"Very much welcome to the ray lucia show welcome back i should say about this this tax bill there's really something in here for everybody many individuals will pay zero tax i just did a quick calculations they don't hold me on this but it appears to me that he married couple that in about five grand a month with two kids will pay zero in taxes about sixty sixty two thousand sixty three thousand bucks zero in taxes that's pretty darn fantastic and that's you know middle class i would say but let me kick it up a notch does somebody that makes one hundred and fifty five thousand remember the new tax rates work like this you have a zero percent bracket on the first twenty four thousand of income then you have a ten percent rate on the next nineteen thousand of income a twelve percent rate on the next fifty eight thousand of income and a twenty two percent rate on the next seventy eight thousand or so of income i'm rounding so at one hundred and fifty five thousand of income for a married couple you would end up with a tax of zero on the first twenty four thousand nine thousand nine hundred and five dollars on the next nineteen.
"ray lucia" Discussed on BizTalk Radio
"A lot of really then even i can understand call right now at eight four four ratio before four r a y s h o w this is the ray lucia show very much thank you don't get data excited it's not going to be that no it's gonna be a beautiful beautiful show today thank you tuning in eight four four race show here's the number if you wanna get on board the one talk show in america that helps you make better money moves that's what we're all about here talk about what j p morgan wall street g had to say about when the market's going to crash he should know daniel pinto the co president of j p morgan that's on the docket also sports betting getting the green light what's on call sam gonna do about that you go online and you make some money you're gonna have to pay taxes you better believe it also ben carlson wrote on a couple of subjects that we've discussed before in this program only ben dissect it a little bit further i want to share that with you lump sum investing versus dollar cost averaging which one is the best strategy now in light of current valuations and then this technical thing called the two hundred day moving average at so many of these weekend shows live and die by i am not a technician i don't believe in technical analysis and alex plane why that's all coming up today on today's ray lucia program but let's start with what daniel pinto had to say about the market and the economy today so daniel pinto very very smart guys argentina and by the way and worked his way all the way up from a currency trader in buenos aires to the copresident of j p morgan see anybody can get there from here i guess if you work hard what a dream job that is he's expected he might be one of the two people that over replaced ceo jamie dimon who's been around the block for quite a long while i mean these guys make bank.
"ray lucia" Discussed on BizTalk Radio
"Welcome back folks it is the ray lucia show the song and frankly i love a lot of stuff that donald trump is doing right now i don't love everything certainly don't mike his tweets and some of the stuff that he says it's not very presidential i get that maybe that's what we need i don't like trade wars i mean i don't wanna get emails people saying you know on the trump train and that's all you care about that's not true but when i when i read about all these fake news stories and i see nancy pelosi talking about crumbs and all that it's an insult to people like myself who frankly live in the middle class or upper middle class i have for many many years it's probably more middle today than it was ten years ago but but to make comments why you know most of the middle class aren't getting tax cuts when you go to the tax policy centers of america or politic political facts and all these other factfinding institutions and they find that just about everybody is benefiting i mean the ninety plus percent range from the tax bill these complaints about the trump tax bill just don't make sense now there's a lot in there that i i'm not particularly fond of and i certainly wanted to see this carried interest thing get nailed it didn't because that helps the hedge fund guys i get that and i can understand where they say well millionaires and billionaires that are hedge fund managers are still doing pretty well which they are but you're not sometimes you can't throw the baby out with the bathwater pretty good first step so i told the tale of a hypothetical mark smith and his name was make seventy thousand bucks and he's single and he gets to put an extra almost twenty two hundred bucks in his pocket in two thousand eighteen then he made in twenty seventeen that's mac dab in the middle class so here's the next one john and cindy south live in atlanta georgia have two kids one and three they make one hundred and fifty thousand dollars they don't have a home they don't itemize any deductions they rent so here we go last year they making one hundred and.