35 Burst results for "Ric Edelman"
Judge rules Florida school districts may impose mask mandates
"He was 65 years old and leaves behind a wife and daughter and appeal already on the way after Tallahassee judge rules against the state's student mask mandate Ban Florida Commission of Education Richard Corcoran says letters will still be sent to school districts, not complying. We're not joking. I mean, you have to follow the rule of law. You have to do what is right, and if you're not going to do what's right, we will withhold your salaries.
NYC's Metropolitan Correctional Center to Temporarily Close
"The Metropolitan Correctional Center in New York City will be closed. John Scott explains the facility where Jeffrey Epstein committed suicide will be closed, at least temporarily to address issues that have long plagued the facility, including lax security and crumbling infrastructure. The jail currently has 233 inmates, down from a normal population of 600, or more, most expected to be transferred to a federal jail in Brooklyn inmates have complained in recent Years that the jail was invested with mice, rats and Roaches and that multiple inmates were forced to share dirty sinks and
University of Virginia Disenrolls 200+ Students Who Didn’t Comply With Vaccine Mandate
"A has dis enrolled more than 200 students who haven't gotten the required covid vaccine. Only 49 of them were enrolled for fall classes, according to the Virginian Pilot. A university spokesperson tells the paper. That may mean a good number of the remaining students may not have been planning to return to the university this fall at all. If any of these students get the shot by Wednesday, they can re enroll
Oklahoma Health Officials Awaiting Guidance on Third
"Commissioner Keith Reid says the State Health Department is prepared to administer third doses of the Covid 19 vaccine once it receives approval and final guidance from the FDA and the C D. C. This rollout should follow a natural progression Such that are most vulnerable populations, including Oklahoma's 65 Plus and our health care workers should receive it first. And then it will open up to all. Oklahoma Federal government says booster shots will be available to all beginning the week of September. 20th. Oklahoma U. S.
UAW Members to Vote in Fall on Direct Election of Leaders
"Set to vote this fall on direct election of its leaders. Salads will go out to the W 397,000 members October 12th the due back date a month later. Union monitor. Neil Barofsky, who was appointed by a federal judge as part of a settlement that avoided a government takeover of the union after a wide ranging corruption scandal will announce the results. Currently, union leaders are chosen every four years at a convention with the delegates picked by the local. But the new slate of leaders is picked by the outgoing president. And seldom is there serious opposition.
Chicago Police Officer Shot and Killed, Another Injured During Traffic Stop
"Police mourning one of their own after a 29 year old female officer died. Following a shooting on the city's south side last night, authorities say. Another male officer was critically wounded in the shooting following a traffic stop in Inglewood. ABC s Will Jones is outside the University of Chicago Medical Center, where dozens and dozens of Chicago police officers have gathered. These officers have been here. Throughout the evening. Since this shooting happened around nine o'clock in the West Englewood neighborhood at 63rd and Bell, they have been gathered together at points. I've seen officers embrace each other shake hands. At times they were huddled together. It seemed like that that they were praying. So this is really a very tough seen. Two men are now in custody, and police are searching for a third suspect. A woman. At least one weapon was recovered on the
Amid COVID surge, Amazon to require masks for warehouse workers regardless of vaccination status
"Wal Mart is doing it. And now Amazon will starting Monday, all Amazon warehouse workers will be required to wear masks indoors, regardless of vaccination
Delta Variant Suspected in Provincetown Covid-19 Cluster
"More problems emerging in Provincetown, the State Health Department has now tied 430 covid cases to a cluster in P town. Some of those cases are linked to the highly contagious delta variant for Covid. WBZ TV Space Tomato spoke to some vacationers who are taking extra special precautions. Family is off to Provincetown from Boston Seaport for the town's annual family week of activities. But this time around, they thought more about their travel plans. We've heard a lot of talk about the increased cases, but we're more focused on going to the beach spending time with just the family that we're seeing with increased cases of Covid 19 in Provincetown. Which the Department of Public Health and now confirms some of the more than 250 are linked to the highly contagious delta variant. They are on our phones. Um so they're all photographed ready to go travelers with vaccination cards at the ready as some establishments will require them and we called the hotel wanted to make sure there was any changes that we need to know about just to protect ourselves or anyone else going to the hotel. And they were just requiring vaccination cards, families attending family, We have to sign a waiver that they'll follow CDC guidelines and Children have to wear masks both indoors and out, and the health department says the vast majority of the covid 19 cases there are called breakthrough cases involving people who are fully vaccinated.
Bruce Springsteen Reopens Broadway With First Full-Capacity Show Since Pandemic
ER Visits for Suspected Suicide Attempts Among Teen Girls Rose During Pandemic
"Says. Suicide attempts spiked among teen girls during the Covid 19 pandemic and May 2020 and increase started an emergency room visits for suspected suicide attempts, especially in girls. 12 to 17 years old.
Harris Takes on a New Role as She Heads on Her First Overseas Trip
"President Kamala Harris steps onto the world stage. Today she traveled to Guatemala navies, He's Mary Alice Parks in Guatemala City sing immigration is the focus. Vice President Kamala Harris, making her first foreign trip with a two day swing to Guatemala and Mexico. Her mission one that has stumped many American leaders before. How to slow surge in migration from the region now at levels not seen in decades.
Cristhian Bahena Rivera Convicted of Killing Iowa Student Mollie Tibbitts
3 Tacoma Police Officers Plead Not Guilty in Manuel Ellis’ Death
At Least 100 Climbers, Staff Infected With COVID-19 on Mount Everest
"Enough of a challenge. Climbers and guides are getting Cove it. Ah climbing guide says At least 100 people tested positive for covert and base camp. Nepalese officials say there's no outbreak on the world. Largest highest peak. If you go to Ocean
CDC Mask Guidance Slammed by Leading Union
Gov. Cuomo's Communications Director Resigns
Man Assaulted Walmart Worker Over Mask Request
"A Rhode Island man facing charges accused of assaulting a 16 year old walmart worker after he asked the man to put a mask on his young child. Michael Carro of Woonsocket is charged with putting the store employees in a choke hold and then punching him after police say he refused to follow store policy on wearing mask it happen. Last Tuesday at the Wall, Marty North Smithfield, an anonymous tip led police to Carrow. He ended up turning himself in. He's charged with simple assault and battery and disorderly conduct. He was released with a court
Coast Guard Searching for Survivors After Boat Capsizes
"Still searching the site of that capsized lift boats off the coast of Louisiana. They have recovered. The bodies now have tomb or crew members. The Coast Guard, declining to release more details Saturday. The vessel, which supports offshore oil rigs overturned Tuesday and rough weather just south of the Louisiana coast. Breaking
"ric edelman" Discussed on KGO 810
"Back to the program, Ric Edelman here. The new jobless data has come in, and it's not terribly exciting. Another three quarters of a million people. Filed for jobless claims that is three times more than we normally have a trend that we have seen persisting ever since the pandemic began. And we know why it is because so many industries are struggling so extensively in the midst of this crisis, the American Hotel and Lodging Association has just released a survey of its members hotel years across the country. 71% of hotels. Seven out of 10 say they're going to close in the next six months if they don't get government support. To keep them open. Colleges and universities are firing staff at unprecedented rates a swell they added 20,000 jobs in the last couple of months, but they're supposed to add 180,000 in the back to school season. They only added 20. The unemployment rate at the higher education sector. Well back in February, before the pandemic began, the unemployment rate was only 3%. It's now 11%. Half of the nation's colleges have either furloughed staff or, frankly laid them off entirely. American Council on Education, says that those hotels condemned out of the way because colleges need $120 billion in federal support. And the list goes on states say they're going to have to cut Medicaid to offset the rising costs. A surge of new people enrolling for Medicaid. Because they lost their jobs, and they lost their health coverage. Enrollment is up 8% nationwide and Medicaid is now 30% of state budgets back in 2000 and eight It was only 21%. Meanwhile, President Trump Remember he let employees differ Payroll taxes until December, 31. If your company up that in to do this for the past month or two, you haven't been paying Social Security taxes. Well, you're gonna have to start on January, 1st. And that means you're going to pay double your Social Security tax. Not only the January tax, but the taxes you were supposed to have paid in the fall that you didn't pay what will happen when millions of Americans suddenly realize this And They don't have the money. Meanwhile, Treasury Secretary Steven Yushin he is letting several emergency fed lending programs that were created to deal with the pandemic. He's willing to let them expire on December 31st. The chair of the Fed. J Pal strongly disagrees with that policy change. But at the meantime, it means that this resource for businesses is about to close. And then their student loan debt itself. The Education Department has lent $1.4 trillion.2 students and the U. S government is now about to lose $400 billion in bad debt. Yeah. Economists show that borrowers are going to pay back less than a trillion Of the 1.4 Trillion that has been lent. Well, who's gonna make up the difference? You guessed it you taxpayers will put in the rest. And it gets worse every year, the Department of Education Lands $100 billion a year to college students, and in the course of doing so, they completely ignore credit scores and even majors. The government doesn't analyze whether students are going to earn enough money after graduation to pay off the debt. They don't look at the cost of the debt relative to the income that the student will learn based on the green. They're going to get You want to borrow money? Let you have it without any regard to whether you're likely to graduate whether you're likely to repay the loan, whether or not your career post graduation will enable you to do it. And In fact, from 2005 to 2016 40% of all student loans went to borrowers with sub prime credit scores. People who could not borrow money otherwise were able to get student loans. Ah, lot of folks say this is really important to do because otherwise these kids would not be able to go to college. And if they can't go to college, they can't Achieved the economic improvements in their life. It is a time of war in this issue. We know where President elect Joe Biden says on this. He wants to forgive $10,000 for every student loan borrower again, saying the taxpayer will pick up the bill. Meantime, that's creating a lot of annoyance factor from a lot of folks who say I worked really hard so that my kid didn't need a student loan, or I borrowed money. But just not through the federal loan program. I got a home equity loan. I got a second job or what have you So the issue of fairness is going to be part of the debate. Once the president elect is dealing with this when he's in office, we're going to have to see How it all shakes out. Meantime, the pandemic continues. 24% of Americans are said to be struggling not just now, but they will continue to struggle after the pandemic is over, just to meet basic financial needs. 15% of Americans. Are you? One of them are supporting adult Children financially. You might be fine. Financially. Your income. Secure your job Stable. What have you, But what about your adult Children? If you're in your fifties and sixties, you've got kids and their twenties and thirties. How are they doing? And if they're struggling, odds are pretty good. You're helping them out financially. In fact, 11% say they're providing financial support not to Children but to extended members of their family, brothers and sisters, cousins. Parents. And as a result of all the above 27% of Americans say they are now planning to delay their retirement. Oh, and hey Speaking of careers and college choices in terms of the academic major, your student will study glass door has just come out with a report on the 10 jobs that are not going to come back. After the pandemic is over Number one on their list. Chef. We've got lots of restaurants closing, which means we've got a glut of chefs available in the marketplace. The odds of you being able to become a chef are not very high. Number two executive assistant. Next down the list. Receptionist accounts payable specialist HR.
"ric edelman" Discussed on WCBM 680 AM
"Us online at RIC. Edelman dot com. That's rice Delman dot com, and you'll get a sense of the work, we do and how we do it, and our education, first client focused. I'm RIC Edelman. You're listening to the truth about money stay with us. Talkers magazine as one of the heavy hundred talk show hosts in America. This is the Rick Edelman show. Frankly, were here when it comes to your next home remodeling project, put it in the hands of a company within peccadillo credentials, put it in the hands of eighty s builder and home improvements for over thirty years, eighty s delivered good old fashioned craftsmanship. And as a company you can trust. Plus, you get their exclusive in-home concierge service has won the Michael award for the best addition built in Maryland and the torture word from the Better Business Bureau for outstanding ethics at the top at all. They earned forty three super service awards from Angie's list for exemplary customer service. Jim much today. He has guarantees when we're done. You'll be happy if you're not happy. We're not done folks. That says it all right now, call eight years for their WCBS super summer special. One eight hundred seventy seven save that's one eight hundred seventy seven SAVE are online at a ES home dot US. A ES always. Exemplary service. Are you an over thinker? Hi, RIC Edelman here, host of the Rick Edelman show right here every weekend in three decades of serving folks. Like you hear at Financial Engines, we've met a lot of folks who are trapped because they were overthinking their financial decisions. We get it. This can be scary stuff. You work really hard and you make a lot.
"ric edelman" Discussed on WBZ NewsRadio 1030
"To the RIC Edelman show. We talk a lot here on the program about financial education. It's what this program is all about. Of course. And there are some pretty powerful organizations that are focusing as well on the issue of retirement security retirement readiness and to that end very happy to bring onto the program, John Scott. He's director of the retirement savings project for the pew charitable trusts. John, thanks so much for joining us, brick. Thanks for having me, the pew charitable trusts is a huge organization involved in a great many phone, throwback activties dealing with major challenges across the country. What is doing in the area of retirement savings? So we're doing research on what is preventing Americans from saving for retirement. Some employers aren't offering plans what policy solutions might address some of those barriers, that barriers that workers and employers are facing and how to preserve assets in. Retirement. We know that about thirty percent of workers don't have access to a retirement planner job. So critical focuses understanding how we make those particular workers saving for retirement. We're also looking at some potential solutions for example, we're looking at St. Ottawa a plans, as well as group of plants called multiple employer plans or maps, so you mentioned the state auto IRA plan. Everybody listening to the show knows what an IRA is you on your own individually save a retirement account. You can open these accounts pretty much everywhere at a Bank at a brokerage firm, many insurance, companies, you can do it directly with mutual fund companies IRA's are pretty routine, and most folks minds at least the kind of listeners, we have here on the show. But what is an auto IRA plan, and especially when that's being run by state government. Governments talk about that state that a pass laws that create statewide retirement savings program for private sector workers, who don't have a retirement plan at their job. Those states are California, Connecticut. Illinois, Maryland, New Jersey in Oregon, or some variation from state to state, but the basic approach is that workers who are auto enrolled automatically enrolled into this program. They have the right to opt out at a default contribution rate like three or five percent of pay. And this only applies to workers who don't have a plan if their job are held in Roth IRA. So that's the IRA part of this, and they're usually invested in a target date fund, or some sort of a balance of stocks and bonds, that's managed by outside investment firm. Oregon is the first state to get started with Illinois in California not far behind Oregon after about roughly a year and operation. They have about eighteen million dollars and assets so far. The average contribution rate is about five point six percent. We've previously done some survey work about how workers and small businesses would react to these and other. Policy solutions going forward now that we have actual state programs in running Pule, be studying, how participating workers and employers are experiencing these programs are these programs working, what's going well for workers and employers and what needs improvement. So, in other words, let's say I'm a small business owner. I've got, you know, a dozen or so employees and I don't want to create a retirement plan because they're expensive complicated distraction busy trying to keep my business afloat if I'm in Oregon, I am now required to automatically enroll my implies in this state run program. Right. That's correct. If you don't have a plan already, you would enroll them, and then the workers, start the default contribution rate and organise five percent, although the workers can drop out they can opt out of it can change the contribution rate. And that's what we've been seeing in early days, we have a number of workers who've actually increase their contribution rate above five percent, and the. The reason I think in the statistic you cited that thirty percent of workers don't have a retirement plan where they work is because that many workers are working for small businesses, and small businesses are less likely to create a plan and big companies. That's right. That's where the coverage gap is. There's another huge area of workers who are missing out and those are self employed individuals contingent workers freelancers people who are working in the gig economy. They're, they're, they're getting a bunch of ten ninety nine from people. They don't really have a single job. They have a whole bunch of part-time jobs. They're not participating in a retirement plan, either unless they set one up themselves, which most of them are not doing right. No, that's, that's absolutely right. And, you know, there's a big debate over how many of these in his different names for them that you hear but non traditional workers, or alternative workers debate, a how many there are, and whether this segment of the workforce's growing, and but, you know, we're. We're talking about a sizeable number. I've seen estimates from either ten million to fifty million, but the bottom line is that, you know, these are workers who do not have access to an employer plan they often can't use payroll deduction as you said, they're getting ten ninety nine to do regular contributions that, you know, I think you and I are used to. Yeah. Saving for retirement. And so as a result in the numbers get a little sketchy here, but roughly a quarter of these workers have access to a retirement plan. So more than a three fourth don't have access to a retirement plan. But there's a lot we don't know. And this is something of interest to pew contingent work or alternative work for some might be a side hustle, where they have a regular full-time job with benefits or maybe their spouse has a job with a 4._0._1._K. I'm so they don't really need a retirement plan. Our research hopes to cover some, the demand for savings, amongst this sort of this large impossibly growing in the workforce, and that sort of basic. Search will inform later analysis of what we might do to help them say for retirement. And I soon that congress would be very interested in the research that you're producing creating legislation that addresses, these huge gaps in the workplace and it was easy when everybody was working in a factory. But now that's not really happening. We've people were working for small businesses, people, working self employed or part time gigs. So what kind of legislation is Congress working on to address these issues, incursion, part, you know, I think a lot of us in the field tend to be doom and gloom type, and there is a lot of interest. Actively in congress. There's one Bill in particular, and I have to say, I'm usually wrong about picking which bills will become law at least two. That's right. I do a lot better my NCWA basketball picks. But, but the secur- act which just came out of the House Ways and means committee, looks like it has both bipartisan support. Which is a good thing. We don't often see that and maitre stakeholder backing and I think this Bill would do three critical things that would help with retirement savings and one is focused on small employers, and that is they would it would increase the tax credit for the cost of starting a new plan in our prior research around small employers. We found that the biggest hurdle to starting a plan is the startup cost and the Bill would increase the tax credit from five hundred dollars to potentially five thousand dollars for starting a retirement plan. And that may encourage a lot of small firms to start a plan if they know they can offset the startup costs with a credit the, the, the one sort of flying. The is that the small employer would have to. Claim the credit. And, you know, not everybody claims every tax credit that the available to them. So, you know, I think that's one issue. We'll have more on a dressing the problem of funding social security, that's next on the RIC Edelman show. And if you're worried about funding your.
"ric edelman" Discussed on 850 WFTL
"To ask, Rick, at RIC Edelman dot com. That's what Daniel did. Here's his question, pointing Daniel. And I'm from California, my wife and I are single family income. Just had a child as you can hear in the background, and we don't have much saved other than what I've managed to put aside. My question is, do you help people like us? Thank you. Absolutely. Daniel thrilled that you would call and ask for our help when I created our firm, thirty three years ago, we did. So for the simple reason that quite frankly, we couldn't find anybody willing to help us, we were twenty eight twenty eighteen twenty seven. And we went to a financial planner who wouldn't help us because we were young didn't have any money, and we were very frustrated by that fact. So he said, you know what we're gonna teach ourselves how this stuff works, we're going to teach ourselves how to do it, and then we're going to start a firm and we're going to share what we've learned with others, and teach others what we know and for those who want our help, we will help them, and it was simple as that. So we started our practice back in nineteen eighty six and we began by doing college planning seminars, for elementary school, PTA groups, parents of young children who are facing college ten to fifteen years into the future, who had no idea that they need to save for college. Don't know how to save for college. Don't know where to save. Don't how much do accumulate and don't know how to put this into the context of the Rover, all financial planning, and the implications for their own retirement security. And so we began doing these college planning seven. Nour's for the next several years and word spread. That's what God invited onto the radio and I've been hosting this radio show. Now for twenty eight years, I think it's the longest running national radio show in the country on personal finance and that led to TV shows led to my writing books have now, written ten books on personal finance in the most recent one Jinnai wrote together called the squirrel manifesto for children for four to eight year olds to get them introduced to the subject of money or attitude is real simple. You shouldn't have to be rich to be able to.
"ric edelman" Discussed on 850 WFTL
"Independent registered investment advisory firm in the country were also extraordinarily honored at consumer reports. And what they had to say about us. We encourage you to go to our website at RIC Edelman dot com to see exactly what consumer reports had to say about us and their rating of nearly sixty two thousand firms including all the usual suspects. The biggest names in the business. We're really excited about what consumer reports had to say you don't have to pay to read what they wrote just go to on the dot com. And you'll see it there. We had a settlement announced against a BB. I've ever heard of them. They've got twenty four thousand employees AB is a European company that is engaged in electronics and robotics all around the world are on the fortune global five hundred they've got two billion dollars in their 4._0._1._K plan. And they just settled a lawsuit for fifty five million dollars. This case was originally filed in two thousand six thirteen years ago went to trial and twenty ten they lost the judgment, and it was appealed, and they just lost the appeal or I should say settled, I guess before the appeal was resolved and they're paying fifty five million dollars. Why because current and former employees of the company say that the company failed to honor its fiduciary obligations that they were forced to pay expenses in their 4._0._1._K that were higher than reasonable and that they were forced to buy investments in the plan that were either too expensive or not performing well enough to justify inclusion in the plan. You might remember this particular case there have been dozens of companies that have been sued by their current and former employees about their 4._0._1._K plans, you might remember this one in particular because during the two thousand ten trial one of the. The plaintiffs shot and killed three employees ease at an AB manufacturing facility in Saint Louis before killing himself horrible and tragic in every case, you have a 4._0._1._K where you work very possibly.
"ric edelman" Discussed on WCBM 680 AM
"Is. I'm RIC Edelman. You're listening to the truth about money. Triple eight plan RIC. That's triple eight seven five to sixty seven forty two or online at rice. Delmon dot com. Founder of one of the nation's largest independent investment advisory firms coming up Rick Ataman show islanders in the Caribbean. Liked to say that if you don't like the weather, wait, ten minutes. Hi, I'm RIC Edelman, and that's great advice for the stock market to it's easy to get upset when the market falls. But we have to remember is that this too shall pass. Let's easy to say. But sometimes it can feel hard to do. So in times like these. When stock prices are swinging wildly one day to the next making you worry that your financial future might be at risk. Here's the advice, you need don't feel that you have to go it alone. I invite you to talk with one of my experienced financial planners at Eshelman, Financial Engines, let's take a look at your investments and see if they're doing what you need and expect will either reassure you that you're doing you should be doing or we'll give you recommendations to help. You get the peace of mind you need. So you can well wait for. For the sun to shine. Once again, call us at triple eight plan RIC that's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. And now a quick comparison from grasshopper when picking a phone number for business. What sounds more professional your personal number? Hold on. Let me give you myself. And actually, let me get yours too. Just so I don't ignore you call you know, or a dedicated business number courtesy of grasshopper. It was a pleasure meeting..
"ric edelman" Discussed on 850 WFTL
"Hi, rick. This is Mark from California. I was asked by twenty eight year old friend of the family for some advice and his young wife of the combined student loan debt of well over one hundred thousand dollars, he's very anxious about the mini loans that make up the whole of the debt some of which exceed ten percent interest. They have about forty thousand dollars in savings strong, steady income no other debt, and they're living with the folks to save money until September. I suggested holding onto a modest emergency fund out of the forty thousand and easing the balance in this period of zero rent to get very aggressive and paying down the highest interest rate loan. I then proceeding down the list from there until they're all gone. I think they can be completely done in less than two years and free. However, someone else's suggesting to them that this would be a good time to buy a home. And now he's conflicted with this brief scenario. Would you be willing to weigh in with your thoughts? Thanks very much. Mark happy to do that. And I will reiterate what you just said. I have limited info so strictly based on what you said because I've got a gazillion questions on. I can't answer them because there's no one to talk to on the other end of this phone. So based on the limited info, here's what I would say, the, well, meaning friend who is encouraging this young adult to go buy a home. It's a great time to buy is completely misguided. There is no evidence that you've presented to me that your young friend is ready to buy a home, you shouldn't buy home unless you plan on living in it for seven to ten years and people in their twenties are typically in a very volatile period of their lives. I don't know if these married yet. I don't know if their children yet, I don't know what the plans are regarding marriage and children. I don't know what the career scenario is like the likelihood that he's going to be able to commit to living in the same place for the next seven to ten years and able to afford today, the kind of a home that will meet his needs as the Volve over the next decade. Well, odds of that are simply not very good coupled with the fact that he's only got forty grand cash you need to make a twenty percent down payment at a minimum to be able to buy a home. And even if you do that, you then have all of the costs associated with moving into that home, the moving expenses decorating all of the stuff that we homeowners. No, you incur. And then to use all of that cash all of that capital to be saddled with a major mortgage on top of the massive debt already in their pockets. Well, mark. I think your advice is the better advice. I think the notion of working really hard focusing intently on the elimination of that debt is the right strategy and not to be in a huge hurry to buy a house right now that doesn't necessarily mean he's got to continue living with his parents for the next couple of years ago. The longer he can live there rent free the quicker. He's going to be able to pay off the debt because all the money that would've gone to rent goes to the credit cards and other debts. So yeah, I think your strategy is correct. And I think that it's important that people recognize that when they get financial advice from well, meaning friends, you know, to recognize that they may be inadvertently accidentally unconsciously. Applying their own biases and perspectives of what might make a lot of sense to one individual doesn't necessarily translate into effective advice for another. So I'm glad you asked me, I invite your friend to call us directly. Because if he's now in his twenties with a lot of debt and a lot of money in savings at the same time. Well, he should look in the mirror because then he would discover the word adult stamped on his forehead time for him to reach out directly to a financial advisor instead of having to go through you as an intermediary. Everybody. I think will sleep easier in that way. Glad you called Mark. Really? Appreciate it. I'm RIC Edelman. You're listening to the truth about money, triple eight plan, RIC online at rice, Delman dot com. Let's do another ask Rick phone call. This one is from Chris he's in the bay area. Hello, rick. This is Chris from the San Francisco Bay area. And it was calling to see what your recommendation would be on how to finance them home improvements. We'd like to do to the house. We have a current mortgage yet two point seven five percent interest rate. We about one hundred eighty eight thousand on that the improvements were going to do to home around thirty thousand dollars. We're wondering if we should take out a home equity loan to pay for that. And then just pay it off as soon as we can. Or we really didn't want to refinance the house and take cash out since we have two good loan there or the other option forest would be take the money out of my IRA. We have about a million dollars in the IRA, and I'm retired. And my wife's going to be working about another three years. And so I was just wondering what you thought would be the best way to finance those home improvements. Thank you very much. Chris. There's clearly the best choice in this scenario. And you nailed it. It's a he lock the home equity line of credit is the best way to go. As you pointed out, you've got a wonderfully low interest rate on the mortgage of two point seven five percent. You don't want to give that away. You also don't want to tap into the IRA because that is the key letter. There is our for retirement the money in your retirement account should be used solely for retirement. Not for any other purpose. I'm really excited to hear the about a million bucks stashed away in that IRA. We wanna make sure that money is there for in fact, your retirement income needs in the future. The home equity line of credit is the way to go. Because you can obtain that loan at a relatively low cost due to today's low interest rates. You are right in trying to pay that loan off as fast as you can and all that makes perfect sense. So there's no question do not touch the retirement account instead tap into the home equity loan just make sure that you are planning to live in the home long enough to justify the thirty thousand dollar expense that you're going to engage in also make sure that you have a really clear thinking about what it is. You're going to be doing in the way of home improvements because when people start to begin these kinds of projects you end up with the while you're addicts and mud his wells. So recognize everything takes twice as long cost twice as much and I want you to have that in the back of your thinking. So that you're not shocked and surprised that you end up spending fifty thousand dollars on this improvements instead of thirty thousand dollars the bigger question, of course. This should you be doing that as opposed to either not doing the improvements or perhaps moving and relocating to wear the new home doesn't require the improvement. You're planning to do here. That is a bigger broader financial planning question for that. I would encourage you to call us. So you can have a conversation with us. We've got offices throughout the bay area. Happy to help dig into that for you. But with your question is simple, and basic as it is the he lock a home equity line of credit. Definitely the way to go. I'm RIC Edelman. You're listening to the RIC Edelman show triple eight plan RIC that was fun wanna do one more. Let's go off to cherry hill. And see what Melissa has to say. She sent her question to ask Rick at RIC Edelman dot com. Hi, Nick, my name's Melissa. And I'm twenty four years old from cherry hill, New Jersey. I currently have a retirement fund and mutual fund that invest in regularly every two weeks. I was wondering when I should stop investing in one mutual fund and start investing the second. What are the benefits I find that? If I was able to stay in one Beachell. Fund. I get to see continued compounded growth. Please. Let me know your thoughts. Love listening to your Mike compute I-, Melissa thanks so much for calling. You're from my hometown cherry hill, New Jersey. We lived about a mile from the water tower, which means nothing to anybody except Melissa. So here's the deal if you are investing in a mutual fund. Congratulations on glad you are. That fund is a highly diversified investment. Inside the fund are dozens hundreds thousands of securities depending on the fund you've got that are investing in stocks or bonds, or maybe those either in the US or maybe foreign or maybe both. I mean, it depends on the kind of fun fund. You got I don't know what it is. Because you didn't tell me the bottom line is this if you continue to put money into that one fund great fine. It'll continue to grow. Thanks to your contributions. It might even also grow in value. That's what we expect. That's the whole point of investing. If you now add a second fund, you'll just simply have that one accomplishing all those benefits too. So don't feel that you'll be hurting yourself by adding a second fund, you might be helping yourself. And here's why the one fund you have might be investing in a narrow set of security. Adding a second fund might be adding diversification and that increases safety. So to know for sure if the fund you've got is the only fund you need or whether a second fund could prove to be additive, we really do need to have a conversation, and we have an office in cherry hill, New Jersey. So happy to help you there if you would like just call us at triple eight plan RIC, and let us have a conversation with you to.
"ric edelman" Discussed on WBZ NewsRadio 1030
"RIC Edelman dot com. We're talking about ways that we're working to improve retirement security for guest is Deborah wind shell the global head of social impact at black rock. The fact that you now have a platform of global nature. You just have to be so excited about this. Having the opportunity to think globally, and to have Larry committed to making a difference as a a leader a unique platform, and and one that my and many of our colleagues are very excited about among the very many initiatives, undergoing BlackRock saw fit to join our funding our future coalition, can you provide some of the background on why it felt that it wanted to be a part of this. We believe that having a financially secure future is is a critical issue facing. So many Americans today. The fact that funding our future dedicated to making secure retired. -ment possible for all Americans really aligns with what we believe. And so what would you say is black rock's position on what needs to happen to improve retirement security for Americans? We we believe that we just need to give more people access to retirement plan. And as you well know almost eight percent of US employees worked for companies that don't offer plan. So many of the companies who don't offer plans are small businesses, and it's expensive, and it's complicated. And so we think one of the most significant and important structural changes. Just make it easier for small businesses to offer planned and for employees to save. What's BlackRock doing to help low and moderate income families? He'll wet BlackRock had decided to do is connected million dollars specifically to address the emergency savings crisis..
"ric edelman" Discussed on 850 WFTL
"Welcome back to the program, RIC Edelman here, triple eight plan RIC here on the program, we talk about social security retirement security, the need for you to pay attention to that. And the challenges were facing not just individually in our efforts to accomplish this. But also the challenges we face together as a nation. And so to help us talk about this, and perhaps provide a little bit of context, I'm very happy to welcome to the program. Deborah when shell Deborah is the global head of social impact at BlackRock. She leaves BlackRock initiatives to create social impact on a global scale, Deb. Thank you so much for joining us on the program today. Thanks so much for having me. So ordinarily when I interview folks about retirement security and social security, and such which we'll talk about a little bit. It's really all about the content, but I'll tell you on the huge fan of yours. I've tracked your career long time. And particularly when you were the president and CEO of the Robin Hood foundation in New York. That's New York's largest poverty-fighting organization. And here's the weird thing. At least to me, I want you to explain yourself and actually explain black rock black rock is the world's largest money manager. They're managing more than six trillion dollars and assets. And as a point disclosure, in fact, our firm hear at Financial Engines uses a lot of the investments from I shares which is part of black rock. So I'm a big fan of Larry faint, the CEO of black rock, but let's face it for the world's largest money manager to create a social impact division isn't something that I would think is intuitive. So can you talk a little bit? I as to what black rocks thinking was why it felt the need to create a social impact group, and what motivated you to leave the rods that foundation to head this up walks rocks. Global head of social impact. Okay. That's quite a question. Let me let me dive in a little bit from the beginning. And show you where all of this ended up coming together. So first of all you say as I am you're a big fan of my boss, Larry thing. And as you probably know, then he's very focused on the broader responsibility that companies have to society, and that he feels that for a company to be acceptable public or private it really needs to have a sense of purpose and service social purpose. And that's really where this all began. And you might not be surprised to hear that Larry served on the board of the Robin Hood foundation. And that's really where he and I had a chance to get to know each other. And that's how I ended up at BlackRock. Yeah. I'll tell you. I think that's awesome. I'm gonna get black rock the applause of the day..
"ric edelman" Discussed on WCBM 680 AM
"Thank you so much. I'm RIC Edelman, you're listening to the truth about money. Triple eight. Plan RIC online at rice, stolman dot com. Stay with us. For free articles on personal finance sign up for Rick's Email update at RIC Edelman dot com. This year's Preakness festival will have the first ever wise markets hotdog eating contest, featuring Nathan's. Hotdogs the event will take place on Saturday may eleventh at three fifteen pm. You must be eighteen years of age or older to participate show the fair goers. How many Nathan's hot dog you can eat in a short period of time. Call four eight zero fifty to thirty six or Email to Mr. media at wcbMcom. First prize is one hundred bucks a winner's trophy yet. All the details at Preakness festival dot com. Hey you. Yes. Listening to the radio, tell them what made you notice them, you care about people and your card, even when no one is watching you just need someone to believe in you and help you get started. And I believe my local partner might be exactly persons. You'll be amazed at the business skills. You'll learn by working with one eight hundred got the world's leader in full-service junk removal, I believe a person should think big start small if you think big and ready to start climbing to the sky, go to one eight hundred got junk dot com and click the button that says careers, I told you there was a way to step into another gear for your brain and be much sharper. More focused and improve your memory to a level that you could only dream about..
"ric edelman" Discussed on KGO 810
"The program. Ric. Edelman here on the truth about money taking your telephone calls. Triple eight plan RIC anytime you want to call in we're happy to receive your phone call. That's triple eight seven five to sixty seven forty two. You can talk to any of my colleagues at Financial Engines, we have offices all around the country, of course. And of course, right here to help you and you can also reach us online at RIC Edelman dot com. If you wish we've got John who sent me his audio. He sent it to ask wreck at RIC Edelman dot com. Here. It is. Hello, rick. This is John. How do you feel about annuities? My financial planner always brings me back to possibly investing in a new witty. And I've heard good things. I've heard bad things. What's your opinion? Well, John I would love to love annuities. I mean, the concept is a really simple one in a really good one. You put your money into an annuity and the annuity sends you money back in the form of a monthly income. You decide when you want to start the income these are called immediate annuities or you might wait until you're say retired. And that's called a deferred annuity. In other words, you basically, you're setting up your own social security system, you put the money in and at some point you begin to take the money out, and you will get money every month for as long as you live. You can structure it. So you get money for as long as you and your spouse lives as well. The annuity company often an insurance company will tell you based on how much money you're giving them based on your age, and whether or not the payments are based on your life or you. Plus, a second person, the annuity company will tell you how much monthly income you will receive and you.
"ric edelman" Discussed on WMAL 630AM
"Welcome back to the RIC Edelman show, we're taking telephone calls here on the program. Triple eight plan RIC. That's the number of child up. She's in Pittsburgh, welcome to the program. Kate, how are you? Very good. Very well. Thank you. How can I help? Well, I'm single no kids. My house is paid off. I'm retiring in three to five years, and I have an ad. I'll have an adequate for a one K, I'm currently healthy. But I know that won't always be the case and wanted to get your thoughts about purchasing long term care insurance. Okay. So no, kids any other dependence. Anybody financially dependent on you know? Okay. So here's the the broad conversation of long-term care. I'll give you the short answer. I don't think you need the coverage. But let me elaborate as to why. Long term care is one of the leading causes of poverty. Among retirees of the numbers are really horrific. It's roughly one in two Americans over the age of sixty five will incur long-term care services. At some point the national average is about one hundred thousand dollars a year. This cost is not covered by health insurance. It's not covered by Medicare. It's not covered by social security. Meaning that if you do need the cost of care, you're going to pay for it yourself out of pocket, and this is why so many people go broke because you know, it's an eight thousand dollar per month expense, and if you're married this is in addition to the expenses, you already have because if one of you goes into the nursing home the other of you is still living at home in the community incurring the normal expenses. So this is what drives married couples into poverty, in many cases because of this but singles are a little bit different. Especially singles with no kids much simpler much easier because you're not worried about providing financial support to the community spouse..
"ric edelman" Discussed on KTRH
"Listening to the RIC Edelman show. You can do a Ken did and call us a triple eight plan RIC. That's triple eight seven five to sixty seven forty two. But also visit us online at RIC Edelman dot com. That's rice, Delman dot com. Money doesn't come with instructions. More of your questions coming up on the show. Rick Edelman, and I have a feeling that retirement is on your mind. You're wondering if you've saved enough or whether your money is in the right places, you're wondering when will you be able to retire or will you be able to stay retired, and is your money sufficient, so you can live in comfort and financial security for the rest of your life. You're wondering all this. But you really don't have to just wonder you can resolve all these questions in your to enjoy a retirement. That's everything you want it to be and we can help. At Financial Engines, our clients are predominantly concerned about retirement, your financial security financial security for your spouse for your aging parents for your children, and we can help you just like we've helped thousands of folks just like you for more than thirty years. So call us at Financial Engines at triple eight plan RIC that's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. And don't wonder about your retirement. Because we're here to help you. Come to the forest where the other you this ask your parents to take you, but I stopped by discover the forest dot org. Brought to you by the US force service and the Ad Council. From.
"ric edelman" Discussed on WLS-AM 890
"Never stop learning. You have learned. So well, you are a very smart receptive audience that I was smart teacher. Classes are now forming weekdays eleven presents me with a challenge. And that is how do I avoid being repetitious because look the philosophy. Doesn't change a one of a kind for my dedicated faculty, not everybody sees everything. I see rush. I got that on WLS AM eight ninety. With the nation, so divided Democrats are really doing it very. Agree one hundred percents. There's one place trying to bring everyone together. And you're invited to join the conversation. These people just put what headfirst into a swimming pool the water in it. Let him burn themselves. Ground WLS AM, eight ninety WLS AM dot com. Just like chatting with your neighbors afternoon. There were sitting around talking about the latest scuttle bug. I believe. Civilized as we can be. Dumber. Why can't believe people? Yes. You look here. This is WLS just wander around in ninety. Orders from the deep end of the gene usually talking about activities from the shallow individually colors. News and talk W L S eight ninety welcome back to the program. Ric Edelman here, I just mentioned in the last segment that due to technological innovation. We're talking three D printing. Artificial intelligence robotics machine, learning big data..
"ric edelman" Discussed on 850 WFTL
"RIC Edelman you need to learn more about this. We can help triple eight plan RIC online at rice dome. For a wealth of information on personal finance though to the education page at RIC Edelman dot com. Islanders in the Caribbean. Liked to say that if you don't like the weather, wait, ten minutes. Hi, I'm RIC Edelman, and that's great advice for the stock market to it's easy to get upset when the market falls. But what we have to remember is that this too shall pass. Let's say, but sometimes it can feel hard to do. So in times like these. When stock prices are swinging wildly one day to the next making you worry that your financial future might be at risk. Here's the advice, you need don't feel that you have to go it alone. I invite you to talk with one of my experience, financial planners at Financial Engines. Let's take a look at your investments and see if they're doing what you need and expect will either reassure you that you're doing what you should be doing or we'll give you recommendations to help. You get the peace of mind you need. So you can well wait for the sun to shine. Once again, call us a triple eight plan RIC. That's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. Indeed knows finding the right hire takes time away from your business. Hiring unqualified data engineer felt like a second job more job seekers use indeed than any other sites. So there's no better place to find someone with the skills. You're looking for Anita someone with a masters in computer science and database experience. Plus indeed screener questions help you find your shortlist fast now back to having just one job. Get a fifty dollars credit to give your first job. Posting premium placement at indeed dot com slash credit. Terms, conditions, quality standards and.
"ric edelman" Discussed on WCBM 680 AM
"Hi, I'm RIC Edelman, and I have a feeling that retirement is on your mind. You're wondering if you've saved enough or whether your money is in the right places, you're wondering when will you be able to retire or will you be able to stay retired, and is your money sufficient, so you can live in comfort and financial security for the rest of your life. You're wondering all this. But you really don't have to just wonder you can resolve all these questions in your effort to enjoy a retirement. That's everything you want it to be and we can help. At Financial Engines, our clients are predominantly concerned about retirement, your financial security financial security for your spouse for your aging parents for your children, and we can help you just like we've helped thousands of folks just like you for more than thirty years. So call us at Financial Engines at triple eight plan RIC that's triple eight plan RIC or visit us at RIC Edelman dot com. That's rice, Delman dot com. And don't wonder about your retirement because. We're here to help you. Attention. This is a money making opportunity are you interested in making active and passive income each month flipping real estate, tax liens, then listen to this. The pro source tax lien company is offering a free tax lien flip kit, which can change educational videos, and it step by step report that will show you how to earn government secured returns up to eighteen percent. Plus see how you could access tax lien, inventory, not available to the public. So if you want to become a real estate investor without swinging a hammer or being a landlord, then text, I seventy two thousand now to get you a free tax lien flip kit and get ready to learn how to flip tax liens at acquire houses. Well, below wholesale prices for big profits all from home, working part-time text. I seventy two thousand right now to get your free tax lien investor kit, plus two free tickets to a live training event. Which includes a free smart watch. Just for attending text. I seventy two thousand that's I seventy two thousand for your free tax lien kit now individual results may vary. Highly. Buddy. I'm Jack Hanna boy going up on a farm in Tennessee. I've been fascinated with animals, I'm not only all of their beauty and kindness. But also, they're toddlers work ethic. Just look at the birds who gather supplies to build nest or swift foxes who are hard to provide for their young or Pingvin who travel up to five hundred miles to secure food for their families or Bush babies whose impressive job allows him to navigate the trees.
"ric edelman" Discussed on WLS-AM 890
"And it takes time to do this. But remember that anything you do wrong, if you're overweight, if you ever check if you ever miss a payment. Those dings will stay on this credit record for seven years. I know by the way, dad, go talk to your daughter in law today and checkout her credit record because your son marrying her will inherit her credit record. And that could hurt. Ability to buy a house as a newly married couple. I'm RIC Edelman, this is the truth about money and one of the key areas. We emphasize, of course is retirement. It is the number one word that people mention when asked what concerns you the most about finances. It's retirement. Are you going to have enough money to be able to me your needs in retirement, and I want to share with you a fascinating fabulous way for you to be able to do this. And it's remarkably simple and easy. It the answer comes to us by virtue of Abry. And I see I e breathe the employee benefit research institute and the ICI the Investment Company Institute, they just did a big report looking at four one K plans all across this country. They looked at six million employees. All across the US who participate in a 4._0._1._K, and they examined the performance of their accounts from January of twenty eleven through the end of twenty sixteen to figure out who was it that made the most money in their 4._0._1._K plan. Right. Isn't that your goal? You're saving really hard. You're working very carefully to save for your future. You've got a retirement plan at work, you're contributing to it. But are you getting the biggest bang for your buck? Are you getting the biggest advantage from that 4._0._1._K plan? It's a huge focus for us here at Financial Engines for the reason, I just cited because we serve more than a million people across this country in their 4._0._1._K plans. And who were the workers who are doing the best will, according to the study results, the people who have made the most money. From twenty eleven through twenty sixteen. Their accounts grew on average fourteen percent per year. Over that five year period. This is amazing fourteen percent a year. Think about it the S and P five hundred only gained twelve percent a year in those five years, if you had a balanced portfolio, call it sixty forty mix between stocks and bonds sixty percent stocks forty percent bonds you are only up about eight percent per year over the five years. How did these top four one K workers come up with a fourteen percent growth year after year for the five years? You know, how they did it? They kept contributing. They never stopped their accounts jumped more than one hundred and twenty percent in value from twenty eleven two thousand sixteen. And they took full advantage of two things that most workers in this country. Don't take advantage of the first is the employer match one key way that you can make money is by contributing to the plan in order to get the match from your boss, you put in a dollar. They put in fifty.