Episode 170: We all have what we consider to be excellent excuses for our underwhelming savings. This week the Money Doctors will take a look at the psychology behind those excuses, and then suggest solutions to help you make some rewarding changes. Also, John and Steve take a look at the track records of both active and passive investing strategies.
According to a recent Kiplinger article, "Investors lagged the average mutual fund by an average of 2.5 percentage points per year over the past ten years." Join John and Steve on MoneyMD to find out how you can do better. Then, owning your car costs you a whole lot more than you think. Steve and John will take a look at the true cost of a car, and how you can trim off some of the excess expenses. Finally, John and Steve talk about the Affordable Care Act and how the HSA-compliant health plans are alive and well. Tune in to MoneyMD to hear how you can utilize your HSA as a type of medical IRA that will multiply your untaxed dollars over the years.
Did you know that over 30% of all mutual funds close or merge within five years? Steve and John will discuss some interesting patterns on the beginning segment of MoneyMD. Then, they discuss artificial intelligence is sweeping into the American workplace to replace human judgment. Tune in to MoneyMD when Steve and John will discuss a study done at the University of Oxford that predicts which occupations will likely become automated in the near future. Finally, Janet Yellen is set to preside over her first policymaking meeting as head of the Federal Reserve. Listen to MoneyMD tomorrow morning to learn about the Fed’s current forecast and re-evaluation of the plan for winding down the stimulus program.
It's that time again, and if you're like most of us, procrastination seems like a pretty good idea right now. On this episode of MoneyMD, John and Steve will caution you against dragging your feet, as well as a dozen other easily avoidable tax filing mistakes. After that,
Steve and John will take a look at an article from CNNMoney that highlights Nobel Prize winner David Booth and his research-based mutual fund company, Dimensional Fund Advisors. And finally,
John and Steve will discuss an AP article about this recent bill and its implications.