Tune in to MoneyMD as Steve and John continue their segment with three more potential pitfalls for couples and their money. Then, with traditional pension plans fading away, future retirees now need to be more disciplined in their retirement planning to compensate for the loss. The Money Doctors discuss Dave Ramsey’s advice on the subject. And finally, we have all heard that China is gaining ground with the potential to surpass the United States as the world’s next economic power, but what do the numbers say? Tomorrow morning, the Money Doctors will look at the economic standings as of 2013.
In the beginning of this episode, Steve and John will explain why some pension funds can't offer inflation protection and how you can compensate for this in your retirement planning. Then, the path to retirement is full of potential psychological and financial pitfalls. Listen to MoneyMD to learn about eight of the most common mistakes made when planning for retirement. And finally, according to CNNMoney, women are almost twice as likely as men to live in poverty during their retirement years. The Money Doctors will discuss some of the leading factors contributing to this retirement gap and some possible solutions for women to consider.
According to experts, the average investor significantly underperforms the market. Find out what mistakes to avoid on the first segment of MoneyMD. Then, deciding how much of your portfolio should be allocated to stocks versus bonds is only the first step toward good portfolio diversification. Tune in to MoneyMD to learn how to further refine your mix and aim for a higher return. And finally, New Jersey is one of many states that is bleeding money from its state pension plan because of a double-dipping loophole. Listen to the Money Doctors to hear their diagnosis of this widespread problem.