MoneyMD

4-26-14

Are you worried about running out of money in retirement? U.S. News & World Report says you shouldn't be, as long as you avoid five common mistakes. Find out what not to do in the first part of this podcast on MoneyMD. Then, in order to protect taxpayers from criminals, and also to discourage taxpayers from becoming criminals themselves, the IRS has published a list of the top twelve tax scams. Find out what to steer clear! Finally, listen to John and Steve as they discuss a recent Kiplinger article detailing ten important financial steps to take as you move into your thirties.  

 

4-19-14

The Obama administration celebrated the success of the Affordable Care Act, but studies are raising more red flags as to the true issues that lie ahead. Tune in to MoneyMD to learn how coming changes may affect your healthcare budget for next year. Up next: The U.S. stock market has experienced a correction during nearly every bull market over the past forty years.  Steve and John will help you consider how to prepare for a correction so you can make good decisions for the long-term health of your portfolio. And finally, since women tend to outlive their husbands, they need to address longevity risk when considering income sources and investment strategies. Learn how on the ending segment of today's podcast of MoneyMD. 

4-12-14

A recent Morningstar article points out that even though funding an IRA seems relatively simple, the IRS has created a plethora of surprising rules that may seriously impact your retirement funds.  John and Steve will let you know what to look out for on MoneyMD. Then, listen in and learn what not to do from older baby boomers who wish they had done things differently as they planned for their retirement. And finally, the new numbers are out.  Tune in to MoneyMD to hear how investors are feeling about the world of finance and how this may impact the markets.

4-5-14

It's difficult to ignore when we are in poor physical health, but our financial health is a little easier to overlook. To start off this podcast, Steve and John will help you complete a self diagnosis to determine the overall fitness of your finances. Then, a study in a recent Forbes article tracks the predictions of 68 experts and 6,582 market forecasts going back to 1998.  Hear the results from John and Steve on MoneyMD. And finally, tune in to hear how Dimensional Fund Advisors' funds stacked up against a number of other investment models over the past ten years.

3-29-14

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. 

 

3-22-14

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.

3-15-14

Tune in to MoneyMD to hear about contributing factors to this current secular bull market, as well as some projections for the future. After that, listen up to hear about President Obama's 2015 budget includes seven key changes aimed at your retirement accounts. Steve and John will describe these proposed changes and how they might affect your plans going forward. Finally, analysts have determined that our parents and grandparents saved much more than we do today. John and Steve will look into the reasons behind our skimpy savings, as well as a surprising effect this has on the U.S. economy.

3-8-14

"A new study finds that many investors may in fact have a genetic predisposition to hunt for bargains in the stock market,” reports a recent article in the Wall Street Journal. Today on MoneyMD, John and Steve will consider the implications of these surprising findings. Then Steve and John take a look at the changing retirement landscape, and the factors involved in determining the best time to begin enjoying your golden years. After that, a recent AP article points out that "a global retirement crisis is bearing down on workers of all ages."  Tune in to find out what is causing the crisis and how you can protect yourself from its effects.

3-1-14

You may think that a million dollars is way out of your reach, but with a little planning it’s actually a realistic goal for most people.  Interested? Listen to Steve and John as they give you 5 practical steps you can take to make that dream come true. And then, you can insure just about anything these days, from your home to your identity, and you can spend just about any amount of money on that insurance. What should you insure?  How much insurance is necessary? Join John and Steve as they discuss the purpose of insurance and give some guidelines you can use to answer those questions. Mortgages are cheaper than ever, leading many of us to look at the possibility of refinancing our homes. Is that a good idea? John and Steve will ask you 3 questions to help you decide if refinancing is a good option for you.

 

2-22-14

Liz Ann Sonders, chief investment strategist for Charles Schwab, recently stated, "I personally think the bull market we're in now will be the best we see in our lifetimes."  Steve and John will discuss her reasons for this strong statement in the beginning of this episode. Then, while frugality doesn't mean having to give up all your "toys", it does require you to rethink some things. Tune in to learn seven practices that will set you on the road to prudent financial living. Finally, have you been snagged in the golden ticket trap? Find out on MoneyMD.