Mon, 16 May 2016
First quarter blended earnings decline, no-brainer social security fixes that aren’t and how 20% are still working past age 65.
Today I discuss the 7.1% decline of blended earnings for the first quarter of 2016, citing a drop of 107% in the energy sector alone as a major contributor. I also explain why the volatility of oil prices may not be over even though there has been supply interruptions. Jeffrey Gundlach weighs in on the Presidential campaign by discussing the possibility of Donald Trump increasing the budget deficit while producing short term economic gain. This spurs a discussion about global debt issues, rate hikes and tackling US debt. I explain some repercussions to “no-brainer” social security fixes and the ONLY two instances where immediate annuities are a good idea. I also share some alarming numbers from the Bureau of Labor and Statistics about people working past retirement age and how to avoid working after age 65.
Don't forget about our upcoming seminar this Thursday at Four Points by Sheraton San Jose Airport where Rob Black and I will explain how to build a retirement portfolio that lasts. Registration is only $5 so click HERE to sign up!
Email your money question to firstname.lastname@example.org , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)
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