Today I discuss events that have led 2016 to a poor start, could junk bonds be the next big crisis and retirement scams.

Today I talk about the large drop in the Shanghai index spilling over to our market on the first day of trading in 2016. I discuss whether or not junk bonds may cause the next big economic crisis. I also explain why I think these seminars that coach people to cash in their retirement accounts to buy index life insurance are criminal.

Other items for discussion:

• Rant on people who pitch retirement scams where insurance agents tell half truths.
• Taxes on indexed universal life insurance, 401ks and IRA’s.
• How indexed universal life insurance can disappoint.
• Two scenarios where universal life insurance policies work as a bond alternative for the very high income earner or the wealthy person that does not need their IRA.

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.