RETIREMENT FUND MANAGER PONDERS YEAR-END OUTLOOK
November 9, 2015
Hosted by Jordan Goodman
Nathan Bachrach manages close to $700 million of retirement funds in a balanced portfolio for 1750 families. He thinks a hike in interest rates is way overdue but the markets will take it in stride. But because rates and bond prices move adversely, unrealized capital gains in his bond holdings will fall when rates reverse. And in today’s monetary environment, he can’t assume traditional asset allocation adjustments will work. What to do? Clients ask, What’s going to happen to Social Security? As long as Uncle Sam has taxing power, Social Security can’t go broke. It is a cash flow problem to the extent more is paid out than paid in and Nathan comments on the solutions commonly discussed. The Social Security “file and suspend loophole” is now being phased out, but it confuses a lot of people and he clarifies it. Prepare for the holidays like you do for retirement. Stick to a budget, start early, never pay full price, use online shopping, avoid “little murderers” (wasted nickels and dimes). Oh, and get yourself a “Red Laser.” That’s an app for your iPhone that permits you to check product ratings and prices before you cash out. On gift cards: “Nothing says ‘I love you’ better than a crisp $20 bill.”
The Money Answers Show
Monday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.
Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.