2017 Financial Outlook: What to know, what to do now. With Jordan Goodman, America’s Money Answer Man. Ep.018
Planet BoomerVille for baby boomers with Jim Enright
English - January 10, 2017 08:00 - 34 minutes - 31.5 MB - ★★★★★ - 11 ratingsSociety & Culture Health & Fitness 1946to1964 aarp medicare retirement ageing babyboomerblogs babyboomerdating babyboomergeneration babyboomerretirement babyboomers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This is a timely and informative conversation that will enhance your finances for 2017 under the Trump administration. But you need to act now. As Jordan says, “Care and Do.”
There will be 4 additional mini segments coming up on:
How to get 6%-8% safe returns. How to payoff your mortgage in 5-7 years. How to sell life insurance policies in the settlement market and why to consider Paying off student loan debt faster and with lower rates.
Show Note Times +/-
01:30 - Jordan's two main objectives for listeners.
02:02 - What the economic outlook will be under President Trump.
02:15 - Personal Taxes
02:20 - Corporate Taxes
02:47 - About corporate trillions now in foreign banks.
03:01 - Individual tax brackets will collapse.
03:31 - Massive move of money from private sector to public sector.
03:37 - Tax cut and economic history review under 2 Republican and 2 Democratic administrations.
04:50 - The benefits of lowering taxes.
04:55 - Small businesses and entrepreneurs will keep more money.
05:22 - GDP growth will be 4-5%.
05:30 - Reduce regulations.
06:15 - What will these changes mean for interest rates?
07:09 - Interest rates are the price of money.
07:57 - Mortgage rate forecast - 5.00-5.5% by the end of 2017.
08:50 - How will real estate be impacted?
09:35 - Inventory problem nationally. Prices will accelerate as Trumps policies take effect.
10:30 - How to project real estate appreciation.
12:00 - Stock market prediction - drastically higher.
12:25 - Impact of infrastructure investment.
12:55 - Stock reaction since election.
13:40 - Impact on health care.
19:13 - How insurance companies have been impacted.
20:25 - What type of financial checkup should you do now? Where are the opportunities?
20:51 - What to do first — Pay Attention!
21:09 - No fixed income investments.
21:35 - Commercial mortgage bridge loans.
22:00 - What to invest in the stock market.
22:30 - Insurance coverages to have.
23:05 - Long Term Care insurance.
23:30 - Long Term Care insurance alternative - Indexed Universal Life policy.
25:30 - Estate taxes.
26:15 - If tax rates drop, change your withholdings.
26:50 - Home equity will grow, and a strategy.
27:15 - Home equity feels good, but….
27:34 - Big problem with baby boomers is have not saved enough. 40% have no savings.
28:20 - The worst social security mistake.
28:40 - Music that moves Jordan Goodman
29:37 - Death and Dying.
30:48 - People need financial help. Especially baby boomers.
31:00 - Interesting university campus experience. Finances is to practical.
33:20 - You must be in the business of “Me, Inc.”
34:00 - Open ears and open mind. Opportunities will come to you.
34:10 - Learn to be a good “Receiver” and a current example.
35:46 - The key word in business success is LEVERAGE with a personal example.
37:40 - ONE TAKE AWAY.
38:00 - The 2 greatest forces in our financial lives - inertia and apathy.
38:11 - Now, Care and Do.
Resources
Jordan Goodman - America’s Money Answers Man.
- Voice of America Radio.
Books:
The Ultimate Guide to Student Loans
Music That Moves Jordan Goodman
Beethoven’s - Symphony Number 9.
Handel: Messiah -
Mozart - Piano Concerto No. 21, K.467 / Yeol Eum Son
Other Notes
If you enjoyed this, you may also enjoy episode with Elle Martinez of Couple Money podcast in Episode 4.
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Thanks for telling your baby boomer friends and showing them how to listen to podcasts and subscribe.
If you are a millennial, thanks for telling your baby boomer parents and aunts and uncles.
Be Stellar, and Live Life Lively.