Steve begins with a look at various types of retirement. He discusses ways you can determine what's best for you, and how to develop an investment plan for each alternative.Next, Steve talks about the importance of having life insurance and how it fits into an overall financial plan. He also shares ways to determine just how much life insurance someone should have.Then, Steve and our investment team discuss the current market volatility including some specific sectors that have been hardest hit.Finally, Steve and the investment team discuss current trends in the bond market and compare investing in bond funds to purchasing individual bonds.
The federal reserve increased its benchmark overnight lending rate this week. Steve discusses the fed's motivation for the move and what impact a rate hike has on the markets, inflation, and the economy. Steve also discusses the central bank's plans for additional rate increases during the remainder of this year along with their projection for 2019.
Next, Chris Gibbons of the Cordasco Financial Network team discusses the impact of tariffs on international trade, then delves into the many reasons for optimism about the future of our economy.
Then, CFN's John Walker and Jim Tate CPA team up to host an informative segment on tax optimization and tax planning. They discuss several tax related financial planning issues that deserve attention during tax season, and throughout the entire year. They also discuss several noteworthy tax law changes occurring in 2018.
Larry Kudlow has been asked by President Trump to become his next Chief Economic Adviser. Steve hosted Larry Kudlow here in Philadelphia last year. Previously, Steve had two opportunities to speak with him at length on the program. In this segment, Larry talks about his economic philosophies, and his earlier work with Donald Trump as a candidate and as president.
Next, we head back into the vault to present an in-depth interview Steve did with Larry Kudlow at the time of the release of Larry's best selling book "JFK and the Reagan Revolution: A Secret History of American Prosperity." Steve's discussion with Larry Kudlow is historical in nature, but considering Larry's new position with the Trump administration it has ties directly to today's economic issues.
Then, Steve talks about "your money mind" and ways to determine if you're financially and emotionally ready for retirement, and how best to transition into that phase of life.
Steve talks with CFN’s investment team in this extended two-segment discussion. They discuss the impact of President Trump's call for tariffs on imported steel and aluminum. Some economists fear it may trigger a trade war causing inflation that will slow U.S. economic growth. Steve explains how inflation has a positive effect on some, while having the opposite effect on those in or nearing retirement. They also discuss investments that are effective during inflationary times.
Then, Steve talks about this week's resignation of President Trump's chief economic adviser Gary Cohn. Steve includes audio clips of past discussions with economic analyst Larry Kudlow, as Kudlow may be tapped by the president to replace Gary Cohn. Steve discusses several philosophical differences between Kudlow and President Trump and how they could overcome those disparities if they were to work together.
Steve wraps up the show with a look at the impact of a potential trade war involving China and talks more about the potential impact of inflation.
Steve begins with a look at how the spending habits developed during the wealth accumulation years may affect individuals in retirement. He discusses how care free spending, which is well within our control, can derail a well planned retirement. Steve also talks about "the spending challenge" and how it can give us a better understanding of how we use our disposable income.
After a lifetime of work, people need to determine how financially ready they are for the transition into retirement. Steve discusses how leaving work life, and a reliable earned income behind, can cause anxiety. Steve details ways good planning and an understanding of "your money mind" can help you live your best life.
Then Steve discusses how the relative strength or weakness of the U.S. dollar impacts the economy. He talks about why the Trump administration may be embracing a weaker U.S. dollar policy and why some economists believe this may not be the best course of action.