Tag: premium

PREMIUM: MAXIMIZING MEDICARE

March 5, 2015
Public television is holding its winter fund raising drives for the next few weeks so we are revisiting Part Two our annual exclusive outlook for the economy, business, policy and markets with Evercore ISI’s Chairman, Ed Hyman, voted Wall Street’s number one economist for an unprecedented 35 years running. Hyman is joined by another exclusive guest, New York Life’s Vice Chairman and Chief Investment Officer, John Kim, who oversees over $500 billion in assets at the life insurer, one of the oldest and largest in the world.
 They will discuss the striking differences between the U.S. economy since the financial crisis and the slow, uneven rebound in the rest of the world and what they mean for global economies and markets.. You can watch this episode again here.

 

NEW THIS WEEKIt is estimated that 95% of Americans receiving Medicare benefits pay too much for their coverage.  How do you, or your loved ones avoid that fate? We asked Medicare consultant, Katy Votava to take us through the initial process of navigating the Medicare system and maximizing the benefits available.

Votava, a Registered Nurse with a PhD in health economics and nursing is the founder and President of GOODCARE.COM, a fee for service consulting firm specializing in healthcare options for financial advisors, individuals and small businesses. She is the co-author of the eBook, Making the Most of Medicare: A Guide for Baby Boomers and  is Medicare Columnist for InvestmentNews.    

PREMIUM: EVEILLARD SPEAKING OUT

February 24, 2015
Public television is holding its winter fund raising drives for the next few weeks so we are revisiting our annual exclusive outlook for the economy, business, policy and markets with Evercore ISI’s Chairman, Ed Hyman. You can watch this episode again here.

NEW THIS WEEK: Legendary value investor, Jean-Marie Eveillard has stepped down from active portfolio management at First Eagle Funds but he hasn’t withdrawn from critiquing central bankers and Wall Street. In our recent, exclusive interview he talked about some of the biggest changes in the economic and financial landscape and some things that never change. He begins with the Federal Reserve’s unprecedented monetary policies.

POND: ACHIEVABLE RETIREMENT PLANNING TRANSCRIPT

February 20, 2015

Despite widespread warnings to the contrary, veteran financial planner and investment advisor Jonathan Pond believes no matter what your age or circumstances you can take steps to get your financial house in order and achieve a comfortable retirement.

Jonathan Pond Author and Financial Advisor

CONSUELO MACK: This week on WEALTHTRACK, some call him “America’s financial planner”. Jonathan Pond has been a fixture on Public Television over the years with his seminars on getting your financial house in order. This week he joins us with his “Smart Planner” approach to building a secure retirement. Personal finance fixer Jonathan Pond is next on Consuelo Mack WEALTHTRACK.

Hello and welcome to this edition of WEALTHTRACK, I’m Consuelo Mack. How prepared are you, or your loved ones and friends for retirement? We have all heard about the impending retirement crisis. We recently devoted a program to it with Financial Thought Leader, Charles Ellis who co- authored a short and excellent book on the topic titled Falling Short: The Coming Retirement Crisis and What to Do About It.

It provides both a history of how retirement benefits have evolved and now devolved in this country, as well as providing some straightforward remedies for both the nation and individuals. But how critical is the health of Americans approaching or now in retirement? Headlines to the contrary some recent research suggests that the dire warnings are overstated for the general population.

There are some segments in serious trouble.

Not surprisingly the biggest differentiator between the haves and have nots is work history. 73% of people without access to employer-sponsored retirement plans have less than $1,000 in savings and investments. A sporadic work record also means lower Social Security benefits, or none at all for those with less than 10 years employment. However lower income Americans who have been working steadily typically can maintain their standard of living because of Social Security and Medicare.

For middle to upper income Americans who have a higher standard of living that is not always a realistic goal. A rule of thumb has been that retirees should aim to replace 75% of their average annual pre-retirement income.

However, many of them are living on less.

Rowe price surveyed recent retirees with 401ks and median household assets of close to $500,000. The average couple was living on 66% of their pre-retirement income. 85% said they didn’t need to spend as much as they did before they retired and 89% said they were somewhat or very satisfied with retirement so far.

This week’s guest has spent his entire professional career helping Americans prepare for retirement. He is very well known to Public Television audiences.

He is Jonathan Pond, a financial planner, Registered Investment Advisor, prolific author, and host of 23 prime-time Public Television specials. His customized financial review reports have been among the most popular self-help thank-you gifts in Public Television history.

His most recent product is Smart Planner, a comprehensive financial online planning tool for the general public, which he says is the culmination of 25 years of work refining all of those financial review reports. I started the interview by asking Pond how concerned he is about the financial health of Americans.

JONATHAN POND: Less concerned than many. I think people are tending to know what they need to do more than they have in the past.

PREMIUM: POND

February 18, 2015

Achievable Retirement Planning

Despite widespread warnings to the contrary, veteran financial planner and investment advisor Jonathan Pond believes no matter what your age or circumstances you can take steps to get your financial house in order and achieve a comfortable retirement.

SARGEN: FINANCIAL GAME CHANGERS TRANSCRIPT

February 13, 2015

What are the biggest financial game changers of this decade? The unprecedented cycle of global central bank easing and low interest rates? The dramatic decline in oil prices? On this week’s WEALTHTRACK, Fort Washington Advisors’ Nick Sargen discusses the economic and market moving shifts in energy, inflation and central bank policy – and what they mean for investors.

Nicholas Sargen Senior Investment Advisor Fort Washington Investment Advisors

CONSUELO MACK: This week on WEALTHTRACK, financial game changers. They are coming at us fast and furious from plummeting energy prices, to lower interest rates, to deflationary forces. How should you respond? Veteran international economist and strategist Nick Sargen discusses the best investment course next on Consuelo Mack WEALTHTRACK.

Hello and welcome to this edition of WEALTHTRACK, I’m Consuelo Mack. If I were to pick the biggest financial game changer of this decade it would be the unprecedented cycle of global central bank easing that we are seeing. Ed Hyman’s top economic group at Evercore ISI has counted more than 500 of easing moves over the past three plus years, with no let up in sight. In recent weeks countries from India, to Egypt, to Peru to Turkey, to Canada to Denmark, to Russia to Australia have cut rates. Other central banks have eased credit in other ways including the European central bank’s intention to buy over a trillion dollars worth of Eurozone government and corporate bonds.

As we have reported numerous times on WEALTHTRACK, for better or for worse these low interest rates have been sending investors to the stock market, in the U.S. in particular, and other asset classes for higher returns. Hyman’s group believes they will continue to do so.

The other big game changer in the shorter term has been the dramatic decline in oil prices which have fallen more than 50% since the middle of last year. The last two times oil prices plummeted in 1986 and from 1997 to 1998, the U.S. economy experienced strong growth. Will that be the case this time?

Falling oil prices are a major contributor to another game changer, low to declining inflation rates. Inflation has slowed in virtually all of the developed countries, the U.S. Europe and Japan and in many developing nations including China, India and Mexico.

This week’s guest is tracking all of these trends and advising clients about them. He is Nicholas Sargen, Chief Economist and Senior Investment Advisor at Fort Washington Investment Advisors, the asset management arm of Western and Southern Financial Group with close to $50 billion in assets under management. A PhD economist, Sargen was the Chief Investment Strategist at Fort Washington until last year and has held many high ranking positions at major Wall Street firms.

I began the interview by asking him why he considers lower oil prices to be such a major game changer.

NICK SARGEN: Consuelo, throughout my career, the last four and a half decades, any major change in oil prices has a tremendous impact. We’ve had four periods of spikes, double or quadruple, four recessions.

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