August28

August Jobs Report Could Seal Fed Rate Hike

In her speech from Jackson Hole, Janet Yellen said that U.S. economic activity continues to expand, led by solid growth in household spending. The second estimate of GDP backed up that sentiment. Although government and business spending slipped in the second quarter and overall growth was just 1.1 percent, consumer spending increased at a 4.4
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August26

#286: “Equity” and Women on Wall Street

It’s official: “Equity” is a now my new favorite movie about Wall Street. Sure, “Trading Places” was a classic, but there has never been a film about Wall Street where not only are women the main characters, but they also populate every role behind the camera. Guest Alysia Reiner (she plays Fig on “Orange is the New Black” and starred
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August25

Why You Should Work Longer

I have been called a “Buzz Kill” advocating that people should work longer. The reason I cling to this advice, is that in my years as a financial planner, I found that those who worked longer tended to have fewer financial problems and seemed more content as they aged. But I also know that many
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August21

Yellen’s Jackson Hole Speech May Move Markets

The first eight months of the year have been dominated by one question: When will the Fed raise rates next? The answer may come from a surprising place: Jackson Hole, WY. Since 1982, the Federal Reserve Bank of Kansas City has hosted a late summer economic policy symposium in Jackson Hole. The event brings together central
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August19

#285 Teaching Kids to Spend, Save, Give and Invest

Inspired by her own kids, investment advisor Rachel Gottlieb, CFP has written a new book “Zac’s Dollar Dilemma,” which can help you teach your kids about money. The book is aimed at preschool and elementary school children and helps parents introduce the topic of managing money in a fun and engaging way that kids can understand. Rachel also
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August13

Bad Trade: College for Retirement

“Sometimes self-interested is the most generous thing you can be.” – Tony Kushner This quote came to mind after fielding a question about using retirement funds to pay for tuition. For most people, tapping retirement accounts or funding college education before retirement, is a bad trade. These parents, who want to help their kids, could
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August13

Social Security Refresher

I like to write about Social Security around its anniversary date (President Franklin D. Roosevelt signed The Social Security Act into law on August 14, 1935). I have written a considerable amount about Social Security, some of which I used to compose this annual refresher. Social Security is a pay as you go system, which is
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August11

#284 Career, Investing and Life Advice from an NBA Alum

Former NY Knick/Toronto Raptor John Wallace joins the show to discuss his amazing career, what it takes to succeed as a pro athlete and why he hates investment risk. After playing in the pros in the nineties, John now works for the Knicks, does public and motivational speaking, but his true love is philanthropy. John works with
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August05

#283 The Purpose and Passion of Work

We all need to earn a living, but some are fortunate enough to find purpose and passion in our work. You don’t need to be saving lives to find those qualities, says our guest Dave Isay, the founder and president of the nonprofit StoryCorps, an organization devoted to recording and archiving humanity’s wisdom through facilitated interviews.
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August03

Preventing Senior Fraud

In honor of the recent World Elder Abuse Awareness Day and the fact that senior fraud is practically an epidemic, here’s a sobering fact: It’s estimated that fraud costs Americans over $50 billion a year and those 65 and older are often the targets. The reason is as true today as it was for legendary bank robber Willie
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