In his final podcast, Ric discusses the most important topic that will impact the future of personal finance: crypto. He discusses the amazing growth and the factors that will chart the future course of crypto with fellow crypto pioneer Mike Novogratz, Founder and CEO of Galaxy. And Ric reflects on his radio-tv broadcast journey in financial education as he paved the way for advisors to host radio shows across the country. Plus, a look at what's next for Ric. #CryptoEducation #DiversifiedPortfol...
Dec 27, 2024•49 min•Ep. 538
The podcast focuses on the importance of adjusting investment strategies due to longer lifespans, highlighting five key subjects: college, real estate, exponential technologies (including AI), and the rising risks of scams. As an example, a listener who lost $1.7 million to a crypto scam and took further action by borrowing money to send to the scammers. #InvestmentStrategy #AgingAndLongevity #RealEstateInvesting #ExponentialTechnologies #ArtificialIntelligence #CollegeCosts #FinancialPlanning #...
Dec 26, 2024•28 min•Ep. 537
As people are living longer and healthier lives thanks to advancements in technology, healthcare, and public policy, it is critical to rethink investment strategies, family dynamics, and wealth distribution is critical. As we approach a future where living to 100 is the norm, longevity is a key factor in managing healthcare costs and embracing reinvention, has never been greater. #Longevity #Aging #Healthcare #InvestmentStrategy #WealthTransfer #RetirementPlanning #FamilyDynamics #AlzheimersAwar...
Dec 23, 2024•29 min•Ep. 536
The pros and cons of SBA loans for small businesses, as entrepreneurs should first assess if borrowing is the right decision for their business's long-term success. Plus a controversial vote in West Virginia about medically-assisted suicide is one example of the global debate on the complexities and growing relevance of euthanasia. #SBALoans #SmallBusinessGrowth #Entrepreneurship #FinancialAdvice #MedicallyAssistedSuicide #WestVirginiaVote #SocialDebate #EuthanasiaDebate #BusinessSuccess #Capita...
Dec 20, 2024•15 min•Ep. 535
Gold plays a key role in portfolio diversification, however, buying physical gold involves significant challenges such as storage, security, and commissions, which has led many investors to opt for gold-backed ETFs like GLD, offering convenience, liquidity, and lower costs. Plus, the decision of whether to hold investments like Bitcoin in a taxable account or an IRA depends on tax and risk factors making the choice more complex. #Gold #Investing #GoldETF #GoldMarket #GLD #PortfolioDiversificatio...
Dec 19, 2024•19 min•Ep. 534
The question "What do you do?" has long been a standard icebreaker, but for many, especially those facing retirement, career changes, or gig work, it’s a challenging question that doesn’t fully capture who they are. Instead of focusing on a job, the key is to reframe the answer to give new perspective on identity and spark more meaningful conversations. #ReframeYourIdentity #CareerChanges #PersonalFulfillment #HobbiesAndPassions #WhatDoYouDo #RetirementLife #JoblessLife #CareerTransition #Reinve...
Dec 18, 2024•7 min•Ep. 533
There are a variety of area offering away to diversify in the crypto asset class which includes not only bitcoin but also other cryptocurrencies, crypto companies, crypto funds, and ETFs. And while cancer deaths are declining, the number of cancer cases, particularly among adults under 50, is rising, especially for breast and colorectal cancer. Behavior changes, including unhealthy consumption habits, can prevent up to 40% of cancer cases, with a positive attitude also contributing to improved h...
Dec 17, 2024•12 min•Ep. 532
Researchers are pioneering advancements in dental care, including micro-robots that clean teeth, bacteria-based oral transplants, and natural enamel regrowth. These innovations aim to revolutionize oral hygiene, making dental care more efficient, accessible, and effective for everyone. Plus, how to keep in touch with Ric in 2025. #MicroRobots #DentalTech #OralCare #Nanobots #Innovation #OralHygiene #Microbots #ToothImplants #HealthTech #UniversityOfPennsylvania #ExponentialTechnologies #webinars...
Dec 16, 2024•8 min•Ep. 531
As interest rates are heading lower, two ETFs from Invesco are designed to provide strong returns with managed risk exposure. Plus, a conversation with David Cowen, President of the Museum of American Finance, offering insights into preserving U.S. financial history while promoting financial literacy. #ETFs #Invesco #BondMarket #FinancialOpportunities #Investing #IncomeGeneration #GTOETF #EFAAETF #InternationalDiversification #FridayThe13th #MuseumOfAmericanFinance #FinancialLiteracy #Historical...
Dec 13, 2024•28 min•Ep. 530
With the rise of GLP-1 class drugs like Ozempic and Wegovy, is it socially appropriate to comment on someone's noticeable weight loss? Especially when it's attributed to these drugs, and how new medical technologies might influence social norms and personal boundaries. Plus, when considering investing in crypto, the importance of seeking professionals who understand blockchain and digital assets. He recommends searching for advisors with the CBDA certification and offers resources for verifying ...
Dec 12, 2024•20 min•Ep. 529
Many car buyers are "underwater" on their auto loans, owing more than their vehicle is worth, which can lead to financial problems when trading in or totaling the car. The trend of longer loan terms and high car prices, especially with electric vehicles like Teslas, is exacerbating the problem, making it crucial to consider long-term affordability when buying a new car or consider a used car. #CarLoans #AutoLoanProblems #UnderwaterLoans #NegativeEquity #CarValue #CarBuyingTips #ElectricVehicles ...
Dec 11, 2024•9 min•Ep. 528
The Social Security death benefit has been $255 for the last 50 years and a bill in Congress proposes to increase it to $2,900, highlighting the broader financial struggles of the Social Security system. Plus, Ric will be expanding webinars in 2025 and offering a broad array of content on planning, Alzheimer's research and more. #socialsecurity #deathbenefit #governmentwaste #socialsecuritycrisis #BernieSanders #ElizabethWarren #PeterWelch #fiscalirresponsibility #retirementbenefits #SocialSecur...
Dec 10, 2024•11 min•Ep. 527
The importance of understanding the difference between the short-term focus on the wedding vs. the long-term considerations of marriage. Plus, the unfixed and unexpected costs of home ownership above the down payment and monthly mortgage. And two important webinars this week. #WeddingVsMarriage #MarriageMatters #WeddingPerspective #LifetimeCommitment #FinancialPriorities #WeddingBudget #MarriageOverWedding #ThinkLongTerm #EmotionalDecisions #BridesAndWives #HomeBuyingTips #HiddenCosts #HomeOwner...
Dec 09, 2024•9 min•Ep. 526
Paper checks remain a popular payment method in the U.S., despite skyrocketing fraud rates and safer digital alternatives like Zelle, PayPal, and Bitcoin. As criminals exploit vulnerabilities like mailbox theft and check washing, it's time to embrace 21st-century payment methods. And Ric discusses the latest in Alzheimer's drug treatments and lower cost blood test with Mark Roithmayr. He's the CEO of the Alzheimer's Drug Discovery Foundation, a trailblazer in Alzheimer's research and funding. #C...
Dec 06, 2024•39 min•Ep. 525
Hiring your children through complex schemes like family management companies or S-corps isn't necessary to achieve your financial goals. Instead, you can pay your kids for legitimate earned income tasks to fund a Roth IRA in a simple and legally sound way. With major institutions eliminating tuition and AI reducing operational expense college is becoming more affordable than ever, freeing families from overwhelming financial burdens. #TaxPlanning #FamilyFinance #RothIRAForKi#FreeCollege #Afford...
Dec 05, 2024•13 min•Ep. 524
Colleges are increasingly outsourcing programs to third-party companies while maintaining their prestigious branding, raising questions about value and quality, and underqualified instructors. Meanwhile, lawsuits allege financial aid price-fixing by elite universities, further highlighting the disconnect between college costs and the actual needs of employers who prioritize skills over pedigrees. #CollegeScam #EducationReform #CloudComputing #EliteUniversities #TuitionFraud #Outsourcing #JobSkil...
Dec 04, 2024•8 min•Ep. 523
With the new Administration's positive attitude on crypto, bitcoin is up 50% since the election. The growing enthusiasm is sparking interest from investors who've been sitting on the sidelines. Ric answers questions on how to invest, how much to invest, tax implications and much more. #Bitcoin #CryptoInvesting #Blockchain #Ethereum #DigitalAssets #InvestSmart #CryptoStrategy #WealthManagement #FinancialPlanning #LongTermGrowth #InvestmentTips #Diversify ----- Join our mailing list: https://www.t...
Dec 03, 2024•24 min•Ep. 522
An AI-powered robotic companion for older adults, ElliQ, is being tested to reduce loneliness and provide engagement, but concerns remain about its about potential abuse, lack of regulation, and reliance on robots over human interaction. And plan to join us fortwo engaging webinars next week: “What the Election Results Mean for Crypto” on December 9th, covering legislative and regulatory changes and crypto investment strategies, and “The Retirement Revolution” on December 10th, focusing on evolv...
Dec 02, 2024•7 min•Ep. 521
To achieve true diversification and reduce market concentration risks, Ric discusses alternative strategies beyond traditional S&P 500 index funds. Equal-weighted ETFs like Invesco's RSP and mid-cap growth funds like OEGAX provide more balanced exposure and potential growth opportunities by focusing on smaller and mid-sized companies. And retirees receiving Social Security benefits may find that earning extra income may result in additional taxes that actually offset their extra earnings. Ric su...
Nov 27, 2024•12 min•Ep. 520
As the Truth About Your Future comes to an end next month, in addition to being on Ric's list for updates, he suggests three industry leaders in the evolving world of crypto to follow for their expert insights. He also emphasizes the importance of doing your own research. Following up on yesterday's show covering groundbreaking medical breakthroughs, today Ric highlights future innovations, including quantum teleportation of particles and nanotechnology for medical and machine applications, prom...
Nov 26, 2024•10 min•Ep. 519
Three quarters of U. S. adults are now either overweight or obese. One in three children are now fat. But help is on the way from new drugs that not only fight obesity but have beneficial effects in fighting a variety of ailments. The impact on health and the economy will be transformative. #ObesityCrisis #HealthAwareness #MedicalBreakthroughs #WeightLossDrugs #GlobalHealth #HealthyLiving #EconomicImpact #ChronicDiseasePrevention #FitnessRevolution #HealthcareCosts #LifestyleChanges #PublicHealt...
Nov 25, 2024•9 min•Ep. 518
As Chegg has plummeted in value due to competition from AI tools like ChatGPT, investors must embrace innovative, forward-thinking companies rather than outdated ones. Plus, while mutual funds may have higher fees compared to ETFs, deciding to switch should depend on long-term investment goals rather than solely on expense ratios or capital gains taxes. And, Adam Nash, co-founder of Daffy explains donor-advised funds (DAFs), tax-advantaged accounts that make charitable giving easier. #Investing ...
Nov 22, 2024•32 min•Ep. 517
For those intrigued by crypto but hesitant to invest directly in assets like Bitcoin or Ethereum, a “picks and shovels” strategy—investing in companies or ETFs like State Street's SPDR® Galaxy offerings that support the blockchain ecosystem—offers a diversified and potentially less volatile alternative. And a listener faces a tough decision about gifting her son $250,000 for his divorce-related financial needs, weighing the potential impact on her own long-term stability. #CryptoInvesting #Block...
Nov 21, 2024•16 min•Ep. 516
With fewer people over 50 becoming grandparents, questions about elder care and financial planning grow critical. For those without children or estranged from family, proactive estate planning, long-term care funding, and giving inheritance early are essential strategies for a fulfilling and secure retirement. Retirees, especially Baby Boomers holding 52% of U.S. wealth, will need to balance annual spending and Ric discusses the traditional 5% withdrawal rate. #RetirementPlanning #GrandchildFree...
Nov 20, 2024•10 min•Ep. 515
South Korea faces a demographic crisis with the world's lowest birth rate of 0.72, and globally, nations face falling fertility rates, sparking initiatives like cash incentives, subsidized childcare, and retirement reforms to sustain aging populations. And the 4% withdrawal rate remains a reliable guideline for retirees, designed to preserve principal indefinitely when applied to a diversified 60-40 portfolio with average returns of around 7%. #FertilityCrisis #PopulationDecline #BirthRate #Demo...
Nov 19, 2024•19 min•Ep. 514
OpenAI, creator of ChatGPT, is making waves with a $150 billion valuation and substantial funding efforts from tech giants and institutional investors. This immense financial backing aims to support the expensive computational demands of AI development, though the true payoff for investors remains uncertain as AI continues to evolve and raise questions about its societal impact. Plus, a look at an AI analysis in the Nevada school system. #OpenAI #ChatGPT #TechInvestment #VentureCapital #SiliconV...
Nov 18, 2024•14 min•Ep. 513
As the Social Security Trust Fund nears depletion, Americans face potential 20% cuts to benefits starting in 2034, which could significantly affect their retirement security. Financial advisors must help clients understand the importance of personal savings and investments to secure a stable retirement income. And, Michael Saylor, founder and chairman of MicroStrategy, has transformed the company into a major bitcoin investor by reallocating corporate reserves into bitcoin, issuing bonds, and se...
Nov 15, 2024•47 min•Ep. 512
With interest rates fluctuating, finding reliable investment income can be challenging. Ric discusses two Invesco ETFs offering income generation, downside protection, and low fees as one offers equal-weight exposure across all 500 S&P stocks for balanced diversification. And Ric discusses the importance of maintaining cash reserves and what can happen if you don't. #InvestmentIncome #ETFs #MarketVolatility #IncomeGeneration #InvescoETFs #QQA #RSPA #NASDAQ100 #SP500 #EqualWeight CashReserves #Em...
Nov 14, 2024•12 min•Ep. 511
The election of Donald Trump means shifts in tax policy, financial legislation, and economic strategies, and changes are expected in personal income taxes, estate taxes, and policies affecting student loans, health insurance, Social Security, and tariffs, all with potential impacts on household budgets. #TrumpTaxPlan #SenateShift #FinanceFuture #LowerTaxes #Crypto #EstateTaxRelief #StudentLoans #HealthInsurance #SocialSecurity #TariffImpact #CreditCardRates #PersonalFinance2025 ----- Join our ma...
Nov 13, 2024•15 min•Ep. 510
With Bitcoin rising 31% in just seven days, Ric examines the impact of the election on the candidates and on the future of crypto. Ric looks at the efforts around the country to institutionalize crypto in state and local government payment options, and what you need to know about investing in Bitcoin. #BitcoinBoom #CryptoRevolution #ElectionImpact #TrumpWins #SenateFlip #CryptoLegislation #BlockchainFuture #BTCtoTheMoon #SupplyAndDemand #DigitalAssets #BitcoinAdoption #FinancialFreedom ----- Joi...
Nov 12, 2024•13 min•Ep. 509
