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Straight Talk Wealth Radio - Host Bruce Weide

NOT another "get rich quick" show, we're news and opinion about how to survive the next economic decade in America. In our American economy, where 73% of our Gross Domestic Product (GDP) is consumption driven. why is Wall Street so optimistic that the consumer is back now and the stock market is headed back toward the heavens again? Has the government made it all better now by going into debt a further $3 trillion? - - Or are we in one big Stimulus Bubble with the other shoe about to drop? In such unstable times, it seems impossible for the little guy, the "Saver" in America, to beat risk and volatility and come out ahead in the end. But there really are things you can do to ensure you are living with some level of "safe money", and we want to share them with you. Take a look around our site and benefit from our knowledge of the financial world. Thank you for stopping by Straight Talk Wealth Radio Online!
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide shared Sterling Management - Glendale's post.2 days ago
Good advice for business owners from so friends of mine.
Straight Talk Wealth Radio - Host Bruce Weide
Sterling Management - Glendale
Topic: How you go about determining the pay of any employee. Kevin Wilson, CEO of Sterling Chase Wilson, Senior Consultant Sterling Sterling has been doing management consulting for over 30 years.
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide1 week ago
Great tool. I think it's a little optimistic. But it'll get you thinking.
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide1 week ago
Excellent video.

With the first Long Term Care policy I sold 17 years ago, my clients bought in their 70's (unheard of today) and paid about $15,000 a year (for a husband and wife) for 3 years. Then over the next 4 years they collected about $250,000 in benefits. Those kind of miscalculations by insurers was rampant and the industry got clobbered and transferred that loss to its current policyholders still paying premiums.

Today, the models have been reworked. They are definitely more attractive because you can often get back close to what you sunk into the policy if you don't use it for benefits. But the risks that the consumer takes on are very obscured and I don't think most folks know where their liability is when they get a policy.

The problem is not that there are no solutions to mitigating this long-term care risk. To the contrary there's lots of choice today. The problem is, as usual, that agents and representatives are "selling the sizzle" again, and omitting making the customer's liability perfectly clear. Customers deserve that and will still buy the insurance. The truth won't drive away sales. Less than truthful agents will.
Straight Talk Wealth Radio - Host Bruce Weide
Behind the Rising Costs of Long-Term-Care Insurance
Long-term-care ​insurance was supposed to help seniors pay for costly nursing homes and personal aides. Now the industry is imploding. What’s ​at stake for ​more than 7 million Americans who own ​the policies? Illustration: Laura Kammermann/The Wall Street Journal
wsj.com
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide4 weeks ago
Annuities have lots of tax advantages. Here's some new ones.
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide4 weeks ago
This story is being repeated over and over and over and over again. I ran it on the show several years ago about GM and Ford pensions.

The lesson here is immediately applicable to Individuals and families. Wall Street can not manage lifetime income guarantees.

If you're a Baby Boomer, your attention will soon be shifting from saving and accumulating your wealth to Controlled Spending of your wealth over a number of years of which you have no idea how to quantify. Nor do you know what the markets will bring. All the big pensions funds are leaving Wall Street and headed to the Midwest Insurance Belt (in this case, Athene) with billions of dollars, because they are scared to death of having to keep guarantees of lifetime income payments under our current economic and financial circumstances.

Take a tip from Bristol Meyers. (The article is very summated for those in the industry. But I'm giving it context for you here.)
Straight Talk Wealth Radio - Host Bruce Weide
Straight Talk Wealth Radio - Host Bruce Weide shared Fortune's video.4 weeks ago
Good insight into our own educational failure.
Straight Talk Wealth Radio - Host Bruce Weide
Fortune
"There's a confusion about China."