2017 Financial Outlook: What to know, what to do now. With Jordan Goodman, America’s Money Answer Man. Ep.018

This is a timely and informative conversation that will enhance your finances for 2017 under the Trump administration.  But you need to act now. As Jordan says, “Care and Do.”

There will be 4 additional mini segments coming up on:

  • How to get 6%-8% safe returns.
  • How to payoff your mortgage in 5-7 years.
  • How to sell life insurance policies in the settlement market and why to consider
  • Paying off student loan debt faster and with lower rates.

Show Note Times +/-

01:30 – Jordan’s two main objectives for listeners.

02:02 – What the economic outlook will be under President Trump.

02:15 – Personal Taxes under President Trump.

02:20 – Corporate Taxes under President Trump.

02:47 – About corporate trillions now in foreign banks.

03:01 – Individual tax brackets will collapse.

03:31 – Massive move of money from private sector to public sector.

03:37 – Tax cut and economic history review under 2 Republican and 2 Democratic           administrations.

04:50 – The benefits of lowering taxes.

04:55 – Small businesses and entrepreneurs will keep more money.

05:22 – GDP growth will be 4-5%.

05:30 – Reduce regulations.

06:15 – What will these changes mean for interest rates?

07:09 – Interest rates are the price of money.

07:57 – Mortgage rate forecast – 5.00-5.5% by the end of 2017.

08:50 – How will real estate be impacted?

09:35 – Inventory problem nationally. Prices will accelerate as Trumps policies take effect.

10:30 – How to project real estate appreciation.

12:00 – Stock market prediction – drastically higher.

12:25 – Impact of infrastructure investment.

12:55 – Stock reaction since election.

13:40 – Impact on health care.

19:13 – How insurance companies have been impacted.

20:25 – What type of financial checkup should you do now? Where are the opportunities?

20:51 – What to do first — Pay Attention!

21:09 – No fixed income investments.

21:35 – Commercial mortgage bridge loans.

22:00 – What to invest in the stock market.

22:30 – Insurance coverages to have.

23:05 – Long Term Care insurance.

23:30 – Long Term Care insurance alternative – Indexed Universal Life policy.

25:30 – Estate taxes.

26:15 – If tax rates  drop, change your withholdings.

26:50 – Home equity will grow, and a strategy.

27:15 – Home equity feels good, but….

27:34 – Big problem with baby boomers is have not saved enough. 40% have no savings.

28:20 – The worst social security mistake.

28:40 – Music that moves Jordan Goodman

29:37 – Death and Dying.

30:48 – People need financial help. Especially baby boomers.

31:00 – Interesting university campus experience. Finances is to practical.

33:20 – You must be in the business of “Me, Inc.”

34:00 – Open ears and open mind. Opportunities will come to you.

34:10 – Learn to be a good “Receiver” and a current example.

35:46 -The key word in business success is LEVERAGE with a personal example.

37:40 – ONE TAKE AWAY.

38:00 – The 2 greatest forces in our financial lives – inertia and apathy.

38:11 – Now, Care and Do.

Resources

Jordan Goodman – America’s Money Answers Man. 

                                  Voice of America Radio. 

                                 Facebook  

Jordan Goodman Books

Fast Profits In Hard Times  

Master Your Debt 

The Ultimate Guide to Student Loans 

Music That Moves Jordan Goodman

Beethoven’s – Symphony Number 9.   

Handel:  Messiah 

Mozart – Piano Concerto No. 21, K.467 / Yeol Eum Son    

Other Notes

If you enjoyed this, you may also enjoy episode 4 with Elle Martinez of Couple Money podcast.

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Thanks for telling your baby boomer friends and showing them how to listen to podcasts and subscribe.

If you are a millennial, thanks for telling your baby boomer parents and aunts and uncles.

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