On this episode:
Regulators have recently expressed worries about the sales practices regarding some insurance products like indexed universal life policies. The sales pitches usually state that you’ll make money with these products when the market goes up and won’t lose money when the market goes down. Listen to Ric Edelman explain the catch and expose the whole truth about these products.
A listener calls the show with a question about required minimum distributions (RMDs). He has two retirement accounts and needs help understanding the rules regarding RMDs. Listen to Ric Edelman explain the rules in a simple way and share advice on how to handle required distributions.
The annual survey of individual investor behavior was recently released and revealed that lots of investors are still doing it wrong. The report found that the average stock fund investor lost 9.4 percent last year, while the S&P 500 fell by about 4.5 percent. Listen to Ric Edelman share a surprising reason why so many investors underperform the market and how you can learn from the average investor's mistakes.
You can increase your retirement savings by 10 percent with a simple and easy change to your retirement plan at work. Listen to Ric Edelman explain how and share more tips on how to save more money.