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Ric Edelman is the nation’s most acclaimed financial advisor, the #1 New York Times bestselling author of 11 books on personal finance with more than one million copies in print in seven languages, and founder of the nation’s largest financial planning firm, ranked #1 for quality by Consumer Reports. Every weekday, Ric gives you the information you need about the five personal finance topics that matter most today: longevity, retirement security, exponential technologies, digital assets, and ...
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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 …
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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 breakthrough…
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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 #Wei…
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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to competition from AI tools like ChatGPT, investors must embrace innovative, forward-thinking companies rather than outdated ones.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 t…
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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 g…
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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 hold…
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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 princi…
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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 quest…
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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 chair…
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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 ha…
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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 #Lo…
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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 …
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Crypto’s early days were marked by risk-takers with little attention paid to regulation. Now, forward-thinking Wall Street veterans have introduced crypto’s 'adult supervision'" and structure. Owning a vacation home with friends or family may seem like a dream, but shared ownership comes with complex responsibilities and potential conflicts. Plus, …
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Ric discusses three topics that both investors and advisors need to understand: The importance of E&O insurance if something goes wrong...The Invesco S&P 500® Quality ETF (SPHQ)...and Defining Comprehensive Financial Planning. #Invesco #SPHQ #Top100Stocks #SP500 #QualityStocks #IRAInvesting #FinancialAdvisor #PortfolioStrategy #InvestmentOptions #S…
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Ric takes a deep dive into America's decision on the 34 Key Topics of Election 2024 that he's been discussing over the past month. Plus, what a friendly Administration and additional gains in the Senate means for the future of crypto growth and regulation. #2024Election #ElectionResults #TrumpWins #KamalaHarris #CloseRace #CryptoVictory #EconomyMat…
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It's Election Day and Ric shares three predictions on what happens next and advises against reacting to election results with impulsive investment changes. Plus, listeners reflect on Ric's impact over his 35-year radio and podcast career of financial advice and education. #ElectionDay2024 #PresidentialElection #InvestSmart #LongTermFocus #MarketImp…
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Ric lists a number of amazing new developments in crypto and blockchain technology with VISA, Mastercard and PayPal among the headlines. Plus, a listener asks how Ric & Jean chose their path in personal finance. You'll hear the story of how the company rose to the top and the importance of working with a fiduciary. FinancialPlanning #FiduciaryDuty …
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Ric showcases the capabilities of AI by presenting a fully AI-generated podcast, including a segment where AI voices emulate a conversation on cryptocurrency and finance. Plus, Ric makes a major announcement, and you'll hear the latest headlines in the world of crypto. #AIPodcast #AIContentCreation #AIGeneratedVoice#Innovation #Technology #Podcasti…
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It's the final episode of our 19-part series covering 34 essential topics impacting the upcoming presidential election. Using a decision-making tool inspired by Benjamin Franklin to assist undecided voters in choosing who aligns with their values and priorities, Ric summarizes his examination of the candidate's positions. #Election2024 #PodcastSeri…
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A look at the character and the policies of J.D. Vance and Tim Walz, and their alignment with their running mates. Ric wonders if the choice for vice-president will make a difference in how you will vote this year. #VPSelection #KamalaHarris #TimWalz #Donald Trump #JDVance #2024Election #PoliticalDebate #CharacterMatters #EthicsInPolitics #TrumpVsH…
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Among the 34 key issues in Election 2024 is today's discussion about character, ethics, morals, and values. Ric features 18 e-mails from listeners along with his own opinion on the contrast between Kamala Harris and Donald Trump. It's Ric's 500th podcast of The Truth About Your Future! #EthicsInPolitics #CharacterMatters #TrumpVsHarris #Presidentia…
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The 2024 campaign shows a break in tradition among union support of the presidential candidates. Ric examines what's different this year. Plus, a review of the candidates' public comments and legislative records on the military and veterans affairs. #UnionSupport #Teamsters2024 #UnionPolitics #VeteransAndUnions #TrumpAndUnions #KamalaHarrisUnions #…
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Transportation and infrastructure are next in our 19 episodes on the 34 key issues in Election 2024. Ric recounts an experience with StubHub that just might save you an unwanted surprise. He answers a listener question on the trend of companies to go private and how you can invest. And a conversation with Tom Bradley, Chief Client Officer at Schwab…
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Ric contrasts the performance of then-President Trump and Vice President Harris on handling immigration and border security, along with an examination of the role of executive experience in the history of our presidents. And Ric answers a listener's question regarding the daily swings in stock market prices. #ImmigrationDebate #BorderSecurity #Poli…
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Among the 34 key topics of the 2024 election are the emotional issues of racism, religious freedom, LGBTQ plus, gender and transgender. Ric looks at the positions of each of the candidates. #Racism #Bigotry #ReligiousFreedom #GenderEquality #LGBTQ+ #TransRights #Inclusion #Diversity #EqualityForAll #SocialJustice #Donald Trump #Kamala Harris ----- …
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In today's discussion of the 34 key issues of the campaign: judicial reform, presidential nominations, and regulation. Plus, using tax software simplifies managing complex crypto transactions. And, bitcoin miners are leveraging high-performance computing power to support AI's massive energy demands. #UndecidedVoters #Election2024 #RegulationCosts #…
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Ric analyzes Kamala Harris' ambitious new policy plan aimed at supporting black men, which has sparked significant controversy. The proposal includes forgivable loans, healthcare, and tax breaks, raising concerns about its feasibility and fairness. And a comparison of the candidates' views on gang violence, violent crime, guns, incarceration, and t…
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The Election 2024 podcast series continues: Voting Integrity, the Electoral College, Campaign Finance, Corruption. the Filibuster. Ric dissects the rhetoric of democracy at risk. Also in the election, key age-related issues such as increased life expectancy, healthcare costs, mass elder poverty, ageism, and finding purpose in retirement must be add…
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In our series on the 34 issues in the 2024 Election, Ric discusses the lack of attention from the candidates on drug addiction, treatment, incarceration, along with the related issues of smoking and vaping. Plus Ric looks at options to invest in technology and innovation from Invesco, and answers a listener's question regarding ETFs and mutual fund…
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Ric examines the positions of Kamala Harris and Donald Trump on the environment, climate change, and its core issue: greenhouse gas. And Ric shares e-mails from across the country with a variety of opinions on the 34 key issues so far in the Election 2024 series. #ClimateChange #GreenhouseGases #EnergyPolicy #FossilFuels #RenewableEnergy #Environme…
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The broad umbrella of healthcare is among the most important of the 34 issues in the 2024 Election. Today, Ric tackles the Affordable Care Act, also called Obamacare, Prescription drugs, Medicaid, Medicare, LGBTQ health, public health, mental health, the opioid crisis, long term care, immigrant health and the overall cost of healthcare. Plus, Ric e…
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Ric's series of podcasts on the 34 key topics of Election 2024 continues with a conversation about abortion, perhaps the most controversial and most divisive of all topics, along with contraception and euthanasia. Plus, Ric weighs the pros and cons of staking versus traditional price appreciation when investing Ethereum. And Dr. Daniel Kraft discus…
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Today issue on Ric's list of 34 election topics centers on various education-related topics, including critical race theory and student loans and the historical debate between states' rights and federalism in shaping education policy today. Plus, a listener expresses her confusion about financial terms like ROI, accrual ratio, and financial leverag…
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Ric discusses the current housing crisis in the U.S., evaluating the differing approaches of presidential candidates Donald Trump and Kamala Harris on addressing housing affordability and availability. Ric is skeptical about the ability of either candidate to effectively implement their housing policies due to potential Congressional gridlock. #Hou…
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Ric continues his series through this month on addressing the 34 topics that are issues in the presidential election. Today, "it's the economy, stupid!" ----- Subscribe to podcast updates: https://form.jotform.com/223614751580152 Ask Ric: https://www.thetayf.com/pages/ask-ric ----- Links from today’s show: Click here for Ric's worksheet to help you…
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Ric discusses his perspective on the upcoming presidential election, exploring 34 critical issues and soliciting your input. Ric reviews emails from listeners, outlining their reasons for supporting each candidate, He offers his own thoughts on the topics while announcing further discussions on other issues from now to Election Day. He also offers …
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Ric highlights the importance of planning for long-term care, emphasizing that many people wish to remain in their own homes as they age, yet require significant support that can be costly. Plus, Ric reflects on his indecision regarding the upcoming presidential election, sharing insights from listener emails that highlight diverse perspectives on …
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Ric explores the personal decision of whether to pursue heroic medical interventions at the end of life, highlighting contrasting views on resuscitation from a patient's perspective. It emphasizes the importance of clear communication about Do Not Resuscitate (DNR) wishes and understanding the realities of medical interventions. Plus, the tax impli…
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President Biden's student loan forgiveness program has relieved five million borrowers, yet many still face significant financial stress, often replacing student debt with other burdens like credit card debt. The relief, while appreciated, is deemed insufficient to change lives fundamentally, highlighting that financial struggles persist beyond the…
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A biomedical engineering company is developing head transplants using robotics and AI to help patients with severe conditions retain their consciousness while receiving a new body, with potential surgeries starting within eight years. Meanwhile, studies show psychedelics can improve emotional states in rats, and non-surgical techniques using ultras…
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In the next decade, traditional bathroom fixtures will transform into advanced smart devices capable of monitoring health, enhancing relaxation, and providing a seamless, voice-activated experience, revolutionizing personal care in our homes. #SmartBathroom #HealthTech #FutureOfWellness #BathroomInnovation #ToiletTechnology #AI #AugmentedReality #V…
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While inflation concerns linger, the energy sector faces a deflationary pressure from overproduction, particularly in solar energy, leading to lower prices but threatening the profitability of producers and overall economic stability. Plus, a listener's discovery of a seemingly valuable airdropped crypto token raises red flags, and Ric warns it may…
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The Congressional Budget Office now projects that the Social Security Trust Fund will be depleted by 2034, highlighting a critical and ongoing financial challenge. With benefits potentially cut by 23% for retirees, the need for Congress to address the sustainability of Social Security is urgent, particularly as many Americans rely on these benefits…
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The discussion around Central Bank Digital Currencies (CBDCs) is becoming increasingly contentious in Congress, with some lawmakers opposing government-issued digital currencies while others see their necessity as the global landscape evolves. As countries worldwide advance their CBDC initiatives, the U.S. risks falling behind unless it adapts to t…
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AI's rapid advancement is causing significant job cuts across major companies, with UPS, Google, and BlackRock among those impacted, raising concerns that it could automate 300 million full-time jobs globally by the decade's end. Despite potential benefits, over half of Fortune 500 companies view AI as a substantial risk, particularly in media and …
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Artificial intelligence is making significant strides, with Microsoft providing ChatGPT-4 to the U.S. government for classified national security use. Researchers are exploring multi-agent systems, where AI teams collaborate autonomously to solve complex problems more effectively. Meanwhile, major tech companies are investing heavily in AI infrastr…
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Ultra-processed foods, like hot dogs and chips, have been linked to an increased risk of dementia and cognitive decline, highlighting the importance of mindful eating. Adopting a healthy lifestyle—focusing on natural foods, exercise, and mental stimulation—can significantly reduce this risk and promote better brain health. Plus, an ETF to create a …
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An interior designer specializing in college dorms, highlights a trend where students now spend an average of $10,000 on dorm furnishings—more than their tuition. This lavish spending contrasts sharply with the rising rates of grade inflation, where students achieve higher GPAs while studying less. The phenomenon raises concerns about entitlement i…
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In the run-up to the 2024 elections, I find myself undecided due to troubling aspects of both Donald Trump's associations and Kamala Harris's proposed economic policies. Trump's ties to controversial figures and Harris's potentially destructive tax plans on unrealized capital gains have left me questioning both candidates' suitability. As I grapple…
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Since 2000, there has been a significant rise in deaths and serious illnesses related to high blood pressure and obesity, affecting even younger people. But there is a growing shift towards healthier lifestyles, including reduced alcohol consumption and an increase in the popularity of non-alcoholic beer. Adopting a healthy lifestyle, including reg…
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