Imagine that you are financing the purchase of a home. You get to the closing table, and upon review of the loan documents, you notice that the interest rate and the amount that you’re required to pay back to the lender are left blank.
How would you react if the lender said, “Don’t worry about it, we’ll figure that out later. We’re just going to put a lien on your house, and we’ll let you know what the payback terms are at some later day.” How many of you would sign those loan documents? Zero! But, that’s the deal that you’re making from the IRS when you make contributions to an IRA or a 401(k). You get a tax deduction now, that must be paid later, in retirement. The terms of which are unknown.
Join your host Dennis Tubbergen on this week’s Special Edition of Retirement Lifestyle Advocates radio. Dennis explains how many were mis-informed about contributing to IRA’s and 401(k), and how you might benefit by divorcing yourself from the IRS.
The stock market is more overvalued than it’s ever been by every historical measure. “I wouldn’t be surprised if we see a 1987 or ’29 type shock at some point”…followed by inflation similar or greater than we saw in the 70’s and early 80’s. That’s the forecast from this week’s guest on Retirement Lifestyle Advocates Radio, Mr. David Skarica. Listen to the conversation where your host, Dennis Tubbergen and Mr. Skarica discuss his forecast for the markets and the reserve currency status of the US Dollar.
David Skarica is the founder and Editor of Addicted to Profits, a popular newsletter known for its stellar performance in both up and down markets. Skarica entered the financial markets at a very young age and, at the age of eighteen, became the youngest person on record to pass the Canadian Securities Course. He is a regular speaker at trade and investment conferences in Canada and is a regular guest on the Business News Network (BNN), Canada’s flagship business broadcasting network.
Are we looking at a deflationary collapse in the next 12 months? Our guest this week, Mr. Karl Denninger says he would not be surprised by a 50% re-pricing in all asset classes. Join your host, Dennis Tubbergen as he and Mr. Denninger discuss forecasts for the economy, healthcare, and the markets in the coming months.
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World.