11-20-18: Medical Expenses Are Pushing More Baby Boomers Into Poverty
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 November 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
By 2030, retirees will be spending more than 50% of their social security income on health care.
Today's Stocks & Topics: Individual Bonds for GE Capital, World Economy, Market Crashes, 401k, SNX - SYNNEX Corp., MNKD - MannKind Corp., Tech Stocks, EVBLX - Eaton Vance Floating-Rate Fund A, BDCS - UBS AG E-TRACS Linked to Wells Fargo Business Dev. Co. Index 2041.
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| 0:00.0 | Steve and justin used why charts for their winning investment research so start your free trial now and if you purchase mention invest talk and get a generous discount at YCharts.com. |
| 0:14.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:21.0 | KPP Financial, Independent Thinking, shared success. |
| 0:26.2 | And now today's podcast. |
| 0:27.8 | Good afternoon everybody and thanks for joining me today on Invest Talk. It is Tuesday |
| 0:36.3 | November 20th and I for one am very looking much forward to Thanksgiving. This is |
| 0:41.9 | the week. A couple more days. |
| 0:45.0 | I'm Steve Peasley and welcome to Invest Talk. |
| 0:48.0 | Long time listeners already know that Invest Talk, |
| 0:51.0 | our commitment to reason and common sense is what we do here. |
| 0:56.1 | We are committed to it, to guide you to a better, to be a better investor. |
| 1:01.8 | And if you're new to the program I really do encourage you to |
| 1:04.8 | you know listen and pick up the phone and call ask a question. Any financial |
| 1:10.2 | investment question is welcome. |
| 1:12.6 | Our anytime this or line number is always the same. |
| 1:15.0 | 888-99 chart. |
| 1:19.4 | Now of course today the market opened sharply lower, tried to get back a little bit, but ended up about |
| 1:26.4 | where it started at the beginning of the day. |
| 1:28.6 | That was what, down 552 points on the Dow, So it was a pretty unpleasant day. |
| 1:36.8 | So now we know that the averages, all the indexes, |
| 1:42.1 | have lost money for the year. |
| 1:45.0 | Apple was $177 per share early in the session, right? |
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