12-17-18: How Well Do You Understand Your 401(k) Plan?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.4 • 1.5K Ratings

🗓️ 18 December 2018

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Social Security likely won’t pay enough to cover your retirement expenses, so a well-managed 401(k) should be on your to do list.
Today's Stocks & Topics: URI - United Rentals Inc., PRU - Prudential Financial Inc., Interest Rates, The Robin Hood App, Housing Market, TVIX – Velocity Shares Daily 2x VIX Short Term ETN, I-R-A & Taxes, UNH – United Health Group Inc., GOOG - Alphabet Inc. Cl C, PYPL - PayPal Holdings Inc.

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Transcript

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0:00.0	This podcast is produced by KPP Financial, Steve Peasley President,
0:10.3	KPP Financial, Independent thinking, shared success.
0:15.0	And now today's podcast.
0:17.0	Hello everyone and thank you for joining us today on Invest Talk. This is Monday, December 17th, 2018 and we just have a couple more weeks before the end of the year and a little
0:36.9	over one week until Christmas and I'm Justin Klein and I welcome you to Invest Talk, the weekday financial program that is one simple and clear objective,
0:50.0	and is to help you grow and protect your investments.
0:53.0	And of course, we welcome your phone calls and questions
0:57.3	at the same number as always, 88899 chart, 888992,
1:02.2	4278.
1:03.8	Now the big tech stocks open mostly down on the NASDAQ
1:07.5	this morning.
1:09.2	The S&P and the Dow were also down at the start of trading
1:12.0	and we closed the day down even more.
1:19.7	So we closed at the low, this is the lowest close on the S&P 500 for the year. Now we didn't quite get to where we were
1:30.3	intra-day in February, but this is the lowest close on the year. I believe the
1:38.3	D. or the SP is now down about 3 or 4 percent on the year. Gasoline prices have dipped for 68 days in a row.
1:47.0	Health care stocks are taking a big hit as there's potential that they lose government subsidies with a new ruling
1:56.6	called Obamacare that called Obamacare unconstitutional.
2:01.7	Google is going to invest a billion dollars in New York City.
2:04.0	You build a new campus there.
2:07.0	And more than half of working Americans say they didn't get a wage raise in 2018. So even though
2:16.2	unemployment rate is low, wage pressures are still pretty much subdued.
	...

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