Appreciate How Good the Economy is Now - 231

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 23 July 2019

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to Dr. Chris Thornberg of Beacon Economics, the US economy and real estate market are currently extremely healthy, so we should appreciate it and focus now on fixing the retirement crisis we’re facing in 10-15 years. Plus, Joe and Big Al answer your money questions: Why is owning a home considered "profitable"? Is it a good idea to own real estate in a self-directed IRA? And should you buy a fixed index annuity? Transcript & show notes: http://bit.ly/YMYW-231

Transcript

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0:00.0	Dr. Chris Thornberg is the founder of Beacon Economics and an expert in economic and revenue forecasting,
0:06.2	regional economics, and real estate markets. Today on Your Money, Your Wealth, Dr. Thornberg shares
0:12.0	his opinions on the California and U.S. real estate markets, the economy, and tariffs,
0:17.2	as well as the debt crisis he says we are facing in just 10 to 15 years.
0:22.6	Plus, Joe Anderson's CFP and Big Al Clopine CPA answer your money questions.
0:27.6	Why is owning your own home considered profitable?
0:30.6	Is it a good idea to buy rental real estate property in a self-directed IRA?
0:34.9	And should you buy a fixed or fixed indexed annuity? Plus, rich dad, poor dad,
0:39.5	my two dads, golf and more in the derails. I'm producer Andy Last and here with our guest,
0:44.9	Dr. Chris Thornberg, our pure financial advisors, director of research, Brian Perry, CFP, CFA,
0:50.8	and Big Alclopine CPA. Chris, you're a noted economist.
0:55.9	You know a lot about our economy.
0:57.8	And I think I want to start with real estate because we're here in the local market in San
1:02.2	Diego and we've got clients all around the country.
1:04.5	But I kind of want to start in San Diego and Southern California to get some of your thoughts
1:08.1	because we're starting to see articles.
1:11.4	This is one that came out maybe a couple months ago by KGTV and here in San Diego.
1:17.0	And here's the headlines.
1:18.0	San Diego's housing market cooling down.
1:20.4	New report shows.
1:21.4	And it's talking about San Diego ranked third on the list of housing market seeing the
1:26.1	biggest slowdown. And the report shows that
	...

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