April 01, 2015

The Real World of Money with Andrew Gause 2015.04.01

Assuring a Retirement Through Collecting Assets and Real Money

Topics
-Can we continue to depend on the Social Security System? The public would be outraged if they knew where their contributions to the SS coffer were being spent
-How can an American be assured of a decent retirement without having to work until they’re 80?
-Andrew explains the different kinds of bonds
-Someone bought a penny for 2.5 million; Andrew talks about collecting assets
-Where’s all the gold stored? There hasn’t been an audit since 1973
-Doing your own taxes as opposed to hiring someone
-Andy gives insights into the 3/26/2012 meeting between Obama and Russian PM Medvedev where Obama says he will have “more flexibility”  It was an unscripted instance of what really is discussed.  It’s funny how with our current agitation between the two nations that there is no mention of this.
-If everyone in the middle class is piled into 401k programs, won’t the majority of their gains be ineffective because everyone else had the same gain as each generation cycles through retirement?  If so, wouldn’t one be better off securing their future means of Food, Clothing, Transportation, and  Shelter with earnings now at cheaper prices vs. waiting to compete with everyone else ?
-Isn’t the best tool for the Fed to battle Inflation a function of influencing the market to the downside periodically? The markets are where the majority of the hot money has been flowing.
-On an NPR interview last week, Julie Rovner of Kaiser Health News, said quote
“it’s important to know that the federal government can’t come after you for not paying the penalty for not having insurance, but they can come after you for all of the money that you owe if you got too much in terms of tax credits.”
What is she referring to about the government not being able to come after you if you don’t pay the penalty? My wife and I did not get and do not have health insurance.
-Is there a law in the books that states that people cannot hold gold over a certain amount of ounces in our personal home. Are gold coins excluded?
-Does Andy think that graded coins in the PCGS Old Green Holders are a better choice in general because they are more likely to be re-graded at a higher level?

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