Importance of tax plans and health care strategies, advice from Steve Sexton
Steve Sexton, President of Sexton Advisory Group, is the h0st of “Winning in Life” on KBCQ 1170 AM. Each week, on “Winning in Life,” Steve provides financial, business, and travel advice for his listeners, as well as ways “to win” in all aspects of life.
This week, Steve discussed on a variety of current events that included the effects of Hurricane Sandy, Apple’s employee terminations, and the lawsuits against Monster Energy Drinks.
During his discussion about Sandy, Steve mentioned the rise of unemployment after the hurricane hit the US’s Eastern Coast. He noted that many more people have now become jobless due to Hurricane Sandy’s damages to businesses in the area. More people are investing in Home Depot and Lowe’s and if you look closely, it’s easy to figure out why. During his show, Steve stated that after Sandy wiped out the eastern coast, more people are buying wood, concrete, and other supplies, which means more business for the companies. However, the host also informs his listeners to do their research before jumping in investments.
Hurricane Sandy isn’t the only financial disaster for businesses. The radio host brought up the job terminations of two of Apple’s senior executives, Scott Forstall and John Browett. What could this mean for the investment in the Apple Company?
Speaking of bad publicity, Steve also mentioned in his show the lawsuits people are filing against the Monster Energy drink company. The company’s lawsuits are due to the fact that there have been reports of five deaths allegedly linked to Monster. Steve advised listeners to be careful with Monster market shares because they will probably be going down.
After the radio host finished his segment on current events, he gave his audience insight to his finance advice and expertise. Steve asked his listeners questions such as, “Have you quantified hidden fees, taxes, and risk issues?” or “Have you made decisions based on misconceptions, opinions, or wrong information?” By asking these questions, Steve makes the audience think about their own financial situations.
Towards the end of the show, Steve addressed two questions brought up this week’s show, tax plans and health care strategies. He stated that one of the 5 biggest mistakes that retirees routinely make that affect their financial well being, is not having a tax plan. The radio host helps his audience find ways to the best tax plan and yet have less cost for it.
Tax plans are not the only plans Steve helps his audience choose; he also discusses the best kinds of health care plans you should have. Based on statistics, 40-60% of us will need long term care and in California it will cost about $80,000-$90,000 per year. The advice that Steve gives is to identity the impact that the cost of care will have on your portfolio. According to Steve’s firm, if you are good, feel free to self insure, but if you do not like what you see, consider alternative ways to protect yourself.
What differentiates Steve’s firm amongst other firms is that they identity the importance in realizing all the facts before giving you an opinion on financial products. Steve advises going through their free, no obligation, 3-step financial review. According to the firm, the review helps you ensure that the decisions you are making are right for you, not just now but also for the future.
“Winning in Life with Steve Sexton” is a very helpful and eye opening radio show, and we encourage you to tune in on KBCQ 1170 AM every Sunday at 9:00 AM. If you have any questions, feel free to submit your questions here at Winning In Life Radio. Steve may also answer those questions live on the show, giving you the opportunity to win a $50 American Express gift card.