PODCAST: Is Your Overhead Preventing Your Success?
June 6, 2018
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This week, Jerry and Jennifer Robinson ask: Is your monthly outflow (or overhead) preventing you from reaching your financial goals? Since breaking free from the "consumption trap" back in 2012, Jerry and Jennifer Robinson have been on a mission to help others break free so that they can achieve their financial goals. Also, precious metals advisor Tom Cloud explains how gold prices work, with a brief explanation of Spot Price vs Premium vs Commission. And later, financial advisor Mike Mitchell addresses a listener question: "I have a 403b retirement plan with $250,000 in it. Can this amount be rolled over to another self-directed retirement vehicle?"
Is Your Overhead Preventing Your Success? w.Jerry Robinson
Segment begins at 00:38
In this second installment of his new teaching series around the acronym “C.O.U.R.S.E.”, trading coach and successful serial entrepreneur Jerry Robinson focuses on the letter “O”, which represents Overhead.
With over 40 years of market experience, precious metals expert Tom Cloud brings us his perspective of what lies ahead for gold and silver. Today, he explains the difference between the spot price, the premium, and the commission.
The spot price is the market price
The premium is what a dealer (like Tom) pays for the metal over the spot price
The commission is the dealer’s markup (on top of the spot price and premium)
The retail buyer’s price is the spot price + the premium + the commission
Christian financial advisor Mike Mitchell offers an expert voice of wisdom in making proper decisions for sound retirement. Today, he answers a listener question about rolling over a 403b retirement plan with three possible avenues that will not create a taxable event.
A self-directed IRA
A transfer to another 403b plan, or to a 401k plan
An in-service rollover (usually limited to vested assets only with a specific age requirement)
Call Mike Mitchell Toll-Free at 833-370-0777 With Your Retirement Questions
Call 833-370-0777 to speak directly with Mike Mitchell about how you can experience a sound retirement.
To provoke conscious thinking and to whet our appetite for next week’s show, Jerry leaves us with an intensely insightful quote from a former highly educated observer of children.
PRAISE FOR JERRY 'S BOOK "Jerry Robinson does an excellent job of explaining the 'Petrodollar' system. His book explains exactly how this will come about, but equally important is the comprehensive section on what you can do to protect yourself."
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