Podcasts about kotlikoff

Laurence Kotlikoff, professor of economics at Boston University and the founder of Maxifi.com — which helps investors bring economics into their financial planning decisions — says investors who have spent decades thinking the stock market rebounds from every dip and decline could be in for a different story with a coming recession, and he thinks they should be trying to lock in their standard of living rather than focusing on historic rates of return. To that end, he says he has cut his personal equity exposure from 60 percent of the portfolio to 20-25 percent. "I do see only downside risk from what's going on," Kotlikoff says. "Even if there is nothing changed on average, the uncertainty itself is enough to produce a recession and a big drop in the stock market." Ted Rossman discusses a recent Bankrate.com survey which showed that more than half of Americans say they will spend less on discretionary items like travel, dining out and live entertainment, but he also notes how plans to limit spending often fail to translate into action and reality. Plus, Chuck answers a listener's question about how to turn the portfolio of his younger self into something more age appropriate and mature.

Join us for an inspiring conversation with Barbara Kotlikoff Harman, a master of reinvention who transitioned from leading luxury brands like Nina Ricci and Harry Winston to launching The Butler's Closet, a bespoke storage business devoted to preserving your favorite fashion and lifestyle pieces. Harmon delves into the art of balancing high-level corporate leadership with innovative side hustles, sharing the challenges and triumphs of building customer loyalty and developing unique products in competitive markets. Listeners will gain valuable insights on navigating career shifts, embracing creative problem-solving, and finding their niche through perseverance and strategic innovation. Tune in to discover practical lessons that empower you to transform challenges into opportunities for lasting success. Watch the interview or read the transcript About Barbara Kotlikoff Harman After a successful career as the CEO of Parfums Nina Ricci, the Managing Director of Harry Winston and CEO of Monet, the costume jewelry company, Barbara K. Harman ran Development and raised funds for The Paley Center for Media and The Steinhardt School at NYU. The Butler's Closet was launched in 2011 when Harman decided she wanted to create her own business. Connect with Barbara: Website LinkedIn   Time Stamps: 03:03 - Growing up in New Jersey and early studies 04:45 - How Harman got into the beauty business 08:24 - Harman's first side hustles in design 10:26 - Starting The Butler's Closet as a side hustle 14:07 - Harman's best-selling preservation products 17:09 - The biggest surprise of entrepreneurship 19:30 - How the election impacted Harman's business 24:36 - Harman's tips for reinventing through a side hustle   30:59 - A glimpse at the more than 200 tips in Sollman's book Connect with Lesley Jane Seymour: Website Instagram LinkedIn Substack If you found this episode insightful, please follow the podcast and leave a review on Apple Podcasts. For more resources and community support, join me on Substack. Until next time, keep reinventing!    

Make 2025 your year! Free 2-part Workshop to build 3 new habits January 3 and 10th  – 12 Noon Eastern – 1 hour via Zoom Sign Up here _________________________ While we focus on the non-financial aspects of retirement here, your money clearly matters. With a new year around the corner we check back in with economist Larry Kotlikoff, author of Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, for his views on what may lie ahead, common mistakes to avoid with Social Security, how you can Maximize (Your) Social Security, why Roth IRA conversions make sense for many people and his retirement planning software MaxiFi. Larry Kotlikoff joins us from Rhode Island. _________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute. Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. Kotlikoff has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the Senate Budget Committee, the House Ways and Means Committee,

Laurence Kotlikoff, professor of economics at Boston University — the founder of Maxifi, which factors economics into personal financial planning — says that while the economy is humming along now, investors should be wary of the potential for trouble, especially stemming from the high levels of tariffs that were a part of President Donald Trump's campaign promises. Kotlikoff — who hosts the Economics Matters podcast — worries that if tariffs are placed at levels not seen since the Great Depression, they could result in dramatic inflation and other problems as other nations respond and retaliate. Kotlikoff also discusses how investors should be thinking about the timing for making Roth IRA conversions now, and how to determine the right amount of life insurance to hold. Jeffrey Hirsch, editor of the Stock Trader's Almanac, returns to the show to discuss the latest print edition of the almanac for 2025, and how a classic effort like a printed almanac fits into a market world that leans hard into technology. Plus Melissa Stephenson discusses a PlayUSA.com study which showed that Americans are struggling with "tip fatigue," with 1 in 3 Americans admitting that they tip less money or less often now than they used to.

Kamala Harris and Donald Trump both have proposed eliminating taxes on tips for service workers. While seemingly beneficial, it might just not add up according to renowned economics expert Larry Kotlikoff. Named one of the world's 25 most influential economists by The Economist Magazine, Kotlikoff has advised the Federal Reserve, the International Monetary Fund, the World Bank, and various other prestigious organizations. He is also a Professor of Economics at Boston University, with expertise spanning personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. The “Distinguished” podcast is produced by Boston University School of Hospitality Administration. Host: Arun Upneja, DeanProducer: Mara Littman, Director of Corporate and Public RelationsSound Engineer and Editor: Andrew HallockGraphic Design: Rachel Hamlin, Marketing Manager Music: “Airport Lounge" Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 4.0 Licensehttp://creativecommons.org/licenses/by/4.0

In this episode, Josh welcomes to the show Dr. Laurence Kotlikoff, a renowned Professor of Economics at Boston University and a New York Times best-selling author. They dive into the critical issues plaguing the Social Security system, focusing on the financial abuse and scams targeting vulnerable groups like disabled individuals, divorced spouses, and widows. Dr. Kotlikoff highlights the alarming practice of clawbacks, where Social Security demands repayment of overpaid benefits, and stresses the importance of using tools like his software, Maximize My Social Security, for accurate benefit assessment. The discussion also sheds light on Dr. Kotlikoff's newest book, which exposes the horrors and systemic failures of Social Security. They delve into examples of individuals unfairly losing benefits, the system's denial mentality, and the lack of accountability in handling clawbacks. Dr. Kotlikoff criticizes discriminatory practices within the system, especially against women, and discusses the need for legislative reform to address these deep-rooted issues. Throughout the episode, Josh and Dr. Kotlikoff explore the broader economic implications of Social Security's problems, including the potential for a Personal Security Account system as an alternative. They emphasize the role of financial advisors in protecting clients and the importance of government regulation in financial products. The conversation concludes with a strong call to action for listeners to advocate for change, highlighting the urgency of reforming the flawed Social Security system for a more secure financial future. Can't get enough of the Financial Quarterback? Click 'Subscribe' to ensure you never miss a play. New episodes touchdown right here! And if you're loving the playbook, drop us a 5-star rating and leave a review. Your feedback drives the game!

Our special guest is Professor Lawrence Kotlikoff, economics professorat Boston University and ranked by The Economist magazine as one ofthe world's 25 most influential economists. Larry is also thepresident of Economic Security Planning, Inc. and the founder ofMaximize My Social Security and MaxiFi.We spoke about different investment strategies, ways for governmentsto grow their GDP in order to fund their unfunded liabilities, someinteresting solutions to the healthcare costs crisis, ways in whichtechnology can create prosperity and a lot more.To learn more about professor Kotlikoff, visit:Kotlikoff.netLarrykotlikoff.substack.comMaximizemysocialsecurity.comMaxifi.comApple Podcast: https://tinyurl.com/36u8fmbrSpotify Podcast: https://tinyurl.com/4zv6syfcHardcorefinanceshow.comFollow us on Twitter@MrEBITDA@ShimonLazarovSupport the show

In today's episode, Shimon discusses the recent Silicon Valley bank debacle, the response from the federal reserve, and what it means for the price of Bitcoin and stocks. Are we about to see a large amount of money printing or will the federal reserve be able to sustain interest rates at high levels?  Our special guest is Professor Lawrence Kotlikoff, economics professor at Boston University and ranked by The Economist magazine as one of the world's 25 most influential economists. Larry is also the president of Economic Security Planning, Inc. and the founder of Maximize My Social Security and MaxiFi.  We spoke about the fiscal gap in the USA, The USA vs China in the 21st century, Social Security, and a lot more. Kotlikoff.netLarrykotlikoff.substack.comMaximizemysocialsecurity.comMaxifi.com Apple Podcast: https://tinyurl.com/36u8fmbr Spotify Podcast: https://tinyurl.com/4zv6syfc Hardcorefinanceshow.com  Follow us on Twitter @MrEBITDA @ShimonLazarovSupport the show

As politicians and pundits wring their hands over the debt ceiling, the economist and Boston University professor Laurence Kotlikoff, PhD '77, says the United States is already bankrupt. He calculates the health care and pension obligations to the country's rapidly aging population in the many trillions of dollars, far outpacing tax revenue in the coming decades. And he says economic growth won't save us. But he claims to have a few proposals that may, as well as some advice about personal investing, saving, and spending in uncertain times. 

As we look forward to 2023, the health of the domestic economy remains a concern as high costs linger, hiring slows, and salaries stagnate. Many industries in the United States and abroad have increased costs due to supply chain issues and other factors, leading to some of the highest inflation in recent memory. In this episode Doug Most and Laurence Kotlikoff discuss inflation and the changing economic landscape, domestically and globally. For the transcript for this episode, visit: https://www.bu.edu/article/2022/how-will-inflation-affect-the-economy-in-2023/Learn more about Kotlikoff's research here: https://www.bu.edu/econ/profile/laurence-j-kotlikoff/https://kotlikoff.net/Never miss an episode. Subscribe to Question of the Week anywhere you listen to podcasts. Spotify: https://spoti.fi/2WlduO7Apple Podcasts: https://apple.co/3zdVGCx

We're fixing America's current Social Security problems with a fresh approach from Dr. Laurence Kotlikoff. Tune in to learn about Dr. Kotlikoff's proposed solution with a breakdown and explanation of how various aspects like retirement age, life expectancy, and taxes all have a significant role in his approach.

Jason Hartman invites Laurence Kotlikoff, Professor of Economics and NY Times Best Selling author of Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, to the show today. Are the United States' long term fiscal problems solvable? How HIGH would federal taxes have to increase to pay for our spending? Could we fix the system with healthcare reform? What will be the economic consequences of Russia's war with Ukraine? Jason Hartman and Laurence Kotlikoff discuss the outlook for the future and much more, including unfunded mandates, debt vs. GDP, tax hikes, why NOT to borrow to pay for college and what to do in times of economic uncertainty. Key Takeaways: 0:43 Welcome Laurence Kotlikoff, Professor of Economics and NY Times best-selling author 1:22 What are unfunded mandates? 2:34 Official and unofficial liabilities 3:07 Debt vs GDP 5:00 We need a sizable tax hike to fund social security benefits 7:52 Tax brackets and government benefit programs 9:28 Could we fix the system with healthcare reform? 15:55 Money printing puts pressure on prices 16:30 Kotlikoff on inflation and hyperinflation 19:28 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy? 21:56 The humanitarian and economic consequences of war 23:32 Stock market risk 24:33 Tips from Kotlikoff's new book: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life 25:43 Don't borrow for college: it's a scam 28:41 Strategies to protect yourself in times of uncertainty 30:33 Find Laurence at Kotlikoff.net and final thoughts on Russia/Ukraine conflict 32:00 Government borrowing rates   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Jason Hartman invites Laurence Kotlikoff, Professor of Economics and NY Times Best Selling author of Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, to the show today. Are the United States' long term fiscal problems solvable? How HIGH would federal taxes have to increase to pay for our spending? Could we fix the system with healthcare reform? What will be the economic consequences of Russia's war with Ukraine? Jason Hartman and Laurence Kotlikoff discuss the outlook for the future and much more, including unfunded mandates, debt vs. GDP, tax hikes, why NOT to borrow to pay for college and what to do in times of economic uncertainty. Key Takeaways: 1:00 Welcome Laurence Kotlikoff, Professor of Economics and NY Times best-selling author 1:57 What are unfunded mandates? 3:09 Official and unofficial liabilities 3:42 Debt vs GDP 5:35 We need a sizable tax hike to fund social security benefits 8:27 Tax brackets and government benefit programs 10:03 Could we fix the system with healthcare reform? 13:30 Money printing puts pressure on prices 17:05 Kotlikoff on inflation and hyperinflation 20:03 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy? 21:31 The humanitarian and economic consequences of war 24:07 Stock market risk 25:08 Tips from Kotlikoff's new book: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life 26:18 Don't borrow for college: it's a scam 29:16 Strategies to protect yourself in times of uncertainty 31:08 Find Laurence at Kotlikoff.net 31:26 Final thoughts on Russia/Ukraine conflict 32:35 Government borrowing rates   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Economists study the way the production and distribution of goods, products, and services affects the free. Conscious and modern economists are now applying this financial analysis to global warming and the effect on climate change. Economist Laurence "Larry" Kotlikoff has written, spoken, and advocated for the climate for most of his career, including in front of U.S. Congress. Ranked as one of the top 25 World's Most Influential Economists by The Economist Magazine, Kotlikoff is well informed and well respected in his field.   Larry has an impressively long list of credentials as heard in his bio. He's written many articles and papers, and has co-authored research papers with other top economists. Topics of these articles, many of which can be found at the National Bureau of Economic Research, include carbon taxing, the Paris Accord, and other climate crisis topics.   In this episode, Larry discusses the generational solution of climate change, carbon taxation, the current War on Ukraine and it's economic impact. Larry suggests with energy prices far higher than we are accustomed to, we are currently experiencing what a price on carbon feels like, without the dividend.   For more from Larry Kotlikoff: Substack - https://larrykotlikoff.substack.com/ Book - Money Magic Upside Investing on Forbes MaxiFi Planner Kotlikoff's Website - Economic Security Planning Inc

Jason Hartman invites Laurence Kotlikoff, Professor of Economics and NY Times Best Selling author of Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, to the show today. Are the United States' long term fiscal problems solvable? How HIGH would federal taxes have to increase to pay for our spending? Could we fix the system with healthcare reform? What will be the economic consequences of Russia's war with Ukraine? Jason Hartman and Laurence Kotlikoff discuss the outlook for the future and much more, including unfunded mandates, debt vs. GDP, tax hikes, why NOT to borrow to pay for college and what to do in times of economic uncertainty. Key Takeaways: 0:43 Welcome Laurence Kotlikoff, Professor of Economics and NY Times best-selling author 1:22 What are unfunded mandates? 2:34 Official and unofficial liabilities 3:07 Debt vs GDP 5:00 We need a sizable tax hike to fund social security benefits 7:52 Tax brackets and government benefit programs 9:28 Could we fix the system with healthcare reform? 15:55 Money printing puts pressure on prices 16:30 Kotlikoff on inflation and hyperinflation 19:28 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy? 21:56 The humanitarian and economic consequences of war 23:32 Stock market risk 24:33 Tips from Kotlikoff's new book: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life 25:43 Don't borrow for college: it's a scam 28:41 Strategies to protect yourself in times of uncertainty 30:33 Find Laurence at Kotlikoff.net and final thoughts on Russia/Ukraine conflict 32:00 Government borrowing rates   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Tangent alert right off the bat! Coco must have been a cow in her past life because she moos like one! Today, Jason welcomes economist Laurence Kotlikoff as they talk about the US government's $220 TRILLION debt, it's UNFUNDED mandates and the consequences it will have on our economy. Watch Jason's video interview HERE. But don't tell Laurence he went to a Trump rally in Mar-a-Lago, and that he got to shake hands with "the Donald!"  Jason then shares a chart showing the history of inflation rates versus mortgage rates.  Here are the Jason Hartman Giveaway winners - week of April 4, 2022. Thank you to everyone who participated! Leave comments on Jason's YouTube Channel and reviews for The Creating Wealth Show for more chances to win weekly gift card giveaways! Claim your prize within 30 days at JasonHartman.com/ask.  YouTube - All Nighter Heider Creating Wealth Show Podcast - Irma A. Key Takeaways: Jason's editorial 1:54 Introducing today's guest, Laurence Kotlikoff 4:17 Mar-a-Lago event 6:32 Mortgage interest rate prediction 10:40 Raffle winners 12:12 A massive shortage of conspiracy theories 13:43 Monthly supply of houses in the US Laurence Kotlikoff Interview 17:05 Welcome Laurence Kotlokoff 18:02 What are unfunded mandates? 19:14 Official and unofficial liabilities, Debt vs GDP 21:41 We need a sizable tax hike to fund social security benefits 24:31 Tax brackets and government benefit programs 26:07 Could we fix the system with healthcare reform? 32:36 Money printing puts pressure on prices 36:08 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy? 38:35 The humanitarian and economic consequences of war 40:12 Stock market risk, and tips from Kotlikoff's new book: Money Magic 42:26 Don't borrow for college: it's a scam 45:21 Strategies to protect yourself in times of uncertainty 47:12 Find Laurence at Kotlikoff.net and final thoughts on Russia/Ukraine conflict 48:39 Government borrowing rates   Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund Free Report on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect  Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron What do Jason's clients say?  http://JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com  Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee  

On this week's episode, Ben and Nathan interview Harvard-trained economist Laurence J. Kotlikoff! But first, the guys answer a bucketload of listener emails about LSAT strategies, law school admissions, undergraduate majors, GPAs, and more. This episode is chock full of advice for students at any stage of the LSAT and law school application process. As always, if you like the show and you want to get more from the Thinking LSAT community, check out the links below. You can connect with other folks studying for the LSAT and get more useful resources from Nathan and Ben. LSAT Demon LSAT Demon Daily Thinking LSAT YouTube LSAT Demon YouTube Important Dates 3.3.2022 — February LSAT scores released 3.11.2022 — March LSAT begins 3.16.2022 — April LSAT Registration Deadline 4.29.2022 — April LSAT Begins 3:09 - Breaking 170 6:09 - Reading Comprehension Advice 12:07 - Logical Reasoning Strategy 17:56 - Live Classes 23:04 - Scholarship Correction Email 25:05 - Retake and Reapply? 34:34 - 173 by April? 45:54 - GPA Addendum 50:18 - Using All Your LSAT Attempts 53:23 - Choosing Your Major 1:00:16 - Interview with Economist Laurence J. Kotlikoff Read more on our website!

Ben and Nathan interview economist and New York Times best-selling author Laurence Kotlikoff. Tune in to hear their advice on setting yourself up for financial success after law school. Nathan recommends checking out Prof. Kotlikoff's book Money Magic—specifically the chapter titled “Don't Borrow for College.” Email daily@lsatdemon.com with questions or comments.

2/7/22 - Economics Professor Laurence J. Kotlikoff by The Lisa Wexler Show

Retirement planning entails a series of important decisions, including lifestyle decisions with long-lasting consequences. My guest today, economist Larry Kotlikoff, discusses his new book, Money Magic: An Economist's Secrets to More Money,Less Risk, and a Better Life, and how to make smarter lifestyle decisions by understanding the true price tags for each of them. See below for Larry Kotlikoff's full bio and links to learn more. _________________________ Retirement Wisdom is partnering with One Day University to bring you a FREE live-streamed talk with renowned Amherst Professor Catherine Sanderson, on January 18th, at 7 pm ET | 6pm CT | 4 pm PT. Professor Sanderson will present a live-streamed, one-hour version of her most popular course, Positive Psychology: The Science of Happiness, including time for Q&A in real-time. If you can't tune in live, everyone who RSVPs will receive a link to watch the class anytime they want. To RSVP today for this free class, just visit: www.onedayu.com/retirementwisdom __________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute.Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. His website is Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts,

Welcome to season 4 of the Simplify Your Retirement Podcast! Season 4 will be packed with exciting guests, and popular FAQ's Stephen gets from clients.   In part one of this two-part interview, Stephen Stricklin is joined by Laurence Kotlikoff, a Professor of Economics at Boston University and a best-seling author. They discuss Kotlikoff's brand-new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A magician isn't smarter than anyone else, he just happens to learn something that he can convey in a way that surprises people. Laurence's goal is just that – to share what he's learned in an unconventional and entertaining way that will transform your financial thinking and show you how to improve your financial future. He shares snippets from his book such as: Why he decided to become an Economist rather than a doctor, why students should consider not borrowing for college, finding a job you love but others hate, among other things.  Laurence discusses: Why he decided to become an Economist instead of a doctor Discusses his latest book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life” Why he has a chapter in his book on not borrowing for college.  Thinking about those who don't graduate or even go to college. What are they going to do? Having a smooth living standard over your lifetime. And more Resources: https://simplifyyourretirement.com Season 1 Season 2 Season 3 Larry's original Episode: S2 Ep3 Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.

Laurence Kotlikoff harnesses the power of economics and advanced computation to deliver a host of spellbinding, but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you're making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like: How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope). How to buy a superior education on the cheap and graduate debt-free. Why it's smarter to cash out your IRA to pay off your mortgage. Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket. Money Magic's most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning—the fruit of a century's worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning. Bio: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. In this episode of Trend Following Radio: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence share some of the secrets to maximizing your social security. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Laurence Kotlikoff is a Professor of Economics at Boston University and author of the forthcoming book, MONEY MAGIC: An Economist's Secrets to More Money, Less Risk, and a Better Life. We discuss the differences between an economist's approach to financial planning versus Wall Street's. Kotlikoff shares unconventional wisdom, such as the benefit of paying off your mortgage with your IRA in retirement, how some professions are better to pursue in terms of lifetime earnings (clue: it's not medicine) and why delaying retirement by just two years can enhance financial security. More about Laurence: He is Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. Professor Kotlikoff has written 20 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author and a frequent television and radio guest. His columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, Yahoo.com, Fortune, and other major publications. In 2014, The Economist named him one of the world's 25 most influential economists. Learn more about his work and find additional resources by visiting his website here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

MONEY MANAGEMENT EDITION   When you retire, what will Social Security be like?    American citizens have lost hope that there will be anything to see. In a Gallup poll conducted in 2021, 43% of respondents said they were concerned about Social Security. According to a study conducted by the same firm, 38% of respondents believe that Social Security is going to be their biggest source of income at retirement.   Can you imagine how Social Security will look in the future? Should workers be concerned?   Many younger workers are concerned that, when they retire, they won't be able to collect social security. While they have contributed to the retirement system for years, they fear that when they retire, they won't have any money left.  In the Social Security Trustees' annual report released in April 2020, the trustees noted the potential for social security to become insolvent within 15 years. Moreover, the current COVID-19 pandemic is probably depleting reserves, too.    With such reports, it is inevitable for American workers to fear what the future holds. But for bestselling author and Boston University professor, Laurence Kotlikoff, it is important to understand social security, prepare for the future, and more.    Join us and as Prof. Kotlikoff discusses the importance of understanding social security and how the system works and what we can look forward to in the future with hosts wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week's episode of The Free Retiree Show.   To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.   The Free Retiree Show Podcast Page   Honor to be mentioned in the FeedSpot TOP 20 RETIREMENT PODCAST OF 2021

MONEY MANAGEMENT EDITION   When you retire, what will Social Security be like?    American citizens have lost hope that there will be anything to see. In a Gallup poll conducted in 2021, 43% of respondents said they were concerned about Social Security. According to a study conducted by the same firm, 38% of respondents believe that Social Security is going to be their biggest source of income at retirement.   Can you imagine how Social Security will look in the future? Should workers be concerned?   Many younger workers are concerned that, when they retire, they won't be able to collect social security. While they have contributed to the retirement system for years, they fear that when they retire, they won't have any money left.  In the Social Security Trustees' annual report released in April 2020, the trustees noted the potential for social security to become insolvent within 15 years. Moreover, the current COVID-19 pandemic is probably depleting reserves, too.    With such reports, it is inevitable for American workers to fear what the future holds. But for bestselling author and Boston University professor, Laurence Kotlikoff, it is important to understand social security, prepare for the future, and more.    Join us and as Prof. Kotlikoff discusses the importance of understanding social security and how the system works and what we can look forward to in the future with hosts wealth manager Lee Michael Murphy and career advisor Sergio Patterson. Tune in to this week's episode of The Free Retiree Show.   To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.   The Free Retiree Show Podcast Page   Honor to be mentioned in the FeedSpot TOP 20 RETIREMENT PODCAST OF 2021

Dr. Larry Kotlikoff is the foremost expert in the world on fiscal gap accounting and has done a great job transforming how we should be thinking about a nation's debt. Dr. Kotlikoff recently stated during an interview that most retirement planning is wrong.  According to Dr. Kotlikoff, the basic problem with financial planning is that the goal of our life is not to accumulate wealth so that people can charge us fees on our assets. It's about having the best lifestyle we can, given our resources, so we don't end up on the street if the market crashes or we live to be 100 years old. You don't necessarily need to pay someone to manage your assets, but it can be worthwhile to have someone help you stick to your objectives. Most people without a financial advisor participate in emotionally driven investing, which is why the average investor's returns suffer. Saving for retirement is a requirement in consumption smoothing, but there is an optimal amount to save. Once you know what you have, you know what you can spend. Part of the job of a good financial planner is helping you reverse engineer what you need to create the lifestyle you want in retirement. This is where the Power of Zero paradigm deviates from mainstream financial planning. You have to get the tax part of the equation right. It's not enough to know what you should be saving, because if you execute that plan in your tax-deferred bucket and watch as tax rates rise over time, you'll find that your financial plan only delivers about half what your lifestyle needs. You need to contribute the right amount of money into the right kinds of accounts. Dr. Kotlikoff feels the stock market is overvalued and dependent on the Federal Reserve's support to maintain its levels. Market timing is tricky at the best of times. Statistically, it's nearly impossible to do. Over the course of a given year, that 80% of the rise in the market occurred on 6-8 days and you have to predict exactly which days those are going to be.  If you can guarantee your lifestyle expenses with your Social Security, pension, and/or a guaranteed lifetime income annuity, you can take much more risk in the market.  A good rule of thumb if you need to dip into your assets during a down year is to take money out of your LIRP instead of your stock market portfolio. Dr. Kotlikoff recommends that you push off taking Social Security for as long as you can to mitigate longevity risk. The key here is predicting how long you are going to live. The worst thing that can happen to you is push it off until age 70, and then die at age 71. The best way to predict how long you are going to live is to go through the LIRP underwriting process. When an underwriter accepts you, they are basically betting that you are going to live a long, healthy life, and you can use that to push Social Security off as long as possible. Is paying off your mortgage early smart? The question we should be asking is whether we “should take money that could be invested in the stock market or pay off a mortgage early?” When you look at the arbitrage between the market and your mortgage, the math doesn't add up. Converting money to an IRA has to be done over a period of time to avoid paying more taxes than necessary. We are in a rising tax rate environment, so it makes sense to take advantage of today's historically low tax rates, but it has to be done systematically. You shouldn't be drawing Social Security during your conversion period because it will cause Social Security taxation and lock you into a lower amount. There are secrets to all stages of the life cycle. When you're young, stay home to save on housing costs and don't borrow for college if there is a reasonable likelihood you might drop out. Invest more in stocks as you age in retirement, especially if you have your lifestyle needs guaranteed already. Mentioned in this Episode: Medicine's Golden Age Is Dawning. 10 Stocks to Play the Latest Innovations. - barrons.com/articles/medicine-healthcare-stocks-roundtable-51632527474

Today's Flash Back Friday comes from Episode 265, originally published in June 2012. Jason Hartman hosts Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect  What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations.

MONEY MANAGEMENT EDITION   “I'm still young!    Isn't it too early to plan for retirement when I haven't even settled in my career??”   Let us answer that. It's NEVER too early to plan for retirement.   Being aware of your current financial status and expenses is important. Why?    With everything that's happened in the last couple of years, people have a lot of concerns.    Numerous laws have been signed, expired, and signed again to help out with numerous families that were affected by the pandemic. Jobs are lost, employees were laid off, and more people are working on multiple jobs to make ends meet.    At this point, it is impossible to know how the economy will be like in the next couple of years. Are we about to face another recession caused by the pandemic? Will the economy pick it up?   For Prof. Laurence Kotlikoff, it is important to plan for your retirement to overcome the threats facing the US economy. Prof. Kotlikoff is a Professor of Economics at Boston University and is a New York Times best-selling author. In 2014, The Economist named him one of the world's 25 most influential economists. His company, Economic Security Planning Inc, aims to preserve and raise families' living standards with powerful, cutting-edge software.   Join us on The Free Retiree Show as Prof. Laurence Kotlikoff discusses how to plan for your retirement to overcome the threats facing the US economy. With hosts, wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matthew McElroy.   To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.   The Free Retiree Show Podcast Page   Honor to be mentioned in the FeedSpot TOP 20 RETIREMENT PODCAST OF 2021

Laurence Kotlikoff, a Professor of Economics at Boston University, joins T. J. O'Hara, host of Deconstructed, to examine the past and present economic policies of our Nation. Dr. Kotlikoff is the author of 18 books on economics and is an active columnist for a myriad of publications including Bloomberg, The Economist, the Financial Times, Forbes, and The Wall Street Journal. He is extremely knowledgeable in the area of political economics having run for president in 2012 and 2016 as well as having testified before Congress on nearly 20 occasions. Dr. Kotlikoff shares his opinion of what the Trump Administration did right, and what it did wrong with regard to its economic policy. He also provides the insight into what positive changes the Biden Administration has made, and what changes might result in more adverse consequences. T. J. asks about the impact of the pandemic, and Dr. Kotlikoff responds in great detail. He praises the Trump Administration for its role in accelerating the development of COVID-19 vaccines as well as the Biden Administration for its role in successfully orchestrating the distribution of those vaccines. Then, he does a deep dive into the influence the pandemic and its associated political decisions have had on the economy. He shares his well-informed opinion about the fundament ways in which businesses and educational institutes will have to change, the different recovery paths that are facing displaced workers (at-home versus on-site), and the challenge of providing for the unemployed while not disincentivizing them to re-engage in the job market. Dr. Kotlikoff discusses the initial efficacy of providing a stimulus checks as well as the future threat that may be posed by continuing down that path. T. J. asks him to address the burgeoning national debt, and Dr. Kotlikoff shares his perspective of how the recovery should be funded as opposed to the way that is being suggested. He also warns of the burden that is being shifted to future generations and why that may not be sustainable. The two also explore how to improve the healthcare system, what to do about student debt, and whether raising the federal minimum wage makes sense at this time. Even the 15 percent minimum corporate tax proposed at the most recent G7 Summit is dissected. As the pièce de résistance of the interview, T. J. queries his old friend about Modern Monetary Theory. Dr. Kotlikoff's answer is a “must hear” moment. Listen and learn.

In Prosperity in the Age of Decline, the authors are predicting that 2030 will be the opening year of the greatest depression since 1930. Dr. Kotlikoff believes that it might not wait until 2030. China is already beginning to overtake the US in terms of GDP. By the end of the century, the US will no longer be the dominant economic superpower. It's not looking good in terms of projection. For a depression to occur, there would usually have to be an event or collapse beforehand, which is definitely possible. There are too many examples of hyperinflation over the course of history for the proposition that we can just print our way out of our problems to be true. There is still time to correct our mistakes. We need an independent party to run and expose Americans to the truth of the fiscal condition of the country. One of the problems we are dealing with right now is the marginal taxation of the poorest Americans. Roughly 25% of the poor are facing marginal taxes of .70 on the dollar. We need an incentive system that helps people instead of punishing them. There isn't much political will to change things. Dr. Kotlikoff wrote a bill to force the CBO to do fiscal gap accounting each year and it only garnered the support of eight senators. To right the ship of state, we need to broaden the tax base. Dr. Kotlikoff suggests putting everybody into a 30% marginal tax bracket while incorporating a progressive system so that the poor are differentially helped. With a few other tax structures and some reform of the welfare programs, it would be possible to get the fiscal gap under control. Reforming healthcare should be a major focus. If we could reduce the spending on healthcare to only 14% of GDP, the US would still have a very good healthcare system and be able to reduce spending considerably. Politicians need to be honest about the fiscal condition of the country if there is ever going to be momentum to change. There are a number of ideas being floated that can help reform healthcare and other social programs, but as the years go on, the options become slimmer. Politicians need to get out of the way and let economists propose solutions that can actually help people. Economics brings an entirely different way to bring financial planning to the table when compared with the industry, which is heavily focused on selling more products. Dr. Kotlikoff has a financial planning software tool you can access at maxify.com to help ensure a smooth retirement.

Lawrence Kotlikoff, an economist and the founder of Maxifi.com, says that the current increase in inflation is nothing compared to what he fears is coming, which he said could be several years of the high single digits all the way up to hyperinflation levels. Kotlikoff says that investors need to factor what inflation will do to the ability of their financial nest egg to maintain purchasing power and fund a lengthy retirement. Also on the show, Leo Leydon of Financial Focus Advisory Services discusses technical analysis, noting that the market is looking like it is in a sideways pattern that could last for the summer, and David Snowball of MutualFundObserver.com talks mutual funds and notes that one hot, popular fund company looks to him like a train wreck that's on the track with unavoidable damage dead ahead.

Last week, Cornell University became the latest in a growing pool of higher education institutions to announce that COVID-19 vaccinations will be required for students to return to campus. “Medical and religious exemptions will be accommodated, but the expectation will be that our campuses and classrooms will overwhelmingly consist of vaccinated individuals, greatly reducing the risk of infection for all,” according to a statement from President Martha E. Pollack and Provost Michael I. Kotlikoff. Rutgers University, which also recently announced a vaccine requirement, will provide exceptions. Students taking online courses will not be required to be vaccinated. Legal experts generally expect that colleges and universities can safely require students to be vaccinated, but there are a couple caveats. For one thing, the vaccines are under emergency use authorization, and access could be an issue— but by fall, these same vaccines could also receive full approval.  Today on AirTalk, we’re learning more about what vaccine requirements for colleges and universities could look like. We’ll also take a look at what local schools are considering. Questions? Give us a call at 866-893-5722. Guests: Luoluo Hong, associate vice chancellor for student affairs & enrollment management for the California State University (CSU); she tweets @Luoluo_Hong Dorit Reiss, professor of law at UC Hastings, where her areas of expertise include vaccine law and policy, and a member of The Vaccine Working Group on Ethics and Policy, an independent, not-for-profit project that was formed to address key policy challenges associated with the testing and distribution of vaccines intended to prevent Covid-19 transmission in the United States; she tweets @doritmi Robert Turner Schooley, infectious disease specialist and co-lead of UC San Diego’s COVID-19 management program

This fall, Cornell University invited all students back to campus. Out of roughly 28,000 people on campus including students, faculty and staff, the school has seen only 100 positive tests. Provost Dr. Michael Kotlikoff talks with Stephanie Desmon about Cornell’s success which includes robust testing in an on-site lab, contact tracing, and a strategy called “adaptive testing” where tracers work to identify how people who test positive may have been exposed and then test those people and their contacts to break potential transmission chains before they start.

David Walker has been saying that tax rates are going to have to double since 2008. We didn’t do that. So that means the national debt will continue to accumulate until we reach $53 trillion, at which all the money flowing into the Treasury will only be enough to pay the interest on the debt. Many people other than David Walker are starting to speak about the future of tax rates as the national debt continues to skyrocket. Ray Dalio has said that the US will have little choice but to raise taxes in the coming years to offset its mounting liabilities and debt. In many ways we are looking at a currency problem, not just a debt problem. Leon Cooperman believes that no matter who wins in the coming November election, taxes are on the way up, and the coming tax revamp is going to change capitalism forever. The only variable is how high and how fast tax rates will go up. Leon spoke favourably in the past about the tax cuts implemented by President Trump and why the wealth tax proposed by Nancy Pelosi is pretty much impossible to implement, let alone being unconstitutional. Ed Slott believes that there is a good chance that tax rates will go up before 2026. Should Joe Biden get elected, the tax sale may very well come to an end earlier than expected. Larry Kotlikoff, one of the most famous accountants in the world, is recommending that people implement the Power of Zero principles for their clients. The cost of converting a portion of your stock market portfolio will be lower today than at any other point in your lifetime. There are a few good reasons not to buy municipal bonds in general, but Larry offers another reason. Larry Swedroe echoes much of what Larry Kotlikoff has said. Whatever party is in power, we are likely to see a significant increase in taxes before 2026. More and more experts are seeing the writing on the wall and saying that we will have to endure higher taxes in the near future. Even the most skeptical of experts are coming around and are realizing what’s happening. You must take on a sense of urgency when it comes to your taxable buckets. If you still have money above and beyond the optimal amount in your taxable bucket, you are exposing yourself to some serious risks. You’re much better off paying taxes now than later.

"The near-nationwide lockdown intended to slow the spread of COVID-19 has created “a perfect macroeconomic storm” that's put the U.S. on track for a depression worse even than the Great Depression — it is therefore “idiotic exuberance” to invest in the market now" -Boston University economics professor Laurence Kotlikoff in an interview with ThinkAdvisor. Kotlikoff, who in 2014 was named by The Economist one of the world's 25 most influential economists, floats a plan for reopening the U.S. economy: Director of the Fiscal Analysis Center, Kotlikoff served on President Ronald Reagan's Council of Economic Advisors and as a consultant to the International Monetary Fund, the World Bank, the U.S. Education Department and the U.S. Labor Department, among other organizations and governments. To find out more about Laurence Kotlikoff visit:  https://kotlikoff.net/ Or https://www.thinkadvisor.com/2020/04/24/kotlikoff-weighs-in-should-cash-strapped-seniors-claim-social-security-early/ More about Houston Money Week visit: www.Houstonmoneyweek.org http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3  http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #moneymatters #christopherhensley #houston #texas #KPFT #HoustonMoneyWeek #finance #financialliteracy #education

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved. They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [1:47] The most recent number the unfunded mandates are going to cost [8:42] Does Laurence believe in Supply-Side Economics? [11:51] Consuming your way to prosperity has never worked before and won't now [15:10] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession [18:54] Laurence's take on Jason's 6 ways the government can get out of its hole [24:25] Is the future inflationary? [25:52] What do we need to do to plan for the future? [32:10] How much time it takes to input your data into Maxifi [35:46] Many people are saving too much for their later life because they're scared Website: www.JasonHartman.com/Properties www.Maxifi.com www.Kotlikoff.net www.PurplePlans.org Jason Hartman's Real Estate Investor Update Alexa Skill

Boston University's Dr. Lawrence Kotlikoff is an economist and one of America's foremost experts on our Social Security system. He gives us some ideas on how to maximize your money that goes into the system so you are not short changed when it's time to retire.

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved. They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [1:29] The most recent number the unfunded mandates are going to cost [8:24] Does Laurence believe in Supply-Side Economics? [11:33] Consuming your way to prosperity has never worked before and won't now [14:52] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public's response to the start of the Great Recession [18:36] Laurence's take on Jason's 6 ways the government can get out of its hole [24:07] Is the future inflationary? [25:34] What do we need to do to plan for the future? [31:52] How much time it takes to input your data into Maxifi [35:28] Many people are saving too much for their later life because they're scared Website: www.JasonHartman.com/Properties www.Maxifi.com www.Kotlikoff.net www.PurplePlans.org Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman and Doug start today's show looking at how much money the average 20, 30, 40, 50 and 60 year olds have in their retirement savings. There's a discrepancy that can be frightening. Then Jason finishes his conversation with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [4:29] You need to think about how much you're saving for retirement as well as how you're saving for retirement [8:21] The current average savings for those in their 30s [11:19] Amortization is beautiful because it just happens, there's nothing for you to do [14:14] Your 40s presents both a danger and an opportunity for your retirement savings Laurence Kotlikoff, Part 2 [18:31] Is the future inflationary? [19:58] What do we need to do to plan for the future? [26:16] How much time it takes to input your data into Maxifi [29:52] Many people are saving too much for their later life because they're scared Website: www.JasonHartman.com/Properties www.Maxifi.com www.Kotlikoff.net www.PurplePlans.org Jason Hartman's Real Estate Investor Update Alexa Skill

Jason Hartman and Doug start today's show looking at how much money the average 20, 30, 40, 50 and 60 year olds have in their retirement savings. There's a discrepancy that can be frightening. Then Jason finishes his conversation with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don't make when factoring in their savings. Key Takeaways: [4:29] You need to think about how much you're saving for retirement as well as how you're saving for retirement [8:21] The current average savings for those in their 30s [11:19] Amortization is beautiful because it just happens, there's nothing for you to do [14:14] Your 40s presents both a danger and an opportunity for your retirement savings Laurence Kotlikoff, Part 2 [18:31] Is the future inflationary? [19:58] What do we need to do to plan for the future? [26:16] How much time it takes to input your data into Maxifi [29:52] Many people are saving too much for their later life because they're scared Website: www.JasonHartman.com/Properties www.Maxifi.com www.Kotlikoff.net www.PurplePlans.org Jason Hartman's Real Estate Investor Update Alexa Skill

On Episode 466 of Radical Personal Finance, I discussed the idea of the US Government's certain default on its stated obligations and commitments by referencing Professor Lawrence Kotlikoff's Congressional testimony on this subject. After that show, my friend David Stein (host of Money for the Rest of Us) emailed me to tell me that I was wrong. :) So, I invited him on the show to debate it with me. Enjoy! Joshua Here's the previous show on Kotlikoff's work: https://radicalpersonalfinance.com/the-usas-long-term-fiscal-gap-and-why-it-matters-to-you-americas-fiscal-insolvency-and-its-generational-consequences-by-professor-laurence-kotlikoff/ Please support RPF on Patreon: www.radicalpersonalfinance.com/patron

Dr. Laurence Kotlikoff and Michael Oliver return. Kotlikoff recently opined that given $200 trillion of U.S. national debt, the U.S. is in worse financial shape than Russia, China or any developed nation. Unlike most proponents of fiscal rectitude, Professor Kotlikoff proposes an answer that could help Americans to better prepare for the future. But there is a problem with his proposal. It requires politicians to suddenly tell the American people the truth which would most certainly mean the end of their political careers. How serious is America's financial problem? What does Laurence propose to rectify it? What happens if the problem isn't fixed while the people remain unaware of it? Was Eisenhower right in suggesting financial weakness may lead to geopolitical insecurity? Those questions and more will be asked of Dr. Kotlikoff. With more time than usual for Michael we will ask him to update us regarding his major market plate tectonics.

Harvard-trained economist Dr.  Laurence Kotlikoff has been recently selected into the ranks of the top 25 economists in the world. On today's show Dr. Kotlikoff will share with use his view of foreign policy and trade under the Trump administration.  I suspect that it is not what we want to hear, but what we must hear to understand the dire condition this country is actually in.  Today, we learned that we experienced the largest trade deficit in years.  Watch out fokes, it ain't going to be pretty.  Call in with your questions, or comments, during our live broadcast 646-652-4620.  Look forward to hearing from you.

Last month, Donald Trump proposed slashing taxes for both individual taxpayers and businesses. His plan, sketched out in a one-page statement given to reporters in late April, provided few details and didn’t explain how the tax cuts would be financed. The House – led by Speaker Paul Ryan – has its own ideas about tax reform, as does the Senate. There are a lot of unknowns. Which cuts will prevail? How will Congress decide? On this episode of The Lange Money Hour, CPA and Attorney Jim Lange welcomes back Laurence Kotlikoff. Kotlikoff is a renowned economics professor, columnist, and bestselling author. His recent WSJ op-ed piece indicates that he believes that the House plan is better for the economy than the Trump plan. Jim and Larry will discuss the specifics of each proposal, how they might affect you as a taxpayer and investor – and how you can prepare for the future. They’ll cover topics like: • The nuts and bolts of the House and White House plans, and why Larry thinks one is better than the other. • Whether he believes Trump and members of Congress truly understand tax issues well enough to make wise decisions. • What impact tax reform is likely to have on the deficit. • What Larry would do differently if he could propose a tax plan of his own. • If taxes fall under Trump, is it reasonable to assume they’ll go back up in the years ahead? • Do these tax fluctuations make it a good time to do a Roth IRA conversion? The audio will also be archived on our web site at www.paytaxeslater.com/radioshow.php, along with a written transcript. *All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment strategy or plan will be successful. Investment advisory services offered by Lange Financial Group, LLC.

Laurence J. Kotlikoff is a William Fairfield Warren Professor,at Boston University.  He is a Professor of economics and has recently been awarded a standing as one of the top 25 economist in the world.  We are certainly honored that he has accepted our invitation to return to our show.  We may touch on a variety of subjects, but we will start with the healthcare crisis and his opinion of a totally free market healthcare system.  Listen in and call in with your questions, or comments, 646-652-4620.  Look forward to hearing from you.

And is the biggest Ponzi scheme in the world. In fact, it's experiencing a $32 trillion shortfall right now. This swindle was sold to good, unsuspecting, God-fearing, salt-of- the earth, trusting Americans who thought their government was always going to take care of them. Just like most Ponzi scheme's the first in usually come out fine. However, you and I are going to get the short end of the stick. The house of cards is starting to fall and very close to crashing down. In fact, VERY soon. Some experts suggest it could be the financial KO punch that will bankrupt innocent Americans. Have you guessed it yet? Social Security. Laurence Kotlikoff, a Boston University economics professor says this: "We're not broke in 20 years to 30 years; we're broke now," Kotlikoff said. "All the bills have been kept off the books by Congress and presidential administrations for six decades." This concept needs to be taken behind the barn and shot. Retirement support you thought you had years ago is becoming to look bleaker. The time is now to learn how to start making your money work for you and keep it out of harms way. If you want to learn an easy to implement approach that can help you generate 7% - 15% return with one trade in just 30 minutes a week. You're going to want to pick up this course today: https://sizzle.samcart.com/products/WOTIS To your wealth, freedom and options! Joshua Belanger

We are honored that Professor Laurence J. Kotlikoff has accepted our invitation to be on our show.  He is a William Fairfield Warren Professor and a Professor of Economics at Boston University, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and the Director of the Fiscal Analysis Center. Professor Kotlikoff is a NY Times Best Selling author and an active columnist which have appeared in The New York Times, The Wall Street Journal, The Financial Times, the Boston Globe, Bloomberg, Forbes, Vox, The Economist, Yahoo.com, Huffington Post and other major publications. In addition, he is a frequent guest on major television and radio stations. In 2014, he was named by The Economist as one of the world's 25 most influential economists. He is with us today to discuss his latest book "Get What's Yours, The Secrets of Maxing Out Your Social Security". 

Learn the secrets to maximizing your Social Security benefits and earn up to thousands of dollars more each year with expert advice that you can't get anywhere else.Want to know how to navigate the forbidding maze of Social Security and emerge with the highest possible benefits? You could try reading all 2,728 rules of the Social Security system (and the thousands of explanations of these rules), but Kotlikoff, Moeller, and Solman explain Social Security benefits in an easy to understand and user-friendly style. What you don't know can seriously hurt you: wrong decisions about which Social Security benefits to apply for cost some individual retirees tens of thousands of dollars in lost income every year.   On today's show we were once again joined by Suzanne Edwards, Money and Legal reporter for Houston Business Journal. Suzanne updated us on the local banking trends in Houston in relation to the oil market. We were joined at the halfway mark by author Laurence Kotlikoff and discussed his newest book Get What's Yours: The Secrets to Maxing Out Your Social Security.   Laurence J. Kotlikoff is William Fairfield Warren Distinguished Professor and a professor of economics at Boston University.  He is also president of Economic Security Planning, Inc., a company specializing in financial planning software.  His company websites are ESPlanner.com and MaximizeMySocialSecurity.com.  He is author or co-author of sixteen books, including Spend ‘Til the End and The Coming Generational Storm (both with Scott Burns).  His work has appeared in The New York Times, The Wall Street Journal, The Financial Times, Bloomberg, Forbes, The Economist, Huffington Post, and other major publications.  He has served as a consultant to the International Monetary Fund, the World Bank, governments around the world, and major U.S. corporations including Merrill Lynch, Fidelity Investments, and AON.  In addition, he has provided expert testimony on numerous occasions to committees of Congress.  He lives in Boston.     You can find out more about Laurence Kotlikoff by visiting his website at: www.getwhatsyours.org   You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com ‪#‎kpft #hbjsuzanne    

Laurence Kotlikoff of Boston University talks with EconTalk host Russ Roberts about the fiscal health of the federal government of the United States. Kotlikoff argues that the U.S. government is essentially bankrupt because future taxes will fall hundreds of trillions of dollars short of expected expenditures. Kotlikoff argues this problem can be solved by redesigning our tax code, but without changes such as this, large reductions in spending or large increases in tax rates will be necessary.

Laurence Kotlikoff of Boston University talks with EconTalk host Russ Roberts about the fiscal health of the federal government of the United States. Kotlikoff argues that the U.S. government is essentially bankrupt because future taxes will fall hundreds of trillions of dollars short of expected expenditures. Kotlikoff argues this problem can be solved by redesigning our tax code, but without changes such as this, large reductions in spending or large increases in tax rates will be necessary.

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Listen at: www.JasonHartman.com. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers.Professor Kotlikoff is author or co-author of15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Laurence J. Kotlikoff, Professor of Economics at Boston University, Research Associate for the National Bureau of Economic Research and author of The Coming Generational Storm speaks about a looming global demographic and financial crisis related to a rapidly aging population and the lack of an American fiscal policy to cope with it. The lecture is introduced by Stan Altman, Dean of the School of Public Affairs, and moderated by Dahlia Remler, Associate Professor at the School of Public Affairs.

Boston University Professor Laurence J. Kotlikoff doesn't pull any punches. He recently told a Bloomberg TV audience that both the Clinton and Bush administrations suppressed evidence of our country's dire financial condition. Actually, how bad off are we? What can be done from a policy perspective? What about doubling your taxes or some combination of that and government spending cuts? What are the chances of the Federal government telling us the truth? Will the system need to break down before our financial system gets fixed? What can we as individuals do to prepare for this impending disaster? Dr. Kotlikoff is the author of two books that address these questions and he also has some very useful free software you can use in order to prepare for own retirement. Can you afford to miss this discussion? Also, All-In-One-Preparedness will provide some life saving ideas for troubled times. Also executives of two emerging Jr. gold company will talk about building wealth.