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Videos uploaded by user “Matthew Rettick”
The Truth About Mutual Funds HD
 
18:35
http://www.checksandbalances.tv - Learn the Truth About Mutual Funds at Checks and Balances TV with host Matthew J. Rettick. CBTV Facebook Page: http://www.facebook.com/checksandbalancestv Twitter: http://www.twitter.com/matthewjrettick
Views: 126862 Matthew Rettick
Baby Boomers in Peril -- Why Their Retirement Plans are a Bust! HD
 
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http://www.checksandbalances.tv - Learn why Baby Boomers are in Peril and Why Their Retirement Plans are a Bust at Checks and Balances TV with host Matthew J. Rettick. Facebook Page: http://www.facebook.com/checksandbalancestv Twitter: http://www.twitter.com/matthewjrettick
Views: 33610 Matthew Rettick
The Largest Ponzi Scheme in History is a Mult-Level Marketing Scam
 
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http://www.checksandbalances.tv The largest Ponzi scheme in history, in regards to number of victims, was exposed in August of this year. The Securities and Exchange Commission has accused ZeekRewards.com, and it's parent company Rex Venture Company, of luring 2 million investors worldwide in a $600 million dollar internet Ponzi scheme. The receiver for the government says it will take a long time before ALL the victims are located and hopefully, refunded some of their money for their losses. They are currently in the process of "clawbacks" meaning they are asking investors who received money from the company to give back that money so that it can be divided up between all victims fairly. However, in a weird twist of denial, many of the victims want to continue with "business as usual." They believe in the business opportunity of ZeekRewards.com that they are actually fighting the SEC's actions. As of now the company CEO Paul Burks hasn't been officially charged with a crime. Tune in to this week's CBTV show on Friday at 4:00 PM EST to find out more about the how the largest Ponzi scheme in history scammed so many people, and what you can do to avoid financial scammers and invest your money wisely.
Views: 7173 Matthew Rettick
Identity Fraud - How to Protect Yourself from Cyber-Criminals
 
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The FBI released details of an international cybercrime-ring bust last week, which resulted in dozens of arrests in 13 countries over four continents. The sting, known as Operation Card Shop, was set up to stop criminals from stealing credit or debit card information from the Internet, and then selling or using the information for fraudulent transactions. It's estimated that the two-year probe protected over 400,000 potential cyber crime victims, and prevented over $205 million in losses. The FBI's Internet Crime Complaint Center filtered more than 300,000 Internet related complaints last year, up 3.4% from 2010. The reported TOTAL dollar loss for Internet crimes in 2011 was nearly a half a billion dollars! And those are just the crimes reported to the organization. Tune in to this week's show as I reveal 6 tips so you can protect yourself and your personal information, from falling into the wrong hands.
Views: 1888 Matthew Rettick
State Pensions:  Will This be America's Next Financial Crisis?
 
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Because of the recent economic downturn and associated budget challenges, the majority of state and local government employee pension systems are severely underfunded. There are more than 3,400 state and local pension programs in the U.S., responsible for the retirement income of more than 27 million employees and beneficiaries. But many have been forced to undergo pension reform initiatives in order to save money, which include reducing member benefits, increasing member contributions or switching to a hybrid pension plan that requires employees to contribute and invest their retirement savings. The alternative to making up the state's shortcomings is to raise state taxes, which was recently proposed in California. In order to cover a major shortfall in its teacher pension program, California's governor has proposed raising their state income tax rate 10.3 to 13.3 percent. If it passes this would be the highest state income tax rate in the nation, making California's top income earners paying more than 50% of their annual income in state and federal taxes. Tune in to this week's CBTV show on Friday at 4:00 PM EST to find out why state and local pension programs are in such jeopardy and what you can do to make up for your pensions shortfall.
Views: 3237 Matthew Rettick
The Truth About... Bonds
 
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http://www.ChecksandBalances.TV for more info! Twitter: http://www.twitter.com/matthewjrettick Facebook: http://www.facebook.com/ChecksandBalancesTV Blog: http://matthewjrettick.blogspot.com
Views: 114215 Matthew Rettick
Is Winning the Lottery Your ONLY Hope of a Financially Secure Retirement?
 
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State lotteries have produced record sales across the country, despite the tough economic conditions. Many Americans are gambling on them in hopes that the "winnings" will help fund their financial future. The problem is, you have a better chance of getting struck by lightning than winning the lottery. The actual odds of matching all six numbers correctly in a typical state lottery are nearly 1 in 14 million, with multi-state Powerball even higher at about 1 in 195 million. Even "scratcher tickets" have deceptive odds, with most of the "winners" simply getting their money back. The popularity of state lotteries has never been higher though, generating much-needed additional revenue to help states fund education and pay for other government programs. The Illinois Lottery contributed $690 million dollars of the $2.3 billion dollars in sales to "good " causes in 2011, the most ever in its 37-year history. Meanwhile, Nevada, one of seven states that does not currently have a lottery, is missing out on the opportunity to raise extra state revenue that could help avoid budget cuts. Many of the 43 states that have a lottery are breaking sales records by appealing to the fear and greed of Americans, who believe winning will make their financial hopes and dreams come true. Tune in to this week's CBTV show to get six "lucky" numbers that have a much better chance of helping you plan for a successful retirement!
Views: 66752 Matthew Rettick
Is Your Financial Advisor a Trick or Treat? The Truth About Some of the Bad Apples Out There!
 
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Financial fraud is a growing problem in America. In 2010, 9.4% of all reported criminal cases was financial fraud. These "white collar" crimes are defined as non-violent crimes committed by an individual or group for financial gain. White collar criminals typically pose as professionals and have knowledge of financial policies and investments, so they can take advantage of those most vulnerable during tough economic times. More and more consumers are falling victim to white collar crimes, but not enough of them are taking action by filing complaints. A few years ago, the Federal Trade Commission conducted a random telephone survey and found that only 8.2% of victims are actually reporting white collar crimes. The federal government has worked with organizations such as the SEC, the FBI, the FTC and the U.S. Attorney General's Office to put an effective consumer protection system in place, but it is up to the victims to file complaints and put this system to work. The best advice for people who are afraid of becoming a victim of financial fraud is to conduct a background check of their chosen financial professional before investing any money. And if you become a victim in the future, report the crime. Tune in to this week's CBTV show for other helpful tips to protect yourself and your money from financial scammers!
Views: 66802 Matthew Rettick
Beware The Beneficiary Form
 
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CBTV Show 92 - Beware The Beneficiary Form: Naming The Wrong People or Failing To Update Those Documents Can Create A Mess For Your Heirs http://www.ChecksandBalances.TV In this week's episode of Checks and Balances TV, your host Matt Rettick reminds you to "think again" if you think your estate planning is done once you've made your will. As Matt as explains, there are still many pitfalls you could encounter when dealing with beneficiary forms. Watch this episode to learn some tips on how NOT to create a mess for your heirs! Join our community on Facebook: http://www.facebook.com/checksandbalancestv Follow us on Twitter: http://www.twitter.com/matthewjrettick And check out Matt's brand new, #1 Amazon Best Selling book "All The Rules Have Changed: What You Must Do To Succeed In The New Financial Reality". http://www.alltheruleshavechanged.com More about Matt: http://www.mattrettick.com
Views: 1489 Matthew Rettick
The Truth About Average Stock Market Returns
 
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The Truth About Average Stock Market Returns http://www.ChecksandBalances.TV In this special edition of Checks and Balances TV, your host Matt Rettick reveals to you the truth about average stock market returns. You may have seen the phrase "average rate of return of the stock market", but do you really know what it means? You may be surprised as Matt reveals to you the truth about average stock market returns. Join our community on Facebook: http://www.facebook.com/checksandbalancestv Follow us on Twitter: http://www.twitter.com/matthewjrettick And check out Matt's brand new, #1 Amazon Best Selling book "All The Rules Have Changed: What You Must Do To Succeed In The New Financial Reality". http://www.alltheruleshavechanged.com More about Matt: http://www.mattrettick.com
Views: 4382 Matthew Rettick
It's Been Two Years Since the Dodd Frank Bill
 
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The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21st, 2010, just over two years ago. The law was intended to improve the financial stability of the U.S., end the era of "too big to fail" and government bailouts, protect consumers from unscrupulous financial service providers and ultimately prevent another financial crisis. But some wonder if the law is doing all of the good it was intended to. Since it was signed, just one third of the requirements of the law have been put into effect. So far, many of these reforms are duplicative and expensive! The new rules are costing banks big bucks, and many of these costs are being passed on to the American consumer in the form of cost-saving job layoffs or new bank fees. With true financial reform taking so long, it isn't clear that Americans are any more protected or better off than they were five years ago. Tune in to this week's CBTV show on Friday at 4:00 PM EST to find out more about the Dodd-Frank bill and what you can do to ensure your financial wellbeing is being protected. http://www.checksandbalances.tv
Views: 3284 Matthew Rettick
Running on Empty: Social Security's Deficit and the Impact of your Future Benefits
 
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Millions of Americans wondered whether or not their Social Security benefits would be affected as part of the new debt deal that was passed by Congress on August 2. As it turned out, no cuts were made to Social Security, but the program is still projected to run at a deficit of $46 billion dollars this year. That remains a problem for future workers who will see the Social Security Trust Fund exhausted by 2036. Unfortunately, Social Security will run at a projected deficit of $547 billion dollars between 2012-2021 through really no fault of its own. The U.S. Treasury has borrowed money over the years from the trust fund, which had built up a surplus of $2.5 trillion dollars in the 1980s. That money was used to pay for other less-funded government programs and to reduce the national deficit. Unless the government pays back that money or restructures the program, workers who retire after 2036 will only get 75% of their promised benefits due to this mismanagement of funds. Choosing the right time to retire is an important decision that can impact how much money you receive from Social Security during your golden years. Watch this week's CBTV show to learn how you can determine your full retirement age and max out your benefits!
Views: 965 Matthew Rettick
401(k) Fees Uncovered: Are You Paying Too Much for Your Retirement Plan?
 
10:07
On July 1st, new federal rules went into effect that make it easier for 401(k) account holders to see how much money they're actually being charged in annual fees. The rules, issued by the Department of Labor, stipulate that 401(k) plan providers must disclose the fees they charge to manage the retirement savings plans. Common fees include investment management, record keeping, administrative costs and more. Fees typically range from .5 to 2.0 percent of the total account value, but vary widely. Plan providers will now be less likely to be able to sneak in any "extra" fees, such as distribution fees or representative fees, as some have done in the past. These new rules will allow Americans to learn more about their retirement savings and what their 401(k) is really costing them. Multiple studies have shown that a majority of 401(k) holders don't know what fees they are charged, and 30 percent didn't know they were charged fees at all. This will be an eye-opening change for the 72 million people nationwide participating in a 401(k). Finally, they will have all the information they need to make informed decisions about their retirement savings accounts. Tune in to this week's CBTV show on Friday at 4:00 PM EST to find out more about the Department of Labor's new rules and what you can do to avoid paying high fees. http://www.checksandbalances.tv http://www.facebook.com/ChecksandBalancesTV https://twitter.com/#!/matthewjrettick
Views: 501 Matthew Rettick
Financial Blunders of the Rich and Famous
 
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James Brown may have been known as the "hardest-working man in show business," but it is his legal team that continues to work hard on his estate plan. The man also known as the "Godfather of Soul" has yet to see his dying wishes fulfilled despite passing away nearly five years ago because of poor estate planning. Brown wanted the proceeds of his entire estate, which was originally estimated to be worth $100 million, to go into a special trust designed to provide college scholarships to underprivileged children in South Carolina and Georgia. However, he failed to update his will during his fourth marriage, and as a result, his estate plan remains in limbo. Failure to properly plan ahead has cost other celebrities their legacies as well. The children of former NFL owners Georgia Frontiere and Joe Robbie were forced to sell their teams due to huge estate tax bills. Former Oakland Raiders owner Al Davis died on October 8 and apparently learned from their mistakes. Davis reportedly made sure his family could keep the team by putting a good financial structure in place. The value of estate planning is not something anybody should take for granted or underestimate since it can play a vital role in defining your legacy. Watch this week's CBTV show for helpful tips on how to avoid financial blunders of the rich and famous!
Views: 457 Matthew Rettick
Truth About... Annuities
 
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http://www.ChecksandBalances.TV for more info! Twitter: http://www.twitter.com/matthewjrettick Facebook: http://www.facebook.com/ChecksandBalancesTV Blog: http://matthewjrettick.blogspot.com
Views: 1307 Matthew Rettick
A Warning From Bernie Madoff
 
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CBTV Show 91 - A Warning From Bernie Madoff: "Don't Let Wall Street Scam You Like I Did!" http://www.ChecksandBalances.TV In this week's episode of Checks and Balances TV, your host Matt Rettick breaks down Bernie Madoff's recent MarketWatch interview, and gives you some steps to becoming a "21st Century Investor". Join our community on Facebook: http://www.facebook.com/checksandbalancestv Follow us on Twitter: http://www.twitter.com/matthewjrettick And check out Matt's brand new, #1 Amazon Best Selling book "All The Rules Have Changed: What You Must Do To Succeed In The New Financial Reality". http://www.alltheruleshavechanged.com More about Matt: http://www.mattrettick.com
Views: 766 Matthew Rettick
New Federal 401(k) Disclosure Rules Reveal Internal Fees!
 
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The U.S. Department of Labor is moving forward with new 401(k) fee disclosure rules that will make it necessary for plan providers to thoroughly explain how their fees will impact your returns. The new compliance deadline is set for April 1st. These new rules will help both employers and employees better understand just how much they are paying in fees and allow them to make more informed decisions about their retirement savings plan. For employers, the uniformity will help them to better understand what is part of a plan for its price and enable them to shop around for the best company plan without making their decision solely based on cost. For employees, they will gain more knowledge about how additional fees can accumulate and can choose their investments and strategy more wisely. The new disclosure rules have been in the works since 2010, when the new regulations were originally published as part of the Employee Retirement Income Security Act (ERISA). ERISA was enacted in 1974 to protect the retirement assets of American workers by implementing rules for qualified benefit plans, such as pensions and now 401(k)s. The rules were originally set by the federal government to ensure that those who manage the assets within a retirement account do not misuse the assets and serve as a guideline to how plans should be administered. Most people do not realize how much they're paying in fees for their 401(k) plan, and some did not even know they were paying fees at all. Watch this week's CBTV show to find out more about the fees you are being charged with your 401(k) plan!
Views: 172 Matthew Rettick
The Lighter Side of Finance - Ponzi Schemerwitz
 
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http://checksandbalances.tv - The Lighter Side of Finance - Ponzi Schemerwitz
Views: 63387 Matthew Rettick
Get Out of Debt Now!
 
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http://www.checksandbalances.tv - Matthew J. Rettick discusses how to Get Out of Debt NOW! Watch Checks and Balances TV every Wednesday at 4 p.m. EST at http://www.checksandbalances.tv America's #1 Source for Balanced Financial Advice
Views: 34782 Matthew Rettick
Checks and Balances TV Inaugural Show
 
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http://www.checksandbalances.tv - Checks and Balances TV is America's #1 Source for Balanced Financial Information. Hosted by financial expert Matthew J. Rettick, CBTV offers viewers information on wealth management, saving for retirement and how to achieve financial freedom. Tune in each week Wednesday's at 4pm EST to watch Checks and Balances TV Live at http://www.checksandbalances.tv
Views: 5925 Matthew Rettick
Checks and Balances for Your Financial Future
 
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http://www.checksandbalances.tv CBTV host Matthew J. Rettick discusses the current state of social security, retirement plan and retirement savings planning, and the status of the economic recovery.
Views: 4861 Matthew Rettick
It's Been Four Years Since the Collapse Of Lehman Brothers
 
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It's Been Four Years Since the Collapse Of Lehman Brothers - So Why Hasn't Anyone Been Charged for Misleading Investors? It's been called the largest bankruptcy in history; larger than General Motors, Washington Mutual, Enron and Worldcom combined. More than 26,000 employees lost their jobs, millions of investors lost money, and it triggered a chain reaction that produced the worst financial crisis in recent history. It's been nearly four years now since the investment banking giant Lehman Brothers declared bankruptcy, yet no one at Lehman has been held responsible. The federal bankruptcy court recently launched an investigation into the demise of the 150-year old firm. More than 2,200 pages of evidence has been gathered against Lehman executives and their accounting firm, Ernst and Young. But that was more than two years ago and still there have been no prosecutions. So what exactly did Lehman executives do? They knowingly misled investors through scrupulous accounting activities. And they did it right under the noses of the Securities and Exchange Commission. The SEC however did not put a stop to these activities nor did they disclose these unlawful practices to investors. So who is really to blame? Tune in to this week's CBTV show on Friday at 4:00 PM EST to learn more about the demise of Lehman Brothers and why to this day no one has yet been held responsible for the largest bankruptcy in history.
Views: 1535 Matthew Rettick
Most Americans Are Worried About Their Retirement Security
 
10:26
The U.S. economy may seem like it's improving, but many Americans are still worried about their ability to retire on time and live comfortably in their golden years. That's because they have had more immediate concerns to deal with such as job uncertainty and debt, pushing retirement planning down their priority list. This according to the latest edition of the Retirement Confidence Survey conducted by the Employee Benefit Research Institute released on March 13th. Retirement confidence remains at historically low levels in the 22nd year of the survey, as only 14% of workers said they are very confident they will have enough money to live comfortably, up slightly from 13% in 2011. A big problem many are facing is staying employed long enough to save enough for retirement, with just a little more than one-quarter of workers (28%) feeling very confident in that scenario. Personal debt is another factor impacting retirement confidence, with almost two-thirds of workers considering their debt to be a problem impacting their ability to save for retirement. Watch this week's CBTV show on Friday at 4:00 PM EST to get more findings from the survey along with helpful tips on how to make retirement planning a bigger priority in your life!
Views: 1801 Matthew Rettick
Goldman Sachs: Another Bank Who Appears to Care More About Profit
 
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A disgruntled employee quit his job last week, but it was HOW he handled his resignation and WHO he told that raised many eyebrows across the country. That employee was Greg Smith, a former executive director of Goldman Sachs. He had enough and decided he was not going to take it anymore! He told the whole world about his bad experiences working at Goldman in an op-ed piece that appeared in the New York Times on March 14. Smith's op-ed piece detailed how "morally bankrupt" executives at Goldman Sachs cared more about making a profit for the company rather than helping its clients, and that in order to get ahead in the investment bank you must merely make the firm enough money. As a result, shareholders began dumping Goldman stock, as it dropped 3.4% and lost $2.2 billion in market value on the same day the letter ran. Watch this week's CBTV show on Friday at 4:00 PM EST to get the real story on Goldman Sachs and find out more details on how this investment bank has demonstrated that it may care more about turning a profit and less about its customers!
Views: 474 Matthew Rettick
Sink or Swim: Are You Drowning in 401(k) Loans, or Staying Afloat of the Economic Challenges?
 
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Taking out a loan under any circumstances obviously puts you into debt. But pulling out money from your retirement savings through a 401(k) loan or hardship withdrawal is the ultimate sacrifice because it can only hurt you in the long term. But you can also cause some financial damage in the short term as well, in the form of early withdraw penalties and taxes, so finding other ways to pay your monthly bills or expenses has never been more critical for many Americans.
Views: 148 Matthew Rettick
Giving Thanks to the Ones You Love
 
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http://checksandbalances.tv - Checks and Balances TV host Matthew J Rettick discusses the Estate Tax and Estate Tax planning, providing examples of famous people who experienced problems with the Estate Tax. Michael Jackson is showcased in the examples of famous people who have lost millions of dollars because of poor Estate Tax planning, along with Sonny Bono, Heath Ledger, Princess Diana, and Marilyn Monroe. Watch Checks and Balances TV - America's #1 Source for Balanced Financial Advice each week at http://checksandbalances.tv Facebook Page: http://www.facebook.com/checksandbalancestv
Views: 82960 Matthew Rettick
Checks and Balances TV - Financial Survival Tips for a Turbulent Economy | HD
 
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http://checksandbalances.tv - Financial Survival Tips for a Turbulent Economy
Views: 65319 Matthew Rettick
Income that You Cannot Outlive | Checks and Balances TV
 
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http://checksandbalances.tv CBTV host Matthew J. Rettick discusses retirement planning and personal finance.
Views: 29005 Matthew Rettick
The Bull Market Turns Three: Is it Time to Get In or Get Out?
 
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The stock market has made a dramatic turnaround since hitting a low during the recession, when millions of Americans lost trillions of dollars. The bull market recently celebrated its third birthday and continues to go strong, giving investors plenty of confidence that happy days are indeed here again. But, are they here to stay? Before you get too excited and pour all of your hard-earned savings into the market in hopes of making back everything you lost, you need to take a step back, relax and realize that eventually, all good things must come to an end. Many analysts and economists believe a bear market could be coming soon, and there are signs that might be true. Rising gas prices, worries over inflation and rising interest rates and the government's ongoing battle to tackle the federal deficit are just a few reasons for concern. The good mixed with the bad is causing investors everywhere to ask themselves, is this the right time to get in the market or get out? Tune in to this week's CBTV show on Friday at 4:00 PM EST to learn why you should be cautious about today's stock market before deciding to get in or get out!
Views: 135 Matthew Rettick
Income Tax | Checks and Balances TV HD
 
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http://checksandbalances.tv The new income tax rules are coming - Are you prepared? CBTV covers the history of the income tax along with the current debate going on in Congress and across this great country and what YOU can do to be prepared and financially secure. Checks and Balances TV is America's #1 Source for Balanced Financial Advice
Views: 25391 Matthew Rettick
To Roth or not to Roth Your IRA
 
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http://checksandbalances.tv CBTV host Matthew J. Rettick provides in-depth information on Roth IRAs and how they relate to you and your personal finances. Watch Checks and Balances TV every Wed at 1 p.m. EST at http://checksandbalances.tv
Views: 26230 Matthew Rettick
Is It Time To Take Some Of Your Money Off The Table?
 
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CBTV Show 90 - With The Recent Stock Market Gyrations, Is It Time To Take Some Of Your Money Off The Table? http://www.ChecksandBalances.TV In this week's episode of Checks and Balances TV, your host Matt Rettick will teach you how to invest like a pro, and the importance of being properly allocated with your money. In this episode, you will also learn 2 keys to becoming what Matt calls a "21st Century Investor". Join our community on Facebook: http://www.facebook.com/checksandbalancestv Follow us on Twitter: http://www.twitter.com/matthewjrettick And check out Matt's brand new, #1 Amazon Best Selling book "All The Rules Have Changed: What You Must Do To Succeed In The New Financial Reality". http://www.alltheruleshavechanged.com More about Matt: http://www.mattrettick.com
Views: 220 Matthew Rettick
In like a Lion, out like a Lamb - Don't Get the Wool Pulled over Your Eyes
 
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In like a Lion, out like a Lamb - Don't Get the Wool Pulled over Your Eyes by a Baaa-d Financial Advisor!
Views: 27865 Matthew Rettick
New Bank Fees Got You Down? Let our Checks and Balances Process Help!
 
10:07
When Bank of America announced they would start charging customers new debit card fees starting early next year, there was an uproar! However, new federal debit card rules went into effect on October 1st that limit the amount of money major banks can charge merchants to process debit card transactions. The new rules essentially cut the amount in half, capping the fees at 21 cents per transaction, down from a previous average of 44 cents. BofA responded to the new rules by announcing a new monthly fee of $5 for customers who use debit cards as a form of payment. Two-thirds of people who took part in an Associated Press-GfK poll in June said they use debit cards more frequently than credit cards, and two-thirds also said they would switch to another form of payment if they were charged a $5 monthly fee. That additional $60 per year per customer for BofA is designed to replace the $2 billion dollars in estimated lost revenue as a result of the new rules going into effect. BofA is trying to save $5 billion dollars through 2014 and has announced plans to cut 30,000 jobs as part of that plan. Americans across the country are hurting financially and do not need to pay any new bank fees. At the same time, banks are losing money and have little choice but to come up with new ways to make up for their losses. Seeing both sides of the story is an important lesson, and shows the value of the Checks and Balances process in order to make informed financial decisions. Watch this week's CBTV show to learn about how you can avoid paying these new debit card fees!
Views: 80896 Matthew Rettick
Are You Ready For - The New Financial Reality?
 
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A number of contributing factors have created a "New Financial Reality" for millions of Americans. Some people have lost their confidence in retiring comfortably because they have spent the greater part of their adult lives squandering everything they have made just to keep up with the Jones'. Instant gratification has replaced delayed gratification, keeping many from saving enough for retirement. Others have lost their confidence for retirement because of job loss, the volatility of the stock market or the loss of value in their home. For whatever reason, more and more people are facing a "New Financial Reality" when it comes to their finances, and a lifestyle adjustment for their golden years. Rethinking your approach to preserving and protecting your money through the development of your own personal checks and balances system is the key to achieving financial security and stability in retirement. Tune in to this week's CBTV show to find out what fundamental principals of financial planning can help you deal with this "New Financial Reality!"
Views: 81097 Matthew Rettick
S&P Aftershock: Reacting to the Tremors Following the U.S. Credit Rating Downgrade
 
10:32
When Standard & Poor's downgraded long-term United States debt from the top AAA credit rating to AA+ for the first time in history on August 5, the country panicked. The Dow Jones Industrial Index dropped 635 points in the next trading session following the downgrade, the sixth-biggest drop in history. The debt-ceiling deal which was agreed upon by Congress on August 2 simply did not include enough budget cuts to make S&P change its mind on an earlier "negative" outlook assigned back on April 18. Other political factors also played a role in the downgrade, and the federal government must work together to fix the economy and cut spending if the U.S. credit rating is ever going to be upgraded back to AAA again. Of the ten other countries that have been downgraded, eight experienced further downgrades. Deeper downgrades have been associated with interest rate hikes in the past, and the fact that both S&P and Moody's have given the U.S. a negative outlook means there could be further downgrades in our future. S&P says that the rating could sink even further to AA if the U.S. fails to reduce spending and continues to increase debt within the next two years. The quickest any other downgraded country has ever regained their AAA status is nine years; and of the ten that have lost that status, five have still yet to recover. Since the downgrade, millions of Americans have since looked to protect their investments and find "safer" places to put their money during this period of very volatile economic times. Watch this week's CBTV show to learn what the U.S. credit rating downgrade could mean to you and where your money can seek shelter while the economy continues to deal with chaos!
Views: 65945 Matthew Rettick
CBTV Thought Leader Interview - David M. Walker
 
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A special CBTV "Thought Leader" interview with David M. Walker, former U.S. Comptroller General. For more information on David, and his organization "Comeback America Initiative", please visit his website at http://keepingamericagreat.org/
Views: 1191 Matthew Rettick
Protecting Yourself and Your Assets Against Life's Unexpected Events!
 
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If you've hit the road recently, you realize that some of our highway infrastructure is in bad shape and desperately needs financial help. In Washington, our elected officials are debating, among other things, how much money should be spent on roads, highways and bridges across this country. Regardless of what they decide, a new "Highway Bill" must get passed before the latest extension on funding expires on September 30th or else construction projects will remain unfinished and workers will become unemployed. After the passage of the "Recovery Act" in 2009, several states focused on just short-term projects. They had to submit a plan right away or could have lost their funding from the stimulus package, so instead of planning for the long-term they really only focused on their short term needs. But now, these same states have much bigger issues to deal with because they are running out of money. Without federal funding, these bigger, longer-term projects are headed down a road to nowhere. Only a new transportation plan can save America's highways. Tune in this week to learn more about how America's highways are cared for, and what a loss in federal funding means to you. Also, as we all know, life is full of bumpy roads -- find out how to protect yourself from some of life's unexpected events in this week's, "Financial Tip, Tool, or Technique" segment!
Views: 65981 Matthew Rettick
Protect Yourself from Holiday Scams
 
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http://checksandbalances.tv CBTV host Matthew J. Rettick covers Holiday Financial Scams and how you can protect yourself and your personal finances. Watch Checks and Balances TV every Wed at 1 p.m. EST at http://checksandbalances.tv
Views: 27455 Matthew Rettick
The STOCK Act: Finally, Lawmakers are Banned from Insider Trading
 
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Members of Congress have been able to legally take advantage of insider trading tips on stocks for years, but that is about to come to an end. The STOCK Act stands for "Stop Trading on Congressional Knowledge" and has been proposed several times in the past. However, versions of the bill have cleared both the House of Representatives and the Senate, so if the law is finally passed, lawmakers will be held accountable for their actions! The proposed bill would prohibit members of Congress and their employees from disclosing nonpublic information on "any pending or prospective legislative action relating to any publicly traded company" to any third party. It would also establish rules for banning Congressional insider trading. A November 2011 episode of 60 Minutes exposed how some lawmakers were enriching themselves based on nonpublic information they learned from their government positions. Regular citizens of the U.S. convicted of insider trading can be fined up to $5 million and sent to jail for up to 20 years. It's about time members of Congress will be held to the same standards.
Views: 459 Matthew Rettick
Lighter Side of Finance - What Am I Supposed To Do With This Prospectus?
 
08:22
http://www.ChecksandBalances.TV for more info! Twitter: http://www.twitter.com/matthewjrettick Facebook: http://www.facebook.com/ChecksandBalancesTV Blog: http://matthewjrettick.blogspot.com
Views: 145493 Matthew Rettick
The Changing Financial Seasons of Your Life: Be Sure Your Investments Change with Your Age and Goals
 
10:05
There has been a massive sell-off of stocks during this recent period of market volatility, and baby boomers are the ones leading the charge. Boomers have been pulling their money out of stocks and placing their savings into more conservative investments during the "preservation" and "distribution" seasons of their financial life. Because boomers make up such a large part of the population, their actions influence the markets. A report by the Federal Reserve Bank of San Francisco predicts prices could potentially fall another 13% over the next decade as a result. Key economic factors have had a direct impact on the markets, such as the unemployment rate remaining the same after no new jobs were added in August. This was the first time that happened since 1945. Additionally, the Consumer Price Index rose 0.5% in July. These negative reports have scared boomers into selling their stocks in order to avoid losing money, like many did when the markets crashed in 2008. Understanding the financial seasons of life can help you figure out what steps you need to take in advance to effectively deal with this market volatility and ultimately reach your retirement goals. Tune in to this week's CBTV show to get financial planning tips that will guide you through each of the four seasons!
Views: 68 Matthew Rettick
Beat the Heat -- When That 'Hot' Investment Deal Leaves You Burned!
 
10:48
It's the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. With this Act come the arrival of "whistleblower" protection and "bounty-hunter" rewards programs, in an effort to help Americans fight financial fraud. The Dodd-Frank Act itself was passed end of July 2010 to enforce the strictest financial regulations since the Great Depression and protect consumers from "too big to fail" corporate bailouts. But the government's role in stopping scams remains somewhat limited because there is only so much it can do alone. It remains up to you to stay vigilant and look out for your own best interest. Relying too much on the government could end up being a big mistake and leave you financially burned. Victims of Ponzi schemes and other forms of financial fraud are people just like you, so take responsibility for your finances and do as much research as possible before investing your hard earned money into any investment. Remember, if something sounds too good to be true, then it probably is! Watch this week's CBTV show to find out what steps you can take to protect yourself financially and avoid getting burned!
Views: 65161 Matthew Rettick
Columbus Day to Today: How Retirement Has Changed Since 1492!
 
10:12
Retirement has changed a lot since 1492, when America was first discovered by Christopher Columbus. The history of retirement in this country dates back to the industrial age, when people literally worked until they died. Now, uncertainty plagues millions of Americans as they approach their retirement years. Many are worried they may not have a pension to count on, or that their Social Security benefits will be reduced. According to the Employee Benefit Research Institute, baby boomers are facing the harsh reality that they will not have adequate income to cover their basic retirement expenses and uninsured medical costs, even if they delay their retirement past the age of 65. Financial Finesse, a leading provider of financial educational programs, reports that only 14% of employees are on target to reach their retirement income goals. Too many people have counted on the government or their employer in the past to help them through retirement, only to be disappointed. It's become even more evident that you can only truly count on yourself to set aside the right amount of money for retirement. Watch this week's CBTV show to learn what financial planning tips you can use to stay focused on your long-term retirement goals!
Views: 64413 Matthew Rettick
The Truth About Stocks HD
 
16:32
http://www.checksandbalances.tv Learn The Truth About Stocks from Checks and Balances TV.
Views: 58039 Matthew Rettick
Social Security isn't so Secure | Checks and Balances TV
 
13:58
http://www.checksandbalances.tv Checks and Balances TV covers the current state of Social Security benefits, Medicare, and debate over raising the retirement age.
Views: 66940 Matthew Rettick
Is Your Financial Advisor Really Working for You, or Themselves?
 
10:34
A recent study conducted by the National Bureau of Economic Research found that financial advisors many times work against the best interests of their clients, if it means they can earn more in fees. The premise of "The Market for Financial Advice: Audit Study" was that while individual investors may be bad at choosing investments on their own, a number of things influence their decisions, including consulting with a financial advisor. The study assumed that nearly three-fourths of retail investors consult an advisor before purchasing a financial product, and it questioned whether or not the advice received was actually "good advice." As it turns out, more often than not, that advice was bad advice! The study focused in on "fee-based" advisors, or advisors who were paid a commission based on the fees and volume they generate. It implied that because these advisors were paid by fees, they would encourage unnecessary fee generating transactions. However, not all fee-based advisors can be generalized. It's important to understand how your financial advisor gets paid so that you can better understand how they advise. Tune in to this week's CBTV show on Friday at 4:00 PM EST to find out how financial advisors are compensated and what you can do to protect yourself from a self-serving advisor.
Views: 423 Matthew Rettick
Become a 21st Century Investor
 
15:00
http://www.checksandbalances.tv - Matthew J. Rettick discusses how to become a 21st Century Investor! Watch Checks and Balances TV every Wednesday at 4 p.m. EST at http://www.checksandbalances.tv America's #1 Source for Balanced Financial Advice
Views: 35791 Matthew Rettick
The Big Game: How to Get a WIN From Your Financial Plan
 
15:10
http://www.checksandbalances.tv - Matthew J. Rettick discusses the how to WIN with your personal finances during Super Bowl Week. Watch Checks and Balances TV every Wednesday at 4 p.m. EST at http://www.checksandbalances.tv America's #1 Source for Balanced Financial Advice
Views: 34534 Matthew Rettick
Financial Resolutions - How to Become Financially Fit in 2011
 
15:08
http://www.checksandbalances.tv - Matthew J. Rettick discusses the upcoming 2011 Year and what it means for your personal finances. Watch Checks and Balances TV every Wednesday at 4 p.m. EST at http://www.checksandbalances.tv America's #1 Source for Balanced Financial Advice
Views: 34375 Matthew Rettick