Real Money Pros

Every presidential election, the stock market reacts. Most of the time it's positive, but what do you think it will do if Joe Biden and Kamala Harris win? The Real Money Team discusses what sectors could perform better or worse depending on who gets elected. As an American, what are your concerns about finances if Trump is kicked out of office?

Gold may be a good gift for a significant other, but is it an ideal investment? Kent Owings, a Financial Advisor with Tree City, challenges you change his mind! Fellow advisor, Alexandra Lundgren, joins the conversation to talk about gold investments, gyms reopening, and the ability of businesses to adapt to life during a pandemic.

The Mountain West football conference has announced that there will be no season this year. No football, no big deal... right? Whether you're a fan or not of Boise State athletics, its presence alone affects everything around it. That includes the businesses and people that live in Boise. With BSU football generating at least 50% of total funding for the school's athletic department, what kind of repercussions will it have for our local economy? The team expresses their concerns.

The team is joined by Anissa Franklin, a loan officer with PRMI in Meridian, to talk about reverse mortgages. These mortgages are made for homeowners that are 62 years and older and have at least 50% equity in their home. And they work just like the name states: mortgages that work in reverse. Anissa explains what that means for those who qualify and why it could be a smart decision for those enjoying their retirement.

The dynamics of the health care industry are rapidly changing. Recently, many of the large companies in health-related industries have shown embarrassingly low profits. The Real Money Pros bring in the medical insurance pro, Steve Marsh with Medical Plans of Idaho, to discuss profit caps, tele-doctors, and most importantly, coronavirus!

Let's start teaching the next generation how to save! Coronavirus has reminded us once again that the world never stays the same. It changes and that requires us to adapt. Retirement isn't what it used to be, and it definitely won't be the same for our children and grandchildren. Get familiar with new investment vehicles and get into the habit of putting your money into it. Our 401(k) won't work for us like it did for those before us.

We all know that pre-existing conditions can be a huge burden to those who have them and are looking for any insurance policy in relation to their health. What if you test positive for COVID-19? The pros talks about how the pandemic could affect the insurance industry and what it could mean for consumers.

No matter what happens each year, there are thousands of students who graduate high school and continue on to higher education. But among coronavirus, how will these colleges and universities handle their operations? Will tuition be the same? Will students have a drastically different college experiences than previous students? Would college be even worth the money for your children? With a complicated situation comes even more complicated decisions.

Estate Planning Attorney, Jen Wulf, joins The Real Money Pros on this week's CapEd Case Study to talk about having an exit strategy when getting out of your business. This becomes especially important when other members of your family are involved as well. The team talks about what you need to make sure is in place for a smooth transition, making it a stress-free process.

How do you feel about our current unemployment package? Depending on where you are financially, you may really want to continue getting $600/month. But how much is enough and how much is too much? Are we more willing to pay higher taxes in the future or totally put our economy on hold? Tonight, we take your calls!