Tags: Steve Forbes | Newsmax TV | Income Generation | David Scranton

Steve Forbes Is Latest Financial Luminary to Guest on Newsmax TV's Hit 'The Income Generation'

Image: Steve Forbes Is Latest Financial Luminary to Guest on Newsmax TV's Hit 'The Income Generation'
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Friday, 15 Jan 2016 10:08 AM

Alternative Investment Show is Attracting Top Talent With its Focus on the Unique Financial Challenges Facing Today’s Generation of Retirees and Near-Retirees 

NEW YORK, NY, Jan. 13, 2016 – In recent months, some of the greatest financial minds of our time have been lining up to share their thoughts and insights with "The Income Generation." Now add to the list Steve Forbes, who will join host David Scranton on the all-new Newsmax TV show Sunday (Jan. 17) to talk about saving and investing for retirement in today’s dangerous economic climate. 

“Steve is one of the most respected names in the financial world, and I’m pleased to have him with us,” said Scranton.  “As a market analyst and economic forecaster, he’s one of the best. My conversation with him, and this episode overall, promises to be a real eye-opener for a lot of people. That includes people struggling with savings and investment decisions, and people who may think they already have a sound retirement plan. If you’re anywhere close to retirement, this is really a ‘can’t-miss’ show.”    

Steve Forbes is chairman and editor-in-chief of Forbes Media, and writes an editorial column for Forbes magazine. He is the author of numerous books, including his latest, "Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed will Restore Hope and Prosperity." Forbes is the only writer to have won the prestigious Crystal Owl Award four times for the accuracy of his economic forecasting.

Forbes’ credentials make him a perfect fit for "The Income Generation," which focuses on market trends and economic realities that impact Americans over 50 as they save and invest for retirement. Host and creator David Scranton is a well-known market analyst and forecaster in his own right, and shares his expertise frequently on Fox Business, CNBC and other financial news media outlets.

The program’s title, "The Income Generation," summarizes Scranton’s core philosophy that today’s generation of retirees and near-retirees is best served by secure financial strategies that focus on generating dependable lifelong income over maximum portfolio growth.

Scranton developed his model before the 2000-20003 stock-market collapse in order to protect his clients from damaging losses. 

He foresaw the 2000-2003 plunge as the start of a 20-plus year secular bear market cycle, and accurately forecast the next major market drop in 2007-2009. According to Scranton, history clearly shows that such cycles typically contain at least three major market drops of 50 percent or more, and deliver zero-percent growth over their duration. That makes seeking portfolio growth through capital gains a risky proposition for today’s generation of retirees and near retirees, Scranton said, adding that income-based strategies offer a sound alternative more suited to current market conditions.

“The concept sounds radical to people until they understand the full scope of it and realize they can protect their money and achieve strategic portfolio growth by focusing on income,” Scranton said. “It’s a mathematic, strategic approach that’s a lot more involved than the simple ‘buy and hold’ advice most investors are used to hearing.  That’s the main reason I launched the show: to educate as many members of what I call "The Income Generation" – which is people 50 and over – as possible. And to reach them before the next major stock market collapse, which may be here sooner than we think.” 

Scranton said he’s just getting started with but is grateful so many well-known and respected figures in the financial world have agreed to join him on the show. In addition to Forbes, "The Income Generation" has welcomed renowned market historian Harry Dent, author and analyst Tobin Smith, economist Peter Morici, and financial media expert Dan Gainor.  Upcoming shows will include Jim Rogers; author, international investor and China expert as well as James Dale Davidson, Robert Shiller and many more. 

Scranton said the involvement of such figures is a testament to the show’s growing reputation as a welcome alternative to the Wall Street hype and misinformation that make up most shows about financial planning.

“Our focus is not on stock tips and market hype, but on education and the kind of common sense discussions that really help investors make good, long-term decisions,” Scranton said. “Our guests are smart, common sense people who really appreciate that. Plus, we do it all in a relaxed and entertaining way – and they appreciate that, too.”

In addition to hosting "The Income Generation," David Scranton is the founder of New York-based Sound Income Strategies, and the author of "Stop the Financial Insanity: How to Keep Wall Street’s Cancer from Spreading to Your Portfolio."  His new book,  "Return on Principle, 7 Principles on How to Keep Your Money Safe in Good Times and Bad," is scheduled for release in mid-2016.

To learn more, visit theincomegeneration.com. Go there to pick up a free 25-page report for those approaching retirement or in retirement, designed just for “The Income Generation.” 

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Alternative Investment Show is Attracting Top Talent With its Focus on the Unique Financial Challenges Facing Today’s Generation of Retirees and Near-Retirees
Steve Forbes, Newsmax TV, Income Generation, David Scranton
Friday, 15 Jan 2016 10:08 AM
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