Muhlenkamp is high on gold stocks because he fears dollar devaluation

Jeff Muhlenkamp, portfolio manager for the Muhlenkamp Fund, says in today's Money Life Market Call that one of his big fears right now is in order to deal with government debt, authorities will de-value the dollar, so he has been adding gold and precious metals names to the portfolio to hedge against that potential. He is also looking at deregulation as a possible driver for future as well, and while he is a value-oriented manager, he noted that there are plenty of ideas that look promising despite a market that is at record highs.

David Lau, chief executive officer at DPL Financial, discusses how lifetime income and annuitizing retirement savings has become particularly important now, given uncertainty over the future of Social Security. He notes that investors who are considering annuities may want to be making the purchase before interest rates start to fall, but he also notes that annuity products that promise downside protection against stock market risk are likely to fall into the category of "too good to be true."

Plus, in the ETF of the Week, Todd Rosenbluth, head of research at VettaFi, goes for an actively managed international small-cap fund with his ETF of the Week.