Monday Morning Money
Ask a CFP: Are you pessimistic or optimistic about the future?

Ask a CFP: Are you pessimistic or optimistic about the future?

May 31, 2020

Today is the first episode of our Ask a CFP series.  Each month we will answer your questions about money, investing, and retirement.  

Today's Questions:

1.  Are airline stocks a good buy? What's the best way to invest?

2.  My employer stopped matching my 401k, should I stop my contributions, too?

3.  Since my IRA has decreased in value, is now a good time to convert it to a Roth?

4.  With businesses starting to reopen, is now a good time to buy stocks?

5.  Do you think we've seen the end of the bear market? Are you pessimistic or optimistic about where we are going?

We'll give our answers to those questions on today's show.

Do you have a question? Ask it here: https://flemingwatson.com/askacfppro

To hear this episode on our website, visit: https://flemingwatson.com/are-you-pessimistic-or-optimistic/

 

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Are Credit Card Rewards Worth It?

Are Credit Card Rewards Worth It?

May 25, 2020

Are credit card rewards such as cash back or travel perks worth it? Should you use multiple credit cards to get better rewards? 

To learn more visit: https://flemingwatson.com/are-card-rewards-worth-it/

Do you have a question about money?  Get answers from a CFP Pro!.  Click here to ask what's on your mind

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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3 Questions to Evaluate Your Cash Flow

3 Questions to Evaluate Your Cash Flow

May 20, 2020

The COVID-19 Pandemic forced a lot of major changes to our lives. IT has also created a unique opportunity to guage how we spend money. Today, we'll pose three questions to help you evaluate your cash flow.

To learn more, visit:  https://flemingwatson.com/3-questions-to-help-evaluate-your-cash-flow/

Do you have a question about money?  Get answers from a CFP Pro!.  Click here to ask what's on your mind

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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Creating Your Financial Safety Net

Creating Your Financial Safety Net

May 10, 2020

As America begins to reopen, we can set our sights on what we need to do to get our financial situation back in order. What should be at the top of your list? In my mind, Creating your financial safety net should be a high priority.

For more information, visit:  https://flemingwatson.com/creating-your-financial-safety-net/

Do you have a question about money?  Get answers from a CFP Pro!.  Click here to ask what's on your mind.  https://bit.ly/AskCFP

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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4 Ways the Pandemic Could Impact Social Security

4 Ways the Pandemic Could Impact Social Security

May 3, 2020

Social Security is the cornerstone of retirement income for many Americans. Have you wondered if the Coronavirus outbreak will impact your benefits? Here are 4 ways the pandemic could impact Social Security.

The Covid-19 virus has turned the world and the economy on its head. The financial impacts are being felt far and wide. We have record unemployment claims, with nearly 22 million people out of work--so far. And Pew Research estimates 27% of American workers have seen their pay reduced. The government response has also been extreme. All of that will impact the future.

Most of the media focus has been on how this outbreak has impacted current workers. But it can also affect retirees. Here are four ways the pandemic could impact your Social Security benefits.

To see more, visit: https://flemingwatson.com/4-ways-the-pandemic-could-impact-social-security/

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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What the Heck is a V Shaped Recovery?

What the Heck is a V Shaped Recovery?

April 27, 2020

With many states creating plans to reopen the economy, we keep hearing about the recovery. Experts continue to weigh in on what it may look like. But it leaves people wondering, "What the heck is a 'V' shaped recovery?" 

To learn more, visit: https://flemingwatson.com/what-the-heck-is-a-v-shaped-recovery/

 

Download our free guide, 3 Things You Should Know About Bear Markets (and 4 Things You Can Do Right Now) 

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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Is The Bear Market Over?

Is The Bear Market Over?

April 19, 2020

On March 23, the S&P 500 closed 34% lower than it's all time high. Since then, we've seen prices rebound NEARLY 27%. It has many people wondering is the bear market is over. Today we'll pose 4 questions that will help us determine if the new bull market has started.

For more visit: https://flemingwatson.com/is-the-bear-market-over/

Today we answer a listener question. "Should I take money from my 401k to help me get through these tough times?" The CARES Act made this an option to consider. But, there are still some things to consider. We'll offer some insight.

To learn more: https://flemingwatson.com/Is-The-Bear-Market-Over/

 

Download our free guide, 3 Things You Should Know About Bear Markets (and 4 Things You Can Do Right Now) 

Are you ready to retire?  Learn how you can get you free Retirement Snapshot.

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Should I Money From My 401k?

Should I Money From My 401k?

April 12, 2020

Today we answer a listener question. "Should I take money from my 401k to help me get through these tough times?" The CARES Act made this an option to consider. But, there are still some things to consider. We'll offer some insight.

To learn more: https://flemingwatson.com/should-i-take-money-from-my-401k-plan/

 

To download our free guide, 3 Things You Should Know About Bear Markets (and 4 Things You Can Do Right Now) click here: bit.ly/BearMarketGuide

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The Best Reason to Not Sell Your Stocks Now

The Best Reason to Not Sell Your Stocks Now

April 5, 2020

If you haven't sold your stock investments yet, you may not want to.  Sure, the market could fall further.  But selling could be a big mistake.  We'll share the best reason to not sell your stocks now.

For more Visit:  https://flemingwatson.com/the-best-reason-to-not-sell-your-stocks-now/

Download our free guide:  3 Things You Should Know About Bear Markets (and 4 things you can do right now)

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Should I Rebalance My Accounts?

Should I Rebalance My Accounts?

March 29, 2020

Today, we answer a listener question.  "With the stock market down over 30%, is now a good time to rebalance my accounts?"  We'll talk about 

  • What is rebalancing
  • Why do we do it when things are good
  • Why we do it when things are bad
  • And how it works.

To learn more, please visit:  https://flemingwatson.com/should-i-rebalance-my-accounts/

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