Welcome to Monday Morning Money. A short podcast (about 3 minutes) about personal finance, retirement, and investing.
This question is from Lloyd. He asks, "I'm planning to retire in the spring when I turn 62. Should I start taking my Social Security or should I wait?"
This is a big decision. The only decision we have when we're looking at social security is when we file for our benefits.
To see more: https://flemingwatson.com/should-i-start-social-security-at-62/
This question is from Karen. She asks, "With interest rates so low, we aren't earning anything on our savings. I'm also worried about another significant drop in the stock market. Should I take money from my savings to pay off my mortgage?"
There are two parts to this. One is eliminating debt. The other is what is the better use of your money?
View on our website here: https://flemingwatson.com/should-i-use-my-savings-to-payoff-my-mortgage/
During a Bear Market, many investors are tempted to sell their stocks and move to cash. Many financial advisors will tell them to sit tight, and ride out the storm. Is "doing nothing" the right thing to do? Today we'll share some interesting data that shows that in the last market, doing nothing was better than panicking.
To see the Vangaurd study, click here: https://personal.vanguard.com/pdf/Cash-panickers-Coronavirus-market-volatility.pdf
To visit our website, click here: https://flemingwatson.com/is-doing-nothing-the-right-thing-to-do/
Can the stock market predict the outcome of the election? What about a back-to-back bear market? And, how big was the stock market drop in dollar terms?
Learn more by visiting: https://flemingwatson.com/can-stocks-predict-the-election-outcome/
This is our September Question and Answer Episode.
We answer these five questions:
If you'd like to submit a question we can answer on a future show, please visit: https://mondaymorningmoney.com
Do you need $8 Million to retire? This was the title of a recent article. We'll take a look and share our thoughts.
visit: https://flemingwatson.com/do-you-need-8-million-to-retire/
More on the 4% Rule: https://flemingwatson.com/the-4-percent-rule/
The 2020 Bear Market is over! In this episode:
To see more, including charts and graphs like this one...
visit: https://flemingwatson.com/the-2020-bear-market-is-over!/
The Covid-19 pandemic has increased the stress on the Social Security system. Some experts predict that benefits would have to be cut as soon as 2029. Are you ready for a 20% cut to your Social Security benefits? Will it really happen, or is it just clickbait?
To see more, visit: https://flemingwatson.com/cut-to-your-social-security-benefits/
How will the 2020 presidential election impact the stock market? That's a big question on the minds of many. Today, we'll dig into some numbers. We'll show you what happened to the stock market in the three months before and after previous presidential elections.
To see more, including some charts and graphs, visit: https://flemingwatson.com/how-will-the-2020-presidential-election-affect-the-stock-market/
Today on our show, we offer a simple, low-cost estate planning tip to help you avoid probate. We talk about the current bear market, and share some expert predictions. And we answer three questions. The big one: do I need Medicare supplement insurance?
You can get more information including graphs and charts like the one below at: https://flemingwatson.com/do-i-need-medicare-supplement-insurance/
Do you have a question we can answer on a future show? Ask it here: 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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