A listener was offered early retirement. There is a lot to consider before making your decision to retire—even if you weren't offered an incentive. If you're thinking about retiring soon, and don't know where to begin, start here.
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Can you still do the Qualified Charitable Distribution in 2020? This is a question we received from a listener. We'll tell you what a QCD is, who qualifies, how you do it, and offer a few tips.
A listener asks, "I keep hearing ads advising us to sell our stocks and buy gold or silver. Is gold a better investment than stocks?"
Gold is one of the ultimate fear assets. When things go haywire in the markets, people tend to turn to the shiny metal. Is it a better investment than stocks?
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.
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?
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