Monday Morning Money
Should I Start my Social Security at 62?

Should I Start my Social Security at 62?

October 18, 2020

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/

Should I Use My Savings to Pay Off My Mortgage?

Should I Use My Savings to Pay Off My Mortgage?

October 11, 2020

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/

Is Doing Nothing the Right Thing to Do?

Is Doing Nothing the Right Thing to Do?

October 4, 2020

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 Election?

Can The Stock Market Predict the Election?

September 17, 2020

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/

 

September Q&A: How do I Use My Savings to Create Retirement Income?

September Q&A: How do I Use My Savings to Create Retirement Income?

September 6, 2020

This is our September Question and Answer Episode.  

We answer these five questions:

  • I changed jobs two months ago.  What should I do with my old retirement plan?
  • Can I use a trust to protect my Mom's assets if she goes to a nursing home?
  • My employer announced they are now offering the Roth 401k option.  Should I use it?
  • How do I use my savings to create retirement income?
  • Can I make the maximum contribution to both a Roth IRA and the Roth account in the Thrift Savings Plan?

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?

Do You Need $8 Million to Retire?

August 30, 2020

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/

 

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The 2020 Bear Market is Over!

The 2020 Bear Market is Over!

August 23, 2020

The 2020 Bear Market is over! In this episode: 

  • We'll review what happened.
  • We'll talk about what it means to you
  • We'll talk about the implications of the new high.

To see more, including charts and graphs like this one...

2020 bear market is over

visit:  https://flemingwatson.com/the-2020-bear-market-is-over!/

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Are You Ready for a 20% Cut To Your Social Security Benefits?

Are You Ready for a 20% Cut To Your Social Security Benefits?

August 20, 2020

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/

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How will the 2020 Presidential Election Impact the Stock Market?

How will the 2020 Presidential Election Impact the Stock Market?

August 9, 2020

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/

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Ask a CFP® Pro: Do I Need Medicare Supplement Insurance?

Ask a CFP® Pro: Do I Need Medicare Supplement Insurance?

August 2, 2020

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?

Show Timeline

  • 0:00 - Intro
  • 0:50 - Estate Planning Tip: Transfer On Death Provisions.
  • 8:12 - Let's talk about stocks
  • 11:16 - Question: Do I need to keep my Medicare supplement insurance policy?
  • 15:49 - Question: What is your opinion of gold and silver as an investment option right now?
  • 19:59 -  Question: Is the stock market today being influenced by the media—especially the liberal left agenda?

Check Out Our Blog Post On This Topic

You can get more information including graphs and charts like the one below at: https://flemingwatson.com/do-i-need-medicare-supplement-insurance/

 

Do I Need Medicare Supplement Insurance

Have a Question?

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