Welcome to Monday Morning Money. A short podcast (about 3 minutes) about personal finance, retirement, and investing.
How could your taxes change in 2021? We're still waiting on election results. But, we can look ahead to the potential changes to your taxes if Joe Biden wins the election.
To learn more, visit: https://flemingwatson.com/how-could-your-taxes-change-in-2021/
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.
To see more or ask a question, visit: https://flemingwatson.com/can-you-still-do-qualified-charitable-distribution-in-2020/
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?
To learn more, visit: https://flemingwatson.com/is-gold-a-better-investment-than-stocks/
To read the article we mention in this episode, visit: https://assetbuilder.com/knowledge-center/articles/golds-romantic-delusion
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!/
