Stocks climb a wall of worry.
What does this mean?
Today, we talk about:
- The news always seems bad
- Recessions, trade wars and now impeachment dominate the headlines.
- But the stock market? What has it done.
We'll talk about it on this episode of Monday Morning Money.
Lisa asks a question: Do I need a million dollars to retire?
For some reason, people are fixated on this big round number. Some people will need at least that much if not more. Others will be able to make it work with less—sometimes much less.
We'll talk about the factors which determine the answer to the "how much" question. And we'll give you a brief example of how much income a $1,000,000 nest egg can provide.
The Social Security cost of living adjustment, or COLA, has helped retirees combat the effects of inflation. The SSA recently announced the improvement for 2020. Spoiler alert: This is an ice-cold COLA. We'll talk about how this can impact you, even if you aren't retired.
When preparing for retirement, where do you start? That is a question submitted by Tony. Today, on Monday Morning Money we'll answer it.
"I'm 60 years old and want to retire in a few years. My wife and I have been saving in our 401k's, but the thought of retiring seems overwhelming. I need to figure this out, where do I start?"
In this episode we discuss:
- Do Presidential Tweets move the market?
- There is a lot of noise, but over time, profits drive the market.
- A strong correlation between stock prices and earnings
- Business in America is good.
To see more including the charts we mention in the podcast, visit: http://flemingwatson.com/earnings-matter/
In this episode we will discuss:
- There is almost never just one singular reason, it is a combination of factors.
- A major stock market decline is one factor, but it takes more than a bear market to derail retirement.
- We identify four of the other common factors which lead to disaster.
Are your kids a risk to your retirement? Many parents provide financial help to adult children. That assistance could impact your retirement.
- Some statistics
- It impacts how much you save for retirement.
- How it can impact when and how you retire.
- In extreme cases, it can deplete your nest egg.