What do you get the young adult child who already has everything? How many gift cards do you really want to buy? Socks? Really? Fear not! We have created the Financial Planner's 2019 Holiday Gift Guide. And it is sure to be a big hit.
Earning compound interest can make you money—potentially a lot of money. We'll show you a couple of examples of how you can benefit from compounded returns. We also share the most important elements: the return you earn and time.
This is part 2 of our Compound Interest Series. Part 1 can be found here.
On today's show, we talk about paying compound interest. We'll discuss:
- The impact of time
- The impact of the interest rate
Be sure to visit our website for the charts which illustrate what we discuss. The link is: https://flemingwatson.com/paying-compound-interest/
Is gold a good investment? We answer a listener's question about the shiny metal. We will discuss:
- Where gold really shines
- Some potential costs
- And things to consider when deciding if it is right for you.
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?"