July 26, 2020
Here is a highlight from our recent Ask a CFP Pro Show, (You can hear the full version here).
Heidi is 10 years away from retirement. She asks: "What should I be Doing to Prepare, and should I pay off my mortgage before I retire?
If you would like to have your questions answered on an upcoming show, you can send it to us using this link:
Do you have a question we can answer on a future show? Ask it here: Click here to ask what's on your mind.
Are you ready to retire? Learn how you can get you free Retirement Snapshot.
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July 19, 2020
Maintaining spending levels in retirement can be a challenge. A recent study showed that nearly half of retirees were forced to reduce their spending because they didn't have adequate resources. What are some of the characteristics of those who were forced to cut their spending? We'll explore that so you can make better decisions about your retirement.
Do you have a question we can answer on a future show? Ask it here: Click here to ask what's on your mind.
Are you ready to retire? Learn how you can get you free Retirement Snapshot.
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![Ask a CFP Pro: What Will Happen to the Stock Market if Trump Loses?]()
July 5, 2020
Welcome to our second Ask a CFP® Pro show. Today we talk about:
- An update for the stock market for the first half of 2020. (0:46)
- Some tax relief if you took your Required Minimum Distribution early in the year. (3:07)
- A tax deduction created by the CARES Act (even if you don't itemize). (3:44)
- And answer your questions.
Here are the questions:
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The money in my checking account isn’t earning anything, and I probably have too much in that account anyhow. What can I do to earn a better return on my cash? (5:02)
- Will the Charles Schwab – TD Ameritrade Merger affect me? (9:31)
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If we are setting up a college account for a grandchild, do we have to open the account in the state in which they live? Can we set it up in Ohio even though they live in North Carolina? (11:28)
- What are some of the things people with lower income, who are just getting started invest in? (13:41)
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How do you select dividend producing stocks? (17:03)
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What if President trump loses the upcoming election, What will this do to the stock market? (20:45)
- What is the best way to invest for retirement about 10 years before you retire? Is it best to pay off your house before retirement? (23:59)
We have pictures. Click here to see them: https://flemingwatson.com/ask-a-cfp-pro-what-happens-to-stocks-if-president-trump-loses/
Do you have a question we can answer on a future show? Ask it here: Click here to ask what's on your mind.
Are you ready to retire? Learn how you can get you free Retirement Snapshot.
Other ways to listen to Monday Morning Money:
Subscribe where you find your podcasts.
May 31, 2020
Today is the first episode of our Ask a CFP series. Each month we will answer your questions about money, investing, and retirement.
Today's Questions:
1. Are airline stocks a good buy? What's the best way to invest?
2. My employer stopped matching my 401k, should I stop my contributions, too?
3. Since my IRA has decreased in value, is now a good time to convert it to a Roth?
4. With businesses starting to reopen, is now a good time to buy stocks?
5. Do you think we've seen the end of the bear market? Are you pessimistic or optimistic about where we are going?
We'll give our answers to those questions on today's show.
Do you have a question? Ask it here: https://flemingwatson.com/askacfppro
To hear this episode on our website, visit: https://flemingwatson.com/are-you-pessimistic-or-optimistic/
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