I'll show you why you it's important to maintain that high score, even into retirement.

They're still expected to go up, just by not as much.  That's some good news.

Money problems arise.  Sometimes it's our fault, sometimes not, but when it does happen, it's good to know where we can go for some emergency money.

Lumber shortages are here with no end in sight, compliments of the coronavirus.  

Catching the coronavirus comes with some serious financial risks.

https://money.usnews.com/careers/articles/do-you-qualify-for-coronavirus-paid-sick-leave
https://www.theguardian.com/commentisfree/2020/jun/16/coronavirus-hospital-bill-healthcare-america

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We continue our look at different strategies to get out of debt.

References
https://money.usnews.com/money/personal-finance/debt/articles/easy-ways-to-pay-off-debt#:~:text=Here%20are%2010%20easy%20ways%20to%20pay%20off,of%20balance%20transfers.%20Halt%20your%20credit%20card%20
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Here's my take on various methods of checking out of the Debt Hotel.

References
https://money.usnews.com/money/personal-finance/debt/articles/easy-ways-to-pay-off-debt#:~:text=Here%20are%2010%20easy%20ways%20to%20pay%20off,of%20balance%20transfers.%20Halt%20your%20credit%20card%20
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There are two very common traits that separate the retirement winners from the losers.

References
https://www.nerdwallet.com/article/finance/two-costs-can-make-break-finances
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Credit cards can be your friend.  But if you misuse them, you will suffer the consequences.

You know that feeling of shock when you get your large restaraunt bill?  Imagine that on a grand scale. 

References
https://www.cbsnews.com/news/why-so-many-boomers-need-a-retirement-reality-check/#:~:text=Wish%20they%20had%20saved%20more%20%2876%20percent%29%20Wish,and%20investing%20while%20they%20were%20working%20%2868%20percent%29

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You may have a great opportunity right now to lighten your financial load.

References
https://moneywise.com/a/mortgage-rates-in-geo-plunge?utm_source=syndication&utm_medium=yahoo_finance&utm_campaign=12235&utm_content=unprecedented+rate+drop
https://finance.yahoo.com/news/6-signals-now-time-refinance-222600222.html

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There's something to learn from an epic fail that redeems itself.  The key is to not make the financial blunder in the first place, but what if you've already messed up years ago?

References
https://en.wikipedia.org/wiki/Leaning_Tower_of_Pisa
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Here's a fine example of assuming the best.  Don't let your money end like this parade did.

References
https://www.history.com/news/the-first-macys-thanksgiving-day-parade

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RMDs for 2020 have been waived (and you can return them too!)  The rules have adjusted a few times this year, so make sure you are up to date.  

Feeling the blues about your finances? You need to listen to this true story.


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References
https://www.biography.com/business-figure/colonel-harland-sanders
https://www.mashed.com/131055/the-tragic-real-life-story-of-colonel-sanders/

Retirees are sufferering from herd mentality.  Don't let this be you.

References
"33% of Investors Over 65 Sold All Their Stocks This Year"
https://www.fa-mag.com/news/33--of-investors-over-65-sold-all-their-stocks-this-year-56400.html
"This demographic tends to rely on news to make money decisions"
https://finance.yahoo.com/news/yahoo-finance-harris-poll-news-older-generations-make-financial-decisions-154723797.html
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Loss aversion bias takes many different forms.  Retailers know how to use this to manipulate your thinking.  Don't let them!

Here's a common mental hurdle that many people stumble over time and again.  Identify and avoid it.

This is a mental roadblock that we all suffer from occasionally.  It can wreak havoc on your finances.  Here's how to stop it.   

Economic forecasts are often wrong.  Don't base your planning on what you see on TV. 

Resources:
"Jim Cramer:  Bear Stearns is fine!"
https://www.youtube.com/watch?v=gUkbdjetlY8

The Sherman Sheet
https://www.theshermansheet.com/media/20200421_tuesday/pc/index.html

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The swindlers are getting creative.  Watch out for these two new cons.


Reference
https://www.cnbc.com/2020/05/25/americans-have-lost-39-million-dollars-to-coronavirus-scams-how-to-avoid-them.html

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If you can plan well for the short term, it'll make planning for the long term much easier.  Learn why you should project your liquid savings for up to a year. 


Here is the month-by-month spending plan. 

Your own mind might be keeping you detained from financial freedom.  Here are some thoughts on how to escape.

Your attitude determines your destiny.  Take some tips from a Vietnam War veteran and learn how to adapt to a tough situation. 


References
"James Stockdale 2001"
https://www.youtube.com/watch?v=qhhPSQgzluA&t=

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It's possible that you might need to retire later than planned.  Worry not, it comes with good news.