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.

Given the current circumstances, claiming social security earlier than planned might an option for you.  Here we discuss some valuable points to consider.

I have 5 great tips for you to consider if your income has remained the same.  You have an opportunity to do some smart things with your money, so take advantage.

If you've experienced a loss of income recently, this show is for you.  We discuss practical tips that you can follow to help get you through this.  Here is a free download of a month-by-month spending plan. 

Urgent!  You may need to act quickly:  2020 RMDs have been waived.  You might be able to get your money back, but only if you move swiftly.  Also, there is some extra flexibility to your retirement plans that might help you if you are in a financial emergency this year.  

Stop comparing your financial situation with your friends and neighbors...you never really know what lies beneath.

We've got a few thoughts on how you should react during a down market. 

References:
Unemployment Rate by Year Since 1929 Compared to Inflation and GDP
https://www.thebalance.com/unemployment-rate-by-year-3305506

This page contains links to third-party company websites.  By selecting a link, you will be leaving our website and launching a new browser window.  These links are provided for informational purposes only and should not be viewed as an endorsement, sponsorship, solicitation, or other affiliation with respect to any third parties.  

The world faced a brutal pandemic in 1957.  Here's what happened to the economy.

References:
"The Silent Invader" (Westinghouse Broadcasting, 1957)
https://www.youtube.com/watch?v=19GO1OnoeFI
US Real GDP Growth Rate by Quarter
https://www.multpl.com/us-real-gdp-growth-rate/table/by-quarter
1957-1958 Pandemic (H2N2 Virus)
https://www.cdc.gov/flu/pandemic-resources/1957-1958-pandemic.html

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What is the best way to spend some extra money?  There are some nuances to explore.

The Coronavirus and the Presidential Election are weighing on the markets.  It takes a truly disciplined investor to keep their head on straight.

What can you do with RMDs when you don't need them?  We've got 2 ideas that will help you. Here's a free download on this topic: Top 10 Rules to Know About Qualified Charitable Distributions 

You need to have a strategy in place for a disaster.

The government has changed some rules regarding retirement plans.  We review 3 of them and how they may affect you. There's more on this topic by visiting this blog post and a free download of a summary chart of Secure Act here.

Does anyone actually like paying taxes?  Learn about the Roth 401(k).

We discuss the pros and cons of converting an IRA into a Roth IRA.


https://www.threesixtyblue.com/blog/roth-ira-conversions


This is a strategy to get more money into your Roth IRA.

The Roth IRA has some interesting features that you'll definitely want to know about.

Scams everywhere!  Learn how to protect yourself and your loved ones from con artists.  We discuss their tactics and how to identify them. 

Kiplinger.com came out with an article that's worth a review:
https://www.kiplinger.com/slideshow/retirement/T048-S002-6-scams-that-prey-on-the-elderly/index.html



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The idea here is to "bridge" the gap in income from the day you retire until you collect Social Security at age 70.  We discuss the pros and cons.

Barron's recently came out with an article that we discuss:
https://www.barrons.com/articles/social-security-bridge-q-a-answers-to-your-questions-about-the-retirement-income-strategy-51573912801




This page contains links to third-party company websites. By selecting a link, you will be leaving our website and launching a new browser window. These links are provided for informational purposes only and should not be viewed as an endorsement, sponsorship, solicitation or other affiliation with respect to any third parties.

Best store ever, or fate worse than death?  

Are the uselessly entitled slobs going to be helpful after all?  The Social Security Trust Fund is expected to run out of money eventually.  One CEO thinks that the millennial generation is the key to fixing it.  

The Social Security Trust Fund is slated to run out of money.  We discuss some ideas that are floating around to fix it, as well as how you can plan for the unknown.

Here are some ideas to fix the Social Security system.

Here are 5 things for you to review on an annual basis.  Get your finances in order by periodically going over this checklist.  There's more on this topic and a longer list in our blog post here.