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
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.

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

 This page contains links to third-party 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. 

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.


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. 

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
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.  

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

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 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

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.

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=

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.

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

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.

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.