It’s been a busy year already and we aren’t even through February yet. Today we’ll address the top stories dominating the news right now – the Coronavirus, impeachment, and the election – and discuss whether these things will affect our retirement and planning in 2020.
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Investing is already a challenge on its own as you try to decide where to put your money, but how much should you be factoring in what’s happening in the news?
As we watch the Coronavirus become an international health crisis, it’s impossible to ignore the impact it also has industries and economies around the world. We all feel the impact of major news whether it’s close to home or halfway around the world. But is that something you should be reacting to when you’re working on retirement?
Today we’ll ask Don that question on this episode of Your Money & Your Life by looking at some of the top headlines in 2020. Along with those unexpected stories, there’s also the news we know is coming like the election later this year. Will these things have a big impact on the market? That’s what we’ll discuss on this show.
We’ll also take an email question about travel insurance. It’s not a product we offer but we have experience working with clients that want to travel extensively in retirement and have weighed the value of getting this type of insurance. Don will share a first-hand story about a client during his answer to the question.
Listen to the full episode to hear the entire conversation or click on the timestamps below to hear specific segments.
[1:28] – In the News: What’s Don’s take on the Coronavirus and its impact?
[4:34] – Don has a client that’s a doctor who’s always surrounded by viruses and never gets sick. This was his advice.
[5:35] – In the News: How about the impeachment and election and its impact?
[6:53] – The key is wisdom and the media doesn’t always provide that.
[8:12] – Cash Connection question #1: I just retired and my husband is retired as well. We’re thinking about doing some serious traveling now. Should we buy travel insurance?
[10:49] – Here are the conversations we have with our clients about travel.
[14:37] – Getting to Know Don: What do you do to stay in shape during the winter?
Resources Related to This Episode:
How to protect yourself from Virus –
Travel Insurance –
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Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advoctaes a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.