Your Money & Your Life Podcast

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Coronavirus Market Update

The coronavirus struck quickly across the country and it caused a rapid sell off in the market that has many people worried. How bad will this be? What can you be doing for your retirement plan? We get the latest from Don Cash with his perspective on what we’re witnessing. 


Read more and get additional resources here: 


Today's rundown: 

1:24 - Let’s talk about what’s happening here and across the country with the coronavirus.

2:22 - Life has changed in many ways.

3:15 - Don talks about an app he’s been using to show gratitude daily.

4:23 - There’s not a lot of positivity in the news right now.

6:25 - Has Don been getting inundated with calls from clients? What kind of conversations is he having?

8:31 - What kind of financial topics are you covering right now?

9:30 - People are prone to react with fear in uncertain times.

10:44 - Is it a good time to buy?

12:44 - How do you see the government proceeding over the near term?

13:51 - People are looking for a v-shaped recovery. 

15:01 - This time there’s no fear of a bank run. 

15:58 - What are the things that can hurt your retirement plan right now?

18:04 - What other time of history would you rather be living in when it comes to dealing with this type of situation?

19:35 - With all the talk of selling, many people are actually adding. 

21:30 - Getting to Know Don: What’s something you’ve done before that you’ll never do again?

Revisiting the SECURE Act: Inherited IRAs

Have you heard of inherited IRAs? The SECURE Act changed a lot of rules, including the details surrounding the inherited IRAs, so you’ll want to know how to plan accordingly.


Read more on this topic and get additional resources here: 


Today's rundown: 

1:27 - How has the SECURE Act changed things for us?

3:51 - How have inherited IRAs changed?

7:32 - Are there RMDs in the new rule?

9:26 - Which beneficiaries are exempt from this rule?

10:15 - If you listed a trust as your IRA beneficiary, you’ll want to revisit that with an estate planning attorney. 

12:09 - Cash Connection: What are the contribution limits and rules for a Roth IRA?

17:42 - Getting to Know You: What is special about where Don grew up?

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