Episode 59: The Good News and Bad News In Financial Situations

Do you want the good news or the bad news first? When it comes to financial situations, you hope to not have any bad news. In these four statements, David explains why the good news to follow isn’t really enough to soften the bad news.

 

Show notes and additional resources: https://coveryourassetskc.com/episode-59-the-good-news-and-bad-news-in-financial-situations/ 

 

Today's rundown: 

0:44 - The bad news is you have a lot of debt, but the good news is some of the interest you’re paying is tax deductible.

1:56 - The bad news is, the mutual fund hasn’t performed well but the fees are low.

2:58 - The bad news is you don’t have enough money to pay for nursing home care, but the good news is that Medicaid will step in.

3:42 - The bad news is your portfolio lost 40 percent, but the good news is that it will come back eventually.

6:46 - Mailbag: When forced into an early retirement at 57, should I find another job since my pension is not enough to live on?