Ep 71: Good News, Bad News in Financial Planning

No one likes bad news and sometimes the good news doesn’t outweigh the bad. On today’s podcast, we talk about a few financial topics that come with good news and bad news.

 

Read more and get additional resources here: https://philstaxhacks.com/podcast/good-news-bad-news-in-financial-planning/ 

 

Watch the video podcast: https://youtu.be/6j5R4FVKzeo 

 

What we discuss on this episode: 

0:40 - Do you want the good news or the bad news?

1:28 - Bad news is you have debt, the good news is the interest is tax-deductible?

3:40 - The fund isn’t performing well…but the fees are low.

5:09 - Bad news: you don’t have enough money to pay for medical care, but there’s Medicaid.

7:49 - Social Security is running out of money, will it get fixed?

11:42 - The good news with the market is that a loss usually comes back eventually.