During this pandemic, many companies need to reduce costs. One way is to reduce the number of employees. This has led to many companies offering their employees early retirement packages. Should you take it? Karl welcomes guest and fellow advisor Mark Nokyos, CFP to the podcast. Mark works with employees of companies and has a tremendous amount of experience in the area of helping employees with their compensation packages and answering the tough question of whether or not they should accept an early retirement package.
Interest rates are near all-time lows, social security likely will not get a cost of living adjustment this year, and pensions are becoming a thing of the past. The bottom line is that retirement income is becoming harder and harder to generate. Investing in stocks with dividends may be an option that fits nicely within a retiree’s overall financial needs and plan.
On this week’s show, Karl discusses the return of market volatility and what really had investors in a bearish mood. Plus, a listener asks should he take money out of his 401(k) to pay down his mortgage loan.
On the Trey Ware Show, Karl Eggerss discussed the huge rally on Wall Street and the number of companies that were left for dead and for certain bankruptcy are now rallying significantly in the last few weeks.
In this week’s edition from Covenant CIO Justin Pawl:
· Last Week Today. A synopsis of events moving markets.
· The Economy Wins, Economists Lose. The jobs surprise in May is a start, but no confirmation of a V-shaped economic recovery.
· #Election2020. We’re only five months from a big election, and corporate tax rates hang in the balance.