Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.
If we would have watched no News on TV and just checked our Stock values at the end of the month, we would think the world was all great and we were back on track.
Even though the Stock Market has good days and bad days over the last month the Dow was up over 700 points and our Net Worth had a good Increase also.
Where does the time go? July flew by for our family this year. We are not fans of all this Coronavirus stuff going on. We are trying to watch less news. When we watch the news it makes it seem like the world is ending but then we leave our house and people seem to be out doing things.
We can’t wait till the news has some positive news. LOL I know I am living a pipe dream. Between Coronavirus, Black Lives Matters riots and Arizona Forest fires there is plenty of negative news to hurt businesses and the stock market.
June was nothing like it was last year for sure. So many negative things going on in our world and it is hard to always tell what is true or fake news.
Last year when the Navy recruiters came over to our house the one recruiter brought up about how he wished his parents would have taught him the things we are teaching our boys. I told him that is why we are teaching our boys these lessons and why I am sharing it with the world with my Podcast, Blog and my book to be released hopefully before 2021.
During my working years I always paid for Disability Insurance to make sure I was covered. Back in the days I had heard many stories of people who had freak accidents and were out of work for quite a while and needed the Disability Insurance to help maintain their living expenses for their family.
Coronavirus hurt the Business world even more in May even though all the States started reopening in some way or another. I have heard of many small businesses that have had to file bankruptcy and close their doors for good. A lot of dreams and retirement savings lost during the last few months. It is sad.
Coronavirus in April hurt the Business world. Pretty much every state was shut down. Now in May 35 states have some plans on reopening slowly and 15 are staying shut down longer. In Arizona they have us being shutdown till May 15th.