March 27, 2021 Money Matters podcast
- A financial product is not always the solution. 2:12
- Blockbuster and momentum investing. 5:01
- Should I turn my primary residence into a rental? 10:28
- Can I afford all of my money goals? 20:01
- Should I save in a 403(b) and a 457? 29:52
- Should my wife take Social Security at age 62? 41:19
- How can I diversify into gold? 47:01
Could Tesla become a Blockbuster?
On this week's Money Matters, Scott and Pat discuss the long-term problems with “momentum investing,” and why Blockbuster is a good illustration of the potential downfall of today’s hot stocks.
Scott and Pat advise a caller, who owes $550,000 on his mortgages, about whether he should convert his primary residence into a rental. A caller with $760,000 in his 401(k) asks if he can create a $100,000 fund for home renovations and vacations. Scott and Pat speak with a hospital employee, with a family income of $240,000, who wants to save on future tax bills. A man asks if his wife should take Social Security at age 62. Finally, a Minnesota caller asks if a gold-backed debit card could help protect his savings.
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