72% of Americans Are Stressed About Money – Here’s How to Break Free of It

If you’re feeling stressed about money thanks to the Coronavirus pandemic and shutdown, you’re not alone.

72% of Americans report feeling stressed about money within the last month, according to a new survey by the American Psychological Association. It doesn’t help that 35% of Americans can’t last even one month on their savings, according to the July 2020 Retirement Confidence Index.

So how did we get here… and what can you do about it?

Among the many bits of wealth-killing conventional financial “wisdom” is the recommendation that you have an emergency fund equal to 3 to 6 months of your household expenses.

Almost every financial “expert” parrots this advice, even though millions of Americans were out of work for more than a year in the last major recession!

So here’s a 3-step plan to move towards a financially stress-free life…

Step #1: Start Working Towards a Safe and Liquid Emergency Fund Equal to Two Years of Your Household Expenses

[Read more…] “72% of Americans Are Stressed About Money – Here’s How to Break Free of It”

Can You Answer This Critical Question About Your Retirement Plan? (Most People Can’t)

Here’s the most critical question you must be able to answer about your retirement plan…

Do you know what your retirement account(s) will be worth on the day you plan to tap into them?

If you’re saving for retirement the way most people do, you couldn’t answer this question if your life depended on it!

And When You Get Right Down to it, Your Life Does Depend on it!

Here are three reasons why… [Read more…] “Can You Answer This Critical Question About Your Retirement Plan? (Most People Can’t)”