On this episode of "On the Money" Paul Ruedi, David Ruedi, and Dr. Fred Giertz discuss how the stock market can rise in spite of record unemployment numbers and the value of staying invested during difficult times.
(1:31) Unemployment Numbers
(6:41) Staying in your seat during turmoil pays off
(11:53) Caller Question: If the government creating all this money to fund operations doesn’t have any consequences, why do we even pay taxes?
(17:35) The risk of living on fixed income
(27:29) How are retired clients feeling right now?
(29:29) Should you reconsider when you take Social Security?
(36:00) If you haven’t received your coronavirus check
(39:15) Avoiding taxes on college refunds
(42:20) What should you do now with money that needs to be invested eventually?
(50:07) Self-employed and gig workers now eligible for unemployment