Mortgage applications have dropped through the floor. Is the mortgage refinance party over? Our roundtable, including Linda P Jones from Be Wealthy and Smart podcast and Thomas Frank from Listen Money Matters weigh in on that, as well as index investing strategies, buying individual stocks, when to buy your first house, and much more!
Joe & OG tackle headlines about pension cuts. When is it time to decide that you should cash out of your pension? They’ll share the answer, but it’s probably….the sooner the better. Another heading asks, “how much do you need to retire?” They’ll also give their feelings on that topic. Later, they take questions about mutual fund choices AND using gold as a cash reserve. Good idea? They’ll let you know.
Thanks to MagnifyMoney.com for sponsoring our podcast!
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<> Newsreel Headlines
– Proposed Illinois Budget Includes Deep Cuts To State Budget (NAPA – net)
– How Much Money Do You Need For Retirement? (Motley Fool)
<> My Dad’s Shortwave Roundtable Discussion
On today’s show
Linda P Jones from Be Wealthy and Smart.
Linda’s site: Be Wealthy and Smart
Linda’s Podcast: Be Wealthy and Smart Podcast
Thomas Frank from Listen Money Matters
Check out Thomas’ site: Listen Money Matters
Thomas’ podcast: Listen Money Matters
Greg McFarlane from Control Your Cash
Greg’s latest on Investopedia:
Mortgage Apps Plunge as Rates Hit Highest Level of the Year (Yahoo! Homes)
Letters from Mike (follow up) and Justin (gold as cash reserve)
<> End Show/Movies
Joe reviews Kingsmen Secret Service