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An Analysis of the 2020 Stock Market September Slump
If you’ve been following Crash Proof Retirement over the past several years, you may remember our discussion of the “September Slump” back in 2019. That’s the name economists have given the stock market based on its tendency to decline in the month of September of every year. Investopedia reports th...
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How to Avoid Common COVID-19 Scams That Target Seniors
For Phil Cannella and the team at Crash Proof Retirement, consumer advocacy goes beyond retirement planning. While it is important for every senior to be thinking about safe retirement strategies that will prevent them from losing their savings to a volatile stock market crash, they also need to be ...
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Will the Dow Jones Ever Hit 30,000?
In the last week of February 2020, things were looking good for the Dow Jones Industrial Average. With the stock market on its longest bull run in history, this long-respected index looked like it was well on its way to a new record — 30,000 points — and perhaps beyond. Then, on March 11th, 2020 t...
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3 Things Your Advisor Won’t Tell You about Retirement Planning
Whether you’re in your twenties or getting close to retirement age, it never hurts to start planning for the future. Ask yourself, what expenses will you have? How much money will you need to be financially independent in retirement? What’s the best way to save that money? While some experts say...
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The Impact of a Second Stimulus Package
In the early days of the COVID-19 pandemic, businesses all over the country were forced to close, leaving millions out of work indefinitely. As Americans struggled, Congress passed the CARES Act, an economic relief and stimulus bill aimed at boosting the economy and keeping small businesses running...
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Biggest Retirement Planning Mistakes When You’re in or Near Retirement
Wouldn’t it be great if retirement planning was simple? That way, everyone would have all the money they needed to live the retirement of their dreams. Unfortunately, retirement planning in the real world is anything but simple. There are countless investments to choose from, plus considerations ...
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The Benefits of Investing in Long-Term Care Insurance
With an estimated 10,000 baby boomers retiring every day in the U.S., individuals and families are forced to grapple with the realization that retiring, especially for those in need of long-term care, is expensive. According to data compiled by the U.S. Department of Health and Human Services, the ...
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Will the Stock Market Have a V-Shaped Recovery?
After the longest bull market run in history, stocks came crashing back down to Earth in March when news of the COVID-19 pandemic shook investor confidence. Major stock indices went tumbling as businesses closed across the country and millions of workers became unemployed over a span of weeks. Whi...
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Don’t Wait to Collect Your Social Security Spousal Benefits
Generally speaking, the longer you wait after reaching your full retirement age to collect Social Security benefits, the larger your monthly payments will be. For most people, that means waiting until age 70 to start collecting. If you can afford to wait, it makes a...
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The Financial Fallout of the COVID-19 Pandemic
As COVID-19 spread around the globe, the consequences have been far-reaching. The true costs of this pandemic have been measured not just in human lives, but in financial devastation as well. With businesses shut down and quarantine keeping shoppers at home, many fa...
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