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Big Picture Retirement®

#064: Timing The Stock Market, and Protecting Social Security From Nursing Home Bills

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7546 Ratings

🗓️ 19 March 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

Each month or so, Devin and John devote an episode to answering listener questions. This week, they've picked two great questions submitted by listeners like you.

Devin answered this question: "Is this a good time to invest?"

John tackled the concern from a listener who asked: "Is there any way I can keep a nursing home from taking my Social Security?"

For more information, visit the show notes at http://www.bigpictureretirement.net/064

Transcript

Click on a timestamp to play from that location

0:00.0

The Big Picture Retirement Show does not provide specific tax, legal, or financial advice.

0:05.1

Listeners are encouraged to seek out their own advisors in these areas.

0:12.8

Hello everyone and welcome to the Big Picture Retirement Show, where we deliver insight

0:16.8

on what you need to know for a meaningful and successful retirement.

0:20.9

If you are planning for or living in retirement, this is the show for you.

0:25.8

I'm Devin and John Ross is with me today, as he always is.

0:28.6

Hi, John.

0:29.2

Howdy.

0:33.1

So, John, we're running a little bit behind here.

0:37.4

Do you hear this? I don't know if the mic's picking

0:39.0

this up or not, but yeah, I can hear that. Those are questions that are coming in.

0:45.8

Yes. That we haven't answered. And we've got a stack of these now. And we're going to have to

0:51.2

dedicate some episodes to jump into these questions. Because after all, we are here for the listener, right? That's right. Now, I will say that, you know, we've had a few posted on the Big Picture Retirement Facebook page. Yes, we have. It's a closed group, which means if you want to check it out, you're going to have to get on there, get on Facebook, go to big picture retirement, and ask to be part of it. That was a question that came in yesterday. And I was sitting there hoping that you would answer it because I thought, I don't have any idea what the answer is. I hope John jumps on here pretty quick. And there I did. I jumped on and answered it. You did. You did. Yeah. But yeah, you know, get on there and we will scrupulously review your request to join and then accept it unconditionally.

1:30.2

Absolutely.

1:32.2

So let's pull a couple of these questions out that I think, you know, this question at least that I'm pulling out, I think it's very timely.

1:38.8

And then you've also gone through here and picked one out.

1:41.9

So this is a very short question. This did not go long

1:47.0

and into detail like some of these do. It says, is this a good time to invest?

1:52.8

Now, it's a short question, but there's a lot baked into that. There's a whole lot baked into that.

1:57.5

That's a big question. So it brings us to the question, you know, is this a,

2:01.3

is this a good time to invest? Or are we putting our money in right before the big crash

2:06.2

happens, right? Right before it starts to decline. And that's the fear that we all have.

...

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