Welcome to the Jill on Money Coronovirus Market Update. It is Monday, July 6th.

Hey, how about starting with a little good news? Because we sure do like good news here as well.

It's been a rough bunch of months. This virus has kicked the blank out of all of us.

And so what is one of the upsides of this crisis,

at least on the financial world?

It is that interest rates are really low.

Well, check this out. We now have learned that federal

student loan interest rates have hit or about to hit historic lows.

For the 2020, 2021 academic year, the one coming up, right?

The interest rate on federal student loans for undergrad's

2.75%. That beats the previous low which was back in the

2004-2005. Grad students, your rates rates 4.3 percent parent plus loan rate 5.3 percent. Can you

imagine this is fantastic? I'm so psyed about this. Of course it's only for federal loans. A lot of the folks out there, you might have private loans or maybe have older federal loans and they are more expensive.

You should look into refinancing.

Remember we had a guest a while back, David Klein from Common Bond.

That's a good company check out.

So I encourage you to do that. All right, let's get to your questions. It's a long weekend. We're coming back into a work week. You know, it'll be the dog days of summer, but frankly, summer is going to be better than the spring, hopefully, for most of us.

Connie writes, I am a widowed 67-year-old retired educator.

Okay, I have reasonably good health, and I'm easily able to live off my pension plus my

Social Security. My invested assets not including my home exceed three and a

half million bucks about a million of which is in an IRA. I've already named three of my favorite charities

as beneficiaries to the IRA. My two sons are well educated, fully employed, and

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