Radio Show #142: Stock Market Records: Room to Run or Bear Trap?

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Dow 16,000, S&P 1800...are these new levels signs of more gains ahead or a giant bear trap? Luckily, our listeners know that round numbers are nice, but they have little to do with real financial matters.

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Nolan started the show with a question we often field: is it better to contribute to retirement or pay down debt? The answer depends on a number of variables, including the interest on the debt. In this case, it's tough to make the case for paying down cheap student loans.

At age 57, Bill is wondering whether or not he still needs life insurance. I suggested that he consult one of my favorite financial calculators, from the folks at lifehappens.

Michael purchased a variable life insurance policy 15 years ago and wants to know what to do with it now.

Does Eunice need long term care? She is a 69 year-old widow in good health, but wants to preserve her nest egg for her kids and grandkids.

We fielded Social Security questions from Ralph, Mark and Blanche. As a reminder, the Social Security web site is a treasure trove of valuable information.

Finally, Bill wondered whether he should use cash to purchase rental property.

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE