Kerry Lutz's--Financial Survival Network

For October, markets were up across the board. Dow up 5.8% 35800 and S&P 500 up 6.9% to 4605, Nasdaq up 7.3%. Russell 2000 up 4.2%, TSX up 4.8%, and TSX.V posted a major 10.6% increase. VIX settled back down to 16.3. The Dollar was mostly flat closing at 94.14 and the Euro was .2%. 10 Year yield up slightly 2.6% to 1.56. Bitcoin closed at 60698 for a massive 38.5%. Gold's up an unimpressive 1.7% to 1784. Silver was up 8.1% to 23.85. Pt added 6% to 1018. Pd was up 5.3% for the month to 1937. Copper up 10% to $4.46. WTI keeps going higher 11.4% to 83.57. Brent up another 10% to 84.43. Natgas skidded 7.5% to bring it to 5.43. Uranium added to its parabolic move up 7.1% to $45.50, more thanks to the Sprott Uranium Trust. 

Ratios:  Au:Ag down to 74.7, Pt:Au .57, Pt:Pd .53. BRT:WTI 1.01, WTI:HH 15.4, and AU:WTI 21.3.  

Summary:
As you get older, it’s important to have a plan regarding retirement, social security, and medicare. I speak with Mark Singer to address how changes in the economy are affecting these things, and what the benefits will look like based on the circumstances. Social security is seeing a substantial increase, but at the cost of the funds potentially running out faster. Tune in to get insight from Singer and myself on how you can prepare for what’s to come.

Highlights:
-Lots of individuals are wondering what to do in terms of social security, medicare, and retirement
-Mark Singer is the proprietor of 55retire
-Social security is getting the biggest increase we’ve seen in decades…will it last?
-The first two quarters ran about 5.5-6% higher than the previous year, and for the 3rd quarter it showed a 5.9% increase from the previous year
-As a result of this inflation, social security’s liquidity decreased by a year
-If we do nothing, social security will not have enough necessary funding to provide 100% of the benefit. Starting in 2033, they will be able to pay out 80% of the benefit
-There are ways we can increase the funding
-Be cautious of long term investments in consideration of interest rates
-Inflationary prices will probably stay with us for another year
-Get your goals straight and your strategy worked out so that you can prepare for what’s to come

Useful Links:
Financial Survival Network
55retire
Retirement Quiz

'What's Inflation?' with Mark Singer

'Semi-Retire at 55' with Mark Singer