The phrase “living off of the interest” is a popular one, but is it practical? In Ep. 311 of the Mullooly Asset Podcast last week, I chatted with Tom and Brendan about whether retirees can realistically expect to utilize a strategy where they safely live off the interest in their account and not touch the principle.
Here’s what I’ve been reading this morning:
- In my latest blog post, I wrote about focusing in on the weakest part of your financial plan and improving that part. It can be significantly less overwhelming than trying to improve everything all at once.
- Michael takes a look at who, or what, is driving the stock market. It’s tough to nail down just one, but there are a handful of factors playing into it right now. Oversold conditions, retail investors in lockdown, Dave Portnoy, and more!
- A few months ago, this headline would have seemed totally ridiculous, but this article outlines why some economists fully believe in the v-shaped recovery around the world. Some surprising numbers have backed up their beliefs.
- While the stock market is no stranger to big up and down moves, even during the same year, the economic situation we’re in is leaving investors constantly scratching their heads. Ben breaks down what exactly is making the market so confusing this year.