We have $190,000 in retirement savings and want to use the COVID-related distribution rules to pay off $40,000 in debt — should we?

Receiving an inheritance after the passing of a loved one, especially when it’s unexpected, might leave you feeling a little overwhelmed by the options.

Losing a spouse is difficult, but it can be comforting to know that Social Security survivors benefits could help keep your financial house in order in the years ahead.

Scott Bishop was interviewed by Alessandra Malito about how much you need for retirement – and how COVID-19 may change that in terms of retirement savings and retirement withdrawal rates.

Scott Bishop was interviewed by the Financial Planning Association about the CARES Act and what the Coronavirus Relief Package Can Do For you – especially as it has to do with cash flow planning.

Young people are trying to make it rich in the stock market amid the COVID-19 pandemic and economic downturn. Online brokerages are seeing record increases in new accounts and in trading activity. Many are from millennials and Gen Zers who are starting from scratch, with no background in stocks. However, they’ve been enticed by zero fees and easy access via smartphone apps from companies like TD Ameritrade and E*Trade. Michael Smith, President, and Co-founder of STA Wealth Management says it’s great to have so many new people in the market. He has a warning for newbies, though, in light of the economy: not every company is going to make it. “The common stockholders can get taken out. The bondholders stay protected. So, bankruptcies will affect and can wipe out the stockholders,” Smith said. Smith also urges young people to make sure they’re learning about stocks (and getting stock advice) from a trusted source.