23 Billion dollars. This is how much money is spent every year on Mother’s Day on anything from buying flowers, cards, or taking your mom out for brunch according to the National Retail Federation.
Just as Mother’s Day has an impact on our economy, decisions on what to do with your money may also have huge impact on your life down the road. A common question that has been asked in the past couple weeks for Michael Clark and John McCann has been what to do with your money when you retire from the FRS (Florida Retirement System). If this is something you have had on your mind you will not want to miss this episode because this show cuts through the noise and nonsense about money and gives you the tools you need to build wealth, invest for the future, and put a plan in place.
The quote of the day this week is “A mother is one who can take the place of all others, but whose place no one else can take”.
Need to find something from today’s show? We have you covered down to the minute!
• History of Mother’s Day – 5 min
• Thrift Savings Plan (TSP) – 14 min
• Using Drop program money for paying off debt? – 22 min
• Goal Planning in a nutshell – 26 min
• Social Security and Disability Insurance taxable? – 33 min
The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Michael Clark and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.
Ep. 115: Mother’s Day Money Talk