Personal finance lessons from the pandemic

I thought most about preserving the health and safety of friends and family members. But soon I found myself obsessing about my own finances: Like so many others, I had a big problem.

But now that things seem to be slowly inching toward normality, I am planning to learn from this crisis and do some major tweaking of my finances.The standard personal finance advice is to have at least three months of living expenses stashed away in something liquid and ultrasafe, “just in case.” That made sense to me long before the coronavirus began to spread.

But I do have three mortgages: two on our house in New Jersey, plus another mortgage on our small house in Cape Cod. They add up to a big monthly nut, something I kept pondering during all the time I was stuck at home. When I got home, I went to the Social Security website and discovered if I applied for benefits immediately, I would get 75% of the benefits I would receive at age 66, my “full retirement age.”

Even better, for every month I wait beyond age 66, the monthly benefit goes up 0.66%, which works out to be 8% a year. The numbers look a lot better if I don’t retire until I reach 70. Delaying Social Security until then would give me around $4,000 a month. And if I bought that $500,000 annuity in a few weeks, when I turn 66, and deferred taking payments until I turned 70, it would provide north of $3,400 a month, giving me nearly $89,000 a year.

Ok but when you read it tho 😂 “But I do have three mortgages: two (a conventional mortgage and a home-equity loan) on our house in New Jersey, plus another mortgage on our small house in Cape Cod.” Totally relatable article! Great tips for keeping my vacation home lol

PROPAGANDA MACHINE. FAKESTREAM MEDIA. GREAT INSTIGATOR. FALSIFIER.

Maybe he should make masks out of T-Shirts and sell them online to all the maskophants who think masks work.

His income dried up? It couldn't have anything to do with him being a crappy journalist, could it?

His income didn't dry up because of the coronavirus pandemic...it dried up because of idiotic shutdowns by bureaucratic idiots.

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