What you need to know about this popular retirement move

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Hey there, Bullets Fans –

Your Morning Bullets Brief Updates are here! And that means trivia is, too.

On this day in 1927, the Dow Jones Industrial Average surpassed this milestone. What was it?

Think you know the answer? You can check it in the closing area down below!

Joe Biden looking at his watch

Image Source: Reuters

There seems to be some miscommunication between Joe Biden’s transition team and Pentagon officials.

On Thursday, the acting secretary of defense, Christopher Miller, announced that there would be no further briefings for the remainder of 2020.  He issued a statement yesterday saying the break was a “mutually agreed-upon holiday pause.”

However,  a Biden transition spokesperson said yesterday: “Let me be clear: there was no mutually agreed-upon holiday break…In terms of when meetings will resume, meetings, and requests for information, which are substantively interchangeable, it’s our hope and expectation that that will happen immediately.”

Meanwhile, Miller said that no meetings had been canceled.

So, what happens now?

Other Top Financial News

Three critical steps you need to take right now

 

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President-elect Joe Biden has made lots of promises starting on “Day One” or early in his presidency…

He’s promised to undo many of Trump’s tax cuts… boost workers’ rights to unionize… ban natural gas leasing on federal lands… pass new anti-discrimination protections… rescind Trump’s travel bans… and much, much more.

Not to mention the changes we’ll inevitably see because of all the new money printing and debt that’s accumulated over the past few years…

And that progressives will soon usher through Congress…

There’s absolutely no doubt that the next few years are going to see massive transformations to our financial system.

Which is why Porter Stansberry, Founder of Stansberry Research, says there are 3 critical steps every American must take with your money, starting immediately.

 

Debt for the oldest households has increased- this is why

Image Source: Johner Images

More older homeowners have debt than ten years ago. In 2019, over 51% of people 75 years and up owed some money, up from more than 32% in 2007, new research shows

“Even pre-pandemic, those households were still getting into more debt than they had in prior years,”  a key researcher said. “That’s not a place you can easily recover from. It’s not like you can easily get a job at that age and get back on track.”

On top of that, retirees over that age make a median $20,500 a year.

So how do you prevent this situation from happening to you?

Market Movers & Predictions

Thanks for reading once again! And don’t worry, I didn’t forget:

Here’s where you can go to check your answer!

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Fredrick Frost

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