https://www.treasurydirect.gov/savings-bonds/i-bonds/ Can anyone give their thoughts, info, or advice on this. My mother has a considerable amount of money in the stock market and she is in need of 24/7 home care which is expensive. Thankfully we have a company that provides a live in that only has 12 hours a week off. GOD bless her. Obviously the stock market is tanking and she is taking a hit. I don’t know how to advise her.
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Physical Gold and Silver is the safest place to protect your wealth.
This whole fiat shit show is about to implode.
Might not be the best in her situation.
Sell now if you have an immediate need like that. First you have to take care of yourself and stay alive, then you can play the long term game.
...contact a certified financial planner ASAP.....
How do I find one?
...contact your chamber of commerce...
...also your bank may point you in the right direction...
...and if you have one, a family attorney....
Her money is with fidelity.
Sell now and buy silver and gold , physical only.
Stock market is like a savings account that can go to 0. There are some options:
Some retirement plans allow you to self-direct. I know a group that manages by investing in low volatility stocks. Lower gains but also lower losses (overall outperforms the average).
Move that money into cash flowing investments. Real estate or businesses. Cash flow is king. Using good debt can increase your basis and provide tax benefits.
Use PIGS and PALS, good debt and depreciation to achieve 0 taxes legally.
Educate yourself:
Rich Dad Poor Dad
https://m.youtube.com/watch?v=wp7Lz1svVro
https://m.youtube.com/watch?v=grVD6e4NILw
https://m.youtube.com/watch?v=wglndSWrvsM
https://m.youtube.com/watch?v=ZUbfskQ-GAY
https://m.youtube.com/watch?v=p13s38JW9ng
https://m.youtube.com/watch?v=taCl3MLVSVU
https://www.youtube.com/watch?v=43GBsvmcRj4