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Flight #56: Is It Time To Buy Gold? What About I-Bonds? How To Vote Proxy If You Own Employer Stock And Tax Lessons Learned
Season 1 Episode 56
Aviation News:
- Age 67 retirement? - https://www.lgraham.senate.gov/public/index.cfm/2023/3/graham-senators-reintroduce-bill-to-address-pilot-shortage#:~:text=The%20legislation%3A,be%20renewed%20every%20six%20months
- Bill reintroduces Let Experienced Pilots Fly Act….
- Pilot Incapacitation recent events, Southwest, Envoy, and others
Questions From The Flight Deck:
- How to vote proxy if you're a stock owner.
- DFAS – Discontinue survivor benefit plan (SBP) for military retirement?
- Pros/Cons
- Tax season lessons learned: DFAS withholding, Social Security withholding – defaults to 8%...spouse earning money – 68 cents versus 76 cents. Safe harbor – 100% of this year or 110% of last year is a safe harbor to prevent penalties.
- The stock market has been down – why not get 5% guaranteed T-bills.
- Sell bonds? Sell stocks? What are your savings goals? What if rates drop?
- US Dollar World Reserve Currency: https://realeconomy.rsmus.com/why-the-dollar-remains-the-worlds-reserve-currency/
- "Why the dollar remains the world's reserve currency, and will stay that way"...APR. 17, 2023 BY JOSEPH BRUSUELAS
- We find the recent discussion around the end of the dollar dominance bereft of any linkage to the reality of international finance and understanding of the dollar's role as the anchor of the rules-based order that governs global economics.
- Economies like China that run surpluses need dollar-based demand from the United States to make up for their own weak consumption and high savings rates.
- Rather, the recent conversation is stoked by global grievances about the relative disparity of economic power and the dead end in which some economies find themselves.
- Pilot Money Guys Flight #55: US Dollar as World Reserve Currency
- Here's How Reserve Currencies Have Evolved Over 120 Years
- CDs (callable vs noncallable)
- When to sell I-bonds
- The composite rate for I bonds issued from November 2022 through April 2023 is 6.89
- New rates are 4.3% composite: 3.4% Inflation component and 0.9% fixed rate.
- Kevin "The Professor" Gormley:
Meat of The Mission:
Get up for health and wealth...
Should you own Gold?
Two things: Gold as an investment – diversification? Gold as a currency in times of economic collapse.
https://awealthofcommonsense.com/2015/07/a-history-of-gold-returns/
Why is gold attractive? Hot button issue...
- Gold standard...vs. Fiat currency – us versus them. Very political and ideological.
Three Options For Owning/Investing In Gold:
- Physical gold in your home, safety deposit box.
- How could one use ph
Published on 2 years, 7 months ago
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