Today Rob Black talks about several news stories including Avon planning to cut jobs and move headquarters, Obama blocking oil drilling in Atlantic waters, and Lyft teaming up with General Motors to start a short term rental program. He also talks to us about avoiding a retirement savings crisis as the amount of poor Americans is expected to triple by 2050.

Rob and I discuss which media sources we trust for financial data and talk about quantitative easing. Patrick O’Hare tells us why the turnaround in the market does not mean everything is well in the economy and if slow growth means we are headed for a recession.

Email your money question to chad@newfocusfinancial.com , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.

I open today’s show with a rant on the upcoming presidential nominations and the tax code which still desperately needs fixing. I then discuss the sense of relief as the US economy experiences slow growth from the beginning of the years decrease. Other topics include:

• Explanation of short covering
• Is your portfolio right for your risk number, old life insurance policies and long term care insurance situations
• I respond to and email about protecting yourself from fraud.
• Can over-allocating cash harm your retirement success?
• A radio show I listened to about 1031 exchanges and avoiding capital gains urges me to discuss hidden risks and situations you should be wary of

Email your money question to chad@newfocusfinancial.com , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.