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In case you haven\\u2019t noticed, the recent election has had a pretty significant impact on the strength of the dollar worldwide. The U.S. dollar is actually gaining strength in the world economy - it\\u2019s at a 13 year high - and it\\u2019s in large part because of what financial gurus around the world believe is going to happen in the U.S. economy because of the election of Donald Trump. But do you know what impact the growing power of the dollar will have on you? If you want to hear how this phenomenon happens, why it happens, and what it means for you, I\\u2019ve got you covered on this episode of The Retirement Answer Man.
The term \\u201cFOREX\\u201d stands for \\u201cForeign Exchange Market\\u201d and it\\u2019s where people worldwide trade in currencies. You may not have even known such a thing happens. But anytime you go to another country and you have to trade U.S. dollars for another currency, you\\u2019re taking part in a FOREX style trade - one currency value compared to another and exchanged in kind. With the rising value of the dollar these days the FOREX market is going a bit nuts at the moment. Find out why and what it means for you on this episode.
After my comments on the last episode of the podcast about John Hancock\\u2019s announcement that it will be getting out of the long-term care business, some of you were a bit concerned. You have JH long-term policies so you\\u2019re wondering what\\u2019s going to happen to that policy. On this episode, I walk you through the scenarios of what typically happens when a large insurer like John Hancock makes an announcement of this type, including how they take care of the policy holders they already have on the books. I think you\\u2019ll find that it\\u2019s not as bad for you as you may be fear.
A listener to the podcast wrote to me this last week pointing out that long-term averages indicate that market downturns are almost always corrected over time. Looking at that fact he suggested that because the market will correct itself in time we shouldn\\u2019t be so concerned if we are living through a market downturn during retirement. But I\\u2019ve got a slightly different take on the issue simply because even though the facts and figures do add up just like he\\u2019s saying, we are emotional creatures and aren\\u2019t always able to live with the reality of what\\u2019s happening around us. You can hear my entire train of thought about the subject clanking along the tracks, on this episode.
It\\u2019s time once again for my annual listener survey. It may not sound like a very exciting thing for you to take part in but the responses I receive from the listener survey are the primary way I determine what I\\u2019m going to be talking about over the next year\\u2019s episodes of the podcast. I\\u2019d really love to get your feedback and input. It\\u2019s a great way that you can help me help you! If you\\u2019d like to know how you can take part in this year\\u2019s survey I cover it step by step on this episode of the podcast so set aside some time and give it a listen.
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Contact Roger: http://www.rogerwhitney.com/retirementanswers/
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