There is an abundance of activity going on right now, but today’s show is all about taking it back to basics. How can you make the right personal finance decision today that will set you up for the next 10 years? Are you in the position to make investment choices based on your current finances? What will we do if the coronavirus returns? All of these questions are answered with these 12 tips that can be used a model for your stock market investing practices.

• Why do Americans fear running out of money more than death? A recent Allianz survey found that 61% of Americans fear running out of money in retirement more than they fear death itself. The shift reflects structural changes: pensions have largely disappeared, 401(k)s placed the risk of retirement success on individuals, life expectancy has stretched, inflation has accelerated, healthcare costs are rising, and Social Security is on track for a benefit cut. The fear is rational — and the planning response is to build a multi-source income plan rather than to hope a portfolio alone is enough.