I discuss how recent market actions affect international economies and how junk bonds fit into this mess. Last year’s weird market prompts a discussion about preparing your portfolio for an expected recession. I explain some problems stemming from Chinese money flowing into the US through real estate purchases and real estate mistakes you should never make. I also give a couple of scenarios to explain the new social security rules regarding the "file and suspend" and "restricted application" strategies.

Email your money question to [email protected] , 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.