Today I discuss the devaluation of China’s currency, Alan Greenspan’s bond bubble warning, medical care for Americans retiring abroad and life insurance policies that wreck your retirement.

I talk about China's decision to devalue their currency by 2% and the potential global effects.

I make some comments on the ridiculousness of Alan Greenspan's bond market bubble warning.

I talk about medical care concerns for Americans who plan on retiring abroad.

A listener asks if having a pension and social security means he doesn't need bonds.

I discuss a Wall Street Journal article where a teachers retirement is being hurt by his life insurance policy and how to determine if your policy is a retirement wrecker.

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.