Investing for Retirement - Cramer's Mad Money (7/3/08)

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday July 3.

Take Care of the Essentials

While many investors dream of making a killing on the stock market, they should first take care of three essentials, said Cramer. First, credit card debt should be paid off so they don’t waste their gains on expensive interest. Second, all investors need health insurance, since medical bills are the leading cause of bankruptcy. Third, disability insurance is essential, since any gains made on stocks will be wiped out by unexpected medical bills.
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