Over the last 18 months, the Federal Reserve has been increasing it's interest rates. And because of this interest rates on cash, CDs, Money Markets, Mortgages, and Car Loans have also increased.
In fact, interest rates are the highest we have seen in quite some time. Which can create some issues after such a long period of low interest rates.
We got used to really low mortgage rates, but it seems like those are a thing of the past. And now you can get 5% on a 6-month CD! What a welcome sight...
Well, these higher interest rates have led to some bad investing behavior. People are trading in their long-term "risky" investments for short-term "safe" investments. In this episode, I share why this is could be a major investing mistake.
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What is Retirement Answers?
Retirement Answers is a podcast built to help you succeed in retirement. The thought of retirement can be overwhelming and downright scary for many... but it doesn't have to be!
The goal of this podcast is to provide thoughtful insights and strategies to give you the confidence you need to retire successfully. At the end of the day, my ultimate goal for my clients and podcast listeners is to live a fulfilling retirement.
Follow along as I publish a new episode each week covering everything from retirement income planning, tax planning, Social Security, insurance planning, investing, and much more.
Here's to learning everything you need to know to live out your dream retirement!