As I type this, a new episode of the Mullooly Asset Podcast is being recorded! Have you listened to the last episode? If not, click here! Each podcast episode gives our thoughts on what’s happening in the financial world. Don’t miss it!
Here’s what I’ve been reading this morning:
- When investors are preparing for retirement, it’s tempting to want to “turn off the risk” in their accounts. Tom explains why that’s not a good idea while he walks through some numbers regarding how long retirements last, and what retirement investors can expect.
- The Fed has been raising interest rates for the last few months, and it’s having an impact on credit cards. With the average annual rate now at 20% for the first time in a while, this article looks at ways to pay down that high interest debt.
- We’re currently in the midst of a bear market. Everybody wants the answer to the main question: when will this be over? Well, to get out of a bear market, stocks need to find a bottom first. How long does that take? Ben answers that question in this post.
- The stock market is down over 20% this year, but that seems like nothing compared to the cryptocurrency market. In this post, Adam has some reminders for folks whether you own a freefalling cryptocurrency or not.