It seems to be the case every week nowadays, but the volatility in the day-to-day markets has been relentless. We always say that volatility is the norm, not the exception, but it doesn’t make it any easier watching things on a daily basis. My recommendation? Don’t watch it. It’s a beautiful day here in NJ, go focus on something else!
Here’s what I’ve been reading this morning:
‘Should You Trust Retirement Calculators?’ – Casey Mullooly – Mullooly Asset Management
- In this week’s video, Casey talks about the assumptions retirement calculators make and how they might not apply to everyone. There are certain assumptions that have to be made when planning for retirement, but what happens when life changes? Or when those expectations don’t actually pan out?
‘Beginning Badly’ – Richard Connor – Humble Dollar
- When considering retirement, and WHEN to retire, sequence of return risk is a big deal for people. Those intending to retire this year may be rethinking that strategy because of it. This article dives into what sequence of return risk is and how it affects retirement plans.
‘Mortgage Rates Hit 6.02%, Highest Since the Financial Crisis’ – Ben Eisen – The Wall Street Journal
- Any time somebody references the Great Financial Crisis of 2007-08, a portion of people flinch. However, just because rates are at levels we haven’t seen since then doesn’t mean the situations are the same. This article outlines what mortgage rates over 6% mean for people.
‘Half of Americans Say Their Pay Isn’t Keeping Up With Inflation’ – Lorie Konish – CNBC
- Inflation is high and it’s starting to show for some people in their cost of living. This article describes how 55% of those surveyed said their pay isn’t keeping up with inflation, and discusses how to potentially negotiate for higher wages at work.