It’s Wednesday, so that means it’s time for your reminder to go check out the Mullooly Asset Management YouTube channel! Last week, Casey uploaded an awesome episode about retirement calculators, and another episode is on the way shortly!
Here’s what I’ve been reading this morning:
- One of the most common misconceptions about retirement is that it is a single continuous event. Understanding the different stages of retirement and taking away the assumption that your needs are the same throughout, can help you plan for your future years effectively.
- After Kanye West appeared on CNBC and discussed his views about getting advice from people, Ben wrote about why HIS advice was terrible. Even the most successful people in the world need to take advice from others to get better.
- The Fed has been taking steps to tame inflation over the last few months. Inflation has an obvious impact on the monthly budgets of Americans, but how do the subsequent interest rate increases impact those same budgets?
- In the past 12 months, 21% of Millennials and Gen Zers surveyed have closed accounts. While it’s natural to feel worried during tough times in the market, selling and closing accounts could be a sign of improperly allocated accounts, or investing with dollars that shouldn’t be invested.