Wealth and Wisdom: Week of December 20, 2021
It appears the Federal Reserve is starting to take inflation seriously, especially with last week’s news that wholesale prices are up 9.6% over last year – the largest gain on record. Interest rate hikes are now looking more and more likely, possibly by early 2022.
I enjoyed speaking to so many of you on KMOX yesterday, our last show of the year. My team and I wish you a joyous holiday season – and we look forward to helping you make 2022 your best year ever.
Have a wonderful week!
Inflation is the new #1 threat to retirement
A new survey says Americans now consider inflation the greatest risk to their retirement security. (Reading time: 3 minutes)
How inflation impacts us all differently
Depending on your financial priorities, sometimes inflation can actually work to your favor. (Reading time: 4 minutes)
Cutting the tax bill on those RMDs
Here are some helpful strategies for minimizing required minimum distributions – this year and beyond. (Reading time: 9 minutes)
The 3 big challenges we face in 2022
The storm clouds aren’t overhead yet – but they may be on the horizon. (Reading time: 8 minutes)
And what about stocks?
This is shaping up to be a third straight year of double-digit gains for the S&P 500. Will higher interest rates be a roadblock in 2022? (Reading time: 5 minutes)
Opportunities before year-end
There’s still time to make financial improvements before December 31. Here are seven good ideas to consider. (Reading time: 7 minutes)
Last-minute tax moves for retirees
Taxes aren’t due until next April, but if you want to reduce them it pays to act now. (Reading time: 7 minutes)
3 myths about the Great Resignation
It doesn’t make sense that millions of Americans would just walk away from their jobs. Here’s what’s really happening. (Reading time: 4 minutes)
The income-vs-spending dilemma
When you retire, should you make your spending fit your income – or the other way around? (Reading time: 3 minutes)
Mike’s Pro Tip of the Week
Get a jump on everyone else and start making some financial New Year’s resolutions. Need a few ideas? Try these.
Words to the Wise
“May all your troubles last as long as your
New Year’s resolutions.”
– Joey Adams
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