May 29, 2022
It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast
This week the theme was: How To Earn More On Your Cash
In case you missed any episodesI talked about how you can earn more on your cash though a variety of investments without sacrificing liquidity when needed or putting your money at a significant risk, just to earn a little more yield. With interest rates still very low, there aren’t a lot of options, but I tried giving you a few idea this week, including:
The most important takeaway from this week is:
Tomorrow, come on back because we’re starting a brand new theme: Don’t Just Sit There, Do Something!
As I record today’s episode, the S&P 500 has dropped 16% this year. At one point just a few days ago, it nearly touched bear market territory, which is a drop of 20% or more. So with the stock and bond markets in a tailspin this year, it’s tempting to step in to stop the bleeding. While it would be a big mistake to sell your investments and abandon your long-term investment strategy during a downturn in the stock market, it doesn’t mean that you just have to sit there either and do nothing.
So next week, I’ll share with you some important and productive actions you can take during this scary time.
Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement.
Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.
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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance