Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time.

Wealth Health Radio with Joe Murphy

English - April 12, 2024 16:00 - 52 minutes - 47.8 MB - ★★★★★ - 1 rating
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Previous Episode: Joe and Steve discuss various financial topics, including the national debt, retirement planning, and investing options.

Next Episode: oe Murphy discusses the potential impact of the Tax Cuts and Jobs Act (TCJA) sunsetting in 2026 and how it can affect tax rates.

In this episode, Joe Murphy discusses the impact of inflation on retirement planning. He explains how inflation works and the decrease in purchasing power it causes over time. He emphasizes the importance of planning for inflation and diversifying investments to mitigate risk. Joe also highlights the need for an emergency fund and the role of a financial advisor in navigating the current volatile market. They explore the historical context of rate cuts and the risks associated with cutting rates too quickly. They also emphasize the importance of reviewing investment allocations and considering diversification to protect retirement assets. The conversation then shifts to the topic of charitable giving and strategies for maximizing tax efficiency. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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