Don't Let Your Emotions Derail Your Retirement, Ep #142

26/05/2023 24 min Episodio 142
Don't Let Your Emotions Derail Your Retirement, Ep #142

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Episode Synopsis

Emotions are often the drivers of our financial decisions. This year we've seen record inflation. The Fed continues to raise interest rates. There is a banking crisis. Then there's the discussion of whether or not we're in a recession. Many people have wiped their savings and emergency funds and have held them as cash because they're worried their bank or credit union might fail. 2024 is another election year. But a lot of this is noise. The market will always fluctuate because of numerous factors. As a financial planner, when short-term concerns arise, it's my job to remind people of the long-term goals they have. There will be numerous things per year that can throw us off course—if we react adversely. Listen to this episode of Retirement Made Easy to learn more about controlling your emotions when things get tumultuous.  You will want to hear this episode if you are interested in... [6:49] Why you can't let short-term concerns derail long-term goals [9:42] Should you put money into CDs or money markets? [11:23] People make purchase and investment decisions based on emotions [15:52] Learn more about the bucket strategy for investing Resources & People Mentioned 3 Steps to Retirement Planning The Retirement Bucket Strategy Connect With Gregg Gonzalez Email at: [email protected]  Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made EasyOn Apple Podcasts, Spotify, Google Podcasts

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