Listen "High Interest Rates: Hurting your market-based money... but is there a positive that could help your retirement?"
Episode Synopsis
When your teacher gives you a bad grade, that’s not good. But when a professor at the Wharton School of Business says the Federal Reserve is failing, that’s not good. The higher interest rates are hurting our market-based money. Do these rates have any positive side that could help our retirement accounts? Wall Street will tell you that the stock market will average a 7% return over time. But what will it do over the next 20 years of your retirement? Vanguard just released its prediction for the next 10 years and the numbers are much more conservative. They see around 3.5 to 5.5% annually. Will that kind of slower growth sustain the average retirement portfolio, and if not, are there other alternatives? Call Kevin today for a Portfolio Review - stop losing money! See omnystudio.com/listener for privacy information.
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