Yesterday, Matt filled you in on a certain situation — a situation we believe poses enormous risk to your financial security: Inflation. As he explained, at current inflation levels, not only is your existing cash getting crushed… But over time, your retirement account could lose over 75% of its value.
Hallelujah! With the Fed raising rates, we can finally start earning something on our cash: For example, as of this week, we can earn more than 3% on a 10-year U.S.
In 1985, when I was about to go to college, I bought myself an expensive watch. It was a brown Movado, with a brown leather band, and it cost about $150.
Uh Oh, “Shrinkflation” Is Here Headlines abound about companies raising prices due to inflation. But little noise is being made about another way businesses are sticking it to consumers like you.