One of the biggest changes of the past year has been the record number of Americans who are quitting their jobs. It’s so pronounced that it has a name. It’s called “The Great Resignation.”
What The Great Resignation means for retirement planning is just one of the items on Christine Benz’ financial to-do list this year. Another major area of focus is adjusting to much higher inflation. Consumer Prices increased 7% in December versus a year ago, the fastest increase since 1982 and the third month in a row that inflation exceeded 6%.
This elevated rate of inflation presents a big planning challenge. Benz, who is Morningstar's Director of Personal Finance, is joining us for the fourth year in a row to help us get in financial shape for a new year and will tackle these important changes among others.
WEALTHTRACK #1829 broadcast on January 14, 2022
More info: https://wealthtrack.com/rising-inflation-interest-rates-expensive-markets-call-for-reassessing-retirement-plans/
30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances: https://amzn.to/3FlPtGZ
Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: https://amzn.to/3fmW2i5