Two Truths and a Lie
PlanningListen:
On This Episode
Today we’re going to tackle retirement planning through a fun game called ‘Two Truths and a Lie.’ Ron will present Mark with three statements, and he’ll have to tell us which two are true and which one is the lie. This episode is designed to help listeners better understand how various financial elements impact their retirement and overall financial health.
He discusses the impact of inflation on stocks, gold, and bonds, as well as the effects of rising interest rates on borrowers, savers, and lenders. Mark also shares insights on emergency funds, market crashes, and the future of Social Security, helping listeners navigate their financial journeys with informed decisions.
Here’s what we discuss in today’s show:
- Do stocks, bonds, or gold typically do better in inflationary periods?
- Rising interest rates will hurt borrowers, but rising interest rates don't hurt savers.
- Your emergency fund should be growing or it should be liquid.
- A market crash right after you retire can be very problematic.
- What’s the truth behind the future of Social Security?
Thanks for joining us! We’ll be back for another show every other Thursday.
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