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When was the last time you stopped at McDonald’s?
What about Taco Bell, Chipotle, or Jimmy John’s?
If it’s been a while, your next fast food bill could be shocking.
That’s because these restaurants have doubled or even tripled their prices in recent years.
So, it’s now double-digit prices for Big Macs, burritos, and other fast food.
When will it stop and how far can it go?
Picture this: You’re 120 years old.
You’ve been retired for…not 20, not 30, but 60 years. You’ve had a lot of time, but now––not a lot of money.
This may sound like the setup for an unfortunate sci-fi movie, but these days, longevity is an extremely important issue when planning for retirement.
Life expectancies keep rising with advancements in modern medicine, which could potentially give you multiple decades of post-work life.
To enjoy those years to the fullest, it’s time to start thinking about longevity in retirement now.
What does your “ideal life” look like? Seriously, imagine it. The house. The city. The people. How long has it been since you allowed your mind to wander into the realm of possibility?
Simply remembering what makes you happy. What you believe in. What inspires you. I hope it hasn’t been long. But if you’re like most of us––you’re always on the go and distracted, leaving pie-in-the-sky time as a low-rung priority.
Would you say you know more about money than most? You would, if you’re like most investors. In fact, most people rate their financial knowledge higher than average. Yet… can’t pass a basic quiz on investing.
That gap between what we think we know versus what we actually know shows the overconfidence bias at play. And that’s just one bias out of several that can muddy our perspective and misguide our financial choices.
What’s your biggest worry about the next presidential election?
How do you think it’ll play out in your financial life?
Believe it or not, there’s a roughly 50-50 chance you’re worried about the next election tanking your portfolio. You may also be concerned about a recession, rising interest rates, or taxes going up.
No matter what has you feeling unsettled, it can all boil down to one question: Should we make money moves now, based on our election anxiety?
