March has been mind-boggling when it comes to economic updates! 🤯 The sudden failure of Silicon Valley Bank panicked the markets and investors, and Mike “Silver Lining” Lester is here to translate how the banking crisis does and does not impact consumers.
March is also a very exciting month for NCAA 🏀. But if you’ve listened to previous episodes, you likely know Mike isn’t a huge sports fan. He’s also not a CPA. However, he is a fee-only fiduciary financial advisor that keeps an eye on tax brackets (not basketball brackets) and how planning for inflation AND future taxes in retirement could impact the success of a financial plan.
Then, based on the volatility of wall street and how things over all just “don’t feel right”... Kristen asks Mike a brave question: Should we consider an Annuity if it pays 5% since that’s currently higher than many money market and savings accounts?
His answer may surprise you...
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