Back in 2019, we had a lot of fun discussing billionaire Ray Dalio’s statement that “Cash is Trash.” Recently Ray flip flopped on that, telling CNBC that “Cash is a better investment than stocks and bonds.” Steve, do you agree? Isn’t this a great example of why we need a financial advisor because the economy is constantly changing… and so should our investments? Deciding whether to retire now during an economic downturn can be a scary decision. It might force someone to put off leaving the workforce. T. Rowe Price has researched something it calls a “pre-tirement” strategy, in that you delay the retirement date but not the gratification. Is this a good plan for someone who’s sitting on the fence?
Tune in with Steve Aul for “The Aul Financial Hour” every Saturday at 10 a.m. on KMOX News Radio 1120 and every Sunday at 6 a.m. on 101 ESPN!