Many Americans were able to build up their savings accounts during COVID and now have extra cash at their disposal. With inflation on the rise, sitting on cash isn’t the best long-term strategy so what should you do with this extra money? Dan Cuprill will share nine different ways to use your cash and explain the pros and cons for each.
Key points on this episode:
2:26 – Spend it
3:24 – Put it in the bank
5:02 – Buy annuities
6:03 – Address an exposure you have in your plan
8:13 – Invest in an iBond
8:59 – Take advantage of discounted stocks/bonds
9:44 – Pay off debt
10:21 – Give it away
10:58 – Ask yourself this question
For more financial resources, visit us online: http://moneyandclarity.com
Ep 171: Is It Time to Panic?
Ep 170: Why Soaring Home Prices are a Great Thing
Ep 169: How Do Markets React to Major Events?
Ep 168: Making Planned Gifts Before Death
Ep 167: The Inflation Impact on Planning
Ep 166: Secure Act 2.0 - What You Need to Know
Ep 165: Learning Through Uncommon Sense
Ep 164: Financial Planning in Biden’s America
Ep 163: Flirting with Financial Disaster
Ep 162: Tax Tips for 2021
Ep 161: 5 Important Retirement Statistics Worth Your Time
Ep 160: Special Election Review
Ep 159: Obsolete Retirement Planning Ideas
Ep 158: What Financial Challenges Do Women Face More Often?
Ep 157: Retirement Ready – Are You Clinging to False Hope?
Ep 156: Choosing Between A Traditional Or Roth IRA
Ep 155: Are You Paying Enough Attention to Your Largest Assets?
Ep 154: Is The Market Response To Coronavirus Normal?
Ep 153: Coronavirus and Solid Financial Truths
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