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Household Debt & Pension Maximization (8/12/2023)
Manage episode 374251766 series 3083349
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Consumer debt on credit cards has hit the $1 Trillion mark. This definitely shows that the stigma around debt has clearly changed, as it's no longer seen as a "bad" way to conduct your finances. Although there are ways debt can be abused, what are the other negative implications that this trend could have on household budgets and the U.S. economy as a whole? Jeremiah gives his market update, which includes commentary around Fitch's downgrade of U.S. bank lending and the forecasted recession that we're supposedly going to see at the end of 2023. In the last two segments, Nic and Alex talk about pensions and what options should be considered if you have one. There are multiple ways you're entitled to receive your pension payments, but maybe only one of those options is best for you. Be sure to work with an advisor to make sure you're able to maximize your benefit.
Hosts:
Jeremiah Bates, Financial Advisor
Nic Daniels, BFA™, Financial Advisor
Alex Lundgren, AIF®, Financial Advisor
The Real Money Pros
https://www.therealmoneypros.com
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SPONSORS:
Academy Mortgage:
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Lively (HSAs and FSAs)
Tree City Advisors of Apollon:
https://www.treecityadvisors.com
Apollon Wealth Management:
https://apollonwealthmanagement.com/
Advisor Insurance Solutions:
https://advisorinsurancesolutions.com/
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