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The Aul Financial Hour


Saturdays at 7 a.m. on The Voice of St. Louis - KMOX                                                                                                          www.yourmoneymattersstl.com

 

May 9, 2022

The latest hint from Federal Reserve Chair Jerome Powell is that it might raise interest rates by a half-point at its next meeting instead of a quarter.  And economist Mohamed El-Erian tells Bloomberg TV that he believes the Fed’s ‘flip-flopping’ in battling inflation is sending the wrong message to the stock market. He thinks the Fed trying to “catch up” with bigger rate hikes could cause a recession.  If that happens, what kind of impact could that have on retirement plans?  

Perhaps early retirement isn’t all it’s cracked up to be.  Millions of Americans – including those who were planning to leave the workforce permanently – are now regretting the move.  A Harris Survey taken for USA Today found one in five who quit during the past two years don’t think they made the right choice.  If they go back to work, doesn’t that more or less spell good news for their retirement savings?