You Can’t Stop Inflation, But You Can Prepare

You Can’t Stop Inflation, But You Can Prepare Barnett Financial & Tax

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating – in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. You’ve likely noticed higher…

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Rising Interest Rates and High Inflation – How Will You Respond?

Rising Interest Rates and High Inflation – How Will You Respond? Barnet Financial & Tax

The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.[1] Rising interest rates can have significant effects on the economy and your finances. Between a volatile market, high inflation, and rising interest rates, know how you’ll respond. The Federal Reserve Raising…

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Why We Could See More Inflation and Market Volatility

Why We Could See More Inflation and Market Volatility Barnett Financial Group

As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices, inflation, and a volatile market. Know how you could be affected and what strategies you…

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The Russia-Ukraine Conflict and Your Finances

The Russia-Ukraine Conflict and Your Finances Barnett Financial & Tax

Russia’s invasion of Ukraine could have major economic consequences around the world, including here in America.  After a tumultuous two years during the pandemic, the global economy faces new threats as a result of this conflict – spiking energy prices and inflation, supply chain disruptions, and market volatility. Our team of financial professionals constructs financial…

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How Much Are You Left With After Inflation?

How Much Are You Left With After Inflation? Barnett Financial & Tax

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how…

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Could We See a Major Market Correction This Year?

Could We See a Major Market Correction This Year? Barnett Financial & Tax

While we saw record highs in the market in 2021, there’s no telling what could happen in 2022 or beyond. There are reasons we could see a market correction, and now is the time to ask yourself if you’re prepared for one. It can be hard to chart a course for retirement when you consider…

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Will We See More Inflation in 2022?

Will We See More Inflation in 2022? Barnett Financial & Tax

There are reasons to be optimistic about 2022, but there are also reasons to be worried: Everyone is wondering if we will see more inflation in 2022, where the market is headed, and the effects of a new COVID variant. But whatever 2022 holds, it’s important to make a plan for the future. The Federal…

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Major Changes That Could Happen During Your Retirement

Major Changes That Could Happen During Your Retirement Barnett Financial and Tax

Do you ever feel like you live in a completely different world than you did 20 years ago? It’s worth thinking about how different it will be in another 20 years. Beyond cultural and personal changes, we could see major economic changes that could affect us in retirement. It’s always worth knowing what’s going on…

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The Potential Hidden Costs of Inflation

The Potential Hidden Costs of Inflation Barnett Financial & Tax

You’ve probably heard about or experienced the effects of inflation – everyday items can cost more, and the monthly inflation numbers make the news. While the increased costs we see on a regular basis can have an impact on our finances, there may be some potential hidden costs to inflation we don’t necessarily see right…

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Three Eroding Forces on Your Retirement Savings

Three Eroding Forces on Your Retirement Savings Barnett Financial and Tax

Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs…

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