On The Agenda:
On today’s episode of How Money Works, we’re sharing some of the toughest, most unanswerable questions we get in the financial business.
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Episode Show Notes:
On this episode of How Money Works, Craig and Jennifer Moser share some of the unanswerable questions that clients love to ask. Let’s jump into the questions and what makes them so difficult to answer.
When’s the next market crash going to happen?
Nobody knows when the next crash will happen, but on average it happens about every eight years. A bear market is one that goes down more than 30%, and since World War II there have been 12 bear markets.
What do you think the tax rates are going to look like in the future?
There’s no way to know. In the U.S. today, tax rates are exceptionally low. You can look at taxfoundation.org for more info about the history of taxes.
How long am I going to live?
The majority of folks live until their mid 80s.
“Understanding how long your retirement nest egg would last, I think, is a crucial first step for planning when you should retire,” said Craig.
Listen to the full episode or use the timestamps below to jump to a certain section. Thanks for listening.
Important Points:
0:58 – When’s the next market crash going to happen?
3:26 – What are healthcare costs going to look like in 20 years?
5:24 – What do you think the tax rates are going to look like in the future?
7:41 – How long am I going to live?
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