The Money PIG Podcast-11

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The Money Pig Podcast, sponsored by Goodwin Investment Advisory, discusses what to do with cash in April 2023. Host Reid Trego interviews Justin Pitcock, CFP® professional about his thoughts on where you should allocate your cash. The podcast covers the economics of interest rates and inflation from 2022 to early 2023 that caused banks to take too much risk when investing depositors’ money. Based on current interest rates you might want to rethink where you put your money. You might have cash in checking accounts, savings accounts, or money market accounts paying around four and a half percent right now due to the Fed raising interest rates; CDs ranging from several months to years; and Treasuries backed by the full faith and credit of our government yielding about four and a half percent currently.

Cash is beneficial for short-term goals or planned and unplanned expenses less than two years away. You might want to have more money in these types of accounts if you are someone who wants ultra-conservative investments. If your businesses have cash flow needs but you still want to be prepared for things like upcoming expenses we offer laddered CDs or Treasuries through brokered CD purchases that mature at certain times every six months so reinvestment can happen if needed.

Justin and Reid discuss the importance of investing for long-term goals like retirement, rather than relying on cash alternatives like CDs. They highlight the need to consider individual goals when investing and caution against reinvestment risk in a changing interest rate environment. Goodwin Investment Advisory, their firm, manages and rebalances portfolios based on clients’ unique needs.

If you are looking to hire a financial advisor to help you manage your wealth and help you plan your retirement and legacy, please reach out and tell us your story by scheduling an intro call with our Goodwin Investment Advisory consultant here.

If you would like more free resources download our Investor’s guide to your right-fit advisor, or download Tim Goodwin, Certified Financial Planner™ PROFESSIONAL’s free book, Exponential Wealth.

The Money PIG podcast is hosted by Reid Trego.  Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations.  Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast.  The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.

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The Money PIG Podcast brought to you by Goodwin Investment Advisory where our Mission is to lead people to Financial Peace, Independence and Generosity.
By Published On: May 20th, 2023

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About the Author: Tara Bruce

Tara Bruce
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