ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 208: Wake-Up Call: Is Your Cash Strategy Still on Track?

Over the past 14 years, we’ve seen a major shift in interest rates that’s changed how we handle cash. Starting back in 2008 during the financial crisis, rates were so low that many people kept minimal cash because it just wasn’t earning anything. But after the pandemic, rates climbed, making it easier to earn decent returns on savings.

Now, as we expect more rate cuts, it’s a good time to rethink how we manage our cash and consider smarter investment strategies.

 

Topics Discussed:   

  • What happens when returns are low and how things are changing post COVID.
  • How mortgage rates tend to be adjusted as the economy changes.
  • How rate cuts may affect your cash.
  • What we recommend you do with your cash as rates change and inflation rises.
  • Different ways to handle cash depending on your goals.
  • How to better understand what happens (and the opportunities involved) when rates are cut or raised.

Resources Mentioned:

Tags:

rate changes, rate cut, inflation, fighting inflation, higher rates, cash investments, cash management, emergency funds, high yield savings account, CDs, Bonds,

emergency medicine, ER doc, ER doctor,