Inflation Nation: Understanding the Impact of Rising Prices

Nick Hopwood of Peak Wealth joined the Steve Gruber Show to discuss critical economic indicators and the shifting landscape of financial uncertainty. Nick and Steve highlighted several red flags, including the alarming rise in business closures, escalating prices of goods, and the precarious financial state of many hospitals teetering on the brink of bankruptcy. As the environment evolves, Nick emphasized the need for businesses and individuals alike to stay vigilant and adapt their strategies to navigate these turbulent times.
Additional key notes in the conversation:
• The beginning of august was atrocious with the s+p 500 briefly hitting the down 10% level
• Mortgage rates have finally dropped a bit from 7.5% down to about 6.5%
• What’s the difference between an independent advisor and a bank or warehouse advisor?
• What’s the best way to pay for financial advice?
• What should you do with your 401k when you leave your employer or retire?
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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.
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