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Transition into retirement is stressful. It requires a significant change in mindset from contributing to your portfolio to taking distributions.
Researchers have found that a major threat to the performance of your portfolio is uncertainty. Investors hate uncertainty. Uncertainty leads to stress and anxiety which negatively impacts decision making.
Rebalancing enforces a discipline to sell when prices are high and buy when prices are low.
The Federal Reserve cuts the federal funds rate to reduce the price of money to encourage borrowing and discourage saving. Their goal is to get more money into the economy rather than sitting in the bank.
There are many factors to be considered before making extra payments or pulling from your savings to pay off your mortgage.
The secret to developing an interest in spending time improving your finances is creating a vision of what you want your money to achieve.