What Is Your Money Personality?

In this episode of Money on Tap Seth Krussman, Ben Brayshaw, and Dan Michelon dive into the world of personality types. They talk about the different personality types related to finance and our personal relationships with money. These personality types include, the saver, the spender, the moneymaker, those that are indifferent, the saver-splurger hybrid, the gambler, the worrier, and the hoarder. They discuss the traits of each personality type and why it’s important for you to know and understand your personality type, so that you can strive to achieve a balanced relationship with money. Today’s Money in the News covers Disney falling short in its number of streaming subscribers, corporate tax hikes, and the uncovering of a hidden treasure of half a million dollars in an attic in Massachusetts.Why doesn't inflation feel like the official 3%?Because inflation is the rate at which prices rise, while affordability is the level of prices you have to live with — and that level never resets. Retirees also buy a different basket than the CPI emphasizes: shelter costs, insurance, property taxes, healthcare, prescriptions, food, and fuel, several of which run far hotter than headline inflation. Oil compounds it, touching every leg of the delivery chain. A resilient retirement plan stress-tests income needs well above the Fed's target and fights back with pricing-power equities, reasonable bond yields, guaranteed lifetime income for core expenses, and tax mitigation that lets you keep more of every distribution.