Interest Rates, Recession, and Your Retirement: Wisdom for a Changing Economy
In this insightful episode of Faith & Retirement, Jay Peroni, CFP® explores how faith, foresight, and financial discipline can guide believers through an uncertain economic landscape marked by fluctuating interest rates, market highs, and recession fears.
Jay opens with humor and humility, reminding listeners that only God knows the future, while his role is to manage risk with wisdom. He likens today’s exuberant market to “a teenager driving downhill without brakes”: thrilling but potentially dangerous. With possible Fed rate cuts ahead, Jay encourages tactical, faith-based investing: aligning every dollar with biblical values and trusting God with the outcome.
The discussion turns practical as Jay tackles the “tax timeline” many retirees overlook. He warns that rising national debt may lead to higher future taxes, making Roth conversions a smart move today, “Would you rather pay tax on the seed or the harvest?” He also highlights giving strategies like Qualified Charitable Distributions (QCDs), turning required withdrawals into tax-free ministry blessings.
In Part Two, Jay dives into real-life challenges: debt management, gold investing, RMD pitfalls, and health or inheritance transitions. Jay emphasizes stewardship over speculation calling gold a “stay-rich” asset, not a get-rich one and shares compassionate stories of clients navigating illness and longevity risk.
Throughout the show, biblical wisdom anchors financial advice: prudence, generosity, and preparation. “Whether rates rise or fall, God is still sovereign,” Jay concludes. “The plans of the diligent lead surely to abundance.”
You are invited to visit faithandretirement.com to schedule a free faith-based retirement review, aligning their money, mission, and legacy for peace and purpose in changing times.
