With Higher Interest Rates, Is “Lazy Money” Still A Concern In 2024?

Phil's Tax Hacks

Is 'Lazy Money' still a concern in 2024's higher interest rate landscape? In this episode, we explore this question, examining how the recent rise in interest rates affects the money sitting in savings accounts, CDs, and conservative investments.

Here’s some of what we discuss in this episode:

6:07 – What is lazy money?

7:42 – Finding the right amount for your emergency fund

10:42 – An advisor’s role with lazy money

17:10 – Having a long-term perspective

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