The news is ablaze with tariffs and trade wars these days, as the Trump administration enacts tariffs, or taxes essentially, on foreign produced goods entering the US. The news being what it is, of course every outlet's take is biased toward whichever end of the political spectrum they support, with plenty of supposition and fearmongering. In today's episode, Matt Murphy cuts through the noise and explains in clear terms the ideas behind tariffs, the economic concept of comparitive advantage, and some of the challenges the US is facing with trade deficits and national debt.

Most importantly, Matt reminds us that in the real world economics is complex, and no one really knows what the impact of tariffs will be. They do have real impact on companies and their profit margins, but companies operate in different competitive environments with different challenges and not all will feel the impact equally.

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In today's episode, Matt reviews common strategies for managing your cash flow in retirement, and outlines the major risks to your income you need to plan for in retirement. Many people focus on the big number, the total amount of savings they need before they can safely retire. There's a lot more to it than that, however. When you retire you will need to a certain amount of cash live on, month to month, year to year, and you need to be certain that you have enough coming in to cover your bills and enjoy life, without worrying about running out of money in old age. Then, it's wise to make sure you are taking income in a tax-efficient manner, from the right accounts, in the right order, at the right time.

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Retiring is just the first step of life after work. Matt Murphy, Certified Financial Planner, wants to help you retire well, with a life of fullness, meaning, and generosity. Each week Matt delivers episodes on retirement planning, investing, tax strategy, as well as staying healthy in your retirement years with fitness and good nutrition. Matt also shares some golf and travel tips, and other ways to enjoy your hard earned retirement years.

Follow Matt Murphy

Web: https://www.benetaswealth.com

Newsletter: http://eepurl.com/jb7SNc

LinkedIn: https://www.linkedin.com/in/mattmurphycfp