With inflation easing to 2.9% for the first time in two years, we're now entering a particularly critical phase in the economic recovery. Richard and James are back in the trenches to guide you through it. As always, it’s about sticking to your investment plan during these volatile times.

What’s been the impact of interest rates on spending? Richard and James speculate that higher interest rates have, somewhat paradoxically, both curtailed economic activity and increased spending among wealthier consumers, due to higher returns on cash and fixed-income investments.

Plus, watch out for financial scams! They’re getting increasingly sophisticated, targeting older people with large retirement savings. There’s a prominent scam called ‘pig butchering," where scammers isolate and manipulate victims, often by posing as legitimate entities like banks or government officials. Be vigilant, use safeguards such as two-factor authentication, different passwords, and be cautious with electronic payment platforms like Zelle. James highlights the importance of financial institutions and advisors playing their part, and being proactive in recognizing red flags to protect clients from falling victim to these scams.

Always an Expat is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.