Bridging the Confidence Gap
In the world of finance, the effects of the "confidence gap" can be especially apparent.
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“Cut spending.” “Slash expenses.” “Avoid shopping.”
The overwhelming advice about cutting expenses makes it sound downright unappealing. No wonder many of us haven’t learned to be good financial managers.
Spoiler alert: interest on excess reserves, forward guidance, and asset buys will remain important.
This calculator compares the net gain of a taxable investment versus a tax-favored one.