The inevitability of change should be top of mind for everyone as 2025 begins. The Federal Reserve could start raising rates again, a new administration with a radical economic agenda is preparing to take power in Washington, D.C., and elevated inflation is still lurking in the background.
Despite the uncertainty that comes with changing times, one piece of personal finance advice remains eternal: Don’t let emotions take over your financial planning. Investors need to shift gears smoothly and comfortably adapt to change, says Rob Williams, managing director of financial planning, retirement income, and wealth management at Charles Schwab.
