💰Money Mindset & Financial Psychology (Issue #12, May 2023)

Maximizing your tax refund, the effect of the Fed's interest rate hike, planning for retirement when social security isn't enough, most affordable states to retire in, and TurboTax's $141M settlement

👋 Good morning finance enthusiasts and future multi-millionaires! I hope you’re enjoying the weekend! Thank you for subscribing to this weekly newsletter, whose purpose is to help you better understand personal finance and build wealth. If you haven’t subscribed, please sign-up here to join 24,000 others (and consider being a paid subscriber to support this newsletter):

💥In this weekend’s issue of ‘5 tips to build long-term wealth and improve your money psychology’, we’ll discuss:

1. How the Latest Fed Hike Will Affect Your Finances
2. Maximizing Your Tax Refund in 2023
3. How to Plan for Retirement When Social Security Isn't Enough
4. 2023 Most Affordable States to Retire in
5. Did You Use TurboTax in 2016, 2017, or 2018? You May Be Eligible for a Payment from the $141 Million Settlement

(1) How the Latest Fed Hike Will Affect Your Finances📈

1. This week, the Federal Reserve announced a 0.25% increase in interest rates, marking the 10th such hike within the past year. This decision affec…