'When it comes to investing and 401k plans, people need to do me a favor and not look at them.' University of Indianapolis finance professor Dr. Matthew Will has some advice for Hoosiers as the Russia-Ukraine conflict continues.
Dr. Matthew Will, associate professor of finance at the University of Indianapolis, says oil prices have gone up dramatically in the last year.
"We've become very used to telecommuting, working from home, Zoom meetings ... it's really possible for people to reduce the amount of driving that they do," Will said."I think employers will be accommodating, especially if they see oil prices continue to be up." "It would be a great idea for the state to reduce any taxes, because of course that's a burden that's placed on citizens ... I think it's a smart thing to do, but it's really not going to have a big impact because still way over half of the cost of a gallon of gasoline is in the actual crude oil," Will said."When it comes to investing and 401k plans, people need to do me a favor and not look at them," Will said."Just keep investing, put the money in ...
Russia is a top producer of fertilizer as well as cobalt, nickel and palladium, which go into batteries and other electronics."There's a lot of things connected to the Russian economy that we use that will cause harm as this extends further into the future," Will said."the impact of those precious commodities that come out of Russia that we use in our economy simply is going to make a bad situation worse.
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