Now’s a Good Time to Add Bonds to Your Portfolio Paul Fain, CFP® For the last several years, with short-term interest rates close to zero, bonds have been the Rodney Dangerfield of the investment world: “I get no respect!” However, since March 2022, the Federal Reserve has lifted interest rates 11 times. This hit bond…
Balancing Act: Interest Rates Paul Fain, CFP® “What are your IRAs paying?” asked my mother-in-law. Being extremely risk-adverse, and 93-years-old, she was referring to the prevailing interest rates on an IRA bank account or an IRA annuity. However, as I politely discussed with her (as she was preparing her famous beef stew), it is…
Last week the U.S. Federal Reserve, also known as “the Central Bank”, lowered its key short-term rate a quarter percent. A viewer asks, “Why does the Fed raise and lower interest rates? And, how does it affect my money?” Certified Financial Planner Paul Fain, president of Asset Planning Corporation, answers questions regarding the Federal Reserve…
Here we go again: The Federal Reserve just raised the federal funds’ interest rate target for the third time this year. Now that it has happened, how might it affect your investments? Certified Financial Planner Paul Fain joins us now with five things to keep in mind. LET’S REVIEW WHAT THE FEDERAL FUNDS RATE IS……
Interest rates are an important part of everyone’s lives! Following the 2008 financial crisis, the Federal Reserve (“the Fed”) began to gradually increase key interest rates in December 2015 from a record low of near zero. The expectation is that the Fed will continue raising rates in 2018 and 2019 (See Fed Chart.) On the…
In his regular “Sunday Money” interview on WBIR, Knoxville’s NBC affiliate station, Paul addressed the Federal Reserve’s decision to raise key interest rates. What does this mean for your money as we rapidly approach year-end? Here is a recap of the Q&A: WHAT DOES A FED RATE HIKE MEAN? The Federal Reserve voted unanimously…
WBIR: Finally…the Federal Reserve announced Wednesday that it was raising key interest rates for the first time in 9 years. But what does a rate increase mean for the typical family? Joining us now with answers is Paul Fain, a Certified Financial Planner with Asset Planning Corporation. PAUL, BEFORE WE TALK ABOUT IMPACT, LET’S RECAP WHY…
At today’s meeting of The Federal Reserve Board, a decision was made to not increase key interest rates in the U.S. economy. A rate increase is still expected sooner than later, and it will be the first rate hike since 2006. Analysts generally agree that the pace of future rate hikes will be more critical…