The Federal Reserve just raised interest rates once again and another two rate hikes are now likely before the end of the year. Against this backdrop, the author of today’s article acknowledges that “many market participants, especially retirees with fixed-income-heavy investment mixes, are reasonably concerned about what a period of rising interest rates could mean for their portfolios and for the rest of their financial lives” – and outlines a number of rising rate do’s and don’ts for retirees to consider. For more, CLICK HERE.
When it comes to a rate hike by the Federal Reserve it is not question of “if” but “when” – with the “when” likely being December, if not this week. With a rate hike likely imminent either way, today’s article looks at what (if anything) this will mean for your personal finances – specifically your mortgage, your car loan, your credit card bill, your student loan and your savings account. To read more about what a rate hike may mean for your wallet, CLICK HERE.