Category Archives: Financial Planning

Fed Leaves Rates Unchanged, Cuts Number of Rate Hikes Ahead

As was widely expected, the Fed Open Market Committee (FOMC) left the Fed Funds rate unchanged at 0.25%-0.50% yesterday. What was surprising in the statement and the projections was the fact that the Committee cut in half the projected number of rates hikes for this year and next. The Fed signaled late last year that…

Mortgage Debt – The Growing Retirement Dilemma

How long has it been since you’ve seen a picture of someone burning their mortgage agreement after the loan was repaid? It was once a big deal, especially with the Greatest Generation. There was no joy like that last mortgage payment, and many of our parents prided themselves on burning that paper – usually before…

The Latest Debt Crisis – Student Loans Top $1 Trillion

A new report from the Federal Reserve released on Monday showed that Americans racked up less credit card debt in the 4Q of last year, as compared to the 3Q. That’s a good thing. However, total household debt actually hit a new record in February of $3.13 trillion (not including home mortgages). So how can…

America’s Saving & Retirement Crisis

The following chilling article appeared a couple of days ago in Financial Advisor magazine online earlier today. This is nothing short of a financial crisis in the making. QUOTE: Most Workers Have Less Than $25,000 For Retirement, Says Survey March 20, 2013 • Kathy Lynch Thirty-six percent of workers aged 55 and older surveyed by…

Fed Hints at End of Quantitative Easing, Maybe

In my E-Letter on Tuesday, I warned that the stock market could suffer a potentially nasty selloff if the Dow and the S&P fail to break out and make new all-time highs on this latest rally. With bullish optimism running so high in recent weeks, I pointed out how disappointing it could be if the…