The Fed’s rate hike is almost guaranteed, but it’s not your mortgage you should worry about. Today I show you where interest rates will have greater impact.

Today is Fed rate decision day and an increase is almost guaranteed. Today most people equate interest rates with mortgages directly when in reality mortgages are more affected by supply and demand issues. In fact interest rates have a greater affect on things such as credit cards, CD’s, auto loans and HELOC’s. Other topics include:

• Social security calculations –Did this self-employed couple accidentally screw up their social security to avoid FICA taxes
• How the tax cut affects 529 plans
• Money mistakes made by parents of special needs kids
• Chasing returns

 

 

Please join Rob Black, Michelle Lerman and I for our Retirement Income Strategies and Estate Planning Seminar from 6:30 p.m. to 8:30 p.m. at Juniper Hotel Cupertino on May 3rd. Click HERE to sign up!

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.