Three rate hikes are anticipated by year end, but it’s not your mortgage you should fear. Today I explain what really affects your budget following a rate increase.

The Feds are holding their monthly meeting with no rate increases expected this time around. However, three more rate hikes are projected by the end of the year which won’t affect mortgage rates as much as it affects things like credit cards, HELOC’s and anything tied to prime. Also in the news is ISM’s manufacturing report, Feds changing the way they measure inflation and the ECB fighting lackluster growth. Other topics include:

• Oscar Meyer’s Bacoin cryptocurrency & China cracking down on jaywalking
• Portfolio levers that can cause risk
• Why wage inflation is tough on portfolios
• Rebalancing your portfolio on different levels
• Financing your parents move to a memory care facility
• Sequence of return risks in retirement

 

 

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. tomorrow, May 3rd, at Juniper Hotel Cupertino. There's still time to sign up. Click HERE!

 

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.