Last week the Federal Reserve decided that it was time to raise interest rates. They also announced their plan to raise rates two more times this year. This could be bad news for bonds, which tend to go down when interest rates go up. Why does that happen? Let’s say the Federal Reserve raises interest rates to 5 percent. You own a bond that pays 3 percent. Investors would be more likely to take the 5 percent on the open market than to put money into your bond that pays 2 percent less.
If you’ve ever been to Italy, you know it’s beautiful—Lake Como, the piazzas, the beaches. But right now, it’s financially ugly—and that ugliness could have significant economic repercussions on your portfolio.
Italy was apparently the reason behind last week’s drop in the market, and it could be the cause of something even worse in the future. What’s happening over there? In March, two rival populist parties came to power. Last week, after months of political turmoil,
Since we focus on clients who are retired or retiring soon at Money Matters, we try to help our clients keep their money as safe as possible. We try to help them make good decisions and avoid bad ones, and we’d like to help you, too, by alerting you to these seven common IRA errors:
- Not taking advantage of increased contribution limits. If you are over 50 years old, you can contribute $500 more to your IRA than you could when you were younger.
Organizations that endure don’t just happen. They are built—step by step, year by year. While researching companies that have lasted for decades, I perceived some similarities among the foundational structures for successful long-lived organizations: they acknowledge their core values as integral to the way they conduct business.
We do the same at Money Matters, and I do the same in my personal life. I wrote about some of our values last week and the week before because I think they can be valuable in building anything you want to endure,
While researching organizations that have been going strong for decades, I found that most of them had something in common: they all identify and adhere to their core values. Last week, I wrote about some of our values here at Money Matters, not simply to tell you what we believe, but also because I think the lessons these values teach can apply to your financial and personal life. I’d like to share a few more of them today:
We believe that if a client calls us,