MoneyLetter Blog
The latest insights on the economy and the markets, investment strategies, and retirement
Know Your Medicare Basics
Let’s get right to it. Medicare is a federal health insurance program for people who are 65 or older and people with certain disabilities or diseases. It is administered by the Centers for Medicare and Medicaid Services (CMS).[1] There are four parts to Medicare...
The SVB Situation and Your Financial Picture
You’ve heard the news that Silicon Valley Bank (SVB) has experienced a financial shock. In a matter of a few short days, Silicon Valley Bank went under. So, let’s get into the facts that can help put this event into context. The series of events Before interest rates...
What the Banking Panic Means for Fed Rates Next Week
As markets recovered on Tuesday, the banking crisis that kicked off on Friday looked a little less scary, though the turmoil may not be over yet. There is optimism that the problems that sank Silicon Valley Bank and others in the U.S. won’t spread. Of course, there...
Understanding Financial Wellness
Wellness is a concept that has found its way into more and more corners of American life. At its heart, wellness is about adopting practices—like exercising more and eating healthy—that help you live a better life. These practices can also help you improve your...
Overseas Update
Easing of Covid policies key in China There have been some interesting developments in China. After months of market declines Chinese stocks have rallied since November as a relaxing of President Xi’s strict Zero Covid policies occured. The unprecedented protests in...
Even With Inflation Slowing Retirees Should Pay Attention
Recent reports indicates that the rate of inflation is slowing, but consumers are still seeing increases in the prices of basic needs like gas and groceries.[1] The rate that things are becoming more expensive has decelerated and has been for some time. But things are...
Is It Time to Buy More Bonds?
The Federal Reserve hiked interest rates seven times in 2022 – with more to come in 2023 – and the fed funds rate now sits at 4.25% - 4.50%. Fed Open Market Committee (FOMC) participants see the terminal rate hitting approximately 5.1% by mid-2023, a result of more...
Unexpected Taxes in Retirement
When most people think of major retirement expenses, they often consider housing, healthcare, and that trip of a lifetime they’ve been dreaming about for years. But they often fail to consider what could potentially be their biggest expense – taxes. Keep in mind, many...
How to Get Started Writing a Financial Plan
As a MoneyLetter reader, we trust you recognize the importance of spending time organizing and planning your financial future. To help enhance your planning acumen, this article is about how to apply some of our financial planning process to your life. We believe that...
Savings Alternative: Is a MYGA Right For You?
If you are concerned about the volatility in the stock market, but at the same time are concerned about what effect rising interest rates will have on the bond market, maybe you are looking for alternatives. Money markets and even CDs may not have attractive crediting...
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