30 min
The US Job Market, Long -Term Interest Rates & Rise Maturing CDs Planned Solutions
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- Business
Welcome to the Planned Solutions Incorporated Podcast. On this episode we discuss some reports claiming that the US labor market is turning for the worse. However, most of the data cited has been anecdotal data that does not seem to be indicative of the entire market. Taking a close look at the national labor market data such as the unemployment rate (backward looking) and initial claims for unemployment insurance (forward looking)
show signs of a strong labor market.
Also, Short-term interest rates and the potential for the Federal Reserve to cut interest rates once, or multiple times this year, has been the focus of the bond markets. However, long-term interest rates have been quietly increasing to rates close to their high from last Fall. This may create a second opportunity for investors to lock-in high interest rates for longer time periods.
As well, When it comes to investing, it is always important to periodically review your investments to make sure they are performing as expected and still conform to your financial goals. This is even true of investing in Certificates of Deposit (CDs) which may be more or less attractive based on the level of interest rates. Most importantly, CDs issued by banks often rollover if the owner does not act within a given window of time, which can lead to poor long-term returns if higher interest rate CDs are rolled over into lower yielding CDs.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The NPR Podcast Planet Money recently published a podcast episode (TikTok, and other apps like it, are filled with financial advice. Is any of it worth listening to? Published April 12, 2024) which highlights a growing problem in the world of personal finance. More and more people are getting financial advice, including tax advice, from social media apps like TikTok but do not realize that, in many cases, the claims made are incorrect, exaggerated, or designed to mislead. The competition for clicks or views online has incentivized many non-experts to pose as experts giving financial advice that could lead to disaster if followed by the audience.
As always, when getting financial information online it is important to assess the trustworthiness of the source, including their experience and credentials that qualify them to give advice, including financial advice. This is especially true when it comes to tax advice because a lot of the advice given on social media could be considered tax evasion which could result in stringent penalties for those who choose to follow the advice.
To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com
The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Planned Solutions, Inc. https://www.plannedsolutions.com
Welcome to the Planned Solutions Incorporated Podcast. On this episode we discuss some reports claiming that the US labor market is turning for the worse. However, most of the data cited has been anecdotal data that does not seem to be indicative of the entire market. Taking a close look at the national labor market data such as the unemployment rate (backward looking) and initial claims for unemployment insurance (forward looking)
show signs of a strong labor market.
Also, Short-term interest rates and the potential for the Federal Reserve to cut interest rates once, or multiple times this year, has been the focus of the bond markets. However, long-term interest rates have been quietly increasing to rates close to their high from last Fall. This may create a second opportunity for investors to lock-in high interest rates for longer time periods.
As well, When it comes to investing, it is always important to periodically review your investments to make sure they are performing as expected and still conform to your financial goals. This is even true of investing in Certificates of Deposit (CDs) which may be more or less attractive based on the level of interest rates. Most importantly, CDs issued by banks often rollover if the owner does not act within a given window of time, which can lead to poor long-term returns if higher interest rate CDs are rolled over into lower yielding CDs.
Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The NPR Podcast Planet Money recently published a podcast episode (TikTok, and other apps like it, are filled with financial advice. Is any of it worth listening to? Published April 12, 2024) which highlights a growing problem in the world of personal finance. More and more people are getting financial advice, including tax advice, from social media apps like TikTok but do not realize that, in many cases, the claims made are incorrect, exaggerated, or designed to mislead. The competition for clicks or views online has incentivized many non-experts to pose as experts giving financial advice that could lead to disaster if followed by the audience.
As always, when getting financial information online it is important to assess the trustworthiness of the source, including their experience and credentials that qualify them to give advice, including financial advice. This is especially true when it comes to tax advice because a lot of the advice given on social media could be considered tax evasion which could result in stringent penalties for those who choose to follow the advice.
To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com
The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.
Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb
Planned Solutions, Inc. https://www.plannedsolutions.com
30 min