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August 2022: Susan's Monthly Newsletter

Rising Interest Rates

After dropping the benchmark federal funds rate to a range of 0%–0.25% early in the pandemic, the Federal Open Market Committee (FOMC) of the Federal Reserve has begun raising the rate aggressively in response to high inflation. Raising the funds rate places upward pressure on a wide range of interest rates, including the prime rate, small-business loans, home-equity lines of credit, auto loans, credit-card rates, and adjustable-rate mortgages (with indirect pressure on fixed-rate mortgages).

 

Also in this issue:

  • How Life Insurance Could Help Mitigate Taxes in Retirement
  • Dividends for Income and Total Returns
  • Uncle Sam Wants to Know About Your Gig Income

To download the complete pdf click here.