The Fed Raised Rates, Now What?
Let's talk about what you can do to be prepared!
So the fed raised interest rates by a quarter-point and said they expect to raise rates again six
more times in 2022. Wow. So now what?
First don’t panic. Think about any major purchases you may be considering this year. Like a
new car, appliance, a new TV or especially buying a house or refinancing one. Moving forward
now or at least soon may be a good idea. Keep in mind however with higher interest rates prices
could go down.
There is however a flip side to higher interest rates. One thing is that could show up positively in
your returns and investments. Higher interest rates usually bring less demand which means
prices fall and that usually leads to lower inflation. You may spend less which could mean you
save more!
What to do with the money you have already invested and will be putting away.
Depending on what type of investor you are. Perhaps you are conservative. Well, for you there
may be an increase in fixed rates. If you are aggressive you may find opportunities with those
companies or sectors that can handle higher interest rates, and historically have done so.
To help get a handle on this and what can be a great place to start is attending our weekly IFW
retirement roadmap webinar. Oh, you don’t need to worry about interest rates for this, it’s free,
every Wednesday at 7 pm EST.
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Learn More About IFW’s Retirement Planning Education Services
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The Institute of Financial Wellness believes when it comes to financial decisions; never say “Never” never say “Always”…It Depends.
Rees Bridges brings a unique value to the IFW as both a highly accomplished creative professional and a successful financial services executive to serve in his role as Senior VP, Marketing & Communications.
Over the last decade Rees has served as the lead marketing & communications professional for a Fortune 500 Financial Services firm. He oversaw all advisor marketing strategies, client communications, and the entire firms branding and marketing initiatives.
Rees continues to pursue his passions as a creative professional & musician for over 30 years, with an impressive profile and reputation as a designer, performer, teacher, and studio musician. Here is a little secret: He serves in the role as an international clinician for Mapex drums, Paiste Cymbals and held the record for world’s fastest drummer between 2006 and 2007.
Rees grew up in London, England and currently resides in Miami, Florida. When not at work, he enjoys spending time with family and friends, traveling, and indulging in his passions for music and creative pursuits.
