7 Benefits of the Federal Reserve Interest Rate Hikes - 201

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 26 December 2018

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

What do the increases in the Federal Reserve interest rates mean for the economy and our portfolios - and how can we benefit from the rate hikes? Lindsey Stanberry dishes about Refinery29 Money Diaries. Joe and Big Al answer your money questions on state vs. federal tax deductions, saving for retirement vs. paying debt, and RMDs on an inherited non-spouse Roth IRA. Plus, why did Joe say indexed annuities are some of the worst investments on the planet? Transcript & show notes: http://bit.ly/YMYW-201

Transcript

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0:00.0	Happy day after Christmas, happy boxing day, and happy beginning of Kwanza. And thank you for listening to your money, your wealth. Hopefully you're hunkered down next to the fireplace in your new warm fuzzy socks from Aunt Carol.
0:12.0	Though if you're inside the California like us, you might be listening while running on the beach.
0:16.0	Anyway, today on YMYW, Joan Big Al, do their best to explain what the Fed interest rate hikes mean for the economy
0:22.4	and our portfolios and how we might be able to benefit from those rate hikes.
0:26.8	Lindsay Stanberry, editor of the Refinery 29 Money Diaries, will come in from the frosty cold
0:31.8	of the East Coast a little later to tell us everything we wanted to know about our finances
0:36.0	and everyone else's.
0:37.5	And Joe and Bigel power through your email questions on state versus federal tax deductions,
0:42.6	saving for retirement versus paying down debt, and taking RMDs on an inherited non-spouse Roth IRA.
0:49.5	Plus, listen to find out why Joe said a while back that indexed annuities are some of the worst investments on the planet.
0:56.5	I'm producer Andy Last, and here are Joe Anderson's CFP and Big Al Clopine CPA.
1:02.4	First things first, Fed met this week.
1:05.5	Market didn't care for that much.
1:06.8	No, not really.
1:07.6	Say the least.
1:08.2	Yeah.
1:09.0	Can you explain what is the purpose of the Fed's meeting in increasing or decreasing interest rates,
1:17.6	Alan?
1:19.3	Certainly.
1:20.3	The Fed's, you can.
1:24.2	I'm sort of prepared.
1:26.7	So at any rate, it's independent of the government, supposedly.
	...

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