All about personal finance and tax saving moves because this is where the money is.

Hi Charles, I'm a finance analyst Michael Douglas and I'm joined today by our Director of Investment Planning, Dan Kaplan-Gare, all the way

from Massachusetts.

Dan, how are you doing?

I'm doing great, Michael.

Thanks for having me on.

It is great to have you here. All right, so let's... Great,

it's great to have you here.

All right, so let's jump right in.

You know, folks been worried about interest rate increases for years.

The Fed, the Federal Reserve of course,

looks ready to act when necessary.

What should people be doing with regards to this?

Let's talk about some kind of your major areas of debt, you know, mortgages, student loans,

credit card debt.

Let's start with mortgages.

Well, you know, it's funny, Michael, because interest rates fell so, so low,

and yet it's surprising just how many people actually never got around to

refinancing their mortgages even when rates went to those historic lows a few

years ago. I mean think about the Neighborhood Housing Services of Chicago sought out an offer and helped basically

to people who would be able to benefit from a refi and who would be able to actually get one.

And only 17% of people, even with that extra help actually ended up doing it.

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