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Mastering Money

Tune into one of the best retirement shows on the radio! Mastering Money is hosted by Certified Income Specialist™ and best selling author, Steve Jurich (pronounced Jur-itch). Steve is an experienced 20 year veteran of financial services and is licensed in securities, insurance, and real estate. He is a Certified Annuity Specialist® who reviews up to 2700 annuities on a regular basis. As a fiduciary, Steve’s clients enjoy access to the services of Fidelity Institutional, member FINRA, SIPC.
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Dec 1, 2015

It has been so long since the Federal Reserve last raised interest rates that few people probably remember when it last happened: it was June 2006. The odds of a rate increase in December of 2015 are very high, but the increase will be very low: fractions of a percent. What will be the effects on bonds when it happens? Michael Pollock, writing for the Wall Street Journal, points out that even if the Fed raises rates gradually, higher short-term rates will eventually ripple through the markets and affect a wide range of financial products, but the impacts will be uneven.

Some borrowing costs are likely to rise closely in sync with short-term rates, but others won’t, And people who depend on interest income might not benefit from rising rates for months, and/or years. A sudden move from zero to 4% would be more than a four hundred percent shift and would shut down the financial system—which is still highly leveraged with derivatives- just as surely as the events of 2008 toppled the derivatives market. Steve and Sinclair examine the outcomes.

In the Q & A Segment, experienced real estate attorney Christopher McNichol of Gust Rosenfeld joins the A-Team to review the differences between options to buy real estate and first rights of refusal. He also makes a strong recommendation for anyone tying up a property with an option.