Jun 14, 2016

Ever wondered what formula the Fed studies in order to determine what they will do about interest rates at their next meetings?  It turns out they rely on a formula originated by a Swedish economist who died 90 years ago, called the "Natural Rate." Fed officials all agree on one thing--rates are probably stuck in low for quite a number of years ahead, and zero rates are not out of the question. Steve and Sinclair have the Wall Street Journal report.  Then Steve explains why some new proprietary annuities have much lower fees with unique guaranteed long-term care benefits and the option of taking an indexed income for life that could do battle with inflation.