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The Federal Reserve Raises Benchmark Interest Rate


Monetary policy is normalizing due to economic improvement.

On March 15, the Federal Reserve raised the benchmark interest rate by a quarter-point to a range of 0.75-1.00%. The increase was widely expected, and it represented a vote of confidence in the economy. 1

This was the central bank's second rate hike in three months, and Wall Street took it in stride, with the S&P 500 rising nearly 15 points on the day. One reason for that may have been the Fed's latest dot-plot forecast, which remained as it was when the last interest rate adjustment was made in December. The Fed still projects a total of three hikes for 2017. 1,2

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On the Bright Side

Oregon State University researchers recently concluded that working just a year past 65 can be good for longevity. Analyzing 28 years of data from the National Institute on Aging-funded Healthy Retirement Study, they found that healthy 66-year-old retirees were found to have had an 11% lower risk of death than those retiring at 65. 4

4 - http://www.investopedia.com/articles/retirement/051216/why-working-after-retirement-good-your-health.asp

Retiring with an Age Difference

If you are 10 or 15 years older than your spouse or partner, to what degree should that age gap influence your retirement planning? You will want to consider this question, for it may affect many aspects of your financial future – such as your planned retirement dates, how you decide to claim Social Security, and how you choose to invest.

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What Vaccinations Should You Think About Getting After 65?

Your specific answer to that question depends on the advice of your doctor. Keeping that fundamental in mind, there are some vaccines that many health care professionals advocate for seniors.

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On the Bright Side

A report from the non-partisan American Enterprise Institute says that in 1970, Americans in the middle 40% of U.S. income distribution had saved an average of 33% of their yearly income in retirement accounts. That compares to an average of 210% of annual earnings for Americans in the same income demographic today. 3

3 -bloomberg.com/view/articles/2017-01-04/a-little-optimism-on-the-future-of-retirement

What Does the 21st Century Cures Act Mean for Health Care?

Last December, the 21st Century Cures Act became law, opening the door to the assignment of greater federal funds for medical research and more expedient approval of medical devices and drugs by the Food & Drug Administration.

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Can You Work Your Way into Retirement?

As 2016 ended, the 17th Annual Transamerica Retirement Survey appeared and noted a preference for a phased retirement among a majority (53%) of workers polled by the insurance and investment company's Center for Retirement Studies. In fact, 48% of the pre-retirees surveyed felt that their current employer would allow them to continue working in some capacity after age 65.

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Regulatory Disclosure: The information on this website has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. This website is neither an offer to sell nor a solicitation to buy any securities. Gerard Gruber offers Securities and Investment Advisory and Financial Planning service through Geneos Wealth Management, Inc, Member FINRA/SIPC.  Investments are not FDIC insured. Investments are not deposits of the financial institution and are not guaranteed by a financial institution. Investments are subject to investment risks including loss of principal amount invested.