MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Southern Berkshire Chamber     Lee Chamber     Lenox Chamber     Berkshire Community College    
Search
Home About Archives RSS Feed
The Retired Investor: Interest-Only mortgages Risky In Rising Rate Environment.
By Bill Schmick,
10:06AM / Saturday, May 21, 2022
Over the past decade, as interest rates declined, some home buyers gravitated towards interest-only loans. However, times are changing, and borrowers should be careful in considering this kind of mortgage loan.   During the past two years, many financial lenders have tightened credit standards across most loan types. The combination of the coronavirus pandemic, supply shortages, inflation and the impact of the Ukraine war has created a drag on the U.S. economy. A slowing economy increases the risks of lending, thus tighter standards emerge.   Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back most mortgages exclude interest-only

0 Comments
Read More >>

The Retired Investor: Roe v. Wade Versus Corporate America
By Bill Schmick,
04:21PM / Thursday, May 12, 2022
The impending Supreme Court decision to strike down Roe v. Wade will have enormous ramifications for American corporations. Legal issues, user data privacy practices, and workforce challenges will prove impossible to ignore.   Businesses of all kinds face the following facts: most Americans (53 percent), according to a recent Washington Post-ABC News poll, believe the Supreme Court is wrong and that the court should uphold the landmark ruling that established a constitutional right to abortion. Only 28 percent believe it should be overturned.   Nonetheless, if the Supreme Court hands down its expected decision to overturn Roe v. Wade, 13 states have trigger laws

0 Comments
Read More >>

The Retired Investor: Cryptocurrencies & Your Retirement Accounts
By Bill Schmick,
04:04PM / Thursday, May 05, 2022
Investing in cryptocurrency has been legal in some retirement accounts since 2014. Few if any entities, however, have offered savers this option. That may be changing.   The IRS issued Virtual Currency Guidance back in 2014. Since then, cryptocurrencies have been considered acceptable assets for self-directed IRAs (SDIRA) and Solo 401(k)s. A self-directed IRA, which represents less than 3 percent of all IRAs, is a type of Individual Retirement Account that can hold a variety of alternative investments normally prohibited from regular IRAs. It can invest in things like precious metals, real estate, private placements, and cryptocurrencies. It is directly managed by the

0 Comments
Read More >>

The Retired Investor: Shrinkflation
By Bill Schmick,
04:30PM / Thursday, April 28, 2022
By now, you may have noticed that something doesn't look quite right on your grocery shelves. Could be that bag of chips, or maybe that roll of toilet paper seems to have shrunk? Let me assure you it is not your eyes; we have all come down with a bad case of shrinkflation.   Shrinkflation is an actual term, according to Wikipedia, which means "a rise in the general price level of goods per unit of weight or volume, brought about by a reduction in the weight or size of the item sold." I must admit that, until recently, the shrinkage that has now become commonplace in most grocery stores and supermarkets, thanks to a generational high in the inflation rate, went

0 Comments
Read More >>

The Retired Investor: U.S. Dollar Hits Two-Year Highs
By Bill Schmick,
04:25PM / Thursday, April 21, 2022
The Federal Reserve Bank's tightening of monetary policy has driven up interest rates, while causing investors to sell stocks. It has had another impact — a steep rise in the U. S. dollar.   The U.S. bond market has already priced in a 96 percent chance of a 50 basis-point rise in the Federal funds rate at the next FOMC meeting in May 2022. The fixed income markets are expecting a cumulative 2.15 percent rise in interest rates by the end of 2022. In the meantime, the U.S. 10-year Treasury yield hit 2.90 percent this week on its way to 3 percent.   As interest rates continue to rise, so does the U.S. dollar. It climbed to a new, 20-year high of 126.98

0 Comments
Read More >>

NorthAdams.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved