The latest episode of the Mullooly Asset Show dropped this morning! Head on over to our YouTube channel to check it out. Tom discusses the truth about owning annuities.
Here’s what I’ve been reading this morning:
‘How the Fed’s Rate Hikes Impact Student Loan Borrowers’ – Annie Nova – CNBC
- Inflation has been running wild in the economy, and to combat that the Fed decided to raise interest rates 25 basis points this week. It’s the first rate hike in years. While it’s meant to help with inflation, what does it mean for your student loan debt?
‘Will the Bear Market in Happiness Ever End?’ – Tony Isola – A Teachable Moment
- You know that old saying “money doesn’t buy happiness”? In a lot of cases, it’s really true. Tony writes about the “bear market” in happiness that people tend to have and why the best stock market returns in the world won’t matter if you’re unhappy.
‘46% of Taxpayers Plan to Save Their Refund This Year’ – Carmen Reinicke – CNBC
- Seeing how people utilize their tax returns every year is always an interesting glimpse into the behavioral side of personal finance. This article shows that almost half of folks this year plan to save their refunds. I’d be interested to circle back later this year and see if they actually did!
‘The End of Zero: Prepare for a World With Higher Rates’ – Justin Lahart – The Wall Street Journal
- As I mentioned above, this week we had the Fed raise interest rates for the first time in years. Since it’s been a while, people may have gotten used to living in a world with near-zero rates. What can they expect as rates begin to rise again?
ENJOY!
