The final week before Labor Day and the unofficial end of summer is here! We’ve got football season right around the corner, but first let’s enjoy the last couple days of summer and start it off with some great reads this morning!
Here’s what I’ve been reading this morning:
‘The Great and Awful Thing About These Interest Rates’ – Michael Batnick – The Irrelevant Investor
- Whether we like it or not, the environment has changed with interest rates. In this post, Michael outlines why rates being higher is a good or bad thing depending on where you are in life.
‘Why are Mortgage Rates So High?’ – Ben Carlson – A Wealth of Common Sense
- Interest rates and the battle against inflation have been the headline for over a year. With inflation back down at manageable levels, you might have assumed mortgage rates would be slightly lower as well. Ben explains why that’s not the case.
- A new law that was supposed to come into effect next year has been delayed another two years. It helps 401(k) participants over the age of 50 that would like to make catch up contributions to their accounts.
- The CFP Board released this study that suggests almost a third of investors surveyed would implement AI financial advice without verifying it first. This is rather alarming, to say the least. This post digs into the study and the AI implications further.
ENJOY!
