In an effort to hedge against inflation, the Federal Reserve recently raised its benchmark interest rates three-quarters of a percentage point (or 75 basis points), which was the most aggressive hike since 1994. Fed Chairman Jerome Powell has cautioned that additional...
Investments
How to Protect Your Savings Against Inflation
Over the last year inflation climbed to the highest rate in decades. The combination of supply and labor shortages, hefty amounts of federal aid, ultra-low interest rates, and strong consumer spending sent inflation soaring. With little indication that it will slow...
Use This Checklist to Routinely Evaluate the Financial Health of Your Small Business
As a small-business owner, you know how easy it is to get tied up in the day-to-day details of running a business, but to ensure that your business thrives now and into the future, you need to periodically take stock of your company’s overall financial health. Below...
Six Steps for Building a Better Nest Egg
Building a nest egg takes planning, hard work, diligence, and time. And according to the investment research company Morningstar, only about 25 percent of working American households are on track for retirement. It goes without saying that in order to build a nest egg, you have to save money, but what specific actions should you […]