The FED Drops Interest Rates by 0.5% | Annuities and the Rise of Healthcare Costs

By now, almost everyone has heard that the FED dropped interest rates last week, which has created a lot of noise in the investment world. Contrary to what many talking heads and advertisers would lead you to believe, now is not the time to make a change, and interest rates were already coming down before the announcement. Paul opens the episode with a deep dive into why the drop may have happened and what these kinds of announcements actually signal or affect. Later in the episode, Paul jumps into a listener question about an annuity with multi-year guarantees to use for healthcare costs late in retirement. Paul addresses the rising healthcare costs and discusses what he’s looking to use annuity products for and when you should stay away from them.

 

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