Ryan shares updates about Apex Retirement Services offerings. In the past month we’ve helped clients improve or maintain their insurance coverage. Tune in each week to see how we’re showing up for you, our Apex family. We’ll share updates on different service topics, recent events, and client meetings.
Medical insurance is an aspect of retirement that is often overlooked. Apex Retirement Services offers medical insurance to protect your nest egg from home care and medical expenses. If you’re unsure if you are in the right place when it comes to medical insurance, our team will work with you to find the best fit and give you peace of mind.
Apex Retirement Services offers car and home-owners insurance. We work with our clients to find out their coverage policy. From here, our team goes to each insurance company to find out the following:
1) Can we get you more coverage for your money?
2) Same coverage for less money?
3) Are you right on track?
Our team saves clients money on premiums.
Grow your knowledge about retirement planning through Apex Retirement Services educational workshops. We believe it’s essential to understand what you’re doing with your money, so we’re offering classes to keep you moving forward with your retirement planning. There will be 4 workshops offered this year, and save-the-dates will be sent out.
On another addition of Apex Education, Ryan tackles the rising inflation crisis.
We all remember in the middle, and throughout the pandemic the government was printing trillions of dollars of new money in hopes of stimulating the economy. These measures taken by the federal government, to keep us out of a recession or possibly depression, has led to some unfavorable economic realities that we are now facing.
The massive amount of capital that was pumped into our economy has created a situation where the price of goods and services has increased dramatically over the past year. To compound the severity of the situation, we also have a shortage of goods and services. So now we are faced with an extremely large amount of capital, within our economy, that is bidding up the price of everything. Not to mention that the fact that those goods and services are in short supply regardless of how much money it was in the system.
The Fed will increase interest rates in hopes of combating the rising inflationary numbers. This may or may not work, but either way the rising interest rates combined with the high inflation will definitely impact peoples investments and lifestyle in retirement.
In this episode of Apex Education, Ryan discusses the recent increases in interest rates by the Fed.
In recent months the Fed has made several increases to our interest rates. Ryan explains how these increases will impact the average person. As the Fed raises rates, mortgage rates will also increase in correlation with the interest rates. This will impact people who are going out and attempting to get a mortgage or attempting to refinance their current mortgage. This proves especially difficult for people in retirement who are trying to refinance their primary homes because they do not have a paycheck. This makes securing loans from the bank difficult.
So, Ryan’s advice to people who are thinking about refinancing their homes, is that they should probably do this sooner rather than later. This is because it is unlikely, although not impossible that the Fed would change their current course of direction and decrease rates anytime soon.
These rate increases will also impact bond in fixed income investments. As rates increase, bonds and other fixed income products lose value. There is an inverse correlation between rates and values of bonds.
So, if you have these types of investment holdings within your portfolio then you should speak to a professional to see how increased interest rates could potentially impact your overall asset values.
Lastly, as interest rates increase and mortgage rates follow their lead, traditionally real estate values have decreased. This is because individuals, when taking a mortgage with a higher interest rate cannot get as large of a loan as compared to lower interest rates. So, if there are less people in the market for homes due to non-favorable mortgage rates then there is less of a demand on the buying side and home values could potentially suffer