How will the showdown over the debt ceiling affect your investments? The analysts at PIMCO offer a preview of the market’s reaction to the coming struggle in Congress. The idea of “bond tapering” has investors on edge. As the Fed reduces its monthly purchases of bonds and mortgage-backed securities, it may have major market consequences. David Gura reports on what’s at stake. 70% of retirees will need long-term care at some point. But the best time to plan for it is now. Kate Dore, CFP®, summarizes the strategies of financial advisors to make it affordable.
A Dizzying Summer In D.C. As Debt Ceiling Looms Again — Another showdown over the U.S. statutory debt ceiling, potentially signals volatility for investors in the months ahead. Read more…
It’s Called The Bond Taper. Yes, It’s Geeky. But This Is Why You Should Know About It — The Federal Reserve plans to reduce its purchases of bonds and mortgage-backed securities every month. Doing so is not straightforward, and it carries big risks for markets, which fell last week on taper uncertainties. Read more…
Most Retirees Will Need Long-Term Care. There Are Ways To Pay For It — The median cost of a private room in a nursing home was $105,850, and in-home care costs were $53,768 to $54,912 annually, according to Genworth’s 2020 Cost of Care Survey. However, it can be tricky to prepare and pay for services, financial experts say. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller