PLANNED SOLUTIONS Interest Rates Reach Seven Year High Student Loans PSI BB
On this episode of the Planned Solutions Financial Review Podcast we discuss, Longer-term US interest rates may have finally given in to the upward pressure from short-term interest rates. This month the benchmark 10-year Treasury bond yield moved through its long-term trading range to levels that have not been seen since 2011. The amount of student loan debt outstanding increased substantially following the Great Recession. Student loan debt now represents over $1.5 trillion and continues to increase, partly because borrowers are not aware of their options or make common mistakes. Also, IRA owners are required to begin taking Required Minimum Distributions by April 1st the year after they turn 70½ at the latest. The RMD is calculated using the IRA balance as of the end of the prior year and an age factor that is published by the IRS. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- At Planned Solutions we are constantly working to keep up with industry trends and find new and valuable ways to improve our clients’ financial lives. We recently decided to add a new team member to help us move forward with several long-term initiatives that we believe will help us continue to maintain and improve the value that we provide to our clients. If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com