Stock Market Speculation Declines To Its Long Term Average Mortgage Strategy
b"In this episode of the Planned Solutions Incorporated Podcast, The level of margin debt (money borrowed to invest in stocks) was at high levels in late 2021 creating a concern about the high level of short-term speculation in the stock market. However, since then, the amount borrowed to invest in stocks has declined sharply and is\\nnow in line with the long-term trendline. This could be a sign that the stock market is normalizing by correcting for some of the excesses that were built following the pandemic. \\n\\nAlso, Interest rates have been increasing which is a bad thing for conventional mortgages. However, it may benefit borrowers to take out a reverse mortgage with a line of credit. This is because the\\nlimit on the line of credit increases at the same interest rate that would be applied to any balance on the loan. Therefore, the higher the interest rates, the faster the limit on the line of credit will increase over time. \\n\\nAnd, Higher interest rates have created an environment where many\\nhomeowners can earn a higher interest rate on their money, with\\nlittle risk, then their mortgage is costing them. This can lead to a\\nlow-risk strategy where borrowers who have the money to pay off their mortgage may benefit from investing their money instead and then using the funds, plus interest, to pay off their mortgage over time. \\n\\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- For many health insurance providers, Open Enrollment for health insurance in 2023 starts on November 1, 2022. Now may be a good time to review your current coverage and make any necessary changes for the coming year. Things to consider can include your health history, change in marital status, change in dependents, change in job(s) for you and/or your partner, and change in income and tax brackets. The health insurance landscape is constantly changing which can impact your current plan. In addition to comparing plans offered by each of your and your partner\\u2019s employer, it is important to compare the premiums relative to the coverage, maximum out of pocket expenses, deductibles, and High Deductible Health Plans and Health Savings Account (HSA) features. If eligible, individuals can contribute up to $3,850 ($7,750 for family coverage) as tax-deductible contributions to an HSA Plan for the tax year 2023. \\n\\nThe Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. While we were looking forward to golfing and raising money for cancer charities we realized that no one was likely to show up to play in 108-degree heat and\\nsmoke hanging in the air from the fires in El Dorado and Placer counties. Fortunately, we were able to postpone the date to a time when it should be much cooler. \\nThe new details are:\\nDate: Friday, November 11, 2022\\nTime: 11:00 am shotgun tee time (moved up due to daylight savings)\\nWith the change in the date, there is still time to sign up to golf or attend the dinner afterward.\\nThe new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.\\n\\nChase Armer's book- Financial Planning Insights is now available at:\\nwww.amazon.com/Financial-Planning\\u20261586894022&sr=8-1\\n\\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\\n\\nThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\\n\\nPlanned Solutions, Inc."