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Money Matters update August 8 2022

 

 Is the US dollar headed for 18 zeros ?

 

Hello Money Matters fans,

 

With the market continuing to jerk investors to and fro, even with the recent increase in market up days compared to the first half of the year, many are looking for safe havens until the market becomes more stable.

U.S. Government “I-Bonds” from Treasurydirect.gov are paying an annual yield of close to ten percent right now and was covered in a previous Money Matters article so I won’t cover them again here.

Regular treasuries and CD’s can be bought at your local bank, credit union or brokerage house, although the interest rates are still anemic even with the Federal Reserve on an interest rate increase binge of late.

In searching for higher yielding yet safe investment vehicles from our brokerage house where we handle our accounts, the fixed income department gives direct access to CD and U.S. treasury screeners where I can view current rates and different quantity solicitations directly from such dealers.

For instance, when I go to my U.S. Treasury screener, I can see a variety of dealers offering up their treasury quantities and rates. Each dealers offering can be slightly different than the next.

Surprisingly, three, six and nine month Treasuries were offering yields north of 2%. The longer out one went, the higher the yield.  The Cd’s offered on this dealer screener were equally surprising in their yields.

I, like many investors, have become used to the near zero rates banks will pay on short term savings accounts, U.S. debt like Treasury bills, bonds or notes, and money market funds. We may just assume the returns on such short term monetary commitment vehicles are paying next to nothing, and for years we may have been right.

Surprisingly, and refreshingly, by accessing direct into my brokerage firm’s dealer screen, those perceived “non-existent” or paltry rates from banking institutions are becoming somewhat of a mirage. They aren’t so paltry anymore.

Rates are actually becoming palatable, at least to this analyst, and even on short term financial instruments like Treasuries and Cds, and on instant access accounts like savings or checking, rates are rising.

Will miracles never cease…

In checking www.bankrate.com, one of my favorite comparative websites for bank rates on all sorts of financial products like Cds, Treasuries, savings and checking accounts, at first glance, the rates appear to be lower than what I can access through my dealer screener at my advisory broker.

Although financial service companies like advisors and brokers are usually sought out for stocks and bonds, I was pleasantly surprised to see not only could I buy these “bank” type products mentioned above, the rates I was seeing were comparatively very attractive.

Thank goodness I looked right?

The whole point of today’s musing is to illustrate interest rates have likely risen at your local bank and credit union, like they have at most all financial institutions. This is because of the Feds recent war on inflation. To help combat it, they are increasing interest rates.

These ongoing rate increases by the Fed have also helped increase bank product rates. That means savings and checking accounts, along with a whole slew of other typical bank offerings are likely paying higher rates then we remember.

Making a good thing even better, inquiring at your local financial advisor office about such investments that are typically bought at a bank might mean even higher rates are available there.

I was surprised to see the dealer markets our brokerage firm had access to might be offering what appeared to be even higher rates than I found elsewhere.

Only goes to show that, in these crazy times, continually circling back to what was thought to be once stale financial fishing grounds might surprise to the upside if we take the time to inquire.

Revisiting what we once thought was the mundane may not be so boring after all.

And Lord knows our pocket books could all use a little more stuffing in them.

 

Marc was recently voted Best Financial Advisor in Nevada County. 530-559-1214

Turning 65?         Call me!

 

(530)559-1214

 


 

Welcome

 

What we do:

Marc is an experienced economic professional. For financial services click here: https://www.vantageauburn.com/marc-s-services

 

Moneymanagementradio.com offers contact information to speak with Marc one on one and learn about what we offer so keep reading!

Marc Cuniberti, award winning host of Money Matters and Money Management Radio, welcomes you to his updated website. Money Matters articles grace the pages of many newspapers and financial media. On this website, you can download any of his radio shows by subscribing on any website page. Sign up for his newsletter or learn about his opinions about the economic world around you by clicking around the site. Of course, the radio shows are the main reason the site is here, so look through the SHOW TITLES page to hear a variety of topics,one or more are certain to peek your interest and perhaps find a show(s) that apply to your particular interest or question. 

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There are many financial products in the market, and choosing the ones that best meet an individual client’s needs can be complicated.  Informed decisions about the products in any portfolio are best made after an assessment of individual needs.  Speak with Marc directly. It is that easy. 

 

Marc Cuniberti (530)559-1214

 

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Economic Advanced Studies and Honors Graduate SDSU in Economics

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Link to services here: https://www.vantageauburn.com/marc-s-services

 

Insurance can protect you and your family from undue hardship. Some life insurance policies also provide tax-advantaged savings that you can draw on to achieve goals like buying a house or retiring comfortably. I have access to a variety of insurance products that can help meet your security planning needs. No matter your personal situation—if you’re single or in a family; a professional or a seasonal employee; an executive or small business owner—we will work together to design a customized plan.

  • Life
  • Medicare
  • Long-term care
  • Fire Insurance
  • Auto
  • Business
  • Long Term Care
  • Liabilty
  • Event Liability
  • Annuities for income and growth

A Word about Life insurance:

In the event of death, life insurance may offer surviving family members financial security. As a tax-free lump sum payment, it can pay for final expenses and debts, as well as provide income for the deceased’s dependents.

 

The advantages of life insurance include:

  • An instant estate for your loved ones at a time when funds are most needed
  • Death benefits that are almost always non-taxable for named beneficiaries
  • Avoid probate costs if you name a beneficiary other than your estate
  • Potentially offer your loved ones creditor protection through some life insurance plans
  • Build tax-advantaged capital for retirement purposes or provide liquid savings through some permanent life insurance plans

 

Long-term Care, Disability and Critical Illness insurance, Lifetime income strategies and Medicare:

Help protect one of your most valuable assets – your income – from unexpected events through long-term care, disability and critical illness insurance.

Income is important for both current financial obligations (e.g. grocery bills and mortgage payments) and for future financial security (e.g. planning for your children’s education or for retirement). Just think what might happen if you suddenly lost your income stream through a long-term illness or disability.

Long-term care and disability insurance products help protect your ability to earn an income, which can be affected if you are afflicted by a disability or other condition.

Questions about Medicare? 

I can help navigage the programs.

I can also help you choose the long-term care and disability insurance products that provide advantages like:

  • May assist in transfer of assets. 
  • Help loved ones 
  • Assist with paying fixed expenses for your business if you become disabled
  • Support the buy-out of a disabled partner’s share of a business.

 

Critical illness insurance and Medicare Policies

Suffering a critical illness is distressing for both you and your family. Help ease the burden through insurance that will reduce financial stresses and can complement disability and life insurance protection needs. By helping pay for the additional expenses often associated with a critical illness or condition, insurance offers you, your family, and if applicable, your business, added financial security—so you can focus on recovery.

The advantages of critical illness insurance can include:

  • Coverage for up to 22 critical illnesses or conditions
  • An initial lump-sum benefit you can use however you wish—from making mortgage payments to seeking medical treatment outside Canada
  • Home-care costs during illness and recovery periods
  • Even if you’re not disabled from working, you may receive payment
  • The ability to provide a return of premium benefit (optional)
  • Individuals who cannot obtain disability insurance in some cases still qualify for critical illness coverage (e.g. a non-income earning spouse)
  • Medicare Policies and information. Let me walk you through the best options for your situation

Contact me today to determine whether critical illness insurance fits into your financial security plan.

 

There are also new “hybrid” plans available that combine the benefits of life insurance or annuities with long term care coverage and at a cost that may be more affordable than you think. Contact me today so we can assess your needs and develop the best strategies for your specific situation to give you the peace of mind you require and protect your family and loved ones.

 

Mark (Marc) Cuniberti- California Department of Insurance License # OL34249

 

Take a minute to contact Marc directly to schedule a no obligation phone call or meeting:

 

Email: mcuniberti@vantageauburn.com

(530)559-1214

Link for services here: https://www.vantageauburn.com/marc-s-services

 

 

This website expresses the opinions of Marc Cuniberti. Past performance does not guarantee results.

Insurance Solutions offered by Marc Cuniberti and not affliated with Vantage Financial Group.