We have recently received several calls from clients and radio show listeners who also have accumulated sizable credit card debt. Their questions are twofold: should they pay off the debt with other assets and, if so, where to withdraw the assets from to pay off that debt.
On August 27, Federal Reserve Chairman Jerome Powell dramatically changed monetary policy that had been in place since the 1970s. He did so in a speech at an economic symposium sponsored by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming. The speech was entitled “Navigating the Decade Ahead: Implications for Monetary Policy.”
There’s an old saying in the investment community that the average investor spends more time researching what toaster to buy than what mutual fund to invest in.