After several years of rising rates, we’re finally seeing the cycle turn. A lower-rate environment can create both opportunity and risk, depending on how you prepare.
In this week’s video, Fan shares three smart moves to think about as interest rates decline:
1) Run the numbers on refinancing — lower rates could mean lower payments or shorter loan terms.
2) Don’t rely too heavily on cash — as savings yields drop, consider locking in higher rates through bonds or other fixed-income opportunities.
3) Review your allocation and overall strategy — rate changes can shift which parts of your portfolio deserve more (or less) attention.
It’s a great time to make sure your plan is positioned for the next phase of the market cycle – not the last one.
