Mike Milligan warns financial advisors that rising rates will hit Roth conversions, variable-rate debt, and existing financial plans. He says advisors should call clients now if their written plan doesn't already account for these three scenarios.
If you have a client who has been dragging their feet on Roth conversions, a hiking Fed means rates on cash and bonds could go up, which changes the Roth conversation math on the tax side. If you have a client with variable rate debt, a hiking Fed means the debt gets more expensive. The written plan should already contemplate all 3 scenarios. If it does not, that is a Wednesday afternoon phone call to make this week. Because a written financial plan is a philosophy document that addresses what you do when there's a point in time where a decision needs to be made.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
