Credit

Grady Financial Network knows that credit is important now and it can be especially important in retirement.

Who hasn't heard some or all of the following?

Be sure to check your credit score periodically.

Apply for a credit card so you can establish credit.

Your credit score dropped.

Your credit score rose.

Regardless of your age, the thought of not having to work, but still enjoying a great quality of life is probably quite appealing. Retirement sneaks up on you as each year goes by faster and faster.

I don’t spend a lot of time offering specific market commentary at Financial Planning Fort Collins.  I think there are a lot of places and a lot of personalities that can offer plenty of very fine commentary for you to enjoy, if that's your thing.  But when bigger picture things happen, I will try to put them into context, as much as possible.

Which segues into interest rates, and bonds.  Interest rates have recently made a sharp move higher.  In early May the benchmark 10-year Treasury note was at a yield of 1.66%, near the all-time lows hit in July of 2012.  The difference between this year and last is that in just over a month the yield on that 10-year T-note has snapped up to around 2.20%.  On a relative basis, that's a big move for the bond market - yields moved up by nearly 1/3rd in around 30 days.¹