The Courage Miller Difference

on September 25, 2017 Comments Off on The Courage Miller Difference

Financial planning, retirement planning, investment advice, whatever the reason that brings you to us, there’s a distinctive reason for why we are different than our competitors. We value your success. It’s why we established our company as an independent fee only company. We eliminated the conflict that arises when commissions are made on certain products or services, so that we can focus on you.

Our business strategy and relationship with you is founded on four major principles: honesty, transparency, dependability, and continuous improvement.

To find out more about what makes us different, contact us today. We’d love to talk with you.


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Jase TeamThe Courage Miller Difference

Will the FED raise rates this time!!

on December 15, 2015 Comments Off on Will the FED raise rates this time!!

Today was the first day of the Federal Open Market Committee meeting.  There is tremendous anticipation regarding what the FOMC will do with interest rates.  The consensus is that the FED will increase their target rate by 0.25%.  The increase in interest rates has been anticipated for some time, but each time it has been delayed due to underlying fundamentals or current events that deterred the FOMC from moving forward.  What the delay has done is driven uncertainty in the markets which creates additional volatility.  Since the consensus is for an interest rate increase, we would anticipate a favorable response from the markets if they move forward with the expected interest rate increase.

By increasing the interest rates, the FED is making a statement in their confidence of the economy.  They believe that we are on a strong enough footing with their unemployment metrics and job growth. In many instances interest rate increases are used to slow down an economy due to inflationary pressures.  Today we do not see a tremendous amount of inflationary pressure, but the belief is that the FED is working to stay ahead of potential inflation so they can achieve their long term inflation target of about two percent and not overshoot it by waiting too long to act.

Others have been anticipating the interest rate increase because it provides the FED with a future mechanism to battle a recession.  Today with interest rates so low, if we did slip into another recession, there was some concern that the tools available for the FED would not be as expansive.  We would have to move into more asset purchase programs and down the path of not just easier monetary policy but also down a path of increased printing of currency.

If the FED moves forward with the decision to increase interest rates, then hopefully, some of the uncertainty that has caused angst in the markets will be removed.  It will be good to move past the looming question of when will they start to raise rates.  It is hard to believe that the target rate has been at the current 0% to 0.25% target range since December of 2008.

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Jeffrey MillerWill the FED raise rates this time!!