David Auer, Founder and CEO of Auer Tax Group Talks About Effects of Potential Rise in Interest Rates
Founder and CEO of Auer Tax Group, author and Premier Tax Expert, David Auer reviews potential outcomes of recent Federal Reserve raise in interest rates and how future changes are likely to affect different segments of the population.
Tulsa, OK – March 31, 2016 – David Auer, recognized Premier Tax Expert and Founder/CEO of Auer Tax Group posted a new blog on the company website entitled “Rising Interest Rates Good for Some, Not So Good for Others.”
Auer begins with an acknowledgement saying, “Ok, I realize that one quarter of a percentage point is not cause for celebration or alarm.” “However,” he adds, “since interest rates have held steady at near-zero levels for most of the past decade, when the Federal Reserve made that seemingly insignificant raise in December, it set off talk of more changes to come.”
Auer points out that, “Technically speaking, only the federal funds rate was adjusted in December. That’s the short-term rate that credit-worthy banks and credit unions use to lend each other money. But any interest rate revisions can cause a ripple effect throughout the economy.”
According to Auer, “For example, you stand to gain from rising interest rates because you’ll likely earn a better return on your deposits. Over the last ten years, placing your money in a certificate of deposit or passbook savings account has been hardly more profitable than stuffing it under a mattress.”
The entire blog can be read at http://www.premiertaxexpert.com/rising-interest-rates-good-for-some-not-so-good-for-others/
About David Auer
With over 30 years of experience, David Auer is the Founder and CEO of Auer Tax Group, a national tax consulting firm, Blue Ocean Strategies, a business strategic planning group, and The Advanced Planning Group, a collaboration of multidisciplinary advisors focused on tax, estate, asset protection, and business succession strategies for successful business owners, professionals, and high net worth families. He is also a founding member of Financial Gravity Law, a division of Financial Gravity®.
David is a frequent speaker, is recognized as one of America’s Premier Experts®, is on the adjunct faculty of Asset Protection Corporation founded by internationally acclaimed asset protection attorney Robert Lambert, LLM in Taxation, Esq., and is the author or co-author of several books, including 57 Ways to Grow Your Business – Bright Ideas for Serious Entrepreneurs; “You Can Deduct THAT?”; Ignite Your Life with Brian Tracy; and Performance 360 Special Edition with Richard Branson.