It’s Complicated: Money and Happiness


It's Complicated: Money and HappinessDoes more wealth lead to more happiness? Researchers have tackled this question for decades, and although the results have differed, one fact is certain: The relationship between money and happiness–or “well-being,” as many researchers put it–is complicated.


Think before you spend

In their book, Happy Money: The Science of Smarter Spending, Professors Elizabeth Dunn and Michael Norton summarize their own and others’ research. What they found is that it’s not necessarily how much you make that matters to overall happiness (although that certainly contributes), but what you do with your money. They boiled down the findings to five “key principles of happy money.”
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How can I try to manage the impact of an interest rate hike?

How can I try to manage the impact of an interest rate hike?With higher interest rates a distinct possibility in 2015, you may want to think about whether the bond portion of your portfolio is positioned appropriately given your time horizon and risk tolerance. One factor you might consider is which types of bonds may be most vulnerable to a rate hike.

Some investors forget that a bond’s principal value may fluctuate with market conditions. When interest rates rise, longer-term bonds may feel a greater impact than those with shorter maturities. When interest rates are rising, bond buyers may be reluctant to tie up their money for longer periods if they anticipate higher yields in the future. The longer a bond’s term, the greater the risk that its yield may eventually be superseded by that of newer bonds.

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Should I be worried about a Federal Reserve interest rate hike?

Should I be worried about a Federal Reserve interest rate hike?After years of record-low interest rates, at some point this year the Federal Reserve is expected to begin raising its target federal funds interest rate (the rate at which banks lend to one another funds they’ve deposited at the Fed). Because bond prices typically fall when interest rates rise, any rate hike is likely to affect the value of bond investments.

However, higher rates aren’t all bad news. For those who have been diligent about saving and/or have kept a substantial portion of their portfolios in cash alternatives, higher rates could be a boon. For example, higher rates could mean that savings accounts and CDs are likely to do better at providing income than they have in recent years.
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Tradewinds Credit Union of Comstock Park, MI Signs Agreement with Money Concepts Capital Corp. to offer Financial Planning Services


Tradewinds Credit Union of Comstock Park, MI Signs Agreement with Money Concepts Capital Corp. to offer Financial Planning ServicesIndependent broker-dealer Money Concepts is pleased to announce a new strategic relationship with Tradewinds Credit Union.


(PRWEB) January 29, 2015

Wealth Management and Financial Planning firm Money Concepts signed a new agreement with Tradewinds Credit Union a $17.5 million asset credit union based in Comstock Park, MI.

Mary Sullivan, President & CEO of Tradewinds Credit Union has been serving the West Michigan building trades and community since 1956. “I am excited about our partnership with Money Concepts International Inc. and the financial planning service it will provide for our members. Money Concepts like Tradewinds Credit Union will offer the unique combination of friendly and professional service and attention to our member’s individual financial needs.”

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10 Financial Terms Everyone Should Know

10 Financial Terms Everyone Should Know

Understanding financial matters can be difficult if you don’t understand the jargon. Becoming familiar with these 10 financial terms may help make things clearer.


 1. Time value of money

The time value of money is the concept that money on hand today is worth more than the same amount of money in the future, because the money you have today could be invested to earn interest and increase in value.


Why is it important? Understanding that money today is worth more than the same amount in the future can help you evaluate investments that offer different potential rates of return.


2. Inflation

Inflation reflects any overall upward movement in the price of consumer goods and services and is usually associated with the loss of purchasing power over time.


Why is it important? Because inflation generally pushes the cost of goods and services higher, any estimate of how much you’ll need in the future–for example, how much you’ll need to save for retirement–should take into account the potential impact of inflation.

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