Another 3/4 point interest rate hike today. I will dread looking at the next lump sum amount after the latest hike is reflected. Probably down 250k from height of 0% rates a couple of years ago. YIKES!
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You think it’s low now, check it the first week of January after it takes 2 more hits.
The time to get out was by end of march. If you didn’t and your planning on leaving in the next couple years you are making negative income when you figure in how much you lost in the lump sum.
Small change when your lump sum is 1.3M.
According to the Fed ..they aren't done yet..the hikes r going to continue into 2023.