The Fed’s rate hike is almost guaranteed, but it’s not your mortgage you should worry about. Today I show you where interest rates will have greater impact.

Summary: Today is Fed rate decision day and an increase is almost guaranteed. Today most people equate interest rates with mortgages directly when in reality mortgages are more affected by supply and demand issues. Interest rates have a greater affect on credit cards, CD’s, auto loans and HELOC’s. Other topics include: • Social security calculations • How the tax cut affects 529 plans • Money mistakes made by parents of special needs kids • Chasing returns