Three rate hikes are anticipated by year end, but it’s not your mortgage you should fear. Today I explain what really affects your budget following a rate increase.

Summary: Three more rate hikes are projected by the end of the year which won’t affect mortgage rates as much as it affects things like credit cards, HELOC’s and anything tied to prime. Also in the news is ISM’s manufacturing report and the ECB fighting lackluster growth. Other topics: • Portfolio levers that can cause risk • Why wage inflation is tough on portfolios • Rebalancing your portfolio • Financing your parents move to a memory care facility • Sequence of return risks in retirement