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Higgins Capital Management, Inc.

Fed Surprised, Sources of Income and Sunnylife Beach Assessories

The Economy: Well, the Fed surprised the markets today cutting the growth forecast and stating no more rate hikes in 2019.  The knee jerk reaction was for both the stock and bond markets to rally.  However, stocks closed mixed as market participants began to worry about what the Fed knows but aren't sharing.

Food for Thought:  You may just spend more time in retirement than you did in the workforce, another 25-40 years.  That's a long time to rely on retirement assets.  Remember that pensions and social security can't be your sole source of retirement income.  You've got to think outside the box of how to maintain the lifestyle you want in retirement.  You may want to consider a fixed index annuity.  It provides tax-deferred growth without the worry of a declining market.  When you are ready, you can convert into a steady, guaranteed lifetime income stream. 

Mixing Business with Pleasure:  Today's the 1st day of Spring so it's time to start thinking about all the beautiful beaches we have in and around San Diego, especially after our 7 weeks of rain.  How about an inflatable beach pillow to start you on your path to playful days in the sand?  Check out Sunnylife (Beach dropdown) for everything beachy.