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Top related persons:
Kelly LaVigne - 3 " Johnson - 1 Johnson - 1 Lisa Featherngill - 1 Featherngill - 1 You've - 1 LaVigne - 1 Stefani Reynolds - 1
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Winston Salem , North Carolina Washington Edmunds New Berlin , Wisconsin Toronto Lexington , Massachusetts
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Allianz Life - 3 Istock - 2 Getty - 2 Security COLA - 1 Social Security - 1 Senior Citizens League - 1 Urban - 1 Clerical Workers - 1

Search resuls for: "Kelly LaVigne"


4 mentions found


☆ Here's why Social Security cost-of-living adjustments may be smaller in 2025 and beyond
  + stars: | 2024-03-15 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
Peopleimages | Istock | Getty ImagesEarly estimates for the 2025 Social Security COLANew government data points to a 2.4% Social Security cost-of-living adjustment for 2025, The Senior Citizens League estimates, based on new government inflation data released this week. The Social Security Administration typically announces the cost-of-living adjustment for the following year in October. In the meantime, experts say there are steps retirees can take to help compensate for the prospect of lower benefit increases. Annuities, which provide fixed income in retirement in exchange for a lump-sum investment, can be one way to supplement a retiree's income, LaVigne said. Consult with a financial advisorBefore purchasing an annuity or other retirement income strategy, it helps to consult with a professional.
Persons: " Johnson, Johnson, Lisa Featherngill, Featherngill, Kelly LaVigne, You've, LaVigne Organizations: Istock, Getty, Security COLA, Social Security, Senior Citizens League, Urban, Clerical Workers, CPI, Comerica Wealth Management, Social, Allianz Life Locations: Winston, Salem , North Carolina
☆ Another interest rate hike is likely coming from the Federal Reserve: Here are 5 ways it could affect you
  + stars: | 2023-07-21 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +5 min
"Rising interest rates can sometimes feel like a double-edged sword," said Kelly LaVigne, vice president of consumer insights at Allianz Life. As the federal funds rate rises, the prime rate does, as well, and credit card rates follow suit. The average credit card rate is now more than 20% — an all-time high, while balances are higher and nearly half of credit card holders carry credit card debt from month to month, according to a Bankrate report. Student loans Federal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves. For now, anyone with existing federal education debt will benefit from rates at 0% until student loan payments restart in October.
Persons: Stefani Reynolds, they've, Kelly LaVigne, Brett House, WalletHub, Freddie Mac, Edmunds, Ivan Drury Organizations: Eccles Federal Reserve, Bloomberg, Getty, Reserve, Fed, WalletHub, Allianz Life, Columbia Business School, Treasury, Istock Locations: Washington, Edmunds
☆ YOUR MONEY How to get high rates to work for you
  + stars: | 2023-07-17 | by ( Chris Taylor | ) www.reuters.com   time to read: +4 min
July 17 (Reuters) - There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt. But for some, steep interest rates are not actually bad news. In fact, 38% of people say they have benefited from higher interest rates during the past year, according to a new survey from Allianz Life Insurance. “That’s the dichotomy: Higher interest rates are both crushing some people and benefiting others at the same time,” says Kelly LaVigne, vice president of Consumer Insights for Allianz Life. That means if you have some savings set aside, it is time to think about how to flip this negative of higher interest rates into a positive.
Persons: “, ”, Kelly LaVigne, Amy Arnott, Morningstar, Arnott, Rowe, Baird, Jeremy Keil, Keil, George Gagliardi, Lauren Young, Aurora Ellis Organizations: Allianz Life Insurance, Consumer, Allianz Life, U.S . Federal Reserve, Morningstar, FDIC, Bills, CIT Bank, BMO Alto, Citizens, Financial, Thomson Locations: New Berlin , Wisconsin, Toronto, Lexington , Massachusetts
☆ Historic rate hikes mark the largest 6-month increase in 41 years: What you should do with your money
  + stars: | 2022-09-23 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +4 min
U.S. Federal Reserve Board Chairman Jerome Powell pauses during a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. You'd have to go back to 1981 to find a six-month period when interest rates rose more. With more interest rate hikes on the rise, it's worth reviewing how they affect your finances and how financial experts say you can best adjust your saving, spending and investing strategies. "You are peddling into a progressively stiffer headwind as interest rates rise," Greg McBride, chief financial analyst at Bankrate, told CNBC. Up the interest rate you're getting on cash in the bankOne silver lining of a rising rate environment is that it becomes more lucrative to save.
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