Financial Exchange Blog

Barry Armstrong has more than 25 years of experience in the financial services industry and hosts WRKO's Financial Exchange program every weekday from 10 a.m. to noon. Barry also works with the independent financial professionals at Armstrong Advisory Group, which he founded himself, to serve individual investors and small businesses in New England. For the most up to date information on The Financial Exchange, as well as industry news and info, follow Barry on Twitter @BarryGArmstrong.

09/21/2012 - 1:41pm
By: Armstrong Advisory Group
Quantitative Easing: The Good and the Bad

One thing apparent from both the interest rate adjustments and QE decisions in 2008-09 was how closely the Federal Reserve watched the movements of the stock market. On Martin Luther King Day in 2008, stock markets around the world plunged. What caused this drop?  At the time, nobody was quite sure but many believed that investors were panicking as the global economy cooled.  In response to the sharp decline in global financial markets, the Federal Reserve held an emergency meeting on that Monday and decided to lower the federal funds rate by 75 basis points (0.75 percent).  A few weeks...

09/13/2012 - 3:03pm
By: Armstrong Advisory Group
What happens to the home when a person enters a nursing home?
  • The home will be protected if the spouse continues to live in the home while the applicant for Medicaid is in the nursing home. However, should the spouse move from the home or need long term care themselves, the home will no longer be protected. Therefore advanced trust planning is necessary by the healthy spouse to protect the home entirely, following the MassHealth eligibility of the institutionalized spouse.
  • A transfer to a sibling with an equity interest living in the home for at least one year prior to the applicant entering the nursing facility can occur. For example,...
09/07/2012 - 5:28pm
By: Armstrong Advisory Group
August 2012 Thoughts

Owners’ Equivalent Rent (OER) is the amount a homeowner would pay to rent his or her home and thus is the proxy the Bureau of Labor Statistics uses for the housing portion of the CPI. According to the forecasts of the Cleveland Fed, the Owners’ Equivalent Rent could cause the Core CPI to rise by at least 0.5 percent in each of the next three years. Why does this matter? The Federal Reserve has undertaken significant monetary infusions in order to attempt to jump start the economy. Because inflation has remained tame, the Fed has...