August 2020 — Issue #35
A Word from the CEO

Interest rates are at record lows. The Federal Reserve's target for short-term interest rates currently ranges between 0.00% and 0.25%. Rates on 30-year mortgages recently set an all-time low at less than 3%. Despite the fact that interest rates are low, bond mutual funds, such as those the JRB offers, have provided solid returns. Our article, "Investing in a Low Interest Rate Environment," explores this seeming contradiction — and what it means for long-term investors.

As part of this issue's focus on interest rates, we've included an article from Cammack Retirement Group, the JRB's investment consultant. The article charts changes in mortgage interest rates from 1971 to today's record lows.

Finally, please note that August 31 is the deadline for redepositing any Required Minimum Distributions (RMDs) you took in 2020. For more information, see the article below.

As we prepare for the High Holidays, we pray for your continued physical, mental and financial health. If you are experiencing economic hardship, please know that you can always turn to the JRB to discuss your concerns. We are just an email or phone call (888-JRB-FREE) away.

Wishing You and Your Family a Shana Tova U’Metuka,
Investing in a
Low Interest Rate Environment
What is driving today's low interest rates? Why are bond fund returns so much higher than current interest rates? How can you reduce the impact of low interest rates on your portfolio?
30-Year Mortgage Rates
Hit Record Lows
The average rate on the 30-year fixed rate mortgage fell below 3.00% for the first time.
August 31 Deadline to Return RMD
Due to the pandemic, you do not have to take an RMD in 2020. Already taken one? You have until August 31 to return it to your JRB account.
Make an appointment to speak with Mitch to discuss how to achieve your financial and retirement goals.
This information is for general purposes only and does not constitute legal, tax, or investment advice.