Another rate cut?

Most investors believe the Fed will lower rates by another quarter percentage point but will also suggest they are gearing up for a pause.
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Well this is great news for investors. Do not fall into the trap the the government is setting for the American people. The less the interest rate, the more people will be incline to borrow more money and create more debt.

Now lets take a look at people like myself who has a little money saved up in the bank. The best rates that you can get from a bank in this area on a CD is under three per-cent. Don't forget that this money is also taxable. So If you have twenty thousand dollars, that will give you about six hundred dollars in interest that you will have to add to your income. If you are lucky you will come out making one and half per-cent on your money after taxes. This is not even keeping up with inflation. I will be looking how much money that I can put into my IRA this year. Its a little more interest and it is not taxable until I start taking it out in the future.