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optimum wealth llc 



February 2023 Newsletter



The past Year has seen a rise in interest rates that has not been experienced in many years. This rate which is referred to as “The Federal Funds Rate” is the rate of interest that the banks use to lend money to each other and this rate is controlled by the Federal Reserve Bank.

For a very long time that rate was at or close to zero percent and now that rate today is 4.50-4.75%. That is a significant difference, affecting and creating a higher cost of loans and related debt. But there is another affect in that the rates on savings are now much higher than they have been for many years. Savings is again now “An Asset” that you should review and manage just as you would other types of assets such as Your retirement accounts. A change of earning .2% to 4% will certainly put more interest and growth in Your pocket. A few helpful points to manage these “savings”:

1. Shop and Check around to see what is available for savings/money market rates so You know what to expect or ask for.

2. Ask Your current Bank or Credit Union for a review of Your accounts and to see what they can offer to You.

3. Review your savings plans and match what You are doing to Your goals. Example: If you don’t need some of the saved money now, maybe you could use some of the savings in that 12 month CD for higher rates.

4. If you need some help or guidance, we get these questions a lot and are always happy to help. And if You don’t have success finding a solution we could help You with that also.

We hope this information is helpful for You and we have an open door policy, feel free to reach out at any time.

Thank you!

focus photography of person counting dollar banknotes

How Much Cash Should I Have on Hand?


Given that we’re increasingly becoming a cashless society, the question of how much cash we should keep on hand is difficult to answer.

A U.S. News and World Report article, How Much Cash Should I Keep on Hand, has some insights that may help you determine how much money you should keep in your home and in your pocket when you’re running errands or shopping.


Read More



Birds Have the Most Monogamous Couples


Our feathered friends are known for their elaborate mating dances and rituals, and that’s not just for show – most of these love-birds mate for life. Up to 90% of bird species stick to the same partner each breeding season. For mammals, it’s only about 5%, and Sea creatures and reptiles are seldom monogamous, but there are exceptions. Notable examples include: swans, bald eagles, Atlantic Puffins, grey wolves, Eurasian beavers, Australian seahorses, and Hawksbill sea turtles.



Debt Optimization Strategies


To help improve your financial situation, you might consider reducing your debt. Before starting any debt payoff strategy (or combination of strategies), be sure you understand the terms of your debts, including interest rates, payment requirements, and any prepayment or other penalties.


Read More



Sugar Cookie Bark


This sugar cookie dough bark is a combination of candy and cookie dough! Sugar cookie dough is transformed into a delicious white chocolate cookie bark with the festive colors of sprinkles – it’s the ultimate sugar rush!


Get Baking!


310 Marlboro Street
Keene, NH 03431
Ph: (603) 357-1084

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Advisory services are offered by Optimum Wealth LLC a Registered Investment Advisor in the State of New Hampshire. Insurance products and services are offered through Optimum Financial LLC dba Optimum Benefits, an affiliated company. Optimum Wealth LLC and Optimum Financial LLC are not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law.

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