As the Fed gets ready to taper ‘QE’, UBS' Larry Hatheway warns investors to brace for a period of increased international policy tension. Previously harmonized - but not coordinated - monetary policy stances will give way to conflicting objectives and new strains as adverse ‘spillovers’ occur. As Hatheway notes, we are about to rediscover several inconvenient truths. First, the Fed is the US, not the world’s, central bank.
Before buying that warm-weather home to escape to during the winter, retirees need to consider taxes, health-care options, the rental market and cost of living, as well as other hidden costs of being a snowbird.