Fi Plan Partners

By Fi Plan PartnersEducation Self-Improvement

Fi Plan Partners episodes

November 05 Capital Gains: The Tax Rules Investors Need to Know
Capital gains can have a bigger impact on your tax bill than you might expect. In this week’s Educational Insights, Ty Miller breaks down how capital gains are taxed, the differences between short-term and long-term gains, and how capital losses and collectibles can factor into your overall tax picture. Understanding these distinctions could help you make more informed investment decisions and plan ahead for potential tax implications.
Watch to learn more.
Ty Miller
Vice President
Wealth Consultant
Email Ty Miller here
Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Capital Gains: The Tax Rules Investors Need to Know first appeared on Fi Plan Partners.
6 min
November 02 Elections and Rotations
Midterm Elections and Historical Market Performance
With the midterm elections finally here, investors are understandably interested in what history can tell us about market performance following an election. While markets have historically performed well in the 12 months after midterm elections, another important consideration is how the makeup of Congress has influenced returns. Historically, S&P 500 returns have often been strongest under various forms of divided government. Based on current election expectations and the possibility of a Democratic sweep, several potential scenarios involving divided government stand out. Historical market data provides useful perspective on how the S&P 500 has performed under these political arrangements. One theme worth watching this year is the policy outlook for data centers. Growing political pressure against data centers could create additional challenges for the artificial intelligence trade, which has been a significant driver of equity market returns in recent years. If state and local lawmakers make it more difficult to build AI infrastructure and data centers, volatility in technology stocks could continue. As the election concludes, investors should remain focused on the policies and developments that could influence markets in the months ahead. Post-election analysis will provide another opportunity to evaluate what the results could mean for the economy and investment landscape.
Unusual Market Rotation and the Importance of Diversification
While political leadership in Washington may shift following the elections, significant rotation has already been taking place within the stock market. Understanding this rotation is important when evaluating overall market performance and the opportunities developing across different sectors. The S&P 500 is made up of 11 sectors, and market rotation occurs when investment dollars move from one sector to another. This can happen in both rising and declining markets. In a healthy market, leadership often shifts between sectors as different areas of the economy take turns driving performance. This rotation can help markets gradually move higher over time. This year, however, has been particularly unusual. Research from Ned Davis Research shows that 2026 ranks as the sixth most volatile year on record for sector rotation. In other words, the sectors leading the market higher have changed more frequently than in all but a handful of years. The highest level of rotation occurred in 2019. What makes this year’s activity especially unique is not simply how frequently leadership has changed, but how differently the leading sectors have performed relative to one another. Typically, sector rotation occurs between areas of the market that have similar characteristics and tend to move together. For example, energy and materials often share similar performance drivers, while information technology companies such as Apple and Microsoft can move in ways that resemble communication services companies such as Google and Meta. These sectors may trade places as market leaders while maintaining a degree of correlation. This year, however, something different is happening. If the current trend continues, it will mark the first time in the 54-year history of sector tracking that the two best-performing sectors have had a negative correlation. Those sectors are energy and technology. Negative correlation means that when one sector moves higher, the other tends to move lower. The relationship makes sense given the developments affecting markets throughout the year. Geopolitical events, including the war in Iran, along with fluctuations in energy prices, inflation concerns and interest rate expectations, have affected these sectors in very different ways. As energy prices have risen, energy companies have benefited, while technology stocks have faced periods of pressure. These competing forces have created a constant handoff in market leadership. The broader market may appear relatively calm, but significant movement is happening beneath the surface. Much like a duck gliding across a pond, the market can look steady on the surface while considerable activity is taking place underneath. This dynamic is expected to continue beyond the midterm elections. Although historical trends suggest the broader market has generally performed well following midterm elections, those returns can mask substantial changes in which sectors are leading performance. That is why diversification remains so important. Investors concentrated entirely in technology or energy could experience significant swings as leadership shifts from one sector to another. One week, one investment may be performing exceptionally well, while the next week another sector takes the lead. A diversified portfolio provides exposure to different areas of the market, helping investors participate in opportunities as leadership changes rather than relying on a single sector to drive returns. When one area experiences pressure, another may provide balance. The greater the uncertainty in the market, the more important diversification becomes. Maintaining a disciplined strategy while remaining attentive to emerging opportunities allows investors to navigate changing conditions without losing sight of their long-term objectives.
Federal Reserve Policy and the Road Ahead
Federal Reserve policy and interest rates have remained important considerations throughout the year, and recent developments suggest there may be more changes ahead than initially appear on the surface. At its most recent meeting, the Federal Reserve held its federal funds rate steady in the 3.75% to 4% range. It is important to distinguish the federal funds rate from other interest rates, such as Treasury yields and mortgage rates, which do not necessarily move in direct alignment with the Fed’s target range. There were two dissenting votes in favor of an additional rate hike, signaling that policymakers do not necessarily agree on the appropriate direction of monetary policy. Current expectations also indicate approximately a 75% probability of another rate increase in December. Rather than signaling a definitive end to rate increases, the latest decision may represent a pause within an ongoing rate-hiking cycle. Beyond the headline rate decision, there are also changes emerging in how the Federal Reserve plans to structure its meetings and communicate its longer-term priorities. The Fed traditionally holds eight scheduled meetings each year to evaluate monetary policy and communicate decisions to the public. Beginning next year, that schedule will remain unchanged, but only seven of those meetings will focus specifically on potential interest rate increases, decreases or other rate adjustments. The additional meeting will be dedicated to longer-term considerations. By 2028, the structure is expected to shift further. While the Fed will continue holding eight meetings annually, six will focus on interest rate decisions, with the remaining two dedicated to longer-term perspectives. These adjustments could signal a broader evolution in how the Federal Reserve approaches monetary policy. While the specific topics and priorities of these additional meetings remain unclear, it will be important to watch what policymakers choose to emphasize and how those discussions influence the direction of future policy. As the year draws to a close, investors should continue monitoring both interest rate decisions and the broader changes taking place within the Federal Reserve. These developments will remain important pieces of the economic and market outlook heading into 2027.

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here
Bobby Norman, CFP®, AIF®, CEPA®
Managing Director
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Chief Investment Officer
Wealth Consultant
Email Trey Booth here
Ty Miller, AIF®
Vice President
Wealth Consultant
Email Ty Miller here

Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Elections and Rotations first appeared on Fi Plan Partners.
5 min
October 29 Five Underestimated Retirement Costs
Retirement expenses can add up in unexpected ways, and nearly half of retirees say their costs are higher than anticipated. In this week’s episode of Educational Insights, Ashley Page explores five commonly underestimated retirement expenses, from healthcare and long-term care to inflation, home maintenance, and supporting adult children. Understanding how these costs can change over time offers valuable perspective when estimating retirement expenses and preparing for the years ahead.
Watch to learn more.
Ashley Page, JD, MBA
Senior Vice President
Wealth Consultant
Email Ashley Page here
Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Five Underestimated Retirement Costs first appeared on Fi Plan Partners.
5 min
October 26 Trick or Treat: Markets, Elections, and Stimulus
Midterm Elections and Market Volatility
As we approach the 2026 midterm elections, market volatility has become a key concern for investors. Higher interest rates, rising oil prices, and political uncertainty have contributed to market fluctuations, while international developments, including protests in France and ongoing uncertainty in the Middle East, have added to the broader concerns facing financial markets. Historically, midterm election years have been characterized by market volatility. However, the current year’s market pullback has been relatively modest compared with historical averages. The S&P 500 experienced a 9.1% decline earlier in 2026, which is below the average peak-to-trough pullback typically seen during midterm election years. Seasonal market trends also offer an interesting perspective. Historically, late October has often marked a turning point when markets begin to perform more favorably. While there is no guarantee that this pattern will repeat, it provides useful context as investors navigate the final weeks before the election. Historical performance following midterm elections is another notable trend. Over the past 19 midterm election cycles, the S&P 500 has finished higher one year after each election. Although past performance cannot guarantee future results, this history reinforces the importance of maintaining a long-term investment perspective rather than reacting to short-term political developments. Market volatility often increases in the weeks leading up to an election, but a well-constructed investment strategy should be built around an individual’s financial goals and long-term plan. Staying the course with an investment strategy designed for a specific financial blueprint remains an important principle, even during periods of uncertainty.
Global Elections, Interest Rates, and the Federal Reserve
Financial markets do not operate in isolation. Events unfolding around the world can influence U.S. investments, interest rates, and investor sentiment, making global developments an important part of the economic outlook. One unexpected development has been the Brazilian election. The incumbent’s victory in a runoff election surprised many observers, and the Brazilian stock market reacted sharply. At the time of this analysis, the market was down approximately 26%, illustrating how political outcomes can create significant uncertainty for investors. Developments in international markets can also have implications for the United States. When investors become concerned about conditions in other countries, capital may flow into U.S. financial markets, including Treasury securities. These movements can affect interest rates and influence the broader investment environment. Brazil’s position as a major economy in the Western Hemisphere makes its political and economic developments particularly relevant. Political developments in Israel and elsewhere also have the potential to influence geopolitical conditions, energy prices, and financial markets. These global considerations are especially important as the Federal Reserve prepares to evaluate the economy and determine its next steps on monetary policy. Interest rates remain a central focus. In 2025, when Federal Reserve Chairman Jerome Powell was cutting short-term interest rates, longer-term rates, including the 10-year Treasury yield and mortgage rates, moved higher. This divergence suggested that financial markets were responding to economic conditions and inflation expectations differently than the Federal Reserve’s short-term policy adjustments alone might indicate. More recently, the 10-year Treasury yield initially moved higher following the Federal Reserve’s September rate increase, rising above 5.3%. However, subsequent global developments have contributed to a decline in yields, bringing the 10-year Treasury back below 5% at the time of this analysis. These movements highlight the relationship between global uncertainty, investor demand for Treasury securities, and interest rates. While the Federal Reserve influences short-term rates, longer-term rates also reflect market expectations, inflation concerns, and international capital flows. As the Federal Reserve evaluates incoming economic data, it must consider the broader global environment alongside domestic conditions. Additional rate increases could have implications for borrowing costs, economic activity, and investment markets, particularly if global uncertainty continues to put downward pressure on longer-term yields. With international elections, the upcoming U.S. midterms, and a closely watched Federal Reserve meeting all occurring within a short period, investors face several interconnected developments. Monitoring these factors and understanding their potential effects on the economy will remain important as the year progresses.
Economic Stimulus: From 2026 to 2027
As 2026 draws to a close, attention is beginning to shift toward the level of economic stimulus expected in 2027. Stimulus generally refers to policies or actions that introduce additional money into the economy or encourage spending and economic activity. It can take several forms, including tax changes, monetary policy, government spending, and direct payments to consumers. Economic stimulus can support consumer spending, business activity, and gross domestic product (GDP). In 2026, an estimated $600 billion in stimulus helped support economic activity despite challenges such as elevated oil prices and geopolitical uncertainty. Several factors contributed to this supportive environment. Tax changes associated with the One Big Beautiful Bill provided a fiscal boost, while an estimated $150 billion in tariff refunds also added support. In addition, Federal Reserve policy remained relatively accommodative for much of the year. The Fed’s balance-sheet expansion involved purchasing securities and adding liquidity to the financial system, which helped support financial conditions. Together, these fiscal and monetary factors created a meaningful level of economic support throughout 2026. The outlook for 2027, however, points to a significant change. Current estimates discussed by research partners suggest that stimulus could fall from approximately $600 billion in 2026 to just $5 billion in 2027. If those estimates hold, the economy would face a substantial reduction in this source of support. Several developments help explain the projected decline. The Federal Reserve has shifted toward a tighter monetary policy stance, with additional interest rate increases anticipated in the outlook discussed. The Fed is also no longer expanding its balance sheet, reducing the additional liquidity that had supported financial conditions. Meanwhile, tariff refunds are largely winding down, and the tax legislation enacted in 2026 is expected to provide a smaller incremental stimulus effect in 2027. Other policy decisions, including potential changes in defense spending or additional government initiatives, could partially offset the decline. However, the overall outlook suggests that the economy may have considerably less stimulus to support growth in the coming year. This transition is worth monitoring, particularly if oil prices remain elevated and geopolitical tensions continue to affect economic conditions. Without the same level of stimulus, businesses may need to rely more heavily on productivity gains, workforce growth, and operational efficiency to sustain economic expansion. The shift from a stimulus-supported environment to one with substantially less support could influence market expectations, corporate earnings, and economic growth. As 2027 approaches, understanding these changes will be important when evaluating the factors that may shape financial markets.

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here
Bobby Norman, CFP®, AIF®, CEPA®
Managing Director
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Chief Investment Officer
Wealth Consultant
Email Trey Booth here
Ty Miller, AIF®
Vice President
Wealth Consultant
Email Ty Miller here

Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Trick or Treat: Markets, Elections, and Stimulus first appeared on Fi Plan Partners.
5 min
October 19 Rates Up, NASDAQ Down
Housing Market Faces Continued Pressure from Higher Rates
Higher interest rates continue to weigh on the housing market, creating challenges for buyers, sellers, and the broader economy. As of October 19, 2026, the 30-year fixed mortgage rate stood at approximately 7.25%, after rising above 7% in mid-September. While that remains below the 8.1% peak reached in October 2023, continued pressure in the Treasury market could push rates higher. One of the biggest obstacles facing the housing market is the widening gap between current mortgage rates and the lower rates many existing homeowners secured in previous years. Homeowners who refinanced at rates in the upper 2% to lower 3% range have little financial incentive to sell and take on a significantly more expensive mortgage. This lock-in effect limits the supply of existing homes, leaving new construction to help fill the gap. However, new home sales would need to accelerate considerably to offset the shortage. Rather than experiencing a complete collapse, the housing market has remained constrained by elevated borrowing costs and softer demand. The median price of a new single-family home has declined, although prices remain well above pre-pandemic levels. Conditions also vary significantly by region, with sales weakening in the West and Northeast while the South has demonstrated greater resilience. The implications extend beyond real estate. Residential investment is expected to subtract approximately 0.3 percentage points from economic growth, placing greater responsibility on business investment and consumer spending to sustain the expansion. With interest rates likely to remain elevated, housing is not positioned to become a major driver of economic growth in the near term. Although today’s mortgage rates present challenges, historical perspective is important. Mortgage rates exceeded 10% in 1987, when Greg Powell and his wife purchased their first home. Interest rate cycles have always presented obstacles, but the economy and housing market have adapted over time. Today’s environment requires careful consideration of affordability and market conditions rather than viewing current rates in isolation.
Rising Rates Put Pressure on Technology Stocks and AI Investment
Last week’s inflation reports added another layer of uncertainty to the financial markets. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) came in hotter than expected, contributing to a sharp increase in long-term interest rates. The effects extended beyond mortgage rates and into the technology sector, where the NASDAQ declined 4.5% for the week while the Dow Jones Industrial Average finished higher. The divergence reflects a changing dynamic in the technology industry, particularly as companies invest heavily in artificial intelligence (AI). For much of the past two decades, many technology companies operated with relatively asset-light business models and limited dependence on debt financing. As a result, interest rate movements often had a less direct effect on their operations. That dynamic is changing. While AI has the potential to improve productivity, reduce costs, and support broader economic growth, building the infrastructure required to deliver those benefits demands substantial investment. Data centers, computing capacity, and the energy needed to power them require significant financial resources, much of which may involve borrowing. As interest rates rise, financing these projects becomes more expensive. Investors are increasingly evaluating whether the expected returns from AI infrastructure investments will justify the higher costs of building and operating that capacity. With the 10-year Treasury yield moving above 5.3% and oil prices exceeding $100 per barrel during the period, both major inputs for AI expansion, capital and energy, became more expensive. Those pressures contributed to the sell-off in technology stocks. Looking ahead, there are signs that conditions may be stabilizing. The 10-year Treasury yield had eased to approximately 5.07% by the morning of October 19, providing some relief after its recent increase. Investors are also turning their attention to corporate earnings, with approximately 70 S&P 500 companies scheduled to report results during the week. Earnings season offers an opportunity to evaluate actual business performance rather than relying solely on expectations about future growth. As companies report revenue, profitability, and forward guidance, investors will gain additional insight into how businesses are navigating higher borrowing costs and the substantial investment required to develop AI capabilities. The relationship between interest rates, energy costs, and technology investment remains an important area to monitor. While AI may deliver meaningful long-term economic benefits, the pace and cost of building the infrastructure behind it will influence how investors value the companies leading that transformation.
The Bull Market Enters Its Fifth Year
October 12 marked the fourth anniversary of the current bull market, which began in October 2022. Now entering its fifth year, the market has continued to advance despite an extended period of elevated interest rates and several periods of heightened volatility. The downturn in 2022 was driven in large part by the rapid increase in interest rates, which moved from near zero to approximately 5%. Since then, investors and businesses have had to adjust to a substantially different borrowing environment. Despite those challenges, the market has demonstrated resilience and continued to grow. The path has not been without setbacks. In April 2025, stocks approached the 20% decline commonly used to define a bear market, coming close to ending the bull market’s run. However, the market did not cross that threshold and subsequently continued its advance. Historical performance offers one perspective on what may lie ahead. Over approximately the past 70 years, there have been about seven instances in which a bull market reached its fifth year after advancing through the first four. In those historical examples, fifth-year performance averaged approximately 14%, with all but one period producing positive returns. The exception was the 1957–1961 bull market, which included a period of significant geopolitical uncertainty surrounding events such as the Cuban Missile Crisis. The current bull market’s performance over its first four years has been strong and broadly consistent with historical patterns. While these comparisons provide useful context, historical results do not guarantee future performance. Every market cycle unfolds under different economic, political, and financial conditions. As the market enters its fifth year, investors will continue to navigate interest rate movements, corporate earnings, economic data, and geopolitical developments. Historical trends can help frame expectations, but maintaining perspective and evaluating current conditions remain essential to understanding the market’s direction.

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here
Bobby Norman, CFP®, AIF®, CEPA®
Managing Director
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Chief Investment Officer
Wealth Consultant
Email Trey Booth here
Ty Miller, AIF®
Vice President
Wealth Consultant
Email Ty Miller here

Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Rates Up, NASDAQ Down first appeared on Fi Plan Partners.
5 min
October 15 Preparing for Year-End
As the end of the year approaches, a few important financial items deserve a spot on your checklist. In this week’s episode of Educational Insights, Adam Vansant and Sonja McGittigan cover IRA contributions, required minimum distributions (RMDs), charitable giving opportunities, and simple ways to organize your financial documents before tax season.
Watch to learn more.
Adam Vansant, AIF®, BFA™
Senior Vice President of Operations & Advisory Services
Wealth Consultant
Email Adam Vansant here
Sonja McGittigan
Operations Specialist
Email Sonja McGittigan here
Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Preparing for Year-End first appeared on Fi Plan Partners.
7 min
October 12 Answering Client Questions
Assessing Recession Risks and Federal Reserve Rate Increases
Are Higher Interest Rates and Oil Prices Signaling a Recession? The short answer is that a recession is not our base-case expectation at this time. Our current recession checklist suggests approximately a 25% chance of a significant economic downturn as we close out 2026 and head into 2027. We monitor eight leading economic indicators to assess potential recession risks. Currently, only two are raising concerns: single-family housing permits and consumer expectations. Single-family housing permits have remained a concern throughout much of the year, largely due to higher mortgage rates, which can make homeownership more expensive and weigh on housing demand. Consumer expectations have also declined amid higher oil prices and borrowing costs, reflecting increased pressure on household finances and confidence. The remaining six indicators are not signaling significant concerns at this time. Measures related to capital expenditures, the labor market, and financial conditions appear more solid, providing some reassurance about the economy’s underlying strength. Although economic growth could slow, the broader set of indicators does not currently point to a significant downturn as the most likely outcome. Based on our assessment, we place the probability of a significant recession-related disruption at approximately 25%. This outlook is not a guarantee that the economy will avoid a recession. Economic conditions can change, and leading indicators should continue to be monitored. However, the current data suggest that the risks remain relatively contained rather than pointing to an imminent and severe economic contraction.
How Could Federal Reserve Rate Increases Affect Stocks and Bonds?
Another frequent question concerns how the stock and bond markets have historically responded when the Federal Reserve raises interest rates. Historical market performance following rate increases offers useful perspective. Looking at returns over the 65-, 125-, and 250-day periods following Federal Reserve rate hikes, bonds have generally experienced a more negative impact than stocks. Rising interest rates can put downward pressure on existing bond prices because newly issued bonds may offer more attractive yields. Stocks, however, have not consistently produced negative returns following Federal Reserve rate increases. Historical average returns for the S&P 500 over the periods examined have actually been positive. This highlights an important distinction: Higher interest rates can create challenges for financial markets, but they do not automatically lead to declining stock prices. Certain market sectors have also historically performed well following rate increases, including energy, particularly oil, and gold. These patterns provide context for understanding how different investments may respond to changing economic and monetary conditions, although past performance does not guarantee future results. The key takeaway is that investors do not necessarily need to fear Federal Reserve rate increases. Instead, maintaining a diversified portfolio and using active management where appropriate can help manage volatility as market conditions evolve. Taken together, the current recession indicators and historical market data reinforce the importance of evaluating economic developments within a broader context rather than reacting to individual headlines. While risks remain, neither the possibility of a recession nor a Federal Reserve rate increase should automatically dictate an investor’s decisions.

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here
Bobby Norman, CFP®, AIF®, CEPA®
Managing Director
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Chief Investment Officer
Wealth Consultant
Email Trey Booth here
Ty Miller, AIF®
Vice President
Wealth Consultant
Email Ty Miller here

Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Answering Client Questions first appeared on Fi Plan Partners.
5 min
October 08 Financial Rules of Thumb
Financial rules of thumb can be helpful starting points, but they are not one-size-fits-all answers. In this week’s episode of Educational Insights, Ty Miller breaks down four common financial rules, including the Rule of 72, the 4% retirement rule, the three-to-six-month emergency fund guideline, and the 100-minus-your-age rule, exploring where they can provide useful perspective and where your individual circumstances matter more.
Watch to learn more.
Ty Miller
Vice President
Wealth Consultant
Email Ty Miller here
Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Financial Rules of Thumb first appeared on Fi Plan Partners.
6 min
October 05 Interest Rates on the Move
Higher Yields and the Economic Outlook
Treasury yields are rising amid higher oil prices and stronger expectations for economic growth. The current sell-off closely resembles the move higher in rates during the fall of 2023. While that period does not necessarily serve as a base case for today’s market, historical comparisons suggest the 10-year Treasury yield could potentially reach 5.5% or higher if the current trend continues. Yields briefly declined following a weaker-than-expected jobs report, but that move may not signal a sustained change in direction. The broader environment continues to point toward the possibility of interest rates remaining higher for longer. The key question is how those higher rates compare with the underlying strength of the economy, both in the United States and abroad.
Growth, Global Rates and the Bigger Picture
One of the important dynamics in the current environment is the separation between short-term and long-term interest rates. Economic growth is an important indicator of sustainable long-term interest rates, and the U.S. economy continues to demonstrate solid GDP growth. Real GDP growth measures the growth of the economy after accounting for inflation. When inflation is added back, the result is nominal GDP growth. If nominal economic growth is faster than the cost of borrowing, an economy can effectively grow its way out of its debt burden. The greater concern arises when interest rates begin to exceed nominal GDP growth. Currently, 10-year Treasury yields are just above 5%, which remains below the pace of nominal GDP growth expected in the most recent quarter. That makes higher rates less concerning for the United States than they are for some international economies. The recent jobs report provides another example of the difference between short- and long-term rates. The weaker-than-expected employment data caused expectations for a Federal Reserve rate hike in October to fall sharply, from roughly an 80% probability to about 20%. Short-term rates responded by moving lower, but long-term rates did not follow to the same degree. Economic growth is one reason. Global interest rates are another. Higher rates are becoming a broader international issue, particularly in Europe, where countries face slower economic growth and different fiscal constraints. Interest rates in countries such as France, Germany and Italy have moved considerably higher over the past year. The structure of the euro also creates an additional challenge. Unlike the United States, individual eurozone countries do not control the currency in which their debt is issued. The U.S. issues debt in dollars, the same currency controlled by the U.S. government. France, Italy and Germany issue debt in euros, but the euro is managed at the broader eurozone level. That difference can leave individual European countries more vulnerable when interest rates rise sharply because they do not have the same ability to respond through monetary policy or currency issuance. These international developments are important for U.S. investors to monitor. Higher rates overseas can create a floor for U.S. long-term yields because investors can compare the relative return available in different markets and currencies. Even if U.S. growth remains strong or long-term rates begin to decline, developments abroad could limit how far U.S. yields fall. Much of the discussion around interest rates has focused on the U.S. deficit, Treasury issuance and the supply of government bonds. Those are important considerations, but the global rate environment cannot be overlooked. Rising rates and slower growth overseas could become an increasingly important factor for U.S. markets and may provide an early signal of broader financial stress. Periods of uncertainty and volatility can also create investment opportunities. For that reason, global interest rates and developments in international markets remain areas to watch closely.

Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here
Bobby Norman, CFP®, AIF®, CEPA®
Managing Director
Wealth Consultant
Email Bobby Norman here
Trey Booth, CFA®, AIF®
Chief Investment Officer
Wealth Consultant
Email Trey Booth here
Ty Miller, AIF®
Vice President
Wealth Consultant
Email Ty Miller here

Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Interest Rates on the Move first appeared on Fi Plan Partners.
5 min
October 01 Funnels of Retirement Income
Retirement income can come from several different sources, each with its own tax considerations and role in a retirement strategy. In this week’s episode of Educational Insights, Mark Hume walks through seven potential sources of retirement income, from non-retirement and Roth assets to Social Security, pensions, and deferred compensation. Understanding how these pieces fit together can provide valuable context when planning for a sustainable retirement income strategy.
Watch to learn more.
Mark Hume, CFP®
Senior Vice President
Wealth Consultant
Email Mark Hume here
Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing.
The opinions voiced in this recording are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
The post Funnels of Retirement Income first appeared on Fi Plan Partners.
4 min

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