When it comes to making a big impact, it is rare when one change makes all the difference. Usually it’s the small incremental adjustments that eventually culminate in the end result. This is certainly true when it comes to many aspects of wealth and health.

For example, it is common for financial professionals to recommend their clients use strategies like dollar cost averaging to accumulate wealth. The idea is manageable yet consistent contributions to the right savings vehicles will eventually become substantial. It’s remarkable how powerful this strategy can be and how frequently it can lead to positive results.

Within the context of health, if someone is trying to manage their weight it would be crazy to assume that one or two days of work would lead to big changes. Instead, most would agree the right approach involves small changes made on a consistent basis over time. It doesn’t always happen as quickly as we may like but incrementalism is almost always the most surefire way to make a big difference.

Which brings us to the topic of interest rates …

The Federal Reserve has telegraphed most of its moves in recent years, and the latest decision to increase the benchmark rate came as no surprise. There have been small but consistent adjustments for a while now. These small adjustments the Fed has mandated may not seem like that big of a deal. In fact, many would argue they are designed to make as few waves as possible.

However, there is a lot to consider regarding the interest rate environment we are in today. These small 25 basis point adjustments should be considered within the complete financial picture for every client because, over the long term, some clients could feel the impact in one way or another. The downloadable white paper helps identify a few key concepts that may be worth exploring with clients as financial professionals navigate risks and opportunities during this period of incremental interest rate increases.

Transamerica Resources, Inc. is an Aegon company and is affiliated with various companies which include, but are not limited to, insurance companies and broker dealers. Transamerica Resources, Inc. does not offer insurance products or securities. The information provided is for educational purposes only and should not be construed as insurance, securities, ERISA, tax, legal or financial advice or guidance. Please consult your personal independent advisors for answers to your specific questions.