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How can I try to manage the impact of an interest rate hike?

With higher interest rates a distinct possibility in 2015, you may want to think about whether the bond portion of your portfolio is positioned appropriately given your time horizon and risk tolerance. One factor you might consider is which types of bonds may be most vulnerable to a rate hike.

Some investors forget that a bond's principal value may fluctuate with market conditions. When interest rates rise, longer-term bonds may feel a greater impact than those with shorter maturities. When interest rates are rising, bond buyers may be reluctant to tie up their money for longer periods if they anticipate higher yields in the future. The longer a bond's term, the greater the risk that its yield may eventually be superseded by that of newer bonds.

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Annual No Frills Buffalo Golf Tournament to Benefit Hospice Foundation

Annual No Frills Buffalo Golf Tournament to Benefit Hospice Foundation

 

No Frills Buffalo publishing company’s seventh annual golf outing to benefit the Hospice Foundation will take place on Friday, July 10, at Chestnut Hill Country Club, 1330 Broadway, Darien Center.

Individual golfers, foursomes and sponsors are still being sought for the annual “Come Get Some” golf tournament. Registration and lunch begin at 12:30 p.m., followed by a 1:30 p.m. shotgun start.

Should I be worried about a Federal Reserve interest rate hike?

After years of record-low interest rates, at some point this year the Federal Reserve is expected to begin raising its target federal funds interest rate (the rate at which banks lend to one another funds they've deposited at the Fed). Because bond prices typically fall when interest rates rise, any rate hike is likely to affect the value of bond investments.

However, higher rates aren't all bad news. For those who have been diligent about saving and/or have kept a substantial portion of their portfolios in cash alternatives, higher rates could be a boon. For example, higher rates could mean that savings accounts and CDs are likely to do better at providing income than they have in recent years.

Elmwood-Bidwell Farmers Market to Kick Off 17th Season on Saturday, May 9

Elmwood-Bidwell Farmers Market to Kick Off 17th Season on Saturday, May 9

 

An enhanced EBT program, three new vendors, talented local entertainers and two Wellness Weekends will highlight the 2015 season at the Elmwood-Bidwell Farmers Market. The selling season kicks off on Saturday, May 9, and runs through Saturday, Nov. 28. Hours at the open-air venue in Buffalo’s historic Elmwood Village are 8 a.m. to 1 p.m., rain or shine. 

A program of the Elmwood Village Association, the market features more than 40 vendors selling fruits, vegetables, baked goods, organics, fresh meat, cut flowers, wine, craft beer, eggs, dairy, honey, cheese and much more. Products available at the market are always fresh, seasonal and local. New vendors in 2015 include K&B Farm, Kindred Kreek and Niagara Distilling Company.

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Caregivers Workshop Set for May 29 at Amherst Senior Center

Caregivers Workshop Set for May 29 at Amherst Senior Center

For anyone in the caregivers role, this workshop is for you. Join us on Friday, May 29th from 9:00 AM - 12:00 Noon for helpful information on various aspects of caregiving. Workshop is free & will include excellent speakers. Reservations are required by calling 636-3055 ext. 3108.
Co-sponsored by Clover Communities & Hospice Buffalo.

Narcan training session to be held in Amherst


BUFFALO, N.Y. - As Western New York continues to deal with a heroin epidemic, two local health care agencies will host a free narcan training session on Tuesday.

Narcan is an opiate antidote and can reverse the effects of a heroin overdose.

Tuesday's session will be held at the Harlem Road Community Center in Amherst at 6:15 p.m. There are still some open spots so if you'd like to attend you can register by calling (716) 983-2258 or you can send an email to the organizer: monicafarrar@resourcetraining.org

Local adoption agency involved in Supreme Court ruling


When the Supreme Court begins oral arguments on Tuesday in a monumental argument over same-sex marriage, a Western New York adoption agency will find itself in the middle of the decision.

Beginning this week, the country's highest court will consider two questions: 1) Does the Constitution allow states to explicitly ban same-sex marriage, or is this type of marriage protected? and 2) Does the Constitution require states with same-sex marriage bans to at least recognize legal marriages in other states?

This second question is where Western New York comes into play.