Changing interest rates affect everyone

By Mike Switzer

Published September 19, 2023 at 6:30 AM EDT

Interest rates are on a lot of people’s minds these days as they continue to inch higher. So, we are going to check in with one of our resident financial advisors to see what his advice is for individuals and companies that may need some portfolio rebalancing or loan reshuffling. Mike Switzer interviews Jared Crawford, a certified financial planner in North Myrtle Beach, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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