Before tossing your 2022 tax return in your files, take a look at some key lines and engage in tax planning for 2023.
It looks like the May flowers came early in the developed equity markets.
Social Security and Medicare are important programs providing income and health coverage during retirement. Yes the programs will be around when you retire, but benefits may be reduced. Here is a financial overview of these programs in a Q&A format.
The 2023 rally was interrupted by the banking issues coming to a head on March 10th. Markets calmed down by the end of the month though early April showers are upon us.
Banks are in the news. Here is a summary of the recent events and why this differs from 2008.
In January, all major asset classes were up except commodities. In February, the opposite occurred – except commodities were still down. The bond market believes the Fed again!
Last month I summarized 25 key provisions for both individuals and businesses. This time I dig a little deeper on five provisions that apply to – or piqued the interest of - many individuals and are worth repeating.
The January effect was in full swing, along with the bond market pushing against the Fed.
Changes are coming to your retirement accounts (watch effective dates). A few examples: RMD delayed to age 73, 401k emergency fund, excess 529 funds for Roth IRA, extra catch-up for age 60-63, Roth in SIMPLE and SEP… and a larger QLAC if want to nerd out with me.
There was a major reversal in US equities from November to December, falling like the temperatures in the Midwest.
Here is my traditional Holiday post. The energy and excitement of youth is especially noticeable this time of year. Soak it in – but also remember to recognize and encourage this energy year-round… but without “measuring you by the yardstick of my own years.”
Was there anything down in November? Yes – rates and the US Dollar… and flying turkeys (WKRP anyone?)