Should You Be Concerned About Inflation?

The next few months may indicate whether inflation is slowing down or changes in monetary policy are necessary. If you pay attention to financial news, you are probably seeing a lot of discussion about inflation, which has reared its head in the U.S. economy after being mostly dormant for the last decade. In May 2021, […]

Infrastructure & Taxes

Are you tired of hearing about taxes? Me too. But here we are. Let’s dive in. So, we’ve got dueling infrastructure bills, plus a big proposed budget with lots of spending (and higher taxes inside). That’s a lot of expensive legislation on the table. What’s going to happen next? The Democrats and Republicans seem pretty […]

Forecasting Surprises

What happens when the predictions are wrong?Is it time to panic?Is it time to ditch our strategy?It’s a fascinating question because it cuts right down to the question of what it means to live in an uncertain world.Humans are wired to dislike uncertainty.1And we’re used to a fair amount of (often unwarranted) certainty in the […]

Shortages and Bottlenecks Expose Weak Links in U.S. Supply Chains

Some supply constraints may ease in the coming months, but other problems could take longer to resolve. U.S. consumers won’t soon forget the troubling shortages of personal protective equipment during the early days of the pandemic, or when the first stay-at-home orders spurred panic buying and stress-inducing shortages of toilet paper, cleaning products, and food. […]

Crisis Averted? Financial Help for Struggling Renters and Landlords

If you are a landlord, you might reach out to tenants who are behind on rent and encourage them to explore any potential opportunities for financial assistance. By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four […]

Retirement Confidence Remains Strong, Despite Pandemic

Workers who said that they or their spouse participate in a retirement plan were much more likely to have calculated a retirement savings goal than those who do not participate in one. Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement. In its […]

American Families Plan Would Provide Benefits for Some, More Taxes for Others

The American Families Plan includes $1.8 trillion in proposed investments and tax credits for American families and children over a period of 10 years, as well as tax increases for those who earn more than $400,000 annually. On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), […]

Rising Inflation: Where Will It Go from Here?

Though all economists expect inflation numbers to rise in the near term, there are different views on the potential long-term effects. In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012. Over the previous 12 months, the increase was 2.6%, the highest year-over-year inflation […]

Enhanced Child Tax Credit for 2021

Recent legislation made substantial, temporary improvements to the child tax credit for 2021 that may increase the amount you might receive. If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents […]

How Much Annual Income Can Your Retirement Portfolio Provide?

More ways to help stretch your savings Don’t overspend early in your retirement Plan IRA distributions so you can preserve tax-deferred growth as long as possible Postpone taking Social Security benefits to increase payments Adjust your asset allocation Adjust your annual budget during years when returns are low Tax considerations Prolonging your savings may require […]