A 6.1% Bump in Social Security?
COLA and Social Security. Provided by Marc Aarons The news keeps getting better for Social Security recipients. It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2 It’s all about inflation. Social Security cost of living adjustments […]
Economic Lessons from Used-Car Inflation
Various factors drive used car prices. Provided by Marc Aarons Inflation is defined as the general upward price movement of goods and services in an economy. The key word is “general.” Inflation tends to be uneven and affects the price of some items more than others. If you’ve been in the market for a used […]
The Fed Acknowledges Inflation
As inflation climbs, the Fed reacts. Provided by Marc Aarons At its June meeting, the Federal Reserve confirmed what many of us have suspected for some time: prices are rising. In fact, prices are climbing faster than many expected. In response, the Fed raised its inflation expectation to 3.4%, up from its March projection of […]
Inflation Can Be a Scary Word
There are compelling reasons to adopt a wait-and-see approach. Provided by Marc Aarons Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.” The most recent reading on consumer prices put inflation back into the conversation. The Consumer Price Index […]
Investing During Periods of Inflation
What does inflation mean for your investments? Provided by Marc Aarons In August of 2020, the Fed announced that it is willing to allow inflation to run higher than normal in order to support the labor market and broader economy. This major policy shift allows inflation to run above the Fed’s 2% goal for some […]
Quarterly Economic Update
In this Q1 recap: the Federal Reserve alters its outlook, the truce in the trade dispute holds, the real estate market strengthens, and stocks make an impressive comeback from Q4, even as growth concerns mount. A review of Q1 2019, Presented by Marc Aarons at Money Managers, Inc THE QUARTER IN BRIEF The strongest first […]
Less SALT for Taxpayers to Subtract
Less SALT for Taxpayers to Subtract What does the new federal cap on state and local tax deductions mean for you? Provided by Marc Aarons @ Money Managers, Inc. Have you routinely itemized your federal tax deductions? In 2018, you may decide to take the standard deduction instead. One possible reason: the new limit on […]