Inflation – like a tiresome house guest, has decided to stick around awhile
On Wednesday August 24th, 2022, President Biden announced the Student Loan Debt Relief Plan, which was proposed during his campaign. Details of the plan are still being finalized, but the main piece is the forgiveness of some student loan debt. Although this may not affect you directly, it could pertain to your child or grandchild.
The Inflation Reduction Act of 2022 was recently signed into law. There are many parts of the new law, including prescription drug reform, tax reform, and increased funding for the Internal Revenue Service. The law also represents the largest investment into addressing climate change in United States history.
The old Wall Street adage is that the time to invest is when you have money to put to work. Over the long-term it is time in the market rather than trying to time the market that really matters. But what about now? Lately, several clients have reached out to us with money to invest, but worried about doing so when the markets have been so volatile.
Inflation is when you pay fifteen dollars for a ten-dollar haircut you used to get for five dollars when you had hair – Sam Ewing
Inflation Protection Bonds
Earn 9.62 percent through October and protect against high future inflation
RJ’s youngest daughter, Aster, is a senior in high school and has been enjoying the personal finance class she is currently taking. In addition to the stock market game, where students research and select three stocks to follow over the course of the semester, the students also learn about investment basics. During dinner, the Devick family was talking about the recent bout of
April 12, 2022
In March, U.S. inflation rose 8.5% year over year and 1.2% from February. Half of the month over month gain was due to gasoline prices, which have fallen in recent weeks most likely due to the Biden administrations release of oil reserves (the largest in history) and the lockdown in Shanghai over the surge in Covid-19 cases.
Our 2022 Outlook Then & Now