A 6.1% Bump in Social Security?

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...

The Expanded Child Tax Credit

The federal government has upgraded its Child Tax Credit (CTC). Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service is paying many families who qualify for the CTC 50% of...

Economic Lessons from Used-Car Inflation

Various factors drive used car prices  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 Cryptocurrency Conundrum

It’s more important than ever to be aware of your risk tolerance   Recently, you may have seen a number of major cryptocurrencies fall thanks to a continuing sell-off that began last week. In fact, over $250 billion was lost in the crypto market alone.1 It may be...

A COLA with Your Social Security?

Preliminary estimates call for a 4.7% cost-of-living increase1   If there is a “silver lining” to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022. Preliminary estimates call for a...

The Whims of Wall Street

 What to know about shifting market attention, and investor burnout It can be exhausting trying to keep up with the whims of Wall Street. Lately, the financial markets have been fixated on federal taxes and what may be proposed on Capitol Hill in the weeks and months...