That pitter-patter noise you’re hearing these days is nearly all of Wall Street’s economists and strategists back-pedaling on their earlier predictions of an imminent recession. It appears – at least for now – that the Federal Reserve has been able to bring inflation under control by sharply increasing interest rates without creating an economic disaster. What remains to be seen, of course, is how long policymakers will keep rates at these levels and what impact that might have.
Note: Wealth and Wisdom will not be published next week. You should receive your next issue the week of September 25.
The IRS is offering some valuable tips on replacing financial records lost or destroyed during natural disasters. (Reading time: 2 minutes)
It turns out the world is getting wealthier all the time – and economic inequality is actually falling around the world. (Reading time: 2 minutes)
U.S. companies are still increasing their dividends overall – but the rate of growth has declined for six straight quarters. (Reading time: 3 minutes)
That’s how much Americans say they’ll need to afford a comfortable retirement. But most retirees earn far less. (Reading time: 3 minutes)
Before you stop working, make sure you know everything the IRS has in store for you in retirement. (Reading time: 5 minutes)
Withdrawing from your nest egg in retirement is often a taxable event. Here are some strategies for softening the blow. (Reading time: 5 minutes)
Student loan payments are surging now that the government has resumed charging interest on them. (Reading time: 3 minutes)
Here are 10 financial lessons to share with children – from age 5 through adulthood. (Reading time: 7 minutes)
A “budget” tells you what you can’t afford. A “spending plan” tells you what you can. (Reading time: 3 minutes)
Legacy planning isn’t just about what happens when you die – and it’s not all about money. Watch our recent webinar to see what I mean. (Recording time: 42 minutes)
Words to the Wise
“If you’re born poor, it’s not your mistake. But if you die poor, it isyour mistake.”
– Bill Gates
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