I was hoping that January 2025 inflation would be low and replace a high inflation month of January 2024: this obviously was not the case. The most-widely reported measure, seasonally-adjusted inflation, increased nearly 0.5% in January; that’s about a 6% annual rate; it was the
My niece and her husband will be the perfect candidates to delay starting Social Security (SS) until age 70 – gaining 8% real increase in benefits for each year that they delay: they will have a MOUNTAIN of traditional IRA at age 65 that will
• The first graph shows the cumulative real return for stocks and bonds since January 1, 1926 – the last 99 years. Stocks have averaged ~7.1% real return per year; stocks double in real spending power
I logged into TurboTax, and it gave me the target of 1½ hours to complete our Federal tax return. This will be my third year with TurboTax, and I don’t think I’ve met the time targets before. I’m determined to hit that target this year.
The market seemed to like inflation report issued Wednesday. Core inflation – the measure closest to the one the Fed prefers (PCE less food and energy) that gets updated at the end of this month – was lower than the previous four months. The last