Last week the news reported that the IRS announced the tax schedules for 2023 and some reports stated, “Some will be able to keep more money.” I think you’ve got this: this last statement isn’t true. Accurate inflation adjustment of the tax tables mean that

We can’t control what happens to stock and bond markets. We had no control in 2020 and 2021 when US stocks soared +20% each year, and we have no control over the 25% decline this year. But when the market declines we have the urge

New data on inflation came out yesterday, and the US stocks jumped about +2.5%. I have no idea why, but I’ll take it: last month stocks dropped about 4% on what looks like very similar news to me. This post summarizes the inflation data: 1)

As you can see from the map, Patti and I traveled extensively (the red dots) in France: Bordeaux and the Dordogne Valley. We don’t cover much territory, but I really like visiting a place and covering it by walking.

Unless there is a dramatic change in prices for stocks and bonds, I will not be happy the first week of December when I sell securities for our spending for 2023. For the past eight years, I sold securities that week for the total that

In most years, I mostly or solely sell stocks in December for our spending in the upcoming year. That’s because stock returns have been greater than bond returns in all but one of the last seven years since the start of our retirement plan. Last

The headline from the BLS press release on Tuesday said inflation was +0.10% in August. That’s an annual rate of 1.2%, and the stock market immediately fell by over 4%. This confused me. What gives? What gives is differences in the broadly used measure of

Patti and I got back from our two-week trip to England last Thursday. We walked a portion of the Norfolk Coast Path, which is northeast of London. I picked this national trail since it was easier than our other trips: I judged this was

My friend Jay sent me a clip from his Kiplinger letter that suggests you take your RMD early in the year. This is not a correct strategy. This post argues that your should take your RMD, if you can, all at the end of the

I wrote a prior post on inflation, but I think the two graphs I have in this post more clearly display how monthly inflation affects annual inflation.

== Each month replaces a prior month ==

The annual change in inflation is the