Inflation
2023 Social Security Cost-Of-Living Increase Highest In 40 Years
Submitted by Desmond Wealth Management, Inc. on October 30th, 2022The Social Security Administration recently announced that Social Security beneficiaries will get an 8.7% increase in their benefits in 2023. Thanks to the current high inflation, this is the highest increase in 40 years and the second year in a row that there’s been a substantial increase, 5.9% in 2022 and now 8.7% for 2023.
Earn 9.62 Percent Tax-Deferred Interest with Series I Bonds
Submitted by Desmond Wealth Management, Inc. on September 21st, 2022Inflation is seldom a good thing, but when it comes to investing, the U.S. Treasury Department has an inflation opportunity that’s downright amazing. You can buy bonds that pay 9.62 percent interest — tax-deferred — with no downside risk, and with no state or local income taxes when you cash them in.
Back to the Investment Basics Part 1: Remembering Summers Past
Submitted by Desmond Wealth Management, Inc. on September 6th, 2022QUARTERLY MARKET REVIEW - Q2 2022
Submitted by Desmond Wealth Management, Inc. on July 7th, 2022Interest Rates, Inflation, and Investment Strategy Part 3: Investing in Uncertain Times
Submitted by Desmond Wealth Management, Inc. on May 24th, 2022After taking a closer look at interest rates in part 1 and inflation in part 2, we come to the heart of the matter:
Investing in I Bonds: Making Lemonade Out of Inflationary Lemons
Submitted by Desmond Wealth Management, Inc. on May 11th, 2022Interest Rates, Inflation, and Investment Strategy Part 2: Understanding Inflation
Submitted by Desmond Wealth Management, Inc. on May 4th, 2022Has rising inflation got you down? In our last piece, “Understanding Interest Rates” we explored how rising and falling interest rates can impact a healthy economy. Today, let’s add inflation to the conversation.
Interest Rates, Inflation, and Investment Strategy Part 1: Understanding Interest Rates
Submitted by Desmond Wealth Management, Inc. on April 22nd, 2022At its March 15–16 Federal Open Market Committee (FOMC) meeting, the U.S. Federal Reserve raised its federal target funds rate by a quarter point. It was the first increase since December 2018, but it wasn’t a huge surprise. Fed Chair Jerome Powell had already said we should expect as much, with the potential for additional hikes before year-end.