While much hand wringing and media attention has been focused on the negative aspects of the current bout of high inflation (much of it rightfully so), from a spirit of optimism, we’d like to take a few moments to focus on the positive aspects of higher inflation. Yes, from an economic and individual taxpayer perspective, there are a several benefits of increased inflation. Here are a few silver linings of higher inflation.
Many of us have heard that Health Savings Accounts (HSA) are excellent vehicles to pay for healthcare costs. In fact, according to research compiled by Devenir, as of June 30, 2022, there were about 28 million HSA accounts. Additionally, total funds in HSAs grew to $98 billion at year-end 2021 from $45 billion in 2017. Clearly, the word’s gotten out about the benefits of HSAs. However, questions remain about the nuts and bolts of using these accounts and how individuals and families can maximize their benefits. This article reviews the most prominent features of HSAs while exploring some of their lesser-known benefits.
Cybersecurity Awareness Month – observed every October – was created as a collaborative effort between government and business to ensure every American has the resources they need to stay safer and more secure online. As part of this annual campaign, we want to share tips and best practices to ensure you’re doing everything possible to secure your personally identifiable information online. Read more
As of August 16th, President Joe Biden signed into law the Inflation Reduction Act (IRA) of 2022. This legislation is the culmination of months of negotiations between congressional democrats. The IRA is the largest-ever investment to tackle climate change, with roughly $370 billion dedicated to curbing harmful emissions and promoting green technology.
As summer comes to an end, many teenagers are flush with cash from summer jobs. If your teenager is in this situation and you’d like to use this opportunity to teach them the magic of compound interest, consider opening a Roth IRA for them.
After an abnormally calm 2021, which saw stock markets reach all-time highs, the major stock indices are sharply lower in 2022. Volatility has returned to the market as concerns over interest-rate tightening, inflation, supply shocks, economic growth, and geopolitical events have dampened last year’s market exuberance. Read more
Our lives have been seriously disrupted over the past two years. Lockdowns, vaccines and face masks have altered life as we knew it. Human beings are resilient, and we’ve adapted to our new reality, but many of us long to resume certain activities such as travel, that were not feasible for much of the past two years. Read more
April is Financial Literacy Month. As financial planners, we are passionate about helping clients, their children, and others in our community increase their financial literacy skills. Given that May 1st is also Decision Day for college acceptances, we thought it’d be timely to share our thoughts on how families might discuss the cost of college with their children. Read more
After a relatively tranquil and upwardly moving 2021 in the stock market, 2022 is off to a rocky start, further exacerbated by Russia’s historic invasion of Ukraine, which started the worst land war in Europe since World War II. Read more
After seeing markets close at or near an all-time high in late 2021, 2022 is off to a rough start. Interest rates are set to rise, inflation has been more persistent than initially forecast, Omicron put a damper on the holiday season, new geopolitical risks are looming, and Washington’s Covid stimulus measures appear to be drying up. Read more