Retirement

An eventual extension to 75 as the age by which retirees must withdraw required minimum distributions (RMDs) from requirement accounts and automatic enrollment of workers in employer plans are among the many ways a bill that has passed the House would expand coverage and use of tax-favored retirement savings.

It’s believed that retirement planning as we currently know it didn’t really exist until a few decades ago. Up to that point, people worked until 65 and then sailed into retirement on a pension plan.

The Federal Reserve is closely monitoring the inflation situation. We think next week’s respective data on consumer and producer prices may be a watershed moment for the central bank because if those readings continue to show very large gains, it may force the Fed to act more aggressively on the monetary policy front.

Washington is critical in the mind of Wall Street these days. First, it was haggling over a $1.2 trillion infrastructure bill. That legislation finally was signed by President Biden on November 15th. Now, negotiations are under way to secure the second part of the Administration program—the so-called Build Back Better Act.

The Federal Reserve is shifting gears, with its evolving stance headlined by an early November decision to start reducing asset purchases.

This IRS issued Notice 2021-61 Thursday updating for 2022 dollar-amount ceilings and thresholds for a wide range of qualified retirement plans and accounts, including traditional individual retirement arrangements (IRAs) and Roth IRAs.

Another earnings season has come and gone, and this one has been stellar, with 82% of the S&P 500 companies beating expectations. Overall, profits climbed by more than 30% in the third quarter. Not surprisingly, the stock market continues to set records, with solid results boosting investor confidence.

Wall Street is back to setting records. This renewed strength came after a stellar profit performance in the third quarter, in which a range of financial and industrial concerns showed notable improvement. In all, 84% of the S&P 500 companies had positive earnings surprises in the period.

When thinking about our physical health, it’s common for people to take a holistic approach—that is, we think about ways we can practice being healthy overall, like eating a balanced diet and getting an adequate amount of exercise. Keeping our bodies healthy means improving our quality of life.

Inflation is heating up, with the Consumer and Producer Price Indexes surging by 0.6% and 0.8%, respectively, in May. Worse still, prices were up 5.0% and 6.6% in the latest 12 months, the former of which was the biggest uptick since August 2008, when the U.S. economy was in free fall. In all, inflation has been trending higher since January.