Inflation

Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago

Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday. The producer price index accelerated 0.7% for the month, above the 0.6% Dow Jones estimate.

Interesting Strategy

Are Gifts to Children Tax-Deductible? Introducing CLATs

I am often asked if someone can take an income tax deduction for money they gift to their children. Unfor­tu­nately, gifts to individuals are not tax deductible: tax deduc­tions can only be taken for gifts to organi­za­tions on the IRS list of approved charities.

Surprise, Surprise…

Social Security won’t be able to pay full benefits by 2034

Social Security will have to cut benefits by 2034 if Congress does nothing to address the program’s long-term funding shortfall, according to an annual report released Tuesday by the Social Security and Medicare trustees.

A Recent Opinion…

The Baby Boomer Bond Dilemma

U.S. Treasuries have been the bonds of choice for safe retirement income. But they could deliver no real return for the next decade. Today’s record low bond yields could not come at a worse time for many baby boomers. Owning U.S.

Inflation Projections Revised

White House More Than Doubles Its Inflation Forecast in New Update

WASHINGTON-The White House more than doubled its forecast for annual inflation in new projections released Friday, as supply chain disruptions stemming from the Covid-19 pandemic continue to put upward pressure on prices. The Office of Management and Budget said it expects consumer prices will rise 4.8% in the fourth quarter from a year earlier, up sharply from the 2% rise that the Biden administration forecast in May.

Long Term Care, Senior Services, and Eldercare Resources – National Care Planning Council

Long Term Care, Senior Services, and Eldercare Resources – National Care Planning Council

This section, called the Guide to Long Term Care Planning, contains books, articles, and free non-commercial resources which will help you with your long term care planning needs. Below are 34 in-depth chapters, totaling over 690 printable pages, covering all areas of long-term care planning, or as it’s more commonly called, elder care planning.

Cash value life insurance makes Harbaugh college football’s top-paid coach

Cash value life insurance makes Harbaugh college football’s top-paid coach | ThinkAdvisor

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Retirement on the other side of the demographic cliff

Retirement on the other side of the demographic cliff

Retirement may not look the same for much longer. The world is headed for a demographic cliff. Thanks to slowing birthrates, increasing longevity and a large Baby Boomer population, much of the industrialized world is rapidly aging.