In the last days of 2022, Congress passed something called the Consolidated Appropriations Act of 2023, which authorizes roughly a year of federal spending ($1.7 trillion worth), and also included the SECURE Act 2.0, which has a number of provisions I think many will appreciate, or at minimum find interesting. Below is a list of the highlights.
Stocks are taking a terrible beating these days. From the way the market is behaving, one might think some of the world’s largest and most profitable companies are suddenly becoming dramatically less valuable. Are they all laying off workers, slashing prices, closing factories, and declaring bankruptcy?
There is nothing pleasant about a bear market—not the anxieties they cause, not the paper losses, not the relentless drip, drip, drip of reports in the media about this or that daily downturn. The gut instinct is to stem the losses by selling before the market goes down further, but locking in losses after the fact has, historically, almost always been the wrong move.
The “money illusion” refers to how we view our buying power today versus in the future. Are you falling victim to this potentially dangerous ideology?
Strong personal finances are vital to our health and well-being. Financial planning can give us control over our finances and can impact our life decisions, which ultimately affects our lifestyle. When we make better financial decisions, we create a fulfilling, more thoughtful and sustainable lifestyle.