Financially, many Middle-Class Millionaires associate the spring with taxes – but we should also associate December with important Individual Retirement Account (IRA) deadlines. This year, like 2022, will see a few changes and distinctions. December 31, 2023, is the deadline to take your Required Minimum Distribution (RMD) from certain IRAs. April 18, 2023, is the … Continue reading “IRA Deadlines Are Approaching”
IRA Deadlines Are Approaching
December 5th, 2022
Inverted Yield Curve: Recession Coming?
A combined measure of 10-year government bond yields from a basket of major economies has fallen below a similar basket of 1-3 year government bonds—in other words, you can get a (slightly) higher coupon payment if you go short than if you make a longer-term bond investment. That, of course, is the definition of an … Continue reading “Inverted Yield Curve: Recession Coming?”
Is Inflation Peaking?
One lesser-known indicator is called the Baltic Dry Index. We know our middle-class millionaire clients see it in prices at the grocery store and the gas station and feel it in their monthly budget. So why don’t the financial markets seem too concerned about inflation? Remember, financial markets are considered “discounting mechanisms,” meaning they are … Continue reading “Is Inflation Peaking?”
