*Please see footnote below for a CORRECTION to last week’s edition, TGIF 2 Minutes – Tax & 401k Infor for ALL Ages. Thank you to my astute readers!
On to this week’s edition:
So far, 2023 has been a decent year, even slightly better than decent, for the stock market and the short-term end of the bond market (total return).
When times are mostly good it becomes easier to feel comfortable spending more money or making major purchases. BUT –
- as we are still in a fairly dire inflationary environment,
- with longer-term consumer price effects still to be seen (up or down, but most likely UP)
- and following over 12 months of Federal Reserve interest rate increases,
currently it makes sense to thoroughly think through – and take more time (perhaps a couple of years) – making major spending decisions.