There is a growing concern among some investors that the debt ceiling limit (controlled by Congress) and the spending plan (controlled by the President) will collide this summer. The history of federal government budgets, spending, debt ceiling limits, and shutdowns shows that these issues are complex and interrelated. They also reflect the political and economic challenges that the country faces at different times.
Given the recent headlines around bank failures, now is an excellent time to revisit how your money is protected.
How do you want to be remembered? This is a question that some people consider early in their lives. For others, it’s a thought that never crosses their mind. Some may want their alma mater’s library named after them, or to provide a comfortable life for those they leave behind in the form of seed money for their children to hopefully be successful. Others want to spend their last dime and slide across home plate and into eternity with nothing left over.
Social Security payments receive an inflation adjustment every year based on the Consumer Price Index (CPI). If inflation continues at current levels over the next 2 months, Social Security recipients will see their monthly check amounts increase by about 9.6% in 2023.
Some important updates to be aware of if you are shopping for a home and intend to take out a mortgage.
“Risk: We don’t know what is going to happen next, but we do know the data set from which the outcome derives. Uncertainty: We don’t know what is going to happen next, and we do not know what the data set or possible distributions looks like.”~ Frank Knight