Consumer prices rose 0.4 percent in December, with the Consumer Price Index up 2.9 percent from a year earlier, driven by food prices. Core inflation slowed slightly to 3.2 percent, but overall progress has stalled, leading to concerns at the Federal Reserve and a likelihood of interest rates remaining steady in the near future.
Full Article
Taking Your Required Minimum Distribution (RMD) Right Now Could be a Brilliant Move for Retirees
Investing in retirement accounts like IRAs and 401(k)s offers tax advantages, as contributions are tax-deductible and earnings are tax-deferred until withdrawal. However, starting at age 73, individuals must take required minimum distributions (RMDs), which can create a tax burden if reinvested improperly. Taking RMDs during market downturns can be beneficial, as it allows investors to withdraw more shares, reinvest them in taxable accounts for potentially lower capital gains taxes, and reduce future RMDs. Full Article
Read more