Two Decades of Inflation

After being largely dormant for the last decade, inflation roared back in 2021 due to various factors related to the pandemic and economic recovery. For perspective, it may be helpful to look at inflation over a longer period of time. During the 20-year period ending September 2021, the Consumer Price Index for All Urban Consumers (CPI-U), often called headline inflation, rose a total of 53.8%. While the prices of some items tracked the broad index, others increased or decreased at much different rates.

Source: U.S. Bureau of Labor Statistics, 2021 (data through September 2021)

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There’s Still Time to Contribute to an IRA for 2021

Even though tax filing season is well under way, there’s still time to make a regular IRA contribution for 2021. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2021 ($7,000 if you were age 50 or older on or before December 31, 2021). For most taxpayers, the contribution deadline for 2021 is Monday, April 18, 2022. 

You can contribute to a traditional IRA, a Roth IRA, or both, as long as your total contributions don’t exceed the annual limit (or, if less, 100% of your earned income). You may also be able to contribute to an IRA for your spouse for 2021, even if your spouse didn’t have any 2021 income. 

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IPI Market Update for the week of March 11th, 2022

Last week was pretty schizophrenic, where a highly volatile equity market churned alongside a surge higher in interest rates, a strong USD, and
weaker commodity markets (with the exception of spot nickel +44%). For the week, U.S. equity markets were down nearly 3% while developed
international markets, particularly Europe (+4.5%), held up better. U.S. Treasuries took a notable step down as interest rates moved sharply
higher across the curve while broad based weakness across the commodity spectrum was paired with a strong USD.  Click the link below to read more.

TKA 3.14.22