(Posted February 2023) The Secure Act 2.0 has some noteworthy provisions related to rules changes for 401(k) and other Retirements Accounts. It may be noted that this law was passed towards the tail end of earlier 116th Congress, and many of the affected entities and institutions are still unpacking all the provisions in the Act. Several of the Act’s provisions came into effective immediately, after President Biden signed into law this SECURE 2.0 Act of 2022 as part of the Consolidated Appropriations Act, 2023, on December 29, 2022. Based on what we have seen in the provisions of this Act, Congress
Day: March 17, 2023
Winter Weather Energy Saving Tips
(Posted Jan 2023) With Energy Costs up significantly this year over the previous years due to inflation and other factors, we may need to find ways to reduce Energy Consumption to keep our overall Energy Expenditure from our personal budget close to last year’s levels. In this connection, we have provided some tips to help with this overall objective: Adjust Your Temperature: A programmable thermostat can make it easy to keep your house at the recommended setting of 68 Degrees F as your Heating Costs account for about 50% of your Energy Bill Treat your fireplace like a window:
Fed Speak: Pause vs. Pivot
(This post was posted in Nov 2022) The Federal Reserve’s November 2022 statement contained dovish language, but Fed Chair Powell warned investors not to expect the Fed to stray from its full focus on fighting inflation. Upside inflation led the U.S. Federal Reserve to hike its policy rate by 75 basis points (bps) for a historic fourth time. This brought the fed funds rate up to a 3.75%–4% range, meaningfully above the Fed’s 2.5% median long-run estimate, as inflation continues to justify monetary policy with the objective to tame inflation. In spite of continued inflation, the Fed also indicated