The 2014 economy is at no risk of inflation and hasn’t been for some time, according to former Fed Chair Ben Bernanke. He was harshly critical of Quantitative Easing critics as he offered his perspective on the current state of the U.S. economy. Many bond investors are looking backwards to forecast what will happen in 2015 as the Federal Reserve prepares to raise interest rates. Will Alan Greenspan’s failure to control long term rates serve as a bitter reminder to the current Fed Chair Janet Yellen? Of more immediate concern to many investors is planning for retirement. Your income will be largely affected by the tax planning you’re doing now. We close this week with a link to a site to help you get started.
Bernanke: Inflation Isn’t Happening, QE Critics Dead Wrong– All the hard money alarmists who have spent five years predicting that quantitative easing would trigger runaway inflation — or any inflation — have been proved to be dead wrong and deluded victims of “bad economics,” former Federal Reserve chairman Ben Bernanke said last week. Read more…
Yellen Gets That Sinking Feeling Greenspan Once Knew– Alan Greenspan couldn’t control long-term interest rates a decade ago, and bond investors are betting Janet Yellen’s luck will be no better. Read more…
Managing Taxes During Retirement– The way you manage your taxes in retirement can make a big difference in your retirement income. Here is a website that can take you step by step through the necessary tax planning and give you a much clearer idea of how to proceed. You’ll find helpful resources to understand how your Social Security benefits and your IRA are taxed, and what steps you need to take now to avoid tax penalties. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller