Is the recent market rally just another false start? How many of these can investors expect? Jeffrey Schulze finds answers in the history of countertrend rallies • Be sure to plan for this year’s 401(k) deadline. There are benefits to maxing out your 2022 contribution, as Kelly R. Taylor explains for Kiplinger • Inflation will save you money on your taxes this year. Jacob Bogage covers yesterday’s IRS announcement on the changes to tax brackets and deductions that could affect you.
Here’s The History Of Countertrend Rallies — And Why One Strategist Expects More False Starts — Investment strategist Jeffrey Schulze went down memory lane to look at the history of countertrend rallies, which he defines as rallies that ultimately give way to a lower low during bear markets. Read more…
401(k) Contribution Deadline Coming Soon — Maxing out your retirement plan contributions can be an effective way to boost savings for retirement and potentially reduce your taxes. With the end of the year fast approaching, along with the 401(k) contribution deadline, here are some reminders to help you take advantage of tax breaks associated with your retirement savings plan. Read more…
You Can Keep More Money From The IRS This Year, Thanks To Inflation — The Internal Revenue Service will allow Americans to shield more of their income from taxes in 2023 because of higher inflation, the agency announced Tuesday, raising income thresholds for all tax brackets and increasing the standard deduction. Read more…
John R. Day, Bill Ennis, and Matt Heller
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