This month, my newsletter explores the following topics:
- Common and costly Roth IRA conversion mistakes
- Home prices are expected to fall
- How inflation may affect your 2023 tax bracket
- What to know about student loan relief applications
The year-end will be here before we know it, so please get in touch with me if you would like to discuss your finances.
These Are Common (And Costly) Roth IRA Conversion Mistakes. Here’s How To Avoid Them
While Roth individual retirement account conversions may be alluring when the stock market dips, it’s easy to make mistakes. Investors need to consider the “big picture,” the pro-rata rule and other tax consequences, financial experts say.
Buckle Up: Home Prices Are Expected To Fall By A Lot—Even If There Isn’t A Recession
The U.S. Federal Reserve has completely upended the housing market, taking it from turbocharged to rapid deceleration. Home prices in many markets have even begun falling from their peaks. Now, the question is how far they will drop—and what fissures will be opening elsewhere in the economy to propel these changes.
Here’s How Persistent High Inflation May Affect Your Tax Bracket Next Year
The IRS makes adjustments for inflation every year, covering tax brackets, retirement contribution limits and more. With high inflation over the past year, experts are predicting “larger-than-average” adjustments for 2023.
Student Loan Relief Applications Arriving Soon: What You Need To Know
Biden’s student loan plan faces an onslaught of lawsuits as borrowers await details.
Michael M. Silverman is a Financial Representative of The Guardian Life Insurance Company of America, New York, NY. Strategies for Wealth is not an affiliate or subsidiary of Guardian.
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2022-146384 Exp. 11/24