$10,000 of My Student Loans Are Being Forgiven. Now What?

President Biden announced last week a program to forgive $10,000 ($20,000 for Pell grant recipients) of student loan debt per person. To qualify for the forgiveness program, one must have student loans with the federal government (versus a private bank) and make under $125,000 per year. This means that a family filing their taxes jointly …

$10,000 of My Student Loans Are Being Forgiven. Now What? Read More »

Will the Inflation Reduction Act Reduce Inflation?  How to Take Advantage of the New Law

The Inflation Reduction Act (IRA) just passed in both the House and Senate and is expected to reach President Biden’s desk for final ratification this week.  The description of the bill from the democrats in the Senate is: “The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight …

Will the Inflation Reduction Act Reduce Inflation?  How to Take Advantage of the New Law Read More »

Updates on the Economy, Stocks, Inflation, and Interest Rates

The stock market, as measured by the S&P 500, is currently down for its 8th week in a row, falling close to 20% year-to-date.  The main reason for the decline is that investors are nervous about whether the economy is heading into a recession.  Specifically, they are worried that the Federal Reserve, in its fight …

Updates on the Economy, Stocks, Inflation, and Interest Rates Read More »