For taxpayers who are relying on their retirement plans on a month-to-month basis for living expenses, the expiration of the suspension won’t be an issue. For those who had extra cash on hand, however, it could provide something of a windfall this tax season.
The United States national debt stands at a cool $36 Trillion dollars¹. A truly staggering number for most folks to comprehend. But this isn’t the first time we’ve gawked at such a gaudy number. As a Time article from 1972 shows, we’ve been having this chat for decades.
Stock market continues to hit new highs but advisors would be wise to keep eye on underappreciated risk: potential end of FedlReserve independence.