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Weekly Wealth of Knowledge - Week of 10/24/22

October 25, 2022

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. October kicks off "breast cancer awareness" month, where we will be providing you content on how to get involved to support the continued battle against this horrible disease. This will include ways to give, get involved with advocacy, as well as ensure you are educated on how to carry the torch, not just in October, but throughout the year!

In this issue:

       •  New 2023 Tax Brackets Announced (3 min read)
       •  Beige Book & Easing Price Growth (2 min read)
       •  Top 7 Breast Cancer Charities (3 min read)

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New 2023 Tax Brackets Announced

Last week the IRS published  the new 2023 income tax brackets that are adjusted for inflation. In addition, the standard deduction that can be taken by both married couples filing jointly, as well as single filers has also increased. Read below to see what other changes may impact your filing status for 2023.

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Beige Book & Easing Price Growth

The Federal Reserve's most recent Beige Book may have offered some insight into the impacts of their rapid rate increases over the past year. Although no one wants to see a slowing economy, it is exactly what the FED needs to see to tap the breaks on further rate hikes. As always, if you have any questions, do not hesitate to reach out. 

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Top 7 Breast Cancer Charities

As we close out "breast cancer awareness" month at MONECO, we leave you with a comparison published by the National Breast Cancer Foundation, of the top 7 charities to help raise breast cancer awareness, care, and prevention. As we stated at the beginning of the month, although October highlights what can be done to find a cure, let's all do our part to continue this focus throughout the year!

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The opinions voiced in this material are for general information only and are not intended to provide specific financial or tax advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.