The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. November kicks off "giving" month at MONECO, as we welcome in all that we should give thanks for. All month long we will be providing you content on how to give back in many ways, to your friends, your community and to your family. And let’s do our best to continue this trend, not just this month, but throughout the entire year!
In this issue:
• 2023 Retirement Plan Contribution Limits (3 min read)
• Consumer Prices Rise, But Less Than Expected (3 min read)
• Alternative Ways To Give (3 min read)
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2023 Retirement Plan Contribution Limits
The Internal Revenue Service (IRS) has released new limits for certain retirement accounts for the coming year and for savers, the news is good. Read below to find out what increases were made and the different retirement plans that will be impacted. As always, if you have any questions, do not hesitate to reach out!
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Consumer Prices Rise, But Less Than Expected
The highly anticipated Consumer Price Index for October was released last week and came in lower than was expected and the financial markets reacted favorably. The big question is, will this trend continue and will it influence future moves on rate hikes by the Federal Reserve?
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Alternative Ways To Give
As we continue with the theme of “giving" month for November, we will be sharing content on how to give back in many ways, to your friends, your community and to your family. This week we again look at some of the alternate ways you can give, outside of financial contributions.
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.