In less than 26 months, nearly two dozen TCJA provisions are slated to expire unless Congress intervenes. The ramifications? We stand at the brink of one of the most impactful tax reconfigurations in recent memory.

It’s that time again, when the federal government reports on the fiscal state of Social Security (headed toward zero) and also estimates the cost-of-living adjustments (COLAs) for next year. Last year, retirees got a 9% raise, but were told the program would be insolvent by 2033. This year, retirees should receive around a 3% raise, and the program is still on the way to financial oblivion.

I didn't think we were going into recession, but if we did, it would be the best recession you've ever seen, because it would be shallow. And the reason is, everybody is still working. And so, if everybody is still working, they're going to spend the money. They may not have as much because inflation is eating it away, but they will spend the dollars. it just won't feel all that good.

While the legacy automakers are playing catch up in the EV (Electric Vehicle) market, Telsa continues to dominate this space.

One big change is that students have to start repaying their student loans again (or start paying them for the first time). This is money that the borrowers could (and did) use on other things during the pandemic, such as paying down debt, saving, or raising their standard of living.

Knowing that we are quickly approaching the debt ceiling deadline, I took some time to ask the opinion of our economic consultant, as well as one of the investment managers to which we have access for the benefit of our clients at our firm, California Retirement Advisors, and it may impact your retirement.