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Jill On Money: Charitable giving 2022

Business / Jill On Money /

With holiday and end of year charitable giving season upon us, here’s a rundown of information you will need.

The CARES Act permitted taxpayers who claim the standard deduction to get a deduction on their 2020 and 2021 returns for cash contributions of $300 they made to qualifying charitable organizations. It also allowed for a larger ...Read more

Jill On Money: Loan forgiveness update

Business / Jill On Money /

The Biden administration’s plan to cancel billions of dollars of student loans is in jeopardy, due to a series of legal challenges. That means more than 40 million Americans who expected student debt relief could start getting billed again in January, when a pandemic-era moratorium is set to expire. Here is a Q&A to help those in limbo create ...Read more

Jill On Money: Is the tech rout over?

Business / Jill On Money /

It has been almost a year since the NASDAQ Composite and the NASDAQ 100 indexes hit all-time highs. Since then, a lot has changed.

To start, the Federal Reserve got busy raising interest rates, which tends to hurt the earnings of growth companies, like those in the technology sector. Rate hikes might have been manageable but compounding the ...Read more

Jill On Money: Jobs, inflation, and the Fed

Business / Jill On Money /

As we enter the homestretch for 2022, consumers, investors and Federal Reserve officials are saying “Good Riddance!” With 40 business days to go before we can close the chapter on the year, the themes remain the same: a resilient job market, stubbornly high inflation, and rising interest rates.

In October, the economy added 261,000 jobs and...Read more

Jill On Money: The housing market cools — Will prices follow?

Business / Jill On Money /

With inflation stubbornly high, the Federal Reserve is pumping the breaks on the economy by raising interest rates. The reasoning is when interest rates rise, demand wanes, activity slows, and prices start to moderate — and then eventually fall.

Easy, right?

Unfortunately for the central bank, inflationary cycles are tough to break, and ...Read more

Jill On Money: Healthcare open enrollment for 2023

Business / Jill On Money /

It’s that time of year, when you are confronted by open enrollment packages for healthcare coverage from your employer and in some cases, from the government.

Rising coverage costs, along with near four-decade highs in inflation, means that this is the year you need to pay attention and spend the time to scour your options.

According to a ...Read more

Jill On Money: Seniors get raises; everyone else is not so lucky

Business / Jill On Money /

Inflation continues to be the biggest problem confronting the U.S. economy.

The September Consumer Price Index showed that headline prices were up by 8.2 percent from a year ago, a slight improvement from the previous month’s 8.3%.

But the core rate, which strips out food and energy, rose at a 6.6% annual pace, a new high of this ...Read more

Jill On Money: Quiet quitting as job market flashes yellow

Business / Jill On Money /

As inflation and interest rate increases roil the globe, the U.S. labor market has been one of the bright spots for the economy. As job growth decelerates, it is not yet flashing red recession warnings, at least among hiring managers.

That said, there are some yellow flashers that indicate an employment slowdown lies ahead.

As of August, the ...Read more

Jill On Money: Post-COVID estate planning

Business / Jill On Money /

When listeners come on my radio show or podcast to discuss their financial questions, they know that at some point in the conversation, I will ask about their estate documents. It does not matter whether it’s a young person, an older one, single or partnered, parent or childless.

As we approach National Estate Planning Awareness Week (October...Read more

Jill On Money: Ditch market timing, once and for all

Business / Jill On Money /

Every time financial markets sink someone asks: When is this going to end? Should I sell now, before it gets even worse?

Rationally, we know that the current period of plunging markets, high inflation, and general uncertainty around the economy will resolve, and things will get better, eventually. But that does little to soothe the raw nerves ...Read more

Jill On Money: Hot inflation forces Fed’s hand

Business / Jill On Money /

We interrupt your gas pump happy dance with rotten news: Inflation, as measured by the headline Consumer Price Index (CPI), showed that in August, prices were up 8.3 percent from a year ago, largely due to a drop in the gas index. While that was an improvement from the previous two months (8.5 and 9.1 percent respectively), the internals of the ...Read more

Jill On Money: Time to snap out of it (and evaluate life insurance)

Business / Jill On Money /

As we slowly emerge from the haze of summer, I’ve been thinking about Cher’s classic line from the 1987 movie Moonstruck: “Snap out of it!” Without slapping you, it’s time to address some of your not-yet-completed, New Year’s money to-dos.

If you’re like many, the broad category of dealing with unpleasant issues got pushed to the ...Read more

Jill On Money: Muddled in the middle

Business / Jill On Money /

“Jill, when I hear politicians talking about the middle class, what do they mean?”

To answer this question, it’s worth tracing the roots of the term. When we think about the emergence of the middle class, we go back to President Franklin D. Roosevelt’s June, 1944 signing of the Servicemen's Readjustment Act (the G.I. Bill) into law.

...Read more

 

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