Throughout 2022, the U.S. economy experienced high inflation, economic expansion and contraction, low unemployment, and narrowly avoided a recession. But even economists with insight have mixed feelings about what the 2023 U.S. economy may be like- it’s a guessing game this early in the New Year.
The start of the New Year is a great time to focus on retirement savings contribution limits. Thanks to the power of compound interest. The more you save this year, the more financially secure you may be during retirement.
2022 had numerous tax law changes that may impact you when filing your 2022 taxes. Depending on your situation, the changes may mean a reduced refund or a larger tax bill.