This is the moment we have all been waiting for… The IRS has announced the new retirement account limits for 2023 and a few of the changes are highlighted below:
Many other limits also increased for 2023, so if you have a strategy such as SIMPLE or SEP, let’s be sure to talk about how to take advantage of the new limits. The corresponding income thresholds, allowing or disallowing certain retirement account usage, have also been adjusted.
The next version of the Weekly Market Review will appear after the upcoming mid-term elections. As much as I believe politics play a limited role on the markets long-term; I don’t have my head completely buried in the sand. We can hope that history repeats itself and the data below holds true in 2022. Certainly, we all need a positive finish to a dreadful year in the markets.Click Here for Midterm Election Years & the Market
Additional optimism comes from historical market performance once we have reached “peak” inflation. Many believe we may have already reached peak inflation, at least in certain sectors of the economy. The image below highlights the stock market’s 12-month performance following peak inflation dating back to 1926.
As always, we hope you find the Weekly Market Review both informative and interesting.
Mike's Weekly Market Insights
November 01, 2022|