Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, There is a discrepancy between the official government price data for shelter (rents) and the data reported by multiple private data providers. The US government numbers show rents increasing 6.5% over the past year while private data reports a 2.1% decrease in rents. Many economists and investors believe the private data to be more accurate and up to date causing them to price in a sharp decrease in inflation in the next three to six months. Also, Early signs show that consumers continued to increase their spending during the holiday season, albeit at a slower pace than the prior year. This is a good sign for the economy as consumer spending represents approximately 70% of US economic output. However, there are indications that US consumers are becoming more price-conscious. And, The IRS has announced that it will not enforce penalties on owners of inherited IRAs that fail to take Required Minimum Distributions (RMDs) in 2023. However, the IRS