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By some definitions, a recession is identified by declines in the GDP for two quarters in a row, so you can expect this report to trigger headlines over the next several days indicating that we’re now officially in a recession. But are we?

As inflation has risen and stock prices have fallen, we’ve heard a lot of buzz about a bear market recently. And now we’re officially here. 

When it comes to the market, investors tend to have short memories as they struggle with what’s known as recency bias wherein more weight is put on recent events to the point of overshadowing the preponderance of historical evidence to the contrary. 

It would seem counterproductive to look at these past 12 months in isolation. They were, rather, the second act of a drama that began early in 2020, the precipitant of which was the greatest global public health crisis in a hundred years. 

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.

When it comes to creating a stream of income in retirement, there are two predominant schools of thought: the systematic withdrawal strategy and the bucket strategy. 

Preparing for retirement just got a little more financial wiggle room, as the Internal Revenue Service (IRS) announced new contribution limits for 2022.

While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed $1.75 trillion Build Back Better Plan.1

Budgeting is like anything in life: The more you make it a habit, the easier it becomes. The key is getting started, but you’d be surprised how many young people never think through that initial step.

Your credit score, often called your FICO score, represents to a lender how likely you are to pay your bills on time. It may determine whether you can get a loan, a job, an apartment, or insurance. A low score may prevent you from obtaining the lowest borrowing rates or the best loan terms.