Winter 2022

I’m not going to lie, its been a rough year. It’s been a rough year for me personally and it’s been a rough year in the markets. Can we all just agree we are ready to turn a corner and look forward to a better year in 2023?

If we are starting fresh, what are some things we have to look forward to experiencing? Well, for one a new year is a clean slate. As years past have shown us, one year in the market does not predict what will happen in the next year of the market. With that being said, anything can happen this coming year, let’s expect good things!

In 2023, if you receive social security, you will receive a cost of living increase of 8.7%. That is definitely something to look forward to in the year ahead. Who doesn’t like to receive more money?

If you are still working and saving, the IRS also made some increases to contribution limits for you to save more. If you contribute to an employer sponsored 401(k) or 403(b), you can now contribute up to $22,500 next year. If you contribute to a Roth IRA or Traditional IRA, you can now deposit $6,500 into either one, or a combination of both next year. These limits do not include the additional catch up amounts if you are over the age of 50. That gives you even more you can save!

Here is some more good news to start your 2023 off right: Interest Rates are up! This means that now there are so many alternatives to provide safe income in your portfolios such as high interest money markets and certificates of deposit, where these investments are appropriate. While these are not the most exciting investments, our team is excited to finally be able to offer you lower risk and a reliable income source.

These are just a few investment highlights to begin the New Year on the right foot. When it comes to my personal clean slate, we are looking forward to several vacations throughout the year. We have to make up for lost time in 2022. We are thinking positive and looking forward to the all the good that can happen in the next twelve months for all of us.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Stacy Caudill and not necessarily those of Raymond James. An investment in a money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund. Investors should consider the investment objective, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other important information, is available from your Financial Advisor and should be read carefully before investing. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions.