Care for a COLA with Your Social Security?

As you might have heard, people are talking about a big bump in Social Security benefits next year. The Senior Citizens League says payments could rise by as much as 8.6 percent in 2023, compared to an increase of 5.9 percent in 2022. That would mean an average...

June 27, 2022

Weekly Market Insights Presented by Hennings Financial, Inc. Prospects of cooling inflation powered a rally in stock prices last week despite growing recession concerns. The Dow Jones Industrial Average gained 5.39%, while the Standard & Poor’s 500 climbed 6.45%....

Traditional vs. Roth IRA

Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 36.1 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 24.9 million households.1 Both are IRAs. And yet,...

June 21, 2022

Weekly Market Insights Presented by Hennings Financial, Inc. Stocks moved lower last week as recession fears deepened following a Fed hike in interest rates and weak economic data. The Dow Jones Industrial Average fell 4.79%, while the Standard & Poor’s 500...

Will the GDP Report Suggest a Recession?

The advanced report on first-quarter Gross Domestic Product (GDP) will be out later this week. Perhaps no economic report this year will be more scrutinized. Those looking for economic clues that could signal a recession will undoubtedly dissect the GDP report like a...