Stock Market Fails to Regain Long-term Upward Trend, Inflation, Social Security Offset

Published: Sept. 29, 2022, 7 a.m.

b"In this episode of the Planned Solutions Incorporated Podcast, The US stock market was unable to resume an upward trend in August as the market stalled out at the 200-day moving average trend line. Now the market is trading between its long-term trendline and the low for the year in mid-June. While these trends offer some indication of the market trends for the remainder of 2022 it is likely that important data such as Federal Reserve policy, economic data, and the upcoming earnings season will have a larger impact.\\n\\nAlso, Inflation proved surprisingly persistent in August as declines in fuel prices were offset by increases in energy utilities, new car prices, and services such as shelter, transportation, and medical services. This may be an indication that inflation is shifting from the goods market largely driven by supply chain issues and costs to the services\\nsector where higher wages may be forcing companies to raise prices.\\n\\nAnd, Individuals who participate in a non-covered pension (a pension\\nthat is earned while not being required to pay Social Security taxes) need to be aware of the Government Pension Offset (GPO) rules. Under the GPO rules, an individual who receives a non-covered pension may have their Social Security widow or widower benefits reduced based on the amount of their pension. In some cases, the Social Security benefits may be eliminated entirely.\\n\\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- The Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. While we were looking forward to golfing and raising money for cancer charities we realized that no one was likely to show up to play in 108-degree heat and\\nsmoke hanging in the air from the fires in El Dorado and Placer counties. Fortunately, we were able to postpone the date to a time when it should be much cooler. \\nThe new details are:\\nDate: Friday, November 11, 2022\\nTime: 11:00 am shotgun tee time (moved up due to daylight savings)\\nWith the change in the date, there is still time to sign up to golf or attend the dinner afterward.\\nThe new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.\\n\\nChase Armer's book- Financial Planning Insights is now available at:\\nwww.amazon.com/Financial-Planning\\u20261586894022&sr=8-1\\n\\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\\n\\nThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\\n\\nPlanned Solutions, Inc."