With inflation indicators showing it won’t be a problem, investors instead spent the week worried about Europe’s sovereign debt.
Italy adds to Europe’s financial woes, but the American markets rebound after weekly jobless claims fall below the critical 400,000 level.
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.
According to the latest Census Bureau wealth study, in the critical 55-to-64 age bracket, when household wealth typically builds to its peak before being drawn down in retirement, the median net worth for married couples is about four times higher than that of singles.