Inflation Data And Profit Margins Investing In Solar

In this episode of the Planned Solutions Incorporated Podcast, Consumer prices have been in focus for the past several years as the Consumer Price Index (CPI) reported above-average increases in prices. However, what has been lost in this data is the even larger increase in the Producer Price Index (PPI) which measures prices paid by businesses for raw materials. This has caused profit margins to be squeezed as input prices increased faster than end prices. However, this pressure appears to be dissipating as producer prices have declined. Also, With home electricity prices having increased and Congress extending the 30% tax credit for solar panels, many people are once again considering investing in solar. In deciding whether or not to install solar it may be beneficial to determine the cost/benefit in terms of the time period it will take to break even and the time period that the solar panels are expected to last. And, The Secure Act 2.0 has expanded access to Roth accounts for many retirement savers. First, the option to elect Roth status is expanded to SIMPLE IRAs and SEP IRAs which were previously not allowed to make Roth contributions. Second, the matching contributions made by employers may be directed to a Roth account as long as the taxpayer pays the taxes on the contributions when made and there is no vesting schedule associated with the account. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Internal Revenue Service announced that Monday, January 23, 2023, will be the beginning of the 2023 tax season (the tax when tax returns may be submitted and processed for the 2022 tax year.) In addition, taxpayers will have three extra days to file this year, with the deadline on April 18, 2023, due to the normal deadline falling on a holiday Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail [email protected] The 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. Planned Solutions, Inc.