On this episode of the Planned Solutions Incorporated Podcast, TThe US inflation rate has increased in recent months whether measured by the Personal Consumption Expenditure (PCE) index of the Consumer Price Index (CPI). However, the data has been anything but consistent as the two rounds of economic stimulus paid during 2021 have clearly impacted the personal income and inflation data. The question is whether inflation data will be able to trend at an above-average rate without additional stimulus payments.Also, The American Rescue Plan Act increased the amount of the child tax credit for some taxpayers. In addition, the Act makes a portion of the credit an advanced refundable credit so that it will be paid to taxpayers during the tax year. However, if a taxpayer does not end up qualifying for the credit they may be required to repay it. To avoid this the IRS will allow taxpayers to opt-out of the advanced payment of the credit.And, The value of bitcoin decreased by more than 50% from its April high to its low in mid-May. This decrease in value erased nearly all of the 115% gain for 2021. This volatility may is the latest test for bitcoin and other crypto-currencies to see if new investors will continue to pile into these assets when the risk of large losses, rather than just the allure of large gains, must be taken into account. Either way, investors will need to accept that a 15% decline in value in one day may lead to large losses without warning. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- If you have called into our office or dropped by pre-COVID when the office was open, there is a good chance that the first person you talked to was Katelin. Katelin has been working as Planned Solution’s receptionist and in a client service role for several years. Up until recently her schedule has been part-time during the school year and full-time over the summer. The good news is that Katelin has graduated from Sacramento State University and will be working full-time at Planned Solutions on a year-round basis going forward. So next time you call into the office and Katelin answers join us in congratulating her on her accomplishment. Daryl recently attended the Financial Planning Association NorCal Conference. As Planned Solutions’ representative on the Financial Planning of Northern California Board of Directors, Daryl has been active in supporting the growth and development of the Financial Planning industry. Normally this conference is held in San Francisco but will be held virtually for the second consecutive year. Hopefully, by 2022 we will be back to in-person conferences and the valuable networking that often results from face-to-face meetings.Chase Armer's book- Financial Planning Insights is now available at:store.bookbaby.com/book/financial-…anning-insightswww.amazon.com/Financial-Plannin…1586894022&sr=8-1To 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.ADDRESS: PHONE:1130 Iron Point Road, Suite 170 (916) 361-0100Folsom, CA 95630 (800) 750-2111E-MAIL: FAX:[email protected] (916) 361-0191WEB SITE:www.PlannedSolutions.com#finance #invest #investment #stocks #inflation #deflation #bonds