In this episode of the Planned Solutions Incorporated Podcast, There is a discrepancy between the official government price data for shelter (rents) and the data reported by multiple private data providers. The US government numbers show rents increasing 6.5% over the past year while private data reports a 2.1% decrease in rents. Many economists and investors believe the private data to be more accurate and up to date causing them to price in a sharp decrease in inflation in the next three to six months.Also, Early signs show that consumers continued to increase their spending during the holiday season, albeit at a slower pace than the prior year. This is a good sign for the economy as consumerspending represents approximately 70% of US economic output. However, there are indications that US consumers are becoming more price-conscious.And, The IRS has announced that it will not enforce penalties onowners of inherited IRAs that fail to take Required Minimum Distributions (RMDs) in 2023. However, the IRS will still require that the RMD amount be distributed even if it is done in the following year which can create some tax planning challenges. Therefore, owners of an inherited IRA may still benefit from taking taxable income from the account in 2023 to reduce their overall tax burden.Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The New Year is a great time to set or update goals including financial goals. When makingfinancial goals it is best to set SMART goals. These are the goals that are:Specific (S) – Instead of making general or broad goals be specific about what you want toachieve.Measurable (M) – Determine how you will measure the goal and know whether or not you haveachieved it ahead of time.Achievable (A) – Make sure your goals are realistic taking into account real-life challenges andconstraints. Achievable goals can be motivating. Unachievable goals can be demotivating.Relevant (R) – Make sure your goals will put you on track for success. Ask yourself: Will theachievement of these goals lead to the desired result?Time-Bound (T) – Make sure to give each goal a deadline as to when you want to achieve yourobjective. Chase Armer's book- Financial Planning Insights is now available at:https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpbTo 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 biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.