Howard Dvorkin receiving the Horatio Alger Award on stage, holding the bronze bust and medal while congratulating fellow honorees during the formal ceremony.

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3 key money moves to consider while the Fed keeps interest rates higher

By: Jessica Dickler | Source: CNBC

“When interest rates are high, credit card debt becomes the most expensive mistake you can make,” said Howard Dvorkin, a certified public accountant and the chairman of Debt.com.

What Expert Recommends Buying on Black Friday Before Proposed Trump Tariffs

By: Jesus Mesa | Source: Newsweek

“I do not believe we will see any immediate changes in the pricing of goods. However, I do anticipate that prices for some imported products from the mentioned countries may rise to some extent after the inauguration,” he said.

Some shoppers are considering making big purchases like cars and iPhones before Trump’s proposed tariffs. Is it necessary?

By: Emily Bloch | Source: The Philadelphia Inquirer

“Even on big-ticket items like cars and computers, it’s nearly impossible to predict how prices will be affected,” said Howard Dvorkin, CPA and chairman of Debt.com. “In our global economy, almost everything with moving parts has components sourced from multiple countries. Cars and computers aren’t like cookies and crackers — they don’t come with a list of ingredients. Good luck trying to figure out how those overseas components will raise the overall price of that laptop you want.”

Biden’s Inflation Reduction Act One Year Later — Has It Impacted Americans’ Wallets So Far?

By: Yaёl Bizouati-Kennedy | Source: yahoo!finance

“The IRA isn’t open-heart surgery for inflation,” said Howard Dvorkin, CPA, founder and chairman of Debt.com. “It’s not that dramatic. Think of it like taking a daily baby aspirin to prevent a heart attack. Many IRA provisions won’t show up in your wallet after one year, but they probably stopped your finances from getting worse.”

Worried About A Recession? Here Are 7 Smart Moves To Make Right Now

By: Adam Bulger | Source: Fatherly

“There’s no question in my mind that we’re in a recession,” Howard Dvorkin, Chairman of Debt.com and personal finance guide, says. “Maybe the economic and technical definitions of a recession haven’t hit yet but we’re there.”

What Is A Recession? How to Get Ready for Hard Times

By: Michael Tedder | Source: The Street

But here’s the thing, it’s entirely possible that we’re already in a recession, and just don’t know it yet, according to Howard Dvorkin, CPA and Chairman of Debt.com. Economists define a recession as two consecutive quarters of negative growth – which means production drops and unemployment rises. There’s a problem baked into that definition: You can’t know for sure if you’re in a recession for almost six months,” says Dvorkin. “We can read the tea leaves and make educated guesses, but we can’t confirm those until two quarters are nearly over. By then, of course, it’s too late to prepare.”

6 money moves to make when you’re worried about a recession

By: Elizabeth Gravier | Source: CNBC

Howard Dvorkin of Debt.com recommends looking at recurring charges such as unused gym memberships or subscriptions.

Wall Street Says The Fed Without Powell Would Be ‘A Shock’ As Biden Waits on Renominating the Chair

By: Yaël Bizouati-Kennedy | Source: Yahoo! Finance

Howard Dvorkin, CPA and Chairman of Debt.com, told GOBankingRates that “presidents have a cynical reason for taking so long to appoint a new Fed chair.”

Breaking the Bank: Sen. Warren Opposes Renomination of Fed Chair Powell

By: Yaёl Bizouati-Kennedy | Source: yahoo!finance

Howard Dvorkin, CPA and Debt.com chairman, told GOBankingRates that you can like him or hate him, but calling Jerome Powell a dangerous man “is unsettling.” “As a CPA, I worry about such base-focused rhetoric because it distracts from our country’s real financial problems and the dispassionate math that can solve them,” Dvorkin says. “I don’t agree with everything the Fed has done over the past three decades that I’ve been a business owner and a financial counselor. But I never thought anyone in the Fed was ‘dangerous.’ Shortsighted? Sure. Bumbling? Sometimes. But dangerous? Never.”

Inflation and Social Security Benefits

By: Sasha Jones | Source: NBC 6 South Florida

Howard Dvorkin, Debt.com chairman and CPA, sits down with NBC 6 South Florida to discuss how the cost-of-living adjustment will impact South Floridian’s receiving Social Security benefits.

South Florida 100: DeSantis signs a budget, Biden proposes one

By: Sun Sentinel | Source: South Florida Sun Sentinel

Florida lawmakers approved a new gambling deal with the Seminole Tribe that, if the feds approve it, will expand gambling throughout the state.

Biden tax increases threaten small businesses, experts warn

By: Brittany De Lea | Source: Fox Business

Small business owners have taken a hit from the coronavirus pandemic, and now some experts are concerned that they may see their tax obligations rise as a result of proposals expected from President Biden.