As most are aware by now, Congress voted last year to enact changes to our tax code that will take effect in 2018. This is the largest overhaul of the IRS code since the early 2000’s when the Bush tax cuts were enacted. With that being said, it appears as if the majority of the overhaul will affect corporations instead of the individual taxpayer.
2017 was by all measures a banner year for the markets and the economy. A new year presents opportunity for investors to re-align their portfolios and get a fresh start on planning to ensure their retirement success. Below we have compiled five planning items to consider as you review your retirement strategy to start the new year.
Finding just the right portfolio to help you accomplish your goals can be a daunting task. Fortunately, in 2017 there have been relatively few asset classes in which have not had positive performance. Just about any strategy employed has yielded positive results.
Economic Update by: Robert S. Jeter II, CFP®, CRPC®
U.S employment: Demand vs. Supply The most recent monthly employment report showed Americans are less likely to be laid off than at any point in at least 50 years. For every 10,000 people in the workforce, 66 claimed new unemployment benefits in July. The previous low point, 83 per 10,000, was reached in April 2000, near the height of the tech boom.
Volatility is the price we pay for long-term investment gains, that’s no secret. Our behavior on the other hand is usually what determines how much of those long-term gains we capture. Also, to what extent we are emotionally capable of riding this rollercoaster of volatility. While those are pretty obvious statements, what kind of volatility is considered normal?