In 2019, we have a different start with no shortage of cautious sentiment. Markets can be unpredictable as investors try to anticipate events that may impact the economy and corporate profits.

How the Trump Tax Plan May Affect You

President Trump signed a new tax bill, the Tax Cuts and Jobs Act, into law in December 2017. This bill largely didn’t affect individual income taxes until the 2018 tax year, which you file in early 2019. How exactly the Trump tax plan affects you depends on your income, your current filing status and the deductions you take. Take a look at the following guide to help you better understand the main features of the new tax plan.

Bottom Line
The U.S. tax code isn’t always the most straightforward and things can get more confusing when there are changes from one year to the next. The Tax Cuts and Jobs Act made some big changes to the tax code, particularly to deductions and the tax brackets. It’s a good idea to review the new changes, especially if you usually itemize deductions. (We also took a look at who should itemize under the new tax plan.)

When you go through your first tax filing with the new laws, it’s a good idea to use a good tax filing service.


Download this edition of The Fiduciary to learn even more »

New IPS:

We are pleased to tell you about an enhancement we recently made to the advisory services we provide for you and your family. A new Investment Policy Statement (“IPS”) has been designed to address your investment goals on a holistic basis for all the individual accounts we manage for you. Prior to this change, we wrote individual investment policies for each of your investment accounts. Your relationship manager will be reaching out to you in the coming weeks with a draft version for your approval so we can put your new IPS into effect. Of course, you can also view your total holdings, current asset allocation and other account information online at any time via our client portal.

If you haven’t signed up for this service yet, we encourage you to do so!

How much should you contribute to your 401(k)?

When you start a new job and sign up for your company’s 401(k) plan, you will need to decide how much to contribute to the account. This seemingly simple decision will affect how much is withheld from your paychecks, your annual income tax bill and how much money you will have in retirement. Here’s how to determine the amount to save in your 401(k) plan.

Six factors to (k)eep in mind:
1. Qualify for the match
2. Aim to save more than 10%
3. Increase your savings rate over time
4-6: Download this edition of The Fiduciary to continue reading »

Continue Reading about
the market, a deeper look at the new tax law, stock market history, and market commentary.