Thoughts on the tax bill passage

Thoughts on the tax bill passage: First major legislative win for Pres. Trump and GOP majority. Combining the elimination of the requirement to have health insurance with the tax bill has dealt a major blow to the implementation of the Affordable Care Act (ACA), more commonly known as ObamaCare. The cost of passage of the tax bill from a political view will not be fully known until the 2018 mid-term elections. The US economy, already gathering strength, will receive additional stimulus from the lower corporate tax rates and potentially a smaller push from the consumers. Concerns are that the US budget deficit will widen further as there does not seem to be corresponding spending cuts by t

4 Things Every Person Should do by the End of the Year

The end of the year is coming quickly, less than 2 weeks and 2018 will be here. Here are 4 things every person should do before the end of the year. Create a Financial Plan Every person should have a financial plan. Planning isn’t only for the ultra wealthy, it is for everyone. A good solid financial plan will help you to accomplish your financial goals. Going through the process of creating a financial plan will help you to prioritize the goals that mean the most, bring perspective to what it will take to achieve your financial goals, and help you with tax planning. That means, a good financial plan will help you to save on taxes, set money aside for emergencies, help you to live within you

401(k) – How Much Does It Cost?

It’s a simple question really – “how much does it cost?”. We have all had that experience where we ask what something will cost and get an answer that is so twisted and turned around that we are left with a headache and confusion. Too often that is the experience of 401(k) Plan Sponsors and participants. I suppose that is what happens in an industry that has decades of experience in obscuring and hiding the full facts and truth in layers of industry speak. So, let’s keep this simple and straight forward. Typical 401(k) plans will have the following five parts or services associated with them. Sometimes these services are bundled together and provided by one or two companies, where other

Earning 2% More Per Year is Huge!

If you are overpaying in 401(k) plan fees you could be earning significantly less over the long run. This is exactly why it's so important to understand the fees that your 401(k) plan in paying. If you are unsure about where your plan stacks up click here.

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