How will the new tax legislation affect you? As the bill is expected to pass today, Michael Townsend offers his insights on its key provisions. Since many aspects of the new bill are complex, the best tax strategies may take time to emerge. Financial planner Michael Kitces has put together a detailed analysis to help you get started. The outlook for investors in global markets in 2018 is promising, with the eurozone experiencing its fastest expansion since 2011. For a look at the other markets, Richard Turnill of BlackRock shares their forecast.
Sweeping Tax Bill Poised To Become Law– Here are the highlights of the legislation prepared by Michael Townsend at Schwab. For those of you that want a detailed analysis of the bill, read the next article. Read more…
Individual Tax Planning Under The Tax Cuts And Jobs Act Of 2017– This article by Michael Kitces is the most thorough we have seen. The legislation will result in substantive tax reform for corporations, with the elimination of the AMT and consolidation down to a single 21% tax rate, all of which are permanent. However, when it comes to individuals, the new legislation is more of a series of cuts and tweaks, which arguably introduce more tax planning complexity for many, and will be subject to a(nother) infamous sunset provision after the year 2025. Read more…
Global Investment Outlook For 2018– BlackRock, the world’s largest money manager, has issued their global investment outlook for 2018. They explain why they believe the expansion has room to run. They also express views on inflation, risk (both market and geopolitical), and other issues. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller