It’s hard to watch the news and not feel a little concerned about your finances. Trade wars, stock plunges, interest rates fluctuating, combine that with stagnant wages and an inflating cost of living–it’s enough to get even the most stalwart savers wringing their hands. In fact, 25% of Americans report worrying about money all the time.[i] So, what can you do? In this article, we will outline 5 tips to help recession-proof your lifestyle so that, while the economy and markets may have ups and downs, you can feel secure.
Month: August 2019
The 2017 Tax Cuts and Jobs Act (TCJA) was the most sweeping tax legislation since the 1986 Tax Reform Act was signed into law. The Tax Cuts and Jobs Act made small changes to personal income taxes and significantly reduces income tax for corporations. It also increased alternative minimum tax (AMT) and estate tax exemptions. New tax deductions for owners of pass-through entities and changes to the taxation of foreign income were also part of TCJA. For investors, Opportunity Funds promote investing in low-income designated areas, called Opportunity Zones, by offering federal tax advantages.