At the end of most days, my wife Jean and I sit and talk about what happened and how each of our days were. In nice weather, it’s usually on our front porch, in not so nice weather it’s inside at our “favorite” spots, recliner chairs. Most times, politics enters the conversation and last week we were talking about the potential for tax reform. The last time we had a major reform of our tax code was 30 years ago so we both felt it’s about time. I made the statement then, that no matter what they call it, she and I will end up paying more federal income taxes.
I have chosen two articles that might give you a little more clarity about what might be headed our way. I say, “might be” because it’s not a done deal that anything gets passed. (Think health care reform) As I previewed the articles, I became convinced I will be proven right. I’ve always said that “The government giveth and the government taketh, but mostly the government taketh”. We will have to wait and see. I’d really like to know what you think so just email me firstname.lastname@example.org, and let me know.
However, no matter what happens, please remember the trading strategy we are using for our equity clients is designed to over-preform rising markets by about 7%+/- while under-performing declining markets. And, while it’s not guaranteed, should the markets crash fast and suddenly, this strategy is designed to recover most, if not all, the losses.
For those of us on social security, it looks like we might get a raise. Benefits are scheduled to increase about 2% next year, the first raise in several years.
Finally, as we head to the end of 2017, the equity markets have treated us kindly with double digit returns in most cases. Not sure what’s heading our way in 2018, but whatever comes down the pike, make it great. Have a super week.