ABLE Accounts – Even Better in 2018

ABLE Accounts – Even Better in 2018

 As we start 2018, there are now 31 states offering ABLE accounts and 23 of them are accessible to residents of all states. While ABLE accounts have retained all of their initial benefits, the Tax Cuts and Jobs Act added some additional features to the plans. The first enhancement is an increase in the amount of basic contributions that can be made.  In 2018, the amount that can be contributed to an individual’s ABLE account rises from $14,000 in 2017 to $15,000. A more significant addition to the ABLE program is the ability for an individual with an ABLE account who is working to deposit their earnings, up to the Federal Poverty Level which is currently $12,060, if they are not parti ...

2018  – You are off to a great start!

2018 – You are off to a great start!

 In 2017, the investment markets delivered better than expected returns. As we begin 2018, the prospects remain good for another year of solid investment results. Corporate profits are growing, unemployment is near all-time lows, and the recent legislation provides additional corporate stimulus in the form of lower taxes and less regulation. We would be surprised if the global stock markets do not deliver double-digit returns again in 2018. That being said, when consumer confidence rises to high levels as it has recently, the corresponding complacency can lead investors to take excessive risks. When you take excess investment risks, you increase your exposure to bigger losses when the s ...