It has been a wild and unpredictable first quarter. After reaching highs in late January, equities then tumbled 10%. As quickly as they went down, they appeared to be reversing themselves, and there was the talk of a "V" shape recovery. That soon faded as the market woke to concerns of trade-tariffs sending us back to February lows:
A friend brought this New York Times article to my attention: Court Overturns Obama-Era Rule on Retirement Planners. Sadly, and not for selfish reasons, I couldn't believe it.
Christine Benz (Morningstar), discusses how the new tax laws are impacting your ability to take certain deductions. Above the line deductions like IRA and HSA contributions won't change, but many below the line deductions are. These are the deductions you typically itemize on a Schedule A.
© 2022 LWM | Linden Wealth Management LLC. All rights reserved.
