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.
If you're curious how the proposed tax plan effects you, the Wall Street Journal, using the Penn Wharton Budget Model, has introduced a tax calculator. Here you can calculate your estimated 2018 taxes and discover the potential impact of the House plan.
IRS announces updated retirement plan limits for 2018
On October 19, 2017, the IRS announced the updated retirement plan limits for 2018. Importantly, 401(k) and SEP IRA contribution limits increase. Traditional IRA and ROTH contributions are unchanged. Below, see highlights for notable DC plan limits:
Money has been flowing into international equities in record numbers. The reduction in home bias is a positive development. Half of the world's market capitalization is outside the U.S. as well as the fastest growing economies. Improving fundamentals, cheaper equity valuations, and diversification are resulting in a larger allocation abroad.