Hello and Welcome to our November 2018 Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast format as well as Video!
Newbies – We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!
November – 2018 Video
Financial Planning Tip (s) –
Clump – Maximizing the new standard deduction
With a $12k individual standard deduction and double that for joint filers it takes work to maximize the standard deduction threshold… Add the fact that SALT State and Local Tax deductions are now limited to $10k annually, clumping expenses into one year as mentioned here in our post and visually below may be the only way to get above the standard deductions for many …
Capital Market Comments –
Powell Signals a Slower Rate Increase
Current FOMC (Federal Open Market Committee) chairman Jerome Powell signaled the rate increases may be closer to over than just was stated just a month earlier… where a December increase, which is still almost certain, but three additional increases were promised in 2019 – not any more.
Given the long/lower rates of the last decade, it is not a surprise that the new normal may be lower –
Market Participants cheered this statement!
Have a Great Day – Talk to you at the end of December!
John A. Kvale CFA, CFP