Ed Mills, Washington Policy Analyst, breaks down the major components of the newly approved tax legislation.
December 20, 2017
The tax reform bill lowering the corporate tax rate and making a number of adjustments to the individual tax code has been approved by Congress and is set to become law. The final tax bill sets a corporate tax rate of 21% starting in 2018, a top individual rate of 37%, the repeal of the corporate AMT, a $1 million phase-out threshold inclusion for the individual AMT, a $750,000 mortgage interest deduction cap through 2025, a 20% deduction on pass-through income, an increase in the estate tax exemption (but not repeal), a $10,000 deduction for state, local, sales or property tax (SALT), 100% deduction of cap-ex for five years, maintaining the deductibility of interest from private activity bonds, and a repeal of the individual mandate of the Affordable Care Act (ACA). In this report, we review the effects of the final provisions and cover next steps for Congress as we head into 2018.
Congress has cut back some of the loopholes married couples once used to enhance their lifetime household Social Security benefits, restricting it to a dwindling pool of near-retirees. But that doesn’t mean claiming your Social Security benefits is a no-brainer.
By understanding how Social Security benefits and spousal benefits are calculated, you can make an informed decision when retirement comes. The Social Security Administration itself says there’s no “best age” to file, just the age that fits your retirement goals.
A few things to consider, and some links to Social Security’s helpful website:
http://jsingletonfinancial.com/wp-content/uploads/2017/12/BlogPostSocialSecurity.jpg300900Angela.Cook@raymondjames.comhttp://jsingleton.wpengine.com/wp-content/uploads/2017/05/JSingletonBlack.pngAngela.Cook@raymondjames.com2017-12-19 10:01:012017-12-19 10:37:39What’s the Best Age to Claim Social Security?
Raymond James, Point of View. Defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
October 3, 2017
Americans lose tens of billions of dollars each year to financial fraud. In the digital frontier, many crimes – including identity theft, tax fraud and elder abuse – are committed by online outlaws, making cybersecurity all the more important. As cybercrime becomes more prevalent, learn how to defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
Margarette Burnette is a staff writer at NerdWallet, a personal finance website, provides insight on how toprotect your identity when you travel.
Oct 2, 2017 10:40 a.m. ET
If you’re traveling far from home, you probably want to do all you can to make sure your wallet or purse doesn’t end up in the wrong hands. But according to a recent Experian ProtectMyID survey, 30% of travelers have experienced identity theft while away from home or know someone who has.
http://jsingletonfinancial.com/wp-content/uploads/2017/10/MW-FU881_nerd_i_20170922111518_ZH1-1-1.jpg300900Hadyn.Peery@raymondjames.comhttp://jsingleton.wpengine.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2017-10-09 10:12:522017-12-29 08:57:30How to protect your identity when you travel
Pavel Molchanov, Senior Vice President and Energy Analyst, comments on the United States’ announced withdrawal from the climate change agreement.
June 2, 2017
President Trump yesterday announced – confirming press leaks from earlier in the week – that the U.S. will withdraw from the Paris Agreement on climate change, which was signed in December 2015 and took effect in November 2016. What does the decision to exit mean in economic practice, separate from the PR and diplomatic consequences? Here is the short answer: It means virtually nothing.Press coverage of this issue has (incorrectly) portrayed the president’s decision as an impactful and even pivotal policy step. But it is purely a matter of political symbolism, with no substantive read-through in terms of how energy is produced or consumed in the U.S. market. In particular, we would underscore that the trend visible across the U.S. power sector (coal losing share, natural gas and wind/solar gaining) will not be affected in any sense by the Paris withdrawal.
http://jsingletonfinancial.com/wp-content/uploads/2017/06/2870_l.jpg300950Hadyn.Peery@raymondjames.comhttp://jsingleton.wpengine.com/wp-content/uploads/2017/05/JSingletonBlack.pngHadyn.Peery@raymondjames.com2017-06-06 13:12:082017-06-21 11:44:52US Exit from Paris Climate Agreement Changes Very Little
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