Market Roundup: Full Week of Record Territory Highs
For the week, favorable corporate earnings reports and a 2.6% annual rate of growth for the fourth-quarter GDP helped buoy investors’ confidence in equities. The market kicked off the week with indices again closing in new record territory on Monday. Stocks stepped up as the Senate arrived at a deal to resume full government activity.
Repeal of Recharacterization
The Tax Cuts and Jobs Act repealed the ability to recharacterize a Roth conversion. hensslervideo_personal_finance
Immediate Tax Benefit for Capital Expenditures
This week on “Money Talks,” Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by Tax Manager John Dickson, C.P.A., CFP®, CVA, to discuss some immediate tax benefits for businesses, including a doubled Section 179 and 100% first year bonus depreciation.