On September 6, 2018, the MSCI Emerging Markets (EM) Index — which tracks stocks in 24 of the world’s
largest developing economies — dropped 20% below its January high, a level of decline that is commonly
considered a bear market.1 Hong Kong’s Hang Seng Index reached the same negative milestone a few
days later. China’s benchmark Shanghai Composite entered bear territory in June.2Read More
2nd Opinion Service
In this challenging economy, you may be in a complex situation or just unhappy with the advice from your financial advisor—it’s not uncommon. We believe that many successful investors would value a second opinion on their finances.
In order to help people achieve their financial goals, we have created a complimentary second-opinion service. We’re pleased to offer you the same expertise and guidance that our clients have come to expect.Read More
A reminder from TD Ameritrade – Monday, October 15, 2018, will mark three important tax deadlines for tax year 2017:
• Final Deadline for Individual Federal Income Tax Returns: the nationwide final deadline for filing an individual federal income tax return (Forms 1040, 1040A, 1040EZ) for tax year 2017 after having filed for an extension.
For more information, go to When, How, and Where to File on the IRS website.
• Removal of Excess (ROE) and Recharacterization Deadline: the processing deadline for tax year 2017 Removal of Excess (ROE) and Recharacterization requests, as per an automatic extension granted by the IRS. We will process all requests received in good order by close of business October 15 on a best-efforts basis; however, please submit all requests as soon as possible to ensure processing for tax year 2017. Any Prior Year Removal of Excess request(s) processed after the deadline will be reported to the IRS as an after-tax filing. Recharacterization requests received after the deadline will not be processed, in accordance with IRS regulations.
Requests must be received in good order for processing.
If a new IRA is being established to facilitate a Recharacterization, the new account forms must be received in good order.
• SEP and SIMPLE IRA Contribution Deadline: the postmark deadline for Qualified Retirement Plan (QRP), Simplified Employee Pension (SEP) IRA, and Employer Savings Incentive Match Plan for Employees (SIMPLE) IRA Prior Year Contributions, as per an automatic extension granted by the IRS.
Requests must be received in good order for processing. If an internal cash transfer is requested to fund a contribution deposit, adequate cash must be available in the delivering account on or before October 15, 2018.
Please note that as per IRS regulations, TD Ameritrade will report SEP and SIMPLE contributions to the IRS based upon the year we receive them. It is up to the employer to designate the appropriate tax year.
Sincerely, John V. Tovar, Managing Director, TD Ameritrade Institutional
Are you ready to create a plan for living the life you’ve always dreamed about? Contact us today to schedule your complimentary discovery meeting.
Your Guide to Financial Independence
Rick Epple, CFP(r), CeFT (r)
The House of Representatives passed its Tax Reform 2.0 legislation on Friday, and it has the potential to make some pretty significant changes to the already-revised U.S. tax code. Among other things, it would make the individual tax cuts created by the Tax Cuts and Jobs Act permanent and also make significant changes that affect retirement savers.
With that in mind, here’s an overview of what Tax Reform 2.0 would do and where the legislation goes from here.
Full Article: https://www.fool.com/taxes/2018/09/28/tax-reform-20-just-passed-the-house-heres-what-you.aspx?fs_test=False
Source: Matthew Frankel, CFP (TMFMathGuy) The Motley Fool
Are you ready to create a plan for living the life you’ve always dreamed about? Contact us today to schedule your complimentary discovery meeting.
Your Guide to Financial Independence
Rick Epple, CFP(r), CeFT (r)