Brockton Yoder, CFP®

After a narrow passing of the new tax bill in congress with a vote of 215 to 214 votes. The bill heads to the Senate finance committee to be reviewed for possible changes and voting on the senate floor. Here are some parts of the bill you should be aware of:

Definitely depends on what you’re wanting to do, but I would say overall it will allow businesses to scale and hone efficiencies much quicker than what they used to. On the personal side with business owners there could be a greater influx of money for them personally which could lead to more tax aware strategies. Is that what you were asking?

@brock_yoder @brock_yoder, these changes are promising for small businesses. Enhanced deductions can truly inspire growth and innovation. How might this shape investment strategies?

After a narrow passing of the new tax bill in congress with a vote of 215 to 214 votes. The bill heads to the Senate finance committee to be reviewed for possible changes and voting on the senate floor. Here are some parts of the bill you should be aware of:

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Obviously, this is subject to change. However, there is a rush to get this bill passed because of two things: - 2017 tax cuts expiring at the end of 2025 - August government spending deadline which would result in a default if not passed.

▫️ Auto loan interest deductible for vehicles with final assembly in US through end of 2028. Limited to $10,000 with phaseouts. ▫️ *New* tax deferred savings accounts with a $1,000 government contribution for children born after 2024 through end of 2028. Intended for education or housing expenses.

🔻 Temporary Personal Deductions Additions ▫️ Tip income is deductible through end of 2028, excluding highly compensated employees ▫️ Overtime compensation is deductible through end of 2028, excluding highly compensated employees

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To have the majority of your portfolio in those asset classes could cause your portfolio to lose purchasing power overtime Unless inflation beating assets making up a good portion of your portfolio.

The hidden variable that plagues investing but is often not considered when discussing retirement and returns. Inflation.