Most provisions are set to take effect in 2018, but many of those are also set to expire or sunset in 2025. Here's a summary of what it means for tax rates, deductions, mortgages, and more. 1. Reductions in individual tax rates. The bill retains the current structure of seven individual tax brackets, but lowers five of them. [...]
At the beginning of 2017, a common view among money managers and analysts was that the financial markets would not repeat their strong returns from 2016. Many cited the uncertain global economy, political turmoil in the US, implementation of Brexit, conflicts in the Middle East, North Korea’s weapons buildup, and other factors. The global equity markets defied their predictions, with major equity indices in the US, developed ex-US, and emerging markets posting strong returns for the year.