Tax Strategies – Ways to Save on Your Capital Gains
Recently, there has been increased discussion over tax rates in the U.S. following the Tax Cuts and Jobs Act of 2017. More frequently, the rhetoric coming out of Washington indicates that we could see an increase in taxes once the current legislation sunsets at the end of 2025. If that were the case, Congress could increase both ordinary income tax rates as well as capital gains tax rates.
(more…)Read MoreAutomated Asset Management Program
WESCAP Group Introduces New Automated Asset Management Program for Smaller Accounts.
(more…)Read MoreEconomic and Investment Outlook for 2019
This year we wish to focus on the main questions investors seem to asking coming into 2019: Is a recession coming? What does this mean for investments?
(more…)Read MoreHousing Market Update
In an effort to control inflation, the Federal Reserve continues to tighten monetary policy by increasing interest rates. Higher interest rates increase the cost of mortgages, which, in turn, decrease demand. Over the past two years, long-term mortgage interest rates have risen by 1.17%, raising the average monthly payment by 15.1% for the same principal balance, as shown below. (more…)
Read MoreThe Fiduciary Rule Struck Down: Whom Do You Trust to Look After Your Investment Assets?
In March 2018, a U.S. Circuit court struck down the Fiduciary Rule – a rule which required financial advisors to act as “fiduciaries,” or act in the best interest of clients, with respect to their retirement assets. The Department of Labor’s Fiduciary Rule was first proposed in 2010, later ratified in 2015, and was scheduled to go into effect as of June, 2018. (more…)
Read More