Congress passed the Tax Cuts & Jobs Act last week, and President Trump signed the bill into law on Friday. The new legislation authorizes major changes to the Internal Revenue Code.
The legislation alters the Internal Revenue Code to a degree unseen since the 1980s, altering income tax brackets, marginal tax rates, key deductions and exemptions, and the taxation of corporations and pass-through businesses.
The Federal Reserve raised the benchmark interest rate by 0.25% last week. Their consensus projection has the federal funds rate at 2.1% a year from now.
Regardless of how young or old you feel at 64, you should make sure to sign up for Medicare. The sign-up period will be here before you know it.
According to the Department of Labor, the U.S. workforce gained 228,000 jobs. Annualized wage growth improved from 2.5% to 2.7%.