2017 Outlook and Planning

As a result of the election, we are no longer bullish on emerging markets (EMs) assets.

We remain neutral to positive on U.S. equities.

Now is a great time to review and rebalance your investment accounts, as well as review your financial plan. If you sold any investments as a loss in a taxable account, you can deduct up to $3,000 in losses for the year. Remember, you cannot deduct losses in retirement accounts.

Want to review your portfolio, update or create a financial plan? Click "Book a meeting".


Non-Retirees: Are you on track to max out your retirement accounts this year? Why not take a moment to bump up your 401(k) contributions or make a contribution to your Roth IRA? You have until April 17, 2017 to max out your IRA, Roth IRA, and HSA, but do it early so you free up cash flow for 2017!

Deadline for Required Minimum Distributions (RMDs): Clients who are 70½ or older must take an RMD from their IRA and/or their QRP (Qualified Retirement Plan) for the 2016 tax year. All RMDs must be withdrawn by December 30, 2016, with the exception of RMDs for clients who turned or will turn 70½ during this calendar year; these clients may defer their first distribution until April 1, 2017. 

Find other contribution limits and more at http://www.blackoakwm.com/contribution-limits-2016/

Phillip Hanks