This edition of Fairman Group Perspectives highlights the PMI decline and economic impact, the need for life insurance, Medicare Open Enrollment, and more! Learn about the latest news affecting your financial life.
The PMI, which tracks manufacturing production, orders, employment, and inventories, is considered a leading economic indicator. Manufacturing contractions have often preceded economic recessions, but the structure of our economy has changed with services carrying much greater weight.
Useful income tax rate charts for individuals, trusts, and estate planning purposes for 2019. View the charts here.
There is still time to implement some great tax planning ideas for 2019. While many planning tools remain similar to last year, the IRS has issued new guidance that could affect your tax situation. Learn more about Charitable Contributions, Standard vs. Itemized Deductions, Medical Expenses, Standard Mileage Rates, Qualified Business Income Deduction, New Guidance Regarding Virtual Currencies, Estimated Tax Payments, Capital Gains/Losses, 2019 Bonus, Passive Activity, 529 College Savings Plans, Gifts.
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