The general interest in environmental, social, and governance focused (ESG) investing has recently increased in popularity. ESG investing, sometimes referred to as “socially responsible investing” (SRI) strategies, are used to evaluate the sustainability and responsibility of public companies, as well as their societal impact.
The year 2018 was the first year with the Tax Cuts and Jobs Act tax rules in action. The results of these new tax rules were impactful for many households, especially when considering the deductions – standard vs. itemized. Fewer people itemized deductions in 2018.
This bunching strategy of alternating between the standard deduction one year and itemizing the next, is designed to maximize the total tax deductions taken over a rolling 2-year period.
On Friday, December 20th, 2019, the Setting Every Community Up for Retirement Enhancement Act, aka the “SECURE Act,” was passed into law by Congress, tied to crucial legislation needed to keep the government funded and open.
It was the most impactful piece of retirement legislation passed in the last ten years, and the implications of the Act are just now being parsed, interpreted, and understood by the financial services industry.