Wealth Management Newsletter | All posts archived in 'December 2018' — Page


From monthly archives: December 2018

We are pleased to present below all posts archived in 'December 2018'. If you still can't find what you are looking for, try using the search box.

12 Days of Tax Tips

By David Frederick, J.D., LL.M., SVP/Director of Wealth Planning, First Bank Wealth Management The end of the year is a time for holidays, celebrations, family gatherings, and New Year’s resolutions. It is also the last opportunity to save on yearly taxes. There are a number of year-end tax strategies and maneuvers that taxpayers can use to potentially save themselves substantial tax, lower their tax bill, or raise their refund next spring. The following are a dozen tips that can help individual taxpayers save on taxes before the year ends. Maximize Retirement Savings Individual Retirement Accounts (IRAs) and Qualified Retirement Plans, like the 401(k), offer substantial present tax savings. A taxpayer may deduct current contributions to these savings plans and benefit from their investments growing tax-deferred, paying tax only when the plans distribute income in retirement. For 2018, an individual may deduct up to $18,500 in contributions to a Qualified Retirement Plan with an add ...

Market Month: November 2018

The Markets (as of market close November 30, 2018) November proved to be a very volatile month for stocks. By the third week of the month, the benchmark indexes listed here had given back just about all of the gains accumulated during the year. However, a spurt during the last week of November helped push stocks higher by the end of the month. Each of the indexes listed here outperformed their October end-of-the-month closing values, led by the large caps of the S&P 500 and the Dow, followed by the Global Dow and the small caps of the Russell 2000. The technology stocks of the Nasdaq edged higher by the close of November, and that index still maintains a sizeable lead year-to-date among the indexes listed here. Nevertheless, investors head into the last month of the year anxiously, as fears of a slowing economy and growing international trade tensions will likely temper expectations for steady stock gains moving forward. Energy stocks have been hit by falling oil prices, and the yield on 10-year Tre ...




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