To achieve your financial goals, your financial plan should be reviewed periodically to ensure it accounts for personal as well as macro-economic changes. This could not be more relevant given the recent passage of the Tax Cuts and Jobs Act. In fact, a recent poll conducted by the AICPA (American Institute of Certified Public Accountants) found that “three in five Americans said they’re very or somewhat likely to change their personal financial plans†as a result of the new federal tax law.
As you discuss your specific needs with your personal financial planner, the following article from the Journal of Accountancy details three strategies you may want to consider.
If you have any questions regarding the article or other issues related to your financial plan, please contact Paul Madrid at REDW Stanley.
Related: How the Tax Bill Impacts Homeowners
