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Quarterly Considerations 06/30/2018

Corporate Plans

Saving More – Contribution levels impact retirement outcomes more than investment selection, and, in response, more companies are now auto-enrolling at a 6% default level rather than at a 3% level, according to a recent T. Rowe Price survey.  Ask us about this feature and other innovative ways to boost employee retirement savings.

DB Tax Break – Pension contributions made through mid-September can be deducted from 2017 income tax returns when the corporate tax rate was still 35%.  It’s an opportune time to consider “topping off” pension contributions prior to the deadline to realize a valuable tax break.

Private Clients

Margin Outlook With the increasing Fed Funds Rate, margin interest rates are also on the rise. Our firm is here to help you assess the cost or benefit to retaining any current margin balances and to implement potential margin payoff strategies.

Cash on the Rise Following the most recent rate hike, the Federal Reserve is now targeting a range of 1.75% to 2.00% for its benchmark Fed Funds Rate, with further rate increases anticipated through next year. Our firm has helped private clients and business owners implement ‘enhanced cash’ solutions that target higher yields. Please contact us if you are interested in learning more about higher yielding options for excess cash.

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