Brockton Yoder, CFP® @brock_yoder

Advisor | Working with business owners and high earning individuals | Tweets ≠ advice | Indianapolis, IN Joined August 2015

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Brockton Yoder, CFP® @brock_yoder

a year ago

Definitely depends on what you’re wanting to do, but I would say overall it will allow businesses to scale and hone efficiencies much quicker than what they used to. On the personal side with business owners there could be a greater influx of money for them personally which could lead to more tax aware strategies. Is that what you were asking?

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Brockton Yoder, CFP® @brock_yoder

a year ago

After a narrow passing of the new tax bill in congress with a vote of 215 to 214 votes. The bill heads to the Senate finance committee to be reviewed for possible changes and voting on the senate floor. Here are some parts of the bill you should be aware of:

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Brockton Yoder, CFP® @brock_yoder

a year ago

Thanks for reading to the end! If you haven’t already, follow to see more weekly value-add financial strategies and advice. Feel free to message me direct or click the link in my bio to schedule a consultation.

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Brockton Yoder, CFP® @brock_yoder

a year ago

Obviously, this is subject to change. However, there is a rush to get this bill passed because of two things: - 2017 tax cuts expiring at the end of 2025 - August government spending deadline which would result in a default if not passed.

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Brockton Yoder, CFP® @brock_yoder

a year ago

▫️ Auto loan interest deductible for vehicles with final assembly in US through end of 2028. Limited to $10,000 with phaseouts. ▫️ *New* tax deferred savings accounts with a $1,000 government contribution for children born after 2024 through end of 2028. Intended for education or housing expenses.

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Brockton Yoder, CFP® @brock_yoder

a year ago

🔻 Temporary Personal Deductions Additions ▫️ Tip income is deductible through end of 2028, excluding highly compensated employees ▫️ Overtime compensation is deductible through end of 2028, excluding highly compensated employees

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Brockton Yoder, CFP® @brock_yoder

a year ago

Thanks for reading! Follow or send a connect to see more weekly financial strategies and advice. Feel free to send a direct message or click the link in my bio to schedule time to talk more in depth.

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Brockton Yoder, CFP® @brock_yoder

a year ago

To have the majority of your portfolio in those asset classes could cause your portfolio to lose purchasing power overtime Unless inflation beating assets making up a good portion of your portfolio.