On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, which is set to be the most significant overhaul to the US Tax Code in more than 30 years. The effective date of the legislation will be January 1, 2018. The legislation will have major implications for businesses and individuals; however, depending on your unique tax situation, the outcomes may vary drastically. While the bill contains hundreds of changes, I’ve outlined below some of the changes most likely to impact businesses and their owners.
The Millennial Guide to Financial Health
If you have picked up the paper or opened your favorite periodical this year, chances are you have read an article or two dedicated to the millennial generation. Articles on the who, what and why of this highly publicized generation are popping up like Nintendo gaming systems did in the 80’s and grunge rock bands in the 90’s. So why are they getting all this attention? Simply put, there are a whole heck of a lot of them. Roughly 80 million to be exact and they will quickly surpass the baby boomers to become the largest generation in this country.
As a millennial, myself, who works with this next generation to help them establish healthy financial habits, I thought it would be helpful to provide my top three tips for millennials to create financial freedom as we start to think about our 2018 resolutions.