Jim Hiles is a Senior Partner of First Capital Advisors Group, LLC and First Capital Investment Partners, LLC. As with all laws, the new Tax Bill has unanticipated results, especially if you’re a Baby Boomer. Some of the money will go back to productive assets and investment. Boards will be under pressure to put cash to work to achieve a higher rate of return. Baby boomers who are retiring at the rate of 10k per day will be positively affected, if they’re invested in equities. The equities bull market will be prolonged. Since many Boomers will be living well into their 90’s, traditional investment planning has to change. That could very well mean taking more risks to achieve a higher return. But it will come at a cost.
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