During the last week of January, Rick, Andrew and I all headed to Orlando, Florida for the TD Ameritrade Institutional annual conference. For three days we attended informative sessions on cutting-edge technologies, heard from notable economists and business thinkers, and met many of our current vendors to ask questions.
It’s really boring.
Last weekend I had the good fortune to meet up with several of my good friends from high school. There were about eight of us that were band geeks and we were a pretty tight group during our high school years. We were brought together by the passing of one of our close friends, Charlie, who always made us smile and laugh in the best sort of way.
Growing up I was never a ‘sports guy.’ My experiences with competitive sports were not good. My first foray was in sixth grade when I was on my elementary school basketball team. My school principal, Mr. Schillinger, encouraged me to play I think because I was one of the taller kids in my class. I was a lanky and pretty uncoordinated kid.
How did your taxes come out for 2018? Did you pay what you expected last year?
At the beginning of 2018 there was a reduction to the payroll tax rate as part of the new tax law. While this increased take home pay for workers, it caused some taxpayers—for the first time—to have to make a payment with their 2018 federal income tax return.
The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law on Friday, December 20th.
Given that many of these changes become effective on January 1, 2020, I wanted to get some information out that walks through the major changes created by the new law.