Financial Advisors Predictions for 2017 .pdf
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Financial Advisors Predictions for 2017
Financial advisors have recently begun compiling and publishing their list of top
predictions for 2017. If you are a member of this industry, or someone who
benefits from receiving and following these financial advisor’s predictions, you’ll
want to pay close attention.
Financial Advisors Predictions for the Year 2017
These are the forecasts for 2017 that much of the industry is prepared to endorse
and closely follow. You should be aware of these predictions. You should also be
prepared to act on the practical advice that they contain.
It May be Wise to Consider Pausing Your 401(k) Contributions
One of the areas in which a financial advisor may surprise you is when it comes to
your latest round of 401(k) contributions. More than a few advisors are
recommending that high-income clients, who have already given the maximum
amount of contributions, should consider suspending them altogether
throughout the first half of 2017.
While unorthodox at first glance, this may well prove to be a wise move. This is
due to the expectation of major tax cuts which are thought to be forthcoming.
Channeling your 401(k) pretax contributions into a taxable brokerage account or
a Roth 401(k) might prove to be the wiser investment strategy.
You Will Need to Comply with the Department of Labor’s New
One of the biggest developments for the year 2017 concerns the passage of the
Department of Labor’s new fiduciary rule. This rule has been a long time in
It is intended to help make sure that millions of American citizens who are saving
for their retirement will be able to have access to investment advice that is truly
in their best interest. The rule is especially harsh regarding any perceived
corruption or “insider knowledge” on the part of financial advisors. As a result,
members of this industry will be on their guard when it comes to complying fully
with the Department’s newest ruling.
Knowing the Latest Predictions is a Matter of Being Prepared to Profit
The more you know about the latest predictions being made by financial
advisors, the better position you are in to profit from them. These predictions
concern you directly, so it’s an excellent idea to find research them carefully.
They will have a direct effect on the way that you invest your money in the
coming year. This means you may have to adjust and rethink the way you handle
your investments, as well as where and when you decide to do so.
The advice of your financial advisor will be key to staying fiscally healthy in 2017.
Be sure to give them your full attention.