two hands holding pens pointing at a graph

News & Resources

Smart Advice Insight

Washington Trust Wealth Management Blog

rss

Timely advice & commentary about investing, taxes, financial planning and more.


Spring 2018 Perspectives and Planning: Economic Outlook
By Washington Trust / April 13, 2018
There are no major changes to our forecast. The U.S. economy remains in solid shape and we maintain our call for real GDP to expand at a 2.5% to 3.0% pace in 2018 with the upper end of this range now looking more likely. Inflation is gradually accelerating and is likely to hit the Federal Reserve target of 2.0% (as measured by core PCE) this year as the Fed now concedes. Hiring continues to be robust and we acknowledge that job creation could exceed our 1.8 million estimate. As such, we expect a rebound in consumer spending after sluggish growth in the first quarter.

Maximizing Your Options for IRA Fee Payment – What’s New
By Washington Trust / April 13, 2018
The recently enacted Tax Cuts and Jobs Act, signed into law on December 22, 2017, makes numerous changes to the rules governing taxation of individuals. One of these changes is the elimination of all miscellaneous itemized deductions, which currently include IRA management fees. If you are an individual paying your IRA fees from non-IRA assets in order to obtain a tax deduction annually, you may want to reconsider this strategy going forward.

The opinions expressed in this blog are those of the author and may not reflect those of Washington Trust Wealth Management. The information in this report has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Any opinions expressed herein are subject to change at any time without notice. Any person relying upon this information shall be solely responsible for the consequences of such reliance. Performance is historical and does not guarantee future results.

Such information does not constitute legal or professional advice as all situations are unique and are based on individual facts and circumstances.

Subscribe to Our eNewsletter
Loading

Washington Trust is a registered trademark, and the "W" logo and Washington Trust Wealth Management are trademarks of The Washington Trust Company.
Weston Financial and Halsey Associates are subsidiaries of The Washington Trust Company.

Not FDIC Insured | No Bank Guarantee | May Lose Value | Not a Deposit | Not Insured by any Federal Government Agency