This year Trump’s tax code will get its first real test. What will Americans find in the results?

The new tax code is a year old now and people will see the results of it in their tax returns the next few months. High income non-business owners living in states with high income and property taxes may not find themselves too happy with what they see, but for the rest of America it is definitely a tax cut. Today I explain the difference between an economic recession, a revenue recession and an earnings recession. Other topics include:

• How to approach tax free vehicles such as Roth IRA and 401k
• Financially surviving divorce

 

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.