“Let our advanced worrying, become advanced thinking and planning”.
-  Winston Churchill; 1874-1965

The U.S. House of Representatives (November 16, 2017) and the Senate (December 2, 2017) each passed their own version of “The Tax Cuts and Jobs Act”.  With completion of the reconciliation process, the final version includes several provisions that warrant attention and possible advanced planning.

“It's a beautiful day in this neighborhood,
A beautiful day for a neighbor.
Would you be mine?
Could you be mine?”
-
From Mr. Rogers Neighborhood; 1967

Such a nice message Mr. Rogers, but, things have changed quite a bit over the years.  What would Mr. Rogers say, half a century later, about a few key neighborhoods?

“To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers went broke.”
- Alvin Toffler; Author of Future Shock; 1928-2016

This note will put the new economy in context, highlight one amazing decade and discuss whether the altered contour is cyclical or secular – with different investment implications to each.  

“Destiny is that which we are drawn towards and fate is that which we can run into”.
-  Wyatt Earp; 1848-1929

Sad conclusion Mr. Earp, but understandable considering your life on the run.  We not only believe in reaching for destiny; our entire business mission is built around guiding you there.  Please consider us your financial shepherd.

This note will address the development of maps and some basic rules for the road.