The Markets (as of market close May 12, 2017)
Lackluster economic data (weak price gains and import prices that are outpacing export prices), coupled with some not-so-strong quarterly corporate earnings reports, kept trading down last week. Only the Nasdaq posted weekly gains as each of the benchmark indexes listed here lost ground against their respective prior week's values.
By Sarah Brenner, IRA Analyst at Ed Slott*
On April 26, 2017, the Trump administration released its highly-anticipated tax reform plan. The administration said the goals of the plan include growing the economy, creating jobs and simplifying the tax code. The changes proposed are significant and if passed could have a major impact on your retirement planning.