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On this episode of the Planned Solutions Financial Review Podcast we discuss, The 2017 Tax Act gave the US stock market a boost as corporate taxes were reduced and after-tax earnings increased. Today the Tax Act continues to support stock prices in the form of corporate stock buybacks as corporations have been able to access money that was stashed overseas to return it to shareholders. The pace of these buybacks will be more and more important in the future as they have become an important source of demand for stocks. And, Margin debt, the amount of money investors borrowed using their investments as collateral, has declined sharply since 2018 and has been flat in 2019 despite the stock market recovery. This may be a sign that investor’s confidence that the current market cycle will continue is declining adding yet another factor that should be monitored closely for signs that the stock rally may run out of steam. Also,Interest rates, and thus Mortgage rates, are once again at ultra-low levels when compared to long-term historical norms. In some cases, mortgage rates are once again below 4%. These low rates make this a good time for homeowners to review their mortgage rates and determine if they will benefit from refinancing to lower their rates. Lower mortgage rates are even more attractive for many people given that a large number of taxpayers are no longer benefiting from the mortgage interest tax deduction. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase has been the President of the Rancho Cordova Rotary Charitable Foundation for the past four years. The Foundation provides scholarships to high school students, grants to local organizations seeking to fund community projects, and in-kind donations to the local food locker. Recently, the Foundation announced that it will be funding five grants this year as a part of its Home Town Hero Grant totaling more than $11,000 in total. The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ. To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #interestrate #bonds