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NEWS YOU CAN USE

September 2017
Market Update


The September 2017 Market Thoughts video is now available on our website. Brad McMillan, Commonwealth's CIO, recaps a solid month for the economy and financial markets. International markets were mixed in August, but U.S. markets were up across the board, despite rising tensions with North Korea and the effects of Hurricane Harvey. Plus, retail sales came back, employment grew, and consumers seemed willing and able to spend. Should we expect growth to accelerate going forward, and what's the potential effect of the debt ceiling? 
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National Life Insurance Awareness Month
 
September is National Life Insurance Awareness Month.  While many of us recognize the importance of protecting loved ones with insurance, many of us lack adequate coverage.  For those who do have coverage, it is important to read and understand your life insurance policy so you know your rights and obligations under the contract. 
Tax Planning Tips:  Life Insurance
 
Understanding the importance of life insurance is one thing. Understanding the tax rules governing the taxation of insurance products is another. This article contains life insurance tax tips as well as background information that will help you make sense of it all. 
Catching Up on College Savings
 
With each passing day, college draws closer and investing time horizons grow shorter. Even if you are getting a later start and are looking to catch up, it is never too late to start
saving for college. The 529 Advisor-Guided Plan brochure, " Catching Up on College Savings", contains information from tax strategies to reducing out-of-pocket costs.
Choosing a College Savings Plan
 
With so many 529 plans to choose from, how do you choose the best plan for you?  Before selecting a plan, consider all the options, including ownership and beneficiary rules, tax considerations, and contribution rules, just to name a few.