The GOP Tax Plan would be good for your 401(k)


Tax reform is a key for 401k plans. If republicans can pass tax cuts, the stock indices will continue to climb.

America's Money Answers Man Jordan Goodman says he's optimistic.

"I think we're gonna end the year over 24,000 on the Dow, tremendous momentum here; earnings have been coming through very strongly, the prospect of tax reform, particularly for corporations is very positive; world economic growth is kind of synchronized, interest rates are staying low -- so I think we've got a lot of momentum, further, on the upside here."

Goodman says if you're older you should stay the course with your 401k, but if you're younger you should put the pedal to the metal.

"Particularly if you're in your younger years I think you want to be aggressive -- at least do the S&P 500 and possibly do small caps -- small cap stocks would benefit even more through the tax cuts that they're talking about."

 For older 401k investors, Goodman says stay the course. He says the fundamentals of the economy are strong, particularly if the GOP tax plan is passed.


Sponsored Content

Sponsored Content