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You can find reports from our Investment and Research team, timely and informative financial planning topics from our Wealth Management team, and deeper dives on various important topics in our white papers from any team member. Read online, share with friends, or download for your convenience.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

In honor of President’s Day, we focus on this quote as one of the timeless elements of the American story.

The new Tax Cuts and Jobs Act could change the way IRA owners take their Required Minimum Distributions (RMDs) once they reach age 70 ½. Although the Qualified Charitable Distribution (QCD) already was a viable option before the tax proposal became law in late 2017, the act does make QCDs a more attractive choice now than before for some people.

Although it can be difficult to plan for aging, it’s important to give consideration to how you would like to receive care in the event of a dementia diagnosis. According to a recent study, the lifetime risk of dementia at age 70 is 30.8% for men and 37.4% for women1.  Taking steps to create or clarify your plan before a dementia diagnosis occurs is important for your physical, emotional, and financial well-being.

Brad McMillan CFA

For those of you who were unable to join us for our Quarterly Market Update at Selby Gardens on January 25th, we had the pleasure of hearing a presentation from Commonwealth’s Chief Investment Officer, Brad McMillan CFA®, CAIA, MAI. Brad is a frequent commentator on financial markets, U.S. economic policy, and the global economy for a range of media outlets, including the Wall Street Journal, CNBC, CNN International, Barron’s, and Bloomberg News. Brad’s presentation, entitled “Beyond the Numbers,” covered a range of topics, primarily examining the current state of the U.S. economy and what the next couple of years may look like.

College Savings

The recent Tax Cuts and Jobs Act adds exciting new options for owners and beneficiaries of 529 College Savings Accounts.  These accounts may now be used to pay for K-12 private education expenses in addition to qualified college expenses. Additionally, 529 account balances may now be transferred to 529ABLE accounts, designed for disabled beneficiaries to use without impacting government funded benefits such as Medicaid, through a tax-free rollover.

With 2017 now in the rearview mirror and our sights set on what lies ahead in 2018 and beyond, I wanted to take some time to recap the markets in 2017.


The first reading of Q4 GDP growth came in slightly below estimates at 2.6%, but the underlying details of the report showed that U.S. economic growth remains on solid ground. The weakness of the headline number was driven entirely by a drawdown in inventories and a surge in imports, which are unlikely to be sustained moving forward.

Every January the Allegiant Investment Committee gathers for an annual Economic and Investment Outlook Summit.

The focus of this year’s three-day summit included three major topics:

  • Current economic and investment conditions
  • Expectations for the year ahead
  • Longer-term trends that could impact the future of economic and investment activities