Page 25 - Leisure Living Magazine Spring 2017

Okay, The Election Is Over, Now What?
By Christopher McIntire, President, McIntire Retirement Services www.mcintireretirementservices.com
Happy 2017 to all of you! Let’s start with a quick synopsis of 2016 before we indulge in what could be 2017.
We started 2016 with a stock market in serious decline last January. Thankfully the cliché of, “so goes January, so goes the rest of the year”, did not ring true and markets closed at record highs as investors put money to work after the Brexit vote and our own historical election.
Where can we go from here is always the “elephant in the room” question. President Trump has pledged less financial regulation on the banks so they can begin to lend more and (potentially) increase economic activity. We have one party leading all three branches of government and tax relief has been pledged to individuals as well as corporations. If we see dollars parked offshore to avoid taxes at the corporate level return, we could see tax revenues increase and also a move toward a more business friendly environment with fewer corporations leaving for tax havens around the globe.
We’ve also heard of an “infrastructure package” to not only fix bridges, tunnels, and highways across the US, but to also provide a stimulus for the economy. Let’s face it, it won’t be as fast as simply cutting interest rates or other forms of “quantitative easing” that the government has done in the past, but a decade long package to rebuild American highways
could add some high paying construction jobs and help US steel companies as well as machinery companies that build bulldozers, dump trucks and what not.
As someone that pays over one thousand dollars a month for health insurance, I am hopeful that we will get a comprehensive package to reduce the costs of health care for all Americans. That would be the equivalent of a tax cut or a stimulus directly putting more money in all of our packets.
President Trump pledged not to disturb Social Security or Medicare but let’s be real; these entitlements need some attention to keep the promises made to all of us that participate in the funding of them. Just my two cents here, I could easily see some tax increases to “shore up” these huge programs which provide benefits to those that benefits are promised. Who wouldn’t breathe easier by having these programs on solid financial footing anyway?
The future looks bright for smaller less restrictive government and to unleash the potential that American Entrepreneurs have to offer. Every once in awhile Washington needs a recession of their own!
Thanks for reading folks!
Investment advisory services offered through Brookstone Capital Management, LLC. (BCM), a Registered Investment Advisor. BCM and McIntire Retirement Services are independent of each other.
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