Why you shouldn’t retire in 2018

The FED released the upcoming projections for 2018 on Tuesday, causing a stir on Wall Street. President Trump’s retirement tax bill that is planned to be submitted to the House in January is playing a huge part in these projections. Investments groups like ING and Morgan Stanley who handle large retirement accounts and hedge funds seem to be hit the hardest on this new tax. Walter Trapineze of ING came out yesterday with this comment, “We at ING are concerned with these projections, and it’s another way the FED is holding people back from retirement”.