Advisor.Investments - July 2018

Our periodic communication that reminds you to ask, “Should I react to those headlines?”

2018 Updated Contribution Limits

            We often find ourselves being asked… What is the max amount that I can contribute this year to my retirement plan?  For that reason we wanted a handy place to turn, and thought you might want to glance at the brackets prior to yearend.

2018 maximum contributions to 401K and 403B retirement plans

            The limit has increased from $18,000 to $18,500.  If you are over 50 you may add $6,000 for catch- up funding.

2018 IRA (Individual Retirement Arrangements) max contribution limits

            The maximum amount of contribution to a traditional IRA is unchanged at $5,500.  The catch- up limit for those over 50 is $1,000.  There are phase- outs regarding IRA contributions see next section.

2018 IRA phase out information

            If either the tax payer or their spouse was covered by a retirement plan at their work, the deduction for a traditional IRA maybe phased out or eliminated.

            For single taxpayers the phase out range is now $63,000 to $73,000.

            For married taxpayers, where the spouse making the contribution is covered, the phase out range is now $101,000 to $121,000.

            For married taxpayers, where the spouse making the contribution is not covered, but the other spouse is, the phase out range is $189,000 to $199,000.      

2018 Roth IRA phase out information

            Single tax payers Roth phase out range will be $120,000 to $135,000.

            Married tax payers Roth phase out range will be $189,000 to $199,000.

             This piece is not meant to replace doing actual tax projections and research, nor a full description of the tax law regarding retirement accounts.  If you have serious financial decisions to make, we highly recommend getting with a tax professional prior to making any changes.

See you next time.

James Pope

Please remember to contact Diversified Investment Strategies, LLC dba Advisor.Investments, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, to modify any reasonable restrictions to our investment advisory services, or if you wish to direct that Diversified Investment Strategies, LLC DBA Advisor.Investments to effect any specific transactions for your account.  A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available upon request.

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Diversified Investment Strategies, LLC dba Advisor.Investments), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Diversified Investment Strategies, LLC dba Advisor.Investments.  To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing.  Diversified Investment Strategies, LLC DBA Advisor.Investments is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice.  If you are a Diversified Investment Strategies, LLC dba Advisor. Investments client, please remember to contact Diversified Investment Strategies, LLC dba Advisor.Investments, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. A copy of the Diversified Investment Strategies, LLC dba Advisor.Investments current written disclosure statement discussing our advisory services and fees is available upon request.

Advisory Services through Advisor.Investments • A doing business as name of Diversified Investment Strategies, LLC, an SEC Registered Investment Advisor • Insurance Services through Advisor.Investments

Main Office and Mailing Address:  11939 Bricksome Avenue, Baton Rouge, LA 70816

Voice: (225) 292-0687 ~ Fax: (225)292-0006 ~ Toll Free: (866) 748-0687