Is the longest expansion in American history about to expire? A time-honored financial indicator recently sparked more interest in that question, but concerns over the economy’s direction had been growing for several months. True, the headline data suggest there is little to worry about. After staging a deceptively strong 3.1 percent growth rate in the first quarter, gross domestic product slowed to a still-respectable 2.1 percent annual rate in the April-June period. Most private forecasters expected the economy to downshift from the vigorous pace seen in 2018, which was stoked by tax cuts and increased government spending. That fiscal thrust is now waning and will provide even less, if any, support next year. But until fairly recently it was widely believed that the economy could sustain growth in the neighborhood of 2.0 percent or so through at least next year, which would be consistent with the nation’s growth potential. September 2019 Economic and Financial Digest
Keeping the Right Records: A Guide to Post-Tax Filing Document Retention
You’ve just finished filing a tax return. With a sense of relief, you set aside a copy of your return and your supporting documents. But
March 18, 2023
Laurene Brooks joined Legacy in 2004, shortly after the company’s inception. She earned undergraduate degrees in journalism and Spanish, and her Juris Doctor (JD) designation from Marquette University. Laurene has over 30 years of experience in law and relationship management. In addition to assisting clients with financial management and estate planning, Laurene is Legacy’s senior fiduciary officer. In addition, she was a member of the Real Property, Probate, and Trust Division of the Wisconsin State Bar for 10 years and served as chair.
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