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Thus far in 2017, an important shift has taken place in this economic cycle. The Federal Reserve has shown increasing trust that the economy has recovered and that market forces can keep it steady. Fiscal policy may now provide the backstop to the economy that monetary policy has provided throughout the expansion. The gauges say growth engines and market drivers may have changed: power down monetary policy, power up business fundamentals, and potentially take fiscal policy and economic growth off standby.

Here are the key themes LPL Research will be watching as we look ahead to the rest of 2017:

Monetary policy: Slow path to normalization. Maintaining economic growth without extraordinary central bank support will be key.

Business fundamentals: Now taking control. A focus on well-run businesses with the potential for earnings gains may favor active management.

Economic growth: Confidence not enough, yet. Business and consumer confidence has improved, but greater policy clarity may be needed to spur growth.

Fiscal policy: Pro-growth potential, but when? Fiscal policy support remains likely, but the timetable may be pushed back to 2018.

View the complete Midyear Outlook: A Shift In Market Control featuring forecasts for stocks, bonds, and the economy, as your guide for the remainder of the year.

Looking for Ways to Boost How Much You Save for Retirement?

 The Voluntary Contribution Program (VCP) is a Federal program that allows CSRS and CSRS offset employees the ability to contribute 10% of their lifetime earnings under CSRS.

  •    Once you have contributed funds to the VCP, you can rollover the after-tax portion to a ROTH IRA, where any growth is tax-free.*
  • This program is not available to FERS employees or in the private sector. It is specifically for CSRS employees.

 To discuss the program further and to get a better understanding of the advantages of this unique program, click here to schedule a brief, complimentary call with an advisor to learn more.

*The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax

Reston Wealth Management Featured in Local Magazine 

“There’s a lot more to managing a family’s finances than just return on investment,” says Bob Tucker, founder and president of Reston Wealth Management. “There’s so much more that goes into a family’s financial affairs than just their investment portfolio.”

We are thrilled to share with you that Reston Lifestyle Magazine has published a piece about Bob and our business here at Reston Wealth Management. Click here to view the article or here to see the entire magazine. You can also pick it up in print in various locations throughout Reston, Herndon, Sterling, Oak Hill, Centreville, Chantilly and Great Falls.

No strategy ensures success or protects against a loss. LPL Financial is the nation’s largest independent broker/dealer in the US, as reported by Financial Planning magazine, June 1996-2015, based on total revenue