January 2019 -- Issue #16
A Word from the CEO

After nearly 10 years of consistent growth, one of the longest periods of economic expansion in U.S. history, we now face a period of uncertainty. What can we expect going into 2019? To answer that question, our 2019 Investment Outlook takes a look at what experts at Fidelity, Goldman Sachs, T. Rowe Price and Vanguard are saying. We chose these firms because they are all investment managers whose funds the JRB offers.

In this issue, we also continue our series on Investment Fundamentals with a look at some of the benchmarks the JRB uses to track the performance of the stock mutual funds we offer. Learn what segment of the market each benchmark reflects and which types of companies each benchmark includes. Understanding benchmarks will improve your understanding of the asset allocation and performance of your portfolio.

Beginning January 1, 2019, the IRS raised the mileage rates for those who use their vehicle for business, charitable, medical or moving purposes. We provide the new mileage rates below.

To answer questions about the articles in this newsletter or to discuss your financial plan, please set up an appointment to speak with me or call 888-JRB-FREE (572-3733).

2019 Investment Outlook
See what analysts from Fidelity, Goldman Sachs, T. Rowe Price and Vanguard predict for the economy and investments in 2019.
Investment Fundamentals:
Understanding Market Indices
The JRB uses market indices to benchmark the performance of the mutual funds we offer. Learn more about what these indices measure and what they mean.
IRS Increases Mileage Allowance
On January 1, 2019, the standard mileage rates approved by the IRS increased to:

  • 58 cents/mile driven for business use;
  • 20 cents/mile driven for medical or moving purposes; and
  • 14 cents/mile driven in service of a charitable organization.
Los Angeles: On January 28-29, meet with Mitchell Smilowitz at the Courtyard Los Angeles Sherman Oaks. Schedule an appointment.

Baltimore-Washington, DC: On January 28-30, meet with Douglas Spangler, JRB Director of Operations and Technology, at the 67th Annual JEA Conference in Hyattsville, MD. Schedule an appointment.

Make an appointment to speak with Mitch to discuss how to achieve your financial and retirement goals.