If the Dow closes above 20,000 today, does it matter to investors? Jeff Brown of CNBC talks with market analysts about its relative significance. Many are nervous about staying invested, given the current market uncertainty. Jeffrey Kleintop of Charles Schwab shares his views on the situation facing investors. Republicans have set a January 27 deadline to repeal the Affordable Care Act. If that happens, in addition to the health care rules that will be affected, there are several tax laws to consider. Tim Steffen summarizes the changes for Advisor Perspectives.

Dow 20,000: Its Insignificance May Rival Its Importance–  The Dow Jones Industrial Average has finally hit 20,000, and if it closes above that mark on Wednesday, it will surely be a market milestone.  “What matters is not where the Dow is, or how round that number is, but how one’s own portfolio of investments is doing,” said Michal Strahilevitz, behavioral economist at Duke University’s Center for Advanced Hindsight. “For the wisest of investors, that will include a diverse range of index funds and such and not just a fund that tracks the Dow.” Read more…

Five Reasons To Stay Invested Despite Heightened Uncertainty–  If markets hate uncertainty, the current combination of political and interest rate uncertainty should be upsetting to markets.  Here are five reasons to stay invested despite the heightened uncertainty according to Jeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab. Read more…

The Tax And Financial Planning Impact Of Repealing Obamacare–  President-elect Donald Trump and the new Republican-controlled Congress made it clear early on that repealing the Affordable Care Act (ACA) would be one of their top priorities.  The repeal process could result in a blanket repeal of the entire act, rather than just eliminating specific provisions. If that’s the case, there will be a variety of health and non-health related rules that will be affected, including several tax laws. Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

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