Nerd's Eye View

APRIL 21, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some client accounts between (..)

Financial Planner 246

Financial Planner Advertising Taxes Clients 246

Wealth Management

DECEMBER 4, 2023

The IRS has been asking individuals to disclose if they've transacted in cryptocurrency since the 2019 tax year.

Taxes 114

Taxes 114

The Big Picture

OCTOBER 23, 2023

Your grandchildren will blame the toxic combination of incompetency and ideology for the massively increased carrying costs of unfunded spending and tax cuts. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.), just decades later at a much greater cost. All simply unnecessary.

Government 334

Government Economics Taxes Budgeting 334

Abnormal Returns

DECEMBER 8, 2022

morningstar.com) Strategy Six year-end financial moves to consider including 'tax loss harvesting.' youngmoney.co) Why we can never go back to 2019. Markets U.S. gasoline prices are below where they were a year ago. nytimes.com) Checking in on the state of the muni bond market. kyla.substack.com) Americans are getting lonelier.

Financial Advising 245

Financial Advising Media Assets Taxes 245

The Big Picture

SEPTEMBER 29, 2022

to 6% yield or better (according to Bankrate’s Tax Equivalent Yield Calculator ). Despite what you may have heard, the Fed isn’t the only factor driving equity markets. However, they are significant — and rising rates this year have been a headwind for both equities and the economy.

Economy 312

Economy Taxes Marketing Marketing 312

Good Financial Cents

JANUARY 19, 2023

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement.

Taxes 97

Taxes Retirement Accounting Consulting 97

Nerd's Eye View

AUGUST 28, 2023

The announcement of the merger between Charles Schwab and TD Ameritrade in November 2019 kicked off a marathon of preparation for advisory firms to transition their clients on the TD Ameritrade custodial platform to Schwab.

Financial Advisor 246

Financial Advisor Distribution Clients Accounting 246

Wealth Management

JANUARY 30, 2024

Developments from 1999 through 2019.

Valuation 111

Valuation Taxes 111

The Chicago Financial Planner

OCTOBER 21, 2021

This is up from $285,000 in 2019, from $275,000 in 2017 and from $220,000 in 2014. The money goes into the account on a pre-tax basis much like a traditional 401(k) or IRA. This is a great opportunity for those who earn too much to make pre-tax contributions to a traditional IRA. The rising cost of healthcare in retirement .

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

Nerd's Eye View

OCTOBER 25, 2023

In 2019, the SEC released a Commission Interpretation that separated the obligation of RIAs to act in their clients' best interests into separate duties of care (to provide investment advice in the best interest of the client) and loyalty (to eliminate or disclose all potential conflicts of interest with the client).

Fiduciary Duty 246

Fiduciary Duty Commission Clients Accounting 246

The Big Picture

JANUARY 15, 2023

How Walgreens manufactured a media frenzy about shoplifting : In 2019, Walgreens announced it would close 200 stores across the U.S. Binance has an international network of volunteers known as Binance Angels. The influencers are working for company swag but hoping for jobs. Barron’s ). • as part of a larger “cost-reduction” plan.

Engineering 246

Engineering Distribution Manufacturing Media 246

Abnormal Returns

OCTOBER 7, 2023

newatlas.com) Starting in January it will be a lot easier to claim the $7500 EV tax credit. newsletter.abnormalreturns.com) Mixed media Work from home has stabilized at levels way above 2019. (nytimes.com) Despite all the EV hype, hybrid sales are on the rise. npr.org) The price of used EVs has come down. npr.org)

Certification 277

Certification Financial Advising Media Transportation 277

The Big Picture

DECEMBER 11, 2023

billion in 2019, according to the state agency that tracks sales tax. Rachel Michelin, president of the California Retailers Assn., told the San Jose Mercury News that in San Francisco and Oakland alone, businesses lose $3.6 billion to organized retail crime each year. Can that be right? In a word: no.”

Retail 353

Retail Accounting Sales Numbers 353

Carson Wealth

NOVEMBER 3, 2022

And while the holidays are traditionally a time to reflect on our blessings and help those less fortunate than ourselves, there’s another factor influencing the timing of these donations — and that’s the goal of minimizing a tax bill. Three Tax-Advantaged Donation Strategies to Consider. Create a donor-advised fund (DAF).

Taxes 98

Taxes Distribution Accounting Nonprofit 98

Nerd's Eye View

NOVEMBER 20, 2024

Notably, much of the language from the 1986 SEC Interpretive Release was later reiterated in a 2018 SEC Risk Alert and a 2019 SEC Interpretation. The SEC, in its interpretive release, sets an expectation of "periodic and systematic evaluation" (i.e.,

Fiduciary Duty 244

Fiduciary Duty Clients Commission Accounting 244

The Big Picture

MARCH 21, 2023

Bloomberg ) see also In New York City, a $100,000 Salary Feels Like $36,000 : After taxes and adjusting for the sky-high cost of living, a six-figure paycheck doesn’t take you as far as you might expect. In the United States alone, individuals donated close to $300 billion to charity in 2019.

Banking 289

Banking Investments Investing Management 289

Nerd's Eye View

JULY 24, 2024

When the original SECURE Act was passed in December 2019, it brought sweeping changes to the post-death tax treatment of qualified retirement accounts.

Distribution 190

Distribution Retirement Accounting Tax Planning 190

Harness Wealth

MARCH 29, 2023

Below are some insights from Richard Morris, Executive Vice President and Director of Tax Services, and Alex Seleznev, Senior Investment Advisor and Chief Operating Officer of MBI, LLC. And depending on your specific tax situation, you may be paying between 15% and 20% or even more in capital gain taxes.

Tax Planning 52

Tax Planning Taxes Planning Marketing 52

Zoe Financial

APRIL 23, 2023

Stay tuned for next week. – Andres Disclosure: This page is not investment advice and should not be relied on for such advice or as a substitute for consultation with professional accounting, tax, legal or financial advisors. The observations of industry trends should not be read as recommendations for stocks or sectors.

Marketing 98

Marketing Marketing Financial Advisor Wealth Advisor 98

Darrow Wealth Management

AUGUST 8, 2022

The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. The central change the IRS is proposing would impact beneficiaries who inherited an IRA from a non-spouse who were subject to RMDs on the date of death and passed away after 12/31/2019.

Distribution 79

Distribution Taxes Retirement Accounting 79

Nationwide Financial

JUNE 9, 2023

Key Takeaways: The last two years have been marked by the highest inflation rates in decades; your clients saving for retirement can use this to their advantage through short-term investments, tax deferral, and insurance products offering better benefits. This can mean an unexpected tax liability for the uninitiated.

Retirement 98

Retirement Clients Certification Taxes 98

Good Financial Cents

JANUARY 24, 2023

In the normal course, you don’t even need to file any additional tax or reporting documents with the IRS. But that distinction was eliminated for tax years beginning in 2020 and beyond. Tax-deferral of Investment Earnings Both a Roth IRA and a traditional IRA enable your funds to accumulate investment income on a tax-deferred basis.

Retirement Planning 122

Retirement Planning Retirement Taxes Distribution 122

Cornerstone Financial Advisory

OCTOBER 31, 2022

Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Free File is a tax prep software for taxpayers whose 2021 total adjusted gross income was $73,000 or less. Find payment options, including IRS Direct Pay which allows you to pay tax bills directly from your bank account.

Marketing 105

Marketing Marketing Economics Taxes 105

Trade Brains

NOVEMBER 17, 2023

2019-20 5.68 -3.18 Net Profit Margin is fluctuating due to changes in the interest and tax payments as the company business was subdued in the initial days. However, with an exponential growth in Net profits, CAGR growth cannot be compared. Financial Year Revenue (Cr.) Net Profit (Cr.) 2022-23 350.96 2021-22 161.5 2020-21 12.98 -2.37

Government 115

Government Engineering Distribution Planning 115

Getting Your Financial Ducks In A Row

OCTOBER 17, 2022

This original IRA was not deductible from income for tax purposes, and the annual contribution limit was the lesser of $1,500 or 15% of household income. The Economic Recovery Tax Act (ERTA) of 1981 allowed for the IRA to become universally available as a savings incentive to all workers under age 70 1/2. billion by 1981.

Retirement 90

Retirement Distribution Taxes Retirement Planning 90

Darrow Wealth Management

DECEMBER 23, 2022

Congress is once again poised to make sweeping changes to the retirement and tax rules in the last two weeks of the year. After the passing of the original Secure Act in 2019 , lawmakers have been working on enacting more changes. would, for the second time since 2019, increase the RMD age. The Secure Act 2.0 retirement changes.

Retirement 86

Retirement Retirement Planning Distribution Taxes 86

Calculated Risk

SEPTEMBER 16, 2022

See my post in 2019: Don't Freak Out about the Yield Curve ) For the economy, what I focus on is single family starts and new home sales. Also note that the sharp decline in 2010 was related to the housing tax credit policy in 2009 - and was just a continuation of the housing bust. I ignored that pandemic distortion.

Sales 145

Sales Economy Economics Investments 145

Good Financial Cents

DECEMBER 28, 2022

Opening a Roth IRA can be a smart move if you want to invest for retirement and save money on taxes later in life. Contributions to a Roth IRA are made with after-tax dollars, which means your money can grow tax-free. For example, if you’re under the age of 49 you can contribute a maximum of $6,500 for the 2023 tax season.

Distribution 105

Distribution Taxes Retirement Accounting 105

Carson Wealth

DECEMBER 27, 2022

Act has passed, making it the largest retirement legislation since the original Secure Act hit in the late 2019. Starting in 2027, the Saver’s Match tax credit will be enhanced to provide a match into a retirement account for those with lower income who choose to save. By Jamie Hopkins, Managing Partner, Wealth Solutions. The SECURE 2.0

Retirement 98

Retirement Retirement Planning Distribution Taxes 98

Darrow Wealth Management

JANUARY 30, 2023

Here are some tax planning strategies to consider when you should start drawing from your IRA. Tax planning strategies for required minimum distributions Tax planning shouldn’t stop when you retire. Retirees in a low tax bracket for the year have several planning options to consider.

Distribution 81

Distribution Tax Planning Retirement Taxes 81

Good Financial Cents

APRIL 1, 2023

That will give you a combined contribution of $13,000, which will also be fully tax-deductible. In theory, the purpose is to exhaust the plan within your lifetime, providing the IRS with its expected tax revenue. If either of you are, tax deductibility may be either limited or eliminated completely. Ads by Money.

Planning 95

Planning Distribution Taxes Retirement Planning 95

Nationwide Financial

APRIL 28, 2023

One of the biggest lessons all states learned from WA is how many people are willing to buy LTC insurance if it will get them exempted from a tax! WA employees will pay a mandatory 0.58% payroll tax – which will purchase $36,500 in total LTC benefits (with potential inflation). What may be coming next with other states?

Insurance 105

Insurance Taxes Clients Numbers 105

Good Financial Cents

MAY 1, 2023

The contributions made to the account may be tax-deductible or non-deductible, depending on the individual’s income level and participation in an employer-sponsored retirement plan. Tax-deductible contributions reduce the individual’s taxable income, while non-deductible contributions do not.

Risk Tolerance 95

Risk Tolerance Taxes Retirement Accounting 95

Trade Brains

JUNE 6, 2023

Financial Year Gujarat Fluorochemicals Navin Fluorine 2023 5,685 2,077 2022 3,954 1,453 2021 2,650 1,179 2020 2,606 1,062 2019 2,729 996 (figures in Rs Cr) Gujarat Fluorochemicals Vs Navin Fluorine – Net Profit Growth As the topline grew, so did the bottom line of the fluorine stocks.

Planning 103

Planning Manufacturing Electronics Pharmaceutical 103

The Big Picture

OCTOBER 30, 2023

Financial Times ) • When Sunset’s NOT SELLING: Nobody Is Buying the Fanciest LA Real Estate With a new mansion tax, fleeing insurers, and knock-on effects of the strike, multimillion-dollar homes are sitting, and sitting, on the market. Vanity Fair ) • They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin.

Financial Services 130

Financial Services Food Assets Insurance 130

Trade Brains

OCTOBER 20, 2023

From 2016 to 2019, the Indian pharmaceutical sector increased at a compound annual growth rate (CAGR) of 6.6%. The Indian pharmaceutical sector includes over-the-counter medicines, generic medications, bulk drugs, vaccines, contract research and manufacture, biosimilars, and biologics. during FY22. 2022 nil 26.3

Pharmaceutical 105

Pharmaceutical Healthcare Medicine Manufacturing 105

Carson Wealth

FEBRUARY 22, 2023

Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. A million dollars breaks down into an annual amount of about $30,000 over 30 years (not counting taxes, etc.).

Retirement 98

Retirement Taxes Planning Math 98