The Big Picture

OCTOBER 18, 2022

The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike). The current collapse is to a measure of 25, from a November 2020 peak of 77; the pandemic saw a fall to 13 from 58, and the GFC saw a collapse from 55 to 7.

Budgeting 363

Budgeting Economy Taxes Numbers 363

Calculated Risk

OCTOBER 7, 2024

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Insurance Costs "Spike", Especially in Florida Brief excerpt: The largest insurance increases are in Florida (for obvious reasons - stay safe this week with Hurricane Milton).

Insurance 278

Insurance Taxes Marketing Marketing 278

The Big Picture

AUGUST 12, 2024

Sorry, but “fake it till you make it” seems like a poor plan for thinking about the future… Previously : Time to Stop Believing Deficit B t (September 3, 2021) Stimulus, More Stimulus and Taxes (January 25, 2021) Cost of Financing US Deficits Falls (December 18, 2020) Can We Please Have an Honest Debate About Tax Policy?

Economy 347

Economy Taxes Investments Investing 347

Nerd's Eye View

NOVEMBER 15, 2023

One of these was the Employee Retention Credit (ERC), a tax credit that eligible small businesses could take against their employment taxes. While the ERC is indeed legitimate, determining eligibility is complex largely due to its phased implementation across 4 separate 'phases' spanning most of 2020 and all of 2021.

Clients 246

Clients Taxes Government Startup 246

Abnormal Returns

OCTOBER 1, 2023

awealthofcommonsense.com) Higher interest rates mean higher taxes. theatlantic.com) Policy Per the IRS, nearly 1,000 tax filers who earn more than $1 million per year have still not filed federal tax returns for at least one year from 2017 to 2020. tker.co) Rates The yield curve is finally steepening.

Financial Advising 297

Financial Advising Taxes Government Media 297

The Big Picture

AUGUST 17, 2022

What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. Barry Ritholtz (@ritholtz) August 13, 2020. Perhaps most important of all, are the behavioral advantages of passive.

Taxes 334

Taxes Portfolio Management Investments 334

The Big Picture

NOVEMBER 2, 2023

BAML’s Chief Equity Technician Stephen Suttmeier likens the 2020 crash to the modern version of the 1987 crash: A substantial crash that took place 7 years into the start of a new bull. Secular Bull Market : US stocks are in the 5-6th inning of a bull market. Historical comparisons imply this market may have another 3-7 years to go.

Taxes 289

Taxes Portfolio Marketing Marketing 289

Calculated Risk

APRIL 21, 2023

in Washington to 21.5% in Washington to 21.5% in Washington to 21.5%

Numbers 278

Numbers Sales Taxes 278

Calculated Risk

DECEMBER 7, 2022

emphasis added Unfortunately, in 2020, one of those low probability events happened ( pandemic ), and that led to a recession in 2020. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020.

Sales 361

Sales Economy Engineering Investments 361

The Big Picture

FEBRUARY 27, 2023

This demographic cohort is simply not a seller due to retirement – the tax expenses would be too great. Estate taxes are why appreciated equity is transferred this way. aka The Hidden World of Failure ) (October 23, 2020) Stock Ownership : Distribution of Household Wealth in the U.S.

Distribution 325

Distribution Retirement Retirement Planning Taxes 325

Calculated Risk

MAY 29, 2023

emphasis added Unfortunately, in 2020, one of those low probability events happened ( pandemic ), and that led to a recession in 2020. The other two times were in early 2007 (housing bust / financial crisis), and in March 2020 (pandemic). New home sales peaked in 2020 as pandemic buying soared.

Sales 363

Sales Economy Banking Economics 363

Zoe Financial

APRIL 7, 2025

Tariffs impact: Proposed increases could raise the effective tax rate on U.S. I ntra-year drop: Markets are down ~1819% this year high, but still within historical norms: 2022: 25% 2020 (COVID): 34% 2008 (financial crisis): 49% Volatility spike: VIX rose above 45 one of the highest on record. imports from 2.3%

Marketing 81

Marketing Marketing Risk Tolerance Financial Advisor 81

Calculated Risk

SEPTEMBER 16, 2022

emphasis added Unfortunately, in 2020, one of those low probability events happened ( pandemic ), and that led to a recession in 2020. Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020.

Sales 363

Sales Economy Economics Investments 363

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 Budgeting Taxes 334

Calculated Risk

OCTOBER 13, 2022

Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $160,200 from $147,000. in 2020 (used to calculate contribution base). Some other adjustments that take effect in January of each year are based on the increase in average wages.

Taxes 266

Taxes 266

The Big Picture

NOVEMBER 27, 2023

This is before we get to the issue of capital gains taxes, which create a hurdle of (minimum) 20% on those pesky profits just to get to breakeven. Staying long through the 60-day 34% drop during the 2020 pandemic; getting out of the market ahead of the 2022 rate hiking cycle; and getting back in October 2022 for the next bull leg.

Marketing 305

Marketing Marketing Math Retirement Planning 305

The Big Picture

DECEMBER 12, 2022

They are why you sometimes owe capital gains taxes on mutual funds you have not yet sold. Cars are for Driving, Sneakers are for Wearing (November 11, 2020). The Hidden World of Failure (October 23, 2020). September 18, 2020). _. Some of your fellow investors are to-the-moon-hodl ers , while others are weak hands.

Accounting 300

Accounting Commission Investments Investing 300

Abnormal Returns

DECEMBER 20, 2023

tonyisola.com) More retirees are seeing their Social Security benefits taxed. savantwealth.com) The IRS is extending an olive branch to taxpayers who owe money from 2020-2021. (open.spotify.com) Robin Powell talks meaning and money with Jonathan Clements. podcasts.apple.com) Retirement How to find a new you in retirement.

Retirement 276

Retirement Portfolio Accounting Taxes 276

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

SEPTEMBER 19, 2022

Eventually, as client relationships grew to be more ongoing and less transactional, financial planning grew to encompass other areas of clients’ financial lives, such as taxes and estate planning. A lot has changed since 2020, though.

Financial Planner 245

Financial Planner Certified Financial Planner Financial Planning CFP 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

Nerd's Eye View

JULY 8, 2024

interest rates, and relatively little new tax legislation (yet). Additionally, the upcoming Kitces Value Summit, coming December 12 , 2024, will tackle how real advisors provide and communicate their ongoing value to their clients.

Ethics 239

Ethics Education Financial Advice Taxes 239

The Big Picture

MARCH 22, 2023

Billion : The decision by Fox News executives in November 2020 to treat the more hard-right Newsmax as a mortal threat spawned a possibly more serious danger. ( Logging Into Zoom at the Beach Could Land You a Tax Bill Source: Bloomberg Sign up for our reads-only mailing list here. Grid ) • Inside the 3 Months That Could Cost Fox $1.6

Risk Management 294

Risk Management Manufacturing Management Government 294

Calculated Risk

JANUARY 13, 2023

The other two times were in early 2007 (housing bust), and in March 2020 (pandemic). Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. 2020 -2.8% -1.5% BofA is forecasting GDP will contract 0.3% 2008 0.1% -2.5%

Economy 278

Economy Sales Economics Investments 278

Calculated Risk

MAY 15, 2023

million borrowers since April 2020. Added Walsh, “Overall servicing portfolios remain healthy, and some of the worsening monthly performance can be attributed to seasonal factors such as tax refunds that pushed up the March results and then normalized in April. According to MBA’s estimate, 255,000 homeowners are in forbearance plans.

Portfolio 204

Portfolio Numbers Planning Taxes 204

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

Darrow Wealth Management

MARCH 13, 2025

Between 1980 and 2020, nearly 45% of all companies that were ever in the Russell 3000 experienced a 70% drop in stock price from the peak and never recovered. Charitable Contributions: Donating appreciated stock to charity while reducing capital gains tax. Of the underperformers, 39% actually lost money.

Management 69

Management Taxes Estate Planning Asset Allocation 69

Calculated Risk

MARCH 18, 2024

million borrowers since March 2020. The performance of servicing portfolios and loan workouts improved in February, as borrowers benefitted from tax refunds, the extra day in the month to submit their payments, and continued resilience in the job market,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.

Portfolio 162

Portfolio Planning Taxes Numbers 162

Calculated Risk

OCTOBER 16, 2023

Mortgage servicers have provided forbearance to approximately 8 million borrowers since March 2020. Several factors – including unemployment increases, rising property taxes and insurance, the resumption of student debt payments, and possible natural disasters – may affect loan performance in future months.”

Portfolio 162

Portfolio Numbers Insurance Planning 162

Random Roger's Retirement Planning

MARCH 2, 2025

Generically, dividends are not tax efficient. They are taxed at ordinary income. SCHD has historically paid "qualified" dividends which are taxed more favorably as capital gains but this is something to continuously track. Derivative income funds that track indexes might be taxed 60/40, you have to check.

Taxes 52

Taxes Portfolio Assets Accounting 52

Carson Wealth

JANUARY 8, 2025

Holistic Financial Management Beyond investment advice, financial advisors offer comprehensive services such as tax planning, estate planning, and risk management. 1 Envestnet, How a Financial Advisor Can Help You Achieve Financial Wellness, 2020. Contact us today to learn more about our unique approach to financial advice.

Financial Advice 64

Financial Advice Financial Advisor Risk Tolerance Financial Guidance 64

Random Roger's Retirement Planning

APRIL 11, 2025

I expanded on it a little bit and noted it's not particularly relaxing but I would reiterate that this is a great time to lean forward and learn about some things in real time versus looking at a backtest from a benchmark event like the 2020 Pandemic Crash or 2022. All of the different factors have their moments in the sun.

Portfolio 59

Portfolio Taxes Assets Investments 59

Nerd's Eye View

JULY 17, 2023

Accordingly, in 2020 the North American Securities Administrators Association (NASAA) introduced a Model Rule for the first-ever CE obligation for Investment Adviser Representatives (IARs) to maintain their Series 65 license after initially obtaining it.

Ethics 245

Ethics Financial Advice CFP Financial Advisor 245

Cornerstone Financial Advisory

DECEMBER 16, 2024

The Dow registered its worst losing streak since 2020. ” – Alfred, Lord Tennyson Tax Tip… Have You Created Your IRS Online Account? This information is not a substitute for individualized tax advice. Please discuss your specific tax issues with a qualified tax professional.

Marketing 52

Marketing Marketing Taxes Economics 52

Darrow Wealth Management

FEBRUARY 19, 2024

Between 1947 and 2020, of the stocks that either outperformed or underperformed the market over the last 20-year period, only 30% would outperform as a public company over the next 10 years.² Taxes should always be a component of any investment decision — but not the main driver. Big losses are common.

Management 110

Management Taxes Portfolio Estate Planning 110

Calculated Risk

JANUARY 10, 2024

Another exception was in late 2021 - we saw a significant YoY decline in new home sales related to the pandemic and the surge in new home sales in the second half of 2020. 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. 2020 -2.2% -1.1%

Economy 200

Economy Sales Economics Investments 200

Harness Wealth

AUGUST 13, 2024

We are particularly excited to be recognized as both the fastest growing tax technology and WealthTech business in the rankings. We provide a seamless and insightful tax experience alongside a marketplace of supporting services to meet the advisory needs of small business & equity owners. For complete results of the Inc.

Startup 52

Startup Taxes Media Recruitment 52