Nerd's Eye View

DECEMBER 28, 2022

House of Representatives on December 23, 2022, passed the Consolidated Appropriations Act of 2023, an omnibus spending bill that includes the much-anticipated and long-awaited retirement bill known as SECURE Act 2.0. And nearly 3 years to the day after its predecessor was passed, the U.S.

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Tax Planning Taxes Planning Retirement Planning 246

Nerd's Eye View

DECEMBER 25, 2023

And as 2023 draws to a close, we wanted to highlight 25 of the most popular and insightful articles that were featured throughout the year (that you might have missed!).

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Financial Advisor Financial Planner Insurance Clients 246

Nerd's Eye View

JULY 3, 2023

Welcome to the July 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!

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Estate Planning Clients Media Wealth Management 246

Wealth Management

JANUARY 8, 2024

What were the significant tax and non-tax issues of last year? Speakers at Heckerling discuss tax planning, estate planning and philanthropy cases.

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Tax Planning Taxes Planning Estate Planning 119

The Big Picture

APRIL 5, 2023

My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. Make sure it’s in your tax tool kit. billion today.

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Taxes Valuation Assets Media 289

The Big Picture

MAY 9, 2024

Not if you spend tax season on a boat! I doubt he’s run the real numbers of being invested in the stock market tax deferred with an additional company match. There is lots more: A slew of bad tax advice likely to get-you-sent-to-jail-for-tax evasion: Live on a boat during tax season! Want to earn more money?

Media 336

Media Taxes Math Investments 336

The Big Picture

OCTOBER 20, 2023

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes. and paying taxes.

Investing 340

Investing Investments Math Medicine 340

Abnormal Returns

JANUARY 1, 2024

(thinkadvisor.com) A review of the RIA world in 2023. riabiz.com) Five things to consider in 2024 including 'Optimizing outcomes under the sunsetting Tax Cuts and Jobs Act.' riabiz.com) Can a fiduciary adviser safely use AI-generated advice? kitces.com) How to use an HSA in retirement.

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Retirement Taxes Clients Marketing 282

The Big Picture

NOVEMBER 2, 2023

Before yesterday’s FOMC meeting, I reiterated my view from July 2023 that this hiking cycle was – or at least should be – over. But this after-the-fact story does not resonate as truth with me, as it looks more like the 10% market correction of October 2023 has ended. Cash in No Longer Trash : TINA is officially over.

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Taxes Portfolio Marketing Marketing 288

The Big Picture

JULY 29, 2022

Compared to futuristic and spacey models like 2023 Genesis GV60 and the Kia EV6 , Audi’s crossovers present as very familiar vehicles that just happen to have an electric powertrain. If you want more power, you have to wait for the 2023 E-Tron, with 402 Horsepower, 490 lb-ft of Torque, and 0-60 mph in 5.5 Source: Guideautoweb.

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Taxes 290

The Big Picture

APRIL 3, 2023

Guess they were hedged or holding physical assets like timber or oil or gold in large enough quantities to offer the market declines shown below: Alternatively, the actual reported values could be fabricated nonsense, which if reported accurately might cause some consternation or require a tax increase.

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Assets Consulting Taxes Marketing 312

The Big Picture

AUGUST 31, 2023

Disposable personal income (DPI), personal income less personal current taxes, increased $7.3 Here is BEA: Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). billion (less than 0.1 billion (0.8

Food 264

Food Taxes Economics 264

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. The maximum for 2022 is $61,000, this has been increased to $66,000 for 2023. These have been increased to $66,000 and $73,500 for 2023. Eligibility. Self-employed?

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Abnormal Returns

DECEMBER 25, 2023

morningstar.com) Wealthy couples have some tax levers to pull in retirement. crr.bc.edu) Some highlights from the Nerd's Eye View blog in 2023. And more questions to ask when growing your practice. advisorperspectives.com) Do financial advisers recommend annuities to their clients? kitces.com)

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Financial Advising Startup Commission Financial Advice 290

Abnormal Returns

DECEMBER 24, 2023

(mathinvestor.org) Everything forecasters got wrong in 2023. nytimes.com) Strategy The stock market was up big in 2023, but it wasn't easy. wsj.com) The employee-retention tax credit, or ERC, is a hot mess. time.com) Books The 16 best books of 2023 including "Fire Weather: A True Story from a Hotter World" by John Vaillant.

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Financial Advising Media Taxes Economy 260

Nerd's Eye View

NOVEMBER 18, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that AdvisorTech giant Envestnet has announced a partnership with New Zealand-based FNZ that will allow Envestnet to offer custodial services to advisors beginning in the second half of 2023.

Financial Planner 246

Financial Planner Tax Planning Taxes CFP 246

Carson Wealth

FEBRUARY 16, 2024

By Mike Valenti, CPA, CFP ® , Director of Tax Planning It’s that time of year again! W-2s, 1099s and mortgage statements have been to hit your mailbox: a daily reminder that it is, once again, Tax Season. Overall, it was a relatively quiet year on the tax front. Although Congress isn’t done yet! More on that later.)

Taxes 97

Taxes Consulting Accounting Planning 97

Abnormal Returns

JULY 9, 2023

Markets 10 surprises from 2023, so far, including higher interest rates for longer. bilello.blog) In 2023, tech stocks have snubbed the Fed. crr.bc.edu) We are going to need a replacement for the gasoline tax. nytimes.com) How expanded child tax credits were used. wsj.com) There is no Social Security trust fund to invest.

Financial Advising 246

Financial Advising Taxes Economy Media 246

Your Richest Life

FEBRUARY 27, 2023

Whether you’re preparing to file , waiting on a refund , or have already paid your tax bill, you might notice some differences this year. First of all, many taxpayers are noticing smaller refunds or higher tax bills this year than in the previous two years. This credit is up to $7,500, and is set to expire in 2032 unless renewed.

Taxes 105

Taxes Fee Only CFP Financial Planning 105

Alpha Architect

SEPTEMBER 6, 2024

Adding Leveraged, Long-Short Factor Strategies to Improve Tax Alpha was originally published at Alpha Architect.

Taxes 105

Taxes Investments Investing 105

The Big Picture

SEPTEMBER 14, 2023

For all the WuTang fans: Spectacular California Sunset The post Future Proof 2023: That’s a Wrap! appeared first on The Big Picture.

Wealth Management 147

Wealth Management Risk Management Management Taxes 147

The Big Picture

OCTOBER 23, 2023

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

Government 334

Government Economics Taxes Budgeting 334

Trade Brains

DECEMBER 18, 2023

Top 5 Tax Havens In The World : Where most of us are already annoyed by the mere thought of paying income taxes, have you ever wondered how super-rich people avoid taxes legally? They park their money in tax-haven countries where it’s easy to evade taxes. What’s a Tax Haven? Top 5 Tax Havens In The World I.

Taxes 105

Taxes Government Sales Insurance 105

Abnormal Returns

NOVEMBER 6, 2023

papers.ssrn.com) Taxes A 2023 year-end tax planning guide. (investmentnews.com) M&A The RIA model continues to take share. riaintel.com) How to prep an RIA for sale. (fa-mag.com) fa-mag.com) Research into how RIAs grow. kindnessfp.com) The ins and outs of backdoor Roth IRAs.

Wealth Management 265

Wealth Management Retirement Planning Tax Planning Financial Advisor 265

Abnormal Returns

FEBRUARY 19, 2024

thinkadvisor.com) How tax treatment differs across states for 529-to-Roth IRA rollovers. billion in donor-recommended grants in 2023. (sciencedaily.com) How the pandemic affected life insurance premia. advisorperspectives.com) Fidelity Charitable distributed $11.8 riaintel.com)

Clients 280

Clients Estate Planning Wealth Management Financial Advice 280

Abnormal Returns

DECEMBER 28, 2022

awealthofcommonsense.com) Three ways to simplify your portfolio in 2023. morningstar.com) Some common personal finance misunderstandings including 'Extending your tax return filing doesn’t extend your ability to pay.' Personal finance Nobody knows what is going to happen in the stock market next year.

Taxes 246

Taxes Numbers Portfolio Marketing 246

Cornerstone Financial Advisory

DECEMBER 26, 2023

Source: Econoday, December 22, 2023 The Econoday economic calendar lists upcoming U.S. Source: Zacks, December 22, 2023 Companies mentioned are for informational purposes only. Having it may boost your earned income tax credit, meaning you may owe less tax and could get a larger refund. MarketWatch, December 19, 2023 5.

Taxes 105

Taxes Investment Advisor Sales Investments 105

Nerd's Eye View

SEPTEMBER 20, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the North American Securities Administrators Association (NASAA) released the latest edition its annual survey outlining the state of state-registered RIAs, showing that the number of state-registered firms and their assets (..)

Financial Planner 246

Financial Planner Investment Advisor Financial Advisor Clients 246

Abnormal Returns

SEPTEMBER 10, 2024

spyglass.org) Apple owes Ireland a lot of money in back taxes. (spyglass.org) Apple's events are way too long these days. sixcolors.com) Economy Q3 GDP nowcasts are coming in around 2.5% econbrowser.com) Real median household income rose 4.0% axios.com) Earlier on Abnormal Returns Research links: reasonably efficient markets.

Financial Advising 276

Financial Advising Media Taxes Economy 276

The Big Picture

DECEMBER 11, 2023

1 But since a spokesperson for the NRF admitted they had to remove content from its report on organized retail crime (report from April 2023, produced with hired gun K2 Integrity), I have begun to rethink that. billion in 2019, according to the state agency that tracks sales tax. Can that be right? In a word: no.”

Retail 353

Retail Accounting Sales Numbers 353

Abnormal Returns

JANUARY 6, 2024

nationalreview.com) Water Why we need to tax groundwater use. nytimes.com) Environment 2023 was filled with all manner of temperature-related anomalies. arstechnica.com) Best of 2023 The consensus 10 best movies of 2023. digg.com) The consensus best 10 TV shows of 2023. moneytalks101.substack.com)

Food 259

Food Financial Advising Media Transportation 259

Nerd's Eye View

NOVEMBER 4, 2022

We also have a number of articles on taxes and end-of-year planning: The importance for advisors of understanding current RMD rules to ensure their clients take the proper distributions (and avoid a 50% penalty in the process!). ” to pass by the end of the year, while passage of other proposed tax measures appears to be less likely.

Financial Planner 240

Financial Planner Financial Advisor Retirement Planning Medical 240

Integrity Financial Planning

JULY 17, 2023

How you handle taxes and when you are taxed are two of the most important factors when it comes to retirement planning. There are also Roth 401(k)s that have a similar tax treatment but are subject to some different rules. 5] This basically allows an earning spouse to help contribute to a non-earning spouse’s retirement funds.

Retirement 97

Retirement Taxes Retirement Planning Accounting 97

Nerd's Eye View

OCTOBER 1, 2022

A new bill would make many parts of the Tax Cuts and Jobs Act of 2017 permanent, including its changes to tax brackets, the higher standard deduction, and the cap on state and local tax deductions. What advisory firms can do to make the most out of client testimonials and avoid negative reviews on third-party websites.

Financial Planner 245

Financial Planner Retirement Planning Advertising Taxes 245

Abnormal Returns

FEBRUARY 13, 2023

mattreiner.com) SEC The SEC is going to focus on the new marketing rule in 2023. citywire.com) Taxes Five tax mistakes to avoid when it comes to stock options, RSUs, etc. (kitces.com) Matt Reiner talks client expectations with Daniel Crosby who is the Chief Behavioral Officer at Orion Advisor Solutions.

Clients 245

Clients Retirement Financial Services Taxes 245

Cornerstone Financial Advisory

SEPTEMBER 25, 2023

Source: Econoday, September 22, 2023 The Econoday economic calendar lists upcoming U.S. NKE) Source: Zacks, September 22, 2023 Companies mentioned are for informational purposes only. This information is not intended to substitute for specific individualized tax advice. The Wall Street Journal, September 22, 2023 2.

Marketing 111

Marketing Marketing Taxes Economics 111

Cornerstone Financial Advisory

OCTOBER 2, 2023

Source: Econoday, September 29, 2023 The Econoday economic calendar lists upcoming U.S. STZ) Source: Zacks, September 29, 2023 Companies mentioned are for informational purposes only. ” –John Steinbeck Who Can Deduct Car Expenses On Their Tax Returns? In 2023, the standard mileage rate is 65.5 cents per mile.

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Marketing Marketing Taxes Economics 111