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Kitces & Carl Ep 97: Talking Clients Down From Making Politically Motivated Portfolio Changes

Nerd's Eye View

In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios.

Portfolio 246
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What’s Wrong With Macroeconomic Uncertainty Indexes

The Big Picture

I also prefer the distinction Michael Mauboussin makes between Risk (We don’t know what is going to happen next, but we do know what the distribution looks like) and Uncertainty: (We don’t know what is going to happen next, and we do not know what the possible distribution looks like) See this for more info.

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Effective Implementation Of A Backdoor Roth Strategy: Detailed Nuances, IRS Form 8606 (And When It’s Even Worth Doing)

Nerd's Eye View

This is mainly because of the IRA Aggregation Rule, stipulating that when determining the tax consequences of an IRA distribution (which includes a conversion), the value of all IRA accounts will be aggregated together for the purpose of any tax calculations (turning a 'clean' backdoor Roth into a messy partial Roth conversion!).

Taxes 246
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Financial Advisor Marketing Services Client Success Story

Indigo Marketing Agency

Power of Video Marketing for RIAs Ivn, like many financial advisors , knew the importance of client communication but had never used video as part of his marketing strategy. Enhancing engagement: Video content is more likely to capture attention and keep viewers engaged compared to text-based communication. And he wasnt disappointed.

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Weekend Reading For Financial Planners (July 13-14)

Nerd's Eye View

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

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Adviser links: valuing your time

Abnormal Returns

(advisorperspectives.com) Communication How to use Kinder's three questions with clients. advisors.vanguard.com) The IRS has caused confusion around inherited IRA required distributions. kitces.com) Five steps advisors need to take to connect with their clients. citywireusa.com) Advisers The case for not abandoning bond allocations.

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Kitces & Carl Episode 108: Crafting A (Marketing) Manifesto To Show What You Really Stand For

Nerd's Eye View

While there is no set rule on how long or short a manifesto used for marketing purposes needs to be, it is generally useful to provide it in a format that can be easily read and distributed.