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By Jamie Hopkins, Managing Partner, Wealth Solutions. The SECURE 2.0 Act has passed, making it the largest retirement legislation since the original Secure Act hit in the late 2019. As 55% of Americans say they don’t have enough saved for retirement, this bipartisan legislation primarily seeks to make it easier to contribute to retirement plans and use those funds appropriately for their needs in retirement.
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.64% in November from 0.67% in October. The serious delinquency rate is down from 1.33% in November 2021. This is slightly below the pre-pandemic lows. These are mortgage loans that are "three monthly payments or more past due or in foreclosure". The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.
Source: QAD Blog. A perfect way to end the 2022 annus horriblis is to remind readers that not just individual stocks, but entire sectors fall in and out of favor. It iss extremely challenging to select the right sector at the right time (and for the right reasons). Almost nobody does this well consistently over time. Here is QAD from 2019: In business, change is inevitable , and those that fail to adapt and innovate are often doomed to failure.
A strong start to 2022 marked by robust fundamentals and record levels of investment sales activity transitioned into a second half marked by uncertainty, leaving commercial real estate on unsteady footing heading into 2023.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Markets The energy sector dominated in 2022, and it wasn't even close. (capitalspectator.com) The stock market is not a Ponzi scheme. (awealthofcommonsense.com) Here is Eddy's 2023 Buy List. (crossingwallstreet.com) Companies Inside the Southwest Airlines ($LUV) meltdown. (wsj.com) Cal-Maine Foods ($CALM) stock rode higher egg prices all year, until today.
Realtor.com has monthly and weekly data on the existing home market. For the week ending December 24th, active inventory was up 63.1% year-over-year (YoY), up from 58.1% YoY last week. New listings were down 5.7% YoY , the smallest YoY decrease since July. This small YoY decrease in new listings might be related to the holidays. Here is a graph of the year-over-year change in inventory according to realtor.com.
Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, told Kailey Leinz and Matt Miller Wall Street is savvier than the Fed when it comes to the realities of inflation. Ritholtz said this Wednesday morning on “Bloomberg Surveillance.” Street vs. Fed with Ritholtz.
Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, told Kailey Leinz and Matt Miller Wall Street is savvier than the Fed when it comes to the realities of inflation. Ritholtz said this Wednesday morning on “Bloomberg Surveillance.” Street vs. Fed with Ritholtz.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. And nearly 3 years to the day after its predecessor was passed, the U.S.
Two key points: 1) There is a clear seasonal pattern for house prices. 2) The surge in distressed sales during the housing bust distorted the seasonal pattern. For in depth description of these issues, see Jed Kolko's article from 2014 "Let’s Improve, Not Ignore, Seasonal Adjustment of Housing Data" Note: I was one of several people to question the change in the seasonal factor (here is a post in 2009 ) - and this led to S&P Case-Shiller questioning the seasonal factor too ( from April 2010
Markets The markets were bad in 2022, but things could always be worse. (humbledollar.com) Commodity returns stood out in 2022. (capitalspectator.com) A look at the best charts of 2022. (topdowncharts.substack.com) Strategy There is a big difference between forecasting stock and bond returns. (fortunesandfrictions.com) Why you need to look at base rates when forecasting stock returns.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. And nearly 3 years to the day after its predecessor was passed, the U.S.
Here is a review of the Ten Economic Questions for 2022 Below are my ten questions for 2023 (I've been doing this every year for over a decade!). These are just questions; I'll follow up with some thoughts on each of these questions. The purpose of these questions is to provide a framework to think about how the U.S. economy will perform in 2023, and if there are surprises - like in 2020 - to adjust my thinking. 1) Economic growth: Economic growth was probably under 1% in 2022 as the economy slo
Personal finance Nobody knows what is going to happen in the stock market next year. (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.' (flowfp.com) The more you know about money, the less you need to think about it.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the passage of “SECURE Act 2.0” has brought a wide range of changes to the world of retirement planning. And given the variety of planning opportunities created by the legislation – from the raising of the beginning age for RMDs to the ability to transfer funds from 529 plans to Roth IRAs – advisors have a significant opportunity t
At the end of each year, I post Ten Economic Questions for the following year (2022). I followed up with a brief post on each question. Here is review (we don't have all data yet, but enough). I've linked to my posts from the beginning of the year, with a brief excerpt and a few comments. I don't have a crystal ball, but I think it helps to outline what I think will happen - and understand - and change my mind, when the outlook is wrong.
Research A look at the trade-offs of rebalancing frequency. (corporate.vanguard.com) How trend following works during different market regimes. (quantpedia.com) Why ESG portfolios need to be optimized. (blogs.cfainstitute.org) A rave review for Eric Balchunas' book "The Bogle Effect." (alphaarchitect.com).
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
As 2022 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd’s Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). This year has been challenging for many financial advisors as they help their clients (and their own firms!
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.8% Below Peak; Houses are the least “affordable” since 1982 when 30-year mortgage rates were over 14% Excerpt: It has been over 16 years since the bubble peak. In the October Case-Shiller released Tuesday , the seasonally adjusted National Index (SA), was reported as being 62% above the bubble peak in 2006.
Lists 9 surprising things that happened in 2022 including 'The Federal Reserve opening pushed for the stock market to fall.' (awealthofcommonsense.com) 4 mistakes from 2022 including the idea of more funds equaling more diversification. (morningstar.com) 35 ideas from 2022 including 'Long term investing is hard.' (safalniveshak.com) 11 ideas that stuck from 2022 including the 'power of quitting.
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
For many seasoned financial advisors, the road toward building a career and a business can be challenging and rewarding. And even though most advisors would agree that the road to success involves many years of hard work and sacrifice, each advisor’s path to ultimate success can consist of massively different experiences. In our 102nd episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards discuss the challenges they have each faced in their decades-long
Today, in the Real Estate Newsletter: Question #10 for 2023: Will inventory increase further in 2023? Brief excerpt: Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on my blog).
Podcasts Michael Kitces talks setting boundaries with Emily Rassam who is the Senior Financial Planner for Archer Investment Management. (kitces.com) Christine Benz and Jeff Ptak discuss the recent "The State of Retirement Income" report. (morningstar.com) Ryan Detrick and Sonu Varghese talk with Phil Pearlman about the connection between health and wealth planning.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Here is our 2023 investment outlook. I did this a little differently this year by providing a scenario analysis with different probability distributions.
From CoStar: STR: US Hotel Performance Slows During Lead-Up to Christmas U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019 on the unfavorable side of a holiday calendar shift, according to STR‘s latest data through Dec. 24. At the same time, occupancy on the 24th was the highest for any Christmas Eve on record.
Markets A great reminder that S&P 500 industries go in and out of fashion. (ritholtz.com) Leveraged, long Bitcoin was not a good strategy in 2022. (bloomberg.com) Airlines Southwest Airlines ($LUV) seems to be back on track. (finance.yahoo.com) Fliers and front line workers bear the brunt of airline chaos. (nytimes.com) Food The price of cultivated meat is rapidly coming down.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
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