NAIFA Advisor Today

AUGUST 16, 2023

Brought to you exclusively by NAIFA and the Society of FSP, this essential webinar delves deep into the time-sensitive implications of provisions in the Tax Cuts and Jobs Act (TCJA) of 2017 that are scheduled to sunset by 2025.

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Taxes Estate Planning Clients Planning 52

The Big Picture

APRIL 11, 2024

And even still, fund fees and taxes remained a major cost element. In 1978, Congress enacted Internal Revenue Code Section 401(k), which allowed tax-deferred savings through a company-administered plan. Lower trading costs, a rampaging bull market, and tax-deferred investing led to millions of new entrants into markets.

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Commission Taxes Management Electronics 350

Calculated Risk

APRIL 26, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 The following graph shows real Personal Consumption Expenditures (PCE) through March 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for March: Personal income increased $122.0 billion (0.5 billion (0.5

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Food Taxes Economics 124

Brown Advisory

DECEMBER 4, 2017

2017 Year-End Planning Letter. Mon, 12/04/2017 - 13:10. presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics.

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Planning Taxes Tax Planning Clients 52

Nerd's Eye View

APRIL 5, 2023

Given how frequently the tax code changes, advisors can add value for clients by ensuring their estate plans are aligned with current law to meet the clients’ objectives, and not with past rules that may no longer apply to them. However, the passage of TCJA resulted in the estate gift tax exemption nearly doubling (from $5.6M

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The Big Picture

NOVEMBER 2, 2023

If you are in a top tax bracket and have residency in a high-tax state with strong credit quality – think Ohio, New York, Massachusetts, California, Connecticut, etc. – Cash in No Longer Trash : TINA is officially over. you should be looking at Munis here. Depending on the specifics a 4.5-5%

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Taxes Portfolio Marketing Marketing 279

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. Previously : Don’t Blame Morningstar for Our Own Shortcomings (October 26, 2017). Russel Kinnel. Morningstar, August 9, 2010.

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Taxes Portfolio Management Investing 330

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.

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Financial Planner Retirement Planning Advertising Taxes 188

Calculated Risk

MARCH 29, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $50.3 The following graph shows real Personal Consumption Expenditures (PCE) through January 2024 (2017 dollars). From the BEA: Personal Income and Outlays for February: Personal income increased $66.5 billion (0.3 billion (0.2 billion (0.8

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Food Taxes Economics 112

Harness Wealth

DECEMBER 8, 2022

Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. Tax-loss harvesting. Paying taxes on investment gains can be a financial burden, but tax loss harvesting can reduce your bill. You can claim as much capital loss as your realized capital gain plus $3,000.

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Tax Planning Taxes Planning Estate Planning 52

Calculated Risk

FEBRUARY 29, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $67.6 The following graph shows real Personal Consumption Expenditures (PCE) through January 2024 (2017 dollars). The BEA released the Personal Income and Outlays report for January: Personal income increased $233.7 billion (1.0 billion (0.3

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Food Taxes Economics 107

The Big Picture

NOVEMBER 20, 2023

Previously : Tax Alpha (April 14, 2022) Accessing Losses via Direct Indexing (April 14, 2021) The Cutting Edge (September 30, 2021) USA Is Smashing Its Clean Energy Targets (October 17, 2017) Sources : Wall Street’s ESG Craze Is Fading By Shane Shifflett WSJ, Nov. This is true whether you are pro-life or pro-environment.

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Taxes Portfolio Investing Investments 187

Steve Feinberg

SEPTEMBER 2, 2021

As the Covid-19 pandemic self employed tax deductions offices and workspaces around the country, many American workers had to adapt to doing their jobs or running their businesses from home. will not be considered a home office for tax reasons. Who Can Claim the Home Office Tax Deduction? What is the Home Office Deduction?

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Taxes Insurance Accounting Clients 52

Calculated Risk

JANUARY 26, 2024

Disposable personal income (DPI), personal income less personal current taxes, increased $51.8 The following graph shows real Personal Consumption Expenditures (PCE) through December 2023 (2017 dollars). The BEA released the Personal Income and Outlays report for December: Personal income increased $60.0 billion (0.3 billion (0.3

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Food Taxes Economics 107

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. Not only are the odds stacked against you, but very often systems that have successfully timed the market have been simply lucky, and do not succeed in out-of-sample tests.

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Marketing Marketing Math Retirement Planning 296

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). Then came the pandemic, and a huge federal worker subsidy. Workers upskilled and launched new businesses.

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Medicine Numbers Food Insurance 327

Brown Advisory

JUNE 12, 2017

2017 Berkshire Hathaway Annual Shareholder Meeting achen Mon, 06/12/2017 - 15:11 Thousands of people come to Omaha each spring for the Berkshire Hathaway annual shareholders’ meeting to hear the insights of Warren Buffett and Charles Munger, Buffett’s longtime business partner. Corporate taxes were about 4% of GDP then and 2% now.

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Investing Investments Ethics Taxes 52

Brown Advisory

JUNE 12, 2017

2017 Berkshire Hathaway Annual Shareholder Meeting. Mon, 06/12/2017 - 15:11. Corporate Tax Cut Potential to Benefit Berkshire. Asked how much a reduction in corporate tax rates would benefit Berkshire, Buffett explained that the benefit varied for each business in which Berkshire is invested.

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Investing Investments Ethics Taxes 52

Carson Wealth

DECEMBER 27, 2023

By Ryan Egolf, EA, Senior Tax Planner As the New Year quickly approaches, it’s time to put a bow on your 2023 financial plan. In some cases, those payments are tax-free. One of the greatest things about insurance is the liquidity it provides when needed most and tax efficiency.

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Planning Retirement Planning Insurance Taxes 89

Calculated Risk

OCTOBER 27, 2023

Disposable personal income (DPI), personal income less personal current taxes, increased $56.1 The following graph shows real Personal Consumption Expenditures (PCE) through September 2023 (2017 dollars). The BEA released the Personal Income and Outlays report for September: Personal income increased $77.8 billion (0.3 billion (0.3

Food 69

Food Taxes Economics 69

Random Roger's Retirement Planning

FEBRUARY 13, 2024

You can see in 2017, the blue line for Cockroach with Bitcoin went parabolic. 2020 was also a very good year for Portfolio 1 thanks to Bitcoin but it wasn't as big as 2017. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

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Portfolio Taxes Management Investing 65

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.

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Risk Tolerance Taxes Retirement Retirement Planning 94

Random Roger's Retirement Planning

APRIL 18, 2024

I bought 100 shares on its first or second day of trading last fall for $2017 and I sold it today for $2114 which includes reinvesting the dividends. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

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Clients Investing Investments Taxes 89

Fortune Financial

FEBRUARY 4, 2024

Will you end up paying too much in ordinary income taxes for company stock in your 401(k) plan? With our deep expertise and qualifications in NUA strategies, our experts are adept at navigating the complexities of tax-efficient retirement planning. This appreciation becomes critical when considering tax implications upon withdrawal.

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Retirement Retirement Planning Distribution Taxes 59

Walkner Condon Financial Advisors

MAY 1, 2023

ISOs and NQSOs differ in how they are treated from a tax perspective at exercise and upon the disposal (sale) of the stock. RSUs are taxed as compensation income upon vesting (with one exception of deferring the taxation using an 83(i) election , if eligible to do so). Reminder: RSU is taxed as compensation income at vesting.

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Taxes Startup Valuation Planning 98

James Hendries

DECEMBER 11, 2022

Tax Planning – Have necessary steps been taken toward filing required business and individual tax returns, so they get filed on time? The type of business will determine the tax consequence. There are five general types of business taxes and tax changes that can be applied. Income Tax. Estimated Tax.

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Planning Taxes Insurance Accounting 52

Darrow Wealth Management

JANUARY 9, 2023

was signed into law December 29th, 2022, bringing more major changes to tax law. Amount rolled over is tax-free (not included in beneficiary’s income) and penalty-free. Currently, pre-tax or Roth contributions are allowed. Before the passing of the Act, employer funding could only be pre-tax. The Secure Act 2.0

Accounting 59

Accounting Taxes Tax Planning Distribution 59

Random Roger's Retirement Planning

APRIL 4, 2024

In 2017, Bitcoin went from about $1000 up to $5000 and in 2020 Bitcoin went from about $9000 to $34,000. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

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Portfolio Assets Taxes Investing 83

Random Roger's Retirement Planning

FEBRUARY 7, 2024

SRRIX lost -11.35% in 2017, -6.14% in 2018 and -4.47% in 2019." They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. It is an unusual exposure, I am not aware of any other funds that are just reinsurance but if you know otherwise please comment.

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Taxes Portfolio Clients Investing 60

Random Roger's Retirement Planning

AUGUST 2, 2023

million should safely kick out $72,000 before taxes (taxes are owed on traditional IRA distributions) assuming a 4% withdrawal rate. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. Working backwards, $1.8 What are your numbers?

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Retirement Numbers Budgeting Taxes 68

Trade Brains

SEPTEMBER 28, 2023

This is a form of indirect tax charged by the government of the respective state. In 2017, the High Court convicted two prison officials relating to the supply of mobile phones in prison. In 2005, a tax demand of Rs 120 crore was levied on Telgi, which was one of the highest tax liabilities imposed on an individual at the time.

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Government Taxes Numbers License 59

Brown Advisory

OCTOBER 22, 2019

Historically, tax treatment—specifically, the ability to deduct various expenses of a family office for tax purposes—was often the critical factor that decided whether a captive family office made financial sense. RELEVANT LEGAL ISSUES—A BRIEF REVIEW The 2017 Tax Act.

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Taxes Management Investing Investments 52

Brown Advisory

OCTOBER 22, 2019

Historically, tax treatment—specifically, the ability to deduct various expenses of a family office for tax purposes—was often the critical factor that decided whether a captive family office made financial sense. The 2017 Tax Act. Ultimately, each family and its trusted advisors need to make its own determination.

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Taxes Management Investing Investments 52

Brown Advisory

OCTOBER 22, 2019

Historically, tax treatment—specifically, the ability to deduct various expenses of a family office for tax purposes—was often the critical factor that decided whether a captive family office made financial sense. The 2017 Tax Act. Ultimately, each family and its trusted advisors need to make its own determination.

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Taxes Management Investing Investments 52

Good Financial Cents

AUGUST 12, 2023

As Robert Kiyosaki (2017) explains in his best-selling book “ Rich Dad Poor Dad ,” passive income can be a way to achieve greater financial independence. READ MORE: How to Make $1,000 Per Month in Dividends Tax Considerations Tax implications for passive income differ from those of active income.

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Risk Tolerance Taxes Compliance Retirement 58

eMoney Advisor

NOVEMBER 10, 2022

With proactive legal and financial advice, the conflict over his name and likeness, large tax bill, and lengthy settlement process wouldn’t have been a foregone conclusion. A judge declared that his six siblings were his official heirs in 2017, but two of them died before the estate was officially settled.

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Estate Planning Clients Planning Financial Planner 78

Harness Wealth

MARCH 11, 2024

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill. Here are 20 tax-efficient actions to consider when filing your taxes in 2024.

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Startup Taxes Medical Retirement 59