The Big Picture

NOVEMBER 27, 2023

24, 2023 _ 1: In particular, why average outperforms over the long run; Sommers credits not making errors (via Charlie Ellis’ “Winning the Loser’s Game”) but the nuance and math are fascinating. 4: This is a big advantage of a Cowboy account – you can swing for the fences and if you strike out, its irrelevant. More on this later.

Marketing 304

Marketing Marketing Math Retirement Planning 304

Nerd's Eye View

JUNE 21, 2024

Also in industry news this week: A recent survey indicates that financial advisors continue to move towards ETFs and away from mutual funds when it comes to client portfolio recommendations, though a majority of advisors continue to see a role for active management in the investment management process A former employee has filed a lawsuit alleging (..)

Financial Planner 246

Financial Planner Financial Advisor Taxes Math 246

The Big Picture

MAY 9, 2024

No audited returns, mathematically improbable claims, and zero accountability But none of these “influencers” sell securities to clients, so they do not fall under the regulatory oversight of the Securities and Exchange Commission (SEC).2 2 Sure, you can claim mainstream media is bad, but social media is worse.

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Media Taxes Math Commission 336

Darrow Wealth Management

APRIL 21, 2025

While a Roth conversion may never make sense for some individuals, for others, early retirement years may be the best time to convert pre-tax accounts to tax-free Roth. A spouse may also elect to defer RMDs if they inherit the account. Is there an optimal time to convert a traditional IRA or old 401(k) to a Roth IRA?

Retirement 54

Retirement Retirement Planning Taxes Accounting 54

Getting Your Financial Ducks In A Row

OCTOBER 31, 2022

Even though it’s been decided that it was politically incorrect, one popular baby-boomer who is now age 63 once admitted that math is tough (Barbie, of the doll fame, who actually admitted that “Math class is tough”). There’s no shame in admitting that factor – for a lot of us, math can be very tough.

Math 144

Math Retirement Investing Investments 144

Mullooly Asset Management

JULY 28, 2022

“If my required minimum distributions are 5% of my account, does that mean my account will be empty in 20 years?” ” In this week’s podcast, Tom and Casey debunk this common misconception by explaining the math behind required minimum distributions.

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Distribution Accounting Math Retirement 52

Integrity Financial Planning

FEBRUARY 3, 2023

It’s also not a bad idea to review the bank account numbers you included (some of those digits can be lengthy!). Next, let’s face it, not all of us are exceptional when it comes to math. Taxpayers should always confirm that their math is correct, as this is one of the most common mistakes made when filing. [1]

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Taxes Math Accounting Numbers 82

Random Roger's Retirement Planning

NOVEMBER 6, 2023

It's been a while since this sort of thing was relevant for my day job so something could have changed, weeklies didn't exist for example, but if my math is correct then it was way over exposed which would account for last week's decline in the fund price. Please leave a comment if I did the work incorrectly.

Math 105

Math Education Accounting Taxes 105

Clever Girl Finance

JULY 18, 2022

Do the math of your raise. Some quick math will reveal exactly how much extra income you’ll be working with in your monthly budget. If you want to make progress easily, then have your intended savings transferred directly into a separate account. Is it an essential item? After all, you’ve earned it!

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Budgeting Math Accounting Retirement 132

Trade Brains

JUNE 23, 2025

Some of them give short-term personal loans to students if you’ve got your college ID and a bank account.” Decisions, Doubts, and Reality She sat with her notebook that evening, doing simple math. Looking for Other Ways Back at her hostel, Ritika spoke to her roommate Tanya, who had once borrowed ₹25,000 for her own expenses.

Math 59

Math Certification Banking Education 59

Diamond Consultants

OCTOBER 10, 2023

For instance, they bill on ALL assets (including 401ks not custodied at their firm) and get paid on all accounts regardless of size. Plus, they’re flexible with how they price relationships including planning retainers and subscription fees.

Math 52

Math Recruitment Clients Estate Planning 52

Clever Girl Finance

MARCH 18, 2023

Balancing a checkbook is simply making sure all of your bank account transactions match up to the transactions you've recorded in your checkbook. After all, check-writing was how you accessed the money in your account, and it could take days in order for that check to clear. What does balancing a checkbook even mean?

Banking 105

Banking Accounting Math Numbers 105

WiserAdvisor

JUNE 27, 2025

Outliving your savings Here’s the math: the earlier you retire, the longer your savings have to last. The bridge strategy Even the most committed early retirees face a problem: retirement accounts such as 401(k)s and traditional IRAs are generally locked until 59½, and Medicare eligibility starts at 65. Retiring at 55?

Retirement 59

Retirement Planning Retirement Planning Taxes 59

Nerd's Eye View

FEBRUARY 21, 2023

In this episode, we talk in-depth about how after a few mentors in China suggested that Danqin look into private banking and wealth management (as they felt it better suited her than her initial accounting major), she began Googling potential career paths in China but instead came across the CFP Board website and immediately connected with the description (..)

Financial Advisor 130

Financial Advisor CFP Financial Planner Education 130

Harness Wealth

APRIL 30, 2025

Math errors and typos Minor mathematical errors and typos can disrupt the IRS’s automated processing systems and can result in discrepancies that can flag your return for manual review. Foreign accounts Failure to report foreign bank accounts, financial assets, or income can result in severe penalties and trigger an audit.

Compliance 52

Compliance Taxes Accounting Consulting 52

Clever Girl Finance

AUGUST 14, 2022

Especially if you want to know the best way to save money to cover all your expenses and actually enjoy the fruit of your labor, you'll need something better than a run-of-the-mill savings account. The difference between a sinking fund and a savings account. Life happens. A sinking fund helps you to plan for large purchases.

Budgeting 105

Budgeting Accounting Medical Math 105

MazumaBusinessAccounting

JUNE 29, 2020

It may not sound like the most exciting thing, especially if you don’t consider yourself a “math person”, but let’s face the facts, bookkeeping is essential for the success of any small business. All you have to do is connect your business account to our software, and we’ll do the rest. That’s why we’re here!

Math 83

Math Accounting Medical Budgeting 83

Discipline Funds

MARCH 1, 2023

And that’s where the math on renting comes into play. We also don’t fully account for the record high number of units currently under construction that are not yet for sale. But from an aggregated market perspective there is no shortage of places to live. You don’t have to buy a house if you want to live somewhere.

Math 137

Math Numbers Sales Economy 137

Darrow Wealth Management

MAY 22, 2023

But before proclaiming cash is king and parking your money in an FDIC insured bank account, consider your time frame and how you plan to use the money. The silver lining is cash (and equivalents), such as money markets, high-yield savings accounts, CDs, and short-term U.S. Hold cash or invest? But it won’t last forever.

Investments 105

Investments Investing Accounting Wealth Management 105

Mish Talk

DECEMBER 12, 2022

Medium of exchange, unit of account, store of value. Someone do the math for me. Money itself is a commodity but commodities are generally not money. What Is Money? Money is a commodity whose primary function is a medium of exchange. Money has three properties. How much will Michael Saylor be worth? Oh, one more small thing.

Numbers 130

Numbers Math Insurance Government 130

Discipline Funds

MARCH 6, 2024

This is akin to changing a savings account into a checking account. Most of the bonds held by the domestic private sector are held in retirement accounts and by wealthy investors with a low marginal propensity to consume. This is the basic math behind what’s happened to every consumer who owns these bonds.

Banking 119

Banking Government Economy Assets 119

Validea

JUNE 14, 2023

In the mid 1960s, AT&T accounted for a staggering 8% of the S&P 500 while General Motors was 7% of the index ( source ). In 2000, General Electric accounted for over 5% of the S&P 500 ( source ). At their peak, AT&T and General Electric (GE) were titans of industry that dominated the market. times its current value.

Math 109

Math Accounting Marketing Marketing 109

Sara Grillo

APRIL 11, 2023

Here are some Excel models financial advisors can use to create your Chart of Accounts. If you are a flat fee financial advisor download this chart of accounts template. DOWNLOAD FF TEMPLATE If you are an advice only planner , download this chart of accounts template. For those of you who are new to my blog/podcast, hi!

Financial Advisor 97

Financial Advisor Accounting Management Financial Planning 97

Clever Girl Finance

APRIL 22, 2025

Accounting and bookkeeping services 11. Accounting and bookkeeping services Accounting and bookkeeping services are another sector that will be in demand even when times get tough. Food and beverage 3. Retail consignment 4. Courier and delivery services 5. Childcare/daycare 6. Health and senior services 7. Technology and IT 8.

Economy 68

Economy Food Healthcare Economics 68

Clever Girl Finance

FEBRUARY 6, 2023

The term personal finance ratios might be giving you flashbacks to math class. Whether you’re putting money in a savings account, your company’s 401(k), your personal IRA, an investment account, or even setting aside physical cash, it qualifies! Money in a checking, savings, or also money market account is highly liquid.

Numbers 105

Numbers Assets Retirement Budgeting 105

MainStreet Financial Planning

JUNE 28, 2024

A parent owned 529 plan will get counted as a parent asset on the FAFSA, aid will be reduced by 5.64% of the account value. Let’s work out the math, if you have $100,000 in a parent owned 529 plan, then student aid will be reduced by $5,640, over 4 years that is over $20,000! Share budgets and make contribution commitments.

Planning 71

Planning Math Accounting Education 71

Random Roger's Retirement Planning

FEBRUARY 29, 2024

The simple 40 year trade for bonds of "number go up" is finished and as a matter of math, can't be repeated. Several times I've cited corporate issues I've seen in accounts I don't manage maturing in the mid-2030's being carried at 70 cents on the dollar. Taking volatility out of a fixed income portfolio is fairly simple.

Marketing 95

Marketing Marketing Math Portfolio 95

Cornerstone Financial Advisory

JANUARY 8, 2024

Math errors: Simple addition and subtraction mistakes can delay your return. Consider using electronic filing software that does the math automatically to avoid mistakes. Incorrect bank account information: If you opt to receive your refund via direct deposit, provide the correct bank account information.

Marketing 98

Marketing Marketing Taxes Economics 98

The Irrelevant Investor

JUNE 9, 2019

link] I didn't see the "a year" part which changes the math dramatically. If you were contributing $5,000 a year into an investment account with the goal of amassing $1 million, you can get there, assuming like Baron said, you have patience. I have to issue a retraction related to the tweet below. Turns out, Ron Baron is mostly right.

Math 52

Math Accounting Investing Investments 52

Carson Wealth

FEBRUARY 22, 2023

Then I have $105,000 gathering 5% interest in my account, and the next year I make $5,250. The math, despite Einstein’s interpretation, is really fairly simple. Between kids and grandkids, careers and everyday demands, an automatic withdrawal from your paycheck to a distant account is probably not on your mind much.

Retirement 98

Retirement Taxes Planning Math 98

Random Roger's Retirement Planning

JUNE 3, 2024

Do the math on your particulars like what your various sources of earned income will likely be, how much your RMDs will likely be and so on. Work with your accountant though. With more normal scenarios, really crunch the numbers with your accountant. How much are you likely to end up with in your retirement accounts?

Numbers 98

Numbers Taxes Retirement Accounting 98

The Big Picture

NOVEMBER 21, 2023

00:11:16 When Paul met me, I was modeling companies like Priceline in my spare time and investing out of my, you know, probably Fidelity account at the time. But the problem with it is, 70% of the people in this country will never have a savings or investment account. So here’s the math, Barry. So think about this, 3.7

Investing 246

Investing Investments Startup Accounting 246

Random Roger's Retirement Planning

DECEMBER 17, 2023

That might just be mental accounting, maybe for someone else it makes sense to pay those monthly, the point is to not forget about these. What income sources do you have like SS, investment account or anything else? Simple math is that this person needs to save $23/yr to come up with that additional $350,000.

Retirement 75

Retirement Math Insurance Accounting 75

Clever Girl Finance

JANUARY 22, 2024

By participating in these ideas, you can start building a new successful habit and get that savings account built up fast. Further, you could even open up a dedicated savings club account just for your challenges. That’s $3,365 per year when you do the math! 30-day meal planning challenge Eating out is expensive.

Accounting 96

Accounting Budgeting Banking Planning 96

Clever Girl Finance

AUGUST 19, 2022

Accountant . There will always be high demand for accountants — and these roles are now moving online. If you have analytical and math skills, you can put them to good use here. Of course, before you kick things off, you will need to be a Certified Public Accountant (CPA). Photographer .

Accounting 97

Accounting Math Clients Advertising 97

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?

Math 130

Math Management Insurance Assets 130

Random Roger's Retirement Planning

JUNE 30, 2024

We've gone over the math before that starting as late as 55 can catch a lot of the way up if they can afford to save a very high percentage of their income. Flipping the switch from paying a mortgage to saving into a retirement account seems plausible to me. I realize that not every undersaved 55 year old can do this but some can.

Retirement 75

Retirement Math Taxes Accounting 75