Sat.Nov 11, 2023 - Fri.Nov 17, 2023

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Managing Taxes in Retirement using the Effective Marginal Tax Rate

Advisor Perspectives

Research on tax-efficient retirement distribution strategies aims to sequence withdrawals from taxable, tax-deferred, and tax-exempt accounts to maximize after-tax spending. That can be either in terms of meeting an after-tax spending goal for as long as possible or preserving the most after-tax legacy after meeting spending needs over a specified timeframe.

Taxes 126
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Investing Behavioral Hacks

The Big Picture

Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.

Investing 344
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Monday links: overrating education

Abnormal Returns

Crypto The crypto industry is at a crossroads, post-FTX. (on.ft.com) Michael Batnick and Ben Carlson talk with Chris Kuiper, Director of Research at Fidelity Digital Assets. (theirrelevantinvestor.com) Startups The startup scene is living in two different worlds: AI and everything else. (theinformation.com) What rate of return do successful VCs need to get from their investments?

Education 272
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Employee Retention Credit: Helping Clients By Assessing Rules And Eligibility In 4 Phases

Nerd's Eye View

In the depths of the COVID-19 pandemic, many small businesses such as restaurants, entertainment venues, and retail stores experienced cratering revenues, either due to government lockdown orders that forced many non-essential businesses to temporarily shut their doors, or simply due to lack of demand since many of their customers decided to stay at home out of an abundance of caution.

Clients 227
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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The Fed’s Gonna Cut

The Reformed Broker

On episode 118 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Kevin Simpson to discuss: covered call strategies, the Fed, Warren Buffett’s latest moves, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

Marketing 161

More Trending

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Personal finance links: perceptions of wealth

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. (morningstar.com) Brad Barrett talks with JL Collins author of “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them.” (choosefi.com) Withdrawal rates The higher the withdrawal rate, the great the sequence-of-returns risk.

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Optimizing Virtual Client Meetings To Make Them More ‘Real’ And Less Exhausting

Nerd's Eye View

Traditionally, financial planning meetings have been held face-to-face in an advisor's office, and over the years, a body of research has emerged showing that how the advisor's office is laid out can have a significant impact on how clients perceive the advisor, their mood during the meeting, and even their resulting financial planning decisions. However, over the last decade (and particularly since the beginning of the COVID-19 pandemic), many advisors have increasingly been holding virtual cli

Clients 210
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This Week on TRB

The Reformed Broker

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

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Politics and Your Portfolio

The Big Picture

I had fun chatting with David L. Bahnsen of The Bahnsen Group. David hosts a podcast on National Review with the delightfully punny title, Capital Record. David is a card-carrying conservative; we are on the opposite sides of many issues, but we always manage to enjoy a respectful debate about broad issues and theory. I think you will enjoy our conversation… Source : Episode 145: Politics and Your Portfolio DAVID L.

Portfolio 130
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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Top clicks this week on Abnormal Returns

Abnormal Returns

Top clicks this week A five-step framework for reading market news. (tker.co) What does the S&P 493 tell us? (economist.com) This week was a good example why you should never be positioned for extremes. (theirrelevantinvestor.com) Small and mid-cap stocks have badly lagged large caps. (awealthofcommonsense.com) Ray Dalio wants you to forget about the new book written about him and Bridgewater Associates.

Investing 267
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#FA Success Ep 359: Building A Financial Planning Assessment To Show Clients Progress And Value Over Time, With Eric Miller

Nerd's Eye View

Welcome back to the 359th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Miller. Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households. What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to bo

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4 Charts That Explain the Stock Market

A Wealth of Common Sense

I saw a chart this week from Bank of America that more or less sums up my entire investment philosophy: In the long run, stock prices go up. I view the stock market as a way to invest in innovation, profits, progress and people waking up in the morning looking to better their current situation. While I love the fact that this chart illustrates my long-term philosophy it’s a bit misleading.

Marketing 128
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10 Wednesday AM Reads

The Big Picture

My mid-week morning train reads: • How inheritance data secretly explains U.S. inequality : A little over 1 in 5 U.S. households had received an inheritance at some point in their lives as of 2022, according to the Federal Reserve’s remarkable Survey of Consumer Finances. The inheritance rate jumps to 2 out of 5 if you look only at folks in their 70s, who have had more time for their parents and favorite aunts to meet a regrettable but timely demise.

Assets 130
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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

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Thursday links: underestimating risk

Abnormal Returns

Active management Why asset allocators usually fail when it comes to manager selection. (investmentecosystem.com) When does conviction turn into arrogance? (flyoverstocks.com) Finance The London Stock Exchange Group is 'no longer particularly about London — or about trading stocks.' (ft.com) The Nasdaq ($NDAQ) has been on an acquisitions tear. (bloomberg.com) Auto insurance Why Florida has such high auto insurance rates - auto glass lawsuits.

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Weekend Reading For Financial Planners (November 18-19)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that legislative efforts to prevent the enforcement of the Department of Labor's newly proposed "retirement security rule" have a cloudy future, as both Democrats and President Biden are opposing such efforts. Which suggests that, if enacted, the ultimate fate of the proposed regulation, like its similar predecessors, will likely be decided in the courts.

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AIA: "Continuing Decline in Architecture Billings"; Multi-family Billings Decline for 15th Consecutive Month

Calculated Risk

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Continuing Decline in Architecture Billings, AIA/Deltek Architecture Billings Index Reports The AIA/Deltek Architecture Billings Index (ABI) reports that business conditions at architecture firms continued to soften in October. For the third consecutive month, the ABI score was under 50, indicating that a significant share of firms is seeing a decline in billings.

Numbers 128
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Dynasty Sets $100B Growth Goal

Wealth Management

CEO Shirl Penney expects his independent advisor services platform to reach its goal by Independence Day of next year, and he still has plans to take the company public.

Planning 125
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Friday links: a toxic stew

Abnormal Returns

Concentration How worried should you be by an increasingly concentrated stock market? (alphaarchitect.com) Stock market skew makes portfolio concentration dangerous. (awealthofcommonsense.com) Fund management Emerging market investors have a China decision to make. (wsj.com) Bonds vs. bond funds: funds are fine for most investors. (etf.com) AI A deep dive into the state of AI from Coatue.

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Where Does AI Fit in Your Firm’s Future?

Advisor Perspectives

This article provides a brief guide to the AI technologies available (it’s not just ChatGPT), their applications in wealth management, and how your firm can define specific business outcomes to achieve.

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When will the Fed Cut Rates?

Calculated Risk

If we look at the "dot plot" from the September FOMC projections , the median projection is for the Fed Funds rate to decline to 5.125% in Q4 2024 (from the current 5.25% to 5.5% range). That is one 25bp rate cut in 2024. Goldman Sachs economists are projecting the first rate cut in Q4 2024: We continue to expect that rates cuts will start in 2024Q4 and proceed at a pace of 25bp per quarter BofA economists are still projecting one more rate hike, and then three 25bp cuts in 2024 starting in Q2 2

Economics 122
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Institutions Lean on REITs to Complete Real Estate Portfolios

Wealth Management

The latest Hodes Weill Real Estate Allocation Manager found that the most sophisticated institutions still invest in REITs alongside private placements and direct investments.

Portfolio 122
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Finding “The One:” The Ultimate Guide to Selecting Financial Software

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

As finance and accounting practitioners, you are expected to complete daily operations as well as to manage next generation tools and resources to support a business that is growing in complexity. Having the right software can be critical in juggling and meeting those high expectations. The path to the right software, however, is paved with challenging decisions.

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Research links: failed signals

Abnormal Returns

Quant stuff Just because someone says that use quantitative tools, doesn't mean they do. (researchaffiliates.com) Why two investors with the same information can come to different decisions. (mrzepczynski.blogspot.com) Private equity Why you should be skeptical of private equity return claims. (alphaarchitect.com) Why pension funds change their private equity benchmarks so often.

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Fundamental Analysis Of Waaree Renewable Technologies

Trade Brains

Fundamental Analysis Of Waaree Renewable Technologies : Electricity is a necessity and there would be no commercial activity in the economy without energy. Industries and Households require electricity in day-to-day activities and operations. In this article, we are going to fundamentally discuss a company that is into Solar Power Supplier as well as undertake projects on Installation.

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Realtor.com Reports Active Inventory UP YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending Nov 11, 2023 • Active inventory increased slightly, with for-sale homes 0.6% above year ago levels. For 20 straight weeks, the number of homes available for sale registered below that of the previous year. However, active listings exceeded last year’s levels this week, reversing the recent trend. • New listings–a measure of sellers putting homes up for s

Sales 117
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Adjusted for Risk: Uncovering the Expectations of Millennial Investors

Wealth Management

Van Leeuwen & Company's Jeff Mattonelli discusses ways to connect with the generation that relies on non-traditional sources to get their investment ideas and data.

Investing 123
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Transforming Lending: Understanding the Power of Digital Platforms

Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.

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Sunday links: cultivating your unique gifts

Abnormal Returns

Markets U.S. stocks have outperformed internationa; stocks for a decade now. (wsj.com) Close-end fund discounts are at historically high levels. (wealthmanagement.com) Why seasonality matters. (allstarcharts.com) Strategy What it going to happen to all those assets in money market fund when yields eventually fall? (awealthofcommonsense.com) Chances are, you don't need a bespoke portfolio.

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Middle-Class Hourly Wages as of October 2023

Advisor Perspectives

I've updated this series to include the October release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,185, down 8.1% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.

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Why It’s Great to be an Investor Now in 2023

Validea

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — This may seem like a strange headline given the path of stocks over the past two years. Many equity investors, particularly in the small-cap space, are likely looking at their portfolio values and seeing very little growth, and possibly losses. But today’s investor, mostly due to structural efficiencies, technology, fees, optionality and tools, resources and investing education, is probably better off than ever before.