The Big Picture

JULY 25, 2023

I replied 1 to the tweet, politely pointing out that my colleague Ben Carlson had previously explained that “since 1928, equity market returns including dividends are 70% higher than just equity price returns alone.” On my backup account – I still don’t have access to my actual account !

Assets 246

Assets Accounting Taxes Economics 246

A Wealth of Common Sense

FEBRUARY 16, 2024

Early on in my savings journey I prioritized tax-deferred retirement accounts over all else. I like the ease and simplicity of 401k contributions coming out of my paycheck before it ever even touches my checking account. The set-it-and-forget-it nature of a workplace retirement plan is one of my favorite features.

Portfolio Management 100

Portfolio Management Retirement Planning Portfolio Management 100

The Big Picture

NOVEMBER 27, 2023

1 I’ve had some pretty good market timing calls in my career, and I attribute my success in that space to three factors: 1) Instinct; 2) Low Stakes; 3) Luck. My own track record at making big calls is pretty damned good, but none of our clients wants me slinging around their retirement monies based on my gut instinct.

Marketing 296

Marketing Marketing Math Retirement Planning 296

The Big Picture

OCTOBER 20, 2023

“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. I work 40-60 hours a week and get paid for my time and efforts. One decides to bury them in mason jars in the backyard, while the other sets up an account held in trust.

Investing 338

Investing Investments Math Medicine 338

The Irrelevant Investor

FEBRUARY 17, 2024

I did something dumb and irrational with my investments last week. My car situation, while not great and will expound on in a separate post, is fine. Let’s talk about my investments. I max out my 401(k) and don’t play any games in that account. I have a mortgage on a house that I can afford.

Accounting 112

Accounting Investing Investments 112

The Big Picture

AUGUST 26, 2022

My examples of overpriced, low-performing, abusive account management have been derided as outliers. As often happens in these circumstances, the ex-employee’s book gets divided up among the remaining brokers, whose jobs that weekend becomes retaining those accounts and their assets.

Accounting 353

Accounting Government Assets Management 353

Sara Grillo

APRIL 19, 2024

One of the biggest fears that people have, when they are looking for a financial advisor, is this: “Is it truly impossible for an advisor to say wire themselves a few million dollars from a client’s account?” Please subscribe to my newsletter to receive updates that raise awareness of consumer financial issues.

Financial Advisor 95

Financial Advisor Financial Advice Accounting Compliance 95

The Big Picture

JANUARY 2, 2023

My father’s advice when I joined the team was: Find the fastest guy on the team and keep up with him. My quarter-mile speed was okay, but as it turned out I could maintain that pace for extended distances. No, Jeff had the tech chops, not me, my skillset was more logic, probability & philosophy).

Startup 344

Startup Accounting Banking Management 344

Carson Wealth

NOVEMBER 2, 2023

In my experience, it may be almost as complicated as the Internal Revenue Code! What is the penalty for not signing up for Medicare Part B during my initial enrollment period? What if my Medigap company goes out of business? Will I stay with the same Part D prescription drug plan for the remainder of my life?

Insurance 143

Insurance Medical Planning Accounting 143

A Wealth of Common Sense

SEPTEMBER 7, 2023

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. I get a base salary and a bonus for performance.

Investing 123

Investing Investments Management Accounting 123

The Big Picture

JULY 14, 2023

My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. New York Times ) see also Dude, Where’s My Recession? New York Times ) see also Dude, Where’s My Recession? Sound familiar? Some Wonder if It’s Wrong.

Portfolio Management 242

Portfolio Management Accounting Food Economy 242

The Big Picture

JULY 27, 2023

 Last week, in anticipation of the FOMC meeting, I hopped into the shed with Pete Dominick, and as always, we BS about everything, from inflation to the Federal Reserve, AI, bad models, and my hacked Twitter account.

Accounting 130

Accounting 130

Abnormal Returns

OCTOBER 4, 2023

(theretirementmanifesto.com) Retirees increasingly need to take climate change into account when it comes to deciding where to live. obliviousinvestor.com) Should I invest or pay off my mortgage? nextavenue.org) Don't retire from work without a plan. tonyisola.com) Mortgages How to compare the return on bonds vs. your mortgage.

Planning 248

Planning Retirement Retirement Planning Financial Advisor 248

The Big Picture

APRIL 7, 2023

My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the real world.

Valuation 290

Valuation Advertising Economy Food 290

A Wealth of Common Sense

APRIL 13, 2023

I’m currently maxing out my 401k, Roth IRA, and have roughly $45k in a taxable brokerage account. Via my company’s ESOP, my company’s stock has become 20% of my brokerage account even after selling a good chunk steadily over the past several years.

Asset Allocation 100

Asset Allocation Accounting Assets 100

Abnormal Returns

MARCH 15, 2023

morningstar.com) Banking Eight questions about the banking panic of 2023 including 'Is my money safe?' contessacapitaladvisors.com) Personal finance Early retirement doesn't mean you shouldn't fund your retirement accounts. (open.spotify.com) Christine Benz and Jeff Ptak talk with Robert Powell about generating income in retirement.

Retirement Planning 222

Retirement Planning Retirement Financial Services Financial Advisor 222

Abnormal Returns

JANUARY 15, 2023

Top clicks this week Nine retirement myths including 'I’m frugal and plan to live on 50% of my pre-retirement income.' allstarcharts.com) High yield bank savings accounts are now actually high yield. humbledollar.com) The bear market is already over. awealthofcommonsense.com) What a personal net worth statement tells you.

Retirement 162

Retirement Accounting Banking Planning 162

The Big Picture

NOVEMBER 15, 2023

My answer surprised him: “ I love speculation, adore market timing, and enjoy stock picking.” 2 – Use a Cowboy Account : Set up a separate trading account with a few percent of your liquid net worth (no more than 5%). During our Q&A, he asked if I hated market timing and speculation.

Investing 343

Investing Investments Portfolio Economics 343

Abnormal Returns

MAY 10, 2023

peterlazaroff.com) George Grombacher talks with Jonathan Clements about his new book "My Money Journey." ofdollarsanddata.com) Some evidence that couple should maintain joint checking accounts. Podcasts Peter Lazaroff talks with Mike Piper author of "After the Death of Your Spouse: Next Financial Steps for Surviving Spouses."

Math 228

Math Estate Planning Retirement Banking 228

A Wealth of Common Sense

JANUARY 19, 2023

A reader asks: Is it crazy to be 100% in stocks from age 32 to sometime in my 50s for my retirement accounts? And another reader asks a similar question: I don’t get why people work a 30+ year career while investing in stocks only to glide path into a heavier bond allocation around retirement.

Portfolio 144

Portfolio Retirement Accounting Investing 144

The Big Picture

JULY 2, 2023

My Sunday morning look at incompetency, corruption and policy failures: • The Military Recruiting Crisis: Even Veterans Don’t Want Their Children to Join : Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away. Avert your eyes!

Ethics 258

Ethics Recruitment Accounting Consulting 258

The Big Picture

MAY 28, 2023

My Sunday morning look at incompetency, corruption and policy failures: • We Want Them Infected : These ‘experts’ sold the U.S. Binance customers shouldn’t “need a forensic accountant to find where their money is,” said John Reed Stark, a former chief of the Securities and Exchange Commission’s Office of Internet Enforcement.

Accounting 290

Accounting Medical Numbers Assets 290

Advisor Perspectives

APRIL 25, 2024

Advisors can save time and minimize errors by using trading and rebalancing tools, portfolio management and CRM systems to manage accounts. Automation in data analysis also frees up time to provide more personalized advice or pursue new business.

Portfolio Management 59

Portfolio Management Accounting Portfolio Management 59

Clever Girl Finance

FEBRUARY 2, 2024

The SEP-IRA (AKA Simplified Employee Pension) Expert tip: Understand your risk tolerance How to save for retirement in your 20s when you’re just starting out How much should I contribute to my 401(k) in my 20s? How much should I contribute to my 401k in my 20s? ” to “What are my options for saving?”

Retirement 81

Retirement Risk Tolerance Taxes Accounting 81

Abnormal Returns

JANUARY 11, 2023

mullooly.net) Banking High yield bank savings accounts are now actually high yield. npr.org) Retirement Nine retirement myths including 'I’m frugal and plan to live on 50% of my pre-retirement income.' the-long-view.simplecast.com) A discussion about when it is time to adjust your retirement plans.

Planning 203

Planning Retirement Planning Retirement Retail 203

The Big Picture

OCTOBER 12, 2023

Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. If there was a silver lining to the lockdowns, it is that most of us have accounts with many other retailers (Target, Walmart, InstaCart, Chewy, etc.)

Advertising 330

Advertising Retail Accounting 330

The Chicago Financial Planner

NOVEMBER 27, 2022

Both plans require minimal administrative work, though once the balance in your Solo 401(k) account tops $250,000, the level of annual government paperwork increases a bit. If you want to contribute to a Roth account, for example, ensure that this is possible through the custodian you choose. Rowe Price, and others. Click To Tweet.

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Advisor Perspectives

APRIL 18, 2024

My guest will discuss what advisors need to know about cash sweep accounts and how advisors can evaluate different platforms. One year after the collapse of SVB, fiduciaries need to understand the cash management platforms on the market, including the fine print that can make or break a client relationship.

Accounting 64

Accounting Clients Management Marketing 64

The Big Picture

JANUARY 26, 2023

My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters.

Accounting 288

Accounting Portfolio Investing Investments 288

Abnormal Returns

APRIL 26, 2023

open.spotify.com) Rates Why your checking account doesn't pay any interest. advisorperspectives.com) Books Eight insights from "My Money Journey" including 'Don't discount the role of luck.' (morningstar.com) Peter Lazaroff talks 'simple investing' with Rick Ferri. peterlazaroff.com) Morgan Housel on what our brains really want.

Risk Management 210

Risk Management Accounting Management Investing 210

The Big Picture

MAY 3, 2023

My mid-week morning train reads: • This company adopted AI. Here’s what happened to its human workers : Economists found AI caused a group of workers to become much more productive. Backed by AI, these workers were able to accomplish much more in less time, with greater customer satisfaction to boot. Into thin air.

License 266

License Planning Economics Accounting 266

Carson Wealth

DECEMBER 8, 2023

That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. As has become an annual ritual, I used the holiday weekend to review any year-end actions which may be necessary or desired to impact my 2023 income tax liability.

Planning 143

Planning Retirement Planning Taxes Retirement 143

Carson Wealth

MARCH 7, 2024

By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? Most individuals choose to have a certain amount of money transferred from each paycheck directly into their investment accounts so they don’t even have the option to spend it.

Retirement Planning 143

Retirement Planning Retirement Planning Risk Tolerance 143

MainStreet Financial Planning

FEBRUARY 16, 2024

As I celebrate my birthday this month, I’ve chosen to forego the usual fanfare and instead take a moment to contemplate the year ahead. This year, my focus is on intertwining health with wealth and financial success, recognizing the profound connection between the two. and 7 Minute Workout has streamlined my fitness journey.

Accounting 74

Accounting Financial Planning Planning Banking 74

Tobias Financial

APRIL 12, 2024

But that’s not all; during his academic pursuits in accounting, Lonnie also ventured into the travel industry, working as a travel agent. Lonnie found guidance and inspiration from his father, who holds a bachelor’s degree in accounting. “My Tobias Financial Advisors is thrilled to have Lonnie on our team.

Financial Advisor 52

Financial Advisor Ethics Accounting Clients 52

The Big Picture

OCTOBER 2, 2023

My back-to-work morning train WFH reads: • October Almanac: Bear-Killer, Bargain Month, Turnaround Month : Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres.

Economics 245

Economics Accounting Banking Media 245

The Big Picture

SEPTEMBER 14, 2022

“Sure I’ve missed the last 6,000 points of the rally,” says Sherman McCoy of First Swiss-Credit Boston, who shifted his assets into gold last spring, “but when the correction comes, my position is going to be looking pretty good.”. “I Now that PE ratios are 67 times higher, my argument is more intellectually coherent than ever.”.

Marketing 341

Marketing Marketing Financial Services Accounting 341