Puerto Rico Exits Bankruptcy
Written by: Robert Veres Did you know that a major U.S. territory had filed for bankruptcy? On January 19, a federal judge approved a plan to restructure billions of … Read More
When the luck runs out: Why it’s so hard for active fund managers to beat the market
Economist Burton Malkiel penned what is perhaps the most vivid metaphor for describing the difficulty of picking winning stocks. In his groundbreaking book, A Random Walk Down Wall Street, he wrote, … Read More
Bear or no Bear? Does it Matter?
In U.S. stock market history, bear markets—defined as a drop of 20% or more for a broad market index—happen roughly every four years and eight months. With a couple of … Read More
Planning Is a Team Sport: Which Teammates Do You Need?
Talent wins games, but teamwork and intelligence win championships. –Michael Jordan You are a talented business owner. It’s why you win in your market. But when it comes to long-term … Read More
The Importance of Reviewing Your Performace
As the year winds down, it’s important for business owners to raise their awareness of last year’s performance. Knowing what you did well, along with where you struggled, is crucial … Read More
Congress wants to kill the ‘backdoor Roth IRA.’ Here’s what it means for you
I love this guidance from a fellow financial planner: “Save consistently, spend moderately and invest for the long-term,” she said. “The only advice I would add? Stay nimble. Tax rules … Read More
Last-Minute Estate Tax Change
Article By Robert Veres: Advisors throughout the financial services industry, including financial planners, estate attorneys and tax consulting CPAs, are all nervously watching the tax proposals that are working their … Read More
What’s the difference between investing and speculating (and does it really matter)?
The words “speculating” and “investing” often get used interchangeably. And that’s not surprising, since they describe somewhat similar concepts. In both cases, you are laying out money with the hope … Read More
QCDs to the Rescue
When the 2917 Tax Cuts and Jobs Act raised the standard deduction for taxpayers to $24,000 for couples ($12,000 for singles), and lowered individual tax rates, an unintended consequence was … Read More
New IRA Restrictions and Mandatory Distributions
When reports surfaced that PayPal founder and billionaire Peter Thiel had invested his Roth IRA in private equity and private stock in his own company, and managed to turn an … Read More