From: Pimco
This Tax Reference Guide provides highlights of the current tax law for financial professionals and investors to be aware of throughout the year. Together with a tax professional, financial advisors and investors should closely monitor the overall tax burden and look for planning opportunities to reduce or minimize the impact of taxes annually. Federal tax schedules and tables are included for the various income and asset categories.
The American Association of Retired Persons (AARP) comissioned a two-year study conducted by attorneys on probate titled A Report on Probate: Consumer Perspectives and Concerns. The AARP study, published in 1990, is one of the most comprehensive and perceptive analyses of the probate system done to date, and it deserves far more credit and publicity than have been given it.
This study produced some very convincing evidence…
From: www.legacy-group.org
Sometimes the ideas we take for granted start to fall apart when we take a closer look. Check out this video to begin separating fact from fiction.
From: Rob Kuharic
From: www.kiplinger.com
Not only can taxes, inflation and health care costs catch you unprepared in retirement, but so can the costs of supporting others and paying for the fun stuff.
Forecasting expenses in the distant future, particularly over the span of several decades, poses a considerable challenge. As we funnel funds into our IRAs or 401(k)s, the prevailing sentiment often leans toward a hopeful outlook,…
From: www.yourcfoguy.com
They are both crucial in Finance & Accounting, yet each tell you different information
Let’s start with some definitions…
➡️ What is a Profit & Loss (P&L)?
In plain English, a P&L tells you what you’re net earnings are, which is the sum of what you’re EARNING, less the expenses you’re INCURRING
In accrual based accounting, that’s all dependent on…
From: www.nstp.org
The law provided for a longer starting age for required minimum distributions (RMDs) to age 73, effective January 1, 2023. The starting age will jump to 75 effective January 1, 2033. A delay in the RMD provides for an opportunity to fine tune the combination of Social Security benefits and distributions by retirement plans and traditional IRAs. The downside is…
From: www.morningstar.com
These maneuvers may even improve your portfolio.
Morningstar’s resident tax guru Sheryl Rowling describes the conventional method of making charitable contributions as “kind of a breakeven” from a tax standpoint. If an individual writes a check to charity, she can deduct the contribution on her taxes, but she’s contributing dollars that have already been taxed.
Of course, contributing to a charity and…
From: www.webfx.com
Artificial intelligence (AI) encompasses everything from chatbots to data analysis systems, helping businesses around the globe create personalized, sales-driving experiences for consumers and business buyers.
Already, analysts predict spending on AI systems reached nearly $118 billion in 2022 and surpass $300 billion in the next few years.
How much does artificial intelligence cost, though? It’s a question companies of all sizes (from enterprises to…
From: Russell Investments
Tax-loss harvesting opportunities always exist and no volatility is too little.
That’s why Russell Investments places a special emphasis on minimizing the capital gains distributions of each of our tax-managed mutual funds, through the use of tax-loss harvesting and other tax management strategies. With a full-year focus on managing taxes, our tax-managed funds have effectively mitigated tax impact and…
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