Could Converting to a Roth IRA Be Right for You?
…rsion, especially if they are under age 59½. May be pushed into a higher income tax bracket by the income from the Roth IRA conversion, in which case doing the conversion over multiple years could be considered.
IMPORTANT CAUTION
Though distributions from the Roth IRA are generally exempt from federal and state income tax, there are times when taxes or penalties may be imposed. Every situation is different and we would
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Borrow more, invest more, deduct more
…rently below 4 percent across home loan types [Bankrate]. That can allow them to not only borrow more, but also access more of their home equity in the form of cash. Next, homeowners can reinvest that cash into the public or private markets. With many assets – stocks, real estate, private investments – anticipated to be at their most attractive valuations in years,…
Privacy in a Pandemic – 5 Steps to Keep Your Family Protected
…gh to prevent identity theft.
Take the additional step of adding a free online security freeze with each major credit bureau. You will need to remove the security freezes when you want to initiate a new hard or soft credit inquiry. An example of a soft credit inquiry is when you check to see what credit cards you prequalify for. An example of a hard credit inquiry is when you apply for a mortgage, and your full credit report needs to be re…
The AI Productivity Boom
…chip as described by Moore’s Law, doubling every 18 months. ChatGPT-4, the latest version, is acing human certification exams with which ChatGPT-3.5 had difficulty. ChatGPT-4 ranked in the 90th percentile of the Uniform Bar Exam while ChatGPT-3.5 ranked in the 10th percentile. Moreover, according to Business Insider, GPT-4 had a shot at passing the CFA exam, a test in which last year’s CFA Level pass rate was 35 per cent. Perhaps your next wine en…
Getting America Back to Work
…ed locally with results available in minutes, not days. The second type of test is a serum antibody test, which detects antibodies that the immune system has produced to fight COVID-19. The antibody test helps determine who has already been infected and is unlikely to contract COVID-19 again, or spread it. By administering these two tests, policymakers would be able to quickly categorize their populations into the four categories the British plan …
QOZ Investors Receive More Clarity on Rules for Operating Businesses
… conduct” or where income is earned (inside or outside a QOZ).
Gross Income Test Safe Harbors
The new regulations provide more clarity around the 50% gross income test in the form of three “safe harbors” or tests. A QOZ business will satisfy the 50% gross income test if it achieves any one of the following:
More than 50% of the service hours performed for the business by its employees and independent contractors are performed within t…
Cresset’s Five Themes for 2021
…icularly the Fed, into an uncomfortable position. The rate-setting Federal Open Market Committee has pledged to keep overnight interest rates near zero until 2022 at least. They also plan to let inflation “run hot.” Bond investors are beginning to price in 2+ per cent inflation, according to the yield differential between inflation-protected Treasuries and fixed-rate notes. While we don’t believe Chairman Powell & Co will hike their benchmark Fede…
Master Your Money: Best Practices to Secure Your Financial Independence
…s today. Consider filling out a personal net worth worksheet to document your accounts. Make the invisible, visible. We all have a financial track record, but only some people know what it looks like. Being aware of your day-to-day spending that you are already doing can help you mak…
The Creative Destruction Wrought by COVID-19
…open as a result of the prolonged lockdown, according to a recent study by OpenTable, the online restaurant reservation app. Restaurants lost more than $30 billion in sales during March and $50 billion in April, according to National Restaurant Association estimates. More than 12 million Americans worked in bars and restaurants in 2019, according to BLS. Secular trends in our nation’s industries over the last 30 years have promulgated a shift fro…
How Big Are the Impact Investing Opportunities in QOZ Funds?
…r Statistics – https://www.bls.gov/news.release/pdf/empsit.pdf (5) https://www.cnbc.com/2018/09/12/median-household-income-climbs-to-new-high-of-61372.html
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The Side Effects of the COVID-19 ‘Relief’ Plan
…ly 60 per cent below the level it was last year at this time, according to OpenTable.com data.
Meanwhile, with a little more than half of S&P 500 companies reporting, Q4/20 earnings releases are promising so far. The blended earnings growth rate for the S&P 500 is 1.7 per cent, according to FactSet. If that number holds, it will mark the first quarter in which the index posted year-over-year earnings growth since Q4/19. Moreover, 72 per c…
8 Cybersecurity Tips to Keep Your UHNW Family Cyber Safe
…hold rules for internet use, monitoring online activities, and encouraging open communication about suspicious encounters online are also vital steps in cyber attack prevention. Parents should model good cyber “hygiene” and involve children in determining privacy settings and data protection. By working together, UHNW families can help to ensure that everyone stays vigilant and informed, creating a safer digital environment for all family members….
How to support adult children during the pandemic
…ood.com is one option to get started.
Be intentional about open communications. The collective plans of the world have gone awry, and we need to be there for each other as we navigate this new normal. Effective communication doesn’t just happen. Intentionally plan for family meetings, monthly check-ins, occasional progress updates, and/or frequent calls and texts simply to ask, “How are you doing?” This will lead to a bett…
Understanding Emotional Inheritance: A Conversation with Dr. Galit Atlas
…trong>Can you give examples of the kind of secrets that you discuss in the book?
The book discusses the many faces of our emotional inheritance and secrets in the family. It presents secrets related to sex and trauma, such as infidelity, homosexuality, homophobia, and sexual abuse. It discusses secrets related to early trauma and loss, as well as secrets from the time before we were born or from our infancy. Those hidden realities…
Health or Wealth? The Policymakers’ Dilemma
…ided some insulation. The country’s retail sales growth through March, the latest data available, slipped only 1.7 per cent as stores remained open. Sweden’s retail activity compares favorably to that of its neighboring countries, which instituted lockdowns during that month. US retail sales growth suffered the biggest decline, sliding more than 8 per cent, even though American cities didn’t lock down until the middle of the month. Regarding other…
How Do I Teach My Kids To Be Financially Literate?
…TI*href=”https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.investmentnews.com%2Ffinancial-literacy-an-epic-fail-in-america-78385&data=04%7C01%7Cmwalsh%40cressetcapital.com%7Cc29b6e6bc4184901bf3a08d93b4bbcb6%7C412f60986e844ecdb00a45a8a5fd61c6%7C0%7C0%7C637606018748808375%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=n8YZulCuzxTsbSuXwxlzoODMoSYmJNIbaHhsWp%2Bj%2FAc%3D&reser…