In Bridgewater's Global Observations, co-CIO Karen Karniol-Tambour discusses why she sees a fundamental paradigm shift to a more inflationary world that markets are being slow to adjust to, as businesses and policy makers operate in a context of greater geopolitical tensions and decarbonization. She also shares how this is playing out in the current cycle … Continue reading Bridgewater Global Observations: Co-CIO Karen Karniol-Tambour On Global Investment Outlook (March 6, 2023)
Category: Financial Planning + Investments
Forbes- Bob Carlson (Forbes Magazine): Key RMD Changes In The SECURE Act 2.0 You Should Know (February 15, 2023)
Bob Carlson, of Forbes Magazine, has made available for download his article, Key RMD Changes In The SECURE Act 2.0 You Should Know, published in Forbes. The abstract is as follows: It’s hard for people to keep up with the more than 100 changes the SECURE Act 2.0 made in retirement plans and related tax … Continue reading Forbes- Bob Carlson (Forbes Magazine): Key RMD Changes In The SECURE Act 2.0 You Should Know (February 15, 2023)
Forbes- Bob Carlson (Forbes Magazine): Know The Risks Of Self-Directed IRAs (February 19, 2023)
Bob Carlson, of Forbes Magazine, has made available for download his article, Know The Risks Of Self-Directed IRAs, published in Forbes. The abstract is as follows: A coalition of regulators recently issued warnings about the risks of some self-directed IRAs that many investors aren’t aware of. There are a couple types of self-directed IRAs. Most … Continue reading Forbes- Bob Carlson (Forbes Magazine): Know The Risks Of Self-Directed IRAs (February 19, 2023)
Ann Carrns (New York Times): A New Option for Moving Retirement Savings When Switching Jobs (2/10/2023)
Ann Carrns, of the New York Times, has made available for download her article, A New Option for Moving Retirement Savings When Switching Jobs, published in [NAME OF PUBLICATION]. The abstract is as follows: Moving retirement savings when switching jobs is about to get easier for millions of workers with small balances. The changes aim … Continue reading Ann Carrns (New York Times): A New Option for Moving Retirement Savings When Switching Jobs (2/10/2023)
Paul Kiel and Jeff Ernsthausen (ProPublica ):How the Wealthy Save Billions in Taxes by Skirting a Century-Old Law (2/9/2023)
Paul Kiel and Jeff Ernsthausen, of ProPublica, have made available for download their article, How the Wealthy Save Billions in Taxes by Skirting a Century-Old Law, published in ProPublica. The abstract is as follows: At first glance, July 24, 2015, seems to have been a brutal trading day for Steve Ballmer, the former Microsoft CEO. He dumped … Continue reading Paul Kiel and Jeff Ernsthausen (ProPublica ):How the Wealthy Save Billions in Taxes by Skirting a Century-Old Law (2/9/2023)
NY Times: For Freelancers, New Federal Help in Saving for Retirement (January 6, 2023)
Thomas Fuchs, in his New York Times Article, “For Freelancers, New Federal Help in Saving for Retirement,” discusses aspects of the new benefits offered for nontraditional workers in the recently passed Secure 2.0 Act, particularly the option of “saver’s match.” The article begins as follows: Even though many gig workers are financially savvy, many worry … Continue reading NY Times: For Freelancers, New Federal Help in Saving for Retirement (January 6, 2023)
Joshua H. Hernandez & Martha J. Mohs (Reinhart Boerner Van Deuren s.c.): SECURE 2.0 and Its Impact on Defined Contribution Plans (January 6, 2023)
Joshua H. Hernandez and Martha J. Mohs, of Reinhart Boerner Van Deuren s.c., has published an article, “SECURE 2.0 and Its Impact on Defined Contribution Plans,” that discusses provisions within the SECURE 2.0 Act of 2022 that have defining changes on qualified retirement plans. The article begins as follows: In our prior alert, we introduced … Continue reading Joshua H. Hernandez & Martha J. Mohs (Reinhart Boerner Van Deuren s.c.): SECURE 2.0 and Its Impact on Defined Contribution Plans (January 6, 2023)
Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Fidelity Charitable has made available for download their article, “Developing Story: Secure Act 2.0 Retirement Provisions.” The abstract and key points are as follows: On December 29, 2022, the president signed into law the 2023 omnibus appropriations bill. The bill contains Secure Act 2.0 retirement provisions and an expansion of the rules for qualified charitable … Continue reading Fidelity Charitable: Developing Story: Secure Act 2.0 Retirement Provisions
Nina Olson (Procedurally Taxing): Racial Disparities in IRS Audits (January 31, 2023)
Nina Olson, Executive Director of the Center for Taxpayer Rights, has made available for download her article, “Racial Disparities in IRS Audits,” published in the Procedurally Taxing blog. The abstract is as follows: Following up on Les’ post yesterday about the upcoming symposium on race and taxes, I want to draw our readers attention to … Continue reading Nina Olson (Procedurally Taxing): Racial Disparities in IRS Audits (January 31, 2023)
CNBC: Warren Buffett: Guide to Investing
CNBC has made available for download their article “Warren Buffett: Guide to Investing,” which introduces three principles and other important tips that have contributed to Warren Buffett’s overall success as an investor. The article begins as follows: For Warren Buffett, deciding what stocks to buy is “simple but not necessarily easy.” He spends most of … Continue reading CNBC: Warren Buffett: Guide to Investing
Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
Forbes has published an article, “New Tax Law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity,” which discusses three types of split-interest entities which have experienced a change in requirements when qualifying for one-time QCD elections as a result of the SECURE 2.0 Act. Additionally, they present methods to take advantage … Continue reading Forbes: New Tax law Rewards Charitable IRA Retirees With A $50, 000 Income Tax Deferral Opportunity (December 30, 2022)
NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)
Till Lauer, in his New York Times article, discusses the new qualifications modified with the ABLE Age Adjustment Act in the recent spending bill. His article, “Savings Accounts for Disabled People Are Opened to More of Them,” begins as follows: Disabled Americans recently scored a victory when Congress approved an expansion of state-based accounts that … Continue reading NY Times: Savings Accounts for Disabled People Are Opened to More of Them (January 20, 2023)
Forbes: The SECURE 2.0 Act’s Impact on Roth IRAs (December 22, 2022)
Forbes has published an article, “The SECURE 2.0 Act’s Impact on Roth IRAs,” which discusses the impacts Roth IRAs will experience as a result of the SECURE 2.0 Act and how to adjust one’s plans accordingly to these effects. The article begins as follows: As a special Christmas present to all of us, the Secure … Continue reading Forbes: The SECURE 2.0 Act’s Impact on Roth IRAs (December 22, 2022)
TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays (December 29, 2022)
The National Taxpayer Advocate has made available for download their article, “TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays,” published in The National Taxpayer Blog. The abstract is as follows: TAS will launch a Pre-Filing Season Awareness outreach campaign in January. … Continue reading TAS Tax Tip: TAS shares tips to help taxpayers prepare tax returns without issues that cause return processing errors and refund delays (December 29, 2022)
Forbes: 5 RMD Changes Looming With Passage of SECURE 2.0 Act (December 22, 2022)
Forbes has published an article, “5 RMD Changes Looming With Passage Of SECURE 2.0 Act,” which discusses five provisions in the Secure 2.0 Act that holds the most influence in changing required minimum distributions (RMDs) policies. The article begins as follows: Back when the SECURE Act passed in 2019, I wrote an article for Forbes … Continue reading Forbes: 5 RMD Changes Looming With Passage of SECURE 2.0 Act (December 22, 2022)
Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)
Albert Feuer, of Law Offices of Albert Feuer, has made available for download his article, “What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits?,” published in the NYSBA Trust & Estates Journal, Vol. 55 No. 4 (2022). The abstract is as follows: The estate planning of an individual who owns a professional or … Continue reading Albert Feuer: What is Complete Estate Planning for a Proprietor’s 401(k) Plan Benefits? (December 15, 2022)
Victoria J. Haneman: Dynasty 529 Plans and Structural Inequality (March 12, 2022)
Victoria J. Haneman, of Creighton University- School of Law, has made available for download her article, “Dynasty 529 Plans and Structural Inequality,” published in Washburn Law Journal, 2022. The abstract is as follows: The tax advantages available through 529 accounts, such as the potential for perpetual tax-free growth, have been maximized by the wealth defense … Continue reading Victoria J. Haneman: Dynasty 529 Plans and Structural Inequality (March 12, 2022)
Forbes: SECURE 2.0 Passes —- Here’s What It Means To Your Retirement (December 23, 2022)
Forbes has published an article, “SECURE 2.0 Passes —- Here’s What It Means To Your Retirement,” which discusses how the recently passed SECURE 2.0 Act influences retirement planning and analyzes the future implication of these changes for retirement savers. The article begins as follows: In the dark of the night, snuggled within the 4,000+ page … Continue reading Forbes: SECURE 2.0 Passes —- Here’s What It Means To Your Retirement (December 23, 2022)
Forbes: Secure 2.0 Act Allows Later Distribution of IRAs (December 27, 2022)
Forbes has published an article, “Secure 2.0 Act Allows Later Distribution of IRAs,” which discusses the benefits of the recently passed Secure 2.0 Act, specifically in regards to Qualified Charitable Distributions (QCDs), and how taxpayers can strategically take advantage of this development. The article begins as follows: Congress has passed legislation benefitting savers who have … Continue reading Forbes: Secure 2.0 Act Allows Later Distribution of IRAs (December 27, 2022)
NY Times (December 16, 2022): Hardship 401(k) Withdrawals, Explained
Ann Carrns, in her New York Times article, discusses hardship withdrawals from workplace retirement accounts. Her article, “Hardship 401(k) Withdrawals, Explained”, begins as follows: Hardship withdrawals from workplace retirement accounts are edging upward — another sign, along with rising credit card debt, that Americans have been feeling financial pain from inflation. “Their budgets are stretched thin,” said Luis … Continue reading NY Times (December 16, 2022): Hardship 401(k) Withdrawals, Explained
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