theonlinetaxguy

Big banks continue to be a profitable group despite being immensely disliked on the Wall Street, CNBC’s Jim Cramer said Monday. “I think this group is hated,” Cramer said on “Squawk Box,” shortly after Bank of America reported better-than-expected second quarter earnings. “More hated than I’ve seen than any other time other than 2009 and
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s post addresses whether a questioner can file a restricted application, whether earnings after FRA affect benefit amounts, if a particular strategy makes sense, potential effects of remarriage on benefits and getting
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How we spend time plays an important role in retirees’ emotional and psychological health, and how they feel about their retirement. When we retire, we move from the role of ‘producer’ to that of ‘non producer’. The resulting feeling of being unproductive can threaten one’s sense of purpose and self-worth. By having personally meaningful tasks, we
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Shutterstock For years, there’s been a debate raging in the financial planning community surrounding something that’s colloquially become known as “The Back-Door Roth IRA.” Some practitioners (including myself) have been advocates of the planning strategy, which involves a two-step process that effectively enables certain high-income taxpayers to skirt the Roth IRA contribution income limits, viewing
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Shutterstock With the largest intergenerational wealth transfer in recent history set to take place over the next few decades, legacy planning is becoming an increasingly important topic of conversation among high net worth families. Beyond traditional estate planning, legacy planning is an opportunity to define, reflect on, and express what wealth really means to a
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Huge sums of investor cash have poured into exchange-traded funds during this past year (and during the whole bull market) with billions of dollars sitting passively in funds betting on the very largest U.S. stocks. But new research suggests this money is betting on funds with a methodology that might not offer the best returns
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