Divorce in your 40s and early 50s occupies a specific financial territory that does not get discussed enough. You are not in your 30s, when the asset base is smaller and the runway to rebuild is long. And you are not in your late 50s or 60s, where the gray divorce conversation addresses concentrated retirement […]
Got PFIC’s in your overseas portfolio? This one is for you. In this post, I’ll discuss the passive foreign investment company (PFIC). I’ll address the origin (briefly), the taxation, and how you can tell if there is a PFIC lurking in your overseas accounts or not. I’ll conclude with how to think about them if […]
I recently attended the Basis Northwest Conference in Seattle, which centered around tax-aware investments and how the landscape is changing. About 30 years ago, ETFs were the hot new thing. But as wealth continues growing and incomes rise, they’re not enough to meet the demands of high-net-worth investors. More often, clients are coming to me […]
IPOs and the excitement surrounding them tend to bring out investors’ emotional biases. Fear of missing out on big potential gains, excitement over the “hot stock” everyone’s talking about, or the optimistic belief that a company’s recent growth means more is coming—these can all influence an investor’s decision-making process. When a well-known company finally goes […]
[To continue our coverage on the Organic Growth Crisis in Wealth Management, we spoke with Jeremi Karnell, Chief Product Officer of VastAdvisor – an AI-powered organic growth platform designed specifically for RIAs and wealth enterprises. We are happy to publish his guest article, which explores and uncovers the underlying reasons and structural problems with traditional industry growth models and the […]
It’s sometimes hard to keep track of all the different ways criminals scam people out of money. Financial fraud is only getting worse every year. There is one type of scam that is getting more popular and is resulting in financial losses for millions of people. It’s called pig butchering. Don’t let the goofy name fool you. […]
The “Rule of 55” is a useful tool for early retirement. However, retiring early is a relatively new concept, so the mechanics of withdrawing funds from retirement accounts can be a little complex. If you know the rules and exceptions, you can easily patch together a penalty-free withdrawal strategy to fund your retirement. We want […]
[The global energy markets are under increasing strain due to the heightened risks from geopolitical actions, supply disruptions, and price volatility. Beyond this current reality, investing in the global energy markets offers great long-term growth potential for an investment portfolio. Capturing this opportunity, though, requires a deeper knowledge of the particular dynamics and complex drivers […]
Most people think estate planning is about money, but it isn’t. What it’s really about is clarity around how the people you love are cared for and that your wishes are understood when you’re no longer here to explain them yourself. For couples coming together mid-story, that clarity matters even more. A stepfamily carries layered […]