All tagged financial advisor
Do you know why bear markets happen?
Or what you should do during them?
If you wait till it happens, like the titanic, it’s too late. It’s important to do the lifeboat drills before you need them.
Use this newsletter as your bear market lifeboat drills.
In this issue of the Aquila Wealth Newsletter, we’ll explore these questions and much more, giving you the facts about bear markets. Click here to check it out!
The U.S. has not been debt free since 1835 – should you be debt free?
As the summer of 2019 heats up, talk about the national debt spiraling out of control will too.
But what is the national debt and should investors worry about it? More importantly, can the national debt teach investors a thing or two?
Tips to make sure you are not getting general “one-size fits all” advice
Professional financial advice targeted toward you, your life and your goals works much better than generalized, scattershot investing tips.
After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you may see a reduction in the amount of taxes you owe after the age of 65, you still need to plan ahead if you want to minimize your tax bill from the IRS.
In October, the Center for Retirement Research at Boston College published a research paper showing how policies in the Netherlands that delay retirement can increase longevity, especially for men. The working paper, “How Does Delayed Retirement Affect Mortality and Health?” was written by research economists Alice Zulkarnain and Matthew S. Rutledge. The authors observed that older Americans have been retiring later for a number of reasons, including because work is becoming less physically demanding, employers have shifted from defined benefit to defined contribution pensions, and Social Security’s incentives are changing. The researchers cautioned, however, that understanding the implications of working longer for mortality and health is complicated, because people who are healthier tend to work longer than people who are less healthy.
In response to the significant changes to the tax deduction rules under the Tax Cuts and Jobs Act (TCJA), many taxpayers are searching for ways to recover some of the tax benefits associated with itemizing deductible expenses that have been eliminated. Taxpayers who were previously able to lower their tax bills by itemizing may want to consider using a “bunching” strategy, which generally means either accelerating or deferring deductible expenses so that more of these expenses fall in a single tax year rather than in multiple tax years.
The Tax Cuts and Jobs Act (TCJA) of 2017
The Tax Cuts and Jobs Act (TCJA) of 2017 created substantial new tax breaks for companies of all sizes, but owners of smaller businesses in particular may still be reviewing how much their tax burden could change under the new legislation. The deductions individual business owners can take advantage of and the value of these tax breaks will vary considerably depending on the nature of their business activities, their income levels, and other factors that they may be able to adjust to maximize their tax benefits.
People are just becoming acquainted with the idea of digital money in the form of cryptocurrencies like bitcoin, where transactions are recorded on a secure distributed database called a blockchain. And now along comes a new concept: the blockchain-based token, which I’ve been following as a blockchain researcher and teacher of courses about cryptocurrency and blockchain tokens.
But it’s easier to get into Harvard than get an administrative assistant job
On Friday, September 7th, the United States Department of Labor released the “Employment Situation” report and there were some fascinating and quirky data points. Let’s examine a few: