On October 26th, we held a webinar to discuss the 2020 election and what the results could mean for year-end tax planning. As we discussed during the webinar, year-end planning during an election year requires us to work within the boundaries of existing laws while also trying to determine what the future could hold.
[Read more…] about Three Critical Year-End Planning Opportunities for 2020How Closed-End Fund Activism Can Offer Value for Shareholders
A closed-end fund (CEF) is a type of Registered Investment Company, similar to a mutual fund. Like most mutual funds, these funds hold a portfolio of underlying stocks, bonds, and other securities. However, there are two important distinctions that make these funds unique.
[Read more…] about How Closed-End Fund Activism Can Offer Value for Shareholders2020 RMD Strategies
If you are over the age of 72 and have a traditional IRA or qualified employer retirement plan, you must take Required Minimum Distributions (RMDs) each year. Failure to do so can result in a 50% “excess accumulation” tax penalty on the amount that was not distributed; in other words, if your RMD is $50,000, the tax penalty is $25,000.
[Read more…] about 2020 RMD StrategiesEstate Planning: Trust Strategies for the Current Environment
Undoubtedly, the last several months have been exceedingly difficult. We hope that you and your family are staying safe and sound during this challenging period.
[Read more…] about Estate Planning: Trust Strategies for the Current EnvironmentClosed-End Funds: An Undercovered Market For The Patient, Value Investor
A closed-end fund (CEF) is a type of mutual fund. Like most mutual funds, these funds hold a portfolio of underlying stocks, bonds, and other securities. But there are several factors that make these funds unique when it comes to how shares are issued and the price these shares trade at.
[Read more…] about Closed-End Funds: An Undercovered Market For The Patient, Value InvestorThe Rising Cost of Retirement
The world’s central banks — the Bank of Japan, the European Central Bank, and the Fed — are tasked with managing inflation within the global economy. In recent years, inflation (as defined by rising prices for goods and services) has remained relatively low.
[Read more…] about The Rising Cost of RetirementYear-End Tax Planning: Now Is The Time To Start
Comprehensive wealth management is about more than just developing a financial plan and putting your assets to work. It should also be about insulating your wealth from unnecessary taxation.
[Read more…] about Year-End Tax Planning: Now Is The Time To StartThe Perils of a Concentrated Portfolio
As a general rule, it’s always wise to diversify your portfolio. This is a common message from wealth managers, and rightly so: diversification can help investors achieve a lower level of market risk for a given level of expected performance.
[Read more…] about The Perils of a Concentrated PortfolioHow Much Value Does An Advisor Provide?
According to a study by Vanguard, advisors provide “about 3.00%” to client portfolios.¹ The study also found that this value isn’t just coming from investment management or asset allocation strategies, it was coming from the more nuanced services that advisors provide to their clients: behavioral coaching, decumulation planning, tax-efficiency, and cost-effective portfolio implementation.
[Read more…] about How Much Value Does An Advisor Provide?A Closer Look At The Durable Opportunities Strategy
Throughout my career, I’ve focused on fixed income and structured finance. I co-manage RVP’s Durable Opportunities Strategy (previously called Durable Income Strategy) along with Bob Huffman and Maury Fertig. In this short article, we wanted to provide insights on how the strategy is managed and where the strategy fits within a diversified portfolio.
[Read more…] about A Closer Look At The Durable Opportunities Strategy