New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps
Common tax-minimizing strategies are difficult or impossible to implement on the trading platforms that have boomed in popularity in the past year.
Articles, Insights & More
Some couples may face a ‘marriage penalty’ under Biden’s tax plan
President Joe Biden is proposing higher taxes on the top 1% to help pay for the $1.8 trillion American Families Plan. But the “marriage penalty” may hit couples earning more than $500,000. Financial experts say tax planning strategies may lessen the sting.
Elimination of Stepped-Up Basis Looks Unlikely, Schwab Lobbyist Says
President Biden’s proposal to eliminate the step-up in basis for calculating inheritance taxes is getting the cold shoulder from both Democrats and Republicans, Schwab’s top Washington D.C. lobbyist told advisors today…….
Cyber Risk Mitigation
What is cyber risk and what can we do about it? Melody Koenig, Chief Information Security Officer (CISO) at FirsTrust, LLC explains how to be more aware of your personal cyber risk and ways for mitigation.
INVEST IN YOU: READY. SET. GROW. Financial advisor, financial planner or robo-advisor? Here’s how to find the right help to manage your money
…….check for advisors who are regulated as fiduciaries because they are required by law to look out for their clients’ best interests.
OPINION – ADVISOR INSIGHT Op-ed: Investors need to know exactly what being a ‘fiduciary’ advisor means
Investors need to ask a financial advisor if they work as a fiduciary at all times. Also, ask your advisors to sign a “Fiduciary Oath” drafted by the Committee For The Fiduciary Standard to make sure that they meet the five core fiduciary principles.
Do I Need A Financial Advisor Or Should I Do It Myself? Here’s When It’s Worth Getting A Financial Advisor.
…….many investors who would benefit from working with a wealth advisor don't seek professional advice or mistakenly think they don't need it. Here are a few signs that you may need a financial advisor.
How To Choose A Financial Advisor as seen in Forbes
…….Do you need help managing your money? If you’re like many Americans, you might need a hand. According to the National Financial Education Council, a lack of personal finance knowledge costs the average American $1,200 a year.