In a recent issue of The American, Andrea, Head of Advanced Planning, discusses social impact investments. As it is becoming increasingly common to invest in a manner consistent with specific values and principles, you may want to learn about how to weave social investment into your investment plan. For the full article, please click here.
The Tax Cuts and Jobs Act was officially introduced by the House Ways and Means Committee Chairman, Kevin Brady on 2 November 2017. The 429 page proposed legislation builds on the baseline framework that was introduced back in September.
I attended a conference earlier this week and one of the featured speakers, Jeffery Coyle of Monograph Wealth Advisors in California, discussed the role of fixed income over time in an asset allocation strategy. The presentation was thought-provoking because it was, in many ways, contrary to generally accepted industry practices.
Following on from Tor’s article last week, Mark shares his thoughts on the topic of behavioural finance with a focus on investor characteristics and psychology.
Professor Richard H. Thaler of the School of Business at the University of Chicago has been awarded the Nobel Prize in Economics for his work within behavioural finance. This is the second time a behavioural finance economist has won the prize since Daniel Kahneman in 2002.
The new pension freedoms on offer since 6 April 2015 have allowed individuals to become more strategic in the way they access their UK retirement funds. Traditionally, the tax-efficient way to drawdown your assets in retirement is to access taxable assets, tax deferred assets and tax exempt assets. These freedoms provide the ability to meet retirement needs in a way that can also mitigate your tax bill.
It is not uncommon for individuals to hold a position in company stock within their 401k plans. These shares are often held alongside broader fund investments usually until an individual either leaves employment with the company or retires.
After much anticipation, last week Republicans released their roadmap for revamping the US tax code. Passage of large scale tax reform will almost certainly be met with resistance and this is only the first step in the process but it provides some important insight into the intended direction of the upcoming debate that will take place over the next few months.
We are now firmly post summer holidays and autumn is getting into full swing. With year end fast approaching, it can be a good time to begin thinking about year end planning strategies to help minimise tax.
The topic of money and how it should be saved, spent and invested is often intensely personal. What money means to individuals many times represents an amalgamation of life experiences, outlook and your innate behavioural tendencies. As different people view financial decisions and subsequent planning needs in very different ways, it can be a topic that is avoided among family members so as to maintain privacy, or avoid tense and awkward conversations.