If you invest in real estate, we hope you’re not actually paying capital gains taxes on it. It’s possible to defer those gains for your entire lifetime. And even then, you can set up your inheritors in a way that minimizes their tax impact. It’s all perfectly legal, thanks to two different quirks of U.S. […]
January 1, 1960. The defending champion Boston Celtics were clearly playoff-bound. That night, though, they struggled against the last-place Cincinnati Royals and went into halftime tied at 60 points each. The Royals went on to win comfortably, 128-115, and the Celtics failed in their attempt to win an all-time league-record 18 straight games. “Cincinnati, which […]
A farm bank failed because its president stole almost $50 million of its money. He sits in Leavenworth, convicted for embezzlement following a joint investigation of the FBI, FDIC, Federal Reserve and Federal Housing Finance Agency. His name is Shan Hanes, former CEO of Heartland Tri-State Bank, late of Elkhart, Kan. As twisted as all […]
If you follow the stock market closely, then you know about the “Magnificent 7” tech companies that hold an inordinate amount of the S&P 500’s market cap. The term was invented as recently as 2023, so there’s no shame in not having heard of this grouping before. Bank of America chief investment strategist Michael Hartnett […]
In one of his last acts in office, former President Biden signed the bipartisan – JD Vance’s last yea vote on substantive legislation as an Ohio senator – Social Security Fairness Act. Passing the House of Representatives 327-75 and the Senate 76-20, it effectively eliminates two policies that have burdened American retirees for 40 years. […]
The work of balancing a portfolio never ceases. The economy fluctuates, nations rise and fall, nature does what it will. We are all well-advised to react to such exigencies by shifting our resources out of assets that are ill-suited to the new normal and into those that are more likely to thrive. And while “new […]
Maybe it’s OK to use “tax deduction” and “tax credit” interchangeably in casual conversation, providing you’re not talking to an IRS agent. There’s an immense difference between these tax bill reducers, and if you haven’t already retained someone who knows the difference, now – now! – is the time to find one. Deductions We usually […]
We’re excited to share that Smith Anglin Financial has once again been recognized as one of InvestmentNews’ Best Places to Work for Financial Advisors! Earning this distinction for the 7th consecutive year is a true honor, reaffirming our commitment to fostering an environment where advisors can thrive and do their best work. This award highlights […]
In President Trump’s first weeks back in office, he has made it clear that he will call out longstanding friends and foes without distinction if they don’t comply with his administration’s demands. He risks – practically invites – a trade war with China, a traditional economic rival. But he’s also going toe-to-toe with Mexico and […]
We’re about to tell you everything you need to know about filing your 2024 taxes. We want you to absorb it all, take it to heart, act on it, then promptly forget it because 2025 could be completely different with tax changes. This is the part you need to read Here are the items that […]
