401(k) Real Talk Episode 101: April 10, 2024
Open, honest, and candid discussion about March job growth, advisor conflicts of interest, whether the 401(k) era is over, and more. Source link
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Unusual peak: Gold and stocks are simultaneously high
In the unpredictable world of finance, there is little certainty. However, one thing that has been consistently observed is that gold and stocks usually do not peak at the same time. These two asset classes are often seen as correlated. When stocks are doing well, gold tends to underperform and vice versa. However, in a…
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IWI focuses on Alts, Investment Implementation with CIMA Variations
The Institute of Investments & Wealth, the professional organization that administers the Certified Investment Management Analyst (CIMA), Certified Private Wealth Advisor (CPWA) and Retirement Management Advisor (RMA) certifications, has updated the CIMA curriculum and exam for the first time first since 2019. The organization has changed about 20% of the exam and learning requirements to…
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Savings among the rich: a closer look
In a world where wealth is often associated with extravagance and waste, there is a unique breed of millionaires who defy this stereotype. They are the frugal millionaires, individuals who, despite their considerable wealth, choose to live frugal and simple lives. This article explores the lifestyle of a frugal millionaire, highlighting their unique habits and…
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Focused on the future: You will be influenced by emerging trends
In this episode of Focused on the Future, Suzanne Siracuse talks to Will Trout, director of the securities and investments practice at Datos Insights, about how technology advances are impacting our industry and why the major resurgence of alternative investments and the futures client will require personalization of advice. Specifically, Will discusses: Evolution of…
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Understanding and overcoming anxiety through meditation
Anxiety, a widespread mental health issue, has become the most prevalent psychological disorder worldwide. Despite its widespread prevalence, it is completely solvable, provided we are willing to take the necessary steps. The key to understanding and overcoming anxiety lies in knowing its root cause: overthinking. Excessive thinking loop Overthinking is a mental habit in which…
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The psychology behind wealth management
The death of Daniel Kahneman, an Israeli-American author and psychologist, got me thinking. Like me, Kahneman had deep ties to my hometown of Chicago. While we never met, I admired his Nobel Prize-winning work in behavioral economics and his explanation of the important role of psychology in financial decision-making. For example, he pioneered work involving…
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The IRS releases its 2025 revenue proposals
The IRS has released its revenue proposals, noting its policy priorities in the area of estates and gifts, many of which carry over from previous years: Changing the generation pass-through (GST) transfer rules applicable to trusts that are designated as non-pass-through persons because they include a charitable beneficiary. Implementation of rules to limit…
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Side hustles are driving new businesses, entrepreneurship: Report
The number of small businesses created by founders who already had a job almost doubled from 2022 to last year. A new survey of 1,345 business owners by the payroll company Gusto found that 44% of new businesses in the US started as side jobs in 2023, up from 27% in 2022. A quarter of…
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The founder and the name of the RIA are being sued for stealing clients, trade secrets
Founders of Precedent Wealth, a San Antonio RIA providing profit sharing to customersare being sued by the bank that owns their former firm for allegedly stealing confidential information and trade secrets while acting improperly toward illegal customers served at their former firm. Cadence Bank, which bought Linscomb & Williams in 2012, sued brothers Harold and…
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