“Once you reach a certain age, the IRS wants to be able to begin collecting taxes.”
Wealth advisor Megan Slatter provides insight on how to take required minimum distributions as mandated by the IRS in Maryalene LaPonsie’s US News & World Report article:
This year, Social Security saw the largest increase for cost of living adjustment in more than 40 years at 8.7%. Megan Slatter, wealth advisor at Crewe Advisors, shares insight on this change for retirees.
“We believe Enphase Energy (Nasdaq: ENPH) to be the perfect partner to help LGCY Power capitalize on growth opportunities,” said Michael Bennett, managing partner of Crewe Capital. “As a global leader in energy technology, they were able to quickly recognize LGCY as a standout platform. Enphase’s strategic products and relationships will help LGCY continue on their growth trajectory.”
Stocks are fluctuating as Big Tech companies continue to report earnings. Our CIO Dustin Thackeray chatted with Krystal Hur at CNN Business on the implications of company earnings as it pertains to the current economic climate.
With retail sales estimates falling short this month, it has led to some Fed uncertainty as to how the rest of the summer will shape up. Louise Goudy Willmering provides insight into the economic mixed picture with Isabelle Lee at Bloomberg.
The Dow continued its winning streak yesterday closing up over 300 points. On the heels of some news from Goldman Sach earnings, our own Louise Goudy Willmering joined Reuters TV to discuss how the markets planned to react to moves from the big banks.
How are RIAs and financial firms incorporating artificial intelligence into their day to day operations? Dan Sudit, partner at Crewe Advisors, explains the potential pros and perils of AI in Citywire RIA.
“The trend of slowing year-over-year inflation prints continues for its 12th consecutive month indicating the Federal Reserve’s actions since March 2022 have been working well to slow price increases,”
Crewe Advisors Chief Investment Officer Dustin Thackeray provides insights to how the economy has been performing, given the inflation cooldown, in Karee Venema’s Kiplinger article.
“The biggest mistake when coming into a large amount of cash would be to emotionally rush into an investment that you don’t really understand.”
Crewe Advisors wealth advisor Marshall Nelson cautions investors with new liquidity to avoid moving too quickly when making investment decisions in Jeff Stimpson’s Financial Advisor article.
Dan Sudit, partner at Crewe Advisors, speaks with Jeff Stimpson about how the debt ceiling debates will continue to affect taxpayers, despite an agreement being reached, due to the impact it had on the IRS. “The Congressional Budget Office estimates that the $21.4 billion reduction in IRS funding will result in a net increase in the budget deficit by approximately $19 billion. Even though $80 billion was earmarked, nearly three-quarters of the funding still exists. The money can’t be spent in one fell swoop. It takes time to hire new agents, train them and update their technology and resources as part of the IRS modernization. It is safe to say that the majority of the goals or efforts to scale and modernize the IRS will still occur, probably with modest, if any, reductions,” explains Sudit.