Category: Crewe Advisors

With Secure 2.0 Act giving those 72 and under an extra year before withdrawing money from their retirement accounts, some advisors are still suggesting you start earlier. Partner Kris Yamano joins Elizabeth O’Brien at Barron’s to discuss the benefits of planning out RMDs in advance, considering possible tax consequences one might have to deal with.

Stability of earnings will influence the level of the market, says Louise Goudy Willmering. She discusses the seesaw day in the markets following this morning’s CPI report. She talks about health care and financials relative to S&P 500, as well as finding value in health care and financial stocks. She then goes over how today’s CPI print impacts the Fed’s inflation fight. 

Marshall Nelson, wealth advisor at Crewe Advisors, speaks with Ben Mattlin of Financial Advisor about the challenges younger people are facing when it comes to investing. He also cites gender bias as a topic of concern moving forward. “Younger clients want to be as ethical as possible with their investments. But it’s essentially impossible for every publicly traded company to be perfectly squeaky-clean,” says Nelson.

Louise Goudy Willmering, partner at Crewe Advisors, speaks with Jess Menton at Bloomberg on the markets going into 2023 and how investors can make the most out of their portfolios. “Inflation and interest rates were the main obstacles in 2022, but next year people think the rate of inflation will likely decrease, while the big jumbo rate moves have probably already happened, which should help support broader markets,” says Willmering.

Dan Sudit, partner at Crewe Advisors, shares his thoughts on taxes in regards to moving to a new state with Jeff Ostrowski at MoneyGeek. “When moving to a new state, people should be familiar with the differences in state income tax rules. Where some get surprised is when the new jurisdiction in which they are domiciled has significantly higher tax rates or taxes different income sources differently. It is worth noting that most states that collect individual income taxes only tax wages and salary income, but not all of them,” says Sudit.

Financial Advisor reporter Ben Mattlin speaks with Megan Slatter, a wealth advisor at Crewe Advisors, about taking required minimum distributions from tax-advantaged retirement accounts and how life insurance and qualified charitable distributions can serve as legal work-arounds to reduce the pain of selling in a down market. “QCDs are a wonderful strategy to further your philanthropic goals, satisfy your annual RMD requirement, and reduce your tax liability. The donation check must be issued directly from your IRA custodian to the qualified charity to satisfy all or part of someone’s annual RMD requirements,” says Slatter.

Megan Slatter, Wealth Advisor at Crewe Advisors, speaks to Chris Carosa at Forbes on Rollovers as Business Startups (“ROBS”) and how they can be a powerful solution for someone with a great business idea, but lacks access to start-up capital. “It allows them to use retirement assets saved in a 401(k) or IRA towards their business and avoid paying income taxes or the early 10% withdrawal penalty. Since you are not repaying the money back to your retirement plan, it is not considered a loan,” says Slatter.

Dustin Thackeray, chief investment officer at Crewe Advisors, speaks with reporter Isabelle Lee about Q3 earnings and the effects on U.S. stocks. Thackeray explains challenges the Fed faces as they become more hawkish. “They obviously don’t want to be too dovish and the market is obviously looking for any sort of a sign from the Fed that we’re hitting the break, so to speak, on rate increases. If they continue on their too hawkish stance, there is a risk that things kind of get out of hand on that end as well. So they’re definitely walking a very fine line,” says Thackeray.