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.
Ahead of tomorrow’s CPI data and the Federal Reserve meeting in early November, Crewe Advisors CIO Dustin Thackeray explains how the Fed might respond to current inflationary pressures with Paul LaMonica in CNNBusiness.
Real estate and real wages are signaling to Louise Goudy Willmering that inflation is beginning to ease. Hear more of her thoughts on a recent show
Louise Goudy, partner at Crewe Advisors, thinks equities fell on Tuesday in large part because of the house price numbers. “The data from Case-Shiller is from
“It’s generally well known that donations made to private foundations create income tax deductions. Less commonly known is that only gifts to private foundations of publicly traded stock and cash generate fair market value income tax deductions,” said Don Evans, president and CEO of Crewe Foundation, Salt Lake City, adding that gifts to private foundations of real estate and privately held stock only allow for cost basis deductions and at the rate of 20% of AGI. “Careful consideration should be taken as to which assets are used,” Evans said.
