The Motley Fool

MAY 20, 2024

Even with a decent income, I can't cover my household's costs of living and two kids' college educations at the same time, just from a paycheck. I've since contributed to those accounts every year, generally striving to max out my state's tax deduction over the course of a year. This is because the market can fall as well as rise.

Portfolios 130

Portfolios Mutual Funds Education Taxes 130

The Motley Fool

MAY 28, 2024

Even for people at or over the age of 65, mutual fund company Vanguard reported that their clients' average 401(k) balance in 2022 stood at just a tad over $230,000. Last year's average contribution was on the order of 4.8%, according to mutual fund company and plan manager Fidelity. Over the past 15 years, 88% of U.S.

Mutual Funds 130

Mutual Funds Taxes Education Accounting 130

Fortune Financial

NOVEMBER 22, 2022

The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. The IRS does not tax what you divert directly from your paycheck into your retirement or health savings accounts. A Roth conversion will lower the Required Minimum Distributions (RMDs) from tax-deferred accounts.

Taxes 98

Taxes Education Mutual Funds Accounting 98

The Motley Fool

DECEMBER 26, 2023

While I pride myself on living below my means, the math simply doesn't work out for me to be able to cash flow two simultaneous college educations and cover my costs of living from salary alone. Those plans allow you to put money to work that is after tax from a Federal perspective but potentially tax deductible from a state perspective.

Education 130

Education Mutual Funds Taxes Prospects 130

Dear Mr. Market

NOVEMBER 17, 2023

Market: The stock market is made up of thousands of choices and one easy way to gain exposure to it is via mutual funds. Costs/Expenses : ETFs typically have lower expense ratios compared to mutual funds. Tax Efficiencies : ETFs are generally more tax-efficient than mutual funds.

Mutual Funds 59

Mutual Funds Exchange-Traded Funds Funds Education 59

The Motley Fool

NOVEMBER 26, 2024

Max out your retirement accounts Retirement accounts, like 401(k)s and IRAs, can help you save for your future with huge tax advantages. For example, a traditional 401(k) or IRA has the benefit of tax deferral, which means you don't pay taxes on investment gains or interest earnings until you're withdrawing money from the account later on.

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Mutual Funds Investing Taxes Debt 130

The Motley Fool

FEBRUARY 28, 2024

The high contribution limit -- $23,000 in 2024 (or $30,500 for those 50 and older) -- provides most investors with a substantial amount of tax-advantaged savings. Your investment options are limited Most 401(k) plans offer a limited set of ETFs or mutual funds where you can invest your contributions. Image source: Getty Images.

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Mutual Funds Taxes Education Accounting 130

The Motley Fool

MAY 1, 2024

Robert Brokamp: The key there, remember with the IRA and it stands for individual retirement account, is that you get tax benefits by putting it into an IRA. But the trade-off is that if you take the money out before age 59 1/2, you may pay taxes and penalties. They're my biggest tax deduction every year.

Mutual Funds 130

Mutual Funds Investing Accounting Education 130

The Motley Fool

MARCH 20, 2024

Many parents choose to invest in a college savings account to help their children with their education costs, but that's not even the largest expense they'll face in their lifetime. They'll only pay a small percentage in taxes upfront right now, and then they'll be able to withdraw the money tax-free in retirement.

Education 130

Education Mutual Funds Taxes Accounting 130

The Motley Fool

JUNE 16, 2023

But there are all kinds of investments at all stages of life -- whether it's buying a house, investing in education and training, or putting cash into an IRA. Tax-advantaged accounts There are a few different types of tax-advantaged investment accounts, and not all of them are geared toward retirement. The best thing?

Mutual Funds 130

Mutual Funds Taxes Investing Exchange-Traded Funds 130

The Motley Fool

AUGUST 25, 2024

When you enroll in an employer's 401(k) plan, you're generally given a "menu" of investment funds to choose from -- usually a few dozen at most. While some 401(k) plans offer excellent index funds and mutual funds, my IRA allows me to invest in virtually any stock, bonds, exchange-traded funds (ETFs), or mutual funds I want.

Mutual Funds 130

Mutual Funds Exchange-Traded Funds Education Accounting 130

The Motley Fool

AUGUST 31, 2023

Or do you want to set aside money for college, but not have to use it for educational expenses if they end up not needing it? Specifically, UTMA accounts can own physical assets (such as real estate and fine art), while UGMAs can only hold financial products like stocks and mutual funds.

Accounting 130

Accounting Mutual Funds Banks Education 130

The Motley Fool

JANUARY 25, 2024

Up next, Robert Brokamp and Alison Southwick are going to tackle some of those questions that you sent in about saving for kids, taxes and trading, and a little known savings account. If you decide to trim the position, it definitely makes sense to identify the shares you're selling to maximize the tax consequences.

Investors 130

Investors Taxes Banks Education 130

Walkner Condon Financial Advisors

SEPTEMBER 2, 2022

And while ABLE accounts can be a bit more complex for Wisconsin residents, they offer significant tax benefits for individuals with disabilities and their families. The money in the account grows tax-deferred and income from the account is tax-free when used for qualified expenses. Aggressive Growth Fund. Growth Fund.

Accounting 98

Accounting Due Diligence Mutual Funds Taxes 98

The Motley Fool

MAY 28, 2024

Bill Mann: It's funny because stock buybacks are thought to be a very efficient way to return cash to existing shareholders in the form of there's not much in the way of tax, and every share of stock you should think of as being a perpetual claim on earnings and assets of a company. Why are they so curious about this, Bill?

Taxes 130

Taxes Accounting Education Shareholders 130

The Big Picture

DECEMBER 21, 2023

People raise money to pay taxes. They pay taxes is certain times of year. And then I used to do those numbers by hand using the Barron’s MarketLab pages and, you know, underlining stuff and using an anti machine and all that by hand work, which was Educational. Jeff Hirsch : Hey, Barry. Great to be with you.

Mutual Funds 128

Mutual Funds Taxes Bidding Education 128

The Motley Fool

MAY 7, 2024

Taxes, of course, you're looking for a certified public accountant CPA but some of them also have another designation called the personal financial specialists or PFS, which basically means there are tax expert, but they also know financial planning. That would be something you would look for and what was their education.

Accounting 245

Accounting Finance Financing Shareholders 245

The Big Picture

JULY 11, 2023

RITHOLTZ: So were you — in the early days, it was mutual funds it was SMAs, what were you guys doing? I could do my own taxes. So it was Franklin, along with mutual fund pioneer Sir John Templeton. JOHNSON: Exactly, the tax… RITHOLTZ: The negative on a mutual fund is phantom taxes.

Mutual Funds 88

Mutual Funds Mergers and Acquisitions Asset Management Assets 88

Walkner Condon Financial Advisors

MARCH 15, 2023

With the advent of fractional shares available at some custodians , improved software for tax efficient implementation, and competition driving prices lower, the perfect storm for direct indexing appears to be now. Better After-Tax Result? Potential tax savings on an after tax basis. What is Direct Indexing?

Mutual Funds 52

Mutual Funds Taxes Assets Accounting 52

Fortune Financial

JUNE 2, 2023

Unlocking the Power of Net Unrealized Appreciation (NUA) Many workers receive company stock as part of their compensation package or can take advantage of a company 401(k) plan, choosing from a menu of mutual funds, exchange-traded funds and company stock for their investments. Let’s take a look at four key tax benefits of NUA.

Taxes 52

Taxes Liabilities Consulting Consultants 52

Fortune Financial

AUGUST 31, 2022

Green mutual funds and exchange-traded funds (EFTs) also provide a sustainable strategy for potential investments. Additionally, government bonds to fund green-energy projects can be an option for fixed-income investors. These bonds may also come with tax incentives, making them more attractive than traditional bonds.

Investing 52

Investing Exchange-Traded Funds Mutual Funds Taxes 52

Zajac Group

NOVEMBER 9, 2021

While an anonymous greenback in the offering plate might not generate the paperwork necessary to realize any tax benefits and starting a private foundation might seem daunting, a Donor-Advised Fund could be a great option for philanthropic investors. What is a Donor-Advised Fund? What are the Advantages of a Donor Advised Fund?

Funds 52

Funds Taxes Liabilities Assets 52

Fortune Financial

FEBRUARY 28, 2023

When we look at projected healthcare costs for an average retired couple in 2022, the amount needed to cover healthcare expenses approaches approximately $315,000 after tax. In other words, it could cost over a quarter of a million dollars of our retirement funds to cover out-of-pocket healthcare expenses.

Taxes 52

Taxes Accounting Exchange-Traded Funds Mutual Funds 52

The Motley Fool

JUNE 10, 2024

Andy Cross: David, ETFs, mutual funds, they operate by very strict rules on how they allocate their capital. In this case, for actively managed funds that are rebalancing every quarter, which as you mentioned, at the end of the quarter, beginning next quarter, they do selling and buying to match up the stocks and the positions.

Investing 100

Investing Taxes Debt Mutual Funds 100

The Big Picture

AUGUST 29, 2022

But I covered derivatives at first, and then I cover mutual funds. I worked for a (inaudible) called Fund Action and did that for a little while, and then went — I met a guy named Duff Ferguson at AllianceBernstein. They’d be the biggest active mutual fund to shop times over. RITHOLTZ: It’s …. He was the P.R.

Mutual Funds 69

Mutual Funds Funds Assets Asset Management 69

The Big Picture

OCTOBER 24, 2022

And so there was a lot of need on the active mutual fund friends. And so my coverage list kind of converted over time to focus more on mutual funds, to focus on five to nine plans, college savings. RITHOLTZ: So these are stocks, bonds, ETFs, mutual funds? And he found it in the mutual fund space.

Mutual Funds 52

Mutual Funds Assets Taxes Portfolios 52

The Motley Fool

APRIL 17, 2024

Most of the time that I was in law, both at the law firm and with City of Philadelphia, I knew I wanted to do something other than law and litigation and didn't know what it was until I found the Motley Fool, and it blend completely unique of education and investing and humor. I was just there for a liberal arts education.

Finance 130

Finance Financing Law Firms Mutual Funds 130

The Motley Fool

OCTOBER 18, 2024

We have a world-class custody business, and we'll continue to invest in it to provide RIAs of all sizes with the open architecture platform and unmatched resources, services, and education that they have come to expect from us. We've added additional expertise for this group, including wealth consultants and tax, trust, and estate experts.

Banks 130

Banks Assets Capital Leveraging 130

Sara Grillo

NOVEMBER 14, 2022

In Salaske’s view, education is the issue because annuities are sold products. Macchia argues that mutual funds and REITs are not fiduciaries; product manufacturers are typically not. He is leading Project 6000 Minutes, an effort to deliver free, basic financial education to Black, Hispanic, Latina and other women of color.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Consulting Consultants Education 59

Fortune Financial

AUGUST 7, 2023

One key aspect of hedge funds is their ability to implement alternative investment strategies that are not typically available to traditional investment vehicles, such as mutual funds. Hedge funds can invest in a wide range of assets, including stocks, bonds, currencies, commodities and derivatives. Contact us today!

Hedge Funds 52

Hedge Funds Due Diligence Portfolios Leveraged Buyouts 52

Fortune Financial

AUGUST 7, 2023

One key aspect of hedge funds is their ability to implement alternative investment strategies that are not typically available to traditional investment vehicles, such as mutual funds. Hedge funds can invest in a wide range of assets, including stocks, bonds, currencies, commodities and derivatives. Contact us today!

Hedge Funds 52

Hedge Funds Due Diligence Portfolios Leveraged Buyouts 52

The Big Picture

JUNE 11, 2024

He began as an attorney working on things like taxes and, and trusts in estates and consulting for various RIA firms when he became an RIA and eventually bought creative planning when it had, you know, a handful of, of clients and, you know, 30, $35 million. They’ve got, they’ve got now financial wellness, financial education.

Mergers and Acquisitions 64

Mergers and Acquisitions Taxes Consulting Consultants 64

The Big Picture

DECEMBER 6, 2022

I remember telling myself, why would anyone invest in mutual funds when you can buy an ETF instead? You have the liquidity, the tax efficiency, the transparency. What percentage of the assets are in ETFs relative to mutual funds? They work very hard when I was growing up to give me like a really good education.

Mutual Funds 64

Mutual Funds Assets Funds Companies 64

The Big Picture

FEBRUARY 21, 2023

And you know, just simple things like, hey, the value of tax loss harvesting, how do you make that apparent to people? So we’re probably a lot more patient, but at the same time, you know, highly educated in the questions we ask. What’s a way that you could disrupt the ETF or the mutual fund? RITHOLTZ: Yeah.

Funds 111

Funds Assets Returns Mutual Funds 111

The Motley Fool

OCTOBER 15, 2024

That means that the tenant has to pay taxes, building maintenance, and insurance expenses. In the estate planning episode on October 1, you mentioned that a person would not need to worry about taxes on an inheritance unless it was more than 10 million. An inheritance tax is paid by the people who inherit the money.

Taxes 130

Taxes Mutual Funds Accounting Finance 130

The Big Picture

AUGUST 29, 2023

There are an endless variety of business models and seeing how people operate that, it’s really an education, one that I think a lot of people coming out of school don’t think about, because you think about the sexy things. Also being cognizant of the tax implications of trading activity. Hey, I want to do venture capital.

Due Diligence 52

Due Diligence Assets Funds Portfolios 52

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. An hourly financial advisor is someone who provides financial advisor for a set hourly rate. Hourly financial advisors are not common. Jon Luskin. Rick Ferri.

Portfolios 52

Portfolios Investors Consulting Consultants 52