In recognition of National Small Business Week, which took place earlier this month, Truepoint is sharing ideas about the unique wealth management challenges and opportunities faced by business owners. Part 1: CEO Michael Chasnoff on maximizing the value of a business. Part 2: Tax Specialist Ginger Ittenbach on tax planning for
Recently, the Truepoint book club read The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money, by Carl Richards. In it, Richards coined the term “behavior gap” to explain the gap between investor returns and investment returns. What this means is that, in general, returns that investors have
A Time Magazine reporter recently contacted me to discuss a 2009 Sun Life Financial retirement survey. The survey indicated over two-thirds of American workers believe that they'll have to defer retirement thanks to a terribly weak economy and a horrific stock market decline. Based on the writer's follow up questions,
The National Taxpayers Union estimates that as much as 60% of taxable property (i.e. your home) is over-assessed. However, very few individuals ever protest the assessment and as a result, many may be paying more property tax than necessary. Tax authorities attempt to base your property tax as closely as possible
Almost 50 years ago, Nobel laureate Milton Friedman observed that constant changes in our tax system discourage long-term planning by households. Financial decisions based on short-term benefits often detract from a household's long-term security. Unfortunately, Congress and our Presidential candidates have and continue to ignore this widely accepted observation. With Election
We’ve entered that most wonderful time of year. No, not the holiday season. I mean the election season and the dazzling amount of political mumbo-jumbo, accounting tricks and finger pointing; you know, those time-honored traditions that have become the fabric of our election process. The tax question we seem to hear
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