One of the more interesting debates in estate planning circles these days surrounds so-called credit shelter trusts – also known as A-B Trusts or marital and bypass trusts, respectively. These are trusts set up as a way to preserve the … Continue reading
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Tax-Efficient Retirement Planning
Why would anybody pay taxes when they really don’t have to? This is a question that financial advisors are hearing from their retired clients, who are taking their living expenses out of taxable and tax-deferred accounts like IRAs. The whole … Continue reading
The Myth of the Rational Market
Current Harvard Business Review editorial director and former Fortune writer Justin Fox wrote an article in 2003 titled, “Is the Market Rational?” Much of the article focused on the intellectual rivalry between two Chicago professors—Eugene Fama and Richard Thaler—and Fox … Continue reading
First-Half Report Card: Net Gains and Diversification Blues
The recent turmoil in the investment markets might cause one to think that people have lost money this year in U.S. stocks. But in fact, most of the U.S. indices are sitting on double-digit gains, and the second quarter actually added … Continue reading
The Recent Market Roller Coaster
There are two kinds of investors in this world. One type pays close attention to the daily (and sometimes hourly) flood of information, looking for a reason (any reason) to jump in or out of the markets. The other kind … Continue reading