We’re going to discuss, rationally and without political vitriol, the shortcomings and virtues of the wealth tax plan proposed by presidential candidate Sen. Elizabeth Warren (D-Mass.). This critical evaluation will be rooted in what Warren’s campaign website calls the “Ultra-Millionaire Tax.” Our assessment is not favorable, but unlike many who denigrate the Warren tax plan, […]
The sad truth about recessions is that you could already be in one and not know it. The most commonly agreed-upon definition of a recession is two consecutive readings of negative growth of a country’s gross domestic product. Considering that these readings are conducted quarterly, the economy could have been contracting for quite a while […]
A November 28 headline in the New York Times gushed, “Two Words From Fed Chairman Jerome Powell Sent Markets Soaring”. Jay Powell – who likes being called Jerome about as much as Jerome Seinfeld does – noted, according to the Times, “the Fed’s benchmark interest rate was ‘just below’ the neutral level, meaning the central […]
Smith Anglin Financial, LLC, is honored to announce it has been named to the 2018 Financial Times 300 Top Registered Investment Advisers. The list recognizes the leading independent RIA firms in the U.S., and is based on data reflecting the organization’s performance. Smith Anglin secured its position with more than $700 million of assets under […]
If you’re like most of us, you haven’t thought too deeply about your retirement savings for some number of years. You might have made a selection on your W-4 form the day you were on-boarded and haven’t given it a whole lot of attention since. You get your periodic statement from your retirement plan, and, as […]
In any given year, it’s good practice to take a look at your payroll deductions. But it’s even more urgent now, considering the seismic shift in tax policy from 2017 to 2018. The Tax Cuts and Jobs Act of 2017 might reduce your tax burden and is intended to simplify your filing. But if you’re […]
The seasons are changing, but not much seems to be changing with stocks. Leaves are falling. Stocks prices are ascending. Another day, another new all-time high. Even the first trading day of Q4 welcomed new highs, and the Dow Jones Industrial Average crossed 23,000 for the first time on October 18th. The media seems to […]
It’s becoming more common to hear the Bears calling for a big drop. Why do they say that? Well, first they hope to be right, which earns a lot of street cred. It’s an easier call to make because risk increases as asset prices move higher. Stocks have come a long way from the first […]
What is Universal Basic Income? Universal Basic Income (or UBI) is a trendy social policy concept being tossed about by a wide variety of thought leaders from Silicon Valley to Washington DC think tanks. Whether it is a solution to combat the loss of jobs through automation, stimulate innovation and entrepreneurship, or help complement the […]
TAX FILING SEASON This time of the year can really give us heartburn. The heartburn can come from a variety of things, but two of them can come from having to accumulate all your tax filing documents and preparing your tax return. I would make the argument that accumulating the documents is worse than preparing […]
