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With a new Federal Reserve chairman in place and interest rates likely to stay constant, many clients are likely asking you what the next rate decision means for their mortgage, their bond ladder, their equity allocation and their retirement. While most advisors have the federal funds rate at their fingertips, I’ve found very few who…
Smaller countries and tax havens dominate the Richest Top 10, but structural inequalities complicate the picture. What do people think of when they think about the world’s richest countries? And what comes to mind when they consider the smallest ones? Many of the planet’s wealthiest countries are also quite small. Nations such as Luxembourg, Switzerland,…
Missouri Attorney General Catherine Hanaway announced that Craig J. Sutton, the owner of Tri County Fence and Deck, was sentenced for 43 felony counts and ordered to repay more than $257,000 in restitution. Sutton engaged in a pattern of fraudulent residential contracting conduct that targeted Missouri consumers seeking fencing and related construction services. Sutton used…
Chai keeps its own time. Milk climbs to a boil while tea and spices steep loose in the pot, and the strength shows itself in color, deepening shade by shade until the foam begins to rise. The traditional method of making chai demands attention; it’s a process that has changed very little over time. Dostea,…
A four-advisor Tampa, Fla.-based team managing about $1.3 billion in client assets is joining UBS from Bank of America Private Bank, the Swiss-based wirehouse announced. The advisors, including Jesse Flatt, Lea Ann Drew, Brandon Burns and Carlos Rodriguez, will join UBS’s Greater Florida/Gulf Coast Market under the supervision of Tampa Bay Senior Market Director Jack…
Any child with earned income from a job, babysitting, or mowing lawns can have a custodial Roth IRA, and you can contribute whatever they earned, up to the annual IRA limit. Money invested at 15 has half a century to compound tax-free. Open one the first summer your kid earns a paycheck. Source
Top 50 Firm Doeren Mayhew acquired Houston-based Sowers & Co., expanding its local tax and outsourced accounting offerings in one of its focus markets. Processing Content Sowers offers tax, advisory and accounting services to high-net-worth individuals and small and midsized businesses in the Houston area. Founder and president Jason Sowers and shareholder Erin Fowler will…
That’s entertainment; false, fictitious and fraudulent; dismantled conspiracy; and other highlights of recent tax cases. Processing Content Miami: A Florida man pleaded guilty to evading taxes on millions in income that he earned from business ventures that sold internet access to American servicemembers and contractors stationed abroad. Between 2013 and 2018, Joseph Stewart, of Miami,…
There’s a point that I hit every May where I look around the house and think — how did it get like this? It’s been so busy with school events, celebrations, graduations, sports, changing schedules, and end-of-year everything. Then once summer hits, it can feel more chaotic since we have more people home, all the…
