The Math of Billing Retirement Accounts
We advocate for billing traditional IRAs to themselves but billing Roth IRAs to a taxable brokerage account. Here is the math of why.
We advocate for billing traditional IRAs to themselves but billing Roth IRAs to a taxable brokerage account. Here is the math of why.
One obscure way we bring value to clients is how we bill them.
In market downturns, often the newest investor reports recovering the fastest due to a simple reporting error.
There is an incentive to lie when your methodology is bad.
Use the following table to look up the 2019 blended index to benchmark your returns.
Our intention in including this particular slide is to show the range of quarterly returns. Here is some wisdom on how to use this slide when comparing your own returns for the quarter.
For the proper Victorian, acts of love and money should not mix. Although this honest conversion may ruffle Victorian sensibilities, it is a foundation of the trust we forge with our clients.
Truly diversified portfolios don’t move in sync with the Dow.
What’s the difference between Schwab’s “Ending Value” line and their “Ending Value with Accrued Income” line on my monthly statements?
In general, the statements should match, but matched accounting down the penny cannot easily be achieved.
One obscure way we earn our fee is in how we bill you.
These “strange but true” returns occur more frequently than you might expect.
We have all seen mutual fund ads stating this Securities and Exchange Commission (SEC) disclaimer, “Past performance is no guarantee of future results.” Let’s take a closer look at it.
Investors always want to compare the return of their portfolio against some benchmark index. We suggest not using the S&P 500 for that purpose.
Here’s what you need to know to understand why the numbers may not match.
There are 2 main types of returns you want to see on your performance report. What’s the difference?
By definition and design, different types of reports produce different numbers.
Here’s a brief explanation of the basic terms you might find on your performance report.
Investment managers can bring clients greater savings by carefully considering how they bill different types of accounts.
Don’t let the noise of random returns ruin a brilliant investment strategy.
Excellent advisors communicate clearly exactly how bad the markets have been and can be.