Schneider Family Finance

Looking Beyond The Fiduciary Stamp Of Approval

This new rule paints the industry with a broad stroke and it's your job to dig through the details and find out what your advisor is required to do, and if they are the right advisor for you. In order to help you folks do that, I thought we would take the time we have together this week to suggest some questions to ask that may help you through this discovery process. [...]

Watching The Tax Proposal Duel Unfold

Folks, it is crazy to look at where our original tax system started, in 1913. Back then, indexed for inflation today, the tax rates were 1 percent on earnings of up to $463,000, to just 7 percent on earnings over $11.5 million (for married filing jointly). This is very different from today’s progressive tax system where, for 2017, taxpayers start at 10 percent on earnings up to $18,650, and shoot up to 39.6 percent on income over... [...]

What Returns Should We Expect?

Folks, we don’t know what the future will bring, and being optimistic about it will not change the outcome. Let me leave you this week with one thought. If you have not done so, now is the time to take responsibility for whatever investment strategy you follow. Whatever the future holds, managing downside risk exposure and minimizing losses are crucial to an effective investment strategy. Because every successful investor knows that if you manage the downside, well, the upside takes care of itself. [...]

Roth IRAs—Is Your Income Really Too High?

In order to be able to make the full $5,500 contribution ($6,500 if over the age of 50), they need to get their MAGI below $186,000 ($118,000 for singles), which would be difficult. But I explained that we could get them closer to that number, which may allow them to at least make a partial contribution. We also talked about another potential option for them, which would allow them to fund a Roth IRA, all of which I want to share with you today. [...]

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