Probability of storm force winds from Hurricane Elsa Source: NOAA Elsa weakened to a tropical storm force but continued to plow toward Haiti and the Dominican Republic on Saturday, a day after making landfall on the Caribbean island nations of Barbados and St. Vincent. The long-term forecast track showed it heading toward Florida as a […]
Archives for 2021
Richard Branson believes the space market has room for 20 companies launching tourists
Sir Richard Branson may be trying to be first in the billionaire space race, but he believes there is plenty of opportunity in the market for companies like Virgin Galactic, Jeff Bezos’ Blue Origin, or Elon Musk’s SpaceX. “There’s room for 20 space companies to take people up there,” Branson said in an interview this […]
Weekend Reading for Financial Planners (July 3-4)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a discussion of some recent White House proposals that would crack down on popular high-net-worth estate planning strategies, including dynasty trusts and IDGTs, as the administration increasingly focuses not on increasing estate tax rates or reducing […]
Retirees, forget the 4% withdrawal rule: Teresa Ghilarducci
(Bloomberg Opinion) — Let’s say you’re one of the lucky ones and have accumulated $1 million in your 401(k) retirement account after years of working. But, like many, maybe the pandemic has made you second guess being in the office, and your employer is pushing older employees aside. So you’ve decided to retire. How can […]
Raymond James, LPL, 529s, new ETFs, Atria Wealth Solutions, military veterans, Avantax, Stifel and other quick takes
Raymond James hired a new Cleveland, Ohio complex director away from Merrill Lynch, and launched a program to help advisors who are military veterans get masters’ degrees while completing their firm training. Several advisor teams went independent, including a group leaving Wells Fargo Advisors to launch a new firm under LPL’s Strategic Wealth Services. And […]
Schwab taking $200 million charge for SEC robo-advisor probe
Charles Schwab said it will take a $200 million charge in the second quarter related to an SEC probe of its robo advisor platform. The compliance inquiry relates to past disclosures around Schwab’s Intelligent Portfolios product, according to a regulatory filing. The company said it’s been cooperating with the SEC and its ultimate liability may […]
Clearing Accounts: Understanding How and When to Use Them
If you’re not an accountant, the accounting information you need to know can feel daunting. But, buckle up because there’s another tool you need to understand: clearing accounts. What are clearing accounts? Do you need to use them? What do they do? Clear up your schedule for a few minutes to learn all about clearing […]
City had poor accounting, lack of transparency in oversight of airport projects, auditor says • Long Beach Post News – Long Beach Post
The report by PMA Consultants, which was contracted by City Auditor Laura Doud, found numerous inadequacies in the oversight of more than $45 million worth of construction projects that were recently completed or remain underway at the municipal airport. Over the next five years, the airport’s capital improvement plan was more than $105.6 million. The […]
Widespread Brute-Force Attacks Tied to Russia’s APT28
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Why Healthcare Keeps Falling Prey to Ransomware and Other Cyberattacks
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