Posted: June 6th, 2018 | Author: Rebecca A. Barnes | Filed under: Income Tax Planning | Tags: 2017, 2018, Change, Federal, Income, Law, Nebraska, Omaha, Rates, Tax |
The Tax Cuts and Jobs Act (TCJA) passed in December 2017 created sweeping new tax law changes. This article is about businesses and entities. For more information about changes to individual and family income taxation in 2018, see this article.
The following rates took effect January 1, 2018.
New Federal Tax Rates for 2018 for Businesses/Entities
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Posted: January 3rd, 2018 | Author: William A. Callahan, CFA, CFP® | Filed under: Income Tax Planning | Tags: 2017, 2018, Change, Federal, Income, Law, Nebraska, Omaha, Rates, Tax |
A sweeping new income tax law has been passed (H.R. 1), known as the Tax Cuts and Jobs Act of 2017, on December 22, 2017. How will it impact you? Let’s take a look.
The following rates take effect January 1, 2018. Read the rest of this entry »
Posted: January 2nd, 2018 | Author: Callahan Financial Planning | Filed under: Callahan Financial Planning | Tags: CFA, CFA Institute, Chartered Financial Analyst, Charterholder, Fee-Only, Financial Advisor, Financial Planner, Investment Advisor, Nebraska, Omaha |
Callahan Financial Planning Company is proud to announce that the company has adopted the CFA Institute’s Asset Manager Code of Professional Conduct.
Callahan Financial Planning joins approximately 1,400 firms worldwide that have adopted this professional conduct code.
The Asset Manager Code of Professional Conduct outlines the ethical and professional responsibilities of companies that manage assets for clients. This code serves as a point of reference for investors, establishing clear policies on what investors can expect by working with a firm that has claimed compliance with the code. Read the rest of this entry »
Posted: December 26th, 2017 | Author: William A. Callahan, CFA, CFP® | Filed under: Income Tax Planning | Tags: Change, Federal, Income, Law, Nebraska, Omaha, Rates, Tax |
A sweeping new tax law has just passed in the final days of 2017. Given the swift passage of this legislation so close to year-end, taxpayers have been left with limited time to respond proactively. Nonetheless, below are some last-minute options you may have for reducing your taxes due for 2017 (for tax returns prepared in 2018 for tax year 2017). Learn more about this new, December 2017 U.S. tax law that takes effect January 1, 2018 here.
Taking action in this final week of December, 2017 may be helpful for three reasons: 1) itemized deductions will be limited beginning in 2018, 2) tax rates are generally higher in 2017, rendering deductions more valuable in tax year 2017, and 3) ‘lumping’ itemized deductions, such as charitable contributions, together every few years may become more common under the new tax rules given the higher standard deduction and limitations to itemized deductions. Read the rest of this entry »
Posted: October 29th, 2014 | Author: William A. Callahan, CFA, CFP® | Filed under: Retirement Planning | Tags: 2014, CAPE, Fee-Only, Financial Advisor, Financial Planner, Investment Advice, Lincoln, Nebraska, Omaha, Retirement, Stocks, Valuation, Withdrawal Rate |
Retirement portfolios are generally intended to have withdrawals made regularly. These withdrawals provide the regular income necessary for a retiree’s living (and other) needs. However, when a multi-year downturn in the markets is combined with regular withdrawals, a retirement portfolio can deplete at a rapid pace.
The S&P 500 (a broad measure of large American business stocks) averaged a compound annual return over the last century of more than 9% (made up of the change in stock prices plus dividends). This long-term average has been remarkably consistent over long periods of time, but it is a poor predictor of returns over shorter periods of time. Let’s look at some examples to see why. Read the rest of this entry »
Posted: August 16th, 2014 | Author: Ravi Shukla | Filed under: Investment Planning, Paying for Financial Advice, Retirement Planning | Tags: 2014, Behavioral Finance, Financial Adviser, Financial Advisor, Financial Planner, Investing, Investment Policy Statement, Lincoln, Nebraska, Omaha, Research, Study, Warren Buffet |
In the Greek poem, The Odyssey, Homer illustrates an age old flaw in human nature. Odysseus, the hero, is warned by goddess Circe that when his ship is sailing by the island of the Sirens, the irresistible songs of the Sirens will lure him towards the island and destroy his ship.
The sirens are symbolic of the flaws and biases that seem to be a natural part of our brain’s chemistry. Homer suggests a solution to keep these flaws in check. To counter the allure of the Sirens, Odysseus orders his crew to tie him to the mast of the ship and to ignore his future pleas for release until they have passed the dangerous islands. Odysseus commits himself to a rational course of action at a neutral time to ensure that he does not get swayed by emotions during the time of distress. Read the rest of this entry »
Posted: July 27th, 2014 | Author: William A. Callahan, CFA, CFP® | Filed under: Callahan Financial Planning, Investment Planning | Tags: 2014, Financial Advisor, Financial Planner, International, Investment, Lincoln, Nebraska, Omaha, Return, Risk, Stocks |
History books are filled with examples of what can happen to investors under the direction of poor national governance. The real challenge is, once we are aware of poor governance, how do I respond as an investor?
Recent events have highlighted the potential for trouble in an investment portfolio. Commonly known as political risk, this may be any event triggered by a government’s executive, judicial or legislative decisions that has the potential to negatively affect the stock or bond holders of that country.
As international investing has become broader and more accessible to investors, these issues have become front-and-center questions for the average investor. A recent Economist article sought to quantify the impact of “bad governments” on that same nation’s investors, and cited some specific examples (Argentina, Iran, and Russia in this research) to study their impact relative to their global peers. Read the rest of this entry »