Author Archives: Naomi Wolowitz

China seems to have been in the news a lot recently, particularly as tensions with the U.S. seem elevated. Interestingly, China’s stock market has been under pressure while the U.S. market and economy continues to perform better than many expected. Join the South Florida relatable finance guys as they discuss China and the U.S. markets.

With 2024 well underway, certain calendar-year trusts and estates still have a small window of opportunity to reduce their 2023 income tax liabilities and those of the trusts’ beneficiaries provided they act before March 6, 2024. Under a special IRS rule, trustees have 65 days after the start of a new year to distribute trust […]

Beginning January 1, 2024, 401(k) and 403(b) retirement savings plans must meet a series of new requirements under the SECURE Act of 2019 and SECURE Act 2.0 of 2022 that essentially simplify plan rules for employers, expand coverage to more employees and help plan participants save more for their future. As a reminder, some of […]

The more wealth a family acquires, the more tools they need to preserve those assets for future generations and protect them from the long arms of tax agencies in the U.S. and abroad. One such tool earning the attention of family offices and ultra-high-net-worth individuals worldwide is private placement life insurance (PPLI). In the simplest […]

In this Relatable Finance Podcast episode, the South Florida relatable guys dive into some of the different areas to consider when buying a home, how interest rates affect mortgage rates and values along with some of the fundamentals to always keep in mind.

The nation’s 71 million recipients of Social Security and/or Supplement Security (SSI) benefits are seeing those payments rise by 3.2 percent in 2024, a sharp contrast to last year’s 8.7 percent increase. According to the Social Security Administration, the 2024 cost-of-living adjustment (COLA) represents an additional benefit of $50 per recipient each month. The Social […]

Many of the provisions contained in the current tax law are set to expire on Dec. 31, 2025, signaling an immediate need for individuals to reassess their existing estate plans to maintain long-term tax efficiency. Failure to engage in planning now can result in potentially higher taxes on income and long-term capital gains and undue […]

In this episode, the South Florida Relatable Finance guys discuss artificial intelligence (AI) and its impact on the world and investments. They specifically discuss AI’s effect on the magnificent 7, the two broad types and AI, the types of companies using or creating AI and how to play both of this from an investment perspective.

The IRS recently released the 2024 cost-of-living adjustments to various provisions of the tax code, which you will use to file your federal income tax return in 2025. Marginal Income Tax Rates The following rates apply to individuals’ income in 2024. 37 percent for individual, single taxpayers with incomes greater than $609,350 ($731,200 for married […]

The IRS released its 2024 cost-of-living adjustments for retirement savers. Among the highlights are higher annual contribution limits to qualifying plans and higher income limits for individuals to make deductible contributions to traditional Individual Retirement Arrangements (IRAs) or make a taxable contribution to a Roth IRA. Employer-Sponsored Retirement Plans For 2024, the maximum contribution employees […]