Larry Swedroe Taxes and overhead can substantially shrink investment returns. For an active portfolio manager, these costs can create a hurdle to profitability that's too high to leap. Pursuing a passive-management strategy may be a better way for an investor to achieve the best overall return. The approval of GASB Statement no. 34 means state and local entities will have to make major changes in their financial reporting.
Some people think so.
Multistate corporations should compare their tax burdens in states where they are foreign corporations to weed out flawed state tax assessments. The new rules are intended to bolster investor confidence in financial reporting. The typical American family needs financial planning advice, and PFS practitioners can provide it. But first they'll have to target the middle-income market more effectively. By the Numbers Everyone benefits when employers inject fun into management.