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John Burnside

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  1. RetirementPlanningQuestionnaire.pdf
  2. fi360-fiduciary-score-methodology.pdf
  3. Burnside and Co. uses several leading-edge financial technology companies to make are disciplined investment processes (Burnside OS) more powerful and efficient. For Risk Measurement and Portfolio Optimization, we employ Riskalyze. Riskalyze builds and maintains software that measures: An Individuals Risk Tolerance Risk Inside of an Investment Portfolio In addition, the software includes an Optimizer. Burnside and Co. can take an existing portfolio and fine-tune it to align with a specific risk tolerance. It is an unemotional, unconstrained, and math-driven feature that is quite an eye-opener.
  4. Burnside and Co. uses several leading-edge financial technology companies to make are disciplined investment processes (Burnside OS) more powerful and efficient. For Retirement Planning, we employ Right Capital. They build interactive software that both Burnside and Co. and our clients can access. One of the most powerful features of this software is working through the "what-if" scenarios. RetirementPlanningQuestionnaire.pdf
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    Burnside and Co. has summarized the United States Conference of Catholic Bishops (USCCB) Investing Guidelines for your ease of understanding. In our opinion, these guidelines are recommendations, not canon law. Some investors might choose to be stricter and more proactive while others may elect to be more hands-off. Much like religion itself, Catholic Value Investing can be very personal in nature. There is no “one-size fits all” strategy. Burnside and Co. can help you construct a customized Catholic Value Investing plan.
  6. Consumer Debt Consumer debt consists of debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Installment Debt: Debt you pay back over a set period-of-time Car Loans Student Loans Appliances and other large household items Revolving Debt: Debt you can carry forever Credit Cards Investment Debt Borrowing to buy investments can be an effective way to boost potential returns Family Mortgage Bank or other Financial Institution Business Venture/Real Estate Take out a loan or line of credit Bank Private Lenders Borrow against your home equity Bank Margin Loan Brokerage Firm
  7. Employer Sponsored Plan Retirement Accounts Small Business SEP IRAs SIMPLE IRAs Solo 401k Large Business 401(k) Plans Profit Sharing Plans Government Employees 403(b) Plans : a retirement plan for specific employees of public schools, tax-exempt organizations and certain ministers. 457(b) Plans: A plan offered to highly compensated government and select non-government employees. Personal Retirement Accounts Traditional IRAs Roth IRAs Taxable Accounts Obviously, investors can simply deposit money in a traditional taxable investment account. This is a good option if you’ve maxed out retirement account contribution limits. It is also a good option if you want more flexibility with your money since most retirement accounts have penalties for early withdrawals.
  8. An asset class is a group of similar investments. The investments that make up an asset class are grouped together based on size, financial structure, financial markets where they are traded, and rules and regulations. The three main asset classes used for financial markets investing include: Stocks (Equities) Bonds (Fixed Income) Cash (Cash Equivalents) There are hundreds of sub asset classes that investors use to build investment portfolios. Keep in mind, there is rarely an agreed upon definition for a sub asset class. Some of the more popular ones include: Equity (Stocks) Large Caps: Companies with market caps that are $10 billion or above. Mid Caps: Companies with market caps that are between $2 billion and $10 billion. Small Caps: Companies with market caps that are less than $2 billion. Micro Caps: Companies with market caps that are between $50 million and $2 billion. Foreign Developed: Companies that are headquartered outside of the United States. Developed-market countries are widely industrialized, have established economies, and enjoy a stable and robust infrastructure. Emerging Markets: Companies that reside in countries that are not well developed. Fixed Income (Bonds) Short Term: Bonds that mature in 1 to 3 years Intermediate Term: Bonds that mature in 2 to 10 years. Long Term: Bonds that mature in 10 to 30 years
  9. Exchange Traded Funds (ETFs) are funds that track market indexes, commodities, bonds, or a basket of stocks. They are marketable securities that trade on exchanges like stocks. When you buy shares of an ETF, you are buying shares of a portfolio that tracks the yield and return of its underlying assets. The price of an ETF’s shares will change throughout the day as they are bought and sold.
  10. A market index is a weighted average of stocks, bonds or other investment vehicles from a section of the overall financial market. The index is calculated from the price of the selected securities. Well known indexes include: Dow Jones Industrial Average S&P 500 Russell 2000 Index investing is buying a mutual fund or exchange traded fund to mirror the yield and performance of an underlying index.
  11. An investment strategy that aims to find an equilibrium between risk and reward by allocating a portfolio's assets according to an individual's: Goals Risk Tolerance Time Horizon Ideally, in an asset allocation investment strategy, an investor wants to utilize assets that behave differently over time and have different levels of volatility. The three main asset classes used today include: Stocks (Equities) Bonds (Fixed Income) Cash (Cash Equivalents) There are hundreds of sub asset classes that investors use to build investment portfolios. Keep in mind, there is rarely an agreed upon definition for a sub asset class.
  12. What is a 'Tax Loss Carryforward'? A taxpayer can sell an investment at a loss and then ‘carry forward’ that loss to offset future capital gains and income. Stock market losses are capital losses. Stock market gains are capital gains. For tax purposes, gains and losses must be ‘realized’. Which means the stock needs to be physical sold. Calculating a Capital Loss Take your original cost basis (number of shares*price per share + transaction costs) and subtract the total sell proceeds. Example Bought ABC Company (1000 * $20 + $9.95) = $20,009.95 Sold ABC Company (1000 * $11 - $9.95) = $10,990.05 $20,009.95 - $10,990.05 = $9,019.90 Two Types of Capital Losses Short-Term Losses: when the stock is held for less than a year Long-term losses: when a stock is held for more than a year Deducting Capital Losses Capital gains can be offset with capital losses during a taxable year. If you don’t have capital gains to offset a capital loss, up to $3000 per year can be used to offset personal income. If there is left over losses, they can be carried forward to future years. There are specific rules on the proper way to match up short-term and long-term transactions that are beyond the scope of this post. It is advisable to speak with your CPA or read more in the IRS Publication 544 for further details.
  13. Federal Tax Brackets 2019 Annualy, the IRS adjusts tax brackets for inflation. This prevents ‘bracket creep’, a situation wherein inflation pushes income into higher tax brackets. The result is an increase in income taxes but no increase in real purchasing power. The Tax Cuts and Jobs Act of 2017 changed the inflation measurement from the Consumer Price Index (CPI) to the Chained Consumer Price Index (C-CPI). Federal Tax Brackets 2019 For Unmarried Individuals, Household Income Over For Married Individuals Filing Joint Returns, Household Income Over Heads of Households, Household Income Over 10% $0 $0 $0 12% $9,700 $19,400 $13,850 22% $39,475 $78,950 $52,850 24% $84,200 $168,400 $84,200 32% $160,725 $321,450 $160,700 35% $204,100 $408,200 $204,100 37% $510,300 $612,350 $510,300 Standard Deductions Filing Status 2017 2018 2019 Single $6,350 $12,000 $12,200 Married Filing Jointly $12,700 $24,000 $24,400 Head of Household $9,350 $18,000 $18,350 If you are 65 or older you can increase your standard deduction by $1,600. If you file jointly on your marriage this amount will be $1,300 if one person is over 65, and $2,600 if both are over the age threshold. Disclaimer If legal, tax, or other professional advice is required, the services of a competent professional should be sought. This post should not be considered investment advice. This information is subject to change and/or be edited. Past performance is not a guarantee of future results.
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