In this episode of the Planned Solutions podcast, Many financial models are communicated to the public as if they are completely factual. However, the accuracy of these modelsrequires that the assumptions at the heart of these models hold true, which does not always happen. This can cause investors and business decision makers to put too much confidence in the output of financial models because they donot understand the flaws in these models’ assumptions. The future is uncertain; it can be modeled, but the model output is only as good as the assumptions used for the model.
There appears to be a divide between how the US economy and financial markets are actually performing and how people feel about it. This has led to a big divergence in quantifiable economic data and the economic survey results that track how people are feeling. The result is headlines, based on survey data results, that paint a very different picture than what economists are actually seeing.
The expansion of the state and local tax (SALT) deduction from $10,000 per year to $40,000 per year may change tax strategy for some taxpayers. Taxpayers who have not maxed out the $40,000 limit for 2025 and are likely to itemize their deductions may benefit from paying any state estimated tax payments due before year-end to claim the deduction in 2025 rather than making the payment when it is due on January 15th, 2026.
Plus, a look at the Planned Solutions Incorporated Office Bulletin Board -
As a reminder, financial planners are not allowed to conduct business using mediums of communication that cannot be efficiently captured and archived. This most typically applies to text messages sent to a planner’s personal phone. We agree that this seems excessive given that text messages are a common form of communication, but often, government regulations do not keep up with societal changes. .
Cybersecurity is a hot topic as incidents of cybercrime continue to increase. Planned Solutions invests a lot of time and effort to make sure our systems are as safe and secure as possible and to safeguard our clients’ information using industry best practices.
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Planned Solutions, Inc.ADDRESS: 1130 Iron Point Road, Suite 170 Folsom, CA 95630 PHONE: (916) 361-0100 or (800) 750-2111E-MAIL: [email protected]m FAX: (916) 361-0191WEBSITE:www.PlannedSolutions.com
