NATIONAL DEBT • CLEAN ENERGY • RIA
In this week’s newsletter explore an interesting graphic visualizing the growth of U.S. national debt over the last three decades. In our news section check out how to make estate planning more tax efficient, 5 powerful advancements in nuclear power, which U.S. states have the cleanest electricity and more.
Also, don’t miss our second episode of The Advisor View with Adam Wishard, Co-Chief Investment Officer of First Pacific Financial.
Let’s jump into it.
We send out our newsletter every Friday with the most interesting content we’ve found that week.
“Along with global debt, the U.S. national debt hit a new milestone in record time—jumping from $34 trillion to $35 trillion in less than seven months.
source canarymedia.com
“The key point is that, just as clients have different planning needs, goals, and tax circumstances during life, the same applies to their beneficiaries and assets after they’re gone. Incorporating the impact of taxes in the financial planning process to help clients keep more of what they’ve earned in life makes as much sense as using the same approach in the estate planning process, by considering what happens from a tax perspective after the assets reach their intended destination. And, by offering a more equitable distribution scheme for their beneficiaries, advisors can help their clients ensure they pass the most (after-tax) wealth to the next generation!”
“Though many people associate nuclear power with accidents, nuclear waste, and radioactivity, experts contend that it is one of the safer and more environmentally friendly forms of power per kilowatt of energy produced. As science and technology advance, engineers are finding new ways to make nuclear energy safer, cleaner, more reliable, and more accessible. Check out these 5 exciting advancements to get a peak at the future of nuclear.”
“Early in his term, President Joe Biden set an ambitious goal for the country’s power grid: 100 percent carbon-free electricity by 2035. Recently released data provides a status update on that target. As of the end of 2022, 13 states received the majority of their electricity from carbon-free sources, per the Environmental Protection Agency data released this year. The rest still mostly depend on fossil-fueled sources to keep their lights on. Washington state had the cleanest grid overall as of 2022, the product of its prodigious hydropower resources drawn from the Columbia River. But the state still has a lot of room to improve its use of renewables: It sourced just under 7 percent of its electricity from wind and less than 1 percent from solar in 2022.”
“Over their 30-year partnership, Scott Hanson and Pat McClain built Allworth Financial from $10 million to $20 billion in AUM. On today’s show, Scott and Pat explain how they leveraged their complementary skillsets and their clear set of shared business objectives to establish a compelling vision and strong corporate culture. They’re also extremely candid about the personal attributes that have fueled their extraordinary success, including ego, insecurity, fear, and money, as well as the rather humbling realizations that helped them step back from their co-CEO roles.”
We send out our newsletter every Friday with the most interesting content we’ve found that week.
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