Joe Nafziger, CFP®

@JackGiardino_ @LWarmund @PriddyJordan @TheModernFA I worked through this with a client recently. We came to the conclusion that holding was a better option due to the 3 month penalty. The math was very close, will depend largely on what rate you can get outside of the bond.

Are you selling, holding, or buying I bonds? Interested to hear you take below👂 @LWarmund @joenaf2 @PriddyJordan @TheModernFA

Around this time last year, Series I bonds were all the rage due to the interest rate paid on the bond being linked to the rate of inflate. The rage has calmed due to inflation dropping. Before selling Series I bonds, it's important to understand these two "penalties" 👇

@CPAPlanner Would it be too much for the IRS to give us a clear answer, rather than year by year updates? Appreciate the prompt communication, @CPAPlanner !

🚨Breaking News🚨 In Notice 2023-54, the IRS just answered the #1 question on many advisors’ minds… Q: Do beneficiaries subject to the 10-Year Rule who inherited from someone dying on/after their RBD need to take an RMD this year? A: NO! (At least not for 2023) Full text of Notice: irs.gov/pub/irs-drop/n…

@MikeSyl36625988 You gotta back in or back out, right? Seems like 6 one way half a dozen the other?

Why do so many people think backing into a parking spot at Walmart, Kroger, etc. is necessary?

@LouStagner I would think make % goes way up if you hand pick each putt. Always up hill, with minimal break. I think they're making 20 to 25% and winning at around 16 to 18 under.

Could a 10-index player win at Augusta if they were given a 10 foot birdie putt on every single hole? They get to select where their first putt starts from on each hole, it just needs to be from exactly 10 feet.

@JackGiardino_ 2 smoothies? Must have been a big workout!

4:00 Alarm ✅ 4:30 Workout ✅ 5:45 Smoothie ✅ #HappyThursday

@PeterMallouk Based off the pessimistic replies, my gut tells me no. Obviously I have no idea, but when confidence drops the bottom feels near.

The S&P 500 is about 25% off its high. Do you think we will reach or exceed the average bear market drop of 34%?

@JackGiardino_ It's nice when technology works for you! Great way to kick off the long weekend.

I love technology. A client needed a Roth opened for some rollover funds. It's Friday afternoon before a holiday wknd. I was able to get an app out, electronically signed, & submitted to Schwab in under 20 mins. The client no longer has to worry about this over the wknd.

@sharontseung Assuming the passive 7k doesn't come with maintenance/management responsibility, I'm taking the 7k. If it comes with any strings, give me the $1M

Would you rather get $1,000,000 right now or $7,000 every month passively for the rest of your life?

Considering using a 10 yr INH Roth account to fund Roth IRA contribs for a young couple over the next few years until the INH Roth is depleted. The idea is to move these 10 yr tax free assets to lifetime tax free assets for them. Thoughts from #fintwit? @MichaelKitces @CPAPlanner

@JackGiardino_ A focus on granular goals that we can help them reach would be a huge value add. Looking at professional and financial goals in the next 6 - 24 months and helping them track and execute on these goals provide more value than 30+ year cash flow projections for a younger client.

Would love to hear other opinions on this topic. What are your thoughts?

@JackGiardino_ Really like this point. Seems like the industry feels obligated to serve this segment.

@joenaf2 5. Work with HENRYs because you WANT to work with HENRYs, not because you feel like you HAVE to work with HENRYs.

How do advisors best serve HENRY's? Are multiple platforms and service models needed? Interested to hear ideas from #fintwit

BREAKING: Student loan pause to be extended until Aug 31, which means that the first pmt would be due late Sept / early Oct. This seems to be designed to provide an oppty for an addtl relief announcement right before the midterms. vs announcing Dec 31 as the date right now.

@JackGiardino_ Finding my advising style. Observing multiple experienced advisors has helped me shape how I interact with clients. Still a work in progress!

To younger advisors, what has been the biggest frustration or hurdle you have experienced in your early career? To seasoned advisors, what is one piece of advice you wish you would have been told early on in your career? Drop your thoughts below👇 #FinTwit #Advice4Advisors

Has the Dow ever dropped 1,000 points intraday and recovered? Are the markets broken? Was today a dream? 😅

Excited to dive in to book #1 for our 2022 book club with @joenaf2 & twitterless Josh Payne! We like to switch back and forth between personal/professional development and industry related. What are you reading? #fintwit #BookRecommendations

Every RT = one more vote Tyrann Mathieu 🍯🦡 #WPMOYChallenge

@JackGiardino_ Finish the year strong 💪

Some 5 AM alarms come easier than others. What’s you motivation for the week?

In terms of the House-passed version of the #BuildBackBetter Act, the three tax-related provisions most likely to impact advisors' clients are: 1️⃣ Extension of the enhanced Child Tax Credit through 2022 2️⃣ SALT relief ($80k) 3️⃣ Elimination of Back-Door Roth strategies