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Investors can enjoy a tax savings on advisor fees by using this strategy

Investors can enjoy a tax savings on advisor fees by using this strategy

Finance
When investors sit down with their financial advisor to prepare their tax returns next year, they'll be confronted with new rules that for many mean an increase in the cost of having an advisor. The new tax law passed by Congress last year ends deductions on some types of advisory fees, including those based on the value of assets under management (AUM), a common way advisors charge clients. For both the client and advisor, this change is causing quite a bit of angst. Yet much of this worry is needless because many clients can still get a tax savings on some fees by using an equivalent strategy. ...
Mike Pompeo says Donald Trump strategy a success in surprise Afghanistan visit

Mike Pompeo says Donald Trump strategy a success in surprise Afghanistan visit

World
July 9 (UPI) -- Mike Pompeo made his first visit to Afghanistan as secretary of state Monday, offering optimism about the Trump administration's approach to the 17-year war. Pompeo arrived unannounced to meet with President Ashraf Ghani over potential peace talks between the Afghan government and the Taliban. After assessing the United States' role in the conflict there, Pompeo said he believes President Donald Trump's strategy -- a conditions-based approach over a timeline-based one -- has paid off. "The strategy sent a clear message to the Taliban, they cannot wait us out," Pompeo said. "Many of the Taliban now see that they can't win on the ground militarily, that has everything to do with President Trump's strategy." A report by the Special Inspector General for Afghanistan Reconstru...