Matt Cerminaro, data researcher and founder of Exhibit A, breaks down bonds and short-term treasuries. Sean Russo, investment analyst at Ritholtz Wealth, covers portfolio allocation, cash versus equities, and mortgage versus investing tradeoffs. They discuss using short-term treasuries for safety, investing cash awaiting a down payment, and whether Social Security will last to 2060.
41:30
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
volunteer_activism ADVICE
Use AI For Simple Tax Returns But Keep Expert Oversight
Do expect AI to handle simple tax returns soon but not complex returns involving nuanced rules or recent law changes.
Bill Artzerounian says basic W-2 returns could be automated within years, but experts will still be needed for complex, fact-specific issues.
question_answer ANECDOTE
Clients Tried Deducting An Airplane And A Shark
Bill Artzerounian recounted clients trying to depreciate an airplane as a business expense and another deducting an ornamental shark for a home office.
These stories show how taxpayers push deductions into absurd territory and require judgment to evaluate.
volunteer_activism ADVICE
Fund Kids' 530A Accounts Then Convert To Roth
Use Trump accounts (new 530A) as a way to make non-deductible contributions for children and consider converting to a Roth when their income is low.
Bill Artzerounian warns to track basis carefully because they function like non-deductible IRAs and conversions can trigger taxes and penalties if mishandled.
Get the Snipd Podcast app to discover more snips from this episode
On episode 217 of Ask The Compound, Guest Host Bill Sweet and Duncan Hill are joined by Ritholtz Wealth Director of Tax Services Bill Artzerounian, Ritholtz Wealth Investment Analyst Sean Russo and Data Research Associate and founder of Exhibit A Matt Cerminaro to discuss Trump accounts vs 529 plans, government bonds, social security, moving to NYC in 2026, AI and taxes and more. Submit your Ask The Compound questions to askthecompoundshow@gmail.com!
Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Ben Carlson, Duncan Hill, Bill Sweet, Sean Russo and Matt Cerminaro are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/
The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers
Ask The Compound