Grandparents and their grandchildren often have special bonds. However, another "family member" -- Uncle Sam -- likes to get heavily involved when grandparents want to transfer their wealth to the grandkids. The generation-skipping transfer tax (GSTT) is a federal tax on transfers of assets to anyone more than one generation below the person making the transfer. The IRS definition of one generatio...
Grandparents and their grandchildren often have special bonds. However, another "family member" -- Uncle Sam -- likes to get heavily involved when grandparents want to transfer their wealth to the grandkids. The generation-skipping transfer tax (GSTT) is a federal tax on transfers of assets to anyone more than one generation below the person making the transfer. The IRS definition of one generation below is when the beneficiary is more than 37.5 years younger than the transferor. The GSTT matches the highest federal gift and estate tax rate at the time of the transfer -- 20% in 2026. And it comes on top of any other applicable federal gift or estate taxes. How can retirees pass wealth to their grandchildren and minimize the taxes owed? The generation-skipping trust (GST) is a great tool in many cases. Continue reading
natatravel/iStock via Getty Images SoFi ( SOFI ) released full-year 2025 results recently. I revisited this stock to catch up and because I've seen a lot of discussion about the quality of its loans. I felt more positive, though, so I am here to upgrade. Summary of Previous Theses I originally covered SOFI in July 2024. It was ranging from $6 to $7 per share back then. This was a lot lower than th...
natatravel/iStock via Getty Images SoFi ( SOFI ) released full-year 2025 results recently. I revisited this stock to catch up and because I've seen a lot of discussion about the quality of its loans. I felt more positive, though, so I am here to upgrade. Summary of Previous Theses I originally covered SOFI in July 2024. It was ranging from $6 to $7 per share back then. This was a lot lower than the period after its IPO. SOFI Price From IPO to July 2024 (Seeking Alpha) Looking at the chart above, it had fallen from highs in the $20s. I thought things were going well, however. I mean, they finally had profitable quarters . Screenshot from original thesis (Q1 2025 Form 10Q) In 2022, they acquired Golden Pacific, which got them a bank charter. I was skeptical at first, but I was proved wrong. The $22M acquisition had created $500M in savings on interest expense because they could use deposits instead. I thought earnings could reach $1.5B in five to ten years. I also thought market cap expansion would pull the share price up to $12-$15. So I rated it a buy. Evolution of Revenue (Q3 2024 Company Presentation) I liked a lot of what SoFi was doing. It was creating more sources of revenue. It wasn't depending on student loans as much. It created a burgeoning tech platform that actually partners with other financial institutions. BUT, stock was at $17 then, and I felt it had caught up to my valuation. Because of that, I changed my mind and re-rated it Hold. Full-Year 2025 Results Quite a bit of time has passed since I covered SOFI, and the financial results show that a lot has changed since 2024. Income Statement (2025 Form 10K) Net revenue grew from $2,675M in 2024 to $3,613M in 2025. This was a consequence of gains in both net interest income and noninterest income. This is important, given SoFi's emphasis on their dual nature of banking/lending and serving as a tech platform for financial partners. On that note, let's consider revenue when broken down among their three rep...
(RTTNews) - K. Wah International Holdings Ltd. (KWHAF, 0173.HK) , a property developer in Hongkong, on Friday reported a slip in net loss from a net profit in the previous year, primarily due to sharply lower revenues. Furthermore, the company announced a cut in its dividend p
(RTTNews) - K. Wah International Holdings Ltd. (KWHAF, 0173.HK) , a property developer in Hongkong, on Friday reported a slip in net loss from a net profit in the previous year, primarily due to sharply lower revenues. Furthermore, the company announced a cut in its dividend p
(RTTNews) - Asian stocks ended mostly lower on Friday, mirroring steep declines on Wall Street overnight amid lingering geopolitical tensions in the Middle East.
(RTTNews) - Asian stocks ended mostly lower on Friday, mirroring steep declines on Wall Street overnight amid lingering geopolitical tensions in the Middle East.