Read our print-friendly PDF version The combination of depressed market values, extraordinarily low AFR and 7520 rates, and historically high gift/estate exemption of $11,580,000 opens the door to significant wealth transfer planning opportunities for high net worth individuals and their families. While making a gift of an amount equal to a large part of, or […]
Read our print-friendly PDF version Since the Coronavirus Aid Relief and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27, 2020 it has garnered considerable attention among financial advisors. The interest is due not only to its application to clients of the advisor, but also because […]
Read our print-friendly PDF version Just when I was beginning to believe that I was getting a handle on the new required minimum distribution (RMD) rules that Congress passed in December as part of the SECURE Act, Congress modified them for 2020. Furthermore, there may be more changes around the corner.
Read our print-friendly PDF version Because of recent legislation, IRA owners and qualified plan participants are looking for alternative ways to transfer their account balances to their children and grandchildren, while reducing the amount the IRS will take. In a helpful client piece you can share, we introduce three proven strategies they may want to […]
Read our print-friendly PDF version The effect of COVID-19 is widespread, with nearly all facets of life changing as a result of the outbreak. Certainly a big change might be with your client relationships due to the difficulty of scheduling face-to-face meetings. During this time of social distancing, consider the opportunity that exists to strengthen […]
Read our print-friendly PDF version Wouldn’t you know that a law that was just enacted on December 20, 2019 has just been modified for 2020 only by the CARES (Coronavirus Aid, Relief, and Economic Security) Act. While most of the CARES Act is devoted to providing economic stimulus to businesses hurt financially by COVID-19 virus, […]
Read our print-friendly PDF version Situation: The demise of stretch distribution is here! So, what should financial professionals be doing now? At a minimum you need to understand how the RMD rules work today so you will be in a position to discuss the impact changes will make on your clients’ plans. Unlike the lifetime […]
Read our print-friendly PDF version The general rule of thumb in the past for retirement savings was to use qualified plans to lower one’s current tax obligation, defer them in the present, and withdraw them in the future at a lower rate. A key benefit was that if the funds were not totally withdrawn before […]