| RETIREMENT PLANNING | Prevent Roth conversions of after-tax dollars (eliminate backdoor Roth contributions) | Add required minimum distributions at age 701/2 for Roth accounts | Require 5-year rule for non-spouse IRA beneficiaries (eliminate stretch IRA) | Prevent new retirement contributions for those with >$3.4M in account balances | Repeal net unrealized appreciations rules for employer stock in an employer retirement plan |
| ESTATE PLANNING | Establish 10-year minimum term for grantor retained annuity trusts | Require property sold to an intentionally defective grantor trust to be included in the estate | Create 90-year maximum term to prevent dynasty trusts | Limit total present interest gifting through Crummey powers | Eliminate step-up in basis, replaced with deemed-sale-at-death rules |
| OTHER INCOME TAX "LOOPHOLE CLOSERS" | Limit 1031 like-kind exchanges of real estate to maximum $1M gains deferral | Require average cost for all stock sales (no more specific lot identification or FIFO/LIFO choices) | Apply 3.8% Medicare surtax on investment income to passive S corp dividends | Limit transfer-for-value rules for buyers of life settlements |
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
