| 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 |
Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.
“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson
Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets
Cleveland RIA grows to $68 billion in assets as Philadelphia team, deepening its high-net-worth and retirement-plan practice.
Financial planning leaders say unresolved rules on fees, Roth conversions and financial aid complicate comparisons with 529 plans.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
