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How advisors can become forward-thinking on taxes
'Clients tend to care more about saving on taxes than maximizing their returns,' an advisor says.
Uncle Sam’s debt woes create opportunity for muni buyers
'If you think taxes are going up, munis and the muni exemption are a great place to be," Nuveen's head of municipals says.
Biden’s budget targets backdoor Roths and $10M retirement accounts
The proposed budget seeks to increase taxes for corporations and the wealthy.
Advisors, don’t overlook these items during tax season
A host of new rules and regulations impacting high-net-worth individuals take effect this year, not to mention a significant old one that’s expiring at the end of 2025.
Social Security Administration weighs in on bill to repeal taxes on benefits
The program's chief actuary says the bill would improve the long-term solvency of Social Security.
Dimon says rich should pay more to fund low-income tax cuts
'There are so many tax breaks out there that shouldn’t be there,' JPMorgan CEO says.
How 401(k)s, 529s factor into the new FAFSA
The forthcoming application for Federal Student Aid will have some big changes that will help some families and hurt others.
New Social Security COLA for 2024 may leave some retirees short
Latest increase could mean some clients see a net deficit, advisor warns.
‘700 Club’ founder Pat Robertson’s death raises estate planning questions
The conservative religious leader and televangelist leaves behind a considerable estate and various nonprofit organizations.
Fisher Investments becomes the latest example of high taxes driving people and businesses away
The $197 billion RIA is heading to Texas after Washington state refused to dial back a 7% tax on capital gains.
Advisory firm looks for clients right before they need advice
Michigan-based Innovia Wealth concentrates on entrepreneurs who are on the brink of striking it rich.
Market downturn shines new light on pros and cons of stock options
In the wake of the 12-year bull market, some financial planners and clients are getting their first look at the flip side of equity compensation.
IRS expects crypto seizures worth billions of dollars in 2022
The agency seized $3.5 billion worth of cryptocurrencies in fiscal 2021, accounting for 93% of all assets seized, and an IRS official says he expects that trend to continue next year.
Advisers worry billionaires tax proposal would expand to other income levels
An annual levy on the unrealized capital gains of ultra-wealthy people 'is a slippery slope' that could draw in millionaires and more, one adviser said.
How advisers can add value to their firms
Some firms mistakenly trim expenses too aggressively to lower their costs and maximize their earnings to attract buyers. It may seem counterintuitive, but the opposite approach can make a firm more desirable.
Biden wants to dismantle two tax strategies used by richest 0.1%
Technical provisions in the administration's tax proposals could disrupt dynasty trusts and intentionally defective grantor trusts, two ways that super wealthy people have legally avoided taxes for decades.
BlackRock ETFs see massive inflows hinting at tax avoidance
Five exchange-traded funds took in about $13.5 billion amid the rebalancing of the FTSE Russell indexes, suggesting heartbeat trades designed to defer taxes faced by fund investors.
Investors flock to municipal bonds for yield and shelter
The $53 billion in assets flowing into tax-exempt municipal bond funds so far this year have already exceeded the inflows for all of last year.
IRS says RMD rules are coming ‘soon’
An IRS official tells a bar association gathering that the arrival of proposed regulations covering the SECURE Act's required minimum distribution provisions will be 'later than imminent but before eventually.'
Treasury calls for reporting crypto transfers over $10,000 to IRS
The announcement pared Bitcoin's rebound from Wednesday's rout, shaving about $3,000 from the token's price.
