Displaying 230 results
Dispelling CARES Act confusion
Ed Slott clears up questions about how the CARES Act will affect required minimum distributions
What does the Secure Act mean as we emerge from quarantine?
Ed Slott offers some tax strategies for you and your clients to consider in 2020.
No free lunch (not even for Tom Hanks) on IRA distributions
Ed Slott separates fact from fiction about how the CARES Act will affect clients’ retirement savings
Zero-commission ETFs could spur practice changes: Cerulli
Report says lower trading costs will encourage advisers to use exchange-traded funds for niche asset allocations
Extended tax deadline: What does it mean?
The tax deadline has been moved to July, but that doesn’t necessarily mean clients should wait, Ed Slott says
Four ways advisers can help clients find opportunities amid market volatility
Annual exclusion gifting, borrowing from life insurance policies and refinancing business loans are among the strategies that might prove useful currently for high-net-worth clients
Wealthy win, low-wage earners lose in tax filing extension
The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills
Stimulus package has helpful provisions for retirees
One-time rebate checks, relaxed rules on required minimum distributions and changes in tax filing deadlines are all pluses
Treasury delays April 15 tax deadline for millions
The extension gives individuals and many businesses 90 extra days to send checks to the government
Treasury may extend April 15 tax deadline over coronavirus
That deadline is cited in the tax code, but the agency regularly makes exceptions, especially for victims of natural disasters
Trump administration budget would extend expiring income, estate tax cuts
Capitol Hill Democrats are set to resist the spending proposal; the SEC requests a budget bump
GPB fails to deliver tax documents to private placement investors
Schedule K-1 forms won't arrive in time for tax season for investors in GPB Automotive Portfolio, one of the company's two largest funds
Advisers want age to continue to climb for mandatory retirement savings withdrawals
The SECURE Act raised the age to 72 from 70 1/2; another bill would boost it to 75
Americans to inherit $764 billion this year, mostly tax-free
But that could change under a new proposal that would scrap the current system, which taxes estates, and instead require heirs to pay income tax on the money they receive
Ultra-wealthy worried about taxes as election nears
Survey also finds 80% of clients concerned about safeguarding their estates
Wealthy investors steer billions toward new Trump tax break
Over the last month, there was a jump in the assets flowing into funds that employ the opportunity zone tax incentive
SECURE Act opens up planning opportunities for advisers
The measure will have wide-reaching effects on retirement and estate planning for most people
Opportunity zone tax break eligibility finalized by Treasury
The regulations outline who qualifies for tax breaks and the penalties for breaking the rules
Advisers expect more Roth conversions under SECURE Act
Clients likely will want to reduce tax burden on inheritors given law's limits on 'stretch IRAs'
House votes to repeal SALT cap
But residents of high-tax states shouldn't get excited — the measure is dead on arrival in the Senate.
