The Treasury Department and the IRS issued temporary regulations and a proposed rule on August 19 designed to clarify the treatment of annuities when a traditional IRA is converted into a Roth IRA under section 408A of the IRC. When such conversions are made, the fair market value of the account is included in the individual's income as if were distributed, Treasury notes, but some taxpayers believed that amount should be the cash surrender value of the contract. Moreover, a number of annuities were designed to specifically suppress the amount of income that would be recognized upon conversion. The temporary regulation specifically states that the full fair market value must be included in income upon conversion, and provides standards for determining what is fair market value. The regulations are effective on transfer made on or after August 19.
This whitepaper, written by Phil Blancato, President and CEO of Ladenburg Thalmann Asset Management, provides in-depth analysis on the use of leading economic indicators in...
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a...
This collection of articles from IMCA's Investments & Wealth Monitor focus on retirement planning.
Jul 09, 2015
In this session we’ll discuss whether or not factor investing is truly active management, and how to define and test whether a factor exists.
Jun 30, 2015
Join ThinkAdvisor & Wells Fargo in this webcast to learn a dynamic four criteria approach and how to gain portfolio flexibility.
Jun 09, 2015
Join ThinkAdvisor for this live, interactive webcast and hear from the winners of the 2015 SMA Mangers of the Year on impact investing strategies and...