Your Kids Could Pay the Price for Poor LTC Planning
Filial responsibility laws are state laws that can essentially hold adult children liable for their parent’s long-term care costs.
Level Fee Trend Survives Fiduciary Rule Delays
The DOL fiduciary rule has created a big shift that is most prominent among advisors who provide retirement-related advice for major financial firms.
When the IRS Wants Your Life Insurance Policy
The government can establish a lien against a policy. It can also foreclose.
Reducing RMDs’ Tax Impact by Using NUA Tax Break
To reduce potential future tax burdens of RMDs, an often-overlooked net unrealized appreciation strategy may benefit younger clients.
Creating a Special Needs Plan for Social Security, ABLE Accounts
Recent data shows one in five individuals will face the need for special needs financial planning, but it’s often overlooked by advisors.
4 Common Questions About End-of-Year Charitable Giving Strategies
Congress could change the rules soon, but, for now, these are the rules.
GOP Tax Reform Bill Unveiled: A First Look
The bill does contain a few twists — especially with respect to popular itemized deductions and small-business taxation.
GOP Tax Plan Increases Need for Estate Planning Flexibility
For high-net-worth clients, the key principle today is keeping options open.
Working Past 70½? Skip the 401(k) RMD Without Penalty
For clients working past age 70½, there is an exception allowing them to defer their 401(k) RMDs until retirement, Professor Robert Bloink says.
GOP Tax Reform Rattling Stock Option Strategies
The GOP tax reform framework contains few details, but tax planning for high-income clients who are compensated with stock options is muddled.