For Estate Planning, Don’t Overlook Late Portability Elections
Fortunately, the IRS has provided relief for certain clients who have failed to make a timely portability election.
Despite DOL Fiduciary Suspension, Merrill, Morgan Stanley Roll Out Products
Despite the delayed applicability of the DOL fiduciary rule ordered by President Trump, advisors are providing guidance to small-business owners looking to offer 401(k)s.
Clients Regret Their Irrevocable Trusts? Try the ‘Decanting’ Solution
For clients who regret establishing irrevocable trusts, many states now allow modifications to those trusts.
The Surprise Tax Hit for Post-Medicare HSA Contributions
Many clients are unaware of the complications that arise with respect to HSAs once they become eligible for Medicare, and penalties can be steep.
Estate Planning: The Family Limited Partnership Strategy
A recent Tax Court ruling provides valuable lessons in how HNW clients can use this strategy to minimize transfer taxes, legally.
Mixing Medicare and IRAs to Build Client Tax Savings
Reducing income by making qualified charitable distributions from an IRA can provide a health care financing solution for some clients in retirement.
The Almost ESOP Small-Business Succession Strategy
An ESOP alternative using a modified DB plan structure may provide a viable option for small-business owners trying to transition the company (and minimize taxes).
Buffer Annuities: The Good, the Bad, the Ugly
This cross between an indexed annuity and a variable annuity has gained attention in the investment world—and not all of it positive.
Single Premium Deferred Annuities: One Size Does Not Fit All
An SPDIA can be a valuable retirement income product, but choosing the right SPDIA can’t be done using a one-size-fits-all approach.
Indexed Annuities Exemption Would Ease DOL Fiduciary Burden
While fixed indexed annuities would potentially be ineligible to take advantage of the BICE under the fiduciary rule, the DOL has proposed a class exemption.