The State of Retirement for Small Business Owners: Not Good, Says BMO
Three-quarters of small business owners have less than $100,000 saved for retirement, a survey by BMO Wealth Management found.
Where Wealthy Donors Give and What They Expect: U.S. Trust Survey
The wealthy contributed to eight different nonprofit organizations on average, with most giving to basic needs groups.
Schwab’s Bernie Clark Urges Advisors to Evolve; Unveils Robo-Advisor Upgrades
Since wirehouses “want to look like you,” head of Schwab custody unit urges advisors to evolve to meet client needs.
4 Ways to Limit Taxes on Retirement Withdrawals
Vanguard investment strategest Colleen Jaconetti talks about the most tax-efficient ways to sequence withdrawals from retirement accounts.
Schwab, Fidelity Having Banner Year for Charitable Giving
The donor-advised funds of Schwab and Fidelity report big increases in deployments through the third quarter.
‘Huge’ Wealth Transfer in Sight: UBS, PwC Report
In the U.S. alone, about $1.1 trillion will transfer to the next generation over a period of 20 years, the report estimates.
9 Key Things Next President Should Do to Fix Economy: Brookings
Although the economy hasn’t always been the focus of this campaign, it will be among the most important challenges for the next president.
New IRS QTIP Rules Increase Estate Tax Portability Benefits
Newly released guidance allows a powerful planning strategy that can be used by wealthy clients to maximize a deceased spouse’s federal estate tax exemption.
Community Property: When Federal-State IRA Rules Collide
Sorting out the state community property rules and IRS rules on beneficiary designations in retirement accounts.
GRAT Valuation Discounts Disappearing Soon
Clients have a short window to use valuation discounts for transfers of interest in family businesses under Treasury’s current rules.