Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
GAO Report pegs IRA account balances at $5.2 trillion
By Warren S. HerschMost taxpayers have IRA balances below $1 million, but some have balances topping $5 million.
September 17, 2014
Why Advisors Fail to Land Hot ProspectsYouve got a crack at a multimillion-dollar account. You go in there with everything youve got. And you lose the opportunity. What happened?
September 17, 2014
How to Join 9,000 Taxpayers With Romney-Sized IRAsIf it seems impossible to amass a fortune in an IRA during your lifetime, think again.
September 16, 2014
Beware: ETN Pitfalls AboundETNs have a number of benefits, but also shortcomings, including credit risk and taxation. It's important that advisors weigh ETNs' pros and cons to make the right choice for clients.
September 16, 2014
20 Best & Worst Tax StatesConservatives and liberals generally agree on what a fair state and local tax system looks like, but no state actually has such a system.
September 15, 2014
7 Ways to Avoid Picking a Bad AdvisorIf a veteran Wall Street Journal editor covering wealth management gets duped by his advisor, Eric Nelson says, what chance do ordinary investors have?
September 15, 2014
Safeguarding Retirement With 401(k) Plan In-Service WithdrawalsLittle-known IRS rules that provide for in-service 401(k) withdrawals allow use of funds already earmarked for retirement to implement an annuity strategy while still working.
September 15, 2014
How I Track My Clients’ NeedsHere's how I keep track of what I need to accomplish with my clients and my business, but am I being efficient?