Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Romney Makes a Classic Wealth Management Mistake
By Bill CoffinMitt Romney earned a fortune at Bain Capital, and while much has been made of the 15% he paid in taxes last year, the reality is that he could have avoided even more in taxes had he used a Roth IRA.
January 19, 2012
Romney Has Millions in IRA, Report SaysThis could prove to be one heck of a required minimum distribution. The Wall Street Journals Mark Maremont reports that Mitt Romney has between $20.7 million and $101.6 million in his individual retirement account.
January 18, 2012
Making the Play: The Right Financial Guidance for AthletesA good retirement playbook will include growth opportunities and factor in specific protective measures to hedge against a variety of risks, including market volatility, inflation, and longevity. The financial playbooks that will fare best will be those that are realistic, clear, manageable, tested, and beyond all, followed.
January 18, 2012
Making the Play: The Right Financial Guidance for AthletesA good retirement playbook will include growth opportunities and factor in specific protective measures to hedge against a variety of risks, including market volatility, inflation, and longevity. The financial playbooks that will fare best will be those that are realistic, clear, manageable, tested, and beyond all, followed.
January 17, 2012
IRS Burdened by Inadequate Resources: Internal MonitorAmerican taxpayers face inadequate service, erosion of rights and reduced tax compliance because of the Internal Revenue Service's expanding workload and declining resources, according to a report by the IRS' internal monitor.
January 17, 2012
Fight Over Payroll Tax Cut Begins Anew for CongressAs lawmakers return to Washington this week and next, top on their agenda will be to begin hashing out a full-year deal to extend the two-month payroll tax cut that was approved before the holiday recess and that expires on Feb. 29.
January 17, 2012
London’s ‘Bloated’ Banks ShrinkingBanks in London are shedding staff, closing or cutting divisions and seeing pay fall as criticism by politicians, tighter regulations and falling profits take their toll on the financial services sector.
January 12, 2012
Life Insurance for Protection — and Retirement SavingsMost people know life insurance can protect their family with a death benefit. Most dont know that it can also protect their retirement funds.