{title} icon

Individual and Family Wealth Articles

 

Ten Potential Mistakes to Avoid in Estate Planning

Ten Potential Mistakes to Avoid in Estate Planning

Posted by Robert Ingrasci on September 28, 2020

Sometimes people attempt to make an estate plan without consulting legal and financial professionals, but everyone is different and a boilerplate form isn't sufficient. Here is a list of 10 potential mistakes in estate planning that you can help avoid with professional counseling.

> Read More
August 2020 Market and Economy Update

August 2020 Market and Economy Update

Posted by David Schlein on August 28, 2020

This August video provides an update and recounts the top events that have affected the market and economy in the last several weeks.

> Read More
2020 Tax Planning Paradox – Accelerate Income to Lower Your Total Tax Liability

2020 Tax Planning Paradox – Accelerate Income to Lower Your Total Tax Liability

Posted by Robert Ingrasci on August 25, 2020

As 2020 winds down, it’s time to consider year-end planning. It’s an unusual year, with taxpayers experiencing losses due to the economic downturn and the possibility of higher income tax rates next year. Consequently, we need to rethink the traditional year-end advice of deferring income and accelerating deductions to minimize one’s total tax liability over the years. Accelerating income in 2020 has several advantages.

> Read More
Beware: Retirement Plan Loan Defaults Can Be Costly

Beware: Retirement Plan Loan Defaults Can Be Costly

Posted by Bryan Staniszewski on August 24, 2020

The COVID-19 pandemic has resulted in many people borrowing from their companies' qualified retirement plans. If economic fallout from the pandemic causes you to default on one of these loans, it will cause negative tax and retirement-saving consequences.

> Read More
IRS Extends Relief for 2020 RMD Waivers and Rollovers

IRS Extends Relief for 2020 RMD Waivers and Rollovers

Posted by David Schlein on August 24, 2020

The CARES Act waived required minimum distributions (RMDs) from tax-qualified defined contribution retirement plans (such as 401(k) and 403(b) plans) and individual retirement accounts (IRAs) that were otherwise due in 2020 to help Americans cope with the uncertainty caused by the COVID-19 pandemic. 

> Read More
Tax Considerations for Principal Residence Foreclosures Today

Tax Considerations for Principal Residence Foreclosures Today

Posted by Kevin Smeader on August 12, 2020

Financial stress could cause homeowners to fall behind on mortgage payments. At some point, lenders may decide to foreclose on the properties. What are the federal income tax consequences of a home mortgage foreclosure?

> Read More
Back to the Future: Prior-Law Kiddie Tax Rates Retroactively Reinstated  

Back to the Future: Prior-Law Kiddie Tax Rates Retroactively Reinstated  

Posted by Christopher Lukowski on August 12, 2020

The Tax Cuts and Jobs Act (TCJA) made an unfavorable change to the kiddie tax rules, starting in 2018, but that change was retroactively reversed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which passed in late 2019. 

> Read More
International Aspects of the 2020 Section 163(J) Proposed Regulations

International Aspects of the 2020 Section 163(J) Proposed Regulations

Posted by Mark Janulewicz on August 10, 2020

On July 28, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) released final regulations under Section 163(j).

> Read More
A SLAT Can Reduce Risk If You’re Giving Away Substantial Wealth

A SLAT Can Reduce Risk If You’re Giving Away Substantial Wealth

Posted by Cheryl A. Jankowski on August 10, 2020

Today's increased gift and estate tax exemptions enable wealthy families to give away substantial wealth gift-tax-free, but they must act before the exemption amounts revert in 2026 to previous levels. 

> Read More
How to Avoid Penalties on Early Retirement Account Withdrawals

How to Avoid Penalties on Early Retirement Account Withdrawals

Posted by D’Marie Murray on August 10, 2020

The COVID-19 pandemic has resulted in many people borrowing from their companies' qualified retirement plans. If economic fallout from the pandemic causes you to default on one of these loans, it will cause negative tax and retirement-saving consequences.

> Read More
Page 1 of 9 pages  1 2 3 >  Last ›
SIGN UP TO RECEIVE OUR LATEST ARTICLES, NEWSLETTERS, AND EVENTS. SIGN UP

Comprehensive. Proactive. Accessible.
How Can We Help?