The Assets: Tax planning
June 10, 2021
Advisors Weighing Their Clients' Options with Biden’s Tax Proposals
Estate planners and wealth managers believe that some clients may want to pay capital gains in a way that doesn’t trigger the higher rate proposed by the U.S. president.
June 4, 2021
Advice for Clients Thinking of Escaping California’s High Tax Rates
More people have left the state over the last decade than moved in, according to a report by real estate broker Redfin.
Last Comment: June 2, 2021
June 2, 2021
FAs Weigh In: Biden’s Tax Proposals Merit Re-Examination of Estate Plans
“We should challenge our perspectives on wealth planning away from maximizing unrealized capital gains and deferring taxable income to better co-exist with these tax reforms,” says StrongBox Wealth managing partner Chuck Cooper III.
June 1, 2021
Biden’s Budget Proposal Includes Retroactive Changes to Capital-Gains Tax
The $6 trillion budget assumes that the tax rate increase on high earners took effect in late April this year.
May 26, 2021
Senator Warren Proposes More Money for IRS to Find Tax Cheats
Elizabeth Warren has introduced a bill that would almost triple the Internal Revenue Service’s budget from last fiscal year and make it mandatory.
May 28, 2021
Biden’s Tax Proposals Spur Anxiety; FAs Tell Clients to Calm Down
“We have clients who are wanting to sell their business within the next three to four years, and they’re considering — hopefully not in haste — really accelerating their plans,” one advisor says.
Last Comment: May 26, 2021
May 10, 2021
JPMorgan Rolls Out Managed Annuity Product with Tax Deferral Features
JPMorgan Multi-Asset Choice, which is only available to JPMorgan clients, has no cap on yearly contributions, unlike other tax-deferred products.
May 7, 2021
Edward Jones, UBS, BNY Wealth Talk Strategy with Clients for Biden's Tax Proposal
“We shouldn’t let the tax tail wag our portfolio in terms of how we invest fundamentally,” Edward Jones' Penny Pennington tells Bloomberg.
May 5, 2021
FAs Weigh In: Common Wealth Transfer Mistakes Families Make
“At times, reaching out to professionals just seems like a cost and not an investment into the future” for some families, says Interchange Capital Partners’ Brian Baum.
April 16, 2021
Janney Partners with JPMorgan’s 55ip for Tax Solutions for FAs
The new partnership will let Janney Montgomery Scott's financial advisors access model portfolios to reduce clients’ taxes through tax-loss harvesting and other methods.