Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
RMDs can be a drag for the unprepared client and can cost them as much as a 50% penalty if they fail to take them. Advisers can point out several options that can provide clients some tax advantages, offer a lifetime stream of income or help them leave a legacy to future generations, according to CNBC. Here's how longevity insurance, munis, 529 contributions and charitable giving can help
A recent study shows that Roth IRA conversions can help clients leave a larger legacy to their heirs, according to Money. But determining how beneficiaries come out ahead, when they inherit money in tax-deferred or tax-free accounts, depends on a number of factors. This includes the client's marginal tax rate when converting savings to a Roth, their heirs' marginal tax rate when they withdraw the funds, how taxes are paid on the conversion and how long the money remains in the Roth. -- Money
Taxes are one of life’s sure things, but clients can still make changes after the filing deadline. Here’s how.
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How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.
February 14 -
There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.
January 31 -
Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.
January 25 -
Why it's a good time to invest even small amounts into 401(k) and Roth IRA accounts. Plus, avoiding the capital gains hit.
January 17
** We'll be updating our members soon ** #fiduciary #fiduciaryrule https://t.co/cs99bNDLAb
— Fin. Svcs. Institute (@FSIwashington) February 3, 2017
Here's a checklist from Morningstar that advisers can use to help clients keep their retirement plans on track. A client's knowledge level, desire to be hands-on, tax status, and tolerance for short-term volatility can help identify the right investments. -- Morningstar
