Planning for Prosperity / Wealth Management Advisor
Showing 65–80 of 361 results
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Stress testing – Does your portfolio pass the “what if” test?
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 397
Abstract: To expose any potential weaknesses, investors might want to perform occasional “stress tests” on their investment portfolios. This short article lists some adverse — as well as several positive — financial scenarios that can affect portfolio performance.
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Repayment plans can ease the pain of student loan debt
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 502
Abstract: These days, many student loan debtors are struggling to keep up with payments. But as this article explains, the federal government offers a variety of student loan repayment options, including graduated payment plans. There are also programs to help reduce monthly payments, such as the Revised Pay As You Earn plan.
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How to keep states from taxing you twice
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 668
Abstract: Federal law doesn’t explicitly prohibit multiple states from attempting to collect tax on the same income. So people who live and work in more than one state and want to prevent double taxation may need to take action. This article explains the difference between domicile and residence and how establishing domicile in one state can minimize unnecessary taxes.
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To make your savings last, consider phased retirement
March / April 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 895
Abstract: To help extend the life of their savings while easing some of the emotional strain associated with leaving the workforce, people approaching retirement age might want to consider phased retirement. This article outlines the strategy and its advantages — including deferral of RMDs and enhanced Social Security benefits. A sidebar discusses whether those aged 65 and older must enroll in Medicare.
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Should you start Social Security benefits early?
January / February 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 423
Abstract: Full retirement age for Social Security benefits generally is between ages 66 and 67. But individuals can take a reduced benefit starting as early as age 62. They also can increase the amount of their benefits — by 8% per year, up to a maximum of 32% — by delaying their start date to as late as age 70. This article weighs the advantages and disadvantages of these options.
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How a CRT can work as a “stretch IRA” substitute
January / February 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 619
Abstract: Until recently, “stretch” IRAs offered significant advantages by allowing distributions to be spread over decades. But the SECURE Act reduced those benefits. This article looks at a couple of strategies that can replicate some of the benefits of a stretch IRA, including using a charitable remainder trust.
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Congratulations on your windfall! Now, for the caveats
January / February 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 532
Abstract: Most people would welcome a financial windfall. But managing the money might require financial knowledge and experience they don’t have. This article helps windfall recipients avoid common mistakes and make a plan that will enable them to reach their financial goals.
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The kiddie tax: What’s new is old again
January / February 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 899
Abstract: The SECURE Act has restored older rules to the federal “kiddie tax.” As this article explains, those contemplating financial gifts to their children need to understand the impact of the tax in its current form. Also, if they made gifts in 2018 or 2019 and calculated kiddie tax on their children’s returns, they may want to amend them. A sidebar provides guidelines for taxpayers contemplating amending their returns.
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Tapping retirement savings — but only as a last resort
November / December 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 412
Abstract: One of the CARES Act provisions allows eligible individuals to withdraw up to $100,000 from IRAs and 401(k)s without triggering the 10% early withdrawal penalty. This short article provides details and warns about potential pitfalls.
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Are business loans between family members a good idea?
November / December 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 571
Abstract: In this challenging environment, business owners may be eyeing family members as a source of capital. But if family loans aren’t structured properly, owners could invite IRS scrutiny and harm the company’s ability to access capital in the future. This article weighs the pros and cons of family loans.
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Wealth transfer strategies – Strike while interest rates are low
November / December 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 893
Abstract: Today’s low interest rates create attractive opportunities to transfer wealth to younger generations in a tax-advantaged way. This article describes several general transfer strategies using trusts such as GRATS and CLATs, as well as interfamily loans. A sidebar explains why business owners might want to consider selling to an intentionally defective grantor trust.
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Year-end tax planning for challenging times
November / December 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Time is running out for those seeking to reduce 2020 taxes. This article suggests converting a traditional IRA to a Roth IRA, skipping required minimum distributions (if possible) and selling real estate in installments. It also explains how to harvest capital losses and gains.
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Giving to charity is a little sweeter in 2020
September / October 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 410
Abstract: The CARES Act temporarily created a new $300 charitable deduction for nonitemizing taxpayers. But it also gives larger donors an opportunity to save more tax on their gifts. This article explains what donors need to know when they make financial gifts in 2020.
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Make the most of estate and gift tax exemptions
September / October 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: For affluent families, a temporary increase in the federal lifetime estate and gift tax exemption provides a window of opportunity to transfer substantial amounts of wealth tax-free. But even those with more modest fortunes should consider taking advantage of the exemption. This article describes potential tax savings from making gifts and paying tuition and medical expenses on behalf of family members.
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Now more than ever, life insurance is worth considering
September / October 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 629
Abstract: The COVID-19 pandemic has changed the way people think about many things — including life insurance. This article helps new purchasers of life insurance navigate the market and choose the appropriate type of policy and amount of coverage.
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Approaching retirement? How to deal with market volatility
September / October 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 860
Abstract: Those approaching retirement, or who are already retired, may be worried about the effects of recent market volatility on their retirement portfolio. This article explains how to review and adjust asset allocations and manage multiple time horizons. It also offers tips on “catching up” for those who haven’t saved enough. A sidebar describes retirement relief offered by the CARES Act.