Planning for Prosperity / Wealth Management Advisor
Showing 81–96 of 361 results
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How to estimate tax payments — and stay in the IRS’s good graces
July / August 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 570
Abstract: If your employer doesn’t automatically withhold income taxes (or you’re self-employed), the IRS expects you make regular, estimated tax payments. This article explains which types of income require estimated payments and outlines two methods of calculating the amount owed.
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Family businesses: Choosing the right exit strategy
July / August 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 588
Abstract: There are many different exit strategies for a family business, including transferring it to the younger generation, selling it to the company’s management or to an employee stock ownership plan, or selling it to a third party. This article explores these options and stresses the importance of timing a sale right.
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Should you invest internationally?
July / August 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 402
Abstract: The average U.S. investor’s stock portfolio allocates 90% to domestic securities. But ignoring international markets may be a big mistake. This short article lists several potential advantages — including reduced volatility — of investing in foreign equities.
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SECURE Act – Revisit your retirement plan in light of new law
July / August 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 912
Abstract: The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law in December 2019, is designed to improve access to tax-advantaged retirement plans. It also recognizes that many people work beyond the traditional retirement age. This article highlights SECURE Act provisions that push back required minimum distributions, lift the age limit for IRA contributions and reduce costs for businesses offering plans to workers. A sidebar explains how the SECURE Act may affect estate planning.
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Making financial plans? Get your assets appraised
May / June 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 423
Abstract: For hard-to-value assets, such as closely held businesses, real estate and art, a professional appraisal may be necessary. This short article lists situations that call for an appraisal, including retirement and estate planning, gift disclosures and charitable donations.
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How a living will helps ensure your last wishes are carried out
May / June 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 555
Abstract: Living wills specify what should occur and who should make medical decisions should someone become seriously ill and unable to make decisions for him- or herself. As this article details, two other documents, a durable power of attorney for property and a health care power of attorney, usually are drafted at the same time.
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Investing in cryptocurrency – How to avoid unpleasant tax surprises
May / June 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 636
Abstract: As investing in Bitcoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. This article explains that using cryptocurrency to make purchases can trigger a capital gain or loss. Also, owners may recognize taxable income as a result of certain blockchain events. The IRS is expected to offer additional guidance in the near future.
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Build an emergency fund to weather any storm
May / June 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 893
Abstract: Regardless of current income, everyone needs to set aside some cash in a savings account or other liquid, low-risk investment for an emergency. This article advises readers to focus on expenses, not income, when determining an emergency fund target. It also warns against overfunding, or saving too much in a low-interest account. A sidebar discusses how to “rightsize” income tax withholding.
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Investment fraud – If it seems too good to be true …
March / April 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 417
Abstract: To avoid scams, investors must ask questions, perform basic research and consult with trusted advisors before they hand over their money. This article warns about several common investment scams — including pyramid, pump and dump and advance fee schemes. It also identifies red flags and explains how investors can vet financial professionals.
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DAFs offer a low-cost alternative to private foundations
March / April 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 592
Abstract: Charitable donors looking for a relatively cost-efficient vehicle for leaving a charitable legacy might want to consider a donor-advised fund (DAF). This article discusses how DAFs work and why they’re particularly valuable now, especially when compared with private foundations. Readers are urged to monitor developments related to DAFs in Congress and state legislatures.
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Wait! Don’t leave your job without your retirement account
March / April 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 649
Abstract: When employees leave their jobs, they need to make decisions about any employer-sponsored retirement plan accounts. This article describes four options (and their benefits and drawbacks): Leave the money where it is, roll it into the new employer’s plan, transfer the balance into an IRA or cash out.
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What bond investors need to know about yield
March / April 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 891
Abstract: To evaluate bond performance, investors are told to compare yields. Yet definitions of “yield” aren’t always straightforward. This article defines several, including current yield, yield to maturity and yield to call. The right type of yield depends largely on whether the bond is callable or noncallable. A sidebar explains why investors trying to compare short- and long-term bonds should consider consulting the yield curve.
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Should you hold your vacation home in an LLC?
January / February 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: Holding a vacation home shared by family members in a limited liability company can offer important benefits. This short article lists several: asset protection, ease of management, ownership restrictions and estate planning advantages.
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New tax strategies for charitable givers
January / February 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: The passage of the Tax Cuts and Jobs Act (TCJA) changed or eliminated tax benefits for many charitable donors who no longer itemize deductions. However, tax-saving strategies may still be available. This article proposes “bunching,” or donating twice as much in alternate years to take advantage of itemizing, and then using the standard deduction in the other years.
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Time is money – How Millennials can take advantage of it
January / February 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 707
Abstract: Millennials face some unique challenges when it comes to investing for retirement. Most came of age after the 2008 financial crisis and many are burdened by student loan debt and rising health care costs. This article explains how young adults can use time and the compounding effect of reinvesting earnings to accumulate a nest egg.
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NQDC plans offer important benefits — and some notable risks
January / February 2020
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 854
Abstract: Nonqualified deferred compensation (NQDC) plans allow participants to set aside large amounts of tax-deferred compensation. They also enable participants to schedule distributions to align with personal financial goals. However, NQDC plans pose substantial risks. This article compares the pros and cons. A sidebar warns about noncompliance with Internal Revenue Code Section 409A.