PFP

Planning for Prosperity

Showing 1–16 of 289 results

  • 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.

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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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