PFP

Planning for Prosperity

Showing 1–16 of 301 results

  • Once-in-a-lifetime opportunity – Moving IRA funds to an HSA

    May / June 2021
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 403

    Abstract: Individuals are permitted to transfer funds directly from an IRA to a Health Savings Account (HSA) once during their lifetime. As this short article explains, this straightforward transfer might be useful when people are hit with high medical expenses and have an insufficient balance in their HSA.

    Read More

  • Where there’s a strong desire to retire, there’s FIRE

    May / June 2021
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 591

    Abstract: Some young workers under 40 are retiring early thanks to a relatively new strategy called FIRE (for Financial Independence, Retire Early). This article talks about how an aggressively frugal lifestyle can enable early retirement. Those who plan to retire at a more typical age also can use FIRE principles to strengthen personal finances and advance their retirement goals.

    Read More

  • Investors: How to stop worrying and learn to embrace market volatility

    May / June 2021
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 630

    Abstract: Although market volatility can be unsettling, it has always played a part in financial markets. So it’s important not only to accept volatility, but to embrace the opportunities it can offer. This article suggests that investors choose dollar cost averaging to remove emotion from investing and to rebalance their portfolios regularly to maintain the right risk/reward profile.

    Read More

  • Power your estate plan with a wealth replacement trust

    May / June 2021
    Newsletter: Planning for Prosperity / Wealth Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 901

    Abstract: A wealth replacement trust (WRT) leverages life insurance to allow individuals to meet their charitable goals without shrinking their family’s inheritance. This article summarizes how WRTs work and their benefits, including a lifetime interest stream and several cash flow benefits. A sidebar discusses the advantages and risks of transferring an existing life insurance policy to a WRT.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More