Wealth Management - Page 2

Tax Reform and Estate Planning

January 21st, 2018

The tax reform legislation signed by President Trump on December 22 last year included an important change for many wealthier families.


IRS Retirement Plan Contribution Limits

December 12th, 2017

To make it possible for voluntary retirement savings to keep up with inflation, the various numerical limits embedded within qualified retirement plans are indexed for inflation.


A Suboptimal IRA Beneficiary

September 11th, 2017

Charles Sukenik executed his will on November 4, 2004. His estate was to be divided between his surviving spouse, Vivian, and the couple’s private foundation. His revocable trust was restated at the same time, giving Vivian certain real property and the balance to the foundation. Roughly five years later, in 2009, Charles designated Vivian as the beneficiary of his IRA, worth some $3.2 million. That hardly seems like a controversial move—but it turned out to be.


Where’s Dad’s Password List?

June 19th, 2017

One important new aspect of estate planning concerns “digital assets,” a form of property that only recently has come into existence. Simply stated, digital assets are electronic ones and zeros; that is, information inscribed on a tangible medium or stored in an electronic or other medium and which is retrievable in perceivable form.


Emotional Investing

May 11th, 2017

We like to think that since the advent of modern portfolio management practices, investing in stocks and bonds has become a cerebral, analytical process with no room for emotion. The truth is that most investors, even institutional investors, are buffeted by emotional turbulence from time to time, and that truth is reflected in the volatility of the financial markets.


Retirement Tax Trap

March 01st, 2017

What impact will changing residency have on my taxes?


New Perspectives on Revocable Living Trusts

February 12th, 2017

One of the most useful and flexible wealth management tools is the revocable living trust. Traditionally, we like to point to three basic benefits that these trusts offer.


Think Hard Before Tapping Your 401(k) Balance

January 12th, 2016

One of the features that make 401(k) plans so attractive is that your money is not completely out of reach should an emergency need arise.


Risks of Amateur Trustees

February 25th, 2015

More and more affluent families are turning to trust-based solutions for their wealth management and inheritance problems. However, a trust is only as good as its trustee.