Stories: Advisor Stories

New legislation offers 'Legacy IRA' provisions and a boost for QCDs Congress passed the much-anticipated, $1.65 trillion-dollar omnibus spending bill known as the Consolidated Appropriations Act of 2023 on Dec. 23, 2022, followed by President Biden signing...

Don't be surprised if your clients are walking into your office in a state of bewilderment over something they've read recently about the IRS's distribution rules for inherited IRAs.  What's the back story? Until the law changed a few years ago, a client...

Earlier this year, Bankrate and Psych Central released the Money and Mental Health study and, not surprisingly, a large number of people surveyed in the research reported that money has a negative impact on their mental health. Needless to say, every...

Before your clients ring in the new year, make sure they have maximized their charitable giving for 2022. Gifts made to a charitable fund by Dec. 31 will earn them a tax deduction for the current year while supporting the causes they love for many years to...

Charitable giving habits are an important window into helping a client make planning decisions around their philanthropic intentions. By noticing patterns in their charitable giving and making recommendations to maximize those gifts, you can add even more...

On Aug. 16, 2022, President Biden signed into law the Inflation Reduction Act. A few tax provisions made it into the final legislation (e.g., a corporate minimum alternative tax). Other items were taken off the table at the last minute, most notably the...

August is National Make a Will Month, and the publicity surrounding this designation may prompt your clients to ask you about whether their affairs are in good order. Of course, making sure a client has established an estate plan and executed corresponding...

By John R. Adams, CLU®, ChFC®, CASL®, RICP®, CFP®Private Wealth AdvisorAdams, Gut & Associates Charitable giving is more than an action; it's a mindset that can be passed down for generations. We believe philanthropy goes beyond just tax strategy,...

UPDATE: The Consolidated Appropriations Act of 2023 was signed into law on Dec. 29, 2022. Read the latest update. Retirement planning is no doubt an important discussion topic during client meetings every year. In recent months, though, you may have...

In the wake of tax season each spring, a new crop of questions may arise concerning clients' gifts to various organizations and whether those donations qualify as tax-deductible charitable contributions. Keep in mind that Section 501(c) of the Internal...