The Assets: Tax planning

FAs Weigh In: How FAs Use Muni Bonds

August 12, 2022No Comments

“Of late, there has been a historic sell-off in munis and the opportunity there may prove even greater in the future,” according to Coastal Bridge Advisors’ Jim Pratt-Heaney.

ETF Insider

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ETF Insider for August 11, 2022

You Don’t Have to Direct Index to Save Clients on Taxes

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Direct indexing can be great for large accounts with complicated tax situations. But if a client is just looking for a portfolio that is generally tax-aware, ETF model portfolios can often fill that niche, according to a new analysis by Morningstar.

FAs Weigh In: The What-Ifs of Wealth Transfer

August 10, 2022No Comments

Advisors share the common wealth transfer mistakes families make.

Wealthy Americans Win Out in Dems’ Inflation Reduction Bill

August 9, 2022No Comments

None of the previously proposed tax increases aimed at the richest people in the country made it into the package passed in the Senate on Sunday.

Bill Arms IRS with Billions to Audit Those Making $400K+

August 9, 2022No Comments

The bill passed in the Senate on Sunday would increase the agency’s funding by $79 billion over the next decade, with more than half going toward enforcement.

Dems’ Stock Buybacks Tax Harmful to Retirement Savers: GOP

August 9, 2022No Comments

Republicans claim that the 1% excise tax on stock buybacks would harm 60 million 401(k) savers.

How to Have a Solid Relationship with Your Client

August 2, 2022No Comments

Edward Jones financial advisor Jesse Abercrombie says an "advance plan" is necessary.

Tax on Unrealized Gains of Top 0.01% Proposed in Congress

July 29, 2022No Comments

“While working families pay taxes on each and every paycheck or pension payment, the ultrawealthy can make hundreds of millions of tax-free dollars a year,” according to Rep. Steve Cohen, Bloomberg reports.

When Charitable Deductions Can Hurt Tax Assessments

July 26, 2022No Comments

One widow had to pay back the entire $464,000 she claimed as a deduction because she failed to get a letter from the museum that received her gift of jewelry and artifacts.