Planning for Prosperity / Wealth Management Advisor
PFP
Showing 1–16 of 369 results
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Is a Roth IRA conversion right for you?
March / April 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 418
Abstract: Deciding between a Roth IRA and a traditional IRA generally depends on whether someone is better off paying taxes now (Roth) or later (traditional). This article lists factors that suggest someone might want to convert a traditional IRA to a Roth IRA, including current income temporarily falling into a lower tax bracket.
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Risky business: Borrowing against a life insurance policy
March / April 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 566
Abstract: Permanent life insurance policy owners are generally allowed to borrow against the policy’s cash value. But should they? This article looks at the advantages of such loans (they’re fast and less expensive). But it also warns against risks, such as repayment struggles and the possibility that the policy will lapse if the amount owed exceeds the cash value.
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Tax-smart strategies for leaving generation-ranging wealth
March / April 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 610
Abstract: People who hope to leave wealth to grandchildren, and even great-grandchildren, may need to worry about the generation-skipping transfer (GST) tax. This article explains how the tax works by applying a flat, 40% rate at each generational level. The article also covers GST tax exemptions, gift tax returns and automatic allocation rules.
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Positioning your business for sale – Focus on value enhancement and tax reduction
March / April 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 868
Abstract: Business owners have many possible exit strategies, including selling to the company’s management team or to a third party. This article summarizes the strategies and details how owners can use them to enhance and preserve the value of their business and realize the best possible price. It also looks at the tax implications of selling. A sidebar explains how an employee stock ownership plan can help owners transfer a business.
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When does it make sense to fund gifts with retirement savings?
January / February 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 344
Abstract: Under certain circumstances, funding gifts with retirement savings may provide a tax advantage. This short article talks about how making substantial gifts by the end of 2025 may enable wealthy individuals to lock in higher gift and estate tax exemptions before they expire.
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Trusts vs. LLCs – Protecting your assets from lawsuits and creditors
January / February 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 576
Abstract: Two of the most effective asset protection vehicles are trusts and limited liability companies (LLCs). Which one is right depends on an individual’s circumstances and objectives. This article looks at the advantages and disadvantages of trusts and LLCs when it comes to cost, complexity, privacy and control.
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Digital assets are the 21st century estate planning challenge
January / February 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 630
Abstract: If you haven’t included digital assets in your estate plan, they may not go where you want them to after you’re gone. This article suggests you conduct an inventory of digital assets, then talk to your estate planner about strategies. These might include writing an informal letter to your estate’s executor listing accounts and passwords or establishing a master password that gives your representative access to all your important accounts.
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The Section 529 plan: A versatile financial planning tool
January / February 2024
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Not only can Section 529 plans be used to save for college, but they offer some unique estate planning benefits. This article explains how contributions to 529 plans, like trusts, are considered completed gifts, so they’re removed from a contributor’s taxable estate. The article also discusses how the SECURE 2.0 Act has changed rules regarding overfunded plans. A sidebar lists options for excess 529 plan funds.
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Separately managed accounts – An alternative to mutual funds for high-net-worth investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 424
Abstract: Although mutual funds boast many benefits, they don’t give investors control over investment decisions, such as to buy or sell individual securities at year end. Individuals with considerable wealth may want to consider a separately managed account (SMA) instead. This short article defines SMAs and highlights their tax advantages.
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Does your estate plan account for your digital holdings?
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 568
Abstract: Increasingly, clients are asking their advisors to include digital assets in their estate plans. The consequences of not doing so can be dire, as several high-profile cases of cryptocurrency owners have illustrated. This article looks at the types of digital assets to include and the best ways to provide them with legal protection.
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FAQs about maximizing FDIC insurance coverage
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 640
Abstract: Most bank accounts are safe in the event of bank failure because they’re insured by the Federal Deposit Insurance Corporation (FDIC). This article reviews FDIC coverage limits. It explains concepts such as “ownership categories” and offers tips for increasing insurance coverage for large accounts.
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4 year-end tax moves for investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 836
Abstract: As the year winds down, it’s a good time to implement year-end strategies that can potentially minimize taxes. This article offers four actions to consider taking: 1) Harvest losses or gains; 2) maximize retirement plan contributions; 3) take required minimum distributions from retirement accounts; and 4) make a qualified charitable distribution. The sidebar dispels a common misconception that investing in a mutual fund just before it makes distributions is like getting “free money.”
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Bond ladders can help mitigate interest-rate risk
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 418
Abstract: Bonds can play an important role in an investment portfolio, especially for people near retirement or already retired. Although they may not enjoy the same upside potential as stocks, bonds are somewhat insulated from the stock market’s volatility. This article discusses how bond ladders can reduce interest-rate risk.
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What to do with your 401(k) account when you leave a job
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 589
Abstract: Employees who are changing employers or retiring may need to decide what to do with their 401(k) accounts without triggering a taxable withdrawal. As this article explains, plan participants may keep the funds in their former employer’s plan, roll them over to their new employer’s plan or roll over the funds into an IRA account.
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Estate planning – Keeping the peace in a blended family
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 646
Abstract: Blended family life can be complicated — particularly when it comes to estate planning. This article describes several tools that can preserve wealth for various heirs while also helping families avoid resentment and squabbles. These tools include wills, trusts, prenuptial agreements and durable powers of attorney.
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Thinking about “unretiring?” Do your research first
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 882
Abstract: Given the economic and social turmoil of the last few years, it’s now common for retired individuals to consider returning to the workforce. However, before they “unretire,” people should consider the financial implications, including a paycheck’s impact on their Social Security benefits and Medicare premiums. This article investigates the issues. A sidebar provides tips on shielding a retirement nest egg from market volatility.