Put Those RMDs Back. Now.While there are exceptions, taking advantage of the chance to return 2020 RMDs can create outsize tax savings for many clients. But the deadline is fast approaching.The deadline for fixing required minimum distributions (RMDs) that came out of client accounts prior to the …
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Why High-Net-Worth Boomers Should Consider Gifting Their Estates In 2020
Why High-Net-Worth Boomers Should Consider Gifting Their Estates In 2020The U.S. is on the verge of the largest generational wealth transfer in history. Over the next two decades, millennials are set to inherit $30 trillion from boomers, America’s wealthiest generation. Like almost everything else, …
What Is A Hybrid Life Insurance /Long-Term Care Combination Plan?
By Bill Monte, CLU, ChFC, CLTC, LTCP, RICP There are a number of things that you shouldn’t take gambles on in life, like your retirement savings, how you raise your kids, or especially your health. Unfortunately, many Americans do take one particular risk with their health, possibly without even …
Where Do The Candidates And Parties Stand On Social Security?
Where Do The Candidates And Parties Stand On Social Security?With the political conventions of both major parties scheduled in the next few weeks, it’s a good time to look at the positions the presidential candidates and political parties hold on Social Security. It’s also a particularly opportune …
Financial Planning for a Biden Tax Plan
Financial Planning for a Biden Tax PlanAlthough US Presidents' influence on the economy is limited, their tax plans can affect Americans' personal finances. Given Biden's current lead in the polls and the real possibility of Democrats gaining control of the Senate, his tax plan may eventually be …