Wealth Planning http://wealthmanagement.com/taxonomy/term/6599/more en With a High Level of Certainty http://wealthmanagement.com/estate-planning/high-level-certainty <div class="field-deck"> How to avoid “go fever” </div> <div class="node-body article-body">Some decisions are influenced by “go fever,” an overall attitude of rushing to get a task done while overlooking potential problems or mistakes.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/high-level-certainty" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/high-level-certainty#comments Client Relations Estate Planning Public Tue, 16 Sep 2014 17:29:00 +0000 655041 at http://wealthmanagement.com <p>The Space Shuttle Challenger lifts off January 28, 1986 from Kennedy Space Center, Florida.&nbsp;&nbsp;The Challenger and its seven member crew were lost seventy three seconds after launch when a booster rocket failed.</p> Copyright Getty Images Contributions to IRAs and CESAs http://wealthmanagement.com/retirement-planning/contributions-iras-and-cesas <div class="field-deck"> Postmark stamp on letter of authorization is determinative </div> <div class="node-body article-body">In this PLR, the IRS ruled that a taxpayer who submits a letter of authorization (LOA) to make a contribution to an existing IRA or CESA is deemed to have made a contribution on the last day of the preceding taxable year, so long as the LOA is postmarked or transmitted within the time prescribed by law for filing the taxpayer’s tax return.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/retirement-planning/contributions-iras-and-cesas" target="_blank">read more</a></p> http://wealthmanagement.com/retirement-planning/contributions-iras-and-cesas#comments Retirement Planning Tue, 16 Sep 2014 14:58:00 +0000 654941 at http://wealthmanagement.com Copyright Win McNamee, Getty Images Sizing Up a Client’s Lifespan http://wealthmanagement.com/insurance/sizing-client-s-lifespan <div class="field-deck"> Advisors should assume clients will live to at least 90 when they set up retirement plans using insurance and investment products </div> <div class="node-body article-body">Actuary tables are a useful place to get an idea of a client’s life expectancy for planning purposes. But if your clients are healthy, rich, urban and educated, add at least ten years to the number.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/insurance/sizing-client-s-lifespan" target="_blank">read more</a></p> http://wealthmanagement.com/insurance/sizing-client-s-lifespan#comments Insurance Estate Planning Retirement Planning Tue, 16 Sep 2014 13:20:00 +0000 654761 at http://wealthmanagement.com Image courtesy The Commons/The U.S. National Archives Help Your Clients Protect Their IRAs http://wealthmanagement.com/retirement-planning/help-your-clients-protect-their-iras <div class="field-deck"> If your clients own IRAs, a recent Supreme Court decision may have put their estate plans at risk </div> <div class="node-body article-body">Matt McClintock highlights a recent Supreme Court decision that could have a major impact on your clients' IRAs.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/retirement-planning/help-your-clients-protect-their-iras" target="_blank">read more</a></p> http://wealthmanagement.com/retirement-planning/help-your-clients-protect-their-iras#comments Retirement Planning Public Mon, 15 Sep 2014 13:39:00 +0000 653231 at http://wealthmanagement.com Copyright Win McNamee, Getty Images Gift Tax Audits http://wealthmanagement.com/estate-planning/gift-tax-audits <div class="field-deck"> Will they increase in the future? </div> <div class="node-body article-body">Although only 3,164, or 14.2 percent of the 2012 gift tax returns were audited, many professionals expect the IRS to step up its audit efforts during the next few years based on the IRS’ goal to increase its income.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/gift-tax-audits" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/gift-tax-audits#comments Taxes Estate Planning Public Fri, 12 Sep 2014 19:07:00 +0000 652121 at http://wealthmanagement.com Is Active Management Dying? http://wealthmanagement.com/asset-management/active-management-dying <div class="field-deck"> Active management once reigned supreme, but flows to active funds are now slowing. Is there still a role for active investing? </div> <div class="node-body article-body">Active management once reigned supreme, but flows to active funds are now slowing. Is there still a role for active investing?</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/asset-management/active-management-dying" target="_blank">read more</a></p> http://wealthmanagement.com/asset-management/active-management-dying#comments Asset Protection ETFs Mutual Funds Asset Management Retirement Planning Fri, 12 Sep 2014 13:00:00 +0000 651161 at http://wealthmanagement.com adrian825/iStock/Thinkstock As Music Sales Fall, Sax Player Kenny G Turns to Stockpicking http://wealthmanagement.com/people/music-sales-fall-sax-player-kenny-g-turns-stockpicking <div class="field-byline"> Reuters </div> <div class="field-deck"> Chart-topping jazz musician has has earned about as much money from stock trading as from music over the past decade </div> <div class="node-body article-body">Kenny G, the best-selling jazz musician who once played at President Bill Clinton's inaugural ball, wakes up every morning to Starbucks, a company he holds a significant amount of stock in.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/people/music-sales-fall-sax-player-kenny-g-turns-stockpicking" target="_blank">read more</a></p> http://wealthmanagement.com/people/music-sales-fall-sax-player-kenny-g-turns-stockpicking#comments People Strategies High Net Worth Fri, 12 Sep 2014 11:00:00 +0000 651731 at http://wealthmanagement.com Copyright Ethan Miller, Getty Images A Role for Law in Preparing for Death http://wealthmanagement.com/estate-planning/role-law-preparing-death <div class="field-deck"> Advance care planning may help prevent conflicts </div> <div class="node-body article-body">Don't allow a client's reluctance to discuss death to impede his estate planning.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/role-law-preparing-death" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/role-law-preparing-death#comments Estate Planning Premium T&E Thu, 11 Sep 2014 13:08:00 +0000 636331 at http://wealthmanagement.com Ziviani/iStock/Thinkstock Convening the Family http://wealthmanagement.com/family-business/convening-family <div class="field-byline"> Erik Strid </div> <div class="field-deck"> Family meetings are an effective way to get in front of controversial topics and create a needed discipline for the family to make important multi-generational decisions </div> <div class="node-body article-body"><p>Family meetings are an effective way to get in front of controversial topics and create a needed discipline for the family to make important multi-generational decisions involving real estate, inheritances and family businesses</p> </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/family-business/convening-family" target="_blank">read more</a></p> Asset Protection Family Business Estate Planning Wealth Planning Wed, 10 Sep 2014 14:29:00 +0000 648751 at http://wealthmanagement.com <p>Jacqueline Kennedy (1929 - 1994) with her children Caroline and John in the living room of the Kennedy ancestral home at Dunganstown, County Wexford, during a family holiday in Ireland, June 29, 1967.</p> Central Press/Stringer/Getty Images Death of Formula-Based Estate Planning http://wealthmanagement.com/estate-planning/death-formula-based-estate-planning <div class="node-body article-body">There are very few circumstances in which a traditional zero-out-the-estate-tax formula approach is the best way to go.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/death-formula-based-estate-planning" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/death-formula-based-estate-planning#comments Estate Planning Public Wed, 10 Sep 2014 13:24:00 +0000 636361 at http://wealthmanagement.com