The biggest direct impact is on alimony, which will no longer be a deduction for the person paying it, and no longer have to be claimed as income by the person receiving it.
Low tax rates could provide conversion opportunities for clients.
Not everyone is happy about this development.
The industry won’t educate and manage, consumers won’t listen and most advisors won’t get involved.
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Oct 11, 2018
As longevity increases, waiting longer to receive benefits may be the better option for many clients.
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Oct 24, 2018
Female clients have a higher risk of needing and providing care for a loved one, due to longevity.
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Oct 24, 2018
Clients and advisors know long-term care planning is important, yet too few clients plan ahead.
White labeling is best suited for larger plans that are more likely to have requisite in-house expertise and the leverage to drive fees lower.