FPA Smartbrief (Aug. 4, 2020): Advisors Contributing to Their Communities; Preparing for Wealth Shift to Women; Getting the Most Out of Your Marketing, and More!

Advisers play key role in caring for the community From developing protocols to keep workers and clients safe in re-opened offices to helping communities of color, the pandemic has given many advisers new opportunities to contribute to their communities in valuable ways, writes Ana Trujillo Limón, senior editor of the Journal of Financial Planning, and editor … Continue reading FPA Smartbrief (Aug. 4, 2020): Advisors Contributing to Their Communities; Preparing for Wealth Shift to Women; Getting the Most Out of Your Marketing, and More!

Bessemer Trust (Holly MacDonald, Barbara Stern & Elise Mordos): Elections and the Markets Q&A (July 31, 2020)

Bessemer Trust has released a research paper on the impact of the upcoming election on the financial markets. It addresses the following questions: How much do politics matter for markets, and how can an investor have an edge in anticipating political shifts?Should we throw out the polls?Is this election cycle going to be completely different … Continue reading Bessemer Trust (Holly MacDonald, Barbara Stern & Elise Mordos): Elections and the Markets Q&A (July 31, 2020)

Bridgewater YouTube Video: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere (July 23, 2020)

Bridgewater has released a video by Bridgewater Senior Portfolio Strategist, Jim Haskell, on managing money in a zero interest rate environment. The summary and video are below: We believe the most important topic facing all investors today is how to manage money in a zero interest rate environment. Recently, Bridgewater’s research team published a three-part … Continue reading Bridgewater YouTube Video: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere (July 23, 2020)

FPA SmartBrief (July 24, 2020) Incapacity Planning Shouldn’t Be Overlooked and More!

Incapacity planning should never be overlooked COVID-19, and a host of other conditions, can result in temporary or permanent incapacity and create a huge financial issue for families unless they are properly prepared, writes Travis Neal, an attorney at Hartog, Baer & Hand, APC. In this blog post, Neal outlines what advisers and their clients … Continue reading FPA SmartBrief (July 24, 2020) Incapacity Planning Shouldn’t Be Overlooked and More!

Michael Kitces, Kitces Report (July 22, 2020): Harvesting Capital Gains Vs Roth Conversions At 0% Tax Rates

Michael Kitces has written about Harvesting Capital Gains Vs Roth Conversions At 0% Tax Rates. The Executive Summary of his article is as follows: For many high-income clients, financial advisors recommend deferring income as a strategy to mitigate taxes, especially when the client is in a high tax bracket and expects to be in a … Continue reading Michael Kitces, Kitces Report (July 22, 2020): Harvesting Capital Gains Vs Roth Conversions At 0% Tax Rates

Bridgewater YouTube Video: The Mechanics of the Economic Flywheel and Pandemic Investment Outcomes (May 28, 2020)

Bridgewater has released a video where, in conversation with Senior Portfolio Strategist Jim Haskel, Co-CIO Bob Prince examines the forces COVID-19 unleashed on the economy, the measures that will be required to restart the flywheel between income and spending, and the range of ways the shock is impacting different countries, sectors, and companies. It looks … Continue reading Bridgewater YouTube Video: The Mechanics of the Economic Flywheel and Pandemic Investment Outcomes (May 28, 2020)

Albert Feuer, How the CARES Act Takes Care of an Individual’s Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020)

Albert Feuer has made available for download his article, How the CARES Act Takes Care of an Individual's Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020).  The Abstract is as follows: The CARES Act forgives federal student loan payments with due dates between March 27, 2020 and September 30, 2020 and suspends … Continue reading Albert Feuer, How the CARES Act Takes Care of an Individual’s Savings and Retirement Benefits, 48 Comp. Plan. J. 110 (May 2020)

Kitces Report: Jeffrey Levine: Using Coronavirus-Related Distributions To Manage Tax Exposure (May 6, 2020)

The Kitces Report has published a new article by Jeffrey Levine, Using Coronavirus-Related Distributions To Manage Tax Exposure (May 6, 2020). The Executive Summary is as follows: In response to the COVID-19 global pandemic, the US Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act last month. A more than $2 trillion emergency … Continue reading Kitces Report: Jeffrey Levine: Using Coronavirus-Related Distributions To Manage Tax Exposure (May 6, 2020)

My Retirement Plan Is You – The New York Times (May 2, 2020)

Charlotte Cowles, of the New York Times, writes about the growing trend of parents moving in with their millennial children. Her article begins as follows: Sian-Pierre Regis, 35, is used to living with roommates. For the past 10 years, he has split the rent on his apartment in the Chelsea neighborhood of Manhattan with two … Continue reading My Retirement Plan Is You – The New York Times (May 2, 2020)

AICPA Tax Insider (Apr. 16, 2020) Inherited IRA Strategies and More

IRS launches tool for nonfilers to receive stimulus payments The IRS has launched an online portal for taxpayers who are eligible to receive an economic impact payment but who are not normally required to file an income tax return because their income is too low. Inherited IRA strategies after the SECURE Act By Randy A. … Continue reading AICPA Tax Insider (Apr. 16, 2020) Inherited IRA Strategies and More

Bridgewater Daily Observations Re Coronavirus

Bridgewater's Daily Observations are noted for their in depth analysis of the economic environment and the markets. Generally, they are only available to Bridgewater clients, with certain exceptions. The following two Daily Observations are available at no charge on the Bridgewater website (registration may be required). THE CORONAVIRUS’S $4 TRILLION HIT TO US CORPORATIONS DAILY … Continue reading Bridgewater Daily Observations Re Coronavirus

What COVID-19 Means for America’s Economic and Financial Statecraft

By Michael B. Greenwald It is already evident that coronavirus has triggered a deeper recession than that of the Global Financial Crisis. Much like the latter, monetary authorities at the Federal Reserve have undertaken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion … Continue reading What COVID-19 Means for America’s Economic and Financial Statecraft

Kitces Report: Jeffrey Levine, Analyzing The CARES Act: From Rebate Checks To Small Business Relief For The Coronavirus Pandemic (Mar 27, 2020)

Jeffrey Levine has published an in depth article on the CARES Act on the Kitces Report. The Executive Summary is as follows: In response to the unfolding COVID-19 global pandemic (as the US this week surpassed China as the country with the most confirmed cases in the world), the US Senate has passed the Coronavirus … Continue reading Kitces Report: Jeffrey Levine, Analyzing The CARES Act: From Rebate Checks To Small Business Relief For The Coronavirus Pandemic (Mar 27, 2020)

How the Final Regulations on Qualified Opportunity Funds Come Out on Trust and Estate Related Issues

By Kevin Matz On December 19, 2019, the U.S. Department of Treasury and the Internal Revenue Service (collectively, “the Treasury Department”) released long-awaited final regulations on qualified opportunity funds (“QOFs”) (the “final regulations”). The final regulations come on the heels of two tranches of proposed regulations, which generated more than 300 comment letters from organizations … Continue reading How the Final Regulations on Qualified Opportunity Funds Come Out on Trust and Estate Related Issues

IRS Releases two updated IRA publications and other online resources help taxpayers planning for retirement

The Internal Revenue Service has updated two comprehensive publications designed to help anyone making IRA contributions or receiving IRA distributions for tax year 2019 or considering making retirement donations before April 15, 2020. The 2019 editions of Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), are both now … Continue reading IRS Releases two updated IRA publications and other online resources help taxpayers planning for retirement

Libson + Parchomovsky: Reversing the Fortunes of Active Funds (Jan 2020)

Adi Libson & Gideon Parchomovsky have made available for download their research paper, Reversing the Fortunes of Active Funds. The Abstract is as follows: Recent years have witnessed a considerable growth of passive fund at the expense of active funds. This trend picked in 2019, a year that saw passive funds surpass active funds in … Continue reading Libson + Parchomovsky: Reversing the Fortunes of Active Funds (Jan 2020)

Rev. Rul. 2020-05: Adjustments to basis for life insurance contracts

The IRS has released an advance version of Rev. Rul. 2020-05 that updates guidance previously provided in Rev. Rul. 2009-13 and Rev. Rul. 2009-14 for adjustments to basis for life insurance contracts to account for the changes to section 1016(a), as amended by the Tax Cuts and Jobs Act. Click here to download Rev. Rule … Continue reading Rev. Rul. 2020-05: Adjustments to basis for life insurance contracts

Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.

Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.  Bridgewater has also posted three videos summarizing their report. The summary is as follows: Throughout history, there have been relatively long periods during which the markets and market relationships operate in a certain way — what we call “paradigms.” … Continue reading Ray Dalio + Bridgewater make their “2020 Strategic Report: An Economic and Markets Outlook,” available for download.

Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020): 10% Penalty Applies – Disability Exception for Certain IRA Distributions Don’t Apply to Owner’s Spouse is Disabled

The Tax Court, in a summary opinion in Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020), held that the disability exception to the 10% additional tax on certain IRA distributions did not apply when the IRA owner's spouse was disabled, not the owner himself. To see full opinion, click Merrell v. Commissioner, T.C. … Continue reading Merrell v. Commissioner, T.C. Summary Opinion 2020-5 (Jan. 16, 2020): 10% Penalty Applies – Disability Exception for Certain IRA Distributions Don’t Apply to Owner’s Spouse is Disabled