PLRS 202114010-202114012 (Apr. 12, 2021): Trust Beneficiaries Treated as IRA Designated Beneficiaries

In three PLRs, PLRs 202114010-202114012 (Apr. 12, 2021), the IRS ruled that children who were beneficiaries of a trust were treated as designated beneficiaries of an IRA for purposes of determining the applicable distribution period under Code Sec. 401(a)(9). See PLR 202114010 by clicking here. See PLR 202114011 by clicking here. See PLR 202114012 by … Continue reading PLRS 202114010-202114012 (Apr. 12, 2021): Trust Beneficiaries Treated as IRA Designated Beneficiaries

Ray Dalio: Why in the world would you own dollar debt? (March 16, 2021)

Ray Dalio has published her article, Ray Dalio: Why in the world would yo own dollar debt? (March 16, 2021). The summary is as follows: Here are my thoughts about bonds, debt, money, currencies, and the new paradigm we are in. This piece conveys how the Big Cycle discussed in my study “The Changing World … Continue reading Ray Dalio: Why in the world would you own dollar debt? (March 16, 2021)

Forbes: Little-Known Rules And Strategies For Required Minimum Distributions From IRAs (February 26, 2021)

Forbes has published an article, "Little-Known Rules And Strategies For Required Minimum Distributions From IRAs," which discusses what kinds of distribution and withdrawal methods are available for you when it comes to the required minimum distributions from your IRAs. The article begins as follows: Required minimum distributions (RMDs) from IRAs and other qualified retirement plans … Continue reading Forbes: Little-Known Rules And Strategies For Required Minimum Distributions From IRAs (February 26, 2021)

Herbert I. Lazerow: Income Tax Planning for Visual Artists, Their Dealers, Investors, and Collectors (February 23, 2021)

Herbert I. Lazerow, of the University of San Diego Law School, has published a report in Tax Notes. His report, titled “Income Tax Planning for Visual Artists, Their Dealers, Investors, and Collectors,” begins as follows: The tax issues of visual artists, art dealers, art investors, and art collectors all revolve around the same type of property: … Continue reading Herbert I. Lazerow: Income Tax Planning for Visual Artists, Their Dealers, Investors, and Collectors (February 23, 2021)

PLR 202109002 and PLR 202109003 (Mar. 8, 2021): Investment Advisory Fees Not Treated as “Amount Received” for Code Sec. 72(e) Purposes for Annuity Contracts

In PLRs 202109002 and 202109003, the Service ruled that t certain annuity contract investment advisory fees are not treated as amounts received by the contract owner for Code Sec. 72(e) purposes. The taxpayers were insurance companies offering non-qualified deferred annuity contracts. The IRS stated observed that the fees, which were integral to the contracts, did … Continue reading PLR 202109002 and PLR 202109003 (Mar. 8, 2021): Investment Advisory Fees Not Treated as “Amount Received” for Code Sec. 72(e) Purposes for Annuity Contracts

Bridgewater: Our Thoughts on Bitcoin (Feb. 25, 2021)

Bridgewater has posted its thoughts on Bitcoin. The announcement begins as follows: With bond yields near zero and pressure on policy makers to diminish the value of fiat currencies, investors are increasingly looking for alternative storeholds of wealth. Bitcoin, the original cryptocurrency, has received a lot of attention as a potential candidate especially with its … Continue reading Bridgewater: Our Thoughts on Bitcoin (Feb. 25, 2021)

Ray Dalio: Are We In A Stock Market Bubble? (Feb. 22, 2021)

Ray Dalio, Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates, LP, has published his article, Are We In A Stock Market Bubble? (Feb. 22, 2021). The article begins as follows: I’ve seen a lot of bubbles in my time and I have studied even more in history, so I know what I mean by a … Continue reading Ray Dalio: Are We In A Stock Market Bubble? (Feb. 22, 2021)

Benjamin G. Lombard (Reinhart Boerner Van Deuren s.c.): SEC Overhauls Its Marketing Rules for Registered Investment Advisers (February 5, 2021 )

Benjamin G. Lombard, of Reinhart Boerner Van Deuren s.c., has published an article that discusses the implications of amended Rule 206(4)-1 under the Investment Advisers Act of 1940. His article, titled "SEC Overhauls Its Marketing Rules for Registered Investment Advisers," begins as follows: On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) adopted … Continue reading Benjamin G. Lombard (Reinhart Boerner Van Deuren s.c.): SEC Overhauls Its Marketing Rules for Registered Investment Advisers (February 5, 2021 )

Forbes: Decade-Long Limitations Period For IRS Can Be Utilized By Bankruptcy Trustee For All Creditors In Zagaroli (February 8, 2021)

Forbes has published an article, “Decade-Long Limitations Period For IRS Can Be Utilized By Bankruptcy Trustee For All Creditors In Zagaroli” which discusses Mitchell v. Zagaroli as it pertains to debtors with outstanding federal tax debt in bankruptcy. The summary of the article is as follows: At some point, you get enough opinions on an issue that you … Continue reading Forbes: Decade-Long Limitations Period For IRS Can Be Utilized By Bankruptcy Trustee For All Creditors In Zagaroli (February 8, 2021)

What Ray Dalio Really Thinks of Bitcoin (Jan. 29, 2021)

Ray Dalio has published his thoughts on Bitcoin and digital currency generally, with the caveat that he is not an Bitcoin/cryptocurrency expert. His article begins as follows: I am writing this to clarify what I think of Bitcoin. Please pay attention to what I am saying here and not what those in the media are saying … Continue reading What Ray Dalio Really Thinks of Bitcoin (Jan. 29, 2021)

Richard L. Kaplan: Estate Planning for Retirement Benefits after the SECURE Act (January 7, 2021)

Richard L. Kaplan, of University of Illinois College of Law, has made available for download his article, "Estate Planning for Retirement Benefits after the SECURE Act," published in University of Illinois College of Law Legal Studies Research Paper No. 21-03. The abstract is as followed: This brief essay examines one of the most significant intersections … Continue reading Richard L. Kaplan: Estate Planning for Retirement Benefits after the SECURE Act (January 7, 2021)

Sally P. Schreiber, J.D.: Inflation-adjusted income ranges for 2021 IRA and 401(k) plans (October 26, 2020)

Sally P. Schreiber’s column in the Journal of Accountancy focuses on the new change in income ranges for deductible contributions to IRAs. Her article, "Inflation-adjusted income ranges for 2021 IRA and 401(k) plans," begins as follows: The IRS on Monday announced that the income ranges to determine whether taxpayers are eligible to make deductible contributions … Continue reading Sally P. Schreiber, J.D.: Inflation-adjusted income ranges for 2021 IRA and 401(k) plans (October 26, 2020)

The Tax Adviser: Unclaimed Property Distributions Allowed As Self-Certified Rollovers

The Tax Adviser has published an article, "Unclaimed Property Distributions Allowed As Self-Certified Rollovers," which discusses how unclaimed property fund distributions can be a reason for taxpayers to self-certify. The article begins as follows: In response to requests from stakeholders, the IRS issued guidance adding state unclaimed property fund distributions to the list of reasons … Continue reading The Tax Adviser: Unclaimed Property Distributions Allowed As Self-Certified Rollovers

Aric Burch, Jessica Merkel, and Mark Munson (Ruder Ware LLSC): Social Security Administration Releases Key Figures for 2021 (October 20, 2020)

Aric Burch, Jessica Merkel, and Mark Munson, of Ruder Ware LLSC, havemade available for download their article, "Social Security Administration Releases Key Figures for 2021," published in JDSUPRA. The abstract is as follows: The Social Security Administration (“SSA”) recently released key figures for 2021 that will affect all elderly and disabled individuals who receive program … Continue reading Aric Burch, Jessica Merkel, and Mark Munson (Ruder Ware LLSC): Social Security Administration Releases Key Figures for 2021 (October 20, 2020)

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)