6 Things to Know About the Bill to Repeal Tax on Social Security
WEBJan 30, 2024 · Under current law, single tax filers with combined income greater than $25,000 may have to pay income tax on up to 50% of their Social Security benefits. If combined income exceeds $34,000, up to ...
World's 25 Biggest Wealth Management Firms by AUM: 2021
WEBNov 16, 2021 · To identify this year’s largest firms, Aite-Novarica ranked them based on their client assets, which it noted generally refers to discretionary and advisory assets under management, as well as ...
Medicare Part D Changes Raise Questions for Working Clients
WEBAug 30, 2024 · The IRA aims to make prescription drug coverage more affordable for Medicare beneficiaries with key provisions such as a $35 copay cap on insulin and the establishment of a $2,000 maximum out-of ...
1035 Exchange: Know the Rules - ThinkAdvisor
WEBMar 31, 2022 · 1035 Exchange for Annuities. Without a 1035 exchange, the holder of a nonqualified annuity contract would owe ordinary income tax on any annual returns from the nonqualified annuity, plus a 10% ...
Gifting Stock to Family Members: What to Know | ThinkAdvisor
WEBJan 25, 2021 · Brett Koeppel, CFP and founder ofEudaimonia Wealth in Buffalo, New York, says: “Gifting appreciated stock to a family member instead of simply giving cash can be a win-win for both clients and ...
The 20 Biggest Asset Managers in the World by AUM - ThinkAdvisor
WEBJun 6, 2023 · The U.S. placed 14 institutions among the world’s top 20 largest asset management firms by assets under management (AUM), according to ADV Ratings ’ latest rankings. France and Germany each ...
Planning for the Estate and Gift Tax Exclusion: What to Know
WEBDec 7, 2022 · The federal lifetime gift and estate tax exclusion will increase from $12.06 million in 2022 to $12.92 million for 2023. There could also be increases for inflation for both 2024 and 2025. That ...
Why Stock Picking and Market Timing Are the Enemies of the …
WEBAug 28, 2024 · Financial advisors are acutely aware of the difference between investing and gambling. Yet most are gambling with their clients’ money. So argues Mark Matson, founder and CEO of Matson Money, in ...
Accredited Investor vs. Qualified Purchaser: What's the Difference ...
WEBJan 10, 2023 · The threshold to be considered a qualified purchaser is higher than that for an accredited investor. The $5 million investment threshold may exclude many accredited investors from reaching ...
11 Net Investment Income Tax Questions, Answered - ThinkAdvisor
WEBJun 29, 2021 · The investment income tax is a surtax of 3.8% in addition to the regular income tax that certain high-income taxpayers would otherwise owe on the income in question. The tax is imposed on the ...