tax consequences

by Ryan W. Smith There will be a moment within the next few years where wealth transferences between generations will reach its zenith. Opportunities for financial advisors will almost never be better, with more clients …

The Millennial generation first heard themselves referred to as Generation Y when they were children only to have the name changed by the time they grew older. It turns out that many appear to resent …

There are many researchers, companies and industry groups looking at the collision course of the declining numbers of advisors and huge increase in the amount of potential business and asking that same question: Will there …

There will be a moment within the next few years where wealth transference between generations will reach its zenith. Opportunities for financial advisors will almost never be better, with more clients and available assets-under-management (AUM) …

by Ryan W. Smith Managing retirement account withdrawals is not as simple as setting up a monthly deposit into a checking account. Making sure funds last as long as possible, whether drawn to pay expenses …

Here are some of the best ways to minimize the tax burden when withdrawing money from a retirement account: 1) Take the Required Minimum Distribution after age 70.5 2) Pay Attention to Taxable Amounts on …

Prudent advisors will begin to look at tax ramifications early in their relationship with a client. For example, Capital Gain Harvesting while a client still has a lower tax rate. Because there is no wash-gain …

Tax concerns for retirement withdrawals are among the most important variables to ensuring that retirement accounts provide the necessary income needs, and hopefully, estate assets that a retiree wants to leave. Often it is unplanned …