Donald Jay Korn
Donald Jay Korn is a contributing writer for Financial Planning in New York.
Donald Jay Korn is a contributing writer for Financial Planning in New York.
The one-two punch of major tax laws passed within four months of each other creates some interesting puzzles for advisors to solve.
Both have their allure, but astute advisors can sort out the best choice between low-cost and premium versions.
There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.
With astute maneuvering, advisors can add money to a clients’ college-fund kitty without jeopardizing financial aid.
Buyers and sellers both can benefit from a formula based on the future performance of the business, rather than a metric of current performance.
Early planning for potential tax hikes is key.
Annuities with guaranteed lifetime withdrawal benefits tout longevity protection, but naysayers warn of added complexity on an already confusing instrument.
The tax law has made deducting philanthropic contributions more difficult, but there are ways to help clients reap benefits from their generosity.
Those concerned about financial shortfalls in old age may want to consider selling their whole life policy. Here's how advisors can help.