Banking

Advisors who focus on getting all the assets of their crème de la crème prosper.

Family office advisor Rick Flynn rebrands his practice and teams with two other veterans.

Advisors can benefit only if they actually interact and then follow up.

Family office advisor Rick Flynn rebrands his practice and teams with two other veterans.

Some investments work best in a taxable account, while others fit well into an IRA or a 401(k).

How multi-generational tax savings are achieved when parents help children start Roth IRAs.

Many HNW clients are using these state-run plans to shelter assets from the inheritance tax.

IRS: There is a special rule for those who rent their residence for 14 days or less.

They can help reduce the tax drag of required minimum distributions.

If avoiding taxes just attracts the IRS, it defeats the purpose.

Clients with net worth skewed to one stock may need tax-efficient ways to diversify.

Selling assets that are over allocation may generate unwelcome tax.

Savvy moves in the fourth quarter can help clients owe less to the IRS next April.

After a death, identify and record the allowable partial steps-ups in cost basis of assets.

Munis are a great option for high-income taxpayers, but be mindful of the AMT.

Often under-used, HSAs can be a powerful tool for clients.

For starters, these may be subject to the 3.8% net investment income tax.

Here is a handy checklist for clients preparing to change their living situations.

Clients must digest that they will likely pay more for taxes in their lifetimes than anything else.

Clients can consider gifting up to $14,000 to as many individuals each year before gift taxes kick in.