Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
February 01, 2008
Expansion of AMT Put OffA flurry of last-minute year-end legislative action by the first session of the 110th Congress included a bill that postpones by a year expansion of...
February 01, 2008
Bad News for Currency ETNsThe tax advantage of exchange-traded notes (ETNs) linked to currencies has evaporated and the status of notes linked to commodities and stocks remains in limbo. In...
January 31, 2008
5 tips to reduce taxes on IRA earnings and, conversely, avoid penalties1. Advisors should enable clients to maximize the nature of growing money tax-free with a Roth IRA, whether they are investing in traditional stocks and bonds or alternative assets like private stock, real estate, tax liens and others. 2. The
January 30, 2008
Cushioning the BlowSwiss banking and securities giant UBS took the unusual step of pre-announcing full-year and fourth-quarter results on January 30. The Zurich- and Basel-based company says it "will report a net loss attributable to shareholders of approximately [Swiss francs] CHF 4.4 billion for full-year 2007," or about $4 billion U.S. dollars,...
January 17, 2008
Merrill Lynch Reports $8.6 Billion LossMerrill Lynch suffered a loss of $8.6 billion "from continuing operations" for 2007, caused "by significant declines in Fixed Income, Currencies & Commodities (FICC) net revenues," for the last two quarters of the year, the firm said in a January 17 announcement.
January 06, 2008
Converting To A Roth IRA: When Is The Best Time?Are there circumstances when it makes sense to convert today from a traditional individual retirement account to a Roth IRA and not wait until 2010? ...
January 06, 2008
Converting To A Roth IRA: When Is The Best Time?Are there circumstances when it makes sense to convert today from a traditional individual retirement account to a Roth IRA and not wait until 2010? ...
January 04, 2008
Survey Finds Advisors Leery Of Democratic PresidentFinancial advisors tend to be more concerned about a Democrat being elected president than about any other issue this year, an investment management firm reports.Asked ...
January 03, 2008
Woodbury's Brian Murphy Takes FSI ChairWoodbury Financial Services Chairman Brian Murphy will chair the Financial Services Institute's (FSI) board of governors for 2008, according to a January 2 FSI announcement.
January 01, 2008
The art of the seminarPhillip J. Cannella III has the art of the seminar down to a science. Cannella, president and CEO of First Senior Financial Group in King of Prussia, Pa., has been working in the senior market for the past 33 years. In that time, he has gone