April 04, 2019 Why Every Business Owner Should Have an Exit Plan by Andrew Bishop, Daniel Brunello When many business owners hear the words “exit plan” or “succession plan,” they immediately think of retirement or that the end is approaching. Some owners view exit planning as “nice to have” while others quite frankly are just too busy managing their company to develop a plan with their advisors and put it in place. But having the right plan in place can reduce risk and ensure that those you care about are taken care of if the unexpected happens. Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
March 12, 2019 DC Plan Sponsors: What Fiduciaries Don’t Know Can Hurt Them by Jennifer DeLong Financial advisors got some relief when the Department of Labor’s fiduciary rule was vacated last year. But defined contribution (DC) plan sponsors don’t have the same luxury. Business Owners, Policy & Regulation Likes 0 SHARE Bookmarks
February 28, 2019 When it Comes to QSBS, Timing is Everything by Stephen S. Schilling, Andrea Ross, Pavan W. Auman Eligibility for the Qualified Small Business Stock exclusion requires a deep understanding of the rules. Yet one truism seems to apply: timing is everything. Business Owners, Tax Management, Wealth Planning Likes 0 SHARE Bookmarks
February 12, 2019 Are Your Heirs Prepared? by Heather George, Anne Bucciarelli Planning for transferring wealth to the next generation often focuses on maximizing the amount of wealth. But handling substantial financial assets can be a complex undertaking. Are your future family leaders equipped for the challenge? Business Owners, Family Engagement, Wealth Planning, Women & Wealth, Young Investors Likes 0 SHARE Bookmarks
February 08, 2019 Qualifying for the QSBS Exclusion by Stephen S. Schilling, Andrea Ross, Pavan W. Auman Qualified Small Business Stock has recently made a comeback—and the tax benefits can be substantial—provided you’re eligible. Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
February 04, 2019 Higher Taxes May Be Coming. Should You Change Your Plan? by Pavan W. Auman, Tara Thompson Popernik Does deferring income still make sense if marginal tax rates go up? Our take on the latest tax discussion. Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
November 23, 2018 Don’t Need Your IRA Required Minimum Distribution? Donate It. by Anne Bucciarelli With year-end approaching, clients often ask us whether they can use their individual retirement accounts (IRAs) to fund their philanthropic missions. Most can’t, but there’s an exception for people who must take required distributions: IRA owners who are at least 70½ years old. Business Owners, Philanthropy, Wealth Planning, Women & Wealth Likes 0 SHARE Bookmarks
October 15, 2018 What Einstein Can Teach Business Sellers About Giving by Daniel Brunello, Andrew Bishop Einstein famously said, “Energy cannot be created or destroyed, it can only be changed from one form to another.” For charitably inclined business sellers, Einstein’s theory takes on a whole new meaning—one that can help them save taxes on the proceeds from a sale. Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
September 26, 2018 An Opportunity to Do Good by Clare Golla, Stephen S. Schilling All over the country, there are distressed communities that need investment. But except for the occasional local charity, there really hasn’t been a straightforward way for individuals and nonprofits to invest in these neighborhoods in need, until now. Today, there’s Opportunity Zones. Business Owners, Endowments & Foundations, Philanthropy, Wealth Planning Likes 0 SHARE Bookmarks
September 06, 2018 Second Act for Qualified Small Business Stock? by Stephen S. Schilling, Andrea Ross, Pavan W. Auman This decades-old provision in the tax code was long forgotten. Yet, thanks to relatively recent tax code changes, it’s something nearly everyone in the start-up community should revisit. Here’s what you should know about Qualified Small Business Stock (“QSBS”). Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
July 05, 2018 Serial Entrepreneurs: Cashing in and Starting Over by Anne Bucciarelli, Ashley E. Velategui Serial entrepreneurs often struggle to solve very complex financial problems. When they get a rich offer for their businesses, they typically want to upgrade their life styles, save for their own and their children’s futures, give money to charity—and fund their next ventures. Here’s how one hypothetical couple, drawn from client experience, put together their plan. Business Owners, Wealth Planning Likes 0 SHARE Bookmarks
June 08, 2018 The Best Gifts Under the New Tax Law by Andrew Bishop, Jennifer Couturier-Ostberg The new tax law went into effect this year. That means that last year’s advice for charitable giving may no longer make sense. Structuring your gifts to be the most beneficial to both you and the charity starts today. Business Owners, Wealth Planning, Women & Wealth Likes 0 SHARE Bookmarks
February 28, 2018 With Target-Date Funds, History Does Repeat by Jennifer DeLong Target-date funds played a big part in helping defined contribution (DC) plan participants stay invested through February’s market turmoil. And history does repeat: in the severe 2008–09 financial crisis, these funds kept many participants positioned to take part in a lengthy bull market. Business Owners, Multi-Asset, Target-Date Solutions Likes 0 SHARE Bookmarks