News Roundup for Week of Nov. 6

7th Nov 2017

Tax Reform: How the House Bill Changes Rules for Retirement Savings

While pre-tax 401(k) contribution limits are off the table for now, the proposed Republican tax bill makes other changes to retirement savings plans including in-service and hardship distributions and recharacterizations of Roth IRA conversions.

Via Investment News

Why PwC Predicts Many FAs Won’t Survive the Next 8 Years

Wealth managers will oversee $71.2 trillion in North America by 2025 — a sharp increase from the $46.9 trillion they managed in 2016, according to a recent report from PricewaterhouseCoopers (PwC). But not many firms will survive the coming changes in the industry, the report warns. Technology will be the big differentiator between firms that succeed and those that fail.

Via Financial Advisor IQ

Big Banks Need Single, Official Definition Of Fiduciary

Investors, advisors, and regulators have spent years arguing over who should be classified as a fiduciary, but few ask what that fiduciary status means. These differing definitions only add to the uncertainty surrounding the debate over the Fiduciary Rule — regulators need to put forward a unified definition of the fiduciary duty so that investors and advisors can have a fully informed debate on the matter.

Via Forbes

Close to Retirement? A Cash Balance Pension Plan Might Be Right for You

Dentists who are nearing retirement may not be aware of the retirement savings options available to them beyond 401(k)s and IRAs. Cash balance pension plans, a lesser known qualified savings plan option, are gaining in popularity and allows dentists to save more than the 401(k) and profit sharing maximum.

Via Dentistry IQ

On the Farm, Investors Get Their Hands Dirty

After the company Priceline went public, the cofounder retired and began investing in sustainable farming practices, a movement that offers a range of investment levels, from debt and equity ventures that require smaller contributions to farms and land that costs millions of dollars.

Via New York Times

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Here’s How To Be a Fierce Entrepreneur In a Time of Crisis via @forbes #entrepreneurship #successmindsethttps://t.co/x5XK4dCgh1

9:29 PM 29 May 2020

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CARES Act: Here's everything advisors should know via @finplan #CARESAct #retirementplanning #RMDs https://t.co/sjiBXp8rMV

8:27 PM 29 May 2020

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Advisors, do you know any physicians looking to catch up on retirement savings? Feel free to pass along our special… https://t.co/DbycCw5jA8

7:27 PM 29 May 2020

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Slideshow: Tax Changes and Key Amounts for the 2020 Tax Year via @kipllinger #taxplanning #taxlawhttps://t.co/Qnnj6ARevU

6:06 PM 29 May 2020

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One Simple Way Financial Advisors Can Build Stronger Relationships @iris_xyz #clientrelations #practicemanagementhttps://t.co/jQwluqmtlf

8:48 PM 28 May 2020

Dedicated DB@ DedicatedDB

When a Female Entrepreneur Pivoted Her Business, Her Opportunities Grew via @Forbes @Ventureneer #smallbusinesshttps://t.co/CXzxfVO9L1

6:39 PM 28 May 2020

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