Secrets of the Self-made

7th Sep 2016

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IRS Takes Aim at Common Family Biz Valuation Discounts

Many high net worth families use creatively structured family limited partnerships (FLPs) or family LLCs, including deliberately lapsed shareholder rights, to secure aggressive valuation discounts for tax purposes when transferring the assets via gifts or bequests to heirs. However, the Internal Revenue Service recently released long-awaited proposed changes designed to combat the practice. Advisors may have to help clients adjust.

Via Wealth Management

IRS Grants Sweeping Relief to Retirement Savers Who Miss Rollover Deadline

The Internal Revenue Service has launched a new “self-certification” procedure, making it dramatically easier and cheaper for taxpayers who miss the 60-day deadline for rolling over retirement account money to fix their errors.

 Via The Trust Advisor

7 Things Your Estate Planner Wants You to Know Before You

Very few people would call estate planning fun, however, planning your estate is a necessity. Before you start the process, here’s what estate planners wish you knew.

Via The Trust Advisor

How to Get Rich by Driving a $5,000 Car

What you drive has a very real effect on your ability to acquire wealth and reach financial independence and the freedom and joy that come with it, says the White Coat Investor. Here’s why.

Via White Coat Investor

Johnny Depp’s “Charitable” Divorce Settlement

Did actor Johnny Depp receive a tax benefit by making a direct $7 million payment to his former wife’s charities?

Via Wealth Management

Dedicated DB@ DedicatedDB

How long does it take to set up a Defined Benefit #retirement plan? Learn about this and more in our FAQs.

7:59 PM 27 January 2023

Dedicated DB@ DedicatedDB

Here's how to connect with people, not just their money.

6:01 PM 27 January 2023

Dedicated DB@ DedicatedDB

We've simplified the process. Here are the 4 key steps to get started with a defined benefit #retirement plan.

7:59 PM 26 January 2023

Dedicated DB@ DedicatedDB

Here are 6 questions your #financialadvisor should be asking.

4:59 PM 26 January 2023

Dedicated DB@ DedicatedDB

Check out our latest Client of the Week. It's about two California-based contractors who have pushed the boundaries…

11:01 PM 25 January 2023

Dedicated DB@ DedicatedDB

Head’s Up Insight: Here’s Where SECURE 2.0 Falls Short

10:50 PM 25 January 2023

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