Family loans offer tax-smart opportunity
Intra-family loans can help borrowers save on costs and lenders may have a tax advantage.
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Intra-family loans can help borrowers save on costs and lenders may have a tax advantage.
The Department of Labor is proposing a new rule for individual retirement accounts that could impact how advisors offer advice and charge fees for IRAs.
With more stringent mortgage lending rules, children may look to borrow money from parents to buy a house.
As college costs continue to rise, it’s more important than ever for families to understand the tax advantages of saving.
Doctors face challenges as the Affordable Care Act is implemented.
The IRS tax Form 1040 can be used to launch financial planning discussions.
Outliving savings is a concern for some investors. But longevity is not the only risk. Taxes pose a risk and here are some strategies to help.
Financial planning strategies affect multiple generations more often than families realize. College funding, retirement, and tax efficiency can involve children and future heirs. Here are some ideas for conversations that support intergenerational planning and may encourage the whole family to participate. College funding Parents and grandparents may already be helping to support higher education for
Despite projections of a significant transfer of wealth from baby boomers to heirs in the coming decades, many investors may not be talking about estate planning with their financial advisors. In fact, a 2014 study found that only 35% of investors said their advisors provide family wealth management defined as a specific service.* Financial professionals
The next great wave of wealth transfer in the United States has already begun. More than $30 trillion in assets held by the baby boomer generation will shift to the next generation over the next 30 years, according to research firm Cerulli Associates. For many financial advisors, this wave represents a business-building opportunity. For others,