Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

Archive for November, 2012

When Clients Get Lump-Sum Pension Offers, What to Advise?

Posted by William Byrnes on November 30, 2012


An increasing number of your clients are facing the novel possibility of choosing a lump sum payout from their pensions instead of the traditional annuity option.  See the full article at –http://www.lifehealthpro.com/2012/08/16/when-clients-get-lump-sum-pension-offers-what-to-a

Posted in Insurance, Pensions, Taxation, Wealth Management | Tagged: , , , | Leave a Comment »

Life Settlements — Are They Back?

Posted by William Byrnes on November 28, 2012


One question financial advisors are asking themselves today is whether life settlements have returned to the fold as a viable tool in their clients’ planning strategies.  Read the entire article at http://www.lifehealthpro.com/2012/09/05/life-settlements-are-they-back

Posted in Insurance, Retirement Planning, Taxation, Wealth Management | Tagged: , , | Leave a Comment »

Preparing Clients for the Reality of PPACA’s Investment Income Tax

Posted by William Byrnes on November 26, 2012


… the PPACA provisions proposing an additional 3.8 percent tax on investment income will shortly become effective … and your high-income clients will need advice on how to reposition their investments today to minimize its effect.  Read the full article at http://www.lifehealthpro.com/2012/07/19/preparing-clients-for-the-reality-of-ppacas-invest

Posted in Pensions, Retirement Planning, Taxation | Tagged: , , | Leave a Comment »

Room for compromise: eliminating the fiscal cliff with current tax rates

Posted by William Byrnes on November 23, 2012


… While most compromise legislation has focused on allowing some of these rates to rise while maintaining current rates for lower-income groups, Congress may beable to leave most tax rates in place if they focus on capping deductions and reducing spending for all taxpayers. Of course,

US Tax Rates (Taxes on riches/wealth)

US Tax Rates (Taxes on riches/wealth) (Photo credit: mSeattle)

Read the entire article at National Underwriters’ –> Life Health Pro <–

Posted in Estate Tax, Tax Policy, Taxation | Tagged: , , | Leave a Comment »

my newest book: 2013 Tax Facts on Insurance & Employee Benefits

Posted by William Byrnes on November 21, 2012


http://www.nationalunderwriter.com/2013-tax-facts-on-insurance-employee-benefits-269.html

Organized in a convenient Q&A format to speed you to the information you need, 2013 Tax Facts on Insurance & Employee Benefits delivers the latest guidance on:

  • Estate & Gift Tax Planning
  • Roth IRAs
  • HSAs
  • Capital Gains, Qualifying Dividends
  • Non-qualified Deferred Compensation Under IRC Section 409A
  • And much more!

Key updates for 2013:

  • Enhanced explanation of the Disclosure Regulations for Retirement Plan Service Providers
  • Expanded section on the taxation of annuities
  • More than 30 new Planning Points, written by practitioners for practitioners, in the following areas:
    • Life Insurance
    • Health Insurance
    • Federal Income Taxation
    • Estate Taxation

Plus, you’re kept up-to-date with online supplements for critical developments.

Posted in Estate Tax, Pensions, Retirement Planning, Taxation, Wealth Management | Tagged: , , , , , , , , | Leave a Comment »

The ticking estate tax time bomb

Posted by William Byrnes on November 21, 2012


For your clients who have been playing the wait-and-see game in estate planning this year, the time for waiting is over.   Absent congressional action, the current $5.12 million exemption will revert to $1 million in less than three months, and the current 35% maximum estate tax rate will jump to 55%.  The entire article is available at http://www.lifehealthpro.com/2012/10/17/the-ticking-estate-tax-time-bomb-less-than-90-days

 

Posted in Estate Tax, Pensions, Retirement Planning, Taxation, Trusts, Wealth Management | Tagged: , , , | Leave a Comment »

How New Deferred Annuities Provide Income Early in Retirement

Posted by William Byrnes on November 19, 2012


…insurance companies have begun building annuity products in a variety of shapes and sizes, and the latest crop of deferred income annuity products could pave the way for clients seeking to maximize retirement income security in the years leading up to retirement.  Read the full article on AdvisorOne – http://www.advisorone.com/2012/11/08/how-new-deferred-annuities-provide-income-early-in

Posted in Estate Tax, Pensions, Retirement Planning, Taxation, Wealth Management | Tagged: , , , , , , | Leave a Comment »

Retirement planning for the next 4 years

Posted by William Byrnes on November 15, 2012


Tax

Tax (Photo credit: 401(K) 2012)

With the election behind us, it is time for your clients to turn their attention to the looming tax reforms that should take shape over the next two months, and how these reforms can affect their retirement planning. Both arms of Congress will be working to reach a compromise on tax code provisions as basic as income tax rates before Jan. 1, after which the Bush-era tax cuts will expire, and rates could revert to pre-2001 levels.

Though President Obama spent little time discussing his views on tax-favored retirement accounts during his campaign, the plans he did set forth are indicative of the consequences for retirement savings. While this impact may not be immediately apparent to your clients, it is something that they need to consider as they plan for retirement this year and beyond.  See the full article on National Underwriters’ Life Health Pro http://www.lifehealthpro.com/2012/11/13/retirement-planning-for-the-next-4-years-under-pre

Posted in Estate Tax, Tax Policy, Taxation, Wealth Management | Tagged: , , , | Leave a Comment »

 
%d bloggers like this: