Advisor Newsletter Series

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Life insurance planning in the new environment.

By Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD

The 2017 Tax Act dramatically changed the income tax and estate planning environment, along with the entire mix of trust, ownership and use of life insurance, according to attorney Martin Shenkman, who describes how the new Tax Act has transformed insurance planning considerations for clients and advisors.

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The QBI deduction: Qualifying factors for the §199A reduced business tax rate.

The Tax Cuts and Jobs Act of 2017 added a new section to the tax code – §199A – which creates a deduction against certain qualified business income (QBI) from pass-through business entities. This article presents an overview of the basic rules for the deduction and provides additional options for business owners to consider in order to take advantage of this new tax rate.

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401(k) Rollovers: Consolidation factors to consider.

In the absence of planning, an individual's retirement savings can easily become scattered among a multitude of retirement accounts and be forgotten. Consolidating retirement accounts can help manage assets and track progress toward retirement goals. Before consolidating accounts, individuals should evaluate the issues touched on in this article to avoid potentially costly mistakes.

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