Advisors Faced Many Changes In 2001

Higgins, Barry
November 2001
National Underwriter / Life & Health Financial Services;11/26/2001, Vol. 105 Issue 48, p8
Focuses on the changes faced by investment advisors and clients in the United States in 2001. Estate tax reform and modified capital gains treatment under the Economic Growth and Tax Relief Reconciliation Act of 2001; Changes made to the minimum distribution rules for individual retirement accounts and qualified plans; Adoption of an Internal Revenue Service rule which provides interim guidance for split plans.


Related Articles

  • Keeping IRAs from the IRS. Slott, Ed // Financial Planning;May2002, Vol. 32 Issue 5, p57 

    Focuses on life insurance as a cost-effective strategy to protect retirement accounts from taxation in the U.S. Advice to financial planners on dealing with clients who resist life insurance; Description of how taxation consumes retirement accounts; Objections to life insurance as a way to...

  • The 75% Trap. DeFrancesco, Roccy // Financial Planning;Oct2004, Vol. 34 Issue 10, p119 

    Discusses ways to reduce the income and estate taxes on deferred money both for individual retirement accounts (IRA) and qualified plans. Theory behind income in respect to decedent; Case of a client that highlights the inheritance of IRA; Means to avoid a 75 percent tax trap on inherited IRA;...

  • Charitable Twist for IRAs. Shenkman, Martin M. // Financial Planning;Jan2014, Vol. 44 Issue 1, p40 

    The article discusses estate planning strategies which may be considered when managing individual retirement account (IRA) assets. It explains why investment advisors continue to focus on estate planning efforts particularly with regard to the baby boom generation. Topics also addressed include...

  • Reaching the Rich. Deremo, John // National Underwriter / Life & Health Financial Services;Sep2015, Vol. 119 Issue 9, p42 

    The article offers the author's insights on strategies for using life insurance that is aimed at opposing tax planning and estate transfer, along with a definition of affluent consumers. Topics discussed include exploring the individual retirement account (IRA) wealth transfer, considering...

  • ESTATES AND TRUSTS. Blatt, Myron S.; Lipoff, Lawrence M.; Schoenfeld, Susan R.; Landau, Jerome; Simon, Debra M.; Sonet, Richard H.; Brizard, Peter; Gordon, Ellen G.; Gold, Jeffrey S.; Salupsky, Harriet B. // CPA Journal;Sep2000, Vol. 70 Issue 9, p62 

    Discusses the strategy of naming children and grandchildren as the original primary beneficiaries of individual retirement accounts (IRA) in the United States. Advantages of passing down IRA to heirs; Distribution requirements of the IRA; Estate tax rule on IRA.

  • First Quarter Tax Planning: Overcoming the IRA Double Tax Dilemma. Levy, Victor S. // Pennsylvania CPA Journal;Spring2001, Vol. 72 Issue 1, p8 

    Examines the solution to overcome the estate tax problem of qualified plans and Individual Retirement Accounts in the United States. Funds qualified upon death of the recipient; Advantage of early withdrawals from double-taxed assets; Replacement of depleted assets with the life insurance death...

  • Leveraging The QPIP To Avoid The 70% Tax Trap. Hersch, Warren S. // National Underwriter / Life & Health Financial Services;4/25/2005, Vol. 109 Issue 16, p30 

    The article presents information on the qualified plan insurance partnership (QPIP). A QPIP lets clients use money in a qualified plan or IRA to buy life insurance in a tax-favorable manner, where the ultimate beneficiary is an irrevocable life insurance trust. The result is that policy death...

  • The 80 Percent Tax Trap. DeFrancesco, Roccy // Practical Accountant;Jan2004 Supplement, p24 

    For the better part of the last century, financial planners and insurance agents sold insurance to protect a family against the premature death of the bread-winner as of March 2, 2004. For good or bad, life insurance has also become the primary tool for providing liquidity to pay estate taxes....

  • Congress Is Back at Work. Edwards, Jill; Kerley Sr., Michael // Advisor Today;Sep2006, Vol. 101 Issue 9, p32 

    The article discusses concerns regarding the reformation or annulment of the estate tax and the life insurance sales to military personnel, which are of importance to the National Association of Insurance and Financial Advisors in the U.S. The association believes that the midterm elections in...


Read the Article

Other Topics