News & Insights

Well, actually that’s not quite how it works. I’m often surprised by how little some clients understand the rules around taking required minimum distributions, or RMDs, from retirement accounts.

Rapper Dee-1 sings (unflatteringly) about his experience with a student loan servicer in his song, “Sallie Mae Back.” When an issue reaches enough critical mass to be the sole subject of a rap song, that’s when you know you have to sit up and take notice.

One of the most common questions we receive from high net worth clients is how to protect and effectively transfer assets. While there are many different ways to accomplish these objectives, one specific strategy has recently garnered some interest for married couples.

In March the Internal Revenue Service announced that the 2020 tax year due date for individual’s federal income tax filing would be extended from April 15, 2021, to May 17, 2021. With the extension, you have an opportunity to avoid a few headaches resulting from a very difficult year and still have a few tax planning opportunities to reduce your 2020 taxes.