Tax Reform Update

What We Know About The Tax Reform This year there has been a lot of anticipation as to what the new tax reform will be, although there has not been much accomplished on it.  Congressional Republicans in the Administration have yet to agree on basic tax reform parameters, including: Whether the legislation must be revenue-neutral… Read more »

Video: Compensation Planning in Today’s Talent Market

How do banks attract young employees and retain key executives? David Fritz Jr. and Patrick Marget of Executive Benefits Network explain that bank compensation plans should appeal to multiple generations and outline how Bank-Owned Life Insurance (BOLI) can offset compensation costs. Challenges in Attracting & Retaining Employees Focusing on Long-Term Incentives BOLI’s Role in Compensation… Read more »

Using Life Insurance to Supplement Retirement Income

Reasons for Life Insurance When it comes to putting aside funds for a Business Owner’s retirement, the options beyond qualified plans are limited.  Owners of pass through entities are taxed on the profits of their business regardless of what they do with the Company’s money.  To build a source of retirement income that grows tax-deferred and could… Read more »

Tax Reform and Life Insurance Planning

AALU Tax Reform Update The AALU recently released an update on the much-anticipated tax reform and how it impacts life insurance planning.  President Trump wanted to have the tax reform completed by August, however, it has now been pushed back to the end of 2017.  Health care reform continues to loom large as a hindrance… Read more »

Financial Planning on the (Possible) Eve of Tax Reform

Tax Reform Status President Trump’s tax reform proposal mirrors what he promised during his campaign.  With the prospect of major tax reform on the horizon, it is important to stay calm, be proactive, and plan ahead when it comes to your financial planning. Tax reform has received a lot of press recently.  But it is… Read more »

Top 2017 Compensation Questions To Ask

It’s no secret that the new administration has very different governance practices and priorities.  Congress and CEO Pay Ratio regulations are being examined and the SEC has opened the topics for discussion.  Change is here and boards will likely encounter unforeseen challenges during the transition.  This begs the question: How can boards prepare their organization… Read more »

Tax Reform Faces an Uphill Challenge

Many Americans are eager to enjoy the across the board tax rate cuts that President Trump promised so frequently during the election. There are numerous Republican law makers that have said their top priority is a large tax cut. House Speaker, Paul Ryan, and Ways and Means Committee Chairman, Kevin Brady, have prepared a detailed… Read more »

Retirement Security Concerns Rise Post-Election

I recently attended The American College of Financial Services Board meeting where there was much discussion on the need for retirement income planning in today’s society.  As President Donald Trump begins executing his agenda, investors are expressing a degree of apprehension and have concerns about what might lies ahead and how potential policy changes could impact… Read more »

Best Practices for Managing Life Insurance Trusts

Best Practices for Managing Life Insurance Trusts   Irrevocable life insurance trusts (“ILIT’s”) are facing fiduciary challenges in asset management and administration. Litigation directed toward trustees of ILIT’s for breaches of fiduciary duty is on the rise due to tax laws and technical complexities of corporate trustees and ILIT administration.   Breached fiduciary duties of ILIT… Read more »