Pulse

Curated by AALU, with input from the best and brightest in our membership, Pulse aims to save you time while keeping you on top of the most significant developments.


How To Replicate A Stretch IRA, Why Retirees Are Wary of Annuities, Five Biases That Drive Clients, And More

Topics: Advisor standard of conduct, Annuities, Business uses of Life Insurance, Defined contribution plans, ERISA, IRAs, Key man, Life insurance products, Qualified Plans, Regulation, Retirement security, SEC

SEC Issues Final Standard of Conduct Rule For Brokers And Advisors Yesterday the SEC released a final standard of conduct rule that establishes a best interest standard of care for broker dealers, clarifies the fiduciary duty for advisors, and creates a standardized disclosure form both brokers and advisors. AALU is currently analyzing the details of…

IRS Ruling on ILITs, Helping Aging Clients, Trustee Duties, IRS Expands EPCRS Program, and More

Topics: COLI/BOLI, Estate planning, NQDC, Tax reform, Trusts

May 23, 2019 WRMarketplace: The IRS Expands EPCRS Self-Correction Program To Cover Plan Loan Failures and Certain Other Operational and Plan Document Failures The IRS’s recently issued 2019 Employee Plans Compliance Resolution System (EPCRS) update makes common plan failures simpler and less costly to correct. Particularly for smaller plans that may have found the new…

Retirement Income Strategies, What Boomers Need, Future of Insurance Regulation, and More

Topics: COLI/BOLI, IRS, NQDC, Regulation, Retirement security

May 09, 2019 Assets Under Management The Flooring Approach: Creating a Baseline for Retirement Income The flooring approach to retirement income involves building a baseline income to ensure mandatory expenses are met annually, while still having upside potential in your retirement portfolio for non-essential expenses. In this Forbes piece, Jamie Hopkins discusses the fundamentals of…

Comparing Retirement Income Strategies, SCOTUS Case on State Taxation of Trusts, Section 1035 E

Topics: 401(k), Estate planning, IRS, Qualified Plans, Regulation, Retirement security, Trusts

April 25, 2019 Wealth Transfer U.S. Supreme Court Hears Case on States’ Ability to Tax Trust Income A case with significant implications for States’ ability to tax trust income was before the U.S. Supreme Court on April 16, when oral arguments were heard in the case of North Carolina Department of Revenue v. Kimberly Rice...

ABCs of Structured Annuities, Risks + Rewards of Roth IRAs Under TCJA, Avoiding RMD Tax-Time Surprise, and More

Topics: Annuities, Estate planning, Life insurance products, RMDs, Trusts

March 29, 2019 Assets Under Management The ABCs of Structured Annuities Structured annuities are a relatively new annuity construction that are similar to structured notes, but offer the potential for tax-deferred growth. In this Think Advisor piece, Scott Stolz explains how structured annuities compare to other annuities as well as the pros and cons of…

Exec Comp Traps to Avoid, IRS Change Could Expand Rollover Market, Recent Business Valuation Cases, and More

Topics: 162(m), IRS, Regulation, Split-dollar

March 14, 2019 Reminder: March 15th is the deadline for S-Corp and Partnership tax extensions. Business Insurance and Employee Benefits Top Five Executive Compensation Tips & Traps This Baker Donelson piece summarizes five common executive compensation issues that can snare employers and advisors – including both tips to avoid them altogether and solutions for getting...

Timing a Sale of a Business under 199A, Tips for Naming IRA Beneficiaries, SALT Workaround Analysis, Qualifying for QSBS Status, and More.

Topics: 199A, IRAs, Life insurance products, Regulation, Retirement security, Tax reform

February 28, 2019 Wealth Transfer How the Timing of the Sale of a Small Business Can Impact the Section 199A Deduction Lou Vlahos at Farrell Fritz explains how, all things being equal, changes in the TCJA mean that the point during the tax year that a passthrough business sells its qualified business may have a…

Recreating a DB Plan, Charitable Contribution Rules, FICA Taxes + NQDC Plans, and More

Topics: 199A, Charitable giving, Defined benefit plans, IRS, NQDC, Qualified Plans, Retirement security

February 14, 2019 Assets Under Management How to Recreate A Defined Benefit Plan in a Retirement Income Portfolio Defined benefit plans are a thing of the past, but Steve Parrish explains how an individual can build a defined benefit element into his or her retirement income portfolio, and establish a floor income during retirement that…