Life insurance products

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…

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…

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…

What You Need to Read

Topics: IRS, Life insurance products, Regulation, Tax reform

January 17, 2019 Wealth Transfer Modern Divorce Settlements Are About to Look A Lot Different Due to a provision in last year’s tax bill, the income tax ramifications of alimony payments will likely cause divorce settlements to look differently going forward. In response to the change, instead of requiring the wealthier spouse to pay alimony...


Topics: Annuities, Life insurance products

The Michigan Department of the Treasury recently issued Michigan Revenue Administrative Bulletin No. 2017-25 to provide guidance on the tax treatment of contributions to and distributions from a IRC §403(b) annuity plan.

President Trump Signs Resolution Eliminating Safe Harbor Exemption for “State Auto-IRAs” Run by Local Governments

Topics: IRAs, Life insurance products

So-called “state auto-IRAs” allow employees to contribute to an IRA program run by a state or local government with automatic payroll deductions that are made and submitted to the program by the employer. Recent Dept. of Labor (DOL) regulations provided safe harbor rules that could be followed to exempt state auto-IRAs from ERISA requirements.

State Auto-IRA Update- Congress Acts to Block DOL Rules Allowing State & Local Government Sponsored Retirement Programs

Topics: DOL, IRAs, Life insurance products, Regulation

Automatic IRAs allow employees to make contributions to an IRA run by a state or certain local subdivisions with automatic payroll deductions made and submitted to the state/locality by the employer (“State Auto-IRAs”). In 2016, the DOL issued regulations that provide State Auto-IRAs with a safe harbor exemption from ERISA requirements, while similar, private payroll…