Regulation

Who in Congress worked in Life Insurance?; Are YOU ready for CHC?; SEC Variable Annuity and Life Disclosure Proposal; Attention on Budget Deficits

Topics: Congress, Regulation, SEC

March 22, 2019 From Producer to Member of Congress! Every one of the 540 members of Congress did something else before they were elected. Did you know the 116th Congress includes two former Mixed Martial Arts fighters? (Rep. Markwayne Mullin (R-OK) and Rep. Sharice Davids (D-KS)). Members of Congress are tasked with legislating on a…

PODCAST w/ Reed & Gottheimer; SEC Best Interest; EC Spotlight: McHenry; Retirement & Cybersecurity

Topics: Congress, Regulation, Retirement security, SEC Fiduciary

March 15, 2019 A Republican and a Democrat Walk Into a Recording Studio….Part Two “When people come to our offices or send us a note, it makes such a difference.” “Get engaged. Stay engaged.” The value of committed constituent advocates isn’t the only thing these two unusual Members of Congress agree on. Tune into the…

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...

Nevada Best Interest Reg; PODCAST; Inside the Problem Solvers Caucus; Congressional Vacancies; Liability Heads Up on Data

Topics: Advisor standard of conduct, Best interest, Congress, DOL, Fiduciary, NAIC, Regulation, SEC

March 08, 2019 AALU Submits Comments on the Nevada Standard of Care Proposal In January, the Nevada Securities Division (NSD) proposed a set of fiduciary rules, implementing a law enacted in 2017. The NV law that this regulation is based on expanded the types of financial professionals that are subject to Nevada’s existing fiduciary standard.…

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…

Best Interest & Clawback Comments; AALU Ambassadors Engage with New Members; Endorsed Candidate Spotlight

Topics: Best interest, Congress, Estate tax, NAIC, Regulation

February 22, 2019 In-District Spotlight – AALU Members Engage Lawmakers at Home When Members of Congress leave D.C. and head back to their home States, it’s sometimes referred to as “recess.” Lawmakers call this time in-district work periods. Most members use this time to traverse the sometimes-vast geography they represent to dedicate quality time with…

What You Need to Read

Topics: Estate planning, Estate tax, IRS, Regulation, Retirement security, Tax reform

January 31, 2019 Wealth Transfer The Heckerling Institute on Estate Planning: How the 2017 Tax Act Changed the Tax Consequences of Marriage and Divorce Thomas Tietz shares his detailed notes from Carlyn McCaffrey’s comprehensive presentation on the consequences of the TCJA for marriage and divorce at this year’s Heckerling conference. Read More Top Ten Estate…