Why I Need a Wyoming Trust!
By Mallon FitzPatrick, CFP® January 27, 2022 – Ever fear you might be missing out on a good opportunity to save on income taxes by transferring assets to a trust in another state? You’re not alone. I’ve counseled more than a few clients suffering from a case of “trust FOMO (Fear Of Missing Out).” Some […]
Multimillion Real Estate Portfolio Presents Income, Inheritance Dilemma
Advisors help a couple determine how to diversify plus leave assets to children and charity. By Mallon FitzPatrick and Alicia Denton, As published in Rethinking65 December 16, 2021 – There is perhaps no better illustration of the power of wealth planning than when we conceive new ways to help clients meet their life goals. At […]
Here’s why millions of affluent investors can relax about the tax bill
November 30, 2021 – Mallon FitzPatrick, CFP® recently spoke with Lynnley Browning at Financial Planning to share his thoughts on “why millions of affluent investors can relax about the tax bill.” He states, “compared to where we were and what we were planning for and setting expectations, we’re in a much better place.” Read the full piece here: https://bit.ly/3xGpHLi
Behavioral finance can help advisors guide clients to better decisions, experts say
November 15, 2021 – Mallon FitzPatrick, CFP® took part in a dynamic conversation around Behavioral Finance at the Financial Planning Invest Connect event. Mallon commented, “You can’t always change behavior. If you think that it will negatively impact their plan, what you can do is understand where those clients are coming from, help assess, work together to assess their […]
Time for Holiday Cheer And … Year-End Planning
By Mallon FitzPatrick November 8, 2021 – There is little you can do to quash unwanted tax proposals or quell turbulent market events, but you can take steps to ensure your wealth is fortified against these external forces, synched up to major life events, and primed for growth in the new year. It’s time again […]
Everything You Need to Know About Long Term Care (LTC) Coverage
Helping clients manage longevity risk is a much better strategy than tackling the ballooning costs of long-term care. By Mallon FitzPatrick, As published in Rethinking65 October 12, 2021 – Covering the costs of health and personal care needs in the final years of life is an inevitable financial burden for most people. Despite the ballooning […]
Smart Ways To Help Clients See What Comprehensive Planning Entails
By Morey Stettner, Investor’s Business Daily October 1, 2021 – Lauren Sigman was featured in an Investor’s Business Daily’s story on “Smart Ways To Help Clients See What Comprehensive Planning Entails.” Lauren shared her approach: “Instead of trying to educate newcomers about all the services she provides, Sigman invites them to ask questions about their immediate concerns. […]
Tax Moves Advisors Should Be Making Before Year’s End
By Jeff Stimpson, Financial Advisor Magazine September 27, 2021 – Mallon FitzPatrick shares his top tax moves high-income earners should be making before year’s end a recent Financial Advisor Magazine piece. Mallon “advises an outright gift to heirs or finding an irrevocable trust” as ways to reduce income for tax purposes. Read more here: https://bit.ly/3otMBD
How the Wealthy are Preparing for Higher Taxes
By Annie Nova, CNBC September 25, 2021 – Mallon FitzPatrick, Principal and Managing Director was featured in a piece for CNBC by Annie Nova discussing “how the wealthy are preparing for higher taxes.” Mallon shared several insights including gifting an income-producing asset like real estate to a family member who falls in a lower bracket or […]
Mallon FitzPatrick on TD Ameritrade
September 23, 2021 – Mallon FitzPatrick, CFP® rejoined TD Ameritrade Network ‘Market Overtime’ with Nicole Petallides to discuss who the most recent taxproposal is going to impact the most and which strategies should be considered before the enactment date or prior to 2022: https://bit.ly/3CJTC6Y
American Families Plan Tax Proposals Published September 13, 2021 – Actions to Consider
By Mallon FitzPatrick September 20, 2021 – On September 13, 2021, the House Ways and Means Committee released a draft legislation that proposes tax increases and tax cuts. It is important to keep in mind that this draft legislation is subject to change as the bill passes through committee markup and as it goes to […]
17 Defensive Steps For Avoiding Possible Biden Tax Increases
Investor’s Business Daily September 15, 2021 – Mallon FitzPatrick, CFP® was featured in an Investor’s Business Daily piece by Paul Katzeff “17 Defensive Steps For Avoiding Possible Biden Tax Increases”. Mallon shared “Maximize charitable giving next year. The deduction saves you more money in a higher-rate year.” Read the full piece here: https://lnkd.in/edq_mdqT