Within this article, Andrea Solana, Partner and Head of Advanced Planning at MASECO, discussed the proposed US Estate Tax Changes following President Biden's "American Families Plan", delivered on Wednesday 28th April, a strategy to invest in families, children, and workers.
Rory Dorman, Partner and Senior Wealth Manager at MASECO, shines a proverbial spotlight on the Roth IRA and shares why he is such a fan of this particular tax-wrapper. In his article, Rory discusses the basic mechanics, numbers and less likely known key nuances of the Roth IRA. In his words, 'what's not to love'.
One of the first questions I ask prospective clients is whether they have a budget. Whether you have enough income to cover your expenditure several times over, or you are drawing down on assets to fund your liabilities, the importance of a budget is high.
Our initial conversations with prospective clients typically centre around two common themes – people want reassurance that their investment portfolio is tax-efficient given their complex tax reporting obligations, and they want their investments to generate returns so that their financial goals can be satisfied over the long-term.
As the world now slowly adjusts to the new realities of the world, financial or otherwise, it is worthwhile considering some of the regulations implemented in April as well as changes that could be expected in the near future.
Edward Howison, Senior Wealth Manager, features in The American Magazine discussing why we should be adapting our financial plans and preparing for the unexpected.