Tax & estate planning: archive
Every Tax & estate planning story in Advisors, newest first. 189 stories
9 stories
Treasury and IRS replace retirement plan correction framework and create IRA correction program
Revenue Procedure 2026-34 is effective today; Revenue Procedure 2026-33 begins May 1, 2027.
Higher rates can cut closely held business valuations and open an estate-gift window
A lower supportable fair market value lets an owner move more ownership out of the estate while using less lifetime gift and estate tax exemption, though company facts still drive the appraisal.
Slott Report: HSA contributions fall to self-only limit when one spouse enrolls in Medicare
The same mailbag walks a 71-year-old through moving a Vanguard IRA to Fidelity and converting part of it, noting the RMD rule that applies later.
Allianz survey finds 34% of Americans expect Medicare to cover long-term care
The survey of 1,000 adults also found 23% believe Medicare is free; Fidelity projects $185,000 in retirement medical costs, excluding long-term care.
Taxable assets reach $66 trillion, nearly double retirement savings, H&W finds
The report counts 133.4 million U.S. households holding $102.4 trillion in investable assets, with the allocation decision most contested among households with $100,000 to under $3 million.
Wells Fargo study finds 61% of adult children report inheritance fallout
Parents report 29% fallout versus 61% of adult children, and only 21% have discussed estate plans in detail.
Musk's SpaceX share pledge can't enter an unclaimed Trump Account
Treasury opened the accounts Oct. 1, 2026, and until a parent claims one it can take only government and charity money plus the $1,000 pilot contribution.
NARSA survey: 73.5% of advisors say clients want early Social Security over cut fears
The August poll of 189 Registered Social Security Analysts also found nearly 59% say clients doubt Congress will fix the program's finances.
Healthspan Wealth opens early access to AI longevity planning tool
Founders Thomas C. West and Suzanne Schmitt started the company in 2025 and hold five patents on compliant information sharing.
12 stories
Tax-loss selling pushes record $5 billion into muni ETFs in week ended Oct. 14
Open-ended muni mutual funds lost $3.4 billion in the same week, their largest weekly outflow since June 2022.
Tax Foundation: bonus depreciation shifts corporate tax burden to economic profits
The Oct. 21 analysis says immediate expensing preserves a deduction's full value and removes the tax burden on the return needed to break even.
HSA invested balances reach $100 billion, 52% of assets, Devenir says
Accounts holding investments average $23,837, nearly nine times a funded deposit-only balance, per Devenir's midyear report released Oct. 13.
Treasury auto-opened Trump Accounts Oct. 1, 2026; parents must claim them
Until a parent claims, the account can accept only government and charity money plus the $1,000 pilot contribution for certain children born 2025 through 2028.
Tax Foundation says California billionaire tax pitch keeps shifting
An Oct. 16 op-ed focuses on advocate Gabriel Zucman's description of Proposition 40 as a one-time levy, without offering a new revenue figure.
WealthManagement.com column argues family capital decides whether wealth survives a transfer
The author argues values, relationships and traditions determine whether wealth holds, against Cerulli's estimate of more than $120 trillion passing down over the next 20 years.
Treasury and IRS put donor-advised fund guidance on 2026-2027 priority plan
WealthManagement.com reports the 6033 reference is new and may point to additional reporting for donor-advised fund sponsors.
WealthManagement.com guide lays out three paths and four questions for family business succession
The guide says many analyses value the coming shift of privately held U.S. businesses at $5 trillion or more.
IRS grants estate late opt-out from automatic GST allocation on GRATs
Private Letter Ruling 202633002, dated Aug. 14, 2026, allowed the elections after missed opt-outs surfaced at the taxpayer's death.
Ed Slott: same-property rule can void a 60-day IRA rollover
Returning a different asset of equal value instead of the exact cash or shares distributed makes the distribution taxable, Ed Slott writes in an IRAHelp column.
BofA study: 37% said incoming principal was very prepared when transition occurred
A quarter of the 355 U.S. family offices surveyed have had a leadership transition in the last decade.
US pension system graded C+ as sustainability score slips to 57.1
The 2026 Marsh CFA Institute index puts the US at 61.6 overall, behind six A-grade systems with near-universal coverage and funded structures.
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Stanford economists estimate California Prop 40 would raise $30 billion
The paper's authors say seven billionaires who left the state took $540 billion, or 30% of California's billionaire wealth, with them.
Devenir: 52% of HSA assets were invested by June 30
Accounts with invested assets hold 59% of all HSA assets and average $23,837 combined, nearly nine times the funded deposit-only average.
Nationwide survey: nearly three-quarters of Gen Z changed or considered changing portfolios
About 24% of Gen Z respondents said they moved money into more conservative or lower-risk investments before the election, versus 13% of boomers.
Tax Foundation says Florida Amendment 3 would cut the local property tax base
The analysis says the amendment would leave the cost of local public services in place while removing a significant portion of that base.
Betterment adds mega-backdoor Roth to its solo 401(k) platform
Advisers using Betterment Advisor Solutions get in-platform conversions, 1099-R reporting and automated tracking of contributions against annual limits.
Empower survey: 1 in 3 Americans may have lost track of an old 401(k)
Half of Gen Z and 45% of millennials say they may hold savings in a former employer's plan; 76% say step-by-step guidance would make them more likely to act.
Rockefeller family-dynamics head says trusts alone don't prepare heirs
Mallory Findley says parents should open with how the wealth was made and the values behind it, not the amount heirs stand to receive.
4 stories
Average Social Security COLA adds $75 a month in 2027; Fidelity suggests a planning review
A Fidelity viewpoints article published the day after the confirmation outlines three policy approaches to the program's long-term funding gap.
Edward Jones: 81% of financial caregivers for adults 65+ would sacrifice own financial security
Among the 84% of caregivers not fully reimbursed, out-of-pocket costs average $8,737 a year, the Harris Poll survey of 3,223 adults found.
SoFi survey: women 25-45 rank investing 11th among money priorities
Thirteen percent of women named investing as a money priority versus 28% of men, and 45% chose paying down debt as their leading goal.
Bernstein's Jennifer Goode says childless clients are underserved in estate planning
Research cited by InvestmentNews shows childless adults have higher median net worth and are less likely to have a will.
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Morningstar research puts retirement shortfall risk at 40%-45%
Excluding long-term-care costs lowers that figure by about 25%, according to a Morningstar article and podcast excerpt.
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Trust & Will announces Nevada-chartered trust company for sub-$10M clients
The digital estate-planning provider says it will offer no-minimum trust administration and target households below $10 million, a market its CEO says existing corporate trustees have left largely unserved.
IRS starts automatic refunds for more than 50,000 adoption tax credit carryforward filers
Notices generally go out within 30 days of the account adjustment, and the agency says no amended return is needed.
Advised investors ask AI more and verify less, Evergreen.ai study finds
Among advised respondents who used AI for money questions, 41.9% acted without checking against another source or a professional, nearly triple the 14.4% rate among unadvised users.
F&G survey: 51% of pre-retirees plan to semi-retire rather than stop working
Only 21% equate retirement with quitting work outright, and 51% expect to retire later than originally planned.
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Focus Partners Wealth’s Jeffrey Levine tells advisors to keep college savings in 529 plans
Distributions from Trump Accounts are generally taxable at 18, while 529 withdrawals for college are tax-free, Levine says.
F&G survey: 75% of pre-retirees weigh delaying retirement
WTW's survey the same day found the share of U.S. employees who felt financially secure fell to 36% from 46% in 2019.
Social Security retirement trust fund 2032 exhaustion date holds; funding gap widens to 4.42%
Without congressional action, exhaustion would cut retirement benefits about 22%, Morningstar reports.