Lynnley is a business journalist who previously worked for Bloomberg, The New York Times, Newsweek and The Boston Globe. She spent seven years in the 1990s in Russia, where she covered energy and commodities for Reuters in Moscow. A graduate of Princeton University, she is fluent in Russian. In a recent cover story, she examined how some
-
While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.
September 13 -
Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.
September 7 -
Will the giant tax incentive thrive as a tool to defer, minimize and eliminate capital gains tax?
August 31 -
A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients.
August 25 -
The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.
August 24 -
Advisors share a tax trick that allows professionals to build seven-figure retirement plans.
August 17 -
Most advisors don’t know about the tax benefit for qualified small business stock, which can put millions of dollars tax-free into an entrepreneur-client’s bank account.
August 9 -
Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS.
August 3 -
Securities-based lending is up sharply as wealthy investors leverage gains in their stock portfolios into low-interest loans for pricey purchases.
July 20 -
Trusts aren’t just for the .01%, as some advisors sell mass affluent and high-net-worth clients on their tax benefits.
July 13 -
Sales of RILAs and fixed-rate deferred annuities are booming for retirement portfolios, but advisors struggle to understand and explain them to wary clients.
July 6 -
It’s counterintuitive, but the cash benefit of delaying payouts can outweigh rate increases, thanks to compounding over time.
June 29 -
Fueled remote work and worries over tax hikes, financial advisors who live in expensive cities are trimming their personal tax bills by moving to low-tax and no-tax states.
June 15 -
Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.
June 8 -
"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth.
June 1 -
Plans sold through brokers cost nearly three times as much as those sold directly; time-stressed parents can find it's worth it.
May 25 -
President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.
May 19 -
Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.
May 18 -
Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate.
May 11 -
Heirs of IRAs and 401(k)s won't need to take annual distributions before cashing out within a decade of receiving the plans, the agency says.
May 4
