SECURE 2.0 Act

How It Affects You and Your Retirement Account Beneficiaries Introduction  Under federal law, our retirement accounts are allowed to appreciate tax-free inside the account until funds are distributed out, due to provisions in the Internal Revenue Code. At a certain age, the account owner is required to begin taking minimum distributions from his or her […]

Name, Image, and Likeness (“NIL”) Collectives, the Jock Tax, and Student Athletes

On June 21, 2021, the U.S. Supreme Court in NCAA v. Alston unanimously upheld the 9th Circuit Court ruling that student athletes can be compensated for use of their name, image, and likeness, typically referred to as NIL.[1] Examples of NIL include autographs, personal appearances and promotions, and modeling of sports or non-sports apparel. Ten […]

Family Businesses and Succession Planning: What is Involved?

If you have a family business, even if you are ten or fifteen years away from retirement, it is time to begin planning your exit. If you plan to work in the business indefinitely, planning is nevertheless necessary, because you need to plan for what will happen to the business if you become incapacitated or […]

Advisors Take Note: SEC Proposes Sweeping Changes to Custody Rule

By Natalie Roberts On the horizon is a potentially cataclysmic shift in the rules for custody of investments managed by investment advisers. On February 15, 2023, the Securities and Exchange Commission (“the Commission”) issued  Release IA-6240 (the “Issuing Release”), announcing it proposes to amend Rule 206(4)-2 of the Investment Advisers Act of 1940 (“Advisers Act”), […]