Now that the new tax reform is in place, it’s time to consider the impact it may have on you and your family and determine what steps may be appropriate based on your specific financial goals and circumstances. While the key provisions contained in the new tax law presents nine planning opportunities—including the increased gift tax exemption, shifting income to a pass-through entity, and allocation of assets—they may also create additional tax burdens and other challenges.
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Creating an authentic life is a challenge in and of itself. Add family to the mix and this challenge becomes more complex and difficult. Whether you are the parent or the adult child in your family, you play a role in creating an environment of authenticity. Creating such an environment early is critical to achieving open and honest communication later in life. It is also crucial for families to raise uncomfortable matters and have tough conversations in order to prevent issues from becoming larger and causing more permanent damage.
Originating in English common law, trusts have been used for centuries to manage holdings of the wealthy. Even though trusts are quite common, many people may find them hard to understand. Having an introduction to the trust basics is a good place to begin and learn how trusts are used in wealth management plans to help provide financial support for family members, protect family assets from a myriad of risks, and help mitigate taxes.
In December, President Trump signed a new tax bill into law that is the largest tax overall since 1986. Learn how the new bill may affect your employee benefits programs. Watch and listen to Compliance Officers and Employee Benefits experts discuss the impact of the 2018 tax reform on employee benefits, as well as proposed regulations on Association Health Plans, the ACA Play or Pay Mandate, ACA reporting, and other compliance obligations.
Many entities face the same types of security incidents, and some handle an incident well while for others it’s a disruptive and costly one.
Over the past several years, the U.S., along with the rest of the world, has experienced an increase in the number of catastrophic hurricanes, earthquakes, wildfires, flooding, and other devastating natural disasters. Despite the increase, FEMA estimates that more than 60 percent of Americans do not have an emergency plan for their households. Being prepared and practicing what to do in a natural disaster or severe weather event can improve readiness.
Today, businesses are navigating a massive cultural shift.
Helping your children learn to become financially self-sufficient can be one of the most satisfying jobs of parenthood. By “forcing” your children to make choices about how to spend limited resources, you’re creating opportunities to help them find their interests and passions and discover what is truly important to their happiness. The more you can do to help your children become financially self-sufficient, the more confidence they and you will have in their ability to eventually take a leadership role in managing your family’s wealth and legacy.
In an infographic capturing the findings from a sampling of 354 cyber claims in the 2017 NetDiligence® Cyber Claims Study, it highlights the weak links, type of data targeted, and the damages associated with a breach. From those claims—where 343 involved the loss, exposure or misuse of sensitive personal data from a variety of industry sectors—humans were the weak link in the incidents.
For businesses to successfully navigate today’s cyber threats and effectively respond to data security events, understanding the costs associated with a data breach is critical.