With Biden Tax Proposals, Charitable Strategies Rise in Importance
Charitable giving might become the best way for wealthy investors to lower their taxes.
Sheryl Rowling
Sheryl Rowling, CPA, is head of rebalancing solutions for Morningstar and founder of Rowling & Associates, an investment advisory firm. She is a part-time columnist and consultant on advisor-focused products for Morningstar, and she continues to actively work in the advisory business. Morningstar acquired her Total Rebalance Expert software platform in 2015. The opinions expressed in her work are her own and do not necessarily reflect the views of Morningstar or of Rowling & Associates LLC.
Latest
For a Tax Season Unlike Any Other, Check These Items Before Your Clients File
The American Rescue Plan includes some significant changes that can affect 2020 tax returns and planning for future years.
Prepping Clients for COVID-19 Tax Season
Here's how to address upcoming taxes for a variety of client situations.
How ESG Benefited My Clients in 2020
These selected sustainable funds held their own during a choppy year for the markets.
What Does the New Stimulus Bill Mean for Advisors and Clients?
What to expect.
What May Be in Store for Taxes Under Biden
Vague tax proposals and a Senate runoff make tax planning difficult.
Year-End 2020 Tax-Planning Strategies
There likely will be tax changes next year under the new administration, but for now, we need to focus on what's already in front of us.
A Unique Solution for Concentrated Stock Positions
The ins and outs of exchange funds.
How To Help Your Client With Sudden Wealth
The side effects of suddenly coming into money.
The Morningstar Investment Conference Goes Digital!
Here's a rundown of the sessions that Sheryl Rowling is most excited about at this year's conference, which will take place on Sept. 16-17.
Keep Reminding Clients About the Importance of Being a Fiduciary
An advisor's job of educating clients about the benefits of working with a fiduciary is never done.
Do the CFP Board's New Standards of Conduct Go Far Enough?
The short answer is no. Here's why.
Striking the Balance: Using Rebalancing to Generate Cash Flow While Preserving Principal
How to find a proper balance in retirement.
Setting Fees That Serve Both Clients and the Advisor's Business During Market Turmoil
How best to bill advisory clients has been, and continues to be, a controversial topic–for good reason.
A New Role for Advisors: Helping Clients Find Financial Aid
Ways to guide your clients through this market.
Roth Conversions Can Be Even More Compelling in This Market
You may want to convert your IRA ASAP.
Practice Wise: Using the Turmoil to Your Clients' Advantage--Tax-Loss Harvesting
The market has created tax-saving opportunities for clients.
Practice Wise: Market Turmoil Is an Opportunity ... to Assess Your Own Practice
Advisors can use market stress as a time to revisit client risk capacity and client communications.
Practice Wise - A Moviegoers' Guide to ESG Investing
Why We Incorporated ESG Into Our Practice
We think clients are better off holding sustainable funds to guard against risks.
Revisiting Roth Conversions
Now may be the time to go all in.
Why the Schwab-TDA Deal Should Worry RIAs
Sheryl Rowling shares her view as a practicing RIA.
How to Help Clients Avoid Capital Gains Distributions
It takes effort, but you’ll be thanked.
Practice Wise: How Advisors Can Compete Against Robos on Tax Efficiency
Sheryl Rowling discusses the industry and robo-advisors.
Practice Wise: How I Almost Lost a Client to a Broker
Sheryl Rowling shares some lessons learned.
Practice Wise: Advisors - Client Data Privacy is Your Business
Telling your clients how you protect their data is not only important, it can help build trust and enhance your client relationships—and there's a good chance it will differentiate your firm from others who aren't raising this issue.
Why Diversity Is Good for Your Business (and the World)
Advisors are rewarded in many ways when they grow diverse teams.
Sheryl Rowling's Practice Wise: Should RIAs Offer Tax Services?
We look at the pros and cons of bringing tax services in-house.
Sheryl Rowling's Practice Wise: The Smart Way to Use Model Portfolios
Consider these points when building a set of model portfolios.
The Five Biggest Lessons I've Learned as an Advisor
Sheryl Rowling offers some practical tips on what's important in running a firm.
Avoiding The Capital Gains Distribution Trap
Advisors can prevent their clients from having to pay tax on phantom income, but there are two important caveats to keep in mind.
Making Sense of the Qualified Business Income Deduction
IRS issues regulations on this complex area of the new tax law.
Holding Bonds Under the New Tax Law
Investors should adopt a dynamic location optimization strategy.
The New Pass-Through Business Tax Break
Here’s what we know now.
Tackling the New Tax Law in 2018
Although much has changed, “tried and true” planning strategies can still be beneficial.
7 Ways Software Helps Clients Manage Taxes
Technology that saves you time and your clients money is here.
When to Use Charitable Remainder Trusts
Under the right circumstances, you’ll be doing right for the client and a good cause.
Fiduciary Rule Puts Greater Focus on Holistic Advice
For now, the rule is likely to be an underappreciated consumer protection.