The Book Desk 11 stories this week · 107 total

The Sept. 30 rulemaking would also loosen interval-fund redemptions and cap performance fees, which would change how advisors size a private credit sleeve.

The 2026 Retirement in the Age of AI and GLP-1s Survey of 1,000 U.S. adults ages 18 to 65 also found Generation Z the most concerned that AI will threaten careers and savings.

Currency bets and equity-swap-and-futures combinations are among the structures the IRS named in Monday's notice, which bars no trade yet.

The Butler paper pairs a fixed, inflation-adjusted baseline with performance-based withdrawals, while advisors say taxes, RMDs and client behavior still shape the plan.

Kitces explains how a donor-advised fund lets clients pay the floor once instead of annually, and when the 2/37ths reduction applies.

A Tax Foundation panel calls the measure a first-in-a-nation state wealth tax and leaves valuation, constitutional challenge and whether California would ever collect unresolved.

Advisors have until October 15 to fund 2025 SEP IRAs for extended business returns, remove excess 2025 contributions, and recharacterize contributions clients have changed their minds about.

The new substantiation rates pay more for the room and nothing extra for the plate, reshuffling which per-diem clients actually come out ahead.

The July 2025 law made 199A permanent and widened the QSBS exclusion, putting a structure the owner picked years ago back on the agenda with the bill arriving at the sale.

Disability status, automatic for SSDI recipients, decides whether an inherited Roth pays out over ten years or a lifetime — which makes it conversion-planning input.

Founders who never put a number on the internal buyout do not avoid the sale; they hand the terms to whichever outside buyer drafts them first.

The bill names no eligible occupations and no reduction for filing at 60, leaving advisors to gather the paper and price the trade-off before the list exists.

Noticing decline is the easy half; a power of attorney the custodian will actually accept is what keeps a client's account out of guardianship.

A survey of 1,008 future inheritors finds the children already have advisers, which makes next-generation engagement a matter of adding households before the estate settles, not after.

Specific identification can shrink the ordinary-income piece of an appreciated employer-stock position, provided per-share purchase records survive.

State estate taxes start far below the federal exemption, and the domicile test that decides them rewards advisors who document intent while the client is still moving.

Promoters are selling credits with no basis in federal law, and the clients most likely to be shown the pitch are the ones whose tax bills are large enough to make it credible.

A U.S. Bank survey finds 63% to 74% of young wealth builders would fund retirement before a down payment, making the order of a client's first dollars an advisory decision rather than a default.

A California bill awaiting Governor Newsom's signature would treat certain out-of-state shell companies as state residents, putting collector-car title structures back on the planning table.

A new series on African American estate planning puts discovery before documents; the obstacle is how advisors are paid.

Families too rich for aid and too stretched to write the check need a funding order, not another savings pitch, and the advisor who pays tuition out of the retirement portfolio trades the client's income floor for a diploma.

Edelman's inaugural confidence report finds 84% of pre-retirees want an active role and 60% cannot say how their savings are invested, which argues for income floor and reserve planning ahead of any education effort.

The Tax Foundation's three corrections give advisors the arithmetic for a year-end purchase conversation, and a reason to stop calling the writeoff a permanent cut.

The advisor's real deliverable is a plan the family can run, with a written record that the tradeoffs were chosen rather than discovered.

A Slott Report mailbag answer ties the inherited-IRA divisor to the beneficiary's age and the Roth five-year rule to the owner's original contribution date.

Three dated checkpoints — an excess 2025 IRA contribution, a federal healthcare subsidy that needs a stress case, and a fraud deduction the House voted to restore — show why the fall calendar moves the spending plan more than an allocation call does.

The House's 408-17 vote restores a deduction fraud victims lost in 2018; the penalty waiver and one-year repayment window are the pieces advisors can plan around.

Unwind the 2025 IRA contribution by October 15, or the 6% penalty repeats annually for as long as the excess remains in the account.

Vanguard's decumulation survey shows where the income conversation should start: with the reserve fund clients already think they are running.

The smallest windfall is often the one that needs the most hours; practices that schedule by asset size spend their scarcest resource on the client who needs it least.

Tuition's inflation-adjusted climb is real but far flatter since 2010, and parents' retirement is the only side of the tradeoff with no way back.

Slott's negative list reorders the conversion conversation: three of the five disqualifiers are answered with a balance sheet, not a projection.

The raise is small against a claimed $500 billion in client assets supported; the real wager is whether advisors come to treat Luminary as the place those documents live.

The 2027 rolling deferral hands advisors a quarter to build the exit plan before the entry gets sold.

Marsh's 8.2% trend rate turns a missing budget line into a funded position with its own inflation rate and an annual review date.

Single-day filing states make mobile clients the real audience for the Mahomes tax story.