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Posts by Jeremy

Qualified Longevity Annuity Contracts (QLAC)- The Treasury’s Effort to Ease Managing the Risk of Outliving Retirement Funds

Actual IRS QLAC Final Regs A copy of the actual final regulations is linked above. This article is intended to provide accurate, detailed summary information about the QLAC regulations in the following areas: 1)      RMD changes resulting from the use of QLAC’s 2)      QLAC Definition and qualifications 3)      Planning implications Longer life expectancy, the shift from defined retirement plans with…

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Taxation- is for Fiscal/ Monetary and Social Policy. Not Revenue.

During the peak of the Financial Crisis in 2008 the Federal Reserve embarked on a program called Quantitative Easing. At the time it was called the “nuclear option.” Under this plan the Federal reserve purchases assets that are falling in price or have few if any bidders. This gives the sellers (generally banks) cash in exchange for an…

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2014 Minnesota Estate and Gift Tax Changes

Governor Dayton signed into law changes for Minnesota’s Gift and Estate Tax laws on Friday March 21st, 2014. Below is a link to the bill enacted (HF1777)( Pages 40 to 47 contain the estate and gift tax sections), summary of changes and a table showing it’s tax impact on various sized estates: http://http://wdoc.house.leg.state.mn.us/leg/LS88/HF1777.4.pdf 1) Annual…

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Why the Fed’s Monetary Expansion hasn’t caused excessive inflation

Expanding the monetary base can and has caused significant inflation historically.The truth is that credit long ago became a larger factor in inflation than did actual money in circulation. While the  monetary base has expanded, credit has contracted. So much so that the fed’s massive QE programs have effectively offset the loss of credit banks…

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2013 Minnesota Estate and Gift Tax Changes

Govenor Dayton signed bill MN HF0677.4 (click the higligted link to view the bill itself) into law May 23rd, 2013. There are numerous tax changes to state treatment of property tax, income tax and estate and gift Taxation. My  notes and highlights are below: State Income Tax Update 1) Changes- the bill increase the income tax rate from 7.85%…

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The Potential Impact of Rising Interest Rates on the Equity Risk Premium

This is a brief article on the impact of Monetary policy on treasury interest rates, which impact equity market valuations through the Equity risk premium.. The New York Federal Reserve released an article by Fernando Duarte and Carlo Rosa May 22, 2013 titled “Are Stocks Cheap a Review of the Evidence” supporting the notion that the low-interest rate environment, caused by the…

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Exemption-and-Marital-Deduction-White-Paper-2-of-3

  Exemption-and-Marital-Deduction-White-Paper-2-of-3-Jeremy-Green Part 2 State Exemption/ Marital Deduction Planning – Describes the four general designs used to capture state and/or federal exemption amounts, the use of disclaimers and state QTIP elections and the impact of exemption portability on planning going forward. Hope this helps… Jeremy P. Green CFP, CTFA, CLU, CEBS, MSFS, AEP, EA  Wealth Strategist &…

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State Estate, Inheritance and Gift Taxation Part 1

     State-Estate-Inheritance-and-Gift-Taxation-By-Jeremy-Green  Part 1 State Estate, Inheritance and Gift taxation – Provides an overview of the various state exemptions, tax rates, how state estate taxes are calculated and taxation of gifts in contemplation of death.   Hope this helps… Jeremy P. Green CFP, CTFA, CLU, CEBS, MSFS, AEP, EA  Wealth Strategist & Expert Witness Consultant Wealth Strategist…

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