Take a deep dive into the latest economic, tax and financial policies that could influence your wealth strategy. Find out what our experts will be factoring in when they consider your plan and get details on what to expect in the short- and long-term.
What You Need to Know About the SECURE 2.0 Act
Just when you thought you had an up-to-date retirement plan solidified, accounting for all the changes of the Setting Every Community Up for Retirement (SECURE) Act of 2019, Congress wrapped up 2022 with the SECURE 2.0 Act.
2024 Presidential Candidates’ Tax Proposals
With the November election approaching, voters are examining the two presidential candidates and their competing tax policy agendas.
Recent Supreme Court Ruling Impacts Estate and Tax Planning
We often report on the impact of recent US Supreme Court decisions, especially when they can have a major impact on the financial world. We believe that the court’s landmark ruling in June overturning the 40-year-old Chevron Doctrine could potentially shake the foundations of estate and tax planning.
Moore v. United States — High Court Limits Scope of Tax Case but Leaves Door Ajar for Wealth Tax
In a closely watched case, the Supreme Court on June 20 issued a divided decision in Moore v. United States, upholding the constitutionality of the Mandatory Repatriation Tax (MRT). The MRT is a provision of the 2017 Tax Cuts and Jobs Act (TCJA) that taxes U.S. shareholders on their pro rata share of the undistributed income earned by certain foreign corporations they control.
Connelly vs. United States: High Court’s Decision Complicates Succession Planning for Closely Held Businesses
On June 6, the US Supreme Court unanimously found in favor of the Internal Revenue Service (IRS) in a valuation case that will make succession planning for family and closely held businesses more challenging.
2024 Social Security Trustees Report: Combined Trust Fund Projected to Deplete One Year Later
The board of trustees of the Social Security trust funds projects that the combined fund will be able to provide full benefits until 2035, a year later than it predicted in 2023.
The Key Wealth Institute is comprised of financial professionals representing KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA).
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