There are a variety of characteristics a successful client-advisor relationship should have. Chief among them is that the relationship must be consultative. In my practice that involves much more than simply working together with clients in an open and honest partnership to meet their goals.
On January 2 2013 President Obama signed the American Taxpayer Relief Act of 2012 also known as the Fiscal Cliff Bill into law. While tax rates grabbed all the headlines the bill also included some good news for charities – and for philanthropically inclined Individual Retirement Plan (IRA) owners.
It’s a new year and we’ve likely all made resolutions to improve ourselves.
The election. The fiscal cliff. The national debt. The federal deficit. Slow (to nonexistent) economic growth. Chronically high unemployment. Superstorm Sandy the east coast’s Katrina. Impending tax increases. The euro plague leapfrogging from Greece to Spain next perhaps to Italy and even France. The weak dollar. The Federal Reserve continuing to push on a string.
Amid intense political drama Congress passed the American Taxpayer Relief Act on New Year’s Day to avert massive tax increases for nearly all earners that were slated for January 1st. The best comment I’ve read thus far on the legislation comes from David Lifson an accountant at Crowe Horwath in New York.