Key Takeaways Traditional IRAs can create distinct tax problems that affect the original account owner, a surviving spouse, and beneficiaries who inherit the account. The SECURE Act changed inherited IRA rules, requiring many beneficiaries to empty inherited accounts within 10 years. For heirs in their peak earning years, those distributions may increase taxable income when their tax rates ...
When we launched the Valor AI Foundations Portfolio earlier this year, the thesis was straightforward: artificial intelligence is a generational technology shift, and the companies most likely to benefit over the long term aren't necessarily the ones building AI applications. They're the companies building the physical infrastructure that makes AI ...
Key Takeaways The six months following April 15 may offer more planning leverage than any other period of the year. One Big Beautiful Bill Act provisions are creating tax cliffs that do not show up in any single line item. They only become visible when you have the full tax ...
Key Takeaways Markets have recovered sharply from two major geopolitical shocks in 2026, but many of the underlying risks remain. Portfolios are now navigating those conditions from a higher starting point. The traditional relationship between stocks and bonds has changed. In a higher-rate, higher-inflation environment, bonds have at times declined ...
A Follow-Up to “My Reflections on the AI Revolution” What a Difference Three Months Makes In late January, I published an article titled “My Reflections on the AI Revolution—And What It Means for Your Wealth.” In it, I laid out a thesis: we’re entering a period of profound economic reorganization ...
The Challenge of Wealth Transfer For many ultra-high-net-worth families, the fear that inherited wealth will lead to entitlement, complacency, or a lack of ambition in future generations is very real. The phrase “shirtsleeves to shirtsleeves in three generations” is not just a saying—it reflects the historical reality that wealth, when ...
Key Takeaways Traditional IRAs create three tax problems: owner's RMDs at age 75, ‘the widow's penalty’ (when the surviving spouse loses joint filing status and faces higher tax brackets), and beneficiaries' forced 10-year liquidation during what could be peak earning years. The Secure Act eliminated the stretch IRA, forcing most ...
How AI Will Reshape Wealth Planning—And How We Can Help You Prepare A Morning Reflection Each morning, I've been spending time reflecting on the future. Not in some abstract, hand-wavy sense, but in a very practical one. As someone who has spent my career helping clients navigate complex financial decisions—tax ...
In Brief: The One Big Beautiful Bill Act (OBBB) made historically low tax rates permanent and created time-sensitive opportunities for business owners through 2028. The most valuable changes include a permanent 20% business income deduction, higher estate tax exemptions, immediate equipment write-offs, and an extra $6,000-$12,000 deduction for business owners ...
Year-End OBBB Tax Planning Checklist for Advisors Strategies to consider before year end: ✓ Calculate 0% capital gains capacity using enhanced standard deduction + senior deduction (if 65+) ✓ Review estate exemption strategy — $15M per person is permanent (no 2026 sunset) ✓ Maximize senior deduction window — temporary ...
There is a point in extraordinary wealth creation where the traditional rules stop applying. You no longer wake up wondering whether your family will be cared for, or whether you’ve built enough to last a lifetime. You’ve already crossed that threshold. Through decades of pressure, sacrifice, ambition, and relentless execution, ...
Over the past several days, markets have pulled back roughly 4% from the all-time highs reached in late October. At the same time, media headlines have amplified fears that the recent excitement around artificial intelligence (AI) is a “bubble” that’s bursting. Given this backdrop, we wanted to share clear perspective ...
© 2026 Prosperity Capital Advisors. All Rights Reserved.