Tax planning

Latest Stories

Life Insurance Remains a Strong Source of Stability in an Uncertain Tax Environment

By Penn Mutual | May 30, 2017

Just as estate planning has changed in recent years, so has the use of life insurance in estate planning. Life insurance can effectively serve multiple purposes and objectives in an estate plan, and has more uses beyond simply providing a death benefit to pay estate taxes.

Sensible Strategies for Your Tax Refund

By Margaret Muldoon | April 11, 2017

I wrote a few years ago about five smart ways to use your tax refund: 1) maxing out an IRA, 2) boosting emergency savings, 3) paying down debt, 4) investing the funds, or 5) putting it into a business. I realize it’s not always so easy to take “found money” and devote it all to something so sensible.

So, go ahead, live a little. But here are a few strategies for doing so sensibly.

Effective Planning with Life Insurance – Avoid These Common Tax Traps

By Penn Mutual | July 12, 2016

Life insurance is a unique financial product that may provide needed liquidity during lifetime and upon death of the insured. The importance of life insurance is reflected in its favorable tax treatment. However, tax traps can frequently arise in structuring a policy and in common planning contexts.

Seven End-of-Year Tips for Reducing Your Income Tax

By Penn Mutual | November 3, 2015

The approaching end-of-year is an ideal time to explore opportunities to reduce your 2015 income taxes. Here are 7 things you can do between now and December 31.

Is the Estate Tax Dead?

By Lisa Powell | October 20, 2015

Is the estate tax dead? Only two out of every 1,000 estates will be subject to the federal estate tax in 2015. The question for planners is, how long will the federal exemption remain so high?

Five Smart Ways to Use Your Tax Refund

By Margaret Muldoon | April 7, 2015

First, let’s talk about what to do with this year’s refund, and then we can explore how to change things so that you get to keep your money this year.

The Two Secrets to a Successful Small Business Retirement

By Lynn Nolan | March 24, 2015

Like so much else in business, owners need a plan — a strategy — to prepare properly for retirement.

10 Tips to Ensure Your Beneficiary Designations Square with Your Estate Plan

By Penn Mutual | February 3, 2015

Estate planning uses many tools to transfer assets to beneficiaries and heirs. However, there is one area of estate planning that is often overlooked: the disposition of many assets following an individual’s death may be directed not by Will, trust, or other planning document – but by contractual beneficiary designation.

Has Your Estate Planning Caught Up with the Latest Tax Law Changes and Planning Opportunities?

By Penn Mutual | December 30, 2014

The American Taxpayer Relief Act of 2012 (ATRA), enacted January 2, 2013, made significant changes impacting federal wealth transfer taxes and income taxes – creating new planning challenges and opportunities.

Adviser Perspective: Why We Do Business with Penn Mutual

By Joshua Coleman | December 16, 2014

My family and I operate a consulting company that helps high net worth families and business owners with advanced financial planning.