Thoughts

How Cash Value Life Insurance Made Jim Harbaugh College Football’s Top-Paid Coach

Schechter Wealth

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October 4, 2017

By: Jordan Smith, JD, LLM In August 2016, the University of Michigan announced that it had amended its contract with head football coach Jim Harbaugh to include a creative deferred compensation alternative involving cash value life insurance. The arrangement made Harbaugh the highest paid college football coach in the country, according to Sports Illustrated and[…]

How Does a Charitable Remainder Trust Work?

Schechter Wealth

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August 12, 2016

A charitable remainder trust is a tax-exempt irrevocable trust that allows the client to transfer property to the trust and maintain an income stream. Because a charitable remainder trust is a tax-exempt entity, it can sell highly appreciated assets without realizing a current income tax liability. The CRT must make payouts at least annually. At[…]

Donald Trump’s Tax Return Controversy: Part Two

Schechter Wealth

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June 8, 2016

What You Need to Know About Trump’s Tax Return Disclosure Controversy: Part Two Bernie Kent, Chairman & Advisor for Schechter Investments and Forbes.com contributor, takes a closer look at the controversy regarding Donald Trump’s tax return in a two-part series written for Forbes. He discusses how a complex return like Trump’s can mean continuous audits[…]

Donald Trump’s Tax Return Controversy: Part One

Schechter Wealth

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What You Need to Know About Trump’s Tax Return Disclosure Controversy Bernie Kent, Chairman & Advisor for Schechter Investments and Forbes.com contributor, takes a closer look at the controversy regarding Donald Trump’s tax return in a two-part series written for Forbes. He discusses how a complex return like Trump’s can mean continuous audits by the[…]

Should You Make A Charitable Contribution From Your IRA?

Schechter Wealth

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February 9, 2016

BERNIE KENT CONTRIBUTES TO FORBES.COM Should You Make A Charitable Contribution From Your IRA? Bernie Kent, JD, CPA, PFS, Chairman of Schechter Investment Advisors Good news for taxpayers over the age of 70 1/2. Congress has voted to make permanent the exclusion from income of up to $100,000 per person, per year, for Individual Retirement[…]