Retirement bill set for House vote | Lawyers: Advisors can play critical role with latest IRS pension shift | Powell: Corporate debt a moderate risk to US economy
May 21, 2019
CONNECT WITH FSI  LinkedInFacebookTwitter
FSI NewsBrief
Daily summary of financial industry news
Top News
Retirement bill set for House vote
The House is expected to vote Thursday on the Setting Every Community Up for Retirement Enhancement Act of 2019. Among the bill's provisions is one that would simplify the process for small businesses setting up retirement plans and another that would increase the required minimum distribution age.
ThinkAdvisor (free registration) (5/20) 
LinkedIn Twitter Facebook Email
Policy Watch
Lawyers: Advisors can play critical role with latest IRS pension shift
The IRS has once again revised its stance on pension buyouts and no longer seeks to prohibit lump-sum payouts to retired participants, write attorneys Robert Bloink and William Byrnes. They note that advisors can play a critical role in helping people decide whether a lump-sum payment is best for them.
ThinkAdvisor (free registration) (5/17) 
LinkedIn Twitter Facebook Email
Powell: Corporate debt a moderate risk to US economy
The Federal Reserve is monitoring growth of corporate debt and likely consequences if business conditions deteriorate, but so far it presents a moderate risk to the US economy, Chairman Jerome Powell said. "At the same time, the level of debt certainly could stress borrowers if the economy weakens," he said.
CNBC (5/20) 
LinkedIn Twitter Facebook Email
Financial Products
Decline in cryptocurrency value offers tax opportunities
A decline in the value of cryptocurrency over the past year has created estate-tax planning opportunities for those with significant holdings, writes Eric Jansen of Finivi. He recommends using bypass or grantor retained annuity trusts to significantly reduce future income taxes for heirs.
WealthManagement (5/16) 
LinkedIn Twitter Facebook Email
SEC approves structure for nontransparent ETFs
The Securities and Exchange Commission has authorized Precidian Investments to offer a type of actively managed exchange-traded fund that isn't required to make public its portfolio every day. This clears the way for companies that want to offer similar nontransparent ETFs.
Pensions & Investments (free access for SmartBrief readers) (5/20) 
LinkedIn Twitter Facebook Email
Retirement Focus
Clients can double estate-tax exemptions with portability
Advisors often overlook portability in estate planning, a strategy that allows a surviving spouse to inherit a deceased spouse's estate-tax exemption, essentially doubling it. To be eligible for portability, clients must file tax form 706 within nine months of the death.
InvestmentNews (tiered subscription model) (5/20) 
LinkedIn Twitter Facebook Email
Don't make these retirement mistakes
Certain financial mistakes can lead to regret later in life. Here is a look at how to avoid missteps related to Social Security, retirement savings and other issues.
The Arizona Republic (Phoenix) (tiered subscription model) (5/19) 
LinkedIn Twitter Facebook Email
FSI Member News & Events
Bill Bachrach AdvisorRoadmap Virtual Training -- FSI member discount!
FSI has partnered with Bill Bachrach to bring our members a robust online virtual training platform packed with interactive training courses, videos, scripts, demonstrations and high-value resources to help you master the communication skills and repeatable processes that are crucial to acquiring and serving ideal clients. FSI members receive a $350 discount off the annual retail price offered to nonmembers. Learn more about this offer.
LinkedIn Twitter Facebook Email
Learn more about FSI:
Homepage | Advocacy Action Center | Renew | Join | CoveredAdvisor Affinity Benefits
If you're aware and you're high-energy, the ball will eventually bounce your way and you'll be able to make plays.
Jeremy Lin,
professional basketball player

May is Asian/Pacific American Heritage Month

LinkedIn Twitter Facebook Email
About FSI
FSI was formed in January 2004 as an advocacy and membership organization for independent broker-dealers and independent financial advisors. We provide insight, information, influence, and involvement--all in support of our mission to provide visibility, credibility, and an improved regulatory environment for the independent channel. Learn more at
Contact FSI
Financial Services Institute, Inc.
1201 Pennsylvania Ave. NW
Suite 700
Washington, DC 20004
Toll-free: 888 373-1840
Fax: 770 980-8481
Sign Up
SmartBrief offers 200+ newsletters
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Emily Norris
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information