How And Why Dynasty Financial Partners Chose To Move To St. Petersburg, Fla.

Shirl Penney is CEO of Dynasty Financial Partners, which provides middle- and back-office services, technology, practice-management coaching and capital to a network of independent wealth-management firms across the country. When my colleagues and I at Dynasty Financial Partners started scouting locations for our new headquarters a few years back, we were quickly reminded that there’s…

That Bump You Are Getting On Social Security Benefits Helps Making The System Insolvent

Florida, Sebring, Social Security Administration, federal government agency. (Photo by: Jeffrey … [+] Greenberg/Education Images/Universal Images Group via Getty Images) Education Images/Universal Images Group via Getty Images According to a recent report from the Social Security trustees, the trust fund that pays for retirees’ benefits (OASDI, or Old Age and Survivors Insurance fund) will become…

Couples Can Pass On $720,000 More Tax-Free

If you’re thinking about gifting, get busy now. getty The official estate and gift tax exemption climbs to $12.06 million per individual for 2022 deaths, up from $11.7 million in 2021, according to new Internal Revenue Service inflation-adjusted numbers. And the gift tax annual exclusion amount jumps to $16,000 for 2022, up from $15,000 where…