For taxpayers who are relying on their retirement plans on a month-to-month basis for living expenses, the expiration of the suspension won’t be an issue. For those who had extra cash on hand, however, it could provide something of a windfall this tax season.
Magnolia Trust Company didn’t set out to build a traditional trust company. The firm grew from a CPA practice’s need to serve clients without taking on trustee liability—and evolved into a service provider advisors are actively seeking out. With shared ownership, no asset management, and a focus on collaboration, Magnolia Trust offers a different model. CEO Todd McMullen explains how structure, culture, and patience shape his firm’s approach to advisor relationships.
Most advisors manage everything for their clients—except the account that may matter most. The 401(k), 403(b), or 457 sitting inside an employer plan is often a household’s largest asset, and nearly all of it goes professionally unmanaged. Alex Barned, National Sales Director at Absolute Capital Management, explains how the firm’s W.I.N. platform aims to close that gap, and why the advisors already in the space keep expanding their business there.