Whitney Drechsler, JD, LLM, CFP

Whitney Drechsler, JD, was previously an advanced planning consultant at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. She left the firm in November 2019.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Tips to Help Minimize Your Clients' Tax Exposure

Spotlight on Social Security Rule Changes

Trust Planning and IRAs: Helping Your Clients Safeguard Their Assets

Posted by Whitney Drechsler, JD, LLM, CFP

March 13, 2018 at 10:00 AM

The Supreme Court’s 2014 ruling in Clark v. Rameker (2014) had a rippling effect on the financial planning industry and the way advisors address IRA beneficiary designations. The ruling determined that inherited IRAs are not “retirement funds” under federal bankruptcy law, which means that, unlike with retirement accounts, these assets are accessible by potential creditors. This precedent-setting decision continues to have a meaningful effect on estate planning strategies for IRAs.

To guide you through this area of asset protection planning, I’ll discuss the impact this ruling has had on trust planning and IRAs, as well as how you can help your clients safeguard their assets and accomplish other estate planning objectives.

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Topics: Estate Planning

Finding Planning Opportunities in Clients' Tax Returns: A Checklist

Posted by Whitney Drechsler, JD, LLM, CFP

March 22, 2017 at 1:30 PM

At this time of the year, finding planning opportunities in clients' tax returns is a goal for many financial advisors. But it's also a chance to assess your clients' overall financial situation, plus add value to the client-advisor relationship.

This simple checklist below is designed to help you use the tax return as a road map for exploring future planning strategies. The goal? Learn about your clients' current situation—and how'd they'd like to see it evolve in the future.

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Topics: Financial Planning

Tips to Help Minimize Your Clients' Tax Exposure

Posted by Whitney Drechsler, JD, LLM, CFP

March 21, 2017 at 10:00 AM

It's that time of year when many of your clients want to discuss tax strategies. But as an advisor, finding ways to help minimize your clients' tax exposure doesn't happen just once a year. With that in mind, you can use the tips below to help reduce your clients' tax bill and—perhaps more importantimprove their overall financial outlook.

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Topics: Financial Planning

Spotlight on Social Security Rule Changes

Posted by Whitney Drechsler, JD, LLM, CFP

August 2, 2016 at 10:00 AM

The Bipartisan Budget Act of 2015 made significant changes to the way certain retirees can claim social security benefits. Specifically, new limitations were put in place to close existing loopholes. As a result, recent retirees will see the biggest impact, as many popular claiming strategies have been limited or eliminated altogether.

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Topics: Retirement Income Planning

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