Bruce Paulson serves as a Senior Client Advisor for MRA Associates. In this role, he provides investment and wealth management advice to clients, participates in investment decisions, and leads the firm’s growth efforts in the greater Midwest Region.
Bruce earned his Bachelor of Arts degree in Finance from Concordia College in Minnesota, graduating cum laude. Soon after, he went on to earn his Doctor of Jurisprudence degree from William Mitchell College of Law in St. Paul, Minnesota.
Prior to joining the MRA Associates team, Bruce worked at a variety of notable organizations including, Arthur Andersen, US Bank, US Trust, GenSpring Family Offices and most recently, Okabena Company. His responsibilities at these firms included providing tax, estate planning, and investment services; most often for families with multi-generational needs and concerns. His investment experience includes stock research and selection, value proposition change initiatives, after-tax investing (portfolio transitions), design and use of separate account equity index solutions, and design and integration work for specially taxed trusts or other asset locations.
Bruce has been published in a number of periodicals, which include: “The Economics of Charitable Remainder Trusts and Related Asset Management Issues,” Journal of Wealth Management, Winter 2000 edition; “Economics of Charitable Lead Trusts and Related Asset Management Issues,” Journal of Wealth Management, Fall 2001 edition; “Integration of Hedge Funds and Wealth Transfer Structures: Where Should They Be and Why?” Journal of Wealth Management, Fall 2003; “Lender of First Resort: Time to Refinance the Estate?” Journal of Wealth Management, Summer 2014; and “To Gift or Not to Gift?”, Trust and Estates, Summer 2019. He is a Certified Public Accountant and CERTIFIED FINANCIAL PLANNER™ professional.
Bruce’s personal interests include fly fishing, yoga, traveling, and a wide range of reading; predominately relating to history, classics, spirituality, and investing.
The Biden tax plan, as you know, is released and receiving much commentary pre-election. Understanding that planning is difficult until we know the election outcome and the law, our comments on the tax plan are below.
Do you wish to receive an income tax deduction for charitable gifts otherwise “capped” by percentage limitations of adjusted gross income (AGI)? Do you have assets that provide a high cash yield and income taxed at the highest federal and state rates?
While cash across Berkshire has swelled to over $122 billion, its first yen-denominated bond will soon add roughly $3.9 billion to the balance sheet. The bond maturities will range from five to 30 years and carry interest rates of .17% to 1.1%.