Why the tax law may induce some people to put more money in 401(k)s
The cap on state and local tax deduction under the tax law may prompt more employees to direct their retirement savings to their 401(k)s than to build home equity.
Tax strategies
Do tax law changes affect IRA deductibility?
Although more taxpayers are expected to use the standard deduction, they can still claim the tax deduction for IRA contributions.
Can an annuity help sidestep Social Security taxes?
Although earnings in a deferred annuity will not be included in an investor's adjusted gross income, future withdrawals from the annuity could trigger a bigger tax bill.
Benefits Think Deferred compensation plans and FICA taxes: Match or disaster?
Companies often fail to implement the unique FICA tax rules applied to NQDC plans and this can create confusion.
Kathleen Dreyfus Bardunias
Foley & Lardner
3 approaches to setting a withdrawal rate
One approach to determine a retirement withdrawal rate is to set a fixed percentage of their portfolio every year, says an expert. But there are other strategies, as well.
With HSA changes, here’s how to find the best option for clients
Clients will be able to contribute more to these accounts in 2019 because of changes in tax law, but choosing a plan is still no easy decision.
For American workers, 4 key retirement issues to watch in 2019
The new year is expected to be a turning point that will help more workers secure their retirement.
Clients should ask employers for this powerful 401(k) upgrade
Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.
5 year-end strategies to cut tax bills now
The holidays are fast approaching, which means it is time to start doing some year-end tax planning.
Tax surprises clients may face in retirement
Retirees could end up paying taxes on the majority of their Social Security benefits when certain conditions are met.
IRA or 401(k)? Where should your employee’s money go first?
Workers should consider contributing enough to their 401(k) plans to get their employer's match before making contributions to an IRA.
What to do when a client loses their retirement savings
Working longer and delaying Social Security are some of the ways they can recover.
Don’t let your clients get spooked by retirement spending
Advise them to review and adjust their budget and consider getting a side hustle, a study suggests.
What should retirees do if the market goes against them: Opinion
Market valuations may not be a reliable tool to use to make investing decisions so it can be prudent for savers to assume low investment returns, says an expert.
Social Security truth or consequences
There are hundreds of rules and claiming strategies – the wrong one can have major repercussions.
This retiree trap can send your Social Security benefits to the IRS
Seniors will have to pay income taxes on a certain portion of their benefits if their taxable income plus 50% of the benefits exceed a certain threshold.
Less is more: Use a minimalist approach for 401(k) investing
Investors have an average of 25 funds to choose from in their 401(k) plans, but some financial advisors suggest that the best approach is to pick a small number of very broad funds.
The rich person Roth: For the most tax-free retirement income
High-net-worth clients can bump into income limits when it comes to making Roth IRA contributions, but they can find other tax-saving strategies to save for retirement.
Universal life insurance, a 1980s sensation, has backfired
Many older Americans are now facing hefty life insurance premiums due to dwindling interest rates. Many seniors are sitting on a "ticking time bomb."
The pros and cons of a reverse mortgage
These loans can be a good option in some cases, but they're not a cheap way to borrow money so senior citizens with good credit may have cheaper alternatives.
