IRS loosens 401(k) lending rules to help Hurricane Harvey victims
The Internal Revenue Service granted relief to those hit by the storm by making it easier for retirement plans to give loans and hardship distributions.
Tax strategies
IRS offers tax help for Hurricane Harvey victims
The agency will allow some Texas residents to file certain individual and business tax returns and make some tax payments as late as Jan. 31.
Twin terms that can trip up investors
These two accounts are both funded with money that has already been taxed, but there are still important differences that clients need to know.
How to mitigate the taxes that come with a Roth IRA conversion
IRA investors should consider implementing a charitable lead annuity trust when converting some of their funds into Roth to mitigate the tax bite.
When’s the right time to take RMDs?
The withdrawals can be taken early in the year, late in the year or in installments throughout the year. Each approach has advantages to consider.
When’s the right time to take RMDs?
The withdrawals can be taken early in the year, late in the year or in installments throughout the year. Each approach has advantages to consider.
Common tax surprises for surviving spouses
Surviving spouses will either receive their own Social Security benefit or the survivor's benefit, whichever is higher. But they also may get pushed to a higher tax bracket, which. in turn, could mean higher taxes on Social Security benefits.
How workers can offset taxes when converting to a Roth IRA
Retirement investors can use their loss carryforward to write off the taxes triggered by a Roth IRA conversion.
These funds can help boomers avoid 50% tax penalty
A new line of mutual funds can help retirees manage their RMDs – which many fail to take – and avoid the hefty penalty.
These funds can help boomers avoid 50% tax penalty
A new line of mutual funds can help retirees manage their RMDs – which many fail to take – and avoid the hefty penalty.
Any benefit to delaying retirement past age 70?
Delayed retirement credits only accrue to age 70, but there still may be tax issues to consider.
IRA options for the self-employed
Here’s how to decide whether your client should select the traditional or Roth IRA to put away for retirement and boost their savings.
Help retired workers cut their taxes
Medicare costs count as a deductible medical expense, but only if they exceed 7.5% of adjusted gross income.
1-in-4 workers have saved less than $1,000 for retirement
Almost 50% of the workers polled by EBRI claimed to have less than $25,000 in their retirement accounts.
Why did some 401(k)s earn 4% last year when the S&P was up 10%?
Despite a stock market rally, it is possible that American's 401(k) returns will remain low.
Last-minute IRA tips before filing taxes
Here’s one reason why clients should consider maxing out their contributions ahead of claiming deductions this year.
Last-minute IRA tips before filing taxes
Here’s one reason why clients should consider maxing out their contributions ahead of claiming deductions this year.
Number of DB plan closures could increase in 2017
Plan sponsors must watch out for tax law changes and rising interest rates, experts say.
Retirement planning for special needs families
Your late clients' surviving spouses or children are entitled to a $255 lump-sum death benefit, as long as they meet these requirements.
Retirement planning for special needs families
Your late clients' surviving spouses or children are entitled to a $255 lump-sum death benefit, as long as they meet these requirements.
