Don’t overlook the ‘kiddie tax’ when naming IRA beneficiaries
Clients who intend to name minor children as beneficiaries of their IRAs should take taxes into consideration before making a decision.
Tax
Don’t overlook the ‘kiddie tax’ when naming IRA beneficiaries
Clients who intend to name minor children as beneficiaries of their IRAs should take into consideration the "kiddie tax" before making a decision.
Will the ‘tax torpedo’ blow up workers’ retirement?
Retirees are often pushed into a different tax bracket with many paying more in retirement than they were while working.
Will the ‘tax torpedo’ blow up retirement?
Retirees are often pushed into a different tax bracket with many paying more in retirement than they were while working.
Guide to Medicare open enrollment for 2018
Retirees can change their Part D prescription-drug plans, Advantage plans, and/or switch from traditional Medicare to Medicare Advantage during open enrollment, which ends Dec. 7.
Help employees avoid these retirement myths
Workers should not assume that Medicare will cover all their medical expenses, or that they'll see a decrease in their expenses after they retire.
Help clients avoid these retirement myths
Clients should not assume that Medicare will cover all their medical expenses, or that they'll see a decrease in their expenses after they retire.
Advocates fear Trump tax plan may ‘Rothify’ 401(k) plans
Some consumer advocates worry that this will negatively affect small businesses and middle- and low-income Americans.
Senate Republicans push last-gasp Obamacare repeal amid hurdles
GOP is making one last desperate push to repeal the ACA but faces significant challenges to get it done before a final deadline at the end of the month.
Why workers should avoid tapping retirement plans after disasters
The IRS is relaxing some rules to make pulling money from retirement plans easier after hurricanes Irma and Harvey, but clients should remember the taxes and penalties associated with withdrawals are unchanged,
Why clients should avoid tapping retirement plans after disasters
The IRS is relaxing some rules to make pulling money from retirement plans easier after hurricanes Irma and Harvey, but clients should remember the taxes and penalties associated with withdrawals are unchanged,
Collect Social Security at 62 and spousal at full retirement age?
Each pre-retiree couple is in a unique circumstance, and needs to account for their health and longevity, as well as their willingness and ability to work.
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.
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.
Tax reform offers new opportunities – and risks – for employer-sponsored health plans
Elimination of the Cadillac tax and the employer mandate could be on the table, but so too could be the tax exclusion on employer-based health plans.
