How workers can get the most out of 2018 financial resolutions
One strategy to enhance financial prospects is to get a part-time job via the gig economy.
Tax planning
Tips for avoiding costly RMD missteps
Missing required 401(k) minimum distributions are subject to a penalty equal to half the amount that should have been taken.
Trump asks Americans, ‘how’s your 401(k)?’ Here’s the answer
Although the current year has been good for participants, many workers are not investing in a retirement plan.
3 unexpected retirement costs that can shake up employees’ finances
While clients cannot determine their health care expenses and taxes in retirement, they can improve their prospects by minimizing investment fees and diversifying their portfolios.
Year-end charitable giving strategies for retirees
Those who leave the workforce can maximize the tax benefits by donating a portion of their IRA assets directly through a qualified charitable distribution
This GOP tax plan provision could be ‘catastrophic’ for seniors
The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.
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.
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.
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 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.
