Clients may need to navigate shifting tax brackets, re-characterizations of Roth IRA conversions, reconsidering the value of charitable contributions, and restrictions on the mortgage interest deduction.
Proposed legislation is designed to give manufacturers the lower 25% tax rate, not professional service firms such as financial advisers, lawyers and accountants.
Senate Democrats propose boosting annual limit on contributions to $24,500.
If 401(k) pre-tax contributions are curtailed, several groups plan to launch nationwide campaigns against the effort.
A Treasury proposal seeks to amend rules for plan sponsors to help them assess the long-term viability of insurance companies.
He believes reducing the pre-tax contribution limit on traditional 401(k) plans and encouraging 'Rothification' would lead the middle class to save less for retirement.
Understanding options with residential deductions is a great way to add value for clients.
These underutilized strategies give financial advisers the edge with clients.
President Trump has promised the middle class will be the biggest beneficiaries of the tax overhaul plan, to be released Nov. 1.
Sweeping bill to be released in just five days.
Annual open enrollment season offers chance to defang drug expenses.
They may provide high-net-worth clients with tax-advantaged portfolio income, cash access, creditor protection under some state laws and a tax-free death benefit.
The 'Age 55 rule' is a little-known strategy that provides income without the IRS penalty.
Differences in how men and women view longevity can have big impacts on their finances during retirement
Harmonizing between federal agencies and state regulators is a complex task in everyone's best interest.
Despite the president's assurances that 401(k) plans would remain as they are, House Ways and Means Chairman Kevin Brady doesn't rule out changes to the retirement accounts.
Target-date funds are the most popular qualified default investment alternative.
These positions are valuable to advisers, who can take steps to mitigate or eliminate conflicts.
Fiduciary concerns under ERISA include cost compression, product development and regulatory pressures.
Clients with unwanted policies might be able to sell or exchange them for better policies.
