The president's proposal, which would also give the government new power to negotiate drug prices, would extend the solvency of the Medicare trust fund beyond 2050, the White House says.
Here’s why you need to read beyond the headlines and understand why this may be the most overhyped provision of SECURE 2.0.
The taxes people pay on their homes can pose a major burden, but it depends on which state they live in.
Advisors and clients will see a flurry of coveted tax breaks come and go in the next three years. Here’s how to keep track.
The political makeup doesn’t bode well for passing major tax legislation — and a bill that imposes a specific levy on billionaires would be substantial.
A study by the Employee Benefit Research Institute shows that relatively few account holders invest their funds in assets other than cash, although the number who do so is increasing.
Thirty-four percent of Americans surveyed fear their tax refund won’t make as big of an impact as a result of rising costs, while 33% worry the refund will be smaller than they expect.
The regulation is safe thanks to a pending veto of the resolution approved by the House and Senate, but the vote adds some political uncertainty for plan advisors.
The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure.
There were 562 buy-out contracts last year, 34% higher than the number of sold in 2021 and breaking the previous record set in 2019.
A change in cash flow meant it temporarily wasn't worth it to itemize donations of goods and money, a development that provided an unexpected bonus.
Michigan-based Innovia Wealth concentrates on entrepreneurs who are on the brink of striking it rich.
Su, who would become the first Asian American Cabinet secretary in Biden’s administration, would replace Marty Walsh.
Some business owners are able to accumulate more retirement savings in the vehicles than in a SEP IRA, and such funds can also become part of a Roth IRA rollover strategy.
Despite fairly aggressive spending plans, the majority of Americans are not feeling too confident about their retirement resources going forward.
The annuity sector trade association is advocating for legislation that would mandate retirement plans for small employers that don't have them, as well as bills that would increase the use of annuities.
What estate planners need to accomplish for their clients before Tax Day, as well as the regulatory changes they need to be aware of while preparing for the big day.
TIAA announced the hiring of Shamila Rajaratnam from the Vanguard Group and Jim Mullery from Prudential to round out its retirement solutions leadership team.
The launch follows the company’s offerings of similar plans in the UK and Europe; Transamerica will serve as record keeper for PEP.
The outlook isn’t much better for 2023 as investors continue to deal with persistent inflation and economic uncertainty.
