A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.
Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.
Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.
The company intends to rebrand itself as Avantax, which is the name of its wealth management group.
Americans age 18 and older anticipate they'll need $1.25 million to retire comfortably, a 20% spike since 2021.
It’s a good idea to hold on to correspondence from the Social Security Administration to keep track of your benefits and understand any changes in the monthly amount.
Advisers surveyed preferred that Republicans control Congress when it convenes in 2023 by a margin of 60% to 25%.
Decades-high inflation prompted an unusually big tweak for 2023, and as a result, employees can expect to see less tax withheld from paychecks as soon as January.
In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.
The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.
Next year's cost-of-living adjustment will be the largest increase in retirement benefits and taxable wages in 42 years.
Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.
The deals push Savant's assets to $12.4 billion while moving it forward on its five-year growth plan.
Taxes can create a significant drag on the value of a portfolio, so here are the things you should be looking for in a client's tax documents.
Private foundations are using the funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not delay the gifts for generations.
Boomerang workers may have to rethink their plans for claiming Social Security.
The decreases reflect a partial rollback of the big increases in 2022 following a big cut in the cost of a new Alzheimer's drug.
It may be time for advisers to talk to clients about reducing spending and either continuing or returning to work.
The Republican party is favored to win the House in November's election. But even with control of that chamber, the legislative path for GOP bills is perilous.
