Tax

Displaying 2741 results
Don't give up on charitable giving just yet
RETIREMENT MUTUAL FUNDS DEC 05, 2022
Don't give up on charitable giving just yet

A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.

Lame-duck Congress eyes $100 billion tax-cut package
RETIREMENT REGULATION AND LEGISLATION NOV 16, 2022
Lame-duck Congress eyes $100 billion tax-cut package

Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.

3 guaranteed-income strategies for an uncertain economy
RETIREMENT RETIREMENT PLANNING NOV 07, 2022
3 guaranteed-income strategies for an uncertain economy

Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.

No need to claim Social Security to cash in on COLA
RETIREMENT RETIREMENT PLANNING NOV 03, 2022
No need to claim Social Security to cash in on COLA

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.

Blucora dumps tax software unit to focus on wealth management
RETIREMENT TAX NOV 01, 2022
Blucora dumps tax software unit to focus on wealth management

The company intends to rebrand itself as Avantax, which is the name of its wealth management group.

Americans expect to work longer, save more for retirement, survey shows
RETIREMENT RETIREMENT PLANNING OCT 27, 2022
Americans expect to work longer, save more for retirement, survey shows

Americans age 18 and older anticipate they'll need $1.25 million to retire comfortably, a 20% spike since 2021.

Deciphering a cryptic letter from Social Security
RETIREMENT RETIREMENT PLANNING OCT 26, 2022
Deciphering a cryptic letter from Social Security

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.

Midterm elections a matter of personal politics for financial advisers
RETIREMENT RIAS OCT 24, 2022
Midterm elections a matter of personal politics for financial advisers

Advisers surveyed preferred that Republicans control Congress when it convenes in 2023 by a margin of 60% to 25%.

Inflation adjustment boosts IRS standard deduction, lifting take-home pay
RETIREMENT RETIREMENT PLANNING OCT 21, 2022
Inflation adjustment boosts IRS standard deduction, lifting take-home pay

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.

IRS gives more clarity on how to report digital assets
RETIREMENT ALTERNATIVES OCT 19, 2022
IRS gives more clarity on how to report digital assets

In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.

Benefits may run out faster due to Social Security COLA increase
RETIREMENT RETIREMENT PLANNING OCT 18, 2022
Benefits may run out faster due to Social Security COLA increase

The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.

Social Security announces 8.7% COLA for 2023
RETIREMENT RETIREMENT PLANNING OCT 13, 2022
Social Security announces 8.7% COLA for 2023

Next year's cost-of-living adjustment will be the largest increase in retirement benefits and taxable wages in 42 years.

Year-end tax planning for retirees
RETIREMENT RETIREMENT PLANNING OCT 11, 2022
Year-end tax planning for retirees

Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.

Savant Wealth Management acquires two Iowa-based financial firms
RETIREMENT RIAS OCT 04, 2022
Savant Wealth Management acquires two Iowa-based financial firms

The deals push Savant's assets to $12.4 billion while moving it forward on its five-year growth plan.

Figuring out the tax impact on clients' portfolios
RETIREMENT OPINION OCT 04, 2022
Figuring out the tax impact on clients' portfolios

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.

Wealthy shift billions to donor-advised funds to gain tax breaks
RETIREMENT TAX OCT 04, 2022
Wealthy shift billions to donor-advised funds to gain tax breaks

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.

From the Great Resignation to unretirement
RETIREMENT RETIREMENT PLANNING SEP 28, 2022
From the Great Resignation to unretirement

Boomerang workers may have to rethink their plans for claiming Social Security.

Medicare Part B premium, IRMAA surcharges to decline in 2023
RETIREMENT RETIREMENT PLANNING SEP 27, 2022
Medicare Part B premium, IRMAA surcharges to decline in 2023

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.

A time for difficult conversations
RETIREMENT RETIREMENT PLANNING SEP 26, 2022
A time for difficult conversations

It may be time for advisers to talk to clients about reducing spending and either continuing or returning to work.

GOP agenda includes pressuring SEC, advancing tax legislation
RETIREMENT REGULATION AND LEGISLATION SEP 23, 2022
GOP agenda includes pressuring SEC, advancing tax legislation

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.