Tax

Displaying 2741 results
Inflation, Covid stoking retirement savings fears, says Nationwide survey
RETIREMENT RETIREMENT PLANNING JUL 21, 2022
Inflation, Covid stoking retirement savings fears, says Nationwide survey

Two-thirds of Americans worry more now than they did last year about their retirement income, and 70% are concerned that Social Security will run out of funding.

Two essential retirement guides for women
RETIREMENT RETIREMENT PLANNING JUL 19, 2022
Two essential retirement guides for women

Financial planning pioneers share their experiences and wisdom on the challenges of retirement.

Wealthy business owners are at center of fight over Biden’s tax plan
RETIREMENT RETIREMENT PLANNING JUL 13, 2022
Wealthy business owners are at center of fight over Biden’s tax plan

Senate Majority Leader Chuck Schumer’s tax plan is key to the Democrats’ economic package.

Social Security COLA could top 10% in 2023
RETIREMENT RETIREMENT PLANNING JUL 13, 2022
Social Security COLA could top 10% in 2023

Current inflationary trends point to the biggest benefit increase in 41 years, with June CPI showing a 9.1% jump over the last 12 months.

Social Security tax tips for the self-employed
RETIREMENT RETIREMENT PLANNING JUL 11, 2022
Social Security tax tips for the self-employed

Advisers often ask whether there's a way to minimize payroll taxes for small-business owners while maximizing future Social Security benefits.

Massachusetts orders Vanguard to repay investors $5.5 million for TDF taxes
RETIREMENT MUTUAL FUNDS JUL 06, 2022
Massachusetts orders Vanguard to repay investors $5.5 million for TDF taxes

Vanguard lowered the account minimum for an institutional target-date fund, causing a migration from the retail TDF, leaving those who held onto it in taxable accounts with a big capital gains bill.

Social Security program needs reform now
RETIREMENT RETIREMENT PLANNING JUN 30, 2022
Social Security program needs reform now

Congress continues to ignore the fact that Social Security's trust fund is expected to run out of money in 2035, which would result in a 20% cut in benefits.

What millennials should expect from Social Security
RETIREMENT RETIREMENT PLANNING JUN 22, 2022
What millennials should expect from Social Security

A projected 20% benefit cut in 2035 could significantly reduce lifetime income for younger workers, according to a new paper from HealthView Services.

Generating tax alpha takes much more than tax harvesting
RETIREMENT OPINION JUN 22, 2022
Generating tax alpha takes much more than tax harvesting

Other practices that help limit investors' taxes include asset location, rebalancing and maximizing retirement income.

Senate Finance Committee to take up massive retirement savings bill
RETIREMENT RETIREMENT PLANNING JUN 21, 2022
Senate Finance Committee to take up massive retirement savings bill

The measure would raise the required minimum distribution age, increase catch-up contributions for people between 60 and 63, and enable workers to withdraw emergency funds from plans, among its many provisions.

Beware of incorrect advice about claiming Social Security benefits
RETIREMENT RETIREMENT PLANNING JUN 16, 2022
Beware of incorrect advice about claiming Social Security benefits

Filing for benefits online can help individuals avoid faulty guidance from well-meaning Social Security Administration reps.

Senate GOP proposal offers investment tax relief to fight inflation
RETIREMENT REGULATION AND LEGISLATION JUN 15, 2022
Senate GOP proposal offers investment tax relief to fight inflation

The bill would more than double the 0% tax bracket for long-term capital gains and dividends, but its political prospects in the Democratic-controlled Congress are cloudy.

401(k) plans are failing middle-class Americans
RETIREMENT RETIREMENT PLANNING JUN 09, 2022
401(k) plans are failing middle-class Americans

A new study finds that tax incentives for saving for retirement primarily benefit high-income households.

Trouble with the IRS? Let an ERPA guide you
RETIREMENT RETIREMENT PLANNING JUN 08, 2022
Trouble with the IRS? Let an ERPA guide you

A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.

Stretch IRAs still exist for some beneficiaries
RETIREMENT RETIREMENT PLANNING JUN 07, 2022
Stretch IRAs still exist for some beneficiaries

Although the SECURE Act eliminated stretch IRAs for most beneficiaries, replacing them with the 10-year post-death payout rule, some beneficiaries can still use a stretch IRA.

Fending off taxes, fees and other state threats to adviser autonomy and growth
RETIREMENT OPINION JUN 07, 2022
Fending off taxes, fees and other state threats to adviser autonomy and growth

Fees, financial literacy and the freedom to work as an independent contractor are all under debate in state legislatures — and relevant to the growth of advisers' practices

Social Security report projects trust fund exhaustion in 2035
RETIREMENT RETIREMENT PLANNING JUN 02, 2022
Social Security report projects trust fund exhaustion in 2035

The latest annual report from the Social Security and Medicare Trustees moves the program's insolvency date back by one year.

Market correction puts Roth conversions on the front burner
RETIREMENT RIAS JUN 01, 2022
Market correction puts Roth conversions on the front burner

The tax implications of an IRA conversion are far from automatic and can be difficult to forecast this early in the year.

Choosing between survivor and divorced spouse's benefits
RETIREMENT RETIREMENT PLANNING MAY 25, 2022
Choosing between survivor and divorced spouse's benefits

Age, work status and benefit amounts dictate which Social Security benefit to claim first.

2023 Social Security COLA could be biggest in 40 years
RETIREMENT RETIREMENT PLANNING MAY 11, 2022
2023 Social Security COLA could be biggest in 40 years

The April report on consumer prices suggests inflation could result in an 8.6% cost-of-living adjustment to next year’s benefits.