Providing hefty bonuses to recruit financial advisers is like a sugar rush: sweet at first but it comes with a downside.
Minor and disabled children are eligible for benefits when a parent retires or dies, and those benefits extend until the child is 18 — or 19 if still in high school.
Doing a Roth conversion is one way to avoid a tax hit later, Slott said, and life insurance is another, often-overlooked tool.
Many Vanguard clients who invested in target-date funds face significantly higher tax bills this year because of a change the company made to its target-date funds in late 2020.
The state imposes an annual $400 levy, the so-called privilege tax, on members of certain professions who do business in the state.
The opportunity to use a valuable claiming strategy will soon disappear.
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
New (and confusing) IRS rules about required minimum distributions raise new questions for advisers.
An ex-wife must wait for her former husband to turn 62 to claim benefits on his record.
The court refused to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed in the 2017 tax law.
Digital tokens like Bitcoin and Ethereum are classified as property by the Internal Revenue Service and taxed like stocks and bonds.
Survivor benefits can continue for those who wait until they're 60 to wed.
Under Biden's plan, wealthy individuals would owe taxes on the unrealized gains of their assets, in addition to realized gains, a change that would upend long-standing tax principles.
Proposed legislation in Kentucky that would tax services including financial planning and investment management could significantly harm the way Kentuckians save and plan for retirement.
The proposal, which goes after households worth at least $100 million, enters unprecedented territory by trying to tax unrealized gains.
The tax, dubbed the Billionaire Minimum Income Tax by the White House, would hit both the income and unrealized gains of U.S. households worth more than $100 million.
The big surprise was the IRS' announcement that if an account holder dies after their required beginning date, required minimum distributions would be required for years one through nine.
More than half of investors expect inflation to increase this year, and 61% think the combination of low rates and rising price pressures will make it tougher to create a retirement income stream.
The shift from having taxes withheld to making estimated tax payments can be challenging for people entering retirement.
With most broad market indexes nestled into correction territory, financial advisers are steering clients toward Roth conversions in a tax management move.
