Ed Slott offers some tax strategies for you and your clients to consider in 2020.
The latest estimate is unchanged from last year's, but it does not reflect the impact of the COVID-19 pandemic on the trust funds
A special rule allows benefits for those who have exceeded the annual earnings limit in their first year of retirement
Ed Slott separates fact from fiction about how the CARES Act will affect clients’ retirement savings
Report says lower trading costs will encourage advisers to use exchange-traded funds for niche asset allocations
The tax deadline has been moved to July, but that doesn’t necessarily mean clients should wait, Ed Slott says
The payments present opportunities for scams, identity theft and low-tech crimes such as stealing checks from mailboxes
The additional postponements cover trusts, estates and corporations, as well as individuals
The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills
Workers can receive as much as $5,250 for debt repayment, tax free, from employers
Concerns about shrinking portfolios, lost jobs may accelerate claims
Senate Finance Committee spokesperson says that it's ‘too early to know what the legislation might encompass’
Meanwhile, the Social Security Administration is scaling back its hotline hours amid a flood of phone calls
The $2.2 trillion stimulus package makes retirement assets easier to access, but participants should proceed with caution
The $2.2 trillion bill will boost unemployment benefits and small-business loans, but some advisers said that might not be enough
People with retirement accounts have seen losses through no fault of their own and they need a helping hand
The likelihood that people will file for benefits sooner amid a downturn and the possible decline in payroll tax revenue could put pressure on the Social Security trust fund
Once things settled down after the 1987 crash, there was a lot of money set in motion
Advisers need to watch for administrative errors on the part of financial institutions, though
After the extension, the deadline for filing now matches the deadline for tax payments announced previously
