Working with clients to clearly define their priorities is a fundamental first step toward structuring a portfolio strategy.
Nearly half of those who retired last year were younger than 62, while a quarter were between 62 and 64.
Some claim it helps produce jobs for Americans while others claim killing it wouldn't raise much revenue.
But the redesigned withholding form won't be available until next year.
Adviser advocates are grateful for attention to the matter, but say the provision needs to be clarified.
For a large portion of DC plan participants, a Roth plan might be better than a traditional plan. But few participants choose the Roth option.
Stretch IRA is no longer a retirement planning strategy when the SECURE Act was passed in 2019. There are still other options – find out what they are
Northeastern states argue cap will cause devastation, but recent tax filings show revenue increases in New York and New Jersey.
Advisers can turn these surprises into planning opportunities this year.
Migration rates in high tax states most affected by tax limits are below pre-recession levels.
'Portability' allows a surviving spouse to tack on the decedent's exemption to his or her own. Despite the higher threshold for paying estate taxes in the 2017 tax law, experts recommend filing for the benefit.
Instead of taxing a child's income as if it were the parents', a child's income is now taxed using the trust tax brackets.
Advisers need to pay particular attention to Roth conversions and qualified charitable distributions
At its second Innovation Symposium, the firm considered which issues will affect the future of financial advice.
Advisory clients are better informed about claiming strategies.
Higher taxes and debt forgiveness could work if they're done correctly.
Brokerage tax statements don't always reflect all of an investor's accounts or original costs.
Medicare premium hikes could wipe out the cost of living adjustment for some retirees — again!
The number of billionaires continues to grow — there were an estimated 747 in North America in 2017, up from 490 in 2010.
Surviving spouses have more claiming options than other types of Social Security beneficiaries, but timing is crucial.
