Lackluster Republican support in the Senate threatens to sink the measure.
The program's chief actuary says the bill would improve the long-term solvency of Social Security.
'There are so many tax breaks out there that shouldn’t be there,' JPMorgan CEO says.
'If Trump wins the general [election], then it’s likely that the House and Senate go Republican as well, and the 2017 tax cuts get extended,' an advisor says.
As Social Security inches closer to insolvency, the tax breaks provided to 401(k)s, defined-benefit plans and IRAs could be revamped to fix the system, according to a recent paper.
Rushing to file early can lead to having to amend tax forms later on, advisors say.
A separate long-shot bill to eliminate the estate tax could help set the stage for tax reform in 2025, when individual rate cuts expire.
Firm announces new comprehensive addition to its wealth management platform.
Congressional negotiators are locked in talks over renewing expired business tax breaks and boosting the child tax credit.
Here are tactics to use this year given the opportunities for record stock values at the end of 2023.
The collaboration will enable greater tax optimization for Clearstead clients.
'As an advisor, the national debt is a very concerning issue, especially with younger clients that have a longer time horizon, because the bill is eventually going to come due,' an advisor says.
A Wells Fargo client who was born in 1939 had his birthdate incorrectly recorded as 2001, according to a lawsuit.
$100M California-based team switches to Avantax from Crown Capital Securities.
Legislative lull means it's easier to carry out multiyear planning, says advisor.
The big tax benefits come in the way gifts can be used in conjunction with retirement accounts.
President Biden's budget request may all come down to a Trump era legal dispute.
'The loophole they’re talking about isn’t only used by billionaires,' advisor warns.
New entity combines capabilities of $13 billion national RIA with those of an accounting services firm.
Raising children is fulfilling in its own right, but it can also lead to improved financial behaviors.
