Financial advisors say a bill recently introduced in Congress sounds good but would be difficult to administer.
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
This decades-old strategy no longer works. It’s time to reduce IRA balances, not increase them.
Its donors surpassed 1 million individual grants to charities for the first time in the organization’s history, Schwab said.
Internal Revenue Service says it is only just at the start of cracking down on those who try to hide their income or refuse to pay the taxes they owe.
With several major provisions of the Tax Cuts and Jobs Act due to sunset by the end of 2025, advisors should be talking to clients about their tax-deferred savings.
The deal will enhance the Chicago-based firm's tax advisory services for high-net-worth and business clients.
With the pool for Friday’s draw having grown to an estimated $560 million, advisors urge anyone experiencing a windfall to proceed cautiously.
Charities, shell companies and tax evasion schemes leave a Cleveland advisor in hot water.
The Senior Citizens League increased its estimate for the 2024 cost of living adjustment to 3%.
First rule: There must be at least a decade between 'I do' and 'I don’t.'
There are many ways for clients to make sound investment decisions with their tax refunds, but it's important to understand their entire financial picture before giving advice.
As wealthier clients approach retirement, advisors must focus on income strategies, Hearts & Wallets says.
House conservatives recently recommended raising the retirement age to receive full benefits to 69, a proposal that put the spotlight back on the thorny problem of the program's solvency.
As laws and IRS guidance evolve, it’s crucial for advisors to stay on the leading edge of how inherited IRAs are affected.
A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.
The Senior Citizens League estimates that the cost-of-living adjustment to Social Security benefits could drop to 2.7% for 2024, down from the 2023 COLA of 8.7%.
President Joe Biden's top economic adviser, Lael Brainard, signaled the White House is unwilling to entertain the GOP proposal, which would cut income and corporate taxes.
The policies of most interest to financial advisors, such as expiring estate tax breaks, could come up later in the year in negotiations over a bipartisan bill.
