The SECURE 2.0 legislation, tax rates and other changes can pave the way for conversations with clients about strategies around required minimum distributions, Ed Slott says.
Lawmakers talk about reducing the federal budget, but entitlements are off the table. 'It's not mathematically honest,' Jeff Bush said.
Now's a good time to take the tax hit on transfers out of an individual retirement account because rates are low.
Here are three tax insights you can pass on to your clients when you've exhausted all the customary ones.
Cash donations represented 40% of allocations to donor-advised funds at Vanguard Charitable in the seven months ended in January, up from 29% in the same period a year earlier.
The Allianz Life survey also showed fewer Americans than last year are worried about a major recession hitting the economy any time soon.
As this year’s tax deadline approaches, take a look at the states that impose the smallest tax burden on residents, according to a WalletHub ranking that takes into account property, income and sales taxes.
As this year’s tax deadline approaches, WalletHub ranks the states in terms of the property, income and sales taxes they impose on residents.
The problem arose from the passage of the SECURE 2.0 Act late last year, which didn’t give financial institutions time to update their systems.
Some members of an ad hoc group of lawmakers who are trying to fashion a deal say prospects have been diminished by President Joe Biden's accusations that Republicans want to cut benefits.
That's one year earlier than the trustees' report estimated last year; the report projects that 80% of benefits would be payable at that time.
The strategy is meant to help advisors more precisely tailor a portfolio to a client's unique circumstances.
The $197 billion RIA is heading to Texas after Washington state refused to dial back a 7% tax on capital gains.
Its decision follows a ruling Friday by the Washington State Supreme Court allowing the state to impose a capital gains tax.
Even though the S&P 500 fell 19% last year, fund managers’ sales of securities to adjust their positions can result in capital gains.
Sen. Elizabeth Warren, D-Mass., and three colleagues urge Treasury Secretary Janet Yellen to curb the use of grantor retained annuity trusts in the name of tax fairness.
The new service combines tax data and cost-basis reporting into a single offering for banks, broker-dealers and custodians.
The InvestmentNews staff plans to ask policy and financial experts in the coming months about their vision for the future of Social Security in the 21st century.
The proposal, which has little chance of passing Congress, would also raise the top tax rate for Americans making $400,000, to 39.6% from 37%, reversing one of Trump's tax cuts.
The president's proposal, which would also give the government new power to negotiate drug prices, would extend the solvency of the Medicare trust fund beyond 2050, the White House says.
