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Five budget items that target retirement accounts
June 9, 2013
Five proposals were included in this year's federal budget that directly relate to retirement accounts. Here is a rundown of each proposal, its main benefit and its drawback. 1) Establish a “cap” on retirement savings, prohibiting additional contributions. The...
IRS scandal throws wrench into tax reform
May 19, 2013
Controversy seen slowing efforts to revise the code
Tax risk: Trust gains have additional levy
May 12, 2013
Experts are just getting their arms around a little-publicized wrinkle in the 2012 law.
Rethinking a break on lump sums
March 17, 2013
Net unrealized appreciation on lump sums used to be a slam-dunk. Not anymore.
Tax reform of financial products?
February 24, 2013
The idea may be theoretically interesting, but it is too complex and practically unworkable
Take a fresh look at Roth conversions
February 17, 2013
With tax issue settled, it's time for financial advisers to help clients re-evaluate their plans
Regs leave 401(k) business 'wide open' for advisers
February 3, 2013
When it comes to retirement plans, more-stringent regulations could turn out to be a blessing in disguise for financial advisers. The Labor Department released tougher rules for fee disclosure last summer and is expected to release a re-proposed broader definition of “fiduciary” ...
Mickelson takes mulligan on his tax comments
January 27, 2013
Phil Mickelson has apologized for saying that he would have to make “drastic changes” due to new U.S. and California tax laws. The golf champion said that the comments should have remained private. “Finances and taxes are a personal matter, and I should not have...
Qualified charitable distributions return
January 20, 2013
As expected, Congress has renewed the special tax break for charitable individual retirement account rollovers, known as qualified charitable distributions. QCDs apply only to IRA owners and beneficiaries 701/2 or older who make a direct transfer to a qualifying charity from their IRA. The ...
Tax reform may find its way through partisan thicket
January 20, 2013
The idea of comprehensive tax reform received a boost from the New Year's Day measure that averted automatic tax increases and spending cuts. The partisan tension that punctuated congressional approval of a fiscal cliff bill is expected to stay high for several weeks, as Republicans...
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