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Social Security rules for divorced spouses
First rule: There must be at least a decade between 'I do' and 'I don’t.'
How tax refunds can kickstart clients’ retirement plans
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.
Investors favoring taxable accounts over IRAs, 401(k)s
As wealthier clients approach retirement, advisors must focus on income strategies, Hearts & Wallets says.
Time is running out to avoid cuts to Social Security benefits
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.
Navigating ever-changing tax rules on IRAs
As laws and IRS guidance evolve, it’s crucial for advisors to stay on the leading edge of how inherited IRAs are affected.
Social Security benefits targeted for cuts by House conservatives
A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.
Estimate for 2024 Social Security COLA drops with inflation
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%.
White House dismisses GOP tax cut plan as handout to wealthy
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.
House GOP tax package launches effort to pass reform legislation
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.
Last chance for Social Security claiming strategy
While the rules for claiming Social Security will get a bit simpler starting in 2024, clients will continue to need advice on the best time to claim benefits.
InvestmentNews columnist to host new TV show about Social Security
Mary Beth Franklin's show on Maryland Public television will offer guidance not only for individuals currently nearing retirement age, but also those caring for aging relatives or facing changes in their marital status.
Could $25 billion in Social Security payments on June 2 force debt-limit deal?
Those due to receive their Social Security benefits next week are retirees aged 88 and older, along with low-income individuals with disabilities.
Women’s fear about retirement cuts across party lines
Just over half of women who are 25 and older said they don't consider themselves financially secure; 77% of low-income women said the same.
Why some public employees can’t collect Social Security
The Windfall Elimination Provision reduction rules affect about 2 million people or about 3% of Social Security beneficiaries.
EVs, heat pumps and solar panels: What advisors say about new tax credits
The Inflation Reduction Act gives clients many reasons to make their homes more energy-efficient or get an electric vehicle, now or later.
Audits on the rise amid a resurgent IRS
If the IRS thinks a taxpayer owes money, its efforts to collect could include levying bank accounts, placing liens on their home, garnishing their salary, and even refusing to issue a passport.
Advisors stick with Treasuries despite political tension over debt limit
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
5 tax planning strategies to consider in the wake of Tax Day
What better time to work with your clients on positioning their portfolios for a better after-tax outcome than when paying taxes is fresh on their mind?
Nonfungible tokens held in IRAs can trigger big tax hit
If clients are holding NFTs in their individual retirement accounts, review them to see which tokens are acceptable assets and which may be deemed a collectible under IRS guidance.
Donor-advised fund generosity increases with time: Vanguard Charitable
Donors who have had their accounts for 10 years or more last year issued grants that were 61% larger on average than those from donors with a tenure of six years or less.
