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IRS rethinks rules for savings accounts to care for young people with disabilities
States get additional guidance on how to administer 529 ABLE plans.
Social Security update for gay couples
Legalizing same-sex marriage nationwide opens the door for spousal, survivor, disability and Medicare benefits.
Social Security benefits for noncitizens
Foreign workers and dependents retiring abroad face complicated rules.
Republican tax plan would reduce brackets, slash investment taxes
House Republicans rolled out a tax-reform plan on Friday that would reduce the number of individual rates to three and eliminate many deductions.
Skeptical advisers should reexamine their attitudes toward reverse mortgages
Most of the loans' issues have been solved, or at least ameliorated.
A widow’s Social Security dilemma
Earnings test complicates choice between retirement and survivor benefits.
Social Security cost-of-living adjustment unlikely for 2017
High-income retirees could see net benefits decline next year if Medicare premiums rise.
Who’s keeping track of IRA basis?
IRA basis is required to be tracked on IRS Form 8606 “Nondeductible IRAs,” which is filed with a client's tax return.
Deadline for disclosure of foreign bank accounts approaches, grace period narrows
If your clients have any involvement in offshore holdings, now is the time to double check their status and make sure everything is filed before June 30.
401(k) savings options come with tax consequences
Choosing between a traditional and Roth 401(k) is essentially a bet on how your clients' future income tax rates will compare to their current rate.
Most recent retirees do not regret claiming Social Security early
Plus, one of the biggest shocks to current retirees is the cost of health care, according to a new survey.
Social Security, divorce and remarriage
Who gets which benefits when? It depends.
Hackers are targeting tax professionals as October deadline approaches, IRS warns
Incidents of online thieves taking control of tax preparers' computers and client information are rising.
Time to talk about financial wellness
Financial wellness is one of the hottest topics in the retirement industry today and at top of mind for many plan sponsors.
Permanent 100% exclusion of small business gains a long-term tax advantage
Exclusion for qualified stock will be a big draw for investors to reconsider C corps.
To pay income taxes now or later, that is the IRA question
Answers are related to an individual's current and expected future tax circumstances.
Retiree medical expenses could outpace Social Security benefits in 20 years
Your clients could be under saving for their real retirement income needs.
Retirees need 70% of their pre-retirement income but most live on less: Bankrate
Financial planners say that you need 70% of your pre-retirement income when you retire. And if that’s so,…
Prince’s death sets off estate planning quagmire
A complicated process to value the music icon's estate hinges on future royalties.
Michael Bloomberg: Public policy changes needed to address income inequality
Changing economy and job market stem from greater use of technology, he says.
