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Social Security expert starts phased retirement
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
No 2022 capital gains on Schwab exchange-traded funds
The asset manager announced that all 29 of its ETFs will avoid such distributions this year.
Delaying claiming Social Security beyond age 70
It sounds odd, since delayed retirement credits stop accumulating at age 70, but intentional late filing for benefits can shift income into the next tax year.
Don’t give up on charitable giving just yet
A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.
Lame-duck Congress eyes $100 billion tax-cut package
Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.
3 guaranteed-income strategies for an uncertain economy
Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
No need to claim Social Security to cash in on COLA
Anyone who's 62 or older in 2023 will benefit from the 8.7% cost-of-living increase to benefits that was recently announced for next year by the Social Security Administration.
Blucora dumps tax software unit to focus on wealth management
The company intends to rebrand itself as Avantax, which is the name of its wealth management group.
Americans expect to work longer, save more for retirement, survey shows
Americans age 18 and older anticipate they'll need $1.25 million to retire comfortably, a 20% spike since 2021.
Deciphering a cryptic letter from Social Security
It’s a good idea to hold on to correspondence from the Social Security Administration to keep track of your benefits and understand any changes in the monthly amount.
Midterm elections a matter of personal politics for financial advisers
Advisers surveyed preferred that Republicans control Congress when it convenes in 2023 by a margin of 60% to 25%.
Inflation adjustment boosts IRS standard deduction, lifting take-home pay
Decades-high inflation prompted an unusually big tweak for 2023, and as a result, employees can expect to see less tax withheld from paychecks as soon as January.
IRS gives more clarity on how to report digital assets
In the 2022 tax form draft instructions, the agency explicitly says that digital assets include NFTs and virtual currencies.
Benefits may run out faster due to Social Security COLA increase
The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.
Social Security announces 8.7% COLA for 2023
Next year's cost-of-living adjustment will be the largest increase in retirement benefits and taxable wages in 42 years.
Year-end tax planning for retirees
Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.
Savant Wealth Management acquires two Iowa-based financial firms
The deals push Savant's assets to $12.4 billion while moving it forward on its five-year growth plan.
Figuring out the tax impact on clients’ portfolios
Taxes can create a significant drag on the value of a portfolio, so here are the things you should be looking for in a client's tax documents.
Wealthy shift billions to donor-advised funds to gain tax breaks
Private foundations are using the funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not delay the gifts for generations.
From the Great Resignation to unretirement
Boomerang workers may have to rethink their plans for claiming Social Security.