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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.
Medicare Part B premium, IRMAA surcharges to decline in 2023
The decreases reflect a partial rollback of the big increases in 2022 following a big cut in the cost of a new Alzheimer's drug.
A time for difficult conversations
It may be time for advisers to talk to clients about reducing spending and either continuing or returning to work.
GOP agenda includes pressuring SEC, advancing tax legislation
The Republican party is favored to win the House in November's election. But even with control of that chamber, the legislative path for GOP bills is perilous.
Social Security recipients should see sizable COLA for 2023
Tuesday's report on August consumer prices points to an 8.7% cost-of-living adjustment to Social Security benefits next year.
American workers won’t wait for maximum Social Security checks: Schroders
Only 11% of Americans 45 and older plan to wait until they're 70 to start receiving their Social Security benefits.
Tax ‘advice’ more important than ever
Advisers who help business-owner clients steer clear of possible tax traps in coming years will be performing a service unlikely to be forgotten.
Social Security minimum benefit rule for survivors
Widows and widowers can boost their survivor benefits by waiting until their full retirement age to claim.
Social Security head addresses complaints about long waits at offices
Acting Commissioner Kilolo Kijakazi outlined what the agency is doing to provide a safe environment for those waiting at the agency's offices.
Legislation would end taxes on Social Security payments
A bill introduced by Rep. Angie Craig, D-Minn., faces long odds this year, while the prospects for broader reform of the program depend on the outcome of November's election.
Borrowers could face state tax bills on forgiven student loans
Thirteen states have tax laws that would treat forgiven debt as income, meaning it's subject to state levies on earnings.
Social Security spousal benefits explained
It seems like a good time to review the who, what, when and how much of Social Security spousal benefits, and the different rules — and benefit amounts — for spouses versus survivors.
Offshore loophole helps Americans evade taxes, Senate report says
Setting up shell companies abroad and registering them with the IRS as offshore financial institutions lets Americans sidestep FATCA, according to the report.
Confusion about RMDs on inherited IRAs
New IRS rules complicate the calculation of required minimum distributions for those who have inherited individual retirement accounts.
