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Beware of incorrect advice about claiming Social Security benefits
Filing for benefits online can help individuals avoid faulty guidance from well-meaning Social Security Administration reps.
Senate GOP proposal offers investment tax relief to fight inflation
The bill would more than double the 0% tax bracket for long-term capital gains and dividends, but its political prospects in the Democratic-controlled Congress are cloudy.
401(k) plans are failing middle-class Americans
A new study finds that tax incentives for saving for retirement primarily benefit high-income households.
Trouble with the IRS? Let an ERPA guide you
A second-generation enrolled retirement plan agent explains how he helps companies smooth out plan problems with the IRS.
Stretch IRAs still exist for some beneficiaries
Although the SECURE Act eliminated stretch IRAs for most beneficiaries, replacing them with the 10-year post-death payout rule, some beneficiaries can still use a stretch IRA.
Fending off taxes, fees and other state threats to adviser autonomy and growth
Fees, financial literacy and the freedom to work as an independent contractor are all under debate in state legislatures — and relevant to the growth of advisers' practices
Social Security report projects trust fund exhaustion in 2035
The latest annual report from the Social Security and Medicare Trustees moves the program's insolvency date back by one year.
Market correction puts Roth conversions on the front burner
The tax implications of an IRA conversion are far from automatic and can be difficult to forecast this early in the year.
Choosing between survivor and divorced spouse’s benefits
Age, work status and benefit amounts dictate which Social Security benefit to claim first.
2023 Social Security COLA could be biggest in 40 years
The April report on consumer prices suggests inflation could result in an 8.6% cost-of-living adjustment to next year’s benefits.
Avantax boosts recruiting bonus to add advisers
Providing hefty bonuses to recruit financial advisers is like a sugar rush: sweet at first but it comes with a downside.
Social Security underpaid older children by nearly $60 million
Minor and disabled children are eligible for benefits when a parent retires or dies, and those benefits extend until the child is 18 — or 19 if still in high school.
New rules make IRAs less useful for transferring wealth: Ed Slott
Doing a Roth conversion is one way to avoid a tax hit later, Slott said, and life insurance is another, often-overlooked tool.
Vanguard clients decry tax debacle
Many Vanguard clients who invested in target-date funds face significantly higher tax bills this year because of a change the company made to its target-date funds in late 2020.
Advisers, brokers to continue paying Tennessee tax
The state imposes an annual $400 levy, the so-called privilege tax, on members of certain professions who do business in the state.
Social Security spousal benefits options
The opportunity to use a valuable claiming strategy will soon disappear.
FSI, FPA fight state-level taxes on financial advisers
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
Your RMD questions answered
New (and confusing) IRS rules about required minimum distributions raise new questions for advisers.
Social Security rules when divorcing a younger husband
An ex-wife must wait for her former husband to turn 62 to claim benefits on his record.
Supreme Court rejects state challenge to SALT deduction cap
The court refused to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed in the 2017 tax law.
