Displaying 2691 results
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
'We need to address the looming debt and quit kicking the can down the road,' one advisor says.
IRS delays mandatory Roth catch-up provision until 2026
Agency announces needed SECURE 2.0 relief related to catch-up contributions made by higher-income employees.
Nikki Haley suggests raising retirement age to curb rising US debt
The Republican presidential candidate has blamed her own party for its role in driving federal debt.
Social Security benefits won’t be enough for retirement, most believe
Concern is rising among pre-retirees and younger, but more are getting professional help.
Social Security’s crucial role shadowed by new doubts
Crisis of confidence in the program is prompting many to claim benefits early.
Largest federal union backs O’Malley for Social Security commissioner
The AFGE represents 43,000 employees of the Social Security Administration.
Massachusetts tax could hit one-off millionaires but advisors keep levy in perspective
'Most voters didn't realize the millionaires tax included one-time sudden windfalls like the sale of a home,' one advisor says.
Advisors urge Congress to weigh debt reduction against SALT deduction
'As much as I might want to see some relief for my clients and myself, there should be a balance between revenue and expenses in the federal budget,' one advisor says.
Welcome to the ‘Millionaire’s Tax’
State launches 9% rate for high earners.
Cooling inflation points to 3% Social Security COLA for 2024
While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.
Worried about Social Security running out of money, many plan to take benefits early
Only 10% of non-retired Americans plan to wait until they're 70 to receive the maximum Social Security payment, Schroders survey finds.
Proposed wealth tax ‘sounds lovely’ but ‘doesn’t make any sense’
Financial advisors say a bill recently introduced in Congress sounds good but would be difficult to administer.
Biden selects Martin O’Malley for Social Security commissioner
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
In surprise announcement, IRS says it will stop unannounced tax visits
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
Stop contributing to IRAs and 401(k)s
This decades-old strategy no longer works. It’s time to reduce IRA balances, not increase them.
Schwab Charitable donors give record amount despite rocky market
Its donors surpassed 1 million individual grants to charities for the first time in the organization’s history, Schwab said.
Millionaire tax evaders be warned, the IRS says it’s coming for you
Internal Revenue Service says it is only just at the start of cracking down on those who try to hide their income or refuse to pay the taxes they owe.
How to save your clients’ ‘Benjamins’
With several major provisions of the Tax Cuts and Jobs Act due to sunset by the end of 2025, advisors should be talking to clients about their tax-deferred savings.
Hightower Advisors gains HNW tax advantage through strategic investment
The deal will enhance the Chicago-based firm's tax advisory services for high-net-worth and business clients.
Warnings from financial advisors grow with Mega Millions jackpot
With the pool for Friday’s draw having grown to an estimated $560 million, advisors urge anyone experiencing a windfall to proceed cautiously.
