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Sudden market volatility has advisers preaching calm to newer investors
As the next generation of investors comes on board, advisers are repeating the age-old mantra about not panicking in response to market swings.
Social Security Administration and unions reach pact on reopening
Social Security's 1,200 field offices have been closed since March 2020 in response to the pandemic.
Public slow to embrace Social Security’s online tools
Financial advisers could fill the void when it comes to clients' questions about when to claim benefits.
Ahead of tax season, Treasury says be ready for frustration
Many of the processing delays and customer service shortages that have plagued the IRS for years will persist this year, Treasury officials warn.
Build Back Better stall could complicate tax planning
If Congress finally comes to an agreement on the bill, some provisions could be retroactive. The state and local tax deduction hangs in the balance.
RIAs see M&A momentum gaining steam in ’22
As firms chase scale with bigger and bigger deals, RIA sellers are enjoying the ride of record-level valuations.
Widow’s dilemma: When to claim Social Security
Survivors are subject to an earnings limit if they claim the benefit before reaching full retirement age.
Social Security offices to remain closed indefinitely
The agency has not set a reentry date for in-person appointments, although some executives have returned to their offices as of December.
2022 outlook for Social Security
There's good and bad news on the horizon, including the biggest annual cost-of-living increase in 40 years, but also an offsetting rise in Medicare premiums.
Some Social Security checks to decline in 2022 due to IRMAA
Medicare high-income surcharges combined with higher Medicare premiums will take a bigger chunk of retirement benefits in the new year.
Gensler sets fast pace, expansive policies at SEC with Democrats in control
The legislative highlight of the year was Democrats raising fewer taxes on the wealthy than anticipated.
Navigating the uncertainty around tax changes
Many advisers are telling clients to wait until the smoke clears on Capitol Hill before making major tax planning decisions.
Most Americans prefer making charitable donations over gifts for themselves
The Fidelity Charitable poll confirmed an upward trajectory in giving, while Vanguard Charitable updated a web tool that helps investors target donations toward homelessness and hunger.
Demand for Social Security advice increases
The pandemic is boosting retirement among baby boomers, as well as their questions about when to claim benefits.
What’s the Best Way to Maximize the Tax Benefits of Charitable Giving?
Is it better to donate cash or stock to charity? Learn about the after-tax benefits of both methods of charitable giving—plus a third option you may not have heard of before.
Biden bill provides tax cut for millionaires, hike for mega rich
Joint Committee on Taxation data show that while millionaires collectively would pay a higher tax rate under the Build Back Better Act passed by the House, those earning at least $1 million would collectively pay $46.8 billion less in taxes.
SALT cap boost in House bill likely to see changes by Senate
The House measure lifts the cap on state and local tax deductions to $80,000 from the current $10,000 limit, while a Senate proposal would cap the deduction based on income.
SALT cap is poised to get looser as Democrats debate tax relief
House Democrats have proposed increasing the cap to $80,000 from $10,000 through the end of the decade; Senate Democrats are working on a less generous option.
Tax Management and Tracking Error: You Can’t Have One Without the Other
Investors may bristle at the mere mention of tracking error—but that’s what helps them keep more of their money while maximizing their after-tax returns.
Mutual fund investors brace for hefty capital gains taxes
As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.
