Displaying 2693 results
Media coverage of Social Security could affect claiming age
A new study from the Center for Retirement Research at Boston College found news reports could lead to misconceptions about Social Security trust funds, and could influence retirement savers to claim earlier than otherwise planned.
Putting Social Security’s financial outlook in perspective
The acceleration in the projected depletion of the trust fund is bad, but given that this was the first report to include the effects of the pandemic-induced recession, the news could have been worse.
ETFs could lose key tax advantage
Draft legislation from Senate Finance Committee Chairman Ron Wyden of Oregon would end a system of deferred taxes on capital gains linked to ETFs.
House tax proposal would close door on popular back-door Roth IRA conversions
The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.
Advisers express relief at tax increases proposed in budget bill
The House Ways and Means proposal does not include taxing unrealized capital gains on inherited assets and the hike it suggests in the capital gains tax rate is not nearly as big as some feared.
Democrats slim Biden tax plan
In an attempt to appeal to moderates, House Democrats have proposed a package of tax increases that would raise the top rate on capital gains from 20% to 25%, instead of the 39.6% that Biden proposed.
House committee approves auto-IRA legislation
Two Democrats joined all Republicans on the panel in opposing the measure, which is designed to expand workplace retirement savings and would impose a tax on businesses that don't set up plans.
House Ways and Means Committee to vote on auto-IRA legislation
Under the legislation, which could become part of the $3.5 trillion budget bill working its way through Congress, employers that don't offer a retirement plan would have to establish an auto-IRA or 401(k) for their workers.
Social Security trust fund to be depleted 1 year sooner than expected
The 2021 Trustees Report shows the trust funds will run dry in 2034 as a result of the economic fallout from the pandemic.
Helping philanthropic clients get the most out of their giving
David Foster found his niche when he realized how difficult it was to make sure his donations were having the desired impact.
Social Security Trust Fund report to document impacts of Covid-19
The long-delayed report, which is due every year no later than April 1, is expected this week and should highlight the pandemic's impact on program funding.
Serial spouse has several Social Security claiming options
The woman, who's twice divorced and widowed, can select the biggest of the benefits available.
How will a capital gains tax hike affect red-hot RIA M&A market?
Many RIA sellers who were already contemplating an exit in the near- to mid-term are likely to see the handwriting on the wall and scramble to complete their sales before the tax increase takes effect.
Retirees de-risk and base income on RMDs, research finds
J.P. Morgan Asset Management, EBRI say retirees' spending rises when Social Security and required minimum distributions begin.
Senator proposing new taxes on wealthy says idea is popular
But Sen. Chris Van Hollen, D-Md., says it's too soon to tell whether his proposals will be adopted in the $3.5 trillion budget bill working its way through Congress.
How inflation affects Social Security, Medicare and taxes
Higher benefits resulting from a cost-of-living adjustment could be offset by bigger Medicare premiums and larger tax bills.
Senate vote gives advocates for real estate tax break hope of protecting it
Lawmakers could decide to limit like-kind property exchanges as a way to pay for Biden administration spending priorities.
Advisers want Congress to restore the SALT deduction
Lawmakers will wrestle with tax relief and increases for the wealthy as they put together a $3.5 trillion budget bill. SALT relief targets the $10,000 limit on the deduction for state and local taxes implemented under the 2017 tax reform.
How COLA affects Social Security benefits
Those 62 and older profit from cost-of-living adjustments even if they're not yet collecting benefits.
Rush to munis could boost Medicare premiums
The income calculation for Medicare and Social Security includes tax-exempt interest on municipal bonds.
