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Weighing in on disputed language in IRS 10-year RMD rule
While the IRS has not corrected the publication that suggested annual required minimum distributions under the 10-year rule, no one believes this to be correct.
Pandemic’s impact on Social Security services, funding
Social Security Administration Commissioner Andrew Saul warns that underfunding the system will increase benefit delays.
Ultra-rich fear Biden will close their favorite tax loopholes
The president's tax package could take aim at a long list of sometimes obscure deductions, exclusions and loopholes that are favorites of the 0.1%.
Biden’s tax plan collides with GOP, SALT rebels
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
Wall Street’s ESG club sees huge tax perks
Big banks' finance work involving environmental, social and governance projects saves them a lot on taxes.
Biden tax proposal draws ire from financial advisers
The idea of hiking taxes on capital gains from the current top rate of 23.8% is viewed by some as a trial balloon to test levels of support and resistance. The top tax rate would apply to those with annual incomes of at least $1 million, which is about 500,000 American taxpayers.
Biden eyeing capital gains tax rate as high as 43.4% for wealthy
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
Retirement confidence resilient despite pandemic
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
Preparing for higher taxes
Tax-related advice is one of the few areas where advisory expertise so clearly and quickly shows its worth.
INmail: Delaying Social Security protects the younger spouse
To maximize benefits over the couple’s joint lifetimes, claiming her Social Security benefits early will likely result in the largest payout.
Biden tax talk seen driving RIA M&A activity
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
Third of near-retirees fail basic Social Security quiz
The level of knowledge is improving but the public still needs guidance on decisions about claiming benefits.
Biden tax hikes dominate adviser-client discussions
There's a sense of urgency to make moves to take advantage of today's low tax rates because they may be going up soon. A $2.3 trillion package contains a proposal to increase the corporate tax rate from 21% to 28%.
Foes of SALT cap threaten Biden tax plan
Three House Democrats say they won't support the tax hikes needed to support the administration's infrastructure proposal unless the plan repeals the cap on state and local tax deductions.
Biden aims to roll back corporate tax cuts
The president's infrastructure plan would reverse a large part of Trump's tax cut, which proved to be a huge boon for the stock market.
Biden determined to tax rich after windfalls from Covid
There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.
New option for Social Security training
The National Association of Registered Social Security Analysts' program qualifies for CFP and CPA continuing education credits.
IRS delays tax deadline to mid-May
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
Renewed Treasury focus on estates could mean tax hikes for rich
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
INmail: Social Security wants its money back
When a family member dies, the Social Security office will often ask for the last check back.
