The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30.
Deal affects almost 3,000 advisors working with $83.8 billion in client assets.
Most HNW individuals are compliant because they have quality advisors who know the law and how to follow it correctly, says one advisor.
Creative control, income and capital gains are among the considerations for songwriters and recording artists.
'We need to address the looming debt and quit kicking the can down the road,' one advisor says.
The Republican presidential candidate has blamed her own party for its role in driving federal debt.
Concern is rising among pre-retirees and younger, but more are getting professional help.
Crisis of confidence in the program is prompting many to claim benefits early.
The AFGE represents 43,000 employees of the Social Security Administration.
'Most voters didn't realize the millionaires tax included one-time sudden windfalls like the sale of a home,' one advisor says.
'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.
State launches 9% rate for high earners.
While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.
Only 10% of non-retired Americans plan to wait until they're 70 to receive the maximum Social Security payment, Schroders survey finds.
Financial advisors say a bill recently introduced in Congress sounds good but would be difficult to administer.
The agency is responsible for distributing Social Security to more than 70 million beneficiaries and commands a $1 trillion budget.
Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.
Its donors surpassed 1 million individual grants to charities for the first time in the organization’s history, Schwab said.
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.
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.
