Legislation

Displaying 2184 results

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Should celebrity profiles be considered investment advice?

Investing apps allow investors to trade securities and share those strategies with like-minded traders. Regulators may need to consider whether they're also providing investment advice.

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ESG proponents push for legislation addressing retirement investing

Democratic bills in Congress would codify the Biden administration's proposal, but Republican support is lacking.

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Congress is going after the largest IRAs

The proposals in Congress might not become law, but clients are hearing about them and want to hear from their advisers on planning moves they could make to be better prepared.

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Debt ceiling brinkmanship not a concern for advisers

The devastating consequences of a default make it unlikely to happen, advisers say. Inflation is a bigger threat.

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Bipartisan aura around retirement savings diminishes in reconciliation

Republicans are upset about auto-IRA and other proposals in the $3.5 trillion budget reconciliation package. Will their ire carry over to SECURE 2.0?

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The biggest gaps in Medicare: Dental, hearing and vision coverage

A new study details the uncovered costs retirees face for those services as Congress considers expanding Medicare Part B to include such coverage.

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Congressmen propose portable retirement accounts

The measures would require everyone in the country to receive a portable account at the time they are given a Social Security number.

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Toward a national auto-IRA

While industry groups argue the programs will take business away from advisers, there are still ways to get involved in the retirement planning process.

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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.

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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.

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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.

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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.

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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.

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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.

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Congress should continue updating the retirement system

The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.

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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.

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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.

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Why adviser groups won’t completely shun lawmakers who voted to overturn the 2020 election

The Investment Adviser Association isn't giving to the 147 legislators who voted to decertify presidential results. The Investment Company Institute has suspended donations for now. Other groups left the door open.

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Washington state testing long-term care program

The effort, WA Cares, is the first of its kind in the US and could serve as a model for other states.

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Digital asset proposal puts spotlight on crypto taxes

The provision, tucked inside a massive infrastructure bill, would require tax reporting for transactions similar to securities. The measure seeks to ensure that details about digital transactions — such as purchase price, gains and losses — are reported to the IRS.