Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
5 Ways to Lower RMDs, Help Clients Reduce Medicare Surcharges
By Roger WohlnerStrategies to trim required minimum distributions can lessen the impact of income-related monthly adjustment amounts, or IRMAAs.
March 22, 2022
13 Funds to Buy for Your IRA: MorningstarRussel Kinnel, director of manager research, selected these funds as good fits based on their five-year tax-cost ratios.
March 21, 2022
Money Received Via Crowdfunding May Be Taxable, IRS SaysMoney received by soliciting others to fund businesses or support charities could be taxable.
March 21, 2022
Don't 'Torpedo' Medicare, Social Security in Retirement Plans: William MeyerRetiree Inc.'s CEO says good intentions can go wrong, such as when a Roth conversion raised a client's Medicare premium, an outcome that "will likely" get the advisor "fire[d]."
March 21, 2022
IRS Rules on COVID-19-Delayed Pension PaymentsA new private letter ruling shows how to handle the fact that the pandemic is still with us.
March 21, 2022
12 States With the Highest Taxes in America: 2022Taxpayers in the most tax-expensive states pay three times more than those in the cheapest states, according to WalletHub.
March 18, 2022
Billionaire Robert Brockman Offers to Put Up $1.45B to Ease IRS LiensRobert Brockman is facing both criminal and civil charges that he evaded taxes on $2 billion in income and laundered money.
March 17, 2022
Underestimating Inflation Is a Big Retirement MistakeAdvisors should test their clients' financial plans against prolonged periods of 5% to 6% inflation.