Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Social Security COLA for 2022 Expected to Be Biggest Since 2009
By Ginger SzalaThe estimate is based on a "highly unusual inflation jump," Mary Johnson of The Senior Citizens League says.
May 11, 2021
Secure Act 2.0, Biden Tax Hike Plans Make Roth IRAs a Crucial ToolRoth IRAs are valuable for estate planning and reducing future RMDs, and the Secure Act 2.0 retirement bill would open a wider window for these strategies.
May 10, 2021
Men Still Make the Financial Decisions in Most Couples: UBSWealthy millennial women defer to their husbands more than any other group, a new survey found.
May 08, 2021
Secure Act 2.0: A Gateway to 'Rothification' of Retirement?Advisor Jamie Cox says requiring Roth treatment of catch-up 401(k) contributions would be "the beginning of something bigger."
May 06, 2021
Wade Pfau Makes Case for Raising Top Social Security Claiming Age to 72Letting retirees further delay claiming, while allowing benefits to rise, would be more helpful than delaying RMDs, he tells ThinkAdvisor.
May 05, 2021
Why Secure Act 2.0 Should Fly Through Congress: Michael FinkeDelaying RMDs and increasing access to cheaper investments are "easy" problems compared with fixing Social Security, he told ThinkAdvisor.
May 05, 2021
House Panel Marks Up 'Secure Act 2.0' Bill on Annuities, RMDsThe Secure 2.0 bill includes QLAC, variable annuity ETF and annuity minimum distribution rule provisions.
May 04, 2021
5 Ways to Use a Tax Return as a Financial Planning ToolA new client's 2020 tax return can be a jumping-off point to understanding their financial situation.