401(k)

Lawmakers want annuities in Americans’ retirement plans in reintroduced legislation.

The strategy provides an alternate course to clients claiming their monthly checks as soon as they leave their jobs, experts say.

Despite uncertainty over potential tax increases, there are still some valuable tax-planning moves for the final days of this year.

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

The proposed law would ban all IRAs, regardless of size or owner’s income, from holding unconventional assets like stakes in private companies, real estate and startups.

Plan participants gave firms low marks in fundamental areas, though some performed better than others.

As more and more employees gear up to leave their jobs in a post-pandemic hiring frenzy, economists fear the issue will only get worse.

The number of accounts with balances of at least $1 million grew 84% year over year, while the number of seven-figure IRAs jumped more than 64%.

Advisors share a tax trick that allows professionals to build seven-figure retirement plans.