Andrew Shilling

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

“People are just saying, ‘Why should I pay for an active manager when most of them lose to the benchmark anyway?’ This is a big deal,” an expert says.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

“I do believe that clients sometimes get too caught up in expense ratios,” an expert says.

“This market environment is a very good one for investors to do a self-awareness check,” an expert says.

Cash-strapped taxpayers may consider waiting until the new deadline to pay or to request a payment plan to buy more time to settle their tax bill.

“Ideally, you would like clients to try not to make really short-term decisions, however this is an unprecedented situation,” an expert says.

The funds are also some of the lowest-duration products in the market.

A revocable living trust is one way to reduce their estate taxes, however the law requires clients to sign the document in the presence of the notary.

“Recent further Fed action from COVID-19 seems to put another layer on a near-40-year bond bull market,” an expert says.

If they plan to use them for current spending, “then the timing of the distribution would not matter for tax purposes,” an expert writes.

Five of the top seven performers this year carry AA ratings.

Funds with higher risk profiles — high-yield and emerging markets — are now paying the price.

While the Trump administration has called for a delay to the April 15 deadline, they have yet to issue formal guidance on when paperwork is due.

With more than $80 billion in combined assets under management, the winners have started out the year with a loss.

Any gains on the sale of a property they've held for over a year may be taxed as much as 20%.

"Asset managers need to be faster and smarter to make the right bets in a fast-changing external environment.”

Designating charities as a beneficiary of their retirement accounts is one strategy that can enhance their tax savings.

Broad-basket commodity sector funds, as well as those long on oil, natural gas and precious metals, accounted for more than half of the laggards.

Some tax credits are refundable, meaning they can get a refund in case the credits exceed their actual tax liability.