Insurance

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

Those who feel they have inadequate savings may consider going back to work after the pandemic, even if it's on a part-time basis, according to an expert.

April brought the highest unemployment since the Great Depression. Some of these people are our clients.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

There's a great deal of help for businesses in the CARES Act and the FFCRA.

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

Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.

In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.

“[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year,” an expert says.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Many wealth management trends never caught on. This one is no passing fad, however.

Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.

While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.

Nearly 48% of younger Americans feel they are not saving enough to secure their lifestyles after leaving the workforce, a report finds.